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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 115,176 $ 104,502
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Change in future policy benefits and other policy liabilities 139,105 116,415
Deferral of policy acquisition costs (208,391) (183,145)
Amortization of deferred policy acquisition costs 99,710 81,849
Change in income taxes 5,782 36,306
Excess tax benefits on share-based compensation 4,238 1,448
Realized investment (gains) losses, including other-than-temporary impairments (238) (2,657)
Accretion and amortization of investments (684) (723)
Depreciation and amortization 6,994 7,108
Change in due from reinsurers 11,394 (17,062)
Change in agent balances, due premiums and other receivables (13,475) (24,445)
Trading securities sold, matured, or called (acquired), net (8,173) (2,658)
Share-based compensation 11,667 10,031
Change in other operating assets and liabilities, net (43,235) (21,620)
Net cash provided by (used in) operating activities 119,870 105,349
Available-for-sale investments sold, matured or called:    
Fixed-maturity securities — sold 43,232 69,925
Fixed-maturity securities — matured or called 98,904 137,044
Equity securities 562 3,297
Available-for-sale investments acquired:    
Fixed-maturity securities (214,974) (133,604)
Equity securities (212) (986)
Purchases of property and equipment and other investing activities, net (6,194) (10,679)
Cash collateral received (returned) on loaned securities, net 42,229 20,419
Sales (purchases) of short-term investments using securities lending collateral, net (42,229) (20,419)
Net cash provided by (used in) investing activities (78,682) 64,997
Cash flows from financing activities:    
Dividends paid (17,680) (16,446)
Common stock repurchased (75,042) (90,558)
Tax withholdings on share-based compensation (6,497) (3,757)
Net cash provided by (used in) financing activities (99,219) (110,761)
Effect of foreign exchange rate changes on cash 554 1,212
Change in cash and cash equivalents (57,477) 60,797
Cash and cash equivalents, beginning of period 211,976 152,294
Cash and cash equivalents, end of period $ 154,499 $ 213,091