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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Premiums $ 82 $ 96 $ 256 $ 301
Net investment income 212 222 647 712
Policy and contract charges 535 539 1,529 1,510
Other revenues 122 120 357 343
Net realized investment gains (losses) 1 (11) (16) (1)
Total revenues 952 966 2,773 2,865
Benefits and expenses        
Benefits, claims, losses and settlement expenses 1,101 332 820 1,091
Interest credited to fixed accounts 170 127 523 517
Amortization of deferred acquisition costs 83 96 338 141
Other insurance and operating expenses 163 172 490 513
Total benefits and expenses 1,517 727 2,171 2,262
Pretax income (loss) (565) 239 602 603
Income tax provision (benefit) (131) 8 35 17
Net Income $ (434) $ 231 $ 567 $ 586