XML 76 R49.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Income Tax Disclosure [Abstract] |
Reconciliation of the change in the amount of unrecognized tax benefits |
Reconciliation of the change in the amount of unrecognized tax benefits
|  | For the years ended December 31,
($ in millions) |  | 2017 |  | 2016 |  | 2015
Balance – beginning of year |  | $ | 10 |  |  | $ | 7 |  |  | $ | — |
Increase for tax positions taken in a prior year |  | 34 |  |  | — |  |  | 4 |
Increase for tax positions taken in the current year |  | 11 |  |  | 3 |  |  | 3 |
Balance – end of year |  | $ | 55 |  |  | $ | 10 |  |  | $ | 7 |
Components of the deferred income tax assets and liabilities |
Components of the deferred income tax assets and liabilities (1)
|  | As of December 31,
($ in millions) |  | 2017 |  | 2016
Deferred assets |  |  |  |
Unearned premium reserves |  | $ | 545 |  |  | $ | 819 |
Accrued compensation |  | 137 |  |  | 203 |
Pension |  | 86 |  |  | 294 |
Discount on loss reserves |  | 53 |  |  | 188 |
Net operating loss carryover |  | 50 |  |  | 15 |
Other assets |  | 49 |  |  | 103 |
Other postretirement benefits |  | 48 |  |  | 64 |
Difference in tax bases of invested assets |  | — |  |  | 78 |
Total deferred assets |  | 968 |  |  | 1,764 |
Deferred liabilities |  |  |  |
DAC |  | (770 | ) |  | (1,211 | )
Unrealized net capital gains |  | (422 | ) |  | (529 | )
Life and annuity reserves |  | (241 | ) |  | (324 | )
Intangible assets |  | (113 | ) |  | (29 | )
Difference in tax bases of invested assets |  | (106 | ) |  | — |
Other liabilities |  | (98 | ) |  | (158 | )
Total deferred liabilities |  | (1,750 | ) |  | (2,251 | )
Net deferred liability |  | $ | (782 | ) |  | $ | (487 | )
(1) | Changes in deferred tax assets and liabilities primarily relate to the Tax Legislation.
Components of income tax expense |
Components of income tax expense
|  | For the years ended December 31,
($ in millions) |  | 2017 |  | 2016 |  | 2015
Current |  | $ | 1,018 |  |  | $ | 654 |  |  | $ | 1,033 |
Deferred |  | (216 | ) |  | 223 |  |  | 78 |
Total income tax expense |  | $ | 802 |  |  | $ | 877 |  |  | $ | 1,111 |
Reconciliation of the statutory federal income tax rate to the effective income tax rate on income from operations |
Reconciliation of the statutory federal income tax rate to the effective income tax rate
|  | For the years ended December 31,
|  | 2017 |  | 2016 |  | 2015
Statutory federal income tax rate on income from operations |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
Tax Legislation benefit |  | (12.7 | ) |  | — |  |  | — |
Share-based payments (1) |  | (1.6 | ) |  | — |  |  | — |
Tax-exempt income |  | (0.8 | ) |  | (1.2 | ) |  | (1.0 | )
Tax credits |  | (0.9 | ) |  | (1.2 | ) |  | (0.9 | )
Non-deductible goodwill impairment |  | 1.1 |  |  | — |  |  | — |
Other (2) |  | — |  |  | (0.7 | ) |  | 0.8 |
Effective income tax rate on income from operations |  | 20.1 | % |  | 31.9 | % |  | 33.9 | %
(1) | Includes a tax benefit of $63 million related to the 2017 adoption of the new accounting standard for share-based payments.
(2) | Includes $45 million of income tax expense related to the change in accounting guidance for investments in qualified affordable housing projects adopted in 2015.

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits, excluding amounts pertaining to examined tax returns. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration