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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows - operating activities      
Premiums collected $ 723,705 $ 707,275 $ 688,355
Policyholder benefits paid (534,359) (486,295) (476,103)
Policy acquisition and other operating expenses paid (267,854) (262,765) (251,293)
Federal income taxes paid (24,861) (29,195) (33,672)
Investment income collected 330,034 324,252 311,712
Interest expense paid (13,521) (13,902) (13,825)
Other (6,101) (17,437) (19,238)
Net cash provided by operating activities 207,043 221,933 205,936
Fixed maturities      
Purchases (1,490,376) (1,309,267) (1,212,937)
Sales 445,100 261,696 298,045
Maturities, paydowns, calls and redemptions 683,335 451,074 504,921
Purchase of other invested assets (38,018) (16,041) (35,000)
Net cash provided by (used in) short-term and other investments (15,890) 47,023 (153,355)
Net cash used in investing activities (415,849) (565,515) (598,326)
Cash flows - financing activities      
Dividends paid to shareholders (42,523) (39,237) (32,550)
Proceeds from issuance of Senior Notes due 2025 246,937 0 0
Redemption of Senior Notes due 2016 (127,292) 0 0
Maturity of Senior Notes due 2015 (75,000) 0 0
Principal repayment on Bank Credit Facility (38,000) 0 0
Acquisition of treasury stock (21,950) (5,411) (3,889)
Exercise of stock options 1,629 8,252 19,336
Annuity contracts: variable, fixed and FHLB funding agreements      
Deposits 623,021 730,632 673,057
Benefits, withdrawals and net transfers to Separate Account (variable annuity) assets (354,735) (326,374) (278,350)
Life policy accounts      
Deposits 1,455 1,093 1,636
Withdrawals and surrenders (3,985) (4,883) (4,734)
Cash received (paid) related to repurchase agreements 0 (25,848) 25,848
Change in bank overdrafts 3,083 (1,156) (4,956)
Net cash provided by financing activities 212,640 337,068 395,398
Net increase (decrease) in cash 3,834 (6,514) 3,008
Cash at beginning of period 11,675 18,189 15,181
Cash at end of period $ 15,509 $ 11,675 $ 18,189