XML 44 R7.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net cash provided by operating activities $ 575,631 $ 517,224
Proceeds from sales, maturities and redemptions of investments:    
Fixed maturities, available-for-sale 4,196,254 3,540,606
Mortgage loans on real estate 277,454 323,332
Limited partnership interests, other corporation interests and other investments 4,001 6,674
Purchases of investments:    
Fixed maturities, available-for-sale (2,791,939) (1,811,311)
Mortgage loans on real estate (233,924) (362,962)
Limited partnership interests, other corporation interests and other investments (1,496) (2,335)
Net change in short-term investments (2,198,699) (2,785,846)
Net change in policy loans (7,481) (10,413)
Acquisition of business 0 (28,356)
Purchases of furniture, equipment and software (60,321) (17,076)
Net cash used in investing activities (816,151) (1,147,687)
Cash flows from financing activities:    
Contract deposits 1,760,310 2,046,736
Contract withdrawals (1,308,587) (1,279,520)
Net change in due to/from parent and affiliates (15,686) 69,219
Dividends paid (139,711) (178,401)
Proceeds from financing element derivatives 0 4,263
Payments for and interest paid on financing element derivatives, net (8,027) (5,961)
Net change in commercial paper borrowings (2,305) 999
Net change in book overdrafts (1,164) (12,163)
Income tax benefit of stock option exercises 1,031 47
Net cash provided by financing activities 285,861 645,219
Net increase in cash 45,341 14,756
Cash, beginning of year 12,775 7,491
Cash, end of period 58,116 22,247
Net cash (paid) received during the year for:    
Income taxes (29,791) 50,888
Interest (18,697) (18,708)
Non-cash investing and financing transactions during the years:    
Contingent consideration (See Note 2) 0 (33,739)
Share-based compensation expense $ 1,247 $ 2,812