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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities:    
Net income $ 511,294 $ 339,039
Change in operating assets and liabilities:    
Accrued investment income (58,863) (47,088)
Premiums receivable and other reinsurance balances (3,619) (100,804)
Deferred policy acquisition costs (15,059) (42,855)
Reinsurance ceded receivable balances (77,741) (42,620)
Future policy benefits, other policy claims and benefits, and other reinsurance balances 479,606 594,389
Deferred income taxes 165,988 128,557
Other assets and other liabilities, net 29,343 (14,670)
Amortization of net investment premiums, discounts and other (55,967) (61,714)
Investment related (gains) losses, net (84,002) 119,941
Excess Tax Benefit from Share-based Compensation, Operating Activities 0 (2,884)
Other, net 128,892 9,175
Net cash provided by operating activities 1,019,872 878,466
Cash Flows from Investing Activities:    
Sales of fixed maturity securities available-for-sale 3,649,187 3,904,948
Maturities of fixed maturity securities available-for-sale 349,836 342,126
Proceeds from Sale of Available-for-sale Securities, Equity 331,978 63,797
Payments to Acquire Mortgage Notes Receivable (377,671) (223,807)
Payments to Fund Policy Loans (59,518) (531)
Payments to Acquire Available-for-sale Securities, Debt 5,938,302 3,746,290
Payments to Acquire Available-for-sale Securities, Equity 523,499 75,396
Proceeds from Sale and Collection of Mortgage Notes Receivable (857,445) (686,878)
Payments for (Proceeds from) Policy Loans 5,685 6,628
Increase (Decrease) in Funds Held under Reinsurance Agreements 31,222 63,390
Payments to Acquire Businesses, Net of Cash Acquired 0 195,151
Payments to Acquire Property, Plant, and Equipment 0 (24,240)
Increase (Decrease) in Payables under Repurchase Agreements 0 (101,203)
Change in short-term investments 418,625 35,014
Change in other invested assets (78,068) 144,011
Net cash used in investing activities (2,247,406) (184,942)
Cash Flows from Financing Activities:    
Dividends to stockholders (74,034) (69,111)
Proceeds from (Repayments of) Secured Debt (60,971) (19,732)
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) (1,074)
Repayments of Long-term Debt (1,850) (1,776)
Purchases of treasury stock (121,896) (333,432)
Excess Tax Benefit from Share-based Compensation, Financing Activities 0 2,884
Exercise of stock options, net 11,752 12,551
Change in cash collateral for derivative positions and other arrangements 24,749 60,202
Deposits on universal life and other investment type policies and contracts 874,708 204,456
Withdrawals on universal life and other investment type policies and contracts (386,900) (556,821)
Net cash provided by (used in) financing activities 1,056,516 (541,793)
Effect of exchange rate changes on cash 25,436 (49,708)
Change in cash and cash equivalents (145,582) 102,023
Cash and cash equivalents, beginning of period 1,525,275 1,645,669
Cash and cash equivalents, end of period 1,379,693 1,747,692
Supplemental disclosures of cash flow information:    
Interest Paid, Net 114,043 103,481
Income Taxes Paid, Net 47,312 13,494
Transfer to Investments 3,621 342,082
Capital Expenditures Incurred but Not yet Paid 0 804
Noncash or Part Noncash Acquisition, Value of Assets Acquired 0 3,685,708
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed 0 (3,490,557)
Payments to Acquire Businesses, Net of Cash Acquired $ 0 $ 195,151