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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities:    
Net income $ 76,472 $ 125,114
Change in operating assets and liabilities:    
Accrued investment income (24,379) (28,443)
Premiums receivable and other reinsurance balances (51,778) (19,816)
Deferred policy acquisition costs (79,468) 2,380
Reinsurance ceded receivable balances (68,918) (64,299)
Future policy benefits, other policy claims and benefits, and other reinsurance balances 375,670 251,570
Deferred income taxes 23,406 13,144
Other assets and other liabilities, net (18,513) 5,973
Amortization of net investment premiums, discounts and other (15,782) (21,666)
Investment related (gains) losses, net 120,886 (7,583)
Other, net 30,976 59,837
Net cash provided by operating activities 368,572 316,211
Cash Flows from Investing Activities:    
Sales of fixed maturity securities available-for-sale 977,314 639,676
Maturities of fixed maturity securities available-for-sale 116,644 94,994
Payments to Acquire Mortgage Notes Receivable (141,228) (69,322)
Payments to Fund Policy Loans (16,939) (200)
Payments to Acquire Available-for-sale Securities 1,768,881 1,000,335
Proceeds from Sale and Collection of Mortgage Notes Receivable (305,252) (272,287)
Payments for (Proceeds from) Policy Loans 0 1
Increase (Decrease) in Funds Held under Reinsurance Agreements 4,980 32,196
Payments to Acquire Property, Plant, and Equipment 0 (21,504)
Change in short-term investments 124,653 4,325
Change in other invested assets (7,262) 14,092
Net cash used in investing activities (709,597) (503,714)
Cash Flows from Financing Activities:    
Dividends to stockholders (24,019) (22,669)
Proceeds from (Repayments of) Secured Debt (6,877) (7,367)
Payments of Debt Issuance Costs 0 (1,184)
Repayments of Long-term Debt (610) (586)
Purchases of treasury stock (105,803) (214,665)
Exercise of stock options, net 3,239 5,759
Change in cash collateral for derivative positions and other arrangements 40,392 31,109
Deposits on universal life and other investment type policies and contracts 432,684 66,329
Withdrawals on universal life and other investment type policies and contracts (41,613) (196,623)
Net cash provided in (used in) financing activities 297,393 (339,897)
Effect of exchange rate changes on cash 20,439 (35,090)
Change in cash and cash equivalents (23,193) (562,490)
Cash and cash equivalents, beginning of period 1,525,275 1,645,669
Cash and cash equivalents, end of period 1,502,082 1,083,179
Supplemental disclosures of cash flow information:    
Interest Paid, Net 29,112 29,849
Income Taxes Paid, Net 12,322 (58,864)
Transfer to Investments 689 118
Capital Expenditures Incurred but Not yet Paid $ 0 $ 4,514