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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Net premiums $ 2,819 $ 2,738
Investment income, net of related expenses 594 580
Investment related gains (losses), net:    
Impairments and change in allowance for credit losses on fixed maturity securities (34) (9)
Other investment related gains (losses), net (251) 17
Total investment related gains (losses), net (285) 8
Other revenues 76 94
Total revenues 3,204 3,420
Benefits and Expenses:    
Claims and other policy benefits 2,664 2,508
Interest credited 146 133
Policy acquisition costs and other insurance expenses 248 312
Other operating expenses 195 202
Interest expense 41 40
Collateral finance and securitization expense 6 8
Total benefits and expenses 3,300 3,203
Income (loss) before income taxes (96) 217
Provision for income taxes (8) 47
Net income (loss) $ (88) $ 170
Earnings per share:    
Basic earnings per share $ (1.41) $ 2.70
Diluted earnings per share $ (1.41) $ 2.65