Laserfiche WebLink
Liberty Mutual Holding Company Inc. <br />Consolidated Statements of Changes in Policyholders' Equity <br />(dollars in millions) <br />(Clnaudited) <br />Accumulated <br />Other <br />Unassigned Comprehensive Policyholders' <br />Equity Income Equity <br />Balance, January 1, 2005 $ 7,439 $ 1,258 $ 8,697 <br />Comprehensive income <br />Net income ],027 - 1,027 <br />Other comprehensive loss, net of taxes: <br />Unrealized losses on securities - (171) (171) <br />Less: reclassificadon adjustment for gains <br />and losses included in net income - (340) (340) <br />Minimum pension Gabiliry adjustment - (306) (306) <br />Foreign currency translation adjustments - (49) (49) <br />Other comprehensive loss, net of taxes - (866) (866) <br />Total comprehensive income 161 <br />Balance, December 31, 2005 $ 8,466 $ 392 $ 8,858 <br />Comprehensive income <br />Net income 1,626 - 1,626 <br />Other comprehensive income, net of taxes: <br />Unrealized gains on securities - 211 211 <br />Less: reclassi&cation adjustment forgains - <br />and losses included in net income - (223) (223) <br />Minimum pension liability adjustment - 312 312 <br />Foreign currenty translation adjustments - l l l l 11 <br />Other comprehensive income, net of taxes - 411 411 <br />Total comprehensive income 2,037 <br />Balance, December 31, 2006 $ 10,092 $ 803 $ 10,895 <br />Adjustment for adoption of FIN 48 (Note 1) 1l 11 <br />Comprehensive income <br />Net income 1,518 - 1,518 <br />Other comprehensive loss, net of taxes: <br />Unrealized gains on securites - 213 213 <br />Less: reclassificadon adjustment for gains <br />and losses included in net income - (283) (283) <br />Minimum pension Gabiliry adjustment - 23 23 <br />Foreign currency translation adjustments - 277 277 <br />Other comprehensive income, net of taxes - 230 230 <br />Total comprehensive income 1,748 <br />Adjustment for adoption of FAS 158 (Note 1) - (288) (288) <br />Balance, December 31, 2007 $ 11,621 $ 745 $ ]2,366 <br />See accompanying notes to the unaudited consolidated financial statements. <br />