Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2014

Accumulated Other Comprehensive Income [Abstract]

Comprehensive Income (Loss) Note

ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive income includes changes in unrealized gains and losses on investments available for sale and other invested assets, changes in pension obligations and changes in life deferred acquisition costs, life policy reserves and other as follows:    

(In millions)	Three months ended June 30,
	2014									2013
	Before tax			Income tax			Net			Before tax			Income tax			Net
Accumulated unrealized gains, net, on investments available for sale,    beginning of period	$	2,452		$	849		$	1,603		$	2,231		$	771		$	1,460
Other comprehensive income before reclassification	252			87			165			(230		)	(81		)	(149		)
Reclassification adjustment for realized investment gains, net,  included in net income	(17		)	(5		)	(12		)	(14		)	(4		)	(10		)
Effect on other comprehensive income	235			82			153			(244		)	(85		)	(159		)
Accumulated unrealized gains, net, on investments available for sale,    end of period	$	2,687		$	931		$	1,756		$	1,987		$	686		$	1,301
Accumulated unrealized losses, net, for pension obligations,    beginning of period	$	(19	)	$	(6	)	$	(13	)	$	(99	)	$	(34	)	$	(65	)
Other comprehensive income before reclassification	—			—			—						—			—
Reclassification adjustment for amortization of actuarial loss and prior   service cost, net, included in net income	—			—			—			3			1			2
Effect on other comprehensive income	—			—			—			3			1			2
Accumulated unrealized losses, net, for pension obligations,   end of period	$	(19	)	$	(6	)	$	(13	)	$	(96	)	$	(33	)	$	(63	)
Accumulated unrealized losses, net, on life deferred acquisition costs,    life policy reserves and other, beginning of period	$	(17	)	$	(5	)	$	(12	)	$	(50	)	$	(17	)	$	(33	)
Other comprehensive income before reclassification	(2		)	—			(2		)	27			10			17
Reclassification adjustment for life deferred acquisition costs,    life policy reserves and other, net, included in net income	3			—			3			(3		)	(2		)	(1		)
Effect on other comprehensive income	1			—			1			24			8			16
Accumulated unrealized losses, net, on life deferred acquisition costs,    life policy reserves and other, end of period	$	(16	)	$	(5	)	$	(11	)	$	(26	)	$	(9	)	$	(17	)
Accumulated other comprehensive income, beginning of period	$	2,416		$	838		$	1,578		$	2,082		$	720		$	1,362
Change in unrealized gains, net, on investments available for sale	235			82			153			(244		)	(85		)	(159		)
Change in pension obligations	—			—			—			3			1			2
Change in life deferred acquisition costs, life policy reserves   and other	1			—			1			24			8			16
Effect on other comprehensive income	236			82			154			(217		)	(76		)	(141		)
Accumulated other comprehensive income, end of period	$	2,652		$	920		$	1,732		$	1,865		$	644		$	1,221

(In millions)	Six months ended June 30,
	2014									2013
	Before tax			Income tax			Net			Before tax			Income tax			Net
Accumulated unrealized gains, net, on investments available for sale,    beginning of period	$	2,335		$	808		$	1,527		$	1,875		$	647		$	1,228
Other comprehensive income before reclassification	387			135			252			164			56			108
Reclassification adjustment for realized investment gains, net,   included in net income	(35		)	(12		)	(23		)	(52		)	(17		)	(35		)
Effect on other comprehensive income	352			123			229			112			39			73
Accumulated unrealized gains, net, on investments available for sale,    end of period	$	2,687		$	931		$	1,756		$	1,987		$	686		$	1,301
Accumulated unrealized losses, net, for pension obligations,    beginning of period	$	(18	)	$	(6	)	$	(12	)	$	(101	)	$	(35	)	$	(66	)
Other comprehensive income before reclassification	—			—			—			—			—			—
Reclassification adjustment for amortization of actuarial loss and prior     service cost, net, included in net income	(1		)	—			(1		)	5			2			3
Effect on other comprehensive income	(1		)	—			(1		)	5			2			3
Accumulated unrealized losses, net, for pension obligations,   end of period	$	(19	)	$	(6	)	$	(13	)	$	(96	)	$	(33	)	$	(63	)
Accumulated unrealized losses, net, on life deferred acquisition costs,    life policy reserves and other, beginning of period	$	(16	)	$	(5	)	$	(11	)	$	(50	)	$	(17	)	$	(33	)
Other comprehensive income before reclassification	1			1			—			27			10			17
Reclassification adjustment for life deferred acquisition costs,    life policy reserves and other, net, included in net income	(1		)	(1		)	—			(3		)	(2		)	(1		)
Effect on other comprehensive income	—			—			—			24			8			16
Accumulated unrealized losses, net, on life deferred acquisition costs,    life policy reserves and other, end of period	$	(16	)	$	(5	)	$	(11	)	$	(26	)	$	(9	)	$	(17	)
Accumulated other comprehensive income, beginning of period	$	2,301		$	797		$	1,504		$	1,724		$	595		$	1,129
Change in unrealized gains, net, on investments available for sale	352			123			229			112			39			73
Change in pension obligations	(1		)	—			(1		)	5			2			3
Change in life deferred acquisition costs, life policy reserves   and other	—			—			—			24			8			16
Effect on other comprehensive income	351			123			228			141			49			92
Accumulated other comprehensive income, end of period	$	2,652		$	920		$	1,732		$	1,865		$	644		$	1,221

The reclassification adjustment for realized gains on investments available for sale and life deferred acquisition costs, life policy reserves and other is recorded in the total realized investment gains, net, line item of the condensed consolidated statements of income.