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Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 31, 2015
Accumulated Other Comprehensive Income [Abstract]  
Comprehensive Income (Loss) Note
Accumulated Other Comprehensive Income
Accumulated other comprehensive income (AOCI) includes changes in unrealized gains and losses on investments, changes in pension obligations and changes in life deferred acquisition costs, life policy reserves and other as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 

(Dollars in millions)
Three months ended March 31,
 
2015
 
 
2014
 
Before tax
 
Income tax
 
Net
 
 
Before tax
 
Income tax
 
Net
Investments:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
2,719

 
$
942

 
$
1,777

 
 
$
2,335

 
$
808

 
$
1,527

OCI excluding realized gains recognized in net income
3

 
1

 
2

 
 
135

 
48

 
87

Realized gains recognized in net income
(46
)
 
(16
)
 
(30
)
 
 
(18
)
 
(7
)
 
(11
)
OCI
(43
)
 
(15
)
 
(28
)
 
 
117

 
41

 
76

AOCI, end of period
$
2,676

 
$
927

 
$
1,749

 
 
$
2,452

 
$
849

 
$
1,603

 
 
 
 
 
 
 
 
 
 
 
 
 
Pension obligations:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
(36
)
 
$
(12
)
 
$
(24
)
 
 
$
(18
)
 
$
(6
)
 
$
(12
)
OCI excluding amortization recognized in net income
—

 
—

 
—

 
 
(2
)
 
—

 
(2
)
Amortization recognized in net income
1

 
—

 
1

 
 
1

 
—

 
1

OCI
1

 
—

 
1

 
 
(1
)
 
—

 
(1
)
AOCI, end of period
$
(35
)
 
$
(12
)
 
$
(23
)
 
 
$
(19
)
 
$
(6
)
 
$
(13
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Life deferred acquisition costs, life policy reserves and other:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
(12
)
 
$
(3
)
 
$
(9
)
 
 
$
(16
)
 
$
(5
)
 
$
(11
)
OCI excluding realized gains recognized in net income
(1
)
 
(1
)
 
—

 
 
3

 
1

 
2

Realized gains recognized in net income
(1
)
 
—

 
(1
)
 
 
(4
)
 
(1
)
 
(3
)
OCI
(2
)
 
(1
)
 
(1
)
 
 
(1
)
 
—

 
(1
)
AOCI, end of period
$
(14
)
 
$
(4
)
 
$
(10
)
 
 
$
(17
)
 
$
(5
)
 
$
(12
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Summary of AOCI:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
2,671

 
$
927

 
$
1,744

 
 
$
2,301

 
$
797

 
$
1,504

Investments OCI
(43
)
 
(15
)
 
(28
)
 
 
117

 
41

 
76

Pension obligations OCI
1

 
—

 
1

 
 
(1
)
 
—

 
(1
)
Life deferred acquisition costs, life policy reserves and other OCI
(2
)
 
(1
)
 
(1
)
 
 
(1
)
 
—

 
(1
)
Total OCI
(44
)
 
(16
)
 
(28
)
 
 
115

 
41

 
74

AOCI, end of period
$
2,627

 
$
911

 
$
1,716

 
 
$
2,416

 
$
838

 
$
1,578

 
 
 
 
 
 
 
 
 
 
 
 
 

Investments realized gains and life deferred acquisition costs, life policy reserves and other realized gains are recorded in the realized investment gains, net, line item in the condensed consolidated statements of income. Amortization on pension obligations is recorded in the insurance losses and policyholder benefits and underwriting, acquisition and insurance expenses in the condensed consolidated statements of income.