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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Management and financial advice fees $ 1,669 $ 1,487
Distribution fees 468 441
Net investment income 396 391
Premiums 343 339
Other revenues 308 278
Total revenues 3,184 2,936
Banking and deposit interest expense 16 10
Total net revenues 3,168 2,926
Expenses    
Distribution expenses 905 823
Interest credited to fixed accounts 141 162
Benefits, claims, losses and settlement expenses 494 567
Amortization of deferred acquisition costs 92 72
Interest and debt expense 51 50
General and administrative expense 789 777
Total expenses 2,472 2,451
Pretax income 696 475
Income tax provision 102 72
Net income $ 594 $ 403
Basic    
Net income (in dollars per share) $ 3.97 $ 2.56
Diluted    
Net income (in dollars per share) 3.91 2.52
Cash dividends declared per common share (in dollars per share) $ 0.83 $ 0.75
Supplemental Disclosures    
Total other-than-temporary impairment losses on securities $ 0 $ (1)
Portion of loss recognized in other comprehensive income (before taxes) 0 0
Net impairment losses recognized in net investment income $ 0 $ (1)