Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table reconciles these components.


($ in millions)	Net Unrealized Investment Gains (Losses) on Fixed Maturity Securities(1)		Net Reserve Remeasurements Attributable to Discount Rates(1)		Net Funded Status of Benefit Plans(1)		Total(1)
Beginning balance, April 1, 2024	$	(348.0)	$	63.3	$	(7.6)	$	(292.3)
Other comprehensive income (loss) before reclassifications	(24.1)		32.0		—		7.9
Amounts reclassified from AOCI(2)	1.7		—		—		1.7
Net current period other comprehensive income (loss)	(22.4)		32.0		—		9.6
Ending balance, June 30, 2024	$	(370.4)	$	95.3	$	(7.6)	$	(282.7)

Beginning balance, April 1, 2023	$	(356.4)	$	17.8	$	(8.8)	$	(347.4)
Other comprehensive income (loss) before reclassifications	(48.9)		25.1		—		(23.8)
Amounts reclassified from AOCI(3)	11.6		—		—		11.6
Net current period other comprehensive income (loss)	(37.3)		25.1		—		(12.2)
Ending balance, June 30, 2023	$	(393.7)	$	42.9	$	(8.8)	$	(359.6)

Beginning balance, January 1, 2024	$	(328.3)	$	21.9	$	(7.6)	$	(314.0)
Other comprehensive income (loss) before reclassifications	(44.6)		73.4		—		28.8
Amounts reclassified from AOCI(2)	2.5		—		—		2.5
Net current period other comprehensive income (loss)	(42.1)		73.4		—		31.3
Ending balance, June 30, 2024	$	(370.4)	$	95.3	$	(7.6)	$	(282.7)

Beginning balance, January 1, 2023	$	(449.6)	$	59.0	$	(8.8)	$	(399.4)
Other comprehensive income (loss) before reclassifications	42.4		(16.1)		—		26.3
Amounts reclassified from AOCI(3)	13.5		—		—		13.5
Net current period other comprehensive income (loss)	55.9		(16.1)		—		39.8
Ending balance, June 30, 2023	$	(393.7)	$	42.9	$	(8.8)	$	(359.6)

(1)All amounts are net of tax.

(2)The pretax amounts reclassified from AOCI, $(2.2) million and $(3.2) million, are included in Net investment gains (losses) and the related income tax benefits, $(0.5) million and $(0.7) million, are included in income tax expense in the Consolidated Statements of Operations for the three and six months ended June 30, 2024, respectively.

(3)The pretax amounts reclassified from AOCI, $(14.6) million and $(17.0) million, are included in Net investment gains (losses) and the related income tax benefits, $(3.1) million and $(3.6) million, are included in income tax expense in the Consolidated Statements of Operations for the three and six months ended June 30, 2023, respectively.