| Comprehensive Income |
4. COMPREHENSIVE INCOME The following tables detail the changes in the balances of each component of accumulated other comprehensive income for the affected periods: | | | | | | | | | | | | | | | | | | | | | | | | Unrealized Gains
(Losses) on
Available for
Sale Securities (1) | | Amortization of
Postretirement
Benefit (1) | | Gain (Loss) on
Foreign Currency
Translation (1) | | Credit Risk Changes of Fair Value Option Liabilities (1) (2) | | Total | Three Months Ended June 30, 2018: | | | | | | | | | | | Beginning Balance | | $ | 153,059 |
| | $ | 9,781 |
| | $ | (61,578 | ) | | $ | (1,786 | ) | | $ | 99,476 |
| Other comprehensive income (loss) before reclassifications | | 46,709 |
| | — |
| | (52,989 | ) | | — |
| | (6,280 | ) | Amounts reclassified from accumulated other comprehensive income (loss) | | (46,134 | ) | | (302 | ) | | — |
| | (906 | ) | | (47,342 | ) | Net current period other comprehensive income (loss) | | 575 |
| | (302 | ) | | (52,989 | ) | | (906 | ) | | (53,622 | ) | Balance at June 30, 2018 | | $ | 153,634 |
| | $ | 9,479 |
| | $ | (114,567 | ) | | $ | (2,692 | ) | | $ | 45,854 |
| | | | | | | | | | | | Three Months Ended June 30, 2017: | | | | | | | | | | | Beginning Balance | | $ | 140,198 |
| | $ | 11,654 |
| | $ | (154,627 | ) | | $ | — |
| | $ | (2,775 | ) | Other comprehensive income (loss) before reclassifications | | 15,070 |
| | — |
| | 29,292 |
| | — |
| | 44,362 |
| Amounts reclassified from accumulated other comprehensive income (loss) | | (2,421 | ) | | (338 | ) | | — |
| | — |
| | (2,759 | ) | Net current period other comprehensive income (loss) | | 12,649 |
| | (338 | ) | | 29,292 |
| | — |
| | 41,603 |
| Balance at June 30, 2017 | | $ | 152,847 |
| | $ | 11,316 |
| | $ | (125,335 | ) | | $ | — |
| | $ | 38,828 |
| | | | | | | | | | | | Six Months Ended June 30, 2018: | | | | | | | | | | | Beginning Balance | | $ | 30,755 |
| | $ | 10,640 |
| | $ | (93,634 | ) | | $ | — |
| | $ | (52,239 | ) | Adjustment to opening balance, net of taxes (3) | | — |
| | — |
| | — |
| | (2,900 | ) | | (2,900 | ) | Adjusted balance, beginning of period | | 30,755 |
| | 10,640 |
| | (93,634 | ) | | (2,900 | ) | | (55,139 | ) | Other comprehensive income (loss) before reclassifications | | 173,576 |
| | (556 | ) | | (20,933 | ) | | — |
| | 152,087 |
| Amounts reclassified from accumulated other comprehensive income (loss) | | (50,697 | ) | | (605 | ) | | — |
| | 208 |
| | (51,094 | ) | Net current period other comprehensive income (loss) | | 122,879 |
| | (1,161 | ) | | (20,933 | ) | | 208 |
| | 100,993 |
| Balance at June 30, 2018 | | $ | 153,634 |
| | $ | 9,479 |
| | $ | (114,567 | ) | | $ | (2,692 | ) | | $ | 45,854 |
| | | | | | | | | | | | Six Months Ended June 30, 2017: | | | | | | | | | | | Beginning Balance | | $ | 118,863 |
| | $ | 9,367 |
| | $ | (167,220 | ) | | $ | — |
| | $ | (38,990 | ) | Other comprehensive income (loss) before reclassifications | | 27,570 |
| | 2,625 |
| | 41,885 |
| | — |
| | 72,080 |
| Amounts reclassified from accumulated other comprehensive income (loss) | | 6,414 |
| | (676 | ) | | — |
| | — |
| | 5,738 |
| Net current period other comprehensive income (loss) | | 33,984 |
| | 1,949 |
| | 41,885 |
| | — |
| | 77,818 |
| Balance at June 30, 2017 | | $ | 152,847 |
| | $ | 11,316 |
| | $ | (125,335 | ) | | $ | — |
| | $ | 38,828 |
|
| | (1) | All amounts are net of tax and noncontrolling interest. Amounts in parentheses indicate reductions to Accumulated Other Comprehensive Income. |
| | (2) | Represents the changes in fair value attributable to instrument-specific credit risk of liabilities for which the fair value option is elected. |
