OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Jun. 30, 2023

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):


	2023						2022
	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 (losses) arising during the period for which an allowance for expected credit losses has not been recognized	$	(112,993)	$	14,591	$	(98,402)	$	(482,284)	$	20,338	$	(461,946)
Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has been recognized	(51)		36		(15)		(2,180)		141		(2,039)
Adjustment for reclassification of net realized (gains) losses and impairment losses recognized in net income (loss)	40,157		(3,536)		36,621		93,813		(9,449)		84,364
Unrealized gains (losses) arising during the period, net of reclassification adjustment	(72,887)		11,091		(61,796)		(390,651)		11,030		(379,621)

Foreign currency translation adjustment	3,183		—		3,183		(6,193)		—		(6,193)


Total comprehensive income (loss), net of tax	$	(69,704)	$	11,091	$	(58,613)	$	(396,844)	$	11,030	$	(385,814)
Six months ended June 30,
Available for sale investments:
Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has not been recognized	$	46,744	$	(5,044)	$	41,700	$	(987,265)	$	85,494	$	(901,771)
Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has been recognized	9,013		(940)		8,073		(5,400)		233		(5,167)
Adjustment for reclassification of net realized (gains) losses and impairment losses recognized in net income (loss)	84,277		(6,907)		77,370		146,729		(17,023)		129,706
Unrealized gains (losses) arising during the period, net of reclassification adjustment	140,034		(12,891)		127,143		(845,936)		68,704		(777,232)

Foreign currency translation adjustment	2,648		—		2,648		(3,418)		—		(3,418)


Total other comprehensive income (loss), net of tax	$	142,682	$	(12,891)	$	129,791	$	(849,354)	$	68,704	$	(780,650)

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

The following table presents details of amounts reclassified from accumulated other comprehensive income (loss) ("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,
		2023		2022		2023		2022

Unrealized gains (losses) on available for sale investments
	Other realized gains (losses)	$	(31,074)	$	(93,340)	$	(75,194)	$	(146,147)
	Impairment losses	(9,083)		(473)		(9,083)		(582)

	Total before tax	(40,157)		(93,813)		(84,277)		(146,729)
	Income tax (expense) benefit	3,536		9,449		6,907		17,023
	Net of tax	$	(36,621)	$	(84,364)	$	(77,370)	$	(129,706)

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