Income Taxes

9 Months Ended

Sep. 30, 2021

Income Taxes

Income Taxes

6. Income Taxes

Effective Income Tax Rate

Our provision for income taxes may not have the customary relationship of taxes to income. A reconciliation between the U.S. corporate income tax rate and the effective income tax rate was as follows:

	For the three months ended				For the nine months ended
	September 30,				September 30,
	2021		2020		2021		2020
U.S. corporate income tax rate	21	%	21	%	21	%	21	%
Dividends received deduction	(4)		(7)		(4)		(5)
Tax credits	(3)		(5)		(2)		(3)
Interest exclusion from taxable income	(1)		(1)		(1)		(1)
Foreign country statutory rate differential	(1)		1		—		—
Impact of equity method presentation	—		(2)		(1)		(1)
State income taxes	1		2		1		1
Low income housing tax credit amortization	1		1		1		1
Other	1		4		—		2
Effective income tax rate	15	%	14	%	15	%	15	%