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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows - operating activities    
Premiums collected $ 172,588 $ 177,535
Policyholder benefits paid (127,823) (116,941)
Policy acquisition and other operating expenses paid (74,763) (71,024)
Federal income taxes recovered 11 0
Investment income collected 91,840 82,586
Interest expense paid (63) (57)
Other 11,008 8,258
Net cash provided by operating activities 72,798 80,357
Fixed maturities    
Purchases (318,629) (317,878)
Sales 110,872 82,090
Maturities, paydowns, calls and redemptions 190,068 241,233
Purchase of other invested assets (24,177) (10,260)
Net cash provided by (used in) short-term and other investments (42,419) (41,403)
Net cash used in investing activities (84,285) (46,218)
Cash flows - financing activities    
Dividends paid to shareholders (11,518) (11,114)
Acquisition of treasury stock 0 (14,466)
Proceeds from exercise of stock options 723 1,727
Withholding tax payments on RSUs tendered (2,532) (3,231)
Annuity contracts: variable, fixed and FHLB funding agreements    
Deposits 117,311 112,564
Benefits, withdrawals and net transfers to Separate Account (variable annuity) assets (99,757) (85,411)
Life policy accounts    
Deposits 1,183 489
Withdrawals and surrenders (1,066) (926)
Change in bank overdrafts (2,934) 1,174
Net cash provided by financing activities 1,410 806
Net (decrease) increase in cash (10,077) 34,945
Cash at beginning of period 16,670 15,509
Cash at end of period $ 6,593 $ 50,454