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Accumulated Other Comprehensive Income
 6 Months Ended
Jun. 30, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Components of our accumulated other comprehensive income (loss), after tax, and related changes are as follows:
 
 
 
Net Unrealized Gain on Securities
 
Net Gain on Cash Flow Hedges
 
Foreign Currency Translation Adjustment
 
Unrecognized Pension and Postretirement Benefit Costs
 
Total
 
 
 
(in millions of dollars)
Balance at March 31, 2017
$
483.0

 
$
316.8

 
$
(336.9
)
 
$
(462.5
)
 
$
0.4

 
Other Comprehensive Income (Loss) Before Reclassifications
 
76.6

 
(3.4
)
 
39.8

 
(1.4
)
 
111.6

 
Amounts Reclassified from Accumulated Other Comprehensive Income or Loss
 
(1.4
)
 
(8.9
)
 
—

 
3.2

 
(7.1
)
 
Net Other Comprehensive Income (Loss)
 
75.2

 
(12.3
)
 
39.8

 
1.8

 
104.5

Balance at June 30, 2017
$
558.2

 
$
304.5

 
$
(297.1
)
 
$
(460.7
)
 
$
104.9

 
 
 
 
 
 
 
 
 
 
 
 
Balance at March 31, 2016
$
438.4

 
$
351.8

 
$
(200.0
)
 
$
(389.5
)
 
$
200.7

 
Other Comprehensive Income (Loss) Before Reclassifications
 
222.0

 
(0.2
)
 
(79.4
)
 
1.5

 
143.9

 
Amounts Reclassified from Accumulated Other Comprehensive Income or Loss
 
0.7

 
(8.0
)
 
—

 
2.5

 
(4.8
)
 
Net Other Comprehensive Income (Loss)
 
222.7

 
(8.2
)
 
(79.4
)
 
4.0

 
139.1

Balance at June 30, 2016
$
661.1

 
$
343.6

 
$
(279.4
)
 
$
(385.5
)
 
$
339.8

 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2016
$
440.6

 
$
327.5

 
$
(354.0
)
 
$
(465.1
)
 
$
(51.0
)
 
Other Comprehensive Income (Loss) Before Reclassifications
 
121.3

 
(6.1
)
 
56.9

 
(2.0
)
 
170.1

 
Amounts Reclassified from Accumulated Other Comprehensive Income or Loss
 
(3.7
)
 
(16.9
)
 
—

 
6.4

 
(14.2
)
 
Net Other Comprehensive Income (Loss)
 
117.6

 
(23.0
)
 
56.9

 
4.4

 
155.9

Balance at June 30, 2017
$
558.2

 
$
304.5

 
$
(297.1
)
 
$
(460.7
)
 
$
104.9

 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2015
$
204.3

 
$
378.0

 
$
(173.6
)
 
$
(392.6
)
 
$
16.1

 
Other Comprehensive Income (Loss) Before Reclassifications
 
445.8

 
(16.1
)
 
(105.8
)
 
2.0

 
325.9

 
Amounts Reclassified from Accumulated Other Comprehensive Income or Loss
 
11.0

 
(18.3
)
 
—

 
5.1

 
(2.2
)
 
Net Other Comprehensive Income (Loss)
 
456.8

 
(34.4
)
 
(105.8
)
 
7.1

 
323.7

Balance at June 30, 2016
$
661.1

 
$
343.6

 
$
(279.4
)
 
$
(385.5
)
 
$
339.8



The net unrealized gain on securities consists of the following components:
 
 
 
 
 
 
 
 
Change at June 30, 2017
 
 
June 30
 
March 31
 
December 31
 
Three Months
 
Six Months
 
 
2017
 
2017
 
2016
 
Ended
 
Ended
 
 
(in millions of dollars)
Fixed Maturity Securities
 
$
5,492.2

 
$
4,925.6

 
$
4,664.6

 
$
566.6

 
$
827.6

Other Investments
 
(4.6
)
 
(17.8
)
 
(22.7
)
 
13.2

 
18.1

Deferred Acquisition Costs
 
(45.8
)
 
(40.9
)
 
(38.9
)
 
(4.9
)
 
(6.9
)
Reserves for Future Policy and Contract Benefits
 
(4,948.2
)
 
(4,467.3
)
 
(4,253.2
)
 
(480.9
)
 
(695.0
)
Reinsurance Recoverable
 
360.7

 
335.6

 
321.3

 
25.1

 
39.4

Income Tax
 
(296.1
)
 
