Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of segment reporting information [Table Text Block]

The following tables summarize selected financial information by segment and reconciles segment totals to those reported on the consolidated financial statements:

	March 31, 2021		December 31, 2020
	(in millions)
Advice & Wealth Management	$	21,833	$	21,266
Asset Management	9,033		8,406
Retirement & Protection Solutions	113,658		114,850
Corporate & Other	21,213		21,361
Total assets	$	165,737	$	165,883

	Three Months Ended March 31,
	2021		2020
	(in millions)
Adjusted operating net revenues:
Advice & Wealth Management	$	1,879	$	1,695
Asset Management	828		686
Retirement & Protection Solutions	787		759
Corporate & Other	139		149
Less: Eliminations (1)	379		338
Total segment adjusted operating net revenues	3,254		2,951
Net realized gains (losses)	57		(20)
Revenue attributable to consolidated investment entities	34		16
Market impact on non-traditional long-duration products, net	5		55
Mean reversion related impacts	—		(1)
Total net revenues per Consolidated Statements of Operations	$	3,350	$	3,001

(1) Represents the elimination of intersegment revenues recognized for the three months ended March 31, 2021 and 2020 in each segment as follows: Advice & Wealth Management ($250 million and $222 million, respectively); Asset Management ($13 million and $13 million, respectively); Retirement & Protection Solutions ($116 million and $104 million, respectively); and Corporate & Other (nil and $(1) million, respectively).

	Three Months Ended March 31,
	2021		2020
	(in millions)
Adjusted operating earnings:
Advice & Wealth Management	$	389	$	378
Asset Management	228		157
Retirement & Protection Solutions	183		167
Corporate & Other	(21)		(50)
Total segment adjusted operating earnings	779		652
Net realized gains (losses)	55		(20)
Net income (loss) attributable to consolidated investment entities	(1)		(2)
Market impact on non-traditional long-duration products, net	(396)		1,783
Mean reversion related impacts	56		(61)
Integration and restructuring charges	—		(1)
Pretax income per Consolidated Statements of Operations	$	493	$	2,351