Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Summary of selected financial information by segment and reconciliation to consolidated

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


	March 31, 2022		December 31, 2021
	(in millions)
Advice & Wealth Management	$	26,752	$	24,986
Asset Management	10,457		10,990
Retirement & Protection Solutions	112,881		119,469
Corporate & Other	17,435		20,534
Total assets	$	167,525	$	175,979


	Three Months Ended March 31,
		2022			2021
			(in millions)
Adjusted operating net revenues:
Advice & Wealth Management			$	2,042		$	1,879
Asset Management			1,017			828
Retirement & Protection Solutions			772			787
Corporate & Other			116			139
Elimination of segment revenues (1)			(352)			(379)
Total segment adjusted operating net revenues			3,595			3,254
Net realized gains (losses)			17			57
Revenue attributable to consolidated investment entities			17			34
Market impact on non-traditional long-duration products, net			26			5



Total net revenues per consolidated statements of operations			$	3,655		$	3,350

(1) Represents the elimination of intersegment revenues recognized for the three months ended March 31, 2022 and 2021 in each segment as follows: Advice & Wealth Management ($228 million and $250 million, respectively); Asset Management ($12 million and $13 million, respectively); Retirement & Protection Solutions ($112 million and $116 million, respectively); and Corporate & Other (nil and nil, respectively).


	Three Months Ended March 31,
		2022			2021
			(in millions)
Adjusted operating earnings:
Advice & Wealth Management			$	440		$	389
Asset Management			285			228
Retirement & Protection Solutions			191			183
Corporate & Other			(76)			(21)
Total segment adjusted operating earnings			840			779
Net realized gains (losses)			16			55
Net income (loss) attributable to consolidated investment entities			2			(1)
Market impact on non-traditional long-duration products, net			134			(396)
Mean reversion related impacts			(59)			56


Integration and restructuring charges			(10)			—
Pretax income per consolidated statements of operations			$	923		$	493