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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Cash Flows [Abstract]      
Net income $ 1,161,238 $ 1,070,762 $ 970,755
Adjustments to reconcile net income to cash provided from operations:      
Increase (decrease) in future policy benefits 582,136 731,417 834,366
Increase (decrease) in other policy benefits 21,124 19,268 5,448
Deferral of policy acquisition costs (941,922) (913,544) (850,169)
Amortization of deferred acquisition costs 447,760 410,001 379,700
Change in current and deferred income taxes 98,887 77,930 101,448
Realized (gains) losses 27,788 24,188 65,676
Other, net (620) (17,582) (24,799)
Cash provided from (used for) operating activities 1,396,391 1,402,440 1,482,425
Investments sold or matured:      
Fixed maturities available for sale—sold 623,792 1,207,237 602,556
Fixed maturities available for sale—matured or other redemptions 313,676 214,442 250,652
Mortgage loans 65,724 54,157 44,004
Other long-term investments 128,281 43,362 151,262
Total investments sold or matured 1,131,473 1,519,198 1,048,474
Acquisition of investments:      
Fixed maturities—available for sale (921,339) (1,379,238) (1,536,409)
Mortgage loans (139,817) (174,665) (158,823)
Other long-term investments (247,052) (459,660) (155,700)
Total investments acquired (1,308,208) (2,013,563) (1,850,932)
Net (increase) decrease in policy loans (41,706) (42,649) (42,154)
Net (increase) decrease in short-term investments (229,676) (3,295) 32,381
Additions to property and equipment (142,484) (71,045) (49,553)
Other investing activities 0 96 0
Investments in low-income housing interests (53,017) (30,258) (64,365)
Cash provided from (used for) investing activities (643,618) (641,516) (926,149)
Cash provided from (used for) financing activities:      
Issuance of common stock 164,448 51,786 114,080
Cash dividends paid to shareholders (86,067) (85,485) (84,116)
Repayment of debt 0 0 (165,612)
Proceeds from issuance of debt 0 530,000 170,000
Payment for debt issuance costs (6,399) (7,253) (757)
Net borrowing (repayment) of commercial paper 102,638 (13,878) 32,961
Proceeds from commercial paper with original maturities greater than 90 days 487,610 484,726 0
Repayment of commercial paper with original maturities greater than 90 days (700,993) (372,011) 0
Acquisition of treasury stock (880,983) (1,002,109) (511,100)
Amounts paid to reinsurer 0 (413,779) 0
Net receipts (payments) from deposit-type products 151,694 112,168 (96,943)
Cash provided from (used for) financing activities (768,052) (715,835) (541,487)
Effect of foreign exchange rate changes on cash (5,342) 17,080 (4,192)
Net increase (decrease) in cash (20,621) 62,169 10,597
Cash at beginning of year 165,325 103,156 92,559
Cash at end of year $ 144,704 $ 165,325 $ 103,156