American National Insurance Co ANAT Cash Flow

American national insurance co (ANAT)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
OPERATING ACTIVITIES
Net income (loss)
-220,597	171,092	105,943	97,875	256,867	-117,739	175,841	84,062	18,258	344,114	76,603	35,699	39,191	60,302	61,662	32,188	28,515	60,599	44,865	34,659	102,253	68,576	69,816	56,936	51,498	65,297	85,226	60,483	59,408	65,577	60,836	21,338	44,507	55,479	59,197	30,386	46,741
Adjustments to reconcile net income to net cash provided by operating activities:
Net realized investment gains
4,148	-	-	-	2,947	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Investments, Excluding Other than Temporary Impairments
-	-	-	-	-	-	-	5,007	1,044	45,257	33,929	11,401	14,008	8,398	22,181	6,966	9,062	23,787	7,528	16,768	39,302	20,514	-649	1,751	26,446	16,671	43,795	45,140	18,538	43,873	26,905	10,139	9,808	37,881	17,531	22,926	22,031
Investment credit loss
44,678	0	0	6,968	0	1,243	0	0	0	1,649	3,485	1,469	6,783	4,726	5,914	3,551	3,476	5,038	19,407	3,472	25	3,595	1,608	462	975	1,088	312	1,604	1,587	444	13,975	5,261	2,837	-	-	-	-
Accretion of premiums, discounts and loan origination fees
-1,845	532	1,315	448	2,099	1,860	-433	2,411	2,325	-2,225	-1,135	2,707	2,661	1,625	3,026	-1,564	-161	-658	-945	-121	-977	-978	-680	-2,236	-3,400	-1,592	-2,981	-1,090	-389	-191	4,214	-605	-1,890	1,365	-1,074	-2,462	-2,839
Net capitalized interest on policy loans and mortgage loans
6,351	8,362	7,322	8,303	10,094	10,012	8,695	9,747	10,808	7,333	7,108	9,742	8,368	9,469	9,298	7,226	6,820	8,060	7,632	7,960	7,708	8,134	7,720	7,970	8,298	7,904	6,984	5,539	7,633	4,423	8,166	7,111	7,358	9,105	7,346	7,260	6,806
Depreciation
12,614	12,400	10,139	16,781	13,840	12,808	13,458	12,791	12,992	12,806	13,094	13,056	14,981	8,467	11,966	12,093	12,752	7,908	13,996	7,773	10,896	11,993	13,547	5,524	7,350	6,303	9,900	6,521	8,452	8,876	9,142	9,701	8,854	10,239	9,515	10,442	10,211
Interest credited to policyholders’ account balances
-4,323	140,296	106,782	123,687	141,234	5,990	133,418	105,731	70,545	119,935	104,699	94,548	96,008	81,369	87,973	85,901	76,527	90,987	57,509	69,215	75,753	94,540	83,746	91,794	83,412	116,364	98,862	99,770	111,106	92,063	108,069	91,019	124,864	116,740	82,813	99,139	106,391
Charges to policyholders’ account balances
79,605	79,078	76,784	75,146	74,248	72,232	70,840	71,138	71,339	64,968	54,030	66,076	63,452	112,834	64,210	65,489	64,347	74,873	60,271	57,597	57,524	57,213	55,255	55,859	55,927	57,314	52,975	49,937	49,998	51,995	49,343	49,016	48,047	47,634	46,350	46,379	49,131
Deferred federal income tax expense (benefit)
-86,171	-971	18,042	7,717	53,597	-91,368	59,156	6,319	3,294	-179,614	14,203	8,376	14,939	59,302	30,849	2,287	644	7,253	-11,903	4,093	10,298	9,308	1,955	-1,323	9,127	26,318	-782	2,388	6,353	24,578	7,754	-18,581	9,696	13,519	6,487	-8,807	2,067
Deferral of policy acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	98,346	-	583,683	-117,291	-117,130
