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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Premiums $ 828 $ 1,180 $ 1,637
Universal life and investment-type product policy fees 3,156 3,097 3,293
Net investment income 2,973 3,111 3,001
Other revenues 336 709 433
Net investment gains (losses):      
Other-than-temporary impairments on fixed maturity securities (1) (19) (23)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss) 0 (3) (8)
Other net investment gains (losses) (26) (45) 36
Total net investment gains (losses) (27) (67) 5
Net derivative gains (losses) (1,468) (5,770) (497)
Total revenues 5,798 2,260 7,872
Expenses      
Policyholder benefits and claims 3,594 3,738 3,087
Interest credited to policyholder account balances 1,076 1,131 1,224
Amortization of DAC and VOBA Charged to Other Expenses 916 (225) 673
Other expenses 1,833 2,081 1,723
Total expenses 7,419 6,725 6,707
Income (loss) before provision for income tax (1,621) (4,465) 1,165
Provision for income tax expense (benefit) (738) (1,690) 247
Net income (loss) $ (883) $ (2,775) $ 918