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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues                      
Premiums                 $ 900 $ 863 $ 1,222
Universal life and investment-type product policy fees                 3,835 3,898 3,782
Net investment income                 3,338 3,078 3,207
Other revenues                 397 651 736
Net investment gains (losses)                 (207) (28) (78)
Net derivative gains (losses)                 702 (1,620) (5,851)
Total revenues $ 4,026 $ 1,422 $ 1,702 $ 1,815 $ 1,880 $ 1,972 $ 2,025 $ 965 8,965 6,842 3,018
Expenses                      
Policyholder benefits and claims                 3,272 3,636 3,903
Interest credited to policyholder account balances                 1,079 1,111 1,165
Amortization of DAC and VOBA                 1,050 227 371
Other expenses                 2,575 2,483 2,284
Total expenses 2,239 1,790 2,019 1,928 2,102 2,096 1,704 1,555 7,976 7,457 7,723
Income (loss) before provision for income tax                 989 (615) (4,705)
Provision for income tax expense (benefit)                 119 (237) (1,766)
Net income (loss) 1,442 (269) (238) (65) 668 (943) 246 (349) 870 (378) (2,939)
Less: Net income (loss) attributable to noncontrolling interests 0 2 1 2 0 0 0 0 5 0 0
Net income (loss) available to common shareholders $ 1,442 $ (271) $ (239) $ (67) $ 668 $ (943) $ 246 $ (349) $ 865 $ (378) $ (2,939)
Earnings per common share                      
Basic $ 12.18 $ (2.26) $ (2.01) $ (0.56) $ 5.57 $ (7.87) $ 2.05 $ (2.91) $ 7.24 $ (3.16) $ (24.54)
Diluted $ 12.14 $ (2.26) $ (2.01) $ (0.56) $ 5.57 $ (7.87) $ 2.05 $ (2.91) $ 7.21 $ (3.16) $ (24.54)