Comprehensive Income and Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Loss (AOCI)

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

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2023			2022			2023			2022
	(in thousands)
Balance, beginning of period	$	(12,100	)	$	(8,874	)	$	(13,828	)	$	13,537
Other comprehensive loss    before reclassification		(8,455	)		(10,252	)		(6,881	)		(31,956	)
Amounts reclassified from accumulated    other comprehensive loss		192			(838	)		346			(1,545	)
Net current period other comprehensive loss		(8,263	)		(11,090	)		(6,535	)		(33,501	)
Balance, end of period	$	(20,363	)	$	(19,964	)	$	(20,363	)	$	(19,964	)

Reclassification Out of Accumulated Other Comprehensive Loss

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

Component of Accumulated Other	Three Months Ended						Nine Months Ended						Affected line item in the
Comprehensive Loss	September 30,						September 30,						statement of income
	2023			2022			2023			2022
	(in thousands)
Unrealized gains (losses) on    debt securities, net of tax	$	(243	)	$	1,061		$	(438	)	$	1,955		Net realized gains    on investments
		(243	)		1,061			(438	)		1,955		Income before income taxes
Unrealized gains (losses) on    debt securities, net of tax		51			(223	)		92			(410	)	Income tax expense
	$	(192	)	$	838		$	(346	)	$	1,545		Net income