Consolidated Statements Of Cash Flows (USD $)
In Thousands | 9 Months Ended |
|---|
Sep. 30, 2011 | Sep. 30, 2010 |
|---|
| OPERATING ACTIVITIES | | |
| Net income | $ 20,430 | $ 15,479 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | |
| Amortization of investment premium | 2,268 | 2,292 |
| Depreciation | 2,345 | 2,093 |
| Acquisition costs capitalized | (26,383) | (27,820) |
| Amortization of deferred acquisition costs | 21,866 | 19,777 |
| Realized investment (gains) losses | (2,572) | 741 |
| Changes in assets and liabilities: | | |
| Reinsurance receivables | (5,007) | (2,388) |
| Future policy benefits | (7,497) | 6,834 |
| Policyholder account balances | (8,100) | (18,333) |
| Income taxes payable and deferred | 4,515 | 10,245 |
| Other, net | (5,174) | (2,562) |
| Net cash provided (used) | (3,309) | 6,358 |
| INVESTING ACTIVITIES | | |
| Fixed maturity securities | (146,508) | (308,218) |
| Equity securities | (191) | (786) |
| Mortgage loans | (122,860) | (93,861) |
| Real estate | (7,188) | (9,669) |
| Policy loans | (10,898) | (12,872) |
| Other investments | | (644) |
| Sales of investments: | | |
| Fixed maturity securities | 61,241 | 60,470 |
| Equity securities | 14 | 585 |
| Other investments | | 858 |
| Net sales (purchases) of short-term investments | (24,823) | 112,916 |
| Maturities and principal paydowns of investments: | | |
| Fixed maturity securities | 164,752 | 179,175 |
| Equity securities | 1,200 | |
| Mortgage loans | 58,655 | 28,270 |
| Policy loans | 13,417 | 13,838 |
| Net acquisition of property and equipment | (283) | (348) |
| Net cash used | (13,472) | (30,286) |
| FINANCING ACTIVITIES | | |
| Proceeds from borrowings | | 8,000 |
| Repayment of borrowings | | (8,000) |
| Deposits on policyholder account balances | 181,502 | 179,450 |
| Withdrawals from policyholder account balances | (149,882) | (148,558) |
| Net transfers from separate accounts | 3,925 | 5,536 |
| Change in other deposits | (4,795) | 3,303 |
| Cash dividends to stockholders | (9,287) | (9,305) |
| Net acquisition of treasury stock | (3,719) | (3,057) |
| Net cash provided | 17,744 | 27,369 |
| Increase in cash | 963 | 3,441 |
| Cash at beginning of year | 5,445 | 4,981 |
| Cash at end of period | $ 6,408 | $ 8,422 |