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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash Flows From Operating Activities    
Net income $ 49,614 $ 42,630
Adjustments to reconcile net income to net cash provided by operating activities    
Net accretion of bond premium 11,715 10,909
Depreciation and amortization 4,120 5,989
Stock-based compensation expense 1,436 1,318
Net realized investment gains (7,250) (4,658)
Net cash flows from trading investments 3,836 (337)
Deferred income tax expense (benefit) (4,352) 7,143
Changes in:    
Accrued investment income 1,311 990
Premiums receivable (45,458) (31,244)
Deferred policy acquisition costs (4,640) (4,345)
Reinsurance receivables 13,578 (19,051)
Prepaid reinsurance premiums (475) 3,029
Income taxes receivable 13,612 10,959
Other assets 134 4,575
Future policy benefits and losses, claims and loss settlement expenses 28,404 50,429
Unearned premiums 42,486 35,347
Accrued expenses and other liabilities 9,027 17,856
Deferred income taxes 4,743 (2,820)
Other, net (3,814) (3,373)
Total adjustments 68,413 82,716
Net cash provided by operating activities 118,027 125,346
Cash Flows From Investing Activities    
Proceeds from sale of available-for-sale investments 23,007 12,003
Proceeds from call and maturity of held-to-maturity investments 557 2,316
Proceeds from call and maturity of available-for-sale investments 370,531 433,619
Proceeds from short-term and other investments 2,569 3,791
Purchase of available-for-sale investments (468,934) (557,257)
Purchase of short-term and other investments (3,475) (9,000)
Net purchases and sales of property and equipment (4,589) (1,391)
Net cash used in investing activities (80,334) (115,919)
Policyholders’ account balances    
Deposits to investment and universal life contracts 97,893 109,900
Withdrawals from investment and universal life contracts (146,001) (106,978)
Repayment of short-term debt 0 (45,000)
Repayment of trust preferred securities 0 (15,626)
Payment of cash dividends (12,910) (11,455)
Repurchase of common stock (99) (2,900)
Issuance of common stock 3,075 760
Tax impact from issuance of common stock (426) (89)
Net cash used in financing activities (58,468) (71,388)
Net Change in Cash and Cash Equivalents (20,775) (61,961)
Cash and Cash Equivalents at Beginning of Period 107,466 144,527
Cash and Cash Equivalents at End of Period $ 86,691 $ 82,566