XML 22 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows - operating activities    
Premiums collected $ 392,103 $ 392,715
Policyholder benefits paid (272,769) (274,256)
Policy acquisition and other operating expenses paid (141,620) (141,913)
Income taxes paid (7,393) (8,068)
Investment income collected 184,749 185,546
Interest expense paid (6,190) (5,738)
Other 2,429 6,167
Net cash provided by operating activities 151,309 154,453
Fixed maturity securities    
Purchases (551,984) (723,354)
Sales 190,023 229,690
Maturities, paydowns, calls and redemptions 383,090 491,739
Equity securities    
Purchases (6,028) (24,190)
Sales and repayments 5,783 18,196
Limited partnership interests    
Purchases (33,031) (45,284)
Sales 9,457 6,699
Change in short-term and other investments, net (109,711) (41,528)
Net cash used in investing activities (112,401) (88,032)
Cash flows - financing activities    
Dividends paid to shareholders (23,320) (23,041)
Acquisition of treasury stock (86) 0
Proceeds from exercise of stock options 2,460 3,130
Withholding tax payments on RSUs tendered (2,155) (2,604)
Annuity contracts: variable, fixed and FHLB funding agreements    
Deposits 199,074 234,133
Benefits, withdrawals and net transfers to Separate Account (variable annuity) assets (218,694) (200,845)
Transfer of Company 401(k) assets to a third-party provider 0 (77,898)
Life policy accounts    
Deposits 3,163 2,240
Withdrawals and surrenders (2,525) (2,287)
Change in bank overdrafts 3,795 87
Net cash used in financing activities (38,288) (67,085)
Net increase (decrease) in cash 620 (664)
Cash at beginning of period 7,627 16,670
Cash at end of period $ 8,247 $ 16,006