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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Management fee received $ 985,317 $ 937,962
Administrative services reimbursements received 301,509 279,689
Service agreement fee received 11,981 13,108
Net investment income received 18,735 18,749
Commissions paid to agents (464,550) (448,622)
Agents bonuses paid (115,678) (100,185)
Salaries and wages paid (113,452) (100,360)
Employee benefits paid (16,567) (15,962)
General operating expenses paid (126,373) (133,422)
Administrative services expenses paid (310,617) (298,046)
Income taxes paid (40,503) (25,625)
Interest paid (2,082) (4)
Net cash provided by operating activities 127,720 127,282
Purchase of investments:    
Available-for-sale securities (168,671) (198,192)
Equity securities (28,408) (44,407)
Other investments (605) (622)
Proceeds from investments:    
Available-for-sale securities sales 59,203 68,977
Available-for-sale securities maturities/calls 99,788 58,722
Equity securities 29,856 35,684
Other investments 869 577
Purchase of fixed assets (28,197) (37,426)
Loans to agents (2,930) (2,313)
Collections on agent loans 3,584 3,577
Net cash used in investing activities (35,511) (115,423)
Cash flows from financing activities    
Dividends paid to shareholders (96,400) (89,881)
Net payments on long-term borrowings (1,011) (979)
Net cash used in financing activities (97,411) (90,860)
Net decrease in cash and cash equivalents (5,202) (79,001)
Cash and cash equivalents, beginning of period 161,240 336,739
Cash and cash equivalents, end of period 156,038 257,738
Supplemental disclosure of noncash transactions    
Transfer of investments from limited partnerships to equity securities 0 4,188
Operating lease assets obtained in exchange for new operating lease liabilities 977 3,440
Liability incurred to purchase fixed assets $ 13,024 $ 814