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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Net investment income $ 349 $ 773 $ 897 $ 1,428
Premiums, policy and contract charges 361 (805) 1,094 (94)
Other revenues 118 113 365 259
Total revenues 3,506 2,906 10,674 9,681
Banking and deposit interest expense 15 3 20 10
Total net revenues 3,491 2,903 10,654 9,671
Expenses        
Distribution expenses 1,195 1,285 3,728 3,693
Interest credited to fixed accounts 157 172 443 455
Benefits, claims, losses and settlement expenses 370 (719) 663 338
Amortization of deferred acquisition costs 107 9 355 77
Interest and debt expense 52 64 136 149
General and administrative expense 925 822 2,766 2,475
Total expenses 2,806 1,633 8,091 7,187
Pretax income 685 1,270 2,563 2,484
Income tax provision 137 239 498 425
Net income $ 548 $ 1,031 $ 2,065 $ 2,059
Earnings Per Share [Abstract]        
Basic (in dollars per share) $ 4.96 $ 8.86 $ 18.42 $ 17.42
Diluted (in dollars per share) $ 4.86 $ 8.65 $ 18.05 $ 17.03
Management and financial advice fees        
Revenues        
Revenue from contracts with customers $ 2,172 $ 2,367 $ 6,908 $ 6,720
Distribution fees        
Revenues        
Revenue from contracts with customers $ 506 $ 458 $ 1,410 $ 1,368