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Unaudited Interim Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 24,907 $ 21,042
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Policy charges and fee income (11,802) (9,068) [1]
Interest credited to policyholders’ account balances 22,178 19,058
Realized investment (gains) losses, net (5,553) 11,166
Amortization and other non-cash items 2,238 (7,220)
Change in:    
Future policy benefits 161,149 148,113
Reinsurance recoverables (143,500) (133,304)
Accrued investment income (1,445) (1,046)
Net payables to/receivables from parent and affiliates (5,474) (1,306)
Deferred policy acquisition costs (30,587) (7,803)
Income taxes (10,410) (8,684)
Derivatives, net (292) (1,378)
Other, net (1,756) (16,605)
Cash flows from (used in) operating activities (347) 12,965
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, available-for-sale 19,910 33,123
Equity securities 84 3,298
Policy loans 13,902 12,885
Ceded policy loans (693) (713)
Commercial mortgage and other loans 6,794 6,576
Other invested assets 1,391 1,161
Payments for the purchase/origination of:    
Fixed maturities, available-for-sale (90,832) (111,939)
Fixed maturities, trading 0 3,045
Equity securities 0 (50)
Policy loans (13,334) (12,010)
Ceded policy loans 3,077 1,036
Commercial mortgage and other loans (2,552) (10,557)
Other invested assets (6,758) (8,939)
Notes receivable from parent and affiliates, net 145 6,127
Derivatives, net (1,252) 25
Other, net 98 (139)
Cash flows from (used in) investing activities (70,020) (83,161)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Policyholders’ account deposits 272,218 284,528
Ceded policyholders’ account deposits (179,733) (172,340)
Policyholders’ account withdrawals (166,760) (173,074) [1]
Ceded policyholders’ account withdrawals 125,471 113,527
Net change in securities sold under agreement to repurchase and cash collateral for loaned securities 219 (256)
Contributed (distributed) capital - parent/child asset transfers (5,567) 0
Net change in all other financing arrangements (maturities 90 days or less) (89) 0
Drafts outstanding 4,456 (2,054)
Other, net 5,348 (4,935) [1]
Cash flows from (used in) financing activities 55,563 45,396
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (14,804) (24,800)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 55,924 70,441
CASH AND CASH EQUIVALENTS, END OF PERIOD 41,120 45,641
Significant Non-Cash Transactions    
Non-cash assets received $ 85,000 $ 0
[1] Prior period amounts have been revised to correct an error. See Note 11 for details.