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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net earnings $ 50,184 $ 49,009
Adjustments to reconcile net earnings to net cash from operating activities:    
Universal life and annuity contract interest 98,470 165,365
Surrender charges and other policy revenues (8,302) (9,104)
Realized (gains) losses on investments (5,236) (4,578)
Accretion/amortization of discounts and premiums, investments 102 (465)
Depreciation and amortization 1,671 1,741
(Increase) decrease in value of derivatives 17,069 (45,799)
(Increase) decrease in deferred policy acquisition and sales inducement costs (2,190) (6,062)
(Increase) decrease in accrued investment income (3,311) (449)
(Increase) decrease in other assets (6,938) (1,635)
Increase (decrease) in liabilities for future policy benefits 2,588 1,344
Increase (decrease) in other policyholder liabilities 4,558 7,127
Increase (decrease) in Federal income taxes liability (10,882) (13,501)
Increase (decrease) in deferred Federal income tax 15,735 12,517
Increase (decrease) in other liabilities 4,658 (2,806)
Other, net 0 (1)
Net cash provided by operating activities 158,176 152,703
Proceeds from sales of:    
Securities held to maturity 0 0
Securities available for sale 13,131 5,334
Other investments 0 1,016
Proceeds from maturities and redemptions of:    
Securities held to maturity 257,063 360,420
Securities available for sale 163,057 102,813
Index options 64,619 105,268
Purchases of:    
Securities held to maturity (534,663) (477,353)
Securities available for sale (310,637) (195,023)
Index options (40,977) (33,610)
Other investments (420) (296)
Net change in short-term investments 0 0
Principal payments on mortgage loans 18,962 10,240
Cost of mortgage loans acquired (1,632) (29,611)
Decrease (increase) in policy loans 1,712 981
Other, net 0 2
Net cash used in investing activities (369,785) (149,819)
Cash flows from financing activities:    
Deposits to account balances for universal life and annuity contracts 452,124 460,611
Return of account balances on universal life and annuity contracts (445,871) (450,565)
Issuance of common stock under stock option plan 0 350
Net cash provided by (used in) financing activities 6,253 10,396
Effect of foreign exchange (12) (633)
Net increase (decrease) in cash and short-term investments (205,368) 12,647
Cash and short-term investments at beginning of period 277,078 120,859
Cash and short-term investments at end of period 71,710 133,506
Cash paid during the period for:    
Interest 20 20
Income taxes 22,647 24,416
Noncash operating activities:    
Deferral of sales inducements $ (6,895) $ (4,851)