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Other Comprehensive Income (Loss) | 6 Months Ended
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Jun. 30, 2020
Other Comprehensive Income (Loss) [Abstract] |
Other Comprehensive Income (Loss) | 10. OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the components of comprehensive income (loss) in the consolidated statements of operations for the periods indicated:
| Three Months Ended June 30, 2020 |  | Six Months Ended June 30, 2020
(Dollars in thousands) | Before Tax |  | Tax Effect |  | Net of Tax |  | Before Tax |  | Tax Effect |  | Net of Tax
Unrealized appreciation (depreciation) ("URA(D)") on securities - temporary | $ | 620,926 |  | $ | (69,173) |  | $ | 551,753 |  | $ | 305,725 |  | $ | (33,371) |  | $ | 272,354
Reclassification of net realized losses (gains) included in net income (loss) |  | (6,849) |  |  | (408) |  |  | (7,257) |  |  | 31,328 |  |  | (7,186) |  |  | 24,142
Foreign currency translation adjustments |  | 22,825 |  |  | (2,239) |  |  | 20,586 |  |  | (35,898) |  |  | 5,660 |  |  | (30,238)
Reclassification of benefit plan liability amortization included in net income (loss) |  | 2,286 |  |  | (480) |  |  | 1,806 |  |  | 3,451 |  |  | (725) |  |  | 2,726
Total other comprehensive income (loss) | $ | 639,188 |  | $ | (72,300) |  | $ | 566,888 |  | $ | 304,606 |  | $ | (35,622) |  | $ | 268,984
| Three Months Ended June 30, 2019 |  | Six Months Ended June 30, 2019
(Dollars in thousands) | Before Tax |  | Tax Effect |  | Net of Tax |  | Before Tax |  | Tax Effect |  | Net of Tax
Unrealized appreciation (depreciation) ("URA(D)") on securities - temporary | $ | 228,053 |  | $ | (28,872) |  | $ | 199,181 |  | $ | 484,683 |  | $ | (52,263) |  | $ | 432,420
URA(D) on securities - OTTI |  | (1,499) |  |  | 77 |  |  | (1,422) |  |  | (1,743) |  |  | 147 |  |  | (1,596)
Reclassification of net realized losses (gains) included in net income (loss) |  | (787) |  |  | (1,082) |  |  | (1,869) |  |  | (3,523) |  |  | (168) |  |  | (3,691)
Foreign currency translation adjustments |  | (27,823) |  |  | 1,991 |  |  | (25,832) |  |  | (11,225) |  |  | (555) |  |  | (11,780)
Reclassification of benefit plan liability amortization included in net income (loss) |  | 1,457 |  |  | (306) |  |  | 1,151 |  |  | 2,914 |  |  | (612) |  |  | 2,302
Total other comprehensive income (loss) | $ | 199,401 |  | $ | (28,192) |  | $ | 171,209 |  | $ | 471,106 |  | $ | (53,451) |  | $ | 417,655
The following table presents details of the amounts reclassified from AOCI for the periods indicated:
|  | Three Months Ended |  | Six Months Ended |  |
|  | June 30, |  | June 30, |  | Affected line item within the statements of
AOCI component |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | operations and comprehensive income (loss)
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |
URA(D) on securities |  | $ | (6,849) |  | $ | (787) |  | $ | 31,328 |  | $ | (3,523) |  | Other net realized capital gains (losses)
|  |  | (408) |  |  | (1,082) |  |  | (7,186) |  |  | (168) |  | Income tax expense (benefit)
|  | $ | (7,257) |  | $ | (1,869) |  | $ | 24,142 |  | $ | (3,691) |  | Net income (loss)
Benefit plan net gain (loss) |  | $ | 2,286 |  | $ | 1,457 |  | $ | 3,451 |  | $ | 2,914 |  | Other underwriting expenses
|  |  | (480) |  |  | (306) |  |  | (725) |  |  | (612) |  | Income tax expense (benefit)
|  | $ | 1,806 |  | $ | 1,151 |  | $ | 2,726 |  | $ | 2,302 |  | Net income (loss)
The following table presents the components of accumulated other comprehensive income (loss), net of tax, in the consolidated balance sheets for the periods indicated:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
(Dollars in thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Beginning balance of URA (D) on securities | $ | 56,426 |  | $ | 51,851 |  | $ | 304,425 |  | $ | (179,392)
Current period change in URA (D) of investments - temporary |  | 544,496 |  |  | 197,312 |  |  | 296,496 |  |  | 428,729
Current period change in URA (D) of investments - non-credit OTTI |  | - |  |  | (1,422) |  |  | - |  |  | (1,596)
Ending balance of URA (D) on securities |  | 600,922 |  |  | 247,741 |  |  | 600,922 |  |  | 247,741
Beginning balance of foreign currency translation adjustments |  | (252,541) |  |  | (201,695) |  |  | (201,717) |  |  | (215,747)
Current period change in foreign currency translation adjustments |  | 20,586 |  |  | (25,832) |  |  | (30,238) |  |  | (11,780)
Ending balance of foreign currency translation adjustments |  | (231,955) |  |  | (227,527) |  |  | (231,955) |  |  | (227,527)
Beginning balance of benefit plan net gain (loss) |  | (73,636) |  |  | (66,267) |  |  | (74,556) |  |  | (67,418)
Current period change in benefit plan net gain (loss) |  | 1,806 |  |  | 1,151 |  |  | 2,726 |  |  | 2,302
Ending balance of benefit plan net gain (loss) |  | (71,830) |  |  | (65,116) |  |  | (71,830) |  |  | (65,116)
Ending balance of accumulated other comprehensive income (loss) | $ | 297,137 |  | $ | (44,902) |  | $ | 297,137 |  | $ | (44,902)
(Some amounts may not reconcile due to rounding.) |  |  |  |  |  |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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- References No definition available. + Details
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