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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Management fee received $ 1,496,372 $ 1,434,070
Administrative services reimbursements received 471,395 432,133
Service agreement fee received 18,048 19,418
Net investment income received 27,957 26,817
Commissions paid to agents (726,411) (696,447)
Agents bonuses paid (119,778) (104,301)
Salaries and wages paid (160,784) (146,420)
Employee benefits paid (24,592) (24,067)
General operating expenses paid (180,028) (193,613)
Administrative services expenses paid (471,523) (440,531)
Income taxes paid (63,504) (72,576)
Interest paid (3,114) (5)
Net cash provided by operating activities 264,038 234,478
Purchase of investments:    
Available-for-sale securities (267,067) (338,093)
Equity securities (45,654) (66,847)
Other investments (605) (788)
Proceeds from investments:    
Available-for-sale securities sales 108,869 89,264
Available-for-sale securities maturities/calls 142,614 92,731
Equity securities 54,303 55,000
Other investments 903 589
Purchase of fixed assets (38,097) (52,289)
Loans to agents (5,648) (3,773)
Collections on agent loans 7,224 5,635
Net cash used in investing activities (43,158) (218,571)
Cash flows from financing activities    
Dividends paid to shareholders (144,600) (134,821)
Net payments on long-term borrowings (1,524) (1,470)
Net cash used in financing activities (146,124) (136,291)
Net increase (decrease) in cash and cash equivalents 74,756 (120,384)
Cash and cash equivalents, beginning of period 161,240 336,739
Cash and cash equivalents, end of period 235,996 216,355
Supplemental disclosure of noncash transactions    
Transfer of investments from limited partnerships to equity securities 0 13,041
Operating lease assets obtained in exchange for new operating lease liabilities 2,379 4,107
Liability incurred to purchase fixed assets $ 13,102 $ 496