Accumulated Other Comprehensive Income

9 Months Ended

Sep. 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 September 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	$	2,687		$	931		$	1,756		$	1,987		$	686		$	1,301
Other comprehensive income before reclassification	(55		)	(20		)	(35		)	82			29			53
Reclassification adjustment for realized investment gains, net,  included in net income	(65		)	(22		)	(43		)	(20		)	(7		)	(13		)
Effect on other comprehensive income	(120		)	(42		)	(78		)	62			22			40
Accumulated unrealized gains, net, on investments available for sale,    end of period	$	2,567		$	889		$	1,678		$	2,049		$	708		$	1,341
Accumulated unrealized losses, net, for pension obligations,    beginning of period	$	(19	)	$	(6	)	$	(13	)	$	(96	)	$	(33	)	$	(63	)
Other comprehensive income before reclassification	—			—			—			—			—			—
Reclassification adjustment for amortization of actuarial loss and prior   service cost, net, included in net income	1			—			1			2			1			1
Effect on other comprehensive income	1			—			1			2			1			1
Accumulated unrealized losses, net, for pension obligations,   end of period	$	(18	)	$	(6	)	$	(12	)	$	(94	)	$	(32	)	$	(62	)
Accumulated unrealized losses, net, on life deferred acquisition costs,    life policy reserves and other, beginning of period	$	(16	)	$	(5	)	$	(11	)	$	(26	)	$	(9	)	$	(17	)
Other comprehensive income before reclassification	5			2			3			9			2			7
Reclassification adjustment for life deferred acquisition costs,    life policy reserves and other, net, included in net income	—			—			—			(2		)	—			(2		)
Effect on other comprehensive income	5			2			3			7			2			5
Accumulated unrealized losses, net, on life deferred acquisition costs,    life policy reserves and other, end of period	$	(11	)	$	(3	)	$	(8	)	$	(19	)	$	(7	)	$	(12	)
Accumulated other comprehensive income, beginning of period	$	2,652		$	920		$	1,732		$	1,865		$	644		$	1,221
Change in unrealized gains, net, on investments available for sale	(120		)	(42		)	(78		)	62			22			40
Change in pension obligations	1			—			1			2			1			1
Change in life deferred acquisition costs, life policy reserves   and other	5			2			3			7			2			5
Effect on other comprehensive income	(114		)	(40		)	(74		)	71			25			46
Accumulated other comprehensive income, end of period	$	2,538		$	880		$	1,658		$	1,936		$	669		$	1,267

(In millions)	Nine months ended September 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	332			115			217			246			85			161
Reclassification adjustment for realized investment gains, net,   included in net income	(100		)	(34		)	(66		)	(72		)	(24		)	(48		)
Effect on other comprehensive income	232			81			151			174			61			113
Accumulated unrealized gains, net, on investments available for sale,    end of period	$	2,567		$	889		$	1,678		$	2,049		$	708		$	1,341
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	—			—			—			7			3			4
Effect on other comprehensive income	—			—			—			7			3			4
Accumulated unrealized losses, net, for pension obligations,   end of period	$	(18	)	$	(6	)	$	(12	)	$	(94	)	$	(32	)	$	(62	)
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	6			3			3			36			12			24
Reclassification adjustment for life deferred acquisition costs,    life policy reserves and other, net, included in net income	(1		)	(1		)	—			(5		)	(2		)	(3		)
Effect on other comprehensive income	5			2			3			31			10			21
Accumulated unrealized losses, net, on life deferred acquisition costs,    life policy reserves and other, end of period	$	(11	)	$	(3	)	$	(8	)	$	(19	)	$	(7	)	$	(12	)
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	232			81			151			174			61			113
Change in pension obligations	—			—			—			7			3			4
Change in life deferred acquisition costs, life policy reserves   and other	5			2			3			31			10			21
Effect on other comprehensive income	237			83			154			212			74			138
Accumulated other comprehensive income, end of period	$	2,538		$	880		$	1,658		$	1,936		$	669		$	1,267

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 line item for total realized investment gains, net, on the condensed consolidated statements of income.