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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)

Shareholder's equity included the following components of AOCI as of the dates indicated.
 
December 31,
 
2018
 
2017
 
2016
Fixed maturities, net of OTTI
$
127

 
$
1,451

 
$
862

Equity securities
—

 
15

 
15

Derivatives
140

 
124

 
201

DAC/VOBA and Sales inducements adjustments on available-for-sale securities
(73
)
 
(433
)
 
(324
)
Premium deficiency reserve adjustment
(51
)
 
(115
)
 
(90
)
Other
—

 
5

 
—

Unrealized capital gains (losses), before tax
143

 
1,047

 
664

Deferred income tax asset (liability)
(39
)
 
(234
)
 
(111
)
Unrealized capital gains (losses), after tax
104

 
813

 
553

Pension and other postretirement benefits liability, net of tax
4

 
5

 
6

AOCI
$
108

 
$
818

 
$
559



Changes in AOCI, including the reclassification adjustments recognized in the Consolidated Statements of Operations were as follows for the periods indicated:
 
Year Ended December 31, 2018
 
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
 
Available-for-sale securities:
 
 
 
 
 
 
Fixed maturities
$
(1,401
)
 
$
299

(5) 
$
(1,102
)
 
Equity securities
—

(1) 
—

 
—

 
Other
(5
)
 
1

 
(4
)
 
OTTI
8

 
(2
)
 
6

 
Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations
69

 
(14
)
 
55

 
DAC/VOBA and Sales inducements
360

(2) 
(76
)
 
284

 
Premium deficiency reserve adjustment
64

 
(13
)
 
51

 
Change in unrealized gains/losses on available-for-sale securities
(905
)
 
195

 
(710
)
 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
Derivatives
40

(3) 
(8
)
 
32

 
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations
(24
)
 
5

 
(19
)
 
Change in unrealized gains/losses on derivatives
16

 
(3
)
 
13

 
 
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations
(1
)
(4) 
—

 
(1
)
 
Change in pension and other postretirement benefits liability
(1
)
 
—

 
(1
)
 
Change in Other comprehensive income (loss)
$
(890
)
 
$
192

 
$
(698
)
 
(1) Balance reclassified to Retained earnings due to adoption of ASU 2016-01.
(2) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information.
(3) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information.
(4) See the Benefit Plans Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs.
(5) Amount includes $9 valuation allowance. See the Income Taxes Note these Consolidated Financial Statements for additional information.


 
Year Ended December 31, 2017
 
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
 
Available-for-sale securities:
 
 
 
 
 
 
Fixed maturities
$
564

 
$
(190
)
 
$
374

 
Equity securities
—

 
—

 
—

 
Other
5

 
(2
)
 
3

 
OTTI
(4
)
 
1

 
(3
)
 
Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations
29

 
(10
)
 
19

 
DAC/VOBA and Sales inducements
(109
)
(1) 
42

 
(67
)
 
Premium deficiency reserve adjustment
(25
)
 
9

 
(16
)
 
Change in unrealized gains/losses on available-for-sale securities
460

 
(150
)
 
310

 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
Derivatives
(53
)
(2) 
19

 
(34
)
 
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations
(24
)
 
8

 
(16
)
 
Change in unrealized gains/losses on derivatives
(77
)
 
27

 
(50
)
 
 
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations
(2
)
(3) 
1

 
(1
)
 
Change in pension and other postretirement benefits liability
(2
)
 
1

 
(1
)
 
Change in Other comprehensive income (loss)
$
381

 
$
(122
)
 
$
259

 
(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information.
(3) See the Benefit Plans Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs.


 
Year Ended December 31, 2016
 
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
 
Available-for-sale securities:
 
 
 
 
 
 
Fixed maturities
$
346

 
$
(121
)
 
$
225

 
Equity securities
1

 
—

 
1

 
Other
—

 
—

 
—

 
OTTI
9

 
(3
)
 
6

 
Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations
70

 
(25
)
 
45

 
DAC/VOBA and Sales inducements
(128
)
(1) 
45

 
(83
)
 
Premium deficiency reserve adjustment
(23
)
 
8

 
(15
)
 
Change in unrealized gains/losses on available-for-sale securities
275

 
(96
)
 
179

 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
Derivatives
11

(2) 
(4
)
 
7

 
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations
(19
)
 
7

 
(12
)
 
Change in unrealized gains/losses on derivatives
(8
)
 
3

 
(5
)
 
 
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations
(1
)
(3) 
—

 
(1
)
 
Change in pension and other postretirement benefits liability
(1
)
 
—

 
(1
)
 
Change in Other comprehensive income (loss)
$
266

 
$
(93
)
 
$
173

 

(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information.
(3) See the Benefit Plans Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs.