Consolidated Statement of Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Accumulated Other Comprehensive (Loss) Income

The following tables present the components of the changes in accumulated other comprehensive (loss) income as of and for the years ended December 31, 2021 and 2020:


(In thousands)
December 31, 2021	Unrealized Investment Gains (Losses)			Currency Translation Adjustments		Accumulated Other Comprehensive Loss
Changes in AOCI
Beginning of period	$	289,714		$	(351,886)	$	(62,172)


Other comprehensive loss before reclassifications	(222,359)			(20,969)		(243,328)
Amounts reclassified from AOCI	23,547			—		23,547
Other comprehensive loss	(198,812)			(20,969)		(219,781)
Unrealized investment loss related to noncontrolling interest	(2)			—		(2)
Ending balance	$	90,900		$	(372,855)	$	(281,955)
Amounts reclassified from AOCI
Pre-tax	$	29,806	(1)	$	—	$	29,806
Tax effect	(6,259)		(2)	—		(6,259)
After-tax amounts reclassified	$	23,547		$	—	$	23,547
Other comprehensive loss
Pre-tax	$	(254,939)		$	(20,969)	$	(275,908)
Tax effect	56,127			—		56,127
Other comprehensive loss	$	(198,812)		$	(20,969)	$	(219,781)


(In thousands)
December 31, 2020	Unrealized Investment Gains (Losses)			Currency Translation Adjustments		Accumulated Other Comprehensive Loss
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 before reclassifications	114,049			29,927		143,976
Amounts reclassified from AOCI	26,201			—		26,201
Other comprehensive income	140,250			29,927		170,177
Unrealized investment loss related to non-controlling 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

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

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