Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2024

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Other Comprehensive Income (Loss)

Note 17 Other Comprehensive Income (Loss)

Components of other comprehensive income (loss) on a pre-tax and after-tax basis
($ in millions)	Three months ended June 30,
	2024						2023
	Pre-tax		Tax		After-tax		Pre-tax		Tax		After-tax
Unrealized net holding gains and losses arising during the period, net of related offsets	$	(260)	$	56	$	(204)	$	(472)	$	96	$	(376)
Less: reclassification adjustment of realized capital gains and losses	(108)		23		(85)		(131)		27		(104)
Unrealized net capital gains and losses	(152)		33		(119)		(341)		69		(272)
Unrealized foreign currency translation adjustments	(29)		6		(23)		36		(8)		28
Unamortized pension and other postretirement prior service credit (1)	(1)		1		—		(6)		1		(5)
Discount rate for reserve for future policy benefits	(1)		—		(1)		10		(2)		8
Other comprehensive (loss) income	$	(183)	$	40	$	(143)	$	(301)	$	60	$	(241)
	Six months ended June 30,
	2024						2023
	Pre-tax		Tax		After-tax		Pre-tax		Tax		After-tax
Unrealized net holding gains and losses arising during the period, net of related offsets	$	(635)	$	136	$	(499)	$	257	$	(60)	$	197
Less: reclassification adjustment of realized capital gains and losses	(209)		44		(165)		(269)		56		(213)
Unrealized net capital gains and losses	(426)		92		(334)		526		(116)		410
Unrealized foreign currency translation adjustments	(19)		4		(15)		99		(21)		78
Unamortized pension and other postretirement prior service credit (1)	(2)		1		(1)		(12)		3		(9)
Discount rate for reserve for future policy benefits	31		(7)		24		(1)		—		(1)
Other comprehensive (loss) income	$	(416)	$	90	$	(326)	$	612	$	(134)	$	478

(1)    Represents prior service credits reclassified out of other comprehensive income and amortized into operating costs and expenses.