Other Comprehensive Income

12 Months Ended

Dec. 31, 2022

Comprehensive Income Note Disclosure [Abstract]

Other Comprehensive Income (Loss)

The following table presents the changes in each component of AOCI, net of noncontrolling interests:

	Unrealized Appreciation on Available-For-Sale Investments		Foreign Currency Translation Adjustments		Total
Year Ended December 31, 2022
Beginning balance	$	13,486	$	(78,086)	$	(64,600)
Other comprehensive income (loss) before reclassifications	(1,772,649)		(56,720)		(1,829,369)
Amounts reclassified from accumulated other comprehensive income	247,799		—		247,799
Net current period other comprehensive income (loss)	(1,524,850)		(56,720)		(1,581,570)
Ending balance	$	(1,511,364)	$	(134,806)	$	(1,646,170)
Year Ended December 31, 2021
Beginning balance	$	501,295	$	(12,400)	$	488,895
Other comprehensive income (loss) before reclassifications	(371,741)		(65,686)		(437,427)
Amounts reclassified from accumulated other comprehensive income	(116,068)		—		(116,068)
Net current period other comprehensive income (loss)	(487,809)		(65,686)		(553,495)
Ending balance	$	13,486	$	(78,086)	$	(64,600)
Year Ended December 31, 2020
Beginning balance	$	258,486	$	(46,395)	$	212,091
Other comprehensive income (loss) before reclassifications	668,996		33,995		702,991
Amounts reclassified from accumulated other comprehensive income	(426,187)		—		(426,187)
Net current period other comprehensive income (loss)	242,809		33,995		276,804
Ending balance	$	501,295	$	(12,400)	$	488,895

The following tables present details about amounts reclassified from accumulated other comprehensive income and the tax effects allocated to each component of other comprehensive income (loss):

	Consolidated Statement of Income	Amounts Reclassified from AOCI
Details About	Line Item That Includes	Year Ended December 31,
AOCI Components	Reclassification	2022		2021		2020
Unrealized appreciation on available-for-sale investments
	Net realized gains (losses)	$	(235,989)	$	157,095	$	478,659
	Provision for credit losses	(43,909)		(2,099)		(3,597)
	Other-than-temporary impairment losses	—		—		(533)
	Total before tax	(279,898)		154,996		474,529
	Income tax (expense) benefit	32,099		(38,928)		(48,342)
	Net of tax	$	(247,799)	$	116,068	$	426,187

Following are the related tax effects allocated to each component of other comprehensive income (loss):

	Before Tax		Tax Expense		Net of Tax
	Amount		(Benefit)		Amount
Year Ended December 31, 2022
Unrealized appreciation (decline) in value of investments:
Unrealized holding gains (losses) arising during period	$	(2,010,443)	$	(237,794)	$	(1,772,649)
Less reclassification of net realized gains (losses) included in net income	(279,898)		(32,099)		(247,799)
Foreign currency translation adjustments	(56,554)		166		(56,720)
Other comprehensive income (loss)	$	(1,787,099)	$	(205,529)	$	(1,581,570)
Year Ended December 31, 2021
Unrealized appreciation (decline) in value of investments:
Unrealized holding gains (losses) arising during period	$	(406,774)	$	(19,845)	$	(386,929)
Less reclassification of net realized gains (losses) included in net income	154,996		38,928		116,068
Foreign currency translation adjustments	(64,423)		59		(64,482)
Other comprehensive income (loss)	$	(626,193)	$	(58,714)	$	(567,479)
Year Ended December 31, 2020
Unrealized appreciation (decline) in value of investments:
Unrealized holding gains (losses) arising during period	$	754,572	$	75,855	$	678,717
Less reclassification of net realized gains (losses) included in net income	474,529		48,342		426,187
Foreign currency translation adjustments	33,706		370		33,336
Other comprehensive income (loss)	$	313,749	$	27,883	$	285,866