

	Three Months Ended June 30, 2026
	Advice & Wealth Management		Asset Management		Retirement & Protection Solutions		Corporate & Other		Total Segments		Non-operating Revenue		Total
	(in millions)
Management and financial advice fees:
Asset management fees:
Retail	$	—	$	597	$	—	$	—	$	597	$	—	$	597
Institutional	—		149		—		—		149		—		149
Model delivery	—		27		—		—		27		—		27
Advisory fees	1,859		—		—		—		1,859		—		1,859
Financial planning fees	126		—		—		—		126		—		126
Transaction and other fees	105		54		15		—		174		—		174
Total management and financial advice fees	2,090		827		15		—		2,932		—		2,932
Distribution fees:
Mutual funds	244		65		—		—		309		—		309
Insurance and annuity	281		40		87		—		408		—		408
Off-balance sheet brokerage cash	21		—		—		—		21		—		21
Other products	138		—		—		—		138		—		138
Total distribution fees	684		105		87		—		876		—		876
Other revenues	77		4		—		—		81		—		81
Total revenue from contracts with customers	2,851		936		102		—		3,889		—		3,889
Revenue from other sources (1)	468		11		873		118		1,470		46		1,516
Total segment gross revenues	3,319		947		975		118		5,359		46		5,405
Banking and deposit interest expense	(73)		—		—		(4)		(77)		—		(77)
Total segment net revenues	3,246		947		975		114		5,282		46		5,328
Elimination of intersegment revenues	(254)		(23)		(110)		4		(383)		(5)		(388)
Total net revenues	$	2,992	$	924	$	865	$	118	$	4,899	$	41	$	4,940



	Three Months Ended June 30, 2025
	Advice & Wealth Management		Asset Management		Retirement & Protection Solutions		Corporate & Other		Total Segments		Non-operating Revenue		Total
	(in millions)
Management and financial advice fees:
Asset management fees:
Retail	$	—	$	515	$	—	$	—	$	515	$	—	$	515
Institutional	—		131		—		—		131		—		131
Model delivery	—		23		—		—		23		—		23
Advisory fees	1,517		—		—		—		1,517		—		1,517
Financial planning fees	120		—		—		—		120		—		120
Transaction and other fees	100		50		12		—		162		—		162
Total management and financial advice fees	1,737		719		12		—		2,468		—		2,468
Distribution fees:
Mutual funds	212		53		—		—		265		—		265
Insurance and annuity	258		38		81		—		377		—		377
Off-balance sheet brokerage cash	25		—		—		—		25		—		25
Other products	108		—		—		—		108		—		108
Total distribution fees	603		91		81		—		775		—		775
Other revenues	71		3		—		1		75		—		75
Total revenue from contracts with customers	2,411		813		93		1		3,318		—		3,318
Revenue from other sources (1)	511		17		843		123		1,494		44		1,538
Total segment gross revenues	2,922		830		936		124		4,812		44		4,856
Banking and deposit interest expense	(115)		—		—		(8)		(123)		—		(123)
Total segment net revenues	2,807		830		936		116		4,689		44		4,733
Elimination of intersegment revenues	(228)		(25)		(108)		7		(354)		(4)		(358)
Total net revenues	$	2,579	$	805	$	828	$	123	$	4,335	$	40	$	4,375


	Six Months Ended June 30, 2026
	Advice & Wealth Management		Asset Management		Retirement & Protection Solutions		Corporate & Other		Total Segments		Non-operating Revenue		Total
	(in millions)
Management and financial advice fees:
Asset management fees:
Retail	$	—	$	1,160	$	—	$	—	$	1,160	$	—	$	1,160
Institutional	—		294		—		—		294		—		294
Model delivery	—		54		—		—		54		—		54
Advisory fees	3,656		—		—		—		3,656		—		3,656
Financial planning fees	241		—		—		—		241		—		241
Transaction and other fees	204		107		30		—		341		—		341
Total management and financial advice fees	4,101		1,615		30		—		5,746		—		5,746
Distribution fees:
Mutual funds	481		126		—		—		607		—		607
Insurance and annuity	541		79		170		—		790		—		790
Off-balance sheet brokerage cash	47		—		—		—		47		—		47
Other products	279		—		—		—		279		—		279
Total distribution fees	1,348		205		170		—		1,723		—		1,723
Other revenues	155		9		—		—		164		—		164
Total revenue from contracts with customers	5,604		1,829		200		—		7,633		—		7,633
Revenue from other sources (1)	964		28		1,727		225		2,944		88		3,032
Total segment gross revenues	6,568		1,857		1,927		225		10,577		88		10,665
Banking and deposit interest expense	(147)		—		—		(8)		(155)		—		(155)
Total segment net revenues	6,421		1,857		1,927		217		10,422		88		10,510
Elimination of intersegment revenues	(493)		(46)		(218)		8		(749)		(9)		(758)
Total net revenues	$	5,928	$	1,811	$	1,709	$	225	$	9,673	$	79	$	9,752



	Six Months Ended June 30, 2025
	Advice & Wealth Management		Asset Management		Retirement & Protection Solutions		Corporate & Other		Total Segments		Non-operating Revenue		Total
	(in millions)
Management and financial advice fees:
Asset management fees:
Retail	$	—	$	1,045	$	—	$	—	$	1,045	$	—	$	1,045
Institutional	—		265		—		—		265		—		265
Model delivery	—		45		—		—		45		—		45
Advisory fees	3,032		—		—		—		3,032		—		3,032
Financial planning fees	230		—		—		—		230		—		230
Transaction and other fees	194		100		27		—		321		—		321
Total management and financial advice fees	3,456		1,455		27		—		4,938		—		4,938
Distribution fees:
Mutual funds	426		108		—		—		534		—		534
Insurance and annuity	501		77		163		—		741		—		741
Off-balance sheet brokerage cash	61		—		—		—		61		—		61
Other products	228		—		—		—		228		—		228
Total distribution fees	1,216		185		163		—		1,564		—		1,564
Other revenues	140		8		—		1		149		—		149
Total revenue from contracts with customers	4,812		1,648		190		1		6,651		—		6,651
Revenue from other sources (1)	1,019		28		1,672		235		2,954		93		3,047
Total segment gross revenues	5,831		1,676		1,862		236		9,605		93		9,698
Banking and deposit interest expense	(242)		—		—		(16)		(258)		—		(258)
Total segment net revenues	5,589		1,676		1,862		220		9,347		93		9,440
Elimination of intersegment revenues	(450)		(51)		(217)		15		(703)		(8)		(711)
Total net revenues	$	5,139	$	1,625	$	1,645	$	235	$	8,644	$	85	$	8,729