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Consolidated Statement of Comprehensive Income (Loss)
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Consolidated Statement of Comprehensive Income (Loss)
Consolidated Statement of Comprehensive Income (Loss)

The following tables present the components of the changes in accumulated other comprehensive income (loss) (AOCI) as of and for the years ended December 31, 2016 and 2015:
(In thousands)
December 31, 2016                                                
Unrealized investment gains (losses)

Currency translation adjustments

Accumulated other comprehensive income (loss)
Changes in AOCI




Beginning of period
$
180,695


$
(247,393
)

$
(66,698
)
Other comprehensive income (loss) before reclassifications
286,734


(124,193
)

162,541

Amounts reclassified from AOCI
(40,216
)



(40,216
)
Other comprehensive income (loss)
246,518


(124,193
)

122,325

Unrealized investment gain related to non-controlling interest
(59
)



(59
)
Ending balance
$
427,154


$
(371,586
)

$
55,568

Amounts reclassified from AOCI








Pre-tax
$
(61,871
)
(1)
$


$
(61,871
)
Tax effect
21,655

(2)


21,655

After-tax amounts reclassified
$
(40,216
)

$


$
(40,216
)
Other comprehensive income (loss)








Pre-tax
$
379,258


$
(124,193
)

$
255,065

Tax effect
(132,740
)



(132,740
)
Other comprehensive income (loss)
$
246,518


$
(124,193
)

$
122,325

    
(In thousands)
December 31, 2015                                               
Unrealized investment gains (losses)
 
Currency translation adjustments
 
Accumulated other comprehensive income (loss)
Changes in AOCI
 
 
 
 
Beginning of period
$
306,199

 
$
(122,649
)
 
$
183,550

Other comprehensive income (loss) before reclassifications
(119,994
)
 
(124,744
)
 
(244,738
)
Amounts reclassified from AOCI
(5,548
)
 

 
(5,548
)
Other comprehensive income (loss)
(125,542
)
 
(124,744
)
 
(250,286
)
Unrealized investment loss related to non-controlling interest
38

 

 
38

Ending balance
$
180,695

 
$
(247,393
)
 
$
(66,698
)
Amounts reclassified from AOCI
 
 
 
 
 
Pre-tax
$
(8,535
)
(1)
$

 
$
(8,535
)
Tax effect
2,987

(2)

 
2,987

After-tax amounts reclassified
$
(5,548
)
 
$

 
$
(5,548
)
Other comprehensive income (loss)
 
 
 
 
 
Pre-tax
$
(192,186
)
 
$
(124,744
)
 
$
(316,930
)
Tax effect
66,644

 

 
66,644

Other comprehensive income (loss)
$
(125,542
)
 
$
(124,744
)
 
$
(250,286
)
_______________
(1) Net investment gains in the consolidated statements of income.
(2) Income tax expense in the consolidated statements of income.