Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 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:

	September 30, 2015				December 31, 2014
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	12,368,319	$	12,386,845	$	12,705,160	$	12,725,806
Equity securities available for sale	177,877		177,877		170,991		170,991
Arbitrage trading account	351,179		351,179		450,648		450,648
Loans receivable	286,273		289,061		322,012		325,219
Cash and cash equivalents	879,934		879,934		674,441		674,441
Trading account receivables from brokers and clearing organizations	401,941		401,941		371,034		371,034
Liabilities:
Due to broker	64,343		64,343		23,133		23,133
Trading account securities sold but not yet purchased	33,360		33,360		106,079		106,079
Subordinated debentures	340,255		343,000		340,060		332,640
Senior notes and other debt	1,838,965		2,047,134		2,115,527		2,344,292