Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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:

	June 30, 2014				December 31, 2013
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	12,088,055	$	12,107,686	$	11,616,844	$	11,631,744
Equity securities available for sale	257,059		257,059		283,338		283,338
Arbitrage trading account	732,279		732,279		522,128		522,128
Loans receivable	655,691		659,183		343,583		346,746
Cash and cash equivalents	842,671		842,671		839,738		839,738
Trading account receivables from brokers and clearing organizations	57,454		57,454		304,936		304,936
Due from broker	—		—		17,735		17,735
Liabilities:
Due to broker	18,850		18,850		8,273		8,273
Trading account securities sold but not yet purchased	111,991		111,991		162,278		162,278
Junior subordinated debentures	339,930		325,500		339,800		288,540
Senior notes and other debt	1,697,037		1,939,000		1,692,442		1,861,898