Net Investment Income (Tables)

9 Months Ended

Sep. 30, 2016

Net Investment Income [Abstract]

Schedule of Net Investment Income

Net investment income consists of the following:

	For the Three Months						For the Nine Months
	Ended September 30,						Ended September 30,
(In thousands)	2016			2015			2016			2015
Investment income earned on:
Fixed maturity securities, including cash and cash equivalents and loans receivable	$	114,271		$	104,936		$	331,448		$	318,095
Investment funds	25,293			22,926			60,385			50,838
Arbitrage trading account	6,441			2,608			12,883			11,470
Equity securities available for sale	1,069			1,109			3,217			3,513
Real estate	585			4,389			4,552			9,270
Gross investment income	147,659			135,968			412,485			393,186
Investment expense	(1,991		)	(2,754		)	(7,635		)	(8,150		)
Net investment income	$	145,668		$	133,214		$	404,850		$	385,036