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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
1 Months Ended 11 Months Ended 12 Months Ended
Jan. 31, 2015
Dec. 31, 2015
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities        
Net income   $ 268,299 $ 1,106,532 $ 393,029
Adjustments to reconcile net income to net cash provided by operating activities:        
Realized investment (gains) losses   163,882 196,142 (32,623)
Amortization of deferred policy acquisition costs and value of business acquired   94,056 78,221 149,064
Capitalization of deferred policy acquisition costs   (296,795) (333,252) (327,938)
Depreciation and amortization expense   49,741 62,609 37,504
Deferred income tax   130,072 (697,727) 247,687
Accrued income tax   65,415 40,280 (162,619)
Interest credited to universal life and investment products   682,836 692,993 699,227
Policy fees assessed on universal life and investment products   (1,056,092) (1,354,685) (1,262,166)
Change in reinsurance receivables   187,269 248,148 222,302
Change in accrued investment income and other receivables   24,202 (6,643) (36,360)
Change in policy liabilities and other policyholders' funds of traditional life and health products   (164,232) (294,205) (208,075)
Trading securities:        
Maturities and principal reductions of investments   114,501 165,575 154,633
Sale of investments   135,465 281,441 459,802
Cost of investments acquired   (220,094) (355,410) (532,429)
Other net change in trading securities   73,376 9,151 22,427
Amortization of premiums and accretion of discounts on investments and mortgage loans   373,636 319,582 375,044
Change in other liabilities   (206,765) 138,304 132,220
Other, net   (63,144) (101,784) (81,091)
Net cash provided by operating activities   355,628 195,272 249,638
Cash flows from investing activities        
Maturities and principal reductions of investments, available-for-sale   1,052,198 696,574 1,299,753
Sale of investments, available-for-sale   1,336,350 1,802,215 1,956,302
Cost of investments acquired, available-for-sale   (3,546,474) (4,029,233) (4,982,907)
Change in investments, held-to-maturity   65,000 (47,000) 2,181,000
Mortgage loans:        
New lendings   (1,466,020) (1,671,929) (1,396,283)
Repayments   1,306,034 923,347 863,873
Change in investment real estate, net   (3,662) (104) 2,851
Change in policy loans, net   52,364 34,625 49,268
Change in other long-term investments, net   (73,907) (91,518) (250,557)
Change in short-term investments, net   (11,221) (279,191) (72,810)
Net unsettled security transactions   (64,615) (19,023) 28,853
Purchase of property and equipment   (8,862) (37,533) (5,295)
Cash received from or paid for acquisitions, net of cash acquired   0 0 320,967
Net cash (used in) provided by investing activities   (1,492,815) (2,624,770) (4,366,985)
Cash flows from financing activities        
Borrowings under line of credit arrangements and debt   330,000 1,035,000 265,000
Principal payments on line of credit arrangement and debt   (338,093) (1,156,498) (633,074)
Issuance (repayment) of non-recourse funding obligations   65,000 (47,000) 2,094,700
Proceeds from (Repayments of) Secured Debt   388,185 220,028 359,536
Dividends to shareowners   0 (143,848) (89,343)
Investment product and universal life deposits   3,064,373 4,683,121 4,393,596
Investment product and universal life withdrawals   (2,438,916) (2,256,981) (2,320,958)
Other financing activities, net   0 (196) 0
Net cash provided by (used in) financing activities   1,070,549 2,333,626 4,069,457
Change in cash   (66,638) (95,872) (47,890)
Cash at beginning of period   462,710 348,182 396,072
Cash at end of period $ 462,710 396,072 $ 252,310 $ 348,182
Predecessor        
Cash flows from operating activities        
Net income 1,509      
Adjustments to reconcile net income to net cash provided by operating activities:        
Realized investment (gains) losses 42,602      
Amortization of deferred policy acquisition costs and value of business acquired 4,072      
Capitalization of deferred policy acquisition costs (22,489)      
Depreciation and amortization expense 820      
Deferred income tax 30,791      
Accrued income tax (32,803)      
Interest credited to universal life and investment products 79,088      
Policy fees assessed on universal life and investment products (90,288)      
Change in reinsurance receivables (85,081)      
Change in accrued investment income and other receivables (5,789)      
Change in policy liabilities and other policyholders' funds of traditional life and health products 176,980      
Trading securities:        
Maturities and principal reductions of investments 17,946      
Sale of investments 26,422      
Cost of investments acquired (27,289)      
Other net change in trading securities (26,901)      
Amortization of premiums and accretion of discounts on investments and mortgage loans 12,930      
Change in other liabilities 238,592      
Other, net (149,889)      
Net cash provided by operating activities 191,223      
Cash flows from investing activities        
Maturities and principal reductions of investments, available-for-sale 59,028      
Sale of investments, available-for-sale 191,062      
Cost of investments acquired, available-for-sale (149,887)      
Change in investments, held-to-maturity 0      
Mortgage loans:        
New lendings (100,530)      
Repayments 45,741      
Change in investment real estate, net 7      
Change in policy loans, net 6,365      
Change in other long-term investments, net (25,339)      
Change in short-term investments, net (40,314)      
Net unsettled security transactions 37,510      
Purchase of property and equipment (649)      
Cash received from or paid for acquisitions, net of cash acquired 0      
Net cash (used in) provided by investing activities 22,994      
Cash flows from financing activities        
Borrowings under line of credit arrangements and debt 0      
Principal payments on line of credit arrangement and debt (60,000)      
Issuance (repayment) of non-recourse funding obligations 0      
Proceeds from (Repayments of) Secured Debt 0      
Dividends to shareowners 0      
Investment product and universal life deposits 169,233      
Investment product and universal life withdrawals (240,147)      
Other financing activities, net (4)      
Net cash provided by (used in) financing activities (130,918)      
Change in cash 83,299      
Cash at beginning of period 379,411 $ 462,710    
Cash at end of period $ 462,710