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Condensed Consolidated Statements of Income (Parenthetical) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Premiums $ 355 $ 787 $ 1,495 $ 2,787
Product charges 141 132 281 257
Investment income     2,337 2,454
Investment expense     256 190
Investment related gains (losses) 2,548 1,313 (1,024) 3,089
Interest sensitive contract benefits 2,076 1,094 757 2,610
Future policy and other policy benefits 674 1,111 2,030 3,440
Amortization of deferred acquisition costs and value of business acquired 361 261 (52) 492
Net investment income 1,336 1,182 2,081 2,264
Policy and other operating expenses 218 185 406 350
Related Party        
Premiums 94 56 163 122
Product charges 12 14 28 28
Investment income 490 154 276 353
Investment expense 123 94 251 186
Investment related gains (losses) 761 431 130 752
Interest sensitive contract benefits 197 114 100 297
Future policy and other policy benefits 142 91 192 197
Policy and other operating expenses 11 $ 12 $ 27 $ 20
Common Class B        
Basic (in USD per share)   $ 3.76 $ (3.87) $ 7.43
Common Class M-1        
Basic (in USD per share)   3.76 (3.87) 7.43
Common Class M-2        
Basic (in USD per share)   3.76 (3.87) 7.43
Common Class M-3        
Basic (in USD per share)   3.76 (3.87) 7.43
Common Class M-4        
Basic (in USD per share)   $ 3.76 $ (3.87) $ 7.43
Variable Interest Entities        
Investment related gains (losses) (7) $ 3 $ (6) $ 8
Net investment income $ 16 $ 21 $ 16 $ 37