Supplemental Information about Changes to Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2024

Supplemental Information about Changes to Accumulated Other Comprehensive Income

Note 3—Supplemental Information about Changes to Accumulated Other Comprehensive Income

Components of Accumulated Other Comprehensive Income: An analysis of the change in balance by component of Accumulated Other Comprehensive Income is as follows for the three and six month periods ended June 30, 2024 and 2023:


	Three Months Ended June 30, 2024
	Available for Sale Assets		Future Policy Benefits		Foreign Exchange		Pension Adjustments		Total
Balance at April 1, 2024	$	(1,069,185)	$	(1,390,759)	$	(5,232)	$	(2,060)	$	(2,467,236)
Other comprehensive income (loss) before reclassifications, net of tax	(207,874)		479,042		506		—		271,674
Reclassifications, net of tax	5,846		—		—		96		5,942
Other comprehensive income (loss)	(202,028)		479,042		506		96		277,616
Balance at June 30, 2024	$	(1,271,213)	$	(911,717)	$	(4,726)	$	(1,964)	$	(2,189,620)


	Three Months Ended June 30, 2023
	Available for Sale Assets		Future Policy Benefits		Foreign Exchange		Pension Adjustments		Total
Balance at April 1, 2023	$	(1,016,764)	$	(1,938,707)	$	(6,829)	$	1,207	$	(2,961,093)
Other comprehensive income (loss) before reclassifications, net of tax	(271,681)		241,906		8,182		—		(21,593)
Reclassifications, net of tax	39,046		—		—		(257)		38,789
Other comprehensive income (loss)	(232,635)		241,906		8,182		(257)		17,196
Balance at June 30, 2023	$	(1,249,399)	$	(1,696,801)	$	1,353	$	950	$	(2,943,897)


	Six Months Ended June 30, 2024
	Available for Sale Assets		Future Policy Benefits		Foreign Exchange		Pension Adjustments		Total
Balance at January 1, 2024	$	(827,596)	$	(1,947,391)	$	4,719	$	(2,151)	$	(2,772,419)
Other comprehensive income (loss) before reclassifications, net of tax	(447,558)		1,035,674		(9,445)		—		578,671
Reclassifications, net of tax	3,941		—		—		187		4,128
Other comprehensive income (loss)	(443,617)		1,035,674		(9,445)		187		582,799
Balance at June 30, 2024	$	(1,271,213)	$	(911,717)	$	(4,726)	$	(1,964)	$	(2,189,620)


	Six Months Ended June 30, 2023
	Available for Sale Assets		Future Policy Benefits		Foreign Exchange		Pension Adjustments		Total
Balance at January 1, 2023	$	(1,420,672)	$	(1,369,204)	$	(1,681)	$	1,244	$	(2,790,313)
Other comprehensive income (loss) before reclassifications, net of tax	106,481		(327,597)		3,034		—		(218,082)
Reclassifications, net of tax	64,792		—		—		(294)		64,498
Other comprehensive income (loss)	171,273		(327,597)		3,034		(294)		(153,584)
Balance at June 30, 2023	$	(1,249,399)	$	(1,696,801)	$	1,353	$	950	$	(2,943,897)

Reclassification Adjustments: Reclassification adjustments out of Accumulated Other Comprehensive Income are presented below for the three and six month periods ended June 30, 2024 and 2023.


	Three Months Ended June 30,				Six Months Ended June 30,				Affected line items in the Statements of Operations
Component Line Item	2024		2023		2024		2023
Unrealized investment (gains) losses on available for sale assets:
Realized (gains) losses	$	10,217	$	50,347	$	9,989	$	83,471	Realized (gains) losses

Amortization of (discount) premium	(2,817)		(922)		(5,001)		(1,456)		Net investment income
Total before tax	7,400		49,425		4,988		82,015
Tax	(1,554)		(10,379)		(1,047)		(17,223)		Income taxes
Total after-tax	5,846		39,046		3,941		64,792
Pension adjustments:
Amortization of prior service cost	269		269		538		538		Other operating expense
Amortization of actuarial (gain) loss	(151)		(592)		(302)		(909)		Other operating expense
Total before tax	118		(323)		236		(371)
Tax	(22)		66		(49)		77		Income taxes
Total after-tax	96		(257)		187		(294)
Total reclassification (after-tax)	$	5,942	$	38,789	$	4,128	$	64,498