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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flow from operating activities:    
Net Income (Loss) $ 210,913 $ 449,381
Adjustments to reconcile net earnings to cash provided by operations:    
Depreciation 883,104 718,755
Amortization of premiums and accretion of discounts related to investments, net 13,527 10,431
Amortization of debt issuance costs 5,213 4,275
Interest credited to policyholders 72,952 58,290
Change in allowance for losses on trade receivables (1,369) 1,463
Operating lease right-of-use asset amortization 6,813 8,015
Net gain on sale of real and personal property 86,732 (28,849)
Net losses on disposal of real estate 5,610 9,453
Net (gains) losses on sales of fixed maturity securities 2,356 19
Net gains on equity securities (5,175) (7,299)
Deferred income taxes 99,677 48,769
Net change in other operating assets and liabilities:    
Reinsurance recoverables and trade receivables 59,566 34,720
Inventories and parts (11,888) (4,209)
Prepaid expenses (70,301) (20,559)
Capitalization of deferred policy acquisition costs 5,551 (1,791)
Other assets (2,704) (19,270)
Related party assets (12,987) (2,404)
Increase (Decrease) in Accounts Payable and Accrued Liabilities (16,859) 20,461
Policy benefits and losses, claims and loss expenses payable 63,053 (22,069)
Other policyholders' funds and liabilities (1,754) 2,825
Deferred income 1,195 3,602
Related party liabilities (2,630) (909)
Net cash provided by operating activities 1,390,595 1,255,896
Cash flow from investing activities:    
Increase Decrease Escrow Deposits 729 3,445
Purchase of:    
Property, plant and equipment (2,602,669) (2,863,496)
Fixed maturity investments (266,213) (441,974)
Equity securities (3,531) (852)
Investments, other (144,986) (92,774)
Proceeds from sales and paydowns of:    
Property, plant and equipment 571,544 530,135
Fixed maturity investments 310,459 318,634
Equity securities 14,745 10,842
Investments, other 107,318 97,594
Net cash used by investing activities (2,012,604) (2,438,446)
Cash flow from financing activities:    
Borrowings from credit facilities 1,760,351 1,404,974
Principal repayments on credit facilities (902,232) (713,949)
Payment of debt issuance costs (10,602) (4,224)
Finance lease payments (32,901) (60,661)
Securitization deposits 345 331
Series N Non-Voting Common Stock dividends paid (26,471) (26,471)
Investment contract deposits 247,328 389,848
Investment contract withdrawals (378,377) (318,005)
Net cash provided by financing activities 657,441 671,843
Effects of exchange rate on cash 7,997 (6,439)
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation, Total 43,429 (517,146)
Cash and cash equivalents at the beginning of period 988,828 1,534,544
Cash and cash equivalents at the end of period $ 1,032,257 $ 1,017,398