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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Net income $ 634,970 $ 605,803
Change in operating assets and liabilities:    
Accrued investment income (40,160) 23,473
Premiums receivable and other reinsurance balances 182,018 (519,107)
Deferred policy acquisition costs (130,305) 23,682
Reinsurance ceded receivable balances (124,290) 37,468
Future policy benefits, other policy claims and benefits, and other reinsurance balances 1,174,427 920,492
Deferred income taxes 200,653 (8,136)
Other assets and other liabilities, net (253,405) (47,978)
Amortization of net investment premiums, discounts and other (44,386) (55,154)
Depreciation, Depletion and Amortization 33,624 32,153
Investment related (gains) losses, net (69,044) 31,059
Other, net 199,148 56,408
Net cash provided by operating activities 1,763,250 1,100,163
Cash Flows from Investing Activities:    
Sales of fixed maturity securities available-for-sale 10,544,915 6,314,968
Maturities of fixed maturity securities available-for-sale 614,489 461,764
Proceeds from Sale of Available-for-sale Securities, Equity 35,840 44,952
Payments to Acquire Debt Securities, Available-for-sale 11,377,473 6,041,665
Payments to Acquire Available-for-sale Securities, Equity (77,553) (12,578)
Payments to Acquire Mortgage Notes Receivable (986,709) (671,956)
Proceeds from Sale and Collection of Mortgage Notes Receivable 308,694 290,450
Proceeds from Collection of Policy Loans 73,705 43,995
Payments for (Proceeds from) Policy Loans 4,942 6,422
Increase (Decrease) in Funds Held under Reinsurance Agreements 51,623 61,969
Payments to Acquire Businesses, Net of Cash Acquired 3,561 (31,441)
Payments to Acquire Property, Plant, and Equipment (23,967) (20,478)
Change in short-term investments 154,332 34,856
Change in other invested assets (193,475) (313,464)
Net cash provided by (used in) investing activities (980,206) 31,012
Cash Flows from Financing Activities:    
Dividends to stockholders (119,233) (102,441)
Proceeds from (Repayments of) Secured Debt (76,516) (75,146)
Payments of Debt Issuance Costs (4,750) 0
Proceeds from Issuance of Long-term Debt 598,524 0
Repayments of Long-term Debt (2,091) (2,007)
Purchases of treasury stock (98,231) (273,873)
Exercise of stock options, net 4,259 2,336
Change in cash collateral for derivative positions and other arrangements (67,069) (21,288)
Deposits on universal life and other investment type policies and contracts 318,510 320,871
Withdrawals on universal life and other investment type policies and contracts (572,996) (520,649)
Net cash used in financing activities (19,593) (672,197)
Effect of exchange rate changes on cash (17,588) (32,013)
Change in cash and cash equivalents 745,863 426,965
Cash and cash equivalents, beginning of period 1,889,733 1,303,524
Cash and cash equivalents, end of period 2,635,596 1,730,489
Supplemental disclosures of cash flow information:    
Interest Paid, Excluding Capitalized Interest, Operating Activities 124,154 124,575
Income Taxes Paid, Net 14,115 99,554
Transfer to Investments 6,198,117 3,763,195
Capital Expenditures Incurred but Not yet Paid 986 0
Noncash or Part Noncash Acquisition, Value of Assets Acquired 8,303 69,853
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed $ (11,864) $ (38,412)