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Consolidated Statements of Comprehensive Income (Tables) | 6 Months Ended
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Jun. 30, 2023
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, 2023 |  |  |  |  |
Changes in AOCI |  |  |  |  |
Beginning of period | $ | (892,905) |  |  | $ | (371,676) |  |  |  | $ | (1,264,581) |
Other comprehensive income before reclassifications | 99,093 |  |  | 15,394 |  |  |  | 114,487 |
Amounts reclassified from AOCI | (31,578) |  |  | — |  |  |  | (31,578) |
Other comprehensive income | 67,515 |  |  | 15,394 |  |  |  | 82,909 |
Unrealized investment loss related to noncontrolling interest | (1) |  |  | — |  |  |  | (1) |
End of period | $ | (825,391) |  |  | $ | (356,282) |  |  |  | $ | (1,181,673) |
Amounts reclassified from AOCI |  |  |  |  |  |
Pre-tax | $ | (39,972) |  | (1) | $ | — |  |  |  | $ | (39,972) |
Tax effect | 8,394 |  | (2) | — |  |  |  | 8,394 |
After-tax amounts reclassified | $ | (31,578) |  |  | $ | — |  |  |  | $ | (31,578) |
Other comprehensive income |  |  |  |  |  |
Pre-tax | $ | 87,978 |  |  | $ | 15,394 |  |  |  | $ | 103,372 |
Tax effect | (20,463) |  |  | — |  |  |  | (20,463) |
Other comprehensive income | $ | 67,515 |  |  | $ | 15,394 |  |  |  | $ | 82,909 |
As of and for the three months ended June 30, 2023 |  |  |  |  |
Changes in AOCI |  |  |  |  |
Beginning of period | $ | (712,107) |  |  | $ | (366,810) |  |  |  | $ | (1,078,917) |
Other comprehensive (loss) income before reclassifications | (56,122) |  |  | 10,528 |  |  |  | (45,594) |
Amounts reclassified from AOCI | (57,162) |  |  | — |  |  |  | (57,162) |
Other comprehensive (loss) income | (113,284) |  |  | 10,528 |  |  |  | (102,756) |
Unrealized investment loss related to noncontrolling interest | — |  |  | — |  |  |  | — |
Ending balance | $ | (825,391) |  |  | $ | (356,282) |  |  |  | $ | (1,181,673) |
Amounts reclassified from AOCI |  |  |  |  |  |
Pre-tax | $ | (72,357) |  | (1) | $ | — |  |  |  | $ | (72,357) |
Tax effect | 15,195 |  | (2) | — |  |  |  | 15,195 |
After-tax amounts reclassified | $ | (57,162) |  |  | $ | — |  |  |  | $ | (57,162) |
Other comprehensive (loss) income |  |  |  |  |  |
Pre-tax | $ | (144,043) |  |  | $ | 10,528 |  |  |  | $ | (133,515) |
Tax effect | 30,759 |  |  | — |  |  |  | 30,759 |
Other comprehensive (loss) income | $ | (113,284) |  |  | $ | 10,528 |  |  |  | $ | (102,756) |
(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) |  |
____________ (1) Net investment gains (losses) in the consolidated statements of income. (2) Income tax expense in the consolidated statements of income.

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