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Consolidated Statements of Comprehensive Income
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Consolidated Statements of Comprehensive Income Consolidated Statement of Comprehensive Income

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, 2019
 
 
 
 
Changes in AOCI
 
 
 
 
Beginning of period
$
(91,491
)
 
$
(418,979
)
 
$
(510,470
)
Other comprehensive income before reclassifications
245,615

 
5,268

 
250,883

Amounts reclassified from AOCI
(1,191
)
 
—

 
(1,191
)
Other comprehensive income
244,424

 
5,268

 
249,692

Unrealized investment loss related to noncontrolling interest
(18
)
 
—

 
(18
)
End of period
$
152,915

 
$
(413,711
)
 
$
(260,796
)
Amounts reclassified from AOCI
 
 
 
 
 
Pre-tax
$
(1,508
)
(1)
$
—

 
$
(1,508
)
Tax effect
317

(2)
—

 
317

After-tax amounts reclassified
$
(1,191
)
 
$
—

 
$
(1,191
)
Other comprehensive income
 
 
 
 
 
Pre-tax
$
316,331

 
$
5,268

 
$
321,599

Tax effect
(71,907
)
 
—

 
(71,907
)
Other comprehensive income
$
244,424

 
$
5,268

 
$
249,692

As of and for the three months ended June 30, 2019
 
 
 
 
Changes in AOCI
 
 
 
 
Beginning of period
$
34,236

 
$
(399,219
)
 
$
(364,983
)
Other comprehensive income (loss) before reclassifications
118,475

 
(14,492
)
 
103,983

Amounts reclassified from AOCI
174

 
—

 
174

Other comprehensive income (loss)
118,649

 
(14,492
)
 
104,157

Unrealized investment losses related to noncontrolling interest
30

 
—

 
30

Ending balance
$
152,915

 
$
(413,711
)
 
$
(260,796
)
Amounts reclassified from AOCI
 
 
 
 
 
Pre-tax
$
220

(1)
$
—

 
$
220

Tax effect
(46
)
(2)
—

 
(46
)
After-tax amounts reclassified
$
174

 
$
—

 
$
174

Other comprehensive income (loss)
 
 
 
 
 
Pre-tax
$
147,072

 
$
(14,492
)
 
$
132,580

Tax effect
(28,423
)
 
—

 
(28,423
)
Other comprehensive income (loss)
$
118,649

 
$
(14,492
)
 
$
104,157

_________________________
(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, 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

Ending balance
$
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.