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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Premiums $ 228 $ 337 $ 607 $ 990
Universal life and investment-type product policy fees 811 801 2,381 2,324
Net investment income 732 842 2,231 2,349
Other revenues 64 54 263 491
Net investment gains (losses):        
Other-than-temporary impairments on fixed maturity securities 0 (2) (1) (19)
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, before Tax, Including Portion Attributable to Noncontrolling Interest, Available-for-sale Securities 0 (2) 0 (3)
Other net investment gains (losses) 21 30 (33) 8
Total net investment gains (losses) 21 26 (34) (14)
Net derivative gains (losses) (162) (502) (1,064) (3,229)
Total revenues 1,694 1,558 4,384 2,911
Expenses        
Policyholder benefits and claims 1,051 1,039 2,721 2,868
Interest credited to policyholder account balances 269 281 811 845
Goodwill, Impairment Loss 0 381 0 381
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Amortization 50 220 697 (129)
Other expenses 446 423 1,342 1,268
Total expenses 1,816 2,344 5,571 5,233
Income (loss) before provision for income tax (122) (786) (1,187) (2,322)
Provision for income tax expense (benefit) 567 (222) 131 (830)
Net income (loss) (689) (564) (1,318) (1,492)
Comprehensive income (loss) $ (1,285) $ (876) $ (1,301) $ (587)