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Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2024

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 domestic entities and 4% for Puerto Rican entities for the three and six months ended June 30, 2024 and 2023, as indicated below.

Three Months Ended June 30,			2024																		2023
(In thousands)			Amount						Tax Effect						Total						Amount						Tax Effect						Total
Unrealized gains (losses):
Unrealized holding gains (losses) arising during the period			$	(14,258)					993						(13,265)						(20,430)						1,111						(19,319)
Reclassification adjustment for losses (gains) included in net income (loss)			199						(42)						157						24						(5)						19
Unrealized holding gains (losses), net			(14,059)						951						(13,108)						(20,406)						1,106						(19,300)
Change in current discount rate for liability for future policy benefits			5,522						(568)						4,954						6,251						151						6,402
Other comprehensive income (loss)			$	(8,537)					383						(8,154)						(14,155)						1,257						(12,898)
Six Months Ended June 30,			2024																		2023
(In thousands)			Amount						Tax Effect						Total						Amount						Tax Effect						Total
Unrealized gains (losses):
Unrealized holding gains (losses) arising during the period			$	(27,674)					2,191						(25,483)						23,006						(1,169)						21,837
Reclassification adjustment for losses (gains) included in net income			647						(136)						511						62						(13)						49
Unrealized holding gains (losses), net			(27,027)						2,055						(24,972)						23,068						(1,182)						21,886
Change in current discount rate for liability for future policy benefits			39,517						(4,314)						35,203						(14,229)						1,024						(13,205)
Other comprehensive income (loss)			$	12,490					(2,259)						10,231						8,839						(158)						8,681

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- References

No definition available.

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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

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