Basis of Presentation Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2018

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



	Three Months Ended September 30, 2017
	Previously Reported		Effect of Change			As Adjusted
	(in millions)
Revenues
Management and financial advice fees	$	1,626	$	13		$	1,639
Distribution fees	437		(2		)	435
Net investment income	372		—			372
Premiums	348		—			348
Other revenues	210		22			232
Total revenues	2,993		33			3,026
Banking and deposit interest expense	12		—			12
Total net revenues	2,981		33			3,014
Expenses
Distribution expenses	850		—			850
Interest credited to fixed accounts	176		—			176
Benefits, claims, losses and settlement expenses	474		—			474
Amortization of deferred acquisition costs	48		—			48
Interest and debt expense	52		—			52
General and administrative expense	753		28			781
Total expenses	2,353		28			2,381
Pretax income	628		5			633
Income tax provision	125		1			126
Net income	$	503	$	4		$	507



	Nine Months Ended September 30, 2017
	Previously Reported		Effect of Change			As Adjusted
	(in millions)
Revenues
Management and financial advice fees	$	4,669	$	25		$	4,694
Distribution fees	1,310		(9		)	1,301
Net investment income	1,154		—			1,154
Premiums	1,035		—			1,035
Other revenues	733		69			802
Total revenues	8,901		85			8,986
Banking and deposit interest expense	34		—			34
Total net revenues	8,867		85			8,952
Expenses
Distribution expenses	2,505		(1		)	2,504
Interest credited to fixed accounts	509		—			509
Benefits, claims, losses and settlement expenses	1,652		—			1,652
Amortization of deferred acquisition costs	189		—			189
Interest and debt expense	154		—			154
General and administrative expense	2,244		81			2,325
Total expenses	7,253		80			7,333
Pretax income	1,614		5			1,619
Income tax provision	315		1			316
Net income	$	1,299	$	4		$	1,303