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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows - operating activities    
Premiums collected $ 179,456 $ 172,588
Policyholder benefits paid (131,090) (127,823)
Policy acquisition and other operating expenses paid (72,592) (74,763)
Income taxes paid 690 11
Investment income collected 93,426 91,840
Interest expense paid (256) (63)
Other 2,492 11,008
Net cash provided by operating activities 72,126 72,798
Fixed maturity securities    
Purchases (308,450) (318,629)
Sales 89,894 110,872
Maturities, paydowns, calls and redemptions 151,722 190,068
Purchases (2,208) (15,502)
Sales and repayments 2,048 5,489
Purchase of other invested assets (13,856) (24,177)
Net cash provided by (used in) short-term and other investments 47,146 (32,406)
Net cash used in investing activities (33,704) (84,285)
Cash flows - financing activities    
Dividends paid to shareholders (11,638) (11,518)
Acquisition of treasury stock (6) 0
Proceeds from exercise of stock options 1,136 723
Withholding tax payments on RSUs tendered (2,061) (2,532)
Annuity contracts: variable, fixed and FHLB funding agreements    
Deposits 98,837 117,311
Benefits, withdrawals and net transfers to Separate Account (variable annuity) assets (112,272) (99,757)
Life policy accounts    
Deposits 1,111 1,183
Withdrawals and surrenders (1,329) (1,066)
Change in bank overdrafts 4,124 (2,934)
Net cash (used in) provided by financing activities (22,098) 1,410
Net increase (decrease) in cash 16,324 (10,077)
Cash at beginning of period 7,627 16,670
Cash at end of period $ 23,951 $ 6,593