v2.4.0.8
OTHER COMPREHENSIVE INCOME (LOSS)
 6 Months Ended
Jun. 30, 2013
Equity [Abstract]  
OTHER COMPREHENSIVE INCOME (LOSS) [Text Block]
The tax effects allocated to each component of other comprehensive income (loss) were as follows:
 
 
2013
 
2012
 
 
 
Before Tax Amount
 
Tax (Expense) Benefit
 
Net of Tax Amount
 
Before Tax Amount
 
Tax (Expense) Benefit
 
Net of Tax Amount
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended June 30,
 
 
 
 
 
 
 
 
 
 
 
 
 
Available for sale investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized losses arising during the period
$
(289,028
)
 
$
26,127

 
$
(262,901
)
 
$
(14,949
)
 
$
(2,825
)
 
$
(17,774
)
 
 
Adjustment for reclassification of net realized investment gains and OTTI losses recognized in net income
(5,697
)
 
1,631

 
(4,066
)
 
(18,145
)
 
1,551

 
(16,594
)
 
 
Unrealized losses arising during the period, net of reclassification adjustment
(294,725
)
 
27,758

 
(266,967
)
 
(33,094
)
 
(1,274
)
 
(34,368
)
 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
—

 
—

 
—

 
 
Foreign currency translation adjustment
(18,386
)
 
—

 
(18,386
)
 
(2,867
)
 
—

 
(2,867
)
 
 
Total other comprehensive loss, net of tax
$
(313,111
)
 
$
27,758

 
$
(285,353
)
 
$
(35,961
)
 
$
(1,274
)
 
$
(37,235
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30,
 
 
 
 
 
 
 
 
 
 
 
 
 
Available for sale investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) arising during the period
$
(307,629
)
 
$
26,203

 
$
(281,426
)
 
$
160,793

 
$
(14,154
)
 
$
146,639

 
 
Adjustment for reclassification of net realized investment gains and OTTI losses recognized in net income
(42,951
)
 
5,037

 
(37,914
)
 
(36,562
)
 
4,774

 
(31,788
)
 
 
Unrealized gains (losses) arising during the period, net of reclassification adjustment
(350,580
)
 
31,240

 
(319,340
)
 
124,231

 
(9,380
)
 
114,851

 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
—

 
—

 
—

 
 
Foreign currency translation adjustment
(18,527
)
 
—

 
(18,527
)
 
(2,074
)
 
—

 
(2,074
)
 
 
Total other comprehensive income (loss), net of tax
$
(369,107
)
 
$
31,240

 
$
(337,867
)
 
$
122,157

 
$
(9,380
)
 
$
112,777

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Reclassifications out of AOCI into net income available to common shareholders were as follows:
 
 
 
Amount Reclassified from AOCI(1)
 
 
Details About AOCI Components
Consolidated Statement of Operations Line Item That Includes Reclassification
Three months ended June 30,
 
Six months ended June 30,
 
 
2013
 
2012
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized appreciation on available for sale investments
 
 
 
 
 
 
 
 
 
 
 
Other realized investment gains
$
10,824

 
$
31,884

 
$
48,976

 
$
54,210

 
 
 
OTTI losses
(5,127
)
 
(13,739
)
 
(6,025
)
 
(17,648
)
 
 
 
Total before tax
5,697

 
18,145

 
42,951

 
36,562

 
 
 
Tax expense
(1,631
)
 
(1,551
)
 
(5,037
)
 
(4,774
)
 
 
 
Net of tax
$
4,066

 
$
16,594

 
$
37,914

 
$
31,788

 
 
 
 
 
 
 
 
 
 
 
 
(1)
Amounts in parentheses are debits to net income available to common shareholders