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OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 12 Months Ended
Dec. 31, 2017
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) are shown in the following table:
 
 
Before Tax Amount
 
Tax (Expense) Benefit
 
Net of Tax Amount
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2017
 
 
 
 
 
 
 
Available for sale investments:
 
 
 
 
 
 
 
Unrealized investment gains arising during the year
$
211,151

 
$
(5,732
)
 
$
205,419

 
 
Adjustment for reclassification of net realized investment gains and OTTI losses recognized in net income
(33,892
)
 
758

 
(33,134
)
 
 
Unrealized investment gains arising during the year, net of reclassification adjustment
177,259

 
(4,974
)
 
172,285

 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
 
Foreign currency translation adjustment
41,938

 
—

 
41,938

 
 
Total other comprehensive income, net of tax
$
219,197

 
$
(4,974
)
 
$
214,223

 
 
 
 
 
 
 
 
 
 
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, net of tax
$
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, net of tax
$
(156,244
)
 
$
13,353

 
$
(142,891
)
 
 
 
 
 
 
 
 
 
RECLASSIFICATIONS OUT OF AOCI INTO NET INCOME AVAILABLE TO COMMON SHAREHOLDERS
Reclassifications from AOCI into net income (loss) available to common shareholders are shown in the following table:
 
 
 
Amount Reclassified from AOCI(1)
 
 
Details About AOCI Components
Consolidated Statement of Operations Line Item That Includes Reclassification
Year ended December 31,
 
 
2017
 
2016
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized investment gains (losses) on available for sale investments
 
 
 
 
 
 
 
 
 
 
Other realized investment gains (losses)
$
48,385

 
$
(34,213
)
 
$
(73,046
)
 
 
 
 
OTTI losses
(14,493
)
 
(26,210
)
 
(72,720
)
 
 
 
 
Total before tax
33,892

 
(60,423
)
 
(145,766
)
 
 
 
 
Income tax (expense) benefit
(758
)
 
(1,767
)
 
775

 
 
 
 
Net of tax
$
33,134

 
$
(62,190
)
 
$
(144,991
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
 
 
 
 
 
 
 
 
 
 
Foreign exchange loss
$
(24,149
)
 
$
—

 
$
—

 
 
 
 
Income tax (expense) benefit
—

 
—

 
—

 
 
 
 
   Net of tax
$
(24,149
)
 
$
—

 
$
—

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