Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 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:

	September 30, 2023				December 31, 2022
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	19,035,305	$	19,037,149	$	17,587,349	$	17,591,626
Equity securities	1,182,061		1,182,061		1,185,894		1,185,894
Arbitrage trading account	825,049		825,049		944,230		944,230
Loans receivable	177,750		174,300		193,002		187,981
Cash and cash equivalents	1,646,074		1,646,074		1,449,346		1,449,346
Trading account receivables from brokers and clearing organizations	401,982		401,982		233,863		233,863
Due from broker	—		—		3,609		3,609
Liabilities:
Due to broker	5,118		5,118		—		—
Trading account securities sold but not yet purchased	7,538		7,538		—		—
Senior notes and other debt	1,828,046		1,321,014		1,828,823		1,439,188
Subordinated debentures	1,008,910		786,798		1,008,371		805,600