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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Net investment income $ 261 $ 377
Premiums, policy and contract charges 368 347
Other revenues 123 71
Total revenues 3,657 3,355
Banking and deposit interest expense 2 5
Total net revenues 3,655 3,350
Expenses    
Distribution expenses 1,297 1,175
Interest credited to fixed accounts 141 159
Benefits, claims, losses and settlement expenses 211 653
Amortization of deferred acquisition costs 96 5
Interest and debt expense 40 42
General and administrative expense 947 823
Total expenses 2,732 2,857
Pretax income 923 493
Income tax provision 162 56
Net income $ 761 $ 437
Earnings per share    
Basic (in dollars per share) $ 6.69 $ 3.65
Diluted (in dollars per share) $ 6.55 $ 3.58
Management and financial advice fees    
Revenues    
Revenue from contracts with customers $ 2,459 $ 2,102
Distribution fees    
Revenues    
Revenue from contracts with customers $ 446 $ 458