XML 33 R37.htm IDEA: XBRL DOCUMENT v3.2.0.727
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Schedule of segment reporting information [Table Text Block]
The following tables summarize selected financial information by segment and reconcile segment totals to those reported on the consolidated financial statements:
 
June 30, 
 2015
 
December 31, 
 2014
 
(in millions)
Assets:
 
 
 
Advice & Wealth Management
$
10,630

 
$
10,220

Asset Management
7,935

 
7,509

Annuities
97,406

 
98,535

Protection
20,955

 
20,779

Corporate & Other
11,880

 
11,767

Total assets
$
148,806

 
$
148,810


 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2015
 
2014
 
2015
 
2014
 
(in millions)
Operating net revenues:
 

 
 

 
 

 
 

Advice & Wealth Management
$
1,274

 
$
1,198

 
$
2,502

 
$
2,347

Asset Management
832

 
844

 
1,639

 
1,651

Annuities
651

 
651

 
1,282

 
1,287

Protection
600

 
579

 
1,190

 
1,134

Corporate & Other
(2
)
 
(2
)
 
(8
)
 
4

Eliminations(1) (2)
(372
)
 
(355
)
 
(724
)
 
(696
)
Total segment operating revenues
2,983

 
2,915

 
5,881

 
5,727

Net realized gains
5

 
1

 
15

 
6

Revenues attributable to CIEs
141

 
160

 
290

 
337

Market impact on IUL benefits, net
—

 
(4
)
 
(4
)
 
(2
)
Market impact of hedges on investments
(1
)
 
—

 
(1
)
 
—

Total net revenues per consolidated statements of operations
$
3,128

 
$
3,072

 
$
6,181

 
$
6,068

(1) Represents the elimination of intersegment revenues recognized for the three months ended June 30, 2015 and 2014 in each segment as follows: Advice & Wealth Management ($264 and $250, respectively); Asset Management ($11 and $11, respectively); Annuities ($86 and $83, respectively); Protection ($11 and $10, respectively); and Corporate & Other (nil and $1, respectively).
(2) Represents the elimination of intersegment revenues recognized for the six months ended June 30, 2015 and 2014 in each segment as follows: Advice & Wealth Management ($511 and $490, respectively); Asset Management ($22 and $22, respectively); Annuities ($170 and $163, respectively); Protection ($21 and $20, respectively); and Corporate & Other (nil and $1, respectively).
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2015
 
2014
 
2015
 
2014
 
(in millions)
Operating earnings:
 

 
 

 
 

 
 

Advice & Wealth Management
$
220

 
$
194

 
$
430

 
$
375

Asset Management
197

 
199

 
388

 
382

Annuities
150

 
170

 
322

 
346

Protection
72

 
91

 
123

 
150

Corporate & Other
(57
)
 
(75
)
 
(119
)
 
(130
)
Total segment operating earnings
582

 
579

 
1,144

 
1,123

Net realized gains
5

 
1

 
15

 
6

Net income attributable to noncontrolling interests
61

 
93

 
147

 
208

Market impact on variable annuity guaranteed benefits, net
(36
)
 
(54
)
 
(70
)
 
(69
)
Market impact on IUL benefits, net
5

 
—

 
(1
)
 
1

Market impact of hedges on investments
(1
)
 
—

 
(1
)
 
—

Integration and restructuring charges
(1
)
 
—

 
(1
)
 
—

Income from continuing operations before income tax provision per consolidated statements of operations
$
615

 
$
619

 
$
1,233

 
$
1,269