Riversource Life Insurance 10-K 22 Feb 24 2023 FY Annual report Financial data

Cover

Cover - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Feb. 22, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	033-28976
Entity Registrant Name	RIVERSOURCE LIFE INSURANCE COMPANY
Entity Incorporation, State or Country Code	MN
Entity Tax Identification Number	41-0823832
Entity Address, Address Line One	1099 Ameriprise Financial Center
Entity Address, City or Town	Minneapolis
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55474
City Area Code	(612)
Local Phone Number	671-3131
Title of 12(b) Security	Common Stock (par value $30 per share)
No Trading Symbol Flag	true
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		100,000
Entity Central Index Key	0000727892
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Public Float	$ 0

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Auditor Information [Abstract]
Auditor Firm ID	238
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Minneapolis, Minnesota

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Investments:
Market risk benefits	$ 1,427	$ 1,015	[1]
Reinsurance recoverables (allowance for credit losses: 2023, $27; 2022, $23)	4,284	4,228	[1]
Accrued investment income	176	145	[1]
Deferred acquisition costs	2,696	2,759	[1]
Separate account assets	74,634	70,876	[1]
Total assets	123,885	115,403	[1]
Liabilities:
Policyholder account balances, future policy benefits and claims	37,535	34,122	[1]
Market risk benefits	1,762	2,118	[1]
Short-term borrowings	201	201	[1]
Separate account liabilities	74,634	70,876	[1]
Total liabilities	122,728	114,430	[1]
Shareholder's equity:
Common stock, $30 par value; 100,000 shares authorized, issued and outstanding	3	3	[1]
Additional paid-in capital	2,466	2,466	[1]
Accumulated deficit	(618)	(412)	[1]
Accumulated other comprehensive income (loss), net of tax	(694)	(1,084)	[1]
Total shareholder’s equity	1,157	973	[1]
Total liabilities and shareholder’s equity	123,885	115,403	[1]
RiverSource Life
Investments:
Available-for-Sale: Fixed maturities, at fair value (amortized cost: 2023, $19,871; 2022, $17,331; allowance for credit losses: 2023, $2; 2022, $22)	19,374	16,135	[1]
Mortgage loans, at amortized cost (allowance for credit losses: 2023, $10; 2022, $11)	1,725	1,768	[1]
Policy loans	912	847	[1]
Other investments (allowance for credit losses: 2023, nil; 2022, nil)	165	207	[1]
Total investments	22,176	18,957	[1]
Cash and cash equivalents	2,598	2,611	[1]
Receivables	6,702	7,577	[1]
Other assets	6,977	4,726	[1]
Liabilities:
Short-term borrowings	201	201
Long-term debt	500	500	[1]
Other liabilities	5,896	4,131	[1]
Consolidated investment entities
Investments:
Total investments	2,099	2,354	[1]
Cash and cash equivalents	87	133	[1]
Receivables	28	20	[1]
Other assets	1	2	[1]
Liabilities:
Long-term debt	2,155	2,363	[1]
Other liabilities	$ 45	$ 119	[1]
[1]Certain prior period amounts have been restated. See Note 3 for more information.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Shareholder's equity
Common stock, par value (in dollars per share)	$ 30	$ 30
Common stock, shares authorized (in shares)	100,000	100,000
Common stock, shares issued (in shares)	100,000	100,000
Common stock, shares outstanding (in shares)	100,000	100,000
RiverSource Life
Assets
Available-for-sale: Fixed maturities, amortized cost	$ 19,871	$ 17,331
Available-for-Sale: Fixed maturities, allowance for credit losses	2	22
Reinsurance recoverables, allowance for credit losses	27	23
RiverSource Life | Fixed maturity securities
Assets
Available-for-sale: Fixed maturities, amortized cost	19,871	17,331
Available-for-Sale: Fixed maturities, allowance for credit losses	2	22
RiverSource Life | Mortgage loans
Assets
Allowance for credit losses	10	11
RiverSource Life | Other investments
Assets
Allowance for credit losses	$ 0	$ 0

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021	[1]
Revenues
Premiums	$ 448	$ 306	[1]	$ (871)
Net investment income	1,304	827	[1]	827
Policy and contract charges	2,020	2,078	[1]	2,250
Other revenues	590	644	[1]	616
Net realized investment gains (losses)	(70)	(100)	[1]	595
Total revenues	4,292	3,755	[1]	3,417
Benefits and expenses
Benefits, claims, losses and settlement expenses	1,348	236	[1]	(157)
Interest credited to fixed accounts	654	665	[1]	600
Remeasurement (gains) losses of future policy benefit reserves	(20)	1	[1]	(52)
Change in fair value of market risk benefits	798	311	[1]	(113)
Amortization of deferred acquisition costs	239	241	[1]	245
Interest and debt expense	192	108	[1]	105
Other insurance and operating expenses	697	682	[1]	751
Total benefits and expenses	3,908	2,244	[1]	1,379
Pretax income (loss)	384	1,511	[1]	2,038
Income tax provision (benefit)	(10)	209	[1]	316
Net income	$ 394	$ 1,302	[2]	$ 1,722
[1]Certain prior period amounts have been restated. See Note 3 for more information.[2]Certain prior period amounts have been restated. See Note 3 for more information.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ 394	$ 1,302	[1]	$ 1,722	[2]
Other comprehensive income (loss), net of tax:
Net unrealized gains (losses) on securities	509	(2,035)	[3]	(848)	[3]
Effect of changes in discount rate assumptions on certain long-duration contracts	(54)	861	[3]	284	[3]
Effect of changes in instrument-specific credit risk on market risk benefits	(65)	407	[3]	100	[3]
Total other comprehensive income (loss), net of tax	390	(767)	[3]	(464)	[3]
Total comprehensive income (loss)	$ 784	$ 535	[3]	$ 1,258	[3]
[1]Certain prior period amounts have been restated. See Note 3 for more information.[2]Certain prior period amounts have been restated. See Note 3 for more information.[3]Certain prior period amounts have been restated. See Note 3 for more information.

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDER'S EQUITY - USD ($) $ in Millions		Total		Cumulative Effect, Period of Adoption, Adjustment	Common Shares		Additional Paid-In Capital		Retained Earnings (Deficit)		Retained Earnings (Deficit) Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)		Accumulated Other Comprehensive Income (Loss) Cumulative Effect, Period of Adoption, Adjustment
Beginning balance at Dec. 31, 2020		$ 3,577		$ (1,897)	$ 3		$ 2,466		$ (76)		$ (860)	$ 1,184		$ (1,037)
Increase (Decrease) in Stockholders' Equity
Net income		1,722	[1]						1,722
Other comprehensive income (loss), net of tax		(464)	[2]									(464)
Cash dividends to Ameriprise Financial, Inc.		(1,900)							(1,900)
Ending balance at Dec. 31, 2021	[3]	1,038			3		2,466		(1,114)			(317)
Increase (Decrease) in Stockholders' Equity
Net income		1,302	[4]						1,302
Other comprehensive income (loss), net of tax		(767)	[2]									(767)
Cash dividends to Ameriprise Financial, Inc.		(600)							(600)
Ending balance at Dec. 31, 2022		973	[5]		3	[3]	2,466	[3]	(412)	[3]		(1,084)	[3]
Increase (Decrease) in Stockholders' Equity
Net income		394							394
Other comprehensive income (loss), net of tax		390										390
Cash dividends to Ameriprise Financial, Inc.		(600)							(600)
Ending balance at Dec. 31, 2023		$ 1,157			$ 3		$ 2,466		$ (618)			$ (694)
[1]Certain prior period amounts have been restated. See Note 3 for more information.[2]Certain prior period amounts have been restated. See Note 3 for more information.[3]Certain prior period amounts have been restated. See Note 3 for more information.[4]Certain prior period amounts have been restated. See Note 3 for more information.[5]Certain prior period amounts have been restated. See Note 3 for more information.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Net income		$ 394	$ 1,302	[1]	$ 1,722	[2]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation, amortization and accretion, net		(205)	(201)	[1]	(98)	[1]
Deferred income tax (benefit) expense		100	154	[1]	138	[1]
Contractholder and policyholder charges, non-cash		(403)	(395)	[1]	(390)	[1]
Loss from equity method investments		26	48	[1]	72	[1]
Net realized investment (gains) losses		46	(3)	[1]	(611)	[1]
Impairments and provision for loan losses		(20)	91	[1]	(3)	[1]
Net losses (gains) of consolidated investment entities		23	17	[1]	(20)	[1]
Change in operating assets and liabilities:
Deferred acquisition costs		63	62	[1]	(9)	[1]
Policyholder account balances, future policy benefits and claims, and market risk benefits, net		3,474	1,013	[1]	1,482	[1]
Derivatives, net of collateral		(666)	311	[1]	(575)	[1]
Reinsurance recoverables		100	84	[1]	(19)	[1]
Receivables		333	279	[1]	114	[1]
Accrued investment income		(31)	(21)	[1]	10	[1]
Current income tax, net		(323)	72	[1]	(321)	[1]
Other operating assets and liabilities of consolidated investment entities		(5)	2	[1]	20	[1]
Other, net		134	136	[1]	66	[1]
Net cash provided by (used in) operating activities		3,040	2,951	[1]	1,578	[1]
Available-for-Sale securities:
Proceeds from sales		617	1,309	[1]	555	[1]
Maturities, sinking fund payments and calls		963	1,563	[1]	2,804	[1]
Purchases		(4,187)	(5,600)	[1]	(3,677)	[1]
Proceeds from sales, maturities and repayments of mortgage loans		118	141	[1]	272	[1]
Funding of mortgage loans		(74)	(124)	[1]	(215)	[1]
Proceeds from sales and collections of other investments		29	24	[1]	93	[1]
Purchase of other investments		(15)	(46)	[1]	(32)	[1]
Purchase of investments by consolidated investment entities		(427)	(961)	[1]	(1,603)	[1]
Proceeds from sales, maturities and repayments of investments by consolidated investment entities		643	615	[1]	1,047	[1]
Purchase of equipment and software		(10)	(13)	[1]	(13)	[1]
Change in policy loans, net		(65)	(13)	[1]	12	[1]
Cash paid for deposit receivable		(39)	(45)	[1]	(377)	[1]
Cash received for deposit receivable		774	550	[1]	254	[1]
Advance on line of credit to Ameriprise Financial, Inc.		(850)	(1,034)	[1]	(1)	[1]
Repayment from Ameriprise Financial, Inc. on line of credit		850	1,034	[1]	1	[1]
Cash paid for written options with deferred premiums		(59)	(619)	[1]	(552)	[1]
Cash received from written options with deferred premiums		43	204	[1]	106	[1]
Other, net		25	21	[1]	(39)	[1]
Net cash provided by (used in) investing activities		(1,664)	(2,994)	[1]	(1,365)	[1]
Policyholder account balances:
Deposits and other additions		1,476	1,169	[1]	1,553	[1]
Surrenders and other benefits		(2,102)	(1,459)	[1]	(1,365)	[1]
Net transfers from (to) separate accounts		(132)	(162)	[1]	(273)	[1]
Proceeds from line of credit with Ameriprise Financial, Inc.		0	0	[1]	6	[1]
Payments on line of credit with Ameriprise Financial, Inc.		0	0	[1]	(6)	[1]
Cash paid for purchased options with deferred premiums		(53)	(197)	[1]	(156)	[1]
Cash received for purchased options with deferred premiums		251	378	[1]	1,350	[1]
Borrowings by consolidated investment entities		0	341	[1]	1,756	[1]
Repayments of debt by consolidated investment entities		(275)	(4)	[1]	(1,142)	[1]
Cash dividends to Ameriprise Financial, Inc.		(600)	(600)	[1]	(1,900)	[1]
Net cash provided by (used in) financing activities		(1,435)	(534)	[1]	(177)	[1]
Net increase (decrease) in cash and cash equivalents		(59)	(577)	[1]	36	[1]
Cash and cash equivalents at beginning of period	[1]	2,744	3,321		3,285
Cash and cash equivalents at end of period		2,685	2,744	[1]	3,321	[1]
Supplemental Disclosures:
Income taxes paid (received), net		215	(17)	[1]	496	[1]
Non-cash investing activity:
Exchange of an investment that resulted in a realized gain and an increase to amortized cost		0	0	[1]	17	[1]
Investments transferred in connection with reinsurance transaction		0	0	[1]	7,513	[1]
RiverSource Life
Supplemental Disclosures:
Interest paid		28	3	[1]	0	[1]
Consolidated investment entities
Supplemental Disclosures:
Interest paid		$ 177	$ 75	[1]	$ 90	[1]
[1]Certain prior period amounts have been restated. See Note 3 for more information.[2]Certain prior period amounts have been restated. See Note 3 for more information.

Nature of Business and Basis of

Nature of Business and Basis of Presentation	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business and Basis of Presentation	Nature of Business and Basis of Presentation RiverSource Life Insurance Company is a stock life insurance company with one wholly owned stock life insurance company subsidiary, RiverSource Life Insurance Co. of New York (“RiverSource Life of NY”). RiverSource Life Insurance Company is a wholly owned subsidiary of Ameriprise Financial, Inc. (“Ameriprise Financial”). • RiverSource Life Insurance Company is domiciled in Minnesota and holds Certificates of Authority in American Samoa, the District of Columbia and all states except New York. RiverSource Life Insurance Company issues insurance and annuity products. • RiverSource Life of NY is domiciled and holds a Certificate of Authority in New York. RiverSource Life of NY issues insurance and annuity products. RiverSource Life Insurance Company also wholly owns RiverSource Tax Advantaged Investments, Inc. (“RTA”) and Columbia Cent CLO Advisors, LLC (“Columbia Cent”). RTA is a stock company domiciled in Delaware and is a limited partner in affordable housing partnership investments. Columbia Cent provides asset management services to collateralized loan obligations (“CLOs”). The accompanying Consolidated Financial Statements include the accounts of RiverSource Life Insurance Company and companies in which it directly or indirectly has a controlling financial interest and variable interest entities (“VIEs”) in which it is the primary beneficiary (collectively, the “Company”). All intercompany transactions and balances have been eliminated in consolidation. The accompanying Consolidated Financial Statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) which vary in certain respects from reporting practices prescribed or permitted by state insurance regulatory authorities as described in Note 16. Certain reclassifications of prior period amounts have been made to conform with the current presentation. The Company evaluated events or transactions that occurred after the balance sheet date for potential recognition or disclosure through the date the financial statements were issued. No subsequent events or transactions requiring recognition or disclosure were identified. The Company’s principal products are variable annuities, structured variable annuities, universal life (“UL”) insurance, including indexed universal life (“IUL”) and variable universal life (“VUL”) insurance, which are issued primarily to individuals. Waiver of premium and accidental death benefit riders are generally available with UL products, in addition to other benefit riders. Variable annuity contract purchasers can choose to add optional benefit riders to their contracts, such as guaranteed minimum death benefits (“GMDB”), guaranteed minimum withdrawal benefits (“GMWB”) and guaranteed minimum accumulation benefits (“GMAB”) riders. The Company also offers payout annuities, term life insurance and disability income (“DI”) insurance. The Company’s business is sold through the advisor network of Ameriprise Financial Services, LLC (“AFS”), a subsidiary of Ameriprise Financial. RiverSource Distributors, Inc., a subsidiary of Ameriprise Financial, serves as the principal underwriter and distributor of variable annuity and life insurance products issued by the Company.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The Company adopted Accounting Standards Update (“ASU”), Financial Services – Insurance – Targeted Improvements to the Accounting for Long-Duration Contracts (“ASU 2018-12”), effective January 1, 2023 with a transition date of January 1, 2021. The significant accounting policies for market risk benefits (“MRB”); deferred acquisition costs (“DAC”); deferred sales inducement costs (“DSIC”); reinsurance; policyholder account balances, future policy benefits and claims; and unearned revenue liability were added or updated as a result of adopting the new accounting standard. See Note 3 for additional information related to the transition approach and adoption impact. Principles of Consolidation A VIE is an entity that either has equity investors that lack certain essential characteristics of a controlling financial interest (including substantive voting rights, the obligation to absorb the entity’s losses, or the rights to receive the entity’s returns) or has equity investors that do not provide sufficient financial resources for the entity to support its activities. Voting interest entities (“VOEs”) are those entities that do not qualify as a VIE. The Company consolidates VOEs in which it holds a greater than 50% voting interest. The Company generally accounts for entities using the equity method when it holds a greater than 20% but less than 50% voting interest or when the Company exercises significant influence over the entity. All other investments that are not reported at fair value as trading or Available-for-Sale securities are accounted for using the measurement alternative method when the Company owns less than a 20% voting interest and does not exercise significant influence. Under the measurement alternative, the investment is recorded at the cost basis, less impairments, if any, plus or minus observable price changes of identical or similar investments of the same issuer. A VIE is consolidated by the reporting entity that determines it has both: • the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance; and • the obligation to absorb potentially significant losses or the right to receive potentially significant benefits to the VIE. All VIEs are assessed for consolidation under this framework. When evaluating entities for consolidation, the Company considers its contractual rights in determining whether it has the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance. In determining whether the Company has this power, it considers whether it is acting in a role that enables it to direct the activities that most significantly impact the economic performance of an entity or if it is acting in an agent role. In determining whether the Company has the obligation to absorb potential significant losses of the VIE or the right to receive potential significant benefits from the VIE that could potentially be significant to the VIE, the Company considers an analysis of its rights to receive benefits such as investment returns and its obligation to absorb losses associated with any investment in the VIE in conjunction with other qualitative factors. Management and incentive fees that are at market and commensurate with the level of services provided, and where the Company does not hold other interests in the VIE that would absorb more than an insignificant amount of the VIE’s expected losses or receive more than an insignificant amount of the VIE’s expected residual returns, are not considered a variable interest and are excluded from the analysis. The consolidation guidance has a scope exception for reporting entities with interests in registered money market funds which do not have an explicit support agreement. Amounts Based on Estimates and Assumptions Accounting estimates are an integral part of the Consolidated Financial Statements. In part, they are based upon assumptions concerning future events. Among the more significant are those that relate to investment securities valuation and the recognition of credit losses or impairments, valuation of derivative instruments, litigation reserves, future policy benefits, market risk benefits, and income taxes and the recognition of deferred tax assets and liabilities. These accounting estimates reflect the best judgment of management and actual results could differ. Investments Available-for-Sale Securities Available-for-Sale securities are carried at fair value with unrealized gains (losses) recorded in accumulated other comprehensive income (“AOCI”), net of impacts to benefit reserves, reinsurance recoverables and income taxes. Gains and losses are recognized on a trade date basis in the Consolidated Statements of Income upon disposition of the securities. Available-for-Sale securities are impaired when the fair value of an investment is less than its amortized cost. When an Available-for-Sale security is impaired, the Company first assesses whether or not: (i) it has the intent to sell the security (i.e., made a decision to sell) or (ii) it is more likely than not that the Company will be required to sell the security before its anticipated recovery. If either of these conditions exist, the Company recognizes an impairment by reducing the book value of the security for the difference between the investment’s amortized cost and its fair value with a corresponding charge to earnings. Subsequent increases in the fair value of Available-for-Sale securities that occur in periods after a write-down has occurred are recorded as unrealized gains in other comprehensive income (“OCI”), while subsequent decreases in fair value would continue to be recorded as reductions of book value with a charge to earnings. For securities that do not meet the above criteria, the Company determines whether the decrease in fair value is due to a credit loss or due to other factors. The amount of impairment due to credit-related factors, if any, is recognized as an allowance for credit losses with a related charge to net realized investment gains (losses). The allowance for credit losses is limited to the amount by which the security’s amortized cost basis exceeds its fair value. The amount of the impairment related to other factors is recognized in OCI. Factors the Company considers in determining whether declines in the fair value of fixed maturity securities are due to credit-related factors include: (i) the extent to which the market value is below amortized cost; (ii) fundamental analysis of the liquidity, business prospects and overall financial condition of the issuer; and (iii) market events that could impact credit ratings, economic and business climate, litigation and government actions, and similar external business factors. If through subsequent evaluation there is a sustained increase in cash flows expected, both the allowance and related charge to earnings may be reversed to reflect the increase in expected principal and interest payments. In order to determine the amount of the credit loss component for corporate debt securities, a best estimate of the present value of cash flows expected to be collected discounted at the security’s effective interest rate is compared to the amortized cost basis of the security. The significant inputs to cash flow projections consider potential debt restructuring terms, projected cash flows available to pay creditors and the Company’s position in the debtor’s overall capital structure. When assessing potential credit-related impairments for structured investments (e.g., residential mortgage backed securities, commercial mortgage backed securities and asset backed securities), the Company also considers credit-related factors such as overall deal structure and its position within the structure, quality of underlying collateral, delinquencies and defaults, loss severities, recoveries, prepayments and cumulative loss projections. Management has elected to exclude accrued interest in its measurement of the allowance for credit losses for Available-for-Sale securities. Accrued interest on Available-for-Sale securities is recorded as earned in Accrued investment income. Available-for-Sale securities are generally placed on nonaccrual status when the accrued balance becomes 90 days past due or earlier based on management’s evaluation of the facts and circumstances of each security under review. All previously accrued interest is reversed through Net investment income. Other Investments Other investments primarily reflect the Company’s interests in affordable housing partnerships and syndicated loans. Affordable housing partnerships are accounted for under the equity method. Financing Receivables Financing receivables are comprised of commercial loans, policy loans, and deposit receivables. Commercial Loans Commercial loans include commercial mortgage loans and syndicated loans and are recorded at amortized cost less the allowance for credit losses. Commercial mortgage loans are recorded within Mortgage loans and syndicated loans are recorded within Other investments. Commercial mortgage loans are loans on commercial properties that are originated by the Company. Syndicated loans represent the Company’s investment in loan syndications originated by unrelated third parties. Interest income is accrued as earned on the unpaid principal balances of the loans. Interest income recognized on commercial mortgage loans and syndicated loans is recorded in Net investment income. Policy Loans Policy loans do not exceed the cash surrender value at origination. As there is minimal risk of loss related to policy loans, there is no allowance for credit losses. Interest income is accrued as earned on the unpaid principal balances of the loans. Interest income recognized on policy loans is recorded in Net investment income. Deposit Receivables For each of its reinsurance agreements, the Company determines whether the agreement provides indemnification against loss or liability related to insurance risk in accordance with applicable accounting standards. If the Company determines that a reinsurance agreement does not expose the reinsurer to a reasonable possibility of a significant loss from insurance risk, the Company records the agreement using the deposit method of accounting. Deposits made and any related embedded derivatives are included in Receivables. As amounts are received, consistent with the underlying contracts, deposit receivables are adjusted. Deposit receivables are accreted using the interest method and the accretion is reported in Other revenues. See Note 7 for additional information on financing receivables. Allowance for Credit Losses The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected over the asset’s expected life, considering past events, current conditions and reasonable and supportable forecasts of future economic conditions. Estimates of expected credit losses consider both historical charge-off and recovery experience as well as current economic conditions and management’s expectation of future charge-off and recovery levels. Expected losses related to risks other than credit risk are excluded from the allowance for credit losses. The allowance for credit losses is measured and recorded upon initial recognition of the loan, regardless of whether it is originated or purchased. The methods and information used to develop the allowance for credit losses for each class of financing receivable are discussed below. Commercial Loans The allowance for credit losses for commercial mortgage loans and syndicated loans utilizes a probability of default and loss severity approach to estimate lifetime expected credit losses. Actual historical default and loss severity data for each type of commercial loan is adjusted for current conditions and reasonable and supportable forecasts of future economic conditions to develop the probability of default and loss severity assumptions that are applied to the amortized cost basis of the loans over the expected life of each portfolio. The allowance for credit losses on commercial mortgage loans and syndicated loans is recorded through provisions charged to Net realized investment gains (losses) and is reduced/increased by net charge-offs/recoveries. Management determines the adequacy of the allowance for credit losses based on the overall loan portfolio composition, recent and historical loss experience, and other pertinent factors, including when applicable, internal risk ratings, loan-to-value (“LTV”) ratios, and occupancy rates, along with reasonable and supportable forecasts of economic and market conditions. This evaluation is inherently subjective as it requires estimates, which may be susceptible to significant change. While the Company may attribute portions of the allowance to specific loan pools as part of the allowance estimation process, the entire allowance is available to absorb losses expected over the life of the loan portfolio. Deposit Receivables The allowance for credit losses is calculated on an individual reinsurer basis. Deposit receivables are collateralized by underlying trust arrangements. Management evaluates the terms of the reinsurance and trust agreements, the nature of the underlying assets, and the potential for changes in the collateral value when considering the need for an allowance for credit losses. Nonaccrual Loans Commercial mortgage loans and syndicated loans are placed on nonaccrual status when either the collection of interest or principal has become 90 days past due or is otherwise considered doubtful of collection. When a loan is placed on nonaccrual status, unpaid accrued interest is reversed. Interest payments received on loans on nonaccrual status are generally applied to principal unless the remaining principal balance has been determined to be fully collectible. Management has elected to exclude accrued interest in its measurement of the allowance for credit losses for commercial mortgage loans and syndicated loans. Loan Modifications A loan is modified when the Company makes certain concessionary modifications to contractual terms such as principal forgiveness, interest rate reductions, other-than-insignificant payment delays, and/or term extensions in an attempt to make the loan more affordable to a borrower experiencing financial difficulties. Generally, performance prior to the modification or significant events that coincide with the modification are considered in assessing whether the borrower can meet the new terms which may result in the loan being returned to accrual status at the time of the modification or after a performance period. If the borrower’s ability to meet the revised payment schedule is not reasonably assured, the loan remains on nonaccrual status. Charge-off and Foreclosure Charge-offs are recorded when the Company concludes that all or a portion of the commercial mortgage loan or syndicated loan is uncollectible. Factors used by the Company to determine whether all amounts due on commercial mortgage loans will be collected, include but are not limited to, the financial condition of the borrower, performance of the underlying properties, collateral and/or guarantees on the loan, and the borrower’s estimated future ability to pay based on property type and geographic location. Factors used by the Company to determine whether all amounts due on syndicated loans will be collected, include but are not limited to the borrower’s financial condition, industry outlook, and internal risk ratings based on rating agency data and internal analyst expectations. If it is determined that foreclosure on a commercial mortgage loan is probable and the fair value is less than the current loan balance, expected credit losses are measured as the difference between the amortized cost basis of the asset and fair value less estimated costs to sell, if applicable. Upon foreclosure, the commercial mortgage loan and related allowance are reversed, and the foreclosed property is recorded as real estate owned within Other assets. Cash and Cash Equivalents Cash equivalents include highly liquid investments with original or remaining maturities at the time of purchase of 90 days or less. Reinsurance The Company cedes insurance risk to other insurers under reinsurance agreements. Reinsurance premiums paid and benefits received are accounted for consistently with the basis used in accounting for the policies from which risk is reinsured and consistently with the terms of the reinsurance contracts. Reinsurance premiums paid for traditional life, long term care (“LTC”) and DI insurance and life contingent payout annuities, net of the change in any prepaid reinsurance asset, are reported as a reduction of Premiums. Reinsurance recoveries are reported as components of Benefits, claims, losses and settlement expenses. UL and VUL reinsurance premiums are reported as a reduction of Policy and contract charges. In addition, for UL and VUL insurance policies, the net cost of reinsurance ceded, which represents the discounted amount of the expected cash flows between the reinsurer and the Company, is classified as an asset and amortized based on estimated gross profits (“EGPs”) over the period the reinsurance policies are in-force. Changes in the net cost of reinsurance are reflected as a component of Policy and contract charges. Insurance liabilities are reported before the effects of reinsurance. Policyholder account balances, future policy benefits and claims recoverable under reinsurance contracts are recorded within Reinsurance recoverables, net of the allowance for credit losses. The Company evaluates the financial condition of its reinsurers prior to entering into new reinsurance contracts and on a periodic basis during the contract term. The allowance for credit losses related to reinsurance recoverable is based on applying observable industry data including insurer ratings, default and loss severity data to the Company’s reinsurance recoverable balances. Management evaluates the results of the calculation and considers differences between the industry data and the Company’s data. Such differences include that the Company has no actual history of significant losses and that industry data may contain non-life insurers. This evaluation is inherently subjective as it requires estimates, which may be susceptible to significant change given the long-term nature of these receivables. In addition, the Company has a reinsurance protection agreement that provides credit protections for its reinsured LTC business. The allowance for credit losses on reinsurance recoverable is recorded through provisions charged to Benefits, claims, losses and settlement expenses. The Company also assumes life insurance and fixed annuity risk from other insurers in limited circumstances. Reinsurance premiums received and benefits paid are accounted for consistently with the basis used in accounting for the policies from which risk is reinsured and consistently with the terms of the reinsurance contracts. Liabilities for assumed business are recorded within Policyholder account balances, future policy benefits and claims. See Note 9 for additional information on reinsurance. Land, Buildings, Equipment and Software Land, buildings, equipment and internally developed software are carried at cost less accumulated depreciation or amortization and are reflected within Other assets. The Company uses the straight-line method of depreciation and amortization over periods ranging from three As of December 31, 2023 and 2022, land, buildings, equipment and software were $117 million and $123 million, net of accumulated depreciation of $244 million and $229 million as of December 31, 2023 and 2022, respectively. Depreciation and amortization expense for the years ended December 31, 2023, 2022 and 2021 was $15 million, $13 million and $14 million, respectively. Derivative Instruments and Hedging Activities Freestanding derivative instruments are recorded at fair value and are reflected in Other assets or Other liabilities. The Company’s policy is to not offset fair value amounts recognized for derivatives and collateral arrangements executed with the same counterparty under the same master netting arrangement. The accounting for changes in the fair value of a derivative instrument depends on its intended use and the resulting hedge designation, if any. The Company primarily uses derivatives as economic hedges that are not designated as accounting hedges or do not qualify for hedge accounting treatment. The Company occasionally designates derivatives as (i) hedges of changes in the fair value of assets, liabilities, or firm commitments (“fair value hedges”) or (ii) hedges of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedges”). Derivative instruments that are entered into for hedging purposes are designated as such at the time the Company enters into the contract. For all derivative instruments that are designated for hedging activities, the Company documents all of the hedging relationships between the hedge instruments and the hedged items at the inception of the relationships. Management also documents its risk management objectives and strategies for entering into the hedge transactions. The Company assesses, at inception and on a quarterly basis, whether derivatives designated as hedges are highly effective in offsetting the fair value or cash flows of hedged items. If it is determined that a derivative is no longer highly effective as a hedge, the Company will discontinue the application of hedge accounting. For derivative instruments that do not qualify for hedge accounting or are not designated as accounting hedges, changes in fair value are recognized in current period earnings. Changes in fair value of derivatives are presented in the Consolidated Statements of Income based on the nature and use of the instrument. Changes in fair value of derivatives used as economic hedges are presented in the Consolidated Statements of Income with the corresponding change in the hedged asset or liability. For derivative instruments that qualify as fair value hedges, changes in the fair value of the derivatives, as well as changes in the fair value of the hedged assets, liabilities or firm commitments, are recognized on a net basis in current period earnings. The carrying value of the hedged item is adjusted for the change in fair value from the designated hedged risk. If a fair value hedge designation is removed or the hedge is terminated prior to maturity, previous adjustments to the carrying value of the hedged item are recognized into earnings over the remaining life of the hedged item. For derivative instruments that qualify as cash flow hedges, the effective portion of the gain or loss on the derivative instruments is reported in AOCI and reclassified into earnings when the hedged item or transaction impacts earnings. The amount that is reclassified into earnings is presented in the Consolidated Statements of Income with the hedged instrument or transaction impact. Any ineffective portion of the gain or loss is reported in current period earnings as a component of Net investment income. If a hedge designation is removed or a hedge is terminated prior to maturity, the amount previously recorded in AOCI is reclassified to earnings over the period that the hedged item impacts earnings. For hedge relationships that are discontinued because the forecasted transaction is not expected to occur according to the original strategy, any related amounts previously recorded in AOCI are recognized in earnings immediately. The equity component of indexed annuity, structured variable annuity and IUL obligations are considered embedded derivatives. Additionally, certain annuities contain GMAB and GMWB provisions. These GMAB and GMWB provisions are accounted for as market risk benefits under ASU 2018-12. See Note 14 for information regarding the Company’s fair value measurement of derivative instruments and Note 18 for the impact of derivatives on the Consolidated Statements of Income. Market Risk Benefits Market risk benefits are contracts or contract features that both provide protection to the contractholder from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. Market risk benefits include certain contract features on variable annuity products that provide minimum guarantees to contractholders. Guarantees accounted for as market risk benefits include GMDB, guaranteed minimum income benefit (“GMIB”), GMWB and GMAB. If a contract contains multiple market risk benefits, those market risk benefits are bundled together as a single compound market risk benefit. Market risk benefits are measured at fair value, at the individual contract level, using a non-option-based valuation approach or an option-based valuation approach dependent upon the fee structure of the contract. Changes in fair value are recognized in net income each period with the exception of the portion of the change in fair value due to a change in the instrument-specific credit risk, which is recognized in OCI. Deferred Acquisition Costs The Company incurs costs in connection with acquiring new and renewal insurance and annuity businesses. The portion of these costs which are incremental and direct to the acquisition of a new or renewal insurance policy or annuity contract are deferred. Significant costs capitalized include sales based compensation related to the acquisition of new and renewal insurance policies and annuity contracts, medical inspection costs for successful sales, and a portion of employee compensation and benefit costs based upon the amount of time spent on successful sales. Sales based compensation paid to Ameriprise Financial’s advisors and employees and third-party distributors is capitalized. Employee compensation and benefits costs which are capitalized relate primarily to sales efforts, underwriting and processing. All other costs which are not incremental direct costs of acquiring an insurance policy or annuity contract are expensed as incurred. The DAC associated with insurance policies or annuity contracts that are significantly modified or internally replaced with another contract are accounted for as write-offs. These transactions are anticipated in establishing amortization periods and other valuation assumptions. The Company monitors other DAC amortization assumptions, such as persistency, mortality, morbidity, and variable annuity benefit utilization each quarter and, when assessed independently, each could impact the Company’s DAC balances. Unamortized DAC is reduced for actual experience in excess of expected experience. The analysis of DAC balances and the corresponding amortization considers all relevant factors and assumptions described previously. Unless the Company’s management identifies a significant deviation over the course of the quarterly monitoring, management reviews and updates these DAC amortization assumptions annually in the third quarter of each year. DAC is amortized on a constant-level basis for the grouped contracts over the expected contract term to approximate straight-line amortization. Contracts are grouped by contract type and issue year into cohorts consistent with the grouping used in estimating the associated liability for future policy benefits. DAC related to all long-duration product types (except for life contingent payout annuities) is grouped on a calendar-year annual basis for each legal entity. Further disaggregation is reported for any contracts that include an additional liability for death or other insurance benefit. DAC related to life contingent payout annuities is grouped on a calendar-year annual basis for each legal entity for policies issued prior to 2021 and on a quarterly basis for each legal entity thereafter. DAC related to annuity products (including variable deferred annuities, structured variable annuities, fixed deferred annuities, and life contingent payout annuities) is amortized based on initial premium. DAC related to life insurance products (including UL insurance, VUL insurance, IUL insurance, term life insurance, and whole life insurance) is amortized based on original specified amount (i.e., face amount). DAC related to DI insurance is amortized based on original monthly benefit. The accounting contract term for annuity products (except for life contingent payout annuities) is the projected accumulation period. Life contingent payout annuities are amortized over the period which annuity payments are expected to be paid. The accounting contract term for life insurance products is the projected life of the contract. DI insurance is amortized over the projected life of the contract, including the claim paying period. Deferred Sales Inducement Costs Deferred sales inducements are contract features that are intended to attract new customers or to persuade existing customers to keep their current policy. Sales inducement costs consist of bonus interest credits and premium credits added to certain annuity contract and insurance policy values. These benefits are capitalized to the extent they are incremental to amounts that would be credited on similar contracts without the applicable feature. The amounts capitalized are amortized on a constant level basis using the same methodology and assumptions used to amortize DAC on a constant level basis. DSIC is recorded in Other assets and amortization of DSIC is recorded in Benefits, claims, losses and settlement expenses. Separate Account Assets and Liabilities Separate account assets represent funds held for the benefit of and Separate account liabilities represent the obligation to the variable annuity contractholders and variable life insurance policyholders who have a contractual right to receive the benefits of their contract or policy and bear the related investment risk. Gains and losses on separate account assets accrue directly to the contractholder or policyholder and are not reported in the Company’s Consolidated Statements of Income. Separate account assets are recorded at fair value and Separate account liabilities are equal to the assets recognized. Policyholder Account Balances, Future Policy Benefits and Claims The Company establishes reserves to cover the benefits associated with non-traditional and traditional long-duration products. Non-traditional long-duration products include variable and structured variable annuity contracts, fixed annuity contracts and UL and VUL policies. Traditional long-duration products include term life, whole life, DI and LTC insurance. Non-Traditional Long-Duration Products The liabilities for non-traditional long-duration products include fixed account values on variable and fixed annuities and UL and VUL policies, non-life contingent payout annuities, liabilities for guaranteed benefits associated with variable annuities (including structured variable annuities), and embedded derivatives for structured variable annuities, indexed annuities, and IUL products. Liabilities for fixed account values on variable annuities, structured variable annuities, fixed deferred annuities, and UL and VUL policies are equal to accumulation values, which are the cumulative gross deposits and credited interest less withdrawals and various charges. The liability for non-life contingent payout annuities is recognized as the present value of future payments using the effective yield at inception of the contract. A portion of the Company’s UL and VUL policies have product features that result in profits followed by losses from the insurance component of the contract. These profits followed by losses can be generated by the cost structure of the product or secondary guarantees in the contract. The secondary guarantee ensures that, subject to specified conditions, the policy will not terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly deductions and charges. The liability for these future losses is determined at the reporting date by estimating the death benefits in excess of account value and recognizing the excess over the estimated life based on expected assessments (e.g. cost of insurance charges, contractual administrative charges, similar fees and investment margin). See Note 10 for information regarding the liability for contracts with secondary guarantees. Lia

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adoption of New Accounting Standards Financial Instruments – Credit Losses – Troubled Debt Restructurings and Vintage Disclosures In March 2022, the Financial Accounting Standards Board (“FASB”) proposed amendments to ASU 2016-13, Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments (“Topic 326”). The update removes the recognition and measurement guidance for Troubled Debt Restructurings (“TDRs”) by creditors in Subtopic 310-40, Receivables—Troubled Debt Restructurings by Creditors, and modifies the disclosure requirements for certain loan refinancing and restructuring by creditors when a borrower is experiencing financial difficulty. Rather than applying the recognition and measurement for TDRs, an entity must apply the loan refinancing and restructuring guidance to determine whether a modification results in a new loan or a continuation of an existing loan. The update also requires entities to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost. The amendments are to be applied prospectively, but entities may apply a modified retrospective transition for changes to the recognition and measurement of TDRs. For entities that have adopted Topic 326, the amendments are effective for interim and annual periods beginning after December 15, 2022. The Company adopted the standard on January 1, 2023. The adoption of this update did not have an impact on the Company’s consolidated financial condition and results of operations and modifications to disclosures are immaterial in the current period. Financial Services – Insurance – Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, the FASB updated the accounting standard related to long-duration insurance contracts (ASU 2018-12). The guidance changes elements of the measurement models and disclosure requirements for an insurer’s long-duration insurance contract benefits and acquisition costs by expanding the use of fair value accounting to certain contract benefits, requiring updates, if any, and at least annually, to assumptions used to measure liabilities for future policy benefits, changing the amortization pattern of deferred acquisition costs to a constant-level basis and removing certain shadow adjustments previously recorded in AOCI. Adoption of the accounting standard did not impact overall cash flows, insurance subsidiaries’ dividend capacity, or regulatory capital requirements. When the Company adopted the standard effective January 1, 2023 with a transition date of January 1, 2021 (the “transition date”), opening equity was adjusted for the adoption impacts to retained earnings and AOCI and prior periods presented (i.e. 2021 and 2022) were restated. The adoption impact as of January 1, 2021 was a reduction in total equity of $1.9 billion, of which $0.9 billion and $1.0 billion were reflected in retained earnings and AOCI, respectively. The following table presents the effects of the adoption of the above new accounting standard to the Company’s previously reported Consolidated Balance Sheets: As Filed December 31, 2022 Adjustment Post-adoption December 31, 2022 As Filed December 31, 2021 Adjustment Post-adoption December 31, 2021 (in millions) Assets Market risk benefits $ — $ 1,015 $ 1,015 $ — $ 539 $ 539 Reinsurance recoverables (allowance for credit losses: 2022, $23; 2021, $11) 4,412 (184) 4,228 4,529 927 5,456 Deferred acquisition costs 3,141 (382) 2,759 2,757 64 2,821 Other assets 4,791 (65) 4,726 7,015 296 7,311 Total assets $ 115,019 $ 384 $ 115,403 $ 139,427 $ 1,826 $ 141,253 Liabilities and Shareholder’s Equity Liabilities: Policyholder account balances, future policy benefits and claims $ 36,057 $ (1,935) $ 34,122 $ 35,744 $ (727) $ 35,017 Market risk benefits — 2,118 2,118 — 3,440 3,440 Other liabilities 4,120 11 4,131 6,303 216 6,519 Total liabilities 114,236 194 114,430 137,286 2,929 140,215 Shareholder’s equity: Accumulated deficit (799) 387 (412) (912) (202) (1,114) Accumulated other comprehensive income (loss), net of tax (887) (197) (1,084) 584 (901) (317) Total shareholder’s equity 783 190 973 2,141 (1,103) 1,038 Total liabilities and shareholder’s equity $ 115,019 $ 384 $ 115,403 $ 139,427 $ 1,826 $ 141,253 The following table presents the effects of the adoption of the above new accounting standard to the Company’s previously reported Consolidated Statements of Income: Years Ended December 31, As Filed 2022 Adjustment Post-adoption 2022 As Filed 2021 Adjustment Post-adoption 2021 (in millions) Revenues Policy and contract charges $ 2,091 $ (13) $ 2,078 $ 2,304 $ (54) $ 2,250 Total revenues 3,768 (13) 3,755 3,471 (54) 3,417 Benefits and expenses Benefits, claims, losses and settlement expenses 1,366 (1,130) 236 715 (872) (157) Remeasurement (gains) losses of future policy benefit reserves — 1 1 — (52) (52) Change in fair value of market risk benefits — 311 311 — (113) (113) Amortization of deferred acquisition costs 196 45 241 112 133 245 Other insurance and operating expenses 670 12 682 738 13 751 Total benefits and expenses 3,005 (761) 2,244 2,270 (891) 1,379 Pretax income (loss) 763 748 1,511 1,201 837 2,038 Income tax provision (benefit) 50 159 209 137 179 316 Net income (loss) $ 713 $ 589 $ 1,302 $ 1,064 $ 658 $ 1,722 The adoption of the standard did not affect the previously reported totals for net cash flows provided by (used in) operating, investing, or financing activities. Leases – Common Control Arrangements In March 2023, the FASB proposed amendments to ASU 2016-02, Leases (“Topic 842”). The update applicable to all entities requires leasehold improvements associated with common control leases to be amortized over the useful life of the leasehold improvements to the common control group as long as the lessee controls the use of the underlying asset through a lease and to be accounted for as a transfer between entities under common control through an adjustment to equity if, and when, the lessee no longer controls the use of the underlying asset. The amendments are effective for interim and annual periods beginning after December 15, 2023. Early adoption is permitted for both interim and annual financial statements that have not yet been made available for issuance. The Company early adopted the update during the second quarter of 2023 and will apply the amendments prospectively as of the beginning of 2023 to all new and existing leasehold improvements recognized on or after that date with any remaining unamortized balance of existing leasehold improvements amortized over their remaining useful life to the common control group determined at that date. The adoption of this update did not have a material impact on the Company’s consolidated financial condition and results of operations. Future Adoption of New Accounting Standards Segment Reporting – Improvements to Reportable Segment Disclosures In November 2023, the FASB issued ASU 2023-07, Improvements to Reportable Segment Disclosures , updating reportable segment disclosure requirements in accordance with Topic 280, Segment Reporting (“Topic 280”), primarily through enhanced disclosures about significant segment expenses. In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss and contain other disclosure requirements. The amendments also expand Topic 280 disclosures to public entities with one reportable segment. The amendments are effective for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024. Early adoption is permitted. The Company is assessing changes to the segment related disclosures resulting from the standard. The adoption of the standard will not have an impact on the Company’s consolidated financial condition and results of operations as the standard is disclosure-related only. Income Taxes – Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures , updating the accounting standards related to income tax disclosures, primarily focused on the disaggregation of income taxes paid and the rate reconciliation table. The standard is to be applied prospectively with an option for retrospective application and is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is assessing changes to the income tax related disclosures resulting from the standard. The adoption of the standard will not have an impact on the Company’s consolidated financial condition and results of operations as the standard is disclosure-related only.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers The following table presents disaggregated revenue from contracts with customers and a reconciliation to total revenues reported on the Consolidated Statements of Income: Years Ended December 31, 2023 2022 2021 (in millions) Policy and contract charges Affiliated (from Columbia Management Investment Distributors, Inc.) $ 152 $ 164 $ 193 Unaffiliated 14 14 17 Total 166 178 210 Other revenues Administrative fees Affiliated (from Columbia Management Investment Services, Corp.) 39 42 49 Unaffiliated 17 18 20 56 60 69 Other fees Affiliated (from Columbia Management Investment Advisers, LLC (“CMIA”) and Columbia Wanger Asset Management, LLC) 307 334 389 Unaffiliated 4 4 5 311 338 394 Total 367 398 463 Total revenue from contracts with customers 533 576 673 Revenue from other sources (1) 3,759 3,179 2,744 Total revenues $ 4,292 $ 3,755 $ 3,417 (1) Amounts primarily consist of revenue associated with insurance and annuity products and investment income from financial instruments. The following discussion describes the nature, timing, and uncertainty of revenues and cash flows arising from the Company’s contracts with customers. Policy and Contract Charges The Company earns revenue for providing distribution-related services to affiliated and unaffiliated mutual funds that are available as underlying investments in its variable annuity and variable life insurance products. The performance obligation is satisfied at the time the mutual fund is distributed. Revenue is recognized over the time the mutual fund is held in the variable product and is generally earned based on a fixed rate applied, as a percentage, to the net asset value of the fund. The revenue is not recognized at the time of sale because it is variably constrained due to factors outside the Company’s control, including market volatility and how long the fund(s) remain in the insurance policy or annuity contract. The revenue will not be recognized until it is probable that a significant reversal will not occur. These fees are accrued and collected on a monthly basis. Other Revenues Administrative Fees The Company earns revenue for providing customer support, contract servicing and administrative services for affiliated and unaffiliated mutual funds that are available as underlying instruments in its variable annuity and variable life insurance products. The transfer agent and administration revenue is earned daily based on a fixed rate applied, as a percentage, to assets under management. These performance obligations are considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. These fees are accrued and collected on a monthly basis. Other Fees The Company earns revenue for providing affiliated and unaffiliated partners an opportunity to educate the financial advisors of its affiliate, AFS, that sell the Company's products as well as product and marketing personnel to support the offer, sale and servicing of funds within the Company's variable annuity and variable life insurance products. These payments allow the parties to train and support the advisors, explain the features of their products, and distribute marketing and educational materials. The affiliated revenue is earned based on a rate, updated at least annually, which is applied, as a percentage, to the market value of assets invested. The unaffiliated revenue is earned based on a fixed rate applied, as a percentage, to the market value of assets invested. These performance obligations are considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. These fees are accrued and collected on a monthly basis. Receivables Receivables for revenue from contracts with customers are recognized when the performance obligation is satisfied and the Company has an unconditional right to the revenue. Receivables related to revenues from contracts with customers were $49 million and $48 million as of December 31, 2023 and 2022, respectively.

