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Consolidated Statements of Operations - USD ($)
$ in Millions
5 Months Ended 7 Months Ended 12 Months Ended
May 31, 2018
Dec. 31, 2018
Dec. 31, 2020
Dec. 31, 2019
Revenues        
Fee income and other $ 381 $ 502 $ 741 $ 821
Earned premiums 42 31 35 42
Net investment income (loss):        
Net investment income 520 509 816 924
Realized Investment Gains (Losses) (107) 142 (74) (275)
Amortization of deferred reinsurance gain 0 38 53 59
Total revenues 836 1,222 1,571 1,571
Benefits, losses and expenses        
Benefits, loss and loss adjustment expenses 534 415 626 760
Amortization of deferred policy acquisition costs ("DAC") and value of business acquired ("VOBA") 16 98 50 (25)
Insurance operating costs and other expenses 183 235 364 423
Other intangible asset amortization 0 4 6 5
Dividends to policyholders 2 2 60 5
Total benefits, losses and expenses 735 754 1,106 1,168
Income before income taxes 101 468 465 403
Provision for income taxes 7 59 66 44
Net income $ 94 $ 409 $ 399 $ 359