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OTHER COMPREHENSIVE INCOME (LOSS)
 6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
OTHER COMPREHENSIVE INCOME (LOSS)
The tax effects allocated to each component of other comprehensive income were as follows:
 
 
2016
 
2015
 
 
 
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 investment gains (losses) arising during the period
$
74,278

 
$
(10,593
)
 
$
63,685

 
$
(86,076
)
 
$
14,035

 
$
(72,041
)
 
 
Adjustment for reclassification of net realized investment gains (losses) and OTTI losses recognized in net income
(18,604
)
 
4,585

 
(14,019
)
 
9,392

 
(535
)
 
8,857

 
 
Unrealized investment gains (losses) arising during the period, net of reclassification adjustment
55,674

 
(6,008
)
 
49,666

 
(76,684
)
 
13,500

 
(63,184
)
 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
—

 
—

 
—

 
 
Foreign currency translation adjustment
(4,224
)
 
—

 
(4,224
)
 
2,188

 
—

 
2,188

 
 
Total other comprehensive income (loss), net of tax
$
51,450

 
$
(6,008
)
 
$
45,442

 
$
(74,496
)
 
$
13,500

 
$
(60,996
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30,
 
 
 
 
 
 
 
 
 
 
 
 
 
Available for sale investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) arising during the period
$
223,109

 
$
(20,790
)
 
$
202,319

 
$
(81,013
)
 
$
3,785

 
$
(77,228
)
 
 
Adjustment for reclassification of net realized investment gains (losses) and OTTI losses recognized in net income
45,388

 
(125
)
 
45,263

 
54,489

 
(529
)
 
53,960

 
 
Unrealized gains (losses) arising during the period, net of reclassification adjustment
268,497

 
(20,915
)
 
247,582

 
(26,524
)
 
3,256

 
(23,268
)
 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
—

 
—

 
—

 
 
Foreign currency translation adjustment
3,972

 
—

 
3,972

 
(9,225
)
 
—

 
(9,225
)
 
 
Total other comprehensive income (loss), net of tax
$
272,469

 
$
(20,915
)
 
$
251,554

 
$
(35,749
)
 
$
3,256

 
$
(32,493
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


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,
 
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on available for sale investments
 
 
 
 
 
 
 
 
 
 
 
Other realized investment gains (losses)
$
24,973

 
$
3,501

 
$
(29,289
)
 
$
(24,028
)
 
 
 
OTTI losses
(6,369
)
 
(12,893
)
 
(16,099
)
 
(30,461
)
 
 
 
Total before tax
18,604

 
(9,392
)
 
(45,388
)
 
(54,489
)
 
 
 
Income tax (expense) benefit
(4,585
)
 
535

 
125

 
529

 
 
 
Net of tax
$
14,019

 
$
(8,857
)
 
$
(45,263
)
 
$
(53,960
)
 
 
 
 
 
 
 
 
 
 
 
 
(1)
Amounts in parentheses are debits to net income available to common shareholders.