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Accumulated Other Comprehensive Income (Tables)
 9 Months Ended
Sep. 30, 2013
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Components of Accumulated Other Comprehensive Income
The balance of and changes in each component of accumulated other comprehensive income (loss) (“AOCI”) for the nine months ended September 30, 2013 and 2012 are as follows (dollars in thousands):
 
 
 
Accumulated Other Comprehensive Income (Loss), Net of Income Tax
 
 
Accumulated
Currency
Translation
Adjustments
 
Unrealized
Appreciation
(Depreciation)
of Investments(1)
 
Pension and
Postretirement
Benefits
 
Total
Balance, December 31, 2012
 
$
267,475

 
$
1,877,657

 
$
(36,230
)
 
$
2,108,902

Other comprehensive income (loss) before reclassifications
 
(75,798
)
 
(936,847
)
 
(82
)
 
(1,012,727
)
Amounts reclassified to AOCI
 
—

 
1,527

 
2,299

 
3,826

Net current-period other comprehensive income (loss)
 
(75,798
)
 
(935,320
)
 
2,217

 
(1,008,901
)
Balance, September 30, 2013
 
$
191,677

 
$
942,337

 
$
(34,013
)
 
$
1,100,001

 
 
 
Accumulated Other Comprehensive Income (Loss), Net of Income Tax
 
 
Accumulated
Currency
Translation
Adjustments
 
Unrealized
Appreciation
(Depreciation)
of Investments(1)
 
Pension and
Postretirement
Benefits
 
Total
Balance, December 31, 2011
 
$
229,795

 
$
1,419,318

 
$
(30,960
)
 
$
1,618,153

Change in component during the period
 
43,463

 
488,194

 
1,837

 
533,494

Balance, September 30, 2012
 
$
273,258

 
$
1,907,512

 
$
(29,123
)
 
$
2,151,647

 
(1)
Includes cash flow hedges. See Note 5 - “Derivative Instruments” for additional information on cash flow hedges.
Reclassification Out Of Accumulated Other Comprehensive Income
The following table presents the amounts of AOCI reclassifications for the three and nine months ended September 30, 2013 (dollars in thousands):
 
 
Amount Reclassified from AOCI
 
 
Details about AOCI Components
 
Three months ended September 30, 2013
 
Nine months ended September 30, 2013
 
Affected Line Item in Statement of Income         
Unrealized gains and losses on available-for-sale securities
 
$
(12,736
)
 
$
11,122

 
Investment related gains (losses), net
Gains and losses on cash flow hedge - interest rate swap
 
291

 
796

 
Investment income
Deferred policy acquisition costs attributed to unrealized gains and losses(1)
 
(602
)
 
(15,433
)
 
 
 
 
(13,047
)
 
(3,515
)
 
Total before tax
 
 
5,009

 
1,988

 
Tax expense
 
 
$
(8,038
)
 
$
(1,527
)
 
Net of tax
Amortization of unrealized pension and postretirement benefits:
 
 
 
 
 
 
Prior service cost(2)
 
$
(152
)
 
$
(459
)
 
 
Actuarial gains/(losses)(2)
 
(1,087
)
 
(3,078
)
 
 
 
 
(1,239
)
 
(3,537
)
 
Total before tax
 
 
434

 
1,238

 
Tax benefit
 
 
$
(805
)
 
$
(2,299
)
 
Net of tax
 
 
 
 


 
 
Total reclassifications for the period
 
$
(8,843
)
 
$
(3,826
)
 
Net of tax
 
(1)
This AOCI component is included in the computation of the deferred policy acquisition cost. See Note 8 – “Deferred Policy Acquisition Costs” of the 2012 Annual Report for additional details.
(2)
These AOCI components are included in the computation of the net periodic pension cost. See Note 9 – “Employee Benefit Plans” for additional details.