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Segment Information (Tables)
9 Months Ended
Sep. 30, 2019
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:
 
September 30,
2019
 
December 31,
2018
(in millions)
Advice & Wealth Management
$
16,419

 
$
14,480

Asset Management
7,759

 
7,558

Annuities
97,140

 
88,771

Protection
16,198

 
17,126

Corporate & Other
10,011

 
9,281

Assets held for sale
1,986

 

Total assets
$
149,513

 
$
137,216

 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
2019
 
2018
2019
 
2018
(in millions)
Adjusted operating net revenues:
 
 
 
 
 
 
 
Advice & Wealth Management
$
1,682

 
$
1,564

 
$
4,889

 
$
4,608

Asset Management
742

 
772

 
2,143

 
2,305

Annuities
617

 
628

 
1,841

 
1,863

Protection
265

 
328

 
786

 
836

Corporate & Other
356

 
330

 
1,050

 
987

Less: Eliminations (1)(2)
362

 
354

 
1,044

 
1,073

Total segment adjusted operating net revenues
3,300

 
3,268

 
9,665

 
9,526

Net realized gains (losses)
(13
)
 
4

 
(4
)
 
15

Revenue attributable to consolidated investment entities
22

 
22

 
67

 
93

Market impact on IUL benefits, net
17

 
(8
)
 
(8
)
 
(5
)
Market impact of hedges on investments
(9
)
 
6

 
(37
)
 
27

Integration and restructuring charges

 

 
(3
)
 

Total net revenues per Consolidated Statements of Operations
$
3,317

 
$
3,292

 
$
9,680

 
$
9,656

(1) 
Represents the elimination of intersegment revenues recognized for the three months ended September 30, 2019 and 2018 in each segment as follows: Advice & Wealth Management ($240 million and $235 million, respectively); Asset Management ($13 million and $13 million, respectively); Annuities ($94 million and $91 million, respectively); Protection ($16 million and $17 million, respectively); and Corporate & Other ($(1) million and $(2) million, respectively).
(2) 
Represents the elimination of intersegment revenues recognized for the nine months ended September 30, 2019 and 2018 in each segment as follows: Advice & Wealth Management ($689 million and $722 million, respectively); Asset Management ($40 million and $37 million, respectively); Annuities ($273 million and $271 million, respectively); Protection ($46 million and $46 million, respectively); and Corporate & Other ($(4) million and $(3) million, respectively).

 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
2019
 
2018
2019
 
2018
(in millions)
Adjusted operating earnings:
 
 
 
 
 
 
 
Advice & Wealth Management
$
396

 
$
355

 
$
1,122

 
$
1,021

Asset Management
173

 
197

 
483

 
575

Annuities
120

 
129

 
377

 
377

Protection
57

 
60

 
196

 
188

Corporate & Other
(91
)
 
(120
)
 
(215
)
 
(255
)
Total segment adjusted operating earnings
655

 
621

 
1,963

 
1,906

Net realized gains (losses)
(11
)
 
4

 
(2
)
 
15

Net income (loss) attributable to consolidated investment entities
(1
)
 

 

 

Market impact on variable annuity guaranteed benefits, net
(2
)
 
(45
)
 
(204
)
 
(130
)
Market impact on IUL benefits, net
48

 
(13
)
 
(29
)
 
(8
)
Market impact on fixed annuity benefits, net
(1
)
 

 

 

Mean reversion related impacts
(36
)
 
24

 
18

 
38

Market impact of hedges on investments
(9
)
 
6

 
(37
)
 
27

Integration and restructuring charges
(2
)
 
(9
)
 
(11
)
 
(16
)
Pretax income per Consolidated Statements of Operations
$
641

 
$
588

 
$
1,698

 
$
1,832