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Other Comprehensive (Loss) Income
 3 Months Ended
Mar. 31, 2019
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Other Comprehensive Income
Other comprehensive income (loss)
The following table summarizes the components of other comprehensive (loss) income for the three months ended March 31, 2019 and 2018:
 
 
Three Months Ended March 31,
 
 
2019
 
2018
 
(in thousands)
Unrealized gains (losses) on fixed-maturity securities arising during the period, before income taxes:
 
$
8,873

 
$
(6,092
)
Income taxes
 
(1,863
)
 
1,279

Unrealized gains (losses) arising during the period, net of income taxes
 
7,010

 
(4,813
)
Less reclassification adjustment:
 
 
 
 
Net realized gains on fixed-maturity securities, before income taxes
 
292

 
55

Income taxes
 
(62
)
 
(12
)
Reclassification adjustment included in net income, net of income taxes
 
230

 
43

Other comprehensive income (loss)
 
$
6,780

 
$
(4,856
)

The sale of an available-for-sale fixed-maturity 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.