Net Investment Income (Tables)

6 Months Ended

Jun. 30, 2015

Net Investment Income [Abstract]

Schedule of Net Investment Income

Net investment income consists of the following:

	For the Three Months						For the Six Months
	Ended June 30,						Ended June 30,
(In thousands)	2015			2014			2015			2014
Investment income (loss) earned on:
Fixed maturity securities, including cash and cash equivalents and loans receivable	$	105,030		$	107,760		$	213,159		$	214,658
Investment funds	21,851			22,356			27,912			76,155
Arbitrage trading account	(117		)	6,942			8,862			12,461
Equity securities available for sale	1,224			2,103			2,404			4,049
Real estate	2,114			3,063			4,881			6,165
Gross investment income	130,102			142,224			257,218			313,488
Investment expense	(2,519		)	(3,495		)	(5,396		)	(6,048		)
Net investment income	$	127,583		$	138,729		$	251,822		$	307,440