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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Cash flows from operating activities      
Net Income (Loss) Attributable to Parent $ 715,842 $ 1,822,181 $ 701,443
Change in operating assets and liabilities:      
Accrued investment income 7,159 (43,142) (18,761)
Premiums receivable and other reinsurance balances (764,159) (346,737) (156,836)
Deferred policy acquisition costs (107,325) 154,234 31,024
Reinsurance ceded receivable balances 66,298 (124,056) (53,221)
Future policy benefits, other policy claims and benefits, and other reinsurance balances 1,593,065 1,320,810 810,474
Deferred income taxes 76,507 (847,304) 293,777
Other assets and other liabilities, net (162,835) 242,466 (98,675)
Amortization of net investment premiums, discounts and other (57,378) (105,382) (93,952)
Depreciation, Depletion and Amortization 45,127 52,902 26,853
Investment related (gains) losses, net 170,088 (167,880) (94,195)
Excess tax benefits from share-based payment arrangement 0 0 (162)
Other, net (1,268) 24,216 117,949
Net cash provided by operating activities 1,581,121 1,982,308 1,465,718
Cash flows from investing activities      
Sales of fixed maturity securities available-for-sale 9,339,632 7,308,608 4,584,828
Principal payments on mortgage loans on real estate 626,650 589,214 472,435
Proceeds from Sale of Available-for-sale Securities, Equity 45,863 207,347 434,518
Proceeds from Sale and Collection of Mortgage Notes Receivable 445,360 339,919 442,755
Proceeds from Collection of Policy Loans 57,352 114,586 88,840
Payments to Acquire Available-for-sale Securities (9,724,190) (8,941,293) (7,414,647)
Payments to Acquire Available-for-sale Securities, Equity (13,428) (81,254) (584,532)
Purchases of fixed maturity securities available-for-sale (1,019,212) (964,421) (1,092,876)
Payments to Fund Policy Loans (44,708) (44,607) (47,646)
Cash invested in funds withheld at interest (53,626) (22,557) (32,597)
Purchase of businesses, net of cash acquired of $4,988 (31,441) 0 0
Payments to Acquire Property, Plant, and Equipment (28,891) (44,211) (44,642)
Change in short-term investments 129,329 52,302 465,628
Change in other invested assets (365,242) (121,206) (97,790)
Net cash used in investing activities (636,552) (1,607,573) (2,825,726)
Cash flows from financing activities      
Dividends to stockholders (140,110) (117,291) (100,371)
Repayment of collateral finance and securitization notes (96,354) (68,429) (64,571)
Proceeds from long-term debt issuance 0 0 799,984
Debt issuance costs 0 0 (8,766)
Principal payments of long-term debt (2,690) (302,582) (2,479)
Purchases of treasury stock (299,679) (43,508) (122,916)
Excess tax benefits from share-based payment arrangement 0 0 162
Exercise of stock options, net 3,459 7,292 15,321
Change in cash collateral for derivative positions and other arrangements 43,607 (65,422) 26,413
Deposits on universal life and other investment type policies and contracts 864,193 1,017,699 1,041,623
Withdrawals on universal life and other investment type policies and contracts (694,399) (752,381) (529,011)
Net cash used in financing activities (321,973) (324,622) 1,055,389
Effect of exchange rate changes on cash (36,387) 52,693 (19,938)
Change in cash and cash equivalents 586,209 102,806 (324,557)
Cash and cash equivalents, beginning of period 1,303,524 1,200,718 1,525,275
Cash and cash equivalents, end of period 1,889,733 1,303,524 1,200,718
Supplementary information:      
Interest paid 170,191 173,471 156,727
Income taxes paid, net of refunds 141,703 37,098 61,085
Transfer to Investments 4,636,099 3,285,837 120,500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities (38,350) 0 0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets $ 69,791 $ 0 $ 0