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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities:    
Net income $ 312,575 $ 255,505
Change in operating assets and liabilities:    
Accrued investment income (34,705) (26,656)
Premiums receivable and other reinsurance balances (98,610) (19,683)
Deferred policy acquisition costs (5,435) 5,136
Reinsurance ceded receivable balances (60,465) (115,355)
Future policy benefits, other policy claims and benefits, and other reinsurance balances 380,297 353,946
Deferred income taxes 101,163 77,047
Other assets and other liabilities, net (43,708) 42,363
Amortization of net investment premiums, discounts and other (42,843) (39,021)
Investment related (gains) losses, net 2,622 8,595
Other, net 83,555 63,815
Net cash provided by operating activities 594,446 605,692
Cash Flows from Investing Activities:    
Sales of fixed maturity securities available-for-sale 2,271,414 2,742,814
Maturities of fixed maturity securities available-for-sale 273,552 232,712
Proceeds from Sale of Available-for-sale Securities, Equity 132,932 50,083
Payments to Acquire Mortgage Notes Receivable (294,843) (166,583)
Payments to Fund Policy Loans (25,065) (441)
Payments to Acquire Available-for-sale Securities, Debt 4,416,290 2,806,351
Payments to Acquire Available-for-sale Securities, Equity 408,684 68,116
Proceeds from Sale and Collection of Mortgage Notes Receivable (543,454) (531,317)
Payments for (Proceeds from) Policy Loans 1,679 686
Increase (Decrease) in Funds Held under Reinsurance Agreements 27,868 57,708
Payments to Acquire Businesses, Net of Cash Acquired 0 191,450
Payments to Acquire Property, Plant, and Equipment 0 (22,944)
Increase (Decrease) in Payables under Repurchase Agreements 0 (101,203)
Change in short-term investments 350,062 22,543
Change in other invested assets (8,100) 91,562
Net cash used in investing activities (2,058,207) (473,037)
Cash Flows from Financing Activities:    
Dividends to stockholders (47,746) (44,519)
Proceeds from (Repayments of) Secured Debt (35,369) (17,632)
Proceeds from Issuance of Secured Debt 0 160,060
Proceeds from Issuance of Long-term Debt 799,984 0
Payments of Debt Issuance Costs (9,026) (1,170)
Repayments of Long-term Debt (1,227) (1,178)
Purchases of treasury stock (120,806) (262,515)
Exercise of stock options, net 5,219 12,641
Change in cash collateral for derivative positions and other arrangements 57,055 (31,244)
Deposits on universal life and other investment type policies and contracts 513,679 132,679
Withdrawals on universal life and other investment type policies and contracts (208,743) (363,600)
Net cash provided by (used in) financing activities 953,020 (416,478)
Effect of exchange rate changes on cash 19,795 (26,185)
Change in cash and cash equivalents (490,946) (310,008)
Cash and cash equivalents, beginning of period 1,525,275 1,645,669
Cash and cash equivalents, end of period 1,034,329 1,335,661
Supplemental disclosures of cash flow information:    
Interest Paid, Net 68,445 74,637
Income Taxes Paid, Net 43,838 (19,307)
Transfer to Investments 1,730 118
Capital Expenditures Incurred but Not yet Paid 0 2,121
Noncash or Part Noncash Acquisition, Value of Assets Acquired 0 3,681,699
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed 0 (3,490,249)
Payments to Acquire Businesses, Net of Cash Acquired $ 0 $ 191,450