Income Taxes

6 Months Ended

Jun. 30, 2022

Income Taxes

Income Taxes

8. 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 six months ended
	June 30,				June 30,
	2022		2021		2022		2021
U.S. corporate income tax rate	21	%	21	%	21	%	21	%
Dividends received deduction	(1)		(4)		(1)		(4)
Tax credits	—		(3)		(1)		(2)
Interest exclusion from taxable income	—		(1)		—		(1)
Local country permanent tax adjustments	—		(1)		—		—
State income taxes	—		1		—		1
Other	1		1		1		—
Effective income tax rate	21	%	14	%	20	%	15	%