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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Cash flows from operating activities:          
Net income $ 206,793 $ 164,373 $ 554,187 $ 303,447  
Adjustments to reconcile net income to cash provided by (used in) operating activities:          
Change in future policy benefits and other policy liabilities     33,210 79,105  
Deferral of policy acquisition costs     (407,712) (411,221)  
Amortization of deferred policy acquisition costs 81,498 75,539 240,091 221,231  
Change in income taxes     (48,382) (97,618)  
Investment (gains) losses (652) (2,209) 1,457 (3,415)  
Accretion and amortization of investments     (2,510) (2,748)  
Depreciation and amortization     14,337 19,078  
Change in reinsurance recoverables     203,525 154,257  
Change in agent balances, due premiums and other receivables     (18,479) (28,906)  
Change in renewal commissions receivable     2,641 22,150  
Trading securities sold, matured, called or (acquired), net     (9,610) 15,238  
Share-based compensation     19,802 19,543  
Impairment of goodwill and other long-lived assets     0 253,607  
Gain on insurance proceeds received from acquisition representation and warranty policy     0 (50,000)  
Loss on disposal of discontinued operations, excluding income tax benefit     0 95,787  
Change in other operating assets and liabilities, net     (19,623) 1,913  
Net cash provided by (used in) operating activities     562,934 591,448  
Available-for-sale investments sold, matured or called:          
Fixed-maturity securities — sold     18,328 6,685  
Fixed-maturity securities — matured or called     349,949 298,810  
Short-term investments — matured or called     0 268  
Equity securities — sold     26 0  
Equity securities — matured or called     1,829 4,375  
Available-for-sale investments acquired:          
Fixed-maturity securities     (468,324) (496,290)  
Equity securities — acquired     (169) (157)  
Purchases of property and equipment and other investing activities, net     (17,450) (26,648)  
Cash collateral received (returned) on loaned securities, net     18,501 (14,549)  
Sales (purchases) of short-term investments using securities lending collateral, net     (18,501) 14,549  
Insurance Proceeds Received from Acquisition Representation and Warranty Policy     0 50,000  
Disposal of cash in discontinued operations     0 (18,613)  
Net cash provided by (used in) investing activities     (115,811) (181,570)  
Cash flows from financing activities:          
Dividends paid     (102,764) (82,606)  
Common stock repurchased     (379,972) (380,645)  
Tax withholdings on share-based compensation     (8,697) (8,333)  
Finance leases     (205) (192)  
Net cash provided by (used in) financing activities     (491,638) (471,776)  
Effect of foreign exchange rate changes on cash     1,549 (1,108)  
Change in cash and cash equivalents     (42,966) (63,006)  
Cash and cash equivalents, beginning of period     687,821 613,148 $ 613,148
Cash and cash equivalents, end of period $ 644,855 $ 550,142 $ 644,855 $ 550,142 $ 687,821