Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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:

	June 30, 2016				December 31, 2015
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	12,954,922	$	12,976,680	$	12,444,394	$	12,462,847
Equity securities available for sale	286,652		286,652		150,866		150,866
Arbitrage trading account	496,522		496,522		376,697		376,697
Loans receivable	142,858		145,367		273,103		275,747
Cash and cash equivalents	948,710		948,710		763,631		763,631
Trading account receivables from brokers and clearing organizations	349,223		349,223		383,115		383,115
Due from broker	—		—		1,713		1,713
Liabilities:
Due to broker	50,343		50,343		—		—
Trading account securities sold but not yet purchased	120,663		120,663		37,035		37,035
Subordinated debentures	727,242		764,392		340,320		355,880
Senior notes and other debt	1,808,522		2,011,434		1,844,621		2,029,572