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Other Comprehensive Income
 3 Months Ended
Mar. 31, 2026
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Other Comprehensive Income Other Comprehensive Income
The pretax and related income tax benefit (expense) components of our other comprehensive income (loss) for the three months ended March 31, 2026 and 2025 are included in table 9.1 below.
Components of Other Comprehensive Income (Loss)
Table
9.1
Three Months Ended March 31,
(In thousands)2026
2025
Net unrealized investment (losses) gains arising during the period$(42,073)$65,406 
Total income tax benefit (expense)8,835 (13,735)
Net of tax
(33,238)51,671 
Net changes in benefit plan assets and obligations190 58 
Total income tax benefit (expense)(40)(12)
Net of tax
150 46 
Total other comprehensive income (loss)$(41,883)65,464 
Total income tax benefit (expense)8,795 (13,747)
Total other comprehensive income (loss), net of tax$(33,088)$51,717 

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 months ended March 31, 2026 and 2025 are included in table 9.2 below.
Reclassifications from AOCI
Table
9.2
Three Months Ended March 31,
(In thousands)2026
2025
Reclassification adjustment for net realized (losses) gains (1)
$(98)$(5,981)
Income tax benefit (expense)21 1,256 
Net of tax
(77)(4,725)
Reclassification adjustment related to benefit plan assets and obligations (2)
(190)(58)
Income tax benefit (expense)40 12 
Net of tax
(150)(46)
Total reclassifications(288)(6,039)
Income tax benefit (expense)61 1,268 
Total reclassifications, net of tax$(227)$(4,771)
(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.

A rollforward of AOCI for the three months ended March 31, 2026, including amounts reclassified from AOCI, are included in table 9.3 below.
Rollforward of AOCI
Table
9.3
Three Months Ended March 31, 2026
(In thousands)Net unrealized gains and (losses) on available-for-sale securitiesNet benefit plan assets and (obligations) recognized in shareholders' equityTotal accumulated other comprehensive income (loss)
Balance at December 31, 2025, net of tax$(120,686)$(13,708)$(134,394)
Other comprehensive income (loss) before reclassifications(33,315)— (33,315)
Less: Amounts reclassified from AOCI(77)(150)(227)
Balance, March 31, 2026, net of tax$(153,924)$(13,558)$(167,482)