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Segment Information (Tables)
9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Schedule of segment reporting information
The following tables summarize selected financial information by segment and reconcile segment totals to those reported on the consolidated financial statements:
 
September 30, 2013
 
December 31, 2012
 
(in millions)
Advice & Wealth Management
$
9,177

 
$
8,962

Asset Management
7,124

 
6,267

Annuities
95,330

 
91,587

Protection
18,905

 
19,065

Corporate & Other
9,672

 
8,848

Total assets
$
140,208

 
$
134,729

 
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2013
 
2012
 
2013
 
2012
 
(in millions)
Operating net revenues:
 

 
 

 
 

 
 

Advice & Wealth Management
$
1,074

 
$
961

 
$
3,168

 
$
2,868

Asset Management
777

 
733

 
2,345

 
2,151

Annuities
654

 
632

 
1,925

 
1,888

Protection
536

 
496

 
1,625

 
1,546

Corporate & Other
(5
)
 
5

 
(12
)
 
20

Eliminations(1) (2)
(341
)
 
(310
)
 
(1,010
)
 
(927
)
Total segment operating revenues
2,695

 
2,517

 
8,041

 
7,546

Net realized gains (losses)
6

 
(68
)
 
7

 
(75
)
Revenues of CIEs
114

 
27

 
208

 
80

Market impact on IUL benefits, net
(2
)
 

 
(3
)
 

Integration and restructuring charges

 
(8
)
 

 
(8
)
Total net revenues per consolidated statements of operations
$
2,813

 
$
2,468

 
$
8,253

 
$
7,543

(1) Represents the elimination of intersegment revenues recognized for the three months ended September 30, 2013 and 2012 in each segment as follows: Advice & Wealth Management ($243 and $219, respectively); Asset Management ($10 and $10, respectively); Annuities ($77 and $71, respectively); Protection ($10 and $10, respectively); and Corporate & Other ($1 and nil, respectively).
(2) Represents the elimination of intersegment revenues recognized for the nine months ended September 30, 2013 and 2012 in each segment as follows: Advice & Wealth Management ($723 and $666, respectively); Asset Management ($29 and $32, respectively); Annuities ($226 and $200, respectively); Protection ($30 and $28, respectively); and Corporate & Other ($2 and $1, respectively).
 
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2013
 
2012
 
2013
 
2012
 
(in millions)
Operating earnings:
 

 
 

 
 

 
 

Advice & Wealth Management
$
153

 
$
119

 
$
436

 
$
324

Asset Management
178

 
155

 
521

 
416

Annuities
219

 
91

 
499

 
396

Protection
75

 
89

 
283

 
305

Corporate & Other
(73
)
 
(57
)
 
(239
)
 
(189
)
Total segment operating earnings
552

 
397

 
1,500

 
1,252

Net realized gains (losses)
6

 
(68
)
 
7

 
(75
)
Net income (loss) attributable to noncontrolling interests
67

 
(22
)
 
57

 
(71
)
Market impact on variable annuity living benefits, net
(21
)
 
(91
)
 
(66
)
 
(220
)
Market impact on IUL benefits, net
(2
)
 

 
(4
)
 

Integration and restructuring charges

 
(17
)
 
(3
)
 
(66
)
Income from continuing operations before income tax provision per consolidated statements of operations
$
602

 
$
199

 
$
1,491

 
$
820