2024

2023

2022

Income:

Dividends from subsidiaries

$

130,000

$

179,000

$

222,175

Interest income on notes receivable

7,602

5,769

2,394

(Loss) income on other investments

(3,356)

(6,150)

8,662

Other

1,059

4

857

Total income

135,305

178,623

234,088

Expenses:

Interest expense (Debentures)

7,762

8,122

5,037

Provision for credit loss

625

500

437

Other

6,252

252

2,291

Total expenses

14,639

8,874

7,765

Income before federal income taxes and equity in undistributed net income of subsidiaries

120,666

169,749

226,323

Income tax (benefit) expense

(833)

(1,365)

504

Income before equity in undistributed net income of subsidiaries

121,499

171,114

225,819

Equity in undistributed net income of subsidiaries

287,668

240,654

74,413

Net income

$

409,167

$

411,768

$

300,232