Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Components of Other Comprehensive Income (Loss)

The components of other comprehensive income (loss), including reclassification adjustments by income statement line item, were as follows: 

							Components of Changes in Accumulated Other Comprehensive Income (after tax)
(millions)	Pretax total accumulated other comprehensive income (loss)		Total tax (provision) benefit		After tax total accumulated other comprehensive income (loss)		Total net unrealized gains  (losses) on securities		Net unrealized gains (losses) on forecasted transactions		Foreign currency translation adjustment		(Income) loss attributable to NCI
Balance at March 31, 2021	$	504.6	$	(112.3)	$	392.3	$	407.7	$	(15.4)	$	0	$	0
Other comprehensive income (loss) before reclassifications:
Investment securities	174.7		(36.7)		138.0		138.0		0		0		0
Foreign currency translation adjustment	(0.6)		0.1		(0.5)		0		0		(0.5)		0
Total other comprehensive income (loss) before reclassifications	174.1		(36.6)		137.5		138.0		0		(0.5)		0
Less: Reclassification adjustment for amounts realized in net income by income statement line item:
Net realized gains (losses) on securities	59.4		(12.5)		46.9		46.9		0		0		0
Interest expense	(0.3)		0		(0.3)		0		(0.3)		0		0
Total reclassification adjustment for amounts realized in net income	59.1		(12.5)		46.6		46.9		(0.3)		0		0
Total other comprehensive income (loss)	115.0		(24.1)		90.9		91.1		0.3		(0.5)		0
Balance at June 30, 2021	$	619.6	$	(136.4)	$	483.2	$	498.8	$	(15.1)	$	(0.5)	$	0

							Components of Changes in Accumulated Other Comprehensive Income (after tax)
(millions)	Pretax total accumulated other comprehensive income (loss)		Total tax (provision) benefit		After tax total accumulated other comprehensive income (loss)		Total net unrealized gains  (losses) on securities		Net unrealized gains (losses) on forecasted transactions		Foreign currency translation adjustment		(Income) loss attributable to NCI
Balance at March 31, 2020	$	514.9	$	(110.7)	$	404.2	$	423.6	$	(16.2)	$	0	$	(3.2)
Reclassification of disproportionate amounts1	4.0		(0.8)		3.2		0		0		0		3.2
Adjusted balance at March 31, 2020	518.9		(111.5)		407.4		423.6		(16.2)		0		0
Other comprehensive income (loss) before reclassifications:
Investment securities	966.2		(202.9)		763.3		763.3		0		0		0
Foreign currency translation adjustment	0		0		0		0		0		0		0
Total other comprehensive income (loss) before reclassifications	966.2		(202.9)		763.3		763.3		0		0		0
Less: Reclassification adjustment for amounts realized in net income by income statement line item:
Net realized gains (losses) on securities	248.0		(52.1)		195.9		195.9		0		0		0
Interest expense	(0.2)		0		(0.2)		0		(0.2)		0		0
Total reclassification adjustment for amounts realized in net income	247.8		(52.1)		195.7		195.9		(0.2)		0		0
Total other comprehensive income (loss)	718.4		(150.8)		567.6		567.4		0.2		0		0
Balance at June 30, 2020	$	1,237.3	$	(262.3)	$	975.0	$	991.0	$	(16.0)	$	0	$	0

							Components of Changes in Accumulated Other Comprehensive Income (after tax)
(millions)	Pretax total accumulated other comprehensive income (loss)		Total tax (provision) benefit		After tax total accumulated other comprehensive income (loss)		Total net unrealized gains  (losses) on securities		Net unrealized gains (losses) on forecasted transactions		Foreign currency translation adjustment		(Income) loss attributable to NCI
Balance at December 31, 2020	$	1,187.4	$	(255.7)	$	931.7	$	947.3	$	(15.6)	$	0	$	0
Other comprehensive income (loss) before reclassifications:
Investment securities	(376.7)		79.1		(297.6)		(297.6)		0		0		0
Foreign currency translation adjustment	(0.6)		0.1		(0.5)		0		0		(0.5)		0
Total other comprehensive income (loss) before reclassifications	(377.3)		79.2		(298.1)		(297.6)		0		(0.5)		0
Less: Reclassification adjustment for amounts realized in net income by income statement line item:
Net realized gains (losses) on securities	191.1		(40.2)		150.9		150.9		0		0		0
Interest expense	(0.6)		0.1		(0.5)		0		(0.5)		0		0
Total reclassification adjustment for amounts realized in net income	190.5		(40.1)		150.4		150.9		(0.5)		0		0
Total other comprehensive income (loss)	(567.8)		119.3		(448.5)		(448.5)		0.5		(0.5)		0
Balance at June 30, 2021	$	619.6	$	(136.4)	$	483.2	$	498.8	$	(15.1)	$	(0.5)	$	0

							Components of Changes in Accumulated Other Comprehensive Income (after tax)
(millions)	Pretax total accumulated other comprehensive income (loss)		Total tax (provision) benefit		After tax total accumulated other comprehensive income (loss)		Total net unrealized gains  (losses) on securities		Net unrealized gains (losses) on forecasted transactions		Foreign currency translation adjustment		(Income) loss attributable to NCI
Balance at December 31, 2019	$	435.7	$	(94.0)	$	341.7	$	360.8	$	(16.4)	$	0	$	(2.7)
Reclassification of disproportionate amounts1	3.4		(0.7)		2.7		0		0		0		2.7
Adjusted balance at December 31, 2019	439.1		(94.7)		344.4		360.8		(16.4)		0		0
Other comprehensive income (loss) before reclassifications:
Investment securities	1,284.4		(269.7)		1,014.7		1,014.7		0		0		0
Foreign currency translation adjustment	0		0		0		0		0		0		0
Total other comprehensive income (loss) before reclassifications	1,284.4		(269.7)		1,014.7		1,014.7		0		0		0
Less: Reclassification adjustment for amounts realized in net income by income statement line item:
Net realized gains (losses) on securities	486.7		(102.2)		384.5		384.5		0		0		0
Interest expense	(0.5)		0.1		(0.4)		0		(0.4)		0		0
Total reclassification adjustment for amounts realized in net income	486.2		(102.1)		384.1		384.5		(0.4)		0		0
Total other comprehensive income (loss)	798.2		(167.6)		630.6		630.2		0.4		0		0
Balance at June 30, 2020	$	1,237.3	$	(262.3)	$	975.0	$	991.0	$	(16.0)	$	0	$	0

1Adjustment to reflect the change in value on (income) loss attributable to NCI in conjunction with the purchase transaction.