Amortization of deferred policy acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	99,984	-	-509,901	94,590	105,673
Equity in earnings of unconsolidated affiliates
15,707	1,176	45,075	16,790	40,460	2,376	13,029	6,421	-545	42,474	22,387	12,313	9,500	17,935	36,530	1,798	937	4,023	16,339	462	56,584	2,513	-554	12,797	-62	6,245	121	1,076	8,577	-1,443	-895	314	-1,881	-2,488	3,077	-2,099	1,861
Distributions from unconsolidated affiliates
27,246	-	38,904	40,617	23,607	-	16,004	126	245	-	281	442	410	269	255	255	317	270	190	160	199	4,507	-22,453	20,444	2,688	1,793	3,052	6,113	9,760	3,985	2,273	6,914	2,087	-	-	-	3,758
Changes in:
Policyholder liabilities
-4,203	-22,956	47,700	75,060	45,592	6,469	76,471	160,437	44,688	47,332	124,149	110,126	39,136	15,250	130,672	81,476	54,761	103,867	48,522	50,063	57,193	34,326	3,121	68,631	94,640	47,619	18,922	6,151	23,743	-17,637	-8,454	79,677	8,686	12,452	-33,964	94,726	61,752
Deferred policy acquisition costs
1,672	-9,642	-1,548	17,308	6,631	25,621	8,794	20,116	16,966	12,077	32,225	27,695	9,487	-27,860	5,544	16,571	4,593	6,693	12,168	-614	-6,462	1,276	-10,800	6,370	-6,424	-10,267	-7,265	-969	-11,334	-	-	-	-	-	-	-	-
Reinsurance recoverables
-6,207	-22,963	-2,359	17,252	-7,575	-32,650	23,993	23,327	-5,784	9,817	31,292	4,934	-29,163	-21,275	58,888	-22,437	-27,348	2,968	1,399	-6,358	-12,782	18,129	-3,195	3,413	-4,436	13,883	7,892	-14,329	-11,446	30,284	-349	8,611	-24,836	-6,966	-22,388	64,240	14,959
Premiums due and other receivables
35,858	-19,769	-2,324	19,708	-1,395	-31,912	16,592	31,433	15,247	-19,054	8,926	13,316	16,257	-11,841	-12,867	31,291	5,108	-16,302	-14,023	20,795	15,042	-14,005	2,954	16,480	-4,245	-29,765	1,093	21,551	3,604	-25,013	3,984	17,130	8,907	-23,029	-7,167	-10,658	33,701
Prepaid reinsurance premiums
-5,862	-6,469	144	-1,102	-1,525	-2,416	248	-6,203	-1,632	-1,901	1,464	1,275	-239	-5,998	7,023	-3,824	-12,082	6,925	4,102	11,698	-838	338	1,090	-104	-3,174	5,988	-894	-317	-3,734	-4,591	-3,313	-2,618	-1,437	-4,443	-2,209	-1,594	1,489
Accrued investment income
-8,604	9,197	-5,915	11,753	-2,808	2,209	-4,808	-2,547	6,106	3,751	4,206	-592	-18	-20	3,128	6,606	-6,865	-4,707	5,885	-8,042	-1,606	-12,616	3,164	-9,371	9,936	-8,854	4,093	-9,142	1,419	-10,547	6,565	-5,766	3,078	-4,450	6,428	8,682	2,038
Current tax receivable/payable
-22,392	-24,228	15,558	6,836	-17,059	-33,861	41,999	-6,232	-37,221	4,319	-28,968	4,137	3,260	9,449	10,561	24,545	12,777	11,699	-816	17,412	-32,873	4,266	-13,487	8,252	-8,869	34,904	-23,096	1,451	-9,330	19,284	-7,418	-2,055	-12,383	15,192	-14,043	23,044	-15,622
Liability for retirement benefits
-2,879	-5,498	-987	-985	-984	-6,513	-60,770	32	-2,511	-6,193	-5,186	618	-3,366	-42,619	-2,853	-2,886	-5,621	-22,271	-3,839	-9,673	4,348	-1,631	-2,289	-2,310	-12,854	670	2,665	2,635	2,793	-15,199	710	1,035	372	-2,803	-4,880	1,342	-359
Fair value of option securities
-108,095	49,093	6,277	23,125	66,483	-113,347	50,862	21,700	-14,166	33,437	23,726	10,160	23,034	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value of equity securities
