Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2015

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, 2015				December 31, 2014
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	12,652,269	$	12,673,353	$	12,705,160	$	12,725,806
Equity securities available for sale	174,709		174,709		170,991		170,991
Arbitrage trading account	972,629		972,629		450,648		450,648
Loans receivable	280,769		283,836		322,012		325,219
Cash and cash equivalents	614,695		614,695		674,441		674,441
Trading account receivables from brokers and clearing organizations	—		—		371,034		371,034
Liabilities:
Due to broker	18,260		18,260		23,133		23,133
Trading account payable to brokers and clearing organizations	165,420		165,420		—		—
Trading account securities sold but not yet purchased	99,299		99,299		106,079		106,079
Subordinated debentures	340,125		354,480		340,060		332,640
Senior notes and other debt	2,112,456		2,388,949		2,115,527		2,344,292