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Segment Information (Tables)
3 Months Ended
Mar. 31, 2013
Segment Information  
Schedule of segment reporting information

 

 

 

March 31, 2013

 

December 31, 2012

 

 

 

(in millions)

 

Advice & Wealth Management

 

$

8,938

 

$

8,962

 

Asset Management

 

6,455

 

6,267

 

Annuities

 

93,249

 

91,587

 

Protection

 

19,537

 

19,065

 

Corporate & Other

 

9,117

 

8,848

 

Total assets

 

$

137,296

 

$

134,729

 

 

 

 

Three Months Ended March 31,

 

 

 

2013

 

2012

 

 

 

(in millions)

 

Operating net revenues:

 

 

 

 

 

Advice & Wealth Management

 

$

1,018

 

$

954

 

Asset Management

 

746

 

711

 

Annuities

 

630

 

628

 

Protection

 

538

 

522

 

Corporate & Other

 

(3

)

8

 

Eliminations (1)

 

(321

)

(312

)

Total segment operating net revenues

 

2,608

 

2,511

 

Net realized gains (losses)

 

1

 

(2)

 

Revenues of consolidated investment entities

 

82

 

52

 

Total net revenues per consolidated statements of operations

 

$

2,691

 

$

2,561

 

 

 

(1) Represents the elimination of intersegment revenues recognized for the three months ended March 31, 2013 and 2012 in each segment as follows:Advice & Wealth Management ($228 and $229, respectively); Asset Management ($9 and $10, respectively); Annuities ($73 and $63, respectively); Protection ($10 and $9, respectively); and Corporate & Other ($1 and $1, respectively).

 

 

 

Three Months Ended March 31,

 

 

 

2013

 

2012

 

 

 

(in millions)

 

Operating earnings:

 

 

 

 

 

Advice & Wealth Management

 

$

131

 

$

94

 

Asset Management

 

144

 

131

 

Annuities

 

156

 

189

 

Protection

 

110

 

107

 

Corporate & Other

 

(81

)

(65

)

Total segment operating earnings

 

460

 

456

 

Net realized gains (losses)

 

1

 

(2

)

Net income attributable to noncontrolling interests

 

30

 

4

 

Market impact on variable annuity living benefits

 

(2

)

(113

)

Integration and restructuring charges

 

(2

)

(23

)

Income from continuing operations before income tax provision per consolidated statements of operations

 

$

487

 

$

322