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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities:    
Net income $ 339,039 $ 492,956
Change in operating assets and liabilities, net of acquisition:    
Accrued investment income (47,088) (41,658)
Premiums receivable and other reinsurance balances (100,804) (74,089)
Deferred policy acquisition costs (42,855) 185,107
Reinsurance ceded receivable balances (42,620) 9,961
Future policy benefits, other policy claims and benefits, and other reinsurance balances 594,389 736,169
Deferred income taxes 128,557 43,670
Other assets and other liabilities, net (14,670) 134,471
Amortization of net investment premiums, discounts and other (61,714) (80,188)
Investment related (gains) losses, net 119,941 (225,416)
Excess tax benefits from share-based payment arrangement (2,884) 3,088
Other, net 9,175 54,105
Net cash provided by operating activities 878,466 1,238,176
Cash Flows from Investing Activities:    
Sales of fixed maturity securities available-for-sale 3,904,948 3,370,036
Maturities of fixed maturity securities available-for-sale 342,126 353,554
Principal payments on mortgage loans on real estate (3,746,290) (4,414,097)
Principal payments on policy loans 223,807 341,989
Purchases of fixed maturity securities available-for-sale 531 47,435
Cash invested in mortgage loans on real estate (63,390) (67,024)
Cash invested in policy loans (686,878) (480,906)
Cash invested in funds withheld at interest (6,628) (52,914)
Payments to Acquire Businesses, Net of Cash Acquired (195,151) 0
Payments to Acquire Property, Plant, and Equipment (24,240) (74,342)
Increase (Decrease) in Payables under Repurchase Agreements (101,203) 100,000
Change in short-term investments 35,014 93,116
Change in other invested assets 132,412 266,389
Net cash used in investing activities (184,942) (516,764)
Cash Flows from Financing Activities:    
Dividends to stockholders (69,111) (64,587)
Proceeds from (Repayments of) Secured Debt (19,732) 0
Proceeds from Issuance of Secured Debt 160,060 0
Proceeds from Issuance of Long-term Debt 0 100,000
Payments of Debt Issuance Costs (1,074) 0
Repayments of Long-term Debt (1,776) (192)
Purchases of treasury stock (333,432) (201,032)
Excess tax benefits from share-based payment arrangement 2,884 (3,088)
Exercise of stock options, net 12,551 17,010
Change in cash collateral for derivative positions and other arrangements 60,202 83,283
Deposits on universal life and other investment type policies and contracts 204,456 84,036
Withdrawals on universal life and other investment type policies and contracts (556,821) (525,217)
Net cash provided in (used in) financing activities (541,793) (509,787)
Effect of exchange rate changes on cash (49,708) (16,527)
Change in cash and cash equivalents 102,023 195,098
Cash and cash equivalents, beginning of period 1,645,669 923,647
Cash and cash equivalents, end of period 1,747,692  
Supplemental disclosures of cash flow information:    
Interest Paid, Net 103,481 93,698
Income Taxes Paid, Net 13,494 37,833
Transfer to Investments 342,082 0
Capital Expenditures Incurred but Not yet Paid 804 0
Noncash or Part Noncash Acquisition, Value of Assets Acquired 3,685,708 0
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed (3,490,557) $ 0
Payments to Acquire Businesses, Gross 195,151  
Cash Acquired from Acquisition $ 19,907