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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 $ 1,241 $ 1,276 $ 3,844 $ 3,989
Fee income 1,799 1,868 4,676 4,735
Net investment income 1,404 1,167 3,834 3,645
Realized gain (loss):        
Total other-than-temporary impairment losses on securities   (2)   (26)
Portion of loss recognized in other comprehensive income     13
Net other-than-temporary impairment losses on securities recognized in earnings   (2)   (13)
Realized gain (loss), excluding other-than-temporary impairment losses on securities (13) (214) (448) (831)
Total realized gain (loss) (13) (216) (448) (844)
Amortization of deferred gain on business sold through reinsurance 9 7 27 20
Other revenues 131 125 410 373
Total revenues 4,571 4,227 12,343 11,918
Expenses        
Interest credited 737 699 2,184 2,043
Benefits 2,350 2,282 6,042 5,826
Commissions and other expenses 1,899 1,493 4,065 3,833
Interest and debt expense 29 36 96 110
Strategic digitization expense 14 16 39 47
Total expenses 5,029 4,526 12,426 11,859
Income (loss) before taxes (458) (299) (83) 59
Federal income tax expense (benefit) (131) (98) (114) (96)
Net income (loss) (327) (201) 31 155
Other comprehensive income (loss), net of tax 360 1,972 2,339 5,838
Comprehensive income (loss) $ 33 $ 1,771 $ 2,370 $ 5,993