Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2019

Equity [Abstract]

Components of Other Comprehensive Income

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	)