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

3 Months Ended

Mar. 31, 2019

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, 2019:

(in thousands)	Unrealized gains (losses) on debt securities			Foreign currency translation adjustment			Pension benefit adjustment			Accumulated other comprehensive income (loss)
Balance at December 31, 2018	$	(42,165	)	$	(65,628	)	$	(52,780	)	$	(160,573	)
Change in unrealized gains (losses) on debt securities		77,806			—			—			77,806
Change in foreign currency translation adjustment		—			7,166			—			7,166
Amortization of net actuarial loss		—			—			915			915
Amortization of prior service credit		—			—			(1,018	)		(1,018	)
Tax effect		(18,301	)		(278	)		27			(18,552	)
Balance at March 31, 2019	$	17,340		$	(58,740	)	$	(52,856	)	$	(94,256	)
Allocated to the Company	$	17,339		$	(58,740	)	$	(52,856	)	$	(94,257	)
Allocated to noncontrolling interests		1			—			—			1
Balance at March 31, 2019	$	17,340		$	(58,740	)	$	(52,856	)	$	(94,256	)

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, 2019 and 2018:

(in thousands)	Unrealized gains (losses) on debt securities			Foreign currency translation adjustment			Pension benefit adjustment			Total other comprehensive income (loss)
Three Months Ended March 31, 2019
Pretax change before reclassifications	$	77,765		$	7,166		$	—		$	84,931
Reclassifications out of AOCI		41			—			(103	)		(62	)
Tax effect		(18,301	)		(278	)		27			(18,552	)
Total other comprehensive income (loss), net of tax	$	59,505		$	6,888		$	(76	)	$	66,317
Three Months Ended March 31, 2018
Pretax change before reclassifications	$	(61,483	)	$	(3,752	)	$	—		$	(65,235	)
Reclassifications out of AOCI		569			—			160			729
Tax effect		14,118			—			(40	)		14,078
Total other comprehensive income (loss), net of tax	$	(46,796	)	$	(3,752	)	$	120		$	(50,428	)

Reclassifications out of Accumulated Other Comprehensive Income (Loss)

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

(in thousands)	Amounts reclassified from AOCI						Affected line items in the condensed consolidated statements of income
	Three Months Ended March 31,
	2019				2018
Unrealized gains (losses) on debt securities:
Net realized losses on sales of debt securities	$	(41	)	$	(569	)	Net realized investment gains (losses)
Pretax total	$	(41	)	$	(569	)
Tax effect	$	10		$	132
Pension benefit adjustment (1):
Amortization of net actuarial loss	$	(915	)	$	(1,205	)	Other operating expenses
Amortization of prior service credit		1,018			1,045		Other operating expenses
Pretax total	$	103		$	(160	)
Tax effect	$	(27	)	$	40

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