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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Net investment income $ 449 $ 489
Fee income 263 259
Premiums 8 (2,447)
Broker-dealer commission revenue 0 1
Net realized capital gains (losses):    
Other than Temporary Impairment Losses, Investments (5) 0
Other net gains (losses) (177) 440
Total net gains (losses) (182) 440
Other revenue 11 7
Total revenues 549 (1,251)
Benefits and expenses:    
Interest credited and other benefits to contract owners/policyholders 197 (2,056)
Operating expenses 296 285
Broker-dealer commission expense 0 1
Net amortization of Deferred policy acquisition costs and Value of business acquired 31 49
Total benefits and expenses 524 (1,721)
Income (loss) before income taxes 25 470
Income tax expense (benefit) (7) 87
Net income (loss) 32 383
Net investment income 449 489
Fee income 263 259
Premiums 8 (2,447)
Broker-dealer commission revenue 0 1
Other than Temporary Impairment Losses, Investments 5 0
Other net gains (losses) (177) 440
Realized capital gains (losses) (182) 440
Other revenue 11 7
Revenues 549 (1,251)
Interest credited and other benefits to contract owners/policyholders 197 (2,056)
Operating expenses 296 285
Broker-dealer commission expense 0 1
Net amortization of Deferred policy acquisition costs and Value of business acquired 31 49
Benefits, Losses and Expenses 524 (1,721)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 25 470
Income tax expense (benefit) (7) 87
Net income (loss) $ 32 $ 383