Changes in and Reclassifications From Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2021

Changes in AOCI, Net of Tax for the Year Ended December 31, 2021


	Changes in
	Net Unrealized Gain on Fixed Maturities		Unrealized Loss on Fixed Maturities with ACL		Net Gain (Loss) on Cash Flow Hedging Instruments		Foreign Currency Translation Adjustments		Pension and Other Postretirement Plan Adjustments		AOCI, net of tax
Beginning balance	$	2,834	$	(2)	$	12	$	43	$	(1,717)	$	1,170


OCI before reclassifications	(1,307)		—		28		(3)		219		(1,063)
Amounts reclassified from AOCI	(234)		—		(36)		—		70		(200)
OCI, before tax	(1,541)		—		(8)		(3)		289		(1,263)
Income tax benefit (expense)	323		—		2		1		(61)		265
OCI, net of tax	(1,218)		—		(6)		(2)		228		(998)
Ending balance	$	1,616	$	(2)	$	6	$	41	$	(1,489)	$	172

Changes in AOCI, Net of Tax for the Year Ended December 31, 2020


	Changes in
	Net Unrealized Gain on Fixed Maturities		Unrealized Loss on Fixed Maturities with ACL		Net Gain (Loss) on Cash Flow Hedging Instruments		Foreign Currency Translation Adjustments		Pension and Other Postretirement Plan Adjustments		AOCI, net of tax
Beginning balance	$	1,684	$	(3)	$	9	$	34	$	(1,672)	$	52



OCI before reclassifications	1,627		1		30		11		(117)		1,552
Amounts reclassified from AOCI	(171)		—		(26)		—		60		(137)
OCI, before tax	1,456		1		4		11		(57)		1,415
Income tax benefit (expense)	(306)		—		(1)		(2)		12		(297)
OCI, net of tax	1,150		1		3		9		(45)		1,118
Ending balance	$	2,834	$	(2)	$	12	$	43	$	(1,717)	$	1,170

Changes in AOCI, Net of Tax for the Year ended December 31, 2019


	Changes in
	Net Unrealized Gain on Fixed Maturities		OTTI Losses in OCI		Net Gain on Cash Flow Hedging Instruments		Foreign Currency Translation Adjustments		Pension and Other Postretirement Plan Adjustments		AOCI, net of tax
Beginning balance	$	24	$	(4)	$	(5)	$	30	$	(1,624)	$	(1,579)


OCI before reclassifications	2,275		1		28		5		(104)		2,205
Amounts reclassified from AOCI	(174)		—		(10)		—		43		(141)
OCI, before tax	2,101		1		18		5		(61)		2,064
Income tax benefit (expense)	(441)		—		(4)		(1)		13		(433)
OCI, net of tax	1,660		1		14		4		(48)		1,631
Ending balance	$	1,684	$	(3)	$	9	$	34	$	(1,672)	$	52


AOCI	Amount Reclassified from AOCI						Affected Line Item in the Consolidated Statement of Operations
	For the year ended December 31, 2021		For the year ended December 31, 2020		For the year ended December 31, 2019
Net Unrealized Gain on Fixed Maturities
Fixed maturities, AFS	$	234	$	171	$	174	Net realized gains (losses)
	234		171		174		Total before tax
	49		36		37		Income tax expense

	$	185	$	135	$	137	Net income


















Net Gains on Cash Flow Hedging Instruments
Interest rate swaps	$	—	$	—	$	2	Net realized gains (losses)
Interest rate swaps	41		29		4		Net investment income
Interest rate swaps	(10)		(7)		1		Interest expense
Foreign currency swaps	—		(1)		—		Net realized gains (losses)
Foreign currency swaps	5		5		3		Net investment income
	36		26		10		Total before tax
	8		5		2		Income tax expense

	$	28	$	21	$	8	Net income





Pension and Other Postretirement Plan Adjustments
Amortization of prior service credit	$	7	$	7	$	7	Insurance operating costs and other expenses
Amortization of actuarial loss	(77)		(67)		(50)		Insurance operating costs and other expenses

	(70)		(60)		(43)		Total before tax
	(15)		(13)		(9)		Income tax expense
	(55)		(47)		(34)		Net income
Total amounts reclassified from AOCI	$	158	$	109	$	111	Net income