XML 26 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
Other Comprehensive Income
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Other Comprehensive Income

7. Other Comprehensive Income

The following tables provide changes in other comprehensive income.

 

 

 

Three Months Ended March 31,

 

 

 

2018

 

 

2017

 

 

 

 

 

 

 

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

 

$

(153.7

)

 

$

32.1

 

 

$

(121.6

)

 

$

38.0

 

 

$

(13.3

)

 

$

24.7

 

Amount of realized gains from sales and other

 

 

0.2

 

 

 

(2.5

)

 

 

(2.3

)

 

 

(4.1

)

 

 

(1.7

)

 

 

(5.8

)

Portion of other-than-temporary impairment

   losses recognized in earnings

 

 

0.5

 

 

 

(0.1

)

 

 

0.4

 

 

 

0.2

 

 

 

(0.1

)

 

 

0.1

 

Adoption of Accounting Standards Update

   2016-01 and 2018-02

 

 

(146.5

)

 

 

64.9

 

 

 

(81.6

)

 

 

 

 

 

 

 

 

 

Net unrealized gains (losses)

 

 

(299.5

)

 

 

94.4

 

 

 

(205.1

)

 

 

34.1

 

 

 

(15.1

)

 

 

19.0

 

Pension and postretirement benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change in net actuarial loss and prior

   service cost

 

 

(2.9

)

 

 

0.6

 

 

 

(2.3

)

 

 

3.5

 

 

 

(1.2

)

 

 

2.3

 

Adoption of Accounting Standards Update

   2018-02

 

 

 

 

 

(16.2

)

 

 

(16.2

)

 

 

 

 

 

 

 

 

 

Net pension and postretirement benefits

 

 

(2.9

)

 

 

(15.6

)

 

 

(18.5

)

 

 

3.5

 

 

 

(1.2

)

 

 

2.3

 

Cumulative foreign currency translation adjustment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation recognized during

   the period

 

 

(0.6

)

 

 

0.1

 

 

 

(0.5

)

 

 

7.8

 

 

 

(2.7

)

 

 

5.1

 

Adoption of Accounting Standards Update

   2018-02

 

 

 

 

 

(3.9

)

 

 

(3.9

)

 

 

 

 

 

 

 

 

 

Net cumulative foreign currency translation

   adjustment

 

 

(0.6

)

 

 

(3.8

)

 

 

(4.4

)

 

 

7.8

 

 

 

(2.7

)

 

 

5.1

 

Other comprehensive (loss) income

 

$

(303.0

)

 

$

75.0

 

 

$

(228.0

)

 

$

45.4

 

 

$

(19.0

)

 

$

26.4

 

 

 

Reclassifications out of accumulated other comprehensive income were as follows:

 

 

 

Three Months Ended

 

 

 

 

 

March 31,

 

 

 

(in millions)

 

2018

 

 

2017

 

 

 

 

 

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

 

$

(0.2

)

 

$

4.1

 

 

Net realized (losses) gains from sales and other

 

 

 

(0.5

)

 

 

(0.2

)

 

Net other-than-temporary impairment losses

   on investments recognized in

   earnings

 

 

 

(0.7

)

 

 

3.9

 

 

Total before tax

 

 

 

2.6

 

 

 

1.8

 

 

Tax benefit

 

 

 

1.9

 

 

 

5.7

 

 

Net of tax

Amortization of defined benefit

   pension and postretirement plans

 

 

(2.5

)

 

 

(3.5

)

 

Loss adjustment expenses and other

   operating expenses

 

 

 

0.5

 

 

 

1.2

 

 

Tax benefit

 

 

 

(2.0

)

 

 

(2.3

)

 

Net of tax

Total reclassifications for the period

 

$

(0.1

)

 

$

3.4

 

 

(Expense) 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 three months ended March 31, 2018 and 2017.