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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Management fee received $ 389,346 $ 363,848
Service agreement fee received 7,258 7,270
Net investment income received 7,553 6,182
Limited partnership distributions 643 1,127
Decrease in reimbursements collected from affiliates (11,066) (785)
Commissions paid to agents (182,652) (172,625)
Agents bonuses paid (111,275) (103,933)
Salaries and wages paid (47,442) (45,732)
Pension contribution and employee benefits paid (26,557) (24,636)
General operating expenses paid (61,000) (52,220)
Income taxes recovered (paid) 234 (258)
Interest paid (164)  
Net cash used in operating activities (35,122) (21,762)
Purchase of investments:    
Available-for-sale securities (65,521) (67,557)
Limited partnerships (111) (103)
Proceeds from investments:    
Available-for-sale securities sales 16,633 12,871
Available-for-sale securities maturities/calls 43,460 33,636
Limited partnerships 3,396 1,792
Net purchase of fixed assets (3,551) (3,496)
Net (distributions) collections on agent loans (1,387) 1,008
Net cash used in investing activities (7,081) (21,849)
Cash flows from financing activities    
Dividends paid to shareholders (36,441) (33,996)
Net costs from long-term borrowings (10)  
Net cash used in financing activities (36,451) (33,996)
Net decrease in cash and cash equivalents (78,654) (77,607)
Cash and cash equivalents, beginning of period 189,072 182,889
Cash and cash equivalents, end of period $ 110,418 $ 105,282