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Other Comprehensive Income (Tables) | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Comprehensive Income (Loss) | The changes in the components of other comprehensive income (loss) are reported net of the effects of income taxes of 21% for entities domiciled in the United States and 4% for entities domiciled in Puerto Rico for the three and nine months ended September 30, 2023 and 2022, as indicated below.
Three Months Ended September 30, | 2023 |  | 2022
(In thousands) | Amount |  | Tax Effect |  | Total |  | Amount |  | Tax Effect |  | Total
Unrealized gains (losses): |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains (losses) arising during the period | $ | (59,817) |  |  | 8,717 |  |  | (51,100) |  |  | (88,382) |  |  | 398 |  |  | (87,984) |
Reclassification adjustment for losses (gains) included in net income (loss) | 419 |  |  | (88) |  |  | 331 |  |  | 43 |  |  | (9) |  |  | 34 |
Unrealized holding gains (losses), net | (59,398) |  |  | 8,629 |  |  | (50,769) |  |  | (88,339) |  |  | 389 |  |  | (87,950) |
Change in current discount rate for liability for future policy benefits | 60,054 |  |  | (7,589) |  |  | 52,465 |  |  | 73,214 |  |  | (205) |  |  | 73,009 |
Other comprehensive income (loss) | $ | 656 |  |  | 1,040 |  |  | 1,696 |  |  | (15,125) |  |  | 184 |  |  | (14,941) |
Nine Months Ended September 30, | 2023 |  | 2022
(In thousands) | Amount |  | Tax Effect |  | Total |  | Amount |  | Tax Effect |  | Total
Unrealized gains (losses): |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains (losses) arising during the period | $ | (36,811) |  |  | 7,548 |  |  | (29,263) |  |  | (340,678) |  |  | 13,790 |  |  | (326,888) |
Reclassification adjustment for losses (gains) included in net income (loss) | 481 |  |  | (101) |  |  | 380 |  |  | 78 |  |  | (16) |  |  | 62 |
Unrealized holding gains (losses), net | (36,330) |  |  | 7,447 |  |  | (28,883) |  |  | (340,600) |  |  | 13,774 |  |  | (326,826) |
Change in current discount rate for liability for future policy benefits | 45,825 |  |  | (6,565) |  |  | 39,260 |  |  | 345,258 |  |  | (19,936) |  |  | 325,322 |
Other comprehensive income (loss) | $ | 9,495 |  |  | 882 |  |  | 10,377 |  |  | 4,658 |  |  | (6,162) |  |  | (1,504) |

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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1 + Details
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