Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2025

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:

	June 30, 2025				December 31, 2024
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Fixed maturity securities	$	24,093,156	$	24,094,270	$	22,397,865	$	22,399,426
Equity securities	1,262,192		1,262,192		1,203,788		1,203,788
Arbitrage trading account	1,034,557		1,034,557		1,122,599		1,122,599
Loans receivable	324,365		324,699		405,453		405,248
Cash and cash equivalents	1,984,529		1,984,529		1,974,747		1,974,747
Trading account receivables from brokers and clearing organizations	138,891		138,891		60,327		60,327
Liabilities:
Due to broker	16,160		16,160		70,483		70,483
Trading account securities sold but not yet purchased	30,909		30,909		73,358		73,358
Senior notes and other debt	1,831,638		1,438,943		1,831,158		1,425,852
Subordinated debentures	1,010,168		766,884		1,009,808		805,864