Progressive 2013 Annual Report Download - page 37

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11. OTHER COMPREHENSIVE INCOME (LOSS)
The components of other comprehensive income (loss) for the years ended December 31, were as follows:
Components of Changes in
Accumulated Other
Comprehensive Income (after tax)
(millions)
Pretax total
accumulated
other
comprehensive
income
Total tax
(provision)
benefit
After tax total
accumulated
other
comprehensive
income
Total net
unrealized
gains (losses)
on securities
Net
unrealized
gains on
forecasted
transactions1,3
Foreign
currency
translation
adjustment
Balance at December 31, 2012 $1,340.0 $(469.0) $871.0 $862.7 $ 6.1 $ 2.2
Other comprehensive income (loss)
before reclassifications:
Investment securities 368.2 (128.9) 239.3 239.3 0 0
Net non-credit related OTTI losses,
adjusted for valuation changes .4 (.1) .3 .3 0 0
Forecasted transactions 0 0 0 0 0 0
Foreign currency translation
adjustment (2.5) .9 (1.6) 0 0 (1.6)
Total other comprehensive income (loss)
before reclassifications 366.1 (128.1) 238.0 239.6 0 (1.6)
Less: Reclassification adjustment for
amounts realized in net income by
income statement line item:
Net impairment losses recognized in
earnings (5.7) 2.0 (3.7) (3.7) 0 0
Net realized gains (losses) on
securities2245.5 (86.0) 159.5 159.0 .5 0
Interest expense32.2 (.7) 1.5 0 1.5 0
Total reclassification adjustment for
amounts realized in net income 242.0 (84.7) 157.3 155.3 2.0 0
Total other comprehensive income (loss) 124.1 (43.4) 80.7 84.3 (2.0) (1.6)
Balance at December 31, 2013 $1,464.1 $(512.4) $951.7 $947.0 $ 4.1 $ .6
App.-A-37