-332,575	140,509	8,589	67,060	206,377	-257,675	126,495	57,162	-33,170	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-3,447	-18,785	-17,752	43,927	-12,893	29,152	-51,871	1,971	-3,882	35,620	2,562	-20,536	-22,604	-5,868	20,324	-18,159	-16,628	29,782	-49,558	24,588	17,609	-43,285	-8,970	69,173	-19,224	-18,893	25,882	-39,190	52,038	-80,565	54,221	-26,217	52,670	-20,790	-6,049	38,600	-49,729
Net cash provided by operating activities
112,051	111,216	163,424	64,103	167,669	130,968	110,419	134,047	120,076	124,564	139,576	121,706	110,079	71,817	98,592	100,357	130,811	120,342	118,765	17,617	122,734	183,715	117,203	69,804	186,063	191,914	109,558	126,008	117,628	155,625	60,050	144,966	116,100	187,028	90,751	10,209	151,520
INVESTING ACTIVITIES
Proceeds from sale/maturity/prepayment of:
Held-to-maturity securities
360,849	362,340	202,173	214,786	85,182	137,199	97,107	242,466	152,587	294,775	177,291	218,466	203,445	128,528	126,470	119,540	116,940	244,624	286,549	300,116	319,361	218,377	97,767	168,918	176,063	410,663	446,664	314,360	448,034	385,823	272,316	300,762	402,772	332,551	55,303	160,071	263,749
Available-for-sale securities
274,697	171,235	164,564	90,514	74,411	103,143	71,006	147,339	129,804	162,478	46,326	163,091	118,007	-46,119	126,926	146,749	120,761	194,104	76,451	183,090	120,746	205,010	190,974	222,211	292,496	212,188	218,124	241,518	242,983	-	-	-	-	-	-	-	-
Equity securities
27,620	115,981	29,420	92,931	56,466	50,324	140,044	17,692	6,677	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,548	-	18,217	21,424	36,441
Bonds-available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	114,739	-	87,034	79,333	164,472
Investment real estate
964	2,266	57,746	4,961	1,752	0	0	7,313	4,264	20,482	6,196	36,638	3,911	-	-	-	-	5,541	834	2,592	10,821	17,187	20,565	-2,372	27,650	0	6,304	69,470	8,597	-	-	-	-	0	1,595	84,672	5,412
Mortgage loans
105,964	211,283	220,681	134,338	271,430	345,199	247,887	129,217	89,936	379,347	111,711	215,984	104,007	190,572	191,897	78,903	125,983	204,134	232,709	232,296	167,304	185,715	121,495	214,434	85,094	312,197	194,101	141,269	111,110	174,912	116,576	66,777	43,174	93,275	108,436	187,375	27,138
Policy loans
12,414	14,983	10,223	10,086	12,787	10,535	13,324	11,854	16,893	3,577	12,745	13,373	12,885	13,726	18,275	14,309	13,610	14,464	13,607	14,773	13,929	14,211	13,160	14,814	13,357	14,549	14,197	12,996	16,718	6,851	17,053	17,087	16,788	14,682	14,668	12,714	11,935
Other invested assets
32,609	67,105	12,088	30,898	10,364	34,000	34,608	29,711	20,527	18,086	21,131	27,280	14,404	7,825	14,775	3,551	4,592	46,494	12,738	6,252	6,080	6,345	2,688	3,149	28,700	2,954	3,494	-4,736	12,263	37,438	1,112	-5,493	10,817	10,500	8,178	9,906	10,955
Disposals of property and equipment
-	-	-	-	-	-	-	-	-	0	-2,495	1,641	1,408	7,563	73	255	8,349	3,284	580	17	800	8,698	1,559	855	157	-121	-109	-830	1,613	-	-	-	-	64	761	337	260
Distributions from unconsolidated affiliates
