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Consolidated Statements Of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Insurance premiums $ 1,293 $ 1,325 $ 4,008 $ 4,170
Fee income 1,815 1,934 4,812 4,925
Net investment income 1,458 1,235 4,005 3,842
Realized gain (loss):        
Total other-than-temporary impairment losses on securities   (2)   (29)
Portion of loss recognized in other comprehensive income 15
Net other-than-temporary impairment losses on securities recognized in earnings   (2)   (14)
Realized gain (loss), excluding other-than-temporary impairment losses on securities 629 (9) (43) (477)
Total realized gain (loss) 629 (11) (43) (491)
Amortization of deferred gain on business sold through reinsurance 11 8 32 23
Other revenues 155 147 489 444
Total revenues 5,361 4,638 13,303 12,913
Expenses        
Interest credited 732 705 2,189 2,063
Benefits 2,484 2,502 6,710 6,112
Commissions and other expenses 1,599 1,552 3,807 3,999
Interest and debt expense 66 113 218 254
Strategic digitization expense 20 16 45 47
Total expenses 4,901 4,888 12,969 12,475
Income (loss) before taxes 460 (250) 334 438
Federal income tax expense (benefit) 62 (89) (22) (16)
Net income (loss) 398 (161) 356 454
Other comprehensive income (loss), net of tax 486 1,912 2,136 5,841
Comprehensive income (loss) $ 884 $ 1,751 $ 2,492 $ 6,295
Net Income (Loss) Per Common Share        
Basic (in dollars per share) $ 2.06 $ (0.81) $ 1.84 $ 2.25
Diluted (in dollars per share) 2.01 (0.83) 1.74 2.24
Cash Dividends Declared Per Common Share $ 0.40 $ 0.37 $ 1.20 $ 1.11