Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following tables show the rollforward of accumulated other comprehensive income (loss) as of the periods indicated.

Rollforward of accumulated other comprehensive income (loss)
	Year Ended December 31, 2023
(In thousands)	Before Tax		Tax Effect		Net of Tax
Balance at beginning of period	$	(578,228)	$	(121,429)	$	(456,799)
Other comprehensive income (loss)
Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected credit losses has not been recognized	145,465		30,548		114,917
Less: Reclassification adjustment for net gains (losses) on investments included in net income (1)
Net realized gains (losses) on disposals and non-credit related impairment losses	(13,737)		(2,885)		(10,852)
Net unrealized gains (losses) on investments	159,202		33,433		125,769
Other adjustments to comprehensive income, net	227		48		179
Other comprehensive income (loss)	159,429		33,481		125,948
Balance at end of period	$	(418,799)	$	(87,948)	$	(330,851)

Rollforward of accumulated other comprehensive income (loss)
	Year Ended December 31, 2022
(In thousands)	Before Tax		Tax Effect		Net of Tax
Balance at beginning of period	$	152,016	$	31,923	$	120,093
Other comprehensive income (loss)
Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected credit losses has not been recognized	(740,324)		(155,468)		(584,856)
Less: Reclassification adjustment for net gains (losses) on investments included in net income (1)
Net realized gains (losses) on disposals and non-credit related impairment losses	(9,974)		(2,094)		(7,880)
Net unrealized gains on investments	(730,350)		(153,374)		(576,976)
Other adjustments to comprehensive income, net	106		22		84
Other comprehensive income (loss)	(730,244)		(153,352)		(576,892)
Balance at end of period	$	(578,228)	$	(121,429)	$	(456,799)
	Year Ended December 31, 2021
(In thousands)	Before Tax		Tax Effect		Net of Tax
Balance at beginning of period	$	333,829	$	70,104	$	263,725
Other comprehensive income (loss)
Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected credit losses has not been recognized	(175,234)		(36,799)		(138,435)
Less: Reclassification adjustment for net gains (losses) on investments included in net income (1)
Net realized gains (losses) on disposals and non-credit related impairment losses	5,661		1,189		4,472
Net decrease (increase) in expected credit losses	918		193		725
Net unrealized gains on investments	(181,813)		(38,181)		(143,632)
Other comprehensive income (loss)	(181,813)		(38,181)		(143,632)
Balance at end of period	$	152,016	$	31,923	$	120,093
(1)Included in net gains (losses) on investments and other financial instruments in our consolidated statements of operations.