Table of Contents CITIZENS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) (10) OTHER COMPREHENSIVE INCOME (LOSS) (11) STOCK COMPENSATION December 31, 2020 | 10-K 119 In 2020, 2019 and 2018, the Company's Board of Directors approved awards of restricted stock units under the Citizens, Inc. Omnibus Incentive Plan for non-employee directors and the executive management team. Vesting of the units is subject to the recipient’s continued service or employment with the Company through the applicable vesting date, which is one year for directors and two years for employees. In addition, the Board also approved equity grants for other employees with a delegation to the President and Chief Executive Officer to determine the participant and values to be awarded. There are three million shares that may be granted under the plan. (In thousands) Amount Tax Effect Total Year ended December 31, 2020 Unrealized gains (losses): Unrealized holding gains (losses) arising during the period $ 84,010 (6,044) 77,966 Reclassification adjustment for (gains) losses included in net income 111 (23) 88 Effects on DAC (37,372) 8,872 (28,500) Effects on COIA (98) 21 (77) Effects on unearned revenue reserves 2,102 (441) 1,661 Other comprehensive income (loss) $ 48,753 2,385 51,138 Year ended December 31, 2019 Unrealized gains (losses): Unrealized holding gains (losses) arising during the period $ 78,744  (5,535) 73,209  Reclassification adjustment for (gains) losses included in net income (1,927) 405  (1,522) Effects on DAC (484) 102  (382) Effects on COIA (224) 47  (177) Effects on unearned revenue reserves 789  (166) 623  Other comprehensive income (loss) $ 76,898  (5,147) 71,751  Year ended December 31, 2018 Unrealized gains (losses): Unrealized holding gains (losses) arising during the period $ (34,357) 6,520  (27,837) Reclassification adjustment for (gains) losses included in net income (953) 200  (753) Unrealized gain from held-to-maturity transferred to available-for-sale 3,588  (218) 3,370  Effects on DAC 223  (123) 100  Effects on COIA 184  (87) 97  Effects on unearned revenue reserves (277) 172  (105) Other comprehensive income (loss) $ (31,592) 6,464  (25,128) The changes in the components of other comprehensive income (loss) are reported net of the effects of income taxes of 21% in 2020, 2019 and 2018, as indicated below.