ACCUMULATED OTHER COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2015

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

ACCUMULATED OTHER COMPREHENSIVE INCOME

The Company has available-for-sale securities and receives an allocation of the actuarial losses and net prior service credits associated with Employers Mutual’s pension and postretirement benefit plans, both of which generate accumulated other comprehensive income (loss) amounts.  The following table reconciles, by component, the beginning and ending balances of accumulated other comprehensive income, net of tax.

	Accumulated other comprehensive income by component
($ in thousands)	Unrealized gains (losses) on available-for- sale securities			Unrecognized pension and postretirement benefit obligations			Total
Balance at December 31, 2014	$	78,362		$	3,300		$	81,662
Other comprehensive income before reclassifications	4,993			—			4,993
Amounts reclassified from accumulated other comprehensive income	(1,418		)	(353		)	(1,771		)
Other comprehensive income (loss)	3,575			(353		)	3,222
Balance at March 31, 2015	$	81,937		$	2,947		$	84,884

The following tables display amounts reclassified out of accumulated other comprehensive income and into net income during the three months ended March 31, 2015 and 2014, respectively.

	Amounts reclassified from accumulated other comprehensive income ($ in thousands)
Accumulated other comprehensive income components	Three months ended   March 31, 2015			Affected line item in the consolidated statements of income
Unrealized gains on investments:
Reclassification adjustment for realized investment gains included in net income	$	2,182		Net realized investment gains
Deferred income tax expense	(764		)	Income tax expense, current
Net reclassification adjustment	1,418
Unrecognized pension and postretirement benefit obligations:
Reclassification adjustment for amounts amortized into net periodic pension and postretirement benefit income:
Net actuarial loss	(284		)	(1)
Prior service credit	827			(1)
Total before tax	543
Deferred income tax expense	(190		)	Income tax expense, current
Net reclassification adjustment	353
Total reclassification adjustment	$	1,771

(1) These reclassified accumulated other comprehensive income components are included in the computation of net periodic pension and postretirement benefit income (see Note 5, Employee Retirement Plans, for additional details).

	Amounts reclassified from accumulated other comprehensive income ($ in thousands)
Accumulated other comprehensive income components	Three months ended March 31, 2014			Affected line item in the consolidated statements of income
Unrealized gains on investments:
Reclassification adjustment for realized investment gains included in net income	$	1,630		Net realized investment gains
Deferred income tax expense	(571		)	Income tax expense, current
Net reclassification adjustment	1,059
Unrecognized pension and postretirement benefit obligations:
Reclassification adjustment for amounts amortized into net periodic pension and postretirement benefit income:
Net actuarial loss	(136		)	(1)
Prior service credit	827			(1)
Total before tax	691
Deferred income tax expense	(242		)	Income tax expense, current
Net reclassification adjustment	449
Total reclassification adjustment	$	1,508

(1) These reclassified accumulated other comprehensive income components are included in the computation of net periodic pension and postretirement benefit income (see Note 5, Employee Retirement Plans, for additional details).