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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Net investment income $ 397 $ 396
Premiums 371 343
Other revenues 278 308
Total revenues 3,153 3,184
Banking and deposit interest expense 35 16
Total net revenues 3,118 3,168
Expenses    
Distribution expenses 900 905
Interest credited to fixed accounts 204 141
Benefits, claims, losses and settlement expenses 670 494
Amortization of deferred acquisition costs 16 92
Interest and debt expense 53 51
General and administrative expense 805 789
Total expenses 2,648 2,472
Income from continuing operations before income tax provision 470 696
Income tax provision 75 102
Net income $ 395 $ 594
Basic    
Net income (in dollars per share) $ 2.85 $ 3.97
Diluted    
Net income (in dollars per share) $ 2.82 $ 3.91
Supplemental Disclosures    
Total other-than-temporary impairment losses on securities $ (12) $ 0
Portion of loss recognized in other comprehensive income (before taxes) 7 0
Net impairment losses recognized in net investment income (5) 0
Management and financial advice fees [Member]    
Revenues    
Revenue from Contract with Customer, Including Assessed Tax 1,627 1,669
Distribution fees [Member]    
Revenues    
Revenue from Contract with Customer, Including Assessed Tax $ 480 $ 468