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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
Shareholders' equity included the following components of Accumulated Other Comprehensive Income ("AOCI") as of the dates indicated:
June 30,
20202019
Fixed maturities, net of impairment
$6,914  $4,521  
Derivatives(1)
195  168  
DAC/VOBA adjustment on available-for-sale securities
(1,915) (1,228) 
Premium deficiency reserve(324) (134) 
Sales inducements and other intangibles adjustment on available-for-sale securities(213) (157) 
Unrealized capital gains (losses), before tax4,657  3,170  
Deferred income tax asset (liability)(623) (312) 
Net unrealized capital gains (losses)4,034  2,858  
Pension and other postretirement benefits liability, net of tax5  9  
AOCI$4,039  $2,867  
(1) Gains and losses reported in Accumulated Other Comprehensive Income (AOCI) from hedge transactions that resulted in the acquisition of an identified asset are reclassified into earnings in the same period or periods during which the asset acquired affects earnings. As of June 30, 2020, the portion of the AOCI that is expected to be reclassified into earnings within the next 12 months is $24.
Changes in AOCI, including the reclassification adjustments recognized in the Condensed Consolidated Statements of Operations were as follows for the periods indicated:

Three Months Ended June 30, 2020
Before-Tax AmountIncome TaxAfter-Tax Amount
Available-for-sale securities:
Fixed maturities$4,087  $(858) $3,229  
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
8  (2) 6  
DAC/VOBA(1,009) 212  (797) 
Premium deficiency reserve(178) 38  (140) 
Sales inducements and other intangibles(86) 18  (68) 
Change in unrealized gains/losses on available-for-sale securities
2,822  (592) 2,230  
Derivatives:
Derivatives(34) 
(1)
7  (27) 
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(6) 2  (4) 
Change in unrealized gains/losses on derivatives(40) 9  (31) 
Pension and other postretirement benefits liability:
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(1) —  (1) 
Change in pension and other postretirement benefits liability(1) —  (1) 
Change in Accumulated other comprehensive income (loss)$2,781  $(583) $2,198  
(1) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.
Six Months Ended June 30, 2020
Before-Tax AmountIncome TaxAfter-Tax Amount
Available-for-sale securities:
Fixed maturities$1,331  $(280) $1,051  
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
37  (8) 29  
DAC/VOBA(417) 
(1)
88  (329) 
Premium deficiency reserve(75) 16  (59) 
Sales inducements and other intangibles(28) 6  (22) 
Change in unrealized gains/losses on available-for-sale securities
848  (178) 670  
Derivatives:
Derivatives62  
(2)
(13) 49  
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(12) 3  (9) 
Change in unrealized gains/losses on derivatives50  (10) 40  
Pension and other postretirement benefits liability:
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(2) —  (2) 
Change in pension and other postretirement benefits liability(2) —  (2) 
Change in Accumulated other comprehensive income (loss)$896  $(188) $708  
(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.
Three Months Ended June 30, 2019
Before-Tax AmountIncome TaxAfter-Tax Amount
Available-for-sale securities:
Fixed maturities$1,574  $(332) $1,242  
Impairments$1  $—  $1  
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
$(11) $3  $(8) 
DAC/VOBA$(350) $73  $(277) 
Premium deficiency reserve$(41) $8  $(33) 
Sales inducements and other intangibles$(45) $10  $(35) 
Change in unrealized gains/losses on available-for-sale securities
1,128  (238) 890  
Derivatives:
Derivatives$21  
(1)
$(4) $17  
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
$(7) $2  $(5) 
Change in unrealized gains/losses on derivatives$14  $(2) $12  
Pension and other postretirement benefits liability:
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
$(1) $—  $(1) 
Change in pension and other postretirement benefits liability$(1) $—  $(1) 
Change in Accumulated other comprehensive income (loss)$1,141  $(240) $901  

(1) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.
Six Months Ended June 30, 2019
Before-Tax AmountIncome TaxAfter-Tax Amount
Available-for-sale securities:
Fixed maturities$3,439  $(722) $2,717  
Impairment2  —  2  
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
6  (1) 5  
DAC/VOBA(848) 
(1)
178  (670) 
Premium deficiency reserve(77) 16  (61) 
Sales inducements and other intangibles(93) 20  (73) 
Change in unrealized gains/losses on available-for-sale securities
2,429  (509) 1,920  
Derivatives:
Derivatives11  
(2)
(2) 9  
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(13) 3  (10) 
Change in unrealized gains/losses on derivatives(2) 1  (1) 
Pension and other postretirement benefits liability:
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(2) —  (2) 
Change in pension and other postretirement benefits liability(2) —  (2) 
Change in Accumulated other comprehensive income (loss)$2,425  $(508) $1,917  
(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.