XML 69 R52.htm IDEA: XBRL DOCUMENT v3.8.0.1
Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income
Shareholders' equity included the following components of Accumulated Other Comprehensive Income ("AOCI") as of the dates indicated:
 
December 31,
 
2017
 
2016
 
2015
Fixed maturities, net of OTTI
$
5,351

 
$
3,413

 
$
2,123

Equity securities, available-for-sale
35

 
33

 
31

Derivatives
127

 
258

 
259

DAC/VOBA adjustment on available-for-sale securities
(1,471
)
 
(1,083
)
 
(765
)
Premium deficiency reserve
(190
)
 
(54
)
 
—

Sales inducements adjustment on available-for-sale securities
(278
)
 
(169
)
 
(23
)
Other
(18
)
 
(31
)
 
(31
)
Unrealized capital gains (losses), before tax
3,556

 
2,367

 
1,594

Deferred income tax asset (liability)
(840
)
 
(472
)
 
(202
)
Net unrealized capital gains (losses)
2,716

 
1,895

 
1,392

Pension and other postretirement benefits liability, net of tax
15

 
26

 
33

AOCI
$
2,731

 
$
1,921

 
$
1,425
Schedule of Amounts Recognized in Other Comprehensive Income
Changes in AOCI, including the reclassification adjustments recognized in the Consolidated Statements of Operations were as follows for the periods indicated:
 
December 31, 2017
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
1,943

 
$
(647
)
 
$
1,296

Equity securities
2

 
(1
)
 
1

Other
13

 
(5
)
 
8

OTTI
(2
)
 
1

 
(1
)
Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations
(3
)
 
1

 
(2
)
DAC/VOBA
(388
)
(1) 
150

 
(238
)
Premium deficiency reserve
(136
)
 
48

 
(88
)
Sales inducements
(109
)
 
39

 
(70
)
Change in unrealized gains/losses on available-for-sale securities
1,320

 
(414
)
 
906

 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
(106
)
(2) 
37

 
(69
)
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations
(25
)
 
9

 
(16
)
Change in unrealized gains/losses on derivatives
(131
)
 
46

 
(85
)
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations
(15
)
(3) 
4

 
(11
)
Change in pension and other postretirement benefits liability
(15
)
 
4

 
(11
)
Change in Other comprehensive income (loss)
$
1,174

 
$
(364
)
 
$
810


(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information.
(3) See the Employee Benefit Arrangements Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs.



 
December 31, 2016
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
1,168

 
$
(408
)
 
$
760

Equity securities
2

 
(1
)
 
1

Other
—

 
—

 
—

OTTI
24

 
(8
)
 
16

Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations
98

 
(34
)
 
64

DAC/VOBA
(318
)
(1) 
111

 
(207
)
Premium deficiency reserve
(54
)
 
20

 
(34
)
Sales inducements
(146
)
 
50

 
(96
)
Change in unrealized gains/losses on available-for-sale securities
774

 
(270
)
 
504

 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
19

(2) 
(7
)
 
12

Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations
(20
)
 
7

 
(13
)
Change in unrealized gains/losses on derivatives
(1
)
 
—

 
(1
)
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations
(10
)
(3) 
3

 
(7
)
Change in pension and other postretirement benefits liability
(10
)
 
3

 
(7
)
Change in Other comprehensive income (loss)
$
763

 
$
(267
)
 
$
496

(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information.
(3) See the Employee Benefit Arrangements Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs.




 
December 31, 2015
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
(3,863
)
 
$
1,348

 
$
(2,515
)
Equity securities
2

 
(1
)
 
1

Other
—

 
—

 
—

OTTI
19

 
(7
)
 
12

Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations
122

 
(43
)
 
79

DAC/VOBA
1,076

(1) 
(377
)
 
699

Premium deficiency reserve
—

 
—

 
—

Sales inducements
53

 
(18
)
 
35

Change in unrealized gains/losses on available-for-sale securities
(2,591
)
 
902

 
(1,689
)
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
44

(2) 
(15
)
 
29

Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations
(15
)
 
5

 
(10
)
Change in unrealized gains/losses on derivatives
29

 
(10
)
 
19

 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations
(14
)
(3) 
5

 
(9
)
Change in pension and other postretirement benefits liability
(14
)
 
5

 
(9
)
Change in Other comprehensive income (loss)
$
(2,576
)
 
$
897

 
$
(1,679
)
(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information.
(3) See the Employee Benefit Arrangements Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs.