Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2014

Accumulated Other Comprehensive Income Other Comprehensive Income [Abstract]

Components of Accumulated Other Comprehensive Income (Loss)

Changes in the balances of each component of accumulated other comprehensive income (loss) for the years ended December 31, 2014, 2013 and 2012 are as follows:

	Unrealized gains (losses) on securities			Foreign currency translation adjustment			Pension benefit adjustment			Accumulated other comprehensive income (loss)
	(in thousands)
Balance at December 31, 2011	$	(13,409	)	$	4,793		$	(168,837	)	$	(177,453	)
Change in unrealized gains (losses) on securities		52,409			—			—			52,409
Change in unrealized gains (losses) on securities for which credit losses have been recognized in earnings		6,502			—			—			6,502
Change in foreign currency translation adjustments		—			5,131			—			5,131
Net actuarial loss		—			—			(46,602	)		(46,602	)
Amortization of net actuarial loss		—			—			28,368			28,368
Amortization of prior service cost		—			—			(4,385	)		(4,385	)
Tax effect		(23,564	)		—			9,048			(14,516	)
Balance at December 31, 2012		21,938			9,924			(182,408	)		(150,546	)
Change in unrealized gains (losses) on securities		(54,000	)		—			—			(54,000	)
Change in unrealized gains (losses) on securities for which credit losses have been recognized in earnings		3,809			—			—			3,809
Change in foreign currency translation adjustments		—			(13,650	)		—			(13,650	)
Net actuarial gain		—			—			53,080			53,080
Amortization of net actuarial loss		—			—			32,033			32,033
Amortization of prior service cost		—			—			(4,385	)		(4,385	)
Tax effect		19,526			—			(31,404	)		(11,878	)
Balance at December 31, 2013		(8,727	)		(3,726	)		(133,084	)		(145,537	)
Change in unrealized gains (losses) on securities		29,889			—			—			29,889
Change in unrealized gains (losses) on securities for which credit losses have been recognized in earnings		1,229			—			—			1,229
Change in foreign currency translation adjustments		—			(16,694	)		—			(16,694	)
Net actuarial loss		—			—			(109,924	)		(109,924	)
Amortization of net actuarial loss		—			—			22,587			22,587
Amortization of prior service cost		—			—			(4,153	)		(4,153	)
Tax effect		(11,480	)		—			34,994			23,514
Balance at December 31, 2014	$	10,911		$	(20,420	)	$	(189,580	)	$	(199,089	)

Accumulated Other Comprehensive Income (Loss) Allocated to Company and Noncontrolling Interests

Components of accumulated other comprehensive income (loss) allocated to the Company and noncontrolling interests are as follows:

	Unrealized gains (losses) on securities			Foreign currency translation adjustment			Pension benefit adjustment			Accumulated other comprehensive income (loss)
	(in thousands)
2014
Allocated to the Company	$	10,894		$	(20,420	)	$	(189,580	)	$	(199,106	)
Allocated to noncontrolling interests		17			—			—			17
Balance at December 31, 2014	$	10,911		$	(20,420	)	$	(189,580	)	$	(199,089	)
2013
Allocated to the Company	$	(8,734	)	$	(3,726	)	$	(133,084	)	$	(145,544	)
Allocated to noncontrolling interests		7			—			—			7
Balance at December 31, 2013	$	(8,727	)	$	(3,726	)	$	(133,084	)	$	(145,537	)
2012
Allocated to the Company	$	21,928		$	9,924		$	(182,408	)	$	(150,556	)
Allocated to noncontrolling interests		10			—			—			10
Balance at December 31, 2012	$	21,938		$	9,924		$	(182,408	)	$	(150,546	)

Adjustments for Reclassification of Accumulated Other Comprehensive Income (Loss)

The following table presents the other comprehensive income (loss) reclassification adjustments for the years ended December 31, 2014, 2013 and 2012:

	Unrealized gains (losses) on securities			Foreign currency translation adjustment			Pension benefit adjustment			Total other comprehensive income (loss)
	(in thousands)
Year ended December 31, 2014
Pretax change before reclassifications	$	52,693		$	(16,694	)	$	(109,924	)	$	(73,925	)
Reclassifications out of AOCI		(21,575	)		—			18,434			(3,141	)
Tax effect		(11,480	)		—			34,994			23,514
Total other comprehensive income (loss), net of tax	$	19,638			(16,694	)	$	(56,496	)	$	(53,552	)
Year ended December 31, 2013
Pretax change before reclassifications	$	(40,396	)	$	(13,650	)	$	53,080		$	(966	)
Reclassifications out of AOCI		(9,795	)		—			27,648			17,853
Tax effect		19,526			—			(31,404	)		(11,878	)
Total other comprehensive income (loss), net of tax	$	(30,665	)	$	(13,650	)	$	49,324		$	5,009
Year ended December 31, 2012
Pretax change before reclassifications	$	128,745		$	5,131		$	(46,602	)	$	87,274
Reclassifications out of AOCI		(69,834	)		—			23,983			(45,851	)
Tax effect		(23,564	)		—			9,048			(14,516	)
Total other comprehensive income (loss), net of tax	$	35,347		$	5,131		$	(13,571	)	$	26,907

Reclassifications out of Accumulated Other Comprehensive Income (Loss)

The following table presents the effect of the reclassifications out of accumulated other comprehensive income (loss) on the respective line items in the consolidated statements of income:

	Amounts reclassified from accumulated other comprehensive income (loss)
	Year ended December 31,							Affected line items in the
(in thousands)	2014				2013			consolidated statements of income
Unrealized gains (losses) on securities:
Net realized gains (losses) on sales of securities	$	23,276		$	9,795			Net realized investment gains
Net other-than-temporary impairment losses		(1,701	)		—			Net other-than-temporary impairment losses
Pretax total	$	21,575		$	9,795
Tax effect	$	(7,959	)	$	(3,811	)
Pension benefit adjustment:
Amortization of defined benefit pension and supplemental benefit plan items:
Net actuarial loss	$	(22,587	)	$	(32,033	)	(1)
Prior service credit		4,153			4,385		(1)
Pretax total	$	(18,434	)	$	(27,648	)
Tax effect	$	7,051		$	10,757

(1) These accumulated other comprehensive income components are included in the computation of net periodic cost. See Note 14 Employee Benefit Plans for additional details.