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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Net investment income $ 328 $ 397
Premiums 91 371
Other revenues 373 278
Total revenues 3,026 3,153
Banking and deposit interest expense 25 35
Total net revenues 3,001 3,118
Expenses    
Distribution expenses 995 900
Interest credited to fixed accounts 91 204
Benefits, claims, losses and settlement expenses (1,747) 670
Amortization of deferred acquisition costs 512 16
Interest and debt expense 46 53
General and administrative expense 753 805
Total expenses 650 2,648
Pretax income 2,351 470
Income tax provision 315 75
Net income $ 2,036 $ 395
Basic    
Net income (in dollars per share) $ 16.11 $ 2.85
Diluted    
Net income (in dollars per share) $ 15.88 $ 2.82
Management and financial advice fees [Member]    
Revenues    
Revenue from Contract with Customer, Including Assessed Tax $ 1,770 $ 1,627
Distribution fees [Member]    
Revenues    
Revenue from Contract with Customer, Including Assessed Tax $ 464 $ 480