Consolidated Statements of Comprehensive (Loss) Income (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Components of changes in accumulated other comprehensive income (loss)

The following table presents the components of the changes in accumulated other comprehensive income (loss) ("AOCI"):

(In thousands)	Unrealized Investment (Losses) Gains			Currency Translation Adjustments		Accumulated Other Comprehensive  Income (Loss)
As of and for the nine months ended September 30, 2024
Changes in AOCI
Beginning of period	$	(586,354)		$	(339,484)	$	(925,838)
Other comprehensive income before reclassifications	218,087			25,160		243,247
Amounts reclassified from AOCI	79,446			—		79,446
Other comprehensive income	297,533			25,160		322,693
Unrealized investment gain related to noncontrolling interest	1			—		1
End of period	$	(288,820)		$	(314,324)	$	(603,144)
Amounts reclassified from AOCI
Pre-tax	$	100,565	(1)	$	—	$	100,565
Tax effect	(21,119)		(2)	—		(21,119)
After-tax amounts reclassified	$	79,446		$	—	$	79,446
Other comprehensive income
Pre-tax	$	370,831		$	25,160	$	395,991
Tax effect	(73,298)			—		(73,298)
Other comprehensive income	$	297,533		$	25,160	$	322,693
As of and for the three months ended September 30, 2024
Changes in AOCI
Beginning of period	$	(669,813)		$	(363,827)	$	(1,033,640)
Other comprehensive income before reclassifications	374,110			49,503		423,613
Amounts reclassified from AOCI	6,883			—		6,883
Other comprehensive income	380,993			49,503		430,496
Unrealized investment gain to noncontrolling interest	—			—		—
Ending balance	$	(288,820)		$	(314,324)	$	(603,144)
Amounts reclassified from AOCI
Pre-tax	$	8,713	(1)	$	—	$	8,713
Tax effect	(1,830)		(2)	—		(1,830)
After-tax amounts reclassified	$	6,883		$	—	$	6,883
Other comprehensive income
Pre-tax	$	480,768		$	49,503	$	530,271
Tax effect	(99,775)			—		(99,775)
Other comprehensive income	$	380,993		$	49,503	$	430,496

(In thousands)	Unrealized Investment (Losses) Gains			Currency Translation Adjustments		Accumulated Other Comprehensive (Loss) Income
As of and for the nine months ended September 30, 2023
Changes in AOCI
Beginning of period	$	(892,905)		$	(371,676)	$	(1,264,581)
Other comprehensive loss before reclassifications	(103,087)			(7,387)		(110,474)
Amounts reclassified from AOCI	52,237			—		52,237
Other comprehensive loss	(50,850)			(7,387)		(58,237)
Unrealized investment loss related to noncontrolling interest	(1)			—		(1)
End of period	$	(943,756)		$	(379,063)	$	(1,322,819)
Amounts reclassified from AOCI
Pre-tax	$	66,123	(1)	$	—	$	66,123
Tax effect	(13,886)		(2)	—		(13,886)
After-tax amounts reclassified	$	52,237		$	—	$	52,237
Other comprehensive loss
Pre-tax	$	(62,476)		$	(7,387)	$	(69,863)
Tax effect	11,626			—		11,626
Other comprehensive income	$	(50,850)		$	(7,387)	$	(58,237)
As of and for the three months ended September 30, 2023
Changes in AOCI
Beginning of period	$	(825,391)		$	(356,282)	$	(1,181,673)
Other comprehensive loss before reclassifications	(133,018)			(22,781)		(155,799)
Amounts reclassified from AOCI	14,653			—		14,653
Other comprehensive loss	(118,365)			(22,781)		(141,146)
Unrealized investment loss related to noncontrolling interest	—			—		—
Ending balance	$	(943,756)		$	(379,063)	$	(1,322,819)
Amounts reclassified from AOCI
Pre-tax	$	18,548	(1)	$	—	$	18,548
Tax effect	(3,895)		(2)	—		(3,895)
After-tax amounts reclassified	$	14,653		$	—	$	14,653
Other comprehensive loss
Pre-tax	$	(150,455)		$	(22,781)	$	(173,236)
Tax effect	32,090			—		32,090
Other comprehensive loss	$	(118,365)		$	(22,781)	$	(141,146)

____________

(1) Net investment (losses) gains in the consolidated statements of income.

(2) Income tax expense in the consolidated statements of income.