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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 186,212$ 150,032
Adjustments to reconcile net income to net cash provided by (used in) operating activities:  
Earnings allocated to participating policyholders1,5031,608
Amortization of premiums (accretion) of discounts on investments, net(30,946)(30,517)
Net realized (gains) losses on investments(45,828)34,156
Net proceeds (purchases) of trading securities(33,115)17,552
Interest credited to contractholders392,714380,516
Depreciation and amortization29,92938,673
Deferral of acquisition costs(65,327)(64,818)
Deferred income taxes29,58366,959
Other, net(9,808)(23,301)
Changes in assets and liabilities:  
Policy benefit liabilities(96,126)126,390
Reinsurance receivable2,964(7,623)
Accrued interest and other receivables(19,421)(35,133)
Other assets(6,894)(20,898)
Other liabilities13,585(109,237)
Net cash provided by operating activities349,025524,359
Proceeds from sales, maturities and redemptions of investments:  
Fixed maturities, available-for-sale4,581,0173,238,262
Mortgage loans on real estate63,755114,729
Equity investments and other limited partnership interests45,25552,607
Purchases of investments:  
Fixed maturities, available-for-sale(4,526,471)(3,637,171)
Mortgage loans on real estate(551,951)(295,207)
Equity investments and other limited partnership interests(6,332)(17,491)
Net change in short-term investments(483,015)(865,902)
Net change in repurchase agreements117,700410,318
Policy loans, net(14,807)23,976
Other, net9211,334
Net cash used in investing activities(773,928)(974,545)
Cash flows from financing activities:  
Contract deposits1,872,2131,556,709
Contract withdrawals(1,348,054)(1,096,704)
Change in due to parent and affiliates79,607(25,781)
Dividends paid(153,350)(147,917)
Net commercial paper borrowings (repayments)4,264(1,062)
Change in bank overdrafts(31,704)(4)
Income tax benefit of stock option exercises1,6461,181
Net cash provided by financing activities424,622286,422
Net decrease in cash(281)(163,764)
Cash, beginning of period4,476170,978
Cash, end of period4,1957,214
Net cash paid (received) during the periods for:  
Income taxes(121,162)(1,056)
Net income tax payments withheld and remitted to taxing authorities41,10541,617
Interest18,87318,805
Non-cash investing and financing transactions during the periods:  
Share-based compensation expense1,2891,386
Fair value of assets acquired in settlement of fixed maturity investments12,865 
Real estate acquired in satisfaction of debt$ 2,140