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Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)

Shareholders' equity included the following components of Accumulated Other Comprehensive Income ("AOCI") as of the dates indicated:
 
June 30,
 
2018
 
2017
Fixed maturities, net of OTTI
$
1,805

 
$
4,876

Equity securities
—

 
36

Derivatives
143

 
195

DAC/VOBA adjustment on available-for-sale securities
(570
)
 
(1,389
)
Premium deficiency reserve
(128
)
 
—

Sales inducements and other intangibles adjustment on available-for-sale securities
(88
)
 
(260
)
Other
—

 
(31
)
Unrealized capital gains (losses), before tax
1,162

 
3,427

Deferred income tax asset (liability)
(229
)
 
(842
)
Net unrealized capital gains (losses)
933

 
2,585

Pension and other postretirement benefits liability, net of tax
10

 
21

AOCI
$
943

 
$
2,606


Changes in AOCI, including the reclassification adjustments recognized in the Condensed Consolidated Statements of Operations were as follows for the periods indicated:
 
Three Months Ended June 30, 2018
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
(1,412
)
 
$
458

 
$
(954
)
Equity securities
—

(1) 
—

 
—

Other
32

 
(11
)
 
21

OTTI
10

 
(5
)
 
5

Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
7

 
(2
)
 
5

DAC/VOBA
348

 
(99
)
 
249

Premium deficiency reserve
21

 
(4
)
 
17

Sales inducements
75

 
(30
)
 
45

Change in unrealized gains/losses on available-for-sale securities
(919
)
 
307

 
(612
)
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
69

(2) 
(17
)
 
52

Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(7
)
 
2

 
(5
)
Change in unrealized gains/losses on derivatives
62

 
(15
)
 
47

 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(3
)
 
—

 
(3
)
Change in pension and other postretirement benefits liability
(3
)
 
—

 
(3
)
Change in Accumulated other comprehensive income (loss)
$
(860
)
 
$
292

 
$
(568
)
(1) Balance reclassified to Retained earnings due to adoption of ASU 2016-01.
(2) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.



 
Six Months Ended June 30, 2018
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
(3,624
)
 
$
920

 
$
(2,704
)
Equity securities
—

(1) 
—

 
—

Other
18

 
(8
)
 
10

OTTI
30

 
(9
)
 
21

Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
47

 
(10
)
 
37

DAC/VOBA
901

(2) 
(215
)
 
686

Premium deficiency reserve
62

 
(13
)
 
49

Sales inducements
190

 
(54
)
 
136

Change in unrealized gains/losses on available-for-sale securities
(2,376
)
 
611

 
(1,765
)
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
29

(3) 
(9
)
 
20

Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(13
)
 
3

 
(10
)
Change in unrealized gains/losses on derivatives
16

 
(6
)
 
10

 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(6
)
 
1

 
(5
)
Change in pension and other postretirement benefits liability
(6
)
 
1

 
(5
)
Change in Accumulated other comprehensive income (loss)
$
(2,366
)
 
$
606

 
$
(1,760
)
(1) Balance reclassified to Retained earnings due to adoption of ASU 2016-01.
(2) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information.
(3) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.

 
Three Months Ended June 30, 2017
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
1,102

 
$
(385
)
 
$
717

Equity securities
1

 
—

 
1

Other
—

 
—

 
—

OTTI
1

 
—

 
1

Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
(25
)
 
9

 
(16
)
DAC/VOBA
(213
)
 
73

 
(140
)
Premium deficiency reserve
—

 
—

 
—

Sales inducements
(81
)
 
29

 
(52
)
Change in unrealized gains/losses on available-for-sale securities
785

 
(274
)
 
511

 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
(16
)
(1) 
6

 
(10
)
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(6
)
 
2

 
(4
)
Change in unrealized gains/losses on derivatives
(22
)
 
8

 
(14
)
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(4
)
 
1

 
(3
)
Change in pension and other postretirement benefits liability
(4
)
 
1

 
(3
)
Change in Accumulated other comprehensive income (loss)
$
759

 
$
(265
)
 
$
494


(1) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.

 
Six Months Ended June 30, 2017
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
1,430

 
$
(499
)
 
$
931

Equity securities
3

 
(1
)
 
2

Other
—

 
—

 
—

OTTI
12

 
(4
)
 
8

Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
20

 
(7
)
 
13

DAC/VOBA
(306
)
(1) 
107

 
(199
)
Premium deficiency reserve
54

 
(19
)
 
35

Sales inducements
(91
)
 
32

 
(59
)
Change in unrealized gains/losses on available-for-sale securities
1,122

 
(391
)
 
731

 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
(51
)
(2) 
18

 
(33
)
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(12
)
 
4

 
(8
)
Change in unrealized gains/losses on derivatives
(63
)
 
22

 
(41
)
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(7
)
 
2

 
(5
)
Change in pension and other postretirement benefits liability
(7
)
 
2

 
(5
)
Change in Accumulated other comprehensive income (loss)
$
1,052

 
$
(367
)
 
$
685


(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.