Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 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:

	September 30, 2013				December 31, 2012
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	11,612,047	$	11,628,850	$	11,943,956	$	11,968,376
Equity securities available for sale	338,907		338,907		376,022		376,022
Arbitrage trading account	619,881		619,881		329,077		329,077
Loans receivable	411,851		417,323		401,961		406,443
Cash and cash equivalents	966,326		966,326		905,670		905,670
Trading account receivables from brokers and clearing organizations	123,320		123,320		446,873		446,873
Due from broker	24,890		24,890		14,449		14,449
Liabilities:
Trading account securities sold but not yet purchased	88,489		88,489		121,487		121,487
Junior subordinated debentures	339,772		302,540		243,206		252,000
Senior notes and other debt	1,696,461		1,887,751		1,871,535		2,190,173