XML 42 R18.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Other Comprehensive Income (Loss) | 12 Months Ended
--- | ---
Dec. 31, 2024
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Other Comprehensive Income (Loss) | Other Comprehensive Income (Loss) The pretax components of our other comprehensive income (loss) and related income tax benefit (expense) for the years ended December 31, 2024, 2023 and 2022 are included in table 10.1 below.
Components of other comprehensive income (loss)
Table | 10.1 |  |  |  |  |  |
(In thousands) |  | 2024 |  | 2023 |  | 2022
Net unrealized investment (losses) gains arising during the period |  | $ | 11,481 |  |  | $ | 179,174 |  |  | $ | (707,005) |
Income tax benefit (expense) |  | (2,411) |  |  | (37,626) |  |  | 148,471 |
Net of taxes |  | 9,070 |  |  | 141,548 |  |  | (558,534) |
Net changes in benefit plan assets and obligations |  | 24,113 |  |  | 29,978 |  |  | (54,017) |
Income tax benefit (expense) |  | (5,064) |  |  | (6,296) |  |  | 11,343 |
Net of taxes |  | 19,049 |  |  | 23,682 |  |  | (42,674) |
Total other comprehensive income (loss) |  | 35,594 |  |  | 209,152 |  |  | (761,022) |
Total income tax benefit (expense) |  | (7,475) |  |  | (43,922) |  |  | 159,814 |
Total other comprehensive income (loss), net of tax |  | $ | 28,119 |  |  | $ | 165,230 |  |  | $ | (601,208) |
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 years ended December 31, 2024, 2023 and 2022 are included in table 10.2 below.
Reclassifications from Accumulated Other Comprehensive Income (Loss)
Table | 10.2 |  |  |  |  |  |
(In thousands) |  | 2024 |  | 2023 |  | 2022
Reclassification adjustment for net realized (losses) gains (1) |  | $ | (15,069) |  |  | $ | (27,100) |  |  | $ | (9,860) |
Income tax benefit (expense) |  | 3,164 |  |  | 5,691 |  |  | 2,070 |
Net of taxes |  | (11,905) |  |  | (21,409) |  |  | (7,790) |
Reclassification adjustment related to benefit plan assets and obligations (2) | (2,925) |  |  | (13,990) |  |  | (16,750) |
Income tax benefit (expense) |  | 614 |  |  | 2,938 |  |  | 3,518 |
Net of taxes |  | (2,311) |  |  | (11,052) |  |  | (13,232) |
Total reclassifications |  | (17,994) |  |  | (41,090) |  |  | (26,610) |
Income tax benefit (expense) |  | 3,778 |  |  | 8,629 |  |  | 5,588 |
Total reclassifications, net of tax |  | $ | (14,216) |  |  | $ | (32,461) |  |  | $ | (21,022) |
(1)(Decreases) increases Net gains (losses) on investments and other financial instruments 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 for the years ended December 31, 2024, 2023, and 2022, including amounts reclassified from AOCI, 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 |  |  |  | Total AOCI
Balance, December 31, 2021, net of tax |  | $ | 150,038 |  |  | $ | (30,341) |  |  |  |  | $ | 119,697 |
Other comprehensive income (loss) before reclassifications |  | (566,324) |  |  | (55,906) |  |  |  |  | (622,230) |
Less: Amounts reclassified from AOCI |  | (7,790) |  |  | (13,232) |  |  |  |  | (21,022) |
Balance, December 31, 2022, net of tax |  | (408,496) |  |  | (73,015) |  |  |  |  | (481,511) |
Other comprehensive income (loss) before reclassifications |  | 120,139 |  |  | 12,630 |  |  |  |  | 132,769 |
Less: Amounts reclassified from AOCI |  | (21,409) |  |  | (11,052) |  |  |  |  | (32,461) |
Balance, December 31, 2023, net of tax |  | (266,948) |  |  | (49,333) |  |  |  |  | (316,281) |
Other comprehensive income (loss) before reclassifications |  | (2,835) |  |  | 16,738 |  |  |  |  | 13,903 |
Less: Amounts reclassified from AOCI |  | (11,905) |  |  | (2,311) |  |  |  |  | (14,216) |
Balance, December 31, 2024, net of tax |  | $ | (257,878) |  |  | $ | (30,284) |  |  |  |  | $ | (288,162) |

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 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/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration