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Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2018
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Other comprehensive income
The pretax components of our other comprehensive income (loss) and related income tax (expense) benefit for the years ended December 31, 2018, 2017 and 2016 are included in table 10.1 below.
Components of other comprehensive income (loss)
Table
10.1
 
 
 
 
 
 
(In thousands)
 
2018
 
2017
 
2016
Net unrealized investment (losses) gains arising during the year
 
$
(81,834
)
 
$
69,052

 
$
(5,425
)
Income tax benefit (expense)
 
17,188

 
(21,505
)
 
1,776

Net of taxes
 
(64,646
)
 
47,547

 
(3,649
)
 
 
 
 
 
 
 
Net changes in benefit plan assets and obligations
 
(19,958
)
 
(8,983
)
 
(14,799
)
Income tax benefit
 
4,191

 
3,144

 
5,179

Net of taxes
 
(15,767
)
 
(5,839
)
 
(9,620
)
 
 
 
 
 
 
 
Net changes in unrealized foreign currency translation adjustment
 
—

 
45

 
(1,463
)
Income tax (expense) benefit
 
—

 
(14
)
 
512

Net of taxes
 
—

 
31

 
(951
)
 
 
 
 
 
 
 
Total other comprehensive (loss) income
 
(101,792
)
 
60,114

 
(21,687
)
Total income tax benefit (expense), net
 
21,379

 
(18,375
)
 
7,467

Total other comprehensive (loss) income, net of tax
 
$
(80,413
)
 
$
41,739

 
$
(14,220
)
Reclassification out of accumulated other comprehensive income
The pretax and related income tax benefit (expense) components of the amounts reclassified from our accumulated other comprehensive loss ("AOCL") to our consolidated statements of operations for the years ended December 31, 2018, 2017 and 2016 are included in table 10.2 below.
Reclassifications from AOCL
Table
10.2
 
 
 
 
 
 
(In thousands)
 
2018
 
2017
 
2016
Reclassification adjustment for net realized (losses) gains included in net income (1)
 
$
(7,037
)
 
$
(2,580
)
 
$
6,207

Income tax benefit (expense)
 
1,477

 
903

 
(2,050
)
Net of taxes
 
(5,560
)
 
(1,677
)
 
4,157

 
 
 
 
 
 
 
Reclassification adjustment related to benefit plan assets and obligations (2)
(2,232
)
 
906

 
1,480

Income tax benefit (expense)
 
469

 
(317
)
 
(518
)
Net of taxes
 
(1,763
)
 
589

 
962

 
 
 
 
 
 
 
Reclassification adjustment related to foreign currency (3)
 
—

 
—

 
1,467

Income tax (expense)
 
—

 
—

 
(513
)
Net of taxes
 
—

 
—

 
954

 
 
 
 
 
 
 
Total reclassifications
 
(9,269
)
 
(1,674
)
 
9,154

Total income tax benefit (expense), net
 
1,946

 
586

 
(3,081
)
Total reclassifications, net of tax
 
$
(7,323
)
 
$
(1,088
)
 
$
6,073

(1) 
(Decreases) increases Net realized investment gains on the consolidated statements of operations.
(2) 
Decreases (increases) Other underwriting and operating expenses, net on the consolidated statements of operations.
(3) 
Increases (decreases) Other revenue on the consolidated statements of operations.
Accumulated other comprehensive income (loss)
A roll-forward of AOCL for the years ended December 31, 2018, 2017, and 2016, including amounts reclassified from AOCL, is included in table 10.3 below.
Roll-forward of AOCL
Table
10.3
 
 
 
 
 
 
 
 
(In thousands)
 
Net unrealized gains and losses on available-for-sale securities
 
Net benefit plan assets and obligations recognized in shareholders' equity
 
Net unrealized foreign currency translation
 
Total AOCL
Balance, December 31, 2015, net of tax
 
$
(17,148
)
 
$
(44,652
)
 
$
920

 
$
(60,880
)
Other comprehensive income (loss) before reclassifications
 
508

 
(8,658
)
 
3

 
(8,147
)
Less: Amounts reclassified from AOCL
 
4,157

 
962

 
954

 
6,073

Balance, December 31, 2016, net of tax
 
(20,797
)
 
(54,272
)
 
(31
)
 
(75,100
)
Other comprehensive income (loss) before reclassifications
 
45,870

 
(5,250
)
 
31

 
40,651

Less: Amounts reclassified from AOCL
 
(1,677
)
 
589

 
—

 
(1,088
)
Less: Amounts reclassified for lower enacted corporate tax rate
 
(2,525
)
 
12,947

 
—

 
10,422

Balance, December 31, 2017, net of tax
 
29,275

 
(73,058
)
 
—

 
(43,783
)
Cumulative effect of adopting the accounting standard update for financial instruments
 
(18
)
 
—

 
—

 
(18
)
Other comprehensive income (loss) before reclassifications
 
(70,206
)
 
(17,530
)
 
—

 
(87,736
)
Less: Amounts reclassified from AOCL
 
(5,560
)
 
(1,763
)
 
—

 
(7,323
)
Balance, December 31, 2018, net of tax
 
$
(35,389
)
 
$
(88,825
)
 
$
—

 
(124,214
)