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Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Components of Other Comprehensive Income (Loss)
The components of other comprehensive income (loss), including reclassification adjustments by income statement line item, for the years ended December 31, were as follows:
 
 
 
 
 
 
 
Components of Changes in
Accumulated Other
Comprehensive Income (after tax)
(millions)
Pretax total
accumulated
other
comprehensive
income

 
Total tax
(provision)
benefit

 
After tax total
accumulated
other
comprehensive
income

 
Total net
unrealized
gains 
(losses)
on securities

 
Net
unrealized
gains on
forecasted
transactions

 
Foreign
currency
translation
adjustment

 
Loss attributable to NCI

Total at December 31, 2016
$
1,439.5

 
$
(506.1
)
 
$
933.4

 
$
939.6

 
$
(9.4
)
 
$
(1.1
)
 
$
4.3

Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment securities
636.9

 
(224.0
)
 
412.9

 
412.9

 
0

 
0

 
0

Net non-credit related OTTI losses, adjusted for valuation changes
0

 
0

 
0

 
0

 
0

 
0

 
0

Forecasted transactions
(8.0
)
 
2.8

 
(5.2
)
 
0

 
(5.2
)
 
0

 
0

Foreign currency translation adjustment
0.4

 
(0.1
)
 
0.3

 
0

 
0

 
0.3

 
0

Loss attributable to noncontrolling interest (NCI)
(3.5
)
 
1.2

 
(2.3
)
 
0

 
0

 
0

 
(2.3
)
Total other comprehensive income (loss) before reclassifications
625.8

 
(220.1
)
 
405.7

 
412.9

 
(5.2
)
 
0.3


(2.3
)
Less: Reclassification adjustment for amounts realized in net income by income statement line item:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net impairment losses recognized in earnings
(14.9
)
 
5.3

 
(9.6
)
 
(9.6
)
 
0

 
0

 
0

Net realized gains (losses) on securities
103.3

 
(36.2
)
 
67.1

 
67.1

 
0

 
0

 
0

Other gains (losses)1
(1.2
)
 
0.4

 
(0.8
)
 
0

 
0

 
(0.8
)
 
0

Interest expense
0.3

 
(0.1
)
 
0.2

 
0

 
0.2

 
0

 
0

Total reclassification adjustment for amounts realized in net income
87.5

 
(30.6
)
 
56.9

 
57.5

 
0.2

 
(0.8
)
 
0

Total other comprehensive income (loss)
538.3

 
(189.5
)
 
348.8

 
355.4

 
(5.4
)
 
1.1

 
(2.3
)
Total at December 31, 2017
$
1,977.8

 
$
(695.6
)
 
$
1,282.2

 
$
1,295.0

 
$
(14.8
)
 
$
0

 
$
2.0

 1During 2017, we ceased writing insurance in Australia resulting in a loss of $1.2 million relating to the foreign currency translation adjustment. The loss is netted against a gain on extinguishment of debt (see Note 4 – Debt) in other gains (losses) on our consolidated statements of comprehensive income for the year end December 31, 2017.
 
 
 
 
 
 
 
Components of Changes in
Accumulated Other
Comprehensive Income (after tax)
(millions)
Pretax total
accumulated
other
comprehensive
income

 
Total tax
(provision)
benefit

 
After tax total
accumulated
other
comprehensive
income

 
Total net
unrealized
gains 
(losses)
on securities

 
Net
unrealized
gains on
forecasted
transactions

 
Foreign
currency
translation
adjustment

 
Loss attributable to NCI

Total at December 31, 2015
$
1,234.5

 
$
(434.1
)
 
$
800.4

 
$
809.0

 
$
(8.2
)
 
$
(1.5
)
 
$
1.1

Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment securities
320.5

 
(112.6
)
 
207.9

 
207.9

 
0

 
0

 
0

Net non-credit related OTTI losses, adjusted for valuation changes
(0.1
)
 
0.1

 
0

 
0

 
0

 
0

 
0

Forecasted transactions
0

 
0

 
0

 
0

 
0

 
0

 
0

Foreign currency translation adjustment
0.6

 
(0.2
)
 
