| Summary of AOCI |
The following tables summarize changes in AOCI: | | | | | | | | | | | | | | | | thousands | AFS Securities | Derivative Instruments | Pension | Total | | Balance at June 30, 2026 | $ | 45 | | $ | 1,499 | | $ | — | | $ | 1,544 | | | Other comprehensive income (loss) before reclassifications | (1,932) | | 11,988 | | — | | 10,056 | | | (Gain) loss reclassified to net income | 1,698 | | (531) | | — | | 1,167 | | | | | | | | Income tax (expense) benefit | — | | (2,710) | | — | | (2,710) | | | Net current-period other comprehensive income (loss) | (234) | | 8,747 | | — | | 8,513 | | Balance at September 30, 2026 | $ | (189) | | $ | 10,246 | | $ | — | | $ | 10,057 | | | | | | | | Balance at June 30, 2025 | $ | — | | $ | 204 | | $ | (928) | | $ | (724) | | | Other comprehensive income (loss) before reclassifications | — | | 193 | | — | | 193 | | | (Gain) loss reclassified to net income | — | | (1,103) | | — | | (1,103) | | | | | | | | Income tax (expense) benefit | — | | 218 | | — | | 218 | | | Net current-period other comprehensive income (loss) | — | | (692) | | — | | (692) | | Balance at September 30, 2025 | $ | — | | $ | (488) | | $ | (928) | | $ | (1,416) | | | | | | | | thousands | | | | | Balance at December 31, 2025 | $ | — | | $ | (989) | | $ | (838) | | $ | (1,827) | | | Other comprehensive income (loss) before reclassifications | (4,211) | | 16,148 | | — | | 11,937 | | | (Gain) loss reclassified to net income | 4,022 | | (1,439) | | 838 | | 3,421 | | | | | | | | Income tax (expense) benefit | — | | (3,474) | | — | | (3,474) | | | Net current-period other comprehensive income (loss) | (189) | | 11,235 | | 838 | | 11,884 | | Balance at September 30, 2026 | $ | (189) | | $ | 10,246 | | $ | — | | $ | 10,057 | | | | | | | Balance at December 31, 2024 | $ | — | | $ | 2,896 | | $ | (928) | | $ | 1,968 | | | Other comprehensive income (loss) before reclassifications | — | | (1,415) | | — | | (1,415) | | | (Gain) loss reclassified to net income | — | | (3,053) | | — | | (3,053) | | | | | | | | Income tax (expense) benefit | — | | 1,084 | | — | | 1,084 | | | Net current-period other comprehensive income (loss) | — | | (3,384) | | — | | (3,384) | | Balance at September 30, 2025 | $ | — | | $ | (488) | | $ | (928) | | $ | (1,416) | |
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| Summary of the amounts reclassified out of AOCI |
The following table summarizes the amounts reclassified out of AOCI: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | Affected line items in the
Statements of Operations | | thousands | 2026 | | 2025 | | 2026 | | 2025 | | AFS securities: | | | | | | | | | | (Gains) losses on AFS fixed maturity securities | $ | 1,165 | | | $ | — | | | $ | 3,489 | | | $ | — | | Investment gain (loss), net | | (Gains) losses on short term investments and cash equivalents | 533 | | | — | | | 533 | | | — | | Net insurance investment income | | Income tax expense (benefit) | (430) | | | — | | | (997) | | | — | | Income tax expense (benefit) | | Derivative instruments: | | | | | | | | | | (Gains) losses on cash flow hedges | (531) | | | (1,103) | | | (1,439) | | | (3,053) | | Interest expense | | Income tax expense (benefit) | 123 | | | 265 | | | 339 | | | 734 | | Income tax expense (benefit) | | Pension: | | | | | | | | | | (Gains) losses on pension | — | | | — | | | 838 | | | — | | Other income (loss), net | | Total reclassifications of (income) loss | $ | 860 | | | $ | (838) | | | $ | 2,763 | | | $ | (2,319) | | |
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