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Shareholder's Equity
6 Months Ended
Jun. 30, 2013
Shareholder's Equity  
Shareholder's Equity

13.  Shareholder’s Equity

 

The following table provides information related to amounts reclassified from AOCI:

 

 

 

 

 

Amount Reclassified
from AOCI

 

AOCI Reclassification

 

Location of Loss (Gain)
Recognized in Income

 

Three Months
Ended
 June 30, 2013

 

Six Months
Ended
June 30, 2013

 

 

 

 

 

(in millions)

 

Net unrealized losses on Available-for-Sale securities

 

Net investment income

 

$

—

 

$

1

 

Tax expense

 

Income tax provision

 

1

 

—

 

Net of tax

 

 

 

$

1

 

$

1

 

 

 

 

 

 

 

 

 

Losses on cash flow hedges:

 

 

 

 

 

 

 

Swaptions

 

Net investment income

 

$

2

 

$

4

 

Tax benefit

 

Income tax provision

 

—

 

(1

)

Net of tax

 

 

 

$

2

 

$

3

 

 

The Company made adjustments to AOCI for the impact to DAC, DSIC, benefit reserves and reinsurance recoverable on net unrealized securities losses of $201 million and $265 million, net of tax, for the three months and six months ended June 30, 2013, respectively. 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.