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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Net investment income $ 1,474 $ 1,683 $ 1,251
Premiums, policy and contract charges 1,411 273 1,395
Other revenues 491 382 283
Total revenues 14,347 13,443 11,958
Banking and deposit interest expense 76 12 59
Total net revenues 14,271 13,431 11,899
Expenses      
Distribution expenses 4,923 5,015 4,059
Interest credited to fixed accounts 665 600 644
Benefits, claims, losses and settlement expenses 1,372 716 1,806
Amortization of deferred acquisition costs 208 124 277
Interest and debt expense 198 191 162
General and administrative expense 3,723 3,435 3,120
Total expenses 11,089 10,081 10,068
Pretax income 3,182 3,350 1,831
Income tax provision 623 590 297
Net income $ 2,559 $ 2,760 $ 1,534
Earnings per share      
Basic (in dollars per share) $ 22.99 $ 23.53 $ 12.39
Diluted (in dollars per share) $ 22.51 $ 23.00 $ 12.20
Management and financial advice fees      
Revenues      
Revenue from contracts with customers $ 9,033 $ 9,275 $ 7,368
Distribution fees      
Revenues      
Revenue from contracts with customers $ 1,938 $ 1,830 $ 1,661