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Fair Value of Financial Instruments (Carrying Amounts and Estimated Fair Values of Financial Instruments) (Details) - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Assets:    
Arbitrage trading account $ 376,697 $ 450,648
Loans receivable 275,747 325,219
Due To Broker 0 23,133
Due To Broker Fair Value 0 23,133
Carrying Value    
Assets:    
Fixed maturity securities 12,444,394 12,705,160
Equity securities available for sale 150,866 170,991
Arbitrage trading account 376,697 450,648
Loans receivable 273,103 322,012
Cash and cash equivalents 763,631 674,441
Trading accounts receivable from brokers and clearing organizations 383,115 371,034
Due from broker 1,713 0
Liabilities:    
Trading account securities sold but not yet purchased 37,035 106,079
Subordinated debentures 340,320 340,060
Senior notes and other debt 1,844,621 2,115,527
Fair Value    
Assets:    
Fixed maturity securities 12,462,847 12,725,806
Equity securities available for sale 150,866 170,991
Arbitrage trading account 376,697 450,648
Loans receivable 275,747 325,219
Cash and cash equivalents 763,631 674,441
Trading accounts receivable from brokers and clearing organizations 383,115 371,034
Due from broker 1,713 0
Liabilities:    
Trading account securities sold but not yet purchased 37,035 106,079
Subordinated debentures 355,880 332,640
Senior notes and other debt $ 2,029,572 $ 2,344,292