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OTHER COMPREHENSIVE INCOME (TABLES)
 3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
TAX EFFECTS ALLOCATED TO EACH COMPONENT OF OTHER COMPREHENSIVE INCOME
The tax effects allocated to each component of other comprehensive income were as follows:
 
 
2015
 
2014
 
 
 
Before Tax Amount
 
Tax (Expense) Benefit
 
Net of Tax Amount
 
Before Tax Amount
 
Tax (Expense) Benefit
 
Net of Tax Amount
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended March 31,
 
 
 
 
 
 
 
 
 
 
 
 
 
Available for sale investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) arising during the period
$
5,063

 
$
(10,250
)
 
$
(5,187
)
 
$
80,560

 
$
(9,177
)
 
$
71,383

 
 
Adjustment for reclassification of net realized investment gains (losses) and OTTI losses recognized in net income
45,098

 
6

 
45,104

 
(16,069
)
 
6,456

 
(9,613
)
 
 
Unrealized gains arising during the period, net of reclassification adjustment
50,161

 
(10,244
)
 
39,917

 
64,491

 
(2,721
)
 
61,770

 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
—

 
—

 
—

 
 
Foreign currency translation adjustment
(13,278
)
 
—

 
(13,278
)
 
2,659

 
—

 
2,659

 
 
Total other comprehensive income, net of tax
$
36,883

 
$
(10,244
)
 
$
26,639

 
$
67,150

 
$
(2,721
)
 
$
64,429

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
RECLASSIFICATIONS OUT OF AOCI INTO NET INCOME AVAILABLE TO COMMON SHAREHOLDERS
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 March 31,
 
 
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on available for sale investments
 
 
 
 
 
 
 
 
Other realized investment gains (losses)
$
(27,530
)
 
$
16,855

 
 
 
 
OTTI losses
(17,568
)
 
(786
)
 
 
 
 
Total before tax
(45,098
)
 
16,069

 
 
 
 
Income tax expense
(6
)
 
(6,456
)
 
 
 
 
Net of tax
$
(45,104
)
 
$
9,613

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