XML 127 R114.htm IDEA: XBRL DOCUMENT v3.3.1.900
Income Taxes (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Reconciliation of the change in the amount of unrecognized tax benefits        
Balance – beginning of year $ 0 $ 0 $ 0 $ 25
Increase for tax positions taken in a prior year   4 0 1
Decrease for tax positions taken in a prior year   0 0 0
Increase for tax positions taken in the current year   3 0 0
Decrease for tax positions taken in the current year   0 0 0
Decrease for settlements   0 0 (26)
Reductions due to lapse of statute of limitations   0 0 0
Balance – end of year   7 0 0
Net operating loss carryforward   58    
Deferred assets        
Unearned premium reserves   796 763  
Pension   236 254  
Discount on loss reserves   203 210  
Difference in tax bases of invested assets   202 64  
Accrued compensation   189 206  
Other postretirement benefits   76 138  
Other assets   137 138  
Total deferred assets   1,839 1,773  
Deferred liabilities        
DAC   (1,157) (1,076)  
Unrealized net capital gains   (303) (994)  
Life and annuity reserves   (260) (192)  
Other liabilities   (209) (226)  
Total deferred liabilities   (1,929) (2,488)  
Net deferred liability   (90) (715)  
Components of income tax expense (benefit)        
Current   1,033 1,123 869
Deferred   78 263 247
Total income tax expense   1,111 1,386 1,116
Income tax paid   1,070 1,070 $ 500
Current income tax receivable   $ 59    
Current income tax payable     $ 158  
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation        
Statutory federal income tax rate (as a percent)   35.00% 35.00% 35.00%
Tax-exempt income (as a percent)   (1.00%) (0.90%) (1.80%)
Tax credits (as a percent)   (0.90%) (0.70%) (2.20%)
Sale of subsidiary (as a percent)   0.00% (0.90%) 2.00%
Other (as a percent)   0.80% 0.20% (0.10%)
Effective income tax rate (as a percent)   33.90% 32.70% 32.90%
Accounting Standards Update 2014-01        
Components of income tax expense (benefit)        
Total income tax expense $ 45