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Consolidated Statements Of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Insurance premiums $ 1,342 $ 1,398 $ 2,715 $ 2,845
Fee income 1,458 1,517 2,997 2,991
Net investment income 1,172 1,355 2,547 2,606
Realized gain (loss):        
Total other-than-temporary impairment losses on securities   (4)   (27)
Portion of loss recognized in other comprehensive income 15
Net other-than-temporary impairment losses on securities recognized in earnings   (4)   (12)
Realized gain (loss), excluding other-than-temporary impairment losses on securities (647) (113) (671) (468)
Total realized gain (loss) (647) (117) (671) (480)
Amortization of deferred gain on business sold through reinsurance 11 8 22 15
Other revenues 181 149 332 298
Total revenues 3,517 4,310 7,942 8,275
Expenses        
Interest credited 732 680 1,457 1,358
Benefits 1,725 1,852 4,227 3,610
Commissions and other expenses 1,123 1,272 2,207 2,446
Interest and debt expense 84 70 152 141
Strategic digitization expense 14 15 26 31
Total expenses 3,678 3,889 8,069 7,586
Income (loss) before taxes (161) 421 (127) 689
Federal income tax expense (benefit) (67) 58 (85) 73
Net income (loss) (94) 363 (42) 616
Other comprehensive income (loss), net of tax 4,319 1,883 1,650 3,929
Comprehensive income (loss) $ 4,225 $ 2,246 $ 1,608 $ 4,545
Net Income (Loss) Per Common Share        
Basic (in dollars per share) $ (0.49) $ 1.80 $ (0.22) $ 3.03
Diluted (in dollars per share) (0.49) 1.79 (0.27) 3.01
Cash Dividends Declared Per Common Share $ 0.40 $ 0.37 $ 0.80 $ 0.74