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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Net investment income $ 394 $ 382
Fee income 165 174
Premiums 9 14
Broker-dealer commission revenue 1 41
Net realized capital gains (losses):    
Total other-than-temporary impairments (20) (9)
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) 0 0
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net 20 9
Other net realized capital gains (losses) (4) (78)
Total net realized capital gains (losses) (24) (87)
Other revenue 4 0
Total revenues 549 524
Benefits and expenses:    
Interest credited and other benefits to contract owners/policyholders 255 198
Operating expenses 217 108
Broker-dealer commission expense 1 41
Net amortization of Deferred policy acquisition costs and Value of business acquired 6 65
Total benefits and expenses 479 412
Income (loss) before income taxes 70 112
Income tax expense (benefit) 5 25
Net income (loss) $ 65 $ 87