Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

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, 2016				December 31, 2015
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	12,745,436	$	12,765,246	$	12,444,394	$	12,462,847
Equity securities available for sale	141,699		141,699		150,866		150,866
Arbitrage trading account	384,519		384,519		376,697		376,697
Loans receivable	149,388		151,920		273,103		275,747
Cash and cash equivalents	837,515		837,515		763,631		763,631
Trading account receivables from brokers and clearing organizations	373,833		373,833		383,115		383,115
Due from broker	—		—		1,713		1,713
Liabilities:
Due to broker	71,024		71,024		—		—
Trading account securities sold but not yet purchased	35,956		35,956		37,035		37,035
Subordinated debentures	446,485		462,256		340,320		355,880
Senior notes and other debt	1,814,998		2,018,282		1,844,621		2,029,572