Consolidated Statements of Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2021

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, 2021
Changes in AOCI
Beginning of period	$	289,714		$	(351,886)	$	(62,172)
Other comprehensive (loss) income before reclassifications	(87,168)			6,587		(80,581)
Amounts reclassified from AOCI	20,310			—		20,310
Other comprehensive (loss) income	(66,858)			6,587		(60,271)
Unrealized investment gain related to noncontrolling interest	(1)			—		(1)
End of period	$	222,855		$	(345,299)	$	(122,444)
Amounts reclassified from AOCI
Pre-tax	$	25,709	(1)	$	—	$	25,709
Tax effect	(5,399)		(2)	—		(5,399)
After-tax amounts reclassified	$	20,310		$	—	$	20,310
Other comprehensive (loss) income
Pre-tax	$	(84,931)		$	6,587	$	(78,344)
Tax effect	18,073			—		18,073
Other comprehensive (loss) income	$	(66,858)		$	6,587	$	(60,271)
As of and for the three months ended June 30, 2021
Changes in AOCI
Beginning of period	$	199,584		$	(347,836)	$	(148,252)
Other comprehensive income before reclassifications	11,823			2,537		14,360
Amounts reclassified from AOCI	11,449			—		11,449
Other comprehensive income	23,272			2,537		25,809
Unrealized investment gain related to noncontrolling interest	(1)			—		(1)
Ending balance	$	222,855		$	(345,299)	$	(122,444)
Amounts reclassified from AOCI
Pre-tax	$	14,493	(1)	$	—	$	14,493
Tax effect	(3,044)		(2)	—		(3,044)
After-tax amounts reclassified	$	11,449		$	—	$	11,449
Other comprehensive income
Pre-tax	$	28,804		$	2,537	$	31,341
Tax effect	(5,532)			—		(5,532)
Other comprehensive income	$	23,272		$	2,537	$	25,809

As of and for the six months ended June 30, 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 income (loss) before reclassifications	36,986			(76,747)		(39,761)
Amounts reclassified from AOCI	22,757			—		22,757
Other comprehensive income (loss)	59,743			(76,747)		(17,004)
Unrealized investment loss related to noncontrolling interest	1			—		1
End of period	$	209,210		$	(458,560)	$	(249,350)
Amounts reclassified from AOCI
Pre-tax	$	28,806	(1)	$	—	$	28,806
Tax effect	(6,049)		(2)	—		(6,049)
After-tax amounts reclassified	$	22,757		$	—	$	22,757
Other comprehensive income (loss)
Pre-tax	$	62,777		$	(76,747)	$	(13,970)
Tax effect	(3,034)			—		(3,034)
Other comprehensive income (loss)	$	59,743		$	(76,747)	$	(17,004)
As of and for the three months ended June 30, 2020
Changes in AOCI
Beginning of period	$	(109,514)		$	(480,007)	$	(589,521)
Other comprehensive income before reclassifications	335,518			21,447		356,965
Amounts reclassified from AOCI	(16,793)			—		(16,793)
Other comprehensive income	318,725			21,447		340,172
Unrealized investment gain related to noncontrolling interest	(1)			—		(1)
Ending balance	$	209,210		$	(458,560)	$	(249,350)
Amounts reclassified from AOCI
Pre-tax	$	(21,257)	(1)	$	—	$	(21,257)
Tax effect	4,464		(2)	—		4,464
After-tax amounts reclassified	$	(16,793)		$	—	$	(16,793)
Other comprehensive income
Pre-tax	$	395,624		$	21,447	$	417,071
Tax effect	(76,899)			—		(76,899)
Other comprehensive income	$	318,725		$	21,447	$	340,172

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(1) Net investment gains (losses) in the consolidated statements of income.

(2) Income tax (expense) benefit in the consolidated statements of income.