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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 184,327 $ 226,033
Adjustments to reconcile net income to cash provided by (used in) operating activities:    
Change in future policy benefits and other policy liabilities 45,890 170,843
Deferral of policy acquisition costs (257,187) (285,707)
Amortization of deferred policy acquisition costs 171,442 120,390
Change in income taxes (20,353) (3,366)
Investment (gains) losses 1,141 (2,467)
Accretion and amortization of investments 2,310 2,523
Depreciation and amortization 17,353 10,766
Change in reinsurance recoverables 193,086 43,474
Change in agent balances, due premiums and other receivables 2,771 (13,530)
Change in renewal commissions receivable 26,227 (1,838)
Trading securities sold, matured, or called (acquired), net 14,860 (17,615)
Share-based compensation 18,591 14,192
Change in other operating assets and liabilities, net (15,976) 11,095
Net cash provided by (used in) operating activities 384,482 274,793
Available-for-sale investments sold, matured or called:    
Fixed-maturity securities — sold 5,598 95,812
Fixed-maturity securities — matured or called 211,176 208,270
Short-term investments — sold   10,089
Short-term investments — matured or called 85,302  
Equity securities — sold   690
Equity securities — matured or called 3,000  
Available-for-sale investments acquired:    
Fixed-maturity securities (380,001) (384,161)
Short-term investments (3,311) (50,902)
Equity securities — acquired (89) (764)
Purchases of property and equipment and other investing activities, net (14,360) (12,102)
Cash collateral received (returned) on loaned securities, net 2,074 8,459
Sales (purchases) of short-term investments using securities lending collateral, net (2,074) (8,459)
Purchase of business, net of cash acquired 3,867  
Net cash provided by (used in) investing activities (88,818) (133,068)
Cash flows from financing activities:    
Dividends paid (42,823) (37,280)
Common stock repurchased (226,962)  
Proceeds from revolving credit facility   125,000
Payment on note issued to seller of business (12,364)  
Tax withholdings on share-based compensation (4,863) (6,485)
Finance leases (129) (133)
Net cash provided by (used in) financing activities (287,141) 81,102
Effect of foreign exchange rate changes on cash (905) 4,195
Change in cash and cash equivalents 7,618 227,022
Cash and cash equivalents, beginning of period 392,501 547,569
Cash and cash equivalents, end of period $ 400,119 $ 774,591