CONSOLIDATED CONDENSED STATEMENTS OF INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenues
Gross premiums and policy fees	$ 1,095	$ 896
Reinsurance ceded	(317)	(36)
Net premiums and policy fees	778	860
Net investment income	720	754
Realized gains (losses)	127	(301)
Other income	88	128
Total revenues	1,713	1,441
Benefits and expenses
Benefits and settlement expenses, net of reinsurance ceded: (2021 - $368; 2020 - $(31))	1,305	1,351
Amortization of deferred policy acquisition costs and value of business acquired	105	54
Other operating expenses, net of reinsurance ceded: (2021 - $53; 2020 - $60)	176	195
Total benefits and expenses	1,586	1,600
Income (loss) before income tax	127	(159)
Income tax expense (benefit)	25	(30)
Net income (loss)	$ 102	$ (129)