XML 54 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net earnings $ 68,405 $ 67,309
Adjustments to reconcile net earnings to net cash from operating activities:    
Universal life and annuity contract interest 299,224 216,933
Surrender charges and other policy revenues (10,450) (10,854)
Realized (gains) losses on investments (7,199) (8,112)
Accrual and amortization of investment income (2,040) (1,740)
Depreciation and amortization 3,742 4,246
(Increase) decrease in value of index options (126,739) (42,328)
(Increase) decrease in deferred policy acquisition and sales inducement costs (15,433) (3,604)
(Increase) decrease in accrued investment income (3,792) (5,852)
(Increase) decrease in other assets (20,271) (6,088)
Increase (decrease) in liabilities for future policy benefits 8,960 8,335
Increase (decrease) in other policyholder liabilities 11,261 1,417
Increase (decrease) in Federal income taxes (14,151) (14,391)
Increase (decrease) in other liabilities 2,390 18,416
Other, net 0 0
Net cash provided by operating activities 193,907 223,687
Proceeds from sales of:    
Securities held to maturity 1,980 0
Securities available for sale 10,246 7,539
Other investments 10,520 8,646
Proceeds from maturities and redemptions of:    
Securities held to maturity 1,028,476 1,021,666
Securities available for sale 191,833 252,464
Index options 109,816 25,225
Purchases of:    
Securities held to maturity (1,380,732) (1,208,044)
Securities available for sale (247,375) (388,228)
Index options (45,629) (42,184)
Other investments (15) (5,036)
Principal payments on mortgage loans 30,649 38,783
Cost of mortgage loans acquired (5,271) (16,728)
Decrease (increase) in policy loans 3,242 829
Other, net (2) (2)
Net cash used in investing activities (292,262) (305,070)
Cash flows from financing activities:    
Deposits to account balances for universal life and annuity contracts 732,745 715,037
Return of account balances on universal life and annuity contracts (665,048) (625,306)
Issuance of common stock under stock option plan 0 0
Net cash provided by financing activities 67,697 89,731
Effect of foreign exchange 555 307
Net increase (decrease) in cash and short-term investments (30,103) 8,655
Cash and short-term investments at beginning of period 124,561 119,290
Cash and short-term investments at end of period 94,458 127,945
Cash paid during the period for:    
Interest 40 30
Income taxes 48,658 49,540
Noncash operating activities:    
Deferral of sales inducements $ 1,261 $ 2,965