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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows From Operating Activities    
Net income $ 37,909 $ 58,231
Adjustments to reconcile net income to net cash provided by operating activities    
Net accretion of bond premium 10,883 10,534
Depreciation and amortization 4,879 7,706
Stock-based compensation expense 2,731 1,817
Net realized investment gains (6,241) (2,622)
Net cash flows from trading investments (36) 2,663
Deferred income tax benefit (2,187) (3,854)
Changes in:    
Accrued investment income (1,871) (304)
Premiums receivable (54,725) (46,628)
Deferred policy acquisition costs (8,831) (16,884)
Reinsurance receivables (13,632) 12,395
Prepaid reinsurance premiums (212) (266)
Income taxes receivable (11,732) (1,928)
Other assets 545 (1,561)
Future policy benefits and losses, claims and loss settlement expenses 128,657 60,932
Unearned premiums 53,688 50,097
Accrued expenses and other liabilities (6,966) 811
Income taxes payable (4,917) (5,012)
Deferred income taxes 2,196 (499)
Other, net (2,069) (1,221)
Total adjustments 90,160 66,176
Net cash provided by operating activities 128,069 124,407
Cash Flows From Investing Activities    
Proceeds from sale of available-for-sale investments 5,049 8,228
Proceeds from call and maturity of held-to-maturity investments 20 108
Proceeds from call and maturity of available-for-sale investments 428,009 527,365
Proceeds from short-term and other investments 2,235 4,221
Purchase of available-for-sale investments (446,156) (502,086)
Purchase of short-term and other investments (3,091) (4,643)
Net purchases and sales of property and equipment (6,090) (10,763)
Net cash (used in) provided by investing activities (20,024) 22,430
Policyholders’ account balances    
Deposits to investment and universal life contracts 63,967 78,733
Withdrawals from investment and universal life contracts (123,071) (175,840)
Payment of cash dividends (18,246) (16,024)
Repurchase of common stock (2,867) (2,423)
Issuance of common stock 7,149 2,679
Tax impact from issuance of common stock (482) (475)
Net cash used in financing activities (73,550) (113,350)
Net Change in Cash and Cash Equivalents 34,495 33,487
Cash and Cash Equivalents at Beginning of Period 106,449 90,574
Cash and Cash Equivalents at End of Period $ 140,944 $ 124,061