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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Management fee received $ 1,656,098 $ 1,474,277
Administrative services reimbursements received 410,927 500,337
Service agreement revenue received 11,698 11,735
Net investment income received 46,038 37,795
Commissions paid to agents (825,406) (783,117)
Incentive compensation paid to agents (137,949) (85,401)
Salaries and wages paid (130,034) (139,121)
Pension contribution and employee benefits paid (80,554) (78,227)
General operating expenses paid (148,455) (154,610)
Administrative services expenses paid (395,538) (414,543)
Income taxes paid (100,011) (73,431)
Net cash provided by operating activities 306,814 295,694
Purchase of investments:    
Available-for-sale securities (529,834) (208,686)
Equity securities (95,633) (14,517)
Proceeds from investments:    
Available-for-sale securities sales 387,027 63,703
Available-for-sale securities maturities/calls 85,548 67,415
Equity securities 10,908 16,769
Other investments 252 0
Purchase of fixed assets (78,933) (49,931)
Loans to agents and others (18,700) (18,166)
Collections on agent and other loans 4,708 6,841
Net cash used in investing activities (234,657) (136,572)
Cash flows from financing activities    
Dividends paid to shareholders (136,218) (127,138)
Net changes in cash collateral for securities lent 1,089 27,646
Net cash used in financing activities (135,129) (99,492)
Net (decrease) increase in cash, cash equivalents and restricted cash (62,972) 59,630
Cash, cash equivalents and restricted cash, beginning of period 345,874 298,397
Cash, cash equivalents and restricted cash, end of period 282,902 358,027
Supplemental disclosure of noncash transactions    
Liability incurred to purchase fixed assets 5,255 844
Operating lease assets obtained in exchange for lease liabilities 2,999 2,523
Receipt of donated equipment $ 0 $ 1,967