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Changes in accumulated other comprehensive income (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following tables present a roll forward of accumulated other comprehensive income for the three months indicated:
(Amounts in thousands)Net unrealized
investment
gains (losses)
Foreign currency translationTotal
Balance as of January 1, 2025, net of tax$(207,624)$169 $(207,455)
Other comprehensive income (loss) before reclassifications56,423 (3,921)52,502 
Amounts reclassified from other comprehensive income (loss)2,471 — 2,471 
Total other comprehensive income (loss)58,894 (3,921)54,973 
Balance as of March 31, 2025, net of tax$(148,730)$(3,752)$(152,482)
(Amounts in thousands)Net unrealized
investment
gains (losses)
Foreign currency translationTotal
Balance as of January 1, 2024, net of tax$(230,556)$156 $(230,400)
Other comprehensive income (loss) before reclassifications(12,351)(12,349)
Amounts reclassified from other comprehensive income (loss)5,272 — 5,272 
Total other comprehensive income (loss)(7,079)(7,077)
Balance as of March 31, 2024, net of tax$(237,635)$158 $(237,477)
Reclassification out of Accumulated Other Comprehensive Income
The following table presents the effect of the reclassification of significant items out of accumulated other comprehensive income (loss) on the respective line items of the consolidated statements of income, for the periods indicated:
 
Amounts reclassified from accumulated other comprehensive income (loss)
Affected line item in the condensed consolidated statements of income
Three months ended
March 31,
(Amounts in thousands)
20252024
Net unrealized gains (losses) on investments$(3,128)$(6,673)Net investment gains (losses)
Benefit (expense) from income taxes657 1,401 Provision for income taxes