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SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
ASSETS                            
Fixed income (amortized cost, 2016 – $247,396; 2015 – $385,281)                       $ 4,685,222 $ 4,657,561  
Cash and cash equivalents $ 155,410     $ 181,120 $ 181,120     $ 197,882 $ 181,120 $ 197,882 $ 332,692 155,410 181,120 $ 197,882
Accrued investment income                       44,073 40,224  
Other assets                       73,345 80,102  
Total assets                       5,734,529 5,868,343  
Liabilities:                            
Senior notes                       417,406 0  
Convertible senior notes                       349,461 822,301  
Convertible junior subordinated debentures                       256,872 389,522  
Total liabilities                       3,185,687 3,632,203  
Shareholders’ equity:                            
Common stock (one dollar par value, shares authorized 1,000,000; shares issued 2016 - 359,400; 2015 - 340,097; outstanding 2016 - 340,663; 2015 - 339,657)                       359,400 340,097  
Paid-in capital                       1,782,337 1,670,238  
Treasury stock (shares at cost 2016 – 18,737; 2015 – 440)                       (150,359) (3,362)  
Accumulated other comprehensive loss, net of tax                       (75,100) (60,880)  
Retained earnings                       632,564 290,047  
Total shareholders' equity                       2,548,842 2,236,140 1,036,903
Total liabilities and shareholders' equity                       5,734,529 5,868,343  
Parenthetical information [Abstract]                            
Fixed income, amortized cost                       $ 4,717,211 $ 4,684,148  
Common stock, par value (in dollars per share)                       $ 1 $ 1  
Common stock, shares authorized (in shares)                       1,000,000,000 1,000,000,000  
Common stock, shares issued (in shares)                       359,400,000 340,097,000  
Common stock, shares outstanding (in shares)                       340,663,000 339,657,000  
Treasury stock, shares at cost (in shares)                       18,737,000 440,000  
Revenues:                            
Investment income, net of expenses 28,094 $ 27,515 $ 27,248 27,809 27,926 $ 25,939 $ 25,756 24,120 110,666 103,741 87,647      
Realized (losses) gains (52) 5,092 836 3,056 1,228 640 166 26,327 8,932 28,361 1,357      
Total revenues                 1,062,483 1,041,288 942,634      
Expenses:                            
Interest expense                 56,672 68,932 69,648      
Loss on debt extinguishment 0 75,223 1,868 13,440 507 0 0 0 90,531 507 837      
Total losses and expenses                 547,769 553,601 687,911      
Income before tax                 514,714 487,687 254,723      
Provision for (benefit from) income taxes 54,551 27,131 56,018 34,497 6,584 (695,604) 1,322 3,385 172,197 (684,313) 2,774      
Net income 107,487 56,618 109,221 69,191 102,418 822,852 113,654 133,076 342,517 1,172,000 251,949      
Other comprehensive (loss) income, net of tax                 (14,220) 20,461 36,385      
Comprehensive income                 328,297 1,192,461 288,334      
Cash flows from operating activities:                            
Net income 107,487 56,618 109,221 69,191 102,418 822,852 113,654 133,076 342,517 1,172,000 251,949      
Adjustments to reconcile net income to net cash provided by (used in) operating activities:                            
Deferred Federal                 160,657 (686,652) 1      
Loss on debt extinguishment 0 $ 75,223 $ 1,868 13,440 507 $ 0 $ 0 0 90,531 507 837      
Change in certain assets and liabilities:                            
Accrued investment income                 (3,849) (9,706) 1,142      
Cash flows from investing activities:                            
Purchase of fixed income                 (1,360,386) (2,462,844) (1,979,917)      
Sale of fixed income                 728,042 1,796,153 1,147,624      
Cash flows from financing activities:                            
Proceeds from issuance of long-term debt                 573,094 0 0      
Repayment of long-term debt                 0 (61,953) (20,772)      
Repurchase of convertible senior notes                 (363,778) (11,152) 0      
Repurchase of common stock                 (147,127) 0 0      
Excess tax benefits related to share-based compensation                 67 2,117 0      
Net decrease in cash and cash equivalents                 (25,710) (16,762) (134,810)      
Cash and cash equivalents at beginning of year       181,120       197,882 181,120 197,882 332,692      
Cash and cash equivalents at end of year 155,410       181,120       155,410 181,120 197,882      
Parent Company                            
ASSETS                            
Fixed income (amortized cost, 2016 – $247,396; 2015 – $385,281)                       $ 245,435 $ 382,565  
Cash and cash equivalents 37,666     19,417 19,417     10,507 19,417 10,507 20,725 37,666 19,417 $ 10,507
Investment in subsidiaries, at equity in net assets                       3,150,671 2,903,944  
