Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following tables show the rollforward of accumulated other comprehensive income (loss) as of the periods indicated.

Rollforward of accumulated other comprehensive income (loss)
	Three Months Ended June 30, 2024						Six Months Ended June 30, 2024
(In thousands)	Before Tax		Tax Effect		Net of Tax		Before Tax		Tax Effect		Net of Tax
Balance at beginning of period	$	(458,856)	$	(96,360)	$	(362,496)	$	(418,799)	$	(87,948)	$	(330,851)
Other comprehensive income (loss)
Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected credit losses has not been recognized	(21,825)		(4,583)		(17,242)		(65,480)		(13,751)		(51,729)
Less: Reclassification adjustment for net gains (losses) on investments included in net income (1)
Net realized gains (losses) on disposals and non-credit related impairment losses	(3,071)		(644)		(2,427)		(6,755)		(1,418)		(5,337)
Net unrealized gains (losses) on investments	(18,754)		(3,939)		(14,815)		(58,725)		(12,333)		(46,392)
Other adjustments to comprehensive income (loss), net	—		—		—		(86)		(18)		(68)
Other comprehensive income (loss)	(18,754)		(3,939)		(14,815)		(58,811)		(12,351)		(46,460)
Balance at end of period	$	(477,610)	$	(100,299)	$	(377,311)	$	(477,610)	$	(100,299)	$	(377,311)
	Three Months Ended June 30, 2023						Six Months Ended June 30, 2023
(In thousands)	Before Tax		Tax Effect		Net of Tax		Before Tax		Tax Effect		Net of Tax
Balance at beginning of period	$	(489,410)	$	(102,777)	$	(386,633)	$	(578,228)	$	(121,429)	$	(456,799)
Other comprehensive income (loss)
Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected credit losses has not been recognized	(52,056)		(10,931)		(41,125)		31,303		6,574		24,729
Less: Reclassification adjustment for net gains (losses) on investments included in net income (1)
Net realized gains (losses) on disposals and non-credit related impairment losses	(5,154)		(1,082)		(4,072)		(10,386)		(2,181)		(8,205)
Net unrealized gains (losses) on investments	(46,902)		(9,849)		(37,053)		41,689		8,755		32,934
Other adjustments to comprehensive income, net	—		—		—		227		48		179
Other comprehensive income (loss)	(46,902)		(9,849)		(37,053)		41,916		8,803		33,113
Balance at end of period	$	(536,312)	$	(112,626)	$	(423,686)	$	(536,312)	$	(112,626)	$	(423,686)

(1)Included in net gains (losses) on investments and other financial instruments in our condensed consolidated statements of operations.