(252.2
)
 
(230.5
)
 
(43.9
)
 
(65.6
)
Total
 
$
558.2

 
$
483.0

 
$
440.6

 
$
75.2

 
$
117.6

 
 
 
 
 
 
 
 
Change at June 30, 2016
 
 
June 30
 
March 31
 
December 31
 
Three Months
 
Six Months
 
 
2016
 
2016
 
2015
 
Ended
 
Ended
 
 
(in millions of dollars)
Fixed Maturity Securities
 
$
6,299.5

 
$
4,894.5

 
$
3,695.7

 
$
1,405.0

 
$
2,603.8

Other Investments
 
(21.3
)
 
(18.1
)
 
(33.7
)
 
(3.2
)
 
12.4

Deferred Acquisition Costs
 
(52.5
)
 
(42.0
)
 
(29.4
)
 
(10.5
)
 
(23.1
)
Reserves for Future Policy and Contract Benefits
 
(5,578.6
)
 
(4,466.5
)
 
(3,578.4
)
 
(1,112.1
)
 
(2,000.2
)
Reinsurance Recoverable
 
366.0

 
310.2

 
263.2

 
55.8

 
102.8

Income Tax
 
(352.0
)
 
(239.7
)
 
(113.1
)
 
(112.3
)
 
(238.9
)
Total
 
$
661.1

 
$
438.4

 
$
204.3

 
$
222.7

 
$
456.8



Amounts reclassified from accumulated other comprehensive income or loss were recognized in our consolidated statements of income as follows:
 
 
 
Three Months Ended June 30
 
Six Months Ended June 30
 
 
 
2017
 
2016
 
2017
 
2016
 
 
 
(in millions of dollars)
Net Unrealized Gain on Securities
 
 
 
 
 
 
 
 
Net Realized Investment Gain (Loss)
 
 
 
 
 
 
 
 
 
Net Gain on Sales of Securities and Other Invested Assets
$
2.2

 
$
8.1

 
$
5.6

 
$
13.7

 
 
Other-Than-Temporary Impairment Loss
—

 
(9.4
)
 
—

 
(30.5
)
 
 
 
2.2

 
(1.3
)
 
5.6

 
(16.8
)
 
Income Tax Expense (Benefit)
0.8

 
(0.6
)
 
1.9

 
(5.8
)
 
Total
$
1.4

 
$
(0.7
)
 
$
3.7

 
$
(11.0
)
 
 
 
 
 
 
 
 
 
 
Net Gain on Cash Flow Hedges
 
 
 
 
 
 
 
 
Net Investment Income
 
 
 
 
 
 
 
 
 
Gain on Interest Rate Swaps and Forwards
$
14.8

 
$
13.6

 
$
29.1

 
$
26.8

 
 
Loss on Foreign Exchange Contracts
(0.2
)
 
(0.4
)
 
(0.5
)
 
(0.5
)
 
Net Realized Investment Gain (Loss)
 
 
 
 
 
 
 
 
 
Gain on Interest Rate Swaps
—

 
—

 
—

 
3.2

 
 
Loss on Foreign Exchange Contracts
(0.3
)
 
(0.5
)
 
(1.5
)
 
(0.5
)
 
Interest and Debt Expense
 
 
 
 
 
 
 
 
 
Loss on Interest Rate Swaps
(0.5
)
 
(0.4
)
 
(1.0
)
 
(0.9
)
 
 
 
13.8

 
12.3

 
26.1

 
28.1

 
Income Tax Expense
4.9

 
4.3

 
9.2

 
9.8

 
Total
$
8.9

 
$
8.0

 
$
16.9

 
$
18.3

 
 
 
 
 
 
 
 
 
 
Unrecognized Pension and Postretirement Benefit Costs
 
 
 
 
 
 
 
 
Other Expenses
 
 
 
 
 
 
 
 
 
Amortization of Net Actuarial Loss
$
(5.0
)
 
$
(4.0
)
 
$
(10.1
)
 
$
(8.1
)
 
 
Amortization of Prior Service Credit
0.1

 
0.1

 
0.3

 
0.2

 
 
 
(4.9
)
 
(3.9
)
 
(9.8
)
 
(7.9
)
 
Income Tax Benefit
(1.7
)
 
(1.4
)
 
(3.4
)
 
(2.8
)
 
Total
$
(3.2
)
 
$
(2.5
)
 
$
(6.4
)
 
$
(5.1
)