Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2023


Note 17			Other Comprehensive Income (Loss)


Components of other comprehensive income (loss) on a pre-tax and after-tax basis
($ in millions)	Three months ended September 30,
	2023						2022
	Pre-tax		Tax		After-tax		Pre-tax		Tax		After-tax
Unrealized net holding gains and losses arising during the period, net of related offsets	$	(974)	$	210	$	(764)	$	(1,161)	$	246	$	(915)
Less: reclassification adjustment of realized capital gains and losses	(121)		24		(97)		(159)		33		(126)
Unrealized net capital gains and losses	(853)		186		(667)		(1,002)		213		(789)
Unrealized foreign currency translation adjustments	(18)		4		(14)		(112)		24		(88)
Unamortized pension and other postretirement prior service credit (1)	(6)		1		(5)		(9)		1		(8)
Discount rate for reserve for future policy benefits	38		(8)		30		66		(14)		52
Other comprehensive (loss) income	$	(839)	$	183	$	(656)	$	(1,057)	$	224	$	(833)

	Nine months ended September 30,
	2023						2022
	Pre-tax		Tax		After-tax		Pre-tax		Tax		After-tax
Unrealized net holding gains and losses arising during the period, net of related offsets	$	(717)	$	152	$	(565)	$	(5,083)	$	1,080	$	(4,003)
Less: reclassification adjustment of realized capital gains and losses	(390)		82		(308)		(602)		126		(476)
Unrealized net capital gains and losses	(327)		70		(257)		(4,481)		954		(3,527)
Unrealized foreign currency translation adjustments	81		(17)		64		(171)		36		(135)
Unamortized pension and other postretirement prior service credit (1)	(18)		4		(14)		(47)		9		(38)
Discount rate for reserve for future policy benefits	37		(8)		29		294		(62)		232
Other comprehensive (loss) income	$	(227)	$	49	$	(178)	$	(4,405)	$	937	$	(3,468)

(1) Represents prior service credits reclassified out of other comprehensive income and amortized into operating costs and expenses.