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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Premiums $ 74 $ 75 $ 147 $ 153
Net investment income 185 224 344 471
Policy and contract charges 540 578 1,104 1,125
Other revenues 164 131 337 259
Net realized investment gains (losses) (16) 8 2 56
Total revenues 947 1,016 1,934 2,064
Benefits and expenses        
Benefits, claims, losses and settlement expenses 82 404 292 1,056
Interest credited to fixed accounts 145 124 286 283
Amortization of deferred acquisition costs 147 61 239 63
Interest and debt expense 23 20 42 41
Other insurance and operating expenses 163 180 334 374
Total benefits and expenses 560 789 1,193 1,817
Pretax income (loss) 387 227 741 247
Income tax provision (benefit) 58 8 97 10
Net income (loss) $ 329 $ 219 $ 644 $ 237