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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flow from operating activities:    
Net Income (Loss) $ 195,417 $ 256,838
Adjustments to reconcile net earnings to cash provided by operations:    
Depreciation 224,313 193,475
Amortization of premiums and accretion of discounts related to investments, net 4,253 4,394
Amortization of debt issuance costs 1,550 1,456
Interest credited to policyholders 19,507 17,538
Change in allowance for losses on trade receivables 2,052 592
Proceeds from Fees Received 2,623 4,384
Net gain on sale of real and personal property (7,768) (55,661)
Net losses on disposal of real estate 3,104 1,021
Net (gains) losses on sales of fixed maturity securities (2,240) (1,914)
Net gains on equity securities (1,326) (2,429)
Deferred income taxes 22,927 34,108
Net change in other operating assets and liabilities:    
Reinsurance recoverables and trade receivables (39,401) (17,435)
Inventories and parts (6,689) (13,395)
Prepaid expenses (2,142) (9,870)
Capitalization of deferred policy acquisition costs (1,418) (4,868)
Other assets (12,865) (14,341)
Related party assets (20,724) (3,132)
Increase (Decrease) in Accounts Payable and Accrued Liabilities 52,770 33,112
Policy benefits and losses, claims and loss expenses payable 2,095 12,098
Other policyholders' funds and liabilities 12,238 3,986
Deferred income 11,434 11,999
Related party liabilities 11,353 2,197
Net cash provided by operating activities 453,903 465,697
Cash flow from investing activities:    
Increase Decrease Escrow Deposits 691 361
Purchase of:    
Property, plant and equipment (963,163) (773,577)
Fixed maturity investments (77,777) (13,208)
Equity securities   (242)
Investments, other (23,430) (52,865)
Proceeds from sales and paydowns of:    
Property, plant and equipment 146,672 193,455
Fixed maturity investments 101,568 348,604
Equity securities 11 236
Investments, other 12,110 9,290
Net cash used by investing activities (803,318) (288,668)
Cash flow from financing activities:    
Borrowings from credit facilities 349,233 445,493
Principal repayments on credit facilities (321,670) (232,824)
Payment of debt issuance costs (248) (2,688)
Finance lease payments (19,260) (34,168)
Securitization deposits 99 79
Series N Non-Voting Common Stock dividends paid (8,824) (7,059)
Investment contract deposits 76,417 51,239
Investment contract withdrawals (107,185) (83,331)
Net cash provided by financing activities (31,438) 136,741
Effects of exchange rate on cash (530) 2,830
Increase (decrease) in cash and cash equivalents (381,383) 316,600
Cash and cash equivalents at the beginning of period 1,534,544 2,060,524
Cash and cash equivalents at the end of period $ 1,153,161 $ 2,377,124