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126 UNUM • 2014 ANNUAL REPORT
Notes To Consolidated Financial Statements
Note 5. Accumulated Other Comprehensive Income
Components of our accumulated other comprehensive income, after tax, and related changes are as follows:
Net Foreign Unrecognized
Unrealized Net Gain on Currency Pension and
Gain on Cash Flow Translation Postretirement
(in millions of dollars) Securities Hedges Adjustment Benefit Costs Total
Balance at December 31, 2012 $ 873.5 $401.6 $ (72.6) $(574.5) $ 628.0
Other Comprehensive Income (Loss)
Before Reclassifications (746.4) 9.7 25.5 328.6 (382.6)
Amounts Reclassified from Accumulated
Other Comprehensive Income or Loss 8.6 (15.0) — 16.0 9.6
Net Other Comprehensive Income (Loss) (737.8) (5.3) 25.5 344.6 (373.0)
Balance at December 31, 2013 135.7 396.3 (47.1) (229.9) 255.0
Other Comprehensive Income (Loss)
Before Reclassifications 154.3 31.1 (66.3) (216.1) (97.0)
Amounts Reclassified from Accumulated
Other Comprehensive Income or Loss 0.3 (36.4) — 44.5 8.4
Net Other Comprehensive Income (Loss) 154.6 (5.3) (66.3) (171.6) (88.6)
Balance at December 31, 2014 $ 290.3 $391.0 $(113.4) $(401.5) $ 166.4
The net unrealized gain on securities consists of the following components:
Change for the Year Ended
December 31 December 31
(in millions of dollars) 2014 2013 2012 2014 2013
Fixed Maturity Securities $ 6,261.5 $ 4,054.8 $ 7,221.5 $ 2,206.7 $ (3,166.7)
Other Investments 13.9 55.5 92.8 (41.6) (37.3)
Deferred Acquisition Costs (50.8) (41.6) (67.0) (9.2) 25.4
Reserves for Future Policy and Contract Benefits (6,150.3) (4,108.5) (6,277.5) (2,041.8) 2,169.0
Reinsurance Recoverable 365.0 263.8 351.5 101.2 (87.7)
Income Tax (149.0) (88.3) (447.8) (60.7) 359.5
Total $ 290.3 $ 135.7 $ 873.5 $ 154.6 $ (737.8)