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Other Comprehensive Income (Tables)
 12 Months Ended
Dec. 31, 2014
Other Comprehensive Income [Abstract]  
Other comprehensive income
Our other comprehensive income for the years ended December 31, 2014, 2013 and 2012 was as follows:

  
2014
 
  
 
Before tax
  
 
Tax effect
  
Valuation
allowance
  
 
Net of tax
 
  
(In thousands)
 
         
Other comprehensive income (loss):
        
Change in unrealized gains and losses on investments
 
$
91,782
  
$
(32,017
)
 
$
31,374
  
$
91,139
 
                 
Benefit plans adjustments
  
(52,112
)
  
18,239
   
(18,239
)
  
(52,112
)
                 
Unrealized foreign currency translation adjustment
  
(4,067
)
  
1,425
   
-
   
(2,642
)
                 
Other comprehensive income (loss)
 
$
35,603
  
$
(12,353
)
 
$
13,135
  
$
36,385
 

  
2013
 
  
 
Before tax
  
 
Tax effect
  
Valuation
allowance
  
 
Net of tax
 
  
(In thousands)
 
         
Other comprehensive income (loss):
        
Change in unrealized gains and losses on investments
 
$
(126,175
)
 
$
43,732
  
$
(41,148
)
 
$
(123,591
)
                 
Benefit plans adjustments
  
68,038
   
(23,813
)
  
23,813
   
68,038
 
                 
Unrealized foreign currency translation adjustment
  
(21,563
)
  
7,553
   
-
   
(14,010
)
                 
Other comprehensive income (loss)
 
$
(79,700
)
 
$
27,472
  
$
(17,335
)
 
$
(69,563
)
 
  
2012
 
  
 
Before tax
  
 
Tax effect
  
Valuation
allowance
  
 
Net of tax
 
  
(In thousands)
 
         
Other comprehensive income (loss):
        
Change in unrealized gains and losses on investments
 
$
(78,546
)
 
$
27,510
  
$
(27,623
)
 
$
(78,659
)
                 
Benefit plan adjustments
  
(1,221
)
  
428
   
(428
)
  
(1,221
)
                 
Unrealized foreign currency translation adjustment
  
2,452
   
(859
)
  
-
   
1,593
 
                 
Other comprehensive income (loss)
 
$
(77,315
)
 
$
27,079
  
$
(28,051
)
 
$
(78,287
)
Accumulated other comprehensive income (loss)
A rollforward of accumulated other comprehensive income (loss) for the years ended December 31, 2014, 2013, and 2012 , including amounts reclassified from accumulated other comprehensive income (loss), are included in the table below.

  
2014
 
  
Unrealized gains and
losses on available-
for-sale securities
  
Defined
benefit
plans
  
Foreign
currency
translation
  
Total
 
  
(In thousands)
 
         
Balance at December 31, 2013, before tax
 
$
(84,634
)
 
$
(3,766
)
 
$
11,184
  
$
(77,216
)
                 
Other comprehensive income (loss) before reclassifications
  
78,294
   
(45,182
)
  
(4,067
)
  
29,045
 
Less: Amounts reclassified from accumulated other comprehensive income (loss)
  
(13,488
)(1)
  
6,930
(2)
  
-
   
(6,558
)
Net current period other comprehensive income (loss)
  
91,782
   
(52,112
)
  
(4,067
)
  
35,603
 
                 
Balance at December 31, 2014, before tax
  
7,148
   
(55,878
)
  
7,117
   
(41,613
)
                 
Tax effect (3)
  
(64,699
)
  
26,940
   
(1,969
)
  
(39,728
)
                 
Balance at December 31, 2014, net of tax
 
$
(57,551
)
 
$
(28,938
)
 
$
5,148
  
$
(81,341
)
 
  
2013
 
 
Unrealized gains and
losses on available-
for-sale securities
Defined
benefit
plans
Foreign
currency
translation
 
 
Total
 
(In thousands)
         
Balance at December 31, 2012, before tax
 
$
41,541
  
$
(71,804
) 
$
32,747
  
$
2,484
 
                
Other comprehensive income (loss) before reclassifications
  
(112,667
)
 
68,039
   
(21,563
)
  
(66,191
)
Less: Amounts reclassified from accumulated other comprehensive income (loss)
 
13,508
(1)
1
(2)
 
-
 
13,509
Net current period other comprehensive income (loss)
  
(126,175
)
  
68,038
    
(21,563
)
  
(79,700
)
                  
Balance at December 31, 2013, before tax
  
(84,634
)
  
(3,766
)   
11,184
   
(77,216
)
                  
Tax effect (3)
  
(64,056
)
  
26,940
    
(3,394
)
  
(40,510
)
                  
Balance at December 31, 2013, net of tax
 
$
(148,690
)
  
$
23,174
   
$
7,790
  
$
(117,726
)

  
2012
 
 
Unrealized gains and
losses on available-
for-sale securities
Defined
benefit
plans
Foreign
currency
translation
 
 
Total
 
(In thousands)
           
Balance at December 31, 2011, before tax
 
$
120,087
   
$
(70,582
)
  
$
30,294
  
$
79,799
 
                   
Other comprehensive income (loss) before reclassifications
  
22,710
    
(2,296
)
   
2,453
   
22,867
 
Less: Amounts reclassified from accumulated other comprehensive income (loss)
 
101,256
(1)
 
(1,074
)
(2)
 
-
 
100,182
Net current period other comprehensive income (loss)
  
(78,546
)
   
(1,222
)
   
2,453
   
(77,315
)
                   
Balance at December 31, 2012, before tax
  
41,541
    
(71,804
)
   
32,747
   
2,484
 
                   
Tax effect (3)
  
(66,640
)
   
26,940
    
(10,947
)
  
(50,647
)
                   
Balance at December 31, 2012, net of tax
 
$
(25,099
)
  
$
(44,864
)
  
$
21,800
  
$
(48,163
)

(1)
During 2014, 2013 and 2012, net unrealized (losses) gains of ($13.5) million, $13.5 million and $101.3 million, respectively, were reclassified to the Consolidated Statement of Operations and included in Realized investment gains.
(2)
For the years ended December 31, 2014, 2013 and 2012, other comprehensive income (loss) related to benefit plans of $6.9 million, $1 thousand, and ($1.1) million, respectively, was reclassified to the Consolidated Statements of Operations and included in Underwriting and other expenses, net.
(3)
Tax effect does not approximate 35% due to amounts of tax benefits not provided in various periods due to our tax valuation allowance.