Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2019

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

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 expense $401 and $1,160)	1,510			4,365			—			5,875
Unrealized holding gains arising during the period (net of tax expense $68,285)	256,880			—			—			256,880
Unrealized adjustment to DAC (net of tax benefit $17,343)	(65,244		)	—			—			(65,244		)
Unrealized gains on investments attributable to participating policyholders’ interest (net of tax benefit $3,148)	(11,841		)	—			—			(11,841		)
Foreign currency adjustment (net of tax expense $79)	—			—			297			297
Cumulative effect of changes in accounting	16,164			(16,491		)	(458		)	(785		)
Ending balance at September 30, 2019	$	155,000		$	(66,362	)	$	(3,194	)	$	85,444
Beginning balance at January 1, 2018	$	716,878		$	(72,772	)	$	(1,890	)	$	642,216
Amounts reclassified from AOCI (net of tax benefit $606 and expense $1,061)	(2,282		)	3,991			—			1,709
Unrealized holding losses arising during the period (net of tax benefit $47,963)	(181,582		)	—			—			(181,582		)
Unrealized adjustment to DAC (net of tax expense $8,163)	30,708			—			—			30,708
Unrealized losses on investments attributable to participating policyholders’ interest (net of tax expense $2,935)	11,040			—			—			11,040
Foreign currency adjustment (net of tax benefit $181)	—			—			(681		)	(681		)
Cumulative effect of changes in accounting (net of tax benefit $334,955)	(627,119		)	—			—			(627,119		)
Ending balance at September 30, 2018	$	(52,357	)	$	(68,781	)	$	(2,571	)	$	(123,709	)