WELLPOINT, INC | 2013 | FY | 3

Accumulated Other Comprehensive Income (Loss)
A reconciliation of the components of accumulated other comprehensive income at December 31 is as follows:
 
2013
 
2012
Investments:
 
 
 
Gross unrealized gains
$
1,054.2

 
$
1,282.1

Gross unrealized losses
(277.8
)
 
(51.3
)
Net pretax unrealized gains
776.4

 
1,230.8

Deferred tax liability
(267.4
)
 
(427.1
)
Net unrealized gains on investments
509.0

 
803.7

Non-credit components of OTTI on investments:
 
 
 
Unrealized losses
(0.8
)
 
(3.4
)
Deferred tax asset
0.3

 
1.2

Net unrealized non-credit component of OTTI on investments
(0.5
)
 
(2.2
)
Cash flow hedges:
 
 
 
Gross unrealized losses
(49.7
)
 
(54.3
)
Deferred tax asset
17.4

 
19.0

Net unrealized losses on cash flow hedges
(32.3
)
 
(35.3
)
Defined benefit pension plans:
 
 
 
Deferred net actuarial loss
(427.2
)
 
(686.8
)
Deferred prior service credits
3.0

 
3.9

Deferred tax asset
169.9

 
269.1

Net unrecognized periodic benefit costs for defined benefit pension plans
(254.3
)
 
(413.8
)
Postretirement benefit plans:
 
 
 
Deferred net actuarial loss
(169.6
)
 
(191.0
)
Deferred prior service credits
102.4

 
103.0

Deferred tax asset
27.0

 
34.6

Net unrecognized periodic benefit costs for postretirement benefit plans
(40.2
)
 
(53.4
)
Foreign currency translation adjustments:
 
 
 
Gross unrealized gains
2.2

 
0.2

Deferred tax liability
(0.7
)
 
(0.1
)
Net unrealized gains on foreign currency translation adjustments
1.5

 
0.1

Accumulated other comprehensive income
$
183.2

 
$
299.1


Other comprehensive income (loss) reclassification adjustments for the years ended December 31 are as follows:
 
2013
 
2012
 
2011
Investments:
 
 
 
 
 
Net holding loss on investment securities arising during the period, net of tax benefit of $223.6, $5.4 and $38.2, respectively
$
(407.2
)
 
$
(3.2
)
 
$
(71.6
)
Reclassification adjustment for net realized gain on investment securities, net of tax expense of ($60.6), ($104.0) and ($49.6), respectively
112.5

 
193.1

 
92.2

Total reclassification adjustment on investments
(294.7
)
 
189.9

 
20.6

Non-credit component of OTTI on investments:
 
 
 
 
 
Non-credit component of OTTI on investments, net of tax (expense) benefit of ($0.9), ($2.4) and $0.5, respectively
1.7

 
4.5

 
(0.7
)
Cash flow hedges:
 
 
 
 
 
Holding gain (loss), net of tax (expense) benefit of ($1.6), ($0.1) and $5.3, respectively
3.0

 
0.1

 
(10.0
)
Other:
 
 
 
 
 
Net change in unrecognized periodic benefit costs for defined benefit pension and postretirement benefit plans, net of tax (expense) benefit of ($106.8), ($7.1) and $81.7, respectively
172.7

 
(10.9
)
 
(119.8
)
Foreign currency translation adjustment, net of tax expense of ($0.6), ($0.3) and ($0.2), respectively
1.4

 
0.6

 
0.2

Net (loss) gain recognized in other comprehensive income, net of tax benefit (expense) of $53.1, ($108.5) and $75.9, respectively
$
(115.9
)
 
$
184.2

 
$
(109.7
)

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