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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities:    
Net income $ 377,702 $ 312,575
Change in operating assets and liabilities:    
Accrued investment income (34,676) (34,705)
Premiums receivable and other reinsurance balances (230,650) (98,610)
Deferred policy acquisition costs 35,870 (5,435)
Reinsurance ceded receivable balances (127,995) (60,465)
Future policy benefits, other policy claims and benefits, and other reinsurance balances 745,799 380,297
Deferred income taxes 142,044 101,163
Other assets and other liabilities, net (63,811) (43,708)
Amortization of net investment premiums, discounts and other (47,563) (42,843)
Depreciation, Depletion and Amortization 13,869 12,888
Investment related (gains) losses, net (116,818) 2,622
Other, net (37,797) 70,667
Net cash provided by operating activities 655,974 594,446
Cash Flows from Investing Activities:    
Sales of fixed maturity securities available-for-sale 4,288,713 2,271,414
Maturities of fixed maturity securities available-for-sale 313,530 273,552
Proceeds from Sale of Available-for-sale Securities, Equity 166,916 132,932
Payments to Acquire Available-for-sale Securities, Debt 5,311,818 4,416,290
Payments to Acquire Available-for-sale Securities, Equity (32,299) (408,684)
Payments to Acquire Mortgage Notes Receivable (463,063) (543,454)
Proceeds from Sale and Collection of Mortgage Notes Receivable 135,450 294,843
Proceeds from Collection of Policy Loans 26,658 25,065
Payments for (Proceeds from) Policy Loans 5,830 1,679
Increase (Decrease) in Funds Held under Reinsurance Agreements 6,910 27,868
Payments to Acquire Property, Plant, and Equipment 31,686 0
Change in short-term investments 22,671 350,062
Change in other invested assets (55,379) (8,100)
Net cash used in investing activities (889,675) (2,058,207)
Cash Flows from Financing Activities:    
Dividends to stockholders (52,815) (47,746)
Proceeds from (Repayments of) Secured Debt (23,761) (35,369)
Proceeds from Issuance of Long-term Debt 0 799,984
Payments of Debt Issuance Costs 0 (9,026)
Repayments of Long-term Debt (301,278) (1,227)
Purchases of treasury stock (10,578) (120,806)
Exercise of stock options, net 2,527 5,219
Change in cash collateral for derivative positions and other arrangements (7,046) 57,055
Deposits on universal life and other investment type policies and contracts 917,675 513,679
Withdrawals on universal life and other investment type policies and contracts (402,528) (208,743)
Net cash provided by financing activities 122,196 953,020
Effect of exchange rate changes on cash 34,137 19,795
Change in cash and cash equivalents (77,368) (490,946)
Cash and cash equivalents, beginning of period 1,200,718 1,525,275
Cash and cash equivalents, end of period 1,123,350 1,034,329
Supplemental disclosures of cash flow information:    
Interest Paid, Net 90,425 68,445
Income Taxes Paid, Net 26,447 43,838
Transfer to Investments $ 2,243,360 $ 1,730