Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Components of the deferred income tax assets and liabilities

($ in millions)	2014			2013
Deferred assets
Difference in tax bases of investments	$	31		$	44
Deferred reinsurance gain	20			23
Sale of subsidiary	—			173
Other assets	15			6
Total deferred assets	66			246
Deferred liabilities
Unrealized net capital gains	(747		)	(501		)
DAC	(396		)	(470		)
Life and annuity reserves	(255		)	(273		)
Other liabilities	(75		)	(94		)
Total deferred liabilities	(1,473		)	(1,338		)
Net deferred liability before classification as held for sale	(1,407		)	(1,092		)
Deferred taxes classified as held for sale	—			(151		)
Net deferred liability	$	(1,407	)	$	(941	)

Components of income tax expense

($ in millions)	2014		2013			2012
Current	$	101	$	71		$	(82	)
Deferred	132		(52		)	261
Total income tax expense	$	233	$	19		$	179

Reconciliation of the statutory federal income tax rate to the effective income tax rate on income from operations

	2014		2013		2012
Statutory federal income tax rate - (benefit) expense	35.0	%	(35.0	)%	35.0	%
Tax credits	(1.9	)	(181.8	)	(3.8	)
Dividends received deduction	(0.9	)	(46.1	)	(1.4	)
Adjustments to prior year tax liabilities	(0.2	)	(14.1	)	(0.3	)
Sale of subsidiary	(1.8	)	351.3		—
State income taxes	0.1		15.3		—
Non-deductible expenses	0.2		6.8		0.1
Other	0.2		0.1		—
Effective income tax rate - expense	30.7	%	96.5	%	29.6	%