Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2021

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


	Three Months Ended March 31,
	2021						2020
	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)	$	(690)	$	152	$	(538)	$	(1,195)	$	264	$	(931)
Reclassification of net (gains) losses on securities included in net income (2)	(50)		11		(39)		8		(2)		6
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables	300		(63)		237		508		(107)		401
Net unrealized gains (losses) on securities	(440)		100		(340)		(679)		155		(524)





Defined benefit plans	37		(8)		29		—		—		—
Foreign currency translation	(1)		—		(1)		(34)		1		(33)
Total other comprehensive income (loss)	$	(404)	$	92	$	(312)	$	(713)	$	156	$	(557)

(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.

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, January 1, 2021	$	983	$	5	$	(204)	$	(154)	$	(1)	$	629

OCI before reclassifications	(301)		—		29		(1)		—		(273)
Amounts reclassified from AOCI	(39)		—		—		—		—		(39)
Total OCI	(340)		—		29		(1)		—		(312)
Balance, March 31, 2021	$	643	$	5	$	(175)	$	(155)	$	(1)	$	317


	Net Unrealized Gains (Losses) on Securities		Net Unrealized Gains (Losses) on Derivatives		Defined Benefit Plans		Foreign Currency Translation		Other		Total
	(in millions)
Balance, January 1, 2020	$	576	$	6	$	(138)	$	(181)	$	(1)	$	262

OCI before reclassifications	(530)		—		—		(33)		—		(563)
Amounts reclassified from AOCI	6		—		—		—		—		6
Total OCI	(524)		—		—		(33)		—		(557)
Balance, March 31, 2020	$	52	$	6	$	(138)	$	(214)	$	(1)	$	(295)