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Other Comprehensive (Loss) Income
9 Months Ended
Sep. 30, 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 income (loss) for the three and nine months ended September 30, 2019 and 2018:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2019
 
2018
 
2019
 
2018
 
 
(in thousands)
Unrealized gains (losses) on fixed-maturity securities arising during the period, before income taxes
 
$
4,166

 
$
(2,472
)
 
$
21,362

 
$
(9,665
)
Income taxes
 
(875
)
 
519

 
(4,486
)
 
2,030

Unrealized gains (losses) arising during the period, net of income taxes
 
3,291

 
(1,953
)
 
16,876

 
(7,635
)
Less reclassification adjustment:
 
 
 
 
 
 
 
 
Net realized gains on fixed-maturity securities, before income taxes
 
61

 

 
378

 
240

Income taxes
 
(12
)
 

 
(79
)
 
(50
)
Reclassification adjustment included in net income, net of income taxes
 
49

 

 
299

 
190

Other comprehensive income (loss)
 
$
3,242

 
$
(1,953
)
 
$
16,577

 
$
(7,825
)

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.