0.4

 
0

 
0

 
0.4

 
0

Loss attributable to noncontrolling interest (NCI)
5.1

 
(1.9
)
 
3.2

 
0

 
0

 
0

 
3.2

Total other comprehensive income (loss) before reclassifications
326.1

 
(114.6
)
 
211.5

 
207.9

 
0

 
0.4

 
3.2

Less: Reclassification adjustment for amounts realized in net income by income statement line item:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net impairment losses recognized in earnings
(27.1
)
 
9.5

 
(17.6
)
 
(17.6
)
 
0

 
0

 
0

Net realized gains (losses) on securities
146.3

 
(51.4
)
 
94.9

 
94.9

 
0

 
0

 
0

Other gains (losses)
0

 
0

 
0

 
0

 
0

 
0

 
0

Interest expense
1.9

 
(0.7
)
 
1.2

 
0

 
1.2

 
0

 
0

Total reclassification adjustment for amounts realized in net income
121.1

 
(42.6
)
 
78.5

 
77.3

 
1.2

 
0

 
0

Total other comprehensive income (loss)
205.0

 
(72.0
)
 
133.0

 
130.6

 
(1.2
)
 
0.4

 
3.2

Total at December 31, 2016
$
1,439.5

 
$
(506.1
)
 
$
933.4

 
$
939.6

 
$
(9.4
)
 
$
(1.1
)
 
$
4.3

 
 
 
 
 
 
 
 
Components of Changes in
Accumulated Other
Comprehensive Income (after tax)
(millions)
Pretax total
accumulated
other
comprehensive
income

 
Total tax
(provision)
benefit

 
After tax total
accumulated
other
comprehensive
income

 
Total net
unrealized
gains 
(losses)
on securities

 
Net
unrealized
gains on
forecasted
transactions

 
Foreign
currency
translation
adjustment

 
Loss attributable to NCI

Total at December 31, 2014
$
1,574.0

 
$
(550.9
)
 
$
1,023.1

 
$
1,021.9

 
$
1.5

 
$
(0.3
)
 
$
0

Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
 
 
 
 
 
 
Investment securities
(198.7
)
 
67.5

 
(131.2
)
 
(131.2
)
 
0

 
0

 
0

Net non-credit related OTTI losses, adjusted for valuation changes
0

 
0

 
0

 
0

 
0

 
0

 
0

Forecasted transactions
(12.9
)
 
4.5

 
(8.4
)
 
0

 
(8.4
)
 
0

 
0

Foreign currency translation adjustment
(1.8
)
 
0.6

 
(1.2
)
 
0

 
0

 
(1.2
)
 
0

Loss attributable to noncontrolling interest (NCI)
1.6

 
(0.5
)
 
1.1

 
0

 
0

 
0

 
1.1

Total other comprehensive income (loss) before reclassifications
(211.8
)
 
72.1

 
(139.7
)
 
(131.2
)
 
(8.4
)
 
(1.2
)
 
1.1

Less: Reclassification adjustment for amounts realized in net income by income statement line item:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net impairment losses recognized in earnings
(23.8
)
 
8.4

 
(15.4
)
 
(15.4
)
 
0

 
0

 
0

Net realized gains (losses) on securities
149.7

 
(52.5
)
 
97.2

 
97.1

 
0.1

 
0

 
0

Other gains (losses)
0

 
0

 
0

 
0

 
0

 
0

 
0

Interest expense
1.8

 
(0.6
)
 
1.2

 
0

 
1.2

 
0

 
0

Total reclassification adjustment for amounts realized in net income
127.7

 
(44.7
)
 
83.0

 
81.7

 
1.3

 
0

 
0

Total other comprehensive income (loss)
(339.5
)
 
116.8

 
(222.7
)
 
(212.9
)
 
(9.7
)
 
(1.2
)
 
1.1

Total at December 31, 2015
$
1,234.5

 
$
(434.1
)
 
$
800.4

 
$
809.0

 
$
(8.2
)
 
$
(1.5
)
 
$
1.1