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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows - operating activities      
Premiums collected $ 710,646 $ 723,705 $ 707,275
Policyholder benefits paid (511,017) (534,359) (486,295)
Policy acquisition and other operating expenses paid (277,076) (267,854) (262,765)
Federal income taxes paid (27,847) (24,861) (29,195)
Investment income collected 344,778 330,034 324,252
Interest expense paid (11,754) (13,521) (13,902)
Other (20,312) (6,101) (17,437)
Net cash provided by operating activities 207,418 207,043 221,933
Fixed maturities      
Purchases (1,566,047) (1,490,376) (1,309,267)
Sales 429,251 445,100 261,696
Maturities, paydowns, calls and redemptions 799,653 683,335 451,074
Purchase of other invested assets (83,588) (38,018) (16,041)
Net cash provided by (used in) short-term and other investments 95,371 (15,890) 47,023
Net cash used in investing activities (325,360) (415,849) (565,515)
Cash flows - financing activities      
Dividends paid to shareholders (44,310) (42,523) (39,237)
Proceeds from issuance of Senior Notes due 2025 0 246,937 0
Redemption of Senior Notes due 2016 0 (127,292) 0
Maturity of Senior Notes due 2015 0 (75,000) 0
Principal repayment on Bank Credit Facility 0 (38,000) 0
Acquisition of treasury stock (21,513) (21,950) (5,411)
Exercise of stock options 3,329 1,629 8,252
Annuity contracts: variable, fixed and FHLB funding agreements      
Deposits 520,211 623,021 730,632
Benefits, withdrawals and net transfers to Separate Account (variable annuity) assets (349,915) (354,735) (326,374)
Life policy accounts      
Deposits 4,018 1,455 1,093
Withdrawals and surrenders (3,965) (3,985) (4,883)
Cash received (paid) related to repurchase agreements 0 0 (25,848)
Change in bank overdrafts 11,248 3,083 (1,156)
Net cash provided by financing activities 119,103 212,640 337,068
Net increase (decrease) in cash 1,161 3,834 (6,514)
Cash at beginning of period 15,509 11,675 18,189
Cash at end of period $ 16,670 $ 15,509 $ 11,675