Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Fair Value Disclosures [Abstract]

Carrying Amounts and Estimated Fair Values of Financial Insruments

The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments as of December 31, 2013 and 2012:

	2013				2012
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	11,616,844	$	11,631,744	$	11,943,956	$	11,968,376
Equity securities available for sale	283,338		283,338		376,022		376,022
Arbitrage trading account	522,128		522,128		329,077		329,077
Loans receivable	343,583		346,746		401,961		406,443
Cash and cash equivalents	839,738		839,738		905,670		905,670
Trading accounts receivable from brokers and clearing organizations	304,936		304,936		446,873		446,873
Due from broker	17,735		17,735		14,449		14,449
Liabilities:
Trading account securities sold but not yet purchased	162,278		162,278		121,487		121,487
Junior subordinated debentures	339,800		288,540		243,206		252,000
Senior notes and other debt	1,692,442		1,861,898		1,871,535		2,190,173