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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2017
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:        
Net investment income   $ 1,689,000,000 $ 1,623,000,000 $ 1,520,000,000
Fee income   877,000,000 875,000,000 857,000,000
Premiums   31,000,000 41,000,000 48,000,000
Broker-dealer commission revenue   2,000,000 69,000,000 170,000,000
Net realized capital gains (losses):        
Total other-than-temporary impairments   (41,000,000) (18,000,000) (19,000,000)
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)   2,000,000 2,000,000 (7,000,000)
Net other-than-temporary impairments recognized in earnings   (43,000,000) (20,000,000) (12,000,000)
Other net realized capital gains (losses)   (101,000,000) (222,000,000) (188,000,000)
Total net realized capital gains (losses)   (144,000,000) (242,000,000) (200,000,000)
Other revenue   14,000,000 19,000,000 3,000,000
Total revenues   2,469,000,000 2,385,000,000 2,398,000,000
Benefits and expenses:        
Interest credited and other benefits to contract owners/policyholders   1,013,000,000 828,000,000 958,000,000
Operating expenses   1,056,000,000 894,000,000 1,022,000,000
Broker-dealer commission expense   2,000,000 69,000,000 170,000,000
Net amortization of Deferred policy acquisition costs and Value of business acquired   65,000,000 86,000,000 233,000,000
Interest expense $ 1,000,000 1,000,000 2,000,000  
Total benefits and expenses   2,137,000,000 1,879,000,000 2,384,000,000
Income (loss) before income taxes   332,000,000 506,000,000 14,000,000
Income tax expense (benefit)   32,000,000 61,000,000 (101,000,000)
Net income (loss)   $ 300,000,000 $ 445,000,000 $ 115,000,000