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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows from Operating Activities:    
Net income (loss) $ 334,960 $ 135,923
Change in operating assets and liabilities:    
Accrued investment income (9,588) (35,457)
Premiums receivable and other reinsurance balances (104,002) (5,100)
Deferred policy acquisition costs 165,257 104,002
Reinsurance ceded receivable balances (27,310) 64,814
Future policy benefits, other policy claims and benefits, and other reinsurance balances 581,812 806,172
Deferred income taxes 111,735 69,071
Other assets and other liabilities, net 34,577 (165,129)
Amortization of net investment premiums, discounts and other (51,521) (43,662)
Investment related gains, net (203,098) (142,614)
Gain on repurchase of collateral finance facility securities 0 (46,506)
Excess tax benefits from share-based payment arrangement (1,268) (2,420)
Other, net 76,256 66,027
Net cash provided by operating activities 907,810 805,121
Cash Flows from Investing Activities:    
Sales of fixed maturity securities available-for-sale 2,756,942 1,898,833
Maturities of fixed maturity securities available-for-sale 239,279 62,734
Purchases of fixed maturity securities available-for-sale (3,302,047) (2,487,016)
Cash invested in mortgage loans (266,002) (244,939)
Cash invested in policy loans (52,913) (17)
Cash invested in funds withheld at interest (39,856) (60,156)
Principal payments on mortgage loans on real estate 200,601 150,098
Principal payments on policy loans 46,747 32,940
Payments to Acquire Property, Plant, and Equipment (43,295) 0
Change in short-term investments 93,798 241,136
Change in other invested assets 271,373 (1,591)
Net cash used in investing activities (95,373) (407,978)
Cash Flows from Financing Activities:    
Dividends to stockholders (41,955) (35,169)
Repurchase and repayment of collateral finance facility securities 0 (112,000)
Repayments of Short-term Debt 110,000 120,000
Purchases of treasury stock (179,592) (234,690)
Excess tax benefits from share-based payment arrangement 1,268 2,420
Exercise of stock options, net 9,578 11,439
Change in cash collateral for derivatives and other arrangements 47,561 (31,858)
Deposits on universal life and other investment type policies and contracts 51,257 39,706
Withdrawals on universal life and other investment type policies and contracts (374,567) (397,033)
Net cash used in financing activities (376,450) (637,185)
Effect of exchange rate changes on cash 18,483 (46,231)
Change in cash and cash equivalents 454,470 (286,273)
Cash and cash equivalents, beginning of period 923,647 1,259,892
Cash and cash equivalents, end of period 1,378,117 973,619
Supplementary information:    
Cash paid for interest 67,248 58,387
Cash paid for income taxes, net of refunds $ 26,732 $ 105,401