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Comprehensive Income (Tables)
 9 Months Ended
Sep. 30, 2015
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Schedule of Components of Comprehensive Income-Gross and Net of Tax
Third Quarter 2015
 
 
 
 
 
 
($ in thousands)
 
Gross
 
Tax
 
Net
Net income
 
$
65,839

 
18,843

 
46,996

Components of OCI:
 
 

 
 

 
 

Unrealized gains on investment securities:
 
 

 
 

 
 

Unrealized holding gains during the period
 
8,371

 
2,929

 
5,442

Amounts reclassified into net income:
 
 
 
 
 
 
HTM securities
 
(97
)
 
(34
)
 
(63
)
Realized gains on AFS securities
 
(305
)
 
(106
)
 
(199
)
Net unrealized gains
 
7,969

 
2,789

 
5,180

Defined benefit pension and post-retirement plans:
 
 

 
 

 
 

Amounts reclassified into net income:
 
 

 
 

 
 

Net actuarial loss
 
1,709

 
599

 
1,110

Defined benefit pension and post-retirement plans
 
1,709

 
599

 
1,110

Other comprehensive income
 
9,678

 
3,388

 
6,290

Comprehensive income
 
$
75,517

 
22,231

 
53,286



Third Quarter 2014
 
 
 
 
 
 
($ in thousands)
 
Gross
 
Tax
 
Net
Net income
 
$
75,326

 
22,164

 
53,162

Components of OCI:
 
 

 
 

 
 

Unrealized losses on investment securities:
 
 

 
 

 
 

Unrealized holding losses during the period
 
(13,831
)
 
(4,843
)
 
(8,988
)
Amounts reclassified into net income:
 
 
 
 
 
 
HTM securities
 
(373
)
 
(130
)
 
(243
)
Non-credit OTTI
 
1,200

 
420

 
780

Realized gains on AFS securities
 
(16,435
)
 
(5,752
)
 
(10,683
)
Net unrealized losses
 
(29,439
)
 
(10,305
)
 
(19,134
)
Defined benefit pension and post-retirement plans:
 
 

 
 

 
 

Amounts reclassified into net income:
 
 

 
 

 
 

Net actuarial loss
 
381

 
134

 
247

Defined benefit pension and post-retirement plans
 
381

 
134

 
247

Other comprehensive loss
 
(29,058
)
 
(10,171
)
 
(18,887
)
Comprehensive income
 
$
46,268

 
11,993

 
34,275


Nine Months 2015
 
 
 
 
 
 
($ in thousands)
 
Gross
 
Tax
 
Net
Net income
 
$
168,894

 
48,422

 
120,472

Components of OCI:
 
 

 
 

 
 

Unrealized losses on investment securities:
 
 

 
 

 
 

Unrealized holding losses during the period
 
(27,896
)
 
(9,764
)
 
(18,132
)
Amounts reclassified into net income:
 
 
 
 
 
 
HTM securities
 
(543
)
 
(190
)
 
(353
)
Non-credit OTTI
 
357

 
125

 
232

Realized gains on AFS securities
 
(16,778
)
 
(5,872
)
 
(10,906
)
Net unrealized losses
 
(44,860
)
 
(15,701
)
 
(29,159
)
Defined benefit pension and post-retirement plans:
 
 

 
 

 
 

Amounts reclassified into net income:
 
 

 
 

 
 

Net actuarial loss
 
5,127

 
1,795

 
3,332

Defined benefit pension and post-retirement plans
 
5,127

 
1,795

 
3,332

Other comprehensive loss
 
(39,733
)
 
(13,906
)
 
(25,827
)
Comprehensive income
 
$
129,161

 
34,516

 
94,645


Nine Months 2014
 
 
 
 
 
 
($ in thousands)
 
Gross
 
Tax
 
Net
Net income
 
$
139,931

 
39,454

 
100,477

Components of OCI:
 
 

 
 
 
 
Unrealized gains on investment securities:
 
 

 
 
 
 
Unrealized holding gains during the period
 
64,255

 
22,488

 
41,767

Amounts reclassified into net income:
 
 
 
 
 
