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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Management fee received $ 453,635 $ 433,735
Administrative services reimbursements received 140,300 148,308
Service agreement fee received 6,662 6,692
Net investment income received 9,364 9,112
Limited partnership distributions 254 1,225
Commissions paid to agents (215,999) (204,633)
Agents bonuses paid (97,085) (104,689)
Salaries and wages paid (49,520) (50,840)
Employee benefits paid (9,738) (10,875)
General operating expenses paid (68,491) (60,439)
Administrative services expenses paid (149,666) (143,046)
Income taxes recovered 375 138
Interest paid (14) (448)
Net cash provided by operating activities 20,077 24,240
Purchase of investments:    
Available-for-sale securities (137,442) (220,811)
Equity securities (18,089) 0
Limited partnerships (13) (9)
Proceeds from investments:    
Available-for-sale securities sales 44,562 149,155
Available-for-sale securities maturities/calls 35,405 154,343
Equity securities 13,446 0
Limited partnerships 328 2,411
Purchase of fixed assets (21,086) (17,411)
Loans to agents (1,803) (6,233)
Collections on agent loans 1,943 2,313
Net cash (used in) provided by investing activities (82,749) 63,758
Cash flows from financing activities    
Dividends paid to shareholders (44,940) (41,910)
Net payments on long-term borrowings (481) (460)
Net cash used in financing activities (45,421) (42,370)
Net (decrease) increase in cash and cash equivalents (108,093) 45,628
Cash and cash equivalents, beginning of period 336,739 266,417
Cash and cash equivalents, end of period 228,646 312,045
Supplemental disclosure of noncash transactions    
Operating lease assets obtained in exchange for new operating lease liabilities 1,333 32,515
Liability incurred to purchase fixed assets $ 767 $ 0