Other Comprehensive Income

12 Months Ended

Dec. 31, 2021

Comprehensive Income Note Disclosure [Abstract]

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, 2021
Beginning balance	$	501,295	$	(12,400)	$	488,895

Other comprehensive income (loss) before reclassifications	(371,741)		(65,686)		(437,427)
Amounts reclassified from accumulated other comprehensive income	(116,068)		—		(116,068)
Net current period other comprehensive income (loss)	(487,809)		(65,686)		(553,495)
Ending balance	$	13,486	$	(78,086)	$	(64,600)

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

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	2021		2020		2019
Unrealized appreciation on available-for-sale investments
	Net realized gains (losses)	$	157,095	$	478,659	$	131,043
	Provision for credit losses	(2,099)		(3,597)		—
	Other-than-temporary impairment losses	—		(533)		(3,165)
	Total before tax	154,996		474,529		127,878
	Income tax (expense) benefit	(38,928)		(48,342)		(8,937)
	Net of tax	$	116,068	$	426,187	$	118,941

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, 2021
Unrealized appreciation (decline) in value of investments:
Unrealized holding gains (losses) arising during period	$	(406,774)	$	(19,845)	$	(386,929)

Less reclassification of net realized gains (losses) included in net income	154,996		38,928		116,068
Foreign currency translation adjustments	(64,423)		59		(64,482)
Other comprehensive income (loss)	$	(626,193)	$	(58,714)	$	(567,479)

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