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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Revenues:    
Net investment income $ 439,000,000  
Fee income 222,000,000 $ 205,000,000
Premiums 5,000,000 9,000,000
Broker-dealer commission revenue 1,000,000 1,000,000
Net realized capital gains (losses):    
Total impairments (7,000,000) (20,000,000)
Other net realized capital gains (losses) (85,000,000)  
Total net realized capital gains (losses) (92,000,000) (24,000,000)
Other revenue (1,000,000) 6,000,000
Total revenues 574,000,000 591,000,000
Benefits and expenses:    
Interest credited and other benefits to contract owners/policyholders 209,000,000 255,000,000
Operating expenses 298,000,000 285,000,000
Broker-dealer commission expense 1,000,000 1,000,000
Net amortization of Deferred policy acquisition costs and Value of business acquired 37,000,000 6,000,000
Total benefits and expenses 545,000,000 547,000,000
Income (loss) before income taxes 29,000,000 44,000,000
Income tax expense (benefit) (5,000,000) (1,000,000)
Net income (loss) $ 34,000,000 $ 45,000,000