OPERATING ACTIVITIES | |
Net income (loss) | 122.37M |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |
Realized gains (losses) on investments | |
Other-than-temporary impairments | 12.94M |
Amortization of discounts and premiums on bonds | -1.3M |
Net capitalized interest on policy loans and mortgage loans | -23.34M |
Depreciation | |
Interest credited to policy account balances | 250.4M |
Charges to policy account balances | |
Deferred federal income tax (benefit) expense | |
Deferral of policy acquisition costs | |
Amortization of deferred policy acquisition costs | |
Equity in (earnings) losses of unconsolidated affiliates | |
Changes in: | |
Policyholder liabilities | 266.91M |
Reinsurance recoverables | -9.1M |
Premiums due and other receivables | -23.53M |
Accrued investment income | -2.87M |
Current tax receivable/payable | -47.88M |
Liability for retirement benefits | |
Prepaid reinsurance premiums | 8.88M |
Other, net | 14.46M |
Net cash provided by (used in) operating activities | |
Proceeds from sale/maturity/prepayment of: | |
Bonds - held-to-maturity | 362.95M |
Bonds - available-for-sale | 394.44M |
Equity securities | |
Real estate | 12.88M |
Mortgage loans | |
Policy loans | 46.19M |
Other invested assets | 22.92M |
Disposals of property and equipment | 8.68M |
Distributions from unconsolidated affiliates | 827K |
Payment for the purchase/origination of: | |
Bonds - held-to-maturity | -112.68M |
Bonds - available-for-sale | |
Equity securities | |
Real estate | -38.61M |
Mortgage loans | -1.01B |
Policy loans | -18.69M |
Other invested assets | -51.52M |
Additions to property and equipment | -24.34M |
Contributions to unconsolidated affiliates | -108M |
Change in short-term investments | 55.15M |
Other, net | 9.24M |
Net cash provided by (used in) investing activities | |
FINANCING ACTIVITIES | |
Policyholders' account deposits | 1.2B |
Policyholders' account withdrawals | -969.99M |
Change in notes payable | 17.63M |
Dividends to stockholders | -65.67M |
Net cash provided by (used in) financing activities | |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | -83.24M |
Beginning of the year | 190.24M |
Balance as of June 30, | 107M |