XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Net investment income $ 366 $ 514 $ 1,235 $ 1,485
Fee income 237 280 746 810
Premiums 3 10 14 (2,431)
Broker-dealer commission revenue 0 1 1 2
Net realized capital gains (losses):        
Other than Temporary Impairment Losses, Investments (8) 0 (15) 0
Other net gains (losses) (62) (88) (373) 317
Total net gains (losses) (70) (88) (388) 317
Other revenue 8 8 36 25
Total revenues 544 725 1,644 208
Benefits and expenses:        
Interest credited and other benefits to contract owners/policyholders 181 206 574 (1,674)
Operating expenses 269 312 868 904
Broker-dealer commission expense 0 1 1 2
Net amortization of Deferred policy acquisition costs and Value of business acquired (29) 5 39 83
Total benefits and expenses 422 524 1,483 (685)
Income (loss) before income taxes 122 201 161 893
Income tax expense (benefit) 14 31 (1) 154
Net income (loss) 108 170 162 739
Net investment income 366 514 1,235 1,485
Fee income 237 280 746 810
Premiums 3 10 14 (2,431)
Broker-dealer commission revenue 0 1 1 2
Other than Temporary Impairment Losses, Investments 8 0 15 0
Other net gains (losses) (62) (88) (373) 317
Realized capital gains (losses) (70) (88) (388) 317
Other revenue 8 8 36 25
Revenues 544 725 1,644 208
Interest credited and other benefits to contract owners/policyholders 181 206 574 (1,674)
Operating expenses 269 312 868 904
Broker-dealer commission expense 0 1 1 2
Net amortization of Deferred policy acquisition costs and Value of business acquired (29) 5 39 83
Interest Expense 1 0 1 0
Benefits, Losses and Expenses 422 524 1,483 (685)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 122 201 161 893
Income tax expense (benefit) 14 31 (1) 154
Net income (loss) $ 108 $ 170 $ 162 $ 739