 
HTM securities
 
(1,050
)
 
(367
)
 
(683
)
Non-credit OTTI
 
1,669

 
584

 
1,085

Realized gains on AFS securities
 
(28,672
)
 
(10,035
)
 
(18,637
)
Net unrealized gains
 
36,202

 
12,670

 
23,532

Defined benefit pension and post-retirement plans:
 
 

 
 

 
 

Amounts reclassified into net income:
 
 

 
 

 
 

Net actuarial loss
 
1,142

 
400

 
742

Defined benefit pension and post-retirement plans
 
1,142

 
400

 
742

Other comprehensive income
 
37,344

 
13,070

 
24,274

Comprehensive income
 
$
177,275

 
52,524

 
124,751
Schedule of Components of Accumulated Other Comprehensive Income
September 30, 2015
 
 
 
 
 
 
 
 
Net Unrealized (Loss) Gain on Investment Securities
 
Defined Benefit
Pension and Post-Retirement Plans
 
Total AOCI
($ in thousands)
 
OTTI
Related
 
HTM
Related
 
All
Other
 
Investments
Subtotal
 
 
Balance, December 31, 2014
 
$
(514
)
 
623

 
80,284

 
80,393

 
(60,605
)
 
19,788

OCI before reclassifications
 
—

 
—

 
(18,132
)
 
(18,132
)
 
—

 
(18,132
)
Amounts reclassified from AOCI
 
232

 
(353
)
 
(10,906
)
 
(11,027
)
 
3,332

 
(7,695
)
Net current period OCI
 
232

 
(353
)
 
(29,038
)
 
(29,159
)
 
3,332

 
(25,827
)
Balance, September 30, 2015
 
$
(282
)
 
270

 
51,246

 
51,234

 
(57,273
)
 
(6,039
)
Schedule of Reclassifications Out Of Accumulated Other Comprehensive Income
 
Quarter ended
September 30,
 
Nine Months ended
September 30,
 
($ in thousands)
2015
 
2014
 
2015
 
2014
Affected Line Item in the Unaudited Consolidated Statement of Income
OTTI related
 
 
 
 
 
 
 
 
Non-credit OTTI on disposed securities
$
—

 
1,200

 
357

 
1,669

Net realized gains
 
—

 
1,200

 
357

 
1,669

Income before federal income tax
 
—

 
(420
)
 
(125
)
 
(584
)
Total federal income tax expense
 
—

 
780

 
232

 
1,085

Net income
HTM related
 
 
 
 
 
 
 
 
Unrealized losses on HTM disposals
121

 
12

 
258

 
87

Net realized gains
Amortization of net unrealized gains on HTM securities
(218
)
 
(385
)
 
(801
)
 
(1,137
)
Net investment income earned
 
(97
)
 
(373
)
 
(543
)
 
(1,050
)
Income before federal income tax
 
34

 
130

 
190

 
367

Total federal income tax expense
 
(63
)
 
(243
)
 
(353
)
 
(683
)
Net income
Realized gains on AFS and OTTI
 
 
 
 
 
 
 
 
Realized gains on AFS disposals and OTTI
(305
)
 
(16,435
)
 
(16,778
)
 
(28,672
)
Net realized gains
 
(305
)
 
(16,435
)
 
(16,778
)
 
(28,672
)
Income before federal income tax
 
106

 
5,752

 
5,872

 
10,035

Total federal income tax expense
 
(199
)
 
(10,683
)
 
(10,906
)
 
(18,637
)
Net income
Defined benefit pension and post-retirement life plans
 
 
 
 
 
 
 
 
Net actuarial loss
371

 
88

 
1,114

 
263

Loss and loss expense incurred
 
1,338

 
293

 
4,013

 
879

Policy acquisition costs
Total defined benefit pension and post-retirement life
1,709

 
381

 
5,127

 
1,142

Income before federal income tax
 
(599
)
 
(134
)
 
(1,795
)
 
(400
)
Total federal income tax expense
 
1,110

 
247

 
3,332

 
742

Net income
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
$
848

 
(9,899
)
 
(7,695
)
 
(17,493
)
Net income