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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows from Operating Activities:    
Net income $ 136,664 $ 185,535
Change in operating assets and liabilities:    
Accrued investment income 34,480 (30,083)
Premiums receivable and other reinsurance balances (15,627) 72,864
Deferred policy acquisition costs 64,559 42,741
Reinsurance ceded receivable balances 4,254 28,131
Future policy benefits, other policy claims and benefits, and other reinsurance balances 392,876 275,091
Deferred income taxes 41,472 16,343
Other assets and other liabilities, net (29,340) (12,317)
Amortization of net investment premiums, discounts and other (25,357) (22,497)
Investment related gains, net (84,571) (94,371)
Gain on repurchase of collateral finance facility securities 0 (46,506)
Excess tax benefits from share-based payment arrangement (668) (143)
Other, net 22,486 80,142
Net cash provided by operating activities 541,228 494,930
Cash Flows from Investing Activities:    
Sales of fixed maturity securities available-for-sale 584,491 795,575
Maturities of fixed maturity securities available-for-sale 111,854 36,028
Purchases of fixed maturity securities available-for-sale (917,715) (1,277,240)
Cash invested in mortgage loans (135,802) (79,361)
Cash invested in policy loans (52,913) 0
Cash invested in funds withheld at interest (21,466) (29,829)
Principal payments on mortgage loans on real estate 105,622 52,157
Principal payments on policy loans 485 32,378
Change in short-term investments 20,740 101,722
Change in other invested assets 160,427 (16,805)
Net cash used in investing activities (144,277) (385,375)
Cash Flows from Financing Activities:    
Dividends to stockholders (21,244) (17,753)
Repurchase and repayment of collateral finance facility securities 0 (112,000)
Repayments of Short-term Debt 50,000 0
Purchases of treasury stock (86,837) (47,640)
Excess tax benefits from share-based payment arrangement 668 143
Exercise of stock options, net 6,364 1,071
Change in cash collateral for derivatives and other arrangements 29,680 11,532
Deposits on universal life and other investment type policies and contracts 36,257 17,241
Withdrawals on universal life and other investment type policies and contracts (215,660) (204,196)
Net cash used in financing activities (200,772) (351,602)
Effect of exchange rate changes on cash 7,306 (16,004)
Change in cash and cash equivalents 203,485 (258,051)
Cash and cash equivalents, beginning of period 923,647 1,259,892
Cash and cash equivalents, end of period 1,127,132 1,001,841
Supplementary information:    
Cash paid for interest 25,434 16,552
Cash paid for income taxes, net of refunds $ 8,611 $ 9,125