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Comprehensive Income
 3 Months Ended
Mar. 31, 2013
Comprehensive Income [Abstract]  
Comprehensive Income

3. Accumulated Other Comprehensive Income

The balance of and changes in each component of accumulated other comprehensive income (loss) (“AOCI”) for the three months ended March 31, 2013 and 2012 are as follows (dollars in thousands):

    Accumulated Other Comprehensive Income (Loss), Net of Income Tax
     Accumulated  Unrealized      
     Currency  Appreciation  Pension and   
     Translation  (Depreciation)  Postretirement   
     Adjustments  of Investments(1)  Benefits  Total
Balance, December 31, 2012 $ 267,475 $ 1,877,657 $ (36,230) $ 2,108,902
 Other comprehensive income (loss) before reclassifications   (14,105)   (112,711)   99   (126,717)
 Amounts reclassified from AOCI   --   (6,171)   726   (5,445)
Net current-period other comprehensive income (loss)   (14,105)   (118,882)   825   (132,162)
Balance, March 31, 2013 $ 253,370 $ 1,758,775 $ (35,405) $ 1,976,740

    Accumulated Other Comprehensive Income (Loss), Net of Income Tax
     Accumulated  Unrealized      
     Currency  Appreciation  Pension and   
     Translation  (Depreciation)  Postretirement   
     Adjustments  of Investments(1)  Benefits  Total
Balance, December 31, 2011 $ 229,795 $ 1,419,318 $ (30,960) $ 1,618,153
 Change in component during the period   24,080   (30,721)   290   (6,351)
Balance, March 31, 2012 $ 253,875 $ 1,388,597 $ (30,670) $ 1,611,802
               
(1)Includes cash flow hedges. See Note 5 - "Derivative Instruments" for additional information on cash flow hedges.

The following table presents the amounts reclassified out of AOCI for the three months ended March 31, 2013 (dollars in thousands):

    Amount  
    Reclassified  
Details about AOCI Components  from AOCI Affected Line Item in Statement of Income
Unrealized gains and losses on available-for-sale securities $ 10,348 Investment related gains (losses), net
Gains and losses on cash flow hedge - interest rate swap   305 Investment income
Deferred policy acquisition costs attributed to unrealized gains and losses(1)   (1,548)  
     9,105 Total before tax
     (2,934) Tax expense
   $ 6,171 Net of tax
       
Amortization of unrealized pension and postretirement benefits:     
 Prior service cost(2) $ (94)  
 Actuarial gains/(losses)(2)   (1,023)  
     (1,117) Total before tax
     391 Tax benefit
   $ (726) Net of tax
       
Total reclassifications for the period $ 5,445 Net of tax
       
(1)This AOCI component is included in the computation of the deferred policy acquisition cost. See Note 8 – “Deferred policy Acquisition Costs” of the 2012 Annual Report for additional details.
(2)These AOCI components are included in the computation of the net periodic pension cost. See Note 9 – “Employee Benefit Plans” for additional details.