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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Management fee received $ 490,360 $ 486,040
Administrative services reimbursements received 193,919 157,692
Service agreement fee received 6,304 6,079
Net investment income received 9,510 9,873
Commissions paid to agents (230,831) (219,346)
Agents bonuses paid (122,093) (111,099)
Salaries and wages paid (71,228) (68,373)
Employee benefits paid (11,470) (8,152)
General operating expenses paid (57,477) (56,456)
Administrative services expenses paid (182,437) (161,731)
Income taxes recovered (paid) 17 (1)
Interest paid (1,021) (1,044)
Net cash provided by operating activities 23,553 33,482
Purchase of investments:    
Available-for-sale securities (91,055) (75,183)
Equity securities (4,619) (18,819)
Other investments 0 (349)
Proceeds from investments:    
Available-for-sale securities sales 48,291 31,238
Available-for-sale securities maturities/calls 42,699 45,145
Equity securities 8,984 16,326
Other investments 371 819
Purchase of fixed assets (15,458) (11,146)
Proceeds from disposal of fixed assets 30 0
Loans to agents (5,195) (997)
Collections on agent loans 2,220 2,138
Net cash used in investing activities (13,732) (10,828)
Cash flows from financing activities    
Dividends paid to shareholders (51,693) (48,200)
Net payments on long-term borrowings (525) (502)
Net cash used in financing activities (52,218) (48,702)
Net decrease in cash and cash equivalents (42,397) (26,048)
Cash and cash equivalents, beginning of period 183,702 161,240
Cash and cash equivalents, end of period 141,305 135,192
Supplemental disclosure of noncash transactions    
Liability incurred to purchase fixed assets 17,673 17,098
Operating lease assets obtained in exchange for new operating lease liabilities $ 1,008 $ 68