Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2022

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

6. Accumulated Other Comprehensive Income

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

	Nine Months Ended September 30,
	2022		2021
		(in thousands)
Beginning Balance	$	5,312	$	13,246
Other comprehensive income (loss) before reclassification		(60,983)		(6,177)
Federal income tax expense		12,806		1,297
Other comprehensive income (loss) before reclassification, net of tax		(48,177)		(4,880)
Amounts reclassified from AOCI		299		(334)
Federal income tax expense		(63)		70
Amounts reclassified from AOCI, net of tax		236		(264)
Other comprehensive income (loss)		(47,941)		(5,144)
Balance at end of period	$	(42,629)	$	8,102