Shareholders' Equity And Dividend Restrictions (Tables)

12 Months Ended

Dec. 31, 2019

Shareholders Equity And Dividend Restrictions [Abstract]

Change In AOCI Includes Changes In Unrealized Gains And Losses On Investments And Pension Obligations

The changes from the beginning of year to the end of year are the result of changes to other comprehensive income or loss (OCI).

(Dollars in millions)	2019									2018									2017
	Before tax			Income tax			Net			Before tax			Income tax			Net			Before tax			Income tax			Net
Investments:
AOCI, January 1	$	46		$	9		$	37		$	3,540		$	733		$	2,807		$	2,625		$	908		$	1,717
Cumulative effect of change in accounting for equity securities as of January 1, 2018	—			—			—			(3,155		)	(652		)	(2,503		)	—			—			—
Adjusted AOCI, beginning of period	46			9			37			385			81			304			2,625			908			1,717
OCI before investment gains and losses, net, recognized in net income	545			115			430			(334		)	(71		)	(263		)	1,054			366			688
Investment gains and losses, net, recognized in net income	(1		)	(1		)	—			(5		)	(1		)	(4		)	(139		)	(49		)	(90		)
OCI	544			114			430			(339		)	(72		)	(267		)	915			317			598
Adjustment to reclassify certain tax effects from AOCI	—			—			—			—			—			—			—			(492		)	492
AOCI, December 31	$	590		$	123		$	467		$	46		$	9		$	37		$	3,540		$	733		$	2,807
Pension obligations:
AOCI, January 1	$	(16	)	$	(2	)	$	(14	)	$	(12	)	$	(1	)	$	(11	)	$	(26	)	$	(8	)	$	(18	)
OCI excluding amortization recognized in net income	6			2			4			(5		)	(1		)	(4		)	12			6			6
Amortization recognized in net income	1			—			1			1			—			1			2			1			1
OCI	7			2			5			(4		)	(1		)	(3		)	14			7			7
AOCI, December 31	$	(9	)	$	—		$	(9	)	$	(16	)	$	(2	)	$	(14	)	$	(12	)	$	(1	)	$	(11	)
Life deferred acquisition costs, life policy reserves and other:
AOCI, January 1	$	(1	)	$	—		$	(1	)	$	(10	)	$	(2	)	$	(8	)	$	(9	)	$	(3	)	$	(6	)
OCI before investment gains and losses, net, recognized in net income	(15		)	(3		)	(12		)	(3		)	(1		)	(2		)	8			5			3
Investment gains and losses, net, recognized in net income	3			—			3			12			3			9			(9		)	(4		)	(5		)
OCI	(12		)	(3		)	(9		)	9			2			7			(1		)	1			(2		)
AOCI, December 31	$	(13	)	$	(3	)	$	(10	)	$	(1	)	$	—		$	(1	)	$	(10	)	$	(2	)	$	(8	)
Summary of AOCI:
AOCI, January 1	$	29		$	7		$	22		$	3,518		$	730		$	2,788		$	2,590		$	897		$	1,693
Cumulative effect of change in accounting for equity securities as of January 1, 2018	—			—			—			(3,155		)	(652		)	(2,503		)	—			—			—
Adjusted AOCI, beginning of period	29			7			22			363			78			285			2,590			897			1,693
Investments OCI	544			114			430			(339		)	(72		)	(267		)	915			317			598
Pension obligations OCI	7			2			5			(4		)	(1		)	(3		)	14			7			7
Life deferred acquisition costs, life policy reserves and other OCI	(12		)	(3		)	(9		)	9			2			7			(1		)	1			(2		)
Total OCI	539			113			426			(334		)	(71		)	(263		)	928			325			603
Adjustment to reclassify certain tax effects from AOCI	—			—			—			—			—			—			—			(492		)	492
AOCI, December 31	$	568		$	120		$	448		$	29		$	7		$	22		$	3,518		$	730		$	2,788