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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 173,217 $ 250,767 $ 848,092
Adjustments to reconcile net income to net cash provided by operating activities:      
Policy charges and fee income 907 3,491 10,678
Realized investment (gains) losses, net (6,052) (7,368) 184,351
Depreciation and amortization 37,530 1,402 11,032
Interest credited to policyholders’ account balances 225,555 211,058 (117,027)
Change in:      
Future policy benefits and other policyholder liabilities 238,052 324,284 218,861
Accrued investment income 2,393 7,161 12,487
Net payable to/receivable from parent and affiliates 61,252 (26,936) (40,051)
Deferred sales inducements 38,380 (11,515) (31,370)
Deferred policy acquisition costs 381,480 235,612 (389,611)
Income taxes (3,426) (67,163) 330,049
Reinsurance recoverables (270,868) (273,480) (275,321)
Bonus reserve (38,768) (115,700) (27,593)
Derivatives, net 21,581 (415) (37,654)
Deferred loss on reinsurance (118,028) 0 0
Other, net (3,508) (1,804) (17,627)
Cash flows from operating activities 739,697 529,394 679,296
Proceeds from the sale/maturity/prepayment of:      
Fixed maturities, available-for-sale 486,648 996,083 1,484,339
Commercial mortgage and other loans 89,344 20,988 109,242
Trading account assets 3,765 4,900 7,690
Policy loans 1,257 753 752
Other long-term investments 3,764 (1,650) 1,973
Short-term investments 2,318,219 2,637,788 3,220,082
Payments for the purchase/origination of:      
Fixed maturities, available-for-sale (336,954) (494,947) (743,854)
Commercial mortgage and other loans (106,185) (43,859) (80,319)
Trading account assets (3,681) (4,312) (5,469)
Policy loans (644) (943) (538)
Other long-term investments (3,994) (14,691) (12,969)
Short-term investments (2,419,261) (2,576,786) (3,234,508)
Notes payable to/receivable from parent and affiliates, net 3,110 (12,524) (2,224)
Derivatives, net (6,528) 1,682 6,068
Other, net 1,070 (1,674) (6,258)
Cash flows from investing activities 29,930 510,808 744,007
CASH FLOWS USED IN FINANCING ACTIVITIES:      
Cash collateral for loaned securities 5,283 (42,612) 8,920
Repayments of debt (maturities longer than 90 days) 0 (200,000) (200,000)
Net increase (decrease) in short-term borrowing (53,354) 49,354 5,000
Drafts outstanding (1,663) (6,410) 1,577
Distribution to parent (450,000) (342,000) (284,000)
Contributed capital 0 0 12,439
Policyholders’ account deposits 1,295,546 1,375,761 1,102,020
Policyholders’ account withdrawals (1,511,470) (1,875,118) (2,068,108)
Policyholders’ account ceded (54,027) 0 0
Cash flows used in financing activities (769,685) (1,041,025) (1,422,152)
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (58) (823) 1,151
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 594 1,417 266
CASH AND CASH EQUIVALENTS, END OF YEAR 536 594 1,417
SUPPLEMENTAL CASH FLOW INFORMATION      
Income taxes paid, net of refunds (4,858) 75,745 2,325
Interest paid $ 68 $ 8,657 $ 16,955