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Shareholder's Equity
3 Months Ended
Mar. 31, 2013
Shareholder's Equity  
Shareholder's Equity

13.  Shareholder’s Equity

 

The following table provides information related to amounts reclassified from AOCI for the three months ended March 31, 2013:

 

AOCI Reclassification

 

Location of Gain (Loss)
Recognized in Income

 

Amount
Reclassified
from AOCI

 

 

 

 

 

(in millions)

 

Net unrealized losses on Available-for-Sale securities

 

Net investment income

 

$

1

 

Tax benefit

 

Income tax provision

 

(1

)

Net of tax

 

 

 

$

—

 

 

 

 

 

 

 

Losses on cash flow hedges:

 

 

 

 

 

Swaptions

 

Net investment income

 

$

2

 

Tax benefit

 

Income tax provision

 

(1

)

Net of tax

 

 

 

$

1

 

 

The Company made adjustments to AOCI for the impact to DAC, DSIC, benefit reserves and reinsurance recoverable on net unrealized securities gains of $64 million, net of tax. See Note 4 for additional information related to the impact of DAC, DSIC, benefit reserves and reinsurance recoverable on net unrealized securities losses included in AOCI. See Note 12 for additional information regarding the Company’s cash flow hedges.