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Income Taxes (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Income Taxes    
Reconciliation Between U.S. Corporate Income Tax Rate and Effective Income Tax Rate from Continuing Operations

For the six months ended June 30, 

    

2024

    

2023

    

U.S. corporate income tax rate

 

21

%  

21

%  

Dividends received deduction

(4)

(64)

Tax credits

(3)

(50)

Interest exclusion from taxable income

(1)

(19)

Employee compensation

(5)

Other postretirement employee benefits redesignation

(4)

Low income housing tax credit amortization

2

33

State income taxes

1

9

Nondeductible expenses

2

Effective income tax rate

16

%  

(77)

%  

For the year ended December 31, 

 

    

2023

    

2022

    

2021

 

U.S. corporate income tax rate

 

21

%  

21

%  

21

%

Dividends received deduction

(47)

(1)

(5)

Tax credits

(40)

(1)

(3)

Interest exclusion from taxable income

(15)

(1)

Impact of equity method presentation

(3)

Employee compensation

(2)

Other postretirement employee benefits redesignation

(2)

Low income housing tax credit amortization

24

State income taxes

4

Nondeductible expenses

2

Other

(1)

1

Effective income tax rate

(59)

%  

19

%  

13

%