| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash provided from (used for) operating activities: | ||||||||||||
Net income | ||||||||||||
760,790 | 701,466 | 1,454,494 | 549,779 | 527,100 | 542,939 | 528,472 | 529,324 | 497,161 | 498,866 | 383,174 | 452,259 | 527,535 |
Adjustments to reconcile net income from continuing operations to cash provided from continuing operations: | ||||||||||||
Loss (income) from discontinued operations, net of income taxes | ||||||||||||
-92 | -44 | -3,769 | 10,189 | 10,807 | 14,865 | 21,267 | - | - | - | - | - | - |
Increase (decrease) in future policy benefits | ||||||||||||
661,567 | 664,997 | 687,407 | 645,844 | 631,202 | 585,632 | 578,217 | 497,306 | 431,362 | 544,086 | 533,466 | 429,256 | 412,751 |
Increase (decrease) in other policy benefits | ||||||||||||
15,900 | 17,134 | 31,784 | 24,668 | 14,609 | 12,521 | -7,151 | -8,115 | -2,776 | 1,110 | -18,172 | -21,922 | 11,078 |
Deferral of policy acquisition costs | ||||||||||||
753,661 | 699,551 | 660,134 | 635,318 | 612,181 | 562,245 | 520,248 | -480,818 | -441,825 | -442,294 | -466,614 | -549,004 | 566,396 |
Amortization of deferred policy acquisition costs | ||||||||||||
551,726 | 516,690 | 490,403 | 469,063 | 445,625 | 415,914 | 400,869 | 385,167 | 364,583 | 376,988 | 369,253 | 398,324 | 391,011 |
Change in current and deferred income taxes | ||||||||||||
-68,588 | -69,369 | 700,660 | -152,210 | -103,558 | -102,720 | -74,989 | -122,538 | -30,899 | -68,326 | -96,325 | 57,316 | 94,009 |
Realized (gains) losses | ||||||||||||
20,621 | -1,804 | 23,611 | -10,683 | -8,791 | 23,548 | 7,990 | 37,833 | 25,904 | 40,190 | -141,659 | 107,504 | 2,734 |
Change in other receivables | ||||||||||||
- | - | - | - | - | - | - | 89,677 | 22,565 | 24,716 | 43,471 | 60,205 | 13,515 |
Contributions to benefit plans | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 14,000 | -52,238 | 12,000 |
Loss on disposal of subsidiary | ||||||||||||
- | - | - | - | - | - | - | - | -455 | -35,013 | 0 | 0 | - |
Other, net | ||||||||||||
-62,194 | -4,463 | -67,933 | -20,079 | -13,985 | 38,354 | -27,230 | -24,947 | -28,074 | -11,404 | 5,507 | -30,679 | 8,258 |
Net cash provided from (used for) continuing operations | ||||||||||||
1,346,575 | 1,276,416 | 1,351,385 | 1,226,819 | 1,121,882 | 1,020,714 | 1,053,121 | 942,839 | - | - | - | - | - |
Net cash provided from (used for) discontinued operations | ||||||||||||
17,299 | 1,231 | 77,673 | 171,889 | -1,832 | -156,006 | 66,159 | - | - | - | - | - | - |
Cash provided from (used for) operating activities | ||||||||||||
1,363,874 | 1,277,647 | 1,429,058 | 1,398,708 | 1,120,050 | 864,708 | 1,119,280 | - | 859,464 | 1,028,593 | 976,113 | 730,611 | 849,997 |
Cash provided from (used for) investing activities: | ||||||||||||
Fixed maturities available for sale—sold | ||||||||||||
79,108 | 32,021 | 67,246 | 340,434 | 226,792 | 109,024 | 133,463 | 345,601 | 224,335 | 325,950 | 900,417 | 123,659 | 313,576 |
Fixed maturities available for sale—matured or other redemptions | ||||||||||||
840,222 | 343,712 | 488,843 | 236,353 | 376,158 | 273,223 | 493,885 | 736,900 | 410,356 | 638,860 | 760,858 | 580,580 | 1,345,794 |
Equity securities | ||||||||||||
- | - | - | - | - | - | 14,000 | 0 | 28,700 | 0 | 1,138 | 0 | 19,332 |
Other long-term investments | ||||||||||||
5,134 | 477 | 3,534 | 1,217 | 3,740 | 1,495 | 1,333 | 9,458 | 18,937 | 5,767 | 7,167 | 16,933 | 7,425 |
Total investments sold or matured | ||||||||||||
924,464 | 376,210 | 559,623 | 578,004 | 606,690 | 383,742 | 642,681 | 1,091,959 | 682,328 | 970,577 | 1,669,580 | 721,172 | 1,686,127 |
Acquisition of investments: | ||||||||||||
Fixed maturities—available for sale | ||||||||||||
1,552,956 | 1,155,539 | 1,314,609 | 1,530,053 | 1,070,908 | 704,993 | 1,143,840 | 1,431,690 | 1,104,231 | 1,908,109 | 2,311,455 | 1,091,462 | 2,063,648 |
Equity securities | ||||||||||||
- | - | - | - | - | - | - | - | 28,772 | 0 | 0 | - | - |
Other long-term investments | ||||||||||||
123,332 | 93,631 | 55,096 | 20,444 | 31,707 | 0 | 591 | 1,786 | 6,246 | 905 | 43 | 10,284 | 4,694 |
