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Segment Information (Tables)
12 Months Ended
Dec. 31, 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:
 
December 31,
2019
 
2018
(in millions)
Advice & Wealth Management
$
17,607

 
$
14,480

Asset Management
8,226

 
7,558

Annuities
98,195

 
88,771

Protection
16,980

 
17,126

Corporate & Other
10,820

 
9,281

Total assets
$
151,828

 
$
137,216

 
Years Ended December 31,
2019
 
2018
 
2017
(in millions)
Adjusted operating net revenues:
 
 
 
 
 
Advice & Wealth Management
$
6,599

 
$
6,189

 
$
5,616

Asset Management
2,913

 
3,011

 
3,072

Annuities
2,459

 
2,476

 
2,499

Protection
1,047

 
1,096

 
983

Corporate & Other
1,094

 
1,336

 
1,234

Less: Eliminations (1)
1,402

 
1,414

 
1,411

Total segment adjusted operating net revenues
12,710

 
12,694

 
11,993

Net realized gains (losses)
(6
)
 
10

 
46

Revenue attributable to consolidated investment entities
88

 
127

 
94

Market impact on IUL benefits, net

 
(7
)
 
1

Market impact of hedges on investments
(35
)
 
11

 
(2
)
Integration and restructuring charges
(3
)
 

 

Gain on disposal of business
213

 

 

Total net revenues per consolidated statements of operations
$
12,967

 
$
12,835

 
$
12,132

(1) Represents the elimination of intersegment revenues recognized for the years ended December 31, 2019, 2018 and 2017 in each segment as follows: Advice and Wealth Management ($924, $952 and $953, respectively); Asset Management ($55, $50 and $47, respectively); Annuities ($367, $356 and $351, respectively); Protection ($62, $61 and $62, respectively); and Corporate & Other ($(6), $(5) and $(2), respectively).
 
Years Ended December 31,
2019
 
2018
 
2017
(in millions)
Adjusted operating earnings:
 
 
 
 
 
Advice & Wealth Management
$
1,509

 
$
1,389

 
$
1,163

Asset Management
661

 
728

 
740

Annuities
497

 
496

 
629

Protection
261

 
255

 
256

Corporate & Other
(320
)
 
(304
)
 
(468
)
Total segment adjusted operating earnings
2,608

 
2,564

 
2,320

Net realized gains (losses)
(4
)
 
9

 
44

Net income (loss) attributable to consolidated investment entities
1

 
(1
)
 
2

Market impact on variable annuity guaranteed benefits, net
(579
)
 
(31
)
 
(232
)
Market impact on IUL benefits, net
(12
)
 
(17
)
 
4

Market impact on fixed annuity benefits

 
1

 

Mean reversion related impacts
57

 
(33
)
 
83

Market impact of hedges on investments
(35
)
 
11

 
(2
)
Integration and restructuring charges
(17
)
 
(19
)
 
(5
)
Gain on disposal of business
213

 

 

Pretax income per consolidated statements of operations
$
2,232

 
$
2,484

 
$
2,214