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OTHER COMPREHENSIVE INCOME
 3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
OTHER COMPREHENSIVE INCOME
The tax effects allocated to each component of other comprehensive income were as follows:
 
 
2016
 
2015
 
 
 
Before Tax Amount
 
Tax Expense
 
Net of Tax Amount
 
Before Tax Amount
 
Tax (Expense) Benefit
 
Net of Tax Amount
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended March 31,
 
 
 
 
 
 
 
 
 
 
 
 
 
Available for sale investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized investment gains (losses) arising during the period
$
148,831

 
$
(10,197
)
 
$
138,634

 
$
5,063

 
$
(10,250
)
 
$
(5,187
)
 
 
Adjustment for reclassification of net realized investment losses and OTTI losses recognized in net income
63,992

 
(4,711
)
 
59,281

 
45,098

 
6

 
45,104

 
 
Unrealized investment gains arising during the period, net of reclassification adjustment
212,823

 
(14,908
)
 
197,915

 
50,161

 
(10,244
)
 
39,917

 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
—

 
—

 
—

 
 
Foreign currency translation adjustment
8,196

 
—

 
8,196

 
(11,413
)
 
—

 
(11,413
)
 
 
Total other comprehensive income
$
221,019

 
$
(14,908
)
 
$
206,111

 
$
38,748

 
$
(10,244
)
 
$
28,504

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


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,
 
 
2016
 
2015
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on available for sale investments
 
 
 
 
 
 
 
Other realized investment losses
$
(54,263
)
 
$
(27,530
)
 
 
 
OTTI losses
(9,729
)
 
(17,568
)
 
 
 
Total before tax
(63,992
)
 
(45,098
)
 
 
 
Income tax (expense) benefit
4,711

 
(6
)
 
 
 
Net of tax
$
(59,281
)
 
$
(45,104
)
 
 
 
 
 
 
 
 
(1)
Amounts in parentheses are debits to net income available to common shareholders.