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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows - operating activities    
Premiums collected $ 352,825 $ 351,404
Policyholder benefits paid (257,606) (242,035)
Policy acquisition and other operating expenses paid (138,303) (135,428)
Federal income taxes paid (18,143) (17,363)
Investment income collected 167,738 161,033
Interest expense paid (6,837) (7,005)
Other (1,364) (2,490)
Net cash provided by operating activities 98,310 108,116
Fixed maturities    
Purchases (707,886) (657,797)
Sales 246,521 99,249
Maturities, paydowns, calls and redemptions 287,764 177,370
Purchase of other invested assets (15,809) 0
Net cash provided by short-term and other investments 35,010 139,984
Net cash used in investing activities (154,400) (241,194)
Cash flows - financing activities    
Dividends paid to shareholders (21,371) (19,614)
Principal borrowings on Bank Credit Facility 75,000 0
Maturity of Senior Notes due 2015 (75,000) 0
Acquisition of treasury stock (716) (3,867)
Exercise of stock options 1,557 7,262
Annuity contracts: variable, fixed and FHLB funding agreements    
Deposits 282,897 218,331
Benefits, withdrawals and net transfers to Separate Account (variable annuity) assets (178,557) (159,680)
Life policy accounts    
Deposits 435 476
Withdrawals and surrenders (1,995) (2,410)
Cash received related to repurchase agreements 0 114,083
Change in bank overdrafts 8,178 5,011
Net cash provided by financing activities 90,428 159,592
Net increase in cash 34,338 26,514
Cash at beginning of period 11,675 18,189
Cash at end of period $ 46,013 $ 44,703