Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2018

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



	December 31, 2017
	Previously Reported		Effect of Change			As Adjusted
	(in millions)
Revenues
Management and financial advice fees	$	6,392	$	23		$	6,415
Distribution fees	1,770		(13		)	1,757
Net investment income	1,509		—			1,509
Premiums	1,394		—			1,394
Other revenues	1,010		95			1,105
Total revenues	12,075		105			12,180
Banking and deposit interest expense	48		—			48
Total net revenues	12,027		105			12,132
Expenses
Distribution expenses	3,399		(2		)	3,397
Interest credited to fixed accounts	656		—			656
Benefits, claims, losses and settlement expenses	2,233		—			2,233
Amortization of deferred acquisition costs	267		—			267
Interest and debt expense	207		—			207
General and administrative expense	3,051		107			3,158
Total expenses	9,813		105			9,918
Pretax income	2,214		—			2,214
Income tax provision	734		—			734
Net income	$	1,480	$	—		$	1,480



	December 31, 2016
	Previously Reported		Effect of Change			As Adjusted
	(in millions)
Revenues
Management and financial advice fees	$	5,778	$	24		$	5,802
Distribution fees	1,795		(14		)	1,781
Net investment income	1,576		—			1,576
Premiums	1,491		—			1,491
Other revenues	1,095		94			1,189
Total revenues	11,735		104			11,839
Banking and deposit interest expense	39		—			39
Total net revenues	11,696		104			11,800
Expenses
Distribution expenses	3,202		(2		)	3,200
Interest credited to fixed accounts	623		—			623
Benefits, claims, losses and settlement expenses	2,646		—			2,646
Amortization of deferred acquisition costs	415		—			415
Interest and debt expense	241		—			241
General and administrative expense	2,977		107			3,084
Total expenses	10,104		105			10,209
Pretax income	1,592		(1		)	1,591
Income tax provision	278		—			278
Net income	$	1,314	$	(1	)	$	1,313