| Shareholders' equity |
Shareholders' equityAccumulated other comprehensive income/(loss). Changes in the balances of each component of accumulated other comprehensive income/(loss) (AOCI) were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | HEI Consolidated | | Hawaiian Electric Consolidated | | (in thousands) | Net unrealized gains (losses) on securities | | Unrealized gains (losses) on derivatives | | Retirement benefit plans | | AOCI | | AOCI-Retirement benefit plans | | Balance, December 31, 2023 | $ | (282,963) | | | $ | 1,638 | | | $ | (8,025) | | | $ | (289,350) | | | $ | 2,849 | | | Current period other comprehensive income (loss) | 31,260 | | | (220) | | | 113 | | | 31,153 | | | (93) | | | Balance, September 30, 2024 | $ | (251,703) | | | $ | 1,418 | | | $ | (7,912) | | | $ | (258,197) | | | $ | 2,756 | | | Balance, December 31, 2022 | $ | (328,904) | | | $ | 1,991 | | | $ | (9,115) | | | $ | (336,028) | | | $ | 2,861 | | | Current period other comprehensive income (loss) | (21,330) | | | (827) | | | 161 | | | (21,996) | | | (166) | | | Balance, September 30, 2023 | $ | (350,234) | | | $ | 1,164 | | | $ | (8,954) | | | $ | (358,024) | | | $ | 2,695 | |
Reclassifications out of AOCI were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amount reclassified from AOCI | | Affected line item in the
Statements of Income / Balance Sheets | | | Three months ended September 30 | | Nine months ended September 30 | | | (in thousands) | | 2024 | | 2023 | | 2024 | | 2023 | | | | | | | | | | | | | | HEI consolidated | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amortization of unrealized holding losses on held-to-maturity securities | | $ | 3,366 | | | $ | 3,699 | | | $ | 9,740 | | | $ | 11,065 | | | Bank revenues | | | | | | | | | | | | | | | | | | | | | | | Net realized gains on derivatives qualifying as cash flow hedges | | (52) | | | (47) | | | (151) | | | (143) | | | Interest expense | | Retirement benefit plans: | | | | | | | | | | | Amortization of prior service credit and net gains recognized during the period in net periodic benefit cost | | (1,244) | | | (446) | | | (2,138) | | | (1,160) | | | See Note 9 for additional details | | Impact of D&Os of the PUC included in regulatory assets | | 1,333 | | | 470 | | | 2,251 | | | 1,321 | | | See Note 9 for additional details | | Total reclassifications | | $ | 3,403 | | | $ | 3,676 | | | $ | 9,702 | | | $ | 11,083 | | | | | Hawaiian Electric consolidated | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Retirement benefit plans: | | | | | | | | | | | Amortization of prior service credit and net gains recognized during the period in net periodic benefit cost | | $ | (1,331) | | | $ | (547) | | | $ | (2,344) | | | $ | (1,487) | | | See Note 9 for additional details | | Impact of D&Os of the PUC included in regulatory assets | | 1,333 | | | 470 | | | 2,251 | | | 1,321 | | | See Note 9 for additional details | | Total reclassifications | | $ | 2 | | | $ | (77) | | | $ | (93) | | | $ | (166) | | | |
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