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Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Other comprehensive income
The pretax and related income tax (expense) benefit components of our other comprehensive income (loss) for the three and six months ended June 30, 2017 and 2016 are included in the following table.
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
 
2017
 
2016
 
2017
 
2016
Net unrealized investment gains arising during the period
 
$
39,614

 
$
86,674

 
$
58,261

 
$
165,058

Income tax expense
 
(13,865
)
 
(30,336
)
 
(20,391
)
 
(57,893
)
Net of taxes
 
25,749

 
56,338

 
37,870

 
107,165

 
 
 
 
 
 
 
 
 
Net changes in benefit plan assets and obligations
 
(220
)
 
(266
)
 
(454
)
 
(740
)
Income tax benefit
 
78

 
93

 
159

 
259

Net of taxes
 
(142
)
 
(173
)
 
(295
)
 
(481
)
 
 
 
 
 
 
 
 
 
Net changes in unrealized foreign currency translation adjustment
 
—

 
16

 
45

 
(1,480
)
Income tax (expense) benefit
 
—

 
(5
)
 
(14
)
 
516

Net of taxes
 
—

 
11

 
31

 
(964
)
 
 
 
 
 
 
 
 
 
Total other comprehensive income
 
39,394

 
86,424

 
57,852

 
162,838

Total income tax expense
 
(13,787
)
 
(30,248
)
 
(20,246
)
 
(57,118
)
Total other comprehensive income, net of tax
 
$
25,607

 
$
56,176

 
$
37,606

 
$
105,720
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 (“AOCL”) to our consolidated statements of operations for the three and six months ended June 30, 2017 and 2016 are included in the following table.
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
 
2017
 
2016
 
2017
 
2016
Reclassification adjustment for net realized (losses) gains (1)
 
$
(1,392
)
 
$
98

 
$
(2,139
)
 
$
710

Income tax benefit (expense)
 
487

 
(34
)
 
748

 
(126
)
Net of taxes
 
(905
)
 
64

 
(1,391
)
 
584

 
 
 
 
 
 
 
 
 
Reclassification adjustment related to benefit plan assets and obligations (2)
 
220

 
266

 
454

 
740

Income tax expense
 
(78
)
 
(93
)
 
(159
)
 
(259
)
Net of taxes
 
142

 
173

 
295

 
481

 
 
 
 
 
 
 
 
 
Reclassification adjustment related to foreign currency (3)
 
—

 
—

 
—

 
1,467

Income tax expense
 
—

 
—

 
—

 
(513
)
Net of taxes
 
—

 
—

 
—

 
954

 
 
 
 
 
 
 
 
 
Total reclassifications
 
(1,172
)
 
364

 
(1,685
)
 
2,917

Total income tax benefit (expense)
 
409

 
(127
)
 
589

 
(898
)
Total reclassifications, net of tax
 
$
(763
)
 
$
237

 
$
(1,096
)
 
$
2,019


(1) 
Increases (decreases) Net realized investment (losses) gains on the consolidated statements of operations.
(2) 
Decreases (increases) Other underwriting and operating expenses, net on the consolidated statements of operations.
(3) 
Increases (decreases) Other revenue on the consolidated statements of operations.
Accumulated other comprehensive income (loss)
A rollforward of AOCL for the six months ended June 30, 2017, including amounts reclassified from AOCL, are included in the table below.
 
 
Six Months Ended June 30, 2017
(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, 2016, net of tax
$
(20,797
)
 
$
(54,272
)
 
$
(31
)
 
$
(75,100
)
Other comprehensive income before reclassifications
36,479

 
—

 
31

 
36,510

Less: Amounts reclassified from AOCL
 
(1,391
)
 
295

 
—

 
(1,096
)
Balance, June 30, 2017, net of tax
$
17,073

 
$
(54,567
)
 
$
—

 
$
(37,494
)