v3.25.2
OTHER COMPREHENSIVE INCOME (LOSS)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
OTHER COMPREHENSIVE INCOME (LOSS) OTHER COMPREHENSIVE INCOME (LOSS)
The following table presents the tax effects allocated to each component of other comprehensive income (loss):
20252024
Before tax amountIncome tax (expense) benefitNet of tax amountBefore tax amountIncome tax (expense) benefitNet of tax amount
Three months ended June 30,
Available for sale investments:
Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has not been recognized $130,559 $(26,013)$104,546 $(38,138)$2,552 $(35,586)
Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has been recognized 692 (117)575 (126)24 (102)
Adjustment for reclassification of net realized (gains) losses and impairment losses recognized in net income (loss)
11,006 (1,484)9,522 59,496 (5,124)54,372 
Unrealized gains (losses) arising during the period, net of reclassification adjustment
142,257 (27,614)114,643 21,232 (2,548)18,684 
Foreign currency translation adjustment16,023 — 16,023 (1,803)— (1,803)
Total other comprehensive income (loss), net of tax
$158,280 $(27,614)$130,666 $19,429 $(2,548)$16,881 
Six months ended June 30,
Available for sale investments:
Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has not been recognized$232,201 $(40,125)$192,076 $(114,506)$18,904 $(95,602)
Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has been recognized300 (58)242 (600)37 (563)
Adjustment for reclassification of net realized (gains) losses and impairment losses recognized in net income (loss)
45,316 (7,654)37,662 84,375 (6,588)77,787 
Unrealized gains (losses) arising during the period, net of reclassification adjustment
277,817 (47,837)229,980 (30,731)12,353 (18,378)
Foreign currency translation adjustment15,867 — 15,867 (10,754)— (10,754)
Total other comprehensive income (loss), net of tax$293,684 $(47,837)$245,847 $(41,485)$12,353 $(29,132)

The following table presents details of amounts reclassified from accumulated other comprehensive income (loss) ("AOCI") to net income (loss):
Amount reclassified from AOCI(1)
AOCI ComponentsConsolidated statement of operations line item that includes reclassification adjustmentThree months ended June 30,Six months ended June 30,
2025202420252024
Unrealized gains (losses) on available for sale investments
Other realized and unrealized investment gains (losses)
$(10,606)$(59,340)$(42,990)$(84,211)
Impairment losses(400)(156)(2,326)(164)
Total before tax(11,006)(59,496)(45,316)(84,375)
Income tax (expense) benefit1,484 5,124 7,654 6,588 
Net of tax$(9,522)$(54,372)$(37,662)$(77,787)
(1)     Amounts in parentheses are charges to net income (loss).