XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Net investment income $ 420 $ 482 $ 869 $ 971
Fee income 246 271 509 530
Premiums 3 6 11 (2,441)
Broker-dealer commission revenue 1 0 1 1
Net realized capital gains (losses):        
Other than Temporary Impairment Losses, Investments (2) 0 (7) 0
Other net gains (losses) (134) (35) (311) 405
Total net gains (losses) (136) (35) (318) 405
Other revenue 17 10 28 17
Total revenues 551 734 1,100 (517)
Benefits and expenses:        
Interest credited and other benefits to contract owners/policyholders 196 176 393 (1,880)
Operating expenses 303 307 599 592
Broker-dealer commission expense 1 0 1 1
Net amortization of Deferred policy acquisition costs and Value of business acquired 37 29 68 78
Total benefits and expenses 537 512 1,061 (1,209)
Income (loss) before income taxes 14 222 39 692
Income tax expense (benefit) (8) 36 (15) 123
Net income (loss) 22 186 54 569
Net investment income 420 482 869 971
Fee income 246 271 509 530
Premiums 3 6 11 (2,441)
Broker-dealer commission revenue 1 0 1 1
Other than Temporary Impairment Losses, Investments 2 0 7 0
Other net gains (losses) (134) (35) (311) 405
Realized capital gains (losses) (136) (35) (318) 405
Other revenue 17 10 28 17
Revenues 551 734 1,100 (517)
Interest credited and other benefits to contract owners/policyholders 196 176 393 (1,880)
Operating expenses 303 307 599 592
Broker-dealer commission expense 1 0 1 1
Net amortization of Deferred policy acquisition costs and Value of business acquired 37 29 68 78
Benefits, Losses and Expenses 537 512 1,061 (1,209)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 14 222 39 692
Income tax expense (benefit) (8) 36 (15) 123
Net income (loss) $ 22 $ 186 $ 54 $ 569