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Fair Value of Financial Instruments - Quantitative Disclosures Regarding Fair Value Hierarchy Measurements (Detail) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Financial assets    
Fixed maturity securities, bonds available-for-sale $ 6,480,374 $ 6,725,085
Equity securities 1,375,083 1,700,960
Short-term investments 418,882 425,321
Separate account assets 893,856 1,073,891
Carrying value of bonds held-to-maturity 8,576,192 8,631,261
Fair value of bonds held-to-maturity 8,501,656 8,968,690
Policy loans 380,084 379,657
Total financial assets 27,838,813 28,597,566
Financial liabilities    
Separate account liabilities 893,856 1,073,891
Notes payable 156,943 157,997
Total financial liabilities 22,231,724 22,601,803
U.S. treasury and government    
Financial assets    
Fixed maturity securities, bonds available-for-sale 30,304 29,941
U.S. states and political subdivisions    
Financial assets    
Fixed maturity securities, bonds available-for-sale 1,078,917 1,078,165
Carrying value of bonds held-to-maturity 155,151 165,109
Fair value of bonds held-to-maturity 159,929 170,114
Foreign governments    
Financial assets    
Fixed maturity securities, bonds available-for-sale 6,432 6,287
Carrying value of bonds held-to-maturity 3,894 3,907
Fair value of bonds held-to-maturity 4,419 4,349
Corporate debt securities    
Financial assets    
Fixed maturity securities, bonds available-for-sale 5,319,261 5,576,620
Carrying value of bonds held-to-maturity 8,029,559 8,099,098
Fair value of bonds held-to-maturity 7,956,612 8,424,969
Residential mortgage-backed securities    
Financial assets    
Fixed maturity securities, bonds available-for-sale 29,585 23,943
Carrying value of bonds held-to-maturity 179,087 237,516
Fair value of bonds held-to-maturity 186,919 242,828
Collateralized debt securities    
Financial assets    
Fixed maturity securities, bonds available-for-sale 15,875 10,129
Carrying value of bonds held-to-maturity 208,501 125,631
Fair value of bonds held-to-maturity 193,777 126,430
Recurring    
Financial assets    
Fixed maturity securities, bonds available-for-sale 6,480,374 6,725,085
Equity securities 1,375,083 1,700,960
Options 125,988 256,005
Short-term investments 418,882 425,321
Separate account assets 871,196 1,049,938
Separately managed accounts 50,583 50,503
Total financial assets 9,322,106 10,207,812
Financial liabilities    
Embedded derivative for equity-indexed contracts 630,952 731,552
Separate account liabilities 871,196 1,049,938
Total financial liabilities 1,502,148 1,781,490
Recurring | Common stock    
Financial assets    
Equity securities 1,358,605 1,682,149
Recurring | Preferred stock    
Financial assets    
Equity securities 16,478 18,811
Recurring | U.S. treasury and government    
Financial assets    
Fixed maturity securities, bonds available-for-sale 30,304 29,941
Recurring | U.S. states and political subdivisions    
Financial assets    
Fixed maturity securities, bonds available-for-sale 1,078,917 1,078,165
Recurring | Foreign governments    
Financial assets    
Fixed maturity securities, bonds available-for-sale 6,432 6,287
Recurring | Corporate debt securities    
Financial assets    
Fixed maturity securities, bonds available-for-sale 5,319,261 5,576,620
Recurring | Residential mortgage-backed securities    
Financial assets    
Fixed maturity securities, bonds available-for-sale 29,585 23,943
Recurring | Collateralized debt securities    
Financial assets    
Fixed maturity securities, bonds available-for-sale 15,875 10,129
Recurring | Level 1    
Financial assets    
Fixed maturity securities, bonds available-for-sale 0 0
Equity securities 1,374,620 1,700,497
Options 0 0
Short-term investments 0 0
Separate account assets 215,339 271,575
Separately managed accounts 0 0
Total financial assets 1,589,959 1,972,072
Financial liabilities    
Embedded derivative for equity-indexed contracts 0 0
Separate account liabilities 215,339 271,575
Total financial liabilities 215,339 271,575
Recurring | Level 1 | Common stock    
Financial assets    
Equity securities 1,358,142 1,681,686
Recurring | Level 1 | Preferred stock    
Financial assets    
Equity securities 16,478 18,811
Recurring | Level 1 | U.S. treasury and government    
Financial assets    
Fixed maturity securities, bonds available-for-sale 0 0
Recurring | Level 1 | U.S. states and political subdivisions    
Financial assets    
Fixed maturity securities, bonds available-for-sale 0 0
Recurring | Level 1 | Foreign governments    
Financial assets    
Fixed maturity securities, bonds available-for-sale 0 0
Recurring | Level 1 | Corporate debt securities    
Financial assets    
Fixed maturity securities, bonds available-for-sale 0 0
Recurring | Level 1 | Residential mortgage-backed securities    
Financial assets    
Fixed maturity securities, bonds available-for-sale 0 0
