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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows From Operating Activities    
Net income $ 25,541 $ 38,697
Adjustments to reconcile net income to net cash provided by operating activities    
Net accretion of bond premium 7,076 7,126
Depreciation and amortization 3,179 3,234
Stock-based compensation expense 1,865 1,200
Net realized investment gains (3,651) (1,656)
Net cash flows from trading investments 256 652
Deferred income tax benefit (1,761) (2,742)
Changes in:    
Accrued investment income 235 799
Premiums receivable (63,334) (53,776)
Deferred policy acquisition costs (11,007) (14,557)
Reinsurance receivables (7,413) 12,918
Prepaid reinsurance premiums (363) (342)
Income taxes receivable (12,341) (6,042)
Other assets 47 196
Future policy benefits and losses, claims and loss settlement expenses 78,807 43,735
Unearned premiums 60,851 53,048
Accrued expenses and other liabilities 7,083 15,679
Income taxes payable (4,917) (5,012)
Deferred income taxes (550) (434)
Other, net 1,474 (1,467)
Total adjustments 55,536 52,559
Net cash provided by operating activities 81,077 91,256
Cash Flows From Investing Activities    
Proceeds from sale of available-for-sale investments 3,042 8,228
Proceeds from call and maturity of held-to-maturity investments 14 41
Proceeds from call and maturity of available-for-sale investments 311,478 374,173
Proceeds from short-term and other investments 1,412 3,833
Purchase of available-for-sale investments (338,213) (384,065)
Purchase of short-term and other investments (415) (3,583)
Net purchases and sales of property and equipment (2,825) (3,711)
Net cash used in investing activities (25,507) (5,084)
Policyholders’ account balances    
Deposits to investment and universal life contracts 45,467 57,340
Withdrawals from investment and universal life contracts (81,672) (129,814)
Payment of cash dividends (11,898) (10,503)
Repurchase of common stock 0 (1,443)
Issuance of common stock 6,138 1,375
Tax impact from issuance of common stock (354) (319)
Net cash used in financing activities (42,319) (83,364)
Net Change in Cash and Cash Equivalents 13,251 2,808
Cash and Cash Equivalents at Beginning of Period 106,449 90,574
Cash and Cash Equivalents at End of Period $ 119,700 $ 93,382