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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities    
Net income $ 203,130 $ 248,394
Adjustments to reconcile net income to net cash provided by operating activities:    
Realized investment losses (gains) 48,596 9,039
Amortization of deferred policy acquisition costs and value of business acquired 117,115 129,026
Capitalization of deferred policy acquisition costs (245,751) (216,281)
Depreciation expense 6,570 6,370
Deferred income tax 115,117 (47,723)
Accrued income tax 48,699 14,104
Interest credited to universal life and investment products 532,396 731,934
Policy fees assessed on universal life and investment products (659,058) (579,812)
Change in reinsurance receivables 99,719 (93,959)
Change in accrued investment income and other receivables (30,645) (4,430)
Change in policy liabilities and other policyholders' funds of traditional life and health products 258,684 218,218
Trading securities:    
Maturities and principal reductions of investments 152,948 212,048
Sale of investments 220,711 365,809
Cost of investments acquired (297,558) (528,753)
Other net change in trading securities (9,069) 13,758
Change in other liabilities (41,161) (115,689)
Other income - gains on repurchase of non-recourse funding obligations (1,250) (29,344)
Other, net (37,109) 69,916
Net cash provided by operating activities 482,084 402,625
Cash flows from investing activities    
Maturities and principal reductions of investments, available-for-sale 752,754 904,876
Sale of investments, available-for-sale 1,730,095 1,959,184
Cost of investments acquired, available-for-sale (3,073,905) (3,113,371)
Change in investments, held-to-maturity (50,000)  
Mortgage loans:    
New lendings (392,758) (252,727)
Repayments 541,597 499,524
Change in investment real estate, net (3,805) 2,447
Change in policy loans, net 9,058 10,212
Change in other long-term investments, net (203,622) (97,855)
Change in short-term investments, net (11,574) (38,561)
Net unsettled security transactions 31,686 69,845
Purchase of property and equipment (16,611) (5,405)
Net cash used in investing activities (687,085) (61,831)
Cash flows from financing activities    
Issuance (repayment) of non-recourse funding obligations 45,000 (91,700)
Repurchase program borrowings (50,000) 280,000
Dividends paid to the parent company (44,963) (257,000)
Investment product deposits and change in universal life deposits 2,413,676 2,641,899
Investment product withdrawals (2,198,547) (3,002,824)
Other financing activities, net   (1,378)
Net cash provided by (used in) financing activities 165,166 (431,003)
Change in cash (39,835) (90,209)
Cash at beginning of period 269,582 169,775
Cash at end of period $ 229,747 $ 79,566