XML 18 R8.htm IDEA: XBRL DOCUMENT v3.24.3
STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Management fee received $ 2,162,259 $ 1,799,681
Administrative services reimbursements received 557,361 538,943
Service agreement revenue received 19,804 19,367
Net investment income received 49,047 42,579
Commissions paid to agents (1,067,993) (889,510)
Incentive compensation paid to agents (88,299) (112,968)
Salaries and wages paid (189,088) (178,176)
Pension contribution and employee benefits paid (90,217) (150,992)
General operating expenses paid (229,675) (226,949)
Administrative services expenses paid (581,527) (540,834)
Income taxes paid (123,881) (68,372)
Net cash provided by operating activities 417,791 232,769
Purchase of investments:    
Available-for-sale securities (373,381) (206,616)
Equity securities (25,665) (26,195)
Other investments (7,000) (7)
Proceeds from investments:    
Available-for-sale securities sales 156,357 126,361
Available-for-sale securities maturities/calls 152,174 55,772
Equity securities 29,953 14,919
Other investments 0 853
Purchase of fixed assets (78,202) (72,101)
Loans to agents and others (32,317) (5,473)
Collections on agent loans 7,675 6,757
Net cash used in investing activities (170,406) (105,730)
Cash flows from financing activities    
Dividends paid to shareholders (178,132) (166,256)
Net changes in cash collateral for securities lent 7,905 0
Net cash used in financing activities (170,227) (166,256)
Net increase (decrease) in cash, cash equivalents and restricted cash 77,158 (39,217)
Cash, cash equivalents and restricted cash beginning of period 144,055 142,090
Cash, cash equivalents and restricted cash end of period 221,213 102,873
Supplemental disclosure of noncash transactions    
Liability incurred to purchase fixed assets 10,792 0
Operating lease assets obtained in exchange for lease liabilities $ 7,106 $ 7,674