XML 168 R62.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Segment Reporting [Abstract] |
Schedule of segment reporting information [Table Text Block] | The following tables summarize selected financial information by segment and reconcile segment totals to those reported on the consolidated financial statements:
| December 31,
2019 |  | 2018
(in millions)
Advice & Wealth Management | $ | 17,607 |  |  | $ | 14,480 |
Asset Management | 8,226 |  |  | 7,558 |
Annuities | 98,195 |  |  | 88,771 |
Protection | 16,980 |  |  | 17,126 |
Corporate & Other | 10,820 |  |  | 9,281 |
Total assets | $ | 151,828 |  |  | $ | 137,216 |
| Years Ended December 31,
2019 |  | 2018 |  | 2017
(in millions)
Adjusted operating net revenues: |  |  |  |  |
Advice & Wealth Management | $ | 6,599 |  |  | $ | 6,189 |  |  | $ | 5,616 |
Asset Management | 2,913 |  |  | 3,011 |  |  | 3,072 |
Annuities | 2,459 |  |  | 2,476 |  |  | 2,499 |
Protection | 1,047 |  |  | 1,096 |  |  | 983 |
Corporate & Other | 1,094 |  |  | 1,336 |  |  | 1,234 |
Less: Eliminations (1) | 1,402 |  |  | 1,414 |  |  | 1,411 |
Total segment adjusted operating net revenues | 12,710 |  |  | 12,694 |  |  | 11,993 |
Net realized gains (losses) | (6 | ) |  | 10 |  |  | 46 |
Revenue attributable to consolidated investment entities | 88 |  |  | 127 |  |  | 94 |
Market impact on IUL benefits, net | — |  |  | (7 | ) |  | 1 |
Market impact of hedges on investments | (35 | ) |  | 11 |  |  | (2 | )
Integration and restructuring charges | (3 | ) |  | — |  |  | — |
Gain on disposal of business | 213 |  |  | — |  |  | — |
Total net revenues per consolidated statements of operations | $ | 12,967 |  |  | $ | 12,835 |  |  | $ | 12,132 |
(1) Represents the elimination of intersegment revenues recognized for the years ended December 31, 2019, 2018 and 2017 in each segment as follows: Advice and Wealth Management ($924, $952 and $953, respectively); Asset Management ($55, $50 and $47, respectively); Annuities ($367, $356 and $351, respectively); Protection ($62, $61 and $62, respectively); and Corporate & Other ($(6), $(5) and $(2), respectively).
| Years Ended December 31,
2019 |  | 2018 |  | 2017
(in millions)
Adjusted operating earnings: |  |  |  |  |
Advice & Wealth Management | $ | 1,509 |  |  | $ | 1,389 |  |  | $ | 1,163 |
Asset Management | 661 |  |  | 728 |  |  | 740 |
Annuities | 497 |  |  | 496 |  |  | 629 |
Protection | 261 |  |  | 255 |  |  | 256 |
Corporate & Other | (320 | ) |  | (304 | ) |  | (468 | )
Total segment adjusted operating earnings | 2,608 |  |  | 2,564 |  |  | 2,320 |
Net realized gains (losses) | (4 | ) |  | 9 |  |  | 44 |
Net income (loss) attributable to consolidated investment entities | 1 |  |  | (1 | ) |  | 2 |
Market impact on variable annuity guaranteed benefits, net | (579 | ) |  | (31 | ) |  | (232 | )
Market impact on IUL benefits, net | (12 | ) |  | (17 | ) |  | 4 |
Market impact on fixed annuity benefits | — |  |  | 1 |  |  | — |
Mean reversion related impacts | 57 |  |  | (33 | ) |  | 83 |
Market impact of hedges on investments | (35 | ) |  | 11 |  |  | (2 | )
Integration and restructuring charges | (17 | ) |  | (19 | ) |  | (5 | )
Gain on disposal of business | 213 |  |  | — |  |  | — |
Pretax income per consolidated statements of operations | $ | 2,232 |  |  | $ | 2,484 |  |  | $ | 2,214 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration