Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Carrying Amounts And Estimated Fair Values Of Financial Instruments

The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments:

	June 30, 2013				December 31, 2012
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	11,635,178	$	11,652,382	$	11,943,956	$	11,968,376
Equity securities available for sale	434,841		434,841		376,022		376,022
Arbitrage trading account	680,713		680,713		329,077		329,077
Loans receivable	359,177		363,942		401,961		406,443
Cash and cash equivalents	658,839		658,839		905,670		905,670
Trading account receivables from brokers and clearing organizations	144,150		144,150		446,873		446,873
Due from broker	8,901		8,901		14,449		14,449
Liabilities:
Trading account securities sold but not yet purchased	171,990		171,990		121,487		121,487
Junior subordinated debentures	339,614		327,040		243,206		252,000
Senior notes and other debt	1,695,986		1,889,098		1,871,535		2,190,173