Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 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:

	September 30, 2014				December 31, 2013
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	12,397,756	$	12,418,016	$	11,616,844	$	11,631,744
Equity securities available for sale	222,024		222,024		283,338		283,338
Arbitrage trading account	918,223		918,223		522,128		522,128
Loans receivable	343,300		346,622		343,583		346,746
Cash and cash equivalents	1,342,285		1,342,285		839,738		839,738
Trading account receivables from brokers and clearing organizations	—		—		304,936		304,936
Due from broker	—		—		17,735		17,735
Liabilities:
Due to broker	58,926		58,926		8,273		8,273
Trading account payable to brokers and clearing organizations	95,681		95,681		—		—
Trading account securities sold but not yet purchased	159,537		159,537		162,278		162,278
Junior subordinated debentures	339,995		326,480		339,800		288,540
Senior notes and other debt	2,122,030		2,341,816		1,692,442		1,861,898