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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities      
Net Income $ 684,047us-gaap_NetIncomeLoss $ 418,837us-gaap_NetIncomeLoss $ 631,893us-gaap_NetIncomeLoss
Change in operating assets and liabilities:      
Accrued investment income (855)us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable (69,875)us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable (12,088)us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable
Premiums receivable and other reinsurance balances (136,710)us-gaap_IncreaseDecreaseInPremiumsReceivable (106,136)us-gaap_IncreaseDecreaseInPremiumsReceivable (285,193)us-gaap_IncreaseDecreaseInPremiumsReceivable
Deferred policy acquisition costs 101,493us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts 58,313us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts (65,050)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts
Reinsurance ceded receivable balances 39,345us-gaap_IncreaseDecreaseInReinsuranceRecoverable 62,058us-gaap_IncreaseDecreaseInReinsuranceRecoverable 5,293us-gaap_IncreaseDecreaseInReinsuranceRecoverable
Future policy benefits, other policy claims and benefits, and other reinsurance balances 1,625,561us-gaap_IncreaseDecreaseInInsuranceLiabilities 1,429,697us-gaap_IncreaseDecreaseInInsuranceLiabilities 1,792,207us-gaap_IncreaseDecreaseInInsuranceLiabilities
Deferred income taxes 170,731us-gaap_DeferredIncomeTaxExpenseBenefit 230,778us-gaap_DeferredIncomeTaxExpenseBenefit 198,112us-gaap_DeferredIncomeTaxExpenseBenefit
Other assets and other liabilities, net (17,244)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (186,978)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (37,831)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Amortization of net investment premiums, discounts and other (102,459)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments (95,547)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments (83,787)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Investment related gains, net (186,193)us-gaap_GainLossOnInvestments (63,990)us-gaap_GainLossOnInvestments (254,136)us-gaap_GainLossOnInvestments
Gain on repurchase of collateral finance notes 0us-gaap_GainsLossesOnExtinguishmentOfDebt (46,506)us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Excess tax benefits from share-based payment arrangement 3,011us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (3,125)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (416)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Other, net 155,428us-gaap_OtherNoncashIncomeExpense 99,634us-gaap_OtherNoncashIncomeExpense 85,523us-gaap_OtherNoncashIncomeExpense
Net cash provided by operating activities 2,336,155us-gaap_NetCashProvidedByUsedInOperatingActivities 1,727,160us-gaap_NetCashProvidedByUsedInOperatingActivities 1,974,527us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities      
Sales of fixed maturity securities available-for-sale 4,309,985us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 3,629,378us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 5,465,014us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Principal payments on mortgage loans on real estate 539,789us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 155,237us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 145,423us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Proceeds from Sale and Collection of Mortgage Notes Receivable 479,908us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable 391,654us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable 173,962us-gaap_ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
Principal payments on policy loans 63,785us-gaap_PaymentsToAcquireHeldToMaturitySecurities 33,724us-gaap_PaymentsToAcquireHeldToMaturitySecurities 40,466us-gaap_PaymentsToAcquireHeldToMaturitySecurities
Payments to Acquire Available-for-sale Securities (6,129,956)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (4,766,275)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (6,818,378)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Purchases of fixed maturity securities available-for-sale (721,836)us-gaap_PaymentsToAcquireMortgageNotesReceivable (613,413)us-gaap_PaymentsToAcquireMortgageNotesReceivable (491,466)us-gaap_PaymentsToAcquireMortgageNotesReceivable
Payments to Fund Policy Loans (103,599)us-gaap_PaymentsToFundPolicyLoans (18)us-gaap_PaymentsToFundPolicyLoans (58,240)us-gaap_PaymentsToFundPolicyLoans
Cash invested in funds withheld at interest (86,588)us-gaap_IncreaseDecreaseInFundsHeldUnderReinsuranceAgreements (90,707)us-gaap_IncreaseDecreaseInFundsHeldUnderReinsuranceAgreements (107,289)us-gaap_IncreaseDecreaseInFundsHeldUnderReinsuranceAgreements
Purchase of business, net of cash acquired of $9,709 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 2,805us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Payments to Acquire Property, Plant, and Equipment (88,361)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment 0us-gaap_PaymentsToAcquirePropertyPlantAndEquipment 0us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Increase (Decrease) in Payables under Repurchase Agreements 101,203us-gaap_IncreaseDecreaseInPayablesUnderRepurchaseAgreements 0us-gaap_IncreaseDecreaseInPayablesUnderRepurchaseAgreements 0us-gaap_IncreaseDecreaseInPayablesUnderRepurchaseAgreements
