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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities    
Net income $ 78,291 $ 99,021
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Realized investment losses (gains) 1,344 12,947
Amortization of deferred policy acquisition costs and value of business acquired 52,239 56,836
Capitalization of deferred policy acquisition costs (63,154) (63,971)
Depreciation expense 2,205 2,326
Deferred income tax 38,963 (23,126)
Accrued income tax 35,609 73,508
Interest credited to universal life and investment products 223,468 243,608
Policy fees assessed on universal life and investment products (222,969) (188,790)
Change in reinsurance receivables (36,723) (29,191)
Change in accrued investment income and other receivables (6,367) (9,776)
Change in policy liabilities and other policyholders' funds of traditional life and health products 34,278 (11,714)
Trading securities:    
Maturities and principal reductions of investments 54,121 98,457
Sale of investments 40,031 273,030
Cost of investments acquired (65,419) (371,030)
Other net change in trading securities (11,225) 17,623
Change in other liabilities (55,658) (117,178)
Other income - gains on repurchase of non-recourse funding obligations (1,250) (35,456)
Other, net (708) 4,899
Net cash provided by operating activities 97,076 32,023
Cash flows from investing activities    
Maturities and principal reductions of investments, available-for-sale 229,316 314,920
Sale of investments, available-for-sale 652,347 719,031
Cost of investments acquired, available-for-sale (1,436,523) (1,198,459)
Change in investments, held-to-maturity (15,000)  
Mortgage loans:    
New lendings (42,919) (81,226)
Repayments 156,924 117,107
Change in investment real estate, net 924 (1,754)
Change in policy loans, net 3,189 1,969
Change in other long-term investments, net (43,089) (83,836)
Change in short-term investments, net 60,888 (30,950)
Net unsettled security transactions 48,166 93,942
Purchase of property and equipment (6,140) (1,824)
Sales of property and equipment 57  
Net cash used in investing activities (391,860) (151,080)
Cash flows from financing activities    
Borrowings under line of credit arrangements and debt 40,000 25,000
Principal payments on line of credit arrangement and debt (50,000) (65,000)
Issuance (repayment) of non-recourse funding obligations 10,000 (110,800)
Repurchase program borrowings 150,000 221,569
Dividends to shareowners (14,070) (13,073)
Repurchase of common stock   (25,977)
Investment product deposits and change in universal life deposits 798,912 894,572
Investment product withdrawals (733,756) (895,493)
Other financing activities, net   (3,686)
Net cash provided by financing activities 201,086 27,112
Change in cash (93,698) (91,945)
Cash at beginning of period 368,801 267,298
Cash at end of period $ 275,103 $ 175,353