Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2020

Stockholders' Equity Note [Abstract]

Schedule of components of OCI [Table Text Block]

The following tables provide the amounts related to each component of OCI:


	Three Months Ended June 30,
			2020															2019
			Pretax			Income Tax Benefit (Expense)			Net of Tax			Pretax			Income Tax Benefit (Expense)				Net of Tax
			(in millions)
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period ⁽¹⁾	$	1,532		$	(329)		$	1,203		$	512		$	(60)		$	452
Reclassification of net (gains) losses on securities included in net income ⁽²⁾	(4)			1			(3)			—			—			—
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables	(637)			134			(503)			(259)			55			(204)
Net unrealized gains (losses) on securities	891			(194)			697			253			(5)			248








Foreign currency translation	(8)			—			(8)			(15)			1			(14)

Total other comprehensive income (loss)	$	883		$	(194)		$	689		$	238		$	(4)		$	234


	Six Months Ended June 30,
			2020															2019
			Pretax			Income Tax Benefit (Expense)			Net of Tax			Pretax			Income Tax Benefit (Expense)				Net of Tax
			(in millions)
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period ⁽¹⁾	$	337		$	(65)		$	272		$	1,169		$	(201)		$	968
Reclassification of net (gains) losses on securities included in net income ⁽²⁾	4			(1)			3			(5)			1			(4)
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables	(129)			27			(102)			(499)			105			(394)
Net unrealized gains (losses) on securities	212			(39)			173			665			(95)			570
Net unrealized gains (losses) on derivatives:
Reclassification of net (gains) losses on derivatives included in net income ⁽³⁾	—			—			—			(1)			—			(1)
Net unrealized gains (losses) on derivatives	—			—			—			(1)			—			(1)




Foreign currency translation	(42)			1			(41)			(9)			—			(9)

Total other comprehensive income (loss)	$	170		$	(38)		$	132		$	655		$	(95)		$	560

⁽¹⁾ Includes impairments on Available-for-Sale securities related to factors other than credit that were recognized in OCI during the period.

⁽²⁾ Reclassification amounts are recorded in net investment income.

⁽³⁾ Includes nil and $1 million pretax gain reclassified to interest and debt expense for the six months ended June 30, 2020 and 2019, respectively.

Schedule of amounts reclassified from AOCI [Table Text Block]

The following tables present the changes in the balances of each component of AOCI, net of tax:


	Net Unrealized Gains (Losses) on Securities			Net Unrealized Gains (Losses) on Derivatives		Defined Benefit Plans		Foreign Currency Translation		Other		Total
			(in millions)
Balance, April 1, 2020	$	52		$	6	$	(138)	$	(214)	$	(1)	$	(295)

OCI before reclassifications	700			—		—		(8)		—		692
Amounts reclassified from AOCI	(3)			—		—		—		—		(3)
Total OCI	697			—		—		(8)		—		689
Balance, June 30, 2020	$	749	(1)	$	6	$	(138)	$	(222)	$	(1)	$	394

Balance, January 1, 2020	$	576		$	6	$	(138)	$	(181)	$	(1)	$	262

OCI before reclassifications	170			—		—		(41)		—		129
Amounts reclassified from AOCI	3			—		—		—		—		3
Total OCI	173			—		—		(41)		—		132
Balance, June 30, 2020	$	749	(1)	$	6	$	(138)	$	(222)	$	(1)	$	394


	Net Unrealized Gains (Losses) on Securities			Net Unrealized Gains (Losses) on Derivatives		Defined Benefit Plans		Foreign Currency Translation		Other		Total
			(in millions)
Balance, April 1, 2019	$	342		$	7	$	(120)	$	(193)	$	(1)	$	35

OCI before reclassifications	248			—		—		(14)		—		234
Amounts reclassified from AOCI	—			—		—		—		—		—
Total OCI	248			—		—		(14)		—		234
Balance, June 30, 2019	$	590	(1)	$	7	$	(120)	$	(207)	$	(1)	$	269

Balance, January 1, 2019	$	20		$	8	$	(120)	$	(198)	$	(1)	$	(291)

OCI before reclassifications	574			—		—		(9)		—		565
Amounts reclassified from AOCI	(4)			(1)		—		—		—		(5)
Total OCI	570			(1)		—		(9)		—		560
Balance, June 30, 2019	$	590	(1)	$	7	$	(120)	$	(207)	$	(1)	$	269

⁽¹⁾ Includes nil and $(1) million of noncredit related impairments on securities and net unrealized gains (losses) on previously impaired securities as of June 30, 2020 and June 30, 2019, respectively.