Other Comprehensive Income

The pretax and related income tax (expense) benefit components of our other comprehensive income (loss) for the three months ended March 31, 2019 and 2018 are included in table 9.1 below.



Components of other comprehensive income (loss)
Table	9.1
		Three Months Ended March 31,
(In thousands)		2019			2018
Net unrealized investment gains (losses) arising during the period		$	102,621		$	(81,587	)
Income tax (expense) benefit		(21,550		)	17,134
Net of taxes		81,071			(64,453		)

Net changes in benefit plan assets and obligations		2,089			625
Income tax expense		(439		)	(131		)
Net of taxes		1,650			494

Total other comprehensive income (loss)		104,710			(80,962		)
Total income tax (expense) benefit		(21,989		)	17,003
Total other comprehensive income (loss), net of tax		$	82,721		$	(63,959	)

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 months ended March 31, 2019 and 2018 are included in table 9.2 below.



Reclassifications from AOCL
Table	9.2
		Three Months Ended March 31,
(In thousands)		2019			2018
Reclassification adjustment for net realized (losses) ⁽¹⁾		$	(2,679	)	$	(91	)
Income tax benefit		563			19
Net of taxes		(2,116		)	(72		)

Reclassification adjustment related to benefit plan assets and obligations ⁽²⁾		(2,089		)	(625		)
Income tax benefit (expense)		439			131
Net of taxes		(1,650		)	(494		)

Total reclassifications		(4,768		)	(716		)
Total income tax benefit		1,002			150
Total reclassifications, net of tax		$	(3,766	)	$	(566	)


⁽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.

A rollforward of AOCL for the three months ended March 31, 2019, including amounts reclassified from AOCL, are included in table 9.3 below.



Rollforward of AOCL
Table	9.3
		Three Months Ended March 31, 2019
(In thousands)		Net unrealized gains and (losses) on available-for-sale securities			Net benefit plan assets and (obligations) recognized in shareholders' equity			Total AOCL
Balance, December 31, 2018, net of tax		$	(35,389	)	$	(88,825	)	$	(124,214	)
Other comprehensive income before reclassifications		78,955			—			78,955
Less: Amounts reclassified from AOCL		(2,116		)	(1,650		)	(3,766		)
Balance, March 31, 2019, net of tax		$	45,682		$	(87,175	)	$	(41,493	)