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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities    
Net income $ 181,490 $ 175,176
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Realized investment losses (gains) (28,559) 9,230
Amortization of deferred policy acquisition costs and value of business acquired 127,185 124,024
Capitalization of deferred policy acquisition costs (163,676) (131,865)
Depreciation expense 4,404 4,527
Deferred income tax 87,166 (32,792)
Accrued income tax 30,840 (11,533)
Interest credited to universal life and investment products 448,223 485,550
Policy fees assessed on universal life and investment products (442,576) (379,426)
Change in reinsurance receivables (26,793) (70,862)
Change in accrued investment income and other receivables 10,675 4,801
Change in policy liabilities and other policyholders' funds of traditional life and health products 63,368 60,603
Trading securities:    
Maturities and principal reductions of investments 101,838 151,362
Sale of investments 167,872 332,332
Cost of investments acquired (245,520) (470,663)
Other net change in trading securities 13,544 32,547
Change in other liabilities (91,691) (115,963)
Other income - gains on repurchase of non-recourse funding obligations (3,359) (35,456)
Other, net (43,064) 20,119
Net cash provided by operating activities 191,367 151,711
Cash flows from investing activities    
Maturities and principal reductions of investments, available-for-sale 489,364 629,778
Sale of investments, available-for-sale 1,336,778 1,178,337
Cost of investments acquired, available-for-sale (2,684,864) (2,039,344)
Change in investments, held-to-maturity (35,000)  
Mortgage loans:    
New lendings (171,997) (143,721)
Repayments 345,704 288,402
Change in investment real estate, net 4,148 8,892
Change in policy loans, net 9,611 9,044
Change in other long-term investments, net (122,295) (41,388)
Change in short-term investments, net 18,431 (30,497)
Net unsettled security transactions 51,883 59,803
Purchase of property and equipment (10,865) (3,667)
Sales of property and equipment 57  
Net cash used in investing activities (769,045) (84,361)
Cash flows from financing activities    
Borrowings under line of credit arrangements and debt 380,000 342,500
Principal payments on line of credit arrangement and debt (320,000) (361,650)
Issuance (repayment) of non-recourse funding obligations 18,900 (110,800)
Repurchase program borrowings 190,000 200,000
Dividends to shareowners (29,763) (27,618)
Repurchase of common stock   (52,752)
Investment product deposits and change in universal life deposits 1,718,353 1,711,087
Investment product withdrawals (1,492,901) (1,809,786)
Other financing activities, net   (5,752)
Net cash provided by (used in) financing activities 464,589 (114,771)
Change in cash (113,089) (47,421)
Cash at beginning of period 368,801 267,298
Cash at end of period $ 255,712 $ 219,877