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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Management fee received $ 486,040 $ 453,635
Administrative services reimbursements received 157,692 140,300
Service agreement fee received 6,079 6,662
Net investment income received 9,873 9,618
Commissions paid to agents (219,346) (215,999)
Agents bonuses paid (111,099) (97,085)
Salaries and wages paid (68,373) (49,520)
Employee benefits paid (8,152) (9,738)
General operating expenses paid (56,456) (68,491)
Administrative services expenses paid (161,731) (149,666)
Income taxes (paid) recovered (1) 375
Interest paid (1,044) (14)
Net cash provided by operating activities 33,482 20,077
Purchase of investments:    
Available-for-sale securities (75,183) (137,442)
Equity securities (18,819) (18,089)
Other investments (349) (13)
Proceeds from investments:    
Available-for-sale securities sales 31,238 44,562
Available-for-sale securities maturities/calls 45,145 35,405
Equity securities 16,326 13,446
Other investments 819 328
Purchase of fixed assets (11,146) (21,086)
Loans to agents (997) (1,803)
Collections on agent loans 2,138 1,943
Net cash used in investing activities (10,828) (82,749)
Cash flows from financing activities    
Dividends paid to shareholders (48,200) (44,940)
Net payments on long-term borrowings (502) (481)
Net cash used in financing activities (48,702) (45,421)
Net decrease in cash and cash equivalents (26,048) (108,093)
Cash and cash equivalents, beginning of period 161,240 336,739
Cash and cash equivalents, end of period 135,192 228,646
Supplemental disclosure of noncash transactions    
Operating lease assets obtained in exchange for new operating lease liabilities 68 1,333
Liability incurred to purchase fixed assets $ 17,098 $ 767