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OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

TAX EFFECTS ALLOCATED TO EACH COMPONENT OF OTHER COMPREHENSIVE INCOME

The following table presents the tax effects allocated to each component of other comprehensive income (loss):

						2022																		2021
						Before tax amount						Income tax (expense) benefit						Net of tax amount						Before tax amount						Income tax (expense) benefit						Net of Tax Amount
			Three months ended September 30,
			Available for sale investments:
			Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has not been recognized			$	(393,848)					$	(32)					$	(393,880)					$	(65,321)					$	7,143					$	(58,178)
			Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has been recognized			(10,990)						306						(10,684)						370						—						370
			Adjustment for reclassification of net realized (gains) losses and impairment losses recognized in net income (loss)			108,351						(9,572)						98,779						(16,438)						1,858						(14,580)
			Unrealized gains (losses) arising during the period, net of reclassification adjustment			(296,487)						(9,298)						(305,785)						(81,389)						9,001						(72,388)
			Foreign currency translation adjustment			(12,751)						—						(12,751)						(3,807)						—						(3,807)
			Total comprehensive income (loss), net of tax			$	(309,238)					$	(9,298)					$	(318,536)					$	(85,196)					$	9,001					$	(76,195)
			Nine months ended September 30,
			Available for sale investments:
			Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has not been recognized			$	(1,340,927)					$	81,445					$	(1,259,482)					$	(204,587)					$	25,440					$	(179,147)
			Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has been recognized			(56,577)						3,269						(53,308)						131						—						131
			Adjustment for reclassification of net realized (gains) losses and impairment losses recognized in net income (loss)			255,081						(25,308)						229,773						(94,018)						7,837						(86,181)
			Unrealized gains (losses) arising during the period, net of reclassification adjustment			(1,142,423)						59,406						(1,083,017)						(298,474)						33,277						(265,197)
			Foreign currency translation adjustment			(16,169)						—						(16,169)						924						—						924
			Total other comprehensive income (loss), net of tax			$	(1,158,592)					$	59,406					$	(1,099,186)					$	(297,550)					$	33,277					$	(264,273)

DETAILS OF AMOUNTS RECLASSIFIED FROM AOCI TO NET INCOME (LOSS)

The following table presents details of amounts reclassified from accumulated other comprehensive income ("AOCI") to net income (loss):

									Amount reclassified from AOCI(1)
			AOCI Components			Consolidated statement of operations line item that includes reclassification adjustment			Three months ended September 30,															Nine months ended September 30,
									2022						2021									2022						2021
			Unrealized gains (losses) on available for sale investments
						Other realized gains (losses)			$	(101,860)					$	16,460								$	(248,007)					$	94,040
						Impairment losses			(6,491)						(22)									(7,074)						(22)
						Total before tax			(108,351)						16,438									(255,081)						94,018
						Income tax (expense) benefit			9,572						(1,858)									25,308						(7,837)
						Net of tax			$	(98,779)					$	14,580								$	(229,773)					$	86,181

(1)     Amounts in parentheses are charges to net income (loss).

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- Definition

Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).

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- Definition

Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=126968391&loc=d3e526-108580

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