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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Premiums $ 81 $ 102 $ 174 $ 205
Net investment income 212 234 435 490
Policy and contract charges 443 498 994 971
Other revenues 116 121 235 223
Net realized investment gains (losses) 0 0 (17) 10
Total revenues 852 955 1,821 1,899
Benefits and expenses        
Benefits, claims, losses and settlement expenses (1,467) (341) (281) (759)
Interest credited to fixed accounts 262 186 353 390
Amortization of deferred acquisition costs (248) 43 255 45
Other insurance and operating expenses 164 173 327 341
Total benefits and expenses 1,645 743 654 1,535
Pretax income (loss) (793) 212 1,167 364
Income tax provision (benefit) 0 2 166 9
Net Income $ (793) $ 210 $ 1,001 $ 355