XML 163 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF OPERATIONS Consolidated Statement of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues [Abstract]      
Net investment income $ 1,463 $ 1,596 $ 1,509
Premiums 1,214 1,426 1,394
Other revenues 1,279 1,249 1,105
Gain on disposal of business 213 0 0
Total revenues 13,103 12,924 12,180
Banking and deposit interest expense 136 89 48
Total net revenues 12,967 12,835 12,132
Expenses      
Distribution expenses 3,810 3,637 3,397
Interest credited to fixed accounts 669 674 656
Benefits, claims, losses and settlement expenses 2,576 2,302 2,233
Amortization of deferred acquisition costs 179 322 267
Interest and debt expense 214 245 207
General and administrative expense 3,287 3,171 3,158
Total expenses 10,735 10,351 9,918
Income from continuing operations before income tax provision 2,232 2,484 2,214
Income tax provision 339 386 734
Net income $ 1,893 $ 2,098 $ 1,480
Earnings Per Share, Basic:      
Net income (in dollars per basic share) $ 14.12 $ 14.41 $ 9.60
Earnings Per Share, Diluted:      
Net income (in dollars per diluted share) $ 13.92 $ 14.20 $ 9.44
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale [Abstract]      
Total other-than-temporary impairment losses on securities $ (29)   $ (1)
Portion of loss recognized in other comprehensive income (loss) (before taxes) 7 $ 0 0
Net impairment losses recognized in net investment income (22)   (1)
Management and financial advice fees [Member]      
Revenues [Abstract]      
Revenue from Contract with Customer, Including Assessed Tax 7,015 6,776 6,415
Distribution fees [Member]      
Revenues [Abstract]      
Revenue from Contract with Customer, Including Assessed Tax $ 1,919 $ 1,877 $ 1,757