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Income From Investments (Tables)

12 Months Ended

Dec. 31, 2012

Net Investment Income for the years ended December 31, 2012, 2011 and 2010 was:



DOLLARS IN MILLIONS	2012		2011		2010
Investment Income:
Interest and Dividends on Fixed Maturities	$	246.1	$	246.6	$	243.8
Dividends on Equity Securities	25.7		25.2		16.0
Short-term Investments	0.2		0.1		0.3
Loans to Policyholders	18.9		17.7		16.5
Real Estate	27.4		26.0		27.1
Equity Method Limited Liability Investments	9.3		9.6		48.8
Other	0.1		0.3		—
Total Investment Income	327.7		325.5		352.5
Investment Expenses:
Real Estate	26.1		25.9		25.7
Other Investment Expenses	5.7		1.6		1.1
Total Investment Expenses	31.8		27.5		26.8
Net Investment Income	$	295.9	$	298.0	$	325.7

Realized Gain (Loss) on Investments [Table Text Block]

The components of Net Realized Gains on Sales of Investments for the years ended December 31, 2012, 2011 and 2010 were:



DOLLARS IN MILLIONS	2012			2011			2010
Fixed Maturities:
Gains on Sales	$	56.9		$	14.2		$	21.5
Losses on Sales	(0.1		)	(0.1		)	(0.1		)
Equity Securities:
Gains on Sales	8.3			34.0			11.7
Losses on Sales	(0.2		)	(13.5		)	—
Former Investee – Intermec:
Gains on Sales	—			—			0.8
Real Estate:
Gains on Sales	0.2			0.1			8.2
Other Investments:
Gains on Sales	—			—			0.1
Losses on Sales	—			(0.1		)	(0.1		)
Trading Securities Net Gains (Losses)	0.3			(0.9		)	0.5
Net Realized Gains on Sales of Investments	$	65.4		$	33.7		$	42.6

Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]

The following table sets forth the pre-tax amount of OTTI credit losses, recognized in Retained Earnings for Investments in Fixed Maturities held by the Company as of December 31, 2012, 2011 and 2010, for which a portion of the OTTI loss has been recognized in Accumulated Other Comprehensive Income, and the corresponding changes in such amounts.



DOLLARS IN MILLIONS	2012			2011			2010
Balance at Beginning of Year	$	3.9		$	2.4		$	3.7
Additions for Previously Unrecognized OTTI Credit Losses	1.1			2.2			5.3
Increases to Previously Recognized OTTI Credit Losses	—			—			0.4
Reductions to Previously Recognized OTTI Credit Losses	(0.1		)	(0.7		)	(1.7		)
Reductions due to Intent to Sell Investments	—			—			(5.1		)
Reductions for Investments Sold During Period	(0.3		)	—			(0.2		)
Balance at End of Year	$	4.6		$	3.9		$	2.4

The components of Net Impairment Losses Recognized in Earnings reported in the Consolidated Statements of Income for the years ended December 31, 2012, 2011 and 2010 were:



DOLLARS IN MILLIONS	2012			2011			2010
Fixed Maturities	$	(1.9	)	$	(2.2	)	$	(14.4	)
Equity Securities	(1.9		)	(1.9		)	(2.1		)
Real Estate	(3.1		)	(7.2		)	—
Net Impairment Losses Recognized in Earnings	$	(6.9	)	$	(11.3	)	$	(16.5	)

- Definition

Tabular disclosure of investment income derived from investments in debt and equity securities consisting of interest income earned from investments in debt securities and on cash and cash equivalents, dividend income from investments in equity securities, and income or expense derived from the amortization of investment related discounts or premiums, respectively. This item does not include realized or unrealized gains or losses on the sale or holding of investments in debt and equity securities required to be included in earnings for the period or for other than temporary losses related to investments in debt and equity securities which are included in realized losses in the period recognized.

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- Definition

Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

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