Accumulated Other Comprehensive Income

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

9. Accumulated Other Comprehensive Income

Changes in accumulated other comprehensive income (AOCI) are as follows:

	Six Months Ended June 30,
	2019		2018
		(in thousands)
Balance as of January 1	$	(563)	$	2,993
Effect of equity accounting guidance adoption		—		(3,215)
Beginning Balance		(563)		(222)
Other comprehensive income (loss) before reclassification		6,444		(1,137)
Federal income taxes		(917)		28
Other comprehensive income (loss) before reclassification, net of tax		5,527		(1,109)
Amounts reclassified from AOCI		(53)		146
Federal income taxes		11		(27)
Amounts reclassified from AOCI, net of tax		(42)		119
Other comprehensive income (loss)		5,485		(990)
Balance at end of period	$	4,922	$	(1,212)

15. Accumulated Other Comprehensive Income

Changes in accumulated other comprehensive income (AOCI) are as follows:

	December 31,
	2018		2017		2016
	(in thousands)
Balance as of January 1	$	2,993	$	1,017	$	(459)
Effect of equity accounting guidance adoption		(3,215)		—		—
Beginning Balance		(222)		1,017		(459)
Other comprehensive (loss) income before reclassification		(740)		2,834		2,708
Federal income (taxes) benefit		76		(772)		(899)
Other comprehensive (loss) income before reclassification, net of tax		(664)		2,062		1,809
Amounts reclassified from AOCI		399		(608)		(499)
Federal income (taxes) benefit		(76)		68		166
Amounts reclassified from AOCI, net of tax		323		(540)		(333)
Other comprehensive (loss) income		(341)		1,522		1,476
Effect of new tax rates from Tax Reform		—		454		—
Balance as of December 31	$	(563)	$	2,993	$	1,017