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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Premiums $ 921 $ 1,433 $ 1,152
Universal life and investment-type product policy fees 2,696 2,940 3,193
Net investment income 2,712 2,615 2,669
Other revenues 761 504 539
Net investment gains (losses):      
Other-than-temporary impairments on fixed maturity securities (16) (16) (6)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss) (3) (9) (6)
Other net investment gains (losses) (13) 61 (457)
Total net investment gains (losses) (32) 36 (469)
Net derivative gains (losses) (5,878) (424) (181)
Total revenues 1,180 7,104 6,903
Expenses      
Policyholder benefits and claims 2,984 2,696 2,764
Interest credited to policyholder account balances 957 1,037 1,062
Goodwill impairment 381 0 33
Amortization of DAC and VOBA Charged to Other Expenses (172) 595 990
Other expenses 1,738 1,722 1,764
Total expenses 5,888 6,050 6,613
Income (loss) before provision for income tax (4,708) 1,054 290
Provision for income tax expense (benefit) (1,771) 215 (5)
Net income (loss) $ (2,937) $ 839 $ 295