XML 18 R8.htm IDEA: XBRL DOCUMENT v3.23.3
STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Management fee received $ 1,799,681 $ 1,574,694
Administrative services reimbursements received 538,943 487,081
Service agreement revenue received 19,367 19,025
Net investment income received 42,579 28,901
Commissions paid to agents (889,510) (771,664)
Agents bonuses paid (112,968) (131,699)
Salaries and wages paid (178,176) (164,726)
Pension contribution and employee benefits paid (150,992) (57,222)
General operating expenses paid (226,949) (187,152)
Administrative services expenses paid (540,834) (497,007)
Income taxes paid (68,372) (59,989)
Interest paid 0 (2,134)
Net cash provided by operating activities 232,769 238,108
Purchase of investments:    
Available-for-sale securities (206,616) (375,466)
Equity securities (26,195) (12,956)
Other investments (7) (157)
Proceeds from investments:    
Available-for-sale securities sales 126,361 238,732
Available-for-sale securities maturities/calls 55,772 111,419
Equity securities 14,919 16,679
Other investments 853 429
Purchase of fixed assets (72,101) (50,885)
Proceeds from disposal of fixed assets 0 265
Loans to agents (5,473) (9,570)
Collections on agent loans 6,757 6,513
Net cash used in investing activities (105,730) (74,997)
Cash flows from financing activities    
Dividends paid to shareholders (166,256) (155,079)
Proceeds from short-term borrowings 0 55,000
Payments on short-term borrowings 0 (55,000)
Payments on long-term borrowings 0 (94,070)
Net cash used in financing activities (166,256) (249,149)
Net decrease in cash and cash equivalents (39,217) (86,038)
Cash and cash equivalents, beginning of period 142,090 183,702
Cash and cash equivalents, end of period 102,873 97,664
Supplemental disclosure of noncash transactions    
Liability incurred to purchase fixed assets 0 26,386
Operating lease assets obtained in exchange for lease liabilities $ 7,674 $ 3,176