Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of segment reporting information

	June 30, 2013		December 31, 2012
	(in millions)
Advice & Wealth Management	$	9,060	$	8,962
Asset Management	7,067		6,267
Annuities	92,322		91,587
Protection	19,219		19,065
Corporate & Other	9,590		8,848
Total assets	$	137,258	$	134,729

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(in millions)
Operating net revenues:
Advice & Wealth Management	$	1,076		$	953		$	2,094		$	1,907
Asset Management	822			707			1,568			1,418
Annuities	641			628			1,271			1,256
Protection	551			528			1,089			1,050
Corporate & Other	(4		)	7			(7		)	15
Eliminations (1) (2)	(348		)	(305		)	(669		)	(617		)
Total segment operating revenues	2,738			2,518			5,346			5,029
Net realized gains (losses)	—			(5		)	1			(7		)
Revenues of CIEs	12			1			94			53
Market impact on IUL benefits, net	(1		)	—			(1		)	—
Total net revenues per consolidated statements of operations	$	2,749		$	2,514		$	5,440		$	5,075

(1) Represents the elimination of intersegment revenues recognized for the three months ended June 30, 2013 and 2012 in each segment as follows:

Advice & Wealth Management ($252 and $218, respectively); Asset Management ($10 and $12, respectively); Annuities ($76 and $66, respectively); Protection ($10 and $9, respectively); and Corporate & Other (nil and nil, respectively).

(2) Represents the elimination of intersegment revenues recognized for the six months ended June 30, 2013 and 2012 in each segment as follows:

Advice & Wealth Management ($480 and $447, respectively); Asset Management ($19 and $22, respectively); Annuities ($149 and $129, respectively); Protection ($20 and $18, respectively); and Corporate & Other ($1 and $1, respectively).

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
	(in millions)
Operating earnings:
Advice & Wealth Management	$	152		$	111		$	283		$	205
Asset Management	199			130			343			261
Annuities	124			116			280			305
Protection	98			109			208			216
Corporate & Other	(85		)	(67		)	(166		)	(132		)
Total segment operating earnings	488			399			948			855
Net realized gains (losses)	—			(5		)	1			(7		)
Net loss attributable to noncontrolling interests	(40		)	(53		)	(10		)	(49		)
Market impact on variable annuity living benefits, net	(43		)	(16		)	(45		)	(129		)
Market impact on IUL benefits, net	(2		)	—			(2		)	—
Integration and restructuring charges	(1		)	(26		)	(3		)	(49		)
Income from continuing operations before income tax provision per consolidated statements of operations	$	402		$	299		$	889		$	621

- 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.

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