Other Comprehensive Income (Loss) (Tables)
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6 Months Ended |
Jun. 30, 2015 |
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| Other Comprehensive Income (Loss), Tax [Abstract] |
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| Change In Accumulated Other Comprehensive Income By Component, Net Of Taxes And Noncontrolling Interest |
The following table presents the change in accumulated other comprehensive income by component, net of taxes and noncontrolling interests, for the six months ended June 30, 2015 and 2014.
| | | | | | | | | | | | | | | | | (dollars in thousands) | Unrealized Holding Gains on Available-for-Sale Securities | | Foreign Currency | | Net Actuarial Pension Loss | | Total | December 31, 2013 | $ | 1,131,507 |
| | $ | (11,246 | ) | | $ | (30,456 | ) | | $ | 1,089,805 |
| Other comprehensive income before reclassifications | 355,623 |
| | 7,572 |
| | — |
| | 363,195 |
| Amounts reclassified from accumulated other comprehensive income | (10,762 | ) | | — |
| | 644 |
| | (10,118 | ) | Total other comprehensive income | 344,861 |
| | 7,572 |
| | 644 |
| | 353,077 |
| June 30, 2014 | $ | 1,476,368 |
| | $ | (3,674 | ) | | $ | (29,812 | ) | | $ | 1,442,882 |
| | | | | | | | | December 31, 2014 | $ | 1,793,254 |
| | $ | (43,491 | ) | | $ | (45,206 | ) | | $ | 1,704,557 |
| Other comprehensive loss before reclassifications | (109,001 | ) | | (11,373 | ) | | — |
| | (120,374 | ) | Amounts reclassified from accumulated other comprehensive income | (14,037 | ) | | — |
| | 932 |
| | (13,105 | ) | Total other comprehensive income (loss) | (123,038 | ) | | (11,373 | ) | | 932 |
| | (133,479 | ) | June 30, 2015 | $ | 1,670,216 |
| | $ | (54,864 | ) | | $ | (44,274 | ) | | $ | 1,571,078 |
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| Summary Of Tax Expense (Benefit) Of Other Comprehensive Income (Loss) |
The following table summarizes the tax expense (benefit) associated with each component of other comprehensive income (loss).
| | | | | | | | | | | | | | | | | | Quarter Ended June 30, | | Six Months Ended June 30, | (dollars in thousands) | 2015 | | 2014 | | 2015 | | 2014 | Change in net unrealized gains on investments: | | | | | | | | Net holding gains (losses) arising during the period | $ | (113,579 | ) | | $ | 97,681 |
| | $ | (57,997 | ) | | $ | 173,204 |
| Change in unrealized other-than-temporary impairment losses on fixed maturities arising during the period | (3 | ) | | 5 |
| | 38 |
| | 569 |
| Reclassification adjustments for net gains included in net income | (2,576 | ) | | (1,523 | ) | | (5,672 | ) | | (3,677 | ) | Change in net unrealized gains on investments | (116,158 | ) | | 96,163 |
| | (63,631 | ) | | 170,096 |
| Change in foreign currency translation adjustments | 1,872 |
| | 1,124 |
| | 833 |
| | 1,466 |
| Change in net actuarial pension loss | 117 |
| | 81 |
| | 233 |
| | 161 |
| Total | $ | (114,169 | ) | | $ | 97,368 |
| | $ | (62,565 | ) | | $ | 171,723 |
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| Reclassifications From Accumulated Other Comprehensive Income Into Income, By Component |
The following table presents the details of amounts reclassified from accumulated other comprehensive income into income, by component.
| | | | | | | | | | | | | | | | | | Quarter Ended June 30, | | Six Months Ended June 30, | (dollars in thousands) | 2015 | | 2014 | | 2015 | | 2014 | Unrealized holding gains on available-for-sale securities: | | | | | | | | Other-than-temporary impairment losses | $ | — |
| | $ | (1,007 | ) | | $ | (5,092 | ) | | $ | (1,007 | ) | Net realized investment gains, excluding other-than-temporary impairment losses | 7,560 |
| | 7,348 |
| | 24,801 |
| | 15,446 |
| Total before taxes | 7,560 |
| | 6,341 |
| | 19,709 |
| | 14,439 |
| Income taxes | (2,576 | ) | | (1,523 | ) | | (5,672 | ) | | (3,677 | ) | Reclassification of unrealized holding gains, net of taxes | $ | 4,984 |
| | $ | 4,818 |
| | $ | 14,037 |
| | $ | 10,762 |
| | | | | | | | | Net actuarial pension loss: | | | | |
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| Underwriting, acquisition and insurance expenses | $ | (586 | ) | | $ | (406 | ) | | $ | (1,165 | ) | | $ | (805 | ) | Income taxes | 117 |
| | 81 |
| | 233 |
| | 161 |
| Reclassification of net actuarial pension loss, net of taxes | $ | (469 | ) | | $ | (325 | ) | | $ | (932 | ) | | $ | (644 | ) |
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