XML 114 R97.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Financial Information of Registrant - Condensed Statements of Operations (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue:      
Investment income and other revenue $ 77 $ 17 $ 17
Revenues 27,771 19,423 16,829
Expenses:      
General and administrative expenses 2,068 1,480 1,296
Depreciation and amortization 131 88 89
Total operating expenses 26,751 18,345 15,785
Total operating expenses 1,020 1,078 1,044
Interest expense 120 102 87
Other expenses (income), net 25 15 (15)
Income tax (benefit) expense 216 288 235
Net income 659 673 737
Parent Company      
Revenue:      
Administrative services fees 1,496 1,208 1,038
Investment income and other revenue 11 13 18
Revenues 1,507 1,221 1,056
Expenses:      
General and administrative expenses 1,424 1,089 937
Depreciation and amortization 98 67 63
Other 5 24 4
Total operating expenses 1,527 1,180 1,004
Total operating expenses (20) 41 52
Interest expense 120 102 87
Other expenses (income), net 25 15 (15)
Total other expenses, net 145 117 72
Loss before income tax (benefit) expense and equity in net earnings of subsidiaries (165) (76) (20)
Income tax (benefit) expense (21) (5) 9
Net loss before equity in net earnings of subsidiaries (144) (71) (29)
Equity in net earnings of subsidiaries 803 744 766
Net income $ 659 $ 673 $ 737