Anthem Blue Cross 2000 Annual Report Download - page 19

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Anthem Insurance Companies, Inc.
Notes to Consolidated Financial Statements (continued)
11. Accumulated Other Comprehensive Income
The following is a reconciliation of the components of accumulated other comprehensive income at December 31:
2000 1999
Gross unrealized gains on securities $ 228.1 $ 187.5
Gross unrealized losses on securities (110.8) (127.4)
Total pretax net unrealized gains on securities 117.3 60.1
Deferred tax liability (41.4) (21.0)
Net unrealized gains on securities 75.9 39.1
Additional minimum pension liability (7.2) (1.2)
Deferred tax asset 2.5 0.4
Net additional minimum pension liability (4.7) (0.8)
Accumulated other comprehensive income $ 71.2 $ 38.3
A reconciliation of the change in unrealized and realized gains (losses) on securities included in accumulated other
comprehensive income follows:
2000 1999 1998
Change in pretax net unrealized gains on securities $ 83.1 $ (99.2) $ 185.6
Less change in deferred taxes (28.4) 36.9 (64.0)
Less net realized gains on securities, net of income
taxes (2000, $8.0; 1999, $11.3; 1998, $54.6),
included in net income (17.9) (26.2) (101.3)
Change in net unrealized gains of discontinued operations ––(14.9)
Change in net unrealized gains on securities $ 36.8 $ (88.5) $ 5.4
12. Leases
The Company leases office space and certain computer equipment using noncancelable operating leases. Related lease
expense for 2000, 1999 and 1998 was $64.0, $60.9, and $42.9, respectively.
At December 31, 1999, future lease payments for operating leases with initial or remaining noncancelable terms of one
year or more consisted of the following: 2001, $48.7; 2002, $38.6; 2003, $31.7; 2004, $25.1; 2005, $22.9; and
thereafter $136.7.