XML 215 R152.htm IDEA: XBRL DOCUMENT v3.20.4
Segment Information (Details 2) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Summary of segment operating results                      
Total segment adjusted operating revenues                 $ 11,829 $ 12,710 $ 12,694
Net Realized Gains (Losses)                 (11) (6) 10
Revenues attributable to CIEs                 71 88 127
Market Impact on non-traditional long-duration products, net                 10   (7)
Market impact of hedges on investments                   (35) 11
Restructuring Charges                   (3)  
Gain on disposal of business                   213  
Revenues, Net of Interest Expense $ 3,183 $ 3,003 $ 2,712 $ 3,001 $ 3,287 $ 3,317 $ 3,245 $ 3,118 11,899 12,967 12,835
Reconciliation of operating profit (loss) from segments to consolidated                      
Segment Reporting Information Operating Earnings                 2,129 2,608 2,564
Net Realized Gains (Losses) including DAC offset                 (10) (4) 9
Net income (loss) attributable to CIEs                 4 1 (1)
Market impact on non-traditional long-duration products                 (375) (591) (47)
Mean reversion related impacts                 87 57 (33)
Market impact of hedges on investments                   (35) 11
Integration and restructuring charges                 (4) (17) (19)
Gain on disposal of business                   213  
Pretax income $ 190 $ (184) $ (526) $ 2,351 $ 534 $ 641 $ 587 $ 470 1,831 2,232 2,484
Advice & Wealth Management [Member]                      
Summary of segment operating results                      
Total segment adjusted operating revenues                 6,675 6,599 6,189
Revenues, Net of Interest Expense                 5,782 5,675 5,237
Reconciliation of operating profit (loss) from segments to consolidated                      
Segment Reporting Information Operating Earnings                 1,321 1,509 1,389
Asset Management [Member]                      
Summary of segment operating results                      
Total segment adjusted operating revenues                 2,891 2,913 3,011
Revenues, Net of Interest Expense                 2,838 2,858 2,961
Reconciliation of operating profit (loss) from segments to consolidated                      
Segment Reporting Information Operating Earnings                 697 661 728
Retirement & Protection Solutions                      
Summary of segment operating results                      
Total segment adjusted operating revenues                 3,094 3,123 3,167
Revenues, Net of Interest Expense                 2,661 2,694 2,750
Reconciliation of operating profit (loss) from segments to consolidated                      
Segment Reporting Information Operating Earnings                 480 724 721
Corporate & Other [Member]                      
Summary of segment operating results                      
Total segment adjusted operating revenues                 546 1,477 1,741
Reconciliation of operating profit (loss) from segments to consolidated                      
Segment Reporting Information Operating Earnings                 (369) (286) (274)
Eliminations                      
Summary of segment operating results                      
Total segment adjusted operating revenues [1]                 1,377 1,402 1,414
Consolidation, Eliminations [Member]                      
Summary of segment operating results                      
Total segment adjusted operating revenues                 1,384 1,410 1,431
Consolidation, Eliminations [Member] | Advice & Wealth Management [Member]                      
Summary of segment operating results                      
Total segment adjusted operating revenues                 893 924 952
Consolidation, Eliminations [Member] | Asset Management [Member]                      
Summary of segment operating results                      
Total segment adjusted operating revenues                 53 55 50
Consolidation, Eliminations [Member] | Retirement & Protection Solutions                      
Summary of segment operating results                      
Total segment adjusted operating revenues                 433 429 417
Consolidation, Eliminations [Member] | Corporate & Other [Member]                      
Summary of segment operating results                      
Total segment adjusted operating revenues                 $ (2) $ (6) $ (5)
[1] Represents the elimination of intersegment revenues recognized for the years ended December 31, 2020, 2019 and 2018 in each segment as follows: Advice and Wealth Management ($893, $924 and $952, respectively); Asset Management ($53, $55 and $50, respectively); Retirement & Protection Solutions ($433, $429 and $417, respectively); and Corporate & Other ($(2), $(6) and $(5), respectively).