XML 28 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows - operating activities    
Premiums collected $ 527,567 $ 516,404
Policyholder benefits paid (368,000) (361,356)
Policy acquisition and other operating expenses paid (202,692) (192,196)
Federal income taxes paid (17,392) (24,801)
Investment income collected 240,119 227,716
Interest expense paid (7,140) (7,159)
Contribution to defined benefit pension plan trust fund (2,000) (3,103)
Other (4,817) (4,581)
Net cash provided by operating activities 165,645 150,924
Fixed maturities    
Purchases (958,561) (907,186)
Sales 198,191 270,329
Maturities, paydowns, calls and redemptions 269,732 361,925
Purchase of other invested assets (5,000) (25,000)
Net cash provided by (used in) short-term and other investments 29,353 (37,911)
Net cash used in investing activities (466,285) (337,843)
Cash flows - financing activities    
Dividends paid to shareholders (29,421) (24,311)
Acquisition of treasury stock (5,411) (3,889)
Exercise of stock options 7,324 12,729
Annuity contracts: variable, fixed and FHLB funding agreements    
Deposits 611,721 316,780
Benefits, withdrawals and net transfers to Separate Account (variable annuity) assets (237,016) (202,447)
Life policy accounts    
Deposits 864 1,136
Withdrawals and surrenders (3,662) (3,371)
Cash received (paid) related to repurchase agreements (25,848) 121,285
Change in bank overdrafts 5,092 (401)
Net cash provided by financing activities 323,643 217,511
Net increase in cash 23,003 30,592
Cash at beginning of period 18,189 15,181
Cash at end of period $ 41,192 $ 45,773