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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Management fee received $ 433,735 $ 418,897
Administrative services reimbursements received 148,308 150,422
Service agreement fee received 6,692 7,145
Net investment income received 9,112 8,951
Limited partnership distributions 1,225 426
Commissions paid to agents (204,633) (192,803)
Agents bonuses paid (104,689) (122,607)
Salaries and wages paid (50,840) (54,668)
Pension contributions and employee benefits paid (10,875) (49,199)
General operating expenses paid (60,439) (59,033)
Administrative services expenses paid (143,046) (146,935)
Income taxes recovered (paid) 138 (276)
Interest paid (448) (550)
Net cash provided by (used in) operating activities 24,240 (40,230)
Purchase of investments:    
Available-for-sale securities (220,811) (77,263)
Equity securities 0 (1,035)
Limited partnerships (9) (31)
Proceeds from investments:    
Available-for-sale securities sales 149,155 57,717
Available-for-sale securities maturities/calls 154,343 28,473
Equity securities 0 1,055
Limited partnerships 2,411 910
Purchase of fixed assets (17,411) (8,691)
Distributions on agent loans (6,233) (19,310)
Collections on agent loans 2,313 1,436
Net cash provided by (used in) investing activities 63,758 (16,739)
Cash flows from financing activities    
Dividends paid to shareholders (41,910) (39,116)
Net payments on long-term borrowings (460) (9)
Net cash used in financing activities (42,370) (39,125)
Net increase (decrease) in cash and cash equivalents 45,628 (96,094)
Cash and cash equivalents, beginning of period 266,417 215,721
Cash and cash equivalents, end of period 312,045 119,627
Supplemental disclosure of noncash transactions    
Operating lease assets obtained in exchange for new operating lease liabilities $ 32,515 $ 0