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Supplementary Data on Cash Flows
12 Months Ended
Dec. 31, 2023
Supplemental Cash Flow Information [Abstract]  
Supplementary Data on Cash Flows Supplementary Data on Cash Flows
A 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)202320222021
Cash flows from operating activities:
Net income$446,061 $298,569 $297,860 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization47,415 46,166 37,210 
Deferred income tax (benefit) expense(1,002)9,468 (1,854)
Lease amortization expense6,177 5,554 11,887 
Losses (gains) and impairment losses (recoveries) on investments15,604 27,953 (2,307)
Loss (gain) on disposal of fixed assets1,607 172 (13)
Net investment loss (income)13,772 12,916 (25,944)
Increase (decrease) in deferred compensation6,143 (1,463)(5,006)
(Increase) decrease in receivables from affiliates(100,401)(45,814)15,514 
Increase in accrued investment income(1,157)(1,998)(157)
Increase in pension asset(101,250)— — 
Increase in pension liability— 15,647 52,755 
Decrease (increase) in prepaid expenses and other assets7,729 (25,843)12,161 
Increase (decrease) in accounts payable and accrued expenses7,237 18,993 (4,823)
Increase in commissions payable53,681 29,282 8,408 
(Decrease) increase in accrued agent incentive compensation(27,089)(25,271)10,279 
Increase (decrease) in contract liability6,678 1,821 (3,176)
Net cash provided by operating activities$381,205 $366,152 $402,794