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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities:    
Net income $ 145,512 $ 76,472
Change in operating assets and liabilities:    
Accrued investment income (10,501) (24,379)
Premiums receivable and other reinsurance balances (54,845) (51,778)
Deferred policy acquisition costs 58,962 (79,468)
Reinsurance ceded receivable balances (81,046) (68,918)
Future policy benefits, other policy claims and benefits, and other reinsurance balances 396,459 375,670
Deferred income taxes 50,110 23,406
Other assets and other liabilities, net (11,101) (18,513)
Amortization of net investment premiums, discounts and other (23,471) (15,782)
Depreciation, Depletion and Amortization 6,845 6,128
Investment related (gains) losses, net (60,523) 120,886
Other, net 964 24,848
Net cash provided by operating activities 417,365 368,572
Cash Flows from Investing Activities:    
Sales of fixed maturity securities available-for-sale 1,563,956 977,314
Maturities of fixed maturity securities available-for-sale 201,515 116,644
Proceeds from Sale of Available-for-sale Securities, Equity 152,509 40,426
Payments to Acquire Mortgage Notes Receivable (88,835) (141,228)
Payments to Fund Policy Loans (24,663) (16,939)
Payments to Acquire Available-for-sale Securities 1,933,120 1,768,881
Payments to Acquire Available-for-sale Securities, Equity (14,646) (20,288)
Proceeds from Sale and Collection of Mortgage Notes Receivable (184,575) (305,252)
Increase (Decrease) in Funds Held under Reinsurance Agreements 2,753 4,980
Payments to Acquire Property, Plant, and Equipment (16,893) 0
Change in short-term investments 23,668 124,653
Change in other invested assets (14,126) (27,400)
Net cash used in investing activities (110,967) (709,597)
Cash Flows from Financing Activities:    
Dividends to stockholders (26,381) (24,019)
Proceeds from (Repayments of) Secured Debt (16,908) (6,877)
Payments of Debt Issuance Costs 0 0
Repayments of Long-term Debt (300,636) (610)
Purchases of treasury stock (3,067) (105,803)
Exercise of stock options, net 1,719 3,239
Change in cash collateral for derivative positions and other arrangements (3,628) 40,392
Deposits on universal life and other investment type policies and contracts 202,850 432,684
Withdrawals on universal life and other investment type policies and contracts (201,784) (41,613)
Net cash provided by (used in) financing activities (347,835) 297,393
Effect of exchange rate changes on cash 18,833 20,439
Change in cash and cash equivalents (22,604) (23,193)
Cash and cash equivalents, beginning of period 1,200,718 1,525,275
Cash and cash equivalents, end of period 1,178,114 1,502,082
Supplemental disclosures of cash flow information:    
Interest Paid, Net 46,401 29,112
Income Taxes Paid, Net 12,132 12,322
Transfer to Investments $ 1,653 $ 689