XML 42 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net earnings $ 77,475 $ 68,405
Adjustments to reconcile net earnings to net cash from operating activities:    
Universal life and annuity contract interest 224,576 299,224
Surrender charges and other policy revenues (9,531) (10,450)
Realized (gains) losses on investments (7,225) (7,199)
Accretion/amortization of discounts and premiums, investments (831) (2,040)
Depreciation and amortization 2,522 3,742
(Increase) decrease in value of derivatives (49,278) (126,739)
(Increase) decrease in deferred policy acquisition and sales inducement costs (16,197) (15,433)
(Increase) decrease in accrued investment income (4,889) (3,792)
(Increase) decrease in other assets 28 (20,271)
Increase (decrease) in liabilities for future policy benefits 3,956 8,960
Increase (decrease) in other policyholder liabilities (412) 11,261
Increase (decrease) in Federal income taxes 7,691 (14,151)
Increase (decrease) in other liabilities 1,848 2,390
Other, net 1 0
Net cash provided by operating activities 229,734 193,907
Proceeds from sales of:    
Securities held to maturity 0 1,980
Securities available for sale 19,511 10,246
Other investments 3,247 10,520
Proceeds from maturities and redemptions of:    
Securities held to maturity 591,536 1,028,476
Securities available for sale 213,260 191,833
Index options 164,059 109,816
Purchases of:    
Securities held to maturity (933,997) (1,380,732)
Securities available for sale (275,751) (247,375)
Index options (53,174) (45,629)
Other investments (376) (15)
Principal payments on mortgage loans 14,112 30,649
Cost of mortgage loans acquired (33,985) (5,271)
Decrease (increase) in policy loans 2,223 3,242
Other, net (1) (2)
Net cash used in investing activities (289,336) (292,262)
Cash flows from financing activities:    
Deposits to account balances for universal life and annuity contracts 715,705 732,745
Return of account balances on universal life and annuity contracts (655,195) (665,048)
Issuance of common stock under stock option plan 350 0
Net cash provided by financing activities 60,860 67,697
Effect of foreign exchange (635) 555
Net increase (decrease) in cash and short-term investments 623 (30,103)
Cash and short-term investments at beginning of period 120,859 124,561
Cash and short-term investments at end of period 121,482 94,458
Cash paid during the period for:    
Interest 30 40
Income taxes 30,515 48,658
Noncash operating activities:    
Deferral of sales inducements $ (6,066) $ 1,261