The following table presents the amounts related to each component of OCI: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | 2026 | | 2025 | | 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) | $ | (492) | | | $ | 107 | | | $ | (385) | | | $ | 491 | | | $ | (110) | | | $ | 381 | | Reclassification of net (gains) losses on securities included in net income (2) | (3) | | | 1 | | | (2) | | | (5) | | | 1 | | | (4) | | | Impact of benefit reserves and reinsurance recoverables | 6 | | | (1) | | | 5 | | | (4) | | | 1 | | | (3) | | | Net unrealized gains (losses) on securities | (489) | | | 107 | | | (382) | | | 482 | | | (108) | | | 374 | | | Net unrealized gains (losses) on derivatives: | | | | | | | | | | | | Net unrealized gains (losses) on derivatives arising during the period | — | | | — | | | — | | | (10) | | | 2 | | | (8) | | | | | | | | | | | | | | | Net unrealized gains (losses) on derivatives | — | | | — | | | — | | | (10) | | | 2 | | | (8) | | | Effect of changes in discount rate assumptions on certain long-duration contracts | 83 | | | (18) | | | 65 | | | (38) | | | 8 | | | (30) | | | Effect of changes in instrument-specific credit risk on MRBs | 38 | | | (8) | | | 30 | | | 1 | | | — | | | 1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign currency translation | (28) | | | 2 | | | (26) | | | 52 | | | — | | | 52 | | | | | | | | | | | | | | | Total other comprehensive income (loss) | $ | (396) | | | $ | 83 | | | $ | (313) | | | $ | 487 | | | $ | (98) | | | $ | 389 | |
(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.
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