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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2022
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 (Loss) on SecuritiesNet Gain on HedgesForeign Currency Translation AdjustmentUnrecognized Pension and Postretirement Benefit CostsTotal
(in millions of dollars)
Balance at June 30, 2022$(1,064.9)$46.4 $(366.9)$(386.8)$(1,772.2)
Other Comprehensive Income (Loss) Before Reclassifications(1,275.5)(23.0)(71.1)2.8 (1,366.8)
Amounts Reclassified from Accumulated Other Comprehensive Income or Loss11.1 (9.9)— 3.1 4.3 
Net Other Comprehensive Income (Loss)(1,264.4)(32.9)(71.1)5.9 (1,362.5)
Balance at September 30, 2022$(2,329.3)$13.5 $(438.0)$(380.9)$(3,134.7)
Balance at June 30, 2021$911.4 $77.5 $(244.7)$(522.1)$222.1 
Other Comprehensive Income (Loss) Before Reclassifications(79.3)3.9 (30.5)1.4 (104.5)
Amounts Reclassified from Accumulated Other Comprehensive Income or Loss3.9 (11.9)— 4.3 (3.7)
Net Other Comprehensive Income (Loss)(75.4)(8.0)(30.5)5.7 (108.2)
Balance at September 30, 2021$836.0 $69.5 $(275.2)$(516.4)$113.9 
Balance at December 31, 2021$962.2 $61.8 $(273.9)$(396.0)$354.1 
Other Comprehensive Income (Loss) Before Reclassifications(3,315.4)(17.1)(164.1)5.9 (3,490.7)
Amounts Reclassified from Accumulated Other Comprehensive Income or Loss23.9 (31.2)— 9.2 1.9 
Net Other Comprehensive Income (Loss)(3,291.5)(48.3)(164.1)15.1 (3,488.8)
Balance at September 30, 2022$(2,329.3)$13.5 $(438.0)$(380.9)$(3,134.7)
Balance at December 31, 2020$1,067.7 $97.8 $(261.3)$(530.0)$374.2 
Other Comprehensive Income (Loss) Before Reclassifications(295.1)10.8 (13.9)0.4 (297.8)
Amounts Reclassified from Accumulated Other Comprehensive Income or Loss63.4 (39.1)— 13.2 37.5 
Net Other Comprehensive Income (Loss)(231.7)(28.3)(13.9)13.6 (260.3)
Balance at September 30, 2021$836.0 $69.5 $(275.2)$(516.4)$113.9 
The net unrealized gain (loss) on securities consists of the following components:
Change at September 30, 2022
September 30June 30December 31Three Months
Nine Months
202220222021EndedEnded
(in millions of dollars)
Fixed Maturity Securities$(3,568.6)$(1,122.0)$5,949.3 $(2,446.6)$(9,517.9)
Deferred Acquisition Costs13.5 (8.1)(70.4)21.6 83.9 
Reserves for Future Policy and Contract Benefits764.3 (104.2)(4,659.5)868.5 5,423.8 
Reinsurance Recoverable(24.7)19.7 132.1 (44.4)(156.8)
Income Tax486.2 149.7 (389.3)336.5 875.5 
Total$(2,329.3)$(1,064.9)$962.2 $(1,264.4)$(3,291.5)

Change at September 30, 2021
September 30June 30December 31Three Months
Nine Months
202120212020EndedEnded
(in millions of dollars)
Fixed Maturity Securities$6,273.3 $6,603.1 $7,597.6 $(329.8)$(1,324.3)
Deferred Acquisition Costs(73.0)(79.8)(85.1)6.8 12.1 
Reserves for Future Policy and Contract Benefits(5,143.9)(5,386.6)(6,225.6)242.7 1,081.7 
Reinsurance Recoverable138.2 152.8 200.2 (14.6)(62.0)
Income Tax(358.6)(378.1)(419.4)19.5 60.8 
Total$836.0 $911.4 $1,067.7 $(75.4)$(231.7)
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
2022202120222021
(in millions of dollars)
Net Unrealized Loss on Securities
Net Investment Gain (Loss)
Gain (Loss) on Sales of Securities$(13.4)$(4.9)$(25.6)$62.8 
Credit Losses on Fixed Maturity Securities(0.5)— (4.6)(9.3)
Loss on Benefits and Change in Reserves for Future Benefits— — — (133.1)
(13.9)(4.9)(30.2)(79.6)
Income Tax Benefit(2.8)(1.0)(6.3)(16.2)
Total$(11.1)$(3.9)$(23.9)$(63.4)
Net Gain on Hedges
Net Investment Income
Gain on Interest Rate Swaps and Forwards$14.1 $14.5 $40.5 $46.2 
Gain (Loss) on Foreign Exchange Contracts(1.5)0.3 (1.0)1.2 
Net Investment Gain
Gain on Interest Rate Swaps— 0.2 — 2.0 
Gain on Foreign Exchange Contracts— 0.1 — 0.1 
12.6 15.1 39.5 49.5 
Income Tax Expense2.7 3.2 8.3 10.4 
Total$9.9 $11.9 $31.2 $39.1 
Unrecognized Pension and Postretirement Benefit Costs
Other Expenses
Amortization of Net Actuarial Loss$(4.0)$(5.5)$(11.8)$(16.9)
Amortization of Prior Service Credit0.1 0.1 0.2 0.2 
(3.9)(5.4)(11.6)(16.7)
Income Tax Benefit(0.8)(1.1)(2.4)(3.5)
Total$(3.1)$(4.3)$(9.2)$(13.2)