Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2015

Accumulated Other Comprehensive Income Other Comprehensive Income [Abstract]

Components of Accumulated Other Comprehensive Income (Loss)

The following table presents a summary of the changes in each component of AOCI for the nine months ended September 30, 2015:

(in thousands)	Unrealized gains (losses) on securities			Foreign currency translation adjustment			Pension benefit adjustment			Accumulated other comprehensive income (loss)
Balance at December 31, 2014	$	10,911		$	(20,420	)	$	(189,580	)	$	(199,089	)
Change in unrealized gains (losses) on securities		(28,421	)		—			—			(28,421	)
Change in foreign currency translation adjustment		—			(29,210	)		—			(29,210	)
Amortization of net actuarial loss		—			—			24,596			24,596
Amortization of prior service cost		—			—			(3,122	)		(3,122	)
Tax effect		9,047			—			(8,214	)		833
Balance at September 30, 2015	$	(8,463	)	$	(49,630	)	$	(176,320	)	$	(234,413	)
Allocated to the Company	$	(8,463	)	$	(49,630	)	$	(176,320	)	$	(234,413	)
Allocated to noncontrolling interests		—			—			—			—
Balance at September 30, 2015	$	(8,463	)	$	(49,630	)	$	(176,320	)	$	(234,413	)

Adjustments for Reclassification of Accumulated Other Comprehensive Income (Loss)

The following table presents the other comprehensive income (loss) reclassification adjustments for the three months ended September 30, 2015 and 2014:

(in thousands)	Unrealized gains (losses) on securities			Foreign currency translation adjustment			Pension benefit adjustment			Total other comprehensive income (loss)
Three Months Ended September 30, 2015
Pretax change before reclassifications	$	(15,614	)	$	(15,416	)	$	—		$	(31,030	)
Reclassifications out of AOCI		(108	)		—			6,572			6,464
Tax effect		4,780			—			(2,514	)		2,266
Total other comprehensive income (loss), net of tax	$	(10,942	)	$	(15,416	)	$	4,058		$	(22,300	)
Three Months Ended September 30, 2014
Pretax change before reclassifications	$	(15,076	)	$	(12,557	)	$	—		$	(27,633	)
Reclassifications out of AOCI		(9,241	)		—			1,334			(7,907	)
Tax effect		9,582			—			(427	)		9,155
Total other comprehensive income (loss), net of tax	$	(14,735	)	$	(12,557	)	$	907		$	(26,385	)

The following table presents the other comprehensive income (loss) reclassification adjustments for the nine months ended September 30, 2015 and 2014:

(in thousands)	Unrealized gains (losses) on securities			Foreign currency translation adjustment			Pension benefit adjustment			Total other comprehensive income (loss)
Nine Months Ended September 30, 2015
Pretax change before reclassifications	$	(29,966	)	$	(29,210	)	$	—		$	(59,176	)
Reclassifications out of AOCI		1,545			—			21,474			23,019
Tax effect		9,047			—			(8,214	)		833
Total other comprehensive income (loss), net of tax	$	(19,374	)	$	(29,210	)	$	13,260		$	(35,324	)
Nine Months Ended September 30, 2014
Pretax change before reclassifications	$	35,317		$	(6,985	)	$	—		$	28,332
Reclassifications out of AOCI		(16,689	)		—			14,071			(2,618	)
Tax effect		(7,124	)		—			(5,381	)		(12,505	)
Total other comprehensive income (loss), net of tax	$	11,504		$	(6,985	)	$	8,690		$	13,209

Reclassifications out of Accumulated Other Comprehensive Income (Loss)

The following table presents the effect of the reclassifications out of AOCI on the respective line items in the condensed consolidated statements of income:

		Amounts reclassified from AOCI
(in thousands)		Three Months Ended September 30,						Nine Months Ended September 30,					Affected line items in the condensed
		2015			2014			2015			2014		consolidated statements of income
Unrealized gains (losses) on securities:
Net realized gains (losses) on sales of securities	$	108		$	9,241		$	(1,545	)	$	17,722		Net realized investment gains (losses)
Net other-than-temporary impairment losses		—			—			—			(1,033	)	Net realized investment gains (losses)
Pretax total	$	108		$	9,241		$	(1,545	)	$	16,689
Tax effect	$	(33	)	$	(3,641	)	$	492		$	(6,383	)
Pension benefit adjustment:
Amortization of defined benefit pension and supplemental benefit plan items:
Net actuarial loss	$	(7,613	)	$	(2,372	)	$	(24,596	)	$	(17,186	)	(1)
Prior service credit		1,041			1,038			3,122			3,115		(1)
Pretax total	$	(6,572	)	$	(1,334	)	$	(21,474	)	$	(14,071	)
Tax effect	$	2,514		$	427		$	8,214		$	5,381

(1) These components of AOCI are included in the computation of net periodic cost. See Note 9 Employee Benefit Plans for additional details.