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2023
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities The Company provides asset management services to CLOs which are considered to be VIEs that are sponsored by the Company. In addition, the Company invests in structured investments other than CLOs and certain affordable housing partnerships which are considered VIEs. The Company consolidates the CLOs if the Company is deemed to be the primary beneficiary. The Company has no obligation to provide financial or other support to the non-consolidated VIEs beyond its initial investment and existing future funding commitments, and the Company has not provided any additional support to these entities. The Company has unfunded commitments related to consolidated CLOs of $24 million and $30 million as of December 31, 2023 and 2022, respectively. See Note 2 for further discussion of the Company’s accounting policy on consolidation. Structured Investments The Company invests in structured investments which are considered VIEs for which it is not the sponsor. These structured investments typically invest in fixed income instruments and are managed by third parties and include asset backed securities and commercial and residential mortgage backed securities. The Company classifies these investments as Available-for-Sale securities. The Company has determined that it is not the primary beneficiary of these structures due to the size of the Company’s investment in the entities and position in the capital structure of these entities. Additionally, the Company invests in CLOs for which it is the sponsor. CLOs are asset backed financing entities collateralized by a pool of assets, primarily syndicated loans and, to a lesser extent, high-yield bonds. Multiple tranches of debt securities are issued by a CLO, offering investors various maturity and credit risk characteristics. The debt securities issued by the CLOs are non-recourse to the Company. The CLO’s debt holders have recourse only to the assets of the CLO. The assets of the CLOs cannot be used by the Company. Scheduled debt payments are based on the performance of the CLO’s collateral pool. The Company earns management fees from the CLOs based on the value of the CLO’s collateral pool and, in certain instances, may also receive incentive fees. The fee arrangement is at market and commensurate with the level of effort required to provide those services. The Company has invested in a portion of the unrated, junior subordinated notes and highly rated senior notes of certain CLOs. The Company consolidates certain CLOs where it is the primary beneficiary and has the power to direct the activities that most significantly impact the economic performance of the CLO. The Company’s maximum exposure to loss with respect to structured investments and non-consolidated CLOs is limited to its amortized cost. The Company classifies these investments as Available-for-Sale securities. See Note 6 for additional information on these investments. Affordable Housing Partnerships and Other Real Estate Partnerships The Company is a limited partner in affordable housing partnerships that qualify for government-sponsored low income housing tax credit programs and partnerships that invest in multi-family residential properties that were originally developed with an affordable housing component. The Company has determined it is not the primary beneficiary and therefore does not consolidate these partnerships. A majority of the limited partnerships are VIEs. The Company’s maximum exposure to loss as a result of its investment in the VIEs is limited to the carrying value. The carrying value is reflected in other investments and was $70 million and $92 million as of December 31, 2023 and 2022, respectively. The Company’s liability related to original purchase commitments not yet remitted to the VIEs was not material as of December 31, 2023 and 2022, respectively. The Company has not provided any additional support and is not contractually obligated to provide additional support to the VIEs beyond the funding commitments. Fair Value of Assets and Liabilities The Company categorizes its fair value measurements according to a three-level hierarchy. See Note 14 for the definition of the three levels of the fair value hierarchy. The following tables present the balances of assets and liabilities held by consolidated investment entities measured at fair value on a recurring basis: December 31, 2023 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Corporate debt securities $ — $ 40 $ — $ 40 Common stocks — 5 — 5 Syndicated loans — 1,991 63 2,054 Total investments — 2,036 63 2,099 Receivables — 28 — 28 Other assets — 1 — 1 Total assets at fair value $ — $ 2,065 $ 63 $ 2,128 Liabilities Debt (1) $ — $ 2,155 $ — $ 2,155 Other liabilities — 45 — 45 Total liabilities at fair value $ — $ 2,200 $ — $ 2,200 December 31, 2022 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Corporate debt securities $ — $ 35 $ — $ 35 Common stocks — 3 — 3 Syndicated loans — 2,191 125 2,316 Total investments — 2,229 125 2,354 Receivables — 20 — 20 Other assets — 1 1 2 Total assets at fair value $ — $ 2,250 $ 126 $ 2,376 Liabilities Debt (1) $ — $ 2,363 $ — $ 2,363 Other liabilities — 119 — 119 Total liabilities at fair value $ — $ 2,482 $ — $ 2,482 (1) The carrying value of the CLOs’ debt is set equal to the fair value of the CLOs’ assets. The estimated fair value of the CLOs’ debt was $2.1 billion and $2.4 billion as of December 31, 2023 and 2022, respectively. The following tables provide a summary of changes in Level 3 assets held by consolidated investment entities measured at fair value on a recurring basis: Syndicated Loans Other Assets (in millions) Balance at January 1, 2023 $ 125 $ 1 Total gains (losses) included in: Net income (4) (1) — Purchases 45 — Sales (10) — Settlements (16) — Transfers into Level 3 122 — Transfers out of Level 3 (199) (1) Balance at December 31, 2023 $ 63 $ — Changes in unrealized gains (losses) included in net income relating to assets held at December 31, 2023 $ (1) (1) $ — Common Stocks Syndicated Loans Other Assets (in millions) Balance at January 1, 2022 $ — $ 64 $ 3 Total gains (losses) included in: Net income — (11) (1) — Purchases — 69 — Sales — (4) — Settlements — (8) — Transfers into Level 3 2 218 1 Transfers out of Level 3 (2) (203) (3) Balance at December 31, 2022 $ — $ 125 $ 1 Changes in unrealized gains (losses) included in net income relating to assets held at December 31, 2022 $ — $ (10) (1) $ — Syndicated Loans Other Assets (in millions) Balance at January 1, 2021 $ 92 $ 2 Total gains (losses) included in: Net income 2 (1) 1 (1) Purchases 106 — Sales (38) — Settlements (49) — Transfers into Level 3 119 2 Transfers out of Level 3 (150) (2) Deconsolidation of consolidated investment entities (18) — Balance at December 31, 2021 $ 64 $ 3 Changes in unrealized gains (losses) included in net income relating to assets held at December 31, 2021 $ — $ 1 (1) (1) Included in Net investment income. Securities and loans transferred from Level 3 primarily represent assets with fair values that are now obtained from a third-party pricing service with observable inputs or priced in active markets. Securities and loans transferred to Level 3 represent assets with fair values that are now based on a single non-binding broker quote. All Level 3 measurements as of December 31, 2023 and 2022 were obtained from non-binding broker quotes where unobservable inputs utilized in the fair value calculation are not reasonably available to the Company. Determination of Fair Value Assets Investments The fair value of syndicated loans obtained from third-party pricing services using a market approach with observable inputs is classified as Level 2. The fair value of syndicated loans obtained from third-party pricing services with a single non-binding broker quote as the underlying valuation source is classified as Level 3. The underlying inputs used in non-binding broker quotes are not readily available to the Company. See Note 14 for a description of the Company’s determination of the fair value of corporate debt securities, common stocks and other investments. Receivables For receivables of the consolidated CLOs, the carrying value approximates fair value as the nature of these assets has historically been short-term and the receivables have been collectible. The fair value of these receivables is classified as Level 2. Liabilities Debt The fair value of the CLOs’ assets, typically syndicated bank loans, is more observable than the fair value of the CLOs’ debt tranches for which market activity is limited and less transparent. As a result, the fair value of the CLOs’ debt is set equal to the fair value of the CLOs’ assets and is classified as Level 2. Other Liabilities Other liabilities consist primarily of securities purchased but not yet settled held by consolidated CLOs. The carrying value approximates fair value as the nature of these liabilities has historically been short-term. The fair value of these liabilities is classified as Level 2. Other liabilities also include accrued interest on CLO debt. Fair Value Option The Company has elected the fair value option for the financial assets and liabilities of the consolidated CLOs. Management believes that the use of the fair value option better matches the changes in fair value of assets and liabilities related to the CLOs. The following table presents the fair value and unpaid principal balance of loans and debt for which the fair value option has been elected: December 31, 2023 2022 (in millions) Syndicated loans Unpaid principal balance $ 2,190 $ 2,525 Excess unpaid principal over fair value (136) (209) Fair value $ 2,054 $ 2,316 Fair value of loans more than 90 days past due $ — $ — Fair value of loans in nonaccrual status 13 23 Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both 40 48 Debt Unpaid principal balance $ 2,362 $ 2,636 Excess unpaid principal over fair value (207) (273) Carrying value (1) $ 2,155 $ 2,363 (1) The carrying value of the CLOs’ debt is set equal to the fair value of the CLOs’ assets. The estimated fair value of the CLOs’ debt was $2.1 billion and $2.4 billion as of December 31, 2023 and 2022, respectively. Interest income from syndicated loans, bonds and structured investments is recorded based on contractual rates in Net investment income. Gains and losses related to changes in the fair value of investments are recorded in Net investment income and gains and losses on sales of investments are recorded in Net realized investment gains (losses). Interest expense on debt is recorded in Interest and debt expense with gains and losses related to changes in the fair value of debt recorded in Net investment income. Total net gains (losses) recognized in Net investment income related to the changes in fair value of investments the Company owns in the consolidated CLOs where it has elected the fair value option and collateralized financing entity accounting were immaterial for the years ended December 31, 2023, 2022 and 2021. Debt of the consolidated investment entities and the stated interest rates were as follows: Carrying Value Weighted Average December 31, December 31, 2023 2022 2023 2022 (in millions) Debt of consolidated CLOs due 2028-2034 $ 2,155 $ 2,363 6.6 % 5.3 %

Investments

Investments	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	Investments Available-for-Sale securities distributed by type were as follows: December 31, 2023 Description of Securities Amortized Cost Gross Gross Allowance for Credit Losses Fair (in millions) Fixed maturities: Corporate debt securities $ 10,828 $ 405 $ (497) $ (1) $ 10,735 Residential mortgage backed securities 3,886 20 (264) — 3,642 Commercial mortgage backed securities 2,784 6 (193) — 2,597 State and municipal obligations 717 61 (19) (1) 758 Asset backed securities 1,545 7 (21) — 1,531 Foreign government bonds and obligations 12 — — — 12 U.S. government and agency obligations 99 — — — 99 Total $ 19,871 $ 499 $ (994) $ (2) $ 19,374 December 31, 2022 Description of Securities Amortized Cost Gross Gross Allowance for Credit Losses Fair (in millions) Fixed maturities: Corporate debt securities $ 9,349 $ 180 $ (803) $ (20) $ 8,706 Residential mortgage backed securities 3,254 8 (303) — 2,959 Commercial mortgage backed securities 2,904 2 (255) — 2,651 State and municipal obligations 761 53 (26) (2) 786 Asset backed securities 1,025 10 (38) — 997 Foreign government bonds and obligations 37 — (2) — 35 U.S. government and agency obligations 1 — — — 1 Total $ 17,331 $ 253 $ (1,427) $ (22) $ 16,135 As of December 31, 2023 and 2022, accrued interest of $168 million and $139 million, respectively, is excluded from the amortized cost basis of Available-for-Sale securities in the tables above and is recorded in Accrued investment income As of December 31, 2023 and 2022, fixed maturity securities A summary of fixed maturity securities by rating was as follows: December 31, 2023 December 31, 2022 Ratings Amortized Cost Fair Percent of Amortized Fair Percent of (in millions, except percentages) AAA $ 4,558 $ 4,337 22 % $ 6,313 $ 5,754 36 % AA 3,961 3,799 20 1,159 1,188 7 A 2,213 2,279 12 1,572 1,594 10 BBB 8,813 8,633 44 7,646 7,023 43 Below investment grade (1) 326 326 2 641 576 4 Total fixed maturities $ 19,871 $ 19,374 100 % $ 17,331 $ 16,135 100 % (1) The amortized cost of below investment grade securities includes interest in non-consolidated CLOs managed by the Company of $1 million as of both December 31, 2023 and 2022. The fair value of below investment grade securities includes interest in non-consolidated CLOs managed by the Company of $1 million as of both December 31, 2023 and 2022. These securities are not rated but are included in below investment grade due to their risk characteristics. As of December 31, 2023, approximately 61% of securities rated AA were GNMA, FNMA and FHLMC mortgage backed securities. These issuers were downgraded in the third quarter of 2023 from AAA to AA due to the downgrade of the U.S. Government long-term credit rating. As of December 31, 2022, approximately 36% of securities rated AAA were GNMA, FNMA and FHLMC mortgage backed securities. As of December 31, 2023, the Company had holdings in Ameriprise Advisor Financing 2, LLC (“AAF 2”), an affiliate of the Company, totaling $554 million that was 48% of the Company’s total shareholder’s equity. Also, the Company had an additional 34 issuers with holdings totaling $5.8 billion that individually were between 10% and 23% of the Company’s total shareholder’s equity as of December 31, 2023. As of December 31, 2022, the Company had holdings in AAF 2 totaling $544 million that was 56% of the Company’s total shareholder’s equity. Also, the Company had an additional 30 issuers with holdings totaling $4.4 billion that individually were between 10% and 22% of the Company’s total shareholder’s equity as of December 31, 2022. There were no other holdings of any other issuer greater than 10% of the Company’s total shareholder’s equity as of December 31, 2023 and 2022. The following tables summarize the fair value and gross unrealized losses on Available-for-Sale securities, aggregated by major investment type and the length of time that individual securities have been in a continuous unrealized loss position for which no allowance for credit losses has been recorded: Description of Securities December 31, 2023 Less than 12 months 12 months or more Total Number of Fair Unrealized Number of Fair Unrealized Number of Fair Unrealized (in millions, except number of securities) Corporate debt securities 43 $ 410 $ (8) 340 $ 4,735 $ (489) 383 $ 5,145 $ (497) Residential mortgage backed securities 30 389 (4) 204 2,114 (260) 234 2,503 (264) Commercial mortgage backed securities 20 264 (4) 196 2,062 (189) 216 2,326 (193) State and municipal obligations 5 29 (1) 47 137 (18) 52 166 (19) Asset backed securities 5 102 — 32 684 (21) 37 786 (21) Foreign government bonds and obligations — — — 2 6 — 2 6 — U.S. government and agency obligations 1 — — — — — 1 — — Total 104 $ 1,194 $ (17) 821 $ 9,738 $ (977) 925 $ 10,932 $ (994) Description of Securities December 31, 2022 Less than 12 months 12 months or more Total Number of Fair Unrealized Number of Fair Unrealized Number of Fair Unrealized (in millions, except number of securities) Corporate debt securities 405 $ 5,028 $ (443) 100 $ 1,532 $ (360) 505 $ 6,560 $ (803) Residential mortgage backed securities 189 1,643 (117) 52 826 (186) 241 2,469 (303) Commercial mortgage backed securities 176 1,746 (149) 58 666 (106) 234 2,412 (255) State and municipal obligations 40 126 (15) 26 59 (11) 66 185 (26) Asset backed securities 39 808 (28) 4 60 (10) 43 868 (38) Foreign government bonds and obligations 10 32 (1) 1 1 (1) 11 33 (2) Total 859 $ 9,383 $ (753) 241 $ 3,144 $ (674) 1,100 $ 12,527 $ (1,427) As part of the Company’s ongoing monitoring process, management determined that the decrease in gross unrealized losses on its Available-for-Sale securities for which an allowance for credit losses has not been recognized during the year ended December 31, 2023 is primarily attributable to the impact of lower interest rates and tighter credit spreads. The Company did not recognize these unrealized losses in earnings because it was determined that such losses were due to non-credit factors. The Company does not intend to sell these securities and does not believe that it is more likely than not that the Company will be required to sell these securities before the anticipated recovery of the remaining amortized cost basis. As of December 31, 2023 and 2022, approximately 94% and 93%, respectively, of the total of Available-for-Sale securities with gross unrealized losses were considered investment grade. The following table presents a rollforward of the allowance for credit losses on Available-for-Sale securities: Corporate Debt Securities State and Municipal Obligations Total (in millions) Balance at January 1, 2021 $ 10 $ — $ 10 Additions for which credit losses were not previously recorded — 1 1 Charge-offs (10) — (10) Balance at December 31, 2021 — 1 1 Additions for which credit losses were not previously recorded 20 — 20 Additional increases (decreases) on securities that had an allowance recorded in a previous period — 1 1 Balance at December 31, 2022 20 2 22 Additions for which credit losses were not previously recorded 1 — 1 Reductions for securities sold during the period (realized) (20) (1) (21) Balance at December 31, 2023 $ 1 $ 1 $ 2 Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method, recognized in Net realized investment gains (losses) were as follows: Years Ended December 31, 2023 2022 2021 (in millions) Gross realized investment gains $ 11 $ 28 $ 576 Gross realized investment losses (57) (25) (6) Credit reversals (losses) 20 (21) (1) Other impairments (1) (70) (13) Total $ (27) $ (88) $ 556 Previously recorded allowance for credit losses was reversed during the year ended December 31, 2023 primarily due to the sale of a corporate debt security in the communications industry. Credit losses for the year ended December 31, 2022 primarily related to recording an allowance for credit losses on a corporate debt security in the communications industry. Credit losses for the year ended December 31, 2021 primarily related to recording an allowance for credit losses on certain state and municipal securities. Other impairments for the years ended December 31, 2023, 2022 and 2021 related to Available-for-Sale securities which the Company intended to sell. See Note 19 for a rollforward of net unrealized investment gains (losses) included in AOCI. Available-for-Sale securities by contractual maturity as of December 31, 2023 were as follows: Amortized Cost Fair Value (in millions) Due within one year $ 552 $ 546 Due after one year through five years 1,845 1,812 Due after five years through 10 years 4,280 4,018 Due after 10 years 4,979 5,228 11,656 11,604 Residential mortgage backed securities 3,886 3,642 Commercial mortgage backed securities 2,784 2,597 Asset backed securities 1,545 1,531 Total $ 19,871 $ 19,374 Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Residential mortgage backed securities, commercial mortgage backed securities and asset backed securities are not due at a single maturity date. As such, these securities were not included in the maturities distribution. The following is a summary of Net investment income: Years Ended December 31, 2023 2022 2021 (in millions) Fixed maturities $ 830 $ 615 $ 643 Mortgage loans 69 73 102 Other investments 431 159 101 1,330 847 846 Less: investment expenses 26 20 19 Total $ 1,304 $ 827 $ 827 Net realized investment gains (losses) are summarized as follows: Years Ended December 31, 2023 2022 2021 (in millions) Fixed maturities $ (27) $ (88) $ 556 Mortgage loans 1 (1) 57 Other investments (44) (11) (18) Total $ (70) $ (100) $ 595

Financing Receivables

Financing Receivables	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Financing Receivables	Financing Receivables Financing receivables are comprised of commercial loans, policy loans and deposit receivables. See Note 2 for information regarding the Company’s accounting policies related to financing receivables and the allowance for credit losses. Allowance for Credit Losses The following table presents a rollforward of the allowance for credit losses: Commercial Loans (in millions) Balance at January 1, 2021 $ 35 Provisions (23) Balance at December 31, 2021 12 Provisions 1 Charge-offs (2) Balance at December 31, 2022 11 Provisions (1) Balance at December 31, 2023 $ 10 The decrease in the allowance for credit losses provision for commercial loans in 2021 reflected the sale of certain commercial mortgage loans and syndicated loans in conjunction with the fixed deferred and payout annuity reinsurance transaction in 2021. As of December 31, 2023 and 2022, accrued interest on commercial loans was $15 million and $14 million, respectively, and is recorded in Accrued investment income and excluded from the amortized cost basis of commercial loans. Purchases and Sales There were no commercial mortgage loans sold for the years ended December 31, 2023 and 2022. During the year ended December 31, 2021, the Company sold $746 million of commercial mortgage loans. During the years ended December 31, 2023, 2022 and 2021, the Company purchased $1 million, $42 million and $26 million, respectively, of syndicated loans, and sold $1 million, nil and $340 million, respectively, of syndicated loans. The Company has not acquired any loans with deteriorated credit quality as of the acquisition date. Credit Quality Information There were no nonperforming loans as of both December 31, 2023 and 2022. All loans were considered to be performing. Commercial Loans Commercial Mortgage Loans The Company reviews the credit worthiness of the borrower and the performance of the underlying properties in order to determine the risk of loss on commercial mortgage loans. Loan-to-value ratio is the primary credit quality indicator included in this review. Based on this review, the commercial mortgage loans are assigned an internal risk rating, which management updates when credit risk changes. Commercial mortgage loans which management has assigned its highest risk rating were less than 1% of total commercial mortgage loans as of both December 31, 2023 and 2022. Loans with the highest risk rating represent distressed loans which the Company has identified as impaired or expects to become delinquent or enter into foreclosure within the next six months. There were no commercial mortgage loans past due as of both December 31, 2023 and 2022. The tables below present the amortized cost basis of commercial mortgage loans by year of origination and loan-to-value ratio: December 31, 2023 Loan-to-Value Ratio 2023 2022 2021 2020 2019 Prior Total (in millions) > 100% $ — $ — $ — $ — $ 2 $ 20 $ 22 80% - 100% — — — 2 11 49 62 60% - 80% 55 26 6 14 40 102 243 40% - 60% 7 46 129 49 65 343 639 < 40% 7 31 43 37 71 580 769 Total $ 69 $ 103 $ 178 $ 102 $ 189 $ 1,094 $ 1,735 December 31, 2022 Loan-to-Value Ratio 2022 2021 2020 2019 2018 Prior Total (in millions) > 100% $ — $ — $ 2 $ 2 $ — $ 39 $ 43 80% - 100% 1 9 2 20 7 30 69 60% - 80% 39 85 17 52 9 104 306 40% - 60% 49 84 64 80 55 426 758 < 40% 16 8 27 42 78 432 603 Total $ 105 $ 186 $ 112 $ 196 $ 149 $ 1,031 $ 1,779 Loan-to-value ratio is based on income and expense data provided by borrowers at least annually and long-term capitalization rate assumptions based on property type. For the year ended December 31, 2023, write-offs of commercial mortgage loans were not material. In addition, the Company reviews the concentrations of credit risk by region and property type. Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows: Loans Percentage December 31, December 31, 2023 2022 2023 2022 (in millions) East North Central $ 180 $ 192 10 % 11 % East South Central 47 51 3 3 Middle Atlantic 97 100 6 6 Mountain 130 120 8 7 New England 21 17 1 1 Pacific 595 601 34 34 South Atlantic 452 467 26 26 West North Central 105 115 6 6 West South Central 108 116 6 6 Total $ 1,735 $ 1,779 100 % 100 % Concentrations of credit risk of commercial mortgage loans by property type were as follows: Loans Percentage December 31, December 31, 2023 2022 2023 2022 (in millions) Apartments $ 454 $ 465 26 % 26 % Hotel 13 14 1 1 Industrial 293 295 17 17 Mixed use 54 55 3 3 Office 230 243 13 14 Retail 546 576 32 32 Other 145 131 8 7 Total $ 1,735 $ 1,779 100 % 100 % Syndicated Loans The investment in syndicated loans as of December 31, 2023 and 2022 was $57 million and $72 million, respectively. The Company’s syndicated loan portfolio is diversified across industries and issuers. There were no syndicated loans past due as of both December 31, 2023 and 2022. The Company assigns an internal risk rating to each syndicated loan in its portfolio ranging from 1 through 5, with 5 reflecting the lowest quality. For the year ended December 31, 2023, write-offs of syndicated loans were not material. The tables below present the amortized cost basis of syndicated loans by origination year and internal risk rating: December 31, 2023 Internal Risk Rating 2023 2022 2021 2020 2019 Prior Total (in millions) Risk 5 $ — $ — $ — $ — $ — $ — $ — Risk 4 — — — — — — — Risk 3 — — 7 — 1 1 9 Risk 2 6 1 9 2 6 — 24 Risk 1 6 2 9 1 5 1 24 Total $ 12 $ 3 $ 25 $ 3 $ 12 $ 2 $ 57 December 31, 2022 Internal Risk Rating 2022 2021 2020 2019 2018 Prior Total (in millions) Risk 5 $ — $ — $ — $ — $ — $ — $ — Risk 4 — — — — — — — Risk 3 — 5 — 3 — 2 10 Risk 2 5 13 2 5 — 11 36 Risk 1 3 5 1 3 5 9 26 Total $ 8 $ 23 $ 3 $ 11 $ 5 $ 22 $ 72 Policy Loans Policy loans do not exceed the cash surrender value at origination. As there is minimal risk of loss related to policy loans, there is no allowance for credit losses. Deposit Receivables Deposit receivables were $6.5 billion and $7.4 billion as of December 31, 2023 and 2022, respectively. Deposit receivables are collateralized by the fair value of the assets held in trusts. Based on management’s evaluation of the collateral value relative to the deposit receivables, the allowance for credit losses for deposit receivables was not material as of both December 31, 2023 and 2022. Modifications with Borrowers Experiencing Financial Difficulty Modifications of financing receivables with borrowers experiencing financial difficulty by the Company were not material during the year ended December 31, 2023.

Deferred Acquisition Costs and

Deferred Acquisition Costs and Deferred Sales Inducement Costs	12 Months Ended
	Dec. 31, 2023
Deferred Charges, Insurers [Abstract]
Deferred Acquisition Costs and Deferred Sales Inducement Costs	Deferred Acquisition Costs and Deferred Sales Inducement Costs The following tables summarize the balances of and changes in DAC, including the January 1, 2021 adoption of ASU 2018-12. Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Universal Life Insurance Variable Universal Life Insurance (in millions) Pre-adoption balance at December 31, 2020 $ 1,671 $ 22 $ 43 $ 7 $ 100 $ 452 Effect of shadow reserve adjustments 42 4 18 1 31 53 Post-adoption balance at January 1, 2021 1,713 26 61 8 131 505 Capitalization of acquisition costs 110 71 — — 3 54 Amortization (145) (6) (8) (1) (9) (47) Balance at December 31, 2021 $ 1,678 $ 91 $ 53 $ 7 $ 125 $ 512 Indexed Universal Life Insurance Other Life Insurance Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Total, (in millions) Pre-adoption balance at December 31, 2020 $ 108 $ (3) $ — $ 19 $ 89 2,508 Effect of shadow reserve adjustments 149 6 — — — 304 Post-adoption balance at January 1, 2021 257 3 — 19 89 2,812 Capitalization of acquisition costs 9 — 1 2 4 254 Amortization (18) — — (2) (9) (245) Balance at December 31, 2021 $ 248 $ 3 $ 1 $ 19 $ 84 $ 2,821 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Universal Life Insurance Variable Universal Life Insurance (in millions) Balance at January 1, 2022 $ 1,678 $ 91 $ 53 $ 7 $ 125 $ 512 Capitalization of acquisition costs 39 73 — — 1 55 Amortization (135) (15) (8) (1) (8) (46) Balance at December 31, 2022 $ 1,582 $ 149 $ 45 $ 6 $ 118 $ 521 Indexed Universal Life Insurance Other Life Insurance Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Total, (in millions) Balance at January 1, 2022 $ 248 $ 3 $ 1 $ 19 $ 84 $ 2,821 Capitalization of acquisition costs 5 — 1 1 4 179 Amortization (17) — — (2) (9) (241) Balance at December 31, 2022 $ 236 $ 3 $ 2 $ 18 $ 79 $ 2,759 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Universal Life Insurance Variable Universal Life Insurance (in millions) Balance at January 1, 2023 $ 1,582 $ 149 $ 45 $ 6 $ 118 $ 521 Capitalization of acquisition costs 23 83 — — — 57 Amortization (124) (24) (10) (1) (8) (44) Balance at December 31, 2023 $ 1,481 $ 208 $ 35 $ 5 $ 110 $ 534 Indexed Universal Life Insurance Other Life Insurance Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Total, (in millions) Balance at January 1, 2023 $ 236 $ 3 $ 2 $ 18 $ 79 $ 2,759 Capitalization of acquisition costs 4 — 4 1 4 176 Amortization (17) (1) — (2) (8) (239) Balance at December 31, 2023 $ 223 $ 2 $ 6 $ 17 $ 75 $ 2,696 The following tables summarize the balances of and changes in DSIC, including the January 1, 2021 adoption of ASU 2018-12. DSIC are recorded in Other assets. Variable Annuities Fixed Annuities Total, (in millions) Pre-adoption balance at December 31, 2020 $ 173 $ 14 $ 187 Effect of shadow reserve adjustments 8 8 16 Post-adoption balance at January 1, 2021 181 22 203 Capitalization of sales inducement costs 1 — 1 Amortization (18) (3) (21) Balance at December 31, 2021 $ 164 $ 19 $ 183 Variable Annuities Fixed Annuities Total, (in millions) Balance at January 1, 2022 $ 164 $ 19 $ 183 Capitalization of sales inducement costs 1 — 1 Amortization (16) (3) (19) Balance at December 31, 2022 $ 149 $ 16 $ 165 Variable Annuities Fixed Annuities Total, (in millions) Balance at January 1, 2023 $ 149 $ 16 $ 165 Amortization (15) (4) (19) Balance at December 31, 2023 $ 134 $ 12 $ 146

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2023
Reinsurance Disclosures [Abstract]
Reinsurance	Reinsurance The Company reinsures a portion of the insurance risks associated with its traditional life, DI and LTC insurance products through reinsurance agreements with unaffiliated reinsurance companies. The Company reinsures 100% of its insurance risk associated with its life contingent payout annuity policies in force as of June 30, 2021 through a reinsurance agreement with Global Atlantic Financial Group’s subsidiary Commonwealth Annuity and Life Insurance Company. Policies issued on or after July 1, 2021 and policies issued by RiverSource Life of NY are not subject to this reinsurance agreement. Reinsurance contracts do not relieve the Company from its primary obligation to policyholders. The Company generally reinsures 90% of the death benefit liability for new term life insurance policies beginning in 2001 (RiverSource Life of NY began in 2002) and new individual UL and VUL insurance policies beginning in 2002 (2003 for RiverSource Life of NY). Policies issued prior to these dates are not subject to these same reinsurance levels. However, for IUL policies issued after September 1, 2013 and VUL policies issued after January 1, 2014, the Company generally reinsures 50% of the death benefit liability. Similarly, the Company reinsures 50% of the death benefit and morbidity liabilities related to its UL product with LTC benefits. The maximum amount of life insurance risk the Company will retain is $10 million on a single life and $10 million on any flexible premium survivorship life policy; however, reinsurance agreements are in place such that retaining more than $1.5 million of insurance risk on a single life or a flexible premium survivorship life policy is very unusual. Risk on UL and VUL policies is reinsured on a yearly renewable term basis. Risk on most term life policies starting in 2001 (2002 for RiverSource Life of NY) is reinsured on a coinsurance basis, a type of reinsurance in which the reinsurer participates proportionally in all material risks and premiums associated with a policy. The Company also has life insurance and fixed annuity risk previously assumed under reinsurance arrangements with unaffiliated insurance companies. For existing LTC policies, the Company has continued ceding 50% of the risk on a coinsurance basis to subsidiaries of Genworth Financial, Inc. (“Genworth”) and retains the remaining risk. For RiverSource Life of NY, this reinsurance arrangement applies for 1996 and later issues only, which are 89% of the total RiverSource Life of NY in force policies. Under these agreements, the Company has the right, but never the obligation, to recapture some, or all, of the risk ceded to Genworth. Generally, the Company retains at most $5,000 per month of risk per life on DI policies sold on policy forms introduced in most states starting in 2007 (2010 for RiverSource Life of NY) and reinsures the remainder of the risk on a coinsurance basis with unaffiliated reinsurance companies. The Company retains all risk for new claims on DI contracts sold on other policy forms introduced prior to 2007 (2010 for RiverSource Life of NY). The Company also retains all risk on accidental death benefit claims and substantially all risk associated with waiver of premium provisions. As of December 31, 2023 and 2022, traditional life and UL insurance policies in force were $198.8 billion and $198.9 billion, respectively, of which $144.7 billion and $146.2 billion as of December 31, 2023 and 2022 were reinsured at the respective year ends. The effect of reinsurance on premiums for traditional long-duration products was as follows: Years Ended December 31, 2023 2022 2021 (in millions) Direct premiums $ 674 $ 530 $ 490 Reinsurance ceded (226) (224) (1,361) Net premiums $ 448 $ 306 $ (871) Policy and contract charges are presented on the Consolidated Statements of Income net of $180 million, $165 million and $152 million of reinsurance ceded for non-traditional long-duration products for the years ended December 31, 2023, 2022 and 2021, respectively. The amount of claims recovered through reinsurance on all contracts was $438 million, $435 million and $404 million for the years ended December 31, 2023, 2022 and 2021, respectively. Reinsurance recoverables include approximately $2.8 billion and $2.7 billion related to LTC risk ceded to Genworth as of December 31, 2023 and 2022, respectively. Policyholder account balances, future policy benefits and claims include $376 million and $388 million related to previously assumed reinsurance arrangements as of December 31, 2023 and 2022, respectively.

Policyholder Account Balances,

Policyholder Account Balances, Future Policy Benefits and Claims	12 Months Ended
	Dec. 31, 2023
Policyholder Account Balance [Abstract]
Policyholder Account Balances, Future Policy Benefits and Claims	Policyholder Account Balances, Future Policy Benefits and Claims Policyholder account balances, future policy benefits and claims consisted of the following: December 31, 2023 December 31, 2022 (in millions) Policyholder account balances Policyholder account balances $ 27,947 $ 24,986 Future policy benefits Liability for future policy benefits 7,763 7,495 Deferred profit liability 81 62 Additional liabilities for insurance guarantees 1,321 1,186 Other insurance and annuity liabilities 213 177 Total future policy benefits 9,378 8,920 Policy claims and other policyholders’ funds 210 216 Total policyholder account balances, future policy benefits and claims $ 37,535 $ 34,122 Variable Annuities Purchasers of variable annuities can select from a variety of investment options and can elect to allocate a portion to a fixed account. A vast majority of the premiums received for variable annuity contracts are held in separate accounts where the assets are held for the exclusive benefit of those contractholders. Most of the variable annuity contracts issued by the Company contain a GMDB. The Company previously offered contracts with GMAB, GMWB, and GMIB provisions. See Note 2 and Note 12 for information regarding the Company’s variable annuity guarantees. See Note 14 and Note 18 for additional information regarding the Company’s derivative instruments used to hedge risks related to these guarantees. Structured Variable Annuities Structured variable annuities provide contractholders the option to allocate a portion of their account value to an indexed account held in a non-insulated separate account with the contractholder’s rate of return, which may be positive or negative, tied to selected indices. The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. The Company hedges the equity and interest rate risk related to the indexed account with freestanding derivative instruments. Fixed Annuities Fixed annuities include deferred, payout and fixed deferred indexed annuity contracts. In 2020, the Company discontinued sales of fixed deferred and fixed deferred indexed annuities. Deferred contracts offer a guaranteed minimum rate of interest and security of the principal invested. Payout contracts guarantee a fixed income payment for life or the term of the contract. Liabilities for fixed annuities in a benefit or payout status are based on future estimated payments using established industry mortality tables and interest rates. The Company’s fixed index annuity product is a fixed annuity that includes an indexed account. The rate of interest credited above the minimum guarantee for funds allocated to the indexed account is linked to the performance of the specific index for the indexed account (subject to a cap). The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. See Note 18 for additional information regarding the Company’s derivative instruments used to hedge the risk related to indexed accounts. Insurance Liabilities UL policies accumulate cash value that increases by a fixed interest rate. Purchasers of VUL can select from a variety of investment options and can elect to allocate a portion of their account balance to a fixed account or a separate account. A vast majority of the premiums received for VUL policies are held in separate accounts where the assets are held for the exclusive benefit of those policyholders. IUL is a UL policy that includes an indexed account. The rate of credited interest for funds allocated by a contractholder to the indexed account is linked to the performance of the specific index for the indexed account (subject to stated account parameters, which include a cap and floor, or a spread). The policyholder may allocate all or a portion of the policy value to a fixed or any available indexed account. The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at at fair value. The Company hedges the interest credited rate including equity and interest rate risk related to the indexed account with freestanding derivative instruments. See Note 18 for additional information regarding the Company’s derivative instruments used to hedge the risk related to IUL. The Company also offers term life insurance as well as DI products. The Company no longer offers standalone LTC products and whole life insurance but has in force policies from prior years. Insurance liabilities include accumulation values, incurred but not reported claims, obligations for anticipated future claims, unpaid reported claims and claim adjustment expenses. The balances of and changes in policyholder account balances were as follows: Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2023 $ 4,752 $ 6,410 $ 6,799 $ 312 $ 471 Contract deposits 73 3,084 47 — 91 Policy charges (10) — — — — Surrenders and other benefits (759) (156) (1,086) (10) (127) Net transfer from (to) separate account liabilities (25) — — — — Variable account index-linked adjustments — 1,403 — — — Interest credited 142 1 222 5 9 Balance at December 31, 2023 $ 4,173 $ 10,742 $ 5,982 $ 307 $ 444 Weighted-average crediting rate 3.3 % 1.8 % 3.6 % 2.0 % N/A Cash surrender value (1) $ 4,146 $ 10,129 $ 5,974 $ 278 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,544 $ 1,520 $ 2,654 $ 524 $ 24,986 Contract deposits 123 272 193 1 3,884 Policy charges (176) (94) (121) — (401) Surrenders and other benefits (69) (78) (53) (44) (2,382) Net transfer from (to) separate account liabilities — (107) — — (132) Variable account index-linked adjustments — — — — 1,403 Interest credited 52 56 82 20 589 Balance at December 31, 2023 $ 1,474 $ 1,569 $ 2,755 $ 501 $ 27,947 Weighted-average crediting rate 3.6 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 8,740 $ 57,291 $ 14,407 $ 141 Cash surrender value (1) $ 1,330 $ 1,065 $ 2,271 $ 326 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2022 $ 4,972 $ 4,458 $ 7,251 $ 323 $ 527 Contract deposits 146 2,784 55 — 53 Policy charges (8) — — — — Surrenders and other benefits (450) (41) (744) (17) (124) Net transfer from (to) separate account liabilities (60) — — — — Variable account index-linked adjustments — (791) — — — Interest credited 152 — 237 6 15 Balance at December 31, 2022 $ 4,752 $ 6,410 $ 6,799 $ 312 $ 471 Weighted-average crediting rate 3.2 % 1.1 % 3.5 % 1.9 % N/A Cash surrender value (1) $ 4,720 $ 5,986 $ 6,786 $ 277 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2022 $ 1,602 $ 1,493 $ 2,534 $ 563 $ 23,723 Contract deposits 134 233 218 (3) 3,620 Policy charges (178) (91) (116) — (393) Surrenders and other benefits (67) (70) (50) (56) (1,619) Net transfer from (to) separate account liabilities — (102) — — (162) Variable account index-linked adjustments — — — — (791) Interest credited 53 57 68 20 608 Balance at December 31, 2022 $ 1,544 $ 1,520 $ 2,654 $ 524 $ 24,986 Weighted-average crediting rate 3.6 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 9,187 $ 57,354 $ 15,043 $ 149 Cash surrender value (1) $ 1,382 $ 1,054 $ 2,148 $ 348 (1) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. For VA and VUL, the cash surrender value shown is the proportion of the total cash surrender value related to their fixed account liabilities. Refer to Note 12 for the net amount at risk for market risk benefits associated with variable and structured variable annuities. Fixed, fixed indexed, and non-life contingent payout annuities do not have net amount at risk in excess of account value. Net amount at risk for insurance products is calculated as the death benefit amount in excess of applicable account values, host, embedded derivative, and separate account liabilities. The following tables present the account values of fixed deferred annuities, fixed insurance, and the fixed portion of variable annuities and variable insurance contracts by range of guaranteed minimum interest rates (“GMIRs”) and the range of the difference between rates credited to policyholders and contractholders as of December 31, 2023 and 2022 and the respective guaranteed minimums, as well as the percentage of account values subject to rate reset in the time period indicated. Rates are reset at management’s discretion, subject to guaranteed minimums. December 31, 2023 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 43 $ 131 $ 52 $ 15 $ 2 $ 243 2 % – 2.99% 137 1 — — — 138 3 % – 3.99% 2,214 — — 1 — 2,215 4 % – 5.00% 1,514 — — — — 1,514 Total $ 3,908 $ 132 $ 52 $ 16 $ 2 $ 4,110 Fixed accounts of structured variable annuities 1 % – 1.99% $ 1 $ 18 $ 7 $ 2 $ — $ 28 2 % – 2.99% 11 — — — — 11 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 12 $ 18 $ 7 $ 2 $ — $ 39 Fixed annuities 1 % – 1.99% $ 107 $ 377 $ 183 $ 93 $ — $ 760 2 % – 2.99% 36 14 1 — — 51 3 % – 3.99% 2,816 1 — — — 2,817 4 % – 5.00% 2,339 — — — — 2,339 Total $ 5,298 $ 392 $ 184 $ 93 $ — $ 5,967 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ — $ 2 $ 7 $ 13 $ — $ 22 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ — $ 2 $ 7 $ 13 $ — $ 22 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 51 3 9 — — 63 3 % – 3.99% 854 1 4 4 — 863 4 % – 5.00% 518 1 — — — 519 Total $ 1,423 $ 5 $ 13 $ 4 $ — $ 1,445 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable universal life insurance 1 % – 1.99% $ — $ 2 $ 4 $ — $ 24 $ 30 2 % – 2.99% 13 12 — 1 8 34 3 % – 3.99% 122 2 3 6 — 133 4 % – 5.00% 607 6 — — — 613 Total $ 742 $ 22 $ 7 $ 7 $ 32 $ 810 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 2 $ — $ — $ 2 2 % – 2.99% 128 — — — — 128 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 128 $ — $ 2 $ — $ — $ 130 Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 30 — — — — 30 4 % – 5.00% 295 — — — — 295 Total $ 325 $ — $ — $ — $ — $ 325 Total 1 % – 1.99% $ 151 $ 530 $ 255 $ 123 $ 26 $ 1,085 2 % – 2.99% 376 30 10 1 8 425 3 % – 3.99% 6,036 4 7 11 — 6,058 4 % – 5.00% 5,273 7 — — — 5,280 Total $ 11,836 $ 571 $ 272 $ 135 $ 34 $ 12,848 Percentage of total account values that reset in: Next 12 months 99.9 % 99.5 % 99.3 % 100.0 % 100.0 % 99.9 % > 12 months to 24 months 0.1 0.5 0.6 — — 0.1 > 24 months — — 0.1 — — — Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % December 31, 2022 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 169 $ 102 $ 18 $ — $ — $ 289 2 % – 2.99% 177 — — — — 177 3 % – 3.99% 2,611 — — 1 — 2,612 4 % – 5.00% 1,611 — — — — 1,611 Total $ 4,568 $ 102 $ 18 $ 1 $ — $ 4,689 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of structured variable annuities 1 % – 1.99% $ 12 $ 7 $ 3 $ 1 $ — $ 23 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 12 $ 7 $ 3 $ 1 $ — $ 23 Fixed annuities 1 % – 1.99% $ 460 $ 402 $ 132 $ 33 $ 10 $ 1,037 2 % – 2.99% 67 — — — — 67 3 % – 3.99% 3,344 — — — — 3,344 4 % – 5.00% 2,333 — — — — 2,333 Total $ 6,204 $ 402 $ 132 $ 33 $ 10 $ 6,781 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ 1 $ 3 $ 7 $ 14 $ — $ 25 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 1 $ 3 $ 7 $ 14 $ — $ 25 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 55 — 1 — — 56 3 % – 3.99% 885 1 2 — — 888 4 % – 5.00% 569 — — — — 569 Total $ 1,509 $ 1 $ 3 $ — $ — $ 1,513 Fixed accounts of variable universal life insurance 1 % – 1.99% $ 4 $ 3 $ 2 $ — $ 9 $ 18 2 % – 2.99% 30 — 1 2 2 35 3 % – 3.99% 134 1 1 1 — 137 4 % – 5.00% 648 — — — — 648 Total $ 816 $ 4 $ 4 $ 3 $ 11 $ 838 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 3 $ — $ — $ 3 2 % – 2.99% 126 — — — — 126 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 126 $ — $ 3 $ — $ — $ 129 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 32 — — — — 32 4 % – 5.00% 314 — — — — 314 Total $ 346 $ — $ — $ — $ — $ 346 Total 1 % – 1.99% $ 646 $ 517 $ 165 $ 48 $ 19 $ 1,395 2 % – 2.99% 455 — 2 2 2 461 3 % – 3.99% 7,006 2 3 2 — 7,013 4 % – 5.00% 5,475 — — — — 5,475 Total $ 13,582 $ 519 $ 170 $ 52 $ 21 $ 14,344 Percentage of total account values that reset in: Next 12 months 99.8 % 96.3 % 93.8 % 100.0 % 100.0 % 99.6 % > 12 months to 24 months 0.1 3.0 5.8 — — 0.3 > 24 months 0.1 0.7 0.4 — — 0.1 Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % The following tables summarize the balances of and changes in the liability for future policy benefits, including the January 1, 2021 adoption of ASU 2018-12: Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, All Products (in millions) Pre-adoption balance at December 31, 2020 $ 1,536 $ 633 $ 530 $ 5,749 $ 8,448 Effect of shadow reserve adjustments (175) — — (566) (741) Adjustments for loss contracts (with premiums in excess of gross premiums) under the modified retrospective approach 4 — — 35 39 Effect of change in deferred profit liability (43) — — — (43) Effect of remeasurement of the liability at the current single A discount rate 215 265 238 1,965 2,683 Post-adoption balance at January 1, 2021 1,537 898 768 7,183 10,386 Less: reinsurance recoverable — 601 24 3,623 4,248 Post-adoption balance at January 1, 2021, after $ 1,537 $ 297 $ 744 $ 3,560 $ 6,138 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2021 $ — $ 702 $ 238 $ 1,831 $ 2,771 Beginning balance at original discount rate — 536 183 1,498 2,217 Effect of changes in cash flow assumptions — — — (6) (6) Effect of actual variances from expected experience — 56 (35) (61) (40) Adjusted beginning of year balance $ — $ 592 $ 148 $ 1,431 $ 2,171 Issuances 38 78 18 — 134 Interest accrual — 29 9 73 111 Net premiums collected (38) (63) (20) (184) (305) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 636 $ 155 $ 1,320 $ 2,111 Effect of changes in discount rate assumptions — 141 33 227 401 Balance at December 31, 2021 $ — $ 777 $ 188 $ 1,547 $ 2,512 Present Value of Future Policy Benefits: Balance at January 1, 2021 $ 1,537 $ 1,600 $ 1,006 $ 9,014 $ 13,157 Beginning balance at original discount rate 1,321 1,169 714 6,716 9,920 Effect of changes in cash flow assumptions — — — (8) (8) Effect of actual variances from expected experience (14) 58 (40) (124) (120) Adjusted beginning of year balance $ 1,307 $ 1,227 $ 674 $ 6,584 $ 9,792 Issuances 39 78 18 — 135 Interest accrual 53 70 39 347 509 Benefit payments (168) (120) (43) (336) (667) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,231 $ 1,255 $ 688 $ 6,595 $ 9,769 Effect of changes in discount rate assumptions 139 343 226 1,755 2,463 Balance at December 31, 2021 $ 1,370 $ 1,598 $ 914 $ 8,350 $ 12,232 Adjustment due to reserve flooring $ — $ 1 $ — $ — $ 1 Net liability for future policy benefits $ 1,370 $ 822 $ 726 $ 6,803 $ 9,721 Less: reinsurance recoverable 1,265 558 25 3,443 5,291 Net liability for future policy benefits, after reinsurance recoverable $ 105 $ 264 $ 701 $ 3,360 $ 4,430 Discounted expected future gross premiums $ — $ 2,005 $ 1,158 $ 1,623 $ 4,786 Expected future gross premiums $ — $ 2,815 $ 1,395 $ 1,905 $ 6,115 Expected future benefit payments $ 1,707 $ 2,159 $ 1,217 $ 11,568 $ 16,651 Weighted average interest accretion rate 4.2 % 6.5 % 5.9 % 5.3 % Weighted average discount rate 2.6 % 2.8 % 2.8 % 2.9 % Weighted average duration of liability (in years) 7 8 9 10 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2022 $ — $ 777 $ 188 $ 1,547 $ 2,512 Beginning balance at original discount rate — 636 155 1,320 2,111 Effect of changes in cash flow assumptions — 1 1 52 54 Effect of actual variances from expected experience — 47 (22) (48) (23) Adjusted beginning of year balance $ — $ 684 $ 134 $ 1,324 $ 2,142 Issuances 42 57 12 — 111 Interest accrual — 34 7 65 106 Net premiums collected (42) (67) (16) (169) (294) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 708 $ 137 $ 1,220 $ 2,065 Effect of changes in discount rate assumptions — (22) (3) (13) (38) Balance at December 31, 2022 $ — $ 686 $ 134 $ 1,207 $ 2,027 Present Value of Future Policy Benefits: Balance at January 1, 2022 $ 1,370 $ 1,598 $ 914 $ 8,350 $ 12,232 Beginning balance at original discount rate 1,231 1,255 688 6,595 9,769 Effect of changes in cash flow assumptions — (8) 1 42 35 Effect of actual variances from expected experience (13) 52 (28) (36) (25) Adjusted beginning of year balance $ 1,218 $ 1,299 $ 661 $ 6,601 $ 9,779 Issuances 42 57 12 — 111 Interest accrual 49 73 38 336 496 Benefit payments (154) (116) (42) (368) (680) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,155 $ 1,313 $ 669 $ 6,569 $ 9,706 Effect of changes in discount rate assumptions (90) 6 27 (130) (187) Balance at December 31, 2022 $ 1,065 $ 1,319 $ 696 $ 6,439 $ 9,519 Adjustment due to reserve flooring $ — $ 3 $ — $ — $ 3 Net liability for future policy benefits $ 1,065 $ 636 $ 562 $ 5,232 $ 7,495 Less: reinsurance recoverable 949 443 19 2,649 4,060 Net liability for future policy benefits, after reinsurance recoverable $ 116 $ 193 $ 543 $ 2,583 $ 3,435 Discounted expected future gross premiums $ — $ 1,855 $ 926 $ 1,381 $ 4,162 Expected future gross premiums $ — $ 3,183 $ 1,331 $ 1,908 $ 6,422 Expected future benefit payments $ 1,595 $ 2,234 $ 1,169 $ 11,229 $ 16,227 Weighted average interest accretion rate 4.1 % 6.4 % 6.1 % 5.2 % Weighted average discount rate 5.2 % 5.5 % 5.4 % 5.4 % Weighted average duration of liability (in years) 6 7 8 9 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2023 $ — $ 686 $ 134 $ 1,207 $ 2,027 Beginning balance at original discount rate — 708 137 1,220 2,065 Effect of changes in cash flow assumptions — (19) (19) 19 (19) Effect of actual variances from expected experience — (2) (18) (3) (23) Adjusted beginning of year balance $ — $ 687 $ 100 $ 1,236 $ 2,023 Issuances 177 55 12 — 244 Interest accrual 1 36 5 59 101 Net premiums collected (178) (70) (12) (158) (418) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 708 $ 105 $ 1,137 $ 1,950 Effect of changes in discount rate assumptions — (5) (1) 9 3 Balance at December 31, 2023 $ — $ 703 $ 104 $ 1,146 $ 1,953 Present Value of Future Policy Benefits: Balance at January 1, 2023 $ 1,065 $ 1,319 $ 696 $ 6,439 $ 9,519 Beginning balance at original discount rate 1,155 1,313 669 6,569 9,706 Effect of changes in cash flow assumptions — (18) (25) 9 (34) Effect of actual variances from expected experience (10) (1) (29) 5 (35) Adjusted beginning of year balance $ 1,145 $ 1,294 $ 615 $ 6,583 $ 9,637 Issuances 177 56 11 — 244 Interest accrual 50 73 37 329 489 Benefit payments (150) (132) (42) (405) (729) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,222 $ 1,291 $ 621 $ 6,507 $ 9,641 Effect of changes in discount rate assumptions (58) 34 40 54 70 Balance at December 31, 2023 $ 1,164 $ 1,325 $ 661 $ 6,561 $ 9,711 Adjustment due to reserve flooring $ — $ 5 $ — $ — $ 5 Net liability for future policy benefits $ 1,164 $ 627 $ 557 $ 5,415 $ 7,763 Less: reinsurance recoverable 880 440 22 2,738 4,080 Net liability for future policy benefits, after reinsurance recoverable $ 284 $ 187 $ 535 $ 2,677 $ 3,683 Discounted expected future gross premiums $ — $ 1,764 $ 904 $ 1,325 $ 3,993 Expected future gross premiums $ — $ 2,938 $ 1,269 $ 1,786 $ 5,993 Expected future benefit payments $ 1,726 $ 2,166 $ 1,068 $ 10,850 $ 15,810 Weighted average interest accretion rate 4.2 % 6.2 % 6.1 % 5.0 % Weighted average discount rate 4.9 % 5.1 % 5.1 % 5.1 % Weighted average duration of liability (in years) 7 7 8 8 Impacts of the annual review of policy benefit reserves assumptions are reflected within the effect of changes in cash flow assumptions in the disaggregated rollforwards above. The annual review of policy benefit reserves assumptions in the third quarter of 2023 resulted in a net decrease in future policy benefit reserves, primarily due to updates to LTC premium rate increase assumptions. The annual review of policy benefit reserves assumptions in the third quarter of 2022 resulted in a net decrease in future policy benefit reserves, primarily due to updates to LTC morbidity, premium rate increase and benefit reduction assumptions, and updates to Term Life lapse assumptions. The annual review of policy benefit reserves assumptions in the third quarter of 2021 resulted in a net decrease in future policy benefit reserves, primarily due to updates to LTC premium rate increase and benefit reduction assumptions. The balances of and changes in additional liabilities related to insurance guarantees were as follows: Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,100 $ 74 $ 12 $ 1,186 Interest accrual 35 5 1 41 Benefit accrual 128 8 2 138 Benefit payments (50) (18) (4) (72) Effect of actual variances from expected experience (13) 11 (2) (4) Impact of change in net unrealized (gains) losses on securities 25 1 6 32 Balance at December 31, 2023 $ 1,225 $ 81 $ 15 $ 1,321 Weighted average interest accretion rate 3.0 % 6.9 % 4.0 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6 Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2022 $ 1,120 $ 76 $ 46 $ 1,242 Interest accrual 32 5 1 38 Benefit accrual 108 8 — 116 Benefit payments (43) (14) (4) (61) Effect of actual variances from expected experience (19) 2 (2) (19) Impact of change in net unrealized (gains) losses on securities (98) (3) (29) (130) Balance at December 31, 2022 $ 1,100 $ 74 $ 12 $ 1,186 Weighted average interest accretion rate 2.9 % 7.0 % 4.1 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6 The amount of revenue and interest recognized in the Statement of Income was as follows: Years Ended December 31, 2023 2022 2021 Gross Premiums Interest Expense Gross Premiums Interest Expense Gross Premiums Interest Expense (in millions) Life contingent payout annuities $ 196 $ 49 $ 45 $ 49 $ 39 $ 53 Term and whole life insurance 169 37 169 39 166 41 Disability income insurance 124 32 127 31 131 30 Long term care insurance 185 270 189 271 192 274 Total $ 674 $ 388 $ 530 $ 390 $ 528 $ 398 The following tables summarize the balances of and changes in unearned revenue, including the January 1, 2021 adoption of ASU 2018-12. Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Total, (in millions) Pre-adoption balance at December 31, 2020 $ 19 $ 76 $ — $ 95 Effect of shadow reserve adjustments 5 10 153 168 Post-adoption balance at January 1, 2021 24 86 153 263 Deferral of revenue 3 34 55 92 Amortization (1) (8) (13) (22) Balance at December 31, 2021 $ 26 $ 112 $ 195 $ 333 Balance at January 1, 2022 $ 26 $ 112 $ 195 $ 333 Deferral of revenue 2 48 54 104 Amortization (1) (10) (16) (27) Balance at December 31, 2022 $ 27 $ 150 $ 233 $ 410 Balance at January 1, 2023 $ 27 $ 150 $ 233 $ 410 Deferral of revenue 1 59 52 112 Amortization (1) (13) (19) (33) Balance at December 31, 2023 $ 27 $ 196 $ 266 $ 489 Market risk benefits are contracts or contract features that both provide protection to the contractholder from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. Most of the variable annuity contracts issued by the Company contain a GMDB provision. The Company previously offered contracts containing GMWB, GMAB, or GMIB provisions. The GMDB provisions provide a specified minimum return upon death of the contractholder. The death benefit payable is the greater of (i) the contract value less any purchase payment credits subject to recapture less a pro-rata portion of any rider fees, or (ii) the GMDB provisions specified in the contract. The Company has the following primary GMDB provisions: • Return of premium – provides purchase payments minus adjusted partial surrenders. • Reset – provides that the value resets to the account value at specified contract anniversary intervals minus adjusted partial surrenders. This provision was often provided in combination with the return of premium provision and is no longer offered. • Ratchet – provides that the value ratchets up to the maximum account value at specified anniversary intervals, plus subsequent purchase payments less adjusted partial surrenders. The variable annuity contracts with GMWB riders typically have account values that are based on an underlying portfolio of mutual funds, the values of which fluctuate based on fund performance. At contract issue, the guaranteed amount is equal to the amount deposited but the guarantee may be increased annually to the account value (a “step-up”) in the case of favorable market performance or by a benefit credit if the contract includes this provision. The Company has GMWB riders in force, which contain one or more of the following provisions: • Withdrawals at a specified rate per year until the amount withdrawn is equal to the guaranteed amount. • Withdrawals at a specified rate per year for the life of the contractholder (“GMWB for life”). • Withdrawals at a specified rate per year for joint contractholders while either is alive. • Withdrawals based on performance of the contract. • Withdrawals based on the age withdrawals begin. • Credits are applied annually for a specified number of years to increase the guaranteed amount as long as withdrawals have not been taken. Variable annuity contractholders age 79 or younger at contract issue could obtain a principal-back guarantee by purchasing the optional GMAB rider for an additional charge. The GMAB rider guarantees that, regardless of market performance at the end of the 10-year waiting period, the contract value will be no less than the original investment or a specified percentage of the highest anniversary value, adjusted for withdrawals. If the contract value is less than the guarantee at the end of the 10-year period, a lump sum will be added to the contract value to make the contract value equal to the guarantee value. Individual variable annuity contracts may have both a death benefit and a living benefit. Net amount at risk is quantified for each benefit and a composite net amount at risk is calculated using the greater of the death benefit or living benefit for each individual contract. The net amount at risk for GMDB and GMAB is defined as the current guaranteed benefit amount in excess of the current contract value. The net amount at risk for GMIB is defined as the greater of the present value of the minimum guaranteed annuity payments less the current contract value or zero. The net amount at risk for GMWB is defined as the greater of the present value of the minimum guaranteed withdrawal payments less the current contract value or zero. The following tables summarize the balances of and changes in market risk benefits, including the January 1, 2021 adoption of ASU 2018-12: (in millions) Pre-adoption balance at December 31, 2020 $ 3,084 Effect of shadow reserve adjustments (3) Adjustments for the cumulative effect of the changes in instrument-specific credit risk on market risk benefits between the original contract issuance date and the transition date 670 Adjustments to the host contract for differences between previous carrying amount and fair value measurement for the market risk benefits under the option-based method of valuation 20 Adjustments for the remaining difference (exclusive of the instrument-specific credit risk change and host contract adjustments) between previous carrying amount and fair value measurements for the market risk benefits 1,058 Post-adoption balance at January 1, 2021 $ 4,829 Years Ended December 31, 2023 2022 2021 (in millions, except age) Balance at beginning of period $ 1,103 $ 2,901 $ 4,829 Issuances 17 27 45 Interest accrual and time decay (53) (237) (294) Reserve increase from attributed fees collected 788 810 819 Reserve release for benefit payments and derecognition (35) (29) (8) Effect of changes in interest rates and bond markets (367) (4,193) (1,053) Effect of changes in equity markets and subaccount performance (1,267) 2,258 (1,558) Effect of changes in equity index volatility (67) 205 73 Actual policyholder behavior different from expected behavior 5 17 52 Effect of changes in other future expected assumptions 128 (139) 123 Effect of changes in the instrument-specific credit risk on market risk benefits 83 (517) (127) Balance at end of period $ 335 $ 1,103 $ 2,901 Reconciliation of the gross balances in an asset or liability position: Asset position $ 1,427 $ 1,015 $ 539 Liability position (1,762) (2,118) (3,440) Net asset (liability) position $ (335) $ (1,103) $ (2,901) Guaranteed benefit amount in excess of current account balances (net amount at risk): Death benefits $ 913 $ 2,781 $ 251 Living benefits $ 2,513 $ 3,364 $ 195 Composite (greater of) $ 3,308 $ 5,830 $ 441 Weighted average attained age of contractholders 69 68 68 Changes in unrealized (gains) losses in net income relating to liabilities held at end of period $ (1,551) $ (2,044) $ (2,502) Changes in unrealized (gains) losses in other comprehensive income relating to liabilities held at end of period $ 84 $ (505) $ (102) The following tables provide a summary of the significant inputs and assumptions used in the fair value measurements developed by the Company or reasonably available to the Company of market risk benefits: December 31, 2023 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ 335 Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.6% Surrender rate (2) 0.3% – 75.0% 3.7% Market volatility (3) 0.0% – 25.2% 10.6% Nonperformance risk (4) 85 bps 85 bps Mortality rate (5) 0.0% – 41.6% 1.6% December 31, 2022 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ 1,103 Discounted cash flow Uti

