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Other Comprehensive Income (Tables)
6 Months Ended
Jun. 30, 2016
Other Comprehensive Income [Abstract]  
Changes in Other Comprehensive Income



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended June 30,



 

2016

 

2015



 

 

 

 

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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gains (losses) arising during period

 

$

124.1 

 

$

(43.3)

 

$

80.8 

 

$

(128.2)

 

$

44.8 

 

$

(83.4)

Amount of realized gains from sales and other

 

 

(4.5)

 

 

(2.5)

 

 

(7.0)

 

 

(14.4)

 

 

1.9 

 

 

(12.5)

Portion of other-than-temporary impairment losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

recognized in earnings

 

 

5.0 

 

 

(1.8)

 

 

3.2 

 

 

1.9 

 

 

(0.7)

 

 

1.2 

Net unrealized gains (losses)

 

 

124.6 

 

 

(47.6)

 

 

77.0 

 

 

(140.7)

 

 

46.0 

 

 

(94.7)

Pension and postretirement benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net actuarial losses and prior service cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

arising in the period

 

 

 -

 

 

 -

 

 

 -

 

 

(4.2)

 

 

0.9 

 

 

(3.3)

Amortization of net actuarial loss and prior service

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

cost recognized as net periodic benefit cost

 

 

2.5 

 

 

(0.8)

 

 

1.7 

 

 

4.7 

 

 

(1.3)

 

 

3.4 

Net pension and postretirement benefits

 

 

2.5 

 

 

(0.8)

 

 

1.7 

 

 

0.5 

 

 

(0.4)

 

 

0.1 

Cumulative foreign currency translation adjustment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation recognized during

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

the period

 

 

(1.1)

 

 

0.4 

 

 

(0.7)

 

 

11.9 

 

 

(4.2)

 

 

7.7 

Other comprehensive income (loss)

 

$

126.0 

 

$

(48.0)

 

$

78.0 

 

$

(128.3)

 

$

41.4 

 

$

(86.9)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Six Months Ended June 30,



 

2016

 

2015



 

 

 

 

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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized gains (losses) arising during period

 

$

282.0 

 

$

(98.6)

 

$

183.4 

 

$

(73.5)

 

$

25.7 

 

$

(47.8)

Amount of realized gains from sales and other

 

 

(27.3)

 

 

0.6 

 

 

(26.7)

 

 

(26.4)

 

 

3.3 

 

 

(23.1)

Portion of other-than-temporary impairment losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

recognized in earnings

 

 

25.9 

 

 

(9.1)

 

 

16.8 

 

 

4.6 

 

 

(1.6)

 

 

3.0 

Net unrealized gains (losses)

 

 

280.6 

 

 

(107.1)

 

 

173.5 

 

 

(95.3)

 

 

27.4 

 

 

(67.9)

Pension and postretirement benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net actuarial losses and prior service cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

arising in the period

 

 

 -

 

 

 -

 

 

 -

 

 

(1.2)

 

 

(0.2)

 

 

(1.4)

Amortization of net actuarial loss and prior service

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

cost recognized as net periodic benefit cost

 

 

5.0 

 

 

(1.7)

 

 

3.3 

 

 

7.3 

 

 

(2.2)

 

 

5.1 

Net pension and postretirement benefits

 

 

5.0 

 

 

(1.7)

 

 

3.3 

 

 

6.1 

 

 

(2.4)

 

 

3.7 

Cumulative foreign currency translation adjustment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation recognized during

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

the period

 

 

(2.0)

 

 

0.7 

 

 

(1.3)

 

 

(3.4)

 

 

1.2 

 

 

(2.2)

Other comprehensive income (loss)

 

$

283.6 

 

$

(108.1)

 

$

175.5 

 

$

(92.6)

 

$

26.2 

 

$

(66.4)



Reclassifications Out of Accumulated Other Comprehensive Income



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Six Months Ended

 

 



 

 

June 30,

 

June 30,

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

 

2016

 

2015

 

2016

 

2015

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

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

 

$

4.5 

 

$

14.4 

 

$

27.3 

 

$

26.4 

 

Net realized gains from sales and other



 

 

 

 

 

 

 

 

 

 

 

 

 

Net other-than-temporary impairment



 

 

(5.0)

 

 

(1.9)

 

 

(25.9)

 

 

(4.6)

 

losses on investments recognized  in earnings



 

 

(0.5)

 

 

12.5 

 

 

1.4 

 

 

21.8 

 

Total before tax



 

 

4.3 

 

 

(1.2)

 

 

8.5 

 

 

(1.7)

 

Tax benefit (expense) 



 

 

3.8 

 

 

11.3 

 

 

9.9 

 

 

20.1 

 

Net of tax

Amortization of defined benefit pension

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss adjustment expenses and other

and postretirement plans

 

 

(2.5)

 

 

(4.7)

 

 

(5.0)

 

 

(7.3)

 

operating expenses



 

 

0.8 

 

 

1.3 

 

 

1.7 

 

 

2.2 

 

Tax benefit



 

 

(1.7)

 

 

(3.4)

 

 

(3.3)

 

 

(5.1)

 

Net of tax

Total reclassifications for the period

 

$

2.1 

 

$

7.9 

 

$

6.6 

 

$

15.0 

 

Benefit to income, net of tax