Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2023

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

6. Accumulated Other Comprehensive Income

Changes in accumulated other comprehensive income (loss) (“AOCI”) are as follows:

	Three Months Ended March 31,
	2023		2022
		(in thousands)
Beginning Balance	$	(36,515)	$	5,312
Other comprehensive income (loss) before reclassification		6,956		(23,368)
Federal income tax expense		(1,460)		4,907
Other comprehensive income (loss) before reclassification, net of tax		5,496		(18,461)
Amounts reclassified from AOCI		(28)		(2)
Federal income tax expense		6		—
Amounts reclassified from AOCI, net of tax		(22)		(2)
Other comprehensive income (loss)		5,474		(18,463)
Balance at end of period	$	(31,041)	$	(13,151)