XML 42 R14.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Comprehensive Income | 12 Months Ended
--- | ---
Dec. 31, 2016
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Comprehensive Income | Comprehensive Income (a) The components of comprehensive income, both gross and net of tax, for 2016, 2015, and 2014 were as follows:
2016 |  |  |  |  |  |
($ in thousands) |  | Gross |  | Tax |  | Net
Net income |  | $ | 219,955 |  |  | 61,460 |  |  | 158,495 |
Components of OCI: |  |  |  |  |  |  |  |  |
Unrealized losses (gains) on investment securities: |  |  |  |  |  |  |  |  |
Unrealized holding losses during the year |  | (9,195 | ) |  | (3,218 | ) |  | (5,977 | )
Non-credit portion of other-than-temporary impairments recognized in other comprehensive income |  | (10 | ) |  | (4 | ) |  | (6 | )
Amounts reclassified into net income: |  |  |  |  |  |  |
HTM securities |  | (141 | ) |  | (49 | ) |  | (92 | )
Non-credit OTTI |  | 213 |  |  | 75 |  |  | 138 |
Realized losses on AFS securities |  | 4,713 |  |  | 1,649 |  |  | 3,064 |
Net unrealized losses |  | (4,420 | ) |  | (1,547 | ) |  | (2,873 | )
Defined benefit pension and post-retirement plans: |  |  |  |  |  |  |  |  |
Net actuarial loss |  | (12,079 | ) |  | (4,227 | ) |  | (7,852 | )
Amounts reclassified into net income: |  |  |  |  |  |  |  |  |
Net actuarial loss |  | 6,462 |  |  | 2,262 |  |  | 4,200 |
Defined benefit pension and post-retirement plans |  | (5,617 | ) |  | (1,965 | ) |  | (3,652 | )
Other comprehensive loss |  | (10,037 | ) |  | (3,512 | ) |  | (6,525 | )
Comprehensive income |  | $ | 209,918 |  |  | 57,948 |  |  | 151,970 |
2015 |  |  |  |  |  |
($ in thousands) |  | Gross |  | Tax |  | Net
Net income |  | $ | 232,692 |  |  | 66,831 |  |  | 165,861 |
Components of OCI: |  |  |  |  |  |  |  |  |
Unrealized gains on investment securities: |  |  |  |  |  |  |  |  |
Unrealized holding losses during the year |  | (40,221 | ) |  | (14,078 | ) |  | (26,143 | )
Amounts reclassified into net income: |  |  |  |  |  |  |
HTM securities |  | (580 | ) |  | (203 | ) |  | (377 | )
Non-credit OTTI |  | 357 |  |  | 125 |  |  | 232 |
Realized gains on AFS securities |  | (14,016 | ) |  | (4,906 | ) |  | (9,110 | )
Net unrealized losses |  | (54,460 | ) |  | (19,062 | ) |  | (35,398 | )
Defined benefit pension and post-retirement plans: |  |  |  |  |  |  |  |  |
Net actuarial gain |  | 2,438 |  |  | 853 |  |  | 1,585 |
Amounts reclassified into net income: |  |  |  |  |  |  |  |  |
Net actuarial loss |  | 7,077 |  |  | 2,477 |  |  | 4,600 |
Defined benefit pension and post-retirement plans |  | 9,515 |  |  | 3,330 |  |  | 6,185 |
Other comprehensive loss |  | (44,945 | ) |  | (15,732 | ) |  | (29,213 | )
Comprehensive income |  | $ | 187,747 |  |  | 51,099 |  |  | 136,648 |
2014 |  |  |  |  |  |
($ in thousands) |  | Gross |  | Tax |  | Net
Net income |  | $ | 197,131 |  |  | 55,304 |  |  | 141,827 |
Components of OCI: |  |  |  |  |  |  |  |  |
Unrealized gains on investment securities: |  |  |  |  |  |  |  |  |
Unrealized holding gains during the year |  | 72,940 |  |  | 25,529 |  |  | 47,411 |
Amounts reclassified into net income: |  |  |  |  |  |  |
HTM securities |  | (1,299 | ) |  | (455 | ) |  | (844 | )
Non-credit OTTI |  | 1,669 |  |  | 584 |  |  | 1,085 |
Realized gains on AFS securities |  | (28,864 | ) |  | (10,102 | ) |  | (18,762 | )
Net unrealized gains |  | 44,446 |  |  | 15,556 |  |  | 28,890 |
Defined benefit pension and post-retirement plans: |  |  |  |  |  |  |  |  |
Net actuarial loss |  | (54,136 | ) |  | (18,947 | ) |  | (35,189 | )
Amounts reclassified into net income: |  |  |  |  |  |  |  |  |
Net actuarial loss |  | 1,902 |  |  | 666 |  |  | 1,236 |