| | (3) | Beginning in 2018, Credit risk changes of fair value option liabilities are reflected as a component of Accumulated Other Comprehensive Income pursuant to the adoption of ASU 2016-01. See Note 2 to the Consolidated Financial Statements included in this Form 10-Q for further information regarding this change. |
The following table details the significant amounts reclassified from each component of accumulated other comprehensive income, shown in the above rollforward tables, for the affected periods: | | | | | | | | | | | | Details about Accumulated Other Comprehensive Income Components | | Amount Reclassified from Accumulated
Other Comprehensive Income (1) | | Affected Line Item in the
Consolidated Statement of
Total Comprehensive Income (Loss) | | Three Months Ended June 30, | | | 2018 | | 2017 | | Unrealized Gains (Losses) on Available-for-Sale Securities | | | | | | | | | $ | (47,256 | ) | | $ | (2,421 | ) | | Net realized investment gains (losses) and other-than-temporary impairment losses | | | 1,122 |
| | — |
| | Provision for income taxes | | | $ | (46,134 | ) | | $ | (2,421 | ) | | Net of tax and noncontrolling interest | Amortization of Postretirement Benefit | | | | | | | Prior service cost | | $ | (241 | ) | | $ | (241 | ) | | Other income (2) | Actuarial (losses) | | (61 | ) | | (97 | ) | | Other income (2) | | | (302 | ) | | (338 | ) | | Total before tax | | | — |
| | — |
| | Provision for income taxes | | | (302 | ) | | (338 | ) | | Net of tax and noncontrolling interest | Credit risk changes of fair value option liabilities | | | | | | | | | $ | (1,094 | ) | | $ | — |
| | Credit Risk Changes of Fair Value Option Liabilities | | | 188 |
| | — |
| | Provision for income taxes | | | $ | (906 | ) | | $ | — |
| | Net of tax and noncontrolling interest | Total reclassifications for the period | | $ | (47,342 | ) | | $ | (2,759 | ) | | Net of tax and noncontrolling interest | | | | | | | | Details about Accumulated Other
Comprehensive Income Components | | Amount Reclassified from Accumulated
Other Comprehensive Income (1) | | Affected Line Item in the
Consolidated Statement of
Total Comprehensive Income (Loss) | | Six Months Ended June 30, | | | 2018 | | 2017 | | Unrealized Gains (Losses) on Available-for-Sale Securities | | | | | | | | | $ | (50,111 | ) | | $ | 6,414 |
| | Net realized investment (losses) gains and other-than-temporary impairment losses | | | (586 | ) | | — |
| | Tax (expense) benefit | | | $ | (50,697 | ) | | $ | 6,414 |
| | Net of tax and noncontrolling interest | Amortization of Postretirement Benefit | | | | | | | Prior service cost | | $ | (482 | ) | | $ | (482 | ) | | Other income (2) | Actuarial gains | | (123 | ) | | (194 | ) | | Other income (2) | | | (605 | ) | | (676 | ) | | Total before tax | | | — |
| | — |
| | Tax (expense) benefit | | | $ | (605 | ) | | $ | (676 | ) | | Net of tax and noncontrolling interest | Credit risk changes of fair value option liabilities | | | | | | | | | $ | 250 |
| | $ | — |
| | Credit Risk Changes of Fair Value Option Liabilities | | | (42 | ) | | — |
| | Provision for income taxes | | | $ | 208 |
| | $ | — |
| | Net of tax and noncontrolling interest | Total reclassifications for the period | | $ | (51,094 | ) | | $ | 5,738 |
| | Net of tax and noncontrolling interest |
| | (1) | Amounts in parentheses indicate reductions to Accumulated Other Comprehensive Income with corresponding increases to the affected line items in the Consolidated Statement of Total Comprehensive Income. |
| | (2) | These accumulated other comprehensive income components are included in the computation of net periodic benefit cost. |
|