Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024				December 31, 2023
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	20,964,854	$	20,967,212	$	20,178,308	$	20,181,547
Equity securities	1,178,048		1,178,048		1,090,347		1,090,347
Arbitrage trading account	1,146,119		1,146,119		938,049		938,049
Loans receivable	228,766		229,156		201,271		198,244
Cash and cash equivalents	1,169,053		1,169,053		1,363,195		1,363,195
Trading account receivables from brokers and clearing organizations	141,277		141,277		303,614		303,614
Due from broker	—		—		36,747		36,747
Liabilities:
Due to broker	33,027		33,027		—		—
Trading account securities sold but not yet purchased	40,298		40,298		9,357		9,357
Senior notes and other debt	1,827,997		1,435,877		1,827,951		1,480,076
Subordinated debentures	1,009,269		893,358		1,009,090		929,598