XML 77 R67.htm IDEA: XBRL DOCUMENT v3.19.2
Fair Value Measurements (Assets and Liabilities Measured At Fair Value, On a Recurring Basis) (Details) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets:    
Total fixed maturity securities available for sale $ 13,654,253 $ 13,528,177
Equity securities 416,588 279,006
Arbitrage trading account 533,442 452,548
Fair Value, Measurements, Recurring    
Assets:    
Total fixed maturity securities available for sale 13,654,253 13,528,177
Equity securities 416,588 279,006
Arbitrage trading account 533,442 452,548
Assets, fair value disclosure 14,604,283 14,259,731
Liabilities:    
Securities sold but not yet purchased 159,349 38,120
Fair Value, Measurements, Recurring | U.S. government and government agency    
Assets:    
Total fixed maturity securities available for sale 777,070 702,240
Fair Value, Measurements, Recurring | State and municipal    
Assets:    
Total fixed maturity securities available for sale 3,747,823 3,872,598
Fair Value, Measurements, Recurring | Mortgage-backed securities    
Assets:    
Total fixed maturity securities available for sale 1,575,866 1,594,546
Fair Value, Measurements, Recurring | Asset-backed    
Assets:    
Total fixed maturity securities available for sale 2,701,785 2,438,747
Fair Value, Measurements, Recurring | Corporate    
Assets:    
Total fixed maturity securities available for sale 4,036,285 4,111,311
Fair Value, Measurements, Recurring | Foreign government    
Assets:    
Total fixed maturity securities available for sale 815,424 808,735
Fair Value, Measurements, Recurring | Common stocks    
Assets:    
Equity securities 140,226 98,192
Fair Value, Measurements, Recurring | Preferred stocks    
Assets:    
Equity securities 276,362 180,814
Level 1 | Fair Value, Measurements, Recurring    
Assets:    
Total fixed maturity securities available for sale 0 0
Equity securities 131,242 89,596
Arbitrage trading account 424,030 353,335
Assets, fair value disclosure 555,272 442,931
Liabilities:    
Securities sold but not yet purchased 144,420 37,327
Level 1 | Fair Value, Measurements, Recurring | U.S. government and government agency    
Assets:    
Total fixed maturity securities available for sale 0 0
Level 1 | Fair Value, Measurements, Recurring | State and municipal    
Assets:    
Total fixed maturity securities available for sale 0 0
Level 1 | Fair Value, Measurements, Recurring | Mortgage-backed securities    
Assets:    
Total fixed maturity securities available for sale 0 0
Level 1 | Fair Value, Measurements, Recurring | Asset-backed    
Assets:    
Total fixed maturity securities available for sale 0 0
Level 1 | Fair Value, Measurements, Recurring | Corporate    
Assets:    
Total fixed maturity securities available for sale 0 0
Level 1 | Fair Value, Measurements, Recurring | Foreign government    
Assets:    
Total fixed maturity securities available for sale 0 0
Level 1 | Fair Value, Measurements, Recurring | Common stocks    
Assets:    
Equity securities 131,242 89,596
Level 1 | Fair Value, Measurements, Recurring | Preferred stocks    
Assets:    
Equity securities 0 0
Level 2 | Fair Value, Measurements, Recurring    
Assets:    
Total fixed maturity securities available for sale 13,654,228 13,528,078
Equity securities 272,426 176,869
Arbitrage trading account 83,206 81,905
Assets, fair value disclosure 14,009,860 13,786,852
Liabilities:    
Securities sold but not yet purchased 213 0
Level 2 | Fair Value, Measurements, Recurring | U.S. government and government agency    
Assets:    
Total fixed maturity securities available for sale 777,070 702,240
Level 2 | Fair Value, Measurements, Recurring | State and municipal    
Assets:    
Total fixed maturity securities available for sale 3,747,823 3,872,598
Level 2 | Fair Value, Measurements, Recurring | Mortgage-backed securities    
Assets:    
Total fixed maturity securities available for sale 1,575,866 1,594,546
Level 2 | Fair Value, Measurements, Recurring | Asset-backed    
Assets:    
Total fixed maturity securities available for sale 2,701,760 2,438,648
Level 2 | Fair Value, Measurements, Recurring | Corporate    
Assets:    
Total fixed maturity securities available for sale 4,036,285 4,111,311
Level 2 | Fair Value, Measurements, Recurring | Foreign government    
Assets:    
Total fixed maturity securities available for sale 815,424 808,735
Level 2 | Fair Value, Measurements, Recurring | Common stocks    
Assets:    
Equity securities 0 0
Level 2 | Fair Value, Measurements, Recurring | Preferred stocks    
Assets:    
Equity securities 272,426 176,869
Level 3 | Fair Value, Measurements, Recurring    
Assets:    
Total fixed maturity securities available for sale 25 99
Equity securities 12,920 12,541
Arbitrage trading account 26,206 17,308
Assets, fair value disclosure 39,151 29,948
Liabilities:    
Securities sold but not yet purchased 14,716 793
Level 3 | Fair Value, Measurements, Recurring | U.S. government and government agency    
Assets:    
Total fixed maturity securities available for sale 0 0
Level 3 | Fair Value, Measurements, Recurring | State and municipal    
Assets:    
Total fixed maturity securities available for sale 0 0
Level 3 | Fair Value, Measurements, Recurring | Mortgage-backed securities    
Assets:    
Total fixed maturity securities available for sale 0 0
Level 3 | Fair Value, Measurements, Recurring | Asset-backed    
Assets:    
Total fixed maturity securities available for sale 25 99
Level 3 | Fair Value, Measurements, Recurring | Corporate    
Assets:    
Total fixed maturity securities available for sale 0 0
Level 3 | Fair Value, Measurements, Recurring | Foreign government    
Assets:    
Total fixed maturity securities available for sale 0 0
Level 3 | Fair Value, Measurements, Recurring | Common stocks    
Assets:    
Equity securities 8,984 8,596
Level 3 | Fair Value, Measurements, Recurring | Preferred stocks    
Assets:    
Equity securities $ 3,936 $ 3,945