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Supplementary Data on Cash Flows | 12 Months Ended
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Dec. 31, 2024
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 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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- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/230/tableOfContent + Details
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- References No definition available. + Details
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