Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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:

	September 30, 2024				December 31, 2023
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	22,663,878	$	22,665,931	$	20,178,308	$	20,181,547
Equity securities	1,048,126		1,048,126		1,090,347		1,090,347
Arbitrage trading account	820,928		820,928		938,049		938,049
Loans receivable	389,869		389,861		201,271		198,244
Cash and cash equivalents	1,573,238		1,573,238		1,363,195		1,363,195
Trading account receivables from brokers and clearing organizations	410,756		410,756		303,614		303,614
Due from broker	—		—		36,747		36,747
Liabilities:
Due to broker	85,920		85,920		—		—
Trading account securities sold but not yet purchased	36,093		36,093		9,357		9,357
Senior notes and other debt	1,827,788		1,522,430		1,827,951		1,480,076
Subordinated debentures	1,009,629		922,564		1,009,090		929,598