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OTHER COMPREHENSIVE LOSS (TABLES)
 9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
TAX EFFECTS ALLOCATED TO EACH COMPONENT OF OTHER COMPREHENSIVE LOSS
The tax effects allocated to each component of other comprehensive 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 September 30,
 
 
 
 
 
 
 
 
 
 
 
 
 
Available for sale investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized losses arising during the period
$
(102,810
)
 
$
3,099

 
$
(99,711
)
 
$
(176,278
)
 
$
9,218

 
$
(167,060
)
 
 
Adjustment for reclassification of net realized investment gains (losses) and OTTI losses recognized in net income
76,368

 
(1,558
)
 
74,810

 
(74,306
)
 
1,636

 
(72,670
)
 
 
Unrealized losses arising during the period, net of reclassification adjustment
(26,442
)
 
1,541

 
(24,901
)
 
(250,584
)
 
10,854

 
(239,730
)
 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
—

 
—

 
—

 
 
Foreign currency translation adjustment
(14,626
)
 
—

 
(14,626
)
 
(10,000
)
 
—

 
(10,000
)
 
 
Total other comprehensive loss, net of tax
$
(41,068
)
 
$
1,541

 
$
(39,527
)
 
$
(260,584
)
 
$
10,854

 
$
(249,730
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30,
 
 
 
 
 
 
 
 
 
 
 
 
 
Available for sale investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) arising during the period
$
(183,822
)
 
$
6,884

 
$
(176,938
)
 
$
37,858

 
$
(12,984
)
 
$
24,874

 
 
Adjustment for reclassification of net realized investment gains (losses) and OTTI losses recognized in net income
130,858

 
(2,088
)
 
128,770

 
(130,634
)
 
14,421

 
(116,213
)
 
 
Unrealized losses arising during the period, net of reclassification adjustment
(52,964
)
 
4,796

 
(48,168
)
 
(92,776
)
 
1,437

 
(91,339
)
 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
—

 
—

 
—

 
 
Foreign currency translation adjustment
(23,851
)
 
—

 
(23,851
)
 
(3,551
)
 
—

 
(3,551
)
 
 
Total other comprehensive loss, net of tax
$
(76,815
)
 
$
4,796

 
$
(72,019
)
 
$
(96,327
)
 
$
1,437

 
$
(94,890
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 September 30,
 
Nine months ended September 30,
 
 
2015
 
2014
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on available for sale investments
 
 
 
 
 
 
 
 
 
 
 
Other realized investment gains (losses)
$
(44,067
)
 
$
83,737

 
$
(68,096
)
 
$
142,755

 
 
 
OTTI losses
(32,301
)
 
(9,431
)
 
(62,762
)
 
(12,121
)
 
 
 
Total before tax
(76,368
)
 
74,306

 
(130,858
)
 
130,634

 
 
 
Income tax (expense) benefit
1,558

 
(1,636
)
 
2,088

 
(14,421
)
 
 
 
Net of tax
$
(74,810
)
 
$
72,670

 
$
(128,770
)
 
$
116,213

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