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Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2023
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Other Comprehensive Income (Loss)

NOTE 4. OTHER COMPREHENSIVE INCOME (LOSS)

The following tables summarize other comprehensive income (loss) and disclose the tax impact of each component of other comprehensive income (loss) for the three and six months ended June 30, 2023 and 2022, respectively:

 

 

 

For the Three Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

 

Pre-tax

 

 

Tax

 

 

After-tax

 

 

Pre-tax

 

 

Tax

 

 

After-tax

 

 

 

(In thousands)

 

Other comprehensive income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in unrealized (losses) gains on investments, net

 

$

(2,986

)

 

$

700

 

 

$

(2,286

)

 

$

(16,161

)

 

$

3,783

 

 

$

(12,378

)

Reclassification adjustment of realized losses included in net income (loss)

 

 

9

 

 

 

(2

)

 

 

7

 

 

 

102

 

 

 

(24

)

 

 

78

 

Effect on other comprehensive income (loss)

 

$

(2,977

)

 

$

698

 

 

$

(2,279

)

 

$

(16,059

)

 

$

3,759

 

 

$

(12,300

)

 

 

 

For the Six Months Ended June 30,

 

 

 

2023

 

 

2022

 

 

 

Pre-tax

 

 

Tax

 

 

After-tax

 

 

Pre-tax

 

 

Tax

 

 

After-tax

 

 

 

(In thousands)

 

Other comprehensive income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in unrealized gains (losses) on investments, net

 

$

9,158

 

 

$

(2,155

)

 

$

7,003

 

 

$

(47,932

)

 

$

11,220

 

 

$

(36,712

)

Reclassification adjustment of realized losses included in net income (loss)

 

 

11

 

 

 

(3

)

 

 

8

 

 

 

118

 

 

 

(27

)

 

 

91

 

Effect on other comprehensive income (loss)

 

$

9,169

 

 

$

(2,158

)

 

$

7,011

 

 

$

(47,814

)

 

$

11,193

 

 

$

(36,621

)