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Other Comprehensive Income (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2024 and 2023, as indicated below.
Three Months Ended September 30, | 2024 |  | 2023
(In thousands) | Amount |  | Tax Effect |  | Total |  | Amount |  | Tax Effect |  | Total
Unrealized gains (losses): |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains (losses) arising during the period | $ | 59,101 |  |  | (4,360) |  |  | 54,741 |  |  | (59,817) |  |  | 8,717 |  |  | (51,100) |
Reclassification adjustment for losses (gains) included in net income (loss) | (100) |  |  | 21 |  |  | (79) |  |  | 419 |  |  | (88) |  |  | 331 |
Unrealized holding gains (losses), net | 59,001 |  |  | (4,339) |  |  | 54,662 |  |  | (59,398) |  |  | 8,629 |  |  | (50,769) |
Change in current discount rate for liability for future policy benefits | (45,404) |  |  | 3,983 |  |  | (41,421) |  |  | 60,054 |  |  | (7,589) |  |  | 52,465 |
Other comprehensive income (loss) | $ | 13,597 |  |  | (356) |  |  | 13,241 |  |  | 656 |  |  | 1,040 |  |  | 1,696 |
Nine Months Ended September 30, | 2024 |  | 2023
(In thousands) | Amount |  | Tax Effect |  | Total |  | Amount |  | Tax Effect |  | Total
Unrealized gains (losses): |  |  |  |  |  |  |  |  |  |  |
Unrealized holding gains (losses) arising during the period | $ | 31,427 |  |  | (2,169) |  |  | 29,258 |  |  | (36,811) |  |  | 7,548 |  |  | (29,263) |
Reclassification adjustment for losses (gains) included in net income | 547 |  |  | (115) |  |  | 432 |  |  | 481 |  |  | (101) |  |  | 380 |
Unrealized holding gains (losses), net | 31,974 |  |  | (2,284) |  |  | 29,690 |  |  | (36,330) |  |  | 7,447 |  |  | (28,883) |
Change in current discount rate for liability for future policy benefits | (5,887) |  |  | (331) |  |  | (6,218) |  |  | 45,825 |  |  | (6,565) |  |  | 39,260 |
Other comprehensive income (loss) | $ | 26,087 |  |  | (2,615) |  |  | 23,472 |  |  | 9,495 |  |  | 882 |  |  | 10,377 |

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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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