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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Net investment income $ 382 $ 379
Fee income 174 190
Premiums 14 15
Broker-dealer commission revenue 41 44
Net realized capital gains (losses):    
Total other-than-temporary impairments (9) 0
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) 0 0
Net other-than-temporary impairments recognized in earnings (9) 0
Other net realized capital gains (losses) (78) (55)
Total net realized capital gains (losses) (87) (55)
Total revenues 524 573
Benefits and expenses:    
Interest credited and other benefits to contract owners/policyholders 198 235
Operating expenses 108 220
Broker-dealer commission expense 41 44
Net amortization of Deferred policy acquisition costs and Value of business acquired 65 2
Total benefits and expenses 412 501
Income (loss) before income taxes 112 72
Income tax expense (benefit) 25 18
Net income (loss) $ 87 $ 54