Accumulated Other Comprehensive Income (Loss)

The following table presents the rollforward of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2017 and 2016:



	Three Months Ended June 30, 2017
(In thousands)	Before Tax			Tax Effect			Net of Tax
Balance at beginning of period	$	(7,525	)	$	120		$	(7,405	)
Other comprehensive income (loss):
Unrealized holding gains arising during the period	12,663			(3,833		)	8,830
Less: Reclassification adjustment for gains included in net income (1)	(544		)	184			(360		)
Net unrealized gains on investments	12,119			(3,649		)	8,470
Other comprehensive income	12,119			(3,649		)	8,470
Balance at end of period	$	4,594		$	(3,529	)	$	1,065

	Six Months Ended June 30, 2017
(In thousands)	Before Tax			Tax Effect			Net of Tax
Balance at beginning of year	$	(14,436	)	$	2,181		$	(12,255	)
Other comprehensive income (loss):
Unrealized holding gains arising during the period	20,229			(6,122		)	14,107
Less: Reclassification adjustment for gains included in net income (1)	(1,199		)	412			(787		)
Net unrealized gains on investments	19,030			(5,710		)	13,320
Other comprehensive income	19,030			(5,710		)	13,320
Balance at end of period	$	4,594		$	(3,529	)	$	1,065



	Three Months Ended June 30, 2016
(In thousands)	Before Tax			Tax Effect			Net of Tax
Balance at beginning of period	$	19,734		$	(6,474	)	$	13,260
Other comprehensive income (loss):
Unrealized holding gains arising during the period	16,334			(5,185		)	11,149
Less: Reclassification adjustment for gains included in net income (1)	(583		)	136			(447		)
Net unrealized gains on investments	15,751			(5,049		)	10,702
Other comprehensive income	15,751			(5,049		)	10,702
Balance at end of period	$	35,485		$	(11,523	)	$	23,962

	Six Months Ended June 30, 2016
(In thousands)	Before Tax			Tax Effect			Net of Tax
Balance at beginning of year	$	661		$	(760	)	$	(99	)
Other comprehensive income (loss):
Unrealized holding gains arising during the period	35,885			(11,030		)	24,855
Less: Reclassification adjustment for gains included in net income (1)	(1,061		)	267			(794		)
Net unrealized gains on investments	34,824			(10,763		)	24,061
Other comprehensive income	34,824			(10,763		)	24,061
Balance at end of period	$	35,485		$	(11,523	)	$	23,962


(1)	Included in net realized investment gains on our condensed consolidated statements of comprehensive income.