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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net earnings$ 51,265$ 52,659
Adjustments to reconcile net earnings to net cash from operating activities:  
Universal life and annuity contract interest147,254167,423
Surrender charges and other policy revenues(1,340)(28,569)
Realized (gains) losses on investments(6,520)(1,294)
Accrual and amortization of investment income(2,140)(1,565)
Depreciation and amortization6033,475
(Increase) decrease in value of index options38,77463,860
Increase in deferred policy acquisition and sales inducement costs(52,324)(77,107)
Increase in accrued investment income(10,052)(9,283)
Increase in other assets(2,599)(14,268)
Increase in liabilities for future policy benefits17,25026,109
(Decrease) increase in other policyholder liabilities(3,142)8,104
Decrease in Federal income taxes(4,353)(10,184)
(Decrease) increase in other liabilities(322)554
Other, net0(522)
Net cash provided by operating activities172,354179,392
Proceeds from sales of:  
Securities available for sale19,24828,778
Other investments4,7323,544
Proceeds from maturities and redemptions of:  
Securities held to maturity375,016534,123
Securities available for sale89,37953,767
Index options73,98031,302
Purchases of:  
Securities held to maturity(884,205)(1,137,958)
Securities available for sale(263,937)(292,976)
Index options(50,239)(41,234)
Other investments(10,361)(531)
Principal payments on mortgage loans13,57717,352
Cost of mortgage loans acquired(33,918)(52,882)
Decrease (increase) in policy loans4,225(255)
Other, net00
Net cash used in investing activities(662,503)(856,970)
Cash flows from financing activities:  
Deposits to account balances for universal life and annuity contracts1,116,1611,060,960
Return of account balances on universal life and annuity contracts(615,196)(463,191)
Issuance of common stock under stock option plan908277
Net cash provided by financing activities501,873598,046
Effect of foreign exchange(154)(137)
Net increase (decrease) in cash and short-term investments11,570(79,669)
Cash and short-term investments at beginning of period80,332108,866
Cash and short-term investments at end of period91,90229,197
Cash paid during the period for:  
Interest1030
Income taxes30,20935,600
Noncash operating activities:  
Deferral of sales inducements$ 12,386$ 17,486