Other Comprehensive Income

9 Months Ended

Sep. 30, 2016

Other Comprehensive Income [Abstract]

Other Comprehensive Income

8. Other Comprehensive Income

The following table provides changes in other comprehensive income.

	Three Months Ended September 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	$	8.1	$	(2.9)	$	5.2	$	(47.0)	$	16.5	$	(30.5)
Amount of realized gains from sales and other		(3.4)		(3.9)		(7.3)		(5.9)		(1.4)		(7.3)
Portion of other-than-temporary impairment losses
recognized in earnings		0.1		-		0.1		4.2		(1.5)		2.7
Net unrealized gains (losses)		4.8		(6.8)		(2.0)		(48.7)		13.6		(35.1)
Pension and postretirement benefits:
Amortization of net actuarial loss and prior service
cost recognized as net periodic benefit cost		2.5		(1.0)		1.5		2.7		(1.0)		1.7
Cumulative foreign currency translation adjustment:
Foreign currency translation recognized during
the period		(2.9)		1.0		(1.9)		(4.0)		1.4		(2.6)
Other comprehensive income (loss)	$	4.4	$	(6.8)	$	(2.4)	$	(50.0)	$	14.0	$	(36.0)
	Nine Months Ended September 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	$	290.1	$	(101.5)	$	188.6	$	(120.5)	$	42.2	$	(78.3)
Amount of realized gains from sales and other		(30.7)		(3.3)		(34.0)		(32.3)		1.9		(30.4)
Portion of other-than-temporary impairment losses
recognized in earnings		26.0		(9.1)		16.9		8.8		(3.1)		5.7
Net unrealized gains (losses)		285.4		(113.9)		171.5		(144.0)		41.0		(103.0)
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		7.5		(2.7)		4.8		10.0		(3.2)		6.8
Net pension and postretirement benefits		7.5		(2.7)		4.8		8.8		(3.4)		5.4
Cumulative foreign currency translation adjustment:
Foreign currency translation recognized during
the period		(4.9)		1.7		(3.2)		(7.4)		2.6		(4.8)
Other comprehensive income (loss)	$	288.0	$	(114.9)	$	173.1	$	(142.6)	$	40.2	$	(102.4)

Reclassifications out of accumulated other comprehensive income were as follows:

	Three Months Ended				Nine Months Ended
		September 30,			September 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	$	3.4	$	5.9	$	30.7	$	32.3	Net realized gains from sales and other
									Net other-than-temporary impairment
		(0.1)		(4.2)		(26.0)		(8.8)	losses on investments recognized in earnings
		3.3		1.7		4.7		23.5	Total before tax
		3.9		2.9		12.4		1.2	Tax benefit
		7.2		4.6		17.1		24.7	Net of tax
Amortization of defined benefit									Loss adjustment expenses and other
pension and postretirement plans		(2.5)		(2.7)		(7.5)		(10.0)	operating expenses
		1.0		1.0		2.7		3.2	Tax benefit
		(1.5)		(1.7)		(4.8)		(6.8)	Net of tax
Total reclassifications for the period	$	5.7	$	2.9	$	12.3	$	17.9	Benefit to income, 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 nine months ended September 30, 2016 and 2015.