v3.25.2
Changes in accumulated other comprehensive income (Tables)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
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 translationTotal
Balance as of April 1, 2025, net of tax$(148,730)$(3,752)$(152,482)
Other comprehensive income (loss) before reclassifications42,293 (114)42,179 
Amounts reclassified from other comprehensive income (loss)5,961 — 5,961 
Total other comprehensive income (loss)48,254 (114)48,140 
Balance as of June 30, 2025, net of tax$(100,476)$(3,866)$(104,342)
(Amounts in thousands)Net unrealized
investment
gains (losses)
Foreign currency translationTotal
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 $(207,455)
Other comprehensive income (loss) before reclassifications98,716 (4,035)94,681 
Amounts reclassified from other comprehensive income (loss)8,432 — 8,432 
Total other comprehensive income (loss)107,148 (4,035)103,113 
Balance as of June 30, 2025, net of tax$(100,476)$(3,866)$(104,342)
(Amounts in thousands)
Net unrealized
investment
gains (losses)
Foreign currency translationTotal
Balance as of January 1, 2024, net of tax$(230,556)$156 $(230,400)
Other comprehensive income (loss) before reclassifications(17,282)(17,280)
Amounts reclassified from other comprehensive income (loss)11,375 — 11,375 
Total other comprehensive income (loss)(5,907)(5,905)
Balance as of June 30, 2024, net of tax$(236,463)$158 $(236,305)
Reclassification out of Accumulated Other Comprehensive Income
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)
2025202420252024
Net unrealized gains (losses) on investments$(7,546)$(7,724)$(10,674)$(14,397)Net investment gains (losses)
Benefit (expense) from income taxes1,585 1,621 2,242 3,022 Provision for income taxes