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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)

Shareholders' equity included the following components of Accumulated Other Comprehensive Income (“AOCI") as of the dates indicated:
 
September 30,
 
2015
 
2014
Fixed maturities, net of OTTI
$
3,490.8

 
$
5,242.3

Equity securities, available-for-sale
30.3

 
31.3

Derivatives
267.2

 
190.5

DAC/VOBA adjustment on available-for-sale securities
(1,171.7
)
 
(1,644.4
)
Sales inducements adjustment on available-for-sale securities
(42.7
)
 
(74.6
)
Other
(31.2
)
 
(30.2
)
Unrealized capital gains (losses), before tax
2,542.7

 
3,714.9

Deferred income tax asset (liability)
(531.7
)
 
(938.4
)
Net unrealized capital gains (losses)
2,011.0

 
2,776.5

Pension and other postretirement benefits liability, net of tax
34.7

 
43.7

AOCI
$
2,045.7

 
$
2,820.2



Changes in AOCI, including the reclassification adjustments recognized in the Condensed Consolidated Statements of Operations were as follows for the periods indicated:
 
 
 
 
 
 
 
Three Months Ended September 30, 2015
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
(241.1
)
 
$
84.0

 
$
(157.1
)
Equity securities
(1.1
)
 
0.4

 
(0.7
)
Other
0.2

 
(0.1
)
 
0.1

OTTI
3.5

 
(1.2
)
 
2.3

Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
49.0

 
(17.1
)
 
31.9

DAC/VOBA
55.8

 
(19.5
)
 
36.3

Sales inducements
9.2

 
(3.2
)
 
6.0

Change in unrealized gains/losses on available-for-sale securities
(124.5
)
 
43.3

 
(81.2
)
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
34.3

(1) 
(12.0
)
 
22.3

Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(3.6
)
 
1.2

 
(2.4
)
Change in unrealized gains/losses on derivatives
30.7

 
(10.8
)
 
19.9

 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(3.4
)
 
1.2

 
(2.2
)
Change in pension and other postretirement benefits liability
(3.4
)
 
1.2

 
(2.2
)
Change in Other comprehensive income (loss)
$
(97.2
)
 
$
33.7

 
$
(63.5
)
(1) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.

 
Nine Months Ended September 30, 2015
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
(2,420.7
)
 
$
845.1

 
$
(1,575.6
)
Equity securities
(0.8
)
 
0.3

 
(0.5
)
Other
0.2

 
(0.1
)
 
0.1

OTTI
12.9

 
(4.5
)
 
8.4

Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statement of Operations
55.2

 
(19.3
)
 
35.9

DAC/VOBA
668.9

(1) 
(234.1
)
 
434.8

Sales inducements
32.5

 
(11.4
)
 
21.1

Change in unrealized gains/losses on available-for-sale securities
(1,651.8
)
 
576.0

 
(1,075.8
)
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
48.3

(2) 
(16.9
)
 
31.4

Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(10.6
)
 
3.7

 
(6.9
)
Change in unrealized gains/losses on derivatives
37.7

 
(13.2
)
 
24.5

 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statement of Operations
(10.3
)
 
3.6

 
(6.7
)
Change in pension and other postretirement benefits liability
(10.3
)
 
3.6

 
(6.7
)
Change in Other comprehensive income (loss)
$
(1,624.4
)
 
$
566.4

 
$
(1,058.0
)
(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.
 
 
 
 
 
 
 
Three Months Ended September 30, 2014
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
(738.9
)
 
$
256.6

 
$
(482.3
)
Equity securities
(0.1
)
 
—

 
(0.1
)
Other
0.2

 
—

 
0.2

OTTI
5.9

 
(2.1
)
 
3.8

Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
(2.3
)
 
0.8

 
(1.5
)
DAC/VOBA
203.8

 
(71.4
)
 
132.4

Sales inducements
14.1

 
(4.9
)
 
9.2

Change in unrealized gains/losses on available-for-sale securities
(517.3
)
 
179.0

 
(338.3
)
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
14.4

(1) 
(5.1
)
 
9.3

Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(2.0
)
 
0.7

 
(1.3
)
Change in unrealized gains/losses on derivatives
12.4

 
(4.4
)
 
8.0

 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(3.4
)
 
1.2

 
(2.2
)
Change in pension and other postretirement benefits liability
(3.4
)
 
1.2

 
(2.2
)
Change in Other comprehensive income (loss)
$
(508.3
)
 
$
175.8

 
$
(332.5
)
(1) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.

 
Nine Months Ended September 30, 2014
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
2,083.1

 
$
(730.5
)
 
$
1,352.6

Equity securities
(15.7
)
 
4.1

 
(11.6
)
Other
(2.5
)
 
0.9

 
(1.6
)
OTTI
30.2

 
(10.6
)
 
19.6

Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statement of Operations
(36.3
)
 
12.7

 
(23.6
)
DAC/VOBA
(589.4
)
(1) 
206.3

 
(383.1
)
Sales inducements
(16.5
)
 
5.8

 
(10.7
)
Change in unrealized gains/losses on available-for-sale securities
1,452.9

 
(511.3
)
 
941.6

 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
60.8

(2) 
(21.3
)
 
39.5

Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statement of Operations
(5.1
)
 
1.8

 
(3.3
)
Change in unrealized gains/losses on derivatives
55.7

 
(19.5
)
 
36.2

 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statement of Operations
(10.3
)
 
3.6

 
(6.7
)
Change in pension and other postretirement benefits liability
(10.3
)
 
3.6

 
(6.7
)
Change in Other comprehensive income (loss)
$
1,498.3

 
$
(527.2
)
 
$
971.1

(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.