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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities    
Net income $ 274,551 $ 235,656
Adjustments to reconcile net income to net cash provided by operating activities:    
Realized investment losses (gains) (41,696) 29,453
Amortization of deferred policy acquisition costs and value of business acquired 149,631 138,035
Capitalization of deferred policy acquisition costs (240,398) (217,319)
Depreciation expense 6,731 6,741
Deferred income tax 154,457 (45,366)
Accrued income tax 6,857 (4,735)
Interest credited to universal life and investment products 532,396 731,934
Policy fees assessed on universal life and investment products (659,058) (579,812)
Change in reinsurance receivables 60,600 (108,509)
Change in accrued investment income and other receivables 7,370 (6,734)
Change in policy liabilities and other policyholders' funds of traditional life and health products 261,691 219,900
Trading securities:    
Maturities and principal reductions of investments 152,948 212,048
Sale of investments 220,711 365,809
Cost of investments acquired (297,558) (528,753)
Other net change in trading securities (9,069) 13,758
Change in other liabilities (48,694) (49,200)
Other income - gains on repurchase of non-recourse funding obligations (3,359) (35,456)
Other, net (85,008) 5,525
Net cash provided by operating activities 443,103 382,975
Cash flows from investing activities    
Maturities and principal reductions of investments, available-for-sale 752,754 905,085
Sale of investments, available-for-sale 1,718,810 1,960,993
Cost of investments acquired, available-for-sale (3,076,555) (3,084,807)
Change in investments, held-to-maturity (50,000)  
Mortgage loans:    
New lendings (392,883) (256,227)
Repayments 543,297 499,524
Change in investment real estate, net 1,300 9,687
Change in policy loans, net 9,058 10,212
Change in other long-term investments, net (169,668) (96,015)
Change in short-term investments, net (10,912) (39,118)
Net unsettled security transactions 31,686 69,845
Purchase of property and equipment (17,983) (5,474)
Sales of property and equipment 86  
Net cash used in investing activities (661,010) (26,295)
Cash flows from financing activities    
Borrowings under line of credit arrangements and debt 430,000 492,500
Principal payments on line of credit arrangement and debt (380,000) (596,650)
Issuance (repayment) of non-recourse funding obligations 33,900 (110,800)
Repurchase program borrowings (50,000) 280,000
Dividends to shareowners (45,474) (42,027)
Repurchase of common stock   (78,686)
Investment product deposits and change in universal life deposits 2,413,676 2,641,899
Investment product withdrawals (2,198,547) (3,002,824)
Other financing activities, net   (1,378)
Net cash provided by (used in) financing activities 203,555 (417,966)
Change in cash (14,352) (61,286)
Cash at beginning of period 368,801 267,298
Cash at end of period $ 354,449 $ 206,012