Total investments acquired | ||||||||||||
1,676,288 | 1,249,170 | 1,369,705 | 1,550,497 | 1,102,615 | 704,993 | 1,144,431 | 1,433,476 | 1,139,249 | 1,909,014 | 2,311,498 | 1,101,746 | 2,068,342 |
Acquisition of Family Heritage, net of cash acquired | ||||||||||||
- | - | - | - | - | - | - | 186,424 | 0 | 0 | - | - | 47,122 |
Net (increase) decrease in policy loans | ||||||||||||
25,426 | 20,537 | 21,554 | 15,513 | 20,353 | 23,222 | 24,837 | 23,130 | 22,790 | 27,793 | -23,652 | 16,082 | 15,458 |
Net (increase) decrease in short-term investments | ||||||||||||
-34,003 | -63,783 | 55,031 | 17,274 | 38,884 | -61,008 | -17,970 | 73,616 | -195,435 | -128,727 | 226,645 | 19,734 | -45,451 |
Net change in payable or receivable for securities | ||||||||||||
- | - | - | - | - | - | 43,987 | -3,647 | -2,664 | 754 | 13,829 | -17,935 | 57,810 |
Additions to properties | ||||||||||||
42,203 | 45,092 | 20,285 | 25,162 | 36,957 | 19,367 | 11,168 | 4,667 | 5,386 | 9,181 | 6,499 | 9,800 | 24,162 |
Sale of other assets | ||||||||||||
32 | 1,987 | 18 | 90 | 0 | 8,752 | 570 | 56 | 3,089 | 77 | 0 | 786 | 6,089 |
Investments in low-income housing interests | ||||||||||||
23,893 | 23,404 | 19,890 | 32,084 | 41,231 | 56,083 | 51,176 | 72,388 | 49,812 | 53,170 | 24,556 | 24,779 | 27,369 |
Proceeds from sale of subsidiary | ||||||||||||
- | - | - | - | - | - | - | - | 21,588 | 342,890 | 0 | 0 | - |
Cash provided from (used for) investing activities | ||||||||||||
-809,311 | -896,223 | -926,824 | -1,062,436 | -633,350 | -350,163 | -614,378 | -698,039 | -312,133 | -557,641 | -937,099 | -432,248 | -502,596 |
Cash provided from (used for) financing activities: | ||||||||||||
Issuance of common stock | ||||||||||||
83,163 | 36,091 | 61,215 | 61,329 | 35,958 | 56,294 | 97,816 | 181,022 | 162,613 | 37,863 | 4,430 | 25,473 | 42,636 |
Cash dividends paid to shareholders | ||||||||||||
74,188 | 71,421 | 68,831 | 66,931 | 66,899 | 65,006 | 60,911 | 55,527 | 49,125 | 50,061 | 46,615 | 48,802 | 49,581 |
Repayment of debt | ||||||||||||
6,875 | 327,762 | 126,875 | 250,000 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from issuance of debt | ||||||||||||
0 | 550,000 | 125,000 | 400,000 | 0 | 0 | - | - | - | - | - | - | - |
Repayment of 6.375% Notes | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 99,451 | 0 | 0 |
Payment for debt issuance costs | ||||||||||||
0 | 6,969 | 1,661 | 9,638 | 0 | 0 | - | 7,101 | 0 | 0 | - | - | - |
Net borrowing (repayment) of commercial paper | ||||||||||||
-11,610 | -22,719 | 61,092 | 22,224 | 1,978 | 9,328 | 3,983 | 245 | 25,967 | -34,432 | -70,928 | 102,178 | 32,322 |
Issuance of 9 1/4% Senior Notes | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 296,308 | 0 | 0 |
Acquisition of 9 1/4% Senior Notes | ||||||||||||
- | - | - | - | - | - | - | - | - | 8,913 | 0 | - | - |
Redemption of Junior Subordinated Debentures | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | - | - | - |
Repayment of 8 1/4% Senior Debentures | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 | - |
Excess tax benefit from stock option exercises | ||||||||||||
- | - | - | - | 17,577 | 18,524 | 21,315 | 22,602 | 13,121 | 3,455 | 253 | 3,618 | 6,460 |
Acquisition of treasury stock | ||||||||||||
459,569 | 421,749 | 412,989 | 404,784 | 418,526 | 449,308 | 482,264 | 570,165 | 972,556 | 246,006 | 47,564 | 455,736 | 451,791 |
Net receipts (payments) from deposit-type products | ||||||||||||
-121,429 | -126,991 | -90,932 | -71,991 | -95,793 | -69,792 | -21,808 | 8,523 | -4,505 | -31,527 | 112,005 | 112,011 | 73,200 |
Cash provided from (used for) financing activities | ||||||||||||
-590,508 | -391,520 | -453,981 | -319,791 | -525,705 | -499,960 | -535,919 | -269,112 | -824,485 | -329,621 | 148,438 | -261,258 | -346,754 |
Effect of foreign exchange rate changes on cash | ||||||||||||
-9,148 | 12,559 | -5,853 | -1,701 | 34,369 | 14,491 | 6,250 | 1,909 | -4,412 | -7,570 | -1,934 | -10,803 | 2,735 |
Net increase (decrease) in cash | ||||||||||||
-45,093 | 2,463 | 42,400 | 14,780 | -4,636 | 29,076 | -24,767 | -22,403 | -281,566 | 133,761 | 185,518 | 26,302 | 3,382 |