| Consolidated Statements of Comprehensive (Loss) Income |
Consolidated Statements of Comprehensive (Loss) Income 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 six months ended June 30, 2024 | | | | | | | | Changes in AOCI | | | | | | | | Beginning of period | $ | (586,354) | | | $ | (339,484) | | | | $ | (925,838) | | | | | | | | | | | | | | | | | | | | Other comprehensive loss before reclassifications | (156,023) | | | (24,343) | | | | (180,366) | | | | Amounts reclassified from AOCI | 72,563 | | | — | | | | 72,563 | | | | Other comprehensive loss | (83,460) | | | (24,343) | | | | (107,803) | | | | Unrealized investment gain related to noncontrolling interest | 1 | | | — | | | | 1 | | | | End of period | $ | (669,813) | | | $ | (363,827) | | | | $ | (1,033,640) | | | | Amounts reclassified from AOCI | | | | | | | | | Pre-tax | $ | 91,852 | | (1) | $ | — | | | | $ | 91,852 | | | | Tax effect | (19,289) | | (2) | — | | | | (19,289) | | | | After-tax amounts reclassified | $ | 72,563 | | | $ | — | | | | $ | 72,563 | | | | Other comprehensive loss | | | | | | | | | Pre-tax | $ | (109,937) | | | $ | (24,343) | | | | $ | (134,280) | | | | Tax effect | 26,477 | | | — | | | | 26,477 | | | | Other comprehensive loss | $ | (83,460) | | | $ | (24,343) | | | | $ | (107,803) | | | | | | | | | | | | As of and for the three months ended June 30, 2024 | | | | | | | | Changes in AOCI | | | | | | | | Beginning of period | $ | (656,476) | | | $ | (367,054) | | | | $ | (1,023,530) | | | | | | | | | | | | | | | | | | | | Other comprehensive (loss) income before reclassifications | (54,711) | | | 3,227 | | | | (51,484) | | | | Amounts reclassified from AOCI | 41,373 | | | — | | | | 41,373 | | | | Other comprehensive (loss) income | (13,338) | | | 3,227 | | | | (10,111) | | | | Unrealized investment gain to noncontrolling interest | 1 | | | — | | | | 1 | | | | Ending balance | $ | (669,813) | | | $ | (363,827) | | | | $ | (1,033,640) | | | | Amounts reclassified from AOCI | | | | | | | | | Pre-tax | $ | 52,371 | | (1) | $ | — | | | | $ | 52,371 | | | | Tax effect | (10,998) | | (2) | — | | | | (10,998) | | | | After-tax amounts reclassified | $ | 41,373 | | | $ | — | | | | $ | 41,373 | | | | Other comprehensive (loss) income | | | | | | | | | Pre-tax | $ | (20,640) | | | $ | 3,227 | | | | $ | (17,413) | | | | Tax effect | 7,302 | | | — | | | | 7,302 | | | | Other comprehensive (loss) income | $ | (13,338) | | | $ | 3,227 | | | | $ | (10,111) | | |
| | | | | | | | | | | | | | | | | | | | (In thousands) | Unrealized Investment (Losses) Gains | | Currency Translation Adjustments | | | Accumulated Other Comprehensive
(Loss) Income | | As of and for the six months ended June 30, 2023 | | | | | | | Changes in AOCI | | | | | | | Beginning of period | $ | (892,905) | | | $ | (371,676) | | | | $ | (1,264,581) | | | | | | | | | | | | | | | | | Other comprehensive income before reclassifications | 99,093 | | | 15,394 | | | | 114,487 | | | Amounts reclassified from AOCI | (31,578) | | | — | | | | (31,578) | | | Other comprehensive income | 67,515 | | | 15,394 | | | | 82,909 | | | Unrealized investment loss related to noncontrolling interest | (1) | | | — | | | | (1) | | | End of period | $ | (825,391) | | | $ | (356,282) | | | | $ | (1,181,673) | | | Amounts reclassified from AOCI | | | | | | | | Pre-tax | $ | (39,972) | | (1) | $ | — | | | | $ | (39,972) | | | Tax effect | 8,394 | | (2) | — | | | | 8,394 | | | After-tax amounts reclassified | $ | (31,578) | | | $ | — | | | | $ | (31,578) | | | Other comprehensive income | | | | | | | | Pre-tax | $ | 87,978 | | | $ | 15,394 | | | | $ | 103,372 | | | Tax effect | (20,463) | | | — | | | | (20,463) | | | Other comprehensive income | $ | 67,515 | | | $ | 15,394 | | | | $ | 82,909 | | | | | | | | | | As of and for the three months ended June 30, 2023 | | | | | | | Changes in AOCI | | | | | | | Beginning of period | $ | (712,107) | | | $ | (366,810) | | | | $ | (1,078,917) | | | | | | | | | | | | | | | | | Other comprehensive (loss) income before reclassifications | (56,122) | | | 10,528 | | | | (45,594) | | | Amounts reclassified from AOCI | (57,162) | | | — | | | | (57,162) | | | Other comprehensive (loss) income | (113,284) | | | 10,528 | | | | (102,756) | | | Unrealized investment loss related to noncontrolling interest | — | | | — | | | | — | | | Ending balance | $ | (825,391) | | | $ | (356,282) | | | | $ | (1,181,673) | | | Amounts reclassified from AOCI | | | | | | | | Pre-tax | $ | (72,357) | | (1) | $ | — | | | | $ | (72,357) | | | Tax effect | 15,195 | | (2) | — | | | | 15,195 | | | After-tax amounts reclassified | $ | (57,162) | | | $ | — | | | | $ | (57,162) | | | Other comprehensive (loss) income | | | | | | | | Pre-tax | $ | (144,043) | | | $ | 10,528 | | | | $ | (133,515) | | | Tax effect | 30,759 | | | — | | | | 30,759 | | | Other comprehensive (loss) income | $ | (113,284) | | | $ | 10,528 | | | | $ | (102,756) | |
____________(1) Net investment (losses) gains in the consolidated statements of income. (2) Income tax expense in the consolidated statements of income.
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