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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flow from operating activities:    
Net Income (Loss) $ 247,881 $ 382,215
Adjustments to reconcile net earnings to cash provided by operations:    
Depreciation 584,185 469,138
Amortization of premiums and accretion of discounts related to investments, net 9,182 7,073
Amortization of debt issuance costs 3,434 2,880
Interest credited to policyholders 47,809 37,584
Change in allowance for losses on trade receivables (1,423) 1,811
Operating lease right-of-use asset amortization 4,553 5,297
Net gain on sale of real and personal property 60,432 (25,323)
Net losses on disposal of real estate 2,914 6,095
Net (gains) losses on sales of fixed maturity securities 3,029 (84)
Net gains on equity securities (126) (3,069)
Deferred income taxes 72,387 60,089
Net change in other operating assets and liabilities:    
Reinsurance recoverables and trade receivables 56,525 (1,661)
Inventories and parts (13,004) (6,653)
Prepaid expenses (33,534) (33,317)
Capitalization of deferred policy acquisition costs 2,612 105
Other assets (13,028) (13,412)
Related party assets (3,143) (4,833)
Increase (Decrease) in Accounts Payable and Accrued Liabilities 80,415 103,331
Policy benefits and losses, claims and loss expenses payable 36,096 1,784
Other policyholders' funds and liabilities (1,615) 10,025
Deferred income 2,873 2,818
Related party liabilities 1,542 6,045
Net cash provided by operating activities 1,149,996 984,278
Cash flow from investing activities:    
Increase Decrease Escrow Deposits 581 4,808
Purchase of:    
Property, plant and equipment (1,914,502) (1,927,002)
Fixed maturity investments (159,726) (227,330)
Equity securities (3,458) (610)
Investments, other (84,265) (62,859)
Proceeds from sales and paydowns of:    
Property, plant and equipment 386,058 364,824
Fixed maturity investments 186,042 200,821
Equity securities 6,704 10,606
Investments, other 85,240 48,491
Net cash used by investing activities (1,497,326) (1,597,867)
Cash flow from financing activities:    
Borrowings from credit facilities 951,543 972,428
Principal repayments on credit facilities (425,838) (443,431)
Payment of debt issuance costs (5,808) (3,922)
Finance lease payments (24,693) (39,259)
Securitization deposits 224 189
Series N Non-Voting Common Stock dividends paid (17,647) (17,647)
Investment contract deposits 181,834 226,771
Investment contract withdrawals (222,462) (184,544)
Net cash provided by financing activities 437,153 510,585
Effects of exchange rate on cash 4,169 4,099
Increase (decrease) in cash and cash equivalents 93,992 (98,905)
Cash and cash equivalents at the beginning of period 988,828 1,534,544
Cash and cash equivalents at the end of period $ 1,082,820 $ 1,435,639