OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

TAX EFFECTS ALLOCATED TO EACH COMPONENT OF OTHER COMPREHENSIVE INCOME (LOSS)

The following table presents the tax effects allocated to each component of other comprehensive income (loss):

	Before tax amount		Income tax (expense) benefit		Net of tax amount
Year ended December 31, 2021
Available for sale investments:
Unrealized gains (losses) arising during the year for which an allowance for expected credit losses has not been recognized	$	(310,710)	$	39,263	$	(271,447)
Unrealized gains (losses) arising during the year for which an allowance for expected credit losses has been recognized	81		—		81
Adjustment for reclassification of net realized (gains) losses and impairment losses recognized in net income (loss)	(94,749)		7,635		(87,114)
Unrealized gains (losses) arising during the year, net of reclassification adjustment	(405,378)		46,898		(358,480)
Foreign currency translation adjustment	621		—		621
Total other comprehensive income (loss), net of tax	$	(404,757)	$	46,898	$	(357,859)
Year ended December 31, 2020
Available for sale investments:
Unrealized gains (losses) arising during the year for which an allowance for expected credit losses has not been recognized	$	360,357	$	(43,191)	$	317,166
Unrealized gains (losses) arising during the year for which an allowance for expected credit losses has been recognized	(40)		—		(40)
Adjustment for reclassification of net realized (gains) losses and impairment losses recognized in net income (loss)	(90,380)		12,368		(78,012)
Unrealized gains (losses) arising during the year, net of reclassification adjustment	269,937		(30,823)		239,114
Foreign currency translation adjustment	3,571		—		3,571
Total other comprehensive income (loss), net of tax	$	273,508	$	(30,823)	$	242,685
Year ended December 31, 2019
Available for sale investments:
Unrealized gains (losses) arising during the year	$	414,982	$	(40,367)	$	374,615
Adjustment for reclassification of net realized (gains) losses and OTTI losses recognized in net income (loss)	(29,618)		4,889		(24,729)
Unrealized gains (losses) arising during the year, net of reclassification adjustment	385,364		(35,478)		349,886
Foreign currency translation adjustment	(1,066)		—		(1,066)
Total other comprehensive income (loss), net of tax	$	384,298	$	(35,478)	$	348,820

RECLASSIFICATIONS OUT OF AOCI INTO NET INCOME AVAILABLE TO COMMON SHAREHOLDERS

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

income (loss):

		Amounts reclassified from AOCI(1)
AOCI components	Consolidated statement of operations line item that includes reclassification adjustment	Years ended December 31,
		2021		2020		2019
Unrealized gains (losses) on available for sale investments
	Other realized gains (losses)	$	94,771	$	91,866	$	36,602
	Impairment losses	(22)		(1,486)		—
	OTTI losses	—		—		(6,984)
	Total before tax	94,749		90,380		29,618
	Income tax (expense) benefit	(7,635)		(12,368)		(4,889)
	Net of tax	$	87,114	$	78,012	$	24,729
Foreign currency translation adjustments(2)
	Foreign exchange gains (losses)	$	—	$	—	$	6,043
	Income tax (expense) benefit	—		—		—
	Net of tax	$	—	$	—	$	6,043

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

(2)    The Company released the cumulative translation adjustment related to Aviabel Re S.A of $6 million from AOCI in the consolidation balance sheet to foreign exchange losses (gains) in the consolidated statement of operations associated with the liquidation of that entity on December 18, 2019.