Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 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, July 1, 2023	$	(393.7)	$	42.9	$	(8.8)	$	(359.6)
Other comprehensive income (loss) before reclassifications	(143.7)		90.7		—		(53.0)
Amounts reclassified from AOCI(2)	2.7		—		—		2.7
Net current period other comprehensive income (loss)	(141.0)		90.7		—		(50.3)
Ending balance, September 30, 2023	$	(534.7)	$	133.6	$	(8.8)	$	(409.9)

Beginning balance, July 1, 2022	$	(281.8)	$	(36.9)	$	(10.2)	$	(328.9)
Other comprehensive income (loss) before reclassifications	(223.4)		110.7		—		(112.7)
Amounts reclassified from AOCI(3)	8.4		—		—		8.4
Net current period other comprehensive income (loss)	(215.0)		110.7		—		(104.3)
Ending balance, September 30, 2022	$	(496.8)	$	73.8	$	(10.2)	$	(433.2)

Beginning balance, January 1, 2023	$	(449.6)	$	59.0	$	(8.8)	$	(399.4)
Other comprehensive income (loss) before reclassifications	(101.3)		74.6		—		(26.7)
Amounts reclassified from AOCI(2)	16.2		—		—		16.2
Net current period other comprehensive income (loss)	(85.1)		74.6		—		(10.5)
Ending balance, September 30, 2023	$	(534.7)	$	133.6	$	(8.8)	$	(409.9)

Beginning balance, January 1, 2022	$	347.1	$	(386.9)	$	(10.2)	$	(50.0)
Other comprehensive income (loss) before reclassifications	(856.5)		460.7		—		(395.8)
Amounts reclassified from AOCI(2)	12.6		—		—		12.6
Net current period other comprehensive income (loss)	(843.9)		460.7		—		(383.2)
Ending balance, September 30, 2022	$	(496.8)	$	73.8	$	(10.2)	$	(433.2)

(1)All amounts are net of tax.

(2)The pretax amounts reclassified from AOCI, $(3.5) million and $(20.5) million, are included in Net investment gains (losses) and the related income tax benefits, $(0.7) million and $(4.3) million, are included in income tax expense in the Consolidated Statements of Operations for the three and nine months ended September 30, 2023, respectively.

(3)The pretax amounts reclassified from AOCI, $(10.7) million and $(15.9) million, are included in Net investment gains (losses) and the related income tax benefits, $(2.3) million and $(3.4) million, are included in income tax expense in the Consolidated Statements of Operations for the three and nine months ended September 30, 2022, respectively.