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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,236,698 $ 423,540
Adjustments to reconcile net income to net cash provided by operating activities:    
Policy charges and fee income (88,666) (125,655)
Interest credited to policyholders' account balances 9,995 140,490
Realized investment (gains) losses, net (33,399) 132,142
Amortization and other non-cash items (41,107) (41,269)
Change in:    
Future policy benefits and other insurance liabilities 850,048 1,030,768
Reinsurance recoverables (828,742) (791,695)
Accrued investment income (4,348) (1,246)
Receivables from parents and affiliates (60,464) (27,116)
Payables to parent and affiliates (42,744) (5,780)
Deferred policy acquisition costs (1,183,448) (879,316)
Income taxes payable 316,307 110,881
Deferred Sales Inducements (18,446) (191,851)
Other, net (11,488) (37,742)
Cash flows from (used in) operating activities 185,684 (252,289)
Proceeds from the sale/maturity/prepayment of:    
Fixed maturities, available for sale 935,904 801,617
Short-term investments 554,788 977,765
Policy loans 102,702 96,177
Proceeds from policy loans ceded 7,711 2,428
Commercial mortgage and other loans 131,846 75,284
Other long-term investments 9,919 8,443
Equity securities, available for sale 13,566 9,849
Trading account assets, at fair value 6,025 10,636
Payments for the purchase/origination of:    
Fixed maturities, available for sale (1,630,954) (1,296,016)
Short-term investments (529,824) (990,405)
Policy loans (78,052) (100,621)
Payments from policy loans ceded (7,189) (12,683)
Commercial mortgage and other loans (235,239) (156,865)
Other long-term investments (26,819) (66,429)
Equity securities, available for sale (10,508) (5,024)
Trading account assets, at fair value (9,478) 0
Notes receivable from parent and affiliates, net 11,955 21,788
Other (761) (483)
Cash flows used in investing activities (755,452) (604,029)
CASH FLOWS FROM FINANCING ACTIVITIES    
Policyholders' account deposits 2,511,968 2,908,539
Ceded policyholders' account deposits (295,895) (209,800)
Policyholders' account withdrawals (1,916,728) (2,291,138)
Ceded policyholders' account withdrawals 32,761 22,035
Net change in securities sold under agreements to repurchase and cash collateral for loaned securities 28,525 (138,014)
Dividend to parent 155,000 0
Net increase in short term borrowing 96,415 43,923
Capital asset transfer activity (3,374) (19,456)
Drafts outstanding 19,320 10,995
Net change in long-term borrowing (50,000) 369,000
Change in reinsurance recoverables 1,397 0
Cash flows from (used in) financing activities 269,389 696,084
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (300,379) (160,234)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 412,109 287,423
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 111,730 $ 127,189