Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024
(In thousands)	Before Tax			Tax Effect			Net of Tax
Balance at beginning of period	$	(418,799	)	$	(87,948	)	$	(330,851	)
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		(33,861	)		(7,111	)		(26,750	)
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		(9,406	)		(1,975	)		(7,431	)
Net unrealized gains (losses) on investments		(24,455	)		(5,136	)		(19,319	)
Other adjustments to comprehensive income (loss), net		(86	)		(18	)		(68	)
Other comprehensive income (loss)		(24,541	)		(5,154	)		(19,387	)
Balance at end of period	$	(443,340	)	$	(93,102	)	$	(350,238	)

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	)
	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 (losses) 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	)

(1)Included in net gains (losses) on investments and other financial instruments in our consolidated statements of operations.