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Consolidated Statements of Comprehensive Income (Loss)
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Consolidated Statements of Comprehensive Income (Loss) Consolidated Statements of Comprehensive (Loss) Income

The following table presents the components of the changes in accumulated other comprehensive (loss) income ("AOCI"):
(In thousands)
Unrealized Investment (Losses) Gains
 
Currency Translation Adjustments
 
Accumulated Other Comprehensive
(Loss) Income
As of and for the three months ended March 31, 2020
 
 
 
 
Changes in AOCI
 
 
 
 
Beginning of period
$
124,514

 
$
(381,813
)
 
$
(257,299
)
Cumulative effect adjustment resulting from changes in accounting principles
24,952

 

 
24,952

Restated beginning of period
149,466

 
(381,813
)
 
(232,347
)
Other comprehensive loss before reclassifications
(298,531
)
 
(98,194
)
 
(396,725
)
Amounts reclassified from AOCI
39,550

 

 
39,550

Other comprehensive loss
(258,981
)
 
(98,194
)
 
(357,175
)
Unrealized investment losses related to noncontrolling interest
1

 

 
1

Ending balance
$
(109,514
)
 
$
(480,007
)
 
$
(589,521
)
Amounts reclassified from AOCI
 
 
 
 
 
Pre-tax
$
50,063

(1)
$

 
$
50,063

Tax effect
(10,513
)
(2)

 
(10,513
)
After-tax amounts reclassified
$
39,550

 
$

 
$
39,550

Other comprehensive loss
 
 
 
 
 
Pre-tax
$
(332,850
)
 
$
(98,194
)
 
$
(431,044
)
Tax effect
73,869

 

 
73,869

Other comprehensive loss
$
(258,981
)
 
$
(98,194
)
 
$
(357,175
)

As of and for the three months ended March 31, 2019
 
 
 
 
Changes in AOCI
 
 
 


Beginning of period
$
(91,491
)
 
$
(418,979
)
 
$
(510,470
)
Other comprehensive income before reclassifications
127,139

 
19,760

 
146,899

Amounts reclassified from AOCI
(1,365
)
 

 
(1,365
)
Other comprehensive income
125,774

 
19,760

 
145,534

Unrealized investment gain related to noncontrolling interest
(47
)
 

 
(47
)
Ending balance
$
34,236

 
$
(399,219
)
 
$
(364,983
)
Amounts reclassified from AOCI
 
 
 
 

Pre-tax
$
(1,728
)
(1)
$

 
$
(1,728
)
Tax effect
363

(2)

 
363

After-tax amounts reclassified
$
(1,365
)
 
$

 
$
(1,365
)
Other comprehensive income
 
 
 
 

Pre-tax
$
169,260

 
$
19,760

 
$
189,020

Tax effect
(43,486
)
 

 
(43,486
)
Other comprehensive income
$
125,774

 
$
19,760

 
$
145,534

_________________________
(1) Net investment (losses) gains in the consolidated statements of income.
(2) Income tax benefit (expense) in the consolidated statements of income.