Separate Account Assets and Lia

Separate Account Assets and Liabilities	12 Months Ended
	Dec. 31, 2023
Insurance [Abstract]
Separate Account Assets and Liabilities	Separate Account Assets and Liabilities The fair value of separate account assets is invested exclusively in mutual funds. The balances of and changes in separate account liabilities were as follows: Variable Annuities Variable Universal Life Total (in millions) Balance at January 1, 2023 $ 63,223 $ 7,653 $ 70,876 Premiums and deposits 835 459 1,294 Policy charges (1,343) (292) (1,635) Surrenders and other benefits (5,378) (317) (5,695) Investment return 8,477 1,250 9,727 Net transfer from (to) general account 25 42 67 Balance at December 31, 2023 $ 65,839 $ 8,795 $ 74,634 Cash surrender value $ 64,280 $ 8,263 $ 72,543 Variable Annuities Variable Universal Life Total (in millions) Balance at January 1, 2022 $ 82,862 $ 9,376 $ 92,238 Premiums and deposits 1,067 425 1,492 Policy charges (1,396) (278) (1,674) Surrenders and other benefits (4,923) (286) (5,209) Investment return (14,450) (1,654) (16,104) Net transfer from (to) general account 63 70 133 Balance at December 31, 2022 $ 63,223 $ 7,653 $ 70,876 Cash surrender value $ 61,461 $ 7,200 $ 68,661

Market Risk Benefits

Market Risk Benefits	12 Months Ended
	Dec. 31, 2023
Insurance [Abstract]
Market Risk Benefits	Policyholder Account Balances, Future Policy Benefits and Claims Policyholder account balances, future policy benefits and claims consisted of the following: December 31, 2023 December 31, 2022 (in millions) Policyholder account balances Policyholder account balances $ 27,947 $ 24,986 Future policy benefits Liability for future policy benefits 7,763 7,495 Deferred profit liability 81 62 Additional liabilities for insurance guarantees 1,321 1,186 Other insurance and annuity liabilities 213 177 Total future policy benefits 9,378 8,920 Policy claims and other policyholders’ funds 210 216 Total policyholder account balances, future policy benefits and claims $ 37,535 $ 34,122 Variable Annuities Purchasers of variable annuities can select from a variety of investment options and can elect to allocate a portion to a fixed account. A vast majority of the premiums received for variable annuity contracts are held in separate accounts where the assets are held for the exclusive benefit of those contractholders. Most of the variable annuity contracts issued by the Company contain a GMDB. The Company previously offered contracts with GMAB, GMWB, and GMIB provisions. See Note 2 and Note 12 for information regarding the Company’s variable annuity guarantees. See Note 14 and Note 18 for additional information regarding the Company’s derivative instruments used to hedge risks related to these guarantees. Structured Variable Annuities Structured variable annuities provide contractholders the option to allocate a portion of their account value to an indexed account held in a non-insulated separate account with the contractholder’s rate of return, which may be positive or negative, tied to selected indices. The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. The Company hedges the equity and interest rate risk related to the indexed account with freestanding derivative instruments. Fixed Annuities Fixed annuities include deferred, payout and fixed deferred indexed annuity contracts. In 2020, the Company discontinued sales of fixed deferred and fixed deferred indexed annuities. Deferred contracts offer a guaranteed minimum rate of interest and security of the principal invested. Payout contracts guarantee a fixed income payment for life or the term of the contract. Liabilities for fixed annuities in a benefit or payout status are based on future estimated payments using established industry mortality tables and interest rates. The Company’s fixed index annuity product is a fixed annuity that includes an indexed account. The rate of interest credited above the minimum guarantee for funds allocated to the indexed account is linked to the performance of the specific index for the indexed account (subject to a cap). The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. See Note 18 for additional information regarding the Company’s derivative instruments used to hedge the risk related to indexed accounts. Insurance Liabilities UL policies accumulate cash value that increases by a fixed interest rate. Purchasers of VUL can select from a variety of investment options and can elect to allocate a portion of their account balance to a fixed account or a separate account. A vast majority of the premiums received for VUL policies are held in separate accounts where the assets are held for the exclusive benefit of those policyholders. IUL is a UL policy that includes an indexed account. The rate of credited interest for funds allocated by a contractholder to the indexed account is linked to the performance of the specific index for the indexed account (subject to stated account parameters, which include a cap and floor, or a spread). The policyholder may allocate all or a portion of the policy value to a fixed or any available indexed account. The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at at fair value. The Company hedges the interest credited rate including equity and interest rate risk related to the indexed account with freestanding derivative instruments. See Note 18 for additional information regarding the Company’s derivative instruments used to hedge the risk related to IUL. The Company also offers term life insurance as well as DI products. The Company no longer offers standalone LTC products and whole life insurance but has in force policies from prior years. Insurance liabilities include accumulation values, incurred but not reported claims, obligations for anticipated future claims, unpaid reported claims and claim adjustment expenses. The balances of and changes in policyholder account balances were as follows: Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2023 $ 4,752 $ 6,410 $ 6,799 $ 312 $ 471 Contract deposits 73 3,084 47 — 91 Policy charges (10) — — — — Surrenders and other benefits (759) (156) (1,086) (10) (127) Net transfer from (to) separate account liabilities (25) — — — — Variable account index-linked adjustments — 1,403 — — — Interest credited 142 1 222 5 9 Balance at December 31, 2023 $ 4,173 $ 10,742 $ 5,982 $ 307 $ 444 Weighted-average crediting rate 3.3 % 1.8 % 3.6 % 2.0 % N/A Cash surrender value (1) $ 4,146 $ 10,129 $ 5,974 $ 278 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,544 $ 1,520 $ 2,654 $ 524 $ 24,986 Contract deposits 123 272 193 1 3,884 Policy charges (176) (94) (121) — (401) Surrenders and other benefits (69) (78) (53) (44) (2,382) Net transfer from (to) separate account liabilities — (107) — — (132) Variable account index-linked adjustments — — — — 1,403 Interest credited 52 56 82 20 589 Balance at December 31, 2023 $ 1,474 $ 1,569 $ 2,755 $ 501 $ 27,947 Weighted-average crediting rate 3.6 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 8,740 $ 57,291 $ 14,407 $ 141 Cash surrender value (1) $ 1,330 $ 1,065 $ 2,271 $ 326 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2022 $ 4,972 $ 4,458 $ 7,251 $ 323 $ 527 Contract deposits 146 2,784 55 — 53 Policy charges (8) — — — — Surrenders and other benefits (450) (41) (744) (17) (124) Net transfer from (to) separate account liabilities (60) — — — — Variable account index-linked adjustments — (791) — — — Interest credited 152 — 237 6 15 Balance at December 31, 2022 $ 4,752 $ 6,410 $ 6,799 $ 312 $ 471 Weighted-average crediting rate 3.2 % 1.1 % 3.5 % 1.9 % N/A Cash surrender value (1) $ 4,720 $ 5,986 $ 6,786 $ 277 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2022 $ 1,602 $ 1,493 $ 2,534 $ 563 $ 23,723 Contract deposits 134 233 218 (3) 3,620 Policy charges (178) (91) (116) — (393) Surrenders and other benefits (67) (70) (50) (56) (1,619) Net transfer from (to) separate account liabilities — (102) — — (162) Variable account index-linked adjustments — — — — (791) Interest credited 53 57 68 20 608 Balance at December 31, 2022 $ 1,544 $ 1,520 $ 2,654 $ 524 $ 24,986 Weighted-average crediting rate 3.6 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 9,187 $ 57,354 $ 15,043 $ 149 Cash surrender value (1) $ 1,382 $ 1,054 $ 2,148 $ 348 (1) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. For VA and VUL, the cash surrender value shown is the proportion of the total cash surrender value related to their fixed account liabilities. Refer to Note 12 for the net amount at risk for market risk benefits associated with variable and structured variable annuities. Fixed, fixed indexed, and non-life contingent payout annuities do not have net amount at risk in excess of account value. Net amount at risk for insurance products is calculated as the death benefit amount in excess of applicable account values, host, embedded derivative, and separate account liabilities. The following tables present the account values of fixed deferred annuities, fixed insurance, and the fixed portion of variable annuities and variable insurance contracts by range of guaranteed minimum interest rates (“GMIRs”) and the range of the difference between rates credited to policyholders and contractholders as of December 31, 2023 and 2022 and the respective guaranteed minimums, as well as the percentage of account values subject to rate reset in the time period indicated. Rates are reset at management’s discretion, subject to guaranteed minimums. December 31, 2023 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 43 $ 131 $ 52 $ 15 $ 2 $ 243 2 % – 2.99% 137 1 — — — 138 3 % – 3.99% 2,214 — — 1 — 2,215 4 % – 5.00% 1,514 — — — — 1,514 Total $ 3,908 $ 132 $ 52 $ 16 $ 2 $ 4,110 Fixed accounts of structured variable annuities 1 % – 1.99% $ 1 $ 18 $ 7 $ 2 $ — $ 28 2 % – 2.99% 11 — — — — 11 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 12 $ 18 $ 7 $ 2 $ — $ 39 Fixed annuities 1 % – 1.99% $ 107 $ 377 $ 183 $ 93 $ — $ 760 2 % – 2.99% 36 14 1 — — 51 3 % – 3.99% 2,816 1 — — — 2,817 4 % – 5.00% 2,339 — — — — 2,339 Total $ 5,298 $ 392 $ 184 $ 93 $ — $ 5,967 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ — $ 2 $ 7 $ 13 $ — $ 22 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ — $ 2 $ 7 $ 13 $ — $ 22 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 51 3 9 — — 63 3 % – 3.99% 854 1 4 4 — 863 4 % – 5.00% 518 1 — — — 519 Total $ 1,423 $ 5 $ 13 $ 4 $ — $ 1,445 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable universal life insurance 1 % – 1.99% $ — $ 2 $ 4 $ — $ 24 $ 30 2 % – 2.99% 13 12 — 1 8 34 3 % – 3.99% 122 2 3 6 — 133 4 % – 5.00% 607 6 — — — 613 Total $ 742 $ 22 $ 7 $ 7 $ 32 $ 810 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 2 $ — $ — $ 2 2 % – 2.99% 128 — — — — 128 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 128 $ — $ 2 $ — $ — $ 130 Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 30 — — — — 30 4 % – 5.00% 295 — — — — 295 Total $ 325 $ — $ — $ — $ — $ 325 Total 1 % – 1.99% $ 151 $ 530 $ 255 $ 123 $ 26 $ 1,085 2 % – 2.99% 376 30 10 1 8 425 3 % – 3.99% 6,036 4 7 11 — 6,058 4 % – 5.00% 5,273 7 — — — 5,280 Total $ 11,836 $ 571 $ 272 $ 135 $ 34 $ 12,848 Percentage of total account values that reset in: Next 12 months 99.9 % 99.5 % 99.3 % 100.0 % 100.0 % 99.9 % > 12 months to 24 months 0.1 0.5 0.6 — — 0.1 > 24 months — — 0.1 — — — Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % December 31, 2022 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 169 $ 102 $ 18 $ — $ — $ 289 2 % – 2.99% 177 — — — — 177 3 % – 3.99% 2,611 — — 1 — 2,612 4 % – 5.00% 1,611 — — — — 1,611 Total $ 4,568 $ 102 $ 18 $ 1 $ — $ 4,689 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of structured variable annuities 1 % – 1.99% $ 12 $ 7 $ 3 $ 1 $ — $ 23 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 12 $ 7 $ 3 $ 1 $ — $ 23 Fixed annuities 1 % – 1.99% $ 460 $ 402 $ 132 $ 33 $ 10 $ 1,037 2 % – 2.99% 67 — — — — 67 3 % – 3.99% 3,344 — — — — 3,344 4 % – 5.00% 2,333 — — — — 2,333 Total $ 6,204 $ 402 $ 132 $ 33 $ 10 $ 6,781 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ 1 $ 3 $ 7 $ 14 $ — $ 25 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 1 $ 3 $ 7 $ 14 $ — $ 25 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 55 — 1 — — 56 3 % – 3.99% 885 1 2 — — 888 4 % – 5.00% 569 — — — — 569 Total $ 1,509 $ 1 $ 3 $ — $ — $ 1,513 Fixed accounts of variable universal life insurance 1 % – 1.99% $ 4 $ 3 $ 2 $ — $ 9 $ 18 2 % – 2.99% 30 — 1 2 2 35 3 % – 3.99% 134 1 1 1 — 137 4 % – 5.00% 648 — — — — 648 Total $ 816 $ 4 $ 4 $ 3 $ 11 $ 838 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 3 $ — $ — $ 3 2 % – 2.99% 126 — — — — 126 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 126 $ — $ 3 $ — $ — $ 129 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 32 — — — — 32 4 % – 5.00% 314 — — — — 314 Total $ 346 $ — $ — $ — $ — $ 346 Total 1 % – 1.99% $ 646 $ 517 $ 165 $ 48 $ 19 $ 1,395 2 % – 2.99% 455 — 2 2 2 461 3 % – 3.99% 7,006 2 3 2 — 7,013 4 % – 5.00% 5,475 — — — — 5,475 Total $ 13,582 $ 519 $ 170 $ 52 $ 21 $ 14,344 Percentage of total account values that reset in: Next 12 months 99.8 % 96.3 % 93.8 % 100.0 % 100.0 % 99.6 % > 12 months to 24 months 0.1 3.0 5.8 — — 0.3 > 24 months 0.1 0.7 0.4 — — 0.1 Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % The following tables summarize the balances of and changes in the liability for future policy benefits, including the January 1, 2021 adoption of ASU 2018-12: Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, All Products (in millions) Pre-adoption balance at December 31, 2020 $ 1,536 $ 633 $ 530 $ 5,749 $ 8,448 Effect of shadow reserve adjustments (175) — — (566) (741) Adjustments for loss contracts (with premiums in excess of gross premiums) under the modified retrospective approach 4 — — 35 39 Effect of change in deferred profit liability (43) — — — (43) Effect of remeasurement of the liability at the current single A discount rate 215 265 238 1,965 2,683 Post-adoption balance at January 1, 2021 1,537 898 768 7,183 10,386 Less: reinsurance recoverable — 601 24 3,623 4,248 Post-adoption balance at January 1, 2021, after $ 1,537 $ 297 $ 744 $ 3,560 $ 6,138 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2021 $ — $ 702 $ 238 $ 1,831 $ 2,771 Beginning balance at original discount rate — 536 183 1,498 2,217 Effect of changes in cash flow assumptions — — — (6) (6) Effect of actual variances from expected experience — 56 (35) (61) (40) Adjusted beginning of year balance $ — $ 592 $ 148 $ 1,431 $ 2,171 Issuances 38 78 18 — 134 Interest accrual — 29 9 73 111 Net premiums collected (38) (63) (20) (184) (305) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 636 $ 155 $ 1,320 $ 2,111 Effect of changes in discount rate assumptions — 141 33 227 401 Balance at December 31, 2021 $ — $ 777 $ 188 $ 1,547 $ 2,512 Present Value of Future Policy Benefits: Balance at January 1, 2021 $ 1,537 $ 1,600 $ 1,006 $ 9,014 $ 13,157 Beginning balance at original discount rate 1,321 1,169 714 6,716 9,920 Effect of changes in cash flow assumptions — — — (8) (8) Effect of actual variances from expected experience (14) 58 (40) (124) (120) Adjusted beginning of year balance $ 1,307 $ 1,227 $ 674 $ 6,584 $ 9,792 Issuances 39 78 18 — 135 Interest accrual 53 70 39 347 509 Benefit payments (168) (120) (43) (336) (667) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,231 $ 1,255 $ 688 $ 6,595 $ 9,769 Effect of changes in discount rate assumptions 139 343 226 1,755 2,463 Balance at December 31, 2021 $ 1,370 $ 1,598 $ 914 $ 8,350 $ 12,232 Adjustment due to reserve flooring $ — $ 1 $ — $ — $ 1 Net liability for future policy benefits $ 1,370 $ 822 $ 726 $ 6,803 $ 9,721 Less: reinsurance recoverable 1,265 558 25 3,443 5,291 Net liability for future policy benefits, after reinsurance recoverable $ 105 $ 264 $ 701 $ 3,360 $ 4,430 Discounted expected future gross premiums $ — $ 2,005 $ 1,158 $ 1,623 $ 4,786 Expected future gross premiums $ — $ 2,815 $ 1,395 $ 1,905 $ 6,115 Expected future benefit payments $ 1,707 $ 2,159 $ 1,217 $ 11,568 $ 16,651 Weighted average interest accretion rate 4.2 % 6.5 % 5.9 % 5.3 % Weighted average discount rate 2.6 % 2.8 % 2.8 % 2.9 % Weighted average duration of liability (in years) 7 8 9 10 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2022 $ — $ 777 $ 188 $ 1,547 $ 2,512 Beginning balance at original discount rate — 636 155 1,320 2,111 Effect of changes in cash flow assumptions — 1 1 52 54 Effect of actual variances from expected experience — 47 (22) (48) (23) Adjusted beginning of year balance $ — $ 684 $ 134 $ 1,324 $ 2,142 Issuances 42 57 12 — 111 Interest accrual — 34 7 65 106 Net premiums collected (42) (67) (16) (169) (294) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 708 $ 137 $ 1,220 $ 2,065 Effect of changes in discount rate assumptions — (22) (3) (13) (38) Balance at December 31, 2022 $ — $ 686 $ 134 $ 1,207 $ 2,027 Present Value of Future Policy Benefits: Balance at January 1, 2022 $ 1,370 $ 1,598 $ 914 $ 8,350 $ 12,232 Beginning balance at original discount rate 1,231 1,255 688 6,595 9,769 Effect of changes in cash flow assumptions — (8) 1 42 35 Effect of actual variances from expected experience (13) 52 (28) (36) (25) Adjusted beginning of year balance $ 1,218 $ 1,299 $ 661 $ 6,601 $ 9,779 Issuances 42 57 12 — 111 Interest accrual 49 73 38 336 496 Benefit payments (154) (116) (42) (368) (680) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,155 $ 1,313 $ 669 $ 6,569 $ 9,706 Effect of changes in discount rate assumptions (90) 6 27 (130) (187) Balance at December 31, 2022 $ 1,065 $ 1,319 $ 696 $ 6,439 $ 9,519 Adjustment due to reserve flooring $ — $ 3 $ — $ — $ 3 Net liability for future policy benefits $ 1,065 $ 636 $ 562 $ 5,232 $ 7,495 Less: reinsurance recoverable 949 443 19 2,649 4,060 Net liability for future policy benefits, after reinsurance recoverable $ 116 $ 193 $ 543 $ 2,583 $ 3,435 Discounted expected future gross premiums $ — $ 1,855 $ 926 $ 1,381 $ 4,162 Expected future gross premiums $ — $ 3,183 $ 1,331 $ 1,908 $ 6,422 Expected future benefit payments $ 1,595 $ 2,234 $ 1,169 $ 11,229 $ 16,227 Weighted average interest accretion rate 4.1 % 6.4 % 6.1 % 5.2 % Weighted average discount rate 5.2 % 5.5 % 5.4 % 5.4 % Weighted average duration of liability (in years) 6 7 8 9 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2023 $ — $ 686 $ 134 $ 1,207 $ 2,027 Beginning balance at original discount rate — 708 137 1,220 2,065 Effect of changes in cash flow assumptions — (19) (19) 19 (19) Effect of actual variances from expected experience — (2) (18) (3) (23) Adjusted beginning of year balance $ — $ 687 $ 100 $ 1,236 $ 2,023 Issuances 177 55 12 — 244 Interest accrual 1 36 5 59 101 Net premiums collected (178) (70) (12) (158) (418) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 708 $ 105 $ 1,137 $ 1,950 Effect of changes in discount rate assumptions — (5) (1) 9 3 Balance at December 31, 2023 $ — $ 703 $ 104 $ 1,146 $ 1,953 Present Value of Future Policy Benefits: Balance at January 1, 2023 $ 1,065 $ 1,319 $ 696 $ 6,439 $ 9,519 Beginning balance at original discount rate 1,155 1,313 669 6,569 9,706 Effect of changes in cash flow assumptions — (18) (25) 9 (34) Effect of actual variances from expected experience (10) (1) (29) 5 (35) Adjusted beginning of year balance $ 1,145 $ 1,294 $ 615 $ 6,583 $ 9,637 Issuances 177 56 11 — 244 Interest accrual 50 73 37 329 489 Benefit payments (150) (132) (42) (405) (729) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,222 $ 1,291 $ 621 $ 6,507 $ 9,641 Effect of changes in discount rate assumptions (58) 34 40 54 70 Balance at December 31, 2023 $ 1,164 $ 1,325 $ 661 $ 6,561 $ 9,711 Adjustment due to reserve flooring $ — $ 5 $ — $ — $ 5 Net liability for future policy benefits $ 1,164 $ 627 $ 557 $ 5,415 $ 7,763 Less: reinsurance recoverable 880 440 22 2,738 4,080 Net liability for future policy benefits, after reinsurance recoverable $ 284 $ 187 $ 535 $ 2,677 $ 3,683 Discounted expected future gross premiums $ — $ 1,764 $ 904 $ 1,325 $ 3,993 Expected future gross premiums $ — $ 2,938 $ 1,269 $ 1,786 $ 5,993 Expected future benefit payments $ 1,726 $ 2,166 $ 1,068 $ 10,850 $ 15,810 Weighted average interest accretion rate 4.2 % 6.2 % 6.1 % 5.0 % Weighted average discount rate 4.9 % 5.1 % 5.1 % 5.1 % Weighted average duration of liability (in years) 7 7 8 8 Impacts of the annual review of policy benefit reserves assumptions are reflected within the effect of changes in cash flow assumptions in the disaggregated rollforwards above. The annual review of policy benefit reserves assumptions in the third quarter of 2023 resulted in a net decrease in future policy benefit reserves, primarily due to updates to LTC premium rate increase assumptions. The annual review of policy benefit reserves assumptions in the third quarter of 2022 resulted in a net decrease in future policy benefit reserves, primarily due to updates to LTC morbidity, premium rate increase and benefit reduction assumptions, and updates to Term Life lapse assumptions. The annual review of policy benefit reserves assumptions in the third quarter of 2021 resulted in a net decrease in future policy benefit reserves, primarily due to updates to LTC premium rate increase and benefit reduction assumptions. The balances of and changes in additional liabilities related to insurance guarantees were as follows: Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,100 $ 74 $ 12 $ 1,186 Interest accrual 35 5 1 41 Benefit accrual 128 8 2 138 Benefit payments (50) (18) (4) (72) Effect of actual variances from expected experience (13) 11 (2) (4) Impact of change in net unrealized (gains) losses on securities 25 1 6 32 Balance at December 31, 2023 $ 1,225 $ 81 $ 15 $ 1,321 Weighted average interest accretion rate 3.0 % 6.9 % 4.0 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6 Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2022 $ 1,120 $ 76 $ 46 $ 1,242 Interest accrual 32 5 1 38 Benefit accrual 108 8 — 116 Benefit payments (43) (14) (4) (61) Effect of actual variances from expected experience (19) 2 (2) (19) Impact of change in net unrealized (gains) losses on securities (98) (3) (29) (130) Balance at December 31, 2022 $ 1,100 $ 74 $ 12 $ 1,186 Weighted average interest accretion rate 2.9 % 7.0 % 4.1 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6 The amount of revenue and interest recognized in the Statement of Income was as follows: Years Ended December 31, 2023 2022 2021 Gross Premiums Interest Expense Gross Premiums Interest Expense Gross Premiums Interest Expense (in millions) Life contingent payout annuities $ 196 $ 49 $ 45 $ 49 $ 39 $ 53 Term and whole life insurance 169 37 169 39 166 41 Disability income insurance 124 32 127 31 131 30 Long term care insurance 185 270 189 271 192 274 Total $ 674 $ 388 $ 530 $ 390 $ 528 $ 398 The following tables summarize the balances of and changes in unearned revenue, including the January 1, 2021 adoption of ASU 2018-12. Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Total, (in millions) Pre-adoption balance at December 31, 2020 $ 19 $ 76 $ — $ 95 Effect of shadow reserve adjustments 5 10 153 168 Post-adoption balance at January 1, 2021 24 86 153 263 Deferral of revenue 3 34 55 92 Amortization (1) (8) (13) (22) Balance at December 31, 2021 $ 26 $ 112 $ 195 $ 333 Balance at January 1, 2022 $ 26 $ 112 $ 195 $ 333 Deferral of revenue 2 48 54 104 Amortization (1) (10) (16) (27) Balance at December 31, 2022 $ 27 $ 150 $ 233 $ 410 Balance at January 1, 2023 $ 27 $ 150 $ 233 $ 410 Deferral of revenue 1 59 52 112 Amortization (1) (13) (19) (33) Balance at December 31, 2023 $ 27 $ 196 $ 266 $ 489 Market risk benefits are contracts or contract features that both provide protection to the contractholder from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. Most of the variable annuity contracts issued by the Company contain a GMDB provision. The Company previously offered contracts containing GMWB, GMAB, or GMIB provisions. The GMDB provisions provide a specified minimum return upon death of the contractholder. The death benefit payable is the greater of (i) the contract value less any purchase payment credits subject to recapture less a pro-rata portion of any rider fees, or (ii) the GMDB provisions specified in the contract. The Company has the following primary GMDB provisions: • Return of premium – provides purchase payments minus adjusted partial surrenders. • Reset – provides that the value resets to the account value at specified contract anniversary intervals minus adjusted partial surrenders. This provision was often provided in combination with the return of premium provision and is no longer offered. • Ratchet – provides that the value ratchets up to the maximum account value at specified anniversary intervals, plus subsequent purchase payments less adjusted partial surrenders. The variable annuity contracts with GMWB riders typically have account values that are based on an underlying portfolio of mutual funds, the values of which fluctuate based on fund performance. At contract issue, the guaranteed amount is equal to the amount deposited but the guarantee may be increased annually to the account value (a “step-up”) in the case of favorable market performance or by a benefit credit if the contract includes this provision. The Company has GMWB riders in force, which contain one or more of the following provisions: • Withdrawals at a specified rate per year until the amount withdrawn is equal to the guaranteed amount. • Withdrawals at a specified rate per year for the life of the contractholder (“GMWB for life”). • Withdrawals at a specified rate per year for joint contractholders while either is alive. • Withdrawals based on performance of the contract. • Withdrawals based on the age withdrawals begin. • Credits are applied annually for a specified number of years to increase the guaranteed amount as long as withdrawals have not been taken. Variable annuity contractholders age 79 or younger at contract issue could obtain a principal-back guarantee by purchasing the optional GMAB rider for an additional charge. The GMAB rider guarantees that, regardless of market performance at the end of the 10-year waiting period, the contract value will be no less than the original investment or a specified percentage of the highest anniversary value, adjusted for withdrawals. If the contract value is less than the guarantee at the end of the 10-year period, a lump sum will be added to the contract value to make the contract value equal to the guarantee value. Individual variable annuity contracts may have both a death benefit and a living benefit. Net amount at risk is quantified for each benefit and a composite net amount at risk is calculated using the greater of the death benefit or living benefit for each individual contract. The net amount at risk for GMDB and GMAB is defined as the current guaranteed benefit amount in excess of the current contract value. The net amount at risk for GMIB is defined as the greater of the present value of the minimum guaranteed annuity payments less the current contract value or zero. The net amount at risk for GMWB is defined as the greater of the present value of the minimum guaranteed withdrawal payments less the current contract value or zero. The following tables summarize the balances of and changes in market risk benefits, including the January 1, 2021 adoption of ASU 2018-12: (in millions) Pre-adoption balance at December 31, 2020 $ 3,084 Effect of shadow reserve adjustments (3) Adjustments for the cumulative effect of the changes in instrument-specific credit risk on market risk benefits between the original contract issuance date and the transition date 670 Adjustments to the host contract for differences between previous carrying amount and fair value measurement for the market risk benefits under the option-based method of valuation 20 Adjustments for the remaining difference (exclusive of the instrument-specific credit risk change and host contract adjustments) between previous carrying amount and fair value measurements for the market risk benefits 1,058 Post-adoption balance at January 1, 2021 $ 4,829 Years Ended December 31, 2023 2022 2021 (in millions, except age) Balance at beginning of period $ 1,103 $ 2,901 $ 4,829 Issuances 17 27 45 Interest accrual and time decay (53) (237) (294) Reserve increase from attributed fees collected 788 810 819 Reserve release for benefit payments and derecognition (35) (29) (8) Effect of changes in interest rates and bond markets (367) (4,193) (1,053) Effect of changes in equity markets and subaccount performance (1,267) 2,258 (1,558) Effect of changes in equity index volatility (67) 205 73 Actual policyholder behavior different from expected behavior 5 17 52 Effect of changes in other future expected assumptions 128 (139) 123 Effect of changes in the instrument-specific credit risk on market risk benefits 83 (517) (127) Balance at end of period $ 335 $ 1,103 $ 2,901 Reconciliation of the gross balances in an asset or liability position: Asset position $ 1,427 $ 1,015 $ 539 Liability position (1,762) (2,118) (3,440) Net asset (liability) position $ (335) $ (1,103) $ (2,901) Guaranteed benefit amount in excess of current account balances (net amount at risk): Death benefits $ 913 $ 2,781 $ 251 Living benefits $ 2,513 $ 3,364 $ 195 Composite (greater of) $ 3,308 $ 5,830 $ 441 Weighted average attained age of contractholders 69 68 68 Changes in unrealized (gains) losses in net income relating to liabilities held at end of period $ (1,551) $ (2,044) $ (2,502) Changes in unrealized (gains) losses in other comprehensive income relating to liabilities held at end of period $ 84 $ (505) $ (102) The following tables provide a summary of the significant inputs and assumptions used in the fair value measurements developed by the Company or reasonably available to the Company of market risk benefits: December 31, 2023 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ 335 Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.6% Surrender rate (2) 0.3% – 75.0% 3.7% Market volatility (3) 0.0% – 25.2% 10.6% Nonperformance risk (4) 85 bps 85 bps Mortality rate (5) 0.0% – 41.6% 1.6% December 31, 2022 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ 1,103 Discounted cash flow Uti

Debt

Debt	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Debt	Debt Short-Term Borrowings RiverSource Life Insurance Company is a member of the Federal Home Loan Bank (“FHLB”) of Des Moines which provides access to collateralized borrowings. As of December 31, 2023 and 2022, the Company had accessed collateralized borrowings and pledged (granted a lien on) certain investments, primarily commercial mortgage backed securities, with an aggregate fair value of $1.1 billion and $962 million, respectively. The amount of the Company’s liability including accrued interest was $201 million as of both December 31, 2023 and 2022. The remaining maturity of outstanding FHLB advances was less than three months as of both December 31, 2023 and 2022. The weighted average annualized interest rate on the FHLB advances held as of December 31, 2023 and 2022 was 5.6% and 4.6%, respectively. Lines of Credit RiverSource Life Insurance Company, as the borrower, has amended its revolving credit agreement with Ameriprise Financial as the lender. The aggregate amount outstanding under this line of credit may not exceed 3% of RiverSource Life Insurance Company’s statutory admitted assets (excluding separate accounts) as of the prior year end. Prior to June 1, 2023, the interest rate for any borrowing under the agreement was established by reference to London Interbank Offered Rate (“LIBOR”) for U.S. dollar deposits with maturities comparable to the relevant interest period, plus an applicable margin subject to adjustment based on debt ratings of the senior unsecured debt of Ameriprise Financial. In June 2023, in anticipation of the end of the publication of U.S. dollar LIBOR, an amendment to the agreement changed the interest rate to Daily Simple Secured Overnight Financing Rate plus 0.1% (“Adjusted Daily Simple SOFR”) plus an applicable margin subject to adjustment based on debt ratings of the senior unsecured debt of Ameriprise Financial. Amounts borrowed may be repaid at any time with no prepayment penalty. There were no amounts outstanding on this line of credit as of both December 31, 2023 and 2022. RiverSource Life of NY, as the borrower, has amended its revolving credit agreement with Ameriprise Financial as the lender. The aggregate amount outstanding under this line of credit may not exceed the lesser of $25 million or 3% of RiverSource Life of NY’s statutory admitted assets (excluding separate accounts) as of the prior year end. Prior to July 1, 2023, the interest rate for any borrowing under the agreement was established by reference to LIBOR for U.S. dollar deposits with maturities comparable to the relevant interest period. In July 2023, in anticipation of the end of the publication of U.S. dollar LIBOR, an amendment to the agreement changed the interest rate to Adjusted Daily Simple SOFR plus an applicable margin subject to adjustment based on debt ratings of the senior unsecured debt of Ameriprise Financial. Amounts borrowed may be repaid at any time with no prepayment penalty. The credit agreement is amended to extend the maturity on an annual basis with Ameriprise Financial, subject to the New York Department of Financial Services’ non-disapproval. There were no amounts outstanding on this line of credit as of both December 31, 2023 and 2022. RTA, as the borrower, has amended its revolving credit agreement with Ameriprise Financial as the lender not to exceed $100 million. Prior to June 1, 2023, the interest rate for any borrowing under the agreement was established by reference to LIBOR for U.S. dollar deposits with maturities comparable to the relevant interest period, plus an applicable margin subject to adjustment based on debt ratings of the senior unsecured debt of Ameriprise Financial. In June 2023, in anticipation of the end of the publication of U.S. dollar LIBOR, an amendment to the agreement changed the interest rate to Adjusted Daily Simple SOFR plus an applicable margin subject to adjustment based on debt ratings of the senior unsecured debt of Ameriprise Financial. Amounts borrowed may be repaid at any time with no prepayment penalty. This line of credit is automatically renewed annually with Ameriprise Financial. There were no amounts outstanding on this line of credit as of both December 31, 2023 and 2022. Long-Term Debt The Company has a $500 million unsecured 3.5% surplus note due December 31, 2050 to Ameriprise Financial. The surplus note is subordinate in right of payment to the prior payment in full of the Company’s obligations to policyholders, claimants and beneficiaries and all other creditors. No payment of principal or interest shall be made without the prior approval of the Minnesota Department of Commerce and such payments shall be made only from RiverSource Life Insurance Company’s statutory surplus. Interest payments, which commenced on June 30, 2021, are due semiannually in arrears on June 30 and December 31. Subject to the preceding conditions, the Company may prepay all or a portion of the principal at any time. The outstanding balance was $500 million as of both December 31, 2023 and 2022 and is recorded in Long-term debt.

Fair Values of Assets and Liabi

Fair Values of Assets and Liabilities	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Values of Assets and Liabilities	Fair Values of Assets and Liabilities GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; that is, an exit price. The exit price assumes the asset or liability is not exchanged subject to a forced liquidation or distressed sale. Valuation Hierarchy The Company categorizes its fair value measurements according to a three-level hierarchy. The hierarchy prioritizes the inputs used by the Company’s valuation techniques. A level is assigned to each fair value measurement based on the lowest level input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are defined as follows: Level 1 Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date. Level 2 Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities. Level 3 Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. The following tables present the balances of assets and liabilities measured at fair value on a recurring basis (See Note 5 for the balances of assets and liabilities for consolidated investment entities): December 31, 2023 Level 1 Level 2 Level 3 Total (in millions) Assets Available-for-Sale securities: Corporate debt securities $ — $ 10,283 $ 452 $ 10,735 Residential mortgage backed securities — 3,642 — 3,642 Commercial mortgage backed securities — 2,597 — 2,597 State and municipal obligations — 758 — 758 Asset backed securities — 976 555 1,531 Foreign government bonds and obligations — 12 — 12 U.S. government and agency obligations 99 — — 99 Total Available-for-Sale securities 99 18,268 1,007 19,374 Cash equivalents 558 2,012 — 2,570 Market risk benefits — — 1,427 1,427 (1) Receivables: Fixed deferred indexed annuity ceded embedded derivatives — — 51 51 Other assets: Interest rate derivative contracts 1 184 — 185 Equity derivative contracts 65 4,945 — 5,010 Foreign exchange derivative contracts 1 20 — 21 Credit derivative contracts — 1 — 1 Total other assets 67 5,150 — 5,217 Separate account assets at net asset value (“NAV”) 74,634 (2) Total assets at fair value $ 724 $ 25,430 $ 2,485 $ 103,273 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives — 3 49 $ 52 IUL embedded derivatives — — 873 873 Structured variable annuity embedded derivatives — — 1,011 1,011 Total policyholder account balances, future policy benefits and claims — 3 1,933 1,936 (3) Market risk benefits — — 1,762 1,762 (1) Other liabilities: Interest rate derivative contracts 1 304 — 305 Equity derivative contracts 95 3,355 — 3,450 Foreign exchange derivative contracts 1 3 — 4 Credit derivative contracts — 106 — 106 Total other liabilities 97 3,768 — 3,865 Total liabilities at fair value $ 97 $ 3,771 $ 3,695 $ 7,563 December 31, 2022 Level 1 Level 2 Level 3 Total (in millions) Assets Available-for-Sale securities: Corporate debt securities $ — $ 8,311 $ 395 $ 8,706 Residential mortgage backed securities — 2,959 — 2,959 Commercial mortgage backed securities — 2,651 — 2,651 State and municipal obligations — 786 — 786 Asset backed securities — 452 545 997 Foreign government bonds and obligations — 35 — 35 U.S. government and agency obligations 1 — — 1 Total Available-for-Sale securities 1 15,194 940 16,135 Cash equivalents 1,063 1,529 — 2,592 Market risk benefits — — 1,015 1,015 (1) Receivables: Fixed deferred indexed annuity ceded embedded derivatives — — 48 48 Other assets: Interest rate derivative contracts 7 260 — 267 Equity derivative contracts 129 2,564 — 2,693 Foreign exchange derivative contracts — 34 — 34 Credit derivative contracts — 13 — 13 Total other assets 136 2,871 — 3,007 Separate account assets at NAV 70,876 (2) Total assets at fair value $ 1,200 $ 19,594 $ 2,003 $ 93,673 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives $ — $ 3 $ 44 $ 47 IUL embedded derivatives — — 739 739 Structured variable annuity embedded derivatives — — (137) (137) (4) Total policyholder account balances, future policy benefits and claims — 3 646 649 (5) Market risk benefits — — 2,118 2,118 (1) Other liabilities: Interest rate derivative contracts 4 351 — 355 Equity derivative contracts 138 2,228 — 2,366 Foreign exchange derivative contracts 6 4 — 10 Total other liabilities 148 2,583 — 2,731 Total liabilities at fair value $ 148 $ 2,586 $ 2,764 $ 5,498 (1) See Note 12 for additional information related to market risk benefits, including the balances of and changes in market risk benefits as well as the significant inputs and assumptions used in the fair value measurements of market risk benefits. (2) Amounts are comprised of financial instruments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient and have not been classified in the fair value hierarchy. (3) The Company’s adjustment for nonperformance risk resulted in a $195 million cumulative decrease to the embedded derivatives as of December 31, 2023. (4) The fair value of the structured variable annuity embedded derivatives was a net asset as of December 31, 2022 and the amount is presented as a contra liability. (5) The Company’s adjustment for nonperformance risk resulted in a $139 million cumulative decrease to the embedded derivatives as of December 31, 2022. The following tables provide a summary of changes in Level 3 assets and liabilities measured at fair value on a recurring basis: Available-for-Sale Securities Receivables Corporate Debt Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2023 $ 395 $ 545 $ 940 $ 48 Total gains (losses) included in: Net income — — — (1) 6 Other comprehensive income (loss) 12 10 22 — Purchases 110 — 110 — Settlements (65) — (65) (3) Balance at December 31, 2023 $ 452 $ 555 $ 1,007 $ 51 Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at December 31, 2023 $ 11 $ 10 $ 21 $ — Policyholder Account Balances, Future Policy Benefits and Claims Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2023 $ 44 $ 739 $ (137) (4) $ 646 Total (gains) losses included in: Net income 8 (2) 198 (2) 1,166 (3) 1,372 Issues — 59 104 163 Settlements (3) (123) (122) (248) Balance at December 31, 2023 $ 49 $ 873 $ 1,011 $ 1,933 Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2023 $ — $ 198 (2) $ 1,166 (3) $ 1,364 Available-for-Sale Securities Receivables Corporate Debt Securities Commercial Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2022 $ 496 $ — $ 291 $ 787 $ 59 Total gains (losses) included in: Net income (1) — — (1) (1) (8) Other comprehensive income (loss) (44) — (25) (69) — Purchases 29 30 564 623 — Settlements (85) — (285) (370) (3) Transfers out of Level 3 — (30) — (30) — Balance at December 31, 2022 $ 395 $ — $ 545 $ 940 $ 48 Changes in unrealized gains (losses) in net income relating to assets held at December 31, 2022 $ (1) $ — $ — $ (1) (1) $ — Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at December 31, 2022 $ (42) $ — $ (21) $ (63) $ — Policyholder Account Balances, Future Policy Benefits and Claims Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2022 $ 56 $ 905 $ 406 $ 1,367 Total (gains) losses included in: Net income (9) (2) (105) (2) (633) (3) (747) Issues — 51 90 141 Settlements (3) (112) — (115) Balance at December 31, 2022 $ 44 $ 739 $ (137) (4) $ 646 Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2022 $ — $ (105) (2) $ (633) (3) $ (738) Available-for-Sale Securities Receivables Corporate Debt Securities Residential Mortgage Backed Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2021 $ 766 $ 9 $ 395 $ 1,170 $ — Total gains (losses) included in: Net income (1) — — (1) (1) 3 Other comprehensive income (loss) (10) — (1) (11) — Purchases 108 — — 108 — Issues — — — — 57 Settlements (119) — (81) (200) (1) Transfers into Level 3 168 — 2 170 — Transfers out of Level 3 (416) (9) (24) (449) — Balance at December 31, 2021 $ 496 $ — $ 291 $ 787 $ 59 Changes in unrealized gains (losses) in net income relating to assets held at December 31, 2021 $ (1) $ — $ — $ (1) (1) $ — Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at December 31, 2021 $ (8) $ — $ (1) $ (9) $ — Policyholder Account Balances, Future Policy Benefits and Claims Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2021 $ 49 $ 935 $ 70 $ 1,054 Total (gains) losses included in: Net income 10 (2) 68 (2) 393 (3) 471 Issues — — (28) (28) Settlements (3) (98) (29) (130) Balance at December 31, 2021 $ 56 $ 905 $ 406 $ 1,367 Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2021 $ — $ 68 (2) $ — $ 68 (1) Included in Net investment income (2) Included in Interest credited to fixed accounts (3) Included in Benefits, claims, losses and settlement expenses (4) The fair value of the structured variable annuity embedded derivatives was a net asset as of January 1, 2023 and December 31, 2022 and the amounts are presented as contra liabilities. The increase (decrease) to pretax income of the Company’s adjustment for nonperformance risk on the fair value of its embedded derivatives was $51 million, $45 million and $(23) million, net of the reinsurance accrual, for the years ended December 31, 2023, 2022 and 2021, respectively. Securities transferred from Level 3 primarily represent securities with fair values that are now obtained from a third-party pricing service with observable inputs or fair values that were included in an observable transaction with a market participant. Securities transferred to Level 3 represent securities with fair values that are now based on a single non-binding broker quote. The following tables provide a summary of the significant unobservable inputs used in the fair value measurements developed by the Company or reasonably available to the Company of Level 3 assets and liabilities: December 31, 2023 Fair Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 451 Discounted cash flow Yield/spread to U.S. Treasuries (1) 1.0% - 2.4% 1.2 % Asset backed securities $ 555 Discounted cash flow Annual default rate 3.1% 3.1 % Loss severity 25.0% 25.0 % Yield/spread to U.S. Treasuries (2) 275 bps - 515 bps 284 bps Fixed deferred indexed annuity ceded embedded derivatives $ 51 Discounted cash flow Surrender rate (3) 0.0% - 66.8% 1.4 % Fixed deferred indexed annuity embedded derivatives $ 49 Discounted cash flow Surrender rate (3) 0.0% - 66.8% 1.4 % Nonperformance risk (4) 85 bps 85 bps IUL embedded derivatives $ 873 Discounted cash flow Nonperformance risk (4) 85 bps 85 bps Structured variable annuity embedded derivatives $ 1,011 Discounted cash flow Surrender rate (3) 0.5% - 75.0% 2.6 % Nonperformance risk (4) 85 bps 85 bps December 31, 2022 Fair Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 395 Discounted cash flow Yield/spread to U.S. Treasuries (1) 1.1% - 2.3% 1.4 % Asset backed securities $ 545 Discounted cash flow Annual default rate 2.4% 2.4 % Loss severity 25.0% 25.0 % Yield/spread to U.S. Treasuries (2) 320 bps - 550 bps 329 bps Fixed deferred indexed annuity ceded embedded derivatives $ 48 Discounted cash flow Surrender rate (3) 0.0% - 66.8% 1.4 % Fixed deferred indexed annuity embedded derivatives $ 44 Discounted cash flow Surrender rate (3) 0.0% - 66.8% 1.4 % Nonperformance risk (4) 95 bps 95 bps IUL embedded derivatives $ 739 Discounted cash flow Nonperformance risk (4) 95 bps 95 bps Structured variable annuity embedded derivatives $ (137) (5) Discounted cash flow Surrender rate (3) 0.8% - 40.0% 0.9 % Nonperformance risk (4) 95 bps 95 bps (1) The weighted average for the yield/spread to U.S. Treasuries for corporate debt securities (private placements) is weighted based on the security’s market value as a percentage of the aggregate market value of the securities. (2) The weighted average for the yield/spread to U.S. Treasuries for asset backed securities is calculated as the sum of each tranche’s balance multiplied by its spread to U.S. Treasuries divided by the aggregate balances of the tranches. (3) The weighted average surrender rate represents the average assumption weighted based on the account value of each contract. (4) The nonperformance risk is the spread added to the U.S. Treasury curve. (5) The fair value of the structured variable annuity embedded derivatives was a net asset as of December 31, 2022 and the amount is presented as a contra liability. Level 3 measurements not included in the tables above are obtained from non-binding broker quotes where unobservable inputs utilized in the fair value calculation are not reasonably available to the Company. Uncertainty of Fair Value Measurements Significant increases (decreases) in the yield/spread to U.S. Treasuries used in the fair value measurement of Level 3 corporate debt securities and asset backed securities in isolation would have resulted in a significantly lower (higher) fair value measurement. Significant increases (decreases) in the annual default rate used in the fair value measurement of Level 3 asset backed securities in isolation, generally, would have resulted in a significantly lower (higher) fair value measurement and significant increases (decreases) in loss severity in isolation would have resulted in a significantly lower (higher) fair value measurement. Significant increases (decreases) in the surrender assumption used in the fair value measurement of the fixed deferred indexed annuity ceded embedded derivatives in isolation would have resulted in a significantly lower (higher) fair value measurement. Significant increases (decreases) in nonperformance risk used in the fair value measurement of the IUL embedded derivatives in isolation would have resulted in a significantly lower (higher) fair value measurement. Significant increases (decreases) in nonperformance risk and surrender assumption used in the fair value measurements of the fixed deferred indexed annuity embedded derivatives and structured variable annuity embedded derivatives in isolation would have resulted in a significantly lower (higher) liability value. Determination of Fair Value The Company uses valuation techniques consistent with the market and income approaches to measure the fair value of its assets and liabilities. The Company’s market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The Company’s income approach uses valuation techniques to convert future projected cash flows to a single discounted present value amount. When applying either approach, the Company maximizes the use of observable inputs and minimizes the use of unobservable inputs. The following is a description of the valuation techniques used to measure fair value and the general classification of these instruments pursuant to the fair value hierarchy. Assets Available-for-Sale Securities When available, the fair value of securities is based on quoted prices in active markets. If quoted prices are not available, fair values are obtained from third-party pricing services, non-binding broker quotes, or other model-based valuation techniques. Level 1 securities primarily include U.S. Treasuries. Level 2 securities primarily include corporate bonds, residential mortgage backed securities, commercial mortgage backed securities, state and municipal obligations, asset backed securities and foreign government securities. The fair value of these Level 2 securities is based on a market approach with prices obtained from third-party pricing services. Observable inputs used to value these securities can include, but are not limited to, reported trades, benchmark yields, issuer spreads and non-binding broker quotes. The fair value of securities included in an observable transaction with a market participant are also considered Level 2 when the market is not active. Level 3 securities primarily include certain corporate bonds, non-agency residential mortgage backed securities, commercial mortgage backed securities and asset backed securities with fair value typically based on a single non-binding broker quote. The underlying inputs used for some of the non-binding broker quotes are not readily available to the Company. The Company’s privately placed corporate bonds are typically based on a single non-binding broker quote. The fair value of affiliated asset backed securities is determined using a discounted cash flow model. Inputs used to determine the expected cash flows include assumptions about discount rates and default, prepayment and recovery rates of the underlying assets. Given the significance of the unobservable inputs to this fair value measurement, the fair value of the investment in the affiliated asset backed securities is classified as Level 3. Management is responsible for the fair values recorded on the financial statements. Prices received from third-party pricing services are subjected to exception reporting that identifies investments with significant daily price movements as well as no movements. The Company reviews the exception reporting and resolves the exceptions through reaffirmation of the price or recording an appropriate fair value estimate. The Company also performs subsequent transaction testing. The Company performs annual due diligence of third-party pricing services. The Company’s due diligence procedures include assessing the vendor’s valuation qualifications, control environment, analysis of asset-class specific valuation methodologies, and understanding of sources of market observable assumptions and unobservable assumptions, if any, employed in the valuation methodology. The Company also considers the results of its exception reporting controls and any resulting price challenges that arise. Cash Equivalents Cash equivalents include time deposits and other highly liquid investments with original or remaining maturities at the time of purchase of 90 days or less. Actively traded money market funds are measured at their NAV and classified as Level 1. U.S. Treasuries are also classified as Level 1. The Company’s remaining cash equivalents are classified as Level 2 and measured at amortized cost, which is a reasonable estimate of fair value because of the short time between the purchase of the instrument and its expected realization. Receivables The Company reinsured its fixed deferred indexed annuity products which have an indexed account that is accounted for as an embedded derivative. The Company uses discounted cash flow models to determine the fair value of these ceded embedded derivatives. The fair value of fixed deferred indexed annuity ceded embedded derivatives includes significant observable interest rates, volatilities and equity index levels and significant unobservable surrender rates. Given the significance of the unobservable surrender rates, these embedded derivatives are classified as Level 3. Other Assets Derivatives that are measured using quoted prices in active markets, such as derivatives that are exchange-traded, are classified as Level 1 measurements. The variation margin on futures contracts is also classified as Level 1. The fair value of derivatives that are traded in less active over-the-counter (“OTC”) markets is generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These measurements are classified as Level 2 within the fair value hierarchy and include swaps and the majority of options. The counterparties’ nonperformance risk associated with uncollateralized derivative assets was immaterial as of both December 31, 2023 and 2022. See Note 17 and Note 18 for further information on the credit risk of derivative instruments and related collateral. Separate Account Assets The fair value of assets held by separate accounts is determined by the NAV of the funds in which those separate accounts are invested. The NAV is used as a practical expedient for fair value and represents the exit price for the separate account. Separate account assets are excluded from classification in the fair value hierarchy. Liabilities Policyholder Account Balances, Future Policy Benefits and Claims There is no active market for the transfer of the Company’s embedded derivatives attributable to the provisions of fixed deferred indexed annuity, structured variable annuity and IUL products. The Company uses a discounted cash flow model to determine the fair value of the embedded derivatives associated with the provisions of its equity index annuity product. The projected cash flows generated by this model are based on significant observable inputs related to interest rates, volatilities and equity index levels and, therefore, are classified as Level 2. The Company uses discounted cash flow models to determine the fair value of the embedded derivatives associated with the provisions of its fixed deferred indexed annuity, structured variable annuity and IUL products. The structured variable annuity product is a limited flexible purchase payment annuity that offers 45 different indexed account options providing equity market exposure and a fixed account. Each indexed account includes a protection option (a buffer or a floor). If the index has a negative return, contractholder losses will be reduced by a buffer or limited to a floor. The portion allocated to an indexed account is accounted for as an embedded derivative. The fair value of fixed deferred indexed annuity, structured variable annuity and IUL embedded derivatives includes significant observable interest rates, volatilities and equity index levels and significant unobservable surrender rates and the estimate of the Company’s nonperformance risk. Given the significance of the unobservable surrender rates and the nonperformance risk assumption, the fixed deferred indexed annuity, structured variable annuity and IUL embedded derivatives are classified as Level 3. The embedded derivatives attributable to these provisions are recorded in Policyholder account balances, future policy benefits and claims. Other Liabilities Derivatives that are measured using quoted prices in active markets, such as derivatives that are exchange-traded, are classified as Level 1 measurements. The variation margin on futures contracts is also classified as Level 1. The fair value of derivatives that are traded in less active OTC markets is generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These measurements are classified as Level 2 within the fair value hierarchy and include swaps and the majority of options. The Company’s nonperformance risk associated with uncollateralized derivative liabilities was immaterial as of both December 31, 2023 and 2022. See Note 17 and Note 18 for further information on the credit risk of derivative instruments and related collateral. Fair Value on a Nonrecurring Basis The Company assesses its investment in affordable housing partnerships for impairment. The investments that are determined to be impaired are written down to their fair value. The Company uses a discounted cash flow model to measure the fair value of these investments. Inputs to the discounted cash flow model are estimates of future net operating losses and tax credits available to the Company and discount rates based on market condition and the financial strength of the syndicator (general partner). The balance of affordable housing partnerships measured at fair value on a nonrecurring basis was $41 million and $58 million as of December 31, 2023 and 2022, respectively, and is classified as Level 3 in the fair value hierarchy. Assets and Liabilities Not Reported at Fair Value The following tables provide the carrying value and the estimated fair value of financial instruments that are not reported at fair value: December 31, 2023 Carrying Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial Assets Mortgage loans, net $ 1,725 $ — $ — $ 1,599 $ 1,599 Policy loans 912 — 912 — 912 Other investments 76 — 54 22 76 Receivables 6,514 — — 5,566 5,566 Financial Liabilities Policyholder account balances, future policy benefits and claims $ 16,641 $ — $ — $ 14,243 $ 14,243 Short-term borrowings 201 — 201 — 201 Long-term debt 500 — 339 — 339 Other liabilities 5 — — 5 5 Separate account liabilities - investment contracts 332 — 332 — 332 December 31, 2022 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial Assets Mortgage loans, net $ 1,768 $ — $ — $ 1,600 $ 1,600 Policy loans 847 — 847 — 847 Other investments 89 — 69 20 89 Receivables 7,372 — — 6,174 6,174 Financial Liabilities Policyholder account balances, future policy benefits and claims $ 14,450 $ — $ — $ 12,470 $ 12,470 Short-term borrowings 201 — 201 — 201 Long-term debt 500 — 315 — 315 Other liabilities 8 — — 7 7 Separate account liabilities - investment contracts 298 — 298 — 298 Other investments include syndicated loans and the Company’s membership in the FHLB. Receivables include deposit receivables. See Note 7 for additional information on mortgage loans, policy loans, syndicated loans and deposit receivables. Policyholder account balances, future policy benefits and claims include fixed annuities in deferral status, non-life contingent fixed annuities in payout status, indexed and structured variable annuity host contracts, and the fixed portion of a small number of variable annuity contracts classified as investment contracts. See Note 10 for additional information on these liabilities. Short-term borrowings include FHLB borrowings. Long-term debt includes the surplus note with Ameriprise Financial. See Note 13 for further information on short-term borrowings and long-term debt. Other liabilities include future funding commitments to affordable housing partnerships and other real estate partnerships. Separate account liabilities are related to certain annuity products that are classified as investment contracts.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Revenues See Note 4 for information about revenues from contracts with customers earned by the Company from related party transactions with affiliates. The Company is the lessor of one real estate property which it leases to Ameriprise Financial under an operating lease that expires November 30, 2029. The Company earned $5 million in rental income for each of the years ended December 31, 2023, 2022 and 2021, which is reflected in Other revenues. The Company expects to earn $5 million in each year of the five year period ending December 31, 2028 and a total of $4 million thereafter. Expenses Charges by Ameriprise Financial and affiliated companies to the Company for use of joint facilities, technology support, marketing services and other services aggregated $338 million, $320 million and $345 million for the years ended December 31, 2023, 2022 and 2021, respectively. Certain of these costs are included in DAC. Expenses allocated to the Company may not be reflective of expenses that would have been incurred by the Company on a stand-alone basis. Income Taxes The Company’s taxable income is included in the consolidated federal income tax return of Ameriprise Financial. The net amount due from (to) Ameriprise Financial for federal income taxes was $269 million and $(56) million as of December 31, 2023 and 2022, respectively, which is reflected in Other assets and Other liabilities, respectively. Investments The Company invested in AA and A rated asset backed securities issued by AAF as of December 31, 2021 and in AA, A and BBB rated asset backed securities issued by AAF 2 as of December 31, 2023 and 2022, both affiliates of the Company. The asset backed securities are collateralized by a portfolio of loans issued to advisors affiliated with AFS, an affiliated broker dealer. During the third quarter of 2022, the Company redeemed the outstanding AA and A rated securities issued by AAF at par and invested $564 million in new AA, A and BBB rated asset backed securities issued by AAF 2. As of December 31, 2023 and 2022, the fair value of these asset backed securities was $554 million and $544 million, respectively. The fair value of these asset backed securities is reported in Investments: Available-for-Sale Fixed maturities, at fair value. Interest income from these asset backed securities was $34 million, $17 million and $12 million for the years ended December 31, 2023, 2022 and 2021, respectively, and is reported in Net investment income. Lines of Credit RiverSource Life Insurance Company, as the lender, has amended its revolving credit agreement with Ameriprise Financial as the borrower. This line of credit is not to exceed 3% of RiverSource Life Insurance Company’s statutory admitted assets as of the prior year end. Prior to June 1, 2023, the interest rate for any borrowing under the agreement was established by reference to LIBOR for U.S. dollar deposits with maturities comparable to the relevant interest period, plus an applicable margin subject to adjustment based on debt ratings of the senior unsecured debt of Ameriprise Financial. In June 2023, in anticipation of the end of the publication of U.S. dollar LIBOR, an amendment to the agreement changed the interest rate to Adjusted Daily Simple SOFR plus an applicable margin subject to adjustment based on debt ratings of the senior unsecured debt of Ameriprise Financial. In the event of default, an additional 1% interest will accrue during such period of default. There were no amounts outstanding on this revolving credit agreement as of both December 31, 2023 and 2022. See Note 13 for information about additional lines of credit with an affiliate. Long-Term Debt See Note 13 for information about a surplus note to an affiliate. Dividends, Return of Capital or Distributions Cash dividends and return of capital or distributions paid and received by RiverSource Life Insurance Company were as follows: Years Ended December 31, 2023 2022 2021 (in millions) Dividends paid to Ameriprise Financial $ 600 $ 600 $ 1,900 Dividend received from RiverSource Life of NY 50 63 — Dividends received from RTA — — 50 Return of capital received from RTA 75 80 —

