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Other comprehensive income (loss)
 12 Months Ended
Dec. 31, 2018
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Other comprehensive income (loss)
Other comprehensive income (loss)
The following table summarizes the components of other comprehensive income (loss):
 
 
Year Ending December 31,
 
 
2018
 
2017
 
2016
 
 
(in thousands)
Unrealized (losses) gains arising during the period, before income taxes:
 
 
 
 
 
 
Fixed-maturity securities
 
$
(6,664
)
 
$
5,371

 
$
(2,798
)
Equity securities (1)
 
—

 
4,192

 
1,968

Total unrealized (losses) gains arising during the period, before income taxes
 
(6,664
)
 
9,563

 
(830
)
Income taxes
 
1,399

 
(3,094
)
 
290

Unrealized (losses) gains arising during the period, net of income taxes
 
(5,265
)
 
6,469

 
(540
)
Less reclassification adjustment:
 
 
 
 
 
 
Net realized investment gains on available-for-sale investments
 
258

 
132

 
154

Income taxes
 
(54
)
 
(47
)
 
(54
)
Reclassification adjustment included in net income
 
204

 
85

 
100

Other comprehensive (loss) income
 
$
(5,469
)
 
$
6,384

 
$
(640
)

(1) Adoption of ASU 2016-01, "Financial Instruments – Overall: Recognition and Measurement of Financial Assets
and Financial Liabilities," which was effective January 1, 2018, eliminated the available-for-sale classification for
equity investments and required changes in unrealized gains and losses in the fair value of equity securities to be
recognized in net income.
The sale of an available-for-sale security results in amounts being reclassified from accumulated other comprehensive income to realized gains or losses in current period earnings. The related tax effect of the reclassification adjustment is recorded in income tax expense in current period earnings. See Note 2 for additional information.