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Other Comprehensive Income
6 Months Ended
Jun. 30, 2020
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Other Comprehensive Income Other Comprehensive Income
The following table summarizes the components of other comprehensive income:
 Three Months Ended
June 30,
Six Months Ended
June 30,
 2020201920202019
 (in thousands)
Unrealized gains arising during the period, before U.S. income taxes$53,545  $22,928  $48,449  $44,406  
U.S. income taxes(6,937) (1,908) (5,559) (3,355) 
Unrealized gains arising during the period, net of U.S. income taxes46,608  21,020  42,890  41,051  
Less reclassification adjustment:   
Net realized investment gains305  331  520  103  
U.S. income taxes(10) (43) (24) (44) 
Reclassification adjustment for investment gains realized in net income295  288  496  59  
Other comprehensive income$46,313  $20,732  $42,394  $40,992  
In addition to the $305,000 and $520,000 of net realized investment gains on available-for-sale fixed maturities for the three and six months ended June 30, 2020, respectively ($331,000 and $103,000 of net realized investment gains for the three and six months ended June 30, 2019, respectively), the Company also recognized $17.1 million of net realized and unrealized investment gains and $28.0 million of net realized and unrealized investment losses in the respective periods on its investments in bank loan participations ($1.2 million and $2.9 million of net realized investment losses in the prior year respective periods) and $4.0 million of net realized and unrealized gains and $9.4 million of net realized and unrealized losses in the respective periods on its investments in equity securities ($1.9 million and $5.4 million of net realized and unrealized gains in the prior year respective periods).