Federal Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Federal Income Taxes [Abstract]

Federal Income Tax Expense

	For the Years Ended December 31,
	2018		2017			2016
Current	$	91	$	210		$	88
Deferred		153		(1,159	)		178
Federal income tax expense (benefit)	$	244	$	(949	)	$	266

Reconciliation of effective tax rate differences

	For the Years Ended December 31,
	2018			2017			2016
Tax rate times pre-tax income (loss)	$	396		$	396		$	510
Effect of:
Tax-preferred investment income		(87	)		(280	)		(196	)
Tax credits		(39	)		(29	)		(28	)
Change in uncertain tax positions		1			(17	)		(14	)
Excess tax benefits from share-based compensation		(5	)		(12	)		(8	)
Goodwill impairment		-			316			-
Deferred tax impact from the Tax Cuts and Jobs Act		(19	)		(1,322	)		-
Other items		(3	)		(1	)		2
Federal income tax expense (benefit)	$	244		$	(949	)	$	266
Effective tax rate		13%			-84%			18%

Federal Income Tax Asset Liability

	As of December 31,
	2018			2017
Current	$	(24	)	$	(35	)
Deferred		(1,158	)		(2,095	)
Total federal income tax asset (liability)	$	(1,182	)	$	(2,130	)

Significant components of deferred tax assets and liabilities

	As of December 31,
	2018			2017
Deferred Tax Assets
Future contract benefits and other contract holder funds	$	649		$	795
Reinsurance related embedded derivative asset		1			12
Compensation and benefit plans		179			182
Intangibles		40			-
Tax credits		-			76
Net operating losses		264			-
Other		56			7
Total deferred tax assets	$	1,189		$	1,072
Deferred Tax Liabilities
DAC	$	1,339		$	1,080
VOBA		305			108
Net unrealized gain on AFS securities		338			1,643
Net unrealized gain on trading securities		27			41
Intangibles		-			9
Investment activity		332			96
Other		6			190
Total deferred tax liabilities	$	2,347		$	3,167
Net deferred tax asset (liability)	$	(1,158	)	$	(2,095	)

Reconciliation Of Unrecognized Tax Benefits

	For the Years Ended
	December 31,
	2018		2017
Balance as of beginning-of-year	$	11	$	1
Increases for prior year tax positions		-		9
Increases for current year tax positions		5		1
Balance as of end-of-year	$	16	$	11