XML 11 R13.htm IDEA: XBRL DOCUMENT v3.20.1
Other Comprehensive (Loss) Income
 3 Months Ended
Mar. 31, 2020
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Other Comprehensive (Loss) Income Other Comprehensive (Loss) Income
The following table summarizes the components of other comprehensive (loss) income:
 
Three Months Ended
March 31,
 
2020
 
2019
 
(in thousands)
Unrealized (losses) gains arising during the period, before U.S. income taxes
$
(5,096
)
 
$
21,478

U.S. income taxes
1,378

 
(1,447
)
Unrealized (losses) gains arising during the period, net of U.S. income taxes
(3,718
)
 
20,031

Less reclassification adjustment:
 
 
 

Net realized investment gains (losses)
214

 
(228
)
U.S. income taxes
(13
)
 
(1
)
Reclassification adjustment for investment gains (losses) realized in net income
201

 
(229
)
Other comprehensive (loss) income
$
(3,919
)
 
$
20,260


In addition to the $214,000 of net realized investment gains and $228,000 of net realized investment losses on available-for-sale fixed maturities for the three months ended March 31, 2020 and 2019, respectively, the Company also recognized $45.2 million and $1.7 million of net realized and unrealized investment losses in the respective periods on its investments in bank loan participations and $13.5 million of net realized and unrealized losses and $3.5 million of net realized and unrealized gains in the respective periods on its investments in equity securities.