11,711	13,311	40,705	-2,924	40,233	22,603	25,579	3,644	6,461	89,439	-2,638	12,560	2,639	14,847	30,602	4,890	4,972	8,580	42,648	55,049	24,465	-7,624	48,253	156	994	2,221	1,685	9,485	11,664	32,261	9,034	5,884	4,328	-	-	-	-
Payment for the purchase/origination of:
Held-to-maturity securities
345,112	347,204	473,682	402,498	244,869	337,610	231,135	250,387	529,876	525,121	404,897	256,937	28,356	43,774	23,510	9,078	80,091	165,182	155,322	119,713	85,733	82,970	137,688	25,210	193,554	231,361	149,106	201,715	505,265	235,118	305,749	141,278	469,511	262,955	240,831	428,684	614,848
Available-for-sale securities
250,954	69,860	102,715	250,148	105,772	243,600	118,975	85,991	231,911	298,853	165,747	134,919	138,132	81,675	132,214	117,218	325,867	460,553	282,424	364,741	236,077	161,256	228,080	167,362	487,904	319,662	185,020	188,894	363,428	163,695	267,237	115,168	185,775	239,674	100,923	179,839	185,554
Equity securities
34,350	0	30,736	0	18,280	38,533	4,087	10,520	26,374	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,972	4,258	22,785
Investment real estate
3,361	1,945	2,698	10,521	8,999	36,149	11,943	7,588	16,052	6,317	8,989	10,709	7,829	7,020	12,033	16,868	9,710	47,719	32,551	9,452	16,533	22,834	18,272	5,054	5,539	10,105	15,418	9,396	10,426	8,502	7,355	7,405	7,188	14,307	2,964	3,217	3,350
Mortgage loans
166,933	365,264	135,832	177,204	106,108	338,312	273,291	314,031	247,555	346,409	240,889	394,813	212,561	417,800	297,424	381,154	332,093	243,857	360,399	202,873	155,138	223,933	129,366	233,174	81,600	276,050	294,450	207,664	136,576	270,078	126,170	162,738	96,355	217,556	161,653	127,717	158,257
Policy loans
6,520	7,787	7,902	6,113	5,920	7,879	5,382	6,910	5,976	4,372	6,511	6,241	6,201	6,787	6,563	6,262	5,868	7,712	6,888	5,725	6,134	7,372	9,179	7,018	5,524	7,059	7,552	6,045	5,967	4,644	11,928	11,159	10,336	11,944	12,191	10,228	9,308
Other invested assets
10,192	62,853	7,453	21,413	17,355	13,826	15,195	26,084	20,128	14,072	12,048	13,437	7,577	16,055	39,045	7,177	5,294	7,023	5,692	21,657	3,729	13,329	5,753	3,983	4,640	4,753	4,320	-2,339	11,709	33,674	2,960	-1,977	10,524	11,109	9,179	10,323	9,605
Additions to property and equipment
5,354	5,308	6,600	6,290	3,204	4,143	4,702	4,593	4,232	5,233	1,464	7,110	10,588	22,964	3,708	7,187	13,442	3,665	11,317	4,034	13,580	18,913	4,910	2,679	5,449	7,625	7,621	7,499	2,838	11,105	7,515	6,342	5,876	4,033	5,310	3,538	4,707
Contributions to unconsolidated affiliates
82,065	67,723	83,226	66,021	45,599	50,694	43,660	35,981	20,926	4,602	6,656	1,863	14,748	27,210	10,919	56,728	40,351	41,782	34,672	30,882	24,668	-27,773	25,426	-2,353	17,260	28,434	26,843	43,582	23,653	19,862	14,676	2,089	12,334	19,691	18,530	25,149	14,881
Change in short-term investments
-6,439	-1,677	-198,235	-129,576	519,999	-10,461	-85,664	18,429	-374,309	96,992	-15,105	164,929	219,723	-213,237	153,032	-59,875	-148,306	-33,883	64,253	-90,091	89,333	84,657	4,835	95,907	-249,785	155,907	167,694	-61,316	-79,985	-8,426	-19,686	112,985	-117,117	-5,100	-125,163	14,524	-25,137
