OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Jun. 30, 2020

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):


	2020										2019
	Before tax amount		Income tax (expense) benefit		Net of tax amount		Before tax amount		Income tax (expense) benefit		Net of Tax Amount

Three months ended June 30,
Available for sale investments:
Unrealized gains arising during the period for which an allowance for expected credit losses has not been recognized	$	412,802	$	(41,514)	$	371,288	$	146,907	$	(15,465)	$	131,442
Unrealized gains arising during the period for which an allowance for expected credit losses has been recognized	3,342		(130)		3,212		—		—		—
Adjustment for reclassification of net realized (gains) losses, impairment losses and OTTI losses recognized in net income (loss)	(9,610)		2,794		(6,816)		(8,141)		1,192		(6,949)
Unrealized gains arising during the period, net of reclassification adjustment	406,534		(38,850)		367,684		138,766		(14,273)		124,493

Foreign currency translation adjustment	3,834		—		3,834		2,556		—		2,556


Total other comprehensive income, net of tax	$	410,368	$	(38,850)	$	371,518	$	141,322	$	(14,273)	$	127,049

Six months ended June 30,
Available for sale investments:
Unrealized gains arising during the period for which an allowance for expected credit losses has not been recognized	$	140,018	$	(22,050)	$	117,968	$	353,712	$	(32,061)	$	321,651
Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has be recognized	(2,757)		(272)		(3,029)		—		—		—
Adjustment for reclassification of net realized (gains) losses, impairment losses and OTTI losses recognized in net income (loss)	(5,484)		4,325		(1,159)		5,733		652		6,385
Unrealized gains arising during the period, net of reclassification adjustment	131,777		(17,997)		113,780		359,445		(31,409)		328,036

Foreign currency translation adjustment	(3,891)		—		(3,891)		5,219		—		5,219


Total other comprehensive income, net of tax	$	127,886	$	(17,997)	$	109,889	$	364,664	$	(31,409)	$	333,255

DETAILS OF AMOUNTS RECLASSIFIED FROM AOCI TO NET INCOME (LOSS)

The following table presents details of amounts reclassified from accumulated other comprehensive income ("AOCI") to net income (loss):


		Amount reclassified from AOCI⁽¹⁾
AOCI Components	Consolidated statement of operations line item that includes reclassification adjustment	Three months ended June 30,						Six months ended June 30,
				2020		2019		2020		2019

Unrealized gains on available for sale investments
	Other realized gains (losses)	$	9,722	$	8,975	$	6,786	$	(863)
	Impairment losses	(112)		—		(1,302)		—
	OTTI losses	—		(834)		—		(4,870)
	Total before tax	9,610		8,141		5,484		(5,733)
	Income tax (expense) benefit	(2,794)		(1,192)		(4,325)		(652)
	Net of tax	$	6,816	$	6,949	$	1,159	$	(6,385)

(1) Amounts in parentheses are charges to net income (loss).