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Accumulated Other Comprehensive Income (Loss) (Tables)
9 Months Ended
Sep. 30, 2013
Changes in Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) for the three months ended September 30, 2013 are as follows:

 

(in thousands)

 

Net unrealized
gains (losses)
on securities

 

 

Foreign
currency
translation
adjustment

 

 

Pension
benefit
adjustment

 

 

Accumulated
other
comprehensive
income (loss)

 

Balance at June 30, 2013

$

(18,787

)  

 

$

(6,692

)  

 

$

(174,121

) 

 

$

(199,600

) 

Pretax change before reclassifications

 

  3,234

  

 

 

  8,968

 

 

 

 

 

 

  12,202

 

Pretax change in other-than-temporary impairments for which credit-related portion was recognized in earnings

 

  666

  

 

 

 

 

 

 

 

 

  666

  

Amounts reclassified from accumulated other comprehensive income

 

  6,498

 

 

 

 

 

 

  6,867

  

 

 

  13,365

  

Tax effect

 

(4,159

) 

 

 

 

 

 

(2,746

) 

 

 

(6,905

) 

Balance at September 30, 2013

$

(12,548

)  

 

$

  2,276

  

 

$

(170,000

) 

 

$

(180,272

)

Allocated to the Company

$

(12,553

)  

 

$

  2,276

  

 

$

(170,000

) 

 

$

(180,277

)

Allocated to noncontrolling interests

 

  5

  

 

 

 

 

 

 

 

 

  5

  

Balance at September 30, 2013

$

(12,548

)  

 

$

  2,276

  

 

$

(170,000

) 

 

$

(180,272

) 

Changes in accumulated other comprehensive income (loss) for the nine months ended September 30, 2013 are as follows:

 

(in thousands)

 

Net unrealized
gains (losses)
on securities

 

 

Foreign
currency
translation
adjustment

 

 

Pension
benefit
adjustment

 

 

Accumulated
other
comprehensive
income (loss)

 

Balance at December 31, 2012

$

  21,938

  

 

$

  9,924

  

 

$

(182,408

) 

 

$

(150,546

) 

Pretax change before reclassifications

 

(47,949

)  

 

 

(7,648

) 

 

 

 

 

 

(55,597

) 

Pretax change in other-than-temporary impairments for which credit-related portion was recognized in earnings

 

  699

  

 

 

 

 

 

 

 

 

  699

  

Amounts reclassified from accumulated other comprehensive income

 

(10,228

) 

 

 

 

 

 

  20,680

  

 

 

  10,452

  

Tax effect

 

  22,992

 

 

 

 

 

 

(8,272

) 

 

 

  14,720

 

Balance at September 30, 2013

$

(12,548

)  

 

$

  2,276

  

 

$

(170,000

) 

 

$

(180,272

) 

Allocated to the Company

$

(12,553

)  

 

$

  2,276

  

 

$

(170,000

) 

 

$

(180,277

) 

Allocated to noncontrolling interests

 

  5

  

 

 

 

 

 

 

 

 

  5

  

Balance at September 30, 2013

$

(12,548

)  

 

$

  2,276

  

 

$

(170,000

) 

 

$

(180,272

) 

 

Reclassifications Out of Accumulated Other Comprehensive Income

The reclassifications out of accumulated other comprehensive income for the three months ended September 30, 2013 are as follows:

 

(in thousands)

 

Amounts reclassified
from accumulated
other
comprehensive
income

 

 

Affected line items in the condensed
consolidated statements of income

 

Net unrealized gains (losses) on securities:

 

 

 

 

 

 

Net realized losses on sales of securities

$

(6,498

)

 

Net realized investment (losses) gains

 

Pension benefit adjustment:

 

 

 

 

 

 

Amortization of defined benefit pension and supplemental benefit plan items:

 

 

 

 

 

 

Net actuarial loss

$

(7,964

)

 

  (1

)

 

Prior service credit

 

  1,097

 

 

  (1

)

 

Pretax total

$

(6,867

)

 

 

 

Total reclassifications for the period

$

(13,365

)

 

 

 

The reclassifications out of accumulated other comprehensive income for the nine months ended September 30, 2013 are as follows:

 

(in thousands)

 

Amounts reclassified
from accumulated
other
comprehensive
income

 

 

Affected line items in the condensed
consolidated statements of income

 

Net unrealized gains (losses) on securities:

 

 

 

 

 

 

Net realized gains on sales of securities

$

  10,228

 

 

Net realized investment (losses) gains

 

Pension benefit adjustment:

 

 

 

 

 

 

Amortization of defined benefit pension and supplemental benefit plan items:

 

 

 

 

 

 

Net actuarial loss

$

(23,969

)

 

  (1

)

 

Prior service credit

 

  3,289

 

 

  (1

)

 

Pretax total

$

(20,680

)

 

 

 

Total reclassifications for the period

$

(10,452

)

 

 

 

 

 

(1)              These accumulated other comprehensive income components are included in the computation of net periodic cost. See Note 11 Employee Benefit Plans for additional details.