Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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:

	June 30, 2015				December 31, 2014
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	12,395,810	$	12,413,636	$	12,705,160	$	12,725,806
Equity securities available for sale	153,513		153,513		170,991		170,991
Arbitrage trading account	830,212		830,212		450,648		450,648
Loans receivable	259,411		262,341		322,012		325,219
Cash and cash equivalents	756,368		756,368		674,441		674,441
Trading account receivables from brokers and clearing organizations	41,576		41,576		371,034		371,034
Liabilities:
Due to broker	39,795		39,795		23,133		23,133
Trading account securities sold but not yet purchased	155,484		155,484		106,079		106,079
Subordinated debentures	340,190		338,660		340,060		332,640
Senior notes and other debt	1,843,865		2,025,469		2,115,527		2,344,292