Rollforward of accumulated other comprehensive income (loss)

Three Months Ended
September 30, 2025

Nine Months Ended
September 30, 2025

(In thousands)

Before
Tax

Tax
Effect

Net of
Tax

Before
Tax

Tax
Effect

Net of
Tax

Balance at beginning of period

$

(345,495

)

$

(72,554

)

$

(272,941

)

$

(443,340

)

$

(93,102

)

$

(350,238

)

Other comprehensive income (loss)

Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected credit losses has not been recognized

57,795

12,137

45,658

150,949

31,699

119,250

Less: Reclassification adjustment for net gains (losses) on investments included in net income (1)

Net realized gains (losses) on disposals and non-credit related impairment losses

(869

)

(183

)

(686

)

(5,274

)

(1,108

)

(4,166

)

Net unrealized gains (losses) on investments

58,664

12,320

46,344

156,223

32,807

123,416

Net unrealized gains (losses) from investments recorded as assets held for sale

226

47

179

454

95

359

Other adjustments to comprehensive income (loss), net

—

—

—

58

13

45

Other comprehensive income (loss)

58,890

12,367

46,523

156,735

32,915

123,820

Balance at end of period

$

(286,605

)

$

(60,187

)

$

(226,418

)

$

(286,605

)

$

(60,187

)

$

(226,418

)

Three Months Ended
September 30, 2024

Nine Months Ended
September 30, 2024

(In thousands)

Before
Tax

Tax
Effect

Net of
Tax

Before
Tax

Tax
Effect

Net of
Tax

Balance at beginning of period

$

(477,610

)

$

(100,299

)

$

(377,311

)

$

(418,799

)

$

(87,948

)

$

(330,851

)

Other comprehensive income (loss)

Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected credit losses has not been recognized

182,913

38,412

144,501

117,390

24,652

92,738

Less: Reclassification adjustment for net gains (losses) on investments included in net income (1)

Net realized gains (losses) on disposals and non-credit related impairment losses

567

119

448

(6,188

)

(1,299

)

(4,889

)

Net unrealized gains (losses) on investments

182,346

38,293

144,053

123,578

25,951

97,627

Net unrealized gains (losses) from investments recorded as assets held for sale

200

42

158

243

51

192

Other adjustments to comprehensive income, net

—

—

—

(86

)

(18

)

(68

)

Other comprehensive income (loss)

182,546

38,335

144,211

123,735

25,984

97,751

Balance at end of period

$

(295,064

)

$

(61,964

)

$

(233,100

)

$

(295,064

)

$

(61,964

)

$

(233,100

)