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Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Income by Component The following tables present the changes in each component of AOCI and the effect of reclassifications out of AOCI on the respective line items in net income.

Changes in Accumulated Other Comprehensive Income by Component
First Quarter 2019

 
Net Unrealized
Gains (Losses) on Investments with no OTTI
 
Net Unrealized
Gains (Losses) on Investments with OTTI
 
Net Unrealized Gains (Losses) on FG VIEs’ Liabilities with Recourse due to ISCR
 
Cumulative
Translation
Adjustment
 
Cash Flow 
Hedge
 
Total 
AOCI
 
(in millions)
Balance, December 31, 2018
$
59

 
$
94

 
$
(31
)
 
$
(37
)
 
$
8

 
$
93

Other comprehensive income (loss) before reclassifications
165

 
(7
)
 
(2
)
 
—

 
—

 
156

Less: Amounts reclassified from AOCI to:
 
 
 
 
 
 
 
 
 
 
 
Net realized investment gains (losses)
3

 
(15
)
 
—

 
—

 
—

 
(12
)
Fair value gains (losses) on FG VIEs
—

 
—

 
(2
)
 
—

 
—

 
(2
)
Total before tax
3

 
(15
)
 
(2
)
 
—

 
—

 
(14
)
Tax (provision) benefit
(1
)
 
3

 
—

 
—

 
—

 
2

Total amount reclassified from AOCI, net of tax
2

 
(12
)
 
(2
)
 
—

 
—

 
(12
)
Net current period other comprehensive income (loss)
163

 
5

 
—

 
—

 
—

 
168

Balance, March 31, 2019
$
222

 
$
99

 
$
(31
)
 
$
(37
)
 
$
8

 
$
261

Changes in Accumulated Other Comprehensive Income by Component
First Quarter 2018

 
Net Unrealized
Gains (Losses) on
Investments with no OTTI
 
Net Unrealized
Gains (Losses) on
Investments with OTTI
 
Net Unrealized Gains (Losses) on FG VIEs’ Liabilities with Recourse due to ISCR
 
Cumulative
Translation
Adjustment
 
Cash Flow 
Hedge
 
Total 
AOCI
 
(in millions)
Balance, December 31, 2017
$
273

 
$
120

 
$
—

 
$
(29
)
 
$
8

 
$
372

Effect of adoption of ASU 2016-01 (1)
1

 
—

 
(33
)
 
—

 
—

 
(32
)
Other comprehensive income (loss) before reclassifications
(122
)
 
(11
)
 
(4
)
 
6

 
—

 
(131
)
Less: Amounts reclassified from AOCI to:
 
 
 
 
 
 
 
 
 
 
 
Net realized investment gains (losses)
6

 
(11
)
 
—

 
—

 
—

 
(5
)
Fair value gains (losses) on FG VIEs
—

 
—

 
(3
)
 
—

 
—

 
(3
)
Total before tax
6

 
(11
)
 
(3
)
 
—

 
—

 
(8
)
Tax (provision) benefit
—

 
2

 
1

 
—

 
—

 
3

Total amount reclassified from AOCI, net of tax
6

 
(9
)
 
(2
)
 
—

 
—

 
(5
)
Net current period other comprehensive income (loss)
(128
)
 
(2
)
 
(2
)
 
6

 
—

 
(126
)
Balance, March 31, 2018
$
146

 
$
118

 
$
(35
)
 
$
(23
)
 
$
8

 
$
214
Schedule of Share Repurchases

On February 27, 2019, the Board of Directors (the Board) authorized the repurchase of another $300 million of common shares. As of May 9, 2019, the Company was authorized to purchase $279 million of its common shares. The Company expects to repurchase shares from time to time in the open market or in privately negotiated transactions. The timing, form and amount of the share repurchases under the program are at the discretion of management and will depend on a variety of factors, including funds available at the parent company, other potential uses for such funds, market conditions, the Company's capital position, legal requirements and other factors. The repurchase program may be modified, extended or terminated by the Board at any time. It does not have an expiration date.
Share Repurchases

Period
 
Number of Shares Repurchased
 
Total Payments
(in millions)
 
Average Price Paid Per Share
2018 (January 1 - March 31)
 
2,787,936

 
$
98

 
$
35.20

2018 (April 1 - June 30)
 
4,163,190

 
152

 
36.48

2018 (July 1 - September 30)
 
3,299,049

 
130

 
39.41

2018 (October 1 - December 31)
 
2,992,932

 
120

 
40.09

Total 2018
 
13,243,107

 
$
500

 
$
37.76

2019 (January 1 - March 31)
 
1,908,605

 
79

 
41.62

2019 (April 1 - May 9, 2019)
 
853,432

 
40

 
46.25

Total 2019
 
2,762,037

 
$
119

 
$
43.05

Cumulative repurchases since the beginning of 2013
 
97,317,994

 
$
2,835

 
$
29.13