Supplementary Data on Cash Flows

12 Months Ended

Dec. 31, 2021

Supplemental Cash Flow Information [Abstract]

Supplementary Data on Cash Flows

Supplementary Data on Cash FlowsA reconciliation of net income to net cash provided by operating activities as presented in the Statements of Cash Flows is as follows for the years ended December 31:

(in thousands)	2021		2020		2019
Cash flows from operating activities:
Net income	$	297,860	$	293,304	$	316,821
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	37,210		21,195		16,813
Deferred income tax (benefit) expense	(1,854)		(5,162)		3,349
Lease amortization expense	11,887		13,108		13,959
Realized (gains) and impairment (recoveries) losses on investments	(2,307)		(3,114)		(5,908)
(Gain) loss on disposal of fixed assets	(13)		(15)		75
Net investment (income) loss	(25,944)		5,878		543
(Decrease) increase in deferred compensation	(5,006)		7,611		(1,541)
Decrease (increase) in receivables from affiliates	15,514		(26,548)		(19,505)
Increase in accrued investment income	(157)		(713)		(170)
Decrease in prepaid pension	52,755		41,227		28,798
Decrease (increase) in prepaid expenses and other assets	12,161		(4,771)		(1,707)
Decrease in accounts payable and accrued expenses	(4,823)		(14,307)		(3,627)
Increase (decrease) in commissions payable	8,408		(625)		21,390
Increase (decrease) in accrued agent bonuses	10,279		14,105		(7,409)
(Decrease) increase in contract liability	(3,176)		1,422		2,646
Net cash provided by operating activities	$	402,794	$	342,595	$	364,527