Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2022

Changes in Accumulated Other Comprehensive (Loss) Income

A summary of changes in accumulated other comprehensive (loss) income, net of taxes (where applicable) by component for the nine months ended September 30, 2022 and 2021 is presented below:


(in millions)	Foreign Currency Translation Adjustments		Unrealized Holding Gains (Losses) on Securities		Defined Benefit Pension Plans		Total
Balance, January 1, 2022	$	(35.3)	$	19.7	$	(7.1)	$	(22.7)
Other comprehensive loss before reclassifications	(1.4)		(373.9)		—		(375.3)
Amounts reclassified from accumulated other comprehensive loss	31.8		33.3		—		65.1
Net current-period other comprehensive income (loss)	30.4		(340.6)		—		(310.2)
Balance, September 30, 2022	$	(4.9)	$	(320.9)	$	(7.1)	$	(332.9)


(in millions)	Foreign Currency Translation Adjustments		Unrealized Holding Gains (Losses) on Securities		Defined Benefit Pension Plans		Total
Balance, January 1, 2021	$	(37.9)	$	105.1	$	(8.6)	$	58.6
Other comprehensive income (loss) before reclassifications	0.2		(49.2)		1.5		(47.5)
Amounts reclassified from accumulated other comprehensive loss	—		(9.1)		—		(9.1)
Net current-period other comprehensive income (loss)	0.2		(58.3)		1.5		(56.6)

Balance, September 30, 2021	$	(37.7)	$	46.8	$	(7.1)	$	2.0

Amounts Reclassified from Accumulated Other Comprehensive (Loss) Income

The amounts reclassified from accumulated other comprehensive income (loss) shown in the above table have been included in the following captions in our Condensed Consolidated Statements of Income (Loss):


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
(in millions)	2022		2021		2022		2021
Unrealized gains and losses on securities:
Net realized investment gains (losses) (1)	$	47.5	$	8.2	$	42.1	$	(11.0)
Provision for income taxes	(9.8)		(0.4)		(8.8)		1.9
Foreign currency translation adjustments:
Net realized foreign currency translation losses (2)	—		—		31.8		—
Total, net of taxes	$	37.7	$	7.8	$	65.1	$	(9.1)

(1) Net realized investment gains (losses) includes losses realized as a result of the Loss Portfolio Transfer - U.S. Refer to the sale of Argo Underwriting Agency Limited in Note 1, “Business and Significant Accounting Policies” for additional information.

(2) Foreign currency translation losses were realized as a result of the sale of Argo Seguros and AGSE. Refer to the sale of Argo Seguros and AGSE in Note 1, “Business and Significant Accounting Policies” for additional information.