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Other Comprehensive Income
12 Months Ended
Dec. 31, 2020
Comprehensive Income Note Disclosure [Abstract]  
Other Comprehensive Income (Loss)
The following table presents the changes in each component of AOCI, net of noncontrolling interests:
Unrealized Appreciation on Available-For-Sale InvestmentsForeign Currency Translation AdjustmentsTotal
Year Ended December 31, 2020
Beginning balance$258,486 $(46,395)$212,091 
Other comprehensive income (loss) before reclassifications668,996 33,995 702,991 
Amounts reclassified from accumulated other comprehensive income(426,187)— (426,187)
Net current period other comprehensive income (loss)242,809 33,995 276,804 
Ending balance$501,295 $(12,400)$488,895 
Year Ended December 31, 2019
Beginning balance$(114,178)$(64,542)$(178,720)
Other comprehensive income (loss) before reclassifications491,605 18,147 509,752 
Amounts reclassified from accumulated other comprehensive income(118,941)— (118,941)
Net current period other comprehensive income (loss)372,664 18,147 390,811 
Ending balance$258,486 $(46,395)$212,091 
Year Ended December 31, 2018
Beginning balance$157,400 $(39,356)$118,044 
Cumulative effect of an accounting change(149,794)— (149,794)
Other comprehensive income (loss) before reclassifications(266,357)(25,186)(291,543)
Amounts reclassified from accumulated other comprehensive income144,573 — 144,573 
Net current period other comprehensive income (loss)(121,784)(25,186)(146,970)
Ending balance$(114,178)$(64,542)$(178,720)
The following tables present details about amounts reclassified from accumulated other comprehensive income and the tax effects allocated to each component of other comprehensive income (loss):
Consolidated Statement of IncomeAmounts Reclassified from AOCI
Details AboutLine Item That IncludesYear Ended December 31,
 AOCI ComponentsReclassification202020192018
Unrealized appreciation on available-for-sale investments
Net realized gains (losses)$478,659 $131,043 $(153,822)
Provision for credit losses(3,597)
Other-than-temporary impairment losses(533)(3,165)(2,829)
Total before tax474,529 127,878 (156,651)
Income tax (expense) benefit(48,342)(8,937)12,078 
Net of tax$426,187 $118,941 $(144,573)
Following are the related tax effects allocated to each component of other comprehensive income (loss):
Before TaxTax ExpenseNet of Tax
Amount(Benefit)Amount
Year Ended December 31, 2020
Unrealized appreciation (decline) in value of investments:
Unrealized holding gains (losses) arising during period$754,572 $75,855 $678,717 
Less reclassification of net realized gains (losses) included in net income474,529 48,342 426,187 
Foreign currency translation adjustments33,706 370 33,336 
Other comprehensive income (loss)$313,749 $27,883 $285,866 
Year Ended December 31, 2019
Unrealized appreciation (decline) in value of investments:
Unrealized holding gains (losses) arising during period$562,576 $61,805 $500,771 
Less reclassification of net realized gains (losses) included in net income127,878 8,937 118,941 
Foreign currency translation adjustments18,463 353 18,110 
Other comprehensive income (loss)$453,161 $53,221 $399,940 
Year Ended December 31, 2018
Unrealized appreciation (decline) in value of investments:
Unrealized holding gains (losses) arising during period$(294,267)$(24,210)$(270,057)
Less reclassification of net realized gains (losses) included in net income(156,651)(12,078)(144,573)
Foreign currency translation adjustments(25,006)(176)(24,830)
Other comprehensive income (loss)$(162,622)$(12,308)$(150,314)