Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 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)
Balance at December 31, 2016	$	551,171		$	(92,393	)	$	(2,879	)	$	455,899
Amounts reclassified from AOCI (net of tax benefit $18,789 and expense $5,005)	(34,895		)	18,827			—			(16,068		)
Unrealized holding gains arising during the period (net of tax expense $113,604)	210,595			—			—			210,595
Unrealized adjustment to DAC (net of tax benefit $729)	(1,354		)	—			—			(1,354		)
Unrealized gains on investments attributable to participating policyholders’ interest (net of tax benefit $2,480)	(4,606		)	—			—			(4,606		)
Actuarial loss arising during the period (net of tax benefit of $796)	—			(2,996		)	—			(2,996		)
Foreign currency adjustment (net of tax expense $198)	—			—			746			746
Balance at December 31, 2017	720,911			(76,562		)	(2,133		)	642,216
Amounts reclassified from AOCI (net of tax benefit $561 and expense $1,532)	(2,111		)	5,764			—			3,653
Unrealized holding losses arising during the period (net of tax benefit $46,812)	(183,981		)	—			—			(183,981		)
Unrealized adjustment to DAC (net of tax expense $10,903)	41,017			—			—			41,017
Unrealized losses on investments attributable to participating policyholders’ interest (net of tax expense $2,343)	8,814			—			—			8,814
Actuarial gain arising during the period (net of tax expense of $4,402)	—			16,562			—			16,562
Foreign currency adjustment (net of tax benefit $239)	—			—			(900		)	(900		)
Cumulative effect of changes in accounting (net of tax benefit $334,955)	(627,119		)	—			—			(627,119		)
Balance at December 31, 2018	(42,469		)	(54,236		)	(3,033		)	(99,738		)
Amounts reclassified from AOCI (net of tax benefit $213 and expense $1,491)	(800		)	5,607			—			4,807
Unrealized holding gains arising during the period (net of tax expense $70,808)	266,373			—			—			266,373
Unrealized adjustment to DAC (net of tax benefit $18,270)	(68,733		)	—			—			(68,733		)
Unrealized gains on investments attributable to participating policyholders’ interest (net of tax benefit $3,372)	(12,684		)	—			—			(12,684		)
Actuarial gain arising during the period (net of tax expense $2,629)	—			9,888			—			9,888
Foreign currency adjustment (net of tax expense $104)	—			—			390			390
Cumulative effect of changes in accounting	16,164			(16,491		)	(458		)	(785		)
Balance at December 31, 2019	$	157,851		$	(55,232	)	$	(3,101	)	$	99,518