XML 39 R28.htm IDEA: XBRL DOCUMENT v3.19.1
Accumulated Other Comprehensive Income (Tables)
 3 Months Ended
Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Components of our accumulated other comprehensive loss, after tax, and related changes are as follows:
 
 
 
Net Unrealized Gain (Loss) on Securities
 
Net Gain on Hedges
 
Foreign Currency Translation Adjustment
 
Unrecognized Pension and Postretirement Benefit Costs
 
Total
 
 
 
(in millions of dollars)
Balance at December 31, 2018
$
(312.4
)
 
$
250.6

 
$
(305.2
)
 
$
(447.2
)
 
$
(814.2
)
 
Other Comprehensive Income (Loss) Before Reclassifications
 
305.4

 
(4.7
)
 
17.3

 
(0.8
)
 
317.2

 
Amounts Reclassified from Accumulated Other Comprehensive Income or Loss
 
6.9

 
(15.8
)
 
—

 
3.6

 
(5.3
)
 
Net Other Comprehensive Income (Loss)
 
312.3

 
(20.5
)
 
17.3

 
2.8

 
311.9

Balance at March 31, 2019
$
(0.1
)
 
$
230.1

 
$
(287.9
)
 
$
(444.4
)
 
$
(502.3
)
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2017
$
607.8

 
$
282.3

 
$
(254.5
)
 
$
(508.1
)
 
$
127.5

 
Adjustment to Adopt Accounting Standard Update - Note 2
 
(17.5
)
 
—

 
—

 
—

 
(17.5
)
 
Other Comprehensive Income (Loss) Before Reclassifications
 
(234.8
)
 
2.9

 
47.5

 
(1.2
)
 
(185.6
)
 
Amounts Reclassified from Accumulated Other Comprehensive Income or Loss
 
0.6

 
(11.7
)
 
—

 
4.3

 
(6.8
)
 
Net Other Comprehensive Income (Loss)
 
(234.2
)
 
(8.8
)
 
47.5

 
3.1

 
(192.4
)
Balance at March 31, 2018
$
356.1

 
$
273.5

 
$
(207.0
)
 
$
(505.0
)
 
$
(82.4
)
Schedule of Components of Unrealized Gain on Securities
The net unrealized gain (loss) on securities consists of the following components:
 
 
March 31
 
December 31
 
 
 
 
2019
 
2018
 
Change
 
 
(in millions of dollars)
Fixed Maturity Securities
 
$
4,308.4

 
$
2,736.5

 
$
1,571.9

Deferred Acquisition Costs
 
(42.6
)
 
(27.9
)
 
(14.7
)
Reserves for Future Policy and Contract Benefits
 
(4,451.0
)
 
(3,220.3
)
 
(1,230.7
)
Reinsurance Recoverable
 
328.5

 
261.4

 
67.1

Income Tax
 
(143.4
)
 
(62.1
)
 
(81.3
)
Total
 
$
(0.1
)
 
$
(312.4
)
 
$
312.3

 
 
March 31
 
January 1
 
 
 
 
2018
 
2018
 
Change
 
 
(in millions of dollars)
Fixed Maturity Securities
 
$
4,348.2

 
$
5,665.2

 
$
(1,317.0
)
Deferred Acquisition Costs
 
(41.2
)
 
(51.4
)
 
10.2

Reserves for Future Policy and Contract Benefits
 
(4,030.1
)
 
(5,094.7
)
 
1,064.6

Reinsurance Recoverable
 
321.0

 
375.8

 
(54.8
)
Income Tax
 
(241.8
)
 
(304.6
)
 
62.8

Total
 
$
356.1

 
$
590.3

 
$
(234.2
)
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income
Amounts reclassified from accumulated other comprehensive loss were recognized in our consolidated statements of income as follows:
 
 
 
Three Months Ended March 31
 
 
 
2019
 
2018
 
 
 
(in millions of dollars)
Net Unrealized Gain (Loss) on Securities
 
 
 
 
Net Realized Investment Gain (Loss)
 
 
 
 
 
Net Gain (Loss) on Sales of Securities and Other Invested Assets
$
(8.7
)
 
$
0.2

 
 
Other-Than-Temporary Impairment Loss
—

 
(1.0
)
 
 
 
(8.7
)
 
(0.8
)
 
Income Tax Benefit
(1.8
)
 
(0.2
)
 
Total
$
(6.9
)
 
$
(0.6
)
 
 
 
 
 
 
Net Gain on Hedges
 
 
 
 
Net Investment Income
 
 
 
 
 
Gain on Interest Rate Swaps and Forwards
$
17.4

 
$
15.6

 
 
Loss on Foreign Exchange Contracts
(0.1
)
 
(0.3
)
 
Net Realized Investment Gain (Loss)
 
 
 
 
 
Gain (Loss) on Interest Rate Swaps
4.0

 
(0.1
)
 
 
Loss on Foreign Exchange Contracts
(0.8
)
 
—

 
Interest and Debt Expense
 
 
 
 
 
Loss on Interest Rate Swaps
(0.5
)
 
(0.5
)
 
 
 
20.0

 
14.7

 
Income Tax Expense
4.2

 
3.0

 
Total
$
15.8

 
$
11.7

 
 
 
 
 
 
Unrecognized Pension and Postretirement Benefit Costs
 
 
 
 
Other Expenses
 
 
 
 
 
Amortization of Net Actuarial Loss
$
(4.7
)
 
$
(5.6
)
 
 
Amortization of Prior Service Credit
0.1

 
0.1

 
 
 
(4.6
)
 
(5.5
)
 
Income Tax Benefit
(1.0
)
 
(1.2
)
 
Total
$
(3.6
)
 
$
(4.3
)