Other Comprehensive Income and Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2020

Changes in Accumulated Other Comprehensive Income by Component, Net of Tax

The following tables set forth the changes in the Company’s accumulated other comprehensive income (loss) ("AOCI(L)"), net of tax, for the three and nine months ended September 30, 2020 and 2019:


($ millions)		Unrealized Gains and Losses on Available-for-Sale Securities		Benefit Plan Items		Total
Beginning balance at July 1, 2020		$	93.0	$	(75.1)	$	17.9
Other comprehensive income before reclassifications		3.5		—		3.5
Amounts reclassified from AOCI (a)		0.2		1.7		1.9
Net current period other comprehensive income		3.7		1.7		5.4
Ending balance at September 30, 2020		$	96.7	$	(73.4)	$	23.3

Beginning balance at July 1, 2019		$	33.2	$	(74.9)	$	(41.7)
Other comprehensive income before reclassifications		17.8		—		17.8
Amounts reclassified from AOCI (a)		(0.9)		0.6		(0.3)
Net current period other comprehensive income		16.9		0.6		17.5
Ending balance at September 30, 2019		$	50.1	$	(74.3)	$	(24.2)

(a)	See separate table below for details about these reclassifications


($ millions)		Unrealized Gains and Losses on Available-for-Sale Securities		Benefit Plan Items		Total
Beginning balance at January 1, 2020		$	40.4	$	(78.3)	$	(37.9)
Other comprehensive income before reclassifications		58.8		—		58.8
Amounts reclassified from AOCI (a)		(2.5)		4.9		2.4
Net current period other comprehensive income		56.3		4.9		61.2
Ending balance at September 30, 2020		$	96.7	$	(73.4)	$	23.3

Beginning balance at January 1, 2019		$	(20.2)	$	(76.2)	$	(96.4)

Other comprehensive loss before reclassifications		72.5		—		72.5
Amounts reclassified from AOCI (a)		(2.2)		1.9		(0.3)
Net current period other comprehensive income		70.3		1.9		72.2
Ending balance at September 30, 2019		$	50.1	$	(74.3)	$	(24.2)

(a)	See separate table below for details about these reclassifications

Schedule of Reclassifications Out of Accumulated Other Comprehensive Income by Component

The following tables set forth the reclassifications out of accumulated other comprehensive income, by component, to the Company’s condensed consolidated statement of income for the three and nine months ended September 30, 2020 and 2019:


($ millions)
Details about Accumulated Other		Three months ended September 30				Affected line item in the Condensed
Comprehensive Income Components						Consolidated Statements of Income
		2020		2019
Unrealized gains on available-for-sale fixed maturity investments		$	(0.2)	$	1.2	Realized gain on sale of securities
		(0.2)		1.2		Total before tax
		—		(0.3)		Tax expense
		(0.2)		0.9		Net of tax
Amortization of benefit plan items
Negative prior service cost		1.6		1.6		(b)
Net actuarial loss		(3.7)		(2.4)		(b)
		(2.1)		(0.8)		Total before tax
		0.4		0.2		Tax benefit
		(1.7)		(0.6)		Net of tax
Total reclassifications for the period		$	(1.9)	$	0.3

(b)	These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see pension and postretirement benefit plans footnote for additional details).

($ millions)
Details about Accumulated Other		Nine months ended September 30				Affected line item in the Condensed
Comprehensive Income Components						Consolidated Statements of Income
		2020		2019
Unrealized gains on available-for-sale fixed maturity investments		$	3.2	$	2.8	Realized gains on sale of securities
		3.2		2.8		Total before tax
		(0.7)		(0.6)		Tax expense
		2.5		2.2		Net of tax
Amortization of benefit plan items
Negative prior service cost		4.8		4.8		(b)
Net actuarial loss		(11.0)		(7.2)		(b)
		(6.2)		(2.4)		Total before tax
		1.3		0.5		Tax benefit
		(4.9)		(1.9)		Net of tax
Total reclassifications for the period		$	(2.4)	$	0.3

(b)	These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see pension and postretirement benefit plans footnote for additional details).