Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2020

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, 2020	$	157,851	$	(55,232)	$	(3,101)	$	99,518
Amounts reclassified from AOCI (net of tax expense $2,554 and $467)	9,606		1,756		—		11,362
Unrealized holding losses arising during the period (net of tax benefit $53,533)	(201,385)		—		—		(201,385)
Unrealized adjustment to DAC (net of tax expense $18,759)	70,567		—		—		70,567
Unrealized losses on investments attributable to participating policyholders’ interest (net of tax expense $2,342)	8,809		—		—		8,809
Foreign currency adjustment (net of tax benefit $246)	—		—		(924)		(924)
Ending balance at March 31, 2020	$	45,448	$	(53,476)	$	(4,025)	$	(12,053)
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)