v3.26.1
Net Investment Income (Tables)
 6 Months Ended
Jun. 30, 2026
Net Investment Income [Abstract]  
Schedule of Net Investment Income Net investment income consisted of the following: 
For the Three Months
Ended June 30,		For the Six Months
Ended June 30,
(In thousands)2026202520262025
Investment income (loss) earned on:
Fixed maturity securities, including cash and cash equivalents and loans receivable$360,852 $322,518 $707,379 $636,306 
Investment funds28,783 27,268 68,311 54,291 
Arbitrage trading account (1)19,026 23,672 29,339 40,001 
Equity securities18,075 12,485 33,894 23,126 
Real estate(3,549)(4,092)(8,482)(8,109)
Gross investment income423,187 381,851 830,441 745,615 
Investment expense(4,473)(2,548)(7,393)(6,020)
Net investment income$418,714 $379,303 $823,048 $739,595 
(1) Net investment income includes earnings from trading account receivables from brokers and clearing organizations.