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Other Comprehensive Income
 12 Months Ended
Dec. 31, 2014
Comprehensive Income Note Disclosure [Abstract]  
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)
The following table presents the changes in each component of accumulated other comprehensive income (“AOCI”), net of tax:
 
Unrealized Appreciation on Available-For-Sale Investments
 
Foreign Currency Translation Adjustments
 
Total
Year Ended December 31, 2014
 
 
 
 
 
Beginning balance
$
80,692

 
$
(5,728
)
 
$
74,964

Other comprehensive income (loss) before reclassifications
146,010

 
(27,014
)
 
118,996

Amounts reclassified from accumulated other comprehensive income
(65,104
)
 
—

 
(65,104
)
Net current period other comprehensive income (loss)
80,906

 
(27,014
)
 
53,892

Ending balance
$
161,598

 
$
(32,742
)
 
$
128,856

 
 
 
 
 
 
Year Ended December 31, 2013
 
 
 
 
 
Beginning balance
$
289,956

 
$
(2,939
)
 
$
287,017

Other comprehensive income (loss) before reclassifications
(176,578
)
 
(2,789
)
 
(179,367
)
Amounts reclassified from accumulated other comprehensive income
(32,686
)
 
—

 
(32,686
)
Net current period other comprehensive income (loss)
(209,264
)
 
(2,789
)
 
(212,053
)
Ending balance
$
80,692

 
$
(5,728
)
 
$
74,964

 
 
 
 
 
 
Year Ended December 31, 2012
 
 
 
 
 
Beginning balance
$
174,636

 
$
(20,713
)
 
$
153,923

Other comprehensive income (loss) before reclassifications
273,144

 
17,774

 
290,918

Amounts reclassified from accumulated other comprehensive income
(157,824
)
 
—

 
(157,824
)
Net current period other comprehensive income (loss)
115,320

 
17,774

 
133,094

Ending balance
$
289,956

 
$
(2,939
)
 
$
287,017



The following table presents details about amounts reclassified from accumulated other comprehensive income:
 
 
Consolidated Statement of Income
 
Amounts Reclassed from AOCI
 
 
Line Item That Includes
 
Year Ended December 31,
Details About AOCI Components
 
Reclassification
 
2014
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Unrealized appreciation on available-for-sale investments
 
 
 
 
 
 
 
 
 
 
Net realized gains
 
$
102,223

 
$
39,308

 
$
180,144

 
 
Other-than-temporary impairment losses
 
(30,470
)
 
(3,961
)
 
(12,175
)
 
 
Total before tax
 
71,753

 
35,347

 
167,969

 
 
Income tax expense
 
(6,649
)
 
(2,661
)
 
(10,145
)
 
 
Net of tax
 
$
65,104

 
$
32,686

 
$
157,824



Following are the related tax effects allocated to each component of other comprehensive income (loss):
 
Before
 
Tax
 
Net
 
Tax
 
Expense
 
of Tax
 
Amount
 
(Benefit)
 
Amount
Year Ended December 31, 2014
 
 
 
 
 
Unrealized appreciation (decline) in value of available-for-sale investments:
 
 
 
 
 
Unrealized holding losses arising during period
$
161,685

 
$
15,355

 
$
146,330

Portion of other-than-temporary impairment losses recognized in other comprehensive income (loss)
(320
)
 
—

 
(320
)
Less reclassification of net realized gains included in net income
71,753

 
6,649

 
65,104

Foreign currency translation adjustments
(27,014
)
 
—

 
(27,014
)
Other comprehensive income (loss)
$
62,598

 
$
8,706

 
$
53,892

 
 
 
 
 
 
Year Ended December 31, 2013
 
 
 
 
 
Unrealized appreciation (decline) in value of available-for-sale investments:
 
 
 
 
 
Unrealized holding gains arising during period
$
(201,386
)
 
$
(24,983
)
 
$
(176,403
)
Portion of other-than-temporary impairment losses recognized in other comprehensive income (loss)
(175
)
 
—

 
(175
)
Less reclassification of net realized gains included in net income
35,347

 
2,661

 
32,686

Foreign currency translation adjustments
(2,789
)
 
—

 
(2,789
)
Other comprehensive income (loss)
$
(239,697
)
 
$
(27,644
)
 
$
(212,053
)
 
 
 
 
 
 
Year Ended December 31, 2012
 
 
 
 
 
Unrealized appreciation (decline) in value of available-for-sale investments:
 
 
 
 
 
Unrealized holding gains arising during period
$
278,917

 
$
4,986

 
$
273,931

Portion of other-than-temporary impairment losses recognized in other comprehensive income (loss)
(787
)
 
—

 
(787
)
Less reclassification of net realized gains included in net income
167,969

 
10,145

 
157,824

Foreign currency translation adjustments
18,748

 
974

 
17,774

Other comprehensive income (loss)
$
128,909

 
$
(4,185
)
 
$
133,094