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Consolidated Statements Of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Insurance premiums $ 1,328 $ 1,285 $ 2,658 $ 2,602
Fee income 1,600 1,400 3,124 2,878
Net investment income 1,510 1,111 2,957 2,430
Realized gain (loss) (172) (433) 39 (435)
Amortization of deferred gain on business sold through reinsurance 7 9 14 18
Other revenues 162 159 332 279
Total revenues 4,435 3,531 9,124 7,772
Expenses        
Interest credited 732 726 1,463 1,446
Benefits 1,848 1,870 4,031 3,692
Commissions and other expenses 1,262 1,114 2,432 2,166
Interest and debt expense 28 33 57 67
Strategic digitization expense 21 14 35 26
Total expenses 3,891 3,757 8,018 7,397
Income (loss) before taxes 544 (226) 1,106 375
Federal income tax expense (benefit) 82 (81) 180 17
Net income (loss) 462 (145) 926 358
Other comprehensive income (loss), net of tax 1,721 4,042 (1,460) 1,979
Comprehensive income (loss) $ 2,183 $ 3,897 $ (534) $ 2,337