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Condensed Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Net investment income $ 1,523,000,000 $ 1,619,000,000 $ 1,949,000,000
Fee income 993,000,000 979,000,000 1,088,000,000
Net realized capital gains (losses):      
Realized capital gains (losses) (134,000,000) (429,000,000) 166,000,000
Benefits and expenses:      
Net amortization of Deferred policy acquisition costs and Value of business acquired 76,000,000 81,000,000 112,000,000
Interest expense 3,000,000 1,000,000 0
Total benefits and expenses 2,029,000,000 1,944,000,000 (159,000,000)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 400,000,000 282,000,000 952,000,000
Income tax expense (benefit) 13,000,000 (51,000,000) 156,000,000
Net income (loss) 387,000,000 333,000,000 796,000,000
Premiums 29,000,000 16,000,000 (2,450,000,000)
Other Nonoperating Income (Expense) 18,000,000 41,000,000 40,000,000
Revenues 2,429,000,000 2,226,000,000 793,000,000
Interest credited and other benefits to contract owners/policyholders 817,000,000 730,000,000 (1,485,000,000)
Operating expenses $ 1,133,000,000 $ 1,132,000,000 $ 1,214,000,000