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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Net premiums $ 2,914 $ 2,819
Investment income, net of related expenses 812 594
Investment related gains (losses), net:    
Impairments and change in allowance for credit losses on fixed maturity securities (2) (34)
Other investment related gains (losses), net 304 (251)
Total investment related gains (losses), net 302 (285)
Other revenues 91 76
Total revenues 4,119 3,204
Benefits and Expenses:    
Claims and other policy benefits 3,192 2,664
Interest credited 146 146
Policy acquisition costs and other insurance expenses 333 248
Other operating expenses 214 195
Interest expense 45 41
Collateral finance and securitization expense 3 6
Total benefits and expenses 3,933 3,300
 Income (loss) before income taxes 186 (96)
Provision for income taxes 47 (8)
Net income (loss) $ 139 $ (88)
Earnings per share:    
Basic earnings per share $ 2.04 $ (1.41)
Diluted earnings per share $ 2.03 $ (1.41)