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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
AOCI represents the accumulated change in shareholders’ equity from transactions and other events and circumstances from non-shareholder sources. For the Company, AOCI includes the after tax change in net unrealized investment gains (losses) on fixed maturity securities and the after tax change in net funded status of benefit plans for the periods as shown in the Consolidated Statements of Changes in Shareholders’ Equity. The following table reconciles these components.
($ in thousands)
Net Unrealized Investment
 Gains (Losses)
 on
Securities (1)(2)
Net Funded Status of
Benefit Plans (1)
Total (1)
Beginning balance, July 1, 2020$279,129 $(10,767)$268,362 
Other comprehensive income (loss) before reclassifications54,312 — 54,312 
Amounts reclassified from AOCI(5,244)— (5,244)
Net current period other comprehensive income (loss)
49,068 — 49,068 
Ending balance, September 30, 2020$328,197 $(10,767)$317,430 
Beginning balance, January 1, 2020$230,448 $(10,767)$219,681 
Other comprehensive income (loss) before reclassifications97,311 — 97,311 
Amounts reclassified from AOCI438 — 438 
Net current period other comprehensive income (loss)
97,749 — 97,749 
Ending balance, September 30, 2020$328,197 $(10,767)$317,430 
(1)All amounts are net of tax.
(2)The pretax amounts reclassified from AOCI, $6.6 million and $(0.6) million, are included in Net investment gains (losses) and the related income tax expenses, $1.4 million and $(0.1) million, are included in income tax expense in the Consolidated Statements of Operations for the three and nine month periods ended September 30, 2020, respectively.
($ in thousands)
Net Unrealized Investment
Gains (Losses)
on
Securities (1)(2)
Net Funded Status of
Benefit Plans (1)
Total (1)
Beginning balance, July 1, 2019$203,077 $(12,185)$190,892 
Other comprehensive income (loss) before reclassifications64,577 — 64,577 
Amounts reclassified from AOCI(1,273)— (1,273)
Net current period other comprehensive income (loss)
63,304 — 63,304 
Ending balance, September 30, 2019$266,381 $(12,185)$254,196 
Beginning balance, January 1, 2019$96,941 $(12,185)$84,756 
Other comprehensive income (loss) before reclassifications292,043 — 292,043 
Amounts reclassified from AOCI(122,603)— (122,603)
Net current period other comprehensive income (loss)
169,440 — 169,440 
Ending balance, September 30, 2019$266,381 $(12,185)$254,196 
(1)    All amounts are net of tax.
(2)    The pretax amounts reclassified from AOCI, $1.6 million and $155.2 million, are included in Net investment gains (losses) and the related income tax expenses, $0.3 million and $32.6 million, are included in Income tax expense in the Consolidated Statements of Operations for the three and nine month periods ended September 30, 2019, respectively.

Comparative information for elements that are not required to be reclassified in their entirety to net income in the same reporting period is disclosed in Note 2.