Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2024

The changes in the components of other comprehensive income (loss) are reported net of the effects of income taxes of 21% for domestic entities and 4% for Puerto Rican entities for the three and nine months ended September 30, 2024 and 2023, as indicated below.


Three Months Ended September 30,	2024				2023
(In thousands)	Amount		Tax Effect	Total	Amount	Tax Effect	Total
Unrealized gains (losses):
Unrealized holding gains (losses) arising during the period	$	59,101	(4,360)	54,741	(59,817)	8,717	(51,100)
Reclassification adjustment for losses (gains) included in net income (loss)	(100)		21	(79)	419	(88)	331
Unrealized holding gains (losses), net	59,001		(4,339)	54,662	(59,398)	8,629	(50,769)
Change in current discount rate for liability for future policy benefits	(45,404)		3,983	(41,421)	60,054	(7,589)	52,465
Other comprehensive income (loss)	$	13,597	(356)	13,241	656	1,040	1,696

Nine Months Ended September 30,	2024				2023
(In thousands)	Amount		Tax Effect	Total	Amount	Tax Effect	Total
Unrealized gains (losses):
Unrealized holding gains (losses) arising during the period	$	31,427	(2,169)	29,258	(36,811)	7,548	(29,263)
Reclassification adjustment for losses (gains) included in net income	547		(115)	432	481	(101)	380
Unrealized holding gains (losses), net	31,974		(2,284)	29,690	(36,330)	7,447	(28,883)
Change in current discount rate for liability for future policy benefits	(5,887)		(331)	(6,218)	45,825	(6,565)	39,260

Other comprehensive income (loss)	$	26,087	(2,615)	23,472	9,495	882	10,377