Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2014

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income

A reconciliation of the components of accumulated other comprehensive income at September 30, 2014 and 2013 is as follows:

	2014			2013
Investments:
Gross unrealized gains	$	1,140.2		$	1,003.0
Gross unrealized losses	(134.6		)	(276.7		)
Net pre-tax unrealized gains	1,005.6			726.3
Deferred tax liability	(345.0		)	(249.7		)
Net unrealized gains on investments	660.6			476.6
Non-credit components of other-than-temporary impairments on investments:
Unrealized losses	(5.9		)	(0.9		)
Deferred tax asset	2.1			0.3
Net unrealized non-credit component of other-than-temporary impairments on investments	(3.8		)	(0.6		)
Cash flow hedges:
Gross unrealized losses	(56.5		)	(50.8		)
Deferred tax asset	19.8			17.8
Net unrealized losses on cash flow hedges	(36.7		)	(33.0		)
Defined benefit pension plans:
Deferred net actuarial loss	(424.2		)	(654.0		)
Deferred prior service credits	18.9			3.3
Deferred tax asset	162.3			256.4
Net unrecognized periodic benefit costs for defined benefit pension plans	(243.0		)	(394.3		)
Postretirement benefit plans:
Deferred net actuarial loss	(150.0		)	(182.7		)
Deferred prior service credits	79.0			93.2
Deferred tax asset	28.4			35.2
Net unrecognized periodic benefit costs for postretirement benefit plans	(42.6		)	(54.3		)
Foreign currency translation adjustments:
Gross unrealized (losses) gains	(2.1		)	1.3
Deferred tax asset (liability)	0.7			(0.5		)
Net unrealized (losses) gains on foreign currency translation adjustments	(1.4		)	0.8
Accumulated other comprehensive income (loss)	$	333.1		$	(4.8	)

Other comprehensive income (loss) reclassification adjustments for the three months ended September 30, 2014 and 2013 are as follows:

	2014			2013
Investments:
Net holding loss on investment securities arising during the period, net of tax benefit of $85.1 and $9.4, respectively	$	(141.0	)	$	(15.0	)
Reclassification adjustment for net realized gain on investment securities, net of tax expense of ($4.2) and ($16.9), respectively	7.7			31.3
Total reclassification adjustment on investments	(133.3		)	16.3
Non-credit component of other-than-temporary impairments on investments:
Non-credit component of other-than-temporary impairments on investments, net of tax benefit of $1.8 and $0.3, respectively	(3.3		)	(0.6		)
Cash flow hedges:
Holding (loss) gain, net of tax benefit (expense) of $3.2 and ($0.4), respectively	(5.9		)	0.7
Other:
Net change in unrecognized periodic benefit costs for defined benefit pension and postretirement benefit plans, net of tax expense of ($2.0) and ($3.2), respectively	3.0			4.8
Foreign currency translation adjustment, net of tax benefit (expense) of $1.3 and ($0.6), respectively	(2.4		)	1.2
Net (loss) gain recognized in other comprehensive (loss) income, net of tax benefit (expense) of $85.2 and ($11.4), respectively	$	(141.9	)	$	22.4

Other comprehensive income (loss) reclassification adjustments for the nine months ended September 30, 2014 and 2013 are as follows:

	2014			2013
Investments:
Net holding gain (loss) on investment securities arising during the period, net of tax (expense) benefit of ($43.4) and $213.6, respectively	$	88.1		$	(390.1	)
Reclassification adjustment for net realized gain on investment securities, net of tax expense of ($34.2) and ($34.0), respectively	63.5			63.1
Total reclassification adjustment on investments	151.6			(327.0		)
Non-credit component of other-than-temporary impairments on investments:
Non-credit component of other-than-temporary impairments on investments, net of tax benefit (expense) of $1.8 and ($0.9), respectively	(3.3		)	1.6
Cash flow hedges:
Holding (loss) gain, net of tax benefit (expense) of $2.4 and ($1.2), respectively	(4.4		)	2.2
Other:
Net change in unrecognized periodic benefit costs for defined benefit pension and postretirement benefit plans, net of tax expense of ($6.2) and ($12.1), respectively	8.9			18.6
Foreign currency translation adjustment, net of tax benefit (expense) of $1.4 and ($0.4), respectively	(2.9		)	0.7
Net gain (loss) recognized in other comprehensive income (loss), net of tax (expense) benefit of ($78.2) and $165.0, respectively	$	149.9		$	(303.9	)