| Schedule of Components of AOCI, Net of Tax |
The changes in the balance of each component of AOCI for the three months ended March 31, 2026 and 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Unrealized Investment Gains (Losses) | | Cash Flow Hedging Gains (Losses)(1) | | Non-credit Impairments | | Unrecognized Change in Defined Benefit Plan Liabilities | | Accumulated Other Comprehensive Income (Loss) | | Balance, December 31, 2025 | $ | (81,392) | | | $ | 312 | | | $ | (375) | | | $ | 409 | | | $ | (81,046) | | | OCI, before reclassifications, net of tax | (20,921) | | | 1,304 | | | — | | | — | | | (19,617) | | | Amounts reclassified from AOCI, net of tax | 1,905 | | | (224) | | | — | | | — | | | 1,681 | | | Net OCI, current period | (19,016) | | | 1,080 | | | — | | | — | | | (17,936) | | | Balance, March 31, 2026 | $ | (100,408) | | | $ | 1,392 | | | $ | (375) | | | $ | 409 | | | $ | (98,982) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Unrealized Investment Gains (Losses) | | Cash Flow Hedging Gains (Losses)(1) | | Non-credit Impairments | | Unrecognized Change in Defined Benefit Plan Liabilities | | Accumulated Other Comprehensive Income (Loss) | | Balance, December 31, 2024 | $ | (176,053) | | | $ | 4,576 | | | $ | (92) | | | $ | (822) | | | $ | (172,391) | | | OCI, before reclassifications, net of tax | 37,212 | | | (1,637) | | | — | | | — | | | 35,575 | | | Amounts reclassified from AOCI, net of tax | 2,425 | | | (548) | | | 81 | | | — | | | 1,958 | | | Net OCI, current period | 39,637 | | | (2,185) | | | 81 | | | — | | | 37,533 | | | Balance, March 31, 2025 | $ | (136,416) | | | $ | 2,391 | | | $ | (11) | | | $ | (822) | | | $ | (134,858) | | |
(1) ProAssurance's Interest Rate Swaps are designated and qualify as highly effective cash flow hedges. See Note 8 for additional information on the Interest Rate Swaps.
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