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Consolidated Statements of Comprehensive Income (Tables)
6 Months Ended
Jun. 30, 2022
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 (Losses) GainsCurrency Translation AdjustmentsAccumulated Other Comprehensive
(Loss) Income
As of and for the six months ended June 30, 2022
Changes in AOCI
Beginning of period$90,900 $(372,855)$(281,955)
Other comprehensive (loss) income before reclassifications(799,623)12,879 (786,744)
Amounts reclassified from AOCI39,070 — 39,070 
Other comprehensive (loss) income(760,553)12,879 (747,674)
Unrealized investment loss related to noncontrolling interest(1)— (1)
End of period$(669,654)$(359,976)$(1,029,630)
Amounts reclassified from AOCI
Pre-tax$49,456 (1)$— $49,456 
Tax effect (10,386)(2)— (10,386)
After-tax amounts reclassified$39,070 $— $39,070 
Other comprehensive (loss) income
Pre-tax$(970,232)$12,879 $(957,353)
Tax effect209,679 — 209,679 
Other comprehensive (loss) income$(760,553)$12,879 $(747,674)
As of and for the three months ended June 30, 2022
Changes in AOCI
Beginning of period$(332,646)$(316,583)$(649,229)
Other comprehensive loss before reclassifications(366,488)(43,393)(409,881)
Amounts reclassified from AOCI29,480 — 29,480 
Other comprehensive loss(337,008)(43,393)(380,401)
Unrealized investment loss related to noncontrolling interest— — — 
Ending balance$(669,654)$(359,976)$(1,029,630)
Amounts reclassified from AOCI
Pre-tax$37,316 (1)$— $37,316 
Tax effect (7,836)(2)— (7,836)
After-tax amounts reclassified$29,480 $— $29,480 
Other comprehensive loss
Pre-tax$(430,784)$(43,393)$(474,177)
Tax effect93,776 — 93,776 
Other comprehensive loss$(337,008)$(43,393)$(380,401)
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 AOCI20,310 — 20,310 
Other comprehensive (loss) income (66,858)6,587 (60,271)
Unrealized investment loss 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 effect18,073 — 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 reclassifications11,823 2,537 14,360 
Amounts reclassified from AOCI11,449 — 11,449 
Other comprehensive income23,272 2,537 25,809 
Unrealized investment loss 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 
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(1) Net investment (losses) gains in the consolidated statements of income.
(2) Income tax expense in the consolidated statements of income.