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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net earnings $ 92,558 $ 55,627 $ 72,897
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Universal life and annuity contract interest 262,339 232,788 266,603
Surrender charges and other policy revenues (14,720) (4,251) (35,350)
Realized (gains) losses on investments (13,201) (6,082) (6,932)
Accrual and amortization of investment income (1,458) (2,588) (2,056)
Depreciation and amortization 5,688 5,251 4,727
(Increase) decrease in value of derivatives (27,147) 33,335 (16,612)
(Increase) decrease in deferred policy acquisition and sales inducement costs (10,623) (65,073) (124,191)
(Increase) decrease in accrued investment income (4,790) (8,155) (8,148)
(Increase) decrease in other assets (7,176) (1,149) (21,188)
Increase (decrease) in liabilities for future policy benefits 13,536 24,245 38,775
(Decrease) increase in other policyholder liabilities (2,747) (219) 22,597
(Decrease) increase in Federal income tax liability (15,054) (7,971) (6,023)
(Decrease) increase in other liabilities 13,076 (11,104) (6,230)
Other, net 0 111 (1)
Net cash provided by operating activities 290,281 244,765 178,868
Proceeds from sales of:      
Securities held to maturity 0 0 0
Securities available for sale 8,214 19,522 32,545
Other investments 8,791 5,183 4,779
Proceeds from maturities and redemptions of:      
Securities held to maturity 1,473,885 640,620 833,157
Securities available for sale 347,521 171,852 78,175
Derivatives, index options 54,745 82,204 80,497
Purchases of:      
Securities held to maturity (1,787,388) (1,311,122) (1,633,597)
Securities available for sale (490,689) (387,203) (359,365)
Derivatives, index options (56,413) (65,029) (54,254)
Other investments (5,380) (10,903) (2,212)
Principal payments on mortgage loans 36,545 19,534 21,943
Cost of mortgage loans acquired (21,454) (35,980) (63,762)
(Increase) decrease in policy loans 3,418 3,481 (112)
Net cash used in investing activities (428,205) (867,841) (1,062,206)
Cash flows from financing activities:      
Dividends on common stock (1,273) (1,273) (1,270)
Deposits to account balances for universal life and annuity contracts 985,370 1,476,657 1,499,830
Return of account balances on universal life and annuity contracts (841,126) (813,766) (643,911)
Issuance of common stock under stock option plan 0 633 463
Net cash provided by (used in) financing activities 142,971 662,251 855,112
Effect of foreign exchange 221 (217) (308)
Net increase (decrease) in cash and short-term investments 5,271 38,958 (28,534)
Cash and short-term investments at beginning of period 119,290 80,332 108,866
Cash and short-term investments at end of period 124,561 119,290 80,332
Cash paid during the period for:      
Interest 40 0 40
Income taxes 62,540 31,331 40,850
Noncash operating activities:      
Deferral of sales inducements $ 4,498 $ 16,890 $ 28,985