Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2025


Note 15			Other Comprehensive Income (Loss)


Components of other comprehensive income (loss) on a pre-tax and after-tax basis
($ in millions)	Three months ended September 30,
	2025						2024
	Pre-tax		Tax		After-tax		Pre-tax		Tax		After-tax
Unrealized net holding gains and losses arising during the period, net of related offsets	$	482	$	(105)	$	377	$	1,753	$	(388)	$	1,365
Less: reclassification adjustment of realized capital gains and losses	79		(17)		62		83		(17)		66
Unrealized net capital gains and losses	403		(88)		315		1,670		(371)		1,299
Unrealized foreign currency translation adjustments	51		(11)		40		18		(4)		14
Unamortized pension and other postretirement prior service credit (1)	(1)		—		(1)		—		—		—
Discount rate for reserve for future policy benefits	1		—		1		(46)		10		(36)
Other comprehensive income (loss)	$	454	$	(99)	$	355	$	1,642	$	(365)	$	1,277

	Nine months ended September 30,
	2025						2024
	Pre-tax		Tax		After-tax		Pre-tax		Tax		After-tax
Unrealized net holding gains and losses arising during the period, net of related offsets	$	1,049	$	(230)	$	819	$	1,118	$	(253)	$	865
Less: reclassification adjustment of realized capital gains and losses	(383)		80		(303)		(126)		26		(100)
Unrealized net capital gains and losses	1,432		(310)		1,122		1,244		(279)		965
Unrealized foreign currency translation adjustments	100		(21)		79		(1)		—		(1)
Unamortized pension and other postretirement prior service credit (1)	(1)		—		(1)		(2)		1		(1)
Discount rate for reserve for future policy benefits	(17)		4		(13)		(15)		3		(12)
Other comprehensive income (loss)	$	1,514	$	(327)	$	1,187	$	1,226	$	(275)	$	951

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