XML 35 R25.htm IDEA: XBRL DOCUMENT v3.25.2
Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)

15. 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
June 30, 2025

 

 

Six Months Ended
June 30, 2025

 

(In thousands)

 

Before
Tax

 

 

Tax
Effect

 

 

Net of
Tax

 

 

Before
Tax

 

 

Tax
Effect

 

 

Net of
Tax

 

Balance at beginning of period

 

$

(373,058

)

 

$

(78,342

)

 

$

(294,716

)

 

$

(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

 

 

25,507

 

 

 

5,356

 

 

 

20,151

 

 

 

93,382

 

 

 

19,610

 

 

 

73,772

 

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

 

 

(2,056

)

 

 

(432

)

 

 

(1,624

)

 

 

(4,405

)

 

 

(925

)

 

 

(3,480

)

Net unrealized gains (losses) on investments

 

 

27,563

 

 

 

5,788

 

 

 

21,775

 

 

 

97,787

 

 

 

20,535

 

 

 

77,252

 

Other adjustments to comprehensive income (loss), net

 

 

—

 

 

 

—

 

 

 

—

 

 

 

58

 

 

 

13

 

 

 

45

 

Other comprehensive income (loss)

 

 

27,563

 

 

 

5,788

 

 

 

21,775

 

 

 

97,845

 

 

 

20,548

 

 

 

77,297

 

Balance at end of period

 

$

(345,495

)

 

$

(72,554

)

 

$

(272,941

)

 

$

(345,495

)

 

$

(72,554

)

 

$

(272,941

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended
June 30, 2024

 

 

Six Months Ended
June 30, 2024

 

(In thousands)

 

Before
Tax

 

 

Tax
Effect

 

 

Net of
Tax

 

 

Before
Tax

 

 

Tax
Effect

 

 

Net of
Tax

 

Balance at beginning of period

 

$

(458,856

)

 

$

(96,360

)

 

$

(362,496

)

 

$

(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

 

 

(21,825

)

 

 

(4,583

)

 

 

(17,242

)

 

 

(65,480

)

 

 

(13,751

)

 

 

(51,729

)

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

 

 

(3,071

)

 

 

(644

)

 

 

(2,427

)

 

 

(6,755

)

 

 

(1,418

)

 

 

(5,337

)

Net unrealized gains (losses) on investments

 

 

(18,754

)

 

 

(3,939

)

 

 

(14,815

)

 

 

(58,725

)

 

 

(12,333

)

 

 

(46,392

)

Other adjustments to comprehensive income, net

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(86

)

 

 

(18

)

 

 

(68

)

Other comprehensive income (loss)

 

 

(18,754

)

 

 

(3,939

)

 

 

(14,815

)

 

 

(58,811

)

 

 

(12,351

)

 

 

(46,460

)

Balance at end of period

 

$

(477,610

)

 

$

(100,299

)

 

$

(377,311

)

 

$

(477,610

)

 

$

(100,299

)

 

$

(377,311

)

 

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