Consolidated Statements of Comprehensive (Loss) Income

3 Months Ended

Mar. 31, 2025

Consolidated Statements of Comprehensive Income (Loss)

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


(In thousands)	Unrealized Investment Gains (Losses)			Currency Translation Adjustments		Accumulated Other Comprehensive Income (Loss)
As of and for the three months ended March 31, 2025
Changes in AOCI
Beginning of period	$	(517,170)		$	(417,099)	$	(934,269)


Other comprehensive income before reclassifications	144,102			23,930		168,032
Amounts reclassified from AOCI	4,171			—		4,171
Other comprehensive income	148,273			23,930		172,203
Unrealized investment loss related to noncontrolling interest	(1)			—		(1)
End of period	$	(368,898)		$	(393,169)	$	(762,067)
Amounts reclassified from AOCI
Pre-tax	$	5,280	(1)	$	—	$	5,280
Tax effect	(1,109)		(2)	—		(1,109)
After-tax amounts reclassified	$	4,171		$	—	$	4,171
Other comprehensive income
Pre-tax	$	185,855		$	23,930	$	209,785
Tax effect	(37,582)			—		(37,582)
Other comprehensive income	$	148,273		$	23,930	$	172,203

As of and for the three months ended March 31, 2024
Changes in AOCI
Beginning of period	$	(586,354)		$	(339,484)	$	(925,838)


Other comprehensive loss before reclassifications	(101,312)			(27,570)		(128,882)
Amounts reclassified from AOCI	31,190			—		31,190
Other comprehensive loss	(70,122)			(27,570)		(97,692)
Unrealized investment loss related to noncontrolling interest	—			—		—
Ending balance	$	(656,476)		$	(367,054)	$	(1,023,530)
Amounts reclassified from AOCI
Pre-tax	$	39,481	(1)	$	—	$	39,481
Tax effect	(8,291)		(2)	—		(8,291)
After-tax amounts reclassified	$	31,190		$	—	$	31,190
Other comprehensive loss
Pre-tax	$	(89,297)		$	(27,570)	$	(116,867)
Tax effect	19,175			—		19,175
Other comprehensive loss	$	(70,122)		$	(27,570)	$	(97,692)

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

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