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Accumulated Other Comprehensive Income (Tables)
12 Months Ended
Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income
Components of our accumulated other comprehensive income, after tax, and related changes are as follows:
 
 
 
Net Unrealized Gain on Securities
 
Net Gain on Cash Flow Hedges
 
Foreign Currency Translation Adjustment
 
Unrecognized Pension and Postretirement Benefit Costs
 
Total
 
 
 
(in millions of dollars)
Balance at December 31, 2012
 
$
873.5

 
$
401.6

 
$
(72.6
)
 
$
(574.5
)
 
$
628.0

 
Other Comprehensive Income (Loss) Before Reclassifications
 
(746.4
)
 
9.7

 
25.5

 
328.6

 
(382.6
)
 
Amounts Reclassified from Accumulated Other Comprehensive Income or Loss
 
8.6

 
(15.0
)
 

 
16.0

 
9.6

 
Net Other Comprehensive Income (Loss)
 
(737.8
)
 
(5.3
)
 
25.5

 
344.6

 
(373.0
)
Balance at December 31, 2013
 
135.7

 
396.3

 
(47.1
)
 
(229.9
)
 
255.0

 
Other Comprehensive Income (Loss) Before Reclassifications
 
154.3

 
31.1

 
(66.3
)
 
(216.1
)
 
(97.0
)
 
Amounts Reclassified from Accumulated Other Comprehensive Income or Loss
 
0.3

 
(36.4
)
 

 
44.5

 
8.4

 
Net Other Comprehensive Income (Loss)
 
154.6

 
(5.3
)
 
(66.3
)
 
(171.6
)
 
(88.6
)
Balance at December 31, 2014
 
$
290.3

 
$
391.0

 
$
(113.4
)
 
$
(401.5
)
 
$
166.4

Schedule of Components of Unrealized Gain (Loss) on Securities
The net unrealized gain on securities consists of the following components:
 
 
December 31
 
Change for the Year Ended December 31
 
 
2014
 
2013
 
2012
 
2014
 
2013
 
 
(in millions of dollars)
Fixed Maturity Securities
 
$
6,261.5

 
$
4,054.8

 
$
7,221.5

 
$
2,206.7

 
$
(3,166.7
)
Other Investments
 
13.9

 
55.5

 
92.8

 
(41.6
)
 
(37.3
)
Deferred Acquisition Costs
 
(50.8
)
 
(41.6
)
 
(67.0
)
 
(9.2
)
 
25.4

Reserves for Future Policy and Contract Benefits
 
(6,150.3
)
 
(4,108.5
)
 
(6,277.5
)
 
(2,041.8
)
 
2,169.0

Reinsurance Recoverable
 
365.0

 
263.8

 
351.5

 
101.2

 
(87.7
)
Income Tax
 
(149.0
)
 
(88.3
)
 
(447.8
)
 
(60.7
)
 
359.5

Total
 
$
290.3

 
$
135.7

 
$
873.5

 
$
154.6

 
$
(737.8
)
Schedule of Reclassification out of Accumulated Other Comprehensive Income
Amounts reclassified from accumulated other comprehensive income were recognized in our consolidated statements of income as follows:
 
 
 
 
Year Ended December 31
 
 
 
 
2014
 
2013
 
 
 
 
(in millions of dollars)
Net Unrealized Gain on Securities
 
 
 
 
 
Net Realized Investment Gain (Loss)
 
 
 
 
 
 
Gain (Loss) on Sales of Securities and Other Invested Assets
 
$
12.6

 
$
(12.6
)
 
 
Other-Than-Temporary Impairment Loss
 
(13.5
)
 
(0.8
)
 
 
 
 
(0.9
)

(13.4
)
 
Income Tax Benefit
 
(0.6
)
 
(4.8
)
 
Total
 
$
(0.3
)

$
(8.6
)
 
 
 
 
 
 
 
Net Gain on Cash Flow Hedges
 
 
 
 
 
Net Investment Income
 
 
 
 
 
 
Gain on Interest Rate Swaps and Forwards
 
$
47.8

 
$
43.1

 
 
Loss on Foreign Exchange Contracts
 
(4.2
)
 
(5.9
)
 
Net Realized Investment Gain (Loss)
 
 
 
 
 
 
Gain on Interest Rate Swaps
 
4.3

 
1.3

 
 
Gain (Loss) on Foreign Exchange Contracts
 
6.9

 
(13.8
)
 
Interest and Debt Expense
 
 
 
 
 
 
Loss on Interest Rate Swaps
 
(1.8
)
 
(1.7
)
 
 
 
 
53.0


23.0

 
Income Tax Expense
 
16.6

 
8.0

 
Total
 
$
36.4


$
15.0

 
 
 
 
 
 
 
Unrecognized Pension and Postretirement Benefit Costs
 
 
 
 
 
Other Expenses
 
 
 
 
 
 
Amortization of Net Actuarial Loss
 
$
(5.6
)
 
$
(32.9
)
 
 
Amortization of Prior Service Credit
 
1.7

 
5.0

 
 
Curtailment Gain
 

 
3.0

 
 
Settlement Loss
 
(64.4
)
 

 
 
 
 
(68.3
)

(24.9
)
 
Income Tax Benefit
 
(23.8
)
 
(8.9
)
 
Total
 
$
(44.5
)

$
(16.0
)