Note11. Accumulated Other Comprehensive Income (loss)

9 Months Ended

Sep. 30, 2015

Notes

Note11. Accumulated Other Comprehensive Income (loss)

Note11.                       Accumulated Other Comprehensive Income (Loss)

The components of other comprehensive income (loss) include (i) the after-tax net unrealized gains and losses on investment securities available-for-sale, including the subsequent increases and decreases in fair value of available-for-sale securities previously impaired and the non-credit related component of other-than-temporary impairments of fixed maturities and (ii) the after-tax unrealized gains and losses on a cash flow hedge.

Changes in the balances for each component of accumulated other comprehensive income, shown net of taxes, for the periods indicated were as follows (in thousands):

		Three Months Ended September 30, 2015
		Unrealized
		Gains (Losses) on
		Available-for Sale		Cash Flow
		Securities		Hedge		Total
Beginning balance	$	(3,184)	$	(33)	$	(3,217)
Other comprehensive income (loss) before reclassifications		1,834		20		1,854
Amounts reclassified from accumulated OCI		68		-		68
Net other comprehensive income (loss)		1,902		20		1,922
Less: Other comprehensive income attributable
to noncontrolling interests		(51)		-		(51)
Ending balance	$	(1,333)	$	(13)	$	(1,346)

		Three Months Ended September 30, 2014
		Unrealized
		Gains (Losses) on
		Available-for Sale		Cash Flow
		Securities		Hedge		Total
Beginning balance	$	(1,420)	$	(99)	$	(1,519)
Other comprehensive income (loss) before reclassifications		(587)		41		(546)
Amounts reclassified from accumulated OCI		(1,211)		-		(1,211)
Net other comprehensive income (loss)		(1,798)		41		(1,757)
Less: Other comprehensive income attributable
to noncontrolling interests		81		-		81
Ending balance	$	(3,137)	$	(58)	$	(3,195)

		Nine Months Ended September 30, 2015
		Unrealized
		Gains (Losses) on
		Available-for Sale		Cash Flow
		Securities		Hedge		Total
Beginning balance	$	72	$	(50)	$	22
Other comprehensive income (loss) before reclassifications		1,728		37		1,765
Amounts reclassified from accumulated OCI		(3,077)		-		(3,077)
Net other comprehensive income (loss)		(1,349)		37		(1,312)
Less: Other comprehensive income attributable
to noncontrolling interests		(61)		-		(61)
Acquired from noncontrolling interests		5		-		5
Ending balance	$	(1,333)	$	(13)	$	(1,346)

		Nine Months Ended September 30, 2014
		Unrealized
		Gains (Losses) on
		Available-for Sale		Cash Flow
		Securities		Hedge		Total
Beginning balance	$	(10,350)	$	(122)	$	(10,472)
Other comprehensive income (loss) before reclassifications		12,177		64		12,241
Amounts reclassified from accumulated OCI		(4,832)		-		(4,832)
Net other comprehensive income (loss)		7,345		64		7,409
Less: Other comprehensive income attributable
to noncontrolling interests		(132)		-		(132)
Ending balance	$	(3,137)	$	(58)	$	(3,195)

Presented below are the amounts reclassified out of accumulated other comprehensive income (loss) and recognized in earnings for each of the periods indicated (in thousands):

		Three Months Ended				Nine months Ended
		September 30,				September 30,
		2015		2014		2015		2014
Unrealized gains (losses) on available-for-sale securities
reclassified during the period to the following income
statement line items:
Net realized investment gains (losses)	$	122	$	1,535	$	5,001	$	7,022
Net impairment losses recognized in earnings		(228)		-		(228)		-
Income (loss) before income tax		(106)		1,535		4,773		7,022
Tax effect		(38)		324		1,696		2,190
Net income (loss)	$	(68)	$	1,211	$	3,077	$	4,832