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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Statement of Cash Flows [Abstract]    
Cash provided from operating activities $ 971,926 $ 729,892
Investments sold or matured:    
Fixed maturities available for sale—sold 75,299 26,330
Fixed maturities available for sale—matured, called, and repaid 178,873 342,796
Other long-term investments 466 2,452
Total long-term investments sold or matured 254,638 371,578
Acquisition of investments:    
Fixed maturities—available for sale (910,090) (730,145)
Other long-term investments (20,404) (1,906)
Total investments acquired (930,494) (732,051)
Net (increase) in policy loans (6,623) (13,933)
Net (increase) decrease in short-term investments (11,138) (47,781)
Net change in payable or receivable for securities 94 0
Additions to property and equipment (10,138) (30,663)
Sales of other assets 767 0
Investment in low-income housing interests (16,126) (27,078)
Cash from (used for) investing activities (719,020) (479,928)
Cash provided from (used for) financing activities:    
Issuance of common stock 47,053 32,519
Cash dividends paid to shareholders (50,258) (50,217)
Repayment of 6.375% Notes (250,000) 0
Issuance of Term Loan 100,000 0
Issuance of 6.125% Junior Subordinated Debentures 300,000 0
Issue expenses of debt offering (9,638) 0
Net borrowing (repayment) of commercial paper 25,266 130,215
Excess tax benefit from stock option exercises [1] 0 15,679
Acquisition of treasury stock (311,356) (330,066)
Net receipts (payments) from deposit-type product (57,188) (69,188)
Cash provided from (used for) financing activities (206,121) (271,058)
Effect of foreign exchange rate changes on cash (3,268) 14,560
Net increase (decrease) in cash 43,517 (6,534)
Cash at beginning of year 61,383 66,019
Cash at end of period $ 104,900 $ 59,485
[1] Due to the prospective adoption of ASU 2016-09, the excess tax benefits from stock option exercises of $14 million at September 30, 2016 were presented as a component of operating activities in the same manner as other cash flows related to income taxes. The 2015 balance of $16 million, under the previous guidance, remains in the financing activities section. See further discussion at Note 2—New Accounting Standards.