Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2019

Components of our accumulated other comprehensive income (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, 2016			$	440.6		$	327.5		$	(354.0)		$	(465.1)		$	(51.0)
	Other Comprehensive Income (Loss) Before Reclassifications	176.7			(14.7)			99.5			(55.9)			205.6
	Amounts Reclassified from Accumulated Other Comprehensive Income or Loss	(9.5)			(30.5)			—			12.9			(27.1)
	Net Other Comprehensive Income (Loss)	167.2			(45.2)			99.5			(43.0)			178.5
Balance at December 31, 2017			607.8			282.3			(254.5)			(508.1)			127.5
	Adjustment to Adopt Accounting Standard Update - Note 1	(17.5)			—			—			—			(17.5)
	Other Comprehensive Income (Loss) Before Reclassifications	(920.3)			16.8			(50.7)			43.6			(910.6)
	Amounts Reclassified from Accumulated Other Comprehensive Income or Loss	17.6			(48.5)			—			17.3			(13.6)
	Net Other Comprehensive Income (Loss)	(902.7)			(31.7)			(50.7)			60.9			(924.2)
Balance at December 31, 2018			(312.4)			250.6			(305.2)			(447.2)			(814.2)
	Other Comprehensive Income (Loss) Before Reclassifications	894.1			(0.2)			23.6			(52.0)			865.5
	Amounts Reclassified from Accumulated Other Comprehensive Income or Loss	34.2			(62.6)			—			14.4			(14.0)
	Net Other Comprehensive Income (Loss)	928.3			(62.8)			23.6			(37.6)			851.5
Balance at December 31, 2019			$	615.9		$	187.8		$	(281.6)		$	(484.8)		$	37.3

The net unrealized gain (loss) on securities consists of the following components:


	December 31						January 1		December 31						Change for the Year Ended December 31
	2019		2018		2018		2017		2016		2019		2018		2017
	(in millions of dollars)
Fixed Maturity Securities	$	6,364.4	$	2,736.5	$	5,665.2	$	5,677.3	$	4,664.6	$	3,627.9	$	(2,928.7)	$	1,012.7
Other Investments	—		—		—		14.4		(22.7)		—		—		37.1
Deferred Acquisition Costs	(62.7)		(27.9)		(51.4)		(51.4)		(38.9)		(34.8)		23.5		(12.5)
Reserves for Future Policy and Contract Benefits	(5,803.1)		(3,220.3)		(5,094.7)		(5,094.7)		(4,253.2)		(2,582.8)		1,874.4		(841.5)
Reinsurance Recoverable	424.7		261.4		375.8		375.8		321.3		163.3		(114.4)		54.5
Income Tax	(307.4)		(62.1)		(304.6)		(313.6)		(230.5)		(245.3)		242.5		(83.1)
Total	$	615.9	$	(312.4)	$	590.3	$	607.8	$	440.6	$	928.3	$	(902.7)	$	167.2

Amounts reclassified from accumulated other comprehensive income (loss) were recognized in our consolidated statements of income as follows:


			Year Ended December 31
			2019				2018				2017
			(in millions of dollars)
Net Unrealized Gain (Loss) on Securities
	Net Realized Investment Gain (Loss)
		Gain (Loss) on Sales of Securities and Other Invested Assets	$	(18.0)			$	(4.8)			$	22.7
		Other-Than-Temporary Impairment Loss	(25.3)				(17.5)				(8.1)
			(43.3)				(22.3)				14.6
	Income Tax Expense (Benefit)				(9.1)				(4.7)				5.1
	Total				$	(34.2)			$	(17.6)			$	9.5

Net Gain on Hedges
	Net Investment Income
		Gain on Interest Rate Swaps and Forwards	$	73.6			$	65.9			$	59.0
		Loss on Foreign Exchange Contracts	0.8				(1.1)				(1.2)
	Net Realized Investment Gain (Loss)
		Gain on Interest Rate Swaps	8.8				0.2				0.2
		Loss on Foreign Exchange Contracts	(1.3)				(1.5)				(9.2)
	Interest and Debt Expense
		Loss on Interest Rate Swaps	(2.1)				(2.1)				(2.0)
		Loss on Forward	(0.5)				—				—
			79.3				61.4				46.8
	Income Tax Expense				16.7				12.9				16.3
	Total				$	62.6			$	48.5			$	30.5

Unrecognized Pension and Postretirement Benefit Costs
	Other Expenses
		Amortization of Net Actuarial Loss	$	(18.6)			$	(22.3)			$	(20.3)
		Amortization of Prior Service Credit	0.2				0.2				0.7
			(18.4)				(22.1)				(19.6)
	Income Tax Benefit				(4.0)				(4.8)				(6.7)
	Total				$	(14.4)			$	(17.3)			$	(12.9)