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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Net investment income $ 921 $ 811 $ 1,822 $ 1,509
Premiums, policy and contract charges 381 383 771 745
Other revenues 129 132 258 263
Total revenues 4,392 4,007 8,717 7,852
Banking and deposit interest expense 172 131 351 234
Total net revenues 4,220 3,876 8,366 7,618
Benefits and expenses        
Distribution expenses 1,450 1,248 2,869 2,474
Interest credited to fixed accounts 185 161 317 325
Benefits, claims, losses and settlement expenses 331 327 626 628
Remeasurement (gains) losses of future policy benefit reserves (8) 0 (12) (5)
Change in fair value of market risk benefits 110 (99) 92 390
Amortization of deferred acquisition costs 61 61 122 123
Interest and debt expense 83 84 165 156
General and administrative expense 957 967 1,917 1,904
Total benefits and expenses 3,169 2,749 6,096 5,995
Pretax income 1,051 1,127 2,270 1,623
Income tax provision 222 237 451 316
Net income $ 829 $ 890 $ 1,819 $ 1,307
Earnings per share        
Basic (in dollars per share) $ 8.16 $ 8.36 $ 17.80 $ 12.20
Diluted (in dollars per share) $ 8.02 $ 8.21 $ 17.49 $ 11.97
Management and financial advice fees        
Revenues        
Revenue from contracts with customers $ 2,456 $ 2,199 $ 4,855 $ 4,336
Distribution fees        
Revenues        
Revenue from contracts with customers $ 505 $ 482 $ 1,011 $ 999