Defined benefit pension and post-retirement plans |  | (52,234 | ) |  | (18,281 | ) |  | (33,953 | )
Other comprehensive loss |  | (7,788 | ) |  | (2,725 | ) |  | (5,063 | )
Comprehensive income |  | $ | 189,343 |  |  | 52,579 |  |  | 136,764 |
(b) The balances of, and changes in, each component of AOCI (net of taxes) as of December 31, 2016 and 2015 were as follows:
|  | Net Unrealized (Loss) Gain on Investment Securities |  |  |  |  |  |
($ in thousands) |  | OTTI Related |  | HTM Related |  | All Other |  | Investments Subtotal |  | Defined Benefit Pension and Post- retirement Plans |  | Total AOCI
Balance, December 31, 2014 |  | $ | (514 | ) |  | 623 |  |  | 80,284 |  |  | 80,393 |  |  | (60,605 | ) |  | 19,788 |
OCI before reclassifications |  | — |  |  | (52 | ) |  | (26,091 | ) |  | (26,143 | ) |  | 1,585 |  |  | (24,558 | )
Amounts reclassified from AOCI |  | 232 |  |  | (377 | ) |  | (9,110 | ) |  | (9,255 | ) |  | 4,600 |  |  | (4,655 | )
Net current period OCI |  | 232 |  |  | (429 | ) |  | (35,201 | ) |  | (35,398 | ) |  | 6,185 |  |  | (29,213 | )
Balance, December 31, 2015 |  | (282 | ) |  | 194 |  |  | 45,083 |  |  | 44,995 |  |  | (54,420 | ) |  | (9,425 | )
OCI before reclassifications |  | (6 | ) |  | — |  |  | (5,977 | ) |  | (5,983 | ) |  | (7,852 | ) |  | (13,835 | )
Amounts reclassified from AOCI |  | 138 |  |  | (92 | ) |  | 3,064 |  |  | 3,110 |  |  | 4,200 |  |  | 7,310 |
Net current period OCI |  | 132 |  |  | (92 | ) |  | (2,913 | ) |  | (2,873 | ) |  | (3,652 | ) |  | (6,525 | )
Balance, December 31, 2016 |  | $ | (150 | ) |  | 102 |  |  | 42,170 |  |  | 42,122 |  |  | (58,072 | ) |  | (15,950 | )
The reclassifications out of AOCI are as follows:
($ in thousands) | Year ended December 31, 2016 |  | Year ended December 31, 2015 |  | Affected Line Item in the Consolidated Statement of Income
HTM related |  |  |  |  |
Unrealized losses on HTM disposals | $ | 169 |  |  | 308 |  |  | Net realized (losses) gains
Amortization of net unrealized gains on HTM securities | (310 | ) |  | (888 | ) |  | Net investment income earned
| (141 | ) |  | (580 | ) |  | Income before federal income tax
| 49 |  |  | 203 |  |  | Total federal income tax expense
| (92 | ) |  | (377 | ) |  | Net income
OTTI related |  |  |  |  |
Non-credit OTTI on disposed securities | 213 |  |  | 357 |  |  | Net realized (losses) gains
| 213 |  |  | 357 |  |  | Income before federal income tax
| (75 | ) |  | (125 | ) |  | Total federal income tax expense
| 138 |  |  | 232 |  |  | Net income
Realized (losses) gains on AFS |  |  |  |  |
Realized (losses) gains on AFS disposals | 4,713 |  |  | (14,016 | ) |  | Net realized (losses) gains
| 4,713 |  |  | (14,016 | ) |  | Income before federal income tax
| (1,649 | ) |  | 4,906 |  |  | Total federal income tax expense
| 3,064 |  |  | (9,110 | ) |  | Net income
Defined benefit pension and post-retirement life plans |  |  |  |  |
Net actuarial loss | 1,486 |  |  | 1,538 |  |  | Losses and loss expenses incurred
| 4,976 |  |  | 5,539 |  |  | Policy acquisition costs
Total defined benefit pension and post-retirement life | 6,462 |  |  | 7,077 |  |  | Income before federal income tax
| (2,262 | ) |  | (2,477 | ) |  | Total federal income tax expense
| 4,200 |  |  | 4,600 |  |  | Net income
Total reclassifications for the period | $ | 7,310 |  |  | (4,655 | ) |  | Net income

X
- References No definition available. + Details
Name: | us-gaap_ComprehensiveIncomeNetOfTaxAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(d)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 11: 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=27012166&loc=d3e187085-122770 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration