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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 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:
 
December 31,
 
2018
 
2017
 
2016
Fixed maturities, net of OTTI
$
1,074

 
$
5,351

 
$
3,413

Equity securities
—

 
35

 
33

Derivatives
170

 
127

 
258

DAC/VOBA adjustment on available-for-sale securities
(380
)
 
(1,471
)
 
(1,083
)
Premium deficiency reserve
(57
)
 
(190
)
 
(54
)
Sales inducements and other intangibles adjustment on available-for-sale securities
(64
)
 
(278
)
 
(169
)
Other
—

 
(18
)
 
(31
)
Unrealized capital gains (losses), before tax
743

 
3,556

 
2,367

Deferred income tax asset (liability)
(143
)
 
(840
)
 
(472
)
Net unrealized capital gains (losses)
600

 
2,716

 
1,895

Pension and other postretirement benefits liability, net of tax
7

 
15

 
26

AOCI
$
607

 
$
2,731

 
$
1,921



Changes in AOCI, including the reclassification adjustments recognized in the Consolidated Statements of Operations were as follows for the periods indicated:
 
December 31, 2018
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
(4,379
)
 
$
1,079

 
$
(3,300
)
Equity securities
—

(1) 
—

 
—

Other
18

 
(8
)
 
10

OTTI
32

 
(9
)
 
23

Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations
70

 
(18
)
 
52

DAC/VOBA
1,091

(2) 
(255
)
 
836

Premium deficiency reserve
133

 
(28
)
 
105

Sales inducements and other intangibles
214

 
(59
)
 
155

Change in unrealized gains/losses on available-for-sale securities
(2,821
)
 
702

 
(2,119
)
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
69

(3) 
(19
)
 
50

Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations
(26
)
 
7

 
(19
)
Change in unrealized gains/losses on derivatives
43

 
(12
)
 
31

 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations
(11
)
(4) 
3

 
(8
)
Change in pension and other postretirement benefits liability
(11
)
 
3

 
(8
)
Change in Accumulated other comprehensive income (loss)
$
(2,789
)
 
$
693

 
$
(2,096
)

(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 Consolidated Financial Statements for additional information.
(3) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information.
(4) See the Employee Benefit Arrangements Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs.



 
December 31, 2017
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
1,943

 
$
(647
)
 
$
1,296

Equity securities
2

 
(1
)
 
1

Other
13

 
(5
)
 
8

OTTI
(2
)
 
1

 
(1
)
Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations
(3
)
 
1

 
(2
)
DAC/VOBA
(388
)
(1) 
150

 
(238
)
Premium deficiency reserve
(136
)
 
48

 
(88
)
Sales inducements
(109
)
 
39

 
(70
)
Change in unrealized gains/losses on available-for-sale securities
1,320

 
(414
)
 
906

 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
(106
)
(2) 
37

 
(69
)
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations
(25
)
 
9

 
(16
)
Change in unrealized gains/losses on derivatives
(131
)
 
46

 
(85
)
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations
(15
)
(3) 
4

 
(11
)
Change in pension and other postretirement benefits liability
(15
)
 
4

 
(11
)
Change in Accumulated other comprehensive income (loss)
$
1,174

 
$
(364
)
 
$
810

(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information.
(3) See the Employee Benefit Arrangements Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs.




 
December 31, 2016
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
Available-for-sale securities:
 
 
 
 
 
Fixed maturities
$
1,168

 
$
(408
)
 
$
760

Equity securities
2

 
(1
)
 
1

Other
—

 
—

 
—

OTTI
24

 
(8
)
 
16

Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations
98

 
(34
)
 
64

DAC/VOBA
(318
)
(1) 
111

 
(207
)
Premium deficiency reserve
(54
)
 
20

 
(34
)
Sales inducements
(146
)
 
50

 
(96
)
Change in unrealized gains/losses on available-for-sale securities
774

 
(270
)
 
504

 
 
 
 
 
 
Derivatives:
 
 
 
 
 
Derivatives
19

(2) 
(7
)
 
12

Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations
(20
)
 
7

 
(13
)
Change in unrealized gains/losses on derivatives
(1
)
 
—

 
(1
)
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations
(10
)
(3) 
3

 
(7
)
Change in pension and other postretirement benefits liability
(10
)
 
3

 
(7
)
Change in Accumulated other comprehensive income (loss)
$
763

 
$
(267
)
 
$
496

(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information.
(3) See the Employee Benefit Arrangements Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs.