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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Segment Reporting Information, by Segment
 
 
Operating Results
Three Months Ended September 30, 2018
 
Annuities
 
Life
 
Run-off
 
Corporate & Other
 
Total
 
 
(In millions)
Pre-tax adjusted earnings
 
$
469

 
$
52

 
$
(135
)
 
$
(120
)
 
$
266

Provision for income tax expense (benefit)
 
81

 
10

 
(29
)
 
(30
)
 
32

Adjusted earnings
 
$
388

 
$
42

 
$
(106
)
 
$
(90
)
 
234

Adjustments for:
 
 
 
 
 
 
 
 
 
 
Net investment gains (losses)
 
 
 
 
 
 
 
 
 
(42
)
Net derivative gains (losses)
 
 
 
 
 
 
 
 
 
(665
)
Other adjustments to net income
 
 
 
 
 
 
 
 
 
34

Provision for income tax (expense) benefit
 
 
 
 
 
 
 
 
 
140

Net income (loss)
 
 
 
 
 
 
 
 
 
$
(299
)
 
 
 
 
 
 
 
 
 
 
 
Interest revenue
 
$
395

 
$
96

 
$
322

 
$
12

 
 
Interest expense
 
$
—

 
$
—

 
$
—

 
$
—

 
 
 
 
Operating Results
Three Months Ended September 30, 2017
 
Annuities
 
Life
 
Run-off
 
Corporate & Other
 
Total
 
 
(In millions)
Pre-tax adjusted earnings
 
$
441

 
$
(16
)
 
$
144

 
$
(58
)
 
$
511

Provision for income tax expense (benefit)
 
128

 
(11
)
 
41

 
1,057

 
1,215

Adjusted earnings
 
$
313

 
$
(5
)
 
$
103

 
$
(1,115
)
 
(704
)
Adjustments for:
 
 
 
 
 
 
 
 
 
 
Net investment gains (losses)
 
 
 
 
 
 
 
 
 
21

Net derivative gains (losses)
 
 
 
 
 
 
 
 
 
(162
)
Other adjustments to net income
 
 
 
 
 
 
 
 
 
(492
)
Provision for income tax (expense) benefit
 
 
 
 
 
 
 
 
 
648

Net income (loss)
 
 
 
 
 
 
 
 
 
$
(689
)
 
 
 
 
 
 
 
 
 
 
 
Interest revenue
 
$
306

 
$
76

 
$
349

 
$
20

 
 
Interest expense
 
$
—

 
$
(4
)
 
$
4

 
$
—

 
 
 
 
Operating Results
Nine Months Ended September 30, 2018
 
Annuities
 
Life
 
Run-off
 
Corporate & Other
 
Total
 
 
(In millions)
Pre-tax adjusted earnings
 
$
979

 
$
142

 
$
(79
)
 
$
(175
)
 
$
867

Provision for income tax expense (benefit)
 
168

 
28

 
(18
)
 
(53
)
 
125

Adjusted earnings
 
$
811

 
$
114

 
$
(61
)
 
$
(122
)
 
742

Adjustments for:
 
 
 
 
 
 
 
 
 
 
Net investment gains (losses)
 
 
 
 
 
 
 
 
 
(120
)
Net derivative gains (losses)
 
 
 
 
 
 
 
 
 
(1,230
)
Other adjustments to net income
 
 
 
 
 
 
 
 
 
(177
)
Provision for income tax (expense) benefit
 
 
 
 
 
 
 
 
 
320

Net income (loss)
 
 
 
 
 
 
 
 
 
$
(465
)
 
 
 
 
 
 
 
 
 
 
 
Interest revenue
 
$
1,128

 
$
276

 
$
979

 
$
29

 
 
Interest expense
 
$
—

 
$
—

 
$
—

 
$
2

 
 
 
 
Operating Results
Nine Months Ended September 30, 2017
 
Annuities
 
Life
 
Run-off
 
Corporate & Other
 
Total
 
 
(In millions)
Pre-tax adjusted earnings
 
$
970

 
$
(58
)
 
$
(340
)
 
$
(43
)
 
$
529

Provision for income tax expense (benefit)
 
260

 
(27
)
 
(130
)
 
1,054

 
1,157

Adjusted earnings
 
$
710

 
$
(31
)
 
$
(210
)
 
$
(1,097
)
 
(628
)
Adjustments for:
 
 
 
 
 
 
 
 
 
 
Net investment gains (losses)
 
 
 
 
 
 
 
 
 
(34
)
Net derivative gains (losses)
 
 
 
 
 
 
 
 
 
(1,064
)
Other adjustments to net income
 
 
 
 
 
 
 
 
 
(618
)
Provision for income tax (expense) benefit
 
 
 
 
 
 
 
 
 
1,026

Net income (loss)
 
 
 
 
 
 
 
 
 
$
(1,318
)
 
 
 
 
 
 
 
 
 
 
 
Interest revenue
 
$
938

 
$
230

 
$
1,061

 
$
122

 
 
Interest expense
 
$
—

 
$
(4
)
 
$
23

 
$
37

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

September 30, 2018

December 31, 2017

(In millions)
Annuities
$
147,374

 
$
149,920

Life
14,805

 
13,044

Run-off
31,684

 
36,719

Corporate & Other
11,105

 
12,362

Total
$
204,968


$
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 
 September 30,
 
Nine Months Ended 
 September 30,
 
 
2018
 
2017
 
2018
 
2017
 
 
(In millions)
Annuities
 
$
995

 
$
901

 
$
2,957

 
$
2,789

Life
 
307

 
288

 
885

 
774

Run-off
 
536

 
549

 
1,594

 
1,634

Corporate & Other
 
41

 
48

 
108

 
203

Adjustments
 
(641
)
 
(92
)
 
(1,172
)
 
(1,016
)
Total
 
$
1,238

 
$
1,694

 
$
4,372

 
$
4,384