Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2024

The following table presents the rollforward of accumulated other comprehensive loss for the three and six months ended June 30, 2024 and 2023:


	Three Months Ended June 30,
	2024						2023
(In thousands)	Before Tax		Tax Effect		Net of Tax		Before Tax		Tax Effect		Net of Tax
Balance at beginning of period	$	(347,880)	$	45,618	$	(302,262)	$	(375,049)	$	51,012	$	(324,037)
Other comprehensive income (loss):
Unrealized holding gains (losses) on investments:
Unrealized holding gains (losses) arising during the period	(8,131)		1,773		(6,358)		(42,733)		5,385		(37,348)
Less: Reclassification adjustment for (gains) losses included in net income (1)	1,164		(181)		983		1,589		(339)		1,250
Net unrealized gains (losses) on investments	(6,967)		1,592		(5,375)		(41,144)		5,046		(36,098)
Other comprehensive income (loss)	(6,967)		1,592		(5,375)		(41,144)		5,046		(36,098)
Balance at end of period	$	(354,847)	$	47,210	$	(307,637)	$	(416,193)	$	56,058	$	(360,135)

	Six Months Ended June 30,
	2024						2023
(In thousands)	Before Tax		Tax Effect		Net of Tax		Before Tax		Tax Effect		Net of Tax
Balance at beginning of period	$	(322,992)	$	42,496	$	(280,496)	$	(443,230)	$	60,440	$	(382,790)
Other comprehensive income (loss):
Unrealized holding gains (losses) on investments:
Unrealized holding gains (losses) arising during the period	(34,159)		5,142		(29,017)		24,960		(4,091)		20,869
Less: Reclassification adjustment for (gains) losses included in net income (1)	2,304		(428)		1,876		2,077		(291)		1,786
Net unrealized gains (losses) on investments	(31,855)		4,714		(27,141)		27,037		(4,382)		22,655
Other comprehensive income (loss)	(31,855)		4,714		(27,141)		27,037		(4,382)		22,655
Balance at end of period	$	(354,847)	$	47,210	$	(307,637)	$	(416,193)	$	56,058	$	(360,135)

(1)Included in net realized investment losses on our condensed consolidated statements of comprehensive income.