Net Investment Income (Tables)

9 Months Ended

Sep. 30, 2017

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)	2017			2016			2017			2016
Investment income earned on:
Fixed maturity securities, including cash and cash equivalents and loans receivable	$	118,834		$	114,271		$	347,976		$	331,448
Investment funds	15,200			25,293			50,744			60,385
Arbitrage trading account	4,418			6,441			16,235			12,883
Real estate	5,042			585			14,894			4,552
Equity securities available for sale	604			1,069			1,845			3,217
Gross investment income	144,098			147,659			431,694			412,485
Investment expense	(1,619		)	(1,991		)	(5,093		)	(7,635		)
Net investment income	$	142,479		$	145,668		$	426,601		$	404,850