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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities    
Net income $ 83,639 $ 78,291
Adjustments to reconcile net income to net cash provided by operating activities:    
Realized investment losses 34,827 1,344
Amortization of deferred policy acquisition costs and value of business acquired 55,582 52,239
Capitalization of deferred policy acquisition costs (58,461) (63,154)
Depreciation expense 1,865 2,205
Deferred income tax (19,101) 38,963
Accrued income tax 48,333 35,609
Interest credited to universal life and investment products 210,800 223,468
Policy fees assessed on universal life and investment products (253,394) (222,969)
Change in reinsurance receivables (19,016) (36,723)
Change in accrued investment income and other receivables (13,635) (6,367)
Change in policy liabilities and other policyholders' funds of traditional life and health products 17,791 34,278
Trading securities:    
Maturities and principal reductions of investments 25,257 54,121
Sale of investments 47,457 40,031
Cost of investments acquired (37,070) (65,419)
Other net change in trading securities (20,589) (11,225)
Change in other liabilities 2,744 (55,658)
Other income - gains on repurchase of non-recourse funding obligations   (1,250)
Other, net (38,293) (708)
Net cash provided by operating activities 68,736 97,076
Cash flows from investing activities    
Maturities and principal reductions of investments, available-for-sale 221,379 229,316
Sale of investments, available-for-sale 351,930 652,347
Cost of investments acquired, available-for-sale (900,641) (1,436,523)
Change in investments, held-to-maturity (20,000) (15,000)
Mortgage loans:    
New lendings (126,896) (42,919)
Repayments 222,646 156,924
Change in investment real estate, net 62 924
Change in policy loans, net 22,634 3,189
Change in other long-term investments, net (73,019) (43,089)
Change in short-term investments, net (41,199) 60,888
Net unsettled security transactions 45,145 48,166
Purchase of property and equipment (3,073) (6,140)
Sales of property and equipment   57
Net cash used in investing activities (301,032) (391,860)
Cash flows from financing activities    
Borrowings under line of credit arrangements and debt 25,000 40,000
Principal payments on line of credit arrangement and debt (100,000) (50,000)
Issuance (repayment) of non-recourse funding obligations 19,989 10,000
Repurchase program borrowings 125,000 150,000
Dividends to shareowners (15,722) (14,070)
Investment product deposits and change in universal life deposits 696,229 798,912
Investment product withdrawals (577,210) (733,756)
Net cash provided by financing activities 173,286 201,086
Change in cash (59,010) (93,698)
Cash at beginning of period 466,542 368,801
Cash at end of period $ 407,532 $ 275,103