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Consolidated Statement of Comprehensive (Loss) Income (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive (Loss) Income
The following tables present the components of the changes in accumulated other comprehensive (loss) income ("AOCI") as of and for the years ended December 31, 2019 and 2018:
(In thousands)
 
 
 
 
 
December 31, 2019
Unrealized investment gains (losses)

Currency translation adjustments

Accumulated other comprehensive (loss) income
Changes in AOCI




Beginning of period
$
(91,491
)

$
(418,979
)

$
(510,470
)
Other comprehensive gains before reclassifications
224,011


37,166


261,177

Amounts reclassified from AOCI
(8,109
)



(8,109
)
Other comprehensive gain
215,902


37,166


253,068

Unrealized investment gain related to non-controlling interest
103




103

Ending balance
$
124,514


$
(381,813
)

$
(257,299
)
Amounts reclassified from AOCI








Pre-tax
$
(10,265
)
(1)
$


$
(10,265
)
Tax effect
2,156

(2)


2,156

After-tax amounts reclassified
$
(8,109
)

$


$
(8,109
)
Other comprehensive gain








Pre-tax
$
261,970


$
37,166


$
299,136

Tax effect
(46,068
)



(46,068
)
Other comprehensive gain
$
215,902


$
37,166


$
253,068

(In thousands)
 
 
 
 
 
December 31, 2018
Unrealized investment (losses) gains
 
Currency translation adjustments
 
Accumulated other comprehensive (loss) income
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 income before reclassifications
(246,535
)
 
(112,099
)
 
(358,634
)
Amounts reclassified from AOCI
(5,792
)
 

 
(5,792
)
Other comprehensive loss
(252,327
)
 
(112,099
)
 
(364,426
)
Unrealized investment loss related to non-controlling interest
(46
)
 

 
(46
)
Ending balance
$
(91,491
)
 
$
(418,979
)
 
$
(510,470
)
Amounts reclassified from AOCI
 
 
 
 
 
Pre-tax
$
(7,332
)
(1)
$

 
$
(7,332
)
Tax effect
1,540

(2)

 
1,540

After-tax amounts reclassified
$
(5,792
)
 
$

 
$
(5,792
)
Other comprehensive loss
 
 
 
 
 
Pre-tax
$
(302,737
)
 
$
(112,099
)
 
$
(414,836
)
Tax effect
50,410

 

 
50,410

Other comprehensive loss
$
(252,327
)
 
$
(112,099
)
 
$
(364,426
)
_______________
(1) Net realized and unrealized gains on investments in the consolidated statements of income.
(2) Income tax expense in the consolidated statements of income.