Supplemental Information about Changes to Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2022

Supplemental Information about Changes to Accumulated Other Comprehensive Income

Note 3—Supplemental Information about Changes to Accumulated Other Comprehensive Income

Components of Accumulated Other Comprehensive Income: An analysis of the change in balance by component of Accumulated Other Comprehensive Income is as follows for each of the years 2020 through 2022:


	Available for Sale Assets		Deferred Acquisition Costs		Foreign Exchange		Pension Adjustments		Total
For the year ended December 31, 2020:
Balance at January 1, 2020	$	1,982,650	$	(5,916)	$	12,058	$	(143,962)	$	1,844,830
Other comprehensive income (loss) before reclassifications, net of tax	1,167,003		1,212		11,244		(34,103)		1,145,356
Reclassifications, net of tax	25,919		—		—		13,139		39,058
Other comprehensive income (loss)	1,192,922		1,212		11,244		(20,964)		1,184,414
Balance at December 31, 2020	3,175,572		(4,704)		23,302		(164,926)		3,029,244

For the year ended December 31, 2021:
Other comprehensive income (loss) before reclassifications, net of tax	(385,231)		1,286		(3,915)		44,819		(343,041)
Reclassifications, net of tax	(25,051)		—		—		16,431		(8,620)
Other comprehensive income (loss)	(410,282)		1,286		(3,915)		61,250		(351,661)
Balance at December 31, 2021	2,765,290		(3,418)		19,387		(103,676)		2,677,583

For the year ended December 31, 2022:
Other comprehensive income (loss) before reclassifications, net of tax	(4,211,540)		7,668		(19,923)		94,055		(4,129,740)
Reclassifications, net of tax	25,578		—		—		10,865		36,443
Other comprehensive income (loss)	(4,185,962)		7,668		(19,923)		104,920		(4,093,297)
Balance at December 31, 2022	$	(1,420,672)	$	4,250	$	(536)	$	1,244	$	(1,415,714)

Reclassification adjustments: Reclassification adjustments out of Accumulated Other Comprehensive Income are presented below for the three years ended December 31, 2022.


	Year Ended December 31,						Affected line items in the Statement of Operations
Component Line Item	2022		2021		2020
Unrealized investment (gains) losses on available for sale assets:
Realized (gains) losses	$	32,165	$	(37,874)	$	26,345	Realized (gains) losses
Amortization of (discount) premium	212		6,164		6,464		Net investment income
Total before tax	32,377		(31,710)		32,809
Tax	(6,799)		6,659		(6,890)		Income tax benefit (expense)
Total after-tax	25,578		(25,051)		25,919
Pension adjustments:
Amortization of prior service cost	1,077		631		632		Other operating expense
Amortization of actuarial (gain) loss	12,677		20,166		16,000		Other operating expense
Total before tax	13,754		20,797		16,632
Tax	(2,889)		(4,366)		(3,493)		Income tax benefit (expense)
Total after-tax	10,865		16,431		13,139
Total reclassification (after-tax)	$	36,443	$	(8,620)	$	39,058