Net Investment Income (Tables)

3 Months Ended

Mar. 31, 2024

Net Investment Income [Abstract]

Schedule of Net Investment Income

Net investment income consisted of the following: 

	For the Three Months Ended March 31,
(In thousands)	2024		2023
Investment income (loss) earned on:
Fixed maturity securities, including cash and cash equivalents and loans receivable	$	335,248	$	195,642
Arbitrage trading account (1)	18,011		18,256
Equity securities	11,336		13,746
Investment funds	(29,349)		2,180
Real estate	(13,163)		(3,711)
Gross investment income	322,083		226,113
Investment expense	(2,244)		(2,715)
Net investment income	$	319,839	$	223,398

(1) Net investment income includes earnings from trading account receivables from brokers and clearing organizations.