XML 101 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Net investment income $ 1,683 $ 1,251 $ 1,463
Premiums, policy and contract charges 273 1,395 2,224
Other revenues 382 283 269
Gain on disposal of business     213
Total revenues 13,443 11,958 13,103
Banking and deposit interest expense 12 59 136
Total net revenues 13,431 11,899 12,967
Expenses      
Distribution expenses 5,015 4,059 3,810
Interest credited to fixed accounts 600 644 669
Benefits, claims, losses and settlement expenses 716 1,806 2,576
Amortization of deferred acquisition costs 124 277 179
Interest and debt expense 191 162 214
General and administrative expense 3,435 3,120 3,287
Total expenses 10,081 10,068 10,735
Pretax income 3,350 1,831 2,232
Income tax provision 590 297 339
Net income $ 2,760 $ 1,534 $ 1,893
Earnings Per Share, Basic:      
Net income (in dollars per basic share) $ 23.53 $ 12.39 $ 14.12
Earnings Per Share, Diluted:      
Net income (in dollars per diluted share) $ 23.00 $ 12.20 $ 13.92
Management and financial advice fees      
Revenues      
Revenue from contracts with customers $ 9,275 $ 7,368 $ 7,015
Distribution fees      
Revenues      
Revenue from contracts with customers $ 1,830 $ 1,661 $ 1,919