XML 93 R83.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes (Details) - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Components of the deferred income tax assets and liabilities        
Unrecognized tax benefits $ 2,000,000 $ 1,000,000 $ 1,000,000 $ 0
Unrecognized tax benefits, income tax penalties and interest accrued 0 0 $ 0  
Unrecognized tax benefits, interest on income taxes accrued 0 0    
Tax penalties or interest accrued   $ 0    
Tax Cuts And Jobs Act Of 2017, Deferred tax asset, provisional income tax benefit $ 514,000,000      
Statutory federal income tax rate expense 35.00% 35.00% 35.00%  
Tax Legislation benefit 71.80% (0.00%) (0.00%)  
Deferred assets        
Deferred reinsurance gain $ 8,000,000 $ 16,000,000    
Other assets 2,000,000 4,000,000    
Total deferred assets (1) 10,000,000 20,000,000    
Deferred liabilities        
Life and annuity reserves (269,000,000) (362,000,000)    
Unrealized net capital gains (223,000,000) (369,000,000)    
DAC (221,000,000) (370,000,000)    
Difference in tax bases of investments (79,000,000) (35,000,000)    
Other liabilities (54,000,000) (75,000,000)    
Total deferred liabilities (846,000,000) (1,211,000,000)    
Net deferred liability (836,000,000) (1,191,000,000)    
Components of income tax expense        
Current 104,000,000 24,000,000 $ 251,000,000  
Deferred (382,000,000) 120,000,000 50,000,000  
Total income tax (benefit) expense (278,000,000) 144,000,000 301,000,000  
Income tax refunds received 1,000,000 22,000,000    
Income taxes paid     $ 221,000,000  
Current income tax receivable $ 56,000,000 $ 16,000,000    
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation        
Statutory federal income tax rate - expense 35.00% 35.00% 35.00%  
Tax Legislation benefit 71.80% (0.00%) (0.00%)  
Tax credits (1.70%) (3.30%) (1.70%)  
Dividends received deduction (0.60%) (1.30%) (0.60%)  
Adjustments to prior year tax liabilities (0.30%) (0.00%) (0.30%)  
State income taxes 0.60% 0.30% 0.40%  
Non-deductible expenses 0.10% 0.20% 0.20%  
Change in accounting for investments in qualified affordable housing projects 0.00% 0.00% 2.00%  
Other 0.00% 0.10% (0.10%)  
Effective income tax rate (benefit) expense 38.70% (31.00%) (34.90%)