The following table presents the accumulated balances for each classification of other comprehensive income (loss):



	Three Months Ended June 30, 2018
	Unrealized holding gains (losses) arising on fixed maturities, available-for-sale ⁽¹⁾			Unrealized holding gains (losses) arising on cash flow hedges ⁽²⁾			Future policy benefits, DAC and VOBA adjustments			Employee benefit plan adjustment ⁽³⁾			Total
Balances, April 1, 2018	$	286,289		$	14,475		$	(72,255	)	$	(90,734	)	$	137,775
OCI before reclassifications	(353,834		)	58,939			66,954			—			(227,941		)
Deferred income tax benefit (expense)	74,304			(12,377		)	(14,060		)	—			47,867
AOCI before reclassification, net of tax	(279,530		)	46,562			52,894			—			(180,074		)
Amounts reclassified from AOCI	(2,661		)	(9,059		)	—			579			(11,141		)
Deferred income tax benefit (expense)	559			1,902			—			(121		)	2,340
Amounts reclassified from AOCI, net of tax	(2,102		)	(7,157		)	—			458			(8,801		)
Balances, June 30, 2018	$	4,657		$	53,880		$	(19,361	)	$	(90,276	)	$	(51,100	)

⁽¹⁾Reclassifications affect investment gains (losses), net on the condensed consolidated statements of income.

⁽²⁾ Reclassifications affect net investment income on the condensed consolidated statements of income, except for $(887) (before tax) which affected interest expense for the three months ended June 30, 2018.

⁽³⁾The adjustments for defined benefit plans are included in the computation of net periodic (benefit) cost of employee benefit plans (see note 11 for additional details).

The following table presents the accumulated balances for each classification of other comprehensive income (loss):



	Three Months Ended June 30, 2017
	Unrealized holding gains (losses) arising on fixed maturities, available-for-sale ⁽¹⁾			Unrealized holding gains (losses) arising on cash flow hedges ⁽²⁾			Future policy benefits, DAC and VOBA adjustments			Employee benefit plan adjustment ⁽³⁾			Total
Balances, April 1, 2017	$	398,293		$	61,618		$	(77,149	)	$	(82,908	)	$	299,854
OCI before reclassifications	236,996			(18,245		)	(55,549		)	—			163,202
Deferred income tax (expense) benefit	(82,949		)	6,386			19,442			—			(57,121		)
AOCI before reclassification, net of tax	154,047			(11,859		)	(36,107		)	—			106,081
Amounts reclassified from AOCI	(2,406		)	574			—			2,146			314
Deferred income tax benefit (expense)	842			(201		)	—			(751		)	(110		)
Amounts reclassified from AOCI, net of tax	(1,564		)	373			—			1,395			204
Balances, June 30, 2017	$	550,776		$	50,132		$	(113,256	)	$	(81,513	)	$	406,139

⁽¹⁾Reclassifications affect investment gains (losses), net on the condensed consolidated statements of income.

⁽²⁾ Reclassifications affect net investment income on the condensed consolidated statements of income, except for $787 (before tax) which affected interest expense for the three months ended June 30, 2017.

⁽³⁾The adjustments for defined benefit plans are included in the computation of net periodic (benefit) cost of employee benefit plans (see note 11 for additional details).



	Six Months Ended June 30, 2018
	Unrealized holding gains (losses) arising on fixed maturities, available-for-sale ⁽¹⁾			Unrealized holding gains (losses) arising on cash flow hedges ⁽²⁾			Future policy benefits, DAC and VOBA adjustments			Employee benefit plan adjustment ⁽³⁾			Total
Balances, January 1, 2018	$	544,887		$	103,529		$	(116,267	)	$	(91,192	)	$	440,957
Change in estimate of tax reform impact	108,846			(83,806		)	(25,040		)	—			—

OCI before reclassifications	(813,514		)	52,443			154,362			—			(606,709		)
Deferred income tax benefit (expense)	170,838			(11,013		)	(32,416		)	—			127,409
AOCI before reclassification, net of tax	(642,676		)	41,430			121,946			—			(479,300		)
Amounts reclassified from AOCI	(8,101		)	(9,206		)	—			1,159			(16,148		)
Deferred income tax benefit (expense)	1,701			1,933			—			(243		)	3,391
Amounts reclassified from AOCI, net of tax	(6,400		)	(7,273		)	—			916			(12,757		)
Balances, June 30, 2018	$	4,657		$	53,880		$	(19,361	)	$	(90,276	)	$	(51,100	)

⁽¹⁾Reclassifications affect investment gains (losses), net on the condensed consolidated statements of income.

⁽²⁾ Reclassifications affect net investment income on the condensed consolidated statements of income, except for $(632) (before tax) which affected interest expense for the six months ended June 30, 2018.

⁽³⁾The adjustments for defined benefit plans are included in the computation of net periodic (benefit) cost of employee benefit plans (see note 11 for additional details).



	Six Months Ended June 30, 2017
	Unrealized holding gains (losses) arising on fixed maturities, available-for-sale ⁽¹⁾			Unrealized holding gains (losses) arising on cash flow hedges ⁽²⁾			Future policy benefits, DAC and VOBA adjustments			Employee benefit plan adjustment ⁽³⁾			Total
Balances, January 1, 2017	$	311,748		$	67,076		$	(58,646	)	$	(84,303	)	$	235,875
OCI before reclassifications	367,225			(25,200		)	(84,015		)	—			258,010
Deferred income tax (expense) benefit	(128,529		)	8,820			29,405			—			(90,304		)
AOCI before reclassification, net of tax	238,696			(16,380		)	(54,610		)	—			167,706
Amounts reclassified from AOCI	511			(868		)	—			4,292			3,935
Deferred income tax (expense) benefit	(179		)	304			—			(1,502		)	(1,377		)
Amounts reclassified from AOCI, net of tax	332			(564		)	—			2,790			2,558
Balances, June 30, 2017	$	550,776		$	50,132		$	(113,256	)	$	(81,513	)	$	406,139

⁽¹⁾Reclassifications affect investment gains (losses), net on the condensed consolidated statements of income.

⁽²⁾ Reclassifications affect net investment income on the condensed consolidated statements of income, except for $1,667 (before tax) which affected interest expense for the six months ended June 30, 2017.

⁽³⁾The adjustments for defined benefit plans are included in the computation of net periodic (benefit) cost of employee benefit plans (see note 11 for additional details).