Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 13 – 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			AOCI
Beginning balance, 2015	$	568,151		$	(76,074	)	$	(1,295	)	$	490,782
Amounts reclassified from AOCI (net of tax benefit $8,221 and expense $2,449)		(15,268	)		4,549			—			(10,719	)
Unrealized holding losses arising during the period (net of tax benefit $67,787)		(125,888	)								(125,888	)
Unrealized adjustment to DAC (net of tax expense $11,232)		19,259									19,259
Unrealized gains on investments attributable to participating policyholders’ interest (net of tax expense $2,528)		4,694									4,694
Foreign currency adjustment (net of tax benefit $1,124)								(2,087	)		(2,087	)
Ending balance at September 30, 2015	$	450,948		$	(71,525	)	$	(3,382	)	$	376,041
Beginning balance, 2014	$	457,937		$	(43,884	)	$	(341	)	$	413,712
Amounts reclassified from AOCI (net of tax benefit $8,906 and expense $1,159)		(16,539	)		2,152			—			(14,387	)
Unrealized holding gains arising during the period (net of tax expense $65,575)		121,782									121,782
Unrealized adjustment to DAC (net of tax benefit $6,525)		(10,650	)								(10,650	)
Unrealized gains on investments attributable to participating policyholders’ interest (net of tax benefit $2,984)		(5,542	)								(5,542	)
Foreign currency adjustment (net of tax benefit $311)								(577	)		(577	)
Ending balance at September 30, 2014	$	546,988		$	(41,732	)	$	(918	)	$	504,338