Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

Other Comprehensive Income (Loss)

The changes in the components of other comprehensive income (loss) are reported net of the effects of income taxes of 21% in 2020, 2019 and 2018, as indicated below.

(In thousands)	Amount		Tax Effect	Total
Year ended December 31, 2020
Unrealized gains (losses):
Unrealized holding gains (losses) arising during the period	$	84,010	(6,044)	77,966
Reclassification adjustment for (gains) losses included in net income	111		(23)	88
Effects on DAC	(37,372)		8,872	(28,500)
Effects on COIA	(98)		21	(77)
Effects on unearned revenue reserves	2,102		(441)	1,661
Other comprehensive income (loss)	$	48,753	2,385	51,138
Year ended December 31, 2019
Unrealized gains (losses):
Unrealized holding gains (losses) arising during the period	$	78,744	(5,535)	73,209
Reclassification adjustment for (gains) losses included in net income	(1,927)		405	(1,522)
Effects on DAC	(484)		102	(382)
Effects on COIA	(224)		47	(177)
Effects on unearned revenue reserves	789		(166)	623
Other comprehensive income (loss)	$	76,898	(5,147)	71,751
Year ended December 31, 2018
Unrealized gains (losses):
Unrealized holding gains (losses) arising during the period	$	(34,357)	6,520	(27,837)
Reclassification adjustment for (gains) losses included in net income	(953)		200	(753)
Unrealized gain from held-to-maturity transferred to available-for-sale	3,588		(218)	3,370
Effects on DAC	223		(123)	100
Effects on COIA	184		(87)	97
Effects on unearned revenue reserves	(277)		172	(105)
Other comprehensive income (loss)	$	(31,592)	6,464	(25,128)