v3.24.3
Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Changes in the Components of AOCI
Changes in the components of AOCI were as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2024202320242023
Securities and Derivatives
Beginning balance$400 $(118)$171 $(332)
Unrealized appreciation (depreciation) on securities and derivatives
319 (257)568 2 
Tax (expense) benefit
(65)57 (133)(9)
Net unrealized appreciation (depreciation) on securities and derivatives
254 (200)435 (7)
Reclassification adjustment for losses included in Shareholders' net income (Net realized investment losses)
12 12 73 38 
Reclassification adjustment for (gains) included in Shareholders' net income (Selling, general and administrative expenses)
— (1)— (1)
Reclassification adjustment for tax (benefit) included in Shareholders' net income
(2)(3)(15)(8)
Net losses reclassified from AOCI to Shareholders' net income
10 8 58 29 
Other comprehensive income (loss), net of tax
264 (192)493 22 
Ending balance$664 $(310)$664 $(310)
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2024202320242023
Net long-duration insurance and contractholder liabilities measurement adjustments
Beginning balance$(1,743)$(704)$(971)$(256)
Current period change in discount rate for certain long-duration liabilities(34)(27)(1,054)(585)
Tax benefit
3 12 265 149 
Net current period change in discount rate for certain long-duration liabilities(31)(15)(789)(436)
Current period change in instrument-specific credit risk for market risk benefits3 (17)(15)(50)
Tax benefit
— 4 4 10 
Net current period change in instrument-specific credit risk for market risk benefits3 (13)(11)(40)
Other comprehensive (loss), net of tax
(28)(28)(800)(476)
Ending balance$(1,771)$(732)$(1,771)$(732)

Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2024202320242023
Translation of foreign currencies
Beginning balance$(180)$(157)$(149)$(154)
Translation of foreign currencies41 (31)13 (36)
Tax (expense) benefit
(2)2 (5)4 
Other comprehensive income (loss), net of tax
39 (29)8 (32)
Ending balance$(141)$(186)$(141)$(186)

Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2024202320242023
Postretirement benefits liability
Beginning balance$(919)$(899)$(915)$(916)
Reclassification adjustment for amortization of net prior actuarial losses and prior service costs (Interest expense and other)9 11 24 35 
Reclassification adjustment for tax (benefit) included in Shareholders' net income
(5)(3)(8)(9)
Net adjustments reclassified from AOCI to Shareholders' net income
4 8 16 26 
Valuation update(1)— (21)(2)
Tax benefit
1 — 5 1 
Net change due to valuation update— — (16)(1)
Other comprehensive income, net of tax
4 8 — 25 
Ending balance$(915)$(891)$(915)$(891)

Three Months Ended
September 30,		Nine Months Ended
September 30,
(In millions)2024202320242023
Total Accumulated other comprehensive loss
Beginning balance$(2,442)$(1,878)$(1,864)$(1,658)
Shareholders' other comprehensive income (loss), net of tax
279 (241)(299)(461)
Ending balance$(2,163)$(2,119)$(2,163)$(2,119)