Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2025

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) for the periods indicated.

Rollforward of accumulated other comprehensive income (loss)
	Three Months Ended March 31, 2025
(In thousands)	Before Tax			Tax Effect			Net of Tax
Balance at beginning of period	$	(443,340	)	$	(93,102	)	$	(350,238	)
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		67,875			14,254			53,621
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		(2,349	)		(493	)		(1,856	)
Net unrealized gains (losses) on investments		70,224			14,747			55,477
Other adjustments to comprehensive income (loss), net		58			13			45
Other comprehensive income (loss)		70,282			14,760			55,522
Balance at end of period	$	(373,058	)	$	(78,342	)	$	(294,716	)
	Three Months Ended March 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		(43,655	)		(9,168	)		(34,487	)
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		(3,684	)		(774	)		(2,910	)
Net unrealized gains (losses) on investments		(39,971	)		(8,394	)		(31,577	)
Other adjustments to comprehensive income, net		(86	)		(18	)		(68	)
Other comprehensive income (loss)		(40,057	)		(8,412	)		(31,645	)
Balance at end of period	$	(458,856	)	$	(96,360	)	$	(362,496	)

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