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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net income $ 66,301 $ 56,327
Adjustments to reconcile net income to net cash provided by operating activities:    
Interest credited to account balances 80,152 82,699
Charges for mortality, surrenders and administration (62,978) (60,081)
Net realized (gains) losses on investments (9,665) 2,705
Change in fair value of derivatives (1,242) (3,089)
Increase in liabilities for life insurance and other future policy benefits 34,593 38,308
Deferral of acquisition costs (22,628) (22,244)
Amortization of deferred acquisition costs and value of insurance in force 17,176 20,318
Change in reinsurance recoverable 742 5,097
Provision for deferred income taxes 3,020 (4,190)
Other (19,850) 11,362
Net cash provided by operating activities 85,621 127,212
Sales, maturities or repayments:    
Fixed maturities - available for sale 314,460 352,051
Equity securities - available for sale 5,085 0
Mortgage loans 49,386 36,861
Derivative instruments 7,314 8,912
Policy loans 18,057 19,030
Securities and indebtedness of related parties 4,466 3,021
Other long-term investments 2,950 3,524
Acquisitions:    
Fixed maturities - available for sale (346,440) (529,344)
Equity securities - available for sale (13,092) (2,283)
Mortgage loans (25,902) (47,936)
Derivative instruments (9,766) (7,049)
Policy loans (20,937) (22,470)
Securities and indebtedness of related parties (11,476) (8,409)
Other long-term investments (2,788) (6,531)
Short-term investments, net change 6,192 1,866
Purchases and disposals of property and equipment, net (7,931) (6,067)
Net cash used in investing activities (30,422) (204,824)
Financing activities    
Contract holder account deposits 316,988 402,751
Contract holder account withdrawals (311,187) (311,878)
Dividends paid (60,723) (60,244)
Proceeds from Issuance of Debt 4,000 27,000
Repayments of Debt (4,000) 0
Issuance or repurchase of common stock, net (5,458) (9,023)
Proceeds from (Payments for) Other Financing Activities 0 15
Net cash provided by (used in) financing activities (60,380) 48,621
Decrease in cash and cash equivalents (5,181) (28,991)
Cash and cash equivalents at beginning of period 19,035 52,696
Cash and cash equivalents at end of period 13,854 23,705
Supplemental disclosures of cash flow information    
Cash paid during the period for interest (2,426) (2,425)
Cash (paid) received during the period for income taxes $ (30) $ (20)