Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2018

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, 2018				December 31, 2017
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	13,218,729	$	13,231,392	$	13,551,250	$	13,566,976
Equity securities	472,389		472,389		576,647		576,647
Arbitrage trading account	721,088		721,088		617,649		617,649
Loans receivable	98,088		100,400		79,684		82,047
Cash and cash equivalents	911,202		911,202		950,471		950,471
Trading account receivables from brokers and clearing organizations	119,628		119,628		189,280		189,280
Liabilities:
Due to broker	62,522		62,522		15,920		15,920
Trading account securities sold but not yet purchased	90,281		90,281		64,358		64,358
Subordinated debentures	907,117		929,297		728,218		769,060
Senior notes and other debt	1,792,055		1,918,004		1,769,052		1,945,313