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OTHER COMPREHENSIVE INCOME (LOSS)
 6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
OTHER COMPREHENSIVE INCOME (LOSS)
The tax effects allocated to each component of other comprehensive income (loss) 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 June 30,
 
 
 
 
 
 
 
 
 
 
 
 
 
Available for sale investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) arising during the period
$
(86,076
)
 
$
14,035

 
$
(72,041
)
 
$
133,575

 
$
(13,025
)
 
$
120,550

 
 
Adjustment for reclassification of net realized investment gains (losses) and OTTI losses recognized in net income
9,392

 
(535
)
 
8,857

 
(40,259
)
 
6,330

 
(33,929
)
 
 
Unrealized gains (losses) arising during the period, net of reclassification adjustment
(76,684
)
 
13,500

 
(63,184
)
 
93,316

 
(6,695
)
 
86,621

 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
—

 
—

 
—

 
 
Foreign currency translation adjustment
2,188

 
—

 
2,188

 
3,790

 
—

 
3,790

 
 
Total other comprehensive income (loss), net of tax
$
(74,496
)
 
$
13,500

 
$
(60,996
)
 
$
97,106

 
$
(6,695
)
 
$
90,411

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30,
 
 
 
 
 
 
 
 
 
 
 
 
 
Available for sale investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) arising during the period
$
(81,013
)
 
$
3,785

 
$
(77,228
)
 
$
214,135

 
$
(22,202
)
 
$
191,933

 
 
Adjustment for reclassification of net realized investment gains (losses) and OTTI losses recognized in net income
54,489

 
(529
)
 
53,960

 
(56,328
)
 
12,785

 
(43,543
)
 
 
Unrealized gains (losses) arising during the period, net of reclassification adjustment
(26,524
)
 
3,256

 
(23,268
)
 
157,807

 
(9,417
)
 
148,390

 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
—

 
—

 
—

 
 
Foreign currency translation adjustment
(9,225
)
 
—

 
(9,225
)
 
6,449

 
—

 
6,449

 
 
Total other comprehensive income (loss), net of tax
$
(35,749
)
 
$
3,256

 
$
(32,493
)
 
$
164,256

 
$
(9,417
)
 
$
154,839

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


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,
 
 
2015
 
2014
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on available for sale investments
 
 
 
 
 
 
 
 
 
 
 
Other realized investment gains (losses)
$
3,501

 
$
42,164

 
$
(24,028
)
 
$
59,018

 
 
 
OTTI losses
(12,893
)
 
(1,905
)
 
(30,461
)
 
(2,690
)
 
 
 
Total before tax
(9,392
)
 
40,259

 
(54,489
)
 
56,328

 
 
 
Income tax (expense) benefit
535

 
(6,330
)
 
529

 
(12,785
)
 
 
 
Net of tax
$
(8,857
)
 
$
33,929

 
$
(53,960
)
 
$
43,543

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