Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2020

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The unaudited quarterly results of operations for the years ended December 31, 2020 and 2019 are summarized in the table below:


	Three Months Ended
	March 31		June 30		September 30		December 31
	(in thousands)
2020
Total revenues	$	23,927	$	(2,640,794)	$	504,829	$	(113,386)
Total benefits and expenses	1,082,203		(22,500)		552,402		197,456
Income (loss) from operations before income taxes	(1,058,276)		(2,618,294)		(47,573)		(310,842)
Net income (loss)	$	(820,788)	$	(1,756,214)	$	(182,160)	$	(410,103)
2019
Total revenues	$	(582,563)	$	(103,779)	$	272,685	$	864,964
Total benefits and expenses	296,641		404,277		558,773		472,044
Income (loss) from operations before income taxes	(879,204)		(508,056)		(286,088)		392,920
Net income (loss)	$	(900,024)	$	(168,770)	$	(227,512)	$	306,979