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Consolidated Statements of Comprehensive Income (Tables) | 6 Months Ended
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Jun. 30, 2022
Equity [Abstract] |
Components of changes in accumulated other comprehensive income (loss) | The following table presents the components of the changes in accumulated other comprehensive (loss) income ("AOCI"):
(In thousands) | Unrealized Investment (Losses) Gains |  | Currency Translation Adjustments |  |  | Accumulated Other Comprehensive (Loss) Income
As of and for the six months ended June 30, 2022 |  |  |  |  |
Changes in AOCI |  |  |  |  |
Beginning of period | $ | 90,900 |  |  | $ | (372,855) |  |  |  | $ | (281,955) |
Other comprehensive (loss) income before reclassifications | (799,623) |  |  | 12,879 |  |  |  | (786,744) |
Amounts reclassified from AOCI | 39,070 |  |  | — |  |  |  | 39,070 |
Other comprehensive (loss) income | (760,553) |  |  | 12,879 |  |  |  | (747,674) |
Unrealized investment loss related to noncontrolling interest | (1) |  |  | — |  |  |  | (1) |
End of period | $ | (669,654) |  |  | $ | (359,976) |  |  |  | $ | (1,029,630) |
Amounts reclassified from AOCI |  |  |  |  |  |
Pre-tax | $ | 49,456 |  | (1) | $ | — |  |  |  | $ | 49,456 |
Tax effect | (10,386) |  | (2) | — |  |  |  | (10,386) |
After-tax amounts reclassified | $ | 39,070 |  |  | $ | — |  |  |  | $ | 39,070 |
Other comprehensive (loss) income |  |  |  |  |  |
Pre-tax | $ | (970,232) |  |  | $ | 12,879 |  |  |  | $ | (957,353) |
Tax effect | 209,679 |  |  | — |  |  |  | 209,679 |
Other comprehensive (loss) income | $ | (760,553) |  |  | $ | 12,879 |  |  |  | $ | (747,674) |
As of and for the three months ended June 30, 2022 |  |  |  |  |
Changes in AOCI |  |  |  |  |
Beginning of period | $ | (332,646) |  |  | $ | (316,583) |  |  |  | $ | (649,229) |
Other comprehensive loss before reclassifications | (366,488) |  |  | (43,393) |  |  |  | (409,881) |
Amounts reclassified from AOCI | 29,480 |  |  | — |  |  |  | 29,480 |
Other comprehensive loss | (337,008) |  |  | (43,393) |  |  |  | (380,401) |
Unrealized investment loss related to noncontrolling interest | — |  |  | — |  |  |  | — |
Ending balance | $ | (669,654) |  |  | $ | (359,976) |  |  |  | $ | (1,029,630) |
Amounts reclassified from AOCI |  |  |  |  |  |
Pre-tax | $ | 37,316 |  | (1) | $ | — |  |  |  | $ | 37,316 |
Tax effect | (7,836) |  | (2) | — |  |  |  | (7,836) |
After-tax amounts reclassified | $ | 29,480 |  |  | $ | — |  |  |  | $ | 29,480 |
Other comprehensive loss |  |  |  |  |  |
Pre-tax | $ | (430,784) |  |  | $ | (43,393) |  |  |  | $ | (474,177) |
Tax effect | 93,776 |  |  | — |  |  |  | 93,776 |
Other comprehensive loss | $ | (337,008) |  |  | $ | (43,393) |  |  |  | $ | (380,401) |
As of and for the six months ended June 30, 2021 |  |  |  |  |
Changes in AOCI |  |  |  |  |
Beginning of period | $ | 289,714 |  |  | $ | (351,886) |  |  |  | $ | (62,172) |
Other comprehensive (loss) income before reclassifications | (87,168) |  |  | 6,587 |  |  |  | (80,581) |
Amounts reclassified from AOCI | 20,310 |  |  | — |  |  |  | 20,310 |
Other comprehensive (loss) income | (66,858) |  |  | 6,587 |  |  |  | (60,271) |
Unrealized investment loss related to noncontrolling interest | (1) |  |  | — |  |  |  | (1) |
End of period | $ | 222,855 |  |  | $ | (345,299) |  |  |  | $ | (122,444) |
Amounts reclassified from AOCI |  |  |  |  |  |
Pre-tax | $ | 25,709 |  | (1) | $ | — |  |  |  | $ | 25,709 |
Tax effect | (5,399) |  | (2) | — |  |  |  | (5,399) |
After-tax amounts reclassified | $ | 20,310 |  |  | $ | — |  |  |  | $ | 20,310 |
Other comprehensive (loss) income |  |  |  |  |  |
Pre-tax | $ | (84,931) |  |  | $ | 6,587 |  |  |  | $ | (78,344) |
Tax effect | 18,073 |  |  | — |  |  |  | 18,073 |
Other comprehensive (loss) income | $ | (66,858) |  |  | $ | 6,587 |  |  |  | $ | (60,271) |
As of and for the three months ended June 30, 2021 |  |  |  |  |  |
Changes in AOCI |  |  |  |  |
Beginning of period | $ | 199,584 |  |  | $ | (347,836) |  |  |  | $ | (148,252) |
Other comprehensive income before reclassifications | 11,823 |  |  | 2,537 |  |  |  | 14,360 |
Amounts reclassified from AOCI | 11,449 |  |  | — |  |  |  | 11,449 |
Other comprehensive income | 23,272 |  |  | 2,537 |  |  |  | 25,809 |
Unrealized investment loss related to noncontrolling interest | (1) |  |  | — |  |  |  | (1) |
Ending balance | $ | 222,855 |  |  | $ | (345,299) |  |  |  | $ | (122,444) |
Amounts reclassified from AOCI |  |  |  |  |  |
Pre-tax | $ | 14,493 |  | (1) | $ | — |  |  |  | $ | 14,493 |
Tax effect | (3,044) |  | (2) | — |  |  |  | (3,044) |
After-tax amounts reclassified | $ | 11,449 |  |  | $ | — |  |  |  | $ | 11,449 |
Other comprehensive income |  |  |  |  |  |
Pre-tax | $ | 28,804 |  |  | $ | 2,537 |  |  |  | $ | 31,341 |
Tax effect | (5,532) |  |  | — |  |  |  | (5,532) |
Other comprehensive income | $ | 23,272 |  |  | $ | 2,537 |  |  |  | $ | 25,809 |
____________ (1) Net investment (losses) gains in the consolidated statements of income. (2) Income tax expense in the consolidated statements of income.

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