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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net earnings $ 55,627 $ 72,897 $ 45,484
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Universal life and annuity contract interest 232,788 266,603 242,816
Surrender charges and other policy revenues (4,251) (35,350) (54,588)
Realized (gains) losses on investments (6,082) (6,932) 4,145
Accrual and amortization of investment income (2,915) (2,380) (2,095)
Depreciation and amortization 792 2,386 (502)
(Increase) decrease in value of derivatives 33,335 (16,612) (93,085)
(Increase) decrease in deferred policy acquisition and sales inducement costs (65,073) (124,191) (34,348)
(Increase) decrease in accrued investment income (8,155) (8,148) (6,699)
(Increase) decrease in other assets 3,637 (18,523) (8,544)
Increase (decrease) in liabilities for future policy benefits 24,245 38,775 (4,361)
(Decrease) increase in other policyholder liabilities (219) 22,597 35,037
(Decrease) increase in Federal income tax liability (7,971) (6,023) (23,898)
(Decrease) increase in other liabilities (11,104) (6,230) 37,415
Other, net 111 (1) 748
Net cash provided by operating activities 244,765 178,868 137,525
Proceeds from sales of:      
Securities held to maturity 0 0 0
Securities available for sale 19,522 32,545 19,781
Other investments 5,183 4,779 1,920
Proceeds from maturities and redemptions of:      
Securities held to maturity 640,620 833,157 958,491
Securities available for sale 171,852 78,175 91,378
Derivatives, index options 82,204 80,497 56,808
Purchases of:      
Securities held to maturity (1,311,122) (1,633,597) (1,245,032)
Securities available for sale (387,203) (359,365) (243,824)
Derivatives, index options (65,029) (54,254) (41,718)
Other investments (10,903) (2,212) (21,245)
Principal payments on mortgage loans 19,534 21,943 11,533
Cost of mortgage loans acquired (35,980) (63,762) (21,551)
(Increase) decrease in policy loans 3,481 (112) 941
Net cash used in investing activities (867,841) (1,062,206) (432,518)
Cash flows from financing activities:      
Dividends on common stock (1,273) (1,270) (1,269)
Deposits to account balances for universal life and annuity contracts 1,476,657 1,499,830 900,773
Return of account balances on universal life and annuity contracts (813,766) (643,911) (563,371)
Issuance of common stock under stock option plan 633 463 0
Net cash provided by (used in) financing activities 662,251 855,112 336,133
Effect of foreign exchange (217) (308) (70)
Net increase (decrease) in cash and short-term investments 38,958 (28,534) 41,070
Cash and short-term investments at beginning of period 80,332 108,866 67,796
Cash and short-term investments at end of period 119,290 80,332 108,866
Cash paid during the period for:      
Interest 0 40 33
Income taxes 31,331 40,850 47,659
Noncash operating activities:      
Deferral of sales inducements $ 232,788 $ 28,985 $ 22,917