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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net income $ 107,219 $ 113,473 $ 109,869
Adjustments to reconcile net income to net cash provided by operating activities:      
Interest credited to account balances 153,856 152,467 149,528
Charges for mortality, surrenders and administration (111,792) (108,250) (105,100)
Net realized (gains) losses on investments 1,763 (10,489) (2,938)
Change in the fair value of derivatives (828) (1,098) (1,353)
Increase in traditional life and accident and health benefit liabilities 91,080 76,474 65,999
Deferral of acquisition costs (42,553) (43,215) (41,409)
Amortization of deferred acquisition costs and value of insurnace in force 30,898 38,306 37,171
Change in reinsurance recoverable (1,392) (2,651) (1,246)
Provision for deferred income taxes 9,550 6,840 7,774
Other 1,993 3,053 (9,537)
Net cash provided by operating activities 239,794 224,910 208,758
Sales, maturities or repayments:      
Fixed maturities - available for sale 539,657 615,811 511,246
Equity securities - available for sale 5,532 14,921 1,840
Mortgage loans 81,425 42,429 43,634
Derivative instruments 2,987 3,899 1,760
Policy loans 35,458 35,406 33,704
Securities and indebtedness of related parties 10,086 27,789 2,997
Other investments 171 0 0
Acquisitions:      
Fixed maturities - available for sale (829,184) (871,406) (777,547)
Equity securities - available for sale (11,057) (23,833) (19,178)
Mortgage loans (160,005) (155,815) (96,623)
Derivative instruments (6,847) (4,122) (2,399)
Policy loans (37,928) (38,688) (39,213)
Securities and indebtedness of related parties (17,927) (26,213) (20,317)
Short-term investments, net change 11,903 20,334 60,092
Purchases and disposals of property and equipment, net (11,787) (9,869) (8,639)
Net cash provided by (used in) investing activities (387,516) (369,357) (308,643)
Financing activities      
Contract holder account deposits 600,383 586,072 608,435
Contract holder account withdrawals (344,664) (415,262) (396,795)
Proceeds from the issuance of short-term debt 0 15,000 0
Repayments of debt (15,000) 0 0
Receipts related to noncontrolling interests, net 12 64 60
Excess tax deductions on stock-based compensation 846 1,362 1,199
Issuance (repurchase) of common stock, net 1,840 (584) (8,003)
Dividends paid (91,602) (89,347) (34,749)
Net cash provided by (used in) financing activities 151,815 97,305 170,147
Increase in cash and cash equivalents 4,093 (47,142) 70,262
Cash and cash equivalents at beginning of period 29,490 76,632 6,370
Cash and cash equivalents at end of period 33,583 29,490 76,632
Supplemental disclosures of cash flow information      
Cash paid during the period for interest (4,854) (4,850) (4,850)
Cash paid during the period for income taxes $ (20,894) $ (27,701) $ (22,802)