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Other Comprehensive Income (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2017 and 2016 are included in the following table.
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In thousands)
 
2017
 
2016
 
2017
 
2016
Net unrealized investment gains (losses) arising during the period
 
$
17,761

 
$
(22,206
)
 
$
76,022

 
$
142,852

Income tax (expense) benefit
 
(6,217
)
 
7,772

 
(26,608
)
 
(50,121
)
Net of taxes
 
11,544

 
(14,434
)
 
49,414

 
92,731

 
 
 
 
 
 
 
 
 
Net changes in benefit plan assets and obligations
 
(226
)
 
(370
)
 
(680
)
 
(1,110
)
Income tax benefit
 
79

 
129

 
238

 
388

Net of taxes
 
(147
)
 
(241
)
 
(442
)
 
(722
)
 
 
 
 
 
 
 
 
 
Net changes in unrealized foreign currency translation adjustment
 
—

 
(16
)
 
45

 
(1,496
)
Income tax benefit (expense)
 
—

 
6

 
(14
)
 
522

Net of taxes
 
—

 
(10
)
 
31

 
(974
)
 
 
 
 
 
 
 
 
 
Total other comprehensive income (loss)
 
17,535

 
(22,592
)
 
75,387

 
140,246

Total income tax (expense) benefit
 
(6,138
)
 
7,907

 
(26,384
)
 
(49,211
)
Total other comprehensive income (loss), net of tax
 
$
11,397

 
$
(14,685
)
 
$
49,003

 
$
91,035
Reclassification out of accumulated other comprehensive income
The pretax and related income tax benefit (expense) components of the amounts reclassified from our accumulated other comprehensive loss (“AOCL”) to our consolidated statements of operations for the three and nine months ended September 30, 2017 and 2016 are included in the following table.
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In thousands)
 
2017
 
2016
 
2017
 
2016
Reclassification adjustment for net realized (losses) gains (1)
 
$
(427
)
 
$
5,248

 
$
(2,566
)
 
$
5,958

Income tax benefit (expense)
 
150

 
(1,837
)
 
898

 
(1,963
)
Net of taxes
 
(277
)
 
3,411

 
(1,668
)
 
3,995

 
 
 
 
 
 
 
 
 
Reclassification adjustment related to benefit plan assets and obligations (2)
 
226

 
370

 
680

 
1,110

Income tax (expense)
 
(79
)
 
(129
)
 
(238
)
 
(388
)
Net of taxes
 
147

 
241

 
442

 
722

 
 
 
 
 
 
 
 
 
Reclassification adjustment related to foreign currency (3)
 
—

 
—

 
—

 
1,467

Income tax (expense)
 
—

 
—

 
—

 
(513
)
Net of taxes
 
—

 
—

 
—

 
954

 
 
 
 
 
 
 
 
 
Total reclassifications
 
(201
)
 
5,618

 
(1,886
)
 
8,535

Total income tax benefit (expense)
 
71

 
(1,966
)
 
660

 
(2,864
)
Total reclassifications, net of tax
 
$
(130
)
 
$
3,652

 
$
(1,226
)
 
$
5,671


(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 nine months ended September 30, 2017, including amounts reclassified from AOCL, are included in the table below.
 
 
Nine Months Ended September 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
 
47,746

 
—

 
31

 
47,777

Less: Amounts reclassified from AOCL
 
(1,668
)
 
442

 
—

 
(1,226
)
Balance, September 30, 2017, net of tax
$
28,617

 
$
(54,714
)
 
$
—

 
$
(26,097
)