Recurring | Level 1 | Collateralized debt securities    
Financial assets    
Fixed maturity securities, bonds available-for-sale 0 0
Recurring | Level 2    
Financial assets    
Fixed maturity securities, bonds available-for-sale 6,426,984 6,680,241
Equity securities 0 0
Options 0 0
Short-term investments 418,882 425,321
Separate account assets 655,857 778,363
Separately managed accounts 0 0
Total financial assets 7,501,723 7,883,925
Financial liabilities    
Embedded derivative for equity-indexed contracts 0 0
Separate account liabilities 655,857 778,363
Total financial liabilities 655,857 778,363
Recurring | Level 2 | Common stock    
Financial assets    
Equity securities 0 0
Recurring | Level 2 | Preferred stock    
Financial assets    
Equity securities 0 0
Recurring | Level 2 | U.S. treasury and government    
Financial assets    
Fixed maturity securities, bonds available-for-sale 30,304 29,941
Recurring | Level 2 | U.S. states and political subdivisions    
Financial assets    
Fixed maturity securities, bonds available-for-sale 1,078,917 1,078,165
Recurring | Level 2 | Foreign governments    
Financial assets    
Fixed maturity securities, bonds available-for-sale 6,432 6,287
Recurring | Level 2 | Corporate debt securities    
Financial assets    
Fixed maturity securities, bonds available-for-sale 5,265,871 5,531,776
Recurring | Level 2 | Residential mortgage-backed securities    
Financial assets    
Fixed maturity securities, bonds available-for-sale 29,585 23,943
Recurring | Level 2 | Collateralized debt securities    
Financial assets    
Fixed maturity securities, bonds available-for-sale 15,875 10,129
Recurring | Level 3    
Financial assets    
Fixed maturity securities, bonds available-for-sale 53,390 44,844
Equity securities 463 463
Options 125,988 256,005
Short-term investments 0 0
Separate account assets 0 0
Separately managed accounts 50,583 50,503
Total financial assets 230,424 351,815
Financial liabilities    
Embedded derivative for equity-indexed contracts 630,952 731,552
Separate account liabilities 0 0
Total financial liabilities 630,952 731,552
Recurring | Level 3 | Common stock    
Financial assets    
Equity securities 463 463
Recurring | Level 3 | Preferred stock    
Financial assets    
Equity securities 0 0
Recurring | Level 3 | U.S. treasury and government    
Financial assets    
Fixed maturity securities, bonds available-for-sale 0 0
Recurring | Level 3 | U.S. states and political subdivisions    
Financial assets    
Fixed maturity securities, bonds available-for-sale 0 0
Recurring | Level 3 | Foreign governments    
Financial assets    
Fixed maturity securities, bonds available-for-sale 0 0
Recurring | Level 3 | Corporate debt securities    
Financial assets    
Fixed maturity securities, bonds available-for-sale 53,390 44,844
Recurring | Level 3 | Residential mortgage-backed securities    
Financial assets    
Fixed maturity securities, bonds available-for-sale 0 0
Recurring | Level 3 | Collateralized debt securities    
Financial assets    
Fixed maturity securities, bonds available-for-sale 0 0
Nonrecurring    
Financial assets    
Carrying value of bonds held-to-maturity 8,554,809 8,631,261
Fair value of bonds held-to-maturity 8,501,656 8,968,690
Total financial assets 14,110,841 14,158,438
Total financial assets 14,429,823 14,707,855
Financial liabilities    
Total financial liabilities 10,398,972 10,412,956
Total financial liabilities 10,398,972 10,412,956
Nonrecurring | Level 2 | U.S. states and political subdivisions    
Financial assets    
Carrying value of bonds held-to-maturity 155,151 165,109
Fair value of bonds held-to-maturity 159,929 170,114
Nonrecurring | Level 2 | Foreign governments    
Financial assets    
Carrying value of bonds held-to-maturity 3,899 3,907
Fair value of bonds held-to-maturity 4,419 4,349
Nonrecurring | Level 2 | Corporate debt securities    
Financial assets    
Carrying value of bonds held-to-maturity 8,011,160 8,099,098
Fair value of bonds held-to-maturity 7,956,612 8,424,969
Nonrecurring | Level 2 | Residential mortgage-backed securities    
Financial assets    
Carrying value of bonds held-to-maturity 179,084 237,516
Fair value of bonds held-to-maturity 186,919 242,828
Nonrecurring | Level 2 | Collateralized debt securities    
Financial assets    
Carrying value of bonds held-to-maturity 205,515 125,631
Fair value of bonds held-to-maturity 193,777 126,430
Nonrecurring | Level 3    
Financial assets    
Mortgage loans on real estate, net allowance 5,125,365 5,097,017
Mortgage loans on real estate, net allowance 5,497,500 5,309,005
Policy loans 380,084 379,657
Policy loans 380,084 379,657
Separately managed accounts 50,583 50,503
Separately managed accounts 50,583 50,503
Financial liabilities    
Investment contracts 10,242,029 10,254,959
Investment contracts 10,242,029 10,254,959
Notes payable 156,943 157,997
Notes payable $ 156,943 $ 157,997