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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Earnings Per Share, Basic $ (7.87)   $ (8.73)  
Revenues        
Premiums $ 236 $ 347 $ 630 $ 1,021
Universal life and investment-type product policy fees 1,025 976 2,935 2,843
Net investment income 761 869 2,309 2,422
Other revenues 93 49 329 481
Net investment gains (losses):        
Other-than-temporary impairments on fixed maturity securities 0 (1) (1) (19)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss) 0 (3) 0 (3)
Other net investment gains (losses) 21 30 (33) 7
Total net investment gains (losses) 21 26 (34) (15)
Net derivative gains (losses) (164) (501) (1,207) (3,181)
Total revenues 1,972 1,766 4,962 3,571
Expenses        
Policyholder benefits and claims 1,083 1,058 2,732 2,948
Interest credited to policyholder account balances 279 290 838 871
Goodwill, Impairment Loss 0 161 0 161
Amortization of deferred policy acquisition costs and value of business acquired 123 (10) (4) (45)
Other expenses 611 519 1,789 1,564
Total expenses 2,096 2,018 5,355 5,499
Income (loss) before provision for income tax (124) (252) (393) (1,928)
Provision for income tax expense (benefit) 819 (94) 653 (754)
Net income (loss) (943) (158) (1,046) (1,174)
Comprehensive income (loss) $ (1,529) $ (351) $ (1,003) $ (258)
Pro Forma        
Earnings Per Share, Basic   $ (1.32)   $ (9.80)