XML 51 R20.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Other Comprehensive Income (Loss) | 12 Months Ended
--- | ---
Dec. 31, 2023
Equity [Abstract] |
Other 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 domestic entities and 4% for Puerto Rican entities as indicated below.
(In thousands) | Amount |  | Tax Effect |  | Total
Year ended December 31, 2023: |  |  |  |  |
Unrealized gains (losses): |  |  |  |  |
Unrealized holding gains (losses) arising during the period | $ | 50,894 |  |  | 971 |  |  | 51,865 |
Reclassification adjustment for (gains) losses included in net income (loss) | 756 |  |  | (159) |  |  | 597 |
Unrealized holding gains (losses), net | 51,650 |  |  | 812 |  |  | 52,462 |
Change in current discount rate for liability for future policy benefits | (34,790) |  |  | 1,217 |  |  | (33,573) |
Other comprehensive income (loss) | $ | 16,860 |  |  | 2,029 |  |  | 18,889 |
Year ended December 31, 2022: |  |  |  |  |
Unrealized gains (losses): |  |  |  |  |
Unrealized holding gains (losses) arising during the period | $ | (328,673) |  |  | 17,555 |  |  | (311,118) |
Reclassification adjustment for (gains) losses included in net income (loss) | 104 |  |  | (22) |  |  | 82 |
Unrealized holding gains (losses), net | (328,569) |  |  | 17,533 |  |  | (311,036) |
Change in current discount rate for liability for future policy benefits | 337,776 |  |  | (24,795) |  |  | 312,981 |
Other comprehensive income (loss) | $ | 9,207 |  |  | (7,262) |  |  | 1,945 |
Year ended December 31, 2021: |  |  |  |  |
Unrealized gains (losses): |  |  |  |  |
Unrealized holding gains (losses) arising during the period | $ | (41,123) |  |  | 3,084 |  |  | (38,039) |
Reclassification adjustment for (gains) losses included in net income (loss) | (243) |  |  | 51 |  |  | (192) |
Unrealized holding gains (losses), net | (41,366) |  |  | 3,135 |  |  | (38,231) |
Change in current discount rate for liability for future policy benefits | 92,396 |  |  | (4,584) |  |  | 87,812 |
Other comprehensive income (loss) | $ | 51,030 |  |  | (1,449) |  |  | 49,581 |

X
- 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//1943274/2147483586/944-220-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//1943274/2147483589/942-220-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 + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration