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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)

Note 8 - Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) represents the accumulated change in shareholders’ equity from transactions and other events and circumstances from non-shareholder sources. For the Company, accumulated other comprehensive income (loss) includes the after-tax change in net unrealized gains and losses on fixed maturities and equity securities and the after-tax change in net funded status of pension and other postretirement benefit obligations as shown in the Consolidated Statements of Changes in Shareholders’ Equity. The following table reconciles these components.

 

                         
    Unrealized Gains
and Losses on
Fixed Maturities
and Equity
Securities (1)(2)		     Defined
Benefit Plans (1)		     Total (1)  
       

Beginning balance, January 1, 2013

   $ 382,400     $ (15,311 )    $ 367,089  
       

Other comprehensive income before reclassifications

     (3,874 )      -       (3,874 ) 

Amounts reclassified from accumulated other comprehensive income

     (4,460 )      -       (4,460 ) 
   

 

 

    

 

 

    

 

 

  

Net current-period other comprehensive income

     (8,334 )      -       (8,334 ) 
   

 

 

    

 

 

    

 

 

  
       

Ending balance, March 31, 2013

   $ 374,066     $ (15,311 )    $ 358,755  
   

 

 

    

 

 

    

 

 

  

 

 

(1)

All amounts are net of tax.

(2)

The pretax amount reclassified from accumulated other comprehensive income, $6,862, is included in net realized investment gains and the related tax expense, $2,402, is included in income tax expense in the Consolidated Statements of Operations.

Comparative information for elements that are not required to be reclassified in their entirety to net income in the same reporting period is located in “Note 2 — Investments — Unrealized Gains and Losses on Fixed Maturities and Equity Securities”.