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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities  
Net income$ 249,444$ 181,321
Adjustments to reconcile net income to net cash provided by operating activities:  
Realized investment losses (gains)(31,145)46,886
Amortization of deferred policy acquisition costs and value of business acquired237,833146,761
Capitalization of deferred policy acquisition costs(361,644)(365,499)
Depreciation expense6,7777,184
Deferred income tax30,148(5,813)
Accrued income tax34,440112,281
Interest credited to universal life and investment products740,328658,488
Policy fees assessed on universal life and investment products(528,739)(471,383)
Change in reinsurance receivables(27,540)(230,423)
Change in accrued investment income and other receivables(31,583)(38,996)
Change in policy liabilities and other policyholders' funds of traditional life and health products7,227328,042
Trading securities:  
Maturities and principal reductions of investments228,405262,153
Sale of investments655,607555,904
Cost of investments acquired(736,587)(769,120)
Other net change in trading securities31,30720,078
Change in other liabilities47,11423,478
Other income - surplus note repurchase(36,962)(13,337)
Other, net(5,004)126,490
Net cash provided by operating activities509,426574,495
Cash flows from investing activities  
Maturities and principal reductions of investments, available-for-sale1,144,2281,372,385
Sale of investments, available-for-sale2,251,0342,807,438
Cost of investments acquired, available-for sale(4,184,350)(5,274,565)
Mortgage loans:  
New borrowings(408,602)(231,931)
Repayments344,921249,363
Change in investment real estate, net521(1,127)
Change in policy loans, net13,80627,062
Change in other long-term investments, net36,367(138,419)
Change in short-term investments, net129,129517,278
Net unsettled security transactions127,62180,412
Purchase of property and equipment(12,896)(7,050)
Payments for business acquisitions, net of cash acquired of $35,959(209,609) 
Net cash used in investing activities(767,830)(599,154)
Cash flows from financing activities  
Borrowings under line of credit arrangements and debt20,000116,000
Principal payments on line of credit arrangement and debt(26,852)(275,000)
Issuance (repayment) of non-recourse funding obligations(117,600)(27,000)
Reverse repurchase borrowings157,103 
Dividends to shareowners(39,264)(34,257)
Repurchase of common stock(58,480) 
Investments product deposits and change in universal life deposits3,413,5672,652,811
Investment product withdrawals(2,998,684)(2,459,566)
Other financing activities, net(23,324)(2,314)
Net cash provided by (used in) financing activities326,466(29,326)
Change in cash68,062(53,985)
Cash at beginning of period264,425205,325
Cash at end of period$ 332,487$ 151,340