Regulatory Requirements

Regulatory Requirements	12 Months Ended
	Dec. 31, 2023
Insurance [Abstract]
Regulatory Requirements	Regulatory Requirements The National Association of Insurance Commissioners (“NAIC”) defines Risk-Based Capital (“RBC”) requirements for insurance companies. The RBC requirements are used by the NAIC and state insurance regulators to identify companies that merit regulatory actions designed to protect policyholders. These requirements apply to the Company. The Company has met its minimum RBC requirements. Insurance companies are required to prepare statutory financial statements in accordance with the accounting practices prescribed or permitted by the insurance departments of their respective states of domicile, which vary materially from GAAP. Prescribed statutory accounting practices include publications of the NAIC, as well as state laws, regulations and general administrative rules. The more significant differences from GAAP include charging policy acquisition costs to expense as incurred, establishing annuity and insurance reserves using different actuarial methods and assumptions, classifying surplus notes as a component of statutory surplus rather than debt, valuing investments on a different basis and excluding certain assets from the balance sheet by charging them directly to surplus, such as a portion of the net deferred income tax assets. State insurance statutes contain limitations as to the amount of dividends and other distributions that insurers may make without providing prior notification to state regulators. For RiverSource Life Insurance Company, payments in excess of unassigned surplus, as determined in accordance with accounting practices prescribed by the State of Minnesota, require advance notice to the Minnesota Department of Commerce, RiverSource Life Insurance Company’s primary regulator, and are subject to potential disapproval. RiverSource Life Insurance Company’s statutory unassigned deficit was $582 million and $679 million as of December 31, 2023 and 2022, respectively. In addition, dividends or distributions whose fair market value, together with that of other dividends or distributions made within the preceding 12 months, exceed the greater of the previous year’s statutory net gain from operations or 10% of the previous year-end statutory capital and surplus are referred to as “extraordinary dividends.” Extraordinary dividends also require advance notice to the Minnesota Department of Commerce, and are subject to potential disapproval. Statutory capital and surplus was $3.1 billion as of both December 31, 2023 and 2022. Statutory net gain from operations and net income for RiverSource Life Insurance Company are summarized as follows: Years Ended December 31, 2023 2022 2021 (in millions) Statutory net gain from operations $ 1,331 $ 1,615 $ 1,366 Statutory net income 845 1,769 253

Offsetting Assets and Liabiliti

Offsetting Assets and Liabilities	12 Months Ended
	Dec. 31, 2023
Offsetting [Abstract]
Offsetting Assets and Liabilities	Offsetting Assets and Liabilities Certain financial instruments and derivative instruments are eligible for offset in the Consolidated Balance Sheets. The Company’s derivative instruments are subject to master netting and collateral arrangements and qualify for offset. A master netting arrangement with a counterparty creates a right of offset for amounts due to and from that same counterparty that is enforceable in the event of a default or bankruptcy. The Company’s policy is to recognize amounts subject to master netting arrangements on a gross basis in the Consolidated Balance Sheets. The following tables present the gross and net information about the Company’s assets subject to master netting arrangements: December 31, 2023 Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Amounts of Assets Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 5,170 $ — $ 5,170 $ (3,694) $ (1,101) $ (357) $ 18 OTC cleared 9 — 9 (9) — — — Exchange-traded 38 — 38 (18) — — 20 Total $ 5,217 $ — $ 5,217 $ (3,721) $ (1,101) $ (357) $ 38 December 31, 2022 Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Amounts of Assets Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 2,887 $ — $ 2,887 $ (2,313) $ (565) $ (5) $ 4 OTC cleared 23 — 23 (9) — — 14 Exchange-traded 97 — 97 (75) — — 22 Total $ 3,007 $ — $ 3,007 $ (2,397) $ (565) $ (5) $ 40 (1) Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets. The following tables present the gross and net information about the Company’s liabilities subject to master netting arrangements: December 31, 2023 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Amounts of Gross Amounts Not Offset Net Amount Financial Instruments (1) Cash Securities (in millions) Derivatives: OTC $ 3,812 $ — $ 3,812 $ (3,694) $ (34) $ (78) $ 6 OTC cleared 35 — 35 (9) — — 26 Exchange-traded 18 — 18 (18) — — — Total $ 3,865 $ — $ 3,865 $ (3,721) $ (34) $ (78) $ 32 December 31, 2022 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Amounts of Liabilities Presented in the Consolidated Balance Sheets Gross Amounts Not Offset Net Amount Financial Instruments (1) Cash Securities (in millions) Derivatives: OTC $ 2,630 $ — $ 2,630 $ (2,313) $ (38) $ (277) $ 2 OTC cleared 9 — 9 (9) — — — Exchange-traded 92 — 92 (75) — (17) — Total $ 2,731 $ — $ 2,731 $ (2,397) $ (38) $ (294) $ 2 (1) Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets. In the tables above, the amount of assets or liabilities presented are offset first by financial instruments that have the right of offset under master netting or similar arrangements, then any remaining amount is reduced by the amount of cash and securities collateral. The actual collateral may be greater than amounts presented in the tables. When the fair value of collateral accepted by the Company is less than the amount due to the Company, there is a risk of loss if the counterparty fails to perform or provide additional collateral. To mitigate this risk, the Company monitors collateral values regularly and requires additional collateral when necessary. When the value of collateral pledged by the Company declines, it may be required to post additional collateral. Freestanding derivative instruments are reflected in Other assets and Other liabilities. Cash collateral pledged by the Company is reflected in Other assets and cash collateral accepted by the Company is reflected in Other liabilities. See Note 18 for additional disclosures related to the Company’s derivative instruments and Note 5 for information related to derivatives held by consolidated investment entities.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities Derivative instruments enable the Company to manage its exposure to various market risks. The value of such instruments is derived from an underlying variable or multiple variables, including equity and interest rate indices or prices. The Company primarily enters into derivative agreements for risk management purposes related to the Company’s products and operations. Certain of the Company’s freestanding derivative instruments are subject to master netting arrangements. The Company’s policy on the recognition of derivatives on the Consolidated Balance Sheets is to not offset fair value amounts recognized for derivatives and collateral arrangements executed with the same counterparty under the same master netting arrangement. See Note 17 for additional information regarding the estimated fair value of the Company’s freestanding derivatives after considering the effect of master netting arrangements and collateral. Generally, the Company uses derivatives as economic hedges and accounting hedges. The following table presents the notional value and gross fair value of derivative instruments, including embedded derivatives: December 31, 2023 December 31, 2022 Notional Gross Fair Value Notional Gross Fair Value Assets (1) Liabilities (2) Assets (1) Liabilities (2) (in millions) Derivatives not designated as hedging instruments Interest rate contracts $ 42,516 $ 185 $ 305 $ 101,302 $ 267 $ 355 Equity contracts 81,905 5,010 3,450 67,416 2,693 2,366 Credit contracts 3,375 1 106 1,802 13 — Foreign exchange contracts 2,952 21 4 2,870 34 10 Total non-designated hedges 130,748 5,217 3,865 173,390 3,007 2,731 Embedded derivatives IUL N/A — 873 N/A — 739 Fixed deferred indexed annuities and deposit receivables N/A 51 52 N/A 48 47 Structured variable annuity (3) N/A — 1,011 N/A — (137) Total embedded derivatives N/A 51 1,936 N/A 48 649 Total derivatives $ 130,748 $ 5,268 $ 5,801 $ 173,390 $ 3,055 $ 3,380 N/A Not applicable. (1) The fair value of freestanding derivative assets is included in Other assets Receivables (2) The fair value of freestanding derivative liabilities is included in Other liabilities Policyholder account balances, future policy benefits and claims (3) The fair value of the structured variable annuity embedded derivatives as of December 31, 2023 included $1.0 billion of individual contracts in a liability position and $15 million of individual contracts in an asset position. The fair value of the structured variable annuity embedded derivatives as of December 31, 2022 included $194 million of individual contracts in a liability position and $331 million of individual contracts in an asset position. See Note 14 for additional information regarding the Company’s fair value measurement of derivative instruments. As of December 31, 2023 and 2022, investment securities with a fair value of $1.5 billion and $1.7 billion, respectively, were pledged to meet contractual obligations under derivative contracts, of which $145 million and $302 million, respectively, may be sold, pledged or rehypothecated by the counterparty. As of December 31, 2023 and 2022, investment securities with a fair value of $376 million and $14 million, respectively, were received as collateral to meet contractual obligations under derivative contracts, of which $314 million and $5 million, respectively, may be sold, pledged or rehypothecated by the Company. As of both December 31, 2023 and 2022, the Company had sold, pledged, or rehypothecated none of these securities. In addition, as of both December 31, 2023 and 2022, non-cash collateral accepted was held in separate custodial accounts and was not included in the Company’s Consolidated Balance Sheets. The following table presents a summary of the impact of derivatives not designated as hedging instruments, including embedded derivatives, on the Consolidated Statements of Income: Net Investment Income Benefits, Claims, Losses and Settlement Expenses Interest Credited to Fixed Accounts Change in Fair Value of Market Risk Benefits (in millions) Year Ended December 31, 2023 Interest rate contracts $ — $ (5) $ — $ (422) Equity contracts — 770 79 (1,239) Credit contracts — — — 7 Foreign exchange contracts — — — 5 IUL embedded derivatives — — (75) — Fixed deferred indexed annuity and deposit receivables embedded derivatives — — (3) — Structured variable annuity embedded derivatives — (1,166) — — Total gain (loss) $ — $ (401) $ 1 $ (1,649) Year Ended December 31, 2022 Interest rate contracts $ — $ (26) $ — $ (2,874) Equity contracts — (164) (126) 899 Credit contracts — — — 279 Foreign exchange contracts — — — 105 IUL embedded derivatives — — 217 — Fixed deferred indexed annuity and deposit receivables embedded derivatives — — 4 — Structured variable annuity embedded derivatives — 633 — — Total gain (loss) $ — $ 443 $ 95 $ (1,591) Year Ended December 31, 2021 Interest rate contracts $ — $ — $ — $ (886) Equity contracts 1 34 91 (851) Credit contracts — — — 43 Foreign exchange contracts — — — 5 IUL embedded derivatives — — 30 — Fixed deferred indexed annuity and deposit receivables embedded derivatives — — (8) — Structured variable annuity embedded derivatives — (393) — — Total gain (loss) $ 1 $ (359) $ 113 $ (1,689) The Company holds derivative instruments that either do not qualify or are not designated for hedge accounting treatment. These derivative instruments are used as economic hedges of equity, interest rate, credit and foreign currency exchange rate risk related to various products and transactions of the Company. The deferred premium associated with certain of the above options is paid or received semi-annually over the life of the contract or at maturity. The following is a summary of the payments the Company is scheduled to make and receive for these options as of December 31, 2023: Premiums Premiums (in millions) 2024 $ 131 $ 23 2025 121 20 2026 247 88 2027 20 — 2028 30 — 2029-2030 378 — Total $ 927 $ 131 Actual timing and payment amounts may differ due to future settlements, modifications or exercises of the contracts prior to the full premium being paid or received. Structured variable annuity and IUL products have returns tied to the performance of equity markets. As a result of fluctuations in equity markets, the obligation incurred by the Company related to structured variable annuity and IUL products will positively or negatively impact earnings over the life of these products. The equity components of structured variable annuity and IUL product obligations are considered embedded derivatives, which are bifurcated from their host contracts for valuation purposes and reported on the Consolidated Balance Sheets at fair value with changes in fair value reported in earnings. As a means of economically hedging its obligations under the provisions of these products, the Company enters into interest rate swaps, index options and futures contracts. As discussed in Note 12, the Company issues variable annuity contracts that provide protection to contractholders from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. The Company economically hedges its obligations under these market risk benefits using options, swaptions, swaps and futures. Credit Risk Credit risk associated with the Company’s derivatives is the risk that a derivative counterparty will not perform in accordance with the terms of the applicable derivative contract. To mitigate such risk, the Company has established guidelines and oversight of credit risk through a comprehensive enterprise risk management program that includes members of senior management. Key components of this program are to require preapproval of counterparties and the use of master netting and collateral arrangements whenever practical. See Note 17 for additional information on the Company’s credit exposure related to derivative assets. Certain of the Company’s derivative contracts contain provisions that adjust the level of collateral the Company is required to post based on the Company’s financial strength rating (or based on the debt rating of the Company’s parent, Ameriprise Financial). Additionally, certain of the Company’s derivative contracts contain provisions that allow the counterparty to terminate the contract if the Company does not maintain a specific financial strength rating or Ameriprise Financial’s debt does not maintain a specific credit rating (generally an investment grade rating). If these termination provisions were to be triggered, the Company’s counterparty could require immediate settlement of any net liability position. As of December 31, 2023 and 2022, the aggregate fair value of derivative contracts in a net liability position containing such credit contingent provisions was $62 million and $234 million, respectively. The aggregate fair value of assets posted as collateral for such instruments as of December 31, 2023 and 2022 was $55 million and $232 million, respectively. If the credit contingent provisions of derivative contracts in a net liability position as of both December 31, 2023 and 2022 were triggered, the aggregate fair value of additional assets that would be required to be posted as collateral or needed to settle the instruments immediately would have been $7 million and $2 million as of December 31, 2023 and 2022, respectively.

Shareholder's Equity

Shareholder's Equity	12 Months Ended
	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Shareholder's Equity	Shareholder’s Equity The following tables provide the amounts related to each component of OCI: Year Ended December 31, 2023 Pretax Income Tax Benefit (Expense) Net of Tax (in millions) Net unrealized gains (losses) on securities: Net unrealized gains (losses) on securities arising during the period (1) $ 652 $ (144) $ 508 Reclassification of net (gains) losses on securities included in net income (2) 27 (7) 20 Impact of benefit reserves and reinsurance recoverables (24) 5 (19) Net unrealized gains (losses) on securities 655 (146) 509 Effect of changes in discount rate assumptions on certain long-duration contracts (69) 15 (54) Effect of changes in instrument-specific credit risk on MRBs (83) 18 (65) Total other comprehensive income (loss) $ 503 $ (113) $ 390 Year Ended December 31, 2022 Pretax Income Tax Benefit (Expense) Net of Tax (in millions) Net unrealized gains (losses) on securities: Net unrealized gains (losses) on securities arising during the period (1) $ (2,784) $ 595 $ (2,189) Reclassification of net (gains) losses on securities included in net income (2) 88 (19) 69 Impact of benefit reserves and reinsurance recoverables 103 (18) 85 Net unrealized gains (losses) on securities (2,593) 558 (2,035) Effect of changes in discount rate assumptions on certain long-duration contracts 1,095 (234) 861 Effect of changes in instrument-specific credit risk on MRBs 517 (110) 407 Total other comprehensive income (loss) $ (981) $ 214 $ (767) Year Ended December 31, 2021 Pretax Income Tax Benefit (Expense) Net of Tax (in millions) Net unrealized gains (losses) on securities: Net unrealized gains (losses) on securities arising during the period (1) $ (527) $ 111 $ (416) Reclassification of net (gains) losses on securities included in net income (2) (556) 117 (439) Impact of benefit reserves and reinsurance recoverables 8 (1) 7 Net unrealized gains (losses) on securities (1,075) 227 (848) Effect of changes in discount rate assumptions on certain long-duration contracts 361 (77) 284 Effect of changes in instrument-specific credit risk on MRBs 127 (27) 100 Total other comprehensive income (loss) $ (587) $ 123 $ (464) (1) Includes impairments on Available-for-Sale securities related to factors other than credit that were recognized in OCI during the period. (2) Reclassification amounts are recorded in Net realized investment gains (losses). Other comprehensive income (loss) related to net unrealized gains (losses) on securities includes three components: (i) unrealized gains (losses) that arose from changes in the market value of securities that were held during the period; (ii) (gains) losses that were previously unrealized, but have been recognized in current period net income due to sales of Available-for-Sale securities and due to the reclassification of noncredit losses to credit losses; and (iii) other adjustments primarily consisting of changes in insurance and annuity asset and liability balances, such as benefit reserves and reinsurance recoverables, to reflect the expected impact on their carrying values had the unrealized gains (losses) been realized as of the respective balance sheet dates. The following table presents the changes in the balances of each component of AOCI, net of tax: Net Unrealized Gains (Losses) on Securities Effect of Changes in Discount Rate Assumptions Effect of Changes in Instrument-Specific Credit Risk on MRBs Other Total (in millions) Balance at January 1, 2021 $ 1,185 $ — $ — $ (1) $ 1,184 Cumulative effect of adoption of long-duration contracts guidance 707 (1,217) (527) — (1,037) OCI before reclassifications (409) 284 100 — (25) Amounts reclassified from AOCI (439) — — — (439) Total OCI (848) 284 100 — (464) Balance at December 31, 2021 1,044 (933) (427) (1) (317) OCI before reclassifications (2,104) 861 407 — (836) Amounts reclassified from AOCI 69 — — — 69 Total OCI (2,035) 861 407 — (767) Balance at December 31, 2022 (991) (72) (20) (1) (1,084) OCI before reclassifications 489 (54) (65) — 370 Amounts reclassified from AOCI 20 — — — 20 Total OCI 509 (54) (65) — 390 Balance at December 31, 2023 $ (482) $ (126) $ (85) $ (1) $ (694)

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The components of income tax provision (benefit) were as follows: Years Ended December 31, 2023 2022 2021 (in millions) Current income tax Federal $ (112) $ 57 $ 172 State 2 (2) 6 Total current income tax (110) 55 178 Deferred income tax Federal 98 150 136 State 2 4 2 Total deferred income tax 100 154 138 Total income tax provision (benefit) $ (10) $ 209 $ 316 The principal reasons that the aggregate income tax provision (benefit) is different from that computed by using the U.S. statutory rate of 21% were as follows: Years Ended December 31, 2023 2022 2021 Tax at U.S. statutory rate 21.0 % 21.0 % 21.0 % Changes in taxes resulting from: Dividends received deduction (8.2) (2.3) (1.7) Low income housing tax credits (8.0) (2.9) (3.3) Foreign tax credit, net of addback (7.0) (1.7) (0.9) Audit adjustments (3.4) — — Uncertain tax positions 1.6 — — Other, net 1.5 (0.3) 0.4 Income tax provision (benefit) (2.5) % 13.8 % 15.5 % The decrease in the Company’s effective tax rate for the year ended December 31, 2023 compared to 2022 is primarily due to lower pretax income in the current year. The decrease in the Company’s effective tax rate for the year ended December 31, 2022 compared to 2021 is primarily due to lower pretax income relative to tax preferred items. Deferred income tax assets and liabilities result from temporary differences between the assets and liabilities measured for GAAP reporting versus income tax return purposes. Deferred income tax assets and liabilities are measured at the statutory rate of 21% as of both December 31, 2023 and 2022. The significant components of the Company’s deferred income tax assets and liabilities, which are included net within Other assets or Other liabilities, were as follows: December 31, 2023 2022 (1) (in millions) Deferred income tax assets Insurance and annuity benefits including corresponding hedges $ 1,244 $ 1,431 Investments including net unrealized on Available-for-Sale securities 118 165 Other 30 29 Gross deferred income tax assets 1,392 1,625 Less: valuation allowance 30 30 Total deferred income tax assets 1,362 1,595 Deferred income tax liabilities Deferred acquisition costs 380 410 Other 56 52 Gross deferred income tax liabilities 436 462 Net deferred income tax assets $ 926 $ 1,133 (1) Prior period amounts have been reclassified to conform to current year presentation and primarily relate to derivative activity being presented with the liabilities they are hedging and remaining investments being presented together inclusive of net unrealized on Available-for-Sale securities. Included in the Company’s deferred income tax assets are tax benefits related to state net operating losses of $28 million, net of federal benefit, which will expire beginning December 31, 2024. Based on analysis of the Company’s tax position as of December 31, 2023, management believes it is more likely than not that the Company will not realize certain state net operating losses of $28 million and state deferred tax assets of $2 million; therefore, a valuation allowance of $30 million has been established. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits was as follows: 2023 2022 2021 (in millions) Balance at January 1 $ 37 $ 37 $ 38 Reductions for tax positions related to the current year (3) (1) (1) Additions for tax positions of prior years 65 1 — Reductions for tax positions of prior years (71) — — Reductions due to lapse of statutes of limitations (1) — — Balance at December 31 $ 27 $ 37 $ 37 If recognized, approximately $19 million, $20 million and $20 million, net of federal tax benefits, of unrecognized tax benefits as of December 31, 2023, 2022 and 2021, respectively, would affect the effective tax rate. It is reasonably possible that the total amount of unrecognized tax benefits will change in the next 12 months. The Company estimates that the total amount of gross unrecognized tax benefits may decrease by approximately $2 million in the next 12 months primarily due to state statutes of limitations expirations. The Company recognizes interest and penalties related to unrecognized tax benefits as a component of the income tax provision. The Company recognized a net increase of $8 million, nil and a net increase of $1 million in interest and penalties for the years ended December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023 and 2022, the Company had a payable of $11 million and $3 million related to accrued interest and penalties, respectively. The Company files income tax returns as part of its inclusion in the consolidated federal income tax return of Ameriprise Financial in the U.S. federal jurisdiction and various state jurisdictions. As of December 31, 2023, the federal statutes of limitations are closed on years through 2018. A previously open item for 2014 and 2015 was resolved in the second quarter of 2023. Also in the second quarter of 2023, the Internal Revenue Service (“IRS”) audit for tax years 2016 through 2018 was finalized. The IRS is currently auditing Ameriprise Financial’s U.S. income tax returns for 2019 and 2020. The state income tax returns of Ameriprise Financial and its subsidiaries, including the Company, are currently under examination by various jurisdictions for years ranging from 2017 through 2021.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments The following table presents the Company’s funding commitments as of December 31: 2023 2022 (in millions) Commercial mortgage loans $ 15 $ — Contingencies The Company and its affiliates are involved in the normal course of business in legal proceedings which include regulatory inquiries, arbitration and litigation, including class actions, concerning matters arising in connection with the conduct of its activities. These include proceedings specific to the Company as well as proceedings generally applicable to business practices in the industries in which it operates. The Company can also be subject to legal proceedings arising out of its general business activities, such as its investments, contracts and employment relationships. Uncertain economic conditions, heightened and sustained volatility in the financial markets and significant financial reform legislation may increase the likelihood that clients and other persons or regulators may present or threaten legal claims or that regulators increase the scope or frequency of examinations of the Company or the insurance industry generally. As with other insurance companies, the level of regulatory activity and inquiry concerning the Company’s businesses remains elevated. From time to time, the Company and its affiliates, including AFS and RiverSource Distributors, Inc. receive requests for information from, and/or are subject to examination or claims by various state, federal and other domestic authorities. The Company and its affiliates typically have numerous pending matters, which include information requests, exams or inquiries regarding their business activities and practices and other subjects, including from time to time: sales and distribution of, and disclosure practices related to, various products, including the Company’s insurance and annuity products; supervision of associated persons, including AFS financial advisors and RiverSource Distributors, Inc.’s wholesalers; administration of insurance and annuity claims; security of client information; and transaction monitoring systems and controls. The Company and its affiliates are cooperating with the applicable regulators. These pending matters are subject to uncertainties and, as such, it is inherently difficult to determine whether any loss is probable or even reasonably possible, or to reasonably estimate the amount of any loss that may result from such matters. The Company cannot predict with certainty if, how, or when any such proceedings will be initiated or resolved. Matters frequently need to be more developed before a potential loss or range of loss can be reasonably estimated for any matter. An adverse outcome in any matter could result in an adverse judgment, a settlement, fine, penalty, or other sanction, and may lead to further claims, examinations, or adverse publicity each of which could have a material adverse effect on the Company’s consolidated financial condition, results of operations, or liquidity. In accordance with applicable accounting standards, the Company establishes an accrued liability for contingent litigation and regulatory matters when those matters present loss contingencies that are both probable and can be reasonably estimated. The Company discloses the nature of the contingency when management believes there is at least a reasonable possibility that the outcome may be material to the Company’s consolidated financial statements and, where feasible, an estimate of the possible loss. In such cases, there still may be an exposure to loss in excess of any amounts reasonably estimated and accrued. When a loss contingency is not both probable and reasonably estimable, the Company does not establish an accrued liability, but continues to monitor, in conjunction with any outside counsel handling a matter, further developments that would make such loss contingency both probable and reasonably estimable. Once the Company establishes an accrued liability with respect to a loss contingency, the Company continues to monitor the matter for further developments that could affect the amount of the accrued liability that has been previously established, and any appropriate adjustments are made each quarter. Guaranty Fund Assessments RiverSource Life Insurance Company and RiverSource Life of NY are required by law to be a member of the guaranty fund association in every state where they are licensed to do business. In the event of insolvency of one or more unaffiliated insurance companies, the Company could be adversely affected by the requirement to pay assessments to the guaranty fund associations. The Company projects its cost of future guaranty fund assessments based on estimates of insurance company insolvencies provided by the National Organization of Life and Health Insurance Guaranty Associations and the amount of its premiums written relative to the industry-wide premium in each state. The Company accrues the estimated cost of future guaranty fund assessments when it is considered probable that an assessment will be imposed, the event obligating the Company to pay the assessment has occurred and the amount of the assessment can be reasonably estimated. The Company has a liability for estimated guaranty fund assessments and a related premium tax asset. As of December 31, 2023 and 2022, the estimated liability was $34 million and $12 million, respectively. As of December 31, 2023 and 2022, the related premium tax asset was $29 million and $10 million, respectively. The expected period over which guaranty fund assessments will be made and the related tax credits recovered is not known.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation A VIE is an entity that either has equity investors that lack certain essential characteristics of a controlling financial interest (including substantive voting rights, the obligation to absorb the entity’s losses, or the rights to receive the entity’s returns) or has equity investors that do not provide sufficient financial resources for the entity to support its activities. Voting interest entities (“VOEs”) are those entities that do not qualify as a VIE. The Company consolidates VOEs in which it holds a greater than 50% voting interest. The Company generally accounts for entities using the equity method when it holds a greater than 20% but less than 50% voting interest or when the Company exercises significant influence over the entity. All other investments that are not reported at fair value as trading or Available-for-Sale securities are accounted for using the measurement alternative method when the Company owns less than a 20% voting interest and does not exercise significant influence. Under the measurement alternative, the investment is recorded at the cost basis, less impairments, if any, plus or minus observable price changes of identical or similar investments of the same issuer. A VIE is consolidated by the reporting entity that determines it has both: • the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance; and • the obligation to absorb potentially significant losses or the right to receive potentially significant benefits to the VIE. All VIEs are assessed for consolidation under this framework. When evaluating entities for consolidation, the Company considers its contractual rights in determining whether it has the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance. In determining whether the Company has this power, it considers whether it is acting in a role that enables it to direct the activities that most significantly impact the economic performance of an entity or if it is acting in an agent role. In determining whether the Company has the obligation to absorb potential significant losses of the VIE or the right to receive potential significant benefits from the VIE that could potentially be significant to the VIE, the Company considers an analysis of its rights to receive benefits such as investment returns and its obligation to absorb losses associated with any investment in the VIE in conjunction with other qualitative factors. Management and incentive fees that are at market and commensurate with the level of services provided, and where the Company does not hold other interests in the VIE that would absorb more than an insignificant amount of the VIE’s expected losses or receive more than an insignificant amount of the VIE’s expected residual returns, are not considered a variable interest and are excluded from the analysis. The consolidation guidance has a scope exception for reporting entities with interests in registered money market funds which do not have an explicit support agreement.
Amounts Based on Estimates and Assumptions	Amounts Based on Estimates and Assumptions Accounting estimates are an integral part of the Consolidated Financial Statements. In part, they are based upon assumptions concerning future events. Among the more significant are those that relate to investment securities valuation and the recognition of credit losses or impairments, valuation of derivative instruments, litigation reserves, future policy benefits, market risk benefits, and income taxes and the recognition of deferred tax assets and liabilities. These accounting estimates reflect the best judgment of management and actual results could differ.
Investments	Investments Available-for-Sale Securities Available-for-Sale securities are carried at fair value with unrealized gains (losses) recorded in accumulated other comprehensive income (“AOCI”), net of impacts to benefit reserves, reinsurance recoverables and income taxes. Gains and losses are recognized on a trade date basis in the Consolidated Statements of Income upon disposition of the securities. Available-for-Sale securities are impaired when the fair value of an investment is less than its amortized cost. When an Available-for-Sale security is impaired, the Company first assesses whether or not: (i) it has the intent to sell the security (i.e., made a decision to sell) or (ii) it is more likely than not that the Company will be required to sell the security before its anticipated recovery. If either of these conditions exist, the Company recognizes an impairment by reducing the book value of the security for the difference between the investment’s amortized cost and its fair value with a corresponding charge to earnings. Subsequent increases in the fair value of Available-for-Sale securities that occur in periods after a write-down has occurred are recorded as unrealized gains in other comprehensive income (“OCI”), while subsequent decreases in fair value would continue to be recorded as reductions of book value with a charge to earnings. For securities that do not meet the above criteria, the Company determines whether the decrease in fair value is due to a credit loss or due to other factors. The amount of impairment due to credit-related factors, if any, is recognized as an allowance for credit losses with a related charge to net realized investment gains (losses). The allowance for credit losses is limited to the amount by which the security’s amortized cost basis exceeds its fair value. The amount of the impairment related to other factors is recognized in OCI. Factors the Company considers in determining whether declines in the fair value of fixed maturity securities are due to credit-related factors include: (i) the extent to which the market value is below amortized cost; (ii) fundamental analysis of the liquidity, business prospects and overall financial condition of the issuer; and (iii) market events that could impact credit ratings, economic and business climate, litigation and government actions, and similar external business factors. If through subsequent evaluation there is a sustained increase in cash flows expected, both the allowance and related charge to earnings may be reversed to reflect the increase in expected principal and interest payments. In order to determine the amount of the credit loss component for corporate debt securities, a best estimate of the present value of cash flows expected to be collected discounted at the security’s effective interest rate is compared to the amortized cost basis of the security. The significant inputs to cash flow projections consider potential debt restructuring terms, projected cash flows available to pay creditors and the Company’s position in the debtor’s overall capital structure. When assessing potential credit-related impairments for structured investments (e.g., residential mortgage backed securities, commercial mortgage backed securities and asset backed securities), the Company also considers credit-related factors such as overall deal structure and its position within the structure, quality of underlying collateral, delinquencies and defaults, loss severities, recoveries, prepayments and cumulative loss projections. Management has elected to exclude accrued interest in its measurement of the allowance for credit losses for Available-for-Sale securities. Accrued interest on Available-for-Sale securities is recorded as earned in Accrued investment income. Available-for-Sale securities are generally placed on nonaccrual status when the accrued balance becomes 90 days past due or earlier based on management’s evaluation of the facts and circumstances of each security under review. All previously accrued interest is reversed through Net investment income. Other Investments
Financing Receivables	Financing Receivables Financing receivables are comprised of commercial loans, policy loans, and deposit receivables. Commercial Loans Commercial loans include commercial mortgage loans and syndicated loans and are recorded at amortized cost less the allowance for credit losses. Commercial mortgage loans are recorded within Mortgage loans and syndicated loans are recorded within Other investments. Commercial mortgage loans are loans on commercial properties that are originated by the Company. Syndicated loans represent the Company’s investment in loan syndications originated by unrelated third parties. Interest income is accrued as earned on the unpaid principal balances of the loans. Interest income recognized on commercial mortgage loans and syndicated loans is recorded in Net investment income. Policy Loans Policy loans do not exceed the cash surrender value at origination. As there is minimal risk of loss related to policy loans, there is no allowance for credit losses. Interest income is accrued as earned on the unpaid principal balances of the loans. Interest income recognized on policy loans is recorded in Net investment income. Deposit Receivables For each of its reinsurance agreements, the Company determines whether the agreement provides indemnification against loss or liability related to insurance risk in accordance with applicable accounting standards. If the Company determines that a reinsurance agreement does not expose the reinsurer to a reasonable possibility of a significant loss from insurance risk, the Company records the agreement using the deposit method of accounting. Deposits made and any related embedded derivatives are included in Receivables. As amounts are received, consistent with the underlying contracts, deposit receivables are adjusted. Deposit receivables are accreted using the interest method and the accretion is reported in Other revenues. See Note 7 for additional information on financing receivables. Allowance for Credit Losses The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected over the asset’s expected life, considering past events, current conditions and reasonable and supportable forecasts of future economic conditions. Estimates of expected credit losses consider both historical charge-off and recovery experience as well as current economic conditions and management’s expectation of future charge-off and recovery levels. Expected losses related to risks other than credit risk are excluded from the allowance for credit losses. The allowance for credit losses is measured and recorded upon initial recognition of the loan, regardless of whether it is originated or purchased. The methods and information used to develop the allowance for credit losses for each class of financing receivable are discussed below. Commercial Loans The allowance for credit losses for commercial mortgage loans and syndicated loans utilizes a probability of default and loss severity approach to estimate lifetime expected credit losses. Actual historical default and loss severity data for each type of commercial loan is adjusted for current conditions and reasonable and supportable forecasts of future economic conditions to develop the probability of default and loss severity assumptions that are applied to the amortized cost basis of the loans over the expected life of each portfolio. The allowance for credit losses on commercial mortgage loans and syndicated loans is recorded through provisions charged to Net realized investment gains (losses) and is reduced/increased by net charge-offs/recoveries. Management determines the adequacy of the allowance for credit losses based on the overall loan portfolio composition, recent and historical loss experience, and other pertinent factors, including when applicable, internal risk ratings, loan-to-value (“LTV”) ratios, and occupancy rates, along with reasonable and supportable forecasts of economic and market conditions. This evaluation is inherently subjective as it requires estimates, which may be susceptible to significant change. While the Company may attribute portions of the allowance to specific loan pools as part of the allowance estimation process, the entire allowance is available to absorb losses expected over the life of the loan portfolio. Deposit Receivables The allowance for credit losses is calculated on an individual reinsurer basis. Deposit receivables are collateralized by underlying trust arrangements. Management evaluates the terms of the reinsurance and trust agreements, the nature of the underlying assets, and the potential for changes in the collateral value when considering the need for an allowance for credit losses. Nonaccrual Loans Commercial mortgage loans and syndicated loans are placed on nonaccrual status when either the collection of interest or principal has become 90 days past due or is otherwise considered doubtful of collection. When a loan is placed on nonaccrual status, unpaid accrued interest is reversed. Interest payments received on loans on nonaccrual status are generally applied to principal unless the remaining principal balance has been determined to be fully collectible. Management has elected to exclude accrued interest in its measurement of the allowance for credit losses for commercial mortgage loans and syndicated loans. Loan Modifications A loan is modified when the Company makes certain concessionary modifications to contractual terms such as principal forgiveness, interest rate reductions, other-than-insignificant payment delays, and/or term extensions in an attempt to make the loan more affordable to a borrower experiencing financial difficulties. Generally, performance prior to the modification or significant events that coincide with the modification are considered in assessing whether the borrower can meet the new terms which may result in the loan being returned to accrual status at the time of the modification or after a performance period. If the borrower’s ability to meet the revised payment schedule is not reasonably assured, the loan remains on nonaccrual status. Charge-off and Foreclosure Charge-offs are recorded when the Company concludes that all or a portion of the commercial mortgage loan or syndicated loan is uncollectible. Factors used by the Company to determine whether all amounts due on commercial mortgage loans will be collected, include but are not limited to, the financial condition of the borrower, performance of the underlying properties, collateral and/or guarantees on the loan, and the borrower’s estimated future ability to pay based on property type and geographic location. Factors used by the Company to determine whether all amounts due on syndicated loans will be collected, include but are not limited to the borrower’s financial condition, industry outlook, and internal risk ratings based on rating agency data and internal analyst expectations.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents include highly liquid investments with original or remaining maturities at the time of purchase of 90 days or less.
Reinsurance	Reinsurance The Company cedes insurance risk to other insurers under reinsurance agreements. Reinsurance premiums paid and benefits received are accounted for consistently with the basis used in accounting for the policies from which risk is reinsured and consistently with the terms of the reinsurance contracts. Reinsurance premiums paid for traditional life, long term care (“LTC”) and DI insurance and life contingent payout annuities, net of the change in any prepaid reinsurance asset, are reported as a reduction of Premiums. Reinsurance recoveries are reported as components of Benefits, claims, losses and settlement expenses. UL and VUL reinsurance premiums are reported as a reduction of Policy and contract charges. In addition, for UL and VUL insurance policies, the net cost of reinsurance ceded, which represents the discounted amount of the expected cash flows between the reinsurer and the Company, is classified as an asset and amortized based on estimated gross profits (“EGPs”) over the period the reinsurance policies are in-force. Changes in the net cost of reinsurance are reflected as a component of Policy and contract charges. Insurance liabilities are reported before the effects of reinsurance. Policyholder account balances, future policy benefits and claims recoverable under reinsurance contracts are recorded within Reinsurance recoverables, net of the allowance for credit losses. The Company evaluates the financial condition of its reinsurers prior to entering into new reinsurance contracts and on a periodic basis during the contract term. The allowance for credit losses related to reinsurance recoverable is based on applying observable industry data including insurer ratings, default and loss severity data to the Company’s reinsurance recoverable balances. Management evaluates the results of the calculation and considers differences between the industry data and the Company’s data. Such differences include that the Company has no actual history of significant losses and that industry data may contain non-life insurers. This evaluation is inherently subjective as it requires estimates, which may be susceptible to significant change given the long-term nature of these receivables. In addition, the Company has a reinsurance protection agreement that provides credit protections for its reinsured LTC business. The allowance for credit losses on reinsurance recoverable is recorded through provisions charged to Benefits, claims, losses and settlement expenses. The Company also assumes life insurance and fixed annuity risk from other insurers in limited circumstances. Reinsurance premiums received and benefits paid are accounted for consistently with the basis used in accounting for the policies from which risk is reinsured and consistently with the terms of the reinsurance contracts. Liabilities for assumed business are recorded within Policyholder account balances, future policy benefits and claims. See Note 9 for additional information on reinsurance.
Land, Buildings, Equipment and Software	Land, Buildings, Equipment and Software Land, buildings, equipment and internally developed software are carried at cost less accumulated depreciation or amortization and are reflected within Other assets. The Company uses the straight-line method of depreciation and amortization over periods ranging from three As of December 31, 2023 and 2022, land, buildings, equipment and software were $117 million and $123 million, net of accumulated depreciation of $244 million and $229 million as of December 31, 2023 and 2022, respectively. Depreciation and amortization expense for the years ended December 31, 2023, 2022 and 2021 was $15 million, $13 million and $14 million, respectively.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Freestanding derivative instruments are recorded at fair value and are reflected in Other assets or Other liabilities. The Company’s policy is to not offset fair value amounts recognized for derivatives and collateral arrangements executed with the same counterparty under the same master netting arrangement. The accounting for changes in the fair value of a derivative instrument depends on its intended use and the resulting hedge designation, if any. The Company primarily uses derivatives as economic hedges that are not designated as accounting hedges or do not qualify for hedge accounting treatment. The Company occasionally designates derivatives as (i) hedges of changes in the fair value of assets, liabilities, or firm commitments (“fair value hedges”) or (ii) hedges of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedges”). Derivative instruments that are entered into for hedging purposes are designated as such at the time the Company enters into the contract. For all derivative instruments that are designated for hedging activities, the Company documents all of the hedging relationships between the hedge instruments and the hedged items at the inception of the relationships. Management also documents its risk management objectives and strategies for entering into the hedge transactions. The Company assesses, at inception and on a quarterly basis, whether derivatives designated as hedges are highly effective in offsetting the fair value or cash flows of hedged items. If it is determined that a derivative is no longer highly effective as a hedge, the Company will discontinue the application of hedge accounting. For derivative instruments that do not qualify for hedge accounting or are not designated as accounting hedges, changes in fair value are recognized in current period earnings. Changes in fair value of derivatives are presented in the Consolidated Statements of Income based on the nature and use of the instrument. Changes in fair value of derivatives used as economic hedges are presented in the Consolidated Statements of Income with the corresponding change in the hedged asset or liability. For derivative instruments that qualify as fair value hedges, changes in the fair value of the derivatives, as well as changes in the fair value of the hedged assets, liabilities or firm commitments, are recognized on a net basis in current period earnings. The carrying value of the hedged item is adjusted for the change in fair value from the designated hedged risk. If a fair value hedge designation is removed or the hedge is terminated prior to maturity, previous adjustments to the carrying value of the hedged item are recognized into earnings over the remaining life of the hedged item. For derivative instruments that qualify as cash flow hedges, the effective portion of the gain or loss on the derivative instruments is reported in AOCI and reclassified into earnings when the hedged item or transaction impacts earnings. The amount that is reclassified into earnings is presented in the Consolidated Statements of Income with the hedged instrument or transaction impact. Any ineffective portion of the gain or loss is reported in current period earnings as a component of Net investment income. If a hedge designation is removed or a hedge is terminated prior to maturity, the amount previously recorded in AOCI is reclassified to earnings over the period that the hedged item impacts earnings. For hedge relationships that are discontinued because the forecasted transaction is not expected to occur according to the original strategy, any related amounts previously recorded in AOCI are recognized in earnings immediately. The equity component of indexed annuity, structured variable annuity and IUL obligations are considered embedded derivatives. Additionally, certain annuities contain GMAB and GMWB provisions. These GMAB and GMWB provisions are accounted for as market risk benefits under ASU 2018-12. See Note 14 for information regarding the Company’s fair value measurement of derivative instruments and Note 18 for the impact of derivatives on the Consolidated Statements of Income.
Market Risk Benefits	Market Risk Benefits Market risk benefits are contracts or contract features that both provide protection to the contractholder from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. Market risk benefits include certain contract features on variable annuity products that provide minimum guarantees to contractholders. Guarantees accounted for as market risk benefits include GMDB, guaranteed minimum income benefit (“GMIB”), GMWB and GMAB. If a contract contains multiple market risk benefits, those market risk benefits are bundled together as a single compound market risk benefit. Market risk benefits are measured at fair value, at the individual contract level, using a non-option-based valuation approach or an option-based valuation approach dependent upon the fee structure of the contract. Changes in fair value are recognized in net income each period with the exception of the portion of the change in fair value due to a change in the instrument-specific credit risk, which is recognized in OCI.
Deferred Acquisition Costs	Deferred Acquisition Costs The Company incurs costs in connection with acquiring new and renewal insurance and annuity businesses. The portion of these costs which are incremental and direct to the acquisition of a new or renewal insurance policy or annuity contract are deferred. Significant costs capitalized include sales based compensation related to the acquisition of new and renewal insurance policies and annuity contracts, medical inspection costs for successful sales, and a portion of employee compensation and benefit costs based upon the amount of time spent on successful sales. Sales based compensation paid to Ameriprise Financial’s advisors and employees and third-party distributors is capitalized. Employee compensation and benefits costs which are capitalized relate primarily to sales efforts, underwriting and processing. All other costs which are not incremental direct costs of acquiring an insurance policy or annuity contract are expensed as incurred. The DAC associated with insurance policies or annuity contracts that are significantly modified or internally replaced with another contract are accounted for as write-offs. These transactions are anticipated in establishing amortization periods and other valuation assumptions. The Company monitors other DAC amortization assumptions, such as persistency, mortality, morbidity, and variable annuity benefit utilization each quarter and, when assessed independently, each could impact the Company’s DAC balances. Unamortized DAC is reduced for actual experience in excess of expected experience. The analysis of DAC balances and the corresponding amortization considers all relevant factors and assumptions described previously. Unless the Company’s management identifies a significant deviation over the course of the quarterly monitoring, management reviews and updates these DAC amortization assumptions annually in the third quarter of each year. DAC is amortized on a constant-level basis for the grouped contracts over the expected contract term to approximate straight-line amortization. Contracts are grouped by contract type and issue year into cohorts consistent with the grouping used in estimating the associated liability for future policy benefits. DAC related to all long-duration product types (except for life contingent payout annuities) is grouped on a calendar-year annual basis for each legal entity. Further disaggregation is reported for any contracts that include an additional liability for death or other insurance benefit. DAC related to life contingent payout annuities is grouped on a calendar-year annual basis for each legal entity for policies issued prior to 2021 and on a quarterly basis for each legal entity thereafter. DAC related to annuity products (including variable deferred annuities, structured variable annuities, fixed deferred annuities, and life contingent payout annuities) is amortized based on initial premium. DAC related to life insurance products (including UL insurance, VUL insurance, IUL insurance, term life insurance, and whole life insurance) is amortized based on original specified amount (i.e., face amount). DAC related to DI insurance is amortized based on original monthly benefit. The accounting contract term for annuity products (except for life contingent payout annuities) is the projected accumulation period. Life contingent payout annuities are amortized over the period which annuity payments are expected to be paid. The accounting contract term for life insurance products is the projected life of the contract. DI insurance is amortized over the projected life of the contract, including the claim paying period.
Deferred Sales Inducement Costs	Deferred Sales Inducement Costs Deferred sales inducements are contract features that are intended to attract new customers or to persuade existing customers to keep their current policy. Sales inducement costs consist of bonus interest credits and premium credits added to certain annuity contract and insurance policy values. These benefits are capitalized to the extent they are incremental to amounts that would be credited on similar contracts without the applicable feature. The amounts capitalized are amortized on a constant level basis using the same methodology and assumptions used to amortize DAC on a constant level basis. DSIC is recorded in Other assets and amortization of DSIC is recorded in Benefits, claims, losses and settlement expenses.
Separate Account Assets and Liabilities	Separate Account Assets and Liabilities Separate account assets represent funds held for the benefit of and Separate account liabilities represent the obligation to the variable annuity contractholders and variable life insurance policyholders who have a contractual right to receive the benefits of their contract or policy and bear the related investment risk. Gains and losses on separate account assets accrue directly to the contractholder or policyholder and are not reported in the Company’s Consolidated Statements of Income. Separate account assets are recorded at fair value and Separate account liabilities are equal to the assets recognized.
Policyholder Account Balances, Future Policy Benefits and Claims	Policyholder Account Balances, Future Policy Benefits and Claims The Company establishes reserves to cover the benefits associated with non-traditional and traditional long-duration products. Non-traditional long-duration products include variable and structured variable annuity contracts, fixed annuity contracts and UL and VUL policies. Traditional long-duration products include term life, whole life, DI and LTC insurance. Non-Traditional Long-Duration Products The liabilities for non-traditional long-duration products include fixed account values on variable and fixed annuities and UL and VUL policies, non-life contingent payout annuities, liabilities for guaranteed benefits associated with variable annuities (including structured variable annuities), and embedded derivatives for structured variable annuities, indexed annuities, and IUL products. Liabilities for fixed account values on variable annuities, structured variable annuities, fixed deferred annuities, and UL and VUL policies are equal to accumulation values, which are the cumulative gross deposits and credited interest less withdrawals and various charges. The liability for non-life contingent payout annuities is recognized as the present value of future payments using the effective yield at inception of the contract. A portion of the Company’s UL and VUL policies have product features that result in profits followed by losses from the insurance component of the contract. These profits followed by losses can be generated by the cost structure of the product or secondary guarantees in the contract. The secondary guarantee ensures that, subject to specified conditions, the policy will not terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly deductions and charges. The liability for these future losses is determined at the reporting date by estimating the death benefits in excess of account value and recognizing the excess over the estimated life based on expected assessments (e.g. cost of insurance charges, contractual administrative charges, similar fees and investment margin). See Note 10 for information regarding the liability for contracts with secondary guarantees. Liabilities for fixed deferred indexed annuity, structured variable annuity and IUL products are equal to the accumulation of host contract values, guaranteed benefits, and the fair value of embedded derivatives. See Note 12 for information regarding variable annuity guarantees. Embedded Derivatives The fair value of embedded derivatives related to structured variable annuities, indexed annuities and IUL fluctuate based on equity markets and interest rates and the estimate of the Company’s nonperformance risk and is recorded in Policyholder account balances, future policy benefits and claims. See Note 14 for information regarding the fair value measurement of embedded derivatives. Traditional Long-Duration Products The liabilities for traditional long-duration products include cash flows related to unpaid amounts on reported claims, estimates of benefits payable on claims incurred but not yet reported and estimates of benefits that will become payable on term life, whole life, DI, LTC, and life contingent payout annuity policies as claims are incurred in the future. The claim liability (also referred to as disabled life reserve) is presented together as one liability for future policy benefits. A liability for future policy benefits, which is the present value of estimated future policy benefits to be paid to or on behalf of policyholders and certain related expenses less the present value of estimated future net premiums to be collected from policyholders, is accrued as premium revenue is recognized. Expected insurance benefits are accrued over the life of the contract in proportion to premium revenue recognized (referred to as the net premium approach). The net premium ratio reflects cash flows from contract inception to contract termination (i.e., through the claim paying period) and cannot exceed 100%. Assumptions utilized in the net premium approach, including mortality, morbidity, and terminations, are reviewed as part of experience studies at least annually or more frequently if suggested by evidence. Expense assumptions and actual expenses are updated within the net premium calculation consistent with other policyholder assumptions. The updated cash flows used in the calculation are discounted using a forward rate curve. The discount rate represents an upper-medium-grade (i.e., low credit risk) fixed-income instrument yield (i.e., an A rating) that reflects the duration characteristics of the liability. Discount rates are locked in annually, at the end of each year for all products, except life contingent payout annuities, and calculated as the monthly average discount rate curves for the year. For life contingent payout annuities, the discount rates are locked in quarterly at the end of each quarter based on the average of the three months for the quarter.  The liability for future policy benefits will be updated for actual experience at least on an annual basis and concurrent with changes to cash flow assumptions. When net premiums are updated for cash flow changes, the estimated cash flows over the entire life of a group of contracts are updated using historical experience and updated future cash flow assumptions. The revised net premiums are used to calculate an updated liability for future policy benefits as of the beginning of the reporting period, discounted at the original locked in rate (i.e., contract issuance rate). The updated liability for future policy benefits as of the beginning of the reporting period is then compared with the carrying amount of the liability as of that date prior to updating cash flow assumptions to determine the current period remeasurement gain or loss reflected in current period earnings. The revised net premiums are then applied as of the beginning of the quarter to calculate the benefit expense for the current reporting period. The difference between the updated carrying amount of the liability for future policy benefits measured using the current discount rate assumption and the original discount rate assumption is recognized in OCI. The interest accretion rate remains the original discount rate used at contract issue date. If the updating of cash flow assumptions results in the present value of future benefits and expenses exceeding the present value of future gross premiums, a charge to net income is recorded for the current reporting period such that net premiums are set equal to gross premiums. In subsequent periods, the liability for future policy benefits is accrued with net premiums set equal to gross premiums. Contracts (except for life contingent payout annuities sold subsequent to December 31, 2020) are grouped into cohorts by contract type and issue year, as well as by legal entity and reportable segment. Life contingent payout annuities sold in periods beginning in 2021 are grouped into quarterly cohorts. See Note 10 for information regarding the liabilities for traditional long-duration products. Deferred Profit Liability For limited-payment products, gross premiums received in excess of net premiums are deferred at initial recognition as a deferred profit liability (“DPL”). Gross premiums are measured using assumptions consistent with those used in the measurement of the liability for future policy benefits, including discount rate, mortality, lapses and expenses. The DPL is amortized and recognized as premium revenue in proportion to expected future benefit payments from annuity contracts. Interest is accreted on the balance of the DPL using the discount rate determined at contract issuance. The Company reviews and updates its estimate of cash flows from the DPL at the same time as the estimates of cash flows for the liability for future policy benefits. When cash flows are updated, the updated estimates are used to recalculate the DPL at contract issuance. The recalculated DPL as of the beginning of the current reporting period is compared to the carrying amount of the DPL as of the beginning of the current reporting period, and any difference is recognized as either a charge or credit to premium revenue. DPL is recorded in Policyholder account balances, future policy benefits and claims and included as a reconciling item within Note 10.
Unearned Revenue Liability	Unearned Revenue Liability The Company’s UL and VUL policies require payment of fees or other policyholder assessments in advance for services to be provided in future periods. These charges are deferred as unearned revenue and amortized consistent with DAC amortization factors. The unearned revenue liability is recorded in Other liabilities and the amortization is recorded in Policy and contract charges.
Income Taxes	Income Taxes The Company qualifies as a life insurance company for federal income tax purposes. As such, the Company is subject to the Internal Revenue Code provisions applicable to life insurance companies. The Company’s taxable income is included in the consolidated federal income tax return of Ameriprise Financial. The Company provides for income taxes on a separate return basis, except that, under an agreement between Ameriprise Financial and the Company, tax benefits are recognized for losses to the extent they can be used in the consolidated return. It is the policy of Ameriprise Financial that it will reimburse its subsidiaries for any tax benefits recorded. The controlled group for which the Company is a member is an applicable corporation with regard to the corporate alternative minimum tax (“CAMT”) and is therefore required to compute the CAMT. In accordance with the tax sharing agreement, Ameriprise Financial will be liable for any CAMT liability and expense. The Company’s provision for income taxes represents the net amount of income taxes that the Company expects to pay or to receive from various taxing jurisdictions in connection with its operations. The Company provides for income taxes based on amounts that the Company believes it will ultimately owe taking into account the recognition and measurement for uncertain tax positions. Inherent in the provision for income taxes are estimates and judgments regarding the tax treatment of certain items. In connection with the provision for income taxes, the Consolidated Financial Statements reflect certain amounts related to deferred tax assets and liabilities, which result from temporary differences between the assets and liabilities measured for financial statement purposes versus the assets and liabilities measured for tax return purposes. The Company is required to establish a valuation allowance for any portion of its deferred tax assets that management believes will not be realized. Significant judgment is required in determining if a valuation allowance should be established and the amount of such allowance if required. Factors used in making this determination include estimates relating to the performance of the business. Consideration is given to, among other things in making this determination: (i) future taxable income exclusive of reversing temporary differences and carryforwards; (ii) future reversals of existing taxable temporary differences; (iii) taxable income in prior carryback years; and (iv) tax planning strategies. Management may need to identify and implement appropriate planning strategies to ensure its ability to realize deferred tax assets and reduce the likelihood of the establishment of a valuation allowance with respect to such assets. See Note 20 for additional information on the Company’s valuation allowance.
Revenue Recognition	Revenue Recognition Premiums on traditional life, DI and LTC insurance products and life contingent payout annuities are net of reinsurance ceded and are recognized as revenue when due. Interest income is accrued as earned using the effective interest method, which makes an adjustment of the yield for security premiums and discounts on all performing fixed maturity securities classified as Available-for-Sale so that the related security or loan recognizes a constant rate of return on the outstanding balance throughout its term. When actual prepayments differ significantly from originally anticipated prepayments, the retrospective effective yield is recalculated to reflect actual payments to date and updated future payment assumptions and a catch-up adjustment is recorded in the current period. In addition, the new effective yield, which reflects anticipated future payments, is used prospectively. Mortality and expense risk fees are based on a percentage of the fair value of assets held in the Company’s separate accounts and recognized when assessed. Variable annuity guaranteed benefit rider charges, cost of insurance charges on UL and VUL insurance and contract charges (net of reinsurance premiums and cost of reinsurance for UL insurance products) and surrender charges on annuities and UL and VUL insurance are recognized as revenue when assessed. Realized gains and losses on the sale of securities, other than equity method investments, are recognized using the specific identification method, on a trade date basis. Fees received under marketing support and distribution services arrangements are recognized as revenue when earned. See Note 4 for further discussion of accounting policies on revenue from contracts with customers.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adoption of New Accounting Standards Financial Instruments – Credit Losses – Troubled Debt Restructurings and Vintage Disclosures In March 2022, the Financial Accounting Standards Board (“FASB”) proposed amendments to ASU 2016-13, Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments (“Topic 326”). The update removes the recognition and measurement guidance for Troubled Debt Restructurings (“TDRs”) by creditors in Subtopic 310-40, Receivables—Troubled Debt Restructurings by Creditors, and modifies the disclosure requirements for certain loan refinancing and restructuring by creditors when a borrower is experiencing financial difficulty. Rather than applying the recognition and measurement for TDRs, an entity must apply the loan refinancing and restructuring guidance to determine whether a modification results in a new loan or a continuation of an existing loan. The update also requires entities to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost. The amendments are to be applied prospectively, but entities may apply a modified retrospective transition for changes to the recognition and measurement of TDRs. For entities that have adopted Topic 326, the amendments are effective for interim and annual periods beginning after December 15, 2022. The Company adopted the standard on January 1, 2023. The adoption of this update did not have an impact on the Company’s consolidated financial condition and results of operations and modifications to disclosures are immaterial in the current period. Financial Services – Insurance – Targeted Improvements to the Accounting for Long-Duration Contracts In August 2018, the FASB updated the accounting standard related to long-duration insurance contracts (ASU 2018-12). The guidance changes elements of the measurement models and disclosure requirements for an insurer’s long-duration insurance contract benefits and acquisition costs by expanding the use of fair value accounting to certain contract benefits, requiring updates, if any, and at least annually, to assumptions used to measure liabilities for future policy benefits, changing the amortization pattern of deferred acquisition costs to a constant-level basis and removing certain shadow adjustments previously recorded in AOCI. Adoption of the accounting standard did not impact overall cash flows, insurance subsidiaries’ dividend capacity, or regulatory capital requirements. When the Company adopted the standard effective January 1, 2023 with a transition date of January 1, 2021 (the “transition date”), opening equity was adjusted for the adoption impacts to retained earnings and AOCI and prior periods presented (i.e. 2021 and 2022) were restated. The adoption impact as of January 1, 2021 was a reduction in total equity of $1.9 billion, of which $0.9 billion and $1.0 billion were reflected in retained earnings and AOCI, respectively. The following table presents the effects of the adoption of the above new accounting standard to the Company’s previously reported Consolidated Balance Sheets: As Filed December 31, 2022 Adjustment Post-adoption December 31, 2022 As Filed December 31, 2021 Adjustment Post-adoption December 31, 2021 (in millions) Assets Market risk benefits $ — $ 1,015 $ 1,015 $ — $ 539 $ 539 Reinsurance recoverables (allowance for credit losses: 2022, $23; 2021, $11) 4,412 (184) 4,228 4,529 927 5,456 Deferred acquisition costs 3,141 (382) 2,759 2,757 64 2,821 Other assets 4,791 (65) 4,726 7,015 296 7,311 Total assets $ 115,019 $ 384 $ 115,403 $ 139,427 $ 1,826 $ 141,253 Liabilities and Shareholder’s Equity Liabilities: Policyholder account balances, future policy benefits and claims $ 36,057 $ (1,935) $ 34,122 $ 35,744 $ (727) $ 35,017 Market risk benefits — 2,118 2,118 — 3,440 3,440 Other liabilities 4,120 11 4,131 6,303 216 6,519 Total liabilities 114,236 194 114,430 137,286 2,929 140,215 Shareholder’s equity: Accumulated deficit (799) 387 (412) (912) (202) (1,114) Accumulated other comprehensive income (loss), net of tax (887) (197) (1,084) 584 (901) (317) Total shareholder’s equity 783 190 973 2,141 (1,103) 1,038 Total liabilities and shareholder’s equity $ 115,019 $ 384 $ 115,403 $ 139,427 $ 1,826 $ 141,253 The following table presents the effects of the adoption of the above new accounting standard to the Company’s previously reported Consolidated Statements of Income: Years Ended December 31, As Filed 2022 Adjustment Post-adoption 2022 As Filed 2021 Adjustment Post-adoption 2021 (in millions) Revenues Policy and contract charges $ 2,091 $ (13) $ 2,078 $ 2,304 $ (54) $ 2,250 Total revenues 3,768 (13) 3,755 3,471 (54) 3,417 Benefits and expenses Benefits, claims, losses and settlement expenses 1,366 (1,130) 236 715 (872) (157) Remeasurement (gains) losses of future policy benefit reserves — 1 1 — (52) (52) Change in fair value of market risk benefits — 311 311 — (113) (113) Amortization of deferred acquisition costs 196 45 241 112 133 245 Other insurance and operating expenses 670 12 682 738 13 751 Total benefits and expenses 3,005 (761) 2,244 2,270 (891) 1,379 Pretax income (loss) 763 748 1,511 1,201 837 2,038 Income tax provision (benefit) 50 159 209 137 179 316 Net income (loss) $ 713 $ 589 $ 1,302 $ 1,064 $ 658 $ 1,722 The adoption of the standard did not affect the previously reported totals for net cash flows provided by (used in) operating, investing, or financing activities. Leases – Common Control Arrangements In March 2023, the FASB proposed amendments to ASU 2016-02, Leases (“Topic 842”). The update applicable to all entities requires leasehold improvements associated with common control leases to be amortized over the useful life of the leasehold improvements to the common control group as long as the lessee controls the use of the underlying asset through a lease and to be accounted for as a transfer between entities under common control through an adjustment to equity if, and when, the lessee no longer controls the use of the underlying asset. The amendments are effective for interim and annual periods beginning after December 15, 2023. Early adoption is permitted for both interim and annual financial statements that have not yet been made available for issuance. The Company early adopted the update during the second quarter of 2023 and will apply the amendments prospectively as of the beginning of 2023 to all new and existing leasehold improvements recognized on or after that date with any remaining unamortized balance of existing leasehold improvements amortized over their remaining useful life to the common control group determined at that date. The adoption of this update did not have a material impact on the Company’s consolidated financial condition and results of operations. Future Adoption of New Accounting Standards Segment Reporting – Improvements to Reportable Segment Disclosures In November 2023, the FASB issued ASU 2023-07, Improvements to Reportable Segment Disclosures , updating reportable segment disclosure requirements in accordance with Topic 280, Segment Reporting (“Topic 280”), primarily through enhanced disclosures about significant segment expenses. In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss and contain other disclosure requirements. The amendments also expand Topic 280 disclosures to public entities with one reportable segment. The amendments are effective for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024. Early adoption is permitted. The Company is assessing changes to the segment related disclosures resulting from the standard. The adoption of the standard will not have an impact on the Company’s consolidated financial condition and results of operations as the standard is disclosure-related only. Income Taxes – Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures , updating the accounting standards related to income tax disclosures, primarily focused on the disaggregation of income taxes paid and the rate reconciliation table. The standard is to be applied prospectively with an option for retrospective application and is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is assessing changes to the income tax related disclosures resulting from the standard. The adoption of the standard will not have an impact on the Company’s consolidated financial condition and results of operations as the standard is disclosure-related only.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
Adoption of new accounting standard	The following table presents the effects of the adoption of the above new accounting standard to the Company’s previously reported Consolidated Balance Sheets: As Filed December 31, 2022 Adjustment Post-adoption December 31, 2022 As Filed December 31, 2021 Adjustment Post-adoption December 31, 2021 (in millions) Assets Market risk benefits $ — $ 1,015 $ 1,015 $ — $ 539 $ 539 Reinsurance recoverables (allowance for credit losses: 2022, $23; 2021, $11) 4,412 (184) 4,228 4,529 927 5,456 Deferred acquisition costs 3,141 (382) 2,759 2,757 64 2,821 Other assets 4,791 (65) 4,726 7,015 296 7,311 Total assets $ 115,019 $ 384 $ 115,403 $ 139,427 $ 1,826 $ 141,253 Liabilities and Shareholder’s Equity Liabilities: Policyholder account balances, future policy benefits and claims $ 36,057 $ (1,935) $ 34,122 $ 35,744 $ (727) $ 35,017 Market risk benefits — 2,118 2,118 — 3,440 3,440 Other liabilities 4,120 11 4,131 6,303 216 6,519 Total liabilities 114,236 194 114,430 137,286 2,929 140,215 Shareholder’s equity: Accumulated deficit (799) 387 (412) (912) (202) (1,114) Accumulated other comprehensive income (loss), net of tax (887) (197) (1,084) 584 (901) (317) Total shareholder’s equity 783 190 973 2,141 (1,103) 1,038 Total liabilities and shareholder’s equity $ 115,019 $ 384 $ 115,403 $ 139,427 $ 1,826 $ 141,253 The following table presents the effects of the adoption of the above new accounting standard to the Company’s previously reported Consolidated Statements of Income: Years Ended December 31, As Filed 2022 Adjustment Post-adoption 2022 As Filed 2021 Adjustment Post-adoption 2021 (in millions) Revenues Policy and contract charges $ 2,091 $ (13) $ 2,078 $ 2,304 $ (54) $ 2,250 Total revenues 3,768 (13) 3,755 3,471 (54) 3,417 Benefits and expenses Benefits, claims, losses and settlement expenses 1,366 (1,130) 236 715 (872) (157) Remeasurement (gains) losses of future policy benefit reserves — 1 1 — (52) (52) Change in fair value of market risk benefits — 311 311 — (113) (113) Amortization of deferred acquisition costs 196 45 241 112 133 245 Other insurance and operating expenses 670 12 682 738 13 751 Total benefits and expenses 3,005 (761) 2,244 2,270 (891) 1,379 Pretax income (loss) 763 748 1,511 1,201 837 2,038 Income tax provision (benefit) 50 159 209 137 179 316 Net income (loss) $ 713 $ 589 $ 1,302 $ 1,064 $ 658 $ 1,722

