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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Management fee received $ 664,288 $ 557,905
Administrative services reimbursements received 209,846 197,632
Service agreement revenue received 6,514 6,359
Net investment income received 15,950 13,746
Commissions paid to agents (315,059) (261,812)
Incentive compensation paid to agents (72,413) (98,925)
Salaries and wages paid (82,203) (75,938)
Pension contribution and employee benefits paid (54,376) (20,048)
General operating expenses paid (80,064) (80,779)
Administrative services expenses paid (208,432) (189,739)
Income taxes recovered (paid) 3,142 (370)
Net cash provided by operating activities 87,193 48,031
Purchase of investments:    
Available-for-sale securities (77,530) (47,594)
Equity securities (7,137) (9,707)
Other investments 0 (3)
Proceeds from investments:    
Available-for-sale securities sales 25,922 42,715
Available-for-sale securities maturities/calls 46,926 14,402
Equity securities 6,927 5,430
Other investments 0 151
Purchase of fixed assets (22,446) (19,142)
Loans to agents (2,507) (903)
Collections on agent loans 2,846 2,325
Net cash used in investing activities (26,999) (12,326)
Cash flows from financing activities    
Dividends paid to shareholders (59,377) (55,419)
Net cash used in financing activities (59,377) (55,419)
Net increase (decrease) in cash, cash equivalents, and restricted cash 817 (19,714)
Cash, cash equivalents, and restricted cash beginning of period 144,055 142,090
Cash, cash equivalents, and restricted cash end of period 144,872 122,376
Supplemental disclosure of noncash transactions    
Liability incurred to purchase fixed assets 16,382 0
Operating lease assets obtained in exchange for lease liabilities $ 2,872 $ 670