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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Segment Reporting Information, by Segment
 
 
Operating Results
Three Months Ended June 30, 2018
 
Annuities
 
Life
 
Run-off
 
Corporate & Other
 
Total
 
 
(In millions)
Pre-tax adjusted earnings
 
$
255

 
$
26

 
$
(8
)
 
$
(38
)
 
$
235

Provision for income tax expense (benefit)
 
43

 
6

 
(2
)
 
(14
)
 
33

Adjusted earnings
 
$
212

 
$
20

 
$
(6
)
 
$
(24
)
 
202

Adjustments for:
 
 
 
 
 
 
 
 
 
 
Net investment gains (losses)
 
 
 
 
 
 
 
 
 
(74
)
Net derivative gains (losses)
 
 
 
 
 
 
 
 
 
(278
)
Other adjustments to net income
 
 
 
 
 
 
 
 
 
(112
)
Provision for income tax (expense) benefit
 
 
 
 
 
 
 
 
 
98

Net income (loss)
 
 
 
 
 
 
 
 
 
$
(164
)
 
 
 
 
 
 
 
 
 
 
 
Interest revenue
 
$
374

 
$
92

 
$
314

 
$
7

 
 
Interest expense
 
$
—

 
$
—

 
$
—

 
$
1

 
 
 
 
Operating Results
Three Months Ended June 30, 2017
 
Annuities
 
Life
 
Run-off
 
Corporate & Other
 
Total
 
 
(In millions)
Pre-tax adjusted earnings
 
$
264

 
$
84

 
$
(597
)
 
$
(12
)
 
$
(261
)
Provision for income tax expense (benefit)
 
65

 
16

 
(196
)
 
(7
)
 
(122
)
Adjusted earnings
 
$
199

 
$
68

 
$
(401
)
 
$
(5
)
 
(139
)
Adjustments for:
 
 
 
 
 
 
 
 
 
 
Net investment gains (losses)
 
 
 
 
 
 
 
 
 
—

Net derivative gains (losses)
 
 
 
 
 
 
 
 
 
(89
)
Other adjustments to net income
 
 
 
 
 
 
 
 
 
(105
)
Provision for income tax (expense) benefit
 
 
 
 
 
 
 
 
 
69

Net income (loss)
 
 
 
 
 
 
 
 
 
$
(264
)
 
 
 
 
 
 
 
 
 
 
 
Interest revenue
 
$
308

 
$
74

 
$
338

 
$
46

 
 
Interest expense
 
$
—

 
$
—

 
$
4

 
$
19

 
 
 
 
Operating Results
Six Months Ended June 30, 2018
 
Annuities
 
Life
 
Run-off
 
Corporate & Other
 
Total
 
 
(In millions)
Pre-tax adjusted earnings
 
$
510

 
$
90

 
$
56

 
$
(55
)
 
$
601

Provision for income tax expense (benefit)
 
87

 
18

 
11

 
(23
)
 
93

Adjusted earnings
 
$
423

 
$
72

 
$
45

 
$
(32
)
 
508

Adjustments for:
 
 
 
 
 
 
 
 
 
 
Net investment gains (losses)
 
 
 
 
 
 
 
 
 
(78
)
Net derivative gains (losses)
 
 
 
 
 
 
 
 
 
(565
)
Other adjustments to net income
 
 
 
 
 
 
 
 
 
(211
)
Provision for income tax (expense) benefit
 
 
 
 
 
 
 
 
 
180

Net income (loss)
 
 
 
 
 
 
 
 
 
$
(166
)
 
 
 
 
 
 
 
 
 
 
 
Interest revenue
 
$
733

 
$
180

 
$
657

 
$
17

 
 
Interest expense
 
$
—

 
$
—

 
$
—

 
$
2

 
 
 
 
Operating Results
Six Months Ended June 30, 2017
 
Annuities
 
Life
 
Run-off
 
Corporate & Other
 
Total
 
 
(In millions)
Pre-tax adjusted earnings
 
$
529

 
$
(42
)
 
$
(484
)
 
$
15

 
$
18

Provision for income tax expense (benefit)
 
132

 
(16
)
 
(171
)
 
(3
)
 
(58
)
Adjusted earnings
 
$
397

 
$
(26
)
 
$
(313
)
 
$
18

 
76

Adjustments for:
 
 
 
 
 
 
 
 
 
 
Net investment gains (losses)
 
 
 
 
 
 
 
 
 
(55
)
Net derivative gains (losses)
 
 
 
 
 
 
 
 
 
(902
)
Other adjustments to net income
 
 
 
 
 
 
 
 
 
(126
)
Provision for income tax (expense) benefit
 
 
 
 
 
 
 
 
 
378

Net income (loss)
 
 
 
 
 
 
 
 
 
$
(629
)
 
 
 
 
 
 
 
 
 
 
 
Interest revenue
 
$
632

 
$
154

 
$
712

 
$
102

 
 
Interest expense
 
$
—

 
$
—

 
$
19

 
$
37

 
 
The following table presents total assets with respect to the Company’s segments, as well as Corporate & Other, at:

June 30, 2018

December 31, 2017

(In millions)
Annuities
$
146,905

 
$
149,920

Life
14,192

 
13,044

Run-off
32,458

 
36,719

Corporate & Other
11,024

 
12,362

Total
$
204,579


$
212,045
Reconciliation of Revenue from Segments to Consolidated
The following table presents total revenues with respect to the Company’s segments, as well as Corporate & Other:
 
 
Three Months
Ended   
June 30,
 
Six Months 
 Ended 
 June 30,
 
 
2018
 
2017
 
2018
 
2017
 
 
(In millions)
Annuities
 
$
985

 
$
960

 
$
1,962

 
$
1,888

Life
 
278

 
265

 
578

 
486

Run-off
 
509

 
531

 
1,058

 
1,085

Corporate & Other
 
31

 
73

 
67

 
155

Adjustments
 
(293
)
 
(48
)
 
(531
)
 
(924
)
Total
 
$
1,510

 
$
1,781

 
$
3,134

 
$
2,690