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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2012
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
 
Shareholder’s equity included the following components of AOCI as of March 31, 2012 and 2011.
 
 
2012
 
2011
 
 
 
(As revised)
Fixed maturities, net of OTTI
$
1,500.7

 
$
902.8

Equity securities, available-for-sale
12.0

 
18.8

Derivatives
146.5

 
10.9

DAC/VOBA adjustment on available-for-sale securities
(624.6
)
 
(225.7
)
Sales inducements adjustment on available-for-sale securities
(0.8
)
 
(125.6
)
Premium deficiency reserve adjustment
(67.6
)
 
(60.0
)
Unrealized capital gains, before tax
966.2

 
521.2

Deferred income tax liability
(271.3
)
 
(151.2
)
Unrealized capital gains, after tax
694.9

 
370.0

Pension and other post-employment benefits liability, net of tax
12.3

 
7.9

Accumulated other comprehensive income
$
707.2

 
$
377.9

 
Changes in AOCI, net of DAC, VOBA, and tax, related to changes in unrealized capital gains (losses) on securities, including securities pledged, were as follows for the three months ended March 31, 2012 and 2011.
 
 
2012
 
2011
 
 
 
(As revised)
Fixed maturities
$
(19.5
)
 
$
(36.3
)
Equity securities, available-for-sale
(1.1
)
 
(2.2
)
Derivatives
(27.2
)
 
10.4

DAC/VOBA adjustment on available-for-sale securities
(21.8
)
 
139.7

Sales inducements adjustment on available-for-sale securities
—

 
(128.7
)
Premium deficiency reserve adjustment
(2.8
)
 
1.0

Change in unrealized gains/loss on securities, before tax
(72.4
)
 
(16.1
)
Deferred income tax asset/liability
31.5

 
(0.2
)
Change in unrealized gains/loss on securities, after tax
(40.9
)
 
(16.3
)
 
 
 
 
Change in OTTI losses, before tax
1.6

 
5.3

Deferred income tax liability
(0.6
)
 
(1.9
)
Change in OTTI losses, after tax
1.0

 
3.4

 
 
 
 
Pension and other post-employment benefit liability, before tax
(0.6
)
 
—

Deferred income tax asset
0.2

 
0.2

Pension and other post-employment benefit liability, after tax
(0.4
)
 
0.2

 
 
 
 
Net change in AOCI, after tax
$
(40.3
)
 
$
(12.7
)

 
Changes in unrealized capital gains on securities, including securities pledged and noncredit impairments, as recognized in AOCI, reported net of DAC, VOBA, and income taxes, were as follows for the three months ended March 31, 2012 and 2011.
 
 
2012
 
2011
 
 
 
(As revised)
Net unrealized capital holding gains (losses) arising during the period(1)
$
(19.4
)
 
$
14.8

Reclassification adjustment for gains and other items included in Net income (loss)(2)
(24.5
)
 
(22.0
)
Change in deferred tax valuation allowance
4.0

 
(5.7
)
Net change in unrealized capital gains on securities
$
(39.9
)
 
$
(12.9
)

(1) Pretax net unrealized capital holding gains (losses) arising during the period were $(31.3) and $22.2 for the three months ended March 31, 2012 and 2011, respectively.
(2) Pretax reclassification adjustments for gains and other items included in Net income (loss) were $39.5 and $33.0 for the three months ended March 31, 2012 and 2011, respectively.

The reclassification adjustments for gains (losses) and other items included in Net income (loss) in the above table are generally determined by FIFO methodology.