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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities:    
Net income $ 605,293 $ 511,294
Change in operating assets and liabilities:    
Accrued investment income (63,321) (58,863)
Premiums receivable and other reinsurance balances (421,027) (3,619)
Deferred policy acquisition costs 67,471 (15,059)
Reinsurance ceded receivable balances (120,013) (77,741)
Future policy benefits, other policy claims and benefits, and other reinsurance balances 982,164 479,606
Deferred income taxes 236,185 165,988
Other assets and other liabilities, net 78,848 29,343
Amortization of net investment premiums, discounts and other (95,227) (55,967)
Depreciation, Depletion and Amortization 21,384 19,489
Investment related (gains) losses, net (139,471) (84,002)
Other, net (47,787) 109,403
Net cash provided by operating activities 1,104,499 1,019,872
Cash Flows from Investing Activities:    
Sales of fixed maturity securities available-for-sale 6,364,236 3,649,187
Maturities of fixed maturity securities available-for-sale 385,993 349,836
Proceeds from Sale of Available-for-sale Securities, Equity 192,821 331,978
Payments to Acquire Available-for-sale Securities, Debt 7,450,749 5,938,302
Payments to Acquire Available-for-sale Securities, Equity (60,790) (523,499)
Payments to Acquire Mortgage Notes Receivable (751,702) (857,445)
Proceeds from Sale and Collection of Mortgage Notes Receivable 208,052 377,671
Proceeds from Collection of Policy Loans 93,286 59,518
Payments for (Proceeds from) Policy Loans 5,830 5,685
Increase (Decrease) in Funds Held under Reinsurance Agreements 12,597 31,222
Payments to Acquire Property, Plant, and Equipment (33,242) 0
Change in short-term investments 65,664 418,625
Change in other invested assets (51,476) (78,068)
Net cash used in investing activities (1,056,334) (2,247,406)
Cash Flows from Financing Activities:    
Dividends to stockholders (85,086) (74,034)
Proceeds from (Repayments of) Secured Debt (56,637) (60,971)
Proceeds from Issuance of Long-term Debt 0 799,984
Payments of Debt Issuance Costs 0 (9,026)
Repayments of Long-term Debt (301,927) (1,850)
Purchases of treasury stock (41,360) (121,896)
Exercise of stock options, net 4,450 11,752
Change in cash collateral for derivative positions and other arrangements (46,206) 24,749
Deposits on universal life and other investment type policies and contracts 1,007,563 874,708
Withdrawals on universal life and other investment type policies and contracts (568,789) (386,900)
Net cash provided by financing activities (87,992) 1,056,516
Effect of exchange rate changes on cash 43,699 25,436
Change in cash and cash equivalents 3,872 (145,582)
Cash and cash equivalents, beginning of period 1,200,718 1,525,275
Cash and cash equivalents, end of period 1,204,590 1,379,693
Supplemental disclosures of cash flow information:    
Interest Paid, Net 129,136 114,043
Income Taxes Paid, Net 27,385 47,312
Transfer to Investments $ 2,247,136 $ 3,621