Basis of Presentation Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2018

The following tables present the impact to the consolidated statements of operations for the prior periods presented:



	Three Months Ended June 30, 2017
	Previously Reported		Effect of Change			As Adjusted
	(in millions)
Revenues
Management and financial advice fees	$	1,561	$	7		$	1,568
Distribution fees	430		(5		)	425
Net investment income	391		—			391
Premiums	348		—			348
Other revenues	267		25			292
Total revenues	2,997		27			3,024
Banking and deposit interest expense	12		—			12
Total net revenues	2,985		27			3,012
Expenses
Distribution expenses	832		(1		)	831
Interest credited to fixed accounts	171		—			171
Benefits, claims, losses and settlement expenses	611		—			611
Amortization of deferred acquisition costs	69		—			69
Interest and debt expense	52		—			52
General and administrative expense	739		28			767
Total expenses	2,474		27			2,501
Pretax income	511		—			511
Income tax provision	118		—			118
Net income	$	393	$	—		$	393



	Six Months Ended June 30, 2017
	Previously Reported		Effect of Change			As Adjusted
	(in millions)
Revenues
Management and financial advice fees	$	3,043	$	12		$	3,055
Distribution fees	873		(7		)	866
Net investment income	782		—			782
Premiums	687		—			687
Other revenues	523		47			570
Total revenues	5,908		52			5,960
Banking and deposit interest expense	22		—			22
Total net revenues	5,886		52			5,938
Expenses
Distribution expenses	1,655		(1		)	1,654
Interest credited to fixed accounts	333		—			333
Benefits, claims, losses and settlement expenses	1,178		—			1,178
Amortization of deferred acquisition costs	141		—			141
Interest and debt expense	102		—			102
General and administrative expense	1,491		53			1,544
Total expenses	4,900		52			4,952
Pretax income	986		—			986
Income tax provision	190		—			190
Net income	$	796	$	—		$	796