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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows From Operating Activities:  
Net income$ 402,672$ 192,056
Adjustments to reconcile net income to net cash provided by operating activities:  
Net amortization of premiums on investments33,85019,720
Amortization of deferred policy acquisition costs and value of business and customer renewals acquired(684,001)177,434
Depreciation and amortization8,4012,396
Net losses on derivatives639,077525,706
Net realized (gains) losses and OTTI credit losses on available-for-sale investments(14,505)(15,974)
Net increase in fair value of trading investments(144,703)(748,723)
Net realized losses on trading investments25,97032,454
Undistributed loss on private equity limited partnerships(5,597)399
Interest credited to contractholder deposits263,407308,693
Deferred federal income taxes239,761136,956
Changes in assets and liabilities:  
Additions To Deferred Policy Acquisition Costs Sales Inducement Asset And Value Of Business And Customer Renewals Acquired(263,120)(191,025)
Accrued investment income5,82324,555
Net change in reinsurance receivable/payable28,11090,732
Future contract and policy benefits22,93041,039
Other, net77,732115,574
Net cash provided by operating activities635,807711,992
Sales, maturities and repayments of:  
Available-for-sale fixed maturity securities408,519382,800
Trading fixed maturity securities2,516,8333,104,949
Mortgage loans192,910119,411
Other Invested Assets294,714[1](102,786)[1]
Purchases Of [Abstract]  
Available-for-sale fixed maturity securities(523,940)(675,547)
Trading fixed maturity securities(1,551,009)(3,460,100)
Mortgage loans(5,020)(29,613)
Real estate(9,075)(3,502)
Other invested assets(48,356)[2](47,524)[2]
Net change in policy loans(2,995)12,530
Net change in short-term investments (Note 1)695,6191,252,268
Net cash provided by investing activities1,968,200552,886
Cash Flows From Financing Activities:  
Additions to contractholder deposit funds773,437962,790
Withdrawals from contractholder deposit funds(3,055,667)(2,917,432)
Repayment of debt(100,000)(100,000)
Capital contribution from Parent0400,000
Other, net(20,754)(19,767)
Net cash used in financing activities(2,402,984)(1,674,409)
Net change in cash and cash equivalents201,023(409,531)
Cash and cash equivalents, beginning of period736,3231,804,208
Cash and cash equivalents, end of period$ 937,346$ 1,394,677
[1]Includes $278.7 million and $(157.2) million related to settlement of derivative instruments during the nine-month periods ended September 30, 2011 and 2010, respectively.
[2]Includes $(47.3) million and $(46.3) million related to issuance of derivative instruments during the nine-month periods ended September 30, 2011 and 2010, respectively.