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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities:    
Net income $ 372,205 $ 304,604
Change in operating assets and liabilities:    
Accrued investment income (12,200) 1,834
Premiums receivable and other reinsurance balances 84,599 (345,253)
Deferred policy acquisition costs (114,895) 20,528
Reinsurance ceded receivable balances (109,011) 18,245
Future policy benefits, other policy claims and benefits, and other reinsurance balances 736,251 598,015
Deferred income taxes 92,442 48,117
Other assets and other liabilities, net (122,629) (98,807)
Amortization of net investment premiums, discounts and other (33,742) (25,713)
Depreciation, Depletion and Amortization 22,163 21,554
Investment related (gains) losses, net (20,260) 11,042
Other, net 75,408 29,422
Net cash provided by operating activities 970,331 583,588
Cash Flows from Investing Activities:    
Sales of fixed maturity securities available-for-sale 5,096,692 3,836,575
Maturities of fixed maturity securities available-for-sale 438,749 328,097
Proceeds from Sale of Available-for-sale Securities, Equity 36 29,099
Payments to Acquire Debt Securities, Available-for-sale 5,689,268 3,880,733
Payments to Acquire Available-for-sale Securities, Equity (56,732) (11,930)
Payments to Acquire Mortgage Notes Receivable (598,309) (376,470)
Proceeds from Sale and Collection of Mortgage Notes Receivable 166,483 213,691
Proceeds from Collection of Policy Loans 43,849 24,793
Payments for (Proceeds from) Policy Loans 4,940 6,421
Increase (Decrease) in Funds Held under Reinsurance Agreements 54,030 42,761
Payments to Acquire Businesses, Net of Cash Acquired 3,561 (29,315)
Payments to Acquire Property, Plant, and Equipment (17,467) (14,573)
Change in short-term investments 67,177 (9,843)
Change in other invested assets (160,204) (160,824)
Net cash used in investing activities (764,403) (100,615)
Cash Flows from Financing Activities:    
Dividends to stockholders (75,347) (64,370)
Proceeds from (Repayments of) Secured Debt (52,644) (53,102)
Payments of Debt Issuance Costs (4,750) 0
Proceeds from Issuance of Long-term Debt 598,524 0
Repayments of Long-term Debt (1,387) (1,331)
Purchases of treasury stock (67,744) (165,069)
Exercise of stock options, net 2,590 1,252
Change in cash collateral for derivative positions and other arrangements (80,214) 17,578
Deposits on universal life and other investment type policies and contracts 256,373 225,876
Withdrawals on universal life and other investment type policies and contracts (390,295) (329,899)
Net cash provided by (used in) financing activities 185,106 (369,065)
Effect of exchange rate changes on cash 6,759 (19,753)
Change in cash and cash equivalents 397,793 94,155
Cash and cash equivalents, beginning of period 1,889,733 1,303,524
Cash and cash equivalents, end of period 2,287,526 1,397,679
Supplemental disclosures of cash flow information:    
Interest Paid, Excluding Capitalized Interest, Operating Activities 85,829 84,670
Income Taxes Paid, Net 22,632 59,397
Transfer to Investments 3,420,531 604,374
Capital Expenditures Incurred but Not yet Paid 1,105 0
Noncash or Part Noncash Acquisition, Value of Assets Acquired 8,303 65,948
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed $ (11,864) $ (36,633)