XML 41 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Other Comprehensive Income (Tables)
9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Changes in Other Comprehensive Income

The following tables provide changes in other comprehensive income.

 

 

 

Three Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

 

 

 

 

 

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 arising during period

 

$

23.1

 

 

$

(8.0

)

 

$

15.1

 

 

$

8.1

 

 

$

(2.9

)

 

$

5.2

 

Amount of realized gains from sales and other

 

 

(15.2

)

 

 

3.0

 

 

 

(12.2

)

 

 

(3.4

)

 

 

(3.9

)

 

 

(7.3

)

Portion of other-than-temporary impairment

   losses recognized in earnings

 

 

1.3

 

 

 

(0.5

)

 

 

0.8

 

 

 

0.1

 

 

 

-

 

 

 

0.1

 

Net unrealized gains (losses)

 

 

9.2

 

 

 

(5.5

)

 

 

3.7

 

 

 

4.8

 

 

 

(6.8

)

 

 

(2.0

)

Pension and postretirement benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of net actuarial loss and prior

   service cost recognized as net periodic

   benefit cost

 

 

3.5

 

 

 

(1.2

)

 

 

2.3

 

 

 

2.5

 

 

 

(1.0

)

 

 

1.5

 

Cumulative foreign currency translation adjustment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation recognized during

   the period

 

 

1.7

 

 

 

(0.6

)

 

 

1.1

 

 

 

(2.9

)

 

 

1.0

 

 

 

(1.9

)

Other comprehensive income (loss)

 

$

14.4

 

 

$

(7.3

)

 

$

7.1

 

 

$

4.4

 

 

$

(6.8

)

 

$

(2.4

)

 

 

 

Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

 

 

 

 

 

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 arising during period

 

$

102.1

 

 

$

(35.8

)

 

$

66.3

 

 

$

290.1

 

 

$

(101.5

)

 

$

188.6

 

Amount of realized gains from sales and other

 

 

(26.5

)

 

 

0.6

 

 

 

(25.9

)

 

 

(30.7

)

 

 

(3.3

)

 

 

(34.0

)

Portion of other-than-temporary impairment

   losses recognized in earnings

 

 

3.3

 

 

 

(1.2

)

 

 

2.1

 

 

 

26.0

 

 

 

(9.1

)

 

 

16.9

 

Net unrealized gains

 

 

78.9

 

 

 

(36.4

)

 

 

42.5

 

 

 

285.4

 

 

 

(113.9

)

 

 

171.5

 

Pension and postretirement benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of net actuarial loss and prior

   service cost recognized as net periodic

   benefit cost

 

 

10.5

 

 

 

(3.5

)

 

 

7.0

 

 

 

7.5

 

 

 

(2.7

)

 

 

4.8

 

Cumulative foreign currency translation adjustment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation recognized during

   the period

 

 

2.6

 

 

 

(0.9

)

 

 

1.7

 

 

 

(4.9

)

 

 

1.7

 

 

 

(3.2

)

Other comprehensive income

 

$

92.0

 

 

$

(40.8

)

 

$

51.2

 

 

$

288.0

 

 

$

(114.9

)

 

$

173.1

 

 

Reclassifications Out of Accumulated Other Comprehensive Income

Reclassifications out of accumulated other comprehensive income were as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 

 

September 30,

 

 

September 30,

 

 

 

(in millions)

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

 

 

 

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

 

$

15.2

 

 

$

3.4

 

 

$

26.5

 

 

$

30.7

 

 

Net realized gains from sales and other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net other-than-temporary impairment

 

 

 

(1.3

)

 

 

(0.1

)

 

 

(3.3

)

 

 

(26.0

)

 

losses on investments recognized in earnings

 

 

 

13.9

 

 

 

3.3

 

 

 

23.2

 

 

 

4.7

 

 

Total before tax

 

 

 

(2.5

)

 

 

3.9

 

 

 

0.6

 

 

 

12.4

 

 

Tax (expense) benefit

 

 

 

11.4

 

 

 

7.2

 

 

 

23.8

 

 

 

17.1

 

 

Net of tax

Amortization of defined benefit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss adjustment expenses and other

pension and postretirement plans

 

 

(3.5

)

 

 

(2.5

)

 

 

(10.5

)

 

 

(7.5

)

 

operating expenses

 

 

 

1.2

 

 

 

1.0

 

 

 

3.5

 

 

 

2.7

 

 

Tax benefit

 

 

 

(2.3

)

 

 

(1.5

)

 

 

(7.0

)

 

 

(4.8

)

 

Net of tax

Total reclassifications for the period

 

$

9.1

 

 

$

5.7

 

 

$

16.8

 

 

$

12.3

 

 

Benefit to income, net of tax