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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Management fee received $ 902,958 $ 859,694
Administrative services reimbursements received 296,390 298,056
Service agreement fee received 13,599 14,225
Net investment income received 16,799 17,279
Limited partnership distributions 1,292 3,037
Commissions paid to agents (434,599) (413,880)
Agents bonuses paid (108,540) (126,594)
Salaries and wages paid (101,765) (102,601)
Pension contributions and employee benefits paid (22,085) (99,334)
General operating expenses paid (117,915) (111,381)
Administrative services expenses paid (291,136) (295,635)
Income taxes paid (39,863) (208)
Interest paid (719) (1,065)
Net cash provided by operating activities 114,416 41,593
Purchase of investments:    
Available-for-sale securities (615,384) (114,848)
Equity securities 0 (1,035)
Limited partnerships (9) (215)
Other investments (124) 0
Proceeds from investments:    
Available-for-sale securities sales 430,596 76,387
Available-for-sale securities maturities/calls 261,902 69,674
Equity securities 0 1,157
Limited partnerships 2,450 2,682
Purchase of fixed assets (34,260) (18,121)
Distributions on agent loans (6,947) (24,440)
Collections on agent loans 3,991 3,106
Net cash provided by (used in) investing activities 42,215 (5,653)
Cash flows from financing activities    
Dividends paid to shareholders (83,824) (78,235)
Net (payments) proceeds from long-term borrowings (962) 24,986
Net cash used in financing activities (84,786) (53,249)
Net increase (decrease) in cash and cash equivalents 71,845 (17,309)
Cash and cash equivalents, beginning of period 266,417 215,721
Cash and cash equivalents, end of period 338,262 $ 198,412
Supplemental disclosure of noncash transactions    
Operating lease assets obtained in exchange for new operating lease liabilities 33,136  
Liability incurred to purchase fixed assets $ 14,980