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Condensed Consolidated Statements of Income (Loss) (Parenthetical) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Premiums $ 112 $ 2,688 $ 1,607 $ 5,475
Product charges 144 135 425 392
Investment income     3,660 3,673
Investment expense     370 319
Investment related gains (losses) 1,797 665 773 3,754
Interest sensitive contract benefits 1,225 801 1,982 3,411
Future policy and other policy benefits 439 2,955 2,469 6,395
Amortization of deferred acquisition costs and value of business acquired 299 323 247 815
Net investment income 1,209 1,090 3,290 3,354
Policy and other operating expenses 231 194 637 544
Related Party        
Premiums 71 51 234 173
Product charges 13 14 41 42
Investment income 239 175 515 528
Investment expense 111 127 362 313
Investment related gains (losses) 299 273 429 1,025
Interest sensitive contract benefits 43 97 143 394
Future policy and other policy benefits 106 70 298 267
Policy and other operating expenses 14 $ 10 $ 41 $ 30
Common Class B        
Basic (in USD per share)   $ 1.50 $ (3.87) $ 8.97
Common Class M-1        
Basic (in USD per share)   1.50 (3.87) 8.97
Common Class M-2        
Basic (in USD per share)   1.50 (3.87) 8.97
Common Class M-3        
Basic (in USD per share)   1.50 (3.87) 8.97
Common Class M-4        
Basic (in USD per share)   $ 1.50 $ (3.87) $ 8.97
Variable Interest Entities        
Investment related gains (losses) 26 $ 2 $ 20 $ 10
Net investment income $ 18 $ 20 $ 34 $ 57