Quarterly Results of Operations

12 Months Ended

Dec. 31, 2019

Quarterly Results of Operations (Unaudited) [Abstract]

Quarterly Results of Operations (Unaudited)

23. Quarterly Results of Operations (Unaudited)

The unaudited quarterly results of operations (in millions, except per share data) were as follows:

	For the Three Months Ended
	March 31,		June 30,		September 30,				December 31,
2019
Total revenues	$	3,965	$	4,310		$	4,638		$	4,344
Total expenses		3,697		3,889			4,888			3,863
Net income (loss)		252		363			(161	)		431
Earnings (loss) per common share – basic:
Net income (loss)		1.23		1.80			(0.81	)		2.18
Earnings (loss) per common share – diluted:
Net income (loss)		1.22		1.79			(0.83	)		2.15
2018
Total revenues	$	3,609	$	4,020		$	4,264		$	4,531
Total expenses		3,174		3,569			3,732			4,064
Net income (loss)		367		385			490			399
Earnings (loss) per common share – basic:
Net income (loss)		1.68		1.76			2.27			1.89
Earnings (loss) per common share – diluted:
Net income (loss)		1.64		1.70			2.24			1.80