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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Management fee received $ 937,962 $ 902,958
Administrative services reimbursements received 279,689 296,390
Service agreement fee received 13,108 13,599
Net investment income received 18,217 16,799
Limited partnership distributions 532 1,292
Commissions paid to agents (448,622) (434,599)
Agents bonuses paid (100,185) (108,540)
Salaries and wages paid (100,360) (101,765)
Employee benefits paid (15,962) (22,085)
General operating expenses paid (133,422) (117,915)
Administrative services expenses paid (298,046) (291,136)
Income taxes paid (25,625) (39,863)
Interest paid (4) (719)
Net cash provided by operating activities 127,282 114,416
Purchase of investments:    
Available-for-sale securities (198,192) (615,384)
Equity securities (44,407) 0
Limited partnerships (19) (9)
Other investments (603) (124)
Proceeds from investments:    
Available-for-sale securities sales 68,977 430,596
Available-for-sale securities maturities/calls 58,722 261,902
Equity securities 35,684 0
Limited partnerships 577 2,450
Purchase of fixed assets (37,426) (34,260)
Loans to agents (2,313) (6,947)
Collections on agent loans 3,577 3,991
Net cash (used in) provided by investing activities (115,423) 42,215
Cash flows from financing activities    
Dividends paid to shareholders (89,881) (83,824)
Net payments on long-term borrowings (979) (962)
Net cash used in financing activities (90,860) (84,786)
Net (decrease) increase in cash and cash equivalents (79,001) 71,845
Cash and cash equivalents, beginning of period 336,739 266,417
Cash and cash equivalents, end of period 257,738 338,262
Supplemental disclosure of noncash transactions    
Transfer of investments from limited partnerships to equity securities 4,188 0
Operating lease assets obtained in exchange for new operating lease liabilities 3,440 33,136
Liability incurred to purchase fixed assets $ 814 $ 14,980