XML 91 R43.htm IDEA: XBRL DOCUMENT v3.20.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2020
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:
 
March 31,
2020
 
December 31,
2019
(in millions)
Advice & Wealth Management
$
20,238

 
$
17,607

Asset Management
7,617

 
8,226

Annuities
93,363

 
98,195

Protection
15,632

 
16,980

Corporate & Other
8,832

 
10,820

Total assets
$
145,682

 
$
151,828

 
Three Months Ended
March 31,
2020
 
2019
(in millions)
Adjusted operating net revenues:
 
 
 
Advice & Wealth Management
$
1,695

 
$
1,554

Asset Management
686

 
689

Annuities
589

 
604

Protection
257

 
262

Corporate & Other
62

 
342

Less: Eliminations (1)
338

 
333

Total segment adjusted operating net revenues
2,951

 
3,118

Net realized gains (losses)
(20
)
 
9

Revenue attributable to consolidated investment entities
16

 
21

Market impact on IUL benefits, net
55

 
(17
)
Mean reversion related impacts
(1
)
 

Market impact of hedges on investments

 
(10
)
Integration and restructuring charges

 
(3
)
Total net revenues per Consolidated Statements of Operations
$
3,001

 
$
3,118

(1) 
Represents the elimination of intersegment revenues recognized for the three months ended March 31, 2020 and 2019 in each segment as follows: Advice & Wealth Management ($222 million and $219 million, respectively); Asset Management ($13 million and $13 million, respectively); Annuities ($90 million and $88 million, respectively); Protection ($14 million and $15 million, respectively); and Corporate & Other ($(1) million and $(2) million, respectively).
 
Three Months Ended
March 31,
2020
 
2019
(in millions)
Adjusted operating earnings:
 
 
 
Advice & Wealth Management
$
378

 
$
350

Asset Management
157

 
146

Annuities
95

 
128

Protection
72

 
74

Corporate & Other
(50
)
 
(63
)
Total segment adjusted operating earnings
652

 
635

Net realized gains (losses)
(20
)
 
9

Net income (loss) attributable to consolidated investment entities
(2
)
 

Market impact on variable annuity guaranteed benefits, net
1,689

 
(142
)
Market impact on IUL benefits, net
91

 
(51
)
Market impact on fixed annuity benefits, net
3

 

Mean reversion related impacts
(61
)
 
36

Market impact of hedges on investments

 
(10
)
Integration and restructuring charges
(1
)
 
(7
)
Pretax income per Consolidated Statements of Operations
$
2,351

 
$
470