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Other Comprehensive (Loss) Income
 3 Months Ended
Mar. 31, 2022
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Other Comprehensive Income Other Comprehensive Loss
The following table summarizes the components of other comprehensive loss for the three months ended March 31, 2022 and 2021:
Three Months Ended March 31,
20222021
(in thousands)
Unrealized losses on fixed-maturity securities arising during the period, before income taxes$(80,485)$(23,650)
Income tax benefit16,902 4,966 
Unrealized losses arising during the period, net of income taxes(63,583)(18,684)
Less reclassification adjustment:
Net realized gains on fixed-maturity securities, before income taxes439 1,188 
Income tax expense(92)(250)
Reclassification adjustment included in net income, net of income taxes347 938 
Other comprehensive loss$(63,930)$(19,622)

The sale of an available-for-sale fixed-maturity security results in amounts being reclassified from accumulated other comprehensive income (loss) 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.