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Other Comprehensive Income | 9 Months Ended
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Sep. 30, 2016
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Other Comprehensive Income | Other Comprehensive Income The pretax and related income tax (expense) benefit components of our other comprehensive income (loss) for the three and nine months ended September 30, 2016 and 2015 are included in the following table.
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) |  | 2016 |  | 2015 |  | 2016 |  | 2015
Net unrealized holding (losses) gains arising during the period |  | $ | (22,206 | ) |  | $ | 27,271 |  |  | $ | 142,852 |  |  | $ | (17,126 | )
Income tax benefit (expense) |  | 7,772 |  |  | (9,531 | ) |  | (50,121 | ) |  | 5,955 |
Valuation allowance (1) |  | — |  |  | 77,555 |  |  | — |  |  | 62,383 |
Net of taxes |  | (14,434 | ) |  | 95,295 |  |  | 92,731 |  |  | 51,212 |
Net changes in benefit plan assets and obligations |  | (370 | ) |  | (546 | ) |  | (1,110 | ) |  | (1,638 | )
Income tax benefit |  | 129 |  |  | 192 |  |  | 388 |  |  | 574 |
Valuation allowance (1) |  | — |  |  | (7,001 | ) |  | — |  |  | (7,383 | )
Net of taxes |  | (241 | ) |  | (7,355 | ) |  | (722 | ) |  | (8,447 | )
Net changes in unrealized foreign currency translation adjustment |  | (16 | ) |  | (3,724 | ) |  | (1,496 | ) |  | (6,228 | )
Income tax benefit |  | 6 |  |  | 1,306 |  |  | 522 |  |  | 2,186 |
Valuation allowance (1) |  | — |  |  | (529 | ) |  | — |  |  | (529 | )
Net of taxes |  | (10 | ) |  | (2,947 | ) |  | (974 | ) |  | (4,571 | )
Total other comprehensive (loss) income |  | (22,592 | ) |  | 23,001 |  |  | 140,246 |  |  | (24,992 | )
Total income tax benefit (expense), net of valuation allowance |  | 7,907 |  |  | 61,992 |  |  | (49,211 | ) |  | 63,186 |
Total other comprehensive (loss) income, net of tax |  | $ | (14,685 | ) |  | $ | 84,993 |  |  | $ | 91,035 |  |  | $ | 38,194 |
(1) | See Note 11 – “Income Taxes” for a discussion of the valuation allowance recorded against deferred tax assets.
The pretax and related income tax (expense) benefit components of the amounts reclassified from our accumulated other comprehensive loss to our consolidated statements of operations for the three and nine months ended September 30, 2016 and 2015 are included in the following table.
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) |  | 2016 |  | 2015 |  | 2016 |  | 2015
Reclassification adjustment for net realized gains (losses) (1) |  | $ | 5,248 |  |  | $ | (1,120 | ) |  | $ | 5,958 |  |  | $ | 10,591 |
Income tax (expense) benefit |  | (1,837 | ) |  | 395 |  |  | (1,963 | ) |  | (3,697 | )
Valuation allowance (2) |  | — |  |  | (413 | ) |  | — |  |  | 3,635 |
Net of taxes |  | 3,411 |  |  | (1,138 | ) |  | 3,995 |  |  | 10,529 |
Reclassification adjustment related to benefit plan assets and obligations (3) |  | 370 |  |  | 546 |  |  | 1,110 |  |  | 1,638 |
Income tax expense |  | (129 | ) |  | (192 | ) |  | (388 | ) |  | (574 | )
Valuation allowance (2) |  | — |  |  | 192 |  |  | — |  |  | 574 |
Net of taxes |  | 241 |  |  | 546 |  |  | 722 |  |  | 1,638 |
Reclassification adjustment related to foreign currency (4) |  | — |  |  | — |  |  | 1,467 |  |  | — |
Income tax expense |  | — |  |  | — |  |  | (513 | ) |  | — |
Net of taxes |  | — |  |  | — |  |  | 954 |  |  | — |
Total reclassifications |  | 5,618 |  |  | (574 | ) |  | 8,535 |  |  | 12,229 |
Total income tax expense, net of valuation allowance |  | (1,966 | ) |  | (18 | ) |  | (2,864 | ) |  | (62 | )
Total reclassifications, net of tax |  | $ | 3,652 |  |  | $ | (592 | ) |  | $ | 5,671 |  |  | $ | 12,167 |
(1) | Increases (decreases) Net realized investment gains on the consolidated statements of operations.
(2) | See Note 11 – “Income Taxes” for a discussion of the valuation allowance recorded against deferred tax assets.
(3) | Decreases (increases) Other underwriting and operating expenses, net on the consolidated statements of operations.
(4) | Increases (decreases) Other revenue on the consolidated statements of operations.
Changes in our accumulated other comprehensive income (loss), including amounts reclassified from other comprehensive income (loss), for the nine months ended September 30, 2016 are included in the table below.
|  | Nine Months Ended September 30, 2016
(In thousands) |  | Net unrealized gains and losses on available-for-sale securities |  | Net benefit plan assets and obligations recognized in shareholders' equity |  | Net unrealized foreign currency translation |  | Total accumulated other comprehensive income (loss)
Balance at December 31, 2015, net of tax |  | $ | (17,148 | ) |  | $ | (44,652 | ) |  | $ | 920 |  |  | $ | (60,880 | )
Other comprehensive income (loss) before reclassifications |  | 96,726 |  |  | — |  |  | (20 | ) |  | 96,706 |
Less: Amounts reclassified from accumulated other comprehensive income (loss) |  | 3,995 |  |  | 722 |  |  | 954 |  |  | 5,671 |
Balance at September 30, 2016, net of tax |  | $ | 75,583 |  |  | $ | (45,374 | ) |  | $ | (54 | ) |  | $ | 30,155 |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e689-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669619-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e640-108580 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e716-108580 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e709-108580 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e637-108580 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e681-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reclassification Adjustments -URI http://asc.fasb.org/extlink&oid=6522872 + Details
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