The following table presents the amounts related to each component of OCI: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | 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) | $ | (39) | | | $ | (4) | | | $ | (43) | | | $ | 233 | | | $ | (54) | | | $ | 179 | | Reclassification of net (gains) losses on securities included in net income (2) | 9 | | | (2) | | | 7 | | | 15 | | | (3) | | | 12 | | | Impact of benefit reserves and reinsurance recoverables | 15 | | | (3) | | | 12 | | | 2 | | | (1) | | | 1 | | | Net unrealized gains (losses) on securities | (15) | | | (9) | | | (24) | | | 250 | | | (58) | | | 192 | | | Net unrealized gains (losses) on derivatives: | | | | | | | | | | | | | Net unrealized gains (losses) on derivatives arising during the period | — | | | — | | | — | | | (1) | | | — | | | (1) | | | | | | | | | | | | | | | Net unrealized gains (losses) on derivatives | — | | | — | | | — | | | (1) | | | — | | | (1) | | | Effect of changes in discount rate assumptions on certain long-duration contracts | (6) | | | 1 | | | (5) | | | (15) | | | 3 | | | (12) | | | Effect of changes in instrument-specific credit risk on MRBs | (38) | | | 8 | | | (30) | | | 1 | | | — | | | 1 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign currency translation | (11) | | | (1) | | | (12) | | | 107 | | | (4) | | | 103 | | | | | | | | | | | | | | | Total other comprehensive income (loss) | $ | (70) | | | $ | (1) | | | $ | (71) | | | $ | 342 | | | $ | (59) | | | $ | 283 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | 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) | $ | (531) | | | $ | 103 | | | $ | (428) | | | $ | 724 | | | $ | (164) | | | $ | 560 | | Reclassification of net (gains) losses on securities included in net income (2) | 6 | | | (1) | | | 5 | | | 10 | | | (2) | | | 8 | | | Impact of benefit reserves and reinsurance recoverables | 21 | | | (4) | | | 17 | | | (2) | | | — | | | (2) | | | Net unrealized gains (losses) on securities | (504) | | | 98 | | | (406) | | | 732 | | | (166) | | | 566 | | | Net unrealized gains (losses) on derivatives: | | | | | | | | | | | | Net unrealized gains (losses) on derivatives arising during the period | — | | | — | | | — | | | (11) | | | 2 | | | (9) | | | | | | | | | | | | | | | Net unrealized gains (losses) on derivatives | — | | | — | | | — | | | (11) | | | 2 | | | (9) | | | Effect of changes in discount rate assumptions on certain long-duration contracts | 77 | | | (17) | | | 60 | | | (53) | | | 11 | | | (42) | | | Effect of changes in instrument-specific credit risk on MRBs | — | | | — | | | — | | | 2 | | | — | | | 2 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign currency translation | (39) | | | 1 | | | (38) | | | 159 | | | (4) | | | 155 | | | | | | | | | | | | | | | Total other comprehensive income (loss) | $ | (466) | | | $ | 82 | | | $ | (384) | | | $ | 829 | | | $ | (157) | | | $ | 672 | |
(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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