Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024		December 31, 2023
	(in millions)
Advice & Wealth Management	$	42,937	$	42,983
Asset Management	7,045		7,288
Retirement & Protection Solutions	113,392		108,451
Corporate & Other	16,457		16,469
Total assets	$	179,831	$	175,191


	Three Months Ended March 31,
		2024			2023
			(in millions)
Adjusted operating net revenues:
Advice & Wealth Management			$	2,560		$	2,265
Asset Management			855			799
Retirement & Protection Solutions			912			824
Corporate & Other			121			126
Elimination of segment revenues (1)			(348)			(316)
Total segment adjusted operating net revenues			4,100			3,698
Adjustments:
Net realized investment gains (losses)			—			3
Market impact on non-traditional long-duration products			2			—

Revenue attributable to consolidated investment entities			44			41


Total net revenues per consolidated statements of operations			$	4,146		$	3,742

(1) Represents the elimination of intersegment revenues recognized for the three months ended March 31, 2024 and 2023 in each segment as follows: Advice & Wealth Management ($225 million and $201 million, respectively); Asset Management ($24 million and $17 million, respectively); Retirement & Protection Solutions ($106 million and $102 million, respectively); and Corporate & Other ($(7) million and $(4) million, respectively).


	Three Months Ended March 31,
		2024			2023
			(in millions)
Adjusted operating earnings:
Advice & Wealth Management			$	762		$	693
Asset Management			206			165
Retirement & Protection Solutions			199			194
Corporate & Other			(89)			(74)
Total segment adjusted operating earnings			1,078			978
Adjustments:
Net realized investment gains (losses)			—			3
Market impact on non-traditional long-duration products			140			(475)

Integration/restructuring charges			—			(10)
Net income (loss) attributable to consolidated investment entities			1			—


Pretax income per consolidated statements of operations			$	1,219		$	496