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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows from Operating Activities:    
Net income $ 293,704 $ 249,458
Change in operating assets and liabilities:    
Accrued investment income (31,378) (38,770)
Premiums receivable and other reinsurance balances 66,922 (118,265)
Deferred policy acquisition costs 33,008 37,995
Reinsurance ceded balances (11,307) (5,351)
Future policy benefits, other policy claims and benefits, and other reinsurance balances 332,611 1,176,366
Deferred income taxes CF (34,698) 105,285
Other assets and other liabilities, net 41,262 (190,883)
Amortization of net investment premiums, discounts and other (67,755) (64,779)
Investment related gains, net (151,008) (154,177)
Excess tax benefits from share-based payment arrangement (2,690) (782)
Other, net 69,143 39,116
Net cash provided by operating activities 537,814 1,035,213
Cash Flows from Investing Activities:    
Sales of fixed maturity securities available-for-sale 1,791,826 1,490,869
Maturities of fixed maturity securities available-for-sale 164,043 72,758
Purchases of fixed maturity securities available-for-sale (2,341,291) (2,372,035)
Cash invested in mortgage loans (44,679) (61,676)
Cash invested in policy loans (8,928) (38,864)
Cash invested in funds withheld at interest (10,563) (74,093)
Principal payments on mortgage loans on real estate 19,283 12,500
Principal payments on policy loans 7,683 2,412
Change in short-term investments and other invested assets (74,600) 91,175
Net cash used in investing activities (497,226) (876,954)
Cash Flows from Financing Activities:    
Dividends to stockholders (17,703) (17,561)
Proceeds From Issuance Of Long Term Debt 394,410 0
Repurchase of long-term debt (7,586) 0
Proceeds from redemption and remarketing of trust preferred securities 154,588 0
Maturity of trust preferred securities 159,455 0
Purchases of treasury stock (340,220) (718)
Excess tax benefits from share-based payment arrangement 2,690 782
Exercise of stock options, net 15,605 8,008
Change in cash collateral for derivative positions 8,010 72,894
Deposits on universal life and other investment type policies and contracts 288,424 81,214
Withdrawals on universal life and other investment type policies and contracts 147,774 251,990
Net cash used in financing activities 190,989 (107,371)
Effect of exchange rate changes on cash 15,735 (5,159)
Change in cash and cash equivalents 247,312 45,729
Cash and cash equivalents, beginning of period 463,661 512,027
Cash and cash equivalents, end of period 710,973 557,756
Supplementary information:    
Cash paid for interest 47,054 48,353
Cash paid for income taxes, net of refunds $ 105,107 $ 32,981