Assurant 2014 Annual Report Download - page 137
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ASSURANT, INC. – 2014 Form 10-K F-49
19 Accumulated Other Comprehensive Income
Year Ended December 31, 2013
Foreign
currency
translation
adjustment
Unrealized
gains on
securities
OTTI
Pension
under-
funding
Accumulated
other
comprehensive
income
Balance at December 31, 2012 $ 6,882 $ 981,879 $ 23,861 $ (182,219) $ 830,403
Other comprehensive (loss) income before
reclassifi cations (45,649) (478,853) (2,237) 77,938 (448,801)
Amounts reclassifi ed from accumulated
other comprehensive income — 23,045 4,803 17,380 45,228
Net current-period other comprehensive
(loss) income (45,649) (455,808) 2,566 95,318 (403,573)
Balance at December 31, 2013 $ (38,767) $ 526,071 $ 26,427 $ (86,901) $ 426,830
Year Ended December 31, 2012
Foreign
currency
translation
adjustment
Unrealized
gains on
securities
OTTI
Pension
under-
funding
Accumulated
other
comprehensive
income
Balance at December 31, 2011 $ 10,918 $ 713,773 $ 15,387 $ (182,502) $ 557,576
Other comprehensive (loss) income before
reclassifi cations (4,036) 240,603 8,551 (14,872) 230,246
Amounts reclassifi ed from accumulated
other comprehensive income — 27,503 (77) 15,155 42,581
Net current-period other comprehensive
(loss) income (4,036) 268,106 8,474 283 272,827
Balance at December 31, 2012 $ 6,882 $ 981,879 $ 23,861 $ (182,219) $ 830,403
The following tables summarize the reclassifications out of accumulated other comprehensive income.
Details about accumulated other
comprehensive income components
Amount reclassifi ed from accumulated
other comprehensive income
Affected line item in the statement
where net income is presented
Years Ended December 31,
2014 2013 2012
Unrealized gains on securities $ 49,248 $ 35,454 $ 42,312
Net realized gains on investments,
excluding other-than-temporary
impairment losses
(17,237) (12,409) (14,809) Provision for income taxes
$ 32,011 $ 23,045 $ 27,503 Net of tax
OTTI $ 2,289 $ 7,389 $ (118)
Portion of net loss (gain) recognized in
other comprehensive income, before
taxes
(801) (2,586) 41 Provision for income taxes
$ 1,488 $ 4,803 $ (77) Net of tax
Amortization of pension and postretirement
unrecognized net periodic benefi t cost:
Amortization of prior service cost $ (97) $ (77) $ (152) (1)
Amortization of net loss 11,405 26,816 23,467 (1)
11,308 26,739 23,315 Total before tax
(3,958) (9,359) (8,160) Provision for income taxes
$ 7,350 $ 17,380 $ 15,155 Net of tax
TOTAL RECLASSIFICATIONS FOR THE PERIOD $ 40,849 $ 45,228 $ 42,581 NET OF TAX
(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 21 - Retirement
and Other Employee Benefits for additional information