Other Comprehensive Income

12 Months Ended

Dec. 31, 2025

8. OTHER COMPREHENSIVE INCOME

The following table provides changes in other comprehensive income.


YEARS ENDED DECEMBER 31	2025									2024									2023
				Tax									Tax									Tax
	Pre-			Benefit			Net of			Pre-			Benefit			Net of			Pre-			Benefit			Net of
(in millions)	Tax			(Expense)			Tax			Tax			(Expense)			Tax			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	$	302.2		$	(63.6	)	$	238.6		$	(14.3	)	$	3.1		$	(11.2	)	$	203.7		$	(42.7	)	$	161.0
Net unrealized gains arising during period for those having credit losses in Consolidated Statements of Income		0.1			-			0.1			0.8			(0.2	)		0.6			3.7			(0.7	)		3.0
Amount of losses realized from sales and other recognized in Consolidated Statements of Income		61.9			(13.8	)		48.1			88.4			(19.8	)		68.6			9.1			(3.2	)		5.9
Amount of credit-related (recoveries) impairments recognized in Consolidated Statements of Income		(0.3	)		0.1			(0.2	)		(0.5	)		0.1			(0.4	)		0.8			(0.2	)		0.6
Amount of additional impairment losses recognized in Consolidated Statements of Income		0.7			(0.1	)		0.6			2.2			(0.5	)		1.7			10.3			(2.2	)		8.1
Net unrealized gains		364.6			(77.4	)		287.2			76.6			(17.3	)		59.3			227.6			(49.0	)		178.6
Pension and postretirement benefits:
Net gains (losses) arising in the period from net actuarial gains (losses)		(5.5	)		1.1			(4.4	)		(7.3	)		1.5			(5.8	)		3.9			(0.8	)		3.1
Amortization of net actuarial losses recognized as net periodic benefit cost		6.7			(1.4	)		5.3			6.8			(1.4	)		5.4			7.9			(1.7	)		6.2
Total pension and postretirement benefits		1.2			(0.3	)		0.9			(0.5	)		0.1			(0.4	)		11.8			(2.5	)		9.3
Long-duration insurance contracts:
Net change in market risk		(4.1	)		0.9			(3.2	)		2.5			(0.5	)		2.0			(4.6	)		1.0			(3.6	)
Other comprehensive income	$	361.7		$	(76.8	)	$	284.9		$	78.6		$	(17.7	)	$	60.9		$	234.8		$	(50.5	)	$	184.3

Reclassifications out of accumulated other comprehensive loss were as follows:


YEARS ENDED DECEMBER 31	2025			2024			2023
(in millions)
	Amount Reclassified from
Details about Accumulated Other	Accumulated									Affected Line Item in the Statement
Comprehensive Loss Components	Other Comprehensive Loss									Where Net Income is Presented
Net unrealized losses on investment securities	$	(61.6	)	$	(88.0	)	$	(9.1	)	Net realized losses from sales and other
		(0.2	)		(1.7	)		(11.1	)	Impairments on investments
		(61.8	)		(89.7	)		(20.2	)	Total before tax
		13.7			20.1			5.6		Income tax (expense) benefit
		(48.1	)		(69.6	)		(14.6	)	Income from continuing operations
		(0.4	)		(0.3	)		—		Income from discontinued life businesses
		(48.5	)		(69.9	)		(14.6	)	Net of tax
Amortization of defined benefit pension and postretirement actuarial losses		(6.7	)		(6.8	)		(7.9	)	Loss adjustment expenses and other operating expenses (1)
		1.4			1.4			1.7		Income tax (expense) benefit
		(5.3	)		(5.4	)		(6.2	)	Income from continuing operations
Net change in market risk		1.4			0.6			1.6		Income from discontinued life businesses
		(0.3	)		(0.1	)		(0.3	)	Income tax (expense) benefit
		1.1			0.5			1.3		Income from discontinued life businesses
Total reclassifications for the period	$	(52.7	)	$	(74.8	)	$	(19.5	)	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 each of the years ended December 31, 2025, 2024 and 2023.