Change in short-term investments 38,060us-gaap_PaymentsForProceedsFromShortTermInvestments 138,024us-gaap_PaymentsForProceedsFromShortTermInvestments (101,214)us-gaap_PaymentsForProceedsFromShortTermInvestments
Change in other invested assets 286,665us-gaap_PaymentsForProceedsFromOtherInvestingActivities (209,900)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (216,274)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (1,310,945)us-gaap_NetCashProvidedByUsedInInvestingActivities (1,335,101)us-gaap_NetCashProvidedByUsedInInvestingActivities (1,967,996)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities      
Dividends to stockholders (87,256)us-gaap_PaymentsOfDividends (77,642)us-gaap_PaymentsOfDividends (61,945)us-gaap_PaymentsOfDividends
Repurchase and repayment of collateral finance notes 0us-gaap_ProceedsFromRepaymentsOfSecuredDebt (119,255)us-gaap_ProceedsFromRepaymentsOfSecuredDebt 0us-gaap_ProceedsFromRepaymentsOfSecuredDebt
Proceeds from Issuance of Secured Debt 300,000us-gaap_ProceedsFromIssuanceOfSecuredDebt 0us-gaap_ProceedsFromIssuanceOfSecuredDebt 0us-gaap_ProceedsFromIssuanceOfSecuredDebt
Proceeds from long-term debt issuance 100,000us-gaap_ProceedsFromIssuanceOfLongTermDebt 398,492us-gaap_ProceedsFromIssuanceOfLongTermDebt 400,000us-gaap_ProceedsFromIssuanceOfLongTermDebt
Debt issuance costs (4,260)us-gaap_PaymentsOfDebtIssuanceCosts (3,400)us-gaap_PaymentsOfDebtIssuanceCosts (6,255)us-gaap_PaymentsOfDebtIssuanceCosts
Principal payments of long-term debt (772)us-gaap_MaturitiesOfSeniorDebt 0us-gaap_MaturitiesOfSeniorDebt 0us-gaap_MaturitiesOfSeniorDebt
Purchases of treasury stock (201,525)us-gaap_PaymentsForRepurchaseOfEquity (269,204)us-gaap_PaymentsForRepurchaseOfEquity (6,924)us-gaap_PaymentsForRepurchaseOfEquity
Excess tax benefits from share-based payment arrangement (3,011)us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 3,125us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 416us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Exercise of stock options, net 9,246us-gaap_ProceedsFromStockOptionsExercised 28,390us-gaap_ProceedsFromStockOptionsExercised (3,087)us-gaap_ProceedsFromStockOptionsExercised
Change in cash collateral for derivative positions and other arrangements 162,435us-gaap_ProceedsFromIssuanceOfFinancialServicesObligations (73,338)us-gaap_ProceedsFromIssuanceOfFinancialServicesObligations (132,933)us-gaap_ProceedsFromIssuanceOfFinancialServicesObligations
Deposits on universal life and other investment type policies and contracts 150,922us-gaap_ProceedsFromAnnuitiesAndInvestmentCertificates 201,957us-gaap_ProceedsFromAnnuitiesAndInvestmentCertificates 457,711us-gaap_ProceedsFromAnnuitiesAndInvestmentCertificates
Withdrawals on universal life and other investment type policies and contracts (681,338)us-gaap_RepaymentsOfAnnuitiesAndInvestmentCertificates (770,338)us-gaap_RepaymentsOfAnnuitiesAndInvestmentCertificates (365,044)us-gaap_RepaymentsOfAnnuitiesAndInvestmentCertificates
Net cash (used in) provided by financing activities (255,559)us-gaap_NetCashProvidedByUsedInFinancingActivities (681,213)us-gaap_NetCashProvidedByUsedInFinancingActivities 281,939us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash (47,629)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (47,091)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 8,552us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Change in cash and cash equivalents 722,022us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (336,245)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 297,022us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 923,647us-gaap_CashAndCashEquivalentsAtCarryingValue 1,259,892us-gaap_CashAndCashEquivalentsAtCarryingValue 962,870us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 1,645,669us-gaap_CashAndCashEquivalentsAtCarryingValue 923,647us-gaap_CashAndCashEquivalentsAtCarryingValue 1,259,892us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplementary information:      
Cash paid for interest 136,499us-gaap_InterestPaid 116,809us-gaap_InterestPaid 100,984us-gaap_InterestPaid
Cash paid for income taxes, net of refunds 70,342us-gaap_IncomeTaxesPaidNet 110,773us-gaap_IncomeTaxesPaidNet 97,000us-gaap_IncomeTaxesPaidNet
Transfer to Investments 2,001,439us-gaap_TransferToInvestments 0us-gaap_TransferToInvestments 4,861,566us-gaap_TransferToInvestments
Capital Expenditures Incurred but Not yet Paid 24,458us-gaap_CapitalExpendituresIncurredButNotYetPaid 0us-gaap_CapitalExpendituresIncurredButNotYetPaid 0us-gaap_CapitalExpendituresIncurredButNotYetPaid
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities 0us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities (134,791)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities 0us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets $ 0us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets $ 137,596us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets $ 0us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets