Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income ("AOCI") (loss) by component, including amounts reclassified to other comprehensive income ("OCI") (loss) and the related line item in the Statements of Operations where net income is presented, are as follows:


	Three months ended						Three months ended
	June 30, 2023						June 30, 2022
(in thousands)	Before Tax		Income Tax		Net		Before Tax		Income Tax		Net
Investment securities:
AOCI (loss), beginning of period	$	(53,287)	$	(11,190)	$	(42,097)	$	(26,353)	$	(5,535)	$	(20,818)
OCI (loss) before reclassifications	(4,477)		(940)		(3,537)		(34,087)		(7,158)		(26,929)
Realized investment losses	2,096		440		1,656		2,422		508		1,914
Impairment losses	171		36		135		38		8		30

OCI (loss)	(2,210)		(464)		(1,746)		(31,627)		(6,642)		(24,985)
AOCI (loss), end of period	$	(55,497)	$	(11,654)	$	(43,843)	$	(57,980)	$	(12,177)	$	(45,803)

Pension and other postretirement plans:
AOCI (loss), beginning of period	$	53,715	$	11,280	$	42,435	$	(37,543)	$	(7,884)	$	(29,659)

Amortization of prior service costs	361		76		285		360		75		285
Amortization of net actuarial (gain) loss	(3,832)		(805)		(3,027)		1,837		385		1,452
OCI (loss)	(3,471)		(729)		(2,742)		2,197		460		1,737
AOCI (loss), end of period	$	50,244	$	10,551	$	39,693	$	(35,346)	$	(7,424)	$	(27,922)

Total
AOCI (loss), beginning of period	$	428	$	90	$	338	$	(63,896)	$	(13,419)	$	(50,477)
Investment securities	(2,210)		(464)		(1,746)		(31,627)		(6,642)		(24,985)
Pension and other postretirement plans	(3,471)		(729)		(2,742)		2,197		460		1,737
OCI (loss)	(5,681)		(1,193)		(4,488)		(29,430)		(6,182)		(23,248)
AOCI (loss), end of period	$	(5,253)	$	(1,103)	$	(4,150)	$	(93,326)	$	(19,601)	$	(73,725)

	Six months ended						Six months ended
	June 30, 2023						June 30, 2022
(in thousands)	Before Tax		Income Tax		Net		Before Tax		Income Tax		Net
Investment securities:
AOCI (loss), beginning of period	$	(66,571)	$	(13,980)	$	(52,591)	$	7,722	$	1,621	$	6,101
OCI (loss) before reclassifications	5,555		1,167		4,388		(70,458)		(14,796)		(55,662)
Realized investment losses	3,715		780		2,935		4,502		945		3,557
Impairment losses	1,804		379		1,425		254		53		201

OCI (loss)	11,074		2,326		8,748		(65,702)		(13,798)		(51,904)
AOCI (loss), end of period	$	(55,497)	$	(11,654)	$	(43,843)	$	(57,980)	$	(12,177)	$	(45,803)

Pension and other postretirement plans:
AOCI (loss), beginning of period	$	57,186	$	12,009	$	45,177	$	(39,734)	$	(8,345)	$	(31,389)

Amortization of prior service costs	723		152		571		721		151		570
Amortization of net actuarial (gain) loss	(7,665)		(1,610)		(6,055)		3,667		770		2,897
OCI (loss)	(6,942)		(1,458)		(5,484)		4,388		921		3,467
AOCI (loss), end of period	$	50,244	$	10,551	$	39,693	$	(35,346)	$	(7,424)	$	(27,922)

Total
AOCI (loss), beginning of period	$	(9,385)	$	(1,971)	$	(7,414)	$	(32,012)	$	(6,724)	$	(25,288)
Investment securities	11,074		2,326		8,748		(65,702)		(13,798)		(51,904)
Pension and other postretirement plans	(6,942)		(1,458)		(5,484)		4,388		921		3,467
OCI (loss)	4,132		868		3,264		(61,314)		(12,877)		(48,437)
AOCI (loss), end of period	$	(5,253)	$	(1,103)	$	(4,150)	$	(93,326)	$	(19,601)	$	(73,725)