XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.22.2

Other Comprehensive Income (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Other comprehensive income | The pretax and related income tax benefit (expense) components of our other comprehensive income (loss) for the three and six months ended June 30, 2022 and 2021 are included in table 9.1 below.
Components of other comprehensive income (loss) |  |  |  |
Table | 9.1 |  |  |  |  |  |  |  |
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Net unrealized investment gains arising during the period |  | $ | (222,000) |  |  | $ | 57,030 |  |  | $ | (564,960) |  |  | $ | (62,120) |
Total income tax benefit (expense) |  | 46,620 |  |  | (11,976) |  |  | 118,642 |  |  | 13,045 |
Net of taxes |  | (175,380) |  |  | 45,054 |  |  | (446,318) |  |  | (49,075) |
Net changes in benefit plan assets and obligations |  | 620 |  |  | 839 |  |  | 1,118 |  |  | 1,944 |
Total income tax benefit (expense) |  | (130) |  |  | (176) |  |  | (235) |  |  | (408) |
Net of taxes |  | 490 |  |  | 663 |  |  | 883 |  |  | 1,536 |
Total other comprehensive income (loss) |  | (221,380) |  |  | 57,869 |  |  | (563,842) |  |  | (60,176) |
Total income tax benefit (expense) |  | 46,490 |  |  | (12,152) |  |  | 118,407 |  |  | 12,637 |
Total other comprehensive income (loss), net of tax |  | $ | (174,890) |  |  | $ | 45,717 |  |  | $ | (445,435) |  |  | $ | (47,539) |
Reclassification out of accumulated other comprehensive income | The pretax and related income tax benefit (expense) components of the amounts reclassified from our accumulated other comprehensive income (loss) (“AOCI”) to our consolidated statements of operations for the three and six months ended June 30, 2022 and 2021 are included in table 9.2 below.
Reclassifications from AOCI |  |  |  |
Table | 9.2 |  |  |  |  |  |  |  |
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Reclassification adjustment for net realized (losses) gains(1) |  | $ | (2,433) |  |  | $ | 2,477 |  |  | $ | 2,408 |  |  | $ | 6,417 |
Income tax benefit (expense) |  | 511 |  |  | (520) |  |  | (506) |  |  | (1,347) |
Net of taxes |  | (1,922) |  |  | 1,957 |  |  | 1,902 |  |  | 5,070 |
Reclassification adjustment related to benefit plan assets and obligations (2) |  | (620) |  |  | (839) |  |  | (1,118) |  |  | (1,944) |
Income tax benefit (expense) |  | 130 |  |  | 176 |  |  | 235 |  |  | 408 |
Net of taxes |  | (490) |  |  | (663) |  |  | (883) |  |  | (1,536) |
Total reclassifications |  | (3,053) |  |  | 1,638 |  |  | 1,290 |  |  | 4,473 |
Income tax benefit (expense) |  | 641 |  |  | (344) |  |  | (271) |  |  | (939) |
Total reclassifications, net of tax |  | $ | (2,412) |  |  | $ | 1,294 |  |  | $ | 1,019 |  |  | $ | 3,534 |
(1)Increases (decreases) Net realized investment gains (losses) on the consolidated statements of operations. (2)Decreases (increases) Other underwriting and operating expenses, net on the consolidated statements of operations.
Accumulated other comprehensive income (loss) | A rollforward of AOCI for the six months ended June 30, 2022, including amounts reclassified from AOCI, are included in table 9.3 below.
Rollforward of AOCI
Table | 9.3 |  |  |  |  |  |
|  |  | Six Months Ended June 30, 2022
(In thousands) |  | Net unrealized gains and (losses) on available-for-sale securities |  | Net benefit plan assets and (obligations) recognized in shareholders' equity |  | Total accumulated other comprehensive income (loss)
Balance at December 31, 2021, net of tax |  | $ | 150,038 |  |  | $ | (30,341) |  |  | $ | 119,697 |
Other comprehensive income (loss) before reclassifications |  | (444,416) |  |  | — |  |  | (444,416) |
Less: Amounts reclassified from AOCI |  | 1,902 |  |  | (883) |  |  | 1,019 |
Balance, June 30, 2022, net of tax |  | $ | (296,280) |  |  | $ | (29,458) |  |  | $ | (325,738) |

X
- References No definition available. + Details
Name: | us-gaap_ComprehensiveIncomeNetOfTaxAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration