| Schedule of Accumulated Other Comprehensive Income (Loss) |
The following tables provide the rollforward of accumulated other comprehensive income (loss) for the periods indicated.
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Rollforward of accumulated other comprehensive income (loss) |
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Three Months Ended
June 30, 2026 |
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Six Months Ended
June 30, 2026 |
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(In thousands) |
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Before
Tax |
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Tax
Effect |
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Net of
Tax |
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Before
Tax |
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Tax
Effect |
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Net of
Tax |
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Balance at beginning of period |
|
$ |
(332,554 |
) |
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$ |
(70,440 |
) |
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$ |
(262,114 |
) |
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$ |
(281,214 |
) |
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$ |
(59,055 |
) |
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$ |
(222,159 |
) |
Other comprehensive income (loss) |
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Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected credit losses has not been recognized |
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(9,400 |
) |
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(2,090 |
) |
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(7,310 |
) |
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(64,076 |
) |
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(14,185 |
) |
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(49,891 |
) |
Less: Reclassification adjustment for net gains (losses) on investments included in net income (1) |
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Net realized gains (losses) on disposals and non-credit related impairment losses |
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(5,247 |
) |
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(1,215 |
) |
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(4,032 |
) |
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(8,620 |
) |
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(1,933 |
) |
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(6,687 |
) |
Net unrealized gains (losses) on investments |
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(4,153 |
) |
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(875 |
) |
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(3,278 |
) |
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(55,456 |
) |
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(12,252 |
) |
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(43,204 |
) |
Net unrealized gains (losses) from investments recorded as assets held for sale |
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(34 |
) |
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(7 |
) |
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(27 |
) |
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(6 |
) |
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(1 |
) |
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(5 |
) |
Other adjustments to comprehensive income (loss), net |
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(1 |
) |
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— |
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(1 |
) |
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(66 |
) |
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(14 |
) |
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(52 |
) |
Other comprehensive income (loss) |
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(4,188 |
) |
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(882 |
) |
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(3,306 |
) |
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(55,528 |
) |
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(12,267 |
) |
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(43,261 |
) |
Balance at end of period |
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$ |
(336,742 |
) |
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$ |
(71,322 |
) |
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$ |
(265,420 |
) |
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$ |
(336,742 |
) |
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$ |
(71,322 |
) |
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$ |
(265,420 |
) |
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Rollforward of accumulated other comprehensive income (loss) |
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Three Months Ended
June 30, 2025 |
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Six Months Ended
June 30, 2025 |
|
(In thousands) |
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Before
Tax |
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Tax
Effect |
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Net of
Tax |
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Before
Tax |
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Tax
Effect |
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Net of
Tax |
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Balance at beginning of period |
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$ |
(373,058 |
) |
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$ |
(78,342 |
) |
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$ |
(294,716 |
) |
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$ |
(443,340 |
) |
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$ |
(93,102 |
) |
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$ |
(350,238 |
) |
Other comprehensive income (loss) |
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Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected credit losses has not been recognized |
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25,399 |
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5,333 |
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20,066 |
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93,153 |
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19,562 |
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|
73,591 |
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Less: Reclassification adjustment for net gains (losses) on investments included in net income (1) |
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Net realized gains (losses) on disposals and non-credit related impairment losses |
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(2,056 |
) |
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(432 |
) |
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(1,624 |
) |
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(4,406 |
) |
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(925 |
) |
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(3,481 |
) |
Net unrealized gains (losses) on investments |
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27,455 |
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5,765 |
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21,690 |
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97,559 |
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20,487 |
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77,072 |
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Net unrealized gains (losses) from investments recorded as assets held for sale |
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108 |
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23 |
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|
85 |
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|
228 |
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|
48 |
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|
180 |
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Other adjustments to comprehensive income, net |
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— |
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— |
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— |
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58 |
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13 |
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|
45 |
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Other comprehensive income (loss) |
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27,563 |
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5,788 |
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21,775 |
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97,845 |
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20,548 |
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77,297 |
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Balance at end of period |
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$ |
(345,495 |
) |
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$ |
(72,554 |
) |
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$ |
(272,941 |
) |
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$ |
(345,495 |
) |
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$ |
(72,554 |
) |
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$ |
(272,941 |
) |
(1)Included in net gains (losses) on financial instruments and foreign exchange in our condensed consolidated statements of operations.
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