The following table presents the components of the changes in accumulated other comprehensive income ("AOCI"):



(In thousands)	Unrealized Investment Gains (Losses)				Currency Translation Adjustments			Accumulated Other Comprehensive Income
As of and for the six months ended June 30, 2017:
Changes in AOCI
Beginning of period	$	427,154			$	(371,586	)	$	55,568
Other comprehensive income before reclassifications	89,309				42,982			132,291
Amounts reclassified from AOCI	(54,543		)		—			(54,543		)
Other comprehensive income	34,766				42,982			77,748
Unrealized investment gain related to non-controlling interest	(14		)		—			(14		)
End of period	$	461,906			$	(328,604	)	$	133,302
Amounts reclassified from AOCI
Pre-tax	$	(83,912	)	(1)	$	—		$	(83,912	)
Tax effect	29,369			(2)	—			29,369
After-tax amounts reclassified	$	(54,543	)		$	—		$	(54,543	)
Other comprehensive income
Pre-tax	$	58,711			$	42,982		$	101,693
Tax effect	(23,945		)		—			(23,945		)
Other comprehensive income	$	34,766			$	42,982		$	77,748

As of and for the three months ended June 30, 2017:
Changes in AOCI
Beginning of period	$	418,342			$	(348,851	)	$	69,491
Other comprehensive income before reclassifications	69,315				20,247			89,562
Amounts reclassified from AOCI	(25,718		)		—			(25,718		)
Other comprehensive income	43,597				20,247			63,844
Unrealized investment gain related to non-controlling interest	(33		)		—			(33		)
End of period	$	461,906			$	(328,604	)	$	133,302
Amounts reclassified from AOCI
Pre-tax	$	(39,566	)	(1)	$	—		$	(39,566	)
Tax effect	13,848			(2)	—			13,848
After-tax amounts reclassified	$	(25,718	)		$	—		$	(25,718	)
Other comprehensive income
Pre-tax	$	68,282			$	20,247		$	88,529
Tax effect	(24,685		)		—			(24,685		)
Other comprehensive income	$	43,597			$	20,247		$	63,844

_________________________

(1) Net investment gains in the consolidated statements of income.

(2) Income tax expense in the consolidated statements of income.



(In thousands)	Unrealized Investment Gains (Losses)				Currency Translation Adjustments			Accumulated Other Comprehensive Income
As of and for the six months ended June 30, 2016:
Changes in AOCI
Beginning of period	$	180,695			$	(247,393	)	$	(66,698	)
Other comprehensive income before reclassifications	191,791				(57,917		)	133,874
Amounts reclassified from AOCI	(9,903		)		—			(9,903		)
Other comprehensive income	181,888				(57,917		)	123,971
Unrealized investment losses related to non-controlling interest	9				—			9
End of period	$	362,592			$	(305,310	)	$	57,282
Amounts reclassified from AOCI
Pre-tax	$	(15,235	)	(1)	$	—		$	(15,235	)
Tax effect	5,332			(2)	—			5,332
After-tax amounts reclassified	$	(9,903	)		$	—		$	(9,903	)
Other comprehensive income
Pre-tax	$	270,995			$	(57,917	)	$	213,078
Tax effect	(89,107		)		—			(89,107		)
Other comprehensive income	$	181,888			$	(57,917	)	$	123,971

As of and for the three months ended June 30, 2016:
Changes in AOCI
Beginning of period	$	257,564			$	(249,440	)	$	8,124
Other comprehensive income before reclassifications	113,549				(55,870		)	57,679
Amounts reclassified from AOCI	(8,516		)		—			(8,516		)
Other comprehensive income	105,033				(55,870		)	49,163
Unrealized investment gain related to non-controlling interest	(5		)		—			(5		)
End of period	$	362,592			$	(305,310	)	$	57,282
Amounts reclassified from AOCI
Pre-tax	$	(13,101	)	(1)	$	—		$	(13,101	)
Tax effect	4,585			(2)	—			4,585
After-tax amounts reclassified	$	(8,516	)		$	—		$	(8,516	)
Other comprehensive income
Pre-tax	$	156,605			$	(55,870	)	$	100,735
Tax effect	(51,572		)		—			(51,572		)
Other comprehensive income	$	105,033			$	(55,870	)	$	49,163

_______________

(1) Net investment gains in the consolidated statements of income.

(2) Income tax expense in the consolidated statements of income.