XML 41 R30.htm IDEA: XBRL DOCUMENT v3.23.1

Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2023

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Schedule of Components of Comprehensive Income-Gross and Net of Tax

First Quarter 2023
($ in thousands)						Gross						Tax						Net
Net income						$	114,759					22,185						92,574
Components of OCI:
Unrealized gains (losses) on investment securities:
Unrealized holding gains (losses) during the period						65,925						13,846						52,079
Unrealized gains (losses) on securities with credit loss recognized in earnings						22,431						4,710						17,721
Amounts reclassified into net income:
Net realized (gains) losses on disposals and intent-to-sell AFS securities						6,104						1,282						4,822
Credit loss (benefit) expense						(9,529)						(2,002)						(7,527)
Total unrealized gains (losses) on investment securities						84,931						17,836						67,095
Defined benefit pension and post-retirement plans:
Amounts reclassified into net income:
Net actuarial (gain) loss						757						159						598
Total defined benefit pension and post-retirement plans						757						159						598
Other comprehensive income (loss)						85,688						17,995						67,693
Comprehensive income (loss)						$	200,447					40,180						160,267
First Quarter 2022
($ in thousands)						Gross						Tax						Net
Net income						$	69,890					13,560						56,330
Components of OCI:
Unrealized gains (losses) on investment securities:
Unrealized holding gains (losses) during the period						(261,832)						(54,984)						(206,848)
Unrealized gains (losses) on securities with credit loss recognized in earnings						(86,621)						(18,191)						(68,430)
Amounts reclassified into net income:
HTM securities						1						—						1
Net realized (gains) losses on disposals and intent-to-sell AFS securities						15,991						3,358						12,633
Credit loss (benefit) expense						22,052						4,631						17,421
Total unrealized gains (losses) on investment securities						(310,409)						(65,186)						(245,223)
Defined benefit pension and post-retirement plans:
Amounts reclassified into net income:
Net actuarial (gain) loss						417						88						329
Total defined benefit pension and post-retirement plans						417						88						329
Other comprehensive income (loss)						(309,992)						(65,098)						(244,894)
Comprehensive income (loss)						$	(240,102)					(51,538)						(188,564)

Schedule of Components of Accumulated Other Comprehensive Income Net of Tax

March 31, 2023						Net Unrealized Gains (Losses) on Investment Securities																		Defined Benefit Pension and Post-Retirement Plans						Total AOCI
($ in thousands)						Credit Loss Related1						All Other						Investments Subtotal
Balance, December 31, 2022						$	(121,838)					(295,197)						(417,035)						(81,007)						(498,042)
OCI before reclassifications						17,721						52,079						69,800						—						69,800
Amounts reclassified from AOCI						(7,527)						4,822						(2,705)						598						(2,107)
Net current period OCI						10,194						56,901						67,095						598						67,693
Balance, March 31, 2023						$	(111,644)					(238,296)						(349,940)						(80,409)						(430,349)

1Represents change in unrealized gains (losses) on securities with credit loss recognized in earnings.

Schedule of Reclassifications Out Of Accumulated Other Comprehensive Income

						Quarter ended March 31,																		Affected Line Item in the Unaudited Consolidated Statements of Income
($ in thousands)						2023						2022
HTM related
Unrealized (gains) losses on HTM disposals						$	—					—																		Net realized and unrealized investment gains (losses)
Amortization of net unrealized losses (gains) on HTM securities						—						1																		Net investment income earned
						—						1																		Income before federal income tax
						—						—																		Total federal income tax expense
						—						1																		Net income
Net realized (gains) losses on disposals and intent-to-sell AFS securities
Net realized (gains) losses on disposals and intent-to-sell AFS securities						6,104						15,991																		Net realized and unrealized investment gains (losses)
						6,104						15,991																		Income before federal income tax
						(1,282)						(3,358)																		Total federal income tax expense
						4,822						12,633																		Net income
Credit loss related
Credit loss (benefit) expense						(9,529)						22,052																		Net realized and unrealized investment gains (losses)
						(9,529)						22,052																		Income before federal income tax
						2,002						(4,631)																		Total federal income tax expense
						(7,527)						17,421																		Net income
Defined benefit pension and post-retirement life plans
Net actuarial loss						175						96																		Loss and loss expense incurred
						582						321																		Other insurance expenses
Total defined benefit pension and post-retirement life						757						417																		Income before federal income tax
						(159)						(88)																		Total federal income tax expense
						598						329																		Net income
Total reclassifications for the period						$	(2,107)					30,384																		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

Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).

+ References

No definition available.

+ Details

Name:	us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=126968391&loc=d3e526-108580

+ Details

Name:	us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration