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Other comprehensive income (loss)
 12 Months Ended
Dec. 31, 2019
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,
 
 
2019
 
2018
 
2017
 
 
(in thousands)
Unrealized gains (losses) arising during the period, before income taxes:
 
 
 
 
 
 
Fixed-maturity securities
 
$
19,190

 
$
(6,664
)
 
$
5,371

Equity securities (1)
 
—

 
—

 
4,192

Total unrealized gains (losses) arising during the period, before income taxes
 
19,190

 
(6,664
)
 
9,563

Income taxes
 
(4,029
)
 
1,399

 
(3,094
)
Unrealized gains (losses) arising during the period, net of income taxes
 
15,161

 
(5,265
)
 
6,469

Less reclassification adjustment:
 
 
 
 
 
 
Net realized investment gains on available-for-sale investments
 
489

 
258

 
132

Income taxes
 
(102
)
 
(54
)
 
(47
)
Reclassification adjustment included in net income
 
387

 
204

 
85

Other comprehensive income (loss)
 
$
14,774

 
$
(5,469
)
 
$
6,384


(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 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.