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Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Jun. 30, 2022
Other Comprehensive Income (Loss) [Abstract]  
Components Of Comprehensive Income (Loss) In The Consolidated Statements Of Operations
Three Months Ended June
 
30, 2022
Six Months Ended June 30, 2022
(Dollars in thousands)
Before Tax
Tax Effect
Net of Tax
Before Tax
Tax Effect
Net of Tax
Unrealized appreciation (depreciation)
 
("URA(D)") on securities - non-
credit related
$
(848,704)
$
116,340
$
(732,364)
$
(1,781,013)
$
233,473
$
(1,547,540)
Reclassification of net realized
 
losses (gains) included in net income
(loss)
16,467
(626)
15,841
21,369
(1,350)
20,019
Foreign currency translation adjustments
(30,896)
2,627
(28,269)
(65,499)
3,128
(62,371)
Reclassification of benefit plan liability amortization
 
included in net
income (loss)
959
(201)
758
1,919
(404)
1,515
Total other comprehensive
 
income (loss)
$
(862,174)
$
118,140
$
(744,034)
$
(1,823,224)
$
234,847
$
(1,588,377)
Three Months Ended June 30, 2021
Six Months Ended June 30, 2021
(Dollars in thousands)
Before Tax
Tax Effect
Net of Tax
Before Tax
Tax Effect
Net of Tax
Unrealized appreciation (depreciation)
 
("URA(D)") on securities - non-
credit related
$
94,009
$
(9,838)
$
84,171
$
(235,157)
$
30,713
$
(204,444)
Reclassification of net realized
 
losses (gains) included in net income
(loss)
3,118
(1,528)
1,590
(424)
(1,652)
(2,076)
Foreign currency translation adjustments
38,022
(3,727)
34,295
29,034
(4,321)
24,713
Reclassification of benefit plan liability amortization
 
included in net
income (loss)
2,586
(543)
2,043
5,172
(1,086)
4,086
Total other comprehensive
 
income (loss)
$
137,735
$
(15,636)
$
122,099
$
(201,375)
$
23,654
$
(177,721)
Reclassification From Accumulated Other Comprehensive Income
Three Months Ended
Six Months Ended
June 30,
June 30,
Affected line item within the statements of
AOCI component
2022
2021
2022
2021
operations and comprehensive income (loss)
(Dollars in thousands)
URA(D) on securities
$
16,467
$
3,118
$
21,369
$
(424)
Other net realized capital gains (losses)
(626)
(1,528)
(1,350)
(1,652)
Income tax expense (benefit)
$
15,841
$
1,590
$
20,019
$
(2,076)
Net income (loss)
Benefit plan net gain (loss)
$
959
$
2,586
$
1,919
$
5,172
Other underwriting expenses
(201)
(543)
(404)
(1,086)
Income tax expense (benefit)
$
758
$
2,043
$
1,515
$
4,086
Net income (loss)
Components Of Accumulated Other Comprehensive Income (Loss), Net Of Tax, In The Consolidated Balance Sheets
Three Months Ended
Six Months Ended
June 30,
June 30,
(Dollars in thousands)
2022
2021
2022
2021
Beginning balance of URA (D) on securities
$
(571,602)
$
431,878
$
239,397
$
724,159
Current period change in URA (D) of investments - non-credit related
(716,523)
85,761
(1,527,521)
(206,520)
Ending balance of URA (D) on securities
(1,288,124)
517,639
(1,288,124)
517,639
Beginning balance of foreign currency translation adjustments
(211,583)
(124,972)
(177,481)
(115,390)
Current period change in foreign currency translation adjustments
(28,269)
34,295
(62,371)
24,713
Ending balance of foreign currency translation adjustments
 
(239,852)
(90,677)
(239,852)
(90,677)
Beginning balance of benefit plan net gain (loss)
(49,634)
(71,827)
(50,392)
(73,870)
Current period change in benefit plan net gain (loss)
758
2,043
1,515
4,086
Ending balance of benefit plan net gain (loss)
(48,877)
(69,784)
(48,877)
(69,784)
Ending balance of accumulated other comprehensive income (loss)
$
(1,576,854)
$
357,178
$
(1,576,854)
$
357,178
(Some amounts may not reconcile due to rounding.)