Shareholder's Equity (Tables)

9 Months Ended

Sep. 30, 2020

Stockholders' Equity Note [Abstract]

Schedule of components of OCI [Table Text Block]

15. Shareholder’s Equity

The following tables provide the amounts related to each component of OCI:

	Three Months Ended September 30,
	2020						2019
	Pretax		Income Tax Benefit (Expense)		Net of Tax		Pretax		Income Tax Benefit (Expense)		Net of Tax
	(in millions)
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period (1)	$	208	$	(44)	$	164	$	289	$	(63)	$	226
Reclassification of net (gains) losses on securities included in net income (2)	(2)		—		(2)		11		(2)		9
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables	(94)		20		(74)		(195)		41		(154)
Net unrealized gains (losses) on securities	112		(24)		88		105		(24)		81
Total other comprehensive income (loss)	$	112	$	(24)	$	88	$	105	$	(24)	$	81

	Nine Months Ended September 30,
	2020						2019
	Pretax		Income Tax Benefit (Expense)		Net of Tax		Pretax		Income Tax Benefit (Expense)		Net of Tax
	(in millions)
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period (1)	$	500	$	(107)	$	393	$	1,410	$	(302)	$	1,108
Reclassification of net (gains) losses on securities included in net income (2)	3		(1)		2		1		—		1
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables	(223)		47		(176)		(694)		146		(548)
Net unrealized gains (losses) on securities	280		(61)		219		717		(156)		561
Total other comprehensive income (loss)	$	280	$	(61)	$	219	$	717	$	(156)	$	561

(1) Includes impairments on Available-for-Sale securities related to factors other than credit that were recognized in OCI during the period.

(2) Reclassification amounts are recorded in net realized investment gains (losses).

Schedule of amounts reclassified from AOCI [Table Text Block]

The following tables present the changes in the balances of each component of AOCI, net of tax:

	Net Unrealized Gains (Losses) on Securities		Other		Total
	(in millions)
Balance, July 1, 2020	$	706	$	(1)	$	705
OCI before reclassifications	90		—		90
Amounts reclassified from AOCI	(2)		—		(2)
Total OCI	88		—		88
Balance, September 30, 2020	$	794	$	(1)	$	793
Balance, January 1, 2020	$	575	$	(1)	$	574
OCI before reclassifications	217		—		217
Amounts reclassified from AOCI	2		—		2
Total OCI	219		—		219
Balance, September 30, 2020	$	794	$	(1)	$	793

	Net Unrealized Gains (Losses) on Securities		Other		Total
	(in millions)
Balance, July 1, 2019	$	526	$	(1)	$	525
OCI before reclassifications	72		—		72
Amounts reclassified from AOCI	9		—		9
Total OCI	81		—		81
Balance, September 30, 2019	$	607	$	(1)	$	606
Balance, January 1, 2019	$	46	$	(1)	$	45
OCI before reclassifications	560		—		560
Amounts reclassified from AOCI	1		—		1
Total OCI	561		—		561
Balance, September 30, 2019	$	607	$	(1)	$	606

(1) Includes nil of noncredit related impairments on securities and net unrealized gains (losses) on previously impaired securities as of both September 30, 2020 and September 30, 2019.