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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities:    
Net income $ 304,604 $ 377,702
Change in operating assets and liabilities:    
Accrued investment income 1,834 (34,676)
Premiums receivable and other reinsurance balances (345,253) (230,650)
Deferred policy acquisition costs 20,528 35,870
Reinsurance ceded receivable balances 18,245 (127,995)
Future policy benefits, other policy claims and benefits, and other reinsurance balances 598,015 745,799
Deferred income taxes 48,117 142,044
Other assets and other liabilities, net (98,807) (63,811)
Amortization of net investment premiums, discounts and other (25,713) (47,563)
Depreciation, Depletion and Amortization 21,554 13,869
Investment related (gains) losses, net 11,042 (116,818)
Other, net 29,422 (37,797)
Net cash provided by operating activities 583,588 655,974
Cash Flows from Investing Activities:    
Sales of fixed maturity securities available-for-sale 3,836,575 4,288,713
Maturities of fixed maturity securities available-for-sale 328,097 313,530
Proceeds from Sale of Available-for-sale Securities, Equity 29,099 166,916
Payments to Acquire Debt Securities, Available-for-sale 3,880,733 5,311,818
Payments to Acquire Available-for-sale Securities, Equity (11,930) (32,299)
Payments to Acquire Mortgage Notes Receivable (376,470) (463,063)
Proceeds from Sale and Collection of Mortgage Notes Receivable 213,691 135,450
Proceeds from Collection of Policy Loans 24,793 26,658
Payments for (Proceeds from) Policy Loans 6,421 5,830
Increase (Decrease) in Funds Held under Reinsurance Agreements 42,761 6,910
Payments to Acquire Businesses, Net of Cash Acquired (29,315) 0
Payments to Acquire Property, Plant, and Equipment (14,573) 31,686
Change in short-term investments (9,843) 22,671
Change in other invested assets (160,824) (55,379)
Net cash used in investing activities (100,615) (889,675)
Cash Flows from Financing Activities:    
Dividends to stockholders (64,370) (52,815)
Proceeds from (Repayments of) Secured Debt (53,102) (23,761)
Repayments of Long-term Debt (1,331) (301,278)
Purchases of treasury stock (165,069) (10,578)
Exercise of stock options, net 1,252 2,527
Change in cash collateral for derivative positions and other arrangements 17,578 (7,046)
Deposits on universal life and other investment type policies and contracts 225,876 917,675
Withdrawals on universal life and other investment type policies and contracts (329,899) (402,528)
Net cash (used in) provided by financing activities (369,065) 122,196
Effect of exchange rate changes on cash (19,753) 34,137
Change in cash and cash equivalents 94,155 (77,368)
Cash and cash equivalents, beginning of period 1,303,524 1,200,718
Cash and cash equivalents, end of period 1,397,679 1,123,350
Supplemental disclosures of cash flow information:    
Interest Paid, Excluding Capitalized Interest, Operating Activities 84,670 90,425
Income Taxes Paid, Net 59,397 26,447
Transfer to Investments 604,374 2,243,360
Noncash or Part Noncash Acquisition, Value of Assets Acquired 65,948 0
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed $ 36,633 $ 0