XML 1018 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows provided by operating activities:          
Net (loss) income $ (66,434) $ 393,445 $ 600,296 $ 155,465 $ 541,186
Adjustments to reconcile net income to net cash provided by operating activities:          
Realized investment losses (gains) 48,388 (52,256) (80,225) (77,209) (199,546)
Purchase of fixed-maturity securities at fair value through income     (4,819) (9,156) (14,075)
Sale, maturity, and other redemptions of fixed-maturity securities at fair value through income     8,700 8,500 8,306
Purchases of trading securities (698,317) (130,797) (497,657) (241,188) (226,555)
Sale and other redemptions of trading securities 684,874 109,802 503,912 158,825 49,856
Change in annuity-related options, derivatives, and gross reserves 287,559 117,074 109,763 1,561,437 3,573,672
Deferred income tax (benefit) expense (480,045) 82,291 (307,986) (240,863) 160,438
Charges to policy account balances (104,411) (89,851) (187,637) (158,401) (136,807)
Gross interest credited to account balances 947,238 907,297 1,618,376 829,932 1,731,843
Amortization and depreciation 66,187 16,405 60,857 (41,534) (10,259)
Change in:          
Accrued investment income 10,845 (114,138) (124,230) (87,428) (63,627)
Receivables (48,985) (297,987) (251,059) (12,479) 16,560
Reinsurance recoverables and receivables (120,465) (111,448) (227,639) (100,782) (25,485)
Deferred acquisition costs (304,634) 99,293 239,259 (673,086) 206,699
Future policy benefit reserves 1,265,784 37,552 1,218,582 1,826,979 (764,875)
Policy and contract claims 60,031 41,267 74,481 27,335 57,377
Other policyholder funds 67,654 (12,262) (35,142) 59,155 85,602
Unearned premiums 10,855 17,367 (20,157) 11,669 9,639
Other assets and liabilities (14,480) 319,202 521,573 166,689 105,279
Other, net 152 (2,736) (5,924) 745 (3,109)
Total adjustments 1,678,230 936,075 2,613,028 3,009,140 4,560,933
Net cash provided by operating activities 1,611,796 1,329,520 3,213,324 3,164,605 5,102,119
Cash flows used in investing activities:          
Purchase of fixed-maturity securities (7,500,620) (7,963,191) (15,028,477) (15,498,964) (9,176,417)
Purchase of equity securities (259,827) (89,120) (143,684) (6,163) (163,512)
Funding of mortgage loans on real estate (1,260,382) (532,777) (2,281,527) (1,854,016) (559,154)
Sale and other redemptions of fixed-maturity securities 4,042,411 3,059,326 7,224,211 4,264,652 5,822,778
Matured fixed-maturity securities 917,572 870,421 1,767,133 1,121,527 724,008
Sale of equity securities   58,858 58,858 29,209 134,400
Sale of derivative securities 164,703 303,100 242,298 1,344,736 85,471
Sale of real estate   5,929 5,929   15,471
Net change in securities lending (8,442) (459,552) 118,958 537,164 970,364
Repayment/disposal of mortgage loans on real estate 370,331 196,469 673,278 811,372 493,391
Net change in short-term securities 4,454 (8,747) 43,443 (40,350) (2,045)
Purchase of home office property and equipment (1,126) (3,368) (7,486) (4,882) (2,831)
Purchase of partnership investments (20,593) (4,841) (19,777) (2,992) (1,478)
Options purchased, net (182,034) (314,883) (512,523) (397,943) (217,382)
Goodwill and intangible acquistion (7,801)        
Other, net 12,535 (2,861) (2,958) (682) 6,132
Net cash used in investing activities (3,754,053) (4,651,732) (7,025,871) (9,378,243) (3,039,145)
Cash flows provided by financing activities:          
Repayment of FHLB advance (500,000)        
Cash received from FHLB advance     500,000    
Policyholders' deposits to account balances 6,803,714 5,030,717 10,035,234 13,666,314 7,014,576
Policyholders' withdrawals from account balances (3,195,076) (3,092,992) (6,485,558) (6,207,879) (6,438,692)
Policyholders' net transfers between account balances 47,323 (53,518) 101,897 (98,712) (1,094,927)
Change in amounts drawn in excess of bank balances (26,378) 36,123 16,045 (884) (23,062)
Dividend paid to parent company (600,000) (420,000) (572,125) (250,000) (650,000)
Repayment of mortgage notes payable (3,868) (3,661) (7,423) (7,026) (6,648)
Net cash provided by (used in) financing activities 2,525,715 1,496,669 3,588,070 7,101,813 (1,198,753)
Net change in cash and cash equivalents 383,458 (1,825,543) (224,477) 888,175 864,221
Cash and cash equivalents at beginning of year 3,608,092 3,832,569 3,832,569 2,944,394 2,080,173
Cash and cash equivalents at end of year 3,991,550 2,007,026 3,608,092 3,832,569 2,944,394
Note: Supplemental disclosure of cash flow information for noncash transactions - non-cash dividend payment          
Supplemental disclosure of cash flow information for noncash transactions - non-cash dividend payment 33,165        
Affiliates          
Cash flows used in investing activities:          
Change in loan to related parties (210) 215,188 817,110 341,055 (1,162,445)
Non Affiliates          
Cash flows used in investing activities:          
Change in loan to related parties $ (25,024) $ 18,317 $ 19,343 $ (21,966) $ (5,896)