v3.26.3
Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Changes in Other Comprehensive Income (Loss)

The following tables provide changes in other comprehensive income (loss).

 

 

Three Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

 

 

 

 

Tax

 

 

 

 

 

 

 

 

Tax

 

 

 

 

 

 

 

 

 

Benefit

 

 

Net of

 

 

 

 

 

Benefit

 

 

Net of

 

(in millions)

 

Pre-Tax

 

 

(Expense)

 

 

Tax

 

 

Pre-Tax

 

 

(Expense)

 

 

Tax

 

Changes in net unrealized gains (losses)
   on investment securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized gains (losses) arising during period
   for those having no credit losses in
   Consolidated Statements of Income

 

$

(390.8

)

 

$

82.0

 

 

$

(308.8

)

 

$

91.6

 

 

$

(19.3

)

 

$

72.3

 

Net unrealized gains (losses) arising during period
   for those having credit losses in
   Consolidated Statements of Income

 

 

(0.6

)

 

 

0.2

 

 

 

(0.4

)

 

 

0.2

 

 

 

(0.1

)

 

 

0.1

 

Amount of losses realized from sales and
   other recognized in Consolidated Statements
   of Income

 

 

8.3

 

 

 

(2.1

)

 

 

6.2

 

 

 

20.4

 

 

 

(4.4

)

 

 

16.0

 

Amount of credit-related impairments (recoveries)
  on prior impairments recognized in the
   Consolidated Statements of Income

 

 

0.3

 

 

 

(0.1

)

 

 

0.2

 

 

 

(0.1

)

 

 

0.1

 

 

 

—

 

Amount of additional impairment losses
  recognized in the Consolidated Statements
  of Income

 

 

1.5

 

 

 

(0.3

)

 

 

1.2

 

 

 

—

 

 

 

—

 

 

 

—

 

Net unrealized gains (losses)

 

 

(381.3

)

 

 

79.7

 

 

 

(301.6

)

 

 

112.1

 

 

 

(23.7

)

 

 

88.4

 

Pension and postretirement benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of net actuarial losses
   recognized as net periodic benefit cost

 

 

1.7

 

 

 

(0.3

)

 

 

1.4

 

 

 

1.7

 

 

 

(0.4

)

 

 

1.3

 

Long-duration insurance contracts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change in market risk

 

 

3.5

 

 

 

(0.7

)

 

 

2.8

 

 

 

(1.0

)

 

 

0.2

 

 

 

(0.8

)

Other comprehensive (loss) income

 

$

(376.1

)

 

$

78.7

 

 

$

(297.4

)

 

$

112.8

 

 

$

(23.9

)

 

$

88.9

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

 

 

 

 

Tax

 

 

 

 

 

 

 

 

Tax

 

 

 

 

 

 

 

 

 

Benefit

 

 

Net of

 

 

 

 

 

Benefit

 

 

Net of

 

(in millions)

 

Pre-Tax

 

 

(Expense)

 

 

Tax

 

 

Pre-Tax

 

 

(Expense)

 

 

Tax

 

Changes in net unrealized gains (losses)
   on investment securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net unrealized gains (losses) arising during period
   for those having no credit losses in
   Consolidated Statements of Income

 

$

(514.8

)

 

$

108.1

 

 

$

(406.7

)

 

$

279.9

 

 

$

(58.9

)

 

$

221.0

 

Net unrealized gains (losses) arising during period
   for those having credit losses in
   Consolidated Statements of Income

 

 

(0.4

)

 

 

0.1

 

 

 

(0.3

)

 

 

0.4

 

 

 

(0.1

)

 

 

0.3

 

Amount of losses realized from sales and
   other recognized in Consolidated Statements
   of Income

 

 

19.8

 

 

 

(4.6

)

 

 

15.2

 

 

 

44.3

 

 

 

(10.0

)

 

 

34.3

 

Amount of credit-related impairments (recoveries)
   recognized in the Consolidated Statements
   of Income

 

 

0.5

 

 

 

(0.1

)

 

 

0.4

 

 

 

(0.3

)

 

 

0.1

 

 

 

(0.2

)

