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Consolidated Statements of Comprehensive (Loss) Income (Tables) | 6 Months Ended
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Jun. 30, 2024
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, 2024 |  |  |  |  |  |
Changes in AOCI |  |  |  |  |  |
Beginning of period | $ | (586,354) |  |  | $ | (339,484) |  |  |  | $ | (925,838) |  |
Other comprehensive loss before reclassifications | (156,023) |  |  | (24,343) |  |  |  | (180,366) |  |
Amounts reclassified from AOCI | 72,563 |  |  | — |  |  |  | 72,563 |  |
Other comprehensive loss | (83,460) |  |  | (24,343) |  |  |  | (107,803) |  |
Unrealized investment gain related to noncontrolling interest | 1 |  |  | — |  |  |  | 1 |  |
End of period | $ | (669,813) |  |  | $ | (363,827) |  |  |  | $ | (1,033,640) |  |
Amounts reclassified from AOCI |  |  |  |  |  |  |
Pre-tax | $ | 91,852 |  | (1) | $ | — |  |  |  | $ | 91,852 |  |
Tax effect | (19,289) |  | (2) | — |  |  |  | (19,289) |  |
After-tax amounts reclassified | $ | 72,563 |  |  | $ | — |  |  |  | $ | 72,563 |  |
Other comprehensive loss |  |  |  |  |  |  |
Pre-tax | $ | (109,937) |  |  | $ | (24,343) |  |  |  | $ | (134,280) |  |
Tax effect | 26,477 |  |  | — |  |  |  | 26,477 |  |
Other comprehensive loss | $ | (83,460) |  |  | $ | (24,343) |  |  |  | $ | (107,803) |  |
As of and for the three months ended June 30, 2024 |  |  |  |  |  |
Changes in AOCI |  |  |  |  |  |
Beginning of period | $ | (656,476) |  |  | $ | (367,054) |  |  |  | $ | (1,023,530) |  |
Other comprehensive (loss) income before reclassifications | (54,711) |  |  | 3,227 |  |  |  | (51,484) |  |
Amounts reclassified from AOCI | 41,373 |  |  | — |  |  |  | 41,373 |  |
Other comprehensive (loss) income | (13,338) |  |  | 3,227 |  |  |  | (10,111) |  |
Unrealized investment gain to noncontrolling interest | 1 |  |  | — |  |  |  | 1 |  |
Ending balance | $ | (669,813) |  |  | $ | (363,827) |  |  |  | $ | (1,033,640) |  |
Amounts reclassified from AOCI |  |  |  |  |  |  |
Pre-tax | $ | 52,371 |  | (1) | $ | — |  |  |  | $ | 52,371 |  |
Tax effect | (10,998) |  | (2) | — |  |  |  | (10,998) |  |
After-tax amounts reclassified | $ | 41,373 |  |  | $ | — |  |  |  | $ | 41,373 |  |
Other comprehensive (loss) income |  |  |  |  |  |  |
Pre-tax | $ | (20,640) |  |  | $ | 3,227 |  |  |  | $ | (17,413) |  |
Tax effect | 7,302 |  |  | — |  |  |  | 7,302 |  |
Other comprehensive (loss) income | $ | (13,338) |  |  | $ | 3,227 |  |  |  | $ | (10,111) |  |
(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) |
____________ (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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