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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Management fee received $ 1,574,694 $ 1,496,372
Administrative services reimbursements received 487,081 471,395
Service agreement fee received 19,025 18,048
Net investment income received 28,901 27,957
Commissions paid to agents (771,664) (726,411)
Agents bonuses paid (131,699) (119,778)
Salaries and wages paid (164,726) (160,784)
Pension contribution and employee benefits paid (57,222) (24,592)
General operating expenses paid (187,152) (180,028)
Administrative services expenses paid (497,007) (471,523)
Income taxes paid (59,989) (63,504)
Interest paid (2,134) (3,114)
Net cash provided by operating activities 238,108 264,038
Purchase of investments:    
Available-for-sale securities (375,466) (267,067)
Equity securities (12,956) (45,654)
Other investments (157) (605)
Proceeds from investments:    
Available-for-sale securities sales 238,732 108,869
Available-for-sale securities maturities/calls 111,419 142,614
Equity securities 16,679 54,303
Other investments 429 903
Purchase of fixed assets (50,885) (38,097)
Proceeds from disposal of fixed assets 265 0
Loans to agents (9,570) (5,648)
Collections on agent loans 6,513 7,224
Net cash used in investing activities (74,997) (43,158)
Cash flows from financing activities    
Dividends paid to shareholders (155,079) (144,600)
Proceeds from short-term borrowings 55,000 0
Payments on short-term borrowings (55,000) 0
Payments on long-term borrowings (94,070) (1,524)
Net cash used in financing activities (249,149) (146,124)
Net (decrease) increase in cash and cash equivalents (86,038) 74,756
Cash and cash equivalents, beginning of period 183,702 161,240
Cash and cash equivalents, end of period 97,664 235,996
Supplemental disclosure of noncash transactions    
Liability incurred to purchase fixed assets 26,386 13,102
Operating lease assets obtained in exchange for new operating lease liabilities $ 3,176 $ 2,379