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

3 Months Ended

Mar. 31, 2017

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 three months ended March 31, 2017:

(in thousands)	Unrealized gains (losses) on securities			Foreign currency translation adjustment			Pension benefit adjustment			Accumulated other comprehensive income (loss)
Balance at December 31, 2016	$	(26,760	)	$	(63,576	)	$	(140,057	)	$	(230,393	)
Change in unrealized gains (losses) on securities		39,632			—			—			39,632
Change in foreign currency translation adjustment		—			3,434			—			3,434
Amortization of net actuarial loss		—			—			6,933			6,933
Amortization of prior service credit		—			—			(1,211	)		(1,211	)
Tax effect		(14,181	)		—			(2,189	)		(16,370	)
Balance at March 31, 2017	$	(1,309	)	$	(60,142	)	$	(136,524	)	$	(197,975	)
Allocated to the Company	$	(1,323	)	$	(60,142	)	$	(136,524	)	$	(197,989	)
Allocated to noncontrolling interests		14			—			—			14
Balance at March 31, 2017	$	(1,309	)	$	(60,142	)	$	(136,524	)	$	(197,975	)

Adjustments for Reclassification of Other Comprehensive Income (Loss)

The following table presents the other comprehensive income (loss) reclassification adjustments for the three months ended March 31, 2017 and 2016:

(in thousands)	Unrealized gains (losses) on securities			Foreign currency translation adjustment		Pension benefit adjustment			Total other comprehensive income (loss)
Three Months Ended March 31, 2017
Pretax change before reclassifications	$	39,624		$	3,434	$	—		$	43,058
Reclassifications out of AOCI		8			—		5,722			5,730
Tax effect		(14,181	)		—		(2,189	)		(16,370	)
Total other comprehensive income (loss), net of tax	$	25,451		$	3,434	$	3,533		$	32,418
Three Months Ended March 31, 2016
Pretax change before reclassifications	$	49,794		$	12,104	$	—		$	61,898
Reclassifications out of AOCI		2,099			—		5,826			7,925
Tax effect		(20,066	)		—		(2,230	)		(22,296	)
Total other comprehensive income (loss), net of tax	$	31,827		$	12,104	$	3,596		$	47,527

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
	Three Months Ended March 31,							Affected line items in the condensed
(in thousands)	2017				2016			consolidated statements of income
Unrealized gains (losses) on securities:
Net realized gains (losses) on sales of securities	$	(8	)	$	(1,614	)		Net realized investment (losses) gains
Net other-than-temporary impairment losses		—			(485	)		Net realized investment (losses) gains
Pretax total	$	(8	)	$	(2,099	)
Tax effect	$	3		$	812
Pension benefit adjustment:
Amortization of net actuarial loss	$	(6,933	)	$	(7,037	)	(1	)
Amortization of prior service credit		1,211			1,211		(1	)
Pretax total	$	(5,722	)	$	(5,826	)
Tax effect	$	2,189		$	2,230

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