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Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of 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 SecuritiesNet Gain on HedgesForeign Currency Translation AdjustmentUnrecognized Pension and Postretirement Benefit CostsTotal
(in millions of dollars)
Balance at June 30, 2020$963.1 $186.2 $(348.2)$(473.9)$327.2 
Other Comprehensive Income (Loss) Before Reclassifications141.3 (12.9)34.5 (1.9)161.0 
Amounts Reclassified from Accumulated Other Comprehensive Income or Loss0.1 (14.6)— 3.9 (10.6)
Net Other Comprehensive Income (Loss)141.4 (27.5)34.5 2.0 150.4 
Balance at September 30, 2020$1,104.5 $158.7 $(313.7)$(471.9)$477.6 
Balance at June 30, 2019$286.9 $218.0 $(307.6)$(439.8)$(242.5)
Other Comprehensive Income (Loss) Before Reclassifications118.8 4.3 (37.6)1.3 86.8 
Amounts Reclassified from Accumulated Other Comprehensive Income or Loss16.4 (18.0)— 4.1 2.5 
Net Other Comprehensive Income (Loss)135.2 (13.7)(37.6)5.4 89.3 
Balance at September 30, 2019$422.1 $204.3 $(345.2)$(434.4)$(153.2)
Balance at December 31, 2019$615.9 $187.8 $(281.6)$(484.8)$37.3 
Other Comprehensive Income (Loss) Before Reclassifications441.7 15.5 (32.1)1.4 426.5 
Amounts Reclassified from Accumulated Other Comprehensive Income or Loss46.9 (44.6)— 11.5 13.8 
Net Other Comprehensive Income (Loss)488.6 (29.1)(32.1)12.9 440.3 
Balance at September 30, 2020$1,104.5 $158.7 $(313.7)$(471.9)$477.6 
Balance at December 31, 2018$(312.4)$250.6 $(305.2)$(447.2)$(814.2)
Other Comprehensive Income (Loss) Before Reclassifications704.8 0.5 (40.0)1.5 666.8 
Amounts Reclassified from Accumulated Other Comprehensive Income or Loss29.7 (46.8)— 11.3 (5.8)
Net Other Comprehensive Income (Loss)734.5 (46.3)(40.0)12.8 661.0 
Balance at September 30, 2019$422.1 $204.3 $(345.2)$(434.4)$(153.2)
Schedule of Components of Unrealized Gain (Loss) on Securities
The net unrealized gain (loss) on securities consists of the following components:

Change at September 30, 2020
September 30June 30December 31Three MonthsNine Months
202020202019EndedEnded
(in millions of dollars)
Fixed Maturity Securities$8,030.8 $7,422.8 $6,364.4 $608.0 $1,666.4 
Deferred Acquisition Costs(75.2)(69.4)(62.7)(5.8)(12.5)
Reserves for Future Policy and Contract Benefits(6,971.3)(6,459.8)(5,803.1)(511.5)(1,168.2)
Reinsurance Recoverable551.9 464.5 424.7 87.4 127.2 
Income Tax(431.7)(395.0)(307.4)(36.7)(124.3)
Total$1,104.5 $963.1 $615.9 $141.4 $488.6 


Change at September 30, 2019
September 30June 30 December 31Three Months Nine Months
201920192018EndedEnded
(in millions of dollars)
Fixed Maturity Securities$6,645.3 $5,635.4 $2,736.5 $1,009.9 $3,908.8 
Deferred Acquisition Costs(64.7)(57.0)(27.9)(7.7)(36.8)
Reserves for Future Policy and Contract Benefits(6,334.2)(5,455.7)(3,220.3)(878.5)(3,113.9)
Reinsurance Recoverable434.1 385.7 261.4 48.4 172.7 
Income Tax(258.4)(221.5)(62.1)(36.9)(196.3)
Total$422.1 $286.9 $(312.4)$135.2 $734.5 
Schedule of Reclassification out of Accumulated Other Comprehensive Income (Loss)
Amounts reclassified from accumulated other comprehensive income (loss) were recognized in our consolidated statements of income as follows:

Three Months Ended September 30Nine Months Ended September 30
2020201920202019
(in millions of dollars)
Net Unrealized Gain on Securities
Net Realized Investment Loss
Loss on Sales of Securities$(0.1)$— $(0.1)$(16.8)
Credit Losses on Fixed Maturity Securities— (20.8)(59.3)(20.8)
(0.1)(20.8)(59.4)(37.6)
Income Tax Expense (Benefit)— (4.4)(12.5)(7.9)
Total$(0.1)$(16.4)$(46.9)$(29.7)
Net Gain on Hedges
Net Investment Income
Gain on Interest Rate Swaps and Forwards$18.2 $19.0 $55.9 $54.0 
Gain (Loss) on Foreign Exchange Contracts0.5 (0.1)1.5 (0.3)
Net Realized Investment Gain (Loss)
Gain on Interest Rate Swaps— 4.4 0.4 8.8 
Loss on Foreign Exchange Contracts0.2 0.8 0.2 (1.0)
Interest and Debt Expense
Loss on Interest Rate Swaps(0.4)(0.6)(1.5)(1.6)
Loss on Forward— (0.6)— (0.6)
18.5 22.9 56.5 59.3 
Income Tax Expense3.9 4.9 11.9 12.5 
Total$14.6 $18.0 $44.6 $46.8 
Unrecognized Pension and Postretirement Benefit Costs
Other Expenses
Amortization of Net Actuarial Loss$(4.9)$(4.6)$(14.8)$(13.9)
Amortization of Prior Service Credit0.1 0.1 0.2 0.2 
(4.8)(4.5)(14.6)(13.7)
Income Tax Expense (Benefit)(0.9)(0.4)(3.1)(2.4)
Total$(3.9)$(4.1)$(11.5)$(11.3)