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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Management fee received $ 1,019,016 $ 985,317
Administrative services reimbursements received 317,819 301,509
Service agreement fee received 12,742 11,981
Net investment income received 18,595 18,735
Commissions paid to agents (493,058) (464,550)
Agents bonuses paid (126,902) (115,678)
Salaries and wages paid (114,075) (113,452)
Employee benefits paid (21,108) (16,567)
General operating expenses paid (132,297) (126,373)
Administrative services expenses paid (333,532) (310,617)
Income taxes paid (38,989) (40,503)
Interest paid (1,937) (2,082)
Net cash provided by operating activities 106,274 127,720
Purchase of investments:    
Available-for-sale securities (211,492) (168,671)
Equity securities (7,157) (28,408)
Other investments (157) (605)
Proceeds from investments:    
Available-for-sale securities sales 123,758 59,203
Available-for-sale securities maturities/calls 74,628 99,788
Equity securities 10,131 29,856
Other investments 429 869
Purchase of fixed assets (28,021) (28,197)
Proceeds from disposal of fixed assets 156 0
Loans to agents (8,769) (2,930)
Collections on agent loans 4,298 3,584
Net cash used in investing activities (42,196) (35,511)
Cash flows from financing activities    
Dividends paid to shareholders (103,386) (96,400)
Proceeds from short-term borrowings 55,000 0
Payments on short-term borrowings (15,000) 0
Payments on long-term borrowings (94,070) (1,011)
Net cash used in financing activities (157,456) (97,411)
Net decrease in cash and cash equivalents (93,378) (5,202)
Cash and cash equivalents, beginning of period 183,702 161,240
Cash and cash equivalents, end of period 90,324 156,038
Supplemental disclosure of noncash transactions    
Liability incurred to purchase fixed assets 24,833 13,024
Operating lease assets obtained in exchange for new operating lease liabilities $ 1,487 $ 977