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of disaggregated revenue from contracts with cutomers	The following table presents disaggregated revenue from contracts with customers and a reconciliation to total revenues reported on the Consolidated Statements of Income: Years Ended December 31, 2023 2022 2021 (in millions) Policy and contract charges Affiliated (from Columbia Management Investment Distributors, Inc.) $ 152 $ 164 $ 193 Unaffiliated 14 14 17 Total 166 178 210 Other revenues Administrative fees Affiliated (from Columbia Management Investment Services, Corp.) 39 42 49 Unaffiliated 17 18 20 56 60 69 Other fees Affiliated (from Columbia Management Investment Advisers, LLC (“CMIA”) and Columbia Wanger Asset Management, LLC) 307 334 389 Unaffiliated 4 4 5 311 338 394 Total 367 398 463 Total revenue from contracts with customers 533 576 673 Revenue from other sources (1) 3,759 3,179 2,744 Total revenues $ 4,292 $ 3,755 $ 3,417 (1)

Variable Interest Entities (Tab

Variable Interest Entities (Tables) - Consolidated investment entities	12 Months Ended
	Dec. 31, 2023
Assets and liabilities measured at fair value
Schedule of balances of assets and liabilities measured at fair value on a recurring basis	The following tables present the balances of assets and liabilities held by consolidated investment entities measured at fair value on a recurring basis: December 31, 2023 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Corporate debt securities $ — $ 40 $ — $ 40 Common stocks — 5 — 5 Syndicated loans — 1,991 63 2,054 Total investments — 2,036 63 2,099 Receivables — 28 — 28 Other assets — 1 — 1 Total assets at fair value $ — $ 2,065 $ 63 $ 2,128 Liabilities Debt (1) $ — $ 2,155 $ — $ 2,155 Other liabilities — 45 — 45 Total liabilities at fair value $ — $ 2,200 $ — $ 2,200 December 31, 2022 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Corporate debt securities $ — $ 35 $ — $ 35 Common stocks — 3 — 3 Syndicated loans — 2,191 125 2,316 Total investments — 2,229 125 2,354 Receivables — 20 — 20 Other assets — 1 1 2 Total assets at fair value $ — $ 2,250 $ 126 $ 2,376 Liabilities Debt (1) $ — $ 2,363 $ — $ 2,363 Other liabilities — 119 — 119 Total liabilities at fair value $ — $ 2,482 $ — $ 2,482 (1) The carrying value of the CLOs’ debt is set equal to the fair value of the CLOs’ assets. The estimated fair value of the CLOs’ debt was $2.1 billion and $2.4 billion as of December 31, 2023 and 2022, respectively.
Summary of changes in Level 3 assets measured at fair value on a recurring basis	The following tables provide a summary of changes in Level 3 assets held by consolidated investment entities measured at fair value on a recurring basis: Syndicated Loans Other Assets (in millions) Balance at January 1, 2023 $ 125 $ 1 Total gains (losses) included in: Net income (4) (1) — Purchases 45 — Sales (10) — Settlements (16) — Transfers into Level 3 122 — Transfers out of Level 3 (199) (1) Balance at December 31, 2023 $ 63 $ — Changes in unrealized gains (losses) included in net income relating to assets held at December 31, 2023 $ (1) (1) $ — Common Stocks Syndicated Loans Other Assets (in millions) Balance at January 1, 2022 $ — $ 64 $ 3 Total gains (losses) included in: Net income — (11) (1) — Purchases — 69 — Sales — (4) — Settlements — (8) — Transfers into Level 3 2 218 1 Transfers out of Level 3 (2) (203) (3) Balance at December 31, 2022 $ — $ 125 $ 1 Changes in unrealized gains (losses) included in net income relating to assets held at December 31, 2022 $ — $ (10) (1) $ — Syndicated Loans Other Assets (in millions) Balance at January 1, 2021 $ 92 $ 2 Total gains (losses) included in: Net income 2 (1) 1 (1) Purchases 106 — Sales (38) — Settlements (49) — Transfers into Level 3 119 2 Transfers out of Level 3 (150) (2) Deconsolidation of consolidated investment entities (18) — Balance at December 31, 2021 $ 64 $ 3 Changes in unrealized gains (losses) included in net income relating to assets held at December 31, 2021 $ — $ 1 (1) (1) Included in Net investment income.
Schedule of fair value and unpaid principal balance of loans and debt for which fair value option has been elected	The following table presents the fair value and unpaid principal balance of loans and debt for which the fair value option has been elected: December 31, 2023 2022 (in millions) Syndicated loans Unpaid principal balance $ 2,190 $ 2,525 Excess unpaid principal over fair value (136) (209) Fair value $ 2,054 $ 2,316 Fair value of loans more than 90 days past due $ — $ — Fair value of loans in nonaccrual status 13 23 Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both 40 48 Debt Unpaid principal balance $ 2,362 $ 2,636 Excess unpaid principal over fair value (207) (273) Carrying value (1) $ 2,155 $ 2,363 (1) The carrying value of the CLOs’ debt is set equal to the fair value of the CLOs’ assets. The estimated fair value of the CLOs’ debt was $2.1 billion and $2.4 billion as of December 31, 2023 and 2022, respectively.
Schedule of debt and stated interest rates	Debt of the consolidated investment entities and the stated interest rates were as follows: Carrying Value Weighted Average December 31, December 31, 2023 2022 2023 2022 (in millions) Debt of consolidated CLOs due 2028-2034 $ 2,155 $ 2,363 6.6 % 5.3 %

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-Sale securities by type	Available-for-Sale securities distributed by type were as follows: December 31, 2023 Description of Securities Amortized Cost Gross Gross Allowance for Credit Losses Fair (in millions) Fixed maturities: Corporate debt securities $ 10,828 $ 405 $ (497) $ (1) $ 10,735 Residential mortgage backed securities 3,886 20 (264) — 3,642 Commercial mortgage backed securities 2,784 6 (193) — 2,597 State and municipal obligations 717 61 (19) (1) 758 Asset backed securities 1,545 7 (21) — 1,531 Foreign government bonds and obligations 12 — — — 12 U.S. government and agency obligations 99 — — — 99 Total $ 19,871 $ 499 $ (994) $ (2) $ 19,374 December 31, 2022 Description of Securities Amortized Cost Gross Gross Allowance for Credit Losses Fair (in millions) Fixed maturities: Corporate debt securities $ 9,349 $ 180 $ (803) $ (20) $ 8,706 Residential mortgage backed securities 3,254 8 (303) — 2,959 Commercial mortgage backed securities 2,904 2 (255) — 2,651 State and municipal obligations 761 53 (26) (2) 786 Asset backed securities 1,025 10 (38) — 997 Foreign government bonds and obligations 37 — (2) — 35 U.S. government and agency obligations 1 — — — 1 Total $ 17,331 $ 253 $ (1,427) $ (22) $ 16,135
Summary of fixed maturity securities by rating	A summary of fixed maturity securities by rating was as follows: December 31, 2023 December 31, 2022 Ratings Amortized Cost Fair Percent of Amortized Fair Percent of (in millions, except percentages) AAA $ 4,558 $ 4,337 22 % $ 6,313 $ 5,754 36 % AA 3,961 3,799 20 1,159 1,188 7 A 2,213 2,279 12 1,572 1,594 10 BBB 8,813 8,633 44 7,646 7,023 43 Below investment grade (1) 326 326 2 641 576 4 Total fixed maturities $ 19,871 $ 19,374 100 % $ 17,331 $ 16,135 100 % (1) The amortized cost of below investment grade securities includes interest in non-consolidated CLOs managed by the Company of $1 million as of both December 31, 2023 and 2022. The fair value of below investment grade securities includes interest in non-consolidated CLOs managed by the Company of $1 million as of both December 31, 2023 and 2022. These securities are not rated but are included in below investment grade due to their risk characteristics.
Summary of fair value and gross unrealized losses on Available-for-Sale securities in continuous unrealized loss position	The following tables summarize the fair value and gross unrealized losses on Available-for-Sale securities, aggregated by major investment type and the length of time that individual securities have been in a continuous unrealized loss position for which no allowance for credit losses has been recorded: Description of Securities December 31, 2023 Less than 12 months 12 months or more Total Number of Fair Unrealized Number of Fair Unrealized Number of Fair Unrealized (in millions, except number of securities) Corporate debt securities 43 $ 410 $ (8) 340 $ 4,735 $ (489) 383 $ 5,145 $ (497) Residential mortgage backed securities 30 389 (4) 204 2,114 (260) 234 2,503 (264) Commercial mortgage backed securities 20 264 (4) 196 2,062 (189) 216 2,326 (193) State and municipal obligations 5 29 (1) 47 137 (18) 52 166 (19) Asset backed securities 5 102 — 32 684 (21) 37 786 (21) Foreign government bonds and obligations — — — 2 6 — 2 6 — U.S. government and agency obligations 1 — — — — — 1 — — Total 104 $ 1,194 $ (17) 821 $ 9,738 $ (977) 925 $ 10,932 $ (994) Description of Securities December 31, 2022 Less than 12 months 12 months or more Total Number of Fair Unrealized Number of Fair Unrealized Number of Fair Unrealized (in millions, except number of securities) Corporate debt securities 405 $ 5,028 $ (443) 100 $ 1,532 $ (360) 505 $ 6,560 $ (803) Residential mortgage backed securities 189 1,643 (117) 52 826 (186) 241 2,469 (303) Commercial mortgage backed securities 176 1,746 (149) 58 666 (106) 234 2,412 (255) State and municipal obligations 40 126 (15) 26 59 (11) 66 185 (26) Asset backed securities 39 808 (28) 4 60 (10) 43 868 (38) Foreign government bonds and obligations 10 32 (1) 1 1 (1) 11 33 (2) Total 859 $ 9,383 $ (753) 241 $ 3,144 $ (674) 1,100 $ 12,527 $ (1,427)
Rollforward of allowance for credit losses on Available-for-Sale securities	The following table presents a rollforward of the allowance for credit losses on Available-for-Sale securities: Corporate Debt Securities State and Municipal Obligations Total (in millions) Balance at January 1, 2021 $ 10 $ — $ 10 Additions for which credit losses were not previously recorded — 1 1 Charge-offs (10) — (10) Balance at December 31, 2021 — 1 1 Additions for which credit losses were not previously recorded 20 — 20 Additional increases (decreases) on securities that had an allowance recorded in a previous period — 1 1 Balance at December 31, 2022 20 2 22 Additions for which credit losses were not previously recorded 1 — 1 Reductions for securities sold during the period (realized) (20) (1) (21) Balance at December 31, 2023 $ 1 $ 1 $ 2
Schedule of net realized gains and losses on Available-for-Sale securities	Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method, recognized in Net realized investment gains (losses) were as follows: Years Ended December 31, 2023 2022 2021 (in millions) Gross realized investment gains $ 11 $ 28 $ 576 Gross realized investment losses (57) (25) (6) Credit reversals (losses) 20 (21) (1) Other impairments (1) (70) (13) Total $ (27) $ (88) $ 556
Schedule of Available-for-Sale securities by contractual maturity	Available-for-Sale securities by contractual maturity as of December 31, 2023 were as follows: Amortized Cost Fair Value (in millions) Due within one year $ 552 $ 546 Due after one year through five years 1,845 1,812 Due after five years through 10 years 4,280 4,018 Due after 10 years 4,979 5,228 11,656 11,604 Residential mortgage backed securities 3,886 3,642 Commercial mortgage backed securities 2,784 2,597 Asset backed securities 1,545 1,531 Total $ 19,871 $ 19,374
Summary of net investment income	The following is a summary of Net investment income: Years Ended December 31, 2023 2022 2021 (in millions) Fixed maturities $ 830 $ 615 $ 643 Mortgage loans 69 73 102 Other investments 431 159 101 1,330 847 846 Less: investment expenses 26 20 19 Total $ 1,304 $ 827 $ 827
Summary of net realized investment gains (losses)	Net realized investment gains (losses) are summarized as follows: Years Ended December 31, 2023 2022 2021 (in millions) Fixed maturities $ (27) $ (88) $ 556 Mortgage loans 1 (1) 57 Other investments (44) (11) (18) Total $ (70) $ (100) $ 595

Financing Receivables (Tables)

Financing Receivables (Tables)	12 Months Ended
	Dec. 31, 2023
Financing Receivables
Rollforward of allowance for loan losses	The following table presents a rollforward of the allowance for credit losses: Commercial Loans (in millions) Balance at January 1, 2021 $ 35 Provisions (23) Balance at December 31, 2021 12 Provisions 1 Charge-offs (2) Balance at December 31, 2022 11 Provisions (1) Balance at December 31, 2023 $ 10
Schedule of concentrations of credit risk of loans by region and property type	Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows: Loans Percentage December 31, December 31, 2023 2022 2023 2022 (in millions) East North Central $ 180 $ 192 10 % 11 % East South Central 47 51 3 3 Middle Atlantic 97 100 6 6 Mountain 130 120 8 7 New England 21 17 1 1 Pacific 595 601 34 34 South Atlantic 452 467 26 26 West North Central 105 115 6 6 West South Central 108 116 6 6 Total $ 1,735 $ 1,779 100 % 100 % Concentrations of credit risk of commercial mortgage loans by property type were as follows: Loans Percentage December 31, December 31, 2023 2022 2023 2022 (in millions) Apartments $ 454 $ 465 26 % 26 % Hotel 13 14 1 1 Industrial 293 295 17 17 Mixed use 54 55 3 3 Office 230 243 13 14 Retail 546 576 32 32 Other 145 131 8 7 Total $ 1,735 $ 1,779 100 % 100 %
Commercial Loans | Commercial mortgage loans
Financing Receivables
Schedule of amortized cost basis of loans and credit quality information	The tables below present the amortized cost basis of commercial mortgage loans by year of origination and loan-to-value ratio: December 31, 2023 Loan-to-Value Ratio 2023 2022 2021 2020 2019 Prior Total (in millions) > 100% $ — $ — $ — $ — $ 2 $ 20 $ 22 80% - 100% — — — 2 11 49 62 60% - 80% 55 26 6 14 40 102 243 40% - 60% 7 46 129 49 65 343 639 < 40% 7 31 43 37 71 580 769 Total $ 69 $ 103 $ 178 $ 102 $ 189 $ 1,094 $ 1,735 December 31, 2022 Loan-to-Value Ratio 2022 2021 2020 2019 2018 Prior Total (in millions) > 100% $ — $ — $ 2 $ 2 $ — $ 39 $ 43 80% - 100% 1 9 2 20 7 30 69 60% - 80% 39 85 17 52 9 104 306 40% - 60% 49 84 64 80 55 426 758 < 40% 16 8 27 42 78 432 603 Total $ 105 $ 186 $ 112 $ 196 $ 149 $ 1,031 $ 1,779
Commercial Loans | Syndicated loans
Financing Receivables
Schedule of amortized cost basis of loans and credit quality information	The tables below present the amortized cost basis of syndicated loans by origination year and internal risk rating: December 31, 2023 Internal Risk Rating 2023 2022 2021 2020 2019 Prior Total (in millions) Risk 5 $ — $ — $ — $ — $ — $ — $ — Risk 4 — — — — — — — Risk 3 — — 7 — 1 1 9 Risk 2 6 1 9 2 6 — 24 Risk 1 6 2 9 1 5 1 24 Total $ 12 $ 3 $ 25 $ 3 $ 12 $ 2 $ 57 December 31, 2022 Internal Risk Rating 2022 2021 2020 2019 2018 Prior Total (in millions) Risk 5 $ — $ — $ — $ — $ — $ — $ — Risk 4 — — — — — — — Risk 3 — 5 — 3 — 2 10 Risk 2 5 13 2 5 — 11 36 Risk 1 3 5 1 3 5 9 26 Total $ 8 $ 23 $ 3 $ 11 $ 5 $ 22 $ 72

Deferred Acquisition Costs an_2

Deferred Acquisition Costs and Deferred Sales Inducement Costs (Tables)	12 Months Ended
	Dec. 31, 2023
Deferred Charges, Insurers [Abstract]
Schedule of balances of and changes in DAC	The following tables summarize the balances of and changes in DAC, including the January 1, 2021 adoption of ASU 2018-12. Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Universal Life Insurance Variable Universal Life Insurance (in millions) Pre-adoption balance at December 31, 2020 $ 1,671 $ 22 $ 43 $ 7 $ 100 $ 452 Effect of shadow reserve adjustments 42 4 18 1 31 53 Post-adoption balance at January 1, 2021 1,713 26 61 8 131 505 Capitalization of acquisition costs 110 71 — — 3 54 Amortization (145) (6) (8) (1) (9) (47) Balance at December 31, 2021 $ 1,678 $ 91 $ 53 $ 7 $ 125 $ 512 Indexed Universal Life Insurance Other Life Insurance Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Total, (in millions) Pre-adoption balance at December 31, 2020 $ 108 $ (3) $ — $ 19 $ 89 2,508 Effect of shadow reserve adjustments 149 6 — — — 304 Post-adoption balance at January 1, 2021 257 3 — 19 89 2,812 Capitalization of acquisition costs 9 — 1 2 4 254 Amortization (18) — — (2) (9) (245) Balance at December 31, 2021 $ 248 $ 3 $ 1 $ 19 $ 84 $ 2,821 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Universal Life Insurance Variable Universal Life Insurance (in millions) Balance at January 1, 2022 $ 1,678 $ 91 $ 53 $ 7 $ 125 $ 512 Capitalization of acquisition costs 39 73 — — 1 55 Amortization (135) (15) (8) (1) (8) (46) Balance at December 31, 2022 $ 1,582 $ 149 $ 45 $ 6 $ 118 $ 521 Indexed Universal Life Insurance Other Life Insurance Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Total, (in millions) Balance at January 1, 2022 $ 248 $ 3 $ 1 $ 19 $ 84 $ 2,821 Capitalization of acquisition costs 5 — 1 1 4 179 Amortization (17) — — (2) (9) (241) Balance at December 31, 2022 $ 236 $ 3 $ 2 $ 18 $ 79 $ 2,759 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Universal Life Insurance Variable Universal Life Insurance (in millions) Balance at January 1, 2023 $ 1,582 $ 149 $ 45 $ 6 $ 118 $ 521 Capitalization of acquisition costs 23 83 — — — 57 Amortization (124) (24) (10) (1) (8) (44) Balance at December 31, 2023 $ 1,481 $ 208 $ 35 $ 5 $ 110 $ 534 Indexed Universal Life Insurance Other Life Insurance Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Total, (in millions) Balance at January 1, 2023 $ 236 $ 3 $ 2 $ 18 $ 79 $ 2,759 Capitalization of acquisition costs 4 — 4 1 4 176 Amortization (17) (1) — (2) (8) (239) Balance at December 31, 2023 $ 223 $ 2 $ 6 $ 17 $ 75 $ 2,696
Schedule of balances of and changes in DSIC	The following tables summarize the balances of and changes in DSIC, including the January 1, 2021 adoption of ASU 2018-12. DSIC are recorded in Other assets. Variable Annuities Fixed Annuities Total, (in millions) Pre-adoption balance at December 31, 2020 $ 173 $ 14 $ 187 Effect of shadow reserve adjustments 8 8 16 Post-adoption balance at January 1, 2021 181 22 203 Capitalization of sales inducement costs 1 — 1 Amortization (18) (3) (21) Balance at December 31, 2021 $ 164 $ 19 $ 183 Variable Annuities Fixed Annuities Total, (in millions) Balance at January 1, 2022 $ 164 $ 19 $ 183 Capitalization of sales inducement costs 1 — 1 Amortization (16) (3) (19) Balance at December 31, 2022 $ 149 $ 16 $ 165 Variable Annuities Fixed Annuities Total, (in millions) Balance at January 1, 2023 $ 149 $ 16 $ 165 Amortization (15) (4) (19) Balance at December 31, 2023 $ 134 $ 12 $ 146

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2023
Reinsurance Disclosures [Abstract]
Schedule of effect of reinsurance on premiums	The effect of reinsurance on premiums for traditional long-duration products was as follows: Years Ended December 31, 2023 2022 2021 (in millions) Direct premiums $ 674 $ 530 $ 490 Reinsurance ceded (226) (224) (1,361) Net premiums $ 448 $ 306 $ (871)

