Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 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:

	September 30, 2016				December 31, 2015
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	13,616,671	$	13,636,291	$	12,444,394	$	12,462,847
Equity securities available for sale	158,975		158,975		150,866		150,866
Arbitrage trading account	602,965		602,965		376,697		376,697
Loans receivable	113,996		116,483		273,103		275,747
Cash and cash equivalents	873,064		873,064		763,631		763,631
Trading account receivables from brokers and clearing organizations	185,548		185,548		383,115		383,115
Due from broker	—		—		1,713		1,713
Liabilities:
Due to broker	101,405		101,405		—		—
Trading account securities sold but not yet purchased	60,959		60,959		37,035		37,035
Subordinated debentures	727,390		779,056		340,320		355,880
Senior notes and other debt	1,762,487		1,997,430		1,844,621		2,029,572