Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

The components of and changes in the accumulated other comprehensive income (“AOCI”), and the related tax effects, are shown below (in thousands):

	Net Unrealized Gains (Losses) on Securities			Defined Benefit Pension Plan Adjustments			Foreign Currency Adjustments			Accumulated Other Comprehensive Income (Loss)
Beginning balance at January 1, 2019	$	(42,469	)	$	(54,236	)	$	(3,033	)	$	(99,738	)
Amounts reclassified from AOCI (net of tax benefit $490 and expense $376)	(1,843		)	1,416			—			(427		)
Unrealized holding gains arising during the period (net of tax expense $33,004)	124,158			—			—			124,158
Unrealized adjustment to DAC (net of tax benefit $8,167)	(30,726		)	—			—			(30,726		)
Unrealized gains on investments attributable to participating policyholders’ interest (net of tax benefit $1,615)	(6,075		)	—			—			(6,075		)
Foreign currency adjustment (net of tax benefit $41)	—			—			(156		)	(156		)
Cumulative effect of changes in accounting	16,166			(16,493		)	(458		)	(785		)
Ending balance at March 31, 2019	$	59,211		$	(69,313	)	$	(3,647	)	$	(13,749	)
Beginning balance at January 1, 2018	$	720,911		$	(76,562	)	$	(2,133	)	$	642,216
Amounts reclassified from AOCI (net of tax expense $26 and expense $210)	100			789			—			889
Unrealized holding losses arising during the period (net of tax benefit $30,091)	(113,203		)	—			—			(113,203		)
Unrealized adjustment to DAC (net of tax expense $3,777)	16,277			—			—			16,277
Unrealized losses on investments attributable to participating policyholders’ interest (net of tax expense $1,460)	5,493			—			—			5,493
Foreign currency adjustment (net of tax benefit $97)	—			—			(366		)	(366		)
Cumulative effect of changes in accounting (net of tax benefit $356,847)	(637,376		)	—			—			(637,376		)
Ending balance at March 31, 2018	$	(7,798	)	$	(75,773	)	$	(2,499	)	$	(86,070	)