Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2013

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 8 - Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) represents the accumulated change in shareholders’ equity from transactions and other events and circumstances from non-shareholder sources. For the Company, accumulated other comprehensive income (loss) includes the after-tax change in net unrealized gains and losses on fixed maturities and equity securities and the after-tax change in net funded status of pension and other postretirement benefit obligations as shown in the Consolidated Statements of Changes in Shareholders’ Equity. The following tables reconcile these components for the three and six months ended June 30, 2013.

	Unrealized Gains
	and Losses on
	Fixed Maturities
	and Equity		Defined
	Securities (1)(2)		Benefit Plans (1)		Total (1)
Beginning balance, April 1, 2013	$	374,066	$	(15,311)	$	358,755
Other comprehensive income (loss) before    reclassifications		(167,198)		-		(167,198)
Amounts reclassified from accumulated other     comprehensive income		(10,021)		-		(10,021)
Net current-period other comprehensive income    (loss)		(177,219)		-		(177,219)
Ending balance, June 30, 2013	$	196,847	$	(15,311)	$	181,536
Beginning balance, January 1, 2013	$	382,400	$	(15,311)	$	367,089
Other comprehensive income (loss) before    reclassifications		(171,072)		-		(171,072)
Amounts reclassified from accumulated other     comprehensive income		(14,481)		-		(14,481)
Net current-period other comprehensive income    (loss)		(185,553)		-		(185,553)
Ending balance, June 30, 2013	$	196,847	$	(15,311)	$	181,536

(1) All amounts are net of tax.

(2) The pretax amounts reclassified from accumulated other comprehensive income, $15,417 and $22,279, are included in net realized investment gains and the related tax expenses, $5,396 and $7,798, are included in income tax expense in the Consolidated Statements of Operations for the three and six months ended June 30, 2013, respectively.

Comparative information for elements that are not required to be reclassified in their entirety to net income in the same reporting period is located in “Note 2 — Investments — Unrealized Gains and Losses on Fixed Maturities and Equity Securities”.