Other Comprehensive Income and Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2025

The tables below display the changes in Accumulated Other Comprehensive Loss by component for the three months ended March 31, 2025 and 2024.


(Dollars in Millions)	Net Unrealized Losses on Fixed Maturities		Net Unrealized Losses on Investments with an Allowance for Credit Losses		Net Unrecognized Postretirement Benefit Income		Gain on Cash Flow Hedges		Change in Discount Rate on Future Life Policyholder Benefits		Total
Balance as of January 1, 2025	$	(687.8)	$	(3.2)	$	8.4	$	(2.2)	$	380.3	(304.5)
Other Comprehensive Income (Loss) Before Reclassifications	53.2		2.3		—		2.4		(14.3)		43.6
Amounts Reclassified from Accumulated Other Comprehensive Loss Net of Tax (Expense) Benefit of $(0.4), $0.3, $0.1, $0.1, $0.0, and $0.1	1.5		(1.3)		(0.4)		(0.2)		—		(0.4)
Other Comprehensive Income (Loss) Net of Tax (Expense) Benefit of $(14.5), $(0.3), $0.1, $0.1, $3.8, and $(10.8)	54.7		1.0		(0.4)		2.2		(14.3)		43.2
Balance as of March 31, 2025	$	(633.1)	$	(2.2)	$	8.0	$	—	$	366.0	$	(261.3)


(Dollars in Millions)	Net Unrealized Losses on Fixed Maturities		Net Unrealized Losses on Investments with an Allowance for Credit Losses		Net Unrecognized Postretirement Benefit Costs		Gain on Cash Flow Hedges		Change in Discount Rate on Future Life Policyholder Benefits		Total
Balance as of January 1, 2024	$	(530.9)	$	(2.5)	$	9.5	$	2.5	$	160.6	$	(360.8)
Other Comprehensive (Loss) Income Before Reclassifications	(96.1)		1.6		—		—		111.5		17.0
Amounts Reclassified from Accumulated Other Comprehensive Loss Net of Tax (Expense) Benefit of $(2.6), $0.2, $0.1, $0.0, $0.0 and $(2.3)	9.8		(0.2)		(0.8)		—		—		8.8
Other Comprehensive (Loss) Income Net of Tax Benefit (Expense) of $22.7, $0.1, $0.1, $0.0, $(29.6), and $(6.7)	(86.3)		1.4		(0.8)		—		111.5		25.8
Balance as of March 31, 2024	$	(617.2)	$	(1.1)	$	8.7	$	2.5	$	272.1	$	(335.0)

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


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