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Other Comprehensive (Loss) Income (Tables)
 12 Months Ended
Dec. 31, 2016
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, 2016, 2015 and 2014 are included in the table below:
(In thousands)
 
2016
 
2015
 
2014
Net unrealized investment (losses) gains arising during the year
 
$
(5,425
)
 
$
(33,718
)
 
$
91,782

Income tax benefit (expense)
 
1,776

 
11,738

 
(32,017
)
Valuation allowance (1)
 
—

 
62,383

 
31,374

Net of taxes
 
(3,649
)
 
40,403

 
91,139

 
 
 
 
 
 
 
Net changes in benefit plan assets and obligations
 
(14,799
)
 
(12,818
)
 
(52,112
)
Income tax benefit
 
5,179

 
4,487

 
18,239

Valuation allowance (1)
 
—

 
(7,383
)
 
(18,239
)
Net of taxes
 
(9,620
)
 
(15,714
)
 
(52,112
)
 
 
 
 
 
 
 
Net changes in unrealized foreign currency translation adjustment
 
(1,463
)
 
(5,699
)
 
(4,067
)
Income tax benefit
 
512

 
2,000

 
1,425

Valuation allowance (1)
 
—

 
(529
)
 
—

Net of taxes
 
(951
)
 
(4,228
)
 
(2,642
)
 
 
 
 
 
 
 
Total other comprehensive (loss) income
 
(21,687
)
 
(52,235
)
 
35,603

Total income tax benefit, net of valuation allowance
 
7,467

 
72,696

 
782

Total other comprehensive (loss) income, net of tax
 
$
(14,220
)
 
$
20,461

 
$
36,385


(1) 
See Note 12 – “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, 2016, 2015 and 2014 are included in the table below:
(In thousands)
 
2016
 
2015
 
2014
Reclassification adjustment for net realized gains (losses) included in net income (1)
 
$
6,207

 
$
11,693

 
$
(6,816
)
Income tax (expense) benefit
 
(2,050
)
 
(4,076
)
 
2,402

Valuation allowance (2)
 
—

 
3,635

 
(2,502
)
Net of taxes
 
4,157

 
11,252

 
(6,916
)
 
 
 
 
 
 
 
Reclassification adjustment related to benefit plan assets and obligations (3)
 
1,480

 
2,184

 
6,930

Income tax expense
 
(518
)
 
(764
)
 
(2,425
)
Valuation allowance (2)
 
—

 
574

 
2,425

Net of taxes
 
962

 
1,994

 
6,930

 
 
 
 
 
 
 
Reclassification adjustment related to foreign currency (4)
 
1,467

 
—

 
—

Income tax expense
 
(513
)
 
—

 
—

Net of taxes
 
954

 
—

 
—

 
 
 
 
 
 
 
Total reclassifications
 
9,154

 
13,877

 
114

Total income tax expense, net of valuation allowance
 
(3,081
)
 
(631
)
 
(100
)
Total reclassifications, net of tax
 
$
6,073

 
$
13,246

 
$
14

(1) 
Increases (decreases) Net realized investment gains on the consolidated statements of operations.
(2) 
See Note 12 – “Income Taxes” for a discussion of the valuation allowance recorded against deferred tax assets.
(3) 
Decreases (increases) Other underwriting and operating expenses, net on the consolidated statements of operations.
(4) 
Increases (decreases) Other revenue on the consolidated statements of operations.
Accumulated other comprehensive income (loss)
A rollforward of accumulated other comprehensive loss ("AOCL") for the years ended December 31, 2016, 2015, and 2014, 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 AOCL
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
)
Other comprehensive income (loss) before reclassifications
 
508

 
(8,658
)
 
3

 
(8,147
)
Less: Amounts reclassified from AOCL
 
4,157

 
962

 
954

 
6,073

Balance, December 31, 2016, net of tax
 
$
(20,797
)
 
$
(54,272
)
 
$
(31
)
 
(75,100
)