XML 160 R130.htm IDEA: XBRL DOCUMENT v3.22.0.1
Parent Corporation Statements of Cash Flows (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net income $ 403,837 $ 246,355 $ 271,623
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Stock-based compensation expense 15,893 16,227 19,077
Undistributed losses of equity method investments (69,873) (12,408) (12,773)
Amortization - other 55,109 59,350 55,205
Changes in assets and liabilities:      
Decrease in net federal income taxes (542) 7,708 7,721
Increase in other assets (33,379) (27,927) (39,337)
(Decrease) increase in other liabilities 78,121 27,897 34,998
Investing Activities      
Purchase of fixed income securities, available-for-sale (2,165,555) (1,723,818) (1,856,125)
Purchase of short-term investments (4,345,140) (5,762,725) (6,087,909)
Purchase of other investments (85,044) (79,598) (64,908)
Redemption and maturities of fixed income securities, available-for-sale 1,217,555 1,019,132 626,686
Sale of fixed income securities, available-for-sale 502,911 487,087 594,743
Sale of equity securities 99,235 1,320 137,294
Sale of short-term investments 4,306,684 5,635,463 6,129,885
Proceeds from Sale of Other Investments 959 0 0
Financing Activities      
Dividends to preferred stockholders (9,353) 0 0
Dividends to common stockholders (60,136) (54,486) (47,675)
Acquisition of treasury stock (9,050) (7,053) (8,164)
Net proceeds from stock purchase and compensation plans 7,976 8,411 8,243
Preferred stock issued, net of issuance costs (479) 195,063 0
Cash, beginning of year 394    
Cash, end of year 455 394  
Payments to Acquire Equity Securities, FV-NI (88,640) (230,813) (46,397)
Parent Company [Member]      
Operating Activities      
Net income 403,837 246,355 271,623
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Equity in undistributed income of subsidiaries, net of tax (297,220) (176,146) (205,963)
Stock-based compensation expense 15,893 16,227 19,077
Net realized and unrealized investment gains (1,898) (1,756) (207)
Undistributed losses of equity method investments (1,859) 672 0
Amortization - other 1,076 1,080 4,614
Changes in assets and liabilities:      
Increase (decrease) in accrued long-term stock compensation 2,727 (366) (12,970)
Decrease in net federal income taxes 3,843 5,549 1,651
Increase in other assets (7,251) (317) (533)
(Decrease) increase in other liabilities (1,742) (390) 3,919
Net cash provided by operating activities 117,406 90,908 81,211
Investing Activities      
Purchase of fixed income securities, available-for-sale (113,829) (89,726) (153,482)
Purchase of short-term investments (330,843) (523,961) (1,116,766)
Purchase of other investments (4,949) (4,065) 0
Redemption and maturities of fixed income securities, available-for-sale 51,524 26,877 10,579
Sale of fixed income securities, available-for-sale 15,713 23,276 20,189
Sale of equity securities 31,204 0 10,828
Sale of short-term investments 311,225 523,813 1,116,253
Capital contribution to subsidiaries 0 (30,000) 0
Net cash used in investing activities (44,672) (231,197) (123,223)
Financing Activities      
Dividends to preferred stockholders (9,353) 0 0
Dividends to common stockholders (60,136) (54,486) (47,675)
Acquisition of treasury stock (9,050) (7,053) (8,164)
Proceeds from borrowings 0 50,000 290,757
Repayment of borrowings 0 (50,000) (185,000)
Net proceeds from stock purchase and compensation plans 7,976 8,411 8,243
Preferred stock issued, net of issuance costs (479) 195,063 0
Principal payments of borrowings from subsidiaries (1,631) (1,552) (16,354)
Net cash (used in) provided by financing activities (72,673) 140,383 41,807
Net increase (decrease) in cash 61 94 (205)
Cash, beginning of year 394 300 505
Cash, end of year 455 394 300
Payments to Acquire Equity Securities, FV-NI $ (5,676) $ (157,411) $ (10,824)