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Comprehensive Income
 6 Months Ended
Jun. 30, 2022
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Comprehensive Income Comprehensive Income
The components of comprehensive income, both gross and net of tax, for Second Quarter and Six Months 2022 and 2021 are as follows:

Second Quarter 2022   
($ in thousands)GrossTaxNet
Net income$49,904 10,384 39,520 
Components of OCI:   
Unrealized losses on investment securities:
   
Unrealized holding losses during the period(222,903)(46,810)(176,093)
Unrealized losses on securities with credit loss recognized in earnings(72,691)(15,264)(57,427)
Amounts reclassified into net income:
HTM securities— — — 
Net realized losses on disposals and intent-to-sell AFS securities18,170 3,816 14,354 
Credit loss expense15,519 3,258 12,261 
    Total unrealized losses on investment securities(261,905)(55,000)(206,905)
Defined benefit pension and post-retirement plans:   
Amounts reclassified into net income:   
Net actuarial loss417 87 330 
    Total defined benefit pension and post-retirement plans417 87 330 
Other comprehensive loss(261,488)(54,913)(206,575)
Comprehensive loss$(211,584)(44,529)(167,055)
Second Quarter 2021   
($ in thousands)GrossTaxNet
Net income$153,198 31,315 121,883 
Components of OCI:   
Unrealized gains on investment securities:
   
Unrealized holding gains during the period35,553 7,467 28,086 
Unrealized gains on securities with credit loss recognized in earnings9,985 2,097 7,888 
Amounts reclassified into net income:
HTM securities(3)(1)(2)
Net realized losses on disposals and intent-to-sell AFS securities58 12 46 
Credit loss benefit(2,272)(477)(1,795)
    Total unrealized gains on investment securities43,321 9,098 34,223 
Defined benefit pension and post-retirement plans:   
Amounts reclassified into net income:   
Net actuarial loss693 145 548 
    Total defined benefit pension and post-retirement plans693 145 548 
Other comprehensive income44,014 9,243 34,771 
Comprehensive income$197,212 40,558 156,654 
Six Months 2022   
($ in thousands)GrossTaxNet
Net income$119,794 23,944 95,850 
Components of OCI:  
Unrealized losses on investment securities:
  
Unrealized holding losses during the period(484,735)(101,794)(382,941)
Unrealized losses on securities with credit loss recognized in earnings(159,312)(33,455)(125,857)
Amounts reclassified into net income:
HTM securities1 — 1 
Net realized losses on disposals and intent-to-sell AFS securities34,161 7,174 26,987 
Credit loss expense37,571 7,889 29,682 
    Total unrealized losses on investment securities(572,314)(120,186)(452,128)
Defined benefit pension and post-retirement plans:   
Amounts reclassified into net income:   
Net actuarial loss834 175 659 
    Total defined benefit pension and post-retirement plans834 175 659 
Other comprehensive loss(571,480)(120,011)(451,469)
Comprehensive income$(451,686)(96,067)(355,619)
Six Months 2021   
($ in thousands)GrossTaxNet
Net income$288,830 57,677 231,153 
Components of OCI:   
Unrealized losses on investment securities:
   
Unrealized holding losses during the period(67,755)(14,228)(53,527)
Unrealized losses on securities with credit loss recognized in earnings(1,335)(280)(1,055)
Amounts reclassified into net income:
HTM securities(5)(1)(4)
Net realized losses on disposals and intent-to-sell AFS securities662 139 523 
Credit loss expense2,725 572 2,153 
    Total unrealized losses on investment securities(65,708)(13,798)(51,910)
Defined benefit pension and post-retirement plans:   
Amounts reclassified into net income:   
Net actuarial loss1,386 291 1,095 
    Total defined benefit pension and post-retirement plans1,386 291 1,095 
Other comprehensive loss(64,322)(13,507)(50,815)
Comprehensive income$224,508 44,170 180,338 

The balances of, and changes in, each component of AOCI (net of taxes) as of June 30, 2022, were as follows:

June 30, 2022Net Unrealized (Losses) Gains on Investment SecuritiesDefined Benefit
Pension and Post-Retirement Plans		Total AOCI
($ in thousands)
Credit Loss Related1
HTM
Related		All
Other		Investments
Subtotal
Balance, December 31, 2021
$(4,287)(3)185,170 180,880 (65,781)115,099 
OCI before reclassifications(125,857)— (382,941)(508,798)— (508,798)
Amounts reclassified from AOCI29,682 1 26,987 56,670 659 57,329 
Net current period OCI(96,175)1 (355,954)(452,128)659 (451,469)
Balance, June 30, 2022
$(100,462)(2)(170,784)(271,248)(65,122)(336,370)
1Represents change in unrealized loss on securities with credit loss recognized in earnings.
The reclassifications out of AOCI were as follows:

Quarter ended June 30,Six Months ended June 30,Affected Line Item in the Unaudited Consolidated Statements of Income
($ in thousands)2022202120222021
HTM related
Unrealized (gains) losses on HTM disposals$— — $— — Net realized and unrealized investment (losses) gains
Amortization of net unrealized (gains) losses on HTM securities— (3)1 (5)Net investment income earned
— (3)1 (5)Income before federal income tax
— 1 — 1 Total federal income tax expense
— (2)1 (4)Net income
Net realized losses on disposals and intent-to-sell AFS securities
Net realized losses on disposals and intent-to-sell AFS securities18,170 58 34,161 662 Net realized and unrealized investment (losses) gains
18,170 58 34,161 662 Income before federal income tax
(3,816)(12)(7,174)(139)Total federal income tax expense
14,354 46 26,987 523 Net income
Credit loss related
Credit loss expense (benefit)15,519 (2,272)37,571 2,725 Net realized and unrealized investment (losses) gains
15,519 (2,272)37,571 2,725 Income before federal income tax
(3,258)477 (7,889)(572)Total federal income tax expense
12,261 (1,795)29,682 2,153 Net income
Defined benefit pension and post-retirement life plans
Net actuarial loss 84 160 180 319 Loss and loss expense incurred
333 533 654 1,067 Other insurance expenses
Total defined benefit pension and post-retirement life417 693 834 1,386 Income before federal income tax
(87)(145)(175)(291)Total federal income tax expense
330 548 659 1,095 Net income
Total reclassifications for the period$26,945 (1,203)$57,329 3,767 Net income