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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows provided by operating activities:      
Net income $ 713,963 $ 788,178 $ 600,296
Adjustments to reconcile net income to net cash provided by operating activities:      
Realized investment gains (losses), net (85,171) 47,558 (80,225)
Purchase of trading fixed-maturity securities (10,207) (150) (4,819)
Sale, maturity, and other redemptions of trading fixed-maturity securities 10,702 0 8,700
Purchase of fair value option and trading equity securities (742,825) (1,371,832) (497,657)
Sale and other redemptions of fair value option and trading equity securities 774,632 1,355,529 503,912
Change in annuity-related options, derivatives, and gross reserves 4,360,198 172,780 109,763
Deferred income tax expense (benefit) 125,443 (202,860) (307,986)
Charges to policy account balances (274,975) (222,131) (187,637)
Gross interest credited to account balances 2,016,226 1,760,900 1,618,376
Amortization, depreciation, and change in fair value (21,880) 115,328 60,857
Change in:      
Accrued investment income (1,824) (51,730) (124,230)
Receivables 155,792 (164,182) (251,059)
Reinsurance and investment contract recoverables (607,568) (254,419) (227,639)
Deferred acquisition costs 274,363 259,407 239,259
Future policy benefit reserves 26,260 328,295 1,218,582
Policy and contract claims 75,954 102,818 74,481
Other policyholder funds (6,613) (20,960) (35,142)
Unearned premiums (11,388) 21,540 (20,157)
Other assets and liabilities 14,587 (19,822) (278,427)
Other, net (1,045) 420 (5,924)
Net cash provided by operating activities 6,784,624 2,644,667 2,413,324
Cash flows used in investing activities:      
Purchase of available-for-sale fixed-maturity securities (16,212,518) (14,962,344) (15,028,477)
Sale and other redemptions of available-for-sale and held-to-maturity fixed-maturity securities 6,469,905 8,405,110 7,224,211
Matured available-for-sale and held-to-maturity fixed-maturity securities 1,512,015 1,585,456 1,767,133
Funding of mortgage loans on real estate (2,292,432) (2,249,020) (2,281,527)
Repayment/disposal of mortgage loans on real estate 893,634 674,296 673,278
Purchase of derivative securities (202,269) (423,397) (512,523)
Sale of derivative securities 1,206,462 415,794 242,298
Purchase of available-for-sale equity securities (77,209) (376,145) (143,684)
Sale of available-for-sale equity securities 136,911 152,821 58,858
Purchase of interest in equity method investments (116,542) (53,952) (19,777)
Sale of real estate 0 0 5,929
Net change in short-term securities (196,672) 4,454 43,443
Purchase of home office property and equipment (1,040) (1,794) (7,486)
Goodwill and intangible acquisition 0 (7,801) 0
Other, net 7,238 (7,636) (2,958)
Net cash used in investing activities (8,872,517) (6,926,348) (7,144,829)
Cash flows provided by financing activities:      
Cash (paid to) received from FHLB advance 0 (500,000) 500,000
Policyholders' deposits to account balances 10,426,708 12,299,879 10,035,234
Policyholders' withdrawals from account balances (7,113,663) (6,601,844) (6,485,558)
Policyholders' net transfers between account balances (119,732) 56,943 101,897
Change in amounts drawn in excess of bank balances (29,756) (11,650) 16,045
Dividend paid to parent company (780,000) (861,000) (572,125)
Repayment of mortgage notes payable (8,288) (7,845) (7,423)
Net cash provided by financing activities 2,375,269 4,374,483 3,588,070
Net change in cash and cash equivalents 287,376 92,802 (1,143,435)
Cash and cash equivalents at beginning of year 1,219,984 1,127,182 2,270,617
Cash and cash equivalents at end of year 1,507,360 1,219,984 1,127,182
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) 0 (33,165) 0
Affiliates      
Cash flows used in investing activities:      
Change in loan to related parties 0 (39,115) 817,110
Non Affiliates      
Cash flows used in investing activities:      
Change in loan to related parties $ 0 $ (43,075) $ 19,343