Amount of additional impairment losses
   recognized in the Consolidated Statements
   of Income

 

 

2.8

 

 

 

(0.6

)

 

 

2.2

 

 

 

0.6

 

 

 

(0.1

)

 

 

0.5

 

Net unrealized gains (losses)

 

 

(492.1

)

 

 

102.9

 

 

 

(389.2

)

 

 

324.9

 

 

 

(69.0

)

 

 

255.9

 

 Pension and postretirement benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of net actuarial losses
   recognized as net periodic benefit cost

 

 

5.1

 

 

 

(1.0

)

 

 

4.1

 

 

 

5.0

 

 

 

(1.0

)

 

 

4.0

 

 Long-duration insurance contracts:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Net change in market risk

 

 

4.3

 

 

 

(0.9

)

 

 

3.4

 

 

 

(2.4

)

 

 

0.5

 

 

 

(1.9

)

 Other comprehensive (loss) income

 

$

(482.7

)

 

$

101.0

 

 

$

(381.7

)

 

$

327.5

 

 

$

(69.5

)

 

$

258.0

 

 

 

 

 

 

 
Reclassifications Out of Accumulated Other Comprehensive (Loss) Income

Reclassifications out of accumulated other comprehensive (loss) income were as follows:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 

 

September 30,

 

 

September 30,

 

 

 

(in millions)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

Amount Reclassified from

 

 

 

Details about Accumulated Other

 

Accumulated Other

 

 

Affected Line Item in the Statement

Comprehensive (Loss) Income Components

 

Comprehensive (Loss) Income

 

 

Where Net Income is Presented

Net unrealized losses on investment
   securities

 

$

(8.3

)

 

$

(20.3

)

 

 

$

(19.6

)

 

 

$

(44.0

)

 

Net realized losses from sales
   and other

 

 

 

(1.8

)

 

 

0.1

 

 

 

 

(3.3

)

 

 

 

(0.1

)

 

Recoveries (impairments) on investments

 

 

 

(10.1

)

 

 

(20.2

)

 

 

 

(22.9

)

 

 

 

(44.1

)

 

Total before tax

 

 

 

2.5

 

 

 

4.2

 

 

 

 

5.3

 

 

 

 

9.9

 

 

Income tax (expense) benefit

 

 

 

(7.6

)

 

 

(16.0

)

 

 

 

(17.6

)

 

 

 

(34.2

)

 

Income from continuing operations

 

 

 

—

 

 

 

(0.2

)

 

 

 

(0.2

)

 

 

 

(0.4

)

 

Income from discontinued life businesses

 

 

 

(7.6

)

 

 

(16.2

)

 

 

 

(17.8

)

 

 

 

(34.6

)

 

Net of tax

Amortization of defined benefit pension
   and postretirement actuarial losses

 

 

(1.7

)

 

 

(1.7

)

 

 

 

(5.1

)

 

 

 

(5.0

)

 

Loss adjustment expenses and other
   operating expenses (1)

 

 

 

0.3

 

 

 

0.4

 

 

 

 

1.0

 

 

 

 

1.0

 

 

Income tax (expense) benefit

 

 

 

(1.4

)

 

 

(1.3

)

 

 

 

(4.1

)

 

 

 

(4.0

)

 

Income from continuing operations

Net change in market risk

 

 

0.2

 

 

 

—

 

 

 

 

0.7

 

 

 

 

0.3

 

 

Income from discontinued life businesses

 

 

 

(0.1

)

 

 

—

 

 

 

 

(0.2

)

 

 

 

(0.1

)

 

Income tax (expense) benefit

 

 

 

0.1

 

 

 

—

 

 

 

 

0.5

 

 

 

 

0.2

 

 

Income from discontinued life businesses

Total reclassifications for the period

 

$

(8.9

)

 

$

(17.5

)

 

 

$

(21.4

)

 

 

$

(38.4

)

 

Net expense reflected in income, net of tax

(1)
The amount reclassified from accumulated other comprehensive loss for the pension and postretirement benefits was allocated approximately 40% to loss adjustment expenses and 60% to other operating expenses for the nine months ended September 30, 2026 and 2025.