Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of accumulated other comprehensive income (loss)

The following table reconciles these components.


($ in millions)	Net Unrealized Investment Gains (Losses) on Fixed Maturity Securities(1)		Net Reserve Remeasurements Attributable to Discount Rates(1)		Net Funded Status of Benefit Plans(1)		Total(1)
Beginning balance, April 1, 2023	$	(356.4)	$	17.8	$	(8.8)	$	(347.4)
Other comprehensive income (loss) before reclassifications	(48.9)		25.1		—		(23.8)
Amounts reclassified from AOCI(2)	11.6		—		—		11.6
Net current period other comprehensive income (loss)	(37.3)		25.1		—		(12.2)
Ending balance, June 30, 2023	$	(393.7)	$	42.9	$	(8.8)	$	(359.6)

Beginning balance, April 1, 2022	$	13.0	$	(205.4)	$	(10.2)	$	(202.6)
Other comprehensive income 9losss) before reclassifications	(297.1)		168.5		—		(128.6)
Amounts reclassified from AOCI(3)	2.3		—		—		2.3
Net current period other comprehensive income (loss)	(294.8)		168.5		—		(126.3)
Ending balance, June 30, 2022	$	(281.8)	$	(36.9)	$	(10.2)	$	(328.9)

Beginning balance, January 1, 2023	$	(449.6)	$	59.0	$	(8.8)	$	(399.4)
Other comprehensive income (loss) before reclassifications	42.4		(16.1)		—		26.3
Amounts reclassified from AOCI(2)	13.5		—		—		13.5
Net current period other comprehensive income (loss)	55.9		(16.1)		—		39.8
Ending balance, June 30, 2023	$	(393.7)	$	42.9	$	(8.8)	$	(359.6)

Beginning balance, January 1, 2022	$	347.1	$	(386.9)	$	(10.2)	$	(50.0)
Other comprehensive income (loss) before reclassifications	(633.0)		350.0		—		(283.0)
Amounts reclassified from AOCI(2)	4.1		—		—		4.1
Net current period other comprehensive income (loss)	(628.9)		350.0		—		(278.9)
Ending balance, June 30, 2022	$	(281.8)	$	(36.9)	$	(10.2)	$	(328.9)

(1)All amounts are net of tax.

(2)The pretax amounts reclassified from AOCI, $(14.6) million and $(17.0) million, are included in Net investment gains (losses) and the related income tax benefits, $(3.1) million and $(3.6) million, are included in income tax expense in the Consolidated Statements of Operations for the three and six months ended June 30, 2023, respectively.

(3)The pretax amounts reclassified from AOCI, $(2.9) million and $(5.2) million, are included in Net investment gains (losses) and the related income tax benefits, $(0.6) million and $(1.1) million, are included in income tax expense in the Consolidated Statements of Operations for the three and six months ended June 30, 2022, respectively.