Other Comprehensive Income

3 Months Ended

Mar. 31, 2021

Comprehensive Income (Loss) Note [Text Block]

OTHER COMPREHENSIVE INCOME

The changes in the components of other comprehensive income (loss) are reported net of the effects of income taxes of 21% as of the three months ended March 31, 2021 and 2020, as indicated below.


(In thousands)	Amount		Tax Effect	Total
Three months ended March 31, 2021
Unrealized gains (losses):
Unrealized holding gains (losses) arising during the period	$	(79,422)	5,373	(74,049)
Reclassification adjustment for (gains) losses included in net income	(35)		7	(28)
Effects on deferred policy acquisition costs	25,198		(6,317)	18,881
Effects on cost of insurance acquired	269		(56)	213
Effects on unearned revenue reserves	(1,943)		408	(1,535)
Other comprehensive income (loss)	$	(55,933)	(585)	(56,518)

Three months ended March 31, 2020
Unrealized gains (losses):
Unrealized holding gains (losses) arising during the period	$	(42,906)	2,750	(40,156)
Reclassification adjustment for (gains) losses included in net income	132		(28)	104
Effects on deferred policy acquisition costs	211		(44)	167
Effects on cost of insurance acquired	115		(24)	91
Effects on unearned revenue reserves	(349)		73	(276)
Other comprehensive income (loss)	$	(42,797)	2,727	(40,070)