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Consolidated Statements Of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Insurance premiums $ 1,551 $ 1,436 $ 3,067 $ 2,842
Fee income 1,307 1,349 2,628 2,743
Net investment income 1,476 1,338 2,885 2,690
Realized gain (loss) (3,252) 148 (3,646) 508
Amortization of deferred gain (loss) on business sold through reinsurance 8 10 17 20
Other revenues 157 133 313 287
Total revenues 1,247 4,414 5,264 9,090
Expenses        
Benefits 1,676 1,922 3,872 4,024
Interest credited 804 706 1,585 1,399
Market risk benefit (gain) loss (1,238) 716 (168) 830
Policyholder liability remeasurement (gain) loss (109) 85 (227) 126
Commissions and other expenses 1,281 1,158 2,530 2,370
Interest and debt expense 47 31 93 60
Spark program expense 41 44 64 75
Total expenses 2,502 4,662 7,749 8,884
Income (loss) before taxes (1,255) (248) (2,485) 206
Federal income tax expense (benefit) (299) (76) (601) (12)
Net income (loss) (956) (172) (1,884) 218
Other comprehensive income (loss), net of tax:        
Unrealized investment gain (loss) 2,119 (6,518) 3,896 (13,818)
Market risk benefit non-performance risk gain (loss) (924) 354 102 374
Policyholder liability discount rate remeasurement gain (loss) 102 667 (88) 1,426
Foreign currency translation adjustment (1)   (1)  
Funded status of employee benefit plans   1    
Total other comprehensive income (loss), net of tax 1,296 (5,496) 3,909 (12,018)
Comprehensive income (loss) $ 340 $ (5,668) $ 2,025 $ (11,800)