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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Management fee received $ 557,905 $ 490,360
Administrative services reimbursements received 197,632 193,919
Service agreement revenue received 6,359 6,304
Net investment income received 13,746 9,510
Commissions paid to agents (261,812) (230,831)
Agents bonuses paid (98,925) (122,093)
Salaries and wages paid (75,938) (71,228)
Employee benefits paid (20,048) (11,470)
General operating expenses paid (80,779) (57,477)
Administrative services expenses paid (189,739) (182,437)
Income taxes (paid) recovered (370) 17
Interest paid 0 (1,021)
Net cash provided by operating activities 48,031 23,553
Purchase of investments:    
Available-for-sale securities (47,594) (91,055)
Equity securities (9,707) (4,619)
Other investments (3) 0
Proceeds from investments:    
Available-for-sale securities sales 42,715 48,291
Available-for-sale securities maturities/calls 14,402 42,699
Equity securities 5,430 8,984
Other investments 151 371
Purchase of fixed assets (19,142) (15,458)
Proceeds from disposal of fixed assets 0 30
Loans to agents (903) (5,195)
Collections on agent loans 2,325 2,220
Net cash used in investing activities (12,326) (13,732)
Cash flows from financing activities    
Dividends paid to shareholders (55,419) (51,693)
Payments on long-term borrowings 0 (525)
Net cash used in financing activities (55,419) (52,218)
Net decrease in cash and cash equivalents (19,714) (42,397)
Cash and cash equivalents, beginning of period 142,090 183,702
Cash and cash equivalents, end of period 122,376 141,305
Supplemental disclosure of noncash transactions    
Liability incurred to purchase fixed assets 0 17,673
Operating lease assets obtained in exchange for lease liabilities $ 670 $ 1,008