Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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:

	June 30, 2017				December 31, 2016
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	13,514,085	$	13,530,606	$	13,190,668	$	13,204,814
Equity securities available for sale	612,807		612,807		669,200		669,200
Arbitrage trading account	634,016		634,016		299,999		299,999
Loans receivable	96,064		97,566		106,798		108,299
Cash and cash equivalents	788,354		788,354		795,285		795,285
Trading account receivables from brokers and clearing organizations	164,696		164,696		484,593		484,593
Liabilities:
Due to broker	124,428		124,428		19,416		19,416
Trading account securities sold but not yet purchased	62,860		62,860		51,179		51,179
Subordinated debentures	727,924		786,857		727,630		687,504
Senior notes and other debt	1,759,115		1,952,275		1,760,595		1,914,727