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Consolidated Statements of Comprehensive Income (Tables)
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Components of changes in accumulated other comprehensive income (loss)
The following table presents the components of the changes in accumulated other comprehensive (loss) income ("AOCI"):
(In thousands)
Unrealized Investment
Gains (Losses)
 
Currency Translation Adjustments
 
Accumulated Other Comprehensive
(Loss) Income
As of and for the six months ended June 30, 2018
 
 
 
 
Changes in AOCI
 
 
 
 
Beginning of period
$
375,421

 
$
(306,880
)
 
$
68,541

Cumulative effect adjustment resulting from changes in accounting principles
(214,539
)
 

 
(214,539
)
Restated beginning of period
160,882

 
(306,880
)
 
(145,998
)
Other comprehensive loss before reclassifications
(147,632
)
 
(91,656
)
 
(239,288
)
Amounts reclassified from AOCI
(10,582
)
 

 
(10,582
)
Other comprehensive loss
(158,214
)
 
(91,656
)
 
(249,870
)
Unrealized investment loss related to noncontrolling interest
26

 

 
26

End of period
$
2,694

 
$
(398,536
)
 
$
(395,842
)
Amounts reclassified from AOCI
 
 
 
 
 
Pre-tax
$
(13,395
)
(1)
$

 
$
(13,395
)
Tax effect
2,813

(2)

 
2,813

After-tax amounts reclassified
$
(10,582
)
 
$

 
$
(10,582
)
Other comprehensive loss
 
 
 
 
 
Pre-tax
$
(201,336
)
 
$
(91,656
)
 
$
(292,992
)
Tax effect
43,122

 

 
43,122

Other comprehensive loss
$
(158,214
)
 
$
(91,656
)
 
$
(249,870
)
As of and for the three months ended June 30, 2018
 
 
 
 
Changes in AOCI
 
 
 
 
Beginning of period
$
35,099

 
$
(294,081
)
 
$
(258,982
)
Other comprehensive loss before reclassifications
(29,443
)
 
(104,455
)
 
(133,898
)
Amounts reclassified from AOCI
(2,999
)
 

 
(2,999
)
Other comprehensive loss
(32,442
)
 
(104,455
)
 
(136,897
)
Unrealized investment loss related to noncontrolling interest
37

 

 
37

End of period
$
2,694

 
$
(398,536
)
 
$
(395,842
)
Amounts reclassified from AOCI
 
 
 
 
 
Pre-tax
$
(3,796
)
(1)
$

 
$
(3,796
)
Tax effect
797

(2)

 
797

After-tax amounts reclassified
$
(2,999
)
 
$

 
$
(2,999
)
Other comprehensive loss
 
 
 
 
 
Pre-tax
$
(40,488
)
 
$
(104,455
)
 
$
(144,943
)
Tax effect
8,046

 

 
8,046

Other comprehensive loss
$
(32,442
)
 
$
(104,455
)
 
$
(136,897
)
_________________________
(1) Net realized and unrealized gains on investments 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 (Loss) 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 noncontrolling 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 noncontrolling 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 realized and unrealized gains on investments in the consolidated statements of income.
(2) Income tax expense in the consolidated statements of income.