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Comprehensive Income | 3 Months Ended
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Mar. 31, 2013
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Comprehensive Income | Comprehensive Income The components of comprehensive income, both gross and net of tax, for First Quarter 2013 and 2012 are as follows:
First Quarter 2013 |  |  |  |  |  |
($ in thousands) |  | Gross |  | Tax |  | Net
Net income |  | $ | 27,333 |  |  | 6,025 |  |  | 21,308 |
Components of OCI: |  |  |  |  |  |  |  |  |
Unrealized gains on securities: |  |  |  |  |  |  |  |  |
Unrealized holding gains during the period |  | 3,684 |  |  | 1,290 |  |  | 2,394 |
Portion of OTTI recognized in OCI |  | 37 |  |  | 13 |  |  | 24 |
Amortization of net unrealized gains on HTM securities |  | (636 | ) |  | (223 | ) |  | (413 | )
Reclassification adjustment for gains included in net income |  | (6,057 | ) |  | (2,120 | ) |  | (3,937 | )
Net unrealized gains |  | (2,972 | ) |  | (1,040 | ) |  | (1,932 | )
Defined benefit pension and post-retirement plans: |  |  |  |  |  |  |  |  |
Net actuarial gain |  | 44,000 |  |  | 15,400 |  |  | 28,600 |
Reversal of amortization items: |  |  |  |  |  |  |  |  |
Net actuarial loss |  | 1,840 |  |  | 644 |  |  | 1,196 |
Prior service cost |  | 10 |  |  | 4 |  |  | 6 |
Curtailment expense |  | 16 |  |  | 5 |  |  | 11 |
Defined benefit pension and post-retirement plans |  | 45,866 |  |  | 16,053 |  |  | 29,813 |
Comprehensive income |  | $ | 70,227 |  |  | 21,038 |  |  | 49,189 |
First Quarter 2012 |  |  |  |  |  |
($ in thousands) |  | Gross |  | Tax |  | Net
Net income |  | $ | 23,191 |  |  | 5,098 |  |  | 18,093 |
Components of OCI: |  |  |  |  |  |  |  |  |
Unrealized gains on securities: |  |  |  |  |  |  |  |  |
Unrealized holding gains during the period |  | 19,804 |  |  | 6,931 |  |  | 12,873 |
Portion of OTTI recognized in OCI |  | 367 |  |  | 129 |  |  | 238 |
Amortization of net unrealized gains on HTM securities |  | (794 | ) |  | (278 | ) |  | (516 | )
Reclassification adjustment for gains included in net income |  | (4,359 | ) |  | (1,526 | ) |  | (2,833 | )
Net unrealized gains |  | 15,018 |  |  | 5,256 |  |  | 9,762 |
Defined benefit pension and post-retirement plans: |  |  |  |  |  |  |  |  |
Reversal of amortization items: |  |  |  |  |  |  |  |  |
Net actuarial loss |  | 1,390 |  |  | 487 |  |  | 903 |
Prior service cost |  | 38 |  |  | 13 |  |  | 25 |
Defined benefit pension and post-retirement plans |  | 1,428 |  |  | 500 |  |  | 928 |
Comprehensive income |  | $ | 39,637 |  |  | 10,854 |  |  | 28,783 |
The balances of, and changes in, each component of AOCI (net of taxes) as of March 31, 2013 are as follows:
March 31, 2013 |  | Net Unrealized (Loss) Gain |  |  |  |
($ in thousands) |  | OTTI Related |  | HTM Related |  | All Other |  | Defined Benefit Pension and Post-Retirement Plans |  | Total AOCI
Balance, December 31, 2012 |  | $ | (1,658 | ) |  | 2,594 |  |  | 121,391 |  |  | (68,287 | ) |  | 54,040 |
OCI before reclassifications |  | 19 |  |  | (106 | ) |  | 2,500 |  |  | 28,600 |  |  | 31,013 |
Amounts reclassified from AOCI |  | 5 |  |  | (466 | ) |  | (3,884 | ) |  | 1,213 |  |  | (3,132 | )
Net current period OCI |  | 24 |  |  | (572 | ) |  | (1,384 | ) |  | 29,813 |  |  | 27,881 |
Balance, March 31, 2013 |  | $ | (1,634 | ) |  | 2,022 |  |  | 120,007 |  |  | (38,474 | ) |  | 81,921 |
The reclassifications out of AOCI for the quarterly period ended March 31, 2013 are as follows:
2013 | Amount Reclassified from AOCI |  | Affected Line Item in the Unaudited Consolidated Statement of Income
($ in thousands) |
OTTI related |  |  |  |
Amortization of non-credit OTTI losses on HTM securities | $ | 7 |  |  | Net investment income earned
| 7 |  |  | Income from continuing operations before federal income tax
| (2 | ) |  | Total federal income tax expense
| 5 |  |  | Net income
HTM related |  |  |
Unrealized gains and losses on HTM disposals | (81 | ) |  | Net realized investment gains
Amortization of net unrealized gains on HTM securities | (636 | ) |  | Net investment income earned
| (717 | ) |  | Income from continuing operations before federal income tax
| 251 |  |  | Total federal income tax expense
| (466 | ) |  | Net income
Unrealized gains and losses on AFS |  |  |
Unrealized gains and losses on AFS disposals | (5,976 | ) |  | Net realized investments gains
| (5,976 | ) |  | Income from continuing operations before federal income tax
| 2,092 |  |  | Total federal income tax expense
| (3,884 | ) |  | Net income
Defined benefit pension and post-retirement life plans |  |  |
Net actuarial loss | 400 |  |  | Loss and loss expense incurred
| 1,440 |  |  | Policy acquisition costs
| 1,840 |  |  | Income from continuing operations before federal income tax
Prior service cost | 7 |  |  | Loss and loss expense incurred
| 3 |  |  | Policy acquisition costs
| 10 |  |  | Income from continuing operations before federal income tax
Curtailment expense | — |  |  | Loss and loss expense incurred
| 16 |  |  | Policy acquisition costs
| 16 |  |  | Income from continuing operations before federal income tax
Total defined benefit pension and post-retirement life | 1,866 |  |  | Income from continuing operations before federal income tax
| (653 | ) |  | Total federal income tax expense
| 1,213 |  |  | Net income
Total reclassifications for the period | $ | (3,132 | ) |  | Net income

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e640-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e637-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 130 -Paragraph 14-26 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187085-122770 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reclassification Adjustments -URI http://asc.fasb.org/extlink&oid=6522872 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e681-108580 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e709-108580 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669619-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e689-108580 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e716-108580 + Details
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