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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Premiums $ 869 $ 828 $ 1,180
Universal life and investment-type product policy fees 3,190 3,156 3,097
Net investment income 3,235 2,973 3,111
Other revenues 287 336 709
Net investment gains (losses)      
Gain (Loss) on Investments (204) (27) (67)
Net derivative gains (losses) 745 (1,468) (5,770)
Total revenues 8,122 5,798 2,260
Expenses      
Policyholder benefits and claims 3,180 3,594 3,738
Interest credited to policyholder account balances 1,047 1,076 1,131
Amortization of DAC and VOBA Charged to Other Expenses 1,011 916 (225)
Other expenses 1,763 1,833 2,081
Total expenses 7,001 7,419 6,725
Income (loss) before provision for income tax 1,121 (1,621) (4,465)
Provision for income tax expense (benefit) 153 (738) (1,690)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 968 (883) (2,775)
Net Income (Loss) Attributable to Noncontrolling Interest 1 0 0
Net Income (Loss) Attributable to Parent $ 967 $ (883) $ (2,775)