Other Comprehensive Income (Loss) And Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2022

Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income

OTHER COMPREHENSIVE (LOSS) INCOME AND ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

The tables below display the changes in Accumulated Other Comprehensive (Loss) Income by component for the years ended December 31, 2022, 2021 and 2020:


(Dollars in Millions)	Net Unrealized Gains (Losses) on Other Investments		Net Unrealized Gains (Losses) on Investments with an Allowance for Credit Losses		Net Unrecognized Postretirement Benefit Costs		(Loss) Gain on Cash Flow Hedges		Total
Balance as of January 1, 2020	$	439.4	$	—	$	(100.6)	$	(2.7)	$	336.1
Other Comprehensive Income (Loss) Before Reclassifications	304.4		(2.1)		4.3		0.4		307.0
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Net of Tax Benefit (Expense) of $3.6, $—, $(13.5), $— and $(9.9)	(13.2)		—		50.6		—		37.4
Other Comprehensive Income (Loss) Net of Tax (Expense) Benefit of $(78.7), $0.5, $(15.3), $— and $(93.5)	291.2		(2.1)		54.9		0.4		344.4
Balance as of December 31, 2020	$	730.6	$	(2.1)	$	(45.7)	$	(2.3)	$	680.5

Other Comprehensive Loss Before Reclassifications	(182.0)		(1.6)		(6.5)		—		(190.1)
Amounts Reclassified from Accumulated Other Comprehensive Loss Net of Tax Benefit (Expense) of $11.3, $—, $—, $(0.1) and $11.2	(42.8)		—		0.1		0.4		(42.3)
Other Comprehensive (Loss) Income Net of Tax Benefit (Expense) of $59.7, $0.4, $2.4, $(0.1) and $62.4	(224.8)		(1.6)		(6.4)		0.4		(232.4)
Balance as of December 31, 2021	$	505.8	$	(3.7)	$	(52.1)	$	(1.9)	$	448.1

Other Comprehensive (Loss) Income Before Reclassifications	(1,215.1)		2.0		15.2		4.7		(1,193.2)
Amounts Reclassified from Accumulated Other Comprehensive (Loss) Income Net of Tax Benefit (Expense) of $2.7, $0.1, $0.1, $— and $2.9	(10.1)		(0.5)		(0.3)		—		(10.9)
Other Comprehensive (Loss) Income Net of Tax Benefit (Expense) of $325.9, $(0.4), $(4.0), $(1.2) and $320.3	(1,225.2)		1.5		14.9		4.7		(1,204.1)
Balance as of December 31, 2022	$	(719.4)	$	(2.2)	$	(37.2)	$	2.8	$	(756.0)

NOTE 15. OTHER COMPREHENSIVE (LOSS) INCOME AND ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Continued)

Amounts reclassified from Accumulated Other Comprehensive (Loss) Income shown above are reported in Net (Loss) Income as follows:


Components of AOCI			Consolidated Statements of (Loss) Income Line Item Affected by Reclassifications
Net Unrealized Gains (Losses) on Other Investments and Net Unrealized Gains (Losses) on Investments with an Allowance for Credit Losses			Net Realized Investment Gains and Impairment Losses
Net Unrecognized Postretirement Benefit Costs			Policyholders’ Benefits and Incurred Losses and Loss Adjustment Expenses, Insurance Expenses, and Interest and Other Expenses
(Loss) Gain on Cash Flow Hedges			Interest and Other Expenses