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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 30,277 $ 74,887
Adjustments to reconcile net income (loss) to net cash and cash equivalents provided by operating activities:    
Change in deferred policy acquisition costs 2,371 2,859
Change in deferred sales inducements 542 671
Change in value of business acquired 11,236 16,513
Change in benefit reserves, net of change in ceded reinsurance recoverable (7,901) (40,083)
Change in income tax accruals   575
Change in claims and claims settlement expenses (719) 6,324
Change in other operating assets and liabilities - net (5,986) (8,366)
Change in checks not yet presented for payment (5,154) 1,417
Amortization (accretion) of investments (502) (929)
Interest credited to policyholder liabilities 40,835 39,560
Net derivative (gains) losses 41,644 40,007
Net realized investment (gains) losses (8,970) (6,926)
Change in unrealized (gains) losses related to limited partnerships (20) (2,999)
Change in unrealized (gains) losses related to equity securities 809  
Net cash and cash equivalents provided by/(used in) operating activities 98,462 123,510
CASH FLOWS FROM INVESTING ACTIVITIES    
Sales of available-for-sale securities and mortgage loans 264,464 243,669
Maturities of available-for-sale securities and mortgage loans 148,358 139,435
Purchases of available-for-sale securities and mortgage loans (159,433) (356,979)
Sales of limited partnerships 211 97,497
Purchases of limited partnerships   (66,065)
Cash received in connection with derivatives 38,215 50,677
Cash paid in connection with derivatives (85,560) (91,553)
Proceeds from the maturity or prepayment of policy loans 49,503 51,465
Payments for the origination of policy loans (32,009) (32,319)
Net settlement on futures contracts (1,122) 525
Net cash and cash equivalents provided by/(used in) investing activities 222,627 36,352
CASH FLOWS FROM FINANCING ACTIVITIES    
Policyholder deposits 8,057 6,960
Policyholder withdrawals (83,361) (84,737)
Capital contributions from Transamerica Corporation 2,727  
Cash dividend paid to Transamerica Corporation (200,000)  
Return of capital to Transamerica Corporation   (35,760)
Change in payables for collateral under securities loaned, reverse repurchase agreements and derivatives (32,799) 9,138
Cash receipts from affiliated short-term note payable   38,000
Cash paid on affiliated short term note payable (10,000) (38,000)
Net cash and cash equivalents provided by/(used in) financing activities (315,376) (104,399)
Net increase (decrease) in cash and cash equivalents [1] 5,713 55,463
Cash and cash equivalents, beginning of period 270,307 267,844
Cash and cash equivalents, end of period $ 276,020 $ 323,307
[1] Included in net increase (decrease) in cash and cash equivalents is interest paid (2018 - $132; 2017 - $98), interest received (2018 - $2; 2017 - $6), and income taxes paid (2018 - $0; 2017 - $0).