Change in collateral held for derivatives
128,078	-31,306	7,342	-15,646	-67,523	108,808	-41,775	-15,561	17,093	-60,184	-13,084	-2,651	-14,062	-10,317	-18,298	2,570	1,696	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-4,400	-6,512	-2,460	-1,024	-373	-12,882	56	681	5,058	1,025	-1,973	-1,433	-15,649	-13,829	-12,136	-5,468	3,564	4,319	-3,142	-1,578	-12,301	-12,163	-5,856	6,247	-4,225	9,897	-7,817	159	-903	-1,211	-3,679	-5,129	-137	25,728	-59,586	7,572	3,893
Net cash used in investing activities
-195,252	70,055	80,109	-218,303	-455,584	-453,301	48,661	-156,398	-323,723	-254,173	-442,140	-293,202	-155,298	16,034	-132,818	-164,001	-274,463	-291,864	-284,260	126,777	44,882	95,315	-61,192	77,884	77,051	-96,202	34,253	182,233	-125,992	110,575	-110,655	-57,219	-67,479	-164,837	-84,142	-254,833	-477,931
FINANCING ACTIVITIES
Policyholders’ account deposits
294,297	211,415	270,650	545,306	743,275	338,828	404,769	511,768	461,788	488,471	526,828	687,066	393,369	330,647	337,320	424,634	435,506	464,010	479,653	249,442	212,245	219,165	254,523	263,096	265,636	240,881	209,989	225,279	219,078	230,308	288,811	318,012	290,831	298,371	410,507	653,789	657,755
Policyholders’ account withdrawals
310,921	354,654	349,692	408,078	368,810	332,976	375,795	354,341	282,386	310,967	290,090	347,325	322,746	343,405	286,229	359,256	324,504	320,632	283,069	390,090	406,870	369,125	282,704	424,195	455,999	319,850	321,520	461,730	381,556	337,221	304,124	337,497	319,047	310,423	344,014	418,646	302,200
Change in notes payable
-1,054	-1,046	-534	22,087	-473	460	773	-658	-70	-707	-2,051	542	3,593	-9,988	5,829	4,263	7,539	2,292	3,680	6,029	8,258	-1,172	-3,101	-616	-783	-277	-610	-50,391	1,743	2,137	101,040	2,336	-1,023	413	45	-2,162	458
Dividends to stockholders
22,047	22,048	22,050	22,044	22,101	22,046	22,046	22,047	22,089	22,086	22,081	22,088	22,080	22,076	22,064	22,070	21,531	21,513	21,562	20,660	20,711	20,692	20,692	20,690	20,731	20,709	20,704	20,708	20,710	20,665	20,664	20,664	20,667	20,652	20,653	20,652	20,652
Payments to noncontrolling interest
-323	756	-18,435	-1,957	-419	-544	-1,240	-173	-397	7	-2,247	1	-22	-	-	-	-	-	-	-	-	-4,225	2,111	208	42	4,886	-2,199	0	-20	5,563	-2,574	-55	38	12,114	-30,508	-5	15
Proceeds from noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-40,048	-165,577	-120,061	135,314	351,472	-16,278	6,461	134,549	156,846	154,718	210,359	318,196	52,114	-45,036	32,697	47,408	97,010	125,416	175,987	-155,430	-207,054	-171,327	-54,585	-182,197	-211,835	-100,403	-135,044	-307,550	-181,465	-125,822	62,489	-37,868	-49,868	-20,177	15,377	212,324	335,376
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
-123,249	15,694	123,472	-18,886	63,557	-338,611	165,541	112,198	-46,801	25,109	-92,205	146,700	6,895	42,815	-1,529	-16,236	-46,642	-46,106	10,492	-11,036	-39,438	107,703	1,426	-34,509	51,279	-4,691	8,767	691	-189,829	140,378	11,884	49,879	-1,247	2,014	21,986	-32,300	8,965