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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Premiums $ 220 $ 170
Universal life and investment-type product policy fees 824 786
Net investment income 792 759
Other revenues 79 62
Net investment gains (losses):    
Other net investment gains (losses) (4) (55)
Total net investment gains (losses) (4) (55)
Net derivative gains (losses) (287) (813)
Total revenues 1,624 909
Expenses    
Policyholder benefits and claims 710 858
Interest credited to policyholder account balances 260 267
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Amortization 281 (42)
Other expenses 397 436
Total expenses 1,648 1,519
Income (loss) before provision for income tax (24) (610)
Provision for income tax expense (benefit) (22) (245)
Net income (loss) (2) (365)
Comprehensive income (loss) $ (825) $ (217)