XML 85 R115.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Schedule II - Condensed Financial Information of Registrant (Statements of Cash Flows (Parent Company)) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:                      
Net income $ 119,306 $ 165,208 $ 216,709 $ 180,722 $ 132,357 $ 161,920 $ 180,075 $ 166,397 $ 681,944 $ 640,749 $ 549,094
Adjustments to reconcile net income to net cash from operating activities:                      
Depreciation and amortization                 113,387 131,108 112,956
Stock incentive plans                 49,274 36,591 40,490
Change in:                      
Other liabilities                 (19,506) (48,770) 66,482
Net cash from operating activities                 1,143,793 620,199 710,883
Cash from (used) in investing activities:                      
Proceeds from sale of fixed maturity securities                 2,093,271 3,525,149 4,035,162
Proceeds from maturities and prepayments of fixed maturity securities                 2,933,980 2,676,455 3,556,744
Cost of purchases of fixed maturity securities                 (5,352,886) (6,677,753) (7,940,957)
Change in loans receivable                 3,481 (13,204) 27,135
Change in balances due from security brokers                 2,844 4,262 (4,372)
Net additions to real estate, furniture & equipment                 (60,457) (49,860) (115,719)
Other, net                 (21,391) (17,740) (6,043)
Net cash used in investing activities                 (424,871) (714,244) (333,464)
Cash used in financing activities:                      
Purchase of common treasury shares                 (18,225) (24,750) (47,807)
Cash dividends to common stockholders                 (308,191) (254,951) (188,199)
Net cash used in financing activities                 (513,193) (7,403) (235,086)
Net increase (decrease) in cash and cash equivalents                 206,108 (132,869) 155,186
Cash and cash equivalents at beginning of year       817,602       950,471 817,602 950,471 795,285
Cash and cash equivalents at end of year 1,023,710       817,602       1,023,710 817,602 950,471
Parent Company                      
Cash flows from operating activities:                      
Net income                 681,944 640,749 549,094
Adjustments to reconcile net income to net cash from operating activities:                      
Net investment (gains) losses                 (850) 1,685 4,286
Depreciation and amortization                 7,058 9,441 2,039
Equity in undistributed earnings of subsidiaries                 (496,841) 5,129 (222,390)
Tax payments received from subsidiaries                 192,407 282,084 98,313
Federal income taxes provided by subsidiaries on a separate return basis                 (207,646) (409,439) (115,597)
Stock incentive plans                 28,389 28,531 38,075
Change in:                      
Federal income taxes                 11,841 (77,415) 2,711
Other assets                 (5,343) 1,348 (877)
Other liabilities                 11,866 109,016 18,661
Accrued investment income                 4,395 (2,870) (2,818)
Net cash from operating activities                 227,220 588,259 371,497
Cash from (used) in investing activities:                      
Proceeds from sale of fixed maturity securities                 619,334 668,447 849,330
Proceeds from maturities and prepayments of fixed maturity securities                 435,473 255,528 316,611
Cost of purchases of fixed maturity securities                 (459,418) (1,188,821) (1,329,379)
Change in loans receivable                 (4,250) 1,475 (29,600)
Investments in and advances to subsidiaries, net                 (36,170) (184,597) (21,139)
Change in balances due from security brokers                 245 0 0
Net additions to real estate, furniture & equipment                 (112) (264) (1,055)
Other, net                 142 0 0
Net cash used in investing activities                 555,244 (448,232) (215,232)
Cash used in financing activities:                      
Net proceeds from issuance of senior notes                 290,454 178,562 0
Repayment of senior notes                 (440,651) 0 0
Purchase of common treasury shares                 (18,225) (24,750) (47,807)
Cash dividends to common stockholders                 (308,191) (254,951) (188,199)
Net cash used in financing activities                 (476,613) (101,139) (236,006)
Net increase (decrease) in cash and cash equivalents                 305,851 38,888 (79,741)
Cash and cash equivalents at beginning of year       $ 83,950       $ 45,062 83,950 45,062  
Cash and cash equivalents at end of year $ 389,801       $ 83,950       $ 389,801 $ 83,950 $ 45,062