OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

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, 2022
Available for sale investments:
Unrealized gains (losses) arising during the year for which an allowance for expected credit losses has not been recognized	$	(1,171,381)	$	127,756	$	(1,043,625)
Unrealized gains (losses) arising during the year for which an allowance for expected credit losses has been recognized	(73,063)		5,913		(67,150)
Adjustment for reclassification of net realized (gains) losses and impairment losses recognized in net income (loss)	335,294		(30,369)		304,925
Unrealized gains (losses) arising during the year, net of reclassification adjustment	(909,150)		103,300		(805,850)
Foreign currency translation adjustment	(10,986)		—		(10,986)
Total other comprehensive income (loss), net of tax	$	(920,136)	$	103,300	$	(816,836)
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

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	Year ended December 31,
		2022		2021		2020
Unrealized gains (losses) on available for sale investments
	Other realized gains (losses)	$	(322,726)	$	94,771	$	91,866
	Impairment losses	(12,568)		(22)		(1,486)
	Total before tax	(335,294)		94,749		90,380
	Income tax (expense) benefit	30,369		(7,635)		(12,368)
	Net of tax	$	(304,925)	$	87,114	$	78,012

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