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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 162,540 $ 141,924
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Change in future policy benefits and other policy liabilities 177,744 167,886
Deferral of policy acquisition costs (281,397) (243,346)
Amortization of deferred policy acquisition costs 127,277 113,392
Change in income taxes 51,598 31,349
Realized investment (gains) losses, including other-than-temporary impairments (2,623) (1,623)
Accretion and amortization of investments (1,091) (1,094)
Depreciation and amortization 10,879 8,201
Change in due from reinsurers (34,907) (33,248)
Change in agent balances, due premiums and other receivables (36,160) (21,553)
Trading securities sold, matured, or called (acquired), net (6,917) 1,143
Share-based compensation 11,754 12,918
Change in other operating assets and liabilities, net (13,809) (34,957)
Net cash provided by (used in) operating activities 164,888 140,992
Available-for-sale investments sold, matured or called:    
Fixed-maturity securities — sold 76,540 104,097
Fixed-maturity securities — matured or called 195,803 201,722
Equity securities 4,864 4,700
Available-for-sale investments acquired:    
Fixed-maturity securities (228,986) (264,457)
Equity securities (1,074) (794)
Purchases of property and equipment and other investing activities, net (11,410) (5,924)
Cash collateral received (returned) on loaned securities, net 24,361 33,009
Sales (purchases) of short-term investments using securities lending collateral, net (24,361) (33,009)
Net cash provided by (used in) investing activities 35,737 39,344
Cash flows from financing activities:    
Dividends paid (24,956) (24,915)
Common stock repurchased (131,570) (181,121)
Excess tax benefits on share-based compensation 1,684 4,624
Tax withholdings on share-based compensation (3,757) (6,101)
Cash proceeds from stock options exercised   136
Net cash provided by (used in) financing activities (158,599) (207,377)
Effect of foreign exchange rate changes on cash 1,003 (4,395)
Change in cash and cash equivalents 43,029 (31,436)
Cash and cash equivalents, beginning of period 152,294 191,997
Cash and cash equivalents, end of period $ 195,323 $ 160,561