OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

OTHER COMPREHENSIVE INCOME (LOSS)

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 September 30,
Available for sale investments:
Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has not been recognized	$	105,932	$	(10,820)	$	95,112	$	45,939	$	(6,370)	$	39,569
Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has been recognized	218		2		220		—		—		—
Adjustment for reclassification of net realized (gains) losses, impairment losses and OTTI losses recognized in net income (loss)	(33,100)		3,970		(29,130)		(16,446)		1,638		(14,808)
Unrealized gains (losses) arising during the period, net of reclassification adjustment	73,050		(6,848)		66,202		29,493		(4,732)		24,761
Foreign currency translation adjustment	2,310		—		2,310		(4,610)		—		(4,610)
Total other comprehensive income, net of tax	$	75,360	$	(6,848)	$	68,512	$	24,883	$	(4,732)	$	20,151
Nine months ended September 30,
Available for sale investments:
Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has not been recognized	$	243,522	$	(33,139)	$	210,383	$	399,652	$	(38,432)	$	361,220
Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has been recognized	(110)		(2)		(112)		—		—		—
Adjustment for reclassification of net realized (gains) losses, impairment losses and OTTI losses recognized in net income (loss)	(38,584)		8,295		(30,289)		(10,713)		2,290		(8,423)
Unrealized gains (losses) arising during the period, net of reclassification adjustment	204,828		(24,846)		179,982		388,939		(36,142)		352,797
Foreign currency translation adjustment	(1,581)		—		(1,581)		609		—		609
Total other comprehensive income, net of tax	$	203,247	$	(24,846)	$	178,401	$	389,548	$	(36,142)	$	353,406

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 September 30,				Nine months ended September 30,
		2020		2019		2020		2019
Unrealized gains on available for sale investments
	Other realized gains (losses)	$	33,284	$	17,904	$	40,070	$	17,041
	Impairment losses	(184)				(1,486)		—
	OTTI losses	—		(1,458)		—		(6,328)
	Total before tax	33,100		16,446		38,584		10,713
	Income tax (expense) benefit	(3,970)		(1,638)		(8,295)		(2,290)
	Net of tax	$	29,130	$	14,808	$	30,289	$	8,423

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