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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Management fee received $ 2,100,989 $ 1,982,092 $ 1,887,537
Administrative services reimbursements received 668,857 634,300 587,347
Service agreement revenue received 25,515 24,014 25,797
Net investment income received 40,161 45,830 35,740
Commissions paid to agents (1,042,158) (966,285) (928,864)
Agents bonuses paid (136,403) (123,583) (108,227)
Salaries and wages paid (208,575) (204,279) (188,070)
Pension contribution and employee benefits paid (68,433) (32,836) (33,098)
General operating expenses paid (263,524) (235,294) (253,545)
Administrative services expenses paid (667,524) (632,530) (598,753)
Income taxes paid (80,619) (84,494) (82,576)
Interest paid (2,134) (4,141) (693)
Net cash provided by operating activities 366,152 402,794 342,595
Purchase of investments:      
Available-for-sale securities (465,071) (380,017) (396,014)
Equity securities (18,929) (58,191) (79,518)
Other investments (157) (1,646) (1,142)
Proceeds from investments:      
Available-for-sale securities sales 295,996 150,153 101,718
Available-for-sale securities maturities/calls 130,401 184,820 118,852
Equity securities 20,456 64,118 70,405
Other investments 429 1,076 613
Purchase of fixed assets (67,204) (148,800) (55,528)
Proceeds from disposal of fixed assets 265 0 15
Loans to agents (11,631) (6,382) (10,098)
Collections on agent loans 8,523 9,379 7,472
Net cash used in investing activities (106,922) (185,490) (243,225)
Cash flows from financing activities      
Dividends paid to shareholders (206,772) (192,801) (272,902)
Proceeds from short-term borrowings 55,000 0 0
Payments on short-term borrowings (55,000) 0 0
Payments on long-term borrowings (94,070) (2,041) (1,967)
Net cash used in financing activities (300,842) (194,842) (274,869)
Net (decrease) increase in cash and cash equivalents (41,612) 22,462 (175,499)
Cash and cash equivalents, beginning of year 183,702 161,240 336,739
Cash and cash equivalents, end of year 142,090 183,702 161,240
Supplemental disclosure of noncash transactions      
Liability incurred to purchase fixed assets 26,386 12,802 14,214
Operating lease assets obtained in exchange for lease liabilities 7,650 3,447 4,943
Transfer of investments from other investments to equity securities $ 0 $ 0 $ 13,041