Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2023

Sep. 30, 2022

Sep. 30, 2023

Sep. 30, 2022

The tables below display the changes in Accumulated Other Comprehensive Loss by component for the three months ended September 30, 2023 and 2022.


(Dollars in Millions)	Net Unrealized Losses on Other Investments		Net Unrealized Losses on Investments with an Allowance for Credit Losses		Net Unrecognized Postretirement Benefit Costs		Gain on Cash Flow Hedge		Change in Discount Rate on Future Life Policyholder Benefits		Total
Balance as of June 30, 2023	$	(637.6)	$	(2.3)	$	(38.0)	$	2.7	$	194.4	$	(480.8)
Other Comprehensive (Loss) Income Before Reclassifications	(258.7)		(0.9)		(5.4)		—		218.6		(46.4)
Amounts Reclassified from Accumulated Other Comprehensive Loss Net of Tax Benefit (Expense) of $0.1, $0.1, $(14.4), $0.0, $0.0 and $(14.2)	0.1		(0.2)		53.9		—		—		53.8
Other Comprehensive (Loss) Income Net of Tax Benefit (Expense) of $67.5, $0.8, $(12.6), $0.0, $(58.2), and $(2.5)	(258.6)		(1.1)		48.5		—		218.6		7.4
Balance as of September 30, 2023	$	(896.2)	$	(3.4)	$	10.5	$	2.7	$	413.0	$	(473.4)


(Dollars in Millions)	Net Unrealized Losses on Other Investments		Net Unrealized Losses on Investments with an Allowance for Credit Losses		Net Unrecognized Postretirement Benefit Costs		Gain on Cash Flow Hedge		Change in Discount Rate on Future Life Policyholder Benefits		Total
Balance as of June 30, 2022	$	(467.3)	$	(4.1)	$	(52.2)	$	2.8	$	11.4	$	(509.4)
Other Comprehensive (Loss) Income Before Reclassifications	(309.1)		(0.6)		—		—		261.4		(48.3)
Amounts Reclassified from Accumulated Other Comprehensive Loss Net of Tax Benefit of $4.3, $0.0,$0.0, $0.0, $0.0, and $4.3	(16.0)		—		(0.1)		—		—		(16.1)
Other Comprehensive (Loss) Income Net of Tax Benefit (Expense) of $86.4, $0.2, $0.1, $0.0 $(69.5) and $17.2	(325.1)		(0.6)		(0.1)		—		261.4		(64.4)
Balance as of September 30, 2022	$	(792.4)	$	(4.7)	$	(52.3)	$	2.8	$	272.8	$	(573.8)

The tables below display the changes in Accumulated Other Comprehensive Loss by component for the nine months ended September 30, 2023 and 2022.


(Dollars in Millions)	Net Unrealized Losses on Other Investments		Net Unrealized Losses on Investments with an Allowance for Credit Losses		Net Unrecognized Postretirement Benefit Costs		Gain on Cash Flow Hedge		Change in Discount Rate on Future Life Policyholder Benefits		Total
Balance as of January 1, 2023	$	(719.4)	$	(2.2)	$	(37.2)	$	2.8	$	241.1	(514.9)
Other Comprehensive (Loss) Income Before Reclassifications	(183.3)		0.5		(5.4)		—		171.9		(16.3)
Amounts Reclassified from Accumulated Other Comprehensive Loss Net of Tax (Expense) Benefit of $(1.7), $0.5, $(14.1), $0.0, $0.0 and $(15.3)	6.5		(1.7)		53.1		(0.1)		—		57.8
Other Comprehensive (Loss) Income Net of Tax Benefit (Expense) of $47.1, $0.4, $(12.6), $0.0, $(45.7), and $(10.8)	(176.8)		(1.2)		47.7		(0.1)		171.9		41.5
Balance as of September 30, 2023	$	(896.2)	$	(3.4)	$	10.5	$	2.7	$	413.0	$	(473.4)


(Dollars in Millions)	Net Unrealized Gains (Losses) on Other Investments		Net Unrealized Losses on Investments with an Allowance for Credit Losses		Net Unrecognized Postretirement Benefit Costs		(Loss) Gain on Cash Flow Hedge		Change in Discount Rate on Future Life Policyholder Benefits		Total
Balance as of January 1, 2022	$	505.8	$	(3.7)	$	(52.1)	$	(1.9)	$	(849.7)	$	(401.6)
Other Comprehensive (Loss) Income Before Reclassifications	(1,281.0)		(1.0)		—		4.7		1,122.5		(154.8)
Amounts Reclassified from Accumulated Other Comprehensive Loss Net of Tax Benefit of $4.5, $0.0, $0.0, $0.0, $0.0 and $4.5	(17.2)		—		(0.2)		—		—		(17.4)
Other Comprehensive (Loss) Income Net of Tax Benefit (Expense) of $345.0, $0.3, $0.1, $(1.2), $(298.4), and $45.8	(1,298.2)		(1.0)		(0.2)		4.7		1,122.5		(172.2)
Balance as of September 30, 2022	$	(792.4)	$	(4.7)	$	(52.3)	$	2.8	$	272.8	$	(573.8)