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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net earnings $ 19,741 $ 18,211
Adjustments to reconcile net earnings to net cash from operating activities:    
Universal life and annuity contract interest 101,543 92,149
Surrender charges and other policy revenues (3,500) (6,770)
Realized (gains) losses on investments (1,167) (3,092)
Accrual and amortization of investment income (708) (509)
Depreciation and amortization 10,823 195
(Increase) decrease in value of index options (42,437) (31,849)
Decrease (increase) in deferred policy acquisition and sales inducement costs 2,427 (19,730)
Increase in accrued investment income (4,200) (8,035)
Increase in other assets (14,058) (7,329)
Increase in liabilities for future policy benefits 1,923 6,905
(Decrease) increase in other policyholder liabilities (740) 3,541
Decrease in Federal income taxes 3,298 9,847
(Decrease) increase in other liabilities 2,932 (3,532)
Other, net 127 0
Net cash provided by operating activities 76,004 50,002
Proceeds from sales of:    
Securities available for sale 418 10,010
Other investments 477 1,940
Proceeds from maturities and redemptions of:    
Securities held to maturity 384,604 150,205
Securities available for sale 79,767 29,127
Index options 260 10,180
Purchases of:    
Securities held to maturity (406,536) (321,632)
Securities available for sale (173,237) (71,388)
Index options (10,672) (12,039)
Other investments (1,503) (779)
Principal payments on mortgage loans 4,536 7,904
Cost of mortgage loans acquired (390) (9,432)
Decrease (increase) in policy loans 318 909
Other, net 3 (1)
Net cash used in investing activities (121,955) (204,996)
Cash flows from financing activities:    
Deposits to account balances for universal life and annuity contracts 212,423 346,146
Return of account balances on universal life and annuity contracts (210,657) (209,714)
Issuance of common stock under stock option plan 0 626
Net cash provided by financing activities 1,766 137,058
Effect of foreign exchange 386 (75)
Net increase (decrease) in cash and short-term investments (43,799) (18,011)
Cash and short-term investments at beginning of period 119,290 80,332
Cash and short-term investments at end of period 75,491 62,321
Cash paid during the period for:    
Interest 10 10
Income taxes 6,539 0
Noncash operating activities:    
Deferral of sales inducements $ 1,314 $ 5,117