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Other Comprehensive (Loss) Income (Tables)
 12 Months Ended
Dec. 31, 2015
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Other comprehensive income
The pretax components of our other comprehensive (loss) income and related income tax benefit (expense) for the years ended December 31, 2015, 2014 and 2013 are included in the table below:
(In thousands)
 
2015
 
2014
 
2013
Net unrealized investment (losses) gains arising during the year
 
$
(33,718
)
 
$
91,782

 
$
(126,175
)
Income tax benefit (expense)
 
11,738

 
(32,017
)
 
43,732

Valuation allowance (1)
 
62,383

 
31,374

 
(41,148
)
Net of taxes
 
40,403

 
91,139

 
(123,591
)
 
 
 
 
 
 
 
Net changes in benefit plan assets and obligations
 
(12,818
)
 
(52,112
)
 
68,038

Income tax benefit (expense)
 
4,487

 
18,239

 
(23,813
)
Valuation allowance (1)
 
(7,383
)
 
(18,239
)
 
23,813

Net of taxes
 
(15,714
)
 
(52,112
)
 
68,038

 
 
 
 
 
 
 
Net changes in unrealized foreign currency translation adjustment
 
(5,699
)
 
(4,067
)
 
(21,563
)
Income tax benefit
 
2,000

 
1,425

 
7,553

Valuation allowance (1)
 
(529
)
 
—

 
—

Net of taxes
 
(4,228
)
 
(2,642
)
 
(14,010
)
 
 
 
 
 
 
 
Total other comprehensive (loss) income
 
(52,235
)
 
35,603

 
(79,700
)
Total income tax benefit, net of valuation allowance
 
72,696

 
782

 
10,137

Total other comprehensive income, net of tax
 
$
20,461

 
$
36,385

 
$
(69,563
)

(1) See Note 14 – “Income Taxes” for a discussion of the valuation allowance recorded against deferred tax assets.
Reclassification out of accumulated other comprehensive income

The pretax and related income tax (expense) benefit components of the amounts reclassified from our accumulated other comprehensive loss to our consolidated statements of operations for the years ended December 31, 2015, 2014 and 2013 are included in the table below:
(In thousands)
 
2015
 
2014
 
2013
Reclassification adjustment for net realized gains (losses) included in net income (loss) (1)
 
$
11,693

 
$
(6,816
)
 
$
3,246

Income tax (expense) benefit
 
(4,076
)
 
2,402

 
(924
)
Valuation allowance (3)
 
3,635

 
(2,502
)
 
(349
)
Net of taxes
 
11,252

 
(6,916
)
 
1,973

 
 
 
 
 
 
 
Reclassification adjustment related to benefit plan assets and obligations (2)
 
2,184

 
6,930

 
1

Income tax expense
 
(764
)
 
(2,425
)
 
—

Valuation allowance (3)
 
574

 
2,425

 
—

Net of taxes
 
1,994

 
6,930

 
1

 
 
 
 
 
 
 
Total reclassifications
 
13,877

 
114

 
3,247

Total income tax expense, net of valuation allowance
 
(631
)
 
(100
)
 
(1,273
)
Total reclassifications, net of tax
 
$
13,246

 
$
14

 
$
1,974

(1) Increases (decreases) Net realized investment gains on the consolidated statements of operations.
(2) Decreases (increases) Other underwriting and operating expenses, net on the consolidated statements of operations.
(3) See Note 14 – “Income Taxes” for a discussion of the valuation allowance recorded against deferred tax assets.
Accumulated other comprehensive income (loss)
A rollforward of accumulated other comprehensive loss for the years ended December 31, 2015, 2014, and 2013, including amounts reclassified from accumulated other comprehensive loss, are included in the table below.
(In thousands)
 
Net unrealized gains and losses
on available-for-sale securities
 
Net benefit plan assets and obligations
recognized in shareholders' equity
 
Net unrealized foreign
currency translation
 
Total accumulated other
comprehensive loss
Balance, December 31, 2012, net of tax
 
$
(25,099
)
 
$
(44,864
)
 
$
21,800

 
$
(48,163
)
Other comprehensive income (loss) before reclassifications
 
(121,618
)
 
68,039

 
(14,010
)
 
(67,589
)
Less: Amounts reclassified from AOCL
 
1,973

 
1

 
—

 
1,974

Balance, December 31, 2013, net of tax
 
(148,690
)
 
23,174

 
7,790

 
(117,726
)
Other comprehensive income (loss) before reclassifications
 
84,223

 
(45,182
)
 
(2,642
)
 
36,399

Less: Amounts reclassified from AOCL
 
(6,916
)
 
6,930

 
—

 
14

Balance, December 31, 2014, net of tax
 
(57,551
)
 
(28,938
)
 
5,148

 
(81,341
)
Other comprehensive income (loss) before reclassifications
 
51,655

 
(13,720
)
 
(4,228
)
 
33,707

Less: Amounts reclassified from AOCL
 
11,252

 
1,994

 
—

 
13,246

Balance, December 31, 2015, net of tax
 
$
(17,148
)
 
$
(44,652
)
 
$
920

 
(60,880
)