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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Cash Flows [Abstract]      
Net income $ 1,070,762 $ 970,755 $ 894,386
Adjustments to reconcile net income to cash provided from operations:      
Increase (decrease) in future policy benefits 731,417 834,366 759,426
Increase (decrease) in other policy benefits 19,268 5,448 35,638
Deferral of policy acquisition costs (913,544) (850,169) (828,943)
Amortization of deferred acquisition costs 410,001 379,700 348,824
Change in current and deferred income taxes 77,930 101,448 91,835
Realized (gains) losses 24,188 65,676 76,548
Other, net (17,582) (24,799) 44,480
Cash provided from (used for) operating activities 1,402,440 1,482,425 1,422,194
Investments sold or matured:      
Fixed maturities available for sale—sold 1,207,237 602,556 390,392
Fixed maturities available for sale—matured or other redemptions 214,442 250,652 462,002
Mortgage loans 54,157 44,004 32,870
Other long-term investments 43,362 151,262 50,281
Total investments sold or matured 1,519,198 1,048,474 935,545
Acquisition of investments:      
Fixed maturities—available for sale (1,379,238) (1,536,409) (1,420,220)
Mortgage loans (174,665) (158,823) (77,275)
Other long-term investments (459,660) (155,700) (213,207)
Total investments acquired (2,013,563) (1,850,932) (1,710,702)
Net (increase) decrease in policy loans (42,649) (42,154) (25,232)
Net (increase) decrease in short-term investments (3,295) 32,381 (44,976)
Additions to property and equipment (71,045) (49,553) (27,929)
Other investing activities 96 0 0
Investments in low-income housing interests (30,258) (64,365) (69,721)
Cash provided from (used for) investing activities (641,516) (926,149) (943,015)
Cash provided from (used for) financing activities:      
Issuance of common stock 51,786 114,080 106,592
Cash dividends paid to shareholders (85,485) (84,116) (80,547)
Repayment of debt 0 (165,612) (150,000)
Proceeds from issuance of debt 530,000 170,000 250,492
Payment for debt issuance costs (7,253) (757) (5,272)
Net borrowing (repayment) of commercial paper (13,878) 32,961 (46,289)
Proceeds from commercial paper with original maturities greater than 90 days 484,726 0 0
Repayment of commercial paper with original maturities greater than 90 days (372,011) 0 0
Acquisition of treasury stock (1,002,109) (511,100) (454,638)
Amounts paid to reinsurer (413,779) 0 0
Net receipts (payments) from deposit-type products 112,168 (96,943) (112,791)
Cash provided from (used for) financing activities (715,835) (541,487) (492,453)
Effect of foreign exchange rate changes on cash 17,080 (4,192) 13,670
Net increase (decrease) in cash 62,169 10,597 396
Cash at beginning of year 103,156 92,559 92,163
Cash at end of year $ 165,325 $ 103,156 $ 92,559