Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2023

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:

	June 30, 2023				December 31, 2022
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	18,055,623	$	18,058,505	$	17,587,349	$	17,591,626
Equity securities	1,239,712		1,239,712		1,185,894		1,185,894
Arbitrage trading account	723,967		723,967		944,230		944,230
Loans receivable	181,562		177,609		193,002		187,981
Cash and cash equivalents	1,823,558		1,823,558		1,449,346		1,449,346
Trading account receivables from brokers and clearing organizations	484,457		484,457		233,863		233,863
Due from broker	—		—		3,609		3,609
Liabilities:
Due to broker	100,795		100,795		—		—
Senior notes and other debt	1,827,080		1,444,422		1,828,823		1,439,188
Subordinated debentures	1,008,730		870,898		1,008,371		805,600