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Consolidated Statements Of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Insurance premiums $ 1,341 $ 1,241 $ 3,999 $ 3,844
Fee income 1,927 1,799 5,051 4,676
Net investment income 1,511 1,404 4,468 3,834
Realized gain (loss) (24) (13) 16 (448)
Amortization of deferred gain on business sold through reinsurance 8 9 22 27
Other revenues 149 131 480 410
Total revenues 4,912 4,571 14,036 12,343
Expenses        
Interest credited 744 737 2,206 2,184
Benefits 1,840 2,350 5,871 6,042
Commissions and other expenses 1,839 1,899 4,272 4,065
Interest and debt expense 29 29 86 96
Strategic digitization expense 22 14 57 39
Total expenses 4,474 5,029 12,492 12,426
Income (loss) before taxes 438 (458) 1,544 (83)
Federal income tax expense (benefit) 66 (131) 246 (114)
Net income (loss) 372 (327) 1,298 31
Other comprehensive income (loss), net of tax (617) 360 (2,077) 2,339
Comprehensive income (loss) $ (245) $ 33 $ (779) $ 2,370