Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2014

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:

	March 31, 2014				December 31, 2013
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	11,986,477	$	12,004,315	$	11,616,844	$	11,631,744
Equity securities available for sale	322,773		322,773		283,338		283,338
Arbitrage trading account	681,077		681,077		522,128		522,128
Loans receivable	373,166		376,198		343,583		346,746
Cash and cash equivalents	643,575		643,575		839,738		839,738
Trading account receivables from brokers and clearing organizations	74,786		74,786		304,936		304,936
Due from broker	—		—		17,735		17,735
Liabilities:
Due to broker	42,095		42,095		8,273		8,273
Trading account securities sold but not yet purchased	91,118		91,118		162,278		162,278
Junior subordinated debentures	339,865		301,560		339,800		288,540
Senior notes and other debt	1,692,690		1,897,820		1,692,442		1,861,898