Accumulated Other Comprehensive Income (Loss) ("AOCI") (Tables)

9 Months Ended

Sep. 30, 2016

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, 2016:

(in thousands)	Unrealized gains (losses) on securities			Foreign currency translation adjustment			Pension benefit adjustment			Accumulated other comprehensive income (loss)
Balance at December 31, 2015	$	(16,401	)	$	(57,242	)	$	(165,357	)	$	(239,000	)
Change in unrealized gains (losses) on securities		83,390			—			—			83,390
Change in foreign currency translation adjustment		—			3,066			—			3,066
Amortization of net actuarial loss		—			—			21,153			21,153
Amortization of prior service cost		—			—			(3,633	)		(3,633	)
Tax effect		(31,303	)		—			(6,701	)		(38,004	)
Balance at September 30, 2016	$	35,686		$	(54,176	)	$	(154,538	)	$	(173,028	)
Allocated to the Company	$	35,662		$	(54,176	)	$	(154,538	)	$	(173,052	)
Allocated to noncontrolling interests		24			—			—			24
Balance at September 30, 2016	$	35,686		$	(54,176	)	$	(154,538	)	$	(173,028	)

Adjustments for Reclassification of Other Comprehensive Income (Loss)

The following table presents the other comprehensive income (loss) reclassification adjustments for the three months ended September 30, 2016 and 2015:

(in thousands)	Unrealized gains (losses) on securities			Foreign currency translation adjustment			Pension benefit adjustment			Total other comprehensive income (loss)
Three Months Ended September 30, 2016
Pretax change before reclassifications	$	12,435		$	(3,459	)	$	—		$	8,976
Reclassifications out of AOCI		(8,687	)		—			5,832			(2,855	)
Tax effect		(1,169	)		—			(2,230	)		(3,399	)
Total other comprehensive income (loss), net of tax	$	2,579		$	(3,459	)	$	3,602		$	2,722
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	)

The following table presents the other comprehensive income (loss) reclassification adjustments for the nine months ended September 30, 2016 and 2015:

(in thousands)	Unrealized gains (losses) on securities			Foreign currency translation adjustment			Pension benefit adjustment			Total other comprehensive income (loss)
Nine Months Ended September 30, 2016
Pretax change before reclassifications	$	96,612		$	3,066		$	—		$	99,678
Reclassifications out of AOCI		(13,222	)		—			17,520			4,298
Tax effect		(31,303	)		—			(6,701	)		(38,004	)
Total other comprehensive income (loss), net of tax	$	52,087		$	3,066		$	10,819		$	65,972
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	)

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
		2016			2015			2016			2015		consolidated statements of income
Unrealized gains (losses) on securities:
Net realized gains (losses) on sales of securities	$	8,687		$	108		$	13,707		$	(1,545	)	Net realized investment gains (losses)
Net other-than-temporary impairment losses		—			—			(485	)		—		Net realized investment gains (losses)
Pretax total	$	8,687		$	108		$	13,222		$	(1,545	)
Tax effect	$	(3,261	)	$	(33	)	$	(5,057	)	$	492
Pension benefit adjustment:
Amortization of employee benefit plan items:
Net actuarial loss	$	(7,043	)	$	(7,613	)	$	(21,153	)	$	(24,596	)	(1)
Prior service credit		1,211			1,041			3,633			3,122		(1)
Pretax total	$	(5,832	)	$	(6,572	)	$	(17,520	)	$	(21,474	)
Tax effect	$	2,229		$	2,514		$	6,701		$	8,214

(1) These components of AOCI are included in the computation of net periodic cost. See Note 10 Employee Benefit Plans for additional details.