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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities      
Net Income $ 418,837 $ 631,893 $ 546,045
Change in operating assets and liabilities:      
Accrued investment income (69,875) (12,088) (17,426)
Premiums receivable and other reinsurance balances (106,136) (285,193) (83,650)
Deferred policy acquisition costs 58,313 (65,050) (241,903)
Reinsurance ceded receivables 62,058 5,293 143,505
Future policy benefits, other policy claims and benefits, and other reinsurance balances 1,429,697 1,792,207 970,685
Deferred income taxes 230,778 198,112 168,994
Other assets and other liabilities, net (186,978) (37,831) (104,423)
Amortization of net investment premiums, discounts and other (95,547) (83,787) (172,688)
Investment related (gains) losses, net (63,990) (254,136) 36,056
Gain on repurchase of collateral finance facility securities (46,506) 0 (65,565)
Excess tax benefits from share-based payment arrangement (3,125) (416) (4,933)
Other, net 99,634 85,523 134,835
Net cash provided by operating activities 1,727,160 1,974,527 1,309,532
Cash flows from investing activities      
Sales of fixed maturity securities available-for-sale 3,629,378 5,465,014 3,165,479
Maturities of fixed maturity securities available-for-sale 155,237 145,423 218,696
Purchases of fixed maturity securities available-for-sale (4,766,275) (6,818,378) (4,011,985)
Cash invested in mortgage loans (613,413) (491,466) (209,194)
Cash invested in policy loans (18) (58,240) (61,073)
Cash invested in funds withheld at interest (90,707) (107,289) (37,721)
Principal payments on mortgage loans on real estate 391,654 173,962 92,806
Principal payments on policy loans 33,724 40,466 29,091
Purchase of a business, net of cash acquired of $9,709 (2,805) 0 0
Change in short-term investments 138,024 (101,214) 30,408
Change in other invested assets (209,900) (216,274) (122,288)
Net cash used in investing activities (1,335,101) (1,967,996) (905,781)
Cash flows from financing activities      
Dividends to stockholders (77,642) (61,945) (44,229)
Repurchase and repayment of collateral finance facility securities (119,255) 0 (130,798)
Proceeds from long-term debt issuance 398,492 400,000 397,788
Debt issuance costs (3,400) (6,255) (3,400)
Principal payments and repurchase of long-term debt 0 0 (200,000)
Proceeds from redemption and remarketing of trust preferred securities 0 0 154,588
Maturity of trust preferred securities 0 0 (159,473)
Purchases of treasury stock (269,204) (6,924) (380,345)
Excess tax benefits from share-based payment arrangement 3,125 416 4,933
Exercise of stock options, net 28,390 (3,087) 6,449
Change in cash collateral for derivative positions and other arrangements (73,338) (132,933) 231,180
Deposits on universal life and other investment type policies and contracts 201,957 457,711 367,771
Withdrawals on universal life and other investment type policies and contracts (770,338) (365,044) (142,469)
Net cash (used in) provided by financing activities (681,213) 281,939 101,995
Effect of exchange rate changes on cash (47,091) 8,552 (6,537)
Change in cash and cash equivalents (336,245) 297,022 499,209
Cash and cash equivalents, beginning of period 1,259,892 962,870 463,661
Cash and cash equivalents, end of period 923,647 1,259,892 962,870
Supplementary information:      
Cash paid for interest 116,809 100,984 100,733
Cash paid for income taxes, net of refunds $ 110,773 $ 97,000 $ 129,009