Consolidated Statement of Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Schedule of Accumulated Other Comprehensive (Loss) Income

The following tables present the components of the changes in accumulated other comprehensive income (AOCI) as of and for the years ended December 31, 2024 and 2023:

(In thousands)
December 31, 2024	Unrealized Investment Gains (Losses)			Currency Translation Adjustments		Accumulated Other Comprehensive Income (Loss)
Changes in AOCI
Beginning of period	$	(586,354)		$	(339,484)	$	(925,838)
Other comprehensive income (loss) before reclassifications	(26,128)			(77,615)		(103,743)
Amounts reclassified from AOCI	95,310			—		95,310
Other comprehensive income (loss)	69,182			(77,615)		(8,433)
Unrealized investment gain related to noncontrolling interest	2			—		2
Ending balance	$	(517,170)		$	(417,099)	$	(934,269)
Amounts reclassified from AOCI
Pre-tax	$	120,646	(1)	$	—	$	120,646
Tax effect	(25,336)		(2)	—		(25,336)
After-tax amounts reclassified	$	95,310		$	—	$	95,310
Other comprehensive income (loss)
Pre-tax	$	84,474		$	(77,615)	$	6,859
Tax effect	(15,292)			—		(15,292)
Other comprehensive income (loss)	$	69,182		$	(77,615)	$	(8,433)

(In thousands)
December 31, 2023	Unrealized Investment Gains (Losses)			Currency Translation Adjustments		Accumulated Other Comprehensive Income (Loss)
Changes in AOCI
Beginning of period	$	(892,905)		$	(371,676)	$	(1,264,581)
Other comprehensive income before reclassifications	252,782			32,192		284,974
Amounts reclassified from AOCI	53,771			—		53,771
Other comprehensive income	306,553			32,192		338,745
Unrealized investment loss related to non-controlling interest	(2)			—		(2)
Ending balance	$	(586,354)		$	(339,484)	$	(925,838)
Amounts reclassified from AOCI
Pre-tax	$	68,065	(1)	$	—	$	68,065
Tax effect	(14,294)		(2)	—		(14,294)
After-tax amounts reclassified	$	53,771		$	—	$	53,771
Other comprehensive income
Pre-tax	$	392,903		$	32,192	$	425,095
Tax effect	(86,350)			—		(86,350)
Other comprehensive income	$	306,553		$	32,192	$	338,745

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

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