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Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2025
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Comprehensive Income (Loss) Comprehensive Income (Loss)
The components of comprehensive income (loss), both gross and net of tax, for First Quarter 2025 and First Quarter 2024 were as follows:

First Quarter 2025   
($ in thousands)GrossTaxNet
Net income (loss)
$138,886 28,990 109,896 
Components of OCI:   
Unrealized gains (losses) on investment securities:
   
Unrealized holding gains (losses) during the period69,260 14,545 54,715 
Unrealized gains (losses) on securities with credit loss recognized in earnings12,766 2,680 10,086 
Amounts reclassified into net income (loss):
Net realized (gains) losses on disposals and intent-to-sell AFS securities(274)(58)(216)
Credit loss (benefit) expense(629)(132)(497)
    Total unrealized gains (losses) on investment securities81,123 17,035 64,088 
Defined benefit pension and post-retirement plans:   
Amounts reclassified into net income (loss):
   
Net actuarial (gain) loss872 183 689 
    Total defined benefit pension and post-retirement plans872 183 689 
Other comprehensive income (loss)81,995 17,218 64,777 
Comprehensive income (loss)$220,881 46,208 174,673 
First Quarter 2024   
($ in thousands)GrossTaxNet
Net income (loss)
$102,566 20,048 82,518 
Components of OCI:   
Unrealized gains (losses) on investment securities:   
Unrealized holding gains (losses) during the period(15,560)(3,267)(12,293)
Unrealized gains (losses) on securities with credit loss recognized in earnings(3,132)(658)(2,474)
Amounts reclassified into net income (loss):
Net realized (gains) losses on disposals and intent-to-sell AFS securities(78)(17)(61)
Credit loss (benefit) expense2,650 557 2,093 
    Total unrealized gains (losses) on investment securities(16,120)(3,385)(12,735)
Defined benefit pension and post-retirement plans:   
Amounts reclassified into net income (loss):
   
Net actuarial (gain) loss967 203 764 
    Total defined benefit pension and post-retirement plans967 203 764 
Other comprehensive income (loss)(15,153)(3,182)(11,971)
Comprehensive income (loss)$87,413 16,866 70,547 
The following table shows each component of accumulated other comprehensive income (loss) ("AOCI") (net of taxes), including balances and changes, as of March 31, 2025:

March 31, 2025Net Unrealized Gains (Losses) on Investment SecuritiesDefined Benefit Pension and Post-Retirement PlansTotal AOCI
($ in thousands)
Credit Loss Related1
All
Other		Investments
Subtotal
Balance, December 31, 2024
$(72,206)(178,057)(250,263)(86,582)(336,845)
OCI before reclassifications10,086 54,715 64,801 — 64,801 
Amounts reclassified from AOCI(497)(216)(713)689 (24)
Net current period OCI9,589 54,499 64,088 689 64,777 
Balance, March 31, 2025
$(62,617)(123,558)(186,175)(85,893)(272,068)
1Represents change in unrealized gains (losses) on securities with credit loss recognized in earnings.
The reclassifications out of AOCI were as follows:

Quarter ended March 31,Affected Line Item in the Unaudited Consolidated Statements of Income
($ in thousands)20252024
Net realized (gains) losses on disposals and intent-to-sell AFS securities
Net realized (gains) losses
$(274)(78)Net realized and unrealized investment gains (losses)
Tax (benefit) expense
58 17 Total federal income tax expense (benefit)
Net of taxes
(216)(61)Net income (loss)
Credit loss related
Credit loss (benefit) expense(629)2,650 Net realized and unrealized investment gains (losses)
Tax (benefit) expense
132 (557)Total federal income tax expense (benefit)
Net of taxes
(497)2,093 Net income (loss)
Defined benefit pension and post-retirement life plans
Net actuarial loss 201 222 Loss and loss expense incurred
Net actuarial loss671 745 Other insurance expenses
Total
872 967 Income (loss) before federal income tax
Tax (benefit) expense(183)(203)Total federal income tax expense (benefit)
Net of taxes689 764 Net income (loss)
Total reclassifications for the period$(24)2,796 Net income (loss)