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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Fee income and other $ 246 $ 280 $ 500 $ 555
Premiums Earned, Net 28 23 56 46
Net investment income:        
Net investment income 345 386 667 765
Net realized capital gains (losses):        
Total other-than-temporary impairment (“OTTI”) losses (1) (3) (12) (9)
Other than Temporary Impairment Losses, Investments, Reclassification Adjustment of Noncredit Portion Included in Net Income, Availabe-for-sale Securities, before Tax 0 1 1 1
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities 1 2 11 8
Other net realized capital gains 4 15 (103) 12
Total net realized capital gains (losses) 3 13 (114) 4
Revenues 622 702 1,109 1,370
Benefits, losses and expenses        
Policyholder Benefits and Claims Incurred, Net 342 303 691 633
Deferred Policy Acquisition Costs and Present Value of Future Profits, Amortization     19 39
Insurance operating costs and other expenses 124 146 241 280
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal 0 8 0 8
Policyholder Dividends, Expense 0 0 1 0
Total benefits, losses and expenses 474 461 952 944
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest 148 241 157 426
Income Tax Expense (Benefit) 30 11 11 51
Net Income (Loss) Attributable to Parent 118 230 146 375
Continuing Operations [Member]        
Benefits, losses and expenses        
Deferred Policy Acquisition Costs and Present Value of Future Profits, Amortization $ 8 $ 20 $ 19 $ 39