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STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Management fee received $ 2,420,192 $ 2,100,989 $ 1,982,092
Administrative services reimbursements received 721,928 668,857 634,300
Service agreement revenue received 26,018 25,515 24,014
Net investment income received 57,448 40,161 45,830
Commissions paid to agents (1,200,014) (1,042,158) (966,285)
Incentive compensation paid to agents (120,211) (136,403) (123,583)
Salaries and wages paid (226,036) (208,575) (204,279)
Pension contribution and employee benefits paid (169,762) (68,433) (32,836)
General operating expenses paid (293,857) (263,524) (235,294)
Administrative services expenses paid (730,129) (667,524) (632,530)
Income taxes paid (104,372) (80,619) (84,494)
Interest paid 0 (2,134) (4,141)
Net cash provided by operating activities 381,205 366,152 402,794
Purchase of investments:      
Available-for-sale securities (279,999) (465,071) (380,017)
Equity securities (35,480) (18,929) (58,191)
Other investments (88) (157) (1,646)
Proceeds from investments:      
Available-for-sale securities sales 160,614 295,996 150,153
Available-for-sale securities maturities/calls 76,617 130,401 184,820
Equity securities 24,458 20,456 64,118
Other investments 871 429 1,076
Purchase of fixed assets (92,647) (67,204) (148,800)
Proceeds from disposal of fixed assets 0 265 0
Loans to agents and other (20,525) (11,631) (6,382)
Collections on agent and other loans 8,614 8,523 9,379
Net cash used in investing activities (157,565) (106,922) (185,490)
Cash flows from financing activities      
Dividends paid to shareholders (221,675) (206,772) (192,801)
Proceeds from short-term borrowings 0 55,000 0
Payments on short-term borrowings 0 (55,000) 0
Payments on long-term borrowings 0 (94,070) (2,041)
Net cash used in financing activities (221,675) (300,842) (194,842)
Net increase (decrease) in cash, cash equivalents, and restricted cash 1,965 (41,612) 22,462
Cash, cash equivalents, and restricted cash, beginning of year 142,090 183,702 161,240
Cash, cash equivalents, and restricted cash, end of year 144,055 142,090 183,702
Supplemental disclosure of noncash transactions      
Liability incurred to purchase fixed assets 0 26,386 12,802
Operating lease assets obtained in exchange for lease liabilities $ 5,866 $ 7,650 $ 3,447