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Consolidated Statement of Comprehensive Income
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Consolidated Statement of Comprehensive Income Consolidated Statements of Comprehensive Income
The following tables present the components of the changes in accumulated other comprehensive loss as of and for the years ended December 31, 2020 and 2019:
(In thousands)
December 31, 2020Unrealized Investment Gains (Losses) Currency Translation AdjustmentsAccumulated Other Comprehensive Loss
Changes in AOCI
Beginning of period$124,514 $(381,813)$(257,299)
Cumulative effect adjustment resulting from changes in accounting principles24,952 — 24,952 
Restated beginning of period149,466 (381,813)(232,347)
Other comprehensive income before reclassifications114,049 29,927 143,976 
Amounts reclassified from AOCI26,201 — 26,201 
Other comprehensive income140,250 29,927 170,177 
Unrealized investment loss related to noncontrolling interest(2)— (2)
Ending balance$289,714 $(351,886)$(62,172)
Amounts reclassified from AOCI
Pre-tax$33,166 (1)$— $33,166 
Tax effect(6,965)(2)— (6,965)
After-tax amounts reclassified$26,201 $— $26,201 
Other comprehensive income
Pre-tax$164,645 $29,927 $194,572 
Tax effect(24,395)— (24,395)
Other comprehensive income$140,250 $29,927 $170,177 
(In thousands)
December 31, 2019Unrealized Investment Gains (Losses)Currency Translation AdjustmentsAccumulated Other Comprehensive Loss
Changes in AOCI
Beginning of period$(91,491)$(418,979)$(510,470)
Other comprehensive income before reclassifications224,011 37,166 261,177 
Amounts reclassified from AOCI(8,109)— (8,109)
Other comprehensive income215,902 37,166 253,068 
Unrealized investment gain related to non-controlling interest103 — 103 
Ending balance$124,514 $(381,813)$(257,299)
Amounts reclassified from AOCI
Pre-tax$(10,265)(1)$— $(10,265)
Tax effect2,156 (2)— 2,156 
After-tax amounts reclassified$(8,109)$— $(8,109)
Other comprehensive income
Pre-tax$261,970 $37,166 $299,136 
Tax effect(46,068)— (46,068)
Other comprehensive income$215,902 $37,166 $253,068 
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(1) Net investment gains in the consolidated statements of income.
(2) Income tax expense in the consolidated statements of income.