XML 28 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Tables)
3 Months Ended
Mar. 31, 2014
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:
 
March 31, 2014
 
December 31, 2013
 
(in millions)
Advice & Wealth Management
$
10,012

 
$
9,571

Asset Management
7,854

 
7,223

Annuities
98,079

 
98,354

Protection
19,858

 
19,605

Corporate & Other
10,161

 
9,823

Total assets
$
145,964

 
$
144,576

 
Three Months Ended March 31,
 
2014
 
2013
 
(in millions)
Operating net revenues:
 

 
 

Advice & Wealth Management
$
1,149

 
$
1,018

Asset Management
807

 
746

Annuities
636

 
624

Protection
555

 
537

Corporate & Other
6

 
4

Eliminations(1)
(341
)
 
(321
)
Total segment operating revenues
2,812

 
2,608

Net realized gains
5

 
1

Revenues attributable to CIEs
177

 
82

Market impact on IUL benefits, net
2

 

Total net revenues per consolidated statements of operations
$
2,996

 
$
2,691

(1) Represents the elimination of intersegment revenues recognized for the three months ended March 31, 2014 and 2013 in each segment as follows: Advice & Wealth Management ($240 and $228, respectively); Asset Management ($11 and $9, respectively); Annuities ($80 and $73, respectively); Protection ($10 and $10, respectively); and Corporate & Other (nil and $1, respectively).
 
Three Months Ended March 31,
 
2014
 
2013
 
(in millions)
Operating earnings:
 

 
 

Advice & Wealth Management
$
181

 
$
130

Asset Management
183

 
138

Annuities
176

 
142

Protection
59

 
103

Corporate & Other
(55
)
 
(53
)
Total segment operating earnings
544

 
460

Net realized gains
5

 
1

Net income attributable to noncontrolling interests
115

 
30

Market impact on variable annuity guaranteed benefits, net
(15
)
 
(2
)
Market impact on IUL benefits, net
1

 

Restructuring charges

 
(2
)
Income from continuing operations before income tax provision per consolidated
statements of operations
$
650

 
$
487