XML 68 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 659,052 $ 107,941
Adjustments to reconcile net income to net cash provided by operating activities:    
Policy charges and fee income (95,612) (62,658)
Interest credited to policyholders' account balances 53,416 159,719
Realized investment (gains) losses, net (7,089) 10,306
Amortization and other non-cash items (23,113) (29,093)
Change in:    
Future policy benefits and other insurance liabilities 565,390 586,194
Reinsurance recoverables (516,820) (555,528)
Accrued investment income (4,692) (539)
Receivables from parents and affiliates (68,857) 14,549
Payables to parent and affiliates (39,021) (382)
Deferred policy acquisition costs (649,898) (340,462)
Income taxes payable 127,679 47,037
Deferred Sales Inducements (13,325) (138,095)
Other, net (53,729) (21,523)
Cash flows from (used in) operating activities 11,423 (221,770)
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, available for sale 673,173 549,359
Short-term investments 369,310 576,280
Policy loans 65,544 63,704
Proceeds from policy loans ceded 3,629 1,797
Commercial mortgage and other loans 77,301 50,114
Other long-term investments 3,195 7,712
Equity securities, available for sale 2,342 78
Trading account assets, at fair value 817 6,163
Payments for the purchase/origination of:    
Fixed maturities, available for sale (1,218,979) (795,773)
Short-term investments (330,805) (644,804)
Policy loans (49,639) (54,209)
Payments from policy loans ceded (4,498) (4,506)
Commercial mortgage and other loans (121,449) (67,937)
Other long-term investments (18,543) (39,928)
Equity securities, available for sale (10,508) (5,023)
Trading account assets, at fair value (9,478) 0
Notes receivable from parent and affiliates, net 8,402 9,718
Other 696 1,269
Cash flows used in investing activities (557,752) (340,568)
CASH FLOWS FROM FINANCING ACTIVITIES    
Policyholders' account deposits 1,833,747 1,861,057
Ceded policyholders' account deposits (180,700) (114,600)
Policyholders' account withdrawals (1,388,518) (1,444,034)
Ceded policyholders' account withdrawals 18,301 15,530
Net change in securities sold under agreements to repurchase and cash collateral for loaned securities 41,564 (104,440)
Net increase in short term borrowing (8,000) 14,000
Capital asset transfer activity (3,524) (19,456)
Drafts outstanding 10,839 (2,307)
Net change in long-term borrowing (50,000) 316,000
Cash flows from (used in) financing activities 273,709 521,750
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (272,620) (40,588)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 412,109 287,423
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 139,489 $ 246,835