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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Management fee received $ 1,387,877 $ 1,309,769
Administrative services reimbursements received 420,697 428,071
Service agreement fee received 20,754 21,297
Net investment income received 25,461 26,625
Limited partnership distributions 1,596 6,008
Commissions paid to agents (669,618) (639,574)
Agents bonuses paid (112,262) (130,657)
Salaries and wages paid (138,279) (136,868)
Pension contributions and employee benefits paid (31,926) (106,718)
General operating expenses paid (179,799) (144,759)
Administrative services expenses paid (424,919) (427,852)
Income taxes paid (60,863) (29,208)
Interest paid (853) (1,820)
Net cash provided by operating activities 237,866 174,314
Purchase of investments:    
Available-for-sale securities (852,886) (194,773)
Equity securities (46,536) (4,087)
Limited partnerships (20) (217)
Other investments (252) 0
Proceeds from investments:    
Available-for-sale securities sales 655,519 125,913
Available-for-sale securities maturities/calls 282,846 98,922
Equity securities 4,505 4,159
Limited partnerships 3,600 3,046
Purchase of fixed assets (68,363) (48,667)
Agent loan distributions (16,458) (41,767)
Agent loan repayments 5,804 4,496
Net cash used in investing activities (32,241) (52,975)
Cash flows from financing activities    
Dividends paid to shareholders (125,737) (117,355)
Net (payments) proceeds from long-term borrowings (1,433) 24,983
Net cash used in financing activities (127,170) (92,372)
Net increase in cash and cash equivalents 78,455 28,967
Cash and cash equivalents, beginning of period 266,417 215,721
Cash and cash equivalents, end of period 344,872 244,688
Supplemental disclosure of noncash transactions    
Operating lease assets obtained in exchange for new operating lease liabilities 33,678 0
Liability incurred to purchase fixed assets $ 8,286 $ 0