Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2020

Comprehensive Income Note Disclosure [Abstract]

Schedule of changes in each component of AOCI

The following table presents the changes in each component of AOCI, net of noncontrolling interests:


	Unrealized Appreciation on Available-For-Sale Investments		Foreign Currency Translation Adjustments		Total
Year Ended December 31, 2020
Beginning balance	$	258,486	$	(46,395)	$	212,091

Other comprehensive income (loss) before reclassifications	668,996		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 reclassifications	491,605		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 income	144,573		—		144,573
Net current period other comprehensive income (loss)	(121,784)		(25,186)		(146,970)
Ending balance	$	(114,178)	$	(64,542)	$	(178,720)

Details about amounts reclassified from AOCI

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 Income	Amounts Reclassified from AOCI
Details About	Line Item That Includes	Year Ended December 31,
AOCI Components	Reclassification	2020		2019		2018
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 tax	474,529		127,878		(156,651)
	Income tax (expense) benefit	(48,342)		(8,937)		12,078
	Net of tax	$	426,187	$	118,941	$	(144,573)

Schedule of tax effects allocated to each component of other comprehensive income (loss)

Following are the related tax effects allocated to each component of other comprehensive income (loss):


	Before Tax		Tax Expense		Net 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 income	474,529		48,342		426,187
Foreign currency translation adjustments	33,706		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 income	127,878		8,937		118,941
Foreign currency translation adjustments	18,463		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)