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Other Comprehensive Income (Loss) | 12 Months Ended
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Dec. 31, 2019
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Other Comprehensive Income (Loss) |
NOTE 10 |  | Other Comprehensive Income (Loss)
The pretax components of our other comprehensive income (loss) and related income tax (expense) benefit for the years ended December 31, 2019, 2018 and 2017 are included in table 10.1 below.
Components of other comprehensive income (loss)
Table | 10.1 |  |  |  |  |  |
(In thousands) |  | 2019 |  | 2018 |  | 2017
Net unrealized investment gains (losses) arising during the year |  | $ | 220,139 |  |  | $ | (81,834 | ) |  | $ | 69,052 |
Income tax (expense) benefit |  | (46,229 | ) |  | 17,188 |  |  | (21,505 | )
Net of taxes |  | 173,910 |  |  | (64,646 | ) |  | 47,547 |
Net changes in benefit plan assets and obligations |  | 29,129 |  |  | (19,958 | ) |  | (8,983 | )
Income tax (expense) benefit |  | (6,117 | ) |  | 4,191 |  |  | 3,144 |
Net of taxes |  | 23,012 |  |  | (15,767 | ) |  | (5,839 | )
Net changes in unrealized foreign currency translation adjustment |  | — |  |  | — |  |  | 45 |
Income tax benefit (expense) |  | — |  |  | — |  |  | (14 | )
Net of taxes |  | — |  |  | — |  |  | 31 |
Total other comprehensive income (loss) |  | 249,268 |  |  | (101,792 | ) |  | 60,114 |
Total income tax (expense) benefit, net |  | (52,346 | ) |  | 21,379 |  |  | (18,375 | )
Total other comprehensive income (loss), net of tax |  | $ | 196,922 |  |  | $ | (80,413 | ) |  | $ | 41,739 |
The pretax and related income tax benefit (expense) components of the amounts reclassified from our accumulated other comprehensive income (loss) ( "AOCI", "AOCL") to our consolidated statements of operations for the years ended December 31, 2019, 2018 and 2017 are included in table 10.2 below.
Reclassifications from Accumulated Other Comprehensive Income (Loss)
Table | 10.2 |  |  |  |  |  |
(In thousands) |  | 2019 |  | 2018 |  | 2017
Reclassification adjustment for net realized (losses) gains included in net income (1) |  | $ | 3,637 |  |  | $ | (7,037 | ) |  | $ | (2,580 | )
Income tax (expense) benefit |  | (763 | ) |  | 1,477 |  |  | 903 |
Net of taxes |  | 2,874 |  |  | (5,560 | ) |  | (1,677 | )
Reclassification adjustment related to benefit plan assets and obligations (2) | (8,097 | ) |  | (2,232 | ) |  | 906 |
Income tax benefit (expense) |  | 1,701 |  |  | 469 |  |  | (317 | )
Net of taxes |  | (6,396 | ) |  | (1,763 | ) |  | 589 |
Total reclassifications |  | (4,460 | ) |  | (9,269 | ) |  | (1,674 | )
Total income tax benefit, net |  | 938 |  |  | 1,946 |  |  | 586 |
Total reclassifications, net of tax |  | $ | (3,522 | ) |  | $ | (7,323 | ) |  | $ | (1,088 | )
(1) | (Decreases) increases Net realized investment gains on the consolidated statements of operations.
(2) | Decreases (increases) Other underwriting and operating expenses, net on the consolidated statements of operations.
A roll-forward of AOCI (AOCL) for the years ended December 31, 2019, 2018, and 2017, including amounts reclassified from AOCI (AOCL), is included in table 10.3 below.
Roll-forward of Accumulated Other Comprehensive Income (Loss)
Table | 10.3 |  |  |  |  |  |  |  |
(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 AOCL
Balance, December 31, 2016, net of tax |  | $ | (20,797 | ) |  | $ | (54,272 | ) |  | $ | (31 | ) |  | $ | (75,100 | )
Other comprehensive income (loss) before reclassifications |  | 45,870 |  |  | (5,250 | ) |  | 31 |  |  | 40,651 |
Less: Amounts reclassified from AOCL |  | (1,677 | ) |  | 589 |  |  | — |  |  | (1,088 | )
Less: Amounts reclassified for lower enacted corporate tax rate |  | (2,525 | ) |  | 12,947 |  |  | — |  |  | 10,422 |
Balance, December 31, 2017, net of tax |  | 29,275 |  |  | (73,058 | ) |  | — |  |  | (43,783 | )
Cumulative effect of adopting the accounting standard update for financial instruments |  | (18 | ) |  | — |  |  | — |  |  | (18 | )
Other comprehensive income (loss) before reclassifications |  | (70,206 | ) |  | (17,530 | ) |  | — |  |  | (87,736 | )
Less: Amounts reclassified from AOCL |  | (5,560 | ) |  | (1,763 | ) |  | — |  |  | (7,323 | )
Balance, December 31, 2018, net of tax |  | (35,389 | ) |  | (88,825 | ) |  | — |  |  | (124,214 | )
Other comprehensive income (loss) before reclassifications |  | 176,784 |  |  | 16,616 |  |  | — |  |  | 193,400 |
Less: Amounts reclassified from AOCL |  | 2,874 |  |  | (6,396 | ) |  | — |  |  | (3,522 | )
Balance, December 31, 2019, net of tax |  | $ | 138,521 |  |  | $ | (65,813 | ) |  | $ | — |  |  | 72,708 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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