Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

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:

	March 31, 2020				December 31, 2019
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	13,666,067	$	13,678,391	$	14,180,961	$	14,194,955
Equity securities	356,102		356,102		480,620		480,620
Arbitrage trading account	666,829		666,829		400,809		400,809
Loans receivable	87,058		91,074		91,799		94,613
Cash and cash equivalents	965,012		965,012		1,023,710		1,023,710
Trading account receivables from brokers and clearing organizations	132,928		132,928		423,543		423,543
Due from broker	11,476		11,476		—		—
Liabilities:
Due to broker	—		—		27,116		27,116
Trading account securities sold but not yet purchased	14,003		14,003		36,143		36,143
Subordinated debentures	1,198,951		1,092,780		1,198,704		1,274,088
Senior notes and other debt	1,432,117		1,454,081		1,427,575		1,582,290