Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2021

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, 2021				December 31, 2020
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	16,073,135	$	16,084,457	$	14,159,369	$	14,173,629
Equity securities	818,738		818,738		625,667		625,667
Arbitrage trading account	860,339		860,339		341,473		341,473
Loans receivable	115,495		116,923		84,913		86,596
Cash and cash equivalents	2,069,029		2,069,029		2,372,366		2,372,366
Trading account receivables from brokers and clearing organizations	221,165		221,165		524,727		524,727
Due from broker	—		—		2,585		2,585
Liabilities:
Due to broker	107,435		107,435		—		—
Trading account securities sold but not yet purchased	739		739		10,048		10,048
Senior notes and other debt	2,258,646		2,502,912		1,623,025		1,892,444
Subordinated debentures	1,007,472		1,104,166		1,102,309		1,202,842