Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2011

Fair Value Of Financial Instruments

Carrying Amounts And Estimated Fair Values Of Financial Instruments

	June 30, 2011				December 31, 2010
(Dollars in thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	11,279,509	$	11,292,086	$	11,209,154	$	11,215,317
Equity securities available for sale		511,052		511,052		561,053		561,053
Arbitrage trading account		474,787		474,787		359,192		359,192
Investment in arbitrage funds		59,728		59,728		60,660		60,660
Loans receivable		311,663		284,666		353,583		312,515
Cash and cash equivalents		794,881		794,881		642,952		642,952
Trading account receivables from brokers and clearing organizations		242,720		242,720		339,235		339,235
Liabilities:
Trading account securities sold but not yet purchased		68,255		68,255		53,494		53,494
Due to broker		78,629		78,629		5,318		5,318
Junior subordinated debentures		242,893		250,800		242,784		249,900
Senior notes and other debt		1,501,739		1,631,197		1,500,419		1,570,057