XML 119 R109.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Segment Information - Net Revenues and Operating Earnings (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net revenues        
Total net revenues $ 4,220 $ 3,876 $ 8,366 $ 7,618
Operating earnings        
Pretax income (loss) 1,051 1,127 2,270 1,623
Reportable segments        
Net revenues        
Total net revenues 4,531 4,157 8,979 8,171
Operating earnings        
Pretax income (loss) 1,117 1,022 2,195 2,000
Reportable segments | Advice & Wealth Management        
Net revenues        
Total net revenues 2,644 2,343 5,204 4,608
Operating earnings        
Pretax income (loss) 822 731 1,584 1,424
Reportable segments | Asset Management        
Net revenues        
Total net revenues 848 808 1,703 1,607
Operating earnings        
Pretax income (loss) 218 162 424 327
Reportable segments | Retirement & Protection Solutions        
Net revenues        
Total net revenues 928 858 1,840 1,682
Operating earnings        
Pretax income (loss) 196 189 395 383
Reportable segments | Corporate & Other        
Net revenues        
Total net revenues 111 148 232 274
Operating earnings        
Pretax income (loss) (119) (60) (208) (134)
Intersegment eliminations        
Net revenues        
Total net revenues (360) (331) (708) (647)
Intersegment eliminations | Advice & Wealth Management        
Net revenues        
Total net revenues (236) (211) (461) (412)
Intersegment eliminations | Asset Management        
Net revenues        
Total net revenues (23) (19) (47) (36)
Intersegment eliminations | Retirement & Protection Solutions        
Net revenues        
Total net revenues (108) (104) (214) (206)
Intersegment eliminations | Corporate & Other        
Net revenues        
Total net revenues 7 3 14 7
Segment reconciling items        
Net revenues        
Total net revenues (2) (3) (5) (6)
Segment reconciling items | Net realized investment gains (losses)        
Net revenues        
Total net revenues (3) 3 (3) 6
Operating earnings        
Pretax income (loss) (3) 3 (3) 6
Segment reconciling items | Market impact on non-traditional long-duration products        
Net revenues        
Total net revenues (1) 1 1 1
Operating earnings        
Pretax income (loss) (60) 127 80 (348)
Segment reconciling items | Integration/restructuring charges        
Operating earnings        
Pretax income (loss) 0 (25) 0 (35)
Total Segments after intersegment eliminations | Reportable segments        
Net revenues        
Total net revenues 4,171 3,826 8,271 7,524
Consolidated investment entities | Segment reconciling items        
Net revenues        
Total net revenues 53 46 97 87
Operating earnings        
Pretax income (loss) $ (3) $ 0 $ (2) $ 0