Accounts receivable - affiliates                       780 938  
Income taxes - current and deferred                       289,703 151,318  
Accrued investment income                       1,749 3,700  
Other assets                       80 123  
Total assets                       3,726,084 3,462,005  
Liabilities:                            
Senior notes                       417,406 0  
Convertible senior notes                       349,461 822,301  
Convertible junior subordinated debentures                       389,522 389,522  
Accrued interest                       20,853 14,042  
Total liabilities                       1,177,242 1,225,865  
Shareholders’ equity:                            
Common stock (one dollar par value, shares authorized 1,000,000; shares issued 2016 - 359,400; 2015 - 340,097; outstanding 2016 - 340,663; 2015 - 339,657)                       359,400 340,097  
Paid-in capital                       1,782,337 1,670,238  
Treasury stock (shares at cost 2016 – 18,737; 2015 – 440)                       (150,359) (3,362)  
Accumulated other comprehensive loss, net of tax                       (75,100) (60,880)  
Retained earnings                       632,564 290,047  
Total shareholders' equity                       2,548,842 2,236,140  
Total liabilities and shareholders' equity                       3,726,084 3,462,005  
Parenthetical information [Abstract]                            
Fixed income, amortized cost                       $ 247,396 $ 385,281  
Common stock, par value (in dollars per share)                       $ 1 $ 1  
Common stock, shares authorized (in shares)                       1,000,000,000 1,000,000,000  
Common stock, shares issued (in shares)                       359,400,000 340,097,000  
Common stock, shares outstanding (in shares)                       340,663,000 339,657,000  
Treasury stock, shares at cost (in shares)                       18,737,000 440,000  
Revenues:                            
Investment income, net of expenses                 3,807 7,586 6,985      
Realized (losses) gains                 646 357 395      
Total revenues                 4,453 7,943 7,380      
Expenses:                            
Operating expenses                 1,409 582 546      
Interest expense                 64,598 68,932 69,648      
Loss on debt extinguishment                 82,234 507 837      
Total losses and expenses                 148,241 70,021 71,031      
Income before tax                 (143,788) (62,078) (63,651)      
Provision for (benefit from) income taxes                 (52,575) (125,487) 0      
Equity in net income of subsidiaries                 433,730 1,108,591 315,600      
Net income                 342,517 1,172,000 251,949      
Other comprehensive (loss) income, net of tax                 (14,220) 20,461 36,385      
Comprehensive income                 328,297 1,192,461 288,334      
Cash flows from operating activities:                            
Net income                 342,517 1,172,000 251,949      
Adjustments to reconcile net income to net cash provided by (used in) operating activities:                            
Equity in net income of subsidiaries                 (433,730) (1,108,591) (315,600)      
Dividends received from subsidiaries                 64,000 6,500 0      
Deferred Federal                 (55,988) (125,532) 0      
Loss on debt extinguishment                 82,234 507 837      
Other                 11,625 22,342 14,025      
Change in certain assets and liabilities:                            
Accounts receivable - affiliates                 158 (626) 68      
Income taxes receivable                 3,602 (8,308) 480      
Accrued investment income                 1,951 (265) 194      
Accrued interest                 6,811 (652) (188)      
Net cash used in operating activities                 23,180 (42,625) (48,235)      
Cash flows from investing activities:                            
Capital distributions from subsidiaries                 51,987 32,000 0      
Capital contributions to subsidiaries                 (36,025) 0 0      
Purchase of fixed income                 (194,751) (295,010) (553,538)      
Sale of fixed income                 330,142 386,385 613,322      
Net cash provided by investing activities                 151,353 123,375 59,784      
Cash flows from financing activities:                            
Proceeds from issuance of long-term debt                 416,967 0 0      
Repayment of long-term debt                 0 (61,953) (21,767)      
Repurchase of convertible senior notes                 (426,191) (12,004) 0      
Repurchase of common stock                 (147,127) 0 0      
Excess tax benefits related to share-based compensation                 67 2,117 0      
Net cash used in financing activities                 (156,284) (71,840) (21,767)      
Net decrease in cash and cash equivalents                 18,249 8,910 (10,218)      
Cash and cash equivalents at beginning of year       $ 19,417       $ 10,507 19,417 10,507 20,725      
Cash and cash equivalents at end of year $ 37,666       $ 19,417       $ 37,666 $ 19,417 $ 10,507