XML 91 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss)

Shareholders' equity included the following components of Accumulated Other Comprehensive Income ("AOCI") as of the dates indicated:
 
March 31,
 
2014
 
2013
Fixed maturities, net of OTTI
$
4,759.7

 
$
7,067.2

Equity securities, available-for-sale
31.8

 
35.8

Derivatives
158.0

 
201.5

DAC/VOBA adjustment on available-for-sale securities
(1,514.7
)
 
(2,397.6
)
Sales inducements adjustment on available-for-sale securities
(74.8
)
 
(119.0
)
Other
(28.0
)
 
(28.8
)
Unrealized capital gains (losses), before tax
3,332.0

 
4,759.1

Deferred income tax asset (liability)
(802.7
)
 
(1,363.4
)
Net unrealized capital gains (losses)
2,529.3

 
3,395.7

Pension and other postretirement benefits liability, net of tax
48.2

 
57.1

AOCI
$
2,577.5

 
$
3,452.8



Changes in AOCI, including the reclassification adjustments recognized in the Condensed Consolidated Statements of Operations were as follows for the periods indicated:
 
Three Months Ended March 31, 2014
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
1,588.4

 
(555.6
)
 
1,032.8

Equity securities
(16.0
)
 
4.2

 
(11.8
)
Other
(0.3
)
 
0.1

 
(0.2
)
OTTI
15.6

 
(5.5
)
 
10.1

Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
(8.8
)
 
3.1

 
(5.7
)
DAC/VOBA
(459.7
)
(1) 
160.9

 
(298.8
)
Sales inducements
(16.7
)
 
5.8

 
(10.9
)
Change in unrealized gains/losses on available-for-sale securities
1,102.5

 
(387.0
)
 
715.5

 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
24.6

(2) 
(8.6
)
 
16.0

Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(1.4
)
 
0.5

 
(0.9
)
Change in unrealized gains/losses on derivatives
23.2

 
(8.1
)
 
15.1

 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(3.4
)
 
1.2

 
(2.2
)
Change in pension and other postretirement benefits liability
(3.4
)
 
1.2

 
(2.2
)
Change in Other comprehensive income (loss)
$
1,122.3

 
$
(393.9
)
 
$
728.4

(1) See Note 5. Deferred Policy Acquisition Costs and Value of Business Acquired to these Condensed Consolidated Financial Statements for additional information.
(2) See Note 3. Derivative Financial Instruments to these Condensed Consolidated Financial Statements for additional information.



 
Three Months Ended March 31, 2013
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
(792.1
)
 
$
274.4

 
$
(517.7
)
Equity securities
(6.3
)
 
2.2

 
(4.1
)
Other
11.6

 
(4.1
)
 
7.5

OTTI
10.9

 
(3.8
)
 
7.1

Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
(14.6
)
 
5.1

 
(9.5
)
DAC/VOBA
386.0

(1) 
(135.1
)
 
250.9

Sales inducements
28.4

 
(9.9
)
 
18.5

Change in unrealized gains/losses on available-for-sale securities
(376.1
)
 
128.8

 
(247.3
)
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
(12.7
)
(2) 
4.5

 
(8.2
)
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(0.2
)
 
0.1

 
(0.1
)
Change in unrealized gains/losses on derivatives
(12.9
)
 
4.6

 
(8.3
)
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(3.5
)
 
1.2

 
(2.3
)
Change in pension and other postretirement benefits liability
(3.5
)
 
1.2

 
(2.3
)
Change in Other comprehensive income (loss)
$
(392.5
)
 
$
134.6

 
$
(257.9
)
(1) See Note 5. Deferred Policy Acquisition Costs and Value of Business Acquired to these Condensed Consolidated Financial Statements for additional information.
(2) See Note 3. Derivative Financial Instruments to these Condensed Consolidated Financial Statements for additional information.