Consolidated Statements of Comprehensive (Loss) Income (Tables)

9 Months Ended

Sep. 30, 2023

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) Gains			Currency Translation Adjustments		Accumulated Other Comprehensive (Loss) Income
As of and for the nine months ended September 30, 2023
Changes in AOCI
Beginning of period	$	(892,905)		$	(371,676)	$	(1,264,581)
Other comprehensive loss before reclassifications	(103,087)			(7,387)		(110,474)
Amounts reclassified from AOCI	52,237			—		52,237
Other comprehensive loss	(50,850)			(7,387)		(58,237)
Unrealized investment loss related to noncontrolling interest	(1)			—		(1)
End of period	$	(943,756)		$	(379,063)	$	(1,322,819)
Amounts reclassified from AOCI
Pre-tax	$	66,123	(1)	$	—	$	66,123
Tax effect	(13,886)		(2)	—		(13,886)
After-tax amounts reclassified	$	52,237		$	—	$	52,237
Other comprehensive loss
Pre-tax	$	(62,476)		$	(7,387)	$	(69,863)
Tax effect	11,626			—		11,626
Other comprehensive loss	$	(50,850)		$	(7,387)	$	(58,237)
As of and for the three months ended September 30, 2023
Changes in AOCI
Beginning of period	$	(825,391)		$	(356,282)	$	(1,181,673)
Other comprehensive loss before reclassifications	(133,018)			(22,781)		(155,799)
Amounts reclassified from AOCI	14,653			—		14,653
Other comprehensive loss	(118,365)			(22,781)		(141,146)
Unrealized investment loss related to noncontrolling interest	—			—		—
Ending balance	$	(943,756)		$	(379,063)	$	(1,322,819)
Amounts reclassified from AOCI
Pre-tax	$	18,548	(1)	$	—	$	18,548
Tax effect	(3,895)		(2)	—		(3,895)
After-tax amounts reclassified	$	14,653		$	—	$	14,653
Other comprehensive loss
Pre-tax	$	(150,455)		$	(22,781)	$	(173,236)
Tax effect	32,090			—		32,090
Other comprehensive loss	$	(118,365)		$	(22,781)	$	(141,146)

(In thousands)	Unrealized Investment (Losses) Gains			Currency Translation Adjustments		Accumulated Other Comprehensive (Loss) Income
As of and for the nine months ended September 30, 2022
Changes in AOCI
Beginning of period	$	90,900		$	(372,855)	$	(281,955)
Other comprehensive loss before reclassifications	(1,134,657)			(27,637)		(1,162,294)
Amounts reclassified from AOCI	58,440			—		58,440
Other comprehensive loss	(1,076,217)			(27,637)		(1,103,854)
Unrealized investment loss related to noncontrolling interest	(1)			—		(1)
End of period	$	(985,318)		$	(400,492)	$	(1,385,810)
Amounts reclassified from AOCI
Pre-tax	$	73,975	(1)	$	—	$	73,975
Tax effect	(15,535)		(2)	—		(15,535)
After-tax amounts reclassified	$	58,440		$	—	$	58,440
Other comprehensive loss
Pre-tax	$	(1,365,064)		$	(27,637)	$	(1,392,701)
Tax effect	288,847			—		288,847
Other comprehensive loss	$	(1,076,217)		$	(27,637)	$	(1,103,854)
As of and for the three months ended September 30, 2022
Changes in AOCI
Beginning of period	$	(669,654)		$	(359,976)	$	(1,029,630)
Other comprehensive loss before reclassifications	(335,034)			(40,516)		(375,550)
Amounts reclassified from AOCI	19,370			—		19,370
Other comprehensive loss	(315,664)			(40,516)		(356,180)
Unrealized investment loss related to noncontrolling interest	—					—
Ending balance	$	(985,318)		$	(400,492)	$	(1,385,810)
Amounts reclassified from AOCI
Pre-tax	$	24,519	(1)	$	—	$	24,519
Tax effect	(5,149)		(2)	—		(5,149)
After-tax amounts reclassified	$	19,370		$	—	$	19,370
Other comprehensive loss
Pre-tax	$	(394,832)		$	(40,516)	$	(435,348)
Tax effect	79,168			—		79,168
Other comprehensive loss	$	(315,664)		$	(40,516)	$	(356,180)

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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.