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OTHER COMPREHENSIVE INCOME (LOSS)
 9 Months Ended
Sep. 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 September 30,
 
 
 
 
 
 
 
 
 
 
 
 
 
Available for sale investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized investment gains (losses) arising during the period
$
40,125

 
$
(3,789
)
 
$
36,336

 
$
(102,810
)
 
$
3,099

 
$
(99,711
)
 
 
Adjustment for reclassification of net realized investment gains (losses) and OTTI losses recognized in net income
(5,050
)
 
2,408

 
(2,642
)
 
76,368

 
(1,558
)
 
74,810

 
 
Unrealized investment gains (losses) arising during the period, net of reclassification adjustment
35,075

 
(1,381
)
 
33,694

 
(26,442
)
 
1,541

 
(24,901
)
 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
—

 
—

 
—

 
 
Foreign currency translation adjustment
1,722

 
—

 
1,722

 
(14,626
)
 
—

 
(14,626
)
 
 
Total other comprehensive income (loss), net of tax
$
36,797

 
$
(1,381
)
 
$
35,416

 
$
(41,068
)
 
$
1,541

 
$
(39,527
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30,
 
 
 
 
 
 
 
 
 
 
 
 
 
Available for sale investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized investment gains (losses) arising during the period
$
263,235

 
$
(24,579
)
 
$
238,656

 
$
(183,822
)
 
$
6,884

 
$
(176,938
)
 
 
Adjustment for reclassification of net realized investment gains and OTTI losses recognized in net income
40,338

 
2,282

 
42,620

 
130,858

 
(2,088
)
 
128,770

 
 
Unrealized investment gains (losses) arising during the period, net of reclassification adjustment
303,573

 
(22,297
)
 
281,276

 
(52,964
)
 
4,796

 
(48,168
)
 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
—

 
—

 
—

 
 
Foreign currency translation adjustment
5,694

 
—

 
5,694

 
(23,851
)
 
—

 
(23,851
)
 
 
Total other comprehensive income (loss), net of tax
$
309,267

 
$
(22,297
)
 
$
286,970

 
$
(76,815
)
 
$
4,796

 
$
(72,019
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


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,
 
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized investment gains (losses) on available for sale investments
 
 
 
 
 
 
 
 
 
 
 
Other realized investment gains (losses)
$
9,297

 
$
(44,067
)
 
$
(19,992
)
 
$
(68,096
)
 
 
 
OTTI losses
(4,247
)
 
(32,301
)
 
(20,346
)
 
(62,762
)
 
 
 
Total before tax
5,050

 
(76,368
)
 
(40,338
)
 
(130,858
)
 
 
 
Income tax (expense) benefit
(2,408
)
 
1,558

 
(2,282
)
 
2,088

 
 
 
Net of tax
$
2,642

 
$
(74,810
)
 
$
(42,620
)
 
$
(128,770
)
 
 
 
 
 
 
 
 
 
 
 
 
(1)
Amounts in parentheses are debits to net income available to common shareholders.