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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
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:
 June 30, 2024December 31, 2023
(in millions)
Advice & Wealth Management$41,893 $42,983 
Asset Management7,358 7,288 
Retirement & Protection Solutions
113,610 108,451 
Corporate & Other16,839 16,469 
Total assets$179,700 $175,191 

 
Three Months Ended June 30,
Six Months Ended June 30,
2024202320242023
(in millions)
Adjusted operating net revenues:
Advice & Wealth Management
$2,644 $2,343 $5,204 $4,608 
Asset Management
848 808 1,703 1,607 
Retirement & Protection Solutions928 858 1,840 1,682 
Corporate & Other
111 148 232 274 
Elimination of segment revenues (1)(2)
(360)(331)(708)(647)
Total segment adjusted operating net revenues
4,171 3,826 8,271 7,524 
Adjustments:
Net realized investment gains (losses)
(3)3 (3)6 
Market impact on non-traditional long-duration products(1)1 1 1 
Revenue attributable to consolidated investment entities53 46 97 87 
Total net revenues per consolidated statements of operations$4,220 $3,876 $8,366 $7,618 
(1) Represents the elimination of intersegment revenues recognized for the three months ended June 30, 2024 and 2023 in each segment as follows: Advice & Wealth Management ($236 million and $211 million, respectively); Asset Management ($23 million and $19 million, respectively); Retirement & Protection Solutions ($108 million and $104 million, respectively); and Corporate & Other ($(7) million and $(3) million, respectively).
(2) Represents the elimination of intersegment revenues recognized for the six months ended June 30, 2024 and 2023 in each segment as follows: Advice & Wealth Management ($461 million and $412 million, respectively); Asset Management ($47 million and $36 million, respectively); Retirement & Protection Solutions ($214 million and $206 million, respectively); and Corporate & Other ($(14) million and $(7) million, respectively).
 
Three Months Ended June 30,
Six Months Ended June 30,
2024202320242023
(in millions)
Adjusted operating earnings:
Advice & Wealth Management
$822 $731 $1,584 $1,424 
Asset Management
218 162 424 327 
Retirement & Protection Solutions196 189 395 383 
Corporate & Other
(119)(60)(208)(134)
Total segment adjusted operating earnings
1,117 1,022 2,195 2,000 
Adjustments:
Net realized investment gains (losses)(3)3 (3)6 
Market impact on non-traditional long-duration products(60)127 80 (348)
Integration/restructuring charges— (25)— (35)
Net income (loss) attributable to consolidated investment entities
(3)— (2)— 
Pretax income per consolidated statements of operations$1,051 $1,127 $2,270 $1,623