Policyholder Account Balances_2

Policyholder Account Balances, Future Policy Benefits and Claims (Tables)	12 Months Ended
	Dec. 31, 2023
Policyholder Account Balance [Abstract]
Policyholder account balances, future policy benefits and claims	Policyholder account balances, future policy benefits and claims consisted of the following: December 31, 2023 December 31, 2022 (in millions) Policyholder account balances Policyholder account balances $ 27,947 $ 24,986 Future policy benefits Liability for future policy benefits 7,763 7,495 Deferred profit liability 81 62 Additional liabilities for insurance guarantees 1,321 1,186 Other insurance and annuity liabilities 213 177 Total future policy benefits 9,378 8,920 Policy claims and other policyholders’ funds 210 216 Total policyholder account balances, future policy benefits and claims $ 37,535 $ 34,122
Balances of and changes in policyholder account balances	The balances of and changes in policyholder account balances were as follows: Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2023 $ 4,752 $ 6,410 $ 6,799 $ 312 $ 471 Contract deposits 73 3,084 47 — 91 Policy charges (10) — — — — Surrenders and other benefits (759) (156) (1,086) (10) (127) Net transfer from (to) separate account liabilities (25) — — — — Variable account index-linked adjustments — 1,403 — — — Interest credited 142 1 222 5 9 Balance at December 31, 2023 $ 4,173 $ 10,742 $ 5,982 $ 307 $ 444 Weighted-average crediting rate 3.3 % 1.8 % 3.6 % 2.0 % N/A Cash surrender value (1) $ 4,146 $ 10,129 $ 5,974 $ 278 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,544 $ 1,520 $ 2,654 $ 524 $ 24,986 Contract deposits 123 272 193 1 3,884 Policy charges (176) (94) (121) — (401) Surrenders and other benefits (69) (78) (53) (44) (2,382) Net transfer from (to) separate account liabilities — (107) — — (132) Variable account index-linked adjustments — — — — 1,403 Interest credited 52 56 82 20 589 Balance at December 31, 2023 $ 1,474 $ 1,569 $ 2,755 $ 501 $ 27,947 Weighted-average crediting rate 3.6 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 8,740 $ 57,291 $ 14,407 $ 141 Cash surrender value (1) $ 1,330 $ 1,065 $ 2,271 $ 326 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2022 $ 4,972 $ 4,458 $ 7,251 $ 323 $ 527 Contract deposits 146 2,784 55 — 53 Policy charges (8) — — — — Surrenders and other benefits (450) (41) (744) (17) (124) Net transfer from (to) separate account liabilities (60) — — — — Variable account index-linked adjustments — (791) — — — Interest credited 152 — 237 6 15 Balance at December 31, 2022 $ 4,752 $ 6,410 $ 6,799 $ 312 $ 471 Weighted-average crediting rate 3.2 % 1.1 % 3.5 % 1.9 % N/A Cash surrender value (1) $ 4,720 $ 5,986 $ 6,786 $ 277 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2022 $ 1,602 $ 1,493 $ 2,534 $ 563 $ 23,723 Contract deposits 134 233 218 (3) 3,620 Policy charges (178) (91) (116) — (393) Surrenders and other benefits (67) (70) (50) (56) (1,619) Net transfer from (to) separate account liabilities — (102) — — (162) Variable account index-linked adjustments — — — — (791) Interest credited 53 57 68 20 608 Balance at December 31, 2022 $ 1,544 $ 1,520 $ 2,654 $ 524 $ 24,986 Weighted-average crediting rate 3.6 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 9,187 $ 57,354 $ 15,043 $ 149 Cash surrender value (1) $ 1,382 $ 1,054 $ 2,148 $ 348 (1) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. For VA and VUL, the cash surrender value shown is the proportion of the total cash surrender value related to their fixed account liabilities.
Account values by guaranteed minimum interest rates	The following tables present the account values of fixed deferred annuities, fixed insurance, and the fixed portion of variable annuities and variable insurance contracts by range of guaranteed minimum interest rates (“GMIRs”) and the range of the difference between rates credited to policyholders and contractholders as of December 31, 2023 and 2022 and the respective guaranteed minimums, as well as the percentage of account values subject to rate reset in the time period indicated. Rates are reset at management’s discretion, subject to guaranteed minimums. December 31, 2023 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 43 $ 131 $ 52 $ 15 $ 2 $ 243 2 % – 2.99% 137 1 — — — 138 3 % – 3.99% 2,214 — — 1 — 2,215 4 % – 5.00% 1,514 — — — — 1,514 Total $ 3,908 $ 132 $ 52 $ 16 $ 2 $ 4,110 Fixed accounts of structured variable annuities 1 % – 1.99% $ 1 $ 18 $ 7 $ 2 $ — $ 28 2 % – 2.99% 11 — — — — 11 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 12 $ 18 $ 7 $ 2 $ — $ 39 Fixed annuities 1 % – 1.99% $ 107 $ 377 $ 183 $ 93 $ — $ 760 2 % – 2.99% 36 14 1 — — 51 3 % – 3.99% 2,816 1 — — — 2,817 4 % – 5.00% 2,339 — — — — 2,339 Total $ 5,298 $ 392 $ 184 $ 93 $ — $ 5,967 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ — $ 2 $ 7 $ 13 $ — $ 22 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ — $ 2 $ 7 $ 13 $ — $ 22 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 51 3 9 — — 63 3 % – 3.99% 854 1 4 4 — 863 4 % – 5.00% 518 1 — — — 519 Total $ 1,423 $ 5 $ 13 $ 4 $ — $ 1,445 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable universal life insurance 1 % – 1.99% $ — $ 2 $ 4 $ — $ 24 $ 30 2 % – 2.99% 13 12 — 1 8 34 3 % – 3.99% 122 2 3 6 — 133 4 % – 5.00% 607 6 — — — 613 Total $ 742 $ 22 $ 7 $ 7 $ 32 $ 810 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 2 $ — $ — $ 2 2 % – 2.99% 128 — — — — 128 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 128 $ — $ 2 $ — $ — $ 130 Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 30 — — — — 30 4 % – 5.00% 295 — — — — 295 Total $ 325 $ — $ — $ — $ — $ 325 Total 1 % – 1.99% $ 151 $ 530 $ 255 $ 123 $ 26 $ 1,085 2 % – 2.99% 376 30 10 1 8 425 3 % – 3.99% 6,036 4 7 11 — 6,058 4 % – 5.00% 5,273 7 — — — 5,280 Total $ 11,836 $ 571 $ 272 $ 135 $ 34 $ 12,848 Percentage of total account values that reset in: Next 12 months 99.9 % 99.5 % 99.3 % 100.0 % 100.0 % 99.9 % > 12 months to 24 months 0.1 0.5 0.6 — — 0.1 > 24 months — — 0.1 — — — Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % December 31, 2022 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 169 $ 102 $ 18 $ — $ — $ 289 2 % – 2.99% 177 — — — — 177 3 % – 3.99% 2,611 — — 1 — 2,612 4 % – 5.00% 1,611 — — — — 1,611 Total $ 4,568 $ 102 $ 18 $ 1 $ — $ 4,689 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of structured variable annuities 1 % – 1.99% $ 12 $ 7 $ 3 $ 1 $ — $ 23 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 12 $ 7 $ 3 $ 1 $ — $ 23 Fixed annuities 1 % – 1.99% $ 460 $ 402 $ 132 $ 33 $ 10 $ 1,037 2 % – 2.99% 67 — — — — 67 3 % – 3.99% 3,344 — — — — 3,344 4 % – 5.00% 2,333 — — — — 2,333 Total $ 6,204 $ 402 $ 132 $ 33 $ 10 $ 6,781 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ 1 $ 3 $ 7 $ 14 $ — $ 25 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 1 $ 3 $ 7 $ 14 $ — $ 25 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 55 — 1 — — 56 3 % – 3.99% 885 1 2 — — 888 4 % – 5.00% 569 — — — — 569 Total $ 1,509 $ 1 $ 3 $ — $ — $ 1,513 Fixed accounts of variable universal life insurance 1 % – 1.99% $ 4 $ 3 $ 2 $ — $ 9 $ 18 2 % – 2.99% 30 — 1 2 2 35 3 % – 3.99% 134 1 1 1 — 137 4 % – 5.00% 648 — — — — 648 Total $ 816 $ 4 $ 4 $ 3 $ 11 $ 838 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 3 $ — $ — $ 3 2 % – 2.99% 126 — — — — 126 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 126 $ — $ 3 $ — $ — $ 129 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 32 — — — — 32 4 % – 5.00% 314 — — — — 314 Total $ 346 $ — $ — $ — $ — $ 346 Total 1 % – 1.99% $ 646 $ 517 $ 165 $ 48 $ 19 $ 1,395 2 % – 2.99% 455 — 2 2 2 461 3 % – 3.99% 7,006 2 3 2 — 7,013 4 % – 5.00% 5,475 — — — — 5,475 Total $ 13,582 $ 519 $ 170 $ 52 $ 21 $ 14,344 Percentage of total account values that reset in: Next 12 months 99.8 % 96.3 % 93.8 % 100.0 % 100.0 % 99.6 % > 12 months to 24 months 0.1 3.0 5.8 — — 0.3 > 24 months 0.1 0.7 0.4 — — 0.1 Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 %
Balances of and changes in liability for future policy benefits, and Revenue and interest recognized	The following tables summarize the balances of and changes in the liability for future policy benefits, including the January 1, 2021 adoption of ASU 2018-12: Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, All Products (in millions) Pre-adoption balance at December 31, 2020 $ 1,536 $ 633 $ 530 $ 5,749 $ 8,448 Effect of shadow reserve adjustments (175) — — (566) (741) Adjustments for loss contracts (with premiums in excess of gross premiums) under the modified retrospective approach 4 — — 35 39 Effect of change in deferred profit liability (43) — — — (43) Effect of remeasurement of the liability at the current single A discount rate 215 265 238 1,965 2,683 Post-adoption balance at January 1, 2021 1,537 898 768 7,183 10,386 Less: reinsurance recoverable — 601 24 3,623 4,248 Post-adoption balance at January 1, 2021, after $ 1,537 $ 297 $ 744 $ 3,560 $ 6,138 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2021 $ — $ 702 $ 238 $ 1,831 $ 2,771 Beginning balance at original discount rate — 536 183 1,498 2,217 Effect of changes in cash flow assumptions — — — (6) (6) Effect of actual variances from expected experience — 56 (35) (61) (40) Adjusted beginning of year balance $ — $ 592 $ 148 $ 1,431 $ 2,171 Issuances 38 78 18 — 134 Interest accrual — 29 9 73 111 Net premiums collected (38) (63) (20) (184) (305) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 636 $ 155 $ 1,320 $ 2,111 Effect of changes in discount rate assumptions — 141 33 227 401 Balance at December 31, 2021 $ — $ 777 $ 188 $ 1,547 $ 2,512 Present Value of Future Policy Benefits: Balance at January 1, 2021 $ 1,537 $ 1,600 $ 1,006 $ 9,014 $ 13,157 Beginning balance at original discount rate 1,321 1,169 714 6,716 9,920 Effect of changes in cash flow assumptions — — — (8) (8) Effect of actual variances from expected experience (14) 58 (40) (124) (120) Adjusted beginning of year balance $ 1,307 $ 1,227 $ 674 $ 6,584 $ 9,792 Issuances 39 78 18 — 135 Interest accrual 53 70 39 347 509 Benefit payments (168) (120) (43) (336) (667) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,231 $ 1,255 $ 688 $ 6,595 $ 9,769 Effect of changes in discount rate assumptions 139 343 226 1,755 2,463 Balance at December 31, 2021 $ 1,370 $ 1,598 $ 914 $ 8,350 $ 12,232 Adjustment due to reserve flooring $ — $ 1 $ — $ — $ 1 Net liability for future policy benefits $ 1,370 $ 822 $ 726 $ 6,803 $ 9,721 Less: reinsurance recoverable 1,265 558 25 3,443 5,291 Net liability for future policy benefits, after reinsurance recoverable $ 105 $ 264 $ 701 $ 3,360 $ 4,430 Discounted expected future gross premiums $ — $ 2,005 $ 1,158 $ 1,623 $ 4,786 Expected future gross premiums $ — $ 2,815 $ 1,395 $ 1,905 $ 6,115 Expected future benefit payments $ 1,707 $ 2,159 $ 1,217 $ 11,568 $ 16,651 Weighted average interest accretion rate 4.2 % 6.5 % 5.9 % 5.3 % Weighted average discount rate 2.6 % 2.8 % 2.8 % 2.9 % Weighted average duration of liability (in years) 7 8 9 10 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2022 $ — $ 777 $ 188 $ 1,547 $ 2,512 Beginning balance at original discount rate — 636 155 1,320 2,111 Effect of changes in cash flow assumptions — 1 1 52 54 Effect of actual variances from expected experience — 47 (22) (48) (23) Adjusted beginning of year balance $ — $ 684 $ 134 $ 1,324 $ 2,142 Issuances 42 57 12 — 111 Interest accrual — 34 7 65 106 Net premiums collected (42) (67) (16) (169) (294) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 708 $ 137 $ 1,220 $ 2,065 Effect of changes in discount rate assumptions — (22) (3) (13) (38) Balance at December 31, 2022 $ — $ 686 $ 134 $ 1,207 $ 2,027 Present Value of Future Policy Benefits: Balance at January 1, 2022 $ 1,370 $ 1,598 $ 914 $ 8,350 $ 12,232 Beginning balance at original discount rate 1,231 1,255 688 6,595 9,769 Effect of changes in cash flow assumptions — (8) 1 42 35 Effect of actual variances from expected experience (13) 52 (28) (36) (25) Adjusted beginning of year balance $ 1,218 $ 1,299 $ 661 $ 6,601 $ 9,779 Issuances 42 57 12 — 111 Interest accrual 49 73 38 336 496 Benefit payments (154) (116) (42) (368) (680) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,155 $ 1,313 $ 669 $ 6,569 $ 9,706 Effect of changes in discount rate assumptions (90) 6 27 (130) (187) Balance at December 31, 2022 $ 1,065 $ 1,319 $ 696 $ 6,439 $ 9,519 Adjustment due to reserve flooring $ — $ 3 $ — $ — $ 3 Net liability for future policy benefits $ 1,065 $ 636 $ 562 $ 5,232 $ 7,495 Less: reinsurance recoverable 949 443 19 2,649 4,060 Net liability for future policy benefits, after reinsurance recoverable $ 116 $ 193 $ 543 $ 2,583 $ 3,435 Discounted expected future gross premiums $ — $ 1,855 $ 926 $ 1,381 $ 4,162 Expected future gross premiums $ — $ 3,183 $ 1,331 $ 1,908 $ 6,422 Expected future benefit payments $ 1,595 $ 2,234 $ 1,169 $ 11,229 $ 16,227 Weighted average interest accretion rate 4.1 % 6.4 % 6.1 % 5.2 % Weighted average discount rate 5.2 % 5.5 % 5.4 % 5.4 % Weighted average duration of liability (in years) 6 7 8 9 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2023 $ — $ 686 $ 134 $ 1,207 $ 2,027 Beginning balance at original discount rate — 708 137 1,220 2,065 Effect of changes in cash flow assumptions — (19) (19) 19 (19) Effect of actual variances from expected experience — (2) (18) (3) (23) Adjusted beginning of year balance $ — $ 687 $ 100 $ 1,236 $ 2,023 Issuances 177 55 12 — 244 Interest accrual 1 36 5 59 101 Net premiums collected (178) (70) (12) (158) (418) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 708 $ 105 $ 1,137 $ 1,950 Effect of changes in discount rate assumptions — (5) (1) 9 3 Balance at December 31, 2023 $ — $ 703 $ 104 $ 1,146 $ 1,953 Present Value of Future Policy Benefits: Balance at January 1, 2023 $ 1,065 $ 1,319 $ 696 $ 6,439 $ 9,519 Beginning balance at original discount rate 1,155 1,313 669 6,569 9,706 Effect of changes in cash flow assumptions — (18) (25) 9 (34) Effect of actual variances from expected experience (10) (1) (29) 5 (35) Adjusted beginning of year balance $ 1,145 $ 1,294 $ 615 $ 6,583 $ 9,637 Issuances 177 56 11 — 244 Interest accrual 50 73 37 329 489 Benefit payments (150) (132) (42) (405) (729) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,222 $ 1,291 $ 621 $ 6,507 $ 9,641 Effect of changes in discount rate assumptions (58) 34 40 54 70 Balance at December 31, 2023 $ 1,164 $ 1,325 $ 661 $ 6,561 $ 9,711 Adjustment due to reserve flooring $ — $ 5 $ — $ — $ 5 Net liability for future policy benefits $ 1,164 $ 627 $ 557 $ 5,415 $ 7,763 Less: reinsurance recoverable 880 440 22 2,738 4,080 Net liability for future policy benefits, after reinsurance recoverable $ 284 $ 187 $ 535 $ 2,677 $ 3,683 Discounted expected future gross premiums $ — $ 1,764 $ 904 $ 1,325 $ 3,993 Expected future gross premiums $ — $ 2,938 $ 1,269 $ 1,786 $ 5,993 Expected future benefit payments $ 1,726 $ 2,166 $ 1,068 $ 10,850 $ 15,810 Weighted average interest accretion rate 4.2 % 6.2 % 6.1 % 5.0 % Weighted average discount rate 4.9 % 5.1 % 5.1 % 5.1 % Weighted average duration of liability (in years) 7 7 8 8 The amount of revenue and interest recognized in the Statement of Income was as follows: Years Ended December 31, 2023 2022 2021 Gross Premiums Interest Expense Gross Premiums Interest Expense Gross Premiums Interest Expense (in millions) Life contingent payout annuities $ 196 $ 49 $ 45 $ 49 $ 39 $ 53 Term and whole life insurance 169 37 169 39 166 41 Disability income insurance 124 32 127 31 131 30 Long term care insurance 185 270 189 271 192 274 Total $ 674 $ 388 $ 530 $ 390 $ 528 $ 398
Balances of and changes in additional liabilities related to insurance guarantees	The balances of and changes in additional liabilities related to insurance guarantees were as follows: Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,100 $ 74 $ 12 $ 1,186 Interest accrual 35 5 1 41 Benefit accrual 128 8 2 138 Benefit payments (50) (18) (4) (72) Effect of actual variances from expected experience (13) 11 (2) (4) Impact of change in net unrealized (gains) losses on securities 25 1 6 32 Balance at December 31, 2023 $ 1,225 $ 81 $ 15 $ 1,321 Weighted average interest accretion rate 3.0 % 6.9 % 4.0 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6 Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2022 $ 1,120 $ 76 $ 46 $ 1,242 Interest accrual 32 5 1 38 Benefit accrual 108 8 — 116 Benefit payments (43) (14) (4) (61) Effect of actual variances from expected experience (19) 2 (2) (19) Impact of change in net unrealized (gains) losses on securities (98) (3) (29) (130) Balance at December 31, 2022 $ 1,100 $ 74 $ 12 $ 1,186 Weighted average interest accretion rate 2.9 % 7.0 % 4.1 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6
Changes in unearned revenue	The following tables summarize the balances of and changes in unearned revenue, including the January 1, 2021 adoption of ASU 2018-12. Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Total, (in millions) Pre-adoption balance at December 31, 2020 $ 19 $ 76 $ — $ 95 Effect of shadow reserve adjustments 5 10 153 168 Post-adoption balance at January 1, 2021 24 86 153 263 Deferral of revenue 3 34 55 92 Amortization (1) (8) (13) (22) Balance at December 31, 2021 $ 26 $ 112 $ 195 $ 333 Balance at January 1, 2022 $ 26 $ 112 $ 195 $ 333 Deferral of revenue 2 48 54 104 Amortization (1) (10) (16) (27) Balance at December 31, 2022 $ 27 $ 150 $ 233 $ 410 Balance at January 1, 2023 $ 27 $ 150 $ 233 $ 410 Deferral of revenue 1 59 52 112 Amortization (1) (13) (19) (33) Balance at December 31, 2023 $ 27 $ 196 $ 266 $ 489

Separate Account Assets and L_2

Separate Account Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Insurance [Abstract]
Balances of and changes in separate account liabilities	The balances of and changes in separate account liabilities were as follows: Variable Annuities Variable Universal Life Total (in millions) Balance at January 1, 2023 $ 63,223 $ 7,653 $ 70,876 Premiums and deposits 835 459 1,294 Policy charges (1,343) (292) (1,635) Surrenders and other benefits (5,378) (317) (5,695) Investment return 8,477 1,250 9,727 Net transfer from (to) general account 25 42 67 Balance at December 31, 2023 $ 65,839 $ 8,795 $ 74,634 Cash surrender value $ 64,280 $ 8,263 $ 72,543 Variable Annuities Variable Universal Life Total (in millions) Balance at January 1, 2022 $ 82,862 $ 9,376 $ 92,238 Premiums and deposits 1,067 425 1,492 Policy charges (1,396) (278) (1,674) Surrenders and other benefits (4,923) (286) (5,209) Investment return (14,450) (1,654) (16,104) Net transfer from (to) general account 63 70 133 Balance at December 31, 2022 $ 63,223 $ 7,653 $ 70,876 Cash surrender value $ 61,461 $ 7,200 $ 68,661

Market Risk Benefits (Tables)

Market Risk Benefits (Tables)	12 Months Ended
	Dec. 31, 2023
Insurance [Abstract]
Balances of and changes in market risk benefits	The following tables summarize the balances of and changes in market risk benefits, including the January 1, 2021 adoption of ASU 2018-12: (in millions) Pre-adoption balance at December 31, 2020 $ 3,084 Effect of shadow reserve adjustments (3) Adjustments for the cumulative effect of the changes in instrument-specific credit risk on market risk benefits between the original contract issuance date and the transition date 670 Adjustments to the host contract for differences between previous carrying amount and fair value measurement for the market risk benefits under the option-based method of valuation 20 Adjustments for the remaining difference (exclusive of the instrument-specific credit risk change and host contract adjustments) between previous carrying amount and fair value measurements for the market risk benefits 1,058 Post-adoption balance at January 1, 2021 $ 4,829 Years Ended December 31, 2023 2022 2021 (in millions, except age) Balance at beginning of period $ 1,103 $ 2,901 $ 4,829 Issuances 17 27 45 Interest accrual and time decay (53) (237) (294) Reserve increase from attributed fees collected 788 810 819 Reserve release for benefit payments and derecognition (35) (29) (8) Effect of changes in interest rates and bond markets (367) (4,193) (1,053) Effect of changes in equity markets and subaccount performance (1,267) 2,258 (1,558) Effect of changes in equity index volatility (67) 205 73 Actual policyholder behavior different from expected behavior 5 17 52 Effect of changes in other future expected assumptions 128 (139) 123 Effect of changes in the instrument-specific credit risk on market risk benefits 83 (517) (127) Balance at end of period $ 335 $ 1,103 $ 2,901 Reconciliation of the gross balances in an asset or liability position: Asset position $ 1,427 $ 1,015 $ 539 Liability position (1,762) (2,118) (3,440) Net asset (liability) position $ (335) $ (1,103) $ (2,901) Guaranteed benefit amount in excess of current account balances (net amount at risk): Death benefits $ 913 $ 2,781 $ 251 Living benefits $ 2,513 $ 3,364 $ 195 Composite (greater of) $ 3,308 $ 5,830 $ 441 Weighted average attained age of contractholders 69 68 68 Changes in unrealized (gains) losses in net income relating to liabilities held at end of period $ (1,551) $ (2,044) $ (2,502) Changes in unrealized (gains) losses in other comprehensive income relating to liabilities held at end of period $ 84 $ (505) $ (102)
Summary of significant unobservable inputs used in fair value measurements of Level 3 assets and liabilities	The following tables provide a summary of the significant inputs and assumptions used in the fair value measurements developed by the Company or reasonably available to the Company of market risk benefits: December 31, 2023 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ 335 Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.6% Surrender rate (2) 0.3% – 75.0% 3.7% Market volatility (3) 0.0% – 25.2% 10.6% Nonperformance risk (4) 85 bps 85 bps Mortality rate (5) 0.0% – 41.6% 1.6% December 31, 2022 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ 1,103 Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.0% Surrender rate (2) 0.2% – 45.6% 3.6% Market volatility (3) 0.0% – 26.6% 12.1% Nonperformance risk (4) 95 bps 95 bps Mortality rate (5) 0.0% – 41.6% 1.5% (1) The utilization of guaranteed withdrawals represents the percentage of contractholders that will begin withdrawing in any given year. The weighted average utilization rate represents the average assumption, weighted based on the benefit base. The calculation excludes policies that have already started taking withdrawals. (2) The weighted average surrender rate represents the average assumption weighted based on the account value of each contract. (3) Market volatility represents the implied volatility of each contractholder’s mix of funds. The weighted average market volatility represents the average volatility across all contracts, weighted by the size of the guaranteed benefit. (4) The nonperformance risk is the spread added to the U.S. Treasury curve. (5) The weighted average mortality rate represents the average assumption weighted based on the account value of each contract. The following tables provide a summary of the significant unobservable inputs used in the fair value measurements developed by the Company or reasonably available to the Company of Level 3 assets and liabilities: December 31, 2023 Fair Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 451 Discounted cash flow Yield/spread to U.S. Treasuries (1) 1.0% - 2.4% 1.2 % Asset backed securities $ 555 Discounted cash flow Annual default rate 3.1% 3.1 % Loss severity 25.0% 25.0 % Yield/spread to U.S. Treasuries (2) 275 bps - 515 bps 284 bps Fixed deferred indexed annuity ceded embedded derivatives $ 51 Discounted cash flow Surrender rate (3) 0.0% - 66.8% 1.4 % Fixed deferred indexed annuity embedded derivatives $ 49 Discounted cash flow Surrender rate (3) 0.0% - 66.8% 1.4 % Nonperformance risk (4) 85 bps 85 bps IUL embedded derivatives $ 873 Discounted cash flow Nonperformance risk (4) 85 bps 85 bps Structured variable annuity embedded derivatives $ 1,011 Discounted cash flow Surrender rate (3) 0.5% - 75.0% 2.6 % Nonperformance risk (4) 85 bps 85 bps December 31, 2022 Fair Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 395 Discounted cash flow Yield/spread to U.S. Treasuries (1) 1.1% - 2.3% 1.4 % Asset backed securities $ 545 Discounted cash flow Annual default rate 2.4% 2.4 % Loss severity 25.0% 25.0 % Yield/spread to U.S. Treasuries (2) 320 bps - 550 bps 329 bps Fixed deferred indexed annuity ceded embedded derivatives $ 48 Discounted cash flow Surrender rate (3) 0.0% - 66.8% 1.4 % Fixed deferred indexed annuity embedded derivatives $ 44 Discounted cash flow Surrender rate (3) 0.0% - 66.8% 1.4 % Nonperformance risk (4) 95 bps 95 bps IUL embedded derivatives $ 739 Discounted cash flow Nonperformance risk (4) 95 bps 95 bps Structured variable annuity embedded derivatives $ (137) (5) Discounted cash flow Surrender rate (3) 0.8% - 40.0% 0.9 % Nonperformance risk (4) 95 bps 95 bps (1) The weighted average for the yield/spread to U.S. Treasuries for corporate debt securities (private placements) is weighted based on the security’s market value as a percentage of the aggregate market value of the securities. (2) The weighted average for the yield/spread to U.S. Treasuries for asset backed securities is calculated as the sum of each tranche’s balance multiplied by its spread to U.S. Treasuries divided by the aggregate balances of the tranches. (3) The weighted average surrender rate represents the average assumption weighted based on the account value of each contract. (4) The nonperformance risk is the spread added to the U.S. Treasury curve. (5) The fair value of the structured variable annuity embedded derivatives was a net asset as of December 31, 2022 and the amount is presented as a contra liability.

Fair Values of Assets and Lia_2

Fair Values of Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Assets and liabilities measured at fair value
Summary of significant unobservable inputs used in fair value measurements of Level 3 assets and liabilities	The following tables provide a summary of the significant inputs and assumptions used in the fair value measurements developed by the Company or reasonably available to the Company of market risk benefits: December 31, 2023 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ 335 Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.6% Surrender rate (2) 0.3% – 75.0% 3.7% Market volatility (3) 0.0% – 25.2% 10.6% Nonperformance risk (4) 85 bps 85 bps Mortality rate (5) 0.0% – 41.6% 1.6% December 31, 2022 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ 1,103 Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.0% Surrender rate (2) 0.2% – 45.6% 3.6% Market volatility (3) 0.0% – 26.6% 12.1% Nonperformance risk (4) 95 bps 95 bps Mortality rate (5) 0.0% – 41.6% 1.5% (1) The utilization of guaranteed withdrawals represents the percentage of contractholders that will begin withdrawing in any given year. The weighted average utilization rate represents the average assumption, weighted based on the benefit base. The calculation excludes policies that have already started taking withdrawals. (2) The weighted average surrender rate represents the average assumption weighted based on the account value of each contract. (3) Market volatility represents the implied volatility of each contractholder’s mix of funds. The weighted average market volatility represents the average volatility across all contracts, weighted by the size of the guaranteed benefit. (4) The nonperformance risk is the spread added to the U.S. Treasury curve. (5) The weighted average mortality rate represents the average assumption weighted based on the account value of each contract. The following tables provide a summary of the significant unobservable inputs used in the fair value measurements developed by the Company or reasonably available to the Company of Level 3 assets and liabilities: December 31, 2023 Fair Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 451 Discounted cash flow Yield/spread to U.S. Treasuries (1) 1.0% - 2.4% 1.2 % Asset backed securities $ 555 Discounted cash flow Annual default rate 3.1% 3.1 % Loss severity 25.0% 25.0 % Yield/spread to U.S. Treasuries (2) 275 bps - 515 bps 284 bps Fixed deferred indexed annuity ceded embedded derivatives $ 51 Discounted cash flow Surrender rate (3) 0.0% - 66.8% 1.4 % Fixed deferred indexed annuity embedded derivatives $ 49 Discounted cash flow Surrender rate (3) 0.0% - 66.8% 1.4 % Nonperformance risk (4) 85 bps 85 bps IUL embedded derivatives $ 873 Discounted cash flow Nonperformance risk (4) 85 bps 85 bps Structured variable annuity embedded derivatives $ 1,011 Discounted cash flow Surrender rate (3) 0.5% - 75.0% 2.6 % Nonperformance risk (4) 85 bps 85 bps December 31, 2022 Fair Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 395 Discounted cash flow Yield/spread to U.S. Treasuries (1) 1.1% - 2.3% 1.4 % Asset backed securities $ 545 Discounted cash flow Annual default rate 2.4% 2.4 % Loss severity 25.0% 25.0 % Yield/spread to U.S. Treasuries (2) 320 bps - 550 bps 329 bps Fixed deferred indexed annuity ceded embedded derivatives $ 48 Discounted cash flow Surrender rate (3) 0.0% - 66.8% 1.4 % Fixed deferred indexed annuity embedded derivatives $ 44 Discounted cash flow Surrender rate (3) 0.0% - 66.8% 1.4 % Nonperformance risk (4) 95 bps 95 bps IUL embedded derivatives $ 739 Discounted cash flow Nonperformance risk (4) 95 bps 95 bps Structured variable annuity embedded derivatives $ (137) (5) Discounted cash flow Surrender rate (3) 0.8% - 40.0% 0.9 % Nonperformance risk (4) 95 bps 95 bps (1) The weighted average for the yield/spread to U.S. Treasuries for corporate debt securities (private placements) is weighted based on the security’s market value as a percentage of the aggregate market value of the securities. (2) The weighted average for the yield/spread to U.S. Treasuries for asset backed securities is calculated as the sum of each tranche’s balance multiplied by its spread to U.S. Treasuries divided by the aggregate balances of the tranches. (3) The weighted average surrender rate represents the average assumption weighted based on the account value of each contract. (4) The nonperformance risk is the spread added to the U.S. Treasury curve. (5) The fair value of the structured variable annuity embedded derivatives was a net asset as of December 31, 2022 and the amount is presented as a contra liability.
Schedule of carrying value and estimated fair value of financial instruments not reported at fair value	The following tables provide the carrying value and the estimated fair value of financial instruments that are not reported at fair value: December 31, 2023 Carrying Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial Assets Mortgage loans, net $ 1,725 $ — $ — $ 1,599 $ 1,599 Policy loans 912 — 912 — 912 Other investments 76 — 54 22 76 Receivables 6,514 — — 5,566 5,566 Financial Liabilities Policyholder account balances, future policy benefits and claims $ 16,641 $ — $ — $ 14,243 $ 14,243 Short-term borrowings 201 — 201 — 201 Long-term debt 500 — 339 — 339 Other liabilities 5 — — 5 5 Separate account liabilities - investment contracts 332 — 332 — 332 December 31, 2022 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial Assets Mortgage loans, net $ 1,768 $ — $ — $ 1,600 $ 1,600 Policy loans 847 — 847 — 847 Other investments 89 — 69 20 89 Receivables 7,372 — — 6,174 6,174 Financial Liabilities Policyholder account balances, future policy benefits and claims $ 14,450 $ — $ — $ 12,470 $ 12,470 Short-term borrowings 201 — 201 — 201 Long-term debt 500 — 315 — 315 Other liabilities 8 — — 7 7 Separate account liabilities - investment contracts 298 — 298 — 298
RiverSource Life
Assets and liabilities measured at fair value
Schedule of balances of assets and liabilities measured at fair value on a recurring basis	The following tables present the balances of assets and liabilities measured at fair value on a recurring basis (See Note 5 for the balances of assets and liabilities for consolidated investment entities): December 31, 2023 Level 1 Level 2 Level 3 Total (in millions) Assets Available-for-Sale securities: Corporate debt securities $ — $ 10,283 $ 452 $ 10,735 Residential mortgage backed securities — 3,642 — 3,642 Commercial mortgage backed securities — 2,597 — 2,597 State and municipal obligations — 758 — 758 Asset backed securities — 976 555 1,531 Foreign government bonds and obligations — 12 — 12 U.S. government and agency obligations 99 — — 99 Total Available-for-Sale securities 99 18,268 1,007 19,374 Cash equivalents 558 2,012 — 2,570 Market risk benefits — — 1,427 1,427 (1) Receivables: Fixed deferred indexed annuity ceded embedded derivatives — — 51 51 Other assets: Interest rate derivative contracts 1 184 — 185 Equity derivative contracts 65 4,945 — 5,010 Foreign exchange derivative contracts 1 20 — 21 Credit derivative contracts — 1 — 1 Total other assets 67 5,150 — 5,217 Separate account assets at net asset value (“NAV”) 74,634 (2) Total assets at fair value $ 724 $ 25,430 $ 2,485 $ 103,273 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives — 3 49 $ 52 IUL embedded derivatives — — 873 873 Structured variable annuity embedded derivatives — — 1,011 1,011 Total policyholder account balances, future policy benefits and claims — 3 1,933 1,936 (3) Market risk benefits — — 1,762 1,762 (1) Other liabilities: Interest rate derivative contracts 1 304 — 305 Equity derivative contracts 95 3,355 — 3,450 Foreign exchange derivative contracts 1 3 — 4 Credit derivative contracts — 106 — 106 Total other liabilities 97 3,768 — 3,865 Total liabilities at fair value $ 97 $ 3,771 $ 3,695 $ 7,563 December 31, 2022 Level 1 Level 2 Level 3 Total (in millions) Assets Available-for-Sale securities: Corporate debt securities $ — $ 8,311 $ 395 $ 8,706 Residential mortgage backed securities — 2,959 — 2,959 Commercial mortgage backed securities — 2,651 — 2,651 State and municipal obligations — 786 — 786 Asset backed securities — 452 545 997 Foreign government bonds and obligations — 35 — 35 U.S. government and agency obligations 1 — — 1 Total Available-for-Sale securities 1 15,194 940 16,135 Cash equivalents 1,063 1,529 — 2,592 Market risk benefits — — 1,015 1,015 (1) Receivables: Fixed deferred indexed annuity ceded embedded derivatives — — 48 48 Other assets: Interest rate derivative contracts 7 260 — 267 Equity derivative contracts 129 2,564 — 2,693 Foreign exchange derivative contracts — 34 — 34 Credit derivative contracts — 13 — 13 Total other assets 136 2,871 — 3,007 Separate account assets at NAV 70,876 (2) Total assets at fair value $ 1,200 $ 19,594 $ 2,003 $ 93,673 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives $ — $ 3 $ 44 $ 47 IUL embedded derivatives — — 739 739 Structured variable annuity embedded derivatives — — (137) (137) (4) Total policyholder account balances, future policy benefits and claims — 3 646 649 (5) Market risk benefits — — 2,118 2,118 (1) Other liabilities: Interest rate derivative contracts 4 351 — 355 Equity derivative contracts 138 2,228 — 2,366 Foreign exchange derivative contracts 6 4 — 10 Total other liabilities 148 2,583 — 2,731 Total liabilities at fair value $ 148 $ 2,586 $ 2,764 $ 5,498 (1) See Note 12 for additional information related to market risk benefits, including the balances of and changes in market risk benefits as well as the significant inputs and assumptions used in the fair value measurements of market risk benefits. (2) Amounts are comprised of financial instruments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient and have not been classified in the fair value hierarchy. (3) The Company’s adjustment for nonperformance risk resulted in a $195 million cumulative decrease to the embedded derivatives as of December 31, 2023. (4) The fair value of the structured variable annuity embedded derivatives was a net asset as of December 31, 2022 and the amount is presented as a contra liability. (5) The Company’s adjustment for nonperformance risk resulted in a $139 million cumulative decrease to the embedded derivatives as of December 31, 2022.
Summary of changes in Level 3 assets measured at fair value on a recurring basis	The following tables provide a summary of changes in Level 3 assets and liabilities measured at fair value on a recurring basis: Available-for-Sale Securities Receivables Corporate Debt Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2023 $ 395 $ 545 $ 940 $ 48 Total gains (losses) included in: Net income — — — (1) 6 Other comprehensive income (loss) 12 10 22 — Purchases 110 — 110 — Settlements (65) — (65) (3) Balance at December 31, 2023 $ 452 $ 555 $ 1,007 $ 51 Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at December 31, 2023 $ 11 $ 10 $ 21 $ — Policyholder Account Balances, Future Policy Benefits and Claims Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2023 $ 44 $ 739 $ (137) (4) $ 646 Total (gains) losses included in: Net income 8 (2) 198 (2) 1,166 (3) 1,372 Issues — 59 104 163 Settlements (3) (123) (122) (248) Balance at December 31, 2023 $ 49 $ 873 $ 1,011 $ 1,933 Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2023 $ — $ 198 (2) $ 1,166 (3) $ 1,364 Available-for-Sale Securities Receivables Corporate Debt Securities Commercial Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2022 $ 496 $ — $ 291 $ 787 $ 59 Total gains (losses) included in: Net income (1) — — (1) (1) (8) Other comprehensive income (loss) (44) — (25) (69) — Purchases 29 30 564 623 — Settlements (85) — (285) (370) (3) Transfers out of Level 3 — (30) — (30) — Balance at December 31, 2022 $ 395 $ — $ 545 $ 940 $ 48 Changes in unrealized gains (losses) in net income relating to assets held at December 31, 2022 $ (1) $ — $ — $ (1) (1) $ — Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at December 31, 2022 $ (42) $ — $ (21) $ (63) $ — Policyholder Account Balances, Future Policy Benefits and Claims Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2022 $ 56 $ 905 $ 406 $ 1,367 Total (gains) losses included in: Net income (9) (2) (105) (2) (633) (3) (747) Issues — 51 90 141 Settlements (3) (112) — (115) Balance at December 31, 2022 $ 44 $ 739 $ (137) (4) $ 646 Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2022 $ — $ (105) (2) $ (633) (3) $ (738) Available-for-Sale Securities Receivables Corporate Debt Securities Residential Mortgage Backed Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2021 $ 766 $ 9 $ 395 $ 1,170 $ — Total gains (losses) included in: Net income (1) — — (1) (1) 3 Other comprehensive income (loss) (10) — (1) (11) — Purchases 108 — — 108 — Issues — — — — 57 Settlements (119) — (81) (200) (1) Transfers into Level 3 168 — 2 170 — Transfers out of Level 3 (416) (9) (24) (449) — Balance at December 31, 2021 $ 496 $ — $ 291 $ 787 $ 59 Changes in unrealized gains (losses) in net income relating to assets held at December 31, 2021 $ (1) $ — $ — $ (1) (1) $ — Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at December 31, 2021 $ (8) $ — $ (1) $ (9) $ — Policyholder Account Balances, Future Policy Benefits and Claims Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2021 $ 49 $ 935 $ 70 $ 1,054 Total (gains) losses included in: Net income 10 (2) 68 (2) 393 (3) 471 Issues — — (28) (28) Settlements (3) (98) (29) (130) Balance at December 31, 2021 $ 56 $ 905 $ 406 $ 1,367 Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2021 $ — $ 68 (2) $ — $ 68 (1) Included in Net investment income (2) Included in Interest credited to fixed accounts (3) Included in Benefits, claims, losses and settlement expenses (4) The fair value of the structured variable annuity embedded derivatives was a net asset as of January 1, 2023 and December 31, 2022 and the amounts are presented as contra liabilities.
Summary of changes in Level 3 liabilities measured at fair value on a recurring basis	The following tables provide a summary of changes in Level 3 assets and liabilities measured at fair value on a recurring basis: Available-for-Sale Securities Receivables Corporate Debt Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2023 $ 395 $ 545 $ 940 $ 48 Total gains (losses) included in: Net income — — — (1) 6 Other comprehensive income (loss) 12 10 22 — Purchases 110 — 110 — Settlements (65) — (65) (3) Balance at December 31, 2023 $ 452 $ 555 $ 1,007 $ 51 Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at December 31, 2023 $ 11 $ 10 $ 21 $ — Policyholder Account Balances, Future Policy Benefits and Claims Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2023 $ 44 $ 739 $ (137) (4) $ 646 Total (gains) losses included in: Net income 8 (2) 198 (2) 1,166 (3) 1,372 Issues — 59 104 163 Settlements (3) (123) (122) (248) Balance at December 31, 2023 $ 49 $ 873 $ 1,011 $ 1,933 Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2023 $ — $ 198 (2) $ 1,166 (3) $ 1,364 Available-for-Sale Securities Receivables Corporate Debt Securities Commercial Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2022 $ 496 $ — $ 291 $ 787 $ 59 Total gains (losses) included in: Net income (1) — — (1) (1) (8) Other comprehensive income (loss) (44) — (25) (69) — Purchases 29 30 564 623 — Settlements (85) — (285) (370) (3) Transfers out of Level 3 — (30) — (30) — Balance at December 31, 2022 $ 395 $ — $ 545 $ 940 $ 48 Changes in unrealized gains (losses) in net income relating to assets held at December 31, 2022 $ (1) $ — $ — $ (1) (1) $ — Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at December 31, 2022 $ (42) $ — $ (21) $ (63) $ — Policyholder Account Balances, Future Policy Benefits and Claims Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2022 $ 56 $ 905 $ 406 $ 1,367 Total (gains) losses included in: Net income (9) (2) (105) (2) (633) (3) (747) Issues — 51 90 141 Settlements (3) (112) — (115) Balance at December 31, 2022 $ 44 $ 739 $ (137) (4) $ 646 Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2022 $ — $ (105) (2) $ (633) (3) $ (738) Available-for-Sale Securities Receivables Corporate Debt Securities Residential Mortgage Backed Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2021 $ 766 $ 9 $ 395 $ 1,170 $ — Total gains (losses) included in: Net income (1) — — (1) (1) 3 Other comprehensive income (loss) (10) — (1) (11) — Purchases 108 — — 108 — Issues — — — — 57 Settlements (119) — (81) (200) (1) Transfers into Level 3 168 — 2 170 — Transfers out of Level 3 (416) (9) (24) (449) — Balance at December 31, 2021 $ 496 $ — $ 291 $ 787 $ 59 Changes in unrealized gains (losses) in net income relating to assets held at December 31, 2021 $ (1) $ — $ — $ (1) (1) $ — Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at December 31, 2021 $ (8) $ — $ (1) $ (9) $ — Policyholder Account Balances, Future Policy Benefits and Claims Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2021 $ 49 $ 935 $ 70 $ 1,054 Total (gains) losses included in: Net income 10 (2) 68 (2) 393 (3) 471 Issues — — (28) (28) Settlements (3) (98) (29) (130) Balance at December 31, 2021 $ 56 $ 905 $ 406 $ 1,367 Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2021 $ — $ 68 (2) $ — $ 68 (1) Included in Net investment income (2) Included in Interest credited to fixed accounts (3) Included in Benefits, claims, losses and settlement expenses (4) The fair value of the structured variable annuity embedded derivatives was a net asset as of January 1, 2023 and December 31, 2022 and the amounts are presented as contra liabilities.

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Schedule of cash dividends or distributions paid and received	Cash dividends and return of capital or distributions paid and received by RiverSource Life Insurance Company were as follows: Years Ended December 31, 2023 2022 2021 (in millions) Dividends paid to Ameriprise Financial $ 600 $ 600 $ 1,900 Dividend received from RiverSource Life of NY 50 63 — Dividends received from RTA — — 50 Return of capital received from RTA 75 80 —

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	12 Months Ended
	Dec. 31, 2023
Insurance [Abstract]
Summary of statutory net gain from operations and net income	Statutory net gain from operations and net income for RiverSource Life Insurance Company are summarized as follows: Years Ended December 31, 2023 2022 2021 (in millions) Statutory net gain from operations $ 1,331 $ 1,615 $ 1,366 Statutory net income 845 1,769 253

Offsetting Assets and Liabili_2

Offsetting Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Offsetting [Abstract]
Schedule of gross and net information about assets subject to master netting arrangements	The following tables present the gross and net information about the Company’s assets subject to master netting arrangements: December 31, 2023 Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Amounts of Assets Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 5,170 $ — $ 5,170 $ (3,694) $ (1,101) $ (357) $ 18 OTC cleared 9 — 9 (9) — — — Exchange-traded 38 — 38 (18) — — 20 Total $ 5,217 $ — $ 5,217 $ (3,721) $ (1,101) $ (357) $ 38 December 31, 2022 Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Amounts of Assets Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 2,887 $ — $ 2,887 $ (2,313) $ (565) $ (5) $ 4 OTC cleared 23 — 23 (9) — — 14 Exchange-traded 97 — 97 (75) — — 22 Total $ 3,007 $ — $ 3,007 $ (2,397) $ (565) $ (5) $ 40 (1) Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets.
Schedule of gross and net information about liabilities subject to master netting arrangements	The following tables present the gross and net information about the Company’s liabilities subject to master netting arrangements: December 31, 2023 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Amounts of Gross Amounts Not Offset Net Amount Financial Instruments (1) Cash Securities (in millions) Derivatives: OTC $ 3,812 $ — $ 3,812 $ (3,694) $ (34) $ (78) $ 6 OTC cleared 35 — 35 (9) — — 26 Exchange-traded 18 — 18 (18) — — — Total $ 3,865 $ — $ 3,865 $ (3,721) $ (34) $ (78) $ 32 December 31, 2022 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Amounts of Liabilities Presented in the Consolidated Balance Sheets Gross Amounts Not Offset Net Amount Financial Instruments (1) Cash Securities (in millions) Derivatives: OTC $ 2,630 $ — $ 2,630 $ (2,313) $ (38) $ (277) $ 2 OTC cleared 9 — 9 (9) — — — Exchange-traded 92 — 92 (75) — (17) — Total $ 2,731 $ — $ 2,731 $ (2,397) $ (38) $ (294) $ 2 (1) Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets.

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional value and gross fair value of derivative instruments, including embedded derivatives	The following table presents the notional value and gross fair value of derivative instruments, including embedded derivatives: December 31, 2023 December 31, 2022 Notional Gross Fair Value Notional Gross Fair Value Assets (1) Liabilities (2) Assets (1) Liabilities (2) (in millions) Derivatives not designated as hedging instruments Interest rate contracts $ 42,516 $ 185 $ 305 $ 101,302 $ 267 $ 355 Equity contracts 81,905 5,010 3,450 67,416 2,693 2,366 Credit contracts 3,375 1 106 1,802 13 — Foreign exchange contracts 2,952 21 4 2,870 34 10 Total non-designated hedges 130,748 5,217 3,865 173,390 3,007 2,731 Embedded derivatives IUL N/A — 873 N/A — 739 Fixed deferred indexed annuities and deposit receivables N/A 51 52 N/A 48 47 Structured variable annuity (3) N/A — 1,011 N/A — (137) Total embedded derivatives N/A 51 1,936 N/A 48 649 Total derivatives $ 130,748 $ 5,268 $ 5,801 $ 173,390 $ 3,055 $ 3,380 N/A Not applicable. (1) The fair value of freestanding derivative assets is included in Other assets Receivables (2) The fair value of freestanding derivative liabilities is included in Other liabilities Policyholder account balances, future policy benefits and claims (3) The fair value of the structured variable annuity embedded derivatives as of December 31, 2023 included $1.0 billion of individual contracts in a liability position and $15 million of individual contracts in an asset position. The fair value of the structured variable annuity embedded derivatives as of December 31, 2022 included $194 million of individual contracts in a liability position and $331 million of individual contracts in an asset position.
Summary of impact of derivatives not designated as hedging instruments, including embedded derivatives	The following table presents a summary of the impact of derivatives not designated as hedging instruments, including embedded derivatives, on the Consolidated Statements of Income: Net Investment Income Benefits, Claims, Losses and Settlement Expenses Interest Credited to Fixed Accounts Change in Fair Value of Market Risk Benefits (in millions) Year Ended December 31, 2023 Interest rate contracts $ — $ (5) $ — $ (422) Equity contracts — 770 79 (1,239) Credit contracts — — — 7 Foreign exchange contracts — — — 5 IUL embedded derivatives — — (75) — Fixed deferred indexed annuity and deposit receivables embedded derivatives — — (3) — Structured variable annuity embedded derivatives — (1,166) — — Total gain (loss) $ — $ (401) $ 1 $ (1,649) Year Ended December 31, 2022 Interest rate contracts $ — $ (26) $ — $ (2,874) Equity contracts — (164) (126) 899 Credit contracts — — — 279 Foreign exchange contracts — — — 105 IUL embedded derivatives — — 217 — Fixed deferred indexed annuity and deposit receivables embedded derivatives — — 4 — Structured variable annuity embedded derivatives — 633 — — Total gain (loss) $ — $ 443 $ 95 $ (1,591) Year Ended December 31, 2021 Interest rate contracts $ — $ — $ — $ (886) Equity contracts 1 34 91 (851) Credit contracts — — — 43 Foreign exchange contracts — — — 5 IUL embedded derivatives — — 30 — Fixed deferred indexed annuity and deposit receivables embedded derivatives — — (8) — Structured variable annuity embedded derivatives — (393) — — Total gain (loss) $ 1 $ (359) $ 113 $ (1,689)
Summary of payments to make and receive for options	The following is a summary of the payments the Company is scheduled to make and receive for these options as of December 31, 2023: Premiums Premiums (in millions) 2024 $ 131 $ 23 2025 121 20 2026 247 88 2027 20 — 2028 30 — 2029-2030 378 — Total $ 927 $ 131

Shareholder's Equity (Tables)

Shareholder's Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Schedule of amounts related to each component of OCI	The following tables provide the amounts related to each component of OCI: Year Ended December 31, 2023 Pretax Income Tax Benefit (Expense) Net of Tax (in millions) Net unrealized gains (losses) on securities: Net unrealized gains (losses) on securities arising during the period (1) $ 652 $ (144) $ 508 Reclassification of net (gains) losses on securities included in net income (2) 27 (7) 20 Impact of benefit reserves and reinsurance recoverables (24) 5 (19) Net unrealized gains (losses) on securities 655 (146) 509 Effect of changes in discount rate assumptions on certain long-duration contracts (69) 15 (54) Effect of changes in instrument-specific credit risk on MRBs (83) 18 (65) Total other comprehensive income (loss) $ 503 $ (113) $ 390 Year Ended December 31, 2022 Pretax Income Tax Benefit (Expense) Net of Tax (in millions) Net unrealized gains (losses) on securities: Net unrealized gains (losses) on securities arising during the period (1) $ (2,784) $ 595 $ (2,189) Reclassification of net (gains) losses on securities included in net income (2) 88 (19) 69 Impact of benefit reserves and reinsurance recoverables 103 (18) 85 Net unrealized gains (losses) on securities (2,593) 558 (2,035) Effect of changes in discount rate assumptions on certain long-duration contracts 1,095 (234) 861 Effect of changes in instrument-specific credit risk on MRBs 517 (110) 407 Total other comprehensive income (loss) $ (981) $ 214 $ (767) Year Ended December 31, 2021 Pretax Income Tax Benefit (Expense) Net of Tax (in millions) Net unrealized gains (losses) on securities: Net unrealized gains (losses) on securities arising during the period (1) $ (527) $ 111 $ (416) Reclassification of net (gains) losses on securities included in net income (2) (556) 117 (439) Impact of benefit reserves and reinsurance recoverables 8 (1) 7 Net unrealized gains (losses) on securities (1,075) 227 (848) Effect of changes in discount rate assumptions on certain long-duration contracts 361 (77) 284 Effect of changes in instrument-specific credit risk on MRBs 127 (27) 100 Total other comprehensive income (loss) $ (587) $ 123 $ (464) (1) Includes impairments on Available-for-Sale securities related to factors other than credit that were recognized in OCI during the period. (2) Reclassification amounts are recorded in Net realized investment gains (losses).
Schedule of changes in the balances of each component of AOCI	The following table presents the changes in the balances of each component of AOCI, net of tax: Net Unrealized Gains (Losses) on Securities Effect of Changes in Discount Rate Assumptions Effect of Changes in Instrument-Specific Credit Risk on MRBs Other Total (in millions) Balance at January 1, 2021 $ 1,185 $ — $ — $ (1) $ 1,184 Cumulative effect of adoption of long-duration contracts guidance 707 (1,217) (527) — (1,037) OCI before reclassifications (409) 284 100 — (25) Amounts reclassified from AOCI (439) — — — (439) Total OCI (848) 284 100 — (464) Balance at December 31, 2021 1,044 (933) (427) (1) (317) OCI before reclassifications (2,104) 861 407 — (836) Amounts reclassified from AOCI 69 — — — 69 Total OCI (2,035) 861 407 — (767) Balance at December 31, 2022 (991) (72) (20) (1) (1,084) OCI before reclassifications 489 (54) (65) — 370 Amounts reclassified from AOCI 20 — — — 20 Total OCI 509 (54) (65) — 390 Balance at December 31, 2023 $ (482) $ (126) $ (85) $ (1) $ (694)

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of components of income tax provision (benefit)	The components of income tax provision (benefit) were as follows: Years Ended December 31, 2023 2022 2021 (in millions) Current income tax Federal $ (112) $ 57 $ 172 State 2 (2) 6 Total current income tax (110) 55 178 Deferred income tax Federal 98 150 136 State 2 4 2 Total deferred income tax 100 154 138 Total income tax provision (benefit) $ (10) $ 209 $ 316
Schedule of reasons for aggregate income tax provision (benefit) differences to U.S. statutory rate	The principal reasons that the aggregate income tax provision (benefit) is different from that computed by using the U.S. statutory rate of 21% were as follows: Years Ended December 31, 2023 2022 2021 Tax at U.S. statutory rate 21.0 % 21.0 % 21.0 % Changes in taxes resulting from: Dividends received deduction (8.2) (2.3) (1.7) Low income housing tax credits (8.0) (2.9) (3.3) Foreign tax credit, net of addback (7.0) (1.7) (0.9) Audit adjustments (3.4) — — Uncertain tax positions 1.6 — — Other, net 1.5 (0.3) 0.4 Income tax provision (benefit) (2.5) % 13.8 % 15.5 %
Schedule of significant components of deferred income tax assets and liabilities	The significant components of the Company’s deferred income tax assets and liabilities, which are included net within Other assets or Other liabilities, were as follows: December 31, 2023 2022 (1) (in millions) Deferred income tax assets Insurance and annuity benefits including corresponding hedges $ 1,244 $ 1,431 Investments including net unrealized on Available-for-Sale securities 118 165 Other 30 29 Gross deferred income tax assets 1,392 1,625 Less: valuation allowance 30 30 Total deferred income tax assets 1,362 1,595 Deferred income tax liabilities Deferred acquisition costs 380 410 Other 56 52 Gross deferred income tax liabilities 436 462 Net deferred income tax assets $ 926 $ 1,133 (1) Prior period amounts have been reclassified to conform to current year presentation and primarily relate to derivative activity being presented with the liabilities they are hedging and remaining investments being presented together inclusive of net unrealized on Available-for-Sale securities.
Reconciliation rollforward of gross unrecognized tax benefits	A reconciliation of the beginning and ending amount of gross unrecognized tax benefits was as follows: 2023 2022 2021 (in millions) Balance at January 1 $ 37 $ 37 $ 38 Reductions for tax positions related to the current year (3) (1) (1) Additions for tax positions of prior years 65 1 — Reductions for tax positions of prior years (71) — — Reductions due to lapse of statutes of limitations (1) — — Balance at December 31 $ 27 $ 37 $ 37

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of funding commitments	The following table presents the Company’s funding commitments as of December 31: 2023 2022 (in millions) Commercial mortgage loans $ 15 $ —

Nature of Business and Basis _2

Nature of Business and Basis of Presentation - Subsidiaries (Details)	Dec. 31, 2023 item
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of wholly owned subsidiaries	1

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Investments and Financing Receivables (Details)	12 Months Ended
	Dec. 31, 2023
Available-for-Sale securities:
Period past due for nonaccrual status	90 days
Commercial Loans | Commercial mortgage loans
Financing Receivables
Period past due for nonaccrual status	90 days
Commercial Loans | Syndicated loans
Financing Receivables
Period past due for nonaccrual status	90 days

Summary of Significant Accoun_4

Summary of Significant Accounting Policies- Land, Buildings, Equipment and Software (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Land, buildings, equipment and software
Land, buildings, equipment and software, net of accumulated depreciation	$ 117	$ 123
Accumulated depreciation	244	229
Depreciation and amortization expense	$ 15	$ 13	$ 14
Minimum
Land, buildings, equipment and software
Depreciation and amortization period	3 years
Maximum
Land, buildings, equipment and software
Depreciation and amortization period	39 years

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reduction in total equity	$ (1,157)	$ (973)	[1]	$ (1,038)	[2]	$ (3,577)
Retained Earnings (Deficit)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reduction in total equity	618	412	[2]	1,114	[2]	76
Accumulated Other Comprehensive Income (Loss)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reduction in total equity	$ 694	1,084	[2]	317	[2]	(1,184)
Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reduction in total equity		$ (190)		$ 1,103		1,900
Adjustment | Retained Earnings (Deficit)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reduction in total equity						900
Adjustment | Accumulated Other Comprehensive Income (Loss)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reduction in total equity						$ 1,000
[1]Certain prior period amounts have been restated. See Note 3 for more information.[2]Certain prior period amounts have been restated. See Note 3 for more information.

Recent Accounting Pronounceme_4

Recent Accounting Pronouncements - Adoption of New Accounting Standard (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Assets
Market risk benefits	$ 1,427	$ 1,015	[1]	$ 539
Reinsurance recoverables	4,284	4,228	[1]	5,456
Deferred acquisition costs	2,696	2,759	[1]	2,821		$ 2,812
Total assets	123,885	115,403	[1]	141,253
Liabilities:
Policyholder account balances, future policy benefits and claims	37,535	34,122	[1]	35,017
Market risk benefits	1,762	2,118	[1]	3,440
Liabilities	122,728	114,430	[1]	140,215
Shareholder's equity:
Accumulated deficit	(618)	(412)	[1]	(1,114)
Accumulated other comprehensive income (loss), net of tax	(694)	(1,084)	[1]	(317)
Total shareholder’s equity	1,157	973	[1]	1,038	[2]	3,577
Total liabilities and shareholder’s equity	123,885	115,403	[1]	141,253
Revenues
Policy and contract charges	2,020	2,078	[3]	2,250	[3]
Total revenues	4,292	3,755	[3]	3,417	[3]
Benefits and expenses
Benefits, claims, losses and settlement expenses	1,348	236	[3]	(157)	[3]
Remeasurement (gains) losses of future policy benefit reserves	(20)	1	[3]	(52)	[3]
Change in fair value of market risk benefits	798	311	[3]	(113)	[3]
Amortization of deferred acquisition costs	239	241	[3]	245	[3]
Other insurance and operating expenses	697	682	[3]	751	[3]
Total benefits and expenses	3,908	2,244	[3]	1,379	[3]
Pretax income (loss)	384	1,511	[3]	2,038	[3]
Income tax provision (benefit)	(10)	209	[3]	316	[3]
Net income	394	1,302	[4]	1,722	[3]
RiverSource Life
Assets
Reinsurance recoverables, allowance for credit losses	27	23		11
Other assets	6,977	4,726	[1]	7,311
Liabilities:
Other liabilities	$ 5,896	4,131	[1]	6,519
As Reported
Assets
Market risk benefits		0		0
Reinsurance recoverables		4,412		4,529
Deferred acquisition costs		3,141		2,757		2,508
Total assets		115,019		139,427
Liabilities:
Policyholder account balances, future policy benefits and claims		36,057		35,744
Market risk benefits		0		0
Liabilities		114,236		137,286
Shareholder's equity:
Accumulated deficit		(799)		(912)
Accumulated other comprehensive income (loss), net of tax		(887)		584
Total shareholder’s equity		783		2,141
Total liabilities and shareholder’s equity		115,019		139,427
Revenues
Policy and contract charges		2,091		2,304
Total revenues		3,768		3,471
Benefits and expenses
Benefits, claims, losses and settlement expenses		1,366		715
Remeasurement (gains) losses of future policy benefit reserves		0		0
Change in fair value of market risk benefits		0		0
Amortization of deferred acquisition costs		196		112
Other insurance and operating expenses		670		738
Total benefits and expenses		3,005		2,270
Pretax income (loss)		763		1,201
Income tax provision (benefit)		50		137
Net income		713		1,064
As Reported | RiverSource Life
Assets
Other assets		4,791		7,015
Liabilities:
Other liabilities		4,120		6,303
Adjustment
Assets
Market risk benefits		1,015		539
Reinsurance recoverables		(184)		927
Deferred acquisition costs		(382)		64		304
Total assets		384		1,826
Liabilities:
Policyholder account balances, future policy benefits and claims		(1,935)		(727)
Market risk benefits		2,118		3,440
Liabilities		194		2,929
Shareholder's equity:
Accumulated deficit		387		(202)
Accumulated other comprehensive income (loss), net of tax		(197)		(901)
Total shareholder’s equity		190		(1,103)		$ (1,900)
Total liabilities and shareholder’s equity		384		1,826
Revenues
Policy and contract charges		(13)		(54)
Total revenues		(13)		(54)
Benefits and expenses
Benefits, claims, losses and settlement expenses		(1,130)		(872)
Remeasurement (gains) losses of future policy benefit reserves		1		(52)
Change in fair value of market risk benefits		311		(113)
Amortization of deferred acquisition costs		45		133
Other insurance and operating expenses		12		13
Total benefits and expenses		(761)		(891)
Pretax income (loss)		748		837
Income tax provision (benefit)		159		179
Net income		589		658
Adjustment | RiverSource Life
Assets
Other assets		(65)		296
Liabilities:
Other liabilities		$ 11		$ 216
[1]Certain prior period amounts have been restated. See Note 3 for more information.[2]Certain prior period amounts have been restated. See Note 3 for more information.[3]Certain prior period amounts have been restated. See Note 3 for more information.[4]Certain prior period amounts have been restated. See Note 3 for more information.

