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Segment Information
 9 Months Ended
Sep. 30, 2021
Segment Information [Abstract]  
Segment Information 15. Segment Information We provide products and services and report results through our Annuities, Retirement Plan Services, Life Insurance and Group Protection segments. We also have Other Operations, which includes the financial data for operations that are not directly related to the business segments. Our reporting segments reflect the manner by which our chief operating decision makers view and manage the business. A discussion of these segments and Other Operations is found in Note 22 to the consolidated financial statements in our 2020 Form 10-K. Segment operating revenues and income (loss) from operations are internal measures used by our management and Board of Directors to evaluate and assess the results of our segments. Income (loss) from operations is GAAP net income excluding the after-tax effects of the following items, as applicable: Realized gains and losses associated with the following (“excluded realized gain (loss)”): Sales or disposals and impairments of financial assets;Changes in the fair value of equity securities;Changes in the fair value of derivatives, embedded derivatives within certain reinsurance arrangements and trading securities (“gain (loss) on the mark-to-market on certain instruments”);Changes in the fair value of the derivatives we own to hedge our GDB riders within our variable annuities;Changes in the fair value of the embedded derivatives of our GLB riders reflected within variable annuity net derivative results accounted for at fair value;Changes in the fair value of the derivatives we own to hedge our GLB riders reflected within variable annuity net derivative results; andChanges in the fair value of the embedded derivative liabilities related to index options we may purchase or sell in the future to hedge contract holder index allocations applicable to future reset periods for our indexed annuity products accounted for at fair value (“indexed annuity forward-starting option”);Changes in reserves resulting from benefit ratio unlocking on our GDB and GLB riders (“benefit ratio unlocking”);Income (loss) from reserve changes, net of related amortization, on business sold through reinsurance;Gains (losses) on modification or early extinguishment of debt;Losses from the impairment of intangible assets;Income (loss) from discontinued operations;Acquisition and integration costs related to mergers and acquisitions; and Income (loss) from the initial adoption of new accounting standards, regulations, and policy changes including the net impact from the Tax Cuts and Jobs Act. Operating revenues represent GAAP revenues excluding the pre-tax effects of the following items, as applicable: Excluded realized gain (loss);Revenue adjustments from the initial adoption of new accounting standards;Amortization of DFEL arising from changes in GDB and GLB benefit ratio unlocking; andAmortization of deferred gains arising from reserve changes on business sold through reinsurance. The tables below reconcile our segment measures of performance to the GAAP measures presented in our Consolidated Statements of Comprehensive Income (Loss) (in millions): For the Three For the Nine Months Ended Months Ended September 30, September 30, 2021 2020 2021 2020 Revenues Operating revenues: Annuities$ 1,267 $ 1,126 $ 3,720 $ 3,292 Retirement Plan Services 328 311 989 889 Life Insurance 2,325 2,127 6,293 5,587 Group Protection 1,243 1,184 3,743 3,608 Other Operations 42 40 125 131 Excluded realized gain (loss), pre-tax 36 572 (245) (198)Amortization of DFEL associated with benefit ratio unlocking, pre-tax - 1 2 (6)Total revenues$ 5,241 $ 5,361 $ 14,627 $ 13,303 For the Three For the Nine Months Ended Months Ended September 30, September 30, 2021 2020 2021 2020 Net Income (Loss) Income (loss) from operations: Annuities$ 338 $ 196 $ 951 $ 694 Retirement Plan Services 60 50 178 119 Life Insurance 93 (311) 455 (177)Group Protection (32) 6 (12) 85 Other Operations (152) (74) (307) (202)Excluded realized gain (loss), after-tax 29 452 (193) (156)Gain (loss) on modification or early extinguishment of debt, after-tax (6) - (6) (12)Benefit ratio unlocking, after-tax (12) 83 119 17 Acquisition and integration costs related to mergers and acquisitions, after-tax - (4) - (12)Net income (loss)$ 318 $ 398 $ 1,185 $ 356