XML 55 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net income $ 528,472 $ 529,324 $ 497,161
Adjustments to reconcile net income to cash provided from operations:      
Increase in future policy benefits 578,217 497,306 431,362
Increase (decrease) in other policy benefits (6,006) (8,115) (2,776)
Deferral of policy acquisition costs (524,263) (480,818) (441,825)
Amortization of deferred policy acquisition costs 403,389 385,167 364,583
Change in current and deferred income taxes 76,121 122,538 30,899
Realized (gains) losses on sale of investments and properties (7,990) (37,833) (25,904)
Change in other receivables 50,900 (89,677) (22,565)
Loss on disposal of subsidiary 0 0 455
Other, net 20,440 24,947 28,074
Cash provided from operations 1,119,280 942,839 859,464
Investments sold or matured:      
Fixed maturities available for sale-sold 133,463 345,601 224,335
Fixed maturities available for sale-matured, called, and repaid 493,885 736,900 410,356
Equity securities 14,000 0 28,700
Other long-term investments 1,333 9,458 18,937
Total investments sold or matured 642,681 1,091,959 682,328
Acquisition of investments:      
Fixed maturities-available for sale (1,143,840) (1,431,690) (1,104,231)
Equity securities 0 0 (28,772)
Other long-term investments (591) (1,786) (6,246)
Total investments acquired (1,144,431) (1,433,476) (1,139,249)
Acquisition of Family Heritage, net of cash acquired 0 (186,424) 0
Net increase in policy loans (24,837) (23,130) (22,790)
Net (increase) decrease in short-term investments 17,970 (73,616) 195,435
Net change in payable or receivable for securities (43,987) 3,647 2,664
Additions to properties (11,168) (4,667) (5,386)
Sales of properties 570 56 3,089
Investments in low-income housing interests (51,176) (72,388) (49,812)
Proceeds from sale of subsidiary 0 0 21,588
Cash provided from (used for) investing activities (614,378) (698,039) (312,133)
Cash provided from (used for) financing activities:      
Issuance of common stock 97,816 181,022 162,613
Cash dividends paid to shareholders (60,911) (55,527) (49,125)
Issue expenses of debt offerings 0 (7,101) 0
Net borrowing (repayment) of commercial paper 3,983 245 25,967
Excess tax benefit from stock option exercises 21,315 22,602 13,121
Acquisition of treasury stock (482,264) (570,165) (972,556)
Net receipts (payments) from deposit-type product (21,808) 8,523 (4,505)
Cash provided from (used for) financing activities (535,919) (269,112) (824,485)
Effect of foreign exchange rate changes on cash 6,250 1,909 (4,412)
Increase (decrease) in cash (24,767) (22,403) (281,566)
Cash at beginning of year 61,710 84,113 365,679
Cash at end of year 36,943 61,710 84,113
3.80% Senior Notes due 2022 [Member]
     
Cash provided from (used for) financing activities:      
Proceeds from issuance of debt 0 150,000 0
5.875% Junior subordinated debentures due 2052 [Member]
     
Cash provided from (used for) financing activities:      
Proceeds from issuance of debt 0 125,000 0
7.375% Notes [Member]
     
Cash provided from (used for) financing activities:      
Repayment of Notes (94,050) 0 0
7.1% Junior Subordinated Debentures [Member]
     
Cash provided from (used for) financing activities:      
Redemption of Junior Subordinated Debentures $ 0 $ (123,711) $ 0