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Revenues
Revenue from contracts with customers	$ 533	$ 576		$ 673
Revenue from other sources	3,759	3,179		2,744
Total revenues	4,292	3,755	[1]	3,417	[1]
Receivables related to revenues from contracts with customers	49	48
Policy and contract charges
Revenues
Revenue from contracts with customers	166	178		210
Policy and contract charges | Affiliated
Revenues
Revenue from contracts with customers	152	164		193
Policy and contract charges | Unaffiliated
Revenues
Revenue from contracts with customers	14	14		17
Total Other revenues
Revenues
Revenue from contracts with customers	367	398		463
Other revenues: Administrative fees
Revenues
Revenue from contracts with customers	56	60		69
Other revenues: Administrative fees | Affiliated
Revenues
Revenue from contracts with customers	39	42		49
Other revenues: Administrative fees | Unaffiliated
Revenues
Revenue from contracts with customers	17	18		20
Other revenues: Other fees
Revenues
Revenue from contracts with customers	311	338		394
Other revenues: Other fees | Affiliated
Revenues
Revenue from contracts with customers	307	334		389
Other revenues: Other fees | Unaffiliated
Revenues
Revenue from contracts with customers	$ 4	$ 4		$ 5
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Variable Interest Entities - In

Variable Interest Entities - Investment Entities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
VIEs, not primary beneficiary
Variable interest entities
Obligation to provide financial or other support to VIEs	$ 0
VIEs, not primary beneficiary | Affordable Housing Partnerships and Other Real Estate Partnerships
Variable interest entities
Maximum loss exposure	70	$ 92
Other investments	70	92
Consolidated investment entities | Unfunded commitments
Variable interest entities
Loans	$ 24	$ 30

Variable Interest Entities - Fa

Variable Interest Entities - Fair Value of Assets and Liabilities (Details) - Consolidated investment entities - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Liabilities
Debt	$ 2,155	$ 2,363
Recurring basis
Assets
Investments	2,099	2,354
Receivables	28	20
Other assets	1	2
Total assets at fair value	2,128	2,376
Liabilities
Debt	2,155	2,363
Other liabilities	45	119
Total liabilities at fair value	2,200	2,482
Recurring basis | Corporate debt securities
Assets
Investments	40	35
Recurring basis | Common stocks
Assets
Investments	5	3
Recurring basis | Syndicated loans
Assets
Investments	2,054	2,316
Recurring basis | Level 1
Assets
Investments	0	0
Receivables	0	0
Other assets	0	0
Total assets at fair value	0	0
Liabilities
Debt	0	0
Other liabilities	0	0
Total liabilities at fair value	0	0
Recurring basis | Level 1 | Corporate debt securities
Assets
Investments	0	0
Recurring basis | Level 1 | Common stocks
Assets
Investments	0	0
Recurring basis | Level 1 | Syndicated loans
Assets
Investments	0	0
Recurring basis | Level 2
Assets
Investments	2,036	2,229
Receivables	28	20
Other assets	1	1
Total assets at fair value	2,065	2,250
Liabilities
Debt	2,155	2,363
Other liabilities	45	119
Total liabilities at fair value	2,200	2,482
Recurring basis | Level 2 | Corporate debt securities
Assets
Investments	40	35
Recurring basis | Level 2 | Common stocks
Assets
Investments	5	3
Recurring basis | Level 2 | Syndicated loans
Assets
Investments	1,991	2,191
Recurring basis | Level 3
Assets
Investments	63	125
Receivables	0	0
Other assets	0	1
Total assets at fair value	63	126
Liabilities
Debt	0	0
Other liabilities	0	0
Total liabilities at fair value	0	0
Recurring basis | Level 3 | Corporate debt securities
Assets
Investments	0	0
Recurring basis | Level 3 | Common stocks
Assets
Investments	0	0
Recurring basis | Level 3 | Syndicated loans
Assets
Investments	63	125
CLOs
Liabilities
Debt	$ 2,100	$ 2,400

Variable Interest Entities - Ch

Variable Interest Entities - Changes in Level 3 Assets (Details) - Consolidated investment entities - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Syndicated loans
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	$ 125	$ 64	$ 92
Total gains (losses) included in Net income	(4)	(11)	2
Purchases	45	69	106
Sales	(10)	(4)	(38)
Settlements	(16)	(8)	(49)
Transfers into Level 3	122	218	119
Transfers out of Level 3	(199)	(203)	(150)
Deconsolidation of consolidated investment entities			(18)
Balance, ending	63	125	64
Changes in unrealized gains (losses) in net income relating to assets held at end of period	(1)	(10)	0
Other assets
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	1	3	2
Total gains (losses) included in Net income	0	0	1
Purchases	0	0	0
Sales	0	0	0
Settlements	0	0	0
Transfers into Level 3	0	1	2
Transfers out of Level 3	(1)	(3)	(2)
Deconsolidation of consolidated investment entities			0
Balance, ending	0	1	3
Changes in unrealized gains (losses) in net income relating to assets held at end of period	0	0	1
Common stocks
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	$ 0	0
Total gains (losses) included in Net income		0
Purchases		0
Sales		0
Settlements		0
Transfers into Level 3		2
Transfers out of Level 3		(2)
Balance, ending		0	$ 0
Changes in unrealized gains (losses) in net income relating to assets held at end of period		$ 0

Variable Interest Entities - _2

Variable Interest Entities - Fair Value Option (Details) - Consolidated investment entities - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Loans
Unpaid principal balance	$ 2,190	$ 2,525
Excess unpaid principal over fair value	(136)	(209)
Fair Value	2,054	2,316
Fair value of loans more than 90 days past due	0	0
Fair value of loans in nonaccrual status	13	23
Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both	40	48
Debt
Unpaid principal balance	2,362	2,636
Excess unpaid principal over fair value	(207)	(273)
Carrying value	2,155	2,363
CLOs
Debt
Carrying value	$ 2,100	$ 2,400

Variable Interest Entities - De

Variable Interest Entities - Debt and Stated Interest Rates (Details) - Consolidated investment entities - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Debt and stated interest rates
Carrying value	$ 2,155	$ 2,363	[1]
Weighted Average Interest Rate	6.60%	5.30%
Minimum
Debt and stated interest rates
Interest rates	0%
Maximum
Debt and stated interest rates
Interest rates	14.80%
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Investments - Available-for-Sal

Investments - Available-for-Sale Securities by Type (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Investments
Accrued interest excluded from amortized cost basis, location	Accrued investment income	Accrued investment income
RiverSource Life
Investments
Amortized Cost	$ 19,871	$ 17,331
Gross Unrealized Gains	499	253
Gross Unrealized Losses	(994)	(1,427)
Allowance for Credit Losses	(2)	(22)		$ (1)	$ (10)
Fair Value	19,374	16,135	[1]
Accrued interest excluded from amortized cost basis	168	139
RiverSource Life | Corporate debt securities
Investments
Amortized Cost	10,828	9,349
Gross Unrealized Gains	405	180
Gross Unrealized Losses	(497)	(803)
Allowance for Credit Losses	(1)	(20)		0	(10)
Fair Value	10,735	8,706
RiverSource Life | Residential mortgage backed securities
Investments
Amortized Cost	3,886	3,254
Gross Unrealized Gains	20	8
Gross Unrealized Losses	(264)	(303)
Allowance for Credit Losses	0	0
Fair Value	3,642	2,959
RiverSource Life | Commercial mortgage backed securities
Investments
Amortized Cost	2,784	2,904
Gross Unrealized Gains	6	2
Gross Unrealized Losses	(193)	(255)
Allowance for Credit Losses	0	0
Fair Value	2,597	2,651
RiverSource Life | State and municipal obligations
Investments
Amortized Cost	717	761
Gross Unrealized Gains	61	53
Gross Unrealized Losses	(19)	(26)
Allowance for Credit Losses	(1)	(2)		$ (1)	$ 0
Fair Value	758	786
RiverSource Life | Asset backed securities
Investments
Amortized Cost	1,545	1,025
Gross Unrealized Gains	7	10
Gross Unrealized Losses	(21)	(38)
Allowance for Credit Losses	0	0
Fair Value	1,531	997
RiverSource Life | Foreign government bonds and obligations
Investments
Amortized Cost	12	37
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	(2)
Allowance for Credit Losses	0	0
Fair Value	12	35
RiverSource Life | U.S. government and agency obligations
Investments
Amortized Cost	99	1
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Allowance for Credit Losses	0	0
Fair Value	$ 99	$ 1
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Investments - Summary of Fixed

Investments - Summary of Fixed Maturity Securities by Rating (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) issuer	Dec. 31, 2022 USD ($) issuer
Investments
Investment, Type [Extensible Enumeration]	Fixed maturity securities	Fixed maturity securities
RiverSource Life
Investments
Fixed maturity securities rated internally	$ 265	$ 257
Amortized Cost	19,871	17,331
Fair Value	19,374	16,135	[1]
RiverSource Life | Ameriprise Advisor Financing 2, LLC ("AAF 2")
Investments
Issuers greater than 10% of equity	554	544
RiverSource Life | AAA
Investments
Amortized Cost	4,558	6,313
Fair Value	4,337	5,754
RiverSource Life | AA
Investments
Amortized Cost	3,961	1,159
Fair Value	3,799	1,188
RiverSource Life | A
Investments
Amortized Cost	2,213	1,572
Fair Value	2,279	1,594
RiverSource Life | BBB
Investments
Amortized Cost	8,813	7,646
Fair Value	8,633	7,023
RiverSource Life | Below investment grade
Investments
Amortized Cost	326	641
Fair Value	326	576
RiverSource Life | Below investment grade | CLOs
Investments
Amortized Cost	1	1
Fair Value	$ 1	$ 1
RiverSource Life | Total investments | Credit concentration risk
Investments
Percentage of total	87%	85%
RiverSource Life | Fixed maturity securities | Credit concentration risk
Investments
Percentage of total	100%	100%
RiverSource Life | Fixed maturity securities | Credit concentration risk | AAA
Investments
Percentage of total	22%	36%
RiverSource Life | Fixed maturity securities | Credit concentration risk | AA
Investments
Percentage of total	20%	7%
RiverSource Life | Fixed maturity securities | Credit concentration risk | A
Investments
Percentage of total	12%	10%
RiverSource Life | Fixed maturity securities | Credit concentration risk | BBB
Investments
Percentage of total	44%	43%
RiverSource Life | Fixed maturity securities | Credit concentration risk | Below investment grade
Investments
Percentage of total	2%	4%
RiverSource Life | Fixed maturity securities | Credit concentration risk | GNMA, FNMA and FHLMC mortgage backed securities. | AAA
Investments
Risk Concentration, Percentage		36%
RiverSource Life | Fixed maturity securities | Credit concentration risk | GNMA, FNMA and FHLMC mortgage backed securities. | AA
Investments
Risk Concentration, Percentage	61%
RiverSource Life | Shareholder's equity, total | Investment Concentration Risk
Investments
Number of issuers greater than 10% of equity | issuer	34	30
Issuers greater than 10% of equity	$ 5,800	$ 4,400
RiverSource Life | Shareholder's equity, total | Investment Concentration Risk | Ameriprise Advisor Financing 2, LLC ("AAF 2")
Investments
Risk Concentration, Percentage	48%	56%
RiverSource Life | Shareholder's equity, total | Investment Concentration Risk | Minimum
Investments
Risk Concentration, Percentage	10%	10%
RiverSource Life | Shareholder's equity, total | Investment Concentration Risk | Maximum
Investments
Risk Concentration, Percentage	23%	22%
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Investments - Available-for Sal

Investments - Available-for Sale Securities in Continuous Unrealized Loss Position (Details) - RiverSource Life $ in Millions	Dec. 31, 2023 USD ($) security	Dec. 31, 2022 USD ($) security
Number of Securities
Less than 12 months | security	104	859
12 months or more | security	821	241
Total | security	925	1,100
Fair Value
Less than 12 months	$ 1,194	$ 9,383
12 months or more	9,738	3,144
Total	10,932	12,527
Unrealized Losses
Less than 12 months	(17)	(753)
12 months or more	(977)	(674)
Total	$ (994)	$ (1,427)
Available -for-Sale Securities with gross unrealized losses considered investment grade (as a percent)	94%	93%
Corporate debt securities
Number of Securities
Less than 12 months | security	43	405
12 months or more | security	340	100
Total | security	383	505
Fair Value
Less than 12 months	$ 410	$ 5,028
12 months or more	4,735	1,532
Total	5,145	6,560
Unrealized Losses
Less than 12 months	(8)	(443)
12 months or more	(489)	(360)
Total	$ (497)	$ (803)
Residential mortgage backed securities
Number of Securities
Less than 12 months | security	30	189
12 months or more | security	204	52
Total | security	234	241
Fair Value
Less than 12 months	$ 389	$ 1,643
12 months or more	2,114	826
Total	2,503	2,469
Unrealized Losses
Less than 12 months	(4)	(117)
12 months or more	(260)	(186)
Total	$ (264)	$ (303)
Commercial mortgage backed securities
Number of Securities
Less than 12 months | security	20	176
12 months or more | security	196	58
Total | security	216	234
Fair Value
Less than 12 months	$ 264	$ 1,746
12 months or more	2,062	666
Total	2,326	2,412
Unrealized Losses
Less than 12 months	(4)	(149)
12 months or more	(189)	(106)
Total	$ (193)	$ (255)
State and municipal obligations
Number of Securities
Less than 12 months | security	5	40
12 months or more | security	47	26
Total | security	52	66
Fair Value
Less than 12 months	$ 29	$ 126
12 months or more	137	59
Total	166	185
Unrealized Losses
Less than 12 months	(1)	(15)
12 months or more	(18)	(11)
Total	$ (19)	$ (26)
Asset backed securities
Number of Securities
Less than 12 months | security	5	39
12 months or more | security	32	4
Total | security	37	43
Fair Value
Less than 12 months	$ 102	$ 808
12 months or more	684	60
Total	786	868
Unrealized Losses
Less than 12 months	0	(28)
12 months or more	(21)	(10)
Total	$ (21)	$ (38)
Foreign government bonds and obligations
Number of Securities
Less than 12 months | security	0	10
12 months or more | security	2	1
Total | security	2	11
Fair Value
Less than 12 months	$ 0	$ 32
12 months or more	6	1
Total	6	33
Unrealized Losses
Less than 12 months	0	(1)
12 months or more	0	(1)
Total	$ 0	$ (2)
U.S. government and agency obligations
Number of Securities
Less than 12 months | security	1
12 months or more | security	0
Total | security	1
Fair Value
Less than 12 months	$ 0
12 months or more	0
Total	0
Unrealized Losses
Less than 12 months	0
12 months or more	0
Total	$ 0

Investments - Rollforward of Al

Investments - Rollforward of Allowance for Credit Losses (Details) - RiverSource Life - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Rollforward of available-for-Sale securities allowance for credit losses
Beginning balance	$ 22	$ 1	$ 10
Additions for which credit losses were not previously recognized	1	20	1
Charge-offs			(10)
Additional increases (decreases) on securities that had an allowance recorded in a previous period		1
Reductions for securities sold during the period (realized)	(21)
Ending balance	2	22	1
Corporate debt securities
Rollforward of available-for-Sale securities allowance for credit losses
Beginning balance	20	0	10
Additions for which credit losses were not previously recognized	1	20	0
Charge-offs			(10)
Additional increases (decreases) on securities that had an allowance recorded in a previous period		0
Reductions for securities sold during the period (realized)	(20)
Ending balance	1	20	0
State and municipal obligations
Rollforward of available-for-Sale securities allowance for credit losses
Beginning balance	2	1	0
Additions for which credit losses were not previously recognized	0	0	1
Charge-offs			0
Additional increases (decreases) on securities that had an allowance recorded in a previous period		1
Reductions for securities sold during the period (realized)	(1)
Ending balance	$ 1	$ 2	$ 1

Investments - Net Realized Gain

Investments - Net Realized Gains and Losses on Available-for-Sale Securities (Details) - RiverSource Life - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net realized gains and losses on Available-for-Sale securities
Gross realized investment gains	$ 11	$ 28	$ 576
Gross realized investment losses	(57)	(25)	(6)
Credit reversals (losses)	20	(21)	(1)
Other impairments	(1)	(70)	(13)
Total	$ (27)	$ (88)	$ 556

Investments - Available-for-S_2

Investments - Available-for-Sale Securities by Contractual Maturity (Details) - RiverSource Life - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Amortized Cost
Due within one year	$ 552
Due after one year through five years	1,845
Due after five years through 10 years	4,280
Due after 10 years	4,979
Total having single maturity dates	11,656
Amortized Cost	19,871	$ 17,331
Fair Value
Due within one year	546
Due after one year through five years	1,812
Due after five years through 10 years	4,018
Due after 10 years	5,228
Total having single maturity dates	11,604
Fair Value	19,374	16,135	[1]
Residential mortgage backed securities
Amortized Cost
Without single maturity dates	3,886
Amortized Cost	3,886	3,254
Fair Value
Without single maturity dates	3,642
Fair Value	3,642	2,959
Commercial mortgage backed securities
Amortized Cost
Without single maturity dates	2,784
Amortized Cost	2,784	2,904
Fair Value
Without single maturity dates	2,597
Fair Value	2,597	2,651
Asset backed securities
Amortized Cost
Without single maturity dates	1,545
Amortized Cost	1,545	1,025
Fair Value
Without single maturity dates	1,531
Fair Value	$ 1,531	$ 997
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Investments - Summary of Net In

Investments - Summary of Net Investment Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Net investment income
Fixed maturities	$ 830	$ 615		$ 643
Mortgage loans	69	73		102
Other investments	431	159		101
Gross investment income	1,330	847		846
Less: investment expenses	26	20		19
Total	$ 1,304	$ 827	[1]	$ 827	[1]
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Investments - Net Realized Inve

Investments - Net Realized Investment Gains (Losses) Summary (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Net realized investment gains (losses) summary
Net realized investment gains (losses)	$ (70)	$ (100)	[1]	$ 595	[1]
Fixed maturities
Net realized investment gains (losses) summary
Net realized investment gains (losses)	(27)	(88)		556
Mortgage loans
Net realized investment gains (losses) summary
Net realized investment gains (losses)	1	(1)		57
Other investments
Net realized investment gains (losses) summary
Net realized investment gains (losses)	$ (44)	$ (11)		$ (18)
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Financing Receivables - Allowan

Financing Receivables - Allowance for Credit Losses and Accrued Interest (Details) - Commercial Loans - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Rollforward of allowance for credit losses
Beginning balance	$ 11	$ 12	$ 35
Provisions	(1)	1	(23)
Charge-offs		(2)
Ending balance	10	11	$ 12
Accrued investment income
Financing receivables
Accrued interest on loans	$ 15	$ 14

Financing Receivables - Purchas

Financing Receivables - Purchases, Sales and Nonperforming (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Nonperforming
Financing Receivables
Loans	$ 0	$ 0
Deteriorated credit quality
Financing Receivables
Loans purchased	0
Commercial Loans | Commercial mortgage loans
Financing Receivables
Loans sold	0	0	$ 746
Loans	1,735	1,779
Commercial Loans | Syndicated loans
Financing Receivables
Loans sold	1	0	340
Loans purchased	1	42	$ 26
Loans	$ 57	$ 72

Financing Receivables - General

Financing Receivables - General Credit Quality Information - Commercial Mortgage Loans (Details) - Commercial Loans - Commercial mortgage loans - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivables
Loans	$ 1,735	$ 1,779
Past due
Financing Receivables
Loans	$ 0	$ 0
Total commercial mortgage loans | Credit concentration risk
Financing Receivables
Percentage of total	100%	100%

Financing Receivables - Credit

Financing Receivables - Credit Quality - Commercial Mortgage Loans by LTV Ratio and Year of Origination (Details) - Commercial Loans - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Amortized cost basis by year of origination and loan-to-value ratio
Loan write-offs		$ 2
Commercial mortgage loans
Amortized cost basis by year of origination and loan-to-value ratio
Originated in current fiscal year	$ 69	105
Originated in fiscal year before latest fiscal year	103	186
Originated two years before latest fiscal year	178	112
Originated three years before latest fiscal year	102	196
Originated four years before latest fiscal year	189	149
Prior	1,094	1,031
Total amortized cost basis	1,735	1,779
Loan write-offs	0
Commercial mortgage loans | Greater than 100 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Originated in current fiscal year	0	0
Originated in fiscal year before latest fiscal year	0	0
Originated two years before latest fiscal year	0	2
Originated three years before latest fiscal year	0	2
Originated four years before latest fiscal year	2	0
Prior	20	39
Total amortized cost basis	22	43
Commercial mortgage loans | 80 to 100 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Originated in current fiscal year	0	1
Originated in fiscal year before latest fiscal year	0	9
Originated two years before latest fiscal year	0	2
Originated three years before latest fiscal year	2	20
Originated four years before latest fiscal year	11	7
Prior	49	30
Total amortized cost basis	62	69
Commercial mortgage loans | 60 to 80 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Originated in current fiscal year	55	39
Originated in fiscal year before latest fiscal year	26	85
Originated two years before latest fiscal year	6	17
Originated three years before latest fiscal year	14	52
Originated four years before latest fiscal year	40	9
Prior	102	104
Total amortized cost basis	243	306
Commercial mortgage loans | 40 to 60 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Originated in current fiscal year	7	49
Originated in fiscal year before latest fiscal year	46	84
Originated two years before latest fiscal year	129	64
Originated three years before latest fiscal year	49	80
Originated four years before latest fiscal year	65	55
Prior	343	426
Total amortized cost basis	639	758
Commercial mortgage loans | Less than 40 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Originated in current fiscal year	7	16
Originated in fiscal year before latest fiscal year	31	8
Originated two years before latest fiscal year	43	27
Originated three years before latest fiscal year	37	42
Originated four years before latest fiscal year	71	78
Prior	580	432
Total amortized cost basis	$ 769	$ 603

Financing Receivables - Credi_2

Financing Receivables - Credit Quality - Commercial Mortgage Loans by Region (Details) - Commercial Loans - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing receivables - credit quality information
Allowance for credit losses	$ 10	$ 11	$ 12	$ 35
Commercial mortgage loans
Financing receivables - credit quality information
Loans	1,735	1,779
Commercial mortgage loans | East North Central
Financing receivables - credit quality information
Loans	180	192
Commercial mortgage loans | East South Central
Financing receivables - credit quality information
Loans	47	51
Commercial mortgage loans | Middle Atlantic
Financing receivables - credit quality information
Loans	97	100
Commercial mortgage loans | Mountain
Financing receivables - credit quality information
Loans	130	120
Commercial mortgage loans | New England
Financing receivables - credit quality information
Loans	21	17
Commercial mortgage loans | Pacific
Financing receivables - credit quality information
Loans	595	601
Commercial mortgage loans | South Atlantic
Financing receivables - credit quality information
Loans	452	467
Commercial mortgage loans | West North Central
Financing receivables - credit quality information
Loans	105	115
Commercial mortgage loans | West South Central
Financing receivables - credit quality information
Loans	$ 108	$ 116
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans
Financing receivables - credit quality information
Percentage of total	100%	100%
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans | East North Central
Financing receivables - credit quality information
Percentage of total	10%	11%
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans | East South Central
Financing receivables - credit quality information
Percentage of total	3%	3%
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans | Middle Atlantic
Financing receivables - credit quality information
Percentage of total	6%	6%
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans | Mountain
Financing receivables - credit quality information
Percentage of total	8%	7%
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans | New England
Financing receivables - credit quality information
Percentage of total	1%	1%
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans | Pacific
Financing receivables - credit quality information
Percentage of total	34%	34%
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans | South Atlantic
Financing receivables - credit quality information
Percentage of total	26%	26%
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans | West North Central
Financing receivables - credit quality information
Percentage of total	6%	6%
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans | West South Central
Financing receivables - credit quality information
Percentage of total	6%	6%

Financing Receivables - Credi_3

Financing Receivables - Credit Quality - Commercial Mortgage Loans by Property Type (Details) - Commercial Loans - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing receivables - credit quality information
Allowance for credit losses	$ 10	$ 11	$ 12	$ 35
Commercial mortgage loans
Financing receivables - credit quality information
Loans	1,735	1,779
Commercial mortgage loans | Apartments
Financing receivables - credit quality information
Loans	454	465
Commercial mortgage loans | Hotel
Financing receivables - credit quality information
Loans	13	14
Commercial mortgage loans | Industrial
Financing receivables - credit quality information
Loans	293	295
Commercial mortgage loans | Mixed use
Financing receivables - credit quality information
Loans	54	55
Commercial mortgage loans | Office
Financing receivables - credit quality information
Loans	230	243
Commercial mortgage loans | Retail
Financing receivables - credit quality information
Loans	546	576
Commercial mortgage loans | Other
Financing receivables - credit quality information
Loans	$ 145	$ 131
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans
Financing receivables - credit quality information
Percentage of total	100%	100%
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans | Apartments
Financing receivables - credit quality information
Percentage of total	26%	26%
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans | Hotel
Financing receivables - credit quality information
Percentage of total	1%	1%
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans | Industrial
Financing receivables - credit quality information
Percentage of total	17%	17%
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans | Mixed use
Financing receivables - credit quality information
Percentage of total	3%	3%
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans | Office
Financing receivables - credit quality information
Percentage of total	13%	14%
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans | Retail
Financing receivables - credit quality information
Percentage of total	32%	32%
Total commercial mortgage loans | Credit concentration risk | Commercial mortgage loans | Other
Financing receivables - credit quality information
Percentage of total	8%	7%

Financing Receivables - Credi_4

Financing Receivables - Credit Quality Information - Syndicated Loans (Details) - Commercial Loans - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing receivables - credit quality information
Loan write-offs		$ 2
Syndicated loans
Financing receivables - credit quality information
Recorded investment	$ 57	72
Loan write-offs	0
Amortized cost basis by year of origination and loan-to-value ratio
Originated in current fiscal year	12	8
Originated in fiscal year before latest fiscal year	3	23
Originated two years before latest fiscal year	25	3
Originated three years before latest fiscal year	3	11
Originated four years before latest fiscal year	12	5
Prior	2	22
Total amortized cost basis	57	72
Syndicated loans | Risk 5
Financing receivables - credit quality information
Recorded investment	0	0
Amortized cost basis by year of origination and loan-to-value ratio
Originated in current fiscal year	0	0
Originated in fiscal year before latest fiscal year	0	0
Originated two years before latest fiscal year	0	0
Originated three years before latest fiscal year	0	0
Originated four years before latest fiscal year	0	0
Prior	0	0
Total amortized cost basis	0	0
Syndicated loans | Risk 4
Financing receivables - credit quality information
Recorded investment	0	0
Amortized cost basis by year of origination and loan-to-value ratio
Originated in current fiscal year	0	0
Originated in fiscal year before latest fiscal year	0	0
Originated two years before latest fiscal year	0	0
Originated three years before latest fiscal year	0	0
Originated four years before latest fiscal year	0	0
Prior	0	0
Total amortized cost basis	0	0
Syndicated loans | Risk 3
Financing receivables - credit quality information
Recorded investment	9	10
Amortized cost basis by year of origination and loan-to-value ratio
Originated in current fiscal year	0	0
Originated in fiscal year before latest fiscal year	0	5
Originated two years before latest fiscal year	7	0
Originated three years before latest fiscal year	0	3
Originated four years before latest fiscal year	1	0
Prior	1	2
Total amortized cost basis	9	10
Syndicated loans | Risk 2
Financing receivables - credit quality information
Recorded investment	24	36
Amortized cost basis by year of origination and loan-to-value ratio
Originated in current fiscal year	6	5
Originated in fiscal year before latest fiscal year	1	13
Originated two years before latest fiscal year	9	2
Originated three years before latest fiscal year	2	5
Originated four years before latest fiscal year	6	0
Prior	0	11
Total amortized cost basis	24	36
Syndicated loans | Risk 1
Financing receivables - credit quality information
Recorded investment	24	26
Amortized cost basis by year of origination and loan-to-value ratio
Originated in current fiscal year	6	3
Originated in fiscal year before latest fiscal year	2	5
Originated two years before latest fiscal year	9	1
Originated three years before latest fiscal year	1	3
Originated four years before latest fiscal year	5	5
Prior	1	9
Total amortized cost basis	24	26
Syndicated loans | Past due
Financing receivables - credit quality information
Recorded investment	0	0
Amortized cost basis by year of origination and loan-to-value ratio
Total amortized cost basis	$ 0	$ 0

Financing Receivables -Credit Q

Financing Receivables -Credit Quality Information - Policy Loans and Deposit Receivable (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Receivable
Reinsurance deposit receivable	$ 6,500	$ 7,400
Deposit Receivables
Financing Receivables
Allowance for credit losses	0	0
Policy Loans | Consumer and Residential Portfolio Segment
Financing Receivables
Allowance for credit losses	$ 0	$ 0

Financing Receivables - Modific

Financing Receivables - Modifications with Borrowers Experiencing Financial Difficulty (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Modifications with Borrowers Experiencing Financial Difficulty
Modifications of financing receivables	$ 0

Deferred Acquisition Costs an_3

Deferred Acquisition Costs and Deferred Sales Inducement Costs - Deferred Acquisition Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Balances of and changes in DAC
Beginning balance	$ 2,759	[1]	$ 2,821		$ 2,812
Capitalization of acquisition costs	176		179		254
Amortization	(239)		(241)	[2]	(245)	[2]
Ending balance	2,696		2,759	[1]	2,821
Variable Annuities
Balances of and changes in DAC
Beginning balance	1,582		1,678		1,713
Capitalization of acquisition costs	23		39		110
Amortization	(124)		(135)		(145)
Ending balance	1,481		1,582		1,678
Structured Variable Annuities
Balances of and changes in DAC
Beginning balance	149		91		26
Capitalization of acquisition costs	83		73		71
Amortization	(24)		(15)		(6)
Ending balance	208		149		91
Fixed Annuities
Balances of and changes in DAC
Beginning balance	45		53		61
Capitalization of acquisition costs	0		0		0
Amortization	(10)		(8)		(8)
Ending balance	35		45		53
Fixed Indexed Annuities
Balances of and changes in DAC
Beginning balance	6		7		8
Capitalization of acquisition costs	0		0		0
Amortization	(1)		(1)		(1)
Ending balance	5		6		7
Universal Life Insurance
Balances of and changes in DAC
Beginning balance	118		125		131
Capitalization of acquisition costs	0		1		3
Amortization	(8)		(8)		(9)
Ending balance	110		118		125
Variable Universal Life Insurance
Balances of and changes in DAC
Beginning balance	521		512		505
Capitalization of acquisition costs	57		55		54
Amortization	(44)		(46)		(47)
Ending balance	534		521		512
IUL insurance
Balances of and changes in DAC
Beginning balance	236		248		257
Capitalization of acquisition costs	4		5		9
Amortization	(17)		(17)		(18)
Ending balance	223		236		248
Other Life Insurance
Balances of and changes in DAC
Beginning balance	3		3		3
Capitalization of acquisition costs	0		0		0
Amortization	(1)		0		0
Ending balance	2		3		3
Life Contingent Payout Annuities
Balances of and changes in DAC
Beginning balance	2		1		0
Capitalization of acquisition costs	4		1		1
Amortization	0		0		0
Ending balance	6		2		1
Term and Whole Life Insurance
Balances of and changes in DAC
Beginning balance	18		19		19
Capitalization of acquisition costs	1		1		2
Amortization	(2)		(2)		(2)
Ending balance	17		18		19
Disability Income Insurance
Balances of and changes in DAC
Beginning balance	79		84		89
Capitalization of acquisition costs	4		4		4
Amortization	(8)		(9)		(9)
Ending balance	75		79		84
As Reported
Balances of and changes in DAC
Beginning balance	3,141		2,757		2,508
Amortization			(196)		(112)
Ending balance			3,141		2,757
As Reported | Variable Annuities
Balances of and changes in DAC
Beginning balance					1,671
As Reported | Structured Variable Annuities
Balances of and changes in DAC
Beginning balance					22
As Reported | Fixed Annuities
Balances of and changes in DAC
Beginning balance					43
As Reported | Fixed Indexed Annuities
Balances of and changes in DAC
Beginning balance					7
As Reported | Universal Life Insurance
Balances of and changes in DAC
Beginning balance					100
As Reported | Variable Universal Life Insurance
Balances of and changes in DAC
Beginning balance					452
As Reported | IUL insurance
Balances of and changes in DAC
Beginning balance					108
As Reported | Other Life Insurance
Balances of and changes in DAC
Beginning balance					(3)
As Reported | Life Contingent Payout Annuities
Balances of and changes in DAC
Beginning balance					0
As Reported | Term and Whole Life Insurance
Balances of and changes in DAC
Beginning balance					19
As Reported | Disability Income Insurance
Balances of and changes in DAC
Beginning balance					89
Adjustment
Balances of and changes in DAC
Beginning balance	$ (382)		64		304
Amortization			(45)		(133)
Ending balance			$ (382)		64
Adjustment | Variable Annuities
Balances of and changes in DAC
Beginning balance					42
Adjustment | Structured Variable Annuities
Balances of and changes in DAC
Beginning balance					4
Adjustment | Fixed Annuities
Balances of and changes in DAC
Beginning balance					18
Adjustment | Fixed Indexed Annuities
Balances of and changes in DAC
Beginning balance					1
Adjustment | Universal Life Insurance
Balances of and changes in DAC
Beginning balance					31
Adjustment | Variable Universal Life Insurance
Balances of and changes in DAC
Beginning balance					53
Adjustment | IUL insurance
Balances of and changes in DAC
Beginning balance					149
Adjustment | Other Life Insurance
Balances of and changes in DAC
Beginning balance					6
Adjustment | Life Contingent Payout Annuities
Balances of and changes in DAC
Beginning balance					0
Adjustment | Term and Whole Life Insurance
Balances of and changes in DAC
Beginning balance					0
Adjustment | Disability Income Insurance
Balances of and changes in DAC
Beginning balance					$ 0
[1]Certain prior period amounts have been restated. See Note 3 for more information.[2]Certain prior period amounts have been restated. See Note 3 for more information.

Deferred Acquisition Costs an_4

Deferred Acquisition Costs and Deferred Sales Inducement Costs - Deferred Sales Inducement Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Balances of and changes in DSIC
Beginning balance	$ 165	$ 183	$ 203
Capitalization of sales inducement costs		1	1
Amortization	(19)	(19)	(21)
Ending balance	146	165	183
Variable Annuities
Balances of and changes in DSIC
Beginning balance	149	164	181
Capitalization of sales inducement costs		1	1
Amortization	(15)	(16)	(18)
Ending balance	134	149	164
Fixed Annuities
Balances of and changes in DSIC
Beginning balance	16	19	22
Capitalization of sales inducement costs		0	0
Amortization	(4)	(3)	(3)
Ending balance	$ 12	$ 16	19
As Reported
Balances of and changes in DSIC
Beginning balance			187
As Reported | Variable Annuities
Balances of and changes in DSIC
Beginning balance			173
As Reported | Fixed Annuities
Balances of and changes in DSIC
Beginning balance			14
Adjustment
Balances of and changes in DSIC
Beginning balance			16
Adjustment | Variable Annuities
Balances of and changes in DSIC
Beginning balance			8
Adjustment | Fixed Annuities
Balances of and changes in DSIC
Beginning balance			$ 8

Reinsurance - Products and Risk

Reinsurance - Products and Risks Reinsured (Details) - USD ($)		12 Months Ended	108 Months Ended	112 Months Ended	144 Months Ended	264 Months Ended
	Jul. 01, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2013	Dec. 31, 2022
Term life insurance policies
Reinsured risk
Percentage of risk reinsured						90%
IUL insurance
Reinsured risk
Percentage of risk reinsured				50%
Universal Life Insurance
Reinsured risk
Percentage of risk reinsured		50%			90%
Single life insurance policy
Reinsured risk
Amount retained per policy		$ 10,000,000
Flexible premium survivorship life policy
Reinsured risk
Amount retained per policy		10,000,000
Single life or flexible premium survivorship life policy
Reinsured risk
Amount retained per policy		$ 1,500,000
Long term care insurance
Reinsured risk
Percentage of risk reinsured		50%
Disability Income Insurance
Reinsured risk
Amount retained per policy		$ 5,000
Variable Universal Life Insurance
Reinsured risk
Percentage of risk reinsured			50%		90%
RiverSource Life of NY | Long term care insurance
Reinsured risk
Percentage of risk reinsured		89%
Subsidiary | RiverSource Life Insurance Company | Fixed annuity life contingent liabilities
Reinsured risk
Percentage of risk reinsured	100%

Reinsurance - Effect of Reinsur

Reinsurance - Effect of Reinsurance - Traditional Long Duration Contracts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Earned premiums
Net premiums	$ 448	$ 306	[1]	$ (871)	[1]
Traditional and universal life insurance policies
Life insurance policies In force
Insurance policies in force, gross	198,800	198,900
Insurance policies in force, reinsured	144,700	146,200
Traditional long-duration contracts
Earned premiums
Direct premiums	674	530		490
Reinsurance ceded	(226)	(224)		(1,361)
Net premiums	$ 448	$ 306		$ (871)
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Reinsurance - Non-Traditional L

Reinsurance - Non-Traditional Long-Duration Contracts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Non-traditional long-duration products
Reinsurance
Reinsurance ceded	$ 180	$ 165	$ 152

Reinsurance - Recoverables and

Reinsurance - Recoverables and Claims (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reinsurance
Claims recovered through reinsurance	$ 438	$ 435	$ 404
Liability for assumed reinsurance arrangements	376	388
Long term care insurance
Reinsurance
Reinsurance recoverable related to LTC risk ceded to Genworth	$ 2,800	$ 2,700

Policyholder Account Balances_3

Policyholder Account Balances, Future Policy Benefits and Claims - Composition (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Policyholder account balances
Policyholder account balances	$ 27,947	$ 24,986	$ 23,723
Future policy benefits
Reserve for future policy benefits	7,763	7,495	$ 9,721
Deferred profit liability	81	62
Additional liabilities for insurance guarantees	1,321	1,186
Other insurance and annuity liabilities	213	177
Total future policy benefits	9,378	8,920		$ 10,386
Policy claims and other policyholders’ funds	210	216
Total policyholder account balances, future policy benefits and claims	$ 37,535	$ 34,122

Policyholder Account Balances_4

Policyholder Account Balances, Future Policy Benefits and Claims - Balance of and Changes in Policyholder Account Balances (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Policyholder Account Balance [Roll Forward]
Beginning balance	$ 24,986	$ 23,723
Contract deposits	3,884	3,620
Policy charges	(401)	(393)
Surrenders and other benefits	(2,382)	(1,619)
Net transfer from (to) separate account liabilities	(132)	(162)
Other variable account adjustments	1,403	(791)
Interest credited	589	608
Ending balance	27,947	24,986
Variable Annuities
Policyholder Account Balance [Roll Forward]
Beginning balance	4,752	4,972
Contract deposits	73	146
Policy charges	(10)	(8)
Surrenders and other benefits	(759)	(450)
Net transfer from (to) separate account liabilities	(25)	(60)
Other variable account adjustments	0	0
Interest credited	142	152
Ending balance	$ 4,173	$ 4,752
Weighted-average crediting rate	3.30%	3.20%
Cash surrender value	$ 4,146	$ 4,720
Structured Variable Annuities
Policyholder Account Balance [Roll Forward]
Beginning balance	6,410	4,458
Contract deposits	3,084	2,784
Policy charges	0	0
Surrenders and other benefits	(156)	(41)
Net transfer from (to) separate account liabilities	0	0
Other variable account adjustments	1,403	(791)
Interest credited	1	0
Ending balance	$ 10,742	$ 6,410
Weighted-average crediting rate	1.80%	1.10%
Cash surrender value	$ 10,129	$ 5,986
Fixed Annuities
Policyholder Account Balance [Roll Forward]
Beginning balance	6,799	7,251
Contract deposits	47	55
Policy charges	0	0
Surrenders and other benefits	(1,086)	(744)
Net transfer from (to) separate account liabilities	0	0
Other variable account adjustments	0	0
Interest credited	222	237
Ending balance	$ 5,982	$ 6,799
Weighted-average crediting rate	3.60%	3.50%
Cash surrender value	$ 5,974	$ 6,786
Fixed Indexed Annuities
Policyholder Account Balance [Roll Forward]
Beginning balance	312	323
Contract deposits	0	0
Policy charges	0	0
Surrenders and other benefits	(10)	(17)
Net transfer from (to) separate account liabilities	0	0
Other variable account adjustments	0	0
Interest credited	5	6
Ending balance	$ 307	$ 312
Weighted-average crediting rate	2%	1.90%
Cash surrender value	$ 278	$ 277
Non-Life Contingent Payout Annuities
Policyholder Account Balance [Roll Forward]
Beginning balance	471	527
Contract deposits	91	53
Policy charges	0	0
Surrenders and other benefits	(127)	(124)
Net transfer from (to) separate account liabilities	0	0
Other variable account adjustments	0	0
Interest credited	9	15
Ending balance	444	471
Universal Life Insurance
Policyholder Account Balance [Roll Forward]
Beginning balance	1,544	1,602
Contract deposits	123	134
Policy charges	(176)	(178)
Surrenders and other benefits	(69)	(67)
Net transfer from (to) separate account liabilities	0	0
Other variable account adjustments	0	0
Interest credited	52	53
Ending balance	$ 1,474	$ 1,544
Weighted-average crediting rate	3.60%	3.60%
Net amount at risk	$ 8,740	$ 9,187
Cash surrender value	1,330	1,382
Variable Universal Life Insurance
Policyholder Account Balance [Roll Forward]
Beginning balance	1,520	1,493
Contract deposits	272	233
Policy charges	(94)	(91)
Surrenders and other benefits	(78)	(70)
Net transfer from (to) separate account liabilities	(107)	(102)
Other variable account adjustments	0	0
Interest credited	56	57
Ending balance	$ 1,569	$ 1,520
Weighted-average crediting rate	3.90%	3.90%
Net amount at risk	$ 57,291	$ 57,354
Cash surrender value	1,065	1,054
IUL insurance
Policyholder Account Balance [Roll Forward]
Beginning balance	2,654	2,534
Contract deposits	193	218
Policy charges	(121)	(116)
Surrenders and other benefits	(53)	(50)
Net transfer from (to) separate account liabilities	0	0
Other variable account adjustments	0	0
Interest credited	82	68
Ending balance	$ 2,755	$ 2,654
Weighted-average crediting rate	2%	2%
Net amount at risk	$ 14,407	$ 15,043
Cash surrender value	2,271	2,148
Other Life Insurance
Policyholder Account Balance [Roll Forward]
Beginning balance	524	563
Contract deposits	1	(3)
Policy charges	0	0
Surrenders and other benefits	(44)	(56)
Net transfer from (to) separate account liabilities	0	0
Other variable account adjustments	0	0
Interest credited	20	20
Ending balance	$ 501	$ 524
Weighted-average crediting rate	4%	4%
Net amount at risk	$ 141	$ 149
Cash surrender value	$ 326	$ 348

