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Other Comprehensive Income
3 Months Ended
Mar. 31, 2015
Other Comprehensive Income [Abstract]  
Other Comprehensive Income

8. Other Comprehensive Income

The following table provides changes in other comprehensive income.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

2015

 

2014

 

 

 

 

 

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 arising during period (net of pre-tax,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ceded unrealized gains of  $0.5 million for the three

months ended March 31, 2014)

 

$

54.7 

 

$

(19.1)

 

$

35.6 

 

$

83.3 

 

$

(26.1)

 

$

57.2 

Amount of realized gains from sales and other

 

 

(12.0)

 

 

1.4 

 

 

(10.6)

 

 

(4.3)

 

 

(4.1)

 

 

(8.4)

Portion of other-than-temporary impairment losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

recognized in earnings

 

 

2.7 

 

 

(0.9)

 

 

1.8 

 

 

 -

 

 

 -

 

 

 -

Net unrealized gains (losses)

 

 

45.4 

 

 

(18.6)

 

 

26.8 

 

 

79.0 

 

 

(30.2)

 

 

48.8 

Pension and postretirement benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net prior service cost arising in the period

 

 

3.0 

 

 

(1.1)

 

 

1.9 

 

 

 -

 

 

 -

 

 

 -

Amortization of net actuarial loss and prior service

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

cost recognized as net periodic benefit cost

 

 

2.6 

 

 

(0.9)

 

 

1.7 

 

 

2.7 

 

 

(0.9)

 

 

1.8 

Cumulative foreign currency translation adjustment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation recognized during

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

the period

 

 

(15.3)

 

 

5.4 

 

 

(9.9)

 

 

(0.1)

 

 

 -

 

 

(0.1)

Other comprehensive income (loss)

 

$

35.7 

 

$

(15.2)

 

$

20.5 

 

$

81.6 

 

$

(31.1)

 

$

50.5 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassifications out of accumulated other comprehensive income were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

 

 

March 31,

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

12.0 

 

$

4.3 

 

Net realized gains from sales and other

 

 

 

 

 

 

 

 

Net other-than-temporary impairment

 

 

 

(2.7)

 

 

 -

 

losses on investments recognized
in earnings

 

 

 

9.3 

 

 

4.3 

 

Total before tax

 

 

 

(0.5)

 

 

4.1 

 

Tax (expense) benefit

 

 

 

8.8 

 

 

8.4 

 

Net of tax

Amortization of defined benefit pension

 

 

 

 

 

 

 

Loss adjustment expenses and other

and postretirement plans

 

 

(2.6)

 

 

(2.7)

 

operating expenses

 

 

 

0.9 

 

 

0.9 

 

Tax benefit

 

 

 

(1.7)

 

 

(1.8)

 

Net of tax

Total reclassifications for the period

 

$

7.1 

 

$

6.6 

 

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 three months ended March 31, 2015 and 2014.