Consolidated Statement of Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of Accumulated Other Comprehensive (Loss) Income

The following tables present the components of the changes in accumulated other comprehensive income (loss) (AOCI) as of and for the years ended December 31, 2023 and 2022:

(In thousands)
December 31, 2023	Unrealized Investment Gains (Losses)			Currency Translation Adjustments		Accumulated Other Comprehensive Income (Loss)
Changes in AOCI
Beginning of period	$	(892,905)		$	(371,676)	$	(1,264,581)
Other comprehensive income before reclassifications	252,782			32,192		284,974
Amounts reclassified from AOCI	53,771			—		53,771
Other comprehensive income	306,553			32,192		338,745
Unrealized investment loss related to noncontrolling interest	(2)			—		(2)
Ending balance	$	(586,354)		$	(339,484)	$	(925,838)
Amounts reclassified from AOCI
Pre-tax	$	68,065	(1)	$	—	$	68,065
Tax effect	(14,294)		(2)	—		(14,294)
After-tax amounts reclassified	$	53,771		$	—	$	53,771
Other comprehensive income
Pre-tax	$	392,903		$	32,192	$	425,095
Tax effect	(86,350)			—		(86,350)
Other comprehensive income	$	306,553		$	32,192	$	338,745

(In thousands)
December 31, 2022	Unrealized Investment (Losses) Gains			Currency Translation Adjustments		Accumulated Other Comprehensive Income (Loss)
Changes in AOCI
Beginning of period	$	90,900		$	(372,855)	$	(281,955)
Other comprehensive (loss) income before reclassifications	(1,054,838)			1,179		(1,053,659)
Amounts reclassified from AOCI	71,035			—		71,035
Other comprehensive (loss) income	(983,803)			1,179		(982,624)
Unrealized investment loss related to non-controlling interest	(2)			—		(2)
Ending balance	$	(892,905)		$	(371,676)	$	(1,264,581)
Amounts reclassified from AOCI
Pre-tax	$	89,918	(1)	$	—	$	89,918
Tax effect	(18,883)		(2)	—		(18,883)
After-tax amounts reclassified	$	71,035		$	—	$	71,035
Other comprehensive (loss) income
Pre-tax	$	(1,248,128)		$	1,179	$	(1,246,949)
Tax effect	264,325			—		264,325
Other comprehensive (loss) income	$	(983,803)		$	1,179	$	(982,624)

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

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