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BUSINESS SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The table below presents operating earnings (loss) by segment and Corporate and Other and a reconciliation to net income (loss) attributable to Holdings for the three and nine months ended September 30, 2022 and 2021, respectively:
 Three Months Ended September 30,Nine Months Ended September 30,
 2022202120222021
(in millions)
Net income (loss) attributable to Holdings$273 $672 $2,574 $(693)
Adjustments related to:
Variable annuity product features(114)172 (2,639)3,632 
Investment (gains) losses333 (164)890 (767)
Net actuarial (gains) losses related to pension and other postretirement benefit obligations19 27 57 87 
Other adjustments (1) (2) (3)39 141 407 672 
Income tax expense (benefit) related to above adjustments(59)(35)270 (761)
Non-recurring tax items7 5 13 6 
Non-GAAP Operating Earnings$498 $818 $1,572 $2,176 
Operating earnings (loss) by segment:
Individual Retirement$270 $316 $837 $1,093 
Group Retirement$134 $192 $415 $514 
Investment Management and Research$94 $134 $330 $381 
Protection Solutions$72 $160 $208 $264 
Corporate and Other (4)$(72)$16 $(218)$(76)
______________
(1)Includes separation costs of $25 million and $62 million for the three and nine months ended September 30, 2021, respectively. Separation costs were completed during 2021.
(2)Includes certain gross legal expenses related to the COI litigation of $2 million, $0 million, $168 million and $180 million for the three and nine months ended September 30, 2022 and 2021, respectively. Includes policyholder benefit costs of $0 million and $75 million for the three and nine months ended September 30, 2022 stemming from a deal to repurchase UL policies from one entity that had invested in numerous policies purchased in the life settlement market.
(3)Includes Non-GMxB related derivative hedge gains and losses of ($28) million, ($4) million, ($68) million and $140 million for the three and nine months ended September 30, 2022 and 2021, respectively.
(4)Includes interest expense and financing fees of $51 million, $65 million, $156 million and $180 million for the three and nine months ended September 30, 2022 and 2021, respectively.
The table below presents segment revenues for the three and nine months ended September 30, 2022 and 2021.
 
Three Months Ended September 30,Nine Months Ended September 30,
 
2022202120222021
(in millions)
Segment revenues:
Individual Retirement (1)$1,017 $998 $3,061 $2,957 
Group Retirement (1)289 343 924 1,018 
Investment Management and Research (2)996 1,093 3,134 3,169 
Protection Solutions (1)791 838 2,478 2,496 
Corporate and Other (1)363 479 1,087 1,199 
Adjustments related to:
Variable annuity product features(107)(256)2,468 (3,750)
Investment gains (losses), net(333)164 (890)767 
Other adjustments to segment revenues(7)(44)(141)(138)
Total revenues$3,009 $3,615 $12,121 $7,718 
______________
(1)Includes investment expenses charged by AB of $33 million, $20 million, $77 million and $59 million for the three and nine months ended September 30, 2022 and 2021, respectively, for services provided to the Company.
(2)Inter-segment investment management and other fees of $41 million $32 million, $101 million and $94 million for the three and nine months ended September 30, 2022 and 2021, respectively, are included in segment revenues of the Investment Management and Research segment.

The table below presents total assets by segment as of September 30, 2022 and 2021:
 
September 30, 2022December 31, 2021
(in millions)
Total assets by segment:
Individual Retirement$119,883 $143,663 
Group Retirement38,908 55,368 
Investment Management and Research12,370 11,602 
Protection Solutions36,998 50,686 
Corporate and Other37,441 30,943 
Total assets$245,600 $292,262