| Accumulated Other Comprehensive Income (Loss) |
Components of our accumulated other comprehensive income (loss), after tax, and related changes are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net Unrealized Loss on Securities | | Effect of Change in Discount Rate Assumptions on the LFPB1 | | Net Loss on Derivatives | | Foreign Currency Translation Adjustment | | Unrecognized Pension and Postretirement Benefit Costs | | Total | | (in millions of dollars) | | Balance at March 31, 2026 | $ | (2,432.3) | | | $ | 1,395.1 | | | $ | (282.1) | | | $ | (268.6) | | | $ | (207.6) | | | $ | (1,795.5) | | | Other Comprehensive Income (Loss) Before Reclassifications | 131.2 | | | (220.6) | | | 4.1 | | | 1.9 | | | (0.1) | | | (83.5) | | | Amounts Reclassified from Accumulated Other Comprehensive Income or Loss | 8.3 | | | — | | | (1.2) | | | — | | | 1.9 | | | 9.0 | | | Net Other Comprehensive Income (Loss) | 139.5 | | | (220.6) | | | 2.9 | | | 1.9 | | | 1.8 | | | (74.5) | | | Balance at June 30, 2026 | $ | (2,292.8) | | | $ | 1,174.5 | | | $ | (279.2) | | | $ | (266.7) | | | $ | (205.8) | | | $ | (1,870.0) | | | | | | | | | | | | | | | Balance at March 31, 2025 | $ | (2,333.2) | | | $ | 1,019.1 | | | $ | (225.2) | | | $ | (300.7) | | | $ | (338.8) | | | $ | (2,178.8) | | | Other Comprehensive Income (Loss) Before Reclassifications | 53.6 | | | 39.8 | | | (58.3) | | | 80.0 | | | (4.6) | | | 110.5 | | | Amounts Reclassified from Accumulated Other Comprehensive Income or Loss | 25.9 | | | — | | | (1.5) | | | — | | | 3.2 | | | 27.6 | | | Net Other Comprehensive Income (Loss) | 79.5 | | | 39.8 | | | (59.8) | | | 80.0 | | | (1.4) | | | 138.1 | | | Balance at June 30, 2025 | $ | (2,253.7) | | | $ | 1,058.9 | | | $ | (285.0) | | | $ | (220.7) | | | $ | (340.2) | | | $ | (2,040.7) | | | | | | | | | | | | | | | Balance at December 31, 2025 | $ | (2,003.1) | | | $ | 929.9 | | | $ | (278.8) | | | $ | (245.6) | | | $ | (210.9) | | | $ | (1,808.5) | | | Other Comprehensive Income (Loss) Before Reclassifications | (300.1) | | | 244.6 | | | 2.1 | | | (21.1) | | | 1.1 | | | (73.4) | | | Amounts Reclassified from Accumulated Other Comprehensive Income or Loss | 10.4 | | | — | | | (2.5) | | | — | | | 4.0 | | | 11.9 | | | Net Other Comprehensive Income (Loss) | (289.7) | | | 244.6 | | | (0.4) | | | (21.1) | | | 5.1 | | | (61.5) | | | Balance at June 30, 2026 | $ | (2,292.8) | | | $ | 1,174.5 | | | $ | (279.2) | | | $ | (266.7) | | | $ | (205.8) | | | $ | (1,870.0) | | | | | | | | | | | | | | | Balance at December 31, 2024 | $ | (2,755.2) | | | $ | 1,185.4 | | | $ | (270.7) | | | $ | (343.0) | | | $ | (340.2) | | | $ | (2,523.7) | | | Other Comprehensive Income (Loss) Before Reclassifications | 319.2 | | | (126.5) | | | (10.8) | | | 122.3 | | | (6.4) | | | 297.8 | | | Amounts Reclassified from Accumulated Other Comprehensive Income or Loss | 182.3 | | | — | | | (3.5) | | | — | | | 6.4 | | | 185.2 | | | Net Other Comprehensive Income (Loss) | 501.5 | | | (126.5) | | | (14.3) | | | 122.3 | | | — | | | 483.0 | | | Balance at June 30, 2025 | $ | (2,253.7) | | | $ | 1,058.9 | | | $ | (285.0) | | | $ | (220.7) | | | $ | (340.2) | | | $ | (2,040.7) | | | | | | | | | | | | | | 1Liability for Future Policy Benefits | | | | | | | | | | | |
Amounts reclassified from accumulated other comprehensive loss were recognized in our consolidated statements of income as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30 | | Six Months Ended June 30 | | | 2026 | | 2025 | | 2026 | | 2025 | | | (in millions of dollars) | | Net Unrealized Loss on Securities | | | | | | | | | | Net Investment Loss on Fixed Maturity Securities | | | | | | | | | | Net Loss on Sales | | $ | (7.5) | | | $ | (13.5) | | | $ | (8.0) | | | $ | (58.2) | | | Impairment Loss | | (3.0) | | | (8.5) | | | (11.1) | | | (160.9) | | Change in Allowance for Credit Losses1 | | — | | | (10.6) | | | 5.9 | | | (11.6) | | | | (10.5) | | | (32.6) | | | (13.2) | | | (230.7) | | | Income Tax Benefit | | (2.2) | | | (6.7) | | | (2.8) | | | (48.4) | | | Total | | $ | (8.3) | | | $ | (25.9) | | | $ | (10.4) | | | $ | (182.3) | | | | | | | | | | | | Net Loss on Derivatives | | | | | | | | | | Net Investment Income | | | | | | | | | | Gain on Interest Rate Swaps and Forwards | | $ | 0.6 | | | $ | 2.5 | | | $ | 1.4 | | | $ | 4.7 | | | | | | | | | | | | Net Investment Gain (Loss) | | | | | | | | | | Loss on Interest Rate Swaps | | — | | | (0.4) | | | — | | | — | | | Gain (Loss) on Foreign Currency Interest Rate Swaps | | 0.9 | | | (0.2) | | | 1.8 | | | (0.3) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1.5 | | | 1.9 | | | 3.2 | | | 4.4 | | | Income Tax Expense | | 0.3 | | | 0.4 | | | 0.7 | | | 0.9 | | | Total | | $ | 1.2 | | | $ | 1.5 | | | $ | 2.5 | | | $ | 3.5 | | | | | | | | | | | | Unrecognized Pension and Postretirement Benefit Costs | | | | | | | | | | Other Expenses | | | | | | | | | | Amortization of Net Actuarial Loss | | $ | (2.5) | | | $ | (4.1) | | | $ | (5.2) | | | $ | (8.2) | | | Amortization of Prior Service Credit | | — | | | — | | | 0.1 | | | 0.1 | | | | (2.5) | | | (4.1) | | | (5.1) | | | (8.1) | | | Income Tax Benefit | | (0.6) | | | (0.9) | | | (1.1) | | | (1.7) | | | Total | | $ | (1.9) | | | $ | (3.2) | | | $ | (4.0) | | | $ | (6.4) | | | | | | | | | | | 1Includes change in allowance on securities impaired, sold or otherwise disposed during the period. |
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