Net Investment Income (Tables)

12 Months Ended

Dec. 31, 2021

Net Investment Income [Abstract]

Net Investment Income

Net investment income consists of the following:

(In thousands)	2021		2020		2019
Investment income earned on:
Fixed maturity securities, including cash and cash equivalents and loans receivable	$	382,001	$	426,563	$	517,925
Investment funds	220,014		54,253		69,194
Arbitrage trading account	37,676		77,931		34,585
Real estate	7,703		24,027		24,218
Equity securities	32,020		10,172		5,439
Gross investment income	679,414		592,946		651,361
Investment expense	(7,796)		(9,125)		(5,747)
Net investment income	$	671,618	$	583,821	$	645,614