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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Management fee received $ 1,434,070 $ 1,387,877
Administrative services reimbursements received 432,133 420,697
Service agreement fee received 19,418 20,754
Net investment income received 26,066 25,461
Limited partnership distributions 751 1,596
Commissions paid to agents (696,447) (669,618)
Agents bonuses paid (104,301) (112,262)
Salaries and wages paid (146,420) (138,279)
Employee benefits paid (24,067) (31,926)
General operating expenses paid (193,613) (179,799)
Administrative services expenses paid (440,531) (424,919)
Income taxes paid (72,576) (60,863)
Interest paid (5) (853)
Net cash provided by operating activities 234,478 237,866
Purchase of investments:    
Available-for-sale securities (338,093) (852,886)
Equity securities (66,847) (46,536)
Limited partnerships (20) (20)
Other investments (768) (252)
Proceeds from investments:    
Available-for-sale securities sales 89,264 655,519
Available-for-sale securities maturities/calls 92,731 282,846
Equity securities 55,000 4,505
Limited partnerships 589 3,600
Purchase of fixed assets (52,289) (68,363)
Loans to agents (3,773) (16,458)
Collections on agent loans 5,635 5,804
Net cash used in investing activities (218,571) (32,241)
Cash flows from financing activities    
Dividends paid to shareholders (134,821) (125,737)
Net payments on long-term borrowings (1,470) (1,433)
Net cash used in financing activities (136,291) (127,170)
Net (decrease) increase in cash and cash equivalents (120,384) 78,455
Cash and cash equivalents, beginning of period 336,739 266,417
Cash and cash equivalents, end of period 216,355 344,872
Supplemental disclosure of noncash transactions    
Transfer of investments from limited partnerships to equity securities 13,041 0
Operating lease assets obtained in exchange for new operating lease liabilities 4,107 33,678
Liability incurred to purchase fixed assets $ 496 $ 8,286