Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2019

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, 2019				December 31, 2018
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	14,086,075	$	14,100,741	$	13,606,812	$	13,619,620
Equity securities	443,654		443,654		279,006		279,006
Arbitrage trading account	641,993		641,993		452,548		452,548
Loans receivable	92,285		95,155		94,813		97,073
Cash and cash equivalents	812,550		812,550		817,602		817,602
Trading account receivables from brokers and clearing organizations	209,061		209,061		347,228		347,228
Liabilities:
Due to broker	75,207		75,207		20,144		20,144
Trading account securities sold but not yet purchased	68,976		68,976		38,120		38,120
Subordinated debentures	908,053		955,426		907,491		840,002
Senior notes and other debt	1,434,725		1,597,911		1,882,028		1,968,996