Other Comprehensive Income

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

Other Comprehensive Income

7. Other Comprehensive Income

The following table provides changes in other comprehensive income.

	Three Months Ended June 30,
	2014						2013
			Tax						Tax
			Benefit		Net of				Benefit		Net of
(in millions)	Pre-Tax		(Expense)		Tax		Pre-Tax		(Expense)		Tax
Unrealized gains (losses) on available-for-sale securities and
derivative instruments:
Unrealized gains (losses) arising during period (net of
pre-tax, ceded unrealized gains (losses) of$0.7 million
and ($0.8) million for the three months ended
June 30, 2014 and 2013)	$	83.2		(29.2)		54.0	$	(190.0)	$	66.7	$	(123.3)
Less:
Amount of realized gains from sales and other		(22.4)		2.6		(19.8)		(15.0)		0.2		(14.8)
Portion of other-than-temporary impairment losses
recognized in earnings		0.1		-		0.1		1.1		(0.4)		0.7
Net unrealized gains (losses)		60.9		(26.6)		34.3		(203.9)		66.5		(137.4)
Pension and postretirement benefits:
Amortization of net actuarial loss and prior service cost
recognized as net periodic benefit cost		2.5		(0.9)		1.6		6.3		(2.2)		4.1
Cumulative foreign currency translation adjustment:
Foreign currency translation recognized during
the period		4.8		(1.7)		3.1		(0.1)		-		(0.1)
Other comprehensive income (loss)	$	68.2	$	(29.2)	$	39.0	$	(197.7)	$	64.3	$	(133.4)
	Six Months Ended June 30,
	2014						2013
			Tax						Tax
			Benefit		Net of				Benefit		Net of
(in millions)	Pre-Tax		(Expense)		Tax		Pre-Tax		(Expense)		Tax
Unrealized gains (losses) on available-for-sale securities and
derivative instruments:
Unrealized gains (losses) arising during period (net of
pre-tax, ceded unrealized gains (losses) of $1.2 million
and ($0.8) million for the six months ended June 30, 2014
and 2013)	$	166.5	$	(55.3)	$	111.2	$	(165.0)	$	57.9	$	(107.1)
Less:
Amount of realized gains from sales and other		(26.7)		(1.5)		(28.2)		(23.8)		(2.1)		(25.9)
Portion of other-than-temporary impairment losses
recognized in earnings		0.1		-		0.1		1.6		(0.6)		1.0
Net unrealized gains (losses)		139.9		(56.8)		83.1		(187.2)		55.2		(132.0)
Pension and postretirement benefits:
Amortization of net actuarial loss and prior service cost
recognized as net periodic benefit cost		5.2		(1.8)		3.4		9.2		(3.2)		6.0
Cumulative foreign currency translation adjustment:
Foreign currency translation recognized during
the period		4.7		(1.7)		3.0		(15.5)		5.4		(10.1)
Other comprehensive income (loss)	$	149.8	$	(60.3)	$	89.5	$	(193.5)	$	57.4	$	(136.1)

Reclassifications out of accumulated other comprehensive income were as follows:

	Three Months Ended				Six Months Ended
		June 30,			June 30,
(in millions)		2014	2013		2014		2013
	Amount Reclassified from
Details about Accumulated Other	Accumulated Other								Affected Line Item in the Statement
Comprehensive Income Components	Comprehensive Income								Where Net Income is Presented
Unrealized gains on available-for-sale
securities and derivative instruments	$	22.4	$	15.1	$	26.7	$	23.8	Net realized gains from sales and other
									Net other-than-temporary impairment
									(losses) on investments recognized
		(0.1)		(1.1)		(0.1)		(1.6)	in earnings
Other		-		(0.1)		-		-
		22.3		13.9		26.6		22.2	Total before tax
		(2.6)		0.2		1.5		2.7	Tax (expense) benefit
		19.7		14.1		28.1		24.9	Net of tax
Amortization of defined benefit pension									Loss adjustment expenses and other
and postretirement plans		(2.5)		(6.3)		(5.2)		(9.2)	operating expenses
		0.9		2.2		1.8		3.2	Tax benefit
		(1.6)		(4.1)		(3.4)		(6.0)	Net of tax
Total reclassifications for the period	$	18.1	$	10.0	$	24.7	$	18.9	Net of tax

The amount reclassified from accumulated other comprehensive income for the pension and postretirement benefits was allocated approximately 40% to loss adjustment expenses and 60% to other operating expenses for the six months ended June 30, 2014 and 2013.