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OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
TAX EFFECTS ALLOCATED TO EACH COMPONENT OF OTHER COMPREHENSIVE INCOME
The following table presents the tax effects allocated to each component of other comprehensive income (loss):
 
 
2019
 
2018
 
 
 
Before tax amount
 
Tax (expense) benefit
 
Net of tax amount
 
Before tax amount
 
Tax (expense) benefit
 
Net of Tax Amount
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended June 30,
 
 
 
 
 
 
 
 
 
 
 
 
 
Available for sale investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized investment gains (losses) arising during the period
$
146,907

 
$
(15,465
)
 
$
131,442

 
$
(114,842
)
 
$
9,562

 
$
(105,280
)
 
 
Adjustment for reclassification of net realized investment (gains) losses and OTTI losses recognized in net income
(8,141
)
 
1,192

 
(6,949
)
 
39,100

 
(2,644
)
 
36,456

 
 
Unrealized investment gains (losses) arising during the period, net of reclassification adjustment
138,766

 
(14,273
)
 
124,493

 
(75,742
)
 
6,918

 
(68,824
)
 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
—

 
—

 
—

 
 
Foreign currency translation adjustment
2,556

 
—

 
2,556

 
(9,129
)
 
—

 
(9,129
)
 
 
Total other comprehensive income (loss), net of tax
$
141,322

 
$
(14,273
)
 
$
127,049

 
$
(84,871
)
 
$
6,918

 
$
(77,953
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30,
 
 
 
 
 
 
 
 
 
 
 
 
 
Available for sale investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized investment gains (losses) arising during the period
$
353,712

 
$
(32,061
)
 
$
321,651

 
$
(220,480
)
 
$
3,046

 
$
(217,434
)
 
 
Adjustment for reclassification of net realized investment losses and OTTI losses recognized in net income
5,733

 
652

 
6,385

 
34,987

 
2,253

 
37,240

 
 
Unrealized investment gains (losses) arising during the period, net of reclassification adjustment
359,445

 
(31,409
)
 
328,036

 
(185,493
)
 
5,299

 
(180,194
)
 
 
Non-credit portion of OTTI losses
—

 
—

 
—

 
—

 
—

 
—

 
 
Foreign currency translation adjustment
5,219

 
—

 
5,219

 
(7,858
)
 
—

 
(7,858
)
 
 
Total other comprehensive income (loss), net of tax
$
364,664

 
$
(31,409
)
 
$
333,255

 
$
(193,351
)
 
$
5,299

 
$
(188,052
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

    
RECLASSIFICATIONS OUT OF AOCI INTO NET INCOME AVAILABLE TO COMMON SHAREHOLDERS
The following table presents reclassifications from accumulated other comprehensive income ("AOCI") to net income (loss):
 
 
 
Amount reclassified from AOCI(1)
 
 
Details about AOCI Components
Consolidated statement of operations line item that includes reclassification
Three months ended June 30,
 
Six months ended June 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized investment gains (losses) on available for sale investments
 
 
 
 
 
 
 
 
 
 
 
Other realized investment gains (losses)
$
8,975

 
$
(37,426
)
 
$
(863
)
 
$
(32,899
)
 
 
 
OTTI losses
(834
)
 
(1,674
)
 
(4,870
)
 
(2,088
)
 
 
 
Total before tax
8,141

 
(39,100
)
 
(5,733
)
 
(34,987
)
 
 
 
Income tax (expense) benefit
(1,192
)
 
2,644

 
(652
)
 
(2,253
)
 
 
 
Net of tax
$
6,949

 
$
(36,456
)
 
$
(6,385
)
 
$
(37,240
)
 
 
 
 
 
 
 
 
 
 
 
 
(1)
Amounts in parentheses are decreases to net income (loss).