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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows provided by operating activities:      
Net income $ 788,178 $ 600,296 $ 155,465
Adjustments to reconcile net income to net cash provided by operating activities:      
Realized investment losses (gains) 47,558 (80,225) (77,209)
Purchase of fixed-maturity securities at fair value through income (150) (4,819) (9,156)
Sale, maturity, and other redemptions of fixed-maturity securities at fair value through income   8,700 8,500
Purchases of trading securities (1,371,832) (497,657) (241,188)
Sale and other redemptions of trading securities 1,355,529 503,912 158,825
Change in annuity-related options, derivatives, and gross reserves 172,780 109,763 1,561,437
Deferred income tax benefit (202,860) (307,986) (240,863)
Charges to policy account balances (222,131) (187,637) (158,401)
Gross interest credited to account balances 1,760,900 1,618,376 829,932
Amortization and depreciation 115,328 60,857 (41,534)
Change in:      
Accrued investment income (51,730) (124,230) (87,428)
Receivables (164,182) (251,059) (12,479)
Reinsurance recoverables (254,419) (227,639) (100,782)
Deferred acquisition costs 259,407 239,259 (673,086)
Future policy benefit reserves 328,295 1,218,582 1,826,979
Policy and contract claims 102,818 74,481 27,335
Other policyholder funds (20,960) (35,142) 59,155
Unearned premiums 21,540 (20,157) 11,669
Other assets and liabilities (19,822) (278,427) 166,689
Other, net 420 (5,924) 745
Total adjustments 1,856,489 1,813,028 3,009,140
Net cash provided by operating activities 2,644,667 2,413,324 3,164,605
Cash flows used in investing activities:      
Purchase of fixed-maturity securities (14,962,344) (15,028,477) (15,498,964)
Sale and other redemptions of fixed-maturity securities 8,405,110 7,224,211 4,264,652
Matured fixed-maturity securities 1,585,456 1,767,133 1,121,527
Funding of mortgage loans on real estate (2,249,020) (2,281,527) (1,854,016)
Repayment/disposal of mortgage loans on real estate 674,296 673,278 811,372
Purchase of derivative securities (423,397) (512,523) (397,943)
Sale of derivative securities 415,794 242,298 1,344,736
Purchase of equity securities (376,145) (143,684) (6,163)
Sale of equity securities 152,821 58,858 29,209
Purchase of partnership investments (53,952) (19,777) (2,992)
Sale of real estate   5,929  
Net change in short-term securities 4,454 43,443 (40,350)
Purchase of home office property and equipment (1,794) (7,486) (4,882)
Goodwill and intangible acquistion (7,801)    
Other, net (7,636) (2,958) (756)
Net cash used in investing activities (6,926,348) (7,144,829) (9,915,481)
Cash flows provided by financing activities:      
Cash (paid to) received from FHLB advance (500,000) 500,000  
Policyholders' deposits to account balances 12,299,879 10,035,234 13,666,314
Policyholders' withdrawals from account balances (6,601,844) (6,485,558) (6,207,879)
Policyholders' net transfers between account balances 56,943 101,897 (98,712)
Change in amounts drawn in excess of bank balances (11,650) 16,045 (884)
Dividend paid to parent company (861,000) (572,125) (250,000)
Repayment of mortgage notes payable (7,845) (7,423) (7,026)
Net cash provided by financing activities 4,374,483 3,588,070 7,101,813
Net change in cash and cash equivalents 92,802 (1,143,435) 350,937
Cash and cash equivalents at beginning of year 1,127,182 2,270,617 1,919,680
Cash and cash equivalents at end of year 1,219,984 1,127,182 2,270,617
Note: Supplemental disclosure of cash flow information for noncash transactions - non-cash dividend payment      
Supplemental disclosure of cash flow information for non-cash distribution - non-cash dividend payment to affiliate (see note 19 for further discussion) 33,165    
Affiliates      
Cash flows used in investing activities:      
Change in loan to related parties (39,115) 817,110 341,055
Non Affiliates      
Cash flows used in investing activities:      
Change in loan to related parties $ (43,075) $ 19,343 $ (21,966)