Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Other Comprehensive Income (Loss)

The changes in the components of other comprehensive income (loss) are reported net of the effects of income taxes of 21% in 2021, 2020 and 2019, as indicated below.


(In thousands)	Amount		Tax Effect	Total
Year ended December 31, 2021
Unrealized gains (losses):
Unrealized holding gains (losses) arising during the period	$	(41,123)	3,084	(38,039)
Reclassification adjustment for (gains) losses included in net income	(243)		51	(192)
Effects on DAC	37,679		(8,938)	28,741
Effects on COIA	276		(58)	218
Effects on unearned revenue reserves	(1,887)		396	(1,491)

Other comprehensive income (loss)	$	(5,298)	(5,465)	(10,763)
Year ended December 31, 2020
Unrealized gains (losses):
Unrealized holding gains (losses) arising during the period	$	84,010	(6,044)	77,966
Reclassification adjustment for (gains) losses included in net income	111		(23)	88
Effects on DAC	(37,372)		8,872	(28,500)
Effects on COIA	(98)		21	(77)
Effects on unearned revenue reserves	2,102		(441)	1,661

Other comprehensive income (loss)	$	48,753	2,385	51,138
Year ended December 31, 2019
Unrealized gains (losses):
Unrealized holding gains (losses) arising during the period	$	78,744	(5,535)	73,209
Reclassification adjustment for (gains) losses included in net income	(1,927)		405	(1,522)
Effects on DAC	(484)		102	(382)
Effects on COIA	(224)		47	(177)
Effects on unearned revenue reserves	789		(166)	623

Other comprehensive income (loss)	$	76,898	(5,147)	71,751