Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 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:

	September 30, 2017				December 31, 2016
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	13,873,690	$	13,890,354	$	13,190,668	$	13,204,814
Equity securities available for sale	614,025		614,025		669,200		669,200
Arbitrage trading account	488,238		488,238		299,999		299,999
Loans receivable	74,229		76,615		106,798		108,299
Cash and cash equivalents	773,997		773,997		795,285		795,285
Trading account receivables from brokers and clearing organizations	297,208		297,208		484,593		484,593
Liabilities:
Due to broker	58,973		58,973		19,416		19,416
Trading account securities sold but not yet purchased	44,937		44,937		51,179		51,179
Subordinated debentures	728,071		728,291		727,630		687,504
Senior notes and other debt	1,759,929		1,946,700		1,760,595		1,914,727