Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

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, 2022				December 31, 2021
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	16,426,196	$	16,433,614	$	16,602,673	$	16,614,118
Equity securities	1,126,491		1,126,491		941,243		941,243
Arbitrage trading account	1,188,910		1,188,910		1,179,606		1,179,606
Loans receivable	115,097		115,556		115,172		116,534
Cash and cash equivalents	2,114,841		2,114,841		1,568,843		1,568,843
Due from broker	—		—		20,448		20,448
Liabilities:
Due to broker	77,601		77,601		—		—
Trading account payable to brokers and clearing organizations	56,652		56,652		53,636		53,636
Trading account securities sold but not yet purchased	241		241		1,169		1,169
Senior notes and other debt	1,834,155		1,788,992		2,259,416		2,526,630
Subordinated debentures	1,007,832		957,670		1,007,652		1,095,600