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Federal Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2017
Federal Income Taxes [Abstract] |
Income tax expense (benefit), continuing operations |
﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |
﻿ | For the Years Ended December 31, |
﻿ | 2017 |  | 2016 |  | 2015 |
﻿Current | $ | 210 |  | $ | 88 |  | $ | 212 |
﻿Deferred |  | (1,159 | ) |  | 178 |  |  | 64 |
﻿Federal income tax expense (benefit) | $ | (949 | ) | $ | 266 |  | $ | 276 |
﻿
Reconciliation of effective tax rate differences |
﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |
﻿ | For the Years Ended December 31, |
﻿ | 2017 |  | 2016 |  | 2015 |
﻿Tax rate times pre-tax income | $ | 396 |  | $ | 510 |  | $ | 501 |
﻿Effect of: |  |  |  |  |  |  |  |  |
﻿Tax-preferred investment income |  | (280 | ) |  | (196 | ) |  | (197 | )
﻿Tax credits |  | (29 | ) |  | (28 | ) |  | (26 | )
﻿Change in uncertain tax positions |  | (17 | ) |  | (14 | ) |  | (2 | )
﻿Excess tax benefits from share-based |  |  |  |  |  |  |  |  |
﻿compensation |  | (12 | ) |  | (8 | ) |  | - |
﻿Goodwill impairment |  | 316 |  |  | - |  |  | - |
﻿Deferred tax impact from the Tax Cuts |  |  |  |  |  |  |  |  |
﻿ and Jobs Act |  | (1,322 | ) |  | - |  |  | - |
﻿Other items |  | (1 | ) |  | 2 |  |  | - |
﻿Federal income tax expense (benefit) | $ | (949 | ) | $ | 266 |  | $ | 276 |
﻿Effective tax rate |  | -84% |  |  | 18% |  |  | 19% |
﻿
Federal income tax asset (liability) |
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ | As of December 31, |
﻿ | 2017 |  | 2016 |
﻿Current | $ | (35 | ) | $ | 4 |
﻿Deferred |  | (2,095 | ) |  | (2,463 | )
﻿Total federal income tax asset (liability) | $ | (2,130 | ) | $ | (2,459 | )
﻿
Significant components of deferred tax assets and liabilities |
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ | As of December 31, |
﻿ | 2017 |  | 2016 |
﻿Deferred Tax Assets |  |  |  |  |  |
﻿Future contract benefits and other contract holder funds | $ | 795 |  | $ | 1,286 |
﻿Deferred gain on business sold through reinsurance |  | - |  |  | 8 |
﻿Reinsurance related embedded derivative asset |  | 12 |  |  | 19 |
﻿Compensation and benefit plans |  | 182 |  |  | 309 |
﻿Tax credits |  | 76 |  |  | 85 |
﻿Other |  | 7 |  |  | 133 |
﻿Total deferred tax assets | $ | 1,072 |  | $ | 1,840 |
﻿Deferred Tax Liabilities |  |  |  |  |  |
﻿DAC | $ | 1,080 |  | $ | 1,986 |
﻿VOBA |  | 108 |  |  | 312 |
﻿Net unrealized gain on AFS securities |  | 1,643 |  |  | 1,646 |
﻿Net unrealized gain on trading securities |  | 41 |  |  | 68 |
﻿Intangibles |  | 9 |  |  | 20 |
﻿Investment activity |  | 96 |  |  | 108 |
﻿Other |  | 190 |  |  | 163 |
﻿Total deferred tax liabilities | $ | 3,167 |  | $ | 4,303 |
﻿Net deferred tax asset (liability) | $ | (2,095 | ) | $ | (2,463 | )
﻿
Schedule of Unrecognized Tax Benefits Roll Forward |
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ | For the Years Ended |
﻿ | December 31, |
﻿ | 2017 |  | 2016 |
﻿Balance as of beginning-of-year | $ | 1 |  | $ | 13 |
﻿Increases for prior year tax positions |  | 9 |  |  | - |
﻿Increases for current year tax positions |  | 1 |  |  | 1 |
﻿Decreases for settlements with taxing authorities |  | - |  |  | (1 | )
﻿Decreases for expiring statutes |  | - |  |  | (12 | )
﻿Balance as of end-of-year | $ | 11 |  | $ | 1 |
﻿

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- 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
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- 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
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