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Consolidated Statements of Comprehensive (Loss) Income (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2023 |  |  |  |  |
Changes in AOCI |  |  |  |  |
Beginning of period | $ | (892,905) |  |  | $ | (371,676) |  |  |  | $ | (1,264,581) |
Other comprehensive loss before reclassifications | (103,087) |  |  | (7,387) |  |  |  | (110,474) |
Amounts reclassified from AOCI | 52,237 |  |  | — |  |  |  | 52,237 |
Other comprehensive loss | (50,850) |  |  | (7,387) |  |  |  | (58,237) |
Unrealized investment loss related to noncontrolling interest | (1) |  |  | — |  |  |  | (1) |
End of period | $ | (943,756) |  |  | $ | (379,063) |  |  |  | $ | (1,322,819) |
Amounts reclassified from AOCI |  |  |  |  |  |
Pre-tax | $ | 66,123 |  | (1) | $ | — |  |  |  | $ | 66,123 |
Tax effect | (13,886) |  | (2) | — |  |  |  | (13,886) |
After-tax amounts reclassified | $ | 52,237 |  |  | $ | — |  |  |  | $ | 52,237 |
Other comprehensive loss |  |  |  |  |  |
Pre-tax | $ | (62,476) |  |  | $ | (7,387) |  |  |  | $ | (69,863) |
Tax effect | 11,626 |  |  | — |  |  |  | 11,626 |
Other comprehensive loss | $ | (50,850) |  |  | $ | (7,387) |  |  |  | $ | (58,237) |
As of and for the three months ended September 30, 2023 |  |  |  |  |
Changes in AOCI |  |  |  |  |
Beginning of period | $ | (825,391) |  |  | $ | (356,282) |  |  |  | $ | (1,181,673) |
Other comprehensive loss before reclassifications | (133,018) |  |  | (22,781) |  |  |  | (155,799) |
Amounts reclassified from AOCI | 14,653 |  |  | — |  |  |  | 14,653 |
Other comprehensive loss | (118,365) |  |  | (22,781) |  |  |  | (141,146) |
Unrealized investment loss related to noncontrolling interest | — |  |  | — |  |  |  | — |
Ending balance | $ | (943,756) |  |  | $ | (379,063) |  |  |  | $ | (1,322,819) |
Amounts reclassified from AOCI |  |  |  |  |  |
Pre-tax | $ | 18,548 |  | (1) | $ | — |  |  |  | $ | 18,548 |
Tax effect | (3,895) |  | (2) | — |  |  |  | (3,895) |
After-tax amounts reclassified | $ | 14,653 |  |  | $ | — |  |  |  | $ | 14,653 |
Other comprehensive loss |  |  |  |  |  |
Pre-tax | $ | (150,455) |  |  | $ | (22,781) |  |  |  | $ | (173,236) |
Tax effect | 32,090 |  |  | — |  |  |  | 32,090 |
Other comprehensive loss | $ | (118,365) |  |  | $ | (22,781) |  |  |  | $ | (141,146) |
(In thousands) | Unrealized Investment (Losses) Gains |  | Currency Translation Adjustments |  |  | Accumulated Other Comprehensive (Loss) Income |
As of and for the nine months ended September 30, 2022 |  |  |  |  |  |
Changes in AOCI |  |  |  |  |  |
Beginning of period | $ | 90,900 |  |  | $ | (372,855) |  |  |  | $ | (281,955) |  |
Other comprehensive loss before reclassifications | (1,134,657) |  |  | (27,637) |  |  |  | (1,162,294) |  |
Amounts reclassified from AOCI | 58,440 |  |  | — |  |  |  | 58,440 |  |
Other comprehensive loss | (1,076,217) |  |  | (27,637) |  |  |  | (1,103,854) |  |
Unrealized investment loss related to noncontrolling interest | (1) |  |  | — |  |  |  | (1) |  |
End of period | $ | (985,318) |  |  | $ | (400,492) |  |  |  | $ | (1,385,810) |  |
Amounts reclassified from AOCI |  |  |  |  |  |  |
Pre-tax | $ | 73,975 |  | (1) | $ | — |  |  |  | $ | 73,975 |  |
Tax effect | (15,535) |  | (2) | — |  |  |  | (15,535) |  |
After-tax amounts reclassified | $ | 58,440 |  |  | $ | — |  |  |  | $ | 58,440 |  |
Other comprehensive loss |  |  |  |  |  |  |
Pre-tax | $ | (1,365,064) |  |  | $ | (27,637) |  |  |  | $ | (1,392,701) |  |
Tax effect | 288,847 |  |  | — |  |  |  | 288,847 |  |
Other comprehensive loss | $ | (1,076,217) |  |  | $ | (27,637) |  |  |  | $ | (1,103,854) |  |
As of and for the three months ended September 30, 2022 |  |  |  |  |  |
Changes in AOCI |  |  |  |  |  |
Beginning of period | $ | (669,654) |  |  | $ | (359,976) |  |  |  | $ | (1,029,630) |  |
Other comprehensive loss before reclassifications | (335,034) |  |  | (40,516) |  |  |  | (375,550) |  |
Amounts reclassified from AOCI | 19,370 |  |  | — |  |  |  | 19,370 |  |
Other comprehensive loss | (315,664) |  |  | (40,516) |  |  |  | (356,180) |  |
Unrealized investment loss related to noncontrolling interest | — |  |  |  |  |  | — |  |
Ending balance | $ | (985,318) |  |  | $ | (400,492) |  |  |  | $ | (1,385,810) |  |
Amounts reclassified from AOCI |  |  |  |  |  |  |
Pre-tax | $ | 24,519 |  | (1) | $ | — |  |  |  | $ | 24,519 |  |
Tax effect | (5,149) |  | (2) | — |  |  |  | (5,149) |  |
After-tax amounts reclassified | $ | 19,370 |  |  | $ | — |  |  |  | $ | 19,370 |  |
Other comprehensive loss |  |  |  |  |  |  |
Pre-tax | $ | (394,832) |  |  | $ | (40,516) |  |  |  | $ | (435,348) |  |
Tax effect | 79,168 |  |  | — |  |  |  | 79,168 |  |
Other comprehensive loss | $ | (315,664) |  |  | $ | (40,516) |  |  |  | $ | (356,180) |  |
____________ (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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