| Components of changes in accumulated other comprehensive income (loss) |
The following tables present the components of the changes in accumulated other comprehensive (loss) income ("AOCI"): | | | | | | | | | | | | | | | | | | | | | (In thousands) | Unrealized Investment (Losses) Gains | | Currency Translation Adjustments | | | Accumulated Other Comprehensive (Loss) Income | | | As of and for the six months ended June 30, 2026 | | | | | | | | Changes in AOCI | | | | | | | | Beginning of period | $ | (124,680) | | | $ | (326,417) | | | | $ | (451,097) | | | | | | | | | | | | | | | | | | | | Other comprehensive (loss) income before reclassifications | (219,733) | | | 3,815 | | | | (215,918) | | | | Amounts reclassified from AOCI | 27,008 | | | — | | | | 27,008 | | | | Other comprehensive (loss) income | (192,725) | | | 3,815 | | | | (188,910) | | | | Unrealized investment gain related to noncontrolling interest | — | | | — | | | | — | | | | End of period | $ | (317,405) | | | $ | (322,602) | | | | $ | (640,007) | | | | Amounts reclassified from AOCI | | | | | | | | | Pre-tax | $ | 34,187 | | (1) | $ | — | | | | $ | 34,187 | | | | Tax effect | (7,179) | | (2) | — | | | | (7,179) | | | | After-tax amounts reclassified | $ | 27,008 | | | $ | — | | | | $ | 27,008 | | | | Other comprehensive (loss) income | | | | | | | | | Pre-tax | $ | (245,788) | | | $ | 3,815 | | | | $ | (241,973) | | | | Tax effect | 53,063 | | | — | | | | 53,063 | | | | Other comprehensive (loss) income | $ | (192,725) | | | $ | 3,815 | | | | $ | (188,910) | | | | | | | | | | | | As of and for the three months ended June 30, 2026 | | | | | | | | Changes in AOCI | | | | | | | | Beginning of period | $ | (269,636) | | | $ | (331,641) | | | | $ | (601,277) | | | | | | | | | | | | | | | | | | | | Other comprehensive (loss) income before reclassifications | (71,323) | | | 9,039 | | | | (62,284) | | | | Amounts reclassified from AOCI | 23,554 | | | — | | | | 23,554 | | | | Other comprehensive (loss) income | (47,769) | | | 9,039 | | | | (38,730) | | | | Unrealized investment gain related to noncontrolling interest | — | | | — | | | | — | | | | End of period | $ | (317,405) | | | $ | (322,602) | | | | $ | (640,007) | | | | Amounts reclassified from AOCI | | | | | | | | | Pre-tax | $ | 29,815 | | (1) | $ | — | | | | $ | 29,815 | | | | Tax effect | (6,261) | | (2) | — | | | | (6,261) | | | | After-tax amounts reclassified | $ | 23,554 | | | $ | — | | | | $ | 23,554 | | | | Other comprehensive (loss) income | | | | | | | | | Pre-tax | $ | (59,817) | | | $ | 9,039 | | | | $ | (50,778) | | | | Tax effect | 12,048 | | | — | | | | 12,048 | | | | Other comprehensive (loss) income | $ | (47,769) | | | $ | 9,039 | | | | $ | (38,730) | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | As of and for the six months ended June 30, 2025 | | | | | | | Changes in AOCI | | | | | | | Beginning of period | $ | (517,170) | | | $ | (417,099) | | | | $ | (934,269) | | | | | | | | | | | | | | | | | Other comprehensive income before reclassifications | 242,620 | | | 93,348 | | | | 335,968 | | | Amounts reclassified from AOCI | 25,918 | | | — | | | | 25,918 | | | Other comprehensive income | 268,538 | | | 93,348 | | | | 361,886 | | | Unrealized investment loss related to noncontrolling interest | (1) | | | — | | | | (1) | | | End of period | $ | (248,633) | | | $ | (323,751) | | | | $ | (572,384) | | | Amounts reclassified from AOCI | | | | | | | | Pre-tax | $ | 32,808 | | (1) | $ | — | | | | $ | 32,808 | | | Tax effect | (6,890) | | (2) | — | | | | (6,890) | | | After-tax amounts reclassified | $ | 25,918 | | | $ | — | | | | $ | 25,918 | | | Other comprehensive income | | | | | | | | Pre-tax | $ | 343,713 | | | $ | 93,348 | | | | $ | 437,061 | | | Tax effect | (75,175) | | | — | | | | (75,175) | | | Other comprehensive income | $ | 268,538 | | | $ | 93,348 | | | | $ | 361,886 | | | | | | | | | | As of and for the three months ended June 30, 2025 | | | | | | | Changes in AOCI | | | | | | | Beginning of period | $ | (368,898) | | | $ | (393,169) | | | | $ | (762,067) | | | | | | | | | | | | | | | | | Other comprehensive income before reclassifications | 98,518 | | | 69,418 | | | | 167,936 | | | Amounts reclassified from AOCI | 21,747 | | | — | | | | 21,747 | | | Other comprehensive income | 120,265 | | | 69,418 | | | | 189,683 | | | Unrealized investment gain related to noncontrolling interest | — | | | — | | | | — | | | End of period | $ | (248,633) | | | $ | (323,751) | | | | $ | (572,384) | | | Amounts reclassified from AOCI | | | | | | | | Pre-tax | $ | 27,528 | | (1) | $ | — | | | | $ | 27,528 | | | Tax effect | (5,781) | | (2) | — | | | | (5,781) | | | After-tax amounts reclassified | $ | 21,747 | | | $ | — | | | | $ | 21,747 | | | Other comprehensive income | | | | | | | | Pre-tax | $ | 157,858 | | | $ | 69,418 | | | | $ | 227,276 | | | Tax effect | (37,593) | | | — | | | | (37,593) | | | Other comprehensive income | $ | 120,265 | | | $ | 69,418 | | | | $ | 189,683 | |
____________ (1) Net investment (losses) gains in the consolidated statements of income. (2) Income tax expense in the consolidated statements of income.
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