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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Management fee received $ 1,982,092 $ 1,887,537 $ 1,845,075
Administrative services reimbursements received 634,300 587,347 588,255
Service agreement revenue received 24,014 25,797 27,627
Net investment income received 45,830 35,740 36,442
Commissions paid to agents (966,285) (928,864) (895,563)
Agents bonuses paid (123,583) (108,227) (115,795)
Salaries and wages paid (204,279) (188,070) (186,460)
Employee benefits paid (32,836) (33,098) (42,728)
General operating expenses paid (235,294) (253,545) (236,128)
Administrative services expenses paid (632,530) (598,753) (582,528)
Income taxes paid (84,494) (82,576) (72,817)
Interest paid (4,141) (693) (853)
Net cash provided by operating activities 402,794 342,595 364,527
Purchase of investments:      
Available-for-sale securities (380,017) (396,014) (956,818)
Equity securities (58,191) (79,518) (66,760)
Other investments (1,646) (1,142) (1,080)
Proceeds from investments:      
Available-for-sale securities sales 150,153 101,718 687,347
Available-for-sale securities maturities/calls 184,820 118,852 303,798
Equity securities 64,118 70,405 16,109
Other investments 1,076 613 3,722
Purchase of fixed assets (148,800) (55,528) (102,039)
Proceeds from disposal of fixed assets 0 15 777
Loans to agents (6,382) (10,098) (17,611)
Collections on agent loans 9,379 7,472 7,921
Net cash used in investing activities (185,490) (243,225) (124,634)
Cash flows from financing activities      
Dividends paid to shareholders (192,801) (272,902) (167,651)
Net payments on long-term borrowings (2,041) (1,967) (1,920)
Net cash used in financing activities (194,842) (274,869) (169,571)
Net increase (decrease) in cash and cash equivalents 22,462 (175,499) 70,322
Cash and cash equivalents, beginning of year 161,240 336,739 266,417
Cash and cash equivalents, end of year 183,702 161,240 336,739
Supplemental disclosure of noncash transactions      
Liability incurred to purchase fixed assets 12,802 14,214 6,800
Operating lease assets obtained in exchange for new operating lease liabilities 3,447 4,943 35,483
Transfer of investments from other investments to equity securities $ 0 $ 13,041 $ 3,310