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Supplementary Data on Cash Flows (Tables) | 12 Months Ended
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Dec. 31, 2024
Supplemental Cash Flow Information [Abstract] |
Schedule of Reconciliation of Net Income to Net Cash Provided by Operating Activities as Presented in the Statements of Cash Flows | A reconciliation of net income to net cash provided by operating activities as presented in the Consolidated Statements of Cash Flows is as follows for the years ended December 31:
(in thousands) |  | 2024 |  | 2023 |  | 2022
Cash flows from operating activities: |  |  |  |  |  |
Net income |  | $ | 600,314 |  |  | $ | 446,061 |  |  | $ | 298,569 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Depreciation and amortization |  | 56,530 |  |  | 47,415 |  |  | 46,166 |
Deferred income tax expense (benefit) |  | 4,026 |  |  | (1,002) |  |  | 9,468 |
Lease amortization expense |  | 7,377 |  |  | 6,177 |  |  | 5,554 |
Losses (gains) and impairment losses on investments |  | 895 |  |  | 15,604 |  |  | 27,953 |
Loss on disposal of fixed assets |  | 3,874 |  |  | 1,607 |  |  | 172 |
Net investment (income) loss |  | (874) |  |  | 13,772 |  |  | 12,916 |
Increase (decrease) in deferred compensation |  | 2,677 |  |  | 6,143 |  |  | (1,463) |
Increase in receivables from affiliates |  | (81,722) |  |  | (100,401) |  |  | (45,814) |
Increase in accrued investment income |  | (1,611) |  |  | (1,157) |  |  | (1,998) |
Increase in pension asset |  | (34,516) |  |  | (101,250) |  |  | — |
Increase in pension liability |  | — |  |  | — |  |  | 15,647 |
(Increase) decrease in prepaid expenses and other assets |  | (2,996) |  |  | 7,729 |  |  | (25,843) |
(Decrease) increase in accounts payable and accrued expenses |  | (7,517) |  |  | 7,237 |  |  | 18,993 |
Increase in commissions payable |  | 54,600 |  |  | 53,681 |  |  | 29,282 |
Increase (decrease) in accrued agent incentive compensation |  | 7,381 |  |  | (27,089) |  |  | (25,271) |
Increase in contract liability |  | 2,811 |  |  | 6,678 |  |  | 1,821 |
Net cash provided by operating activities |  | $ | 611,249 |  |  | $ | 381,205 |  |  | $ | 366,152 |

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