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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2019
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:
 
March 31,
 
2019
 
2018
Fixed maturities, net of OTTI
$
1,030

 
$
786

Derivatives
126

 
93

DAC/VOBA and Sales inducements adjustment on available-for-sale securities
(293
)
 
(240
)
Premium deficiency reserve adjustment
(86
)
 
(82
)
Unrealized capital gains (losses), before tax
777

 
557

Deferred income tax asset (liability)
(35
)
 
(123
)
Unrealized capital gains (losses), after tax
742

 
434

Pension and other postretirement benefits liability, net of tax
5

 
4

AOCI
$
747

 
$
438





 
 
 
 
 
 











Changes in AOCI, including the reclassification adjustments recognized in the Condensed Consolidated Statements of Operations were as follows for the periods indicated:
 
Three Months Ended March 31, 2019
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
887

 
$
(184
)
 
$
703

Other
—

 
—

 
—

OTTI
—

 
—

 
—

Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
15

 
(3
)
 
12

DAC/VOBA and Sales inducements
(220
)
(1) 
46

 
(174
)
Premium deficiency reserve adjustment
(35
)
 
7

 
(28
)
Change in unrealized gains/losses on available-for-sale securities
647

 
(134
)
 
513

 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
(8
)
(2) 
2

 
(6
)
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(6
)
 
1

 
(5
)
Change in unrealized gains/losses on derivatives
(14
)
 
3

 
(11
)
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
—

 
—

 
—

Change in pension and other postretirement benefits liability
—

 
—

 
—

Change in Other comprehensive income (loss)
$
633

 
$
(131
)
 
$
502

(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.

 
 
 
 
 
 

















 
Three Months Ended March 31, 2018
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
(687
)
 
$
153

(3) 
$
(534
)
Other
(5
)
 
1

 
(4
)
OTTI
7

 
(1
)
 
6

Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
14

 
(3
)
 
11

DAC/VOBA and Sales inducements
194

(1) 
(41
)
 
153

Premium deficiency reserve adjustment
33

 
(7
)
 
26

Change in unrealized gains/losses on available-for-sale securities
(444
)
 
102

 
(342
)
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
(25
)
(2) 
5

 
(20
)
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(6
)
 
1

 
(5
)
Change in unrealized gains/losses on derivatives
(31
)
 
6

 
(25
)
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(1
)
 
—

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

 
(1
)
Change in Other comprehensive income (loss)
$
(476
)
 
$
108

 
$
(368
)
(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.
(3) Amount includes $11 valuation allowance. See the Income Taxes Note to these Condensed Consolidated Financial Statements for additional information.