Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023		December 31, 2022
	(in millions)
Advice & Wealth Management	$	39,099	$	35,132
Asset Management	7,768		7,967
Retirement & Protection Solutions	102,337		98,901
Corporate & Other	17,436		16,852
Total assets	$	166,640	$	158,852


	Three Months Ended March 31,
		2023			2022
			(in millions)
Adjusted operating net revenues:
Advice & Wealth Management			$	2,265		$	2,042
Asset Management			799			1,017
Retirement & Protection Solutions			824			768
Corporate & Other			126			116
Elimination of segment revenues (1)			(316)			(352)
Total segment adjusted operating net revenues			3,698			3,591
Net realized gains (losses)			3			16
Revenue attributable to consolidated investment entities			41			17
Market impact on non-traditional long-duration products, net			—			1



Total net revenues per consolidated statements of operations			$	3,742		$	3,625

(1) Represents the elimination of intersegment revenues recognized for the three months ended March 31, 2023 and 2022 in each segment as follows: Advice & Wealth Management ($201 million and $228 million, respectively); Asset Management ($17 million and $12 million, respectively); Retirement & Protection Solutions ($102 million and $112 million, respectively); and Corporate & Other ($(4) million and nil, respectively).


	Three Months Ended March 31,
		2023			2022
			(in millions)
Adjusted operating earnings:
Advice & Wealth Management			$	693		$	440
Asset Management			165			285
Retirement & Protection Solutions			194			175
Corporate & Other			(74)			(82)
Total segment adjusted operating earnings			978			818
Net realized gains (losses)			3			16
Net income (loss) attributable to consolidated investment entities			—			2
Market impact on non-traditional long-duration products, net			(475)			180



Integration and restructuring charges			(10)			(10)
Pretax income per consolidated statements of operations			$	496		$	1,006