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Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

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

						Three Months Ended September 30,
						2024																		2023
(In thousands)						Before Tax						Tax Effect						Net of Tax						Before Tax						Tax Effect						Net of Tax
Balance at beginning of period						$	(354,847)					$	47,210					$	(307,637)					$	(416,193)					$	56,058					$	(360,135)
Other comprehensive income (loss):
Unrealized holding gains (losses) on investments:
Unrealized holding gains (losses) arising during the period						137,475						(20,064)						117,411						(89,283)						12,851						(76,432)
Less: Reclassification adjustment for (gains) losses included in net income (1)						(68)						15						(53)						235						(51)						184
Net unrealized gains (losses) on investments						137,407						(20,049)						117,358						(89,048)						12,800						(76,248)
Other comprehensive income (loss)						137,407						(20,049)						117,358						(89,048)						12,800						(76,248)
Balance at end of period						$	(217,440)					$	27,161					$	(190,279)					$	(505,241)					$	68,858					$	(436,383)
						Nine Months Ended September 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						103,316						(14,922)						88,394						(64,323)						8,760						(55,563)
Less: Reclassification adjustment for (gains) losses included in net income (1)						2,236						(413)						1,823						2,312						(342)						1,970
Net unrealized gains (losses) on investments						105,552						(15,335)						90,217						(62,011)						8,418						(53,593)
Other comprehensive income (loss)						105,552						(15,335)						90,217						(62,011)						8,418						(53,593)
Balance at end of period						$	(217,440)					$	27,161					$	(190,279)					$	(505,241)					$	68,858					$	(436,383)

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

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- References

No definition available.

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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://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

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