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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 367,974 $ 371,980 $ 386,164
Adjustments to reconcile net income to cash provided by (used in) operating activities:      
Change in future policy benefits and other policy liabilities 225,896 462,733 574,060
Deferral of policy acquisition costs (503,336) (552,192) (512,634)
Amortization of deferred policy acquisition costs 356,143 251,179 224,321
Deferred tax provision (79,980) (25,593) 266
Change in income taxes 26,414 1,426 (5,008)
Investment (gains) losses 995 (5,872) 4,996
Accretion and amortization of investments 3,329 5,118 751
Depreciation and amortization 34,174 29,836 17,697
Change in reinsurance recoverables 231,902 8,312 (100,185)
Change in agent balances, due premiums and other receivables (475) 6,046 (32,348)
Change in renewal commissions receivable 19,845 (23,459) (3,144)
Trading securities sold, matured, or called (acquired), net 19,962 (8,817) 26,694
Share-based compensation 22,361 16,842 19,027
Goodwill impairment loss 60,000 76,000  
Loss on extinguishment of debt   8,927  
Change in other operating assets and liabilities, net (27,539) 34,490 42,760
Net cash provided by (used in) operating activities 757,665 656,956 643,417
Available-for-sale investments sold, matured or called:      
Fixed-maturity securities — sold 23,628 131,953 67,760
Fixed-maturity securities — matured or called 359,717 454,135 429,147
Short-term investments — sold 28,251 50,065  
Short-term investments — matured or called 85,302 40,000  
Equity securities - sold 16 718 2,581
Equity securities - matured or called 3,063    
Available-for-sale investments acquired:      
Fixed-maturity securities (580,485) (901,591) (522,123)
Short-term investments (97,415) (176,125)  
Equity securities — acquired (187) (3,391) (3,272)
Purchases of property and equipment and other investing activities, net (25,805) (24,688) (27,622)
Cash collateral received (returned) on loaned securities, net 6,409 22,375 43,431
Sales (purchases) of short-term investments using securities lending collateral, net (6,409) (22,375) (43,431)
Purchase of business, net of cash acquired 3,867 (494,459)  
Net cash provided by (used in) investing activities (200,048) (923,383) (53,529)
Cash flows from financing activities:      
Dividends paid (83,783) (74,636) (64,346)
Common stock repurchased (356,306) (18,751) (231,431)
Proceeds from revolving credit facility   125,000  
Repayment of revolving credit facility   (125,000)  
Proceeds from issuance of debt   597,300  
Debt issuance costs   (5,332)  
Repayment of debt   (383,691)  
Payment on note issued to seller of business (12,364)    
Tax withholdings on share-based compensation (5,135) (6,652) (5,739)
Finance leases (262) (264) (274)
Net cash provided by (used in) financing activities (457,850) 107,974 (301,790)
Effect of foreign exchange rate changes on cash (3,028) 3,385 2,595
Change in cash and cash equivalents 96,739 (155,068) 290,693
Cash and cash equivalents, beginning of period 392,501 547,569 256,876
Cash and cash equivalents, end of period 489,240 392,501 547,569
Supplemental disclosures of cash flow information:      
Income taxes paid 178,218 154,812 123,305
Interest paid $ 27,060 33,905 $ 27,853
Non-cash activities:      
Increases in note issued to seller of business   $ 15,000