| Changes in accumulated other comprehensive income |
Changes in accumulated other comprehensive income The following tables present a roll forward of accumulated other comprehensive income for the three months indicated: | | | | | | | | | | | | | | | | | | | (Amounts in thousands) | Net unrealized
investment
gains (losses) | | Foreign currency translation | | Total | | Balance as of April 1, 2025, net of tax | $ | (148,730) | | | $ | (3,752) | | | $ | (152,482) | | | | | | | | | Other comprehensive income (loss) before reclassifications | 42,293 | | | (114) | | | 42,179 | | | Amounts reclassified from other comprehensive income (loss) | 5,961 | | | — | | | 5,961 | | | Total other comprehensive income (loss) | 48,254 | | | (114) | | | 48,140 | | | Balance as of June 30, 2025, net of tax | $ | (100,476) | | | $ | (3,866) | | | $ | (104,342) | | | | | | | | | (Amounts in thousands) | Net unrealized
investment
gains (losses) | | Foreign currency translation | | Total | | Balance as of April 1, 2024, net of tax | $ | (237,635) | | | $ | 158 | | | $ | (237,477) | | | | | | | | | Other comprehensive income (loss) before reclassifications | (4,931) | | | — | | | (4,931) | | | Amounts reclassified from other comprehensive income (loss) | 6,103 | | | — | | | 6,103 | | | Total other comprehensive income (loss) | 1,172 | | | — | | | 1,172 | | | Balance as of June 30, 2024, net of tax | $ | (236,463) | | | $ | 158 | | | $ | (236,305) | | | | | | | | | | | | | | | | | | | |
The following tables present a roll forward of accumulated other comprehensive income for the six months indicated: | | | | | | | | | | | | | | | | | | (Amounts in thousands) | Net unrealized investment gains (losses) | | Foreign currency translation | | Total | | Balance as of January 1, 2025, net of tax | $ | (207,624) | | | $ | 169 | | | $ | (207,455) | | | | | | | | | Other comprehensive income (loss) before reclassifications | 98,716 | | | (4,035) | | | 94,681 | | | Amounts reclassified from other comprehensive income (loss) | 8,432 | | | — | | | 8,432 | | | Total other comprehensive income (loss) | 107,148 | | | (4,035) | | | 103,113 | | | Balance as of June 30, 2025, net of tax | $ | (100,476) | | | $ | (3,866) | | | $ | (104,342) | | | | | | | | (Amounts in thousands) | Net unrealized
investment
gains (losses) | | Foreign currency translation | | Total | | Balance as of January 1, 2024, net of tax | $ | (230,556) | | | $ | 156 | | | $ | (230,400) | | | | | | | | | Other comprehensive income (loss) before reclassifications | (17,282) | | | 2 | | | (17,280) | | | Amounts reclassified from other comprehensive income (loss) | 11,375 | | | — | | | 11,375 | | | Total other comprehensive income (loss) | (5,907) | | | 2 | | | (5,905) | | | Balance as of June 30, 2024, net of tax | $ | (236,463) | | | $ | 158 | | | $ | (236,305) | |
The following table presents the effect of the reclassification of significant items out of accumulated other comprehensive income (loss) on the respective line items of the consolidated statements of income, for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amounts reclassified from accumulated other comprehensive income (loss) | | Affected line item in the condensed consolidated statements of income | | Three months ended
June 30, | | Six months ended
June 30, | | (Amounts in thousands) | 2025 | | 2024 | | 2025 | | 2024 | | | Net unrealized gains (losses) on investments | $ | (7,546) | | | $ | (7,724) | | | $ | (10,674) | | | $ | (14,397) | | | Net investment gains (losses) | | Benefit (expense) from income taxes | 1,585 | | | 1,621 | | | 2,242 | | | 3,022 | | | Provision for income taxes |
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