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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Net investment income $ 384 $ 449
Fee income 237 263
Premiums 3 3
Other revenue 6 11
Total revenues 605 544
Benefits and expenses:    
Interest credited and other benefits to contract owners/policyholders 184 176
Operating expenses 303 296
Net amortization of Deferred policy acquisition costs and Value of business acquired 19 21
Total benefits and expenses 506 493
Income tax expense (benefit) 9 (1)
Net income (loss) 90 52
Net investment income 384 449
Fee income 237 263
Premiums 3 3
Realized capital gains (losses) (25) (182)
Other revenue 6 11
Revenues 605 544
Interest credited and other benefits to contract owners/policyholders 184 176
Operating expenses 303 296
Net amortization of Deferred policy acquisition costs and Value of business acquired 19 21
Benefits, Losses and Expenses 506 493
Income tax expense (benefit) 9 (1)
Net income (loss) 90 52
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $ 99 $ 51