Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

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, 2017				December 31, 2016
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	13,422,979	$	13,438,004	$	13,190,668	$	13,204,814
Equity securities available for sale	611,378		611,378		669,200		669,200
Arbitrage trading account	753,278		753,278		299,999		299,999
Loans receivable	103,650		105,153		106,798		108,299
Cash and cash equivalents	608,393		608,393		795,285		795,285
Trading account receivables from brokers and clearing organizations	29,131		29,131		484,593		484,593
Due from broker	3,749		3,749		—		—
Liabilities:
Due to broker	—		—		19,416		19,416
Trading account securities sold but not yet purchased	51,348		51,348		51,179		51,179
Subordinated debentures	727,777		750,104		727,630		687,504
Senior notes and other debt	1,759,494		1,927,392		1,760,595		1,914,727