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Other Comprehensive Income (Tables)
 9 Months Ended
Sep. 30, 2020
Comprehensive Income Net Of Tax [Abstract]  
Summary of Other Comprehensive Income (Loss) and Tax Impact of Each Component of Other Comprehensive Income The following table is a summary of other comprehensive income (loss) and discloses the tax impact of each component of other comprehensive income for the three and nine months ended September 30, 2020 and 2019, respectively:

 

 

 

For the Three Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

 

Pre-tax

 

 

Tax

 

 

After-tax

 

 

Pre-tax

 

 

Tax

 

 

After-tax

 

 

 

(in thousands)

 

Other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in unrealized losses on investments, net

 

$

2,480

 

 

$

(574

)

 

$

1,906

 

 

$

4,429

 

 

$

(1,060

)

 

$

3,369

 

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

 

 

(20,355

)

 

 

4,711

 

 

 

(15,644

)

 

 

(103

)

 

 

25

 

 

 

(78

)

Effect on other comprehensive income

 

$

(17,875

)

 

$

4,137

 

 

$

(13,738

)

 

$

4,326

 

 

$

(1,035

)

 

$

3,291

 

 

 

 

For the Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

 

Pre-tax

 

 

Tax

 

 

After-tax

 

 

Pre-tax

 

 

Tax

 

 

After-tax

 

 

 

(in thousands)

 

Other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in unrealized losses on investments, net

 

$

19,330

 

 

$

(4,471

)

 

$

14,859

 

 

$

19,533

 

 

$

(4,677

)

 

$

14,856

 

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

 

 

(20,377

)

 

 

4,713

 

 

 

(15,664

)

 

 

291

 

 

 

(70

)

 

 

221

 

Effect on other comprehensive income

 

$

(1,047

)

 

$

242

 

 

$

(805

)

 

$

19,824

 

 

$

(4,747

)

 

$

15,077