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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities:    
Net income $ 255,505 $ 334,960
Change in operating assets and liabilities, net of acquisition:    
Accrued investment income (26,656) (9,588)
Premiums receivable and other reinsurance balances (19,683) (104,002)
Deferred policy acquisition costs 5,136 165,257
Reinsurance ceded receivable balances (115,355) (27,310)
Future policy benefits, other policy claims and benefits, and other reinsurance balances 353,946 581,812
Deferred income taxes 77,047 111,735
Other assets and other liabilities, net 42,363 34,577
Amortization of net investment premiums, discounts and other (39,021) (51,521)
Investment related gains, net 8,595 (203,098)
Excess tax benefits from share-based payment arrangement 0 (1,268)
Other, net 63,815 76,256
Net cash provided by operating activities 605,692 907,810
Cash Flows from Investing Activities:    
Sales of fixed maturity securities available-for-sale 2,742,814 2,756,942
Maturities of fixed maturity securities available-for-sale 232,712 239,279
Principal payments on mortgage loans on real estate 166,583 200,601
Principal payments on policy loans 441 46,747
Purchases of fixed maturity securities available-for-sale (2,806,351) (3,302,047)
Cash invested in mortgage loans on real estate (531,317) (266,002)
Cash invested in policy loans (686) (52,913)
Cash invested in funds withheld at interest (57,708) (39,856)
Payments to Acquire Businesses, Net of Cash Acquired 191,450 0
Payments to Acquire Property, Plant, and Equipment (22,944) (43,295)
Increase (Decrease) in Payables under Repurchase Agreements (101,203) 0
Change in short-term investments 22,543 93,798
Change in other invested assets 73,529 271,373
Net cash used in investing activities (473,037) (95,373)
Cash Flows from Financing Activities:    
Dividends to stockholders (44,519) (41,955)
Proceeds from (Repayments of) Secured Debt (17,632) 0
Repayments of Short-term Debt 0 (110,000)
Proceeds from Issuance of Secured Debt 160,060 0
Payments of Debt Issuance Costs (1,170) 0
Repayments of Long-term Debt (1,178) 0
Purchases of treasury stock (262,515) (179,592)
Excess tax benefits from share-based payment arrangement 0 1,268
Exercise of stock options, net 12,641 9,578
Change in cash collateral for derivative positions and other arrangements (31,244) 47,561
Deposits on universal life and other investment type policies and contracts 132,679 51,257
Withdrawals on universal life and other investment type policies and contracts (363,600) (374,567)
Net cash used in financing activities (416,478) (376,450)
Effect of exchange rate changes on cash (26,185) 18,483
Change in cash and cash equivalents (310,008) 454,470
Cash and cash equivalents, beginning of period 1,645,669 923,647
Cash and cash equivalents, end of period 1,335,661 1,378,117
Supplemental disclosures of cash flow information:    
Interest Paid 74,637 67,258
Income Taxes Paid, Net (19,307) 26,732
Transfer to Investments 118 1,580,080
Capital Expenditures Incurred but Not yet Paid 2,121 0
Noncash or Part Noncash Acquisition, Value of Assets Acquired 3,681,699 0
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed (3,490,249) $ 0
Payments to Acquire Businesses, Gross 191,450  
Cash Acquired from Acquisition $ 19,377