Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2021

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

Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component, Including Amounts Reclassified to Other Comprehensive Income (Loss) and the Related Line Item in the Statements of Operations Where Net Income is Presented

Changes in accumulated other comprehensive income ("AOCI") (loss) by component, including amounts reclassified to other comprehensive income ("OCI") (loss) and the related line item in the Statements of Operations where net income is presented, are as follows:

	Three months ended						Three months ended
	June 30, 2021						June 30, 2020
(in thousands)	Before Tax		Income Tax		Net		Before Tax		Income Tax		Net
Investment securities:
AOCI (loss), beginning of period (1)	$	18,306	$	3,845	$	14,461	$	(27,761)	$	0	$	(27,761)
OCI before reclassifications (1)	3,783		795		2,988		40,364		2,646		37,718
Realized investment gains	(397)		(84)		(313)		(355)		(75)		(280)
Impairment losses	1		0		1		17		4		13
OCI	3,387		711		2,676		40,026		2,575		37,451
AOCI, end of period (1)	$	21,693	$	4,556	$	17,137	$	12,265	$	2,575	$	9,690
Pension and other postretirement plans:
AOCI (loss), beginning of period	$	(123,917)	$	(26,024)	$	(97,893)	$	(150,233)	$	(31,550)	$	(118,683)
Amortization of prior service costs	357		75		282		336		70		266
Amortization of net actuarial loss	4,027		846		3,181		3,031		637		2,394
OCI	4,384		921		3,463		3,367		707		2,660
AOCI (loss), end of period	$	(119,533)	$	(25,103)	$	(94,430)	$	(146,866)	$	(30,843)	$	(116,023)
Total
AOCI (loss), beginning of period	$	(105,611)	$	(22,179)	$	(83,432)	$	(177,994)	$	(31,550)	$	(146,444)
Investment securities	3,387		711		2,676		40,026		2,575		37,451
Pension and other postretirement plans	4,384		921		3,463		3,367		707		2,660
OCI	7,771		1,632		6,139		43,393		3,282		40,111
AOCI (loss), end of period	$	(97,840)	$	(20,547)	$	(77,293)	$	(134,601)	$	(28,268)	$	(106,333)
	Six months ended						Six months ended
	June 30, 2021						June 30, 2020
(in thousands)	Before Tax		Income Tax		Net		Before Tax		Income Tax		Net
Investment securities:
AOCI, beginning of period	$	29,384	$	6,171	$	23,213	$	5,664	$	1,189	$	4,475
OCI (loss) before reclassifications	(5,725)		(1,202)		(4,523)		4,671		981		3,690
Realized investment gains	(1,880)		(395)		(1,485)		(970)		(204)		(766)
Impairment (recoveries) losses	(86)		(18)		(68)		2,900		609		2,291
OCI (loss)	(7,691)		(1,615)		(6,076)		6,601		1,386		5,215
AOCI, end of period	$	21,693	$	4,556	$	17,137	$	12,265	$	2,575	$	9,690
Pension and other postretirement plans:
AOCI (loss), beginning of period	$	(128,300)	$	(26,944)	$	(101,356)	$	(153,600)	$	(32,257)	$	(121,343)
Amortization of prior service costs	714		150		564		672		141		531
Amortization of net actuarial loss	8,053		1,691		6,362		6,062		1,273		4,789
OCI	8,767		1,841		6,926		6,734		1,414		5,320
AOCI (loss), end of period	$	(119,533)	$	(25,103)	$	(94,430)	$	(146,866)	$	(30,843)	$	(116,023)
Total
AOCI (loss), beginning of period	$	(98,916)	$	(20,773)	$	(78,143)	$	(147,936)	$	(31,068)	$	(116,868)
Investment securities	(7,691)		(1,615)		(6,076)		6,601		1,386		5,215
Pension and other postretirement plans	8,767		1,841		6,926		6,734		1,414		5,320
OCI	1,076		226		850		13,335		2,800		10,535
AOCI (loss), end of period	$	(97,840)	$	(20,547)	$	(77,293)	$	(134,601)	$	(28,268)	$	(106,333)

(1)As of June 30, 2020, the valuation allowance that was recognized on the deferred tax asset primarily related to unrealized losses on our investments at March 31, 2020 was fully released.