XML 129 R98.htm IDEA: XBRL DOCUMENT v3.22.1
Segment Information - Net revenues and Operating Earnings (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Net revenues    
Total net revenues $ 3,655 $ 3,350
Operating earnings    
Pretax income (loss) 923 493
Advice & Wealth Management    
Net revenues    
Total net revenues 1,814 1,629
Asset Management    
Net revenues    
Total net revenues 1,005 815
Retirement & Protection Solutions    
Net revenues    
Total net revenues 660 671
Corporate & Other    
Net revenues    
Total net revenues 116 139
Reportable segments    
Net revenues    
Total net revenues 3,947 3,633
Operating earnings    
Pretax income (loss) 840 779
Reportable segments | Advice & Wealth Management    
Net revenues    
Total net revenues 2,042 1,879
Operating earnings    
Pretax income (loss) 440 389
Reportable segments | Asset Management    
Net revenues    
Total net revenues 1,017 828
Operating earnings    
Pretax income (loss) 285 228
Reportable segments | Retirement & Protection Solutions    
Net revenues    
Total net revenues 772 787
Operating earnings    
Pretax income (loss) 191 183
Reportable segments | Corporate & Other    
Net revenues    
Total net revenues 116 139
Operating earnings    
Pretax income (loss) (76) (21)
Intersegment eliminations    
Net revenues    
Total net revenues (352) (379)
Intersegment eliminations | Advice & Wealth Management    
Net revenues    
Total net revenues (228) (250)
Intersegment eliminations | Asset Management    
Net revenues    
Total net revenues (12) (13)
Intersegment eliminations | Retirement & Protection Solutions    
Net revenues    
Total net revenues (112) (116)
Intersegment eliminations | Corporate & Other    
Net revenues    
Total net revenues 0 0
Segment reconciling items    
Net revenues    
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 60 96
Operating earnings    
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) 0
Total Segments after intersegment eliminations | Reportable segments    
Net revenues    
Total net revenues $ 3,595 $ 3,254