Consolidated Statements of Comprehensive Income

3 Months Ended

Mar. 31, 2022

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 three months ended March 31, 2022
Changes in AOCI
Beginning of period	$	90,900		$	(372,855)	$	(281,955)


Other comprehensive (loss) income before reclassifications	(433,136)			56,272		(376,864)
Amounts reclassified from AOCI	9,591			—		9,591
Other comprehensive (loss) income	(423,545)			56,272		(367,273)
Unrealized investment gain related to noncontrolling interest	(1)			—		(1)
End of period	$	(332,646)		$	(316,583)	$	(649,229)
Amounts reclassified from AOCI
Pre-tax	$	12,141	(1)	$	—	$	12,141
Tax effect	(2,550)		(2)	—		(2,550)
After-tax amounts reclassified	$	9,591		$	—	$	9,591
Other comprehensive (loss) income
Pre-tax	$	(539,449)		$	56,272	$	(483,177)
Tax effect	115,904			—		115,904
Other comprehensive (loss) income	$	(423,545)		$	56,272	$	(367,273)



As of and for the three months ended March 31, 2021
Changes in AOCI
Beginning of period	$	289,714		$	(351,886)	$	(62,172)


Other comprehensive (loss) income before reclassifications	(98,991)			4,050		(94,941)
Amounts reclassified from AOCI	8,861			—		8,861
Other comprehensive (loss) income	(90,130)			4,050		(86,080)
Unrealized investment gain related to noncontrolling interest	—			—		—
End of period	$	199,584		$	(347,836)	$	(148,252)
Amounts reclassified from AOCI
Pre-tax	$	11,216	(1)	$	—	$	11,216
Tax effect	(2,355)		(2)	—		(2,355)
After-tax amounts reclassified	$	8,861		$	—	$	8,861
Other comprehensive (loss) income
Pre-tax	$	(113,735)		$	4,050	$	(109,685)
Tax effect	23,605			—		23,605
Other comprehensive (loss) income	$	(90,130)		$	4,050	$	(86,080)

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

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