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Consolidated Statements of Comprehensive (Loss) Income (Tables) | 9 Months Ended
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Sep. 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 income (loss) ("AOCI"):
(In thousands) | Unrealized Investment (Losses) Gains |  | Currency Translation Adjustments |  |  | Accumulated Other Comprehensive Income (Loss) |
As of and for the nine months ended September 30, 2024 |  |  |  |  |  |
Changes in AOCI |  |  |  |  |  |
Beginning of period | $ | (586,354) |  |  | $ | (339,484) |  |  |  | $ | (925,838) |  |
Other comprehensive income before reclassifications | 218,087 |  |  | 25,160 |  |  |  | 243,247 |  |
Amounts reclassified from AOCI | 79,446 |  |  | — |  |  |  | 79,446 |  |
Other comprehensive income | 297,533 |  |  | 25,160 |  |  |  | 322,693 |  |
Unrealized investment gain related to noncontrolling interest | 1 |  |  | — |  |  |  | 1 |  |
End of period | $ | (288,820) |  |  | $ | (314,324) |  |  |  | $ | (603,144) |  |
Amounts reclassified from AOCI |  |  |  |  |  |  |
Pre-tax | $ | 100,565 |  | (1) | $ | — |  |  |  | $ | 100,565 |  |
Tax effect | (21,119) |  | (2) | — |  |  |  | (21,119) |  |
After-tax amounts reclassified | $ | 79,446 |  |  | $ | — |  |  |  | $ | 79,446 |  |
Other comprehensive income |  |  |  |  |  |  |
Pre-tax | $ | 370,831 |  |  | $ | 25,160 |  |  |  | $ | 395,991 |  |
Tax effect | (73,298) |  |  | — |  |  |  | (73,298) |  |
Other comprehensive income | $ | 297,533 |  |  | $ | 25,160 |  |  |  | $ | 322,693 |  |
As of and for the three months ended September 30, 2024 |  |  |  |  |  |
Changes in AOCI |  |  |  |  |  |
Beginning of period | $ | (669,813) |  |  | $ | (363,827) |  |  |  | $ | (1,033,640) |  |
Other comprehensive income before reclassifications | 374,110 |  |  | 49,503 |  |  |  | 423,613 |  |
Amounts reclassified from AOCI | 6,883 |  |  | — |  |  |  | 6,883 |  |
Other comprehensive income | 380,993 |  |  | 49,503 |  |  |  | 430,496 |  |
Unrealized investment gain to noncontrolling interest | — |  |  | — |  |  |  | — |  |
Ending balance | $ | (288,820) |  |  | $ | (314,324) |  |  |  | $ | (603,144) |  |
Amounts reclassified from AOCI |  |  |  |  |  |  |
Pre-tax | $ | 8,713 |  | (1) | $ | — |  |  |  | $ | 8,713 |  |
Tax effect | (1,830) |  | (2) | — |  |  |  | (1,830) |  |
After-tax amounts reclassified | $ | 6,883 |  |  | $ | — |  |  |  | $ | 6,883 |  |
Other comprehensive income |  |  |  |  |  |  |
Pre-tax | $ | 480,768 |  |  | $ | 49,503 |  |  |  | $ | 530,271 |  |
Tax effect | (99,775) |  |  | — |  |  |  | (99,775) |  |
Other comprehensive income | $ | 380,993 |  |  | $ | 49,503 |  |  |  | $ | 430,496 |  |
(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 income | $ | (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) |
____________ (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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