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OTHER COMPREHENSIVE INCOME (LOSS) (TABLES)
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
TAX EFFECTS ALLOCATED TO EACH COMPONENT OF OTHER COMPREHENSIVE INCOME (LOSS)
The tax effects allocated to each component of other comprehensive income (loss) were as follows:
 
 
Before Tax Amount
 
Tax (Expense) Benefit
 
Net of Tax Amount
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2016
 
 
 
 
 
 
 
Available for sale investments:
 
 
 
 
 
 
 
Unrealized investment gains arising during the year
$
10,165

 
$
(5,093
)
 
$
5,072

 
 
Adjustment for reclassification of net realized investment losses and OTTI losses recognized in net income
60,423

 
1,767

 
62,190

 
 
Unrealized investment gains arising during the year, net of reclassification adjustment
70,588

 
(3,326
)
 
67,262

 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
 
Foreign currency translation adjustment
(638
)
 
—

 
(638
)
 
 
Total other comprehensive income
$
69,950

 
$
(3,326
)
 
$
66,624

 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2015
 
 
 
 
 
 
 
Available for sale investments:
 
 
 
 
 
 
 
Unrealized investment losses arising during the year
$
(280,512
)
 
$
14,128

 
$
(266,384
)
 
 
Adjustment for reclassification of net realized investment losses and OTTI losses recognized in net income
145,766

 
(775
)
 
144,991

 
 
Unrealized investment losses arising during the year, net of reclassification adjustment
(134,746
)
 
13,353

 
(121,393
)
 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
 
Foreign currency translation adjustment
(21,498
)
 
—

 
(21,498
)
 
 
Total other comprehensive loss
$
(156,244
)
 
$
13,353

 
$
(142,891
)
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2014
 
 
 
 
 
 
 
Available for sale investments:
 
 
 
 
 
 
 
Unrealized investment losses arising during the year
$
(22,704
)
 
$
(15,963
)
 
$
(38,667
)
 
 
Adjustment for reclassification of net realized investment gains and OTTI losses recognized in net income
(141,172
)
 
26,702

 
(114,470
)
 
 
Unrealized investment losses arising during the year, net of reclassification adjustment
(163,876
)
 
10,739

 
(153,137
)
 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
 
Foreign currency translation adjustment
(10,262
)
 
—

 
(10,262
)
 
 
Total other comprehensive loss
$
(174,138
)
 
$
10,739

 
$
(163,399
)
 
 
 
 
 
 
 
 
 
RECLASSIFICATIONS OUT OF AOCI INTO NET INCOME AVAILABLE TO COMMON SHAREHOLDERS
Reclassifications out of AOCI into net income available to common shareholders were as follows:
 
 
 
Amount Reclassified from AOCI(1)
 
 
Details About AOCI Components
Consolidated Statement of Operations Line Item That Includes Reclassification
Year ended December 31,
 
 
2016
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on available for sale investments
 
 
 
 
 
 
 
 
 
 
Other realized investment gains (losses)
$
(34,213
)
 
$
(73,046
)
 
$
172,399

 
 
 
 
OTTI losses
(26,210
)
 
(72,720
)
 
(31,227
)
 
 
 
 
Total before tax
(60,423
)
 
(145,766
)
 
141,172

 
 
 
 
Income tax (expense) benefit
(1,767
)
 
775

 
(26,702
)
 
 
 
 
Net of tax
$
(62,190
)
 
$
(144,991
)
 
$
114,470

 
 
 
 
 
 
 
 
 
 
 
 
(1)
Amounts in parentheses are debits to net income available to common shareholders