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Consolidated Statements of Operations - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Dec. 31, 2021
Jun. 30, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues        
Fee income and other $ 410 $ 438 $ 741 $ 821
Earned premiums 31 24 35 42
Net investment income 498 534 816 924
Net realized capital losses (20) (242) (74) (275)
Amortization of deferred gains 0 26 53 59
Total revenues 919 780 1,571 1,571
Benefits, losses and expenses        
Benefits, loss and loss adjustment expenses 285 375 626 760
Amortization of value of business acquired ("VOBA") 90 (43) 50 (25)
Insurance operating costs and other expenses 208 228 364 423
Other intangible asset amortization 3 3 6 5
Dividends to policyholders 2 1 60 5
Total benefits, losses and expenses 588 564 1,106 1,168
Income before income taxes 331 216 465 403
Provision for income taxes 51 30 66 44
Net income $ 280 $ 186 $ 399 $ 359