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Fair Value of Financial Instruments (Tables) | 6 Months Ended
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Jun. 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:
| June 30, 2024 |  | December 31, 2023
(In thousands) | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Assets: |  |  |  |  |  |  |
Fixed maturity securities | $ | 21,082,676 |  |  | $ | 21,084,502 |  |  | $ | 20,178,308 |  |  | $ | 20,181,547 |
Equity securities | 1,078,092 |  |  | 1,078,092 |  |  | 1,090,347 |  |  | 1,090,347 |
Arbitrage trading account | 1,221,861 |  |  | 1,221,861 |  |  | 938,049 |  |  | 938,049 |
Loans receivable | 349,325 |  |  | 349,310 |  |  | 201,271 |  |  | 198,244 |
Cash and cash equivalents | 1,580,270 |  |  | 1,580,270 |  |  | 1,363,195 |  |  | 1,363,195 |
Trading account receivables from brokers and clearing organizations | 40,705 |  |  | 40,705 |  |  | 303,614 |  |  | 303,614 |
Due from broker | — |  |  | — |  |  | 36,747 |  |  | 36,747 |
Liabilities: |  |  |  |  |  |  |
Due to broker | 128,563 |  |  | 128,563 |  |  | — |  |  | — |
Trading account securities sold but not yet purchased | 81,273 |  |  | 81,273 |  |  | 9,357 |  |  | 9,357 |
Senior notes and other debt | 1,828,422 |  |  | 1,422,506 |  |  | 1,827,951 |  |  | 1,480,076 |
Subordinated debentures | 1,009,449 |  |  | 825,344 |  |  | 1,009,090 |  |  | 929,598 |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
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