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Accumulated Other Comprehensive Income
 9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)

Shareholders' equity included the following components of Accumulated Other Comprehensive Income ("AOCI") as of the dates indicated:
 
September 30,
 
2014
 
2013
Fixed maturities, net of OTTI
$
5,242.3

 
$
3,525.2

Equity securities, available-for-sale
31.3

 
41.4

Derivatives
190.5

 
149.1

DAC/VOBA adjustment on available-for-sale securities
(1,644.4
)
 
(1,165.4
)
Sales inducements adjustment on available-for-sale securities
(74.6
)
 
(63.1
)
Other
(30.2
)
 
(27.6
)
Unrealized capital gains (losses), before tax
3,714.9

 
2,459.6

Deferred income tax asset (liability)
(938.4
)
 
(562.2
)
Net unrealized capital gains (losses)
2,776.5

 
1,897.4

Pension and other postretirement benefits liability, net of tax
43.7

 
52.6

AOCI
$
2,820.2

 
$
1,950.0



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 September 30, 2014
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
(738.9
)
 
$
256.6

 
$
(482.3
)
Equity securities
(0.1
)
 
—

 
(0.1
)
Other
0.2

 
—

 
0.2

OTTI
5.9

 
(2.1
)
 
3.8

Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
(2.3
)
 
0.8

 
(1.5
)
DAC/VOBA
203.8

 
(71.4
)
 
132.4

Sales inducements
14.1

 
(4.9
)
 
9.2

Change in unrealized gains/losses on available-for-sale securities
(517.3
)
 
179.0

 
(338.3
)
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
14.4

(1) 
(5.1
)
 
9.3

Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(2.0
)
 
0.7

 
(1.3
)
Change in unrealized gains/losses on derivatives
12.4

 
(4.4
)
 
8.0

 
 
 
 
 
 
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)
$
(508.3
)
 
$
175.8

 
$
(332.5
)
(1) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.

 
Nine Months Ended September 30, 2014
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
2,083.1

 
$
(730.5
)
 
$
1,352.6

Equity securities
(15.7
)
 
4.1

 
(11.6
)
Other
(2.5
)
 
0.9

 
(1.6
)
OTTI
30.2

 
(10.6
)
 
19.6

Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
(36.3
)
 
12.7

 
(23.6
)
DAC/VOBA
(589.4
)
(1) 
206.3

 
(383.1
)
Sales inducements
(16.5
)
 
5.8

 
(10.7
)
Change in unrealized gains/losses on available-for-sale securities
1,452.9

 
(511.3
)
 
941.6

 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
60.8

(2) 
(21.3
)
 
39.5

Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(5.1
)
 
1.8

 
(3.3
)
Change in unrealized gains/losses on derivatives
55.7

 
(19.5
)
 
36.2

 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(10.3
)
 
3.6

 
(6.7
)
Change in pension and other postretirement benefits liability
(10.3
)
 
3.6

 
(6.7
)
Change in Other comprehensive income (loss)
$
1,498.3

 
$
(527.2
)
 
$
971.1

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

 
Three Months Ended September 30, 2013
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
(379.3
)
 
$
133.7

 
$
(245.6
)
Equity securities
1.0

 
(0.4
)
 
0.6

Other
0.2

 
—

 
0.2

OTTI
13.5

 
(4.7
)
 
8.8

Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
(25.6
)
 
9.0

 
(16.6
)
DAC/VOBA
173.9

 
(61.2
)
 
112.7

Sales inducements
6.9

 
(2.4
)
 
4.5

Change in unrealized gains/losses on available-for-sale securities
(209.4
)
 
74.0

 
(135.4
)
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
0.5

(1) 
(0.2
)
 
0.3

Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(0.8
)
 
0.3

 
(0.5
)
Change in unrealized gains/losses on derivatives
(0.3
)
 
0.1

 
(0.2
)
 
 
 
 
 
 
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)
$
(213.1
)
 
$
75.3

 
$
(137.8
)
(1) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.

 
Nine Months Ended September 30, 2013
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
(4,316.0
)
 
$
1,500.3

 
$
(2,815.7
)
Equity securities
(1.0
)
 
0.3

 
(0.7
)
Other
13.1

 
(4.5
)
 
8.6

OTTI
44.8

 
(15.6
)
 
29.2

Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
(66.6
)
 
23.2

 
(43.4
)
DAC/VOBA
1,618.1

(1) 
(562.5
)
 
1,055.6

Sales inducements
84.3

 
(29.3
)
 
55.0

Change in unrealized gains/losses on available-for-sale securities
(2,623.3
)
 
911.9

 
(1,711.4
)
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
(63.7
)
(2) 
22.1

 
(41.6
)
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(1.6
)
 
0.6

 
(1.0
)
Change in unrealized gains/losses on derivatives
(65.3
)
 
22.7

 
(42.6
)
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(10.3
)
 
3.6

 
(6.7
)
Change in pension and other postretirement benefits liability
(10.3
)
 
3.6

 
(6.7
)
Change in Other comprehensive income (loss)
$
(2,698.9
)
 
$
938.2

 
$
(1,760.7
)
(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.