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: | | | | | | | | | | | | December 31, | | | 2013 | | 2012 | | | (in millions) | Advice & Wealth Management | | $ | 9,571 |
| | $ | 8,962 |
| Asset Management | | 7,223 |
| | 6,267 |
| Annuities | | 98,354 |
| | 91,587 |
| Protection | | 19,605 |
| | 19,065 |
| Corporate & Other | | 9,823 |
| | 8,848 |
| Total assets | | $ | 144,576 |
| | $ | 134,729 |
|
| | | | | | | | | | | | | | | | Years Ended December 31, | | | 2013 | | 2012 | | 2011 | | | (in millions) | Operating net revenues: | | |
| | |
| | | Advice & Wealth Management | | $ | 4,295 |
| | $ | 3,873 |
| | $ | 3,713 |
| Asset Management | | 3,169 |
| | 2,891 |
| | 2,897 |
| Annuities | | 2,583 |
| | 2,524 |
| | 2,630 |
| Protection | | 2,190 |
| | 2,088 |
| | 2,069 |
| Corporate & Other | | (11 | ) | | 20 |
| | 3 |
| Eliminations(1) | | (1,369 | ) | | (1,253 | ) | | (1,262 | ) | Total segment operating revenues | | 10,857 |
| | 10,143 |
| | 10,050 |
| Net realized gains | | 7 |
| | 7 |
| | 6 |
| Revenue attributable to CIEs | | 345 |
| | 71 |
| | 136 |
| Market impact on IUL benefits, net | | (10 | ) | | — |
| | — |
| Integration and restructuring charges | | — |
| | (4 | ) | | — |
| Total net revenues per consolidated statements of operations | | $ | 11,199 |
| | $ | 10,217 |
| | $ | 10,192 |
|
(1) Represents the elimination of intersegment revenues recognized for the years ended December 31, 2013, 2012 and 2011 in each segment as follows: Advice and Wealth Management ($980, $901 and $930, respectively); Asset Management ($39, $43 and $42, respectively); Annuities ($307, $271 and $251, respectively); Protection ($40, $37 and $37, respectively); and Corporate & Other ($3, $1 and $2, respectively). | | | | | | | | | | | | | | | | Years Ended December 31, | | | 2013 | | 2012 | | 2011 | | | (in millions) | Operating earnings: | | |
| | |
| | | Advice & Wealth Management | | $ | 598 |
| | $ | 443 |
| | $ | 406 |
| Asset Management | | 715 |
| | 557 |
| | 528 |
| Annuities | | 686 |
| | 567 |
| | 625 |
| Protection | | 365 |
| | 398 |
| | 386 |
| Corporate & Other | | (345 | ) | | (270 | ) | | (241 | ) | Total segment operating earnings | | 2,019 |
| | 1,695 |
| | 1,704 |
| Net realized gains | | 7 |
| | 7 |
| | 6 |
| Net income (loss) attributable to noncontrolling interests | | 141 |
| | (128 | ) | | (106 | ) | Market impact on variable annuity guaranteed benefits, net | | (170 | ) | | (265 | ) | | (62 | ) | Market impact on IUL benefits, net | | (13 | ) | | — |
| | — |
| Integration and restructuring charges | | (14 | ) | | (71 | ) | | (95 | ) | Income from continuing operations before income tax provision per consolidated statements of operations | | $ | 1,970 |
| | $ | 1,238 |
| | $ | 1,447 |
|
|