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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Management fee received $ 2,418,043 $ 2,162,259
Administrative services reimbursements received 609,462 557,361
Service agreement revenue received 18,671 19,804
Net investment income received 59,253 49,047
Commissions paid to agents (1,230,933) (1,067,993)
Incentive compensation paid to agents (89,926) (88,299)
Salaries and wages paid (200,461) (189,088)
Pension contribution and employee benefits paid (96,557) (90,217)
General operating expenses paid (236,538) (229,675)
Administrative services expenses paid (631,913) (581,527)
Income taxes paid (104,001) (123,881)
Net cash provided by operating activities 515,100 417,791
Purchase of investments:    
Available-for-sale securities (221,616) (373,381)
Equity securities (15,767) (25,665)
Other investments 0 (7,000)
Proceeds from investments:    
Available-for-sale securities sales 78,021 156,357
Available-for-sale securities maturities/calls 135,335 152,174
Equity securities 29,289 29,953
Other investments 3 0
Purchase of fixed assets (84,925) (78,202)
Loans to agents and others (30,746) (32,317)
Collections on agent and other loans 9,354 7,675
Net cash used in investing activities (101,052) (170,406)
Cash flows from financing activities    
Dividends paid to shareholders (190,706) (178,132)
Net changes in cash collateral for securities lent 46,812 7,905
Net cash used in financing activities (143,894) (170,227)
Net increase in cash, cash equivalents and restricted cash 270,154 77,158
Cash, cash equivalents and restricted cash, beginning of period 298,397 144,055
Cash, cash equivalents and restricted cash, end of period 568,551 221,213
Supplemental disclosure of noncash transactions    
Liability incurred to purchase fixed assets 24,259 10,792
Operating lease assets obtained in exchange for lease liabilities 2,962 7,106
Receipt of donated equipment $ 1,967 $ 0