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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows - operating activities    
Premiums collected $ 177,535 $ 168,558
Policyholder benefits paid (116,941) (112,404)
Policy acquisition and other operating expenses paid (71,024) (73,560)
Investment income collected 82,586 82,486
Interest expense paid (57) (165)
Other 5,027 2,387
Net cash provided by operating activities 77,126 67,302
Fixed maturities    
Purchases (317,878) (284,293)
Sales 82,090 81,320
Maturities, paydowns, calls and redemptions 241,233 166,847
Purchase of other invested assets (10,260) (12,472)
Net cash used in short-term and other investments (41,403) (32,073)
Net cash used in investing activities (46,218) (80,671)
Cash flows - financing activities    
Dividends paid to shareholders (11,114) (10,676)
Acquisition of treasury stock (14,466) (716)
Exercise of stock options 1,727 884
Annuity contracts: variable, fixed and FHLB funding agreements    
Deposits 112,564 141,962
Benefits, withdrawals and net transfers to Separate Account (variable annuity) assets (85,411) (91,449)
Life policy accounts    
Deposits 489 122
Withdrawals and surrenders (926) (1,044)
Change in bank overdrafts 1,174 6,542
Net cash provided by financing activities 4,037 45,625
Net increase in cash 34,945 32,256
Cash at beginning of period 15,509 11,675
Cash at end of period $ 50,454 $ 43,931