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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Policy charges $ 2,749 $ 2,545 $ 2,361
Premiums 695 633 642
Net investment income 2,675 2,414 2,139
Net realized investment (losses) gains, including other-than-temporary impairment losses (340) 12 (111)
Other revenues 21 9 8
Total revenues 5,800 5,613 5,039
Benefits and expenses      
Interest credited to policyholder account values 978 1,844 1,406
Benefits and claims 1,651 1,283 1,298
Amortization of deferred policy acquisition costs 423 392 433
Other expenses, net of deferrals 1,300 1,193 998
Total benefits and expenses 4,352 4,712 4,135
Income before federal income taxes and noncontrolling interests 1,448 901 904
Federal income tax expense (benefit) 211 (408) 126
Net income 1,237 1,309 778
Loss attributable to noncontrolling interests, net of tax 168 96 91
Net income attributable to Nationwide Life Insurance Company $ 1,405 $ 1,405 $ 869