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REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS - Income Statement (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES                          
Policy charges and fee income $ 914 $ 877 $ 996 $ 980 $ 938 $ 929 $ 1,873 $ 1,867 $ 2,787 $ 2,847 $ 3,778 $ 3,834 $ 3,686
Net derivative gains (losses) (1,472) (6,038) 9,400 (453) (237) (1,633) 3,362 (1,870) 1,890 (2,323) (4,012) (250) 191
Net investment income (loss) 879 1,022 629 824     1,651   2,530 2,815      
Other income 155 124 155 143     279   434 409      
Total revenues 1,840 (2,550) 12,609 3,078 3,156 1,709 10,059 4,865 11,899 7,943 9,619 12,069 12,430
BENEFITS AND OTHER DEDUCTIONS                          
Policyholders’ benefits 1,034 736 2,776 1,735 895 921 3,512 1,816 4,546 3,551 4,385 2,856 4,380
Interest credited to policyholders’ account balances 306     320 317 307   624 930 944 1,263 1,067  
Commissions and distribution-related payments 342     317         982 905 1,242 1,165 1,088
Amortization of deferred policy acquisition costs, net 90 162 1,303 128 175 186 1,465 361 1,555 489 597 371 515
Other operating costs and expenses 436 434 438 449 455 411 872 866 1,308 1,315 1,890 1,810  
Total benefits and other deductions 2,763 2,458 5,750 3,505 2,718 2,671 8,208 5,389 10,971 8,894 11,679 9,579 11,187
Income (loss) from continuing operations, before income taxes (923) (5,008) 6,859 (427) 438 (962) 1,851 (524) 928 (951) (2,060) 2,490 1,243
Income tax (expense) benefit 218 1,075 (1,434) 121 (10) 223 (359) 213 (141) 334 593 (301) (42)
Net income (loss) (705) (3,933) 5,425 (306) 428 (739) 1,492 (311) 787 (617) (1,467) 2,189 1,201
Net income (loss) attributable to Holdings (779) $ (4,019) $ 5,388 (374) $ 361 $ (805) $ 1,369 $ (444) 590 (818) $ (1,764) $ 1,855 778
Net income (loss) available to Holdings’ common shareholders $ (790)     $ (374)         $ 556 $ (818)     $ 778
EARNINGS PER COMMON SHARE                          
Basic (in usd per share) $ (1.77) $ (8.94) $ 11.66 $ (0.76) $ 0.74 $ (1.55) $ 2.95 $ (0.88) $ 1.23 $ (1.64) $ (3.57) $ 3.33 $ 1.39
Diluted (in usd per share) $ (1.77) $ (8.94) $ 11.60 $ (0.76) $ 0.73 $ (1.55) $ 2.94 $ (0.88) $ 1.22 $ (1.64) $ (3.57) $ 3.33 $ 1.39
As Previously Reported                          
REVENUES                          
Policy charges and fee income   $ 879 $ 991 $ 929 $ 941 $ 931 $ 1,870 $ 1,872   $ 2,801 $ 3,738 $ 3,824 $ 3,693
Net derivative gains (losses)   (6,033) 9,401 (451) (236) (1,630) 3,368 (1,866)   (2,317) (4,000) (231) 214
Net investment income (loss)   1,035 616       1,651            
Other income   124 156 142     280     408      
Total revenues   (2,530) 12,593 3,028 3,160 1,714 10,063 4,874   7,902 9,591 12,078 12,460
BENEFITS AND OTHER DEDUCTIONS                          
Policyholders’ benefits   746 2,788 1,757 896 880 3,534 1,776   3,533 4,370 2,915 4,366
Interest credited to policyholders’ account balances       304 314 304   618   922 1,241 1,090  
Commissions and distribution-related payments                     1,242 1,160 1,081
Amortization of deferred policy acquisition costs, net   183 1,248 85 177 198 1,431 375   460 579 333 503
Other operating costs and expenses   434 437   456 410 871 866     1,892 1,809  
Total benefits and other deductions   2,489 5,706 3,468 2,719 2,638 8,195 5,357   8,825 11,626 9,617 11,154
Income (loss) from continuing operations, before income taxes   (5,019) 6,887 (440) 441 (924) 1,868 (483)   (923) (2,035) 2,461 1,306
Income tax (expense) benefit   1,077 (1,440) 124 (11) 215 (363) 204   328 599 (307) (49)
Net income (loss)   (3,942) 5,447 (316) 430 (709) 1,505 (279)   (595) (1,436) 2,154 1,257
Net income (loss) attributable to Holdings   $ (4,028) $ 5,410 $ (384) $ 363 $ (775) $ 1,382 $ (412)   $ (796) $ (1,733) $ 1,820 834
Net income (loss) available to Holdings’ common shareholders                         $ 834
EARNINGS PER COMMON SHARE                          
Basic (in usd per share)   $ (8.96) $ 11.71 $ (0.78) $ 0.74 $ (1.50) $ 2.98 $ (0.82)   $ (1.59) $ (3.51) $ 3.27 $ 1.49
Diluted (in usd per share)   $ (8.96) $ 11.65 $ (0.78) $ 0.74 $ (1.50) $ 2.97 $ (0.82)   $ (1.59) $ (3.51) $ 3.27 $ 1.48
Impact of Revisions                          
REVENUES                          
Policy charges and fee income   $ (2) $ 5 $ 51 $ (3) $ (2) $ 3 $ (5)   $ 46 $ 40 $ 10 $ (7)
Net derivative gains (losses)   (5) (1) (2) (1) (3) (6) (4)   (6) (12) (19) (23)
Net investment income (loss)   (13) 13       0            
Other income   0 (1) 1     (1)     1      
Total revenues   (20) 16 50 (4) (5) (4) (9)   41 28 (9) (30)
BENEFITS AND OTHER DEDUCTIONS                          
Policyholders’ benefits   (10) (12) (22) (1) 41 (22) 40   18 15 (59) 14
Interest credited to policyholders’ account balances       16 3 3   6   22 22 (23)  
Commissions and distribution-related payments                     0 5 7
Amortization of deferred policy acquisition costs, net   (21) 55 43 (2) (12) 34 (14)   29 18 38 12
Other operating costs and expenses   0 1   (1) 1 1 0     (2) 1  
Total benefits and other deductions   (31) 44 37 (1) 33 13 32   69 53 (38) 33
Income (loss) from continuing operations, before income taxes   11 (28) 13 (3) (38) (17) (41)   (28) (25) 29 (63)
Income tax (expense) benefit   (2) 6 (3) 1 8 4 9   6 (6) 6 7
Net income (loss)   9 (22) 10 (2) (30) (13) (32)   (22) (31) 35 (56)
Net income (loss) attributable to Holdings   $ 9 $ (22) $ 10 $ (2) $ (30) $ (13) $ (32)   $ (22) $ (31) $ 35 (56)
Net income (loss) available to Holdings’ common shareholders                         $ (56)
EARNINGS PER COMMON SHARE                          
Basic (in usd per share)   $ 0.02 $ (0.05) $ 0.02 $ 0 $ (0.05) $ (0.03) $ (0.06)   $ (0.05) $ (0.06) $ 0.06 $ (0.10)
Diluted (in usd per share)   $ 0.02 $ (0.05) $ 0.02 $ (0.01) $ (0.05) $ (0.03) $ (0.06)   $ (0.05) $ (0.06) $ 0.06 $ (0.09)