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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (Loss) $ 11,965 $ 24,816
Adjustments to reconcile net income (loss) to net cash and cash equivalents provided by operating activities:    
Change in deferred policy acquisition costs 1,288 1,123
Change in deferred sales inducements 293 256
Change in value of business acquired 2,919 2,364
Change in benefit reserves, net of change in ceded reinsurance recoverable 4,813 (21,716)
Change in income tax accruals 527 575
Change in claims and claims settlement expenses 1,706 (5,040)
Change in other operating assets and liabilities - net (1,992) 10,613
Change in checks not yet presented for payment 2,957 1,510
Amortization (accretion) of investments (166) (287)
Interest credited to policyholder liabilities 15,733 12,983
Net derivative (gains) losses 10,866 24,228
Net realized investment (gains) losses (11,774) (31)
Change in unrealized (gains) losses related to limited partnerships 173 (1,630)
Change in unrealized (gains) losses related to equity securities 371  
Net cash and cash equivalents provided by/(used in) operating activities 39,679 49,764
CASH FLOWS FROM INVESTING ACTIVITIES    
Sales of available-for-sale securities and mortgage loans 127,743 53,703
Maturities of available-for-sale securities and mortgage loans 59,920 44,315
Purchases of available-for-sale securities and mortgage loans (11,287) (74,313)
Sales of limited partnerships 129 801
Purchases of limited partnerships   (870)
Cash received in connection with derivatives 3,696 27,754
Cash paid in connection with derivatives (21,654) (44,904)
Proceeds from the maturity or prepayment of policy loans 21,741 14,409
Payments for the origination of policy loans (10,841) (8,974)
Net settlement on futures contracts (4,052) (469)
Net cash and cash equivalents provided by/(used in) investing activities 165,395 11,452
CASH FLOWS FROM FINANCING ACTIVITIES    
Policyholder deposits 2,513 2,211
Policyholder withdrawals (32,782) (31,940)
Capital contributions from Transamerica Corporation 15,047  
Return of capital to Transamerica Corporation   (13,440)
Change in payables for collateral under securities loaned, reverse repurchase agreements and derivatives (48,877) (178,194)
Net cash and cash equivalents provided by/(used in) financing activities (64,099) (221,363)
Net increase (decrease) in cash and cash equivalents [1] 140,975 (160,147)
Cash and cash equivalents, beginning of period 270,307 267,844
Cash and cash equivalents, end of period $ 411,282 $ 107,697
[1] Included in net increase (decrease) in cash and cash equivalents is interest paid (2018 - $54; 2017 - $7), interest received (2018 - $1; 2017 - $0), and income taxes paid (2018 - $0; 2017 - $0).