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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities      
Net income $ 302,452 $ 315,637 $ 224,869
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Realized investment losses (gains) 66,331 (32,222) 25,393
Amortization of deferred policy acquisition costs and value of business acquired 203,565 264,993 164,963
Capitalization of deferred policy acquisition costs (312,684) (366,156) (382,553)
Depreciation expense 7,860 9,171 9,626
Deferred income tax 74,333 85,893 82,516
Accrued income tax 19,956 (5,201) 69,865
Interest credited to universal life and investment products 962,678 993,574 972,806
Policy fees assessed on universal life and investment products (794,825) (712,038) (611,917)
Change in reinsurance receivables (159,930) (27,931) (234,032)
Change in accrued investment income and other receivables (4,757) (31,509) (29,017)
Change in policy liabilities and other policyholders' funds of traditional life and health products 303,211 14,781 337,207
Trading securities:      
Maturities and principal reductions of investments 276,659 283,239 355,831
Sale of investments 454,150 860,474 730,385
Cost of investments acquired (585,618) (950,051) (963,403)
Other net change in trading securities (56,615) 7,933 (25,520)
Change in other liabilities 46,068 (147,244) 10,236
Other income - gains on repurchase of non-recourse funding obligations (35,456) (40,112) (19,027)
Other, net (75,294) 97,382 (7,974)
Net cash provided by operating activities 692,084 620,613 710,254
Cash flows from investing activities      
Maturities and principal reductions of investments, available-for-sale 1,176,422 1,399,830 2,058,678
Sale of investments, available-for-sale 2,548,314 2,955,665 3,426,040
Cost of investments acquired, available-for-sale (4,215,228) (5,158,064) (6,389,859)
Change in investments, held-to-maturity (300,000)    
Mortgage loans:      
New lendings (351,511) (501,500) (353,913)
Repayments 741,402 453,749 364,302
Change in investment real estate, net 10,207 1,483 (2,551)
Change in policy loans, net 14,428 14,190 31,663
Change in other long-term investments, net (121,577) 75,452 (74,555)
Change in short-term investments, net (83,288) 126,225 701,589
Net unsettled security transactions 37,169 68,810 (340)
Purchase of property and equipment (6,248) (17,667) (10,734)
Sales of property and equipment     41
Payments for business acquisitions   (209,609) (348,288)
Net cash used in investing activities (549,910) (791,436) (597,927)
Cash flows from financing activities      
Borrowings under line of credit arrangements and debt 572,500 45,000 132,000
Principal payments on line of credit arrangement and debt (676,650) (26,852) (275,000)
Issuance (repayment) of non-recourse funding obligations 178,200 (124,600) (42,600)
Repurchase program borrowings 150,000    
Dividends to shareowners (56,228) (52,503) (46,250)
Repurchase of common stock (106,201) (82,671)  
Investment product deposits and change in universal life deposits 3,716,553 4,216,738 3,635,447
Investment product withdrawals (3,818,845) (3,777,365) (3,477,430)
Other financing activities, net   (24,051) 20,606
Net cash (used in) provided by financing activities (40,671) 173,696 (53,227)
Change in cash 101,503 2,873 59,100
Cash at beginning of period 267,298 264,425 205,325
Cash at end of period $ 368,801 $ 267,298 $ 264,425