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Accumulated Other Comprehensive Income (Loss) ("AOCI") (Tables) | 3 Months Ended
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Mar. 31, 2023
Accumulated Other Comprehensive Income Other Comprehensive Income [Abstract] |
Components of Accumulated Other Comprehensive Income (Loss) | The following table presents a summary of the changes in each component of AOCI for the three months ended March 31, 2023:
(in millions) |  | Unrealized gains (losses) on debt securities |  |  | Foreign currency translation adjustment |  |  | Pension benefit adjustment |  |  | Accumulated other comprehensive income (loss) |
Balance at December 31, 2022 |  | $ | (751.6 | ) |  | $ | (82.1 | ) |  | $ | (35.2 | ) |  | $ | (868.9 | )
Change in unrealized gains (losses) on debt securities |  |  | 146.5 |  |  |  | — |  |  |  | — |  |  |  | 146.5 |
Change in foreign currency translation adjustment |  |  | — |  |  |  | 2.6 |  |  |  | — |  |  |  | 2.6 |
Amortization of net actuarial loss |  |  | — |  |  |  | — |  |  |  | 0.5 |  |  |  | 0.5 |
Tax effect |  |  | (36.4 | ) |  |  | — |  |  |  | (0.2 | ) |  |  | (36.6 | )
Balance at March 31, 2023 |  | $ | (641.5 | ) |  | $ | (79.5 | ) |  | $ | (34.9 | ) |  | $ | (755.9 | )
Adjustments for Reclassification of Other Comprehensive Income (Loss) | The following table presents the other comprehensive income (loss) reclassification adjustments for the three months ended March 31, 2023 and 2022:
(in millions) |  | Unrealized gains (losses) on debt securities |  |  | Foreign currency translation adjustment |  |  | Pension benefit adjustment |  |  | Total other comprehensive income (loss) |
Three Months Ended March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Pretax change before reclassifications |  | $ | 142.0 |  |  | $ | 2.6 |  |  | $ | — |  |  | $ | 144.6 |
Reclassifications out of AOCI |  |  | 4.5 |  |  |  | — |  |  |  | 0.5 |  |  |  | 5.0 |
Tax effect |  |  | (36.4 | ) |  |  | — |  |  |  | (0.2 | ) |  |  | (36.6 | )
Total other comprehensive income (loss), net of tax |  | $ | 110.1 |  |  | $ | 2.6 |  |  | $ | 0.3 |  |  | $ | 113.0 |
Three Months Ended March 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Pretax change before reclassifications |  | $ | (497.1 | ) |  | $ | 2.3 |  |  | $ | — |  |  | $ | (494.8 | )
Reclassifications out of AOCI |  |  | 0.7 |  |  |  | — |  |  |  | 1.6 |  |  |  | 2.3 |
Tax effect |  |  | 124.8 |  |  |  | — |  |  |  | (0.5 | ) |  |  | 124.3 |
Total other comprehensive income (loss), net of tax |  | $ | (371.6 | ) |  | $ | 2.3 |  |  | $ | 1.1 |  |  | $ | (368.2 | )
Reclassifications out of Accumulated Other Comprehensive Income (Loss) | The following table presents the effects of the reclassifications out of AOCI on the respective line items in the condensed consolidated statements of income:
|  | Three Months Ended March 31, |  |  |
(in millions) |  | 2023 |  |  | 2022 |  |  | Affected line items
Unrealized gains (losses) on debt securities: |  |  |  |  |  |  |  |
Net realized (losses) gains on sales of debt securities |  | $ | (4.5 | ) |  | $ | (0.7 | ) |  | Net investment losses
Tax effect |  | $ | 1.1 |  |  | $ | 0.2 |  |  |
Pension benefit adjustment (1): |  |  |  |  |  |  |  |
Amortization of net actuarial loss |  | $ | (0.5 | ) |  | $ | (1.5 | ) |  | Other operating expenses
Amortization of prior service cost |  |  | — |  |  |  | (0.1 | ) |  | Other operating expenses
Pretax total |  | $ | (0.5 | ) |  | $ | (1.6 | ) |  |
Tax effect |  | $ | 0.2 |  |  | $ | 0.5 |  |  |
___________________________________________________________________________________________________________________________________ (1) Amounts are components of net periodic cost. See Note 11 Employee Benefit Plans for additional details.

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