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Comprehensive Income
 3 Months Ended
Mar. 31, 2019
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 2019 and 2018 were as follows:
First Quarter 2019
 
 
 
 
 
 
($ in thousands)
 
Gross
 
Tax
 
Net
Net income
 
$
73,694

 
12,346

 
61,348

Components of OCI:
 
 

 
 

 
 

Unrealized gains on investment securities:
 
 

 
 

 
 

Unrealized holding gains during the period
 
102,926

 
21,613

 
81,313

Amounts reclassified into net income:
 
 
 
 
 
 
HTM securities
 
(9
)
 
(2
)
 
(7
)
Realized gains on disposals and OTTI of AFS securities
 
(1,077
)
 
(226
)
 
(851
)
    Total unrealized gains on investment securities
 
101,840

 
21,385

 
80,455

Defined benefit pension and post-retirement plans:
 
 

 
 

 
 

Amounts reclassified into net income:
 
 

 
 

 
 

Net actuarial loss
 
664

 
139

 
525

    Total defined benefit pension and post-retirement plans
 
664

 
139

 
525

Other comprehensive income
 
102,504

 
21,524

 
80,980

Comprehensive income
 
$
176,198

 
33,870

 
142,328

 
 
 
 
 
 
 
 
 
 
 
 
 
 
First Quarter 2018
 
 
 
 
 
 
($ in thousands)
 
Gross
 
Tax
 
Net
Net income
 
$
19,931

 
1,006

 
18,925

Components of other comprehensive loss:
 
 

 
 

 
 

Unrealized losses on investment securities:
 
 

 
 

 
 

Unrealized holding losses during the period
 
(85,315
)
 
(17,917
)
 
(67,398
)
Amounts reclassified into net income:
 
 
 
 
 
 
HTM securities
 
(12
)
 
(2
)
 
(10
)
Realized losses on disposals and OTTI of AFS securities
 
4,549

 
955

 
3,594

    Total unrealized losses on investment securities
 
(80,778
)
 
(16,964
)
 
(63,814
)
Defined benefit pension and post-retirement plans:
 
 

 
 

 
 

Amounts reclassified into net income:
 
 

 
 

 
 

Net actuarial loss
 
532

 
112

 
420

    Total defined benefit pension and post-retirement plans
 
532

 
112

 
420

Other comprehensive loss
 
(80,246
)
 
(16,852
)
 
(63,394
)
Comprehensive loss
 
$
(60,315
)
 
(15,846
)
 
(44,469
)


The balances of, and changes in, each component of AOCI (net of taxes) as of March 31, 2019 were as follows:
March 31, 2019
 
 
 
Defined Benefit
Pension and Post-Retirement Plans
 
 
 
 
Net Unrealized Gains (Losses) on Investment Securities
 
 
Total AOCI
($ in thousands)
 
OTTI
Related
 
HTM
Related
 
All
Other
 
Investments
Subtotal
 
 
Balance, December 31, 2018
 
$
(71
)
 
71

 
1,888

 
1,888

 
(79,844
)
 
(77,956
)
OCI before reclassifications
 
—

 
—

 
81,313

 
81,313

 
—

 
81,313

Amounts reclassified from AOCI
 
—

 
(7
)
 
(851
)
 
(858
)
 
525

 
(333
)
Net current period OCI
 
—

 
(7
)
 
80,462

 
80,455

 
525

 
80,980

Balance, March 31, 2019
 
$
(71
)
 
64

 
82,350

 
82,343

 
(79,319
)
 
3,024



The reclassifications out of AOCI were as follows:
 
Quarter ended March 31,
Affected Line Item in the Unaudited Consolidated Statements of Income
($ in thousands)
2019
 
2018
HTM related
 
 
 
 
Unrealized losses on HTM disposals
$
—

 
1

Net realized and unrealized gains (losses)
Amortization of net unrealized gains on HTM securities
(9
)
 
(13
)
Net investment income earned
 
(9
)
 
(12
)
Income before federal income tax
 
2

 
2

Total federal income tax expense
 
(7
)
 
(10
)
Net income
Realized (gains) losses on AFS and OTTI
 
 
 
 
Realized (gains) losses on AFS disposals and OTTI
(1,077
)
 
4,549

Net realized and unrealized gains (losses)
 
(1,077
)
 
4,549

Income before federal income tax
 
226

 
(955
)
Total federal income tax expense
 
(851
)
 
3,594

Net income
Defined benefit pension and post-retirement life plans
 
 
 
 
Net actuarial loss
145

 
112

Loss and loss expense incurred
 
519

 
420

Other insurance expenses
Total defined benefit pension and post-retirement life
664

 
532

Income before federal income tax
 
(139
)
 
(112
)
Total federal income tax expense
 
525

 
420

Net income
 
 
 
 
 
Total reclassifications for the period
$
(333
)
 
4,004

Net income