Comprehensive Income and Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Income (AOCI)

The following table illustrates the changes in the balance of each component of accumulated other comprehensive income for each period presented in the interim financial statements.

	Three Months Ended
	March 31,
	2023			2022
	(in thousands)
Balance, beginning of period	$	(13,828	)	$	13,537
Other comprehensive income (loss) before reclassification		4,339			(13,170	)
Amounts reclassified from accumulated other comprehensive loss		5			(310	)
Net current period other comprehensive income (loss)		4,344			(13,480	)
Balance, end of period	$	(9,484	)	$	57

Reclassification Out of Accumulated Other Comprehensive Income

The effects of reclassifications out of accumulated other comprehensive income by the respective line items of net income are presented in the following table.

Component of Accumulated Other Comprehensive Income	Three Months Ended March 31,						Affected line item in the statement of income
	2023			2022
	(in thousands)
Unrealized gains (losses) on debt    securities, net of tax	$	(6	)	$	393		Net realized gains on investments
		(6	)		393		Income before income taxes
Unrealized gains (losses) on debt    securities, net of tax		1			(83	)	Income tax expense
	$	(5	)	$	310		Net income