Policyholder Account Balances_5

Policyholder Account Balances, Future Policy Benefits and Claims - Account Balances by Guaranteed Minimum Interest Rates (Details) $ in Millions	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 27,947	$ 24,986	$ 23,723
Percentage of total account values that reset in:
Next 12 months	99.90%	99.60%
Greater than 12 months to 24 months	0.10%	0.30%
Greater than 24 months	0%	0.10%
Total	100%	100%
At Guaranteed Minimum
Percentage of total account values that reset in:
Next 12 months	99.90%	99.80%
Greater than 12 months to 24 months	0.10%	0.10%
Greater than 24 months	0%	0.10%
Total	100%	100%
1-49 bps above Guaranteed Minimum
Percentage of total account values that reset in:
Next 12 months	99.50%	96.30%
Greater than 12 months to 24 months	0.50%	3%
Greater than 24 months	0%	0.70%
Total	100%	100%
1-49 bps above Guaranteed Minimum | Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance, above guaranteed minimum crediting rate	0.0001	0.0001
1-49 bps above Guaranteed Minimum | Maximum
Policyholder Account Balance [Line Items]
Policyholder account balance, above guaranteed minimum crediting rate	0.0049	0.0049
50-99 bps above Guaranteed Minimum
Percentage of total account values that reset in:
Next 12 months	99.30%	93.80%
Greater than 12 months to 24 months	0.60%	5.80%
Greater than 24 months	0.10%	0.40%
Total	100%	100%
50-99 bps above Guaranteed Minimum | Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance, above guaranteed minimum crediting rate	0.0050	0.0050
50-99 bps above Guaranteed Minimum | Maximum
Policyholder Account Balance [Line Items]
Policyholder account balance, above guaranteed minimum crediting rate	0.0099	0.0099
100-150 bps above Guaranteed Minimum
Percentage of total account values that reset in:
Next 12 months	100%	100%
Greater than 12 months to 24 months	0%	0%
Greater than 24 months	0%	0%
Total	100%	100%
100-150 bps above Guaranteed Minimum | Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance, above guaranteed minimum crediting rate	0.0100	0.0100
100-150 bps above Guaranteed Minimum | Maximum
Policyholder Account Balance [Line Items]
Policyholder account balance, above guaranteed minimum crediting rate	0.0150	0.0150
Greater than 150 bps above Guaranteed Minimum
Percentage of total account values that reset in:
Next 12 months	100%	100%
Greater than 12 months to 24 months	0%	0%
Greater than 24 months	0%	0%
Total	100%	100%
Greater than 150 bps above Guaranteed Minimum | Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance, above guaranteed minimum crediting rate	0.0150	0.0150
Total
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 12,848	$ 14,344
Total | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	11,836	13,582
Total | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	571	519
Total | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	272	170
Total | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	135	52
Total | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	34	21
Fixed accounts of variable annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	4,110	4,689
Fixed accounts of variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	3,908	4,568
Fixed accounts of variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	132	102
Fixed accounts of variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	52	18
Fixed accounts of variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	16	1
Fixed accounts of variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2	0
Fixed accounts of structured variable annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	39	23
Fixed accounts of structured variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	12	12
Fixed accounts of structured variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	18	7
Fixed accounts of structured variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	7	3
Fixed accounts of structured variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2	1
Fixed accounts of structured variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
Fixed annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	5,967	6,781
Fixed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	5,298	6,204
Fixed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	392	402
Fixed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	184	132
Fixed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	93	33
Fixed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	10
Non-indexed accounts of fixed indexed annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	22	25
Non-indexed accounts of fixed indexed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	1
Non-indexed accounts of fixed indexed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2	3
Non-indexed accounts of fixed indexed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	7	7
Non-indexed accounts of fixed indexed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	13	14
Non-indexed accounts of fixed indexed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
Universal life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,445	1,513
Universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1,423	1,509
Universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	5	1
Universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	13	3
Universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	4	0
Universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
Fixed accounts of variable universal life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	810	838
Fixed accounts of variable universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	742	816
Fixed accounts of variable universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	22	4
Fixed accounts of variable universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	7	4
Fixed accounts of variable universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	7	3
Fixed accounts of variable universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	32	11
Non-indexed accounts of indexed universal life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	130	129
Non-indexed accounts of indexed universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	128	126
Non-indexed accounts of indexed universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
Non-indexed accounts of indexed universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2	3
Non-indexed accounts of indexed universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
Non-indexed accounts of indexed universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
Other life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	325	346
Other life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	325	346
Other life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
Other life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
Other life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
Other life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
1% - 1.99% | Total
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,085	$ 1,395
1% - 1.99% | Total | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Total | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Total | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 151	$ 646
1% - 1.99% | Total | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	530	517
1% - 1.99% | Total | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	255	165
1% - 1.99% | Total | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	123	48
1% - 1.99% | Total | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	26	19
1% - 1.99% | Fixed accounts of variable annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 243	$ 289
1% - 1.99% | Fixed accounts of variable annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Fixed accounts of variable annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Fixed accounts of variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 43	$ 169
1% - 1.99% | Fixed accounts of variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	131	102
1% - 1.99% | Fixed accounts of variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	52	18
1% - 1.99% | Fixed accounts of variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	15	0
1% - 1.99% | Fixed accounts of variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2	0
1% - 1.99% | Fixed accounts of structured variable annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 28	$ 23
1% - 1.99% | Fixed accounts of structured variable annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Fixed accounts of structured variable annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Fixed accounts of structured variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1	$ 12
1% - 1.99% | Fixed accounts of structured variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	18	7
1% - 1.99% | Fixed accounts of structured variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	7	3
1% - 1.99% | Fixed accounts of structured variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2	1
1% - 1.99% | Fixed accounts of structured variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
1% - 1.99% | Fixed annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 760	$ 1,037
1% - 1.99% | Fixed annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Fixed annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Fixed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 107	$ 460
1% - 1.99% | Fixed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	377	402
1% - 1.99% | Fixed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	183	132
1% - 1.99% | Fixed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	93	33
1% - 1.99% | Fixed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	10
1% - 1.99% | Non-indexed accounts of fixed indexed annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 22	$ 25
1% - 1.99% | Non-indexed accounts of fixed indexed annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Non-indexed accounts of fixed indexed annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Non-indexed accounts of fixed indexed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 1
1% - 1.99% | Non-indexed accounts of fixed indexed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2	3
1% - 1.99% | Non-indexed accounts of fixed indexed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	7	7
1% - 1.99% | Non-indexed accounts of fixed indexed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	13	14
1% - 1.99% | Non-indexed accounts of fixed indexed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
1% - 1.99% | Universal life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
1% - 1.99% | Universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
1% - 1.99% | Universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
1% - 1.99% | Universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
1% - 1.99% | Universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
1% - 1.99% | Universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
1% - 1.99% | Fixed accounts of variable universal life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 30	$ 18
1% - 1.99% | Fixed accounts of variable universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Fixed accounts of variable universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Fixed accounts of variable universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 4
1% - 1.99% | Fixed accounts of variable universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2	3
1% - 1.99% | Fixed accounts of variable universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	4	2
1% - 1.99% | Fixed accounts of variable universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
1% - 1.99% | Fixed accounts of variable universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	24	9
1% - 1.99% | Non-indexed accounts of indexed universal life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2	$ 3
1% - 1.99% | Non-indexed accounts of indexed universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Non-indexed accounts of indexed universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Non-indexed accounts of indexed universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
1% - 1.99% | Non-indexed accounts of indexed universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
1% - 1.99% | Non-indexed accounts of indexed universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2	3
1% - 1.99% | Non-indexed accounts of indexed universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
1% - 1.99% | Non-indexed accounts of indexed universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
1% - 1.99% | Other life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
1% - 1.99% | Other life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Other life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Other life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
1% - 1.99% | Other life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
1% - 1.99% | Other life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
1% - 1.99% | Other life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
1% - 1.99% | Other life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Total
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 425	$ 461
2% - 2.99% | Total | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Total | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Total | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 376	$ 455
2% - 2.99% | Total | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	30	0
2% - 2.99% | Total | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	10	2
2% - 2.99% | Total | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1	2
2% - 2.99% | Total | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	8	2
2% - 2.99% | Fixed accounts of variable annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 138	$ 177
2% - 2.99% | Fixed accounts of variable annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Fixed accounts of variable annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Fixed accounts of variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 137	$ 177
2% - 2.99% | Fixed accounts of variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1	0
2% - 2.99% | Fixed accounts of variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Fixed accounts of variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Fixed accounts of variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Fixed accounts of structured variable annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 11	$ 0
2% - 2.99% | Fixed accounts of structured variable annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Fixed accounts of structured variable annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Fixed accounts of structured variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 11	$ 0
2% - 2.99% | Fixed accounts of structured variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Fixed accounts of structured variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Fixed accounts of structured variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Fixed accounts of structured variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Fixed annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 51	$ 67
2% - 2.99% | Fixed annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Fixed annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Fixed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 36	$ 67
2% - 2.99% | Fixed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	14	0
2% - 2.99% | Fixed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1	0
2% - 2.99% | Fixed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Fixed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Non-indexed accounts of fixed indexed annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
2% - 2.99% | Non-indexed accounts of fixed indexed annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Non-indexed accounts of fixed indexed annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Non-indexed accounts of fixed indexed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
2% - 2.99% | Non-indexed accounts of fixed indexed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Non-indexed accounts of fixed indexed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Non-indexed accounts of fixed indexed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Non-indexed accounts of fixed indexed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Universal life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 63	$ 56
2% - 2.99% | Universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 51	$ 55
2% - 2.99% | Universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	3	0
2% - 2.99% | Universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	9	1
2% - 2.99% | Universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Fixed accounts of variable universal life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 34	$ 35
2% - 2.99% | Fixed accounts of variable universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Fixed accounts of variable universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Fixed accounts of variable universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 13	$ 30
2% - 2.99% | Fixed accounts of variable universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	12	0
2% - 2.99% | Fixed accounts of variable universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	1
2% - 2.99% | Fixed accounts of variable universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1	2
2% - 2.99% | Fixed accounts of variable universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	8	2
2% - 2.99% | Non-indexed accounts of indexed universal life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 128	$ 126
2% - 2.99% | Non-indexed accounts of indexed universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Non-indexed accounts of indexed universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Non-indexed accounts of indexed universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 128	$ 126
2% - 2.99% | Non-indexed accounts of indexed universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Non-indexed accounts of indexed universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Non-indexed accounts of indexed universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Non-indexed accounts of indexed universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Other life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
2% - 2.99% | Other life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Other life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Other life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
2% - 2.99% | Other life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Other life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Other life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
2% - 2.99% | Other life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Total
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 6,058	$ 7,013
3% - 3.99% | Total | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Total | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Total | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 6,036	$ 7,006
3% - 3.99% | Total | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	4	2
3% - 3.99% | Total | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	7	3
3% - 3.99% | Total | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	11	2
3% - 3.99% | Total | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Fixed accounts of variable annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,215	$ 2,612
3% - 3.99% | Fixed accounts of variable annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Fixed accounts of variable annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Fixed accounts of variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,214	$ 2,611
3% - 3.99% | Fixed accounts of variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Fixed accounts of variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Fixed accounts of variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1	1
3% - 3.99% | Fixed accounts of variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Fixed accounts of structured variable annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
3% - 3.99% | Fixed accounts of structured variable annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Fixed accounts of structured variable annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Fixed accounts of structured variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
3% - 3.99% | Fixed accounts of structured variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Fixed accounts of structured variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Fixed accounts of structured variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Fixed accounts of structured variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Fixed annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,817	$ 3,344
3% - 3.99% | Fixed annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Fixed annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Fixed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,816	$ 3,344
3% - 3.99% | Fixed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1	0
3% - 3.99% | Fixed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Fixed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Fixed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Non-indexed accounts of fixed indexed annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
3% - 3.99% | Non-indexed accounts of fixed indexed annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Non-indexed accounts of fixed indexed annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Non-indexed accounts of fixed indexed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
3% - 3.99% | Non-indexed accounts of fixed indexed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Non-indexed accounts of fixed indexed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Non-indexed accounts of fixed indexed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Non-indexed accounts of fixed indexed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Universal life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 863	$ 888
3% - 3.99% | Universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 854	$ 885
3% - 3.99% | Universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1	1
3% - 3.99% | Universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	4	2
3% - 3.99% | Universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	4	0
3% - 3.99% | Universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Fixed accounts of variable universal life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 133	$ 137
3% - 3.99% | Fixed accounts of variable universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Fixed accounts of variable universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Fixed accounts of variable universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 122	$ 134
3% - 3.99% | Fixed accounts of variable universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	2	1
3% - 3.99% | Fixed accounts of variable universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	3	1
3% - 3.99% | Fixed accounts of variable universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	6	1
3% - 3.99% | Fixed accounts of variable universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Non-indexed accounts of indexed universal life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
3% - 3.99% | Non-indexed accounts of indexed universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Non-indexed accounts of indexed universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Non-indexed accounts of indexed universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
3% - 3.99% | Non-indexed accounts of indexed universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Non-indexed accounts of indexed universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Non-indexed accounts of indexed universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Non-indexed accounts of indexed universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Other life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 30	$ 32
3% - 3.99% | Other life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Other life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Other life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 30	$ 32
3% - 3.99% | Other life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Other life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Other life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
3% - 3.99% | Other life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Total
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 5,280	$ 5,475
4% - 5.00% | Total | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Total | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Total | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 5,273	$ 5,475
4% - 5.00% | Total | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	7	0
4% - 5.00% | Total | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Total | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Total | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Fixed accounts of variable annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,514	$ 1,611
4% - 5.00% | Fixed accounts of variable annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Fixed accounts of variable annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Fixed accounts of variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 1,514	$ 1,611
4% - 5.00% | Fixed accounts of variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Fixed accounts of variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Fixed accounts of variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Fixed accounts of variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Fixed accounts of structured variable annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
4% - 5.00% | Fixed accounts of structured variable annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Fixed accounts of structured variable annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Fixed accounts of structured variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
4% - 5.00% | Fixed accounts of structured variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Fixed accounts of structured variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Fixed accounts of structured variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Fixed accounts of structured variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Fixed annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,339	$ 2,333
4% - 5.00% | Fixed annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Fixed annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Fixed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 2,339	$ 2,333
4% - 5.00% | Fixed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Fixed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Fixed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Fixed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Non-indexed accounts of fixed indexed annuities
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
4% - 5.00% | Non-indexed accounts of fixed indexed annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Non-indexed accounts of fixed indexed annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Non-indexed accounts of fixed indexed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
4% - 5.00% | Non-indexed accounts of fixed indexed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Non-indexed accounts of fixed indexed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Non-indexed accounts of fixed indexed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Non-indexed accounts of fixed indexed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Universal life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 519	$ 569
4% - 5.00% | Universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 518	$ 569
4% - 5.00% | Universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	1	0
4% - 5.00% | Universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Fixed accounts of variable universal life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 613	$ 648
4% - 5.00% | Fixed accounts of variable universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Fixed accounts of variable universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Fixed accounts of variable universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 607	$ 648
4% - 5.00% | Fixed accounts of variable universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	6	0
4% - 5.00% | Fixed accounts of variable universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Fixed accounts of variable universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Fixed accounts of variable universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Non-indexed accounts of indexed universal life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
4% - 5.00% | Non-indexed accounts of indexed universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Non-indexed accounts of indexed universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Non-indexed accounts of indexed universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0
4% - 5.00% | Non-indexed accounts of indexed universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Non-indexed accounts of indexed universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Non-indexed accounts of indexed universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Non-indexed accounts of indexed universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Other life insurance
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 295	$ 314
4% - 5.00% | Other life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Other life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Other life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 295	$ 314
4% - 5.00% | Other life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Other life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Other life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	0	0
4% - 5.00% | Other life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Account Values with Crediting Rates	$ 0	$ 0

Policyholder Account Balances_6

Policyholder Account Balances, Future Policy Benefits and Claims - Balances of and Changes in Liability for Future Policy Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 9,378	$ 8,920		$ 10,386
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	2,027	2,512	$ 2,771
Beginning balance at original discount rate	2,065	2,111	2,217
Effect of changes in cash flow assumptions		(19)	54	(6)
Effect of actual variances from expected experience		(23)	(23)	(40)
Adjusted beginning of year balance		2,023	2,142	2,171
Issuances	244	111	134
Interest accrual	101	106	111
Net premiums collected	(418)	(294)	(305)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	1,950	2,065	2,111
Effect of changes in discount rate assumptions	3	(38)	401
Ending balance	1,953	2,027	2,512
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	9,519	12,232	13,157
Beginning balance at original discount rate	9,706	9,769	9,920
Effect of changes in cash flow assumptions		(34)	35	(8)
Effect of actual variances from expected experience		(35)	(25)	(120)
Adjusted beginning of year balance		9,637	9,779	9,792
Issuances	244	111	135
Interest accrual	489	496	509
Benefit payments	(729)	(680)	(667)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	9,641	9,706	9,769
Effect of changes in discount rate assumptions	70	(187)	2,463
Ending balance	9,711	9,519	12,232
Adjustment due to reserve flooring	5	3	1
Net liability for future policy benefits	7,763	7,495	9,721
Less: reinsurance recoverable	4,080	4,060	5,291	4,248
Net liability for future policy benefits, after reinsurance recoverable	3,683	3,435	4,430	6,138
Discounted expected future gross premiums	3,993	4,162	4,786
Expected future gross premiums	5,993	6,422	6,115
Expected future benefit payments	15,810	16,227	16,651
As Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				8,448
Effect of shadow reserve adjustments
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				(741)
Adjustments for loss contracts (with premiums in excess of gross premiums) under the modified retrospective approach
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				39
Effect of change in deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				(43)
Effect of remeasurement of the liability at the current single A rate
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				2,683
Life Contingent Payout Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Balance				1,537
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	0	0	0
Beginning balance at original discount rate	0	0	0
Effect of changes in cash flow assumptions		0	0	0
Effect of actual variances from expected experience		0	0	0
Adjusted beginning of year balance		0	0	0
Issuances	177	42	38
Interest accrual	1	0	0
Net premiums collected	(178)	(42)	(38)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	0	0	0
Effect of changes in discount rate assumptions	0	0	0
Ending balance	0	0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	1,065	1,370	1,537
Beginning balance at original discount rate	1,155	1,231	1,321
Effect of changes in cash flow assumptions		0	0	0
Effect of actual variances from expected experience		(10)	(13)	(14)
Adjusted beginning of year balance		1,145	1,218	1,307
Issuances	177	42	39
Interest accrual	50	49	53
Benefit payments	(150)	(154)	(168)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	1,222	1,155	1,231
Effect of changes in discount rate assumptions	(58)	(90)	139
Ending balance	1,164	1,065	1,370
Adjustment due to reserve flooring	0	0	0
Net liability for future policy benefits	1,164	1,065	1,370
Less: reinsurance recoverable	880	949	1,265	0
Net liability for future policy benefits, after reinsurance recoverable	284	116	105	1,537
Discounted expected future gross premiums	0	0	0
Expected future gross premiums	0	0	0
Expected future benefit payments	$ 1,726	$ 1,595	$ 1,707
Weighted average interest accretion rate	4.20%	4.10%	4.20%
Weighted average discount rate	4.90%	5.20%	2.60%
Weighted average duration of liability (in years)	7 years	6 years	7 years
Life Contingent Payout Annuities | As Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				1,536
Life Contingent Payout Annuities | Effect of shadow reserve adjustments
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				(175)
Life Contingent Payout Annuities | Adjustments for loss contracts (with premiums in excess of gross premiums) under the modified retrospective approach
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				4
Life Contingent Payout Annuities | Effect of change in deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				(43)
Life Contingent Payout Annuities | Effect of remeasurement of the liability at the current single A rate
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				215
Term and Whole Life Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Balance				898
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	$ 686	$ 777	$ 702
Beginning balance at original discount rate	708	636	536
Effect of changes in cash flow assumptions		(19)	1	0
Effect of actual variances from expected experience		(2)	47	56
Adjusted beginning of year balance		687	684	592
Issuances	55	57	78
Interest accrual	36	34	29
Net premiums collected	(70)	(67)	(63)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	708	708	636
Effect of changes in discount rate assumptions	(5)	(22)	141
Ending balance	703	686	777
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	1,319	1,598	1,600
Beginning balance at original discount rate	1,313	1,255	1,169
Effect of changes in cash flow assumptions		(18)	(8)	0
Effect of actual variances from expected experience		(1)	52	58
Adjusted beginning of year balance		1,294	1,299	1,227
Issuances	56	57	78
Interest accrual	73	73	70
Benefit payments	(132)	(116)	(120)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	1,291	1,313	1,255
Effect of changes in discount rate assumptions	34	6	343
Ending balance	1,325	1,319	1,598
Adjustment due to reserve flooring	5	3	1
Net liability for future policy benefits	627	636	822
Less: reinsurance recoverable	440	443	558	601
Net liability for future policy benefits, after reinsurance recoverable	187	193	264	297
Discounted expected future gross premiums	1,764	1,855	2,005
Expected future gross premiums	2,938	3,183	2,815
Expected future benefit payments	$ 2,166	$ 2,234	$ 2,159
Weighted average interest accretion rate	6.20%	6.40%	6.50%
Weighted average discount rate	5.10%	5.50%	2.80%
Weighted average duration of liability (in years)	7 years	7 years	8 years
Term and Whole Life Insurance | As Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				633
Term and Whole Life Insurance | Effect of shadow reserve adjustments
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				0
Term and Whole Life Insurance | Adjustments for loss contracts (with premiums in excess of gross premiums) under the modified retrospective approach
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				0
Term and Whole Life Insurance | Effect of change in deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				0
Term and Whole Life Insurance | Effect of remeasurement of the liability at the current single A rate
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				265
Disability Income Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Balance				768
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	$ 134	$ 188	$ 238
Beginning balance at original discount rate	137	155	183
Effect of changes in cash flow assumptions		(19)	1	0
Effect of actual variances from expected experience		(18)	(22)	(35)
Adjusted beginning of year balance		100	134	148
Issuances	12	12	18
Interest accrual	5	7	9
Net premiums collected	(12)	(16)	(20)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	105	137	155
Effect of changes in discount rate assumptions	(1)	(3)	33
Ending balance	104	134	188
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	696	914	1,006
Beginning balance at original discount rate	669	688	714
Effect of changes in cash flow assumptions		(25)	1	0
Effect of actual variances from expected experience		(29)	(28)	(40)
Adjusted beginning of year balance		615	661	674
Issuances	11	12	18
Interest accrual	37	38	39
Benefit payments	(42)	(42)	(43)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	621	669	688
Effect of changes in discount rate assumptions	40	27	226
Ending balance	661	696	914
Adjustment due to reserve flooring	0	0	0
Net liability for future policy benefits	557	562	726
Less: reinsurance recoverable	22	19	25	24
Net liability for future policy benefits, after reinsurance recoverable	535	543	701	744
Discounted expected future gross premiums	904	926	1,158
Expected future gross premiums	1,269	1,331	1,395
Expected future benefit payments	$ 1,068	$ 1,169	$ 1,217
Weighted average interest accretion rate	6.10%	6.10%	5.90%
Weighted average discount rate	5.10%	5.40%	2.80%
Weighted average duration of liability (in years)	8 years	8 years	9 years
Disability Income Insurance | As Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				530
Disability Income Insurance | Effect of shadow reserve adjustments
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				0
Disability Income Insurance | Adjustments for loss contracts (with premiums in excess of gross premiums) under the modified retrospective approach
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				0
Disability Income Insurance | Effect of change in deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				0
Disability Income Insurance | Effect of remeasurement of the liability at the current single A rate
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				238
Long Term Care Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Balance				7,183
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	$ 1,207	$ 1,547	$ 1,831
Beginning balance at original discount rate	1,220	1,320	1,498
Effect of changes in cash flow assumptions		19	52	(6)
Effect of actual variances from expected experience		(3)	(48)	(61)
Adjusted beginning of year balance		1,236	1,324	1,431
Issuances	0	0	0
Interest accrual	59	65	73
Net premiums collected	(158)	(169)	(184)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	1,137	1,220	1,320
Effect of changes in discount rate assumptions	9	(13)	227
Ending balance	1,146	1,207	1,547
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	6,439	8,350	9,014
Beginning balance at original discount rate	6,569	6,595	6,716
Effect of changes in cash flow assumptions		9	42	(8)
Effect of actual variances from expected experience		5	(36)	(124)
Adjusted beginning of year balance		6,583	6,601	6,584
Issuances	0	0	0
Interest accrual	329	336	347
Benefit payments	(405)	(368)	(336)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	6,507	6,569	6,595
Effect of changes in discount rate assumptions	54	(130)	1,755
Ending balance	6,561	6,439	8,350
Adjustment due to reserve flooring	0	0	0
Net liability for future policy benefits	5,415	5,232	6,803
Less: reinsurance recoverable	2,738	2,649	3,443	3,623
Net liability for future policy benefits, after reinsurance recoverable	2,677	2,583	3,360	3,560
Discounted expected future gross premiums	1,325	1,381	1,623
Expected future gross premiums	1,786	1,908	1,905
Expected future benefit payments	$ 10,850	$ 11,229	$ 11,568
Weighted average interest accretion rate	5%	5.20%	5.30%
Weighted average discount rate	5.10%	5.40%	2.90%
Weighted average duration of liability (in years)	8 years	9 years	10 years
Long Term Care Insurance | As Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				5,749
Long Term Care Insurance | Effect of shadow reserve adjustments
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				(566)
Long Term Care Insurance | Adjustments for loss contracts (with premiums in excess of gross premiums) under the modified retrospective approach
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				35
Long Term Care Insurance | Effect of change in deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				0
Long Term Care Insurance | Effect of remeasurement of the liability at the current single A rate
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				$ 1,965

Policyholder Account Balances_7

Policyholder Account Balances, Future Policy Benefits and Claims - Additional Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance	$ 1,186	$ 1,242
Interest accrual	41	38
Benefit accrual	138	116
Benefit payments	(72)	(61)
Effect of actual variances from expected experience		(4)	$ (19)
Impact of change in net unrealized (gains) losses on securities	32	(130)
Ending balance	1,321	1,186
Universal Life Insurance
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance	1,100	1,120
Interest accrual	35	32
Benefit accrual	128	108
Benefit payments	(50)	(43)
Effect of actual variances from expected experience		(13)	(19)
Impact of change in net unrealized (gains) losses on securities	25	(98)
Ending balance	$ 1,225	$ 1,100
Weighed average interest accretion rate	3%	2.90%
Weighted average discount rate	3.20%	3.20%
Weighted average duration of reserves (in years)	10 years	10 years
Variable Universal Life Insurance
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance	$ 74	$ 76
Interest accrual	5	5
Benefit accrual	8	8
Benefit payments	(18)	(14)
Effect of actual variances from expected experience		11	2
Impact of change in net unrealized (gains) losses on securities	1	(3)
Ending balance	$ 81	$ 74
Weighed average interest accretion rate	6.90%	7%
Weighted average discount rate	7.10%	7.10%
Weighted average duration of reserves (in years)	8 years	8 years
Other life insurance
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance	$ 12	$ 46
Interest accrual	1	1
Benefit accrual	2	0
Benefit payments	(4)	(4)
Effect of actual variances from expected experience		(2)	$ (2)
Impact of change in net unrealized (gains) losses on securities	6	(29)
Ending balance	$ 15	$ 12
Weighed average interest accretion rate	4%	4.10%
Weighted average discount rate	4%	4%
Weighted average duration of reserves (in years)	6 years	6 years

Policyholder Account Balances_8

Policyholder Account Balances, Future Policy Benefits and Claims - Amounts Recognized in Statements of Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	$ 674	$ 530	$ 528
Interest Expense	388	390	398
Life contingent payout annuities
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	196	45	39
Interest Expense	49	49	53
Term and whole life insurance
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	169	169	166
Interest Expense	37	39	41
Disability Income Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	124	127	131
Interest Expense	32	31	30
Long term care insurance
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	185	189	192
Interest Expense	$ 270	$ 271	$ 274

Policyholder Account Balances_9

Policyholder Account Balances, Future Policy Benefits and Claims - Change in Unearned Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred Income [Roll Forward]
Beginning balance	$ 410	$ 333	$ 263
Deferral of revenue	112	104	92
Amortization	(33)	(27)	(22)
Ending balance	489	410	333
Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance	27	26	24
Deferral of revenue	1	2	3
Amortization	(1)	(1)	(1)
Ending balance	27	27	26
Variable Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance	150	112	86
Deferral of revenue	59	48	34
Amortization	(13)	(10)	(8)
Ending balance	196	150	112
IUL insurance
Deferred Income [Roll Forward]
Beginning balance	233	195	153
Deferral of revenue	52	54	55
Amortization	(19)	(16)	(13)
Ending balance	$ 266	$ 233	195
As Reported
Deferred Income [Roll Forward]
Beginning balance			95
As Reported | Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance			19
As Reported | Variable Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance			76
As Reported | IUL insurance
Deferred Income [Roll Forward]
Beginning balance			0
Adjustment
Deferred Income [Roll Forward]
Beginning balance			168
Adjustment | Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance			5
Adjustment | Variable Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance			10
Adjustment | IUL insurance
Deferred Income [Roll Forward]
Beginning balance			$ 153

Separate Account Assets and L_3

Separate Account Assets and Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022
Separate Account, Liability [Roll Forward]
Beginning balance	$ 70,876	[1]	$ 92,238
Premiums and deposits	1,294		1,492
Policy charges	(1,635)		(1,674)
Surrenders and other benefits	(5,695)		(5,209)
Investment return	9,727		(16,104)
Net transfer from (to) general account	67		133
Ending balance	74,634		70,876	[1]
Cash surrender value	72,543		68,661
Variable Annuities
Separate Account, Liability [Roll Forward]
Beginning balance	63,223		82,862
Premiums and deposits	835		1,067
Policy charges	(1,343)		(1,396)
Surrenders and other benefits	(5,378)		(4,923)
Investment return	8,477		(14,450)
Net transfer from (to) general account	25		63
Ending balance	65,839		63,223
Cash surrender value	64,280		61,461
Variable Universal Life
Separate Account, Liability [Roll Forward]
Beginning balance	7,653		9,376
Premiums and deposits	459		425
Policy charges	(292)		(278)
Surrenders and other benefits	(317)		(286)
Investment return	1,250		(1,654)
Net transfer from (to) general account	42		70
Ending balance	8,795		7,653
Cash surrender value	$ 8,263		$ 7,200
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Market Risk Benefits - Balances

Market Risk Benefits - Balances of and Changes in Market Risk Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Market Risk Benefit [Roll Forward]
Beginning balance	$ 1,103	$ 2,901		$ 4,829
Issuances	17	27		45
Interest accrual and time decay	(53)	(237)		(294)
Reserve increase from attributed fees collected	788	810		819
Reserve release for benefit payments and derecognition	(35)	(29)		(8)
Effect of changes in interest rates and bond markets	(367)	(4,193)		(1,053)
Effect of changes in equity markets and subaccount performance	(1,267)	2,258		(1,558)
Effect of changes in equity index volatility	(67)	205		73
Actual policyholder behavior different from expected behavior	5	17		52
Effect of changes in other future expected assumptions	128	(139)		123
Effect of changes in the instrument-specific credit risk on market risk benefits	83	(517)		(127)
Ending balance	335	1,103		2,901
Reconciliation of the gross balances in an asset or liability position:
Asset position	1,427	1,015	[1]	539
Liability position	(1,762)	(2,118)	[1]	(3,440)
Net asset (liability) position	$ (335)	$ (1,103)		$ (2,901)
Weighted average attained age of contractholders	69 years	68 years		68 years
Changes in unrealized (gains) losses in net income relating to liabilities held at end of period	$ (1,551)	$ (2,044)		$ (2,502)
Changes in unrealized (gains) losses in other comprehensive income relating to liabilities held at end of period	84	(505)		(102)
Death benefits
Reconciliation of the gross balances in an asset or liability position:
Guaranteed benefit amount in excess of current account balances (net amount at risk)	913	2,781		251
Living benefits
Reconciliation of the gross balances in an asset or liability position:
Guaranteed benefit amount in excess of current account balances (net amount at risk)	2,513	3,364		195
Composite (greater of)
Reconciliation of the gross balances in an asset or liability position:
Guaranteed benefit amount in excess of current account balances (net amount at risk)	$ 3,308	5,830		441
As Reported
Market Risk Benefit [Roll Forward]
Beginning balance				3,084
Reconciliation of the gross balances in an asset or liability position:
Asset position		0		0
Liability position		$ 0		0
Net asset (liability) position
Effect of shadow reserve adjustments
Market Risk Benefit [Roll Forward]
Beginning balance				(3)
Reconciliation of the gross balances in an asset or liability position:
Net asset (liability) position
Adjustments for the cumulative effect of the changes in instrument-specific credit risk on market risk benefits between the original contract issuance date and the transition date
Market Risk Benefit [Roll Forward]
Beginning balance				670
Reconciliation of the gross balances in an asset or liability position:
Net asset (liability) position
Adjustments to the host contract for differences between previous carrying amount and fair value measurement for the market risk benefits under the option-based method of valuation
Market Risk Benefit [Roll Forward]
Beginning balance				20
Reconciliation of the gross balances in an asset or liability position:
Net asset (liability) position
Adjustments for the remaining difference (exclusive of the instrument-specific credit risk change and host contract adjustments) between previous carrying amount and fair value measurements for the market risk benefits
Market Risk Benefit [Roll Forward]
Beginning balance				$ 1,058
Reconciliation of the gross balances in an asset or liability position:
Net asset (liability) position
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Market Risk Benefits - Signific

Market Risk Benefits - Significant Inputs and Assumptions (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Market Risk Benefit [Line Items]
Market risk benefits	$ 335	$ 1,103	$ 2,901	$ 4,829
Utilization of guaranteed withdrawals
Market Risk Benefit [Line Items]
Increase (decrease) in net income from change in assumptions	(18)	(39)
Surrender rate
Market Risk Benefit [Line Items]
Increase (decrease) in net income from change in assumptions	$ (110)	(200)
Mortality rate
Market Risk Benefit [Line Items]
Increase (decrease) in net income from change in assumptions		$ (49)
Discounted cash flow | Nonperformance risk
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.0085	0.0095
Minimum | Discounted cash flow | Utilization of guaranteed withdrawals
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0	0
Minimum | Discounted cash flow | Surrender rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.003	0.002
Minimum | Discounted cash flow | Market volatility
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0	0
Minimum | Discounted cash flow | Mortality rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0	0
Maximum | Discounted cash flow | Utilization of guaranteed withdrawals
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.480	0.480
Maximum | Discounted cash flow | Surrender rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.750	0.456
Maximum | Discounted cash flow | Market volatility
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.252	0.266
Maximum | Discounted cash flow | Mortality rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.416	0.416
Weighted average | Discounted cash flow | Utilization of guaranteed withdrawals
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.116	0.110
Weighted average | Discounted cash flow | Surrender rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.037	0.036
Weighted average | Discounted cash flow | Market volatility
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.106	0.121
Weighted average | Discounted cash flow | Nonperformance risk
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.0085	0.0095
Weighted average | Discounted cash flow | Mortality rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.016	0.015

Debt - Short-term Borrowings (D

Debt - Short-term Borrowings (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Short-term borrowings
Amount of FHLB liability	$ 201	$ 201	[1]
RiverSource Life
Short-term borrowings
Amount of FHLB liability	$ 201	$ 201
RiverSource Life | Weighted average
Short-term borrowings
Interest rate on FHLB borrowings (as a percent)	5.60%	4.60%
RiverSource Life | Commercial mortgage backed securities
Short-term borrowings
Securities pledged as collateral for FHLB borrowings	$ 1,100	$ 962
RiverSource Life | Federal Home Loan Bank borrowings | Maximum
Short-term borrowings
Term, less than	3 months	3 months
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Debt - Lines of Credit (Details

Debt - Lines of Credit (Details) - Line of Credit - USD ($)	1 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Credit Facility 1
Line of Credit Facility [Line Items]
Maximum borrowing capacity, percent of statutory admitted assets		3%
Prepayment penalty		$ 0
Amounts outstanding		$ 0	$ 0
RiverSource Life of NY Revolving Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity, percent of statutory admitted assets		3%
Prepayment penalty		$ 0
Amounts outstanding		0	0
Maximum borrowing capacity		25,000,000
RTA Line of Credit Agreement
Line of Credit Facility [Line Items]
Prepayment penalty		0
Amounts outstanding		0	$ 0
Maximum borrowing capacity		$ 100,000,000
Adjusted Daily Simple SOFR | Credit Facility 1
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.10%

Debt - Long-Term Debt (Details)

Debt - Long-Term Debt (Details) - Ameriprise Financial - Unsecured surplus note due December 31, 2050 - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Debt
Long-term debt	$ 500	$ 500
Interest rate (as a percent)	3.50%

Fair Values of Assets and Lia_3

Fair Values of Assets and Liabilities - Recurring Basis (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Assets
Market risk benefits	$ 1,427	$ 1,015	[1]	$ 539
Separate account assets at NAV	74,634	70,876	[1]
Liabilities
Market risk benefits	1,762	2,118	[1]	$ 3,440
RiverSource Life
Assets
Total Available-for-Sale securities	19,374	16,135	[1]
RiverSource Life | Corporate debt securities
Assets
Total Available-for-Sale securities	10,735	8,706
RiverSource Life | Residential mortgage backed securities
Assets
Total Available-for-Sale securities	3,642	2,959
RiverSource Life | Commercial mortgage backed securities
Assets
Total Available-for-Sale securities	2,597	2,651
RiverSource Life | State and municipal obligations
Assets
Total Available-for-Sale securities	758	786
RiverSource Life | Asset backed securities
Assets
Total Available-for-Sale securities	1,531	997
RiverSource Life | Foreign government bonds and obligations
Assets
Total Available-for-Sale securities	12	35
RiverSource Life | U.S. government and agency obligations
Assets
Total Available-for-Sale securities	99	1
RiverSource Life | Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Cumulative increase (decrease) in embedded derivatives due to nonperformance	(195)	(139)
RiverSource Life | Level 3 | Corporate debt securities
Assets
Total Available-for-Sale securities	451	395
RiverSource Life | Level 3 | Asset backed securities
Assets
Total Available-for-Sale securities	555	545
RiverSource Life | Level 3 | Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives	51	48
RiverSource Life | Level 3 | Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities embedded derivatives	49	44
RiverSource Life | Level 3 | IUL embedded derivatives
Liabilities
Liabilities embedded derivatives	873	739
RiverSource Life | Level 3 | Structured variable annuity embedded derivatives
Liabilities
Liabilities embedded derivatives, net	1,011	(137)
RiverSource Life | Recurring basis
Assets
Total Available-for-Sale securities	19,374	16,135
Cash equivalents	2,570	2,592
Market risk benefits	1,427	1,015
Other assets: derivative contracts	5,217	3,007
Separate account assets at NAV	74,634	70,876
Total assets at fair value	103,273	93,673
Liabilities
Market risk benefits		2,118
Other liabilities: derivative contracts	3,865	2,731
Total liabilities at fair value	7,563	5,498
RiverSource Life | Recurring basis | Corporate debt securities
Assets
Total Available-for-Sale securities	10,735	8,706
RiverSource Life | Recurring basis | Residential mortgage backed securities
Assets
Total Available-for-Sale securities	3,642	2,959
RiverSource Life | Recurring basis | Commercial mortgage backed securities
Assets
Total Available-for-Sale securities	2,597	2,651
RiverSource Life | Recurring basis | State and municipal obligations
Assets
Total Available-for-Sale securities	758	786
RiverSource Life | Recurring basis | Asset backed securities
Assets
Total Available-for-Sale securities	1,531	997
RiverSource Life | Recurring basis | Foreign government bonds and obligations
Assets
Total Available-for-Sale securities	12	35
RiverSource Life | Recurring basis | U.S. government and agency obligations
Assets
Total Available-for-Sale securities	99	1
RiverSource Life | Recurring basis | Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives	51	48
RiverSource Life | Recurring basis | Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Liabilities embedded derivatives, net	1,936	649
Market risk benefits	1,762
RiverSource Life | Recurring basis | Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities embedded derivatives	52	47
RiverSource Life | Recurring basis | IUL embedded derivatives
Liabilities
Liabilities embedded derivatives	873	739
RiverSource Life | Recurring basis | Structured variable annuity embedded derivatives
Liabilities
Liabilities embedded derivatives, net	1,011	(137)
RiverSource Life | Recurring basis | Interest rate derivative contracts
Assets
Other assets: derivative contracts	185	267
Liabilities
Other liabilities: derivative contracts	305	355
RiverSource Life | Recurring basis | Equity derivative contracts
Assets
Other assets: derivative contracts	5,010	2,693
Liabilities
Other liabilities: derivative contracts	3,450	2,366
RiverSource Life | Recurring basis | Foreign exchange derivative contracts
Assets
Other assets: derivative contracts	21	34
Liabilities
Other liabilities: derivative contracts	4	10
RiverSource Life | Recurring basis | Credit derivative contracts
Assets
Other assets: derivative contracts	1	13
Liabilities
Other liabilities: derivative contracts	106
RiverSource Life | Recurring basis | Level 1
Assets
Total Available-for-Sale securities	99	1
Cash equivalents	558	1,063
Market risk benefits	0	0
Other assets: derivative contracts	67	136
Total assets at fair value	724	1,200
Liabilities
Market risk benefits		0
Other liabilities: derivative contracts	97	148
Total liabilities at fair value	97	148
RiverSource Life | Recurring basis | Level 1 | Corporate debt securities
Assets
Total Available-for-Sale securities	0	0
RiverSource Life | Recurring basis | Level 1 | Residential mortgage backed securities
Assets
Total Available-for-Sale securities	0	0
RiverSource Life | Recurring basis | Level 1 | Commercial mortgage backed securities
Assets
Total Available-for-Sale securities	0	0
RiverSource Life | Recurring basis | Level 1 | State and municipal obligations
Assets
Total Available-for-Sale securities	0	0
RiverSource Life | Recurring basis | Level 1 | Asset backed securities
Assets
Total Available-for-Sale securities	0	0
RiverSource Life | Recurring basis | Level 1 | Foreign government bonds and obligations
Assets
Total Available-for-Sale securities	0	0
RiverSource Life | Recurring basis | Level 1 | U.S. government and agency obligations
Assets
Total Available-for-Sale securities	99	1
RiverSource Life | Recurring basis | Level 1 | Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives	0	0
RiverSource Life | Recurring basis | Level 1 | Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Liabilities embedded derivatives, net	0	0
Market risk benefits	0
RiverSource Life | Recurring basis | Level 1 | Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities embedded derivatives	0	0
RiverSource Life | Recurring basis | Level 1 | IUL embedded derivatives
Liabilities
Liabilities embedded derivatives	0	0
RiverSource Life | Recurring basis | Level 1 | Structured variable annuity embedded derivatives
Liabilities
Liabilities embedded derivatives, net	0	0
RiverSource Life | Recurring basis | Level 1 | Interest rate derivative contracts
Assets
Other assets: derivative contracts	1	7
Liabilities
Other liabilities: derivative contracts	1	4
RiverSource Life | Recurring basis | Level 1 | Equity derivative contracts
Assets
Other assets: derivative contracts	65	129
Liabilities
Other liabilities: derivative contracts	95	138
RiverSource Life | Recurring basis | Level 1 | Foreign exchange derivative contracts
Assets
Other assets: derivative contracts	1	0
Liabilities
Other liabilities: derivative contracts	1	6
RiverSource Life | Recurring basis | Level 1 | Credit derivative contracts
Assets
Other assets: derivative contracts	0	0
Liabilities
Other liabilities: derivative contracts	0
RiverSource Life | Recurring basis | Level 2
Assets
Total Available-for-Sale securities	18,268	15,194
Cash equivalents	2,012	1,529
Market risk benefits	0	0
Other assets: derivative contracts	5,150	2,871
Total assets at fair value	25,430	19,594
Liabilities
Market risk benefits		0
Other liabilities: derivative contracts	3,768	2,583
Total liabilities at fair value	3,771	2,586
RiverSource Life | Recurring basis | Level 2 | Corporate debt securities
Assets
Total Available-for-Sale securities	10,283	8,311
RiverSource Life | Recurring basis | Level 2 | Residential mortgage backed securities
Assets
Total Available-for-Sale securities	3,642	2,959
RiverSource Life | Recurring basis | Level 2 | Commercial mortgage backed securities
Assets
Total Available-for-Sale securities	2,597	2,651
RiverSource Life | Recurring basis | Level 2 | State and municipal obligations
Assets
Total Available-for-Sale securities	758	786
RiverSource Life | Recurring basis | Level 2 | Asset backed securities
Assets
Total Available-for-Sale securities	976	452
RiverSource Life | Recurring basis | Level 2 | Foreign government bonds and obligations
Assets
Total Available-for-Sale securities	12	35
RiverSource Life | Recurring basis | Level 2 | U.S. government and agency obligations
Assets
Total Available-for-Sale securities	0	0
RiverSource Life | Recurring basis | Level 2 | Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives	0	0
RiverSource Life | Recurring basis | Level 2 | Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Liabilities embedded derivatives, net	3	3
Market risk benefits	0
RiverSource Life | Recurring basis | Level 2 | Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities embedded derivatives	3	3
RiverSource Life | Recurring basis | Level 2 | IUL embedded derivatives
Liabilities
Liabilities embedded derivatives	0	0
RiverSource Life | Recurring basis | Level 2 | Structured variable annuity embedded derivatives
Liabilities
Liabilities embedded derivatives, net	0	0
RiverSource Life | Recurring basis | Level 2 | Interest rate derivative contracts
Assets
Other assets: derivative contracts	184	260
Liabilities
Other liabilities: derivative contracts	304	351
RiverSource Life | Recurring basis | Level 2 | Equity derivative contracts
Assets
Other assets: derivative contracts	4,945	2,564
Liabilities
Other liabilities: derivative contracts	3,355	2,228
RiverSource Life | Recurring basis | Level 2 | Foreign exchange derivative contracts
Assets
Other assets: derivative contracts	20	34
Liabilities
Other liabilities: derivative contracts	3	4
RiverSource Life | Recurring basis | Level 2 | Credit derivative contracts
Assets
Other assets: derivative contracts	1	13
Liabilities
Other liabilities: derivative contracts	106
RiverSource Life | Recurring basis | Level 3
Assets
Total Available-for-Sale securities	1,007	940
Cash equivalents	0	0
Market risk benefits	1,427	1,015
Other assets: derivative contracts	0	0
Total assets at fair value	2,485	2,003
Liabilities
Market risk benefits		2,118
Other liabilities: derivative contracts	0	0
Total liabilities at fair value	3,695	2,764
RiverSource Life | Recurring basis | Level 3 | Corporate debt securities
Assets
Total Available-for-Sale securities	452	395
RiverSource Life | Recurring basis | Level 3 | Residential mortgage backed securities
Assets
Total Available-for-Sale securities	0	0
RiverSource Life | Recurring basis | Level 3 | Commercial mortgage backed securities
Assets
Total Available-for-Sale securities	0	0
RiverSource Life | Recurring basis | Level 3 | State and municipal obligations
Assets
Total Available-for-Sale securities	0	0
RiverSource Life | Recurring basis | Level 3 | Asset backed securities
Assets
Total Available-for-Sale securities	555	545
RiverSource Life | Recurring basis | Level 3 | Foreign government bonds and obligations
Assets
Total Available-for-Sale securities	0	0
RiverSource Life | Recurring basis | Level 3 | U.S. government and agency obligations
Assets
Total Available-for-Sale securities	0	0
RiverSource Life | Recurring basis | Level 3 | Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives	51	48
RiverSource Life | Recurring basis | Level 3 | Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Liabilities embedded derivatives, net	1,933	646
Market risk benefits	1,762
RiverSource Life | Recurring basis | Level 3 | Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities embedded derivatives	49	44
RiverSource Life | Recurring basis | Level 3 | IUL embedded derivatives
Liabilities
Liabilities embedded derivatives	873	739
RiverSource Life | Recurring basis | Level 3 | Structured variable annuity embedded derivatives
Liabilities
Liabilities embedded derivatives, net	1,011	(137)
RiverSource Life | Recurring basis | Level 3 | Interest rate derivative contracts
Assets
Other assets: derivative contracts	0	0
Liabilities
Other liabilities: derivative contracts	0	0
RiverSource Life | Recurring basis | Level 3 | Equity derivative contracts
Assets
Other assets: derivative contracts	0	0
Liabilities
Other liabilities: derivative contracts	0	0
RiverSource Life | Recurring basis | Level 3 | Foreign exchange derivative contracts
Assets
Other assets: derivative contracts	0	0
Liabilities
Other liabilities: derivative contracts	0	0
RiverSource Life | Recurring basis | Level 3 | Credit derivative contracts
Assets
Other assets: derivative contracts	0	$ 0
Liabilities
Other liabilities: derivative contracts	$ 0
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Fair Values of Assets and Lia_4

Fair Values of Assets and Liabilities - Changes in Level 3 Assets (Details) - RiverSource Life - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Changes in Level 3 assets measured at fair value on a recurring basis
Changes in unrealized gains (losses) in net income relating to assets held at end of period, location	Net investment income	Net investment income	Net investment income
Available-for-sale securities
Changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	$ 940	$ 787	$ 1,170
Total gains (losses) included in Net income	0	(1)	(1)
Total gains (losses) included in other comprehensive income (loss)	22	(69)	(11)
Purchases	110	623	108
Issues			0
Settlements	(65)	(370)	(200)
Transfers into Level 3			170
Transfers out of Level 3		(30)	(449)
Balance, ending	1,007	940	787
Changes in unrealized gains (losses) in net income relating to assets held at end of period		(1)	(1)
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period	21	(63)	(9)
Corporate debt securities
Changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	395	496	766
Total gains (losses) included in Net income	0	(1)	(1)
Total gains (losses) included in other comprehensive income (loss)	12	(44)	(10)
Purchases	110	29	108
Issues			0
Settlements	(65)	(85)	(119)
Transfers into Level 3			168
Transfers out of Level 3		0	(416)
Balance, ending	452	395	496
Changes in unrealized gains (losses) in net income relating to assets held at end of period		(1)	(1)
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period	11	(42)	(8)
Residential mortgage backed securities
Changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning		0	9
Total gains (losses) included in Net income			0
Total gains (losses) included in other comprehensive income (loss)			0
Purchases			0
Issues			0
Settlements			0
Transfers into Level 3			0
Transfers out of Level 3			(9)
Balance, ending			0
Changes in unrealized gains (losses) in net income relating to assets held at end of period			0
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period			0
Commercial mortgage backed securities
Changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	0	0
Total gains (losses) included in Net income		0
Total gains (losses) included in other comprehensive income (loss)		0
Purchases		30
Settlements		0
Transfers out of Level 3		(30)
Balance, ending		0	0
Changes in unrealized gains (losses) in net income relating to assets held at end of period		0
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period		0
Asset backed securities
Changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	545	291	395
Total gains (losses) included in Net income	0	0	0
Total gains (losses) included in other comprehensive income (loss)	10	(25)	(1)
Purchases	0	564	0
Issues			0
Settlements	0	(285)	(81)
Transfers into Level 3			2
Transfers out of Level 3		0	(24)
Balance, ending	555	545	291
Changes in unrealized gains (losses) in net income relating to assets held at end of period		0	0
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period	10	(21)	(1)
Fixed deferred indexed annuities ceded embedded derivatives
Changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	48	59	0
Total gains (losses) included in Net income	6	(8)	3
Total gains (losses) included in other comprehensive income (loss)	0	0	0
Purchases	0	0	0
Issues			57
Settlements	(3)	(3)	(1)
Transfers into Level 3			0
Transfers out of Level 3		0	0
Balance, ending	51	48	59
Changes in unrealized gains (losses) in net income relating to assets held at end of period		0	0
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period	$ 0	$ 0	$ 0

Fair Values of Assets and Lia_5

Fair Values of Assets and Liabilities - Changes in Level 3 Liabilities (Details) - RiverSource Life - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Changes in Level 3 liabilities measured at fair value on a recurring basis
Net increase (decrease) to pretax income from adjustment for nonperformance risk on fair value of embedded derivatives	$ 51	$ 45	$ (23)
Policyholder account balances, future policy benefits and claims embedded derivatives
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning	646	1,367	1,054
Total (gains) losses included in net income	1,372	(747)	471
Issues	163	141	(28)
Settlements	(248)	(115)	(130)
Balance, ending	1,933	646	1,367
Changes in unrealized (gains) losses in net income relating to liabilities held at the end of the period	1,364	(738)	68
Fixed deferred indexed annuities embedded derivatives
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning	44	56	49
Total (gains) losses included in net income	8	(9)	10
Issues	0	0	0
Settlements	(3)	(3)	(3)
Balance, ending	49	44	56
Changes in unrealized (gains) losses in net income relating to liabilities held at the end of the period	$ 0	$ 0	$ 0
Total gains and losses including in net income, location	Interest credited to fixed accounts	Interest credited to fixed accounts	Interest credited to fixed accounts
IUL embedded derivatives
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning	$ 739	$ 905	$ 935
Total (gains) losses included in net income	198	(105)	68
Issues	59	51	0
Settlements	(123)	(112)	(98)
Balance, ending	873	739	905
Changes in unrealized (gains) losses in net income relating to liabilities held at the end of the period	$ 198	$ (105)	$ 68
Total gains and losses including in net income, location	Interest credited to fixed accounts	Interest credited to fixed accounts	Interest credited to fixed accounts
Changes in unrealized (gains) losses in net income relating to liabilities held at the end of the period, location	Interest credited to fixed accounts	Interest credited to fixed accounts	Interest credited to fixed accounts
Structured variable annuity embedded derivatives
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning	$ (137)	$ 406	$ 70
Total (gains) losses included in net income	1,166	(633)	393
Issues	104	90	(28)
Settlements	(122)	0	(29)
Balance, ending	1,011	(137)	406
Changes in unrealized (gains) losses in net income relating to liabilities held at the end of the period	$ 1,166	$ (633)	$ 0
Total gains and losses including in net income, location	Benefits, claims, losses and settlement expenses	Benefits, claims, losses and settlement expenses	Benefits, claims, losses and settlement expenses

Fair Values of Assets and Lia_6

Fair Values of Assets and Liabilities - Significant Unobservable inputs (Details) - RiverSource Life $ in Millions	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Significant unobservable inputs used in fair value measurements
Total Available-for-Sale securities	$ 19,374	$ 16,135	[1]
Corporate debt securities
Significant unobservable inputs used in fair value measurements
Total Available-for-Sale securities	10,735	8,706
Asset backed securities
Significant unobservable inputs used in fair value measurements
Total Available-for-Sale securities	1,531	997
Level 3 | Corporate debt securities
Significant unobservable inputs used in fair value measurements
Total Available-for-Sale securities	451	395
Level 3 | Asset backed securities
Significant unobservable inputs used in fair value measurements
Total Available-for-Sale securities	555	545
Level 3 | Fixed deferred indexed annuities ceded embedded derivatives
Significant unobservable inputs used in fair value measurements
Receivables: embedded derivatives	51	48
Level 3 | Fixed deferred indexed annuities embedded derivatives
Significant unobservable inputs used in fair value measurements
Liabilities embedded derivatives	49	44
Level 3 | IUL embedded derivatives
Significant unobservable inputs used in fair value measurements
Liabilities embedded derivatives	873	739
Level 3 | Structured variable annuity embedded derivatives
Significant unobservable inputs used in fair value measurements
Liabilities embedded derivatives, net	$ 1,011	$ (137)
Level 3 | Discounted cash flow | Corporate debt securities | Minimum | Yield/spread to U.S. Treasuries
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, measurement inputs	0.010	0.011
Level 3 | Discounted cash flow | Corporate debt securities | Maximum | Yield/spread to U.S. Treasuries
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, measurement inputs	0.024	0.023
Level 3 | Discounted cash flow | Corporate debt securities | Weighted average | Yield/spread to U.S. Treasuries
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, measurement inputs	0.012	0.014
Level 3 | Discounted cash flow | Asset backed securities | Annual default rate
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, measurement inputs	0.031	0.024
Level 3 | Discounted cash flow | Asset backed securities | Loss severity
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, measurement inputs	0.250	0.250
Level 3 | Discounted cash flow | Asset backed securities | Minimum | Yield/spread to U.S. Treasuries
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, measurement inputs	0.0275	0.0320
Level 3 | Discounted cash flow | Asset backed securities | Maximum | Yield/spread to U.S. Treasuries
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, measurement inputs	0.0515	0.0550
Level 3 | Discounted cash flow | Asset backed securities | Weighted average | Yield/spread to U.S. Treasuries
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, measurement inputs	0.0284	0.0329
Level 3 | Discounted cash flow | Asset backed securities | Weighted average | Annual default rate
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, measurement inputs	0.031	0.024
Level 3 | Discounted cash flow | Asset backed securities | Weighted average | Loss severity
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, measurement inputs	0.250	0.250
Level 3 | Discounted cash flow | Fixed deferred indexed annuities ceded embedded derivatives | Minimum | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative asset, measurement input	0	0
Level 3 | Discounted cash flow | Fixed deferred indexed annuities ceded embedded derivatives | Maximum | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative asset, measurement input	0.668	0.668
Level 3 | Discounted cash flow | Fixed deferred indexed annuities ceded embedded derivatives | Weighted average | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative asset, measurement input	0.014	0.014
Level 3 | Discounted cash flow | Fixed deferred indexed annuities embedded derivatives | Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0.0085	0.0095
Level 3 | Discounted cash flow | Fixed deferred indexed annuities embedded derivatives | Minimum | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0	0
Level 3 | Discounted cash flow | Fixed deferred indexed annuities embedded derivatives | Maximum | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0.668
Embedded derivative liability, net, measurement input		0.668
Level 3 | Discounted cash flow | Fixed deferred indexed annuities embedded derivatives | Weighted average | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0.014	0.014
Level 3 | Discounted cash flow | Fixed deferred indexed annuities embedded derivatives | Weighted average | Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0.0085	0.0095
Level 3 | Discounted cash flow | IUL embedded derivatives | Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0.0085	0.0095
Level 3 | Discounted cash flow | IUL embedded derivatives | Weighted average | Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0.0085	0.0095
Level 3 | Discounted cash flow | Structured variable annuity embedded derivatives | Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, net, measurement input	0.0085	0.0095
Level 3 | Discounted cash flow | Structured variable annuity embedded derivatives | Minimum | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, net, measurement input	0.005	0.008
Level 3 | Discounted cash flow | Structured variable annuity embedded derivatives | Maximum | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, net, measurement input	0.750	0.400
Level 3 | Discounted cash flow | Structured variable annuity embedded derivatives | Weighted average | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, net, measurement input	0.026	0.009
Level 3 | Discounted cash flow | Structured variable annuity embedded derivatives | Weighted average | Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, net, measurement input	0.0085	0.0095
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Fair Values of Assets and Lia_7

Fair Values of Assets and Liabilities - Non-Recurring Basis (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
VIEs, not primary beneficiary | Affordable housing partnerships | Nonrecurring basis | Level 3
Assets and liabilities measured at fair value
Investment balance	$ 41	$ 58

Fair Values of Assets and Lia_8

Fair Values of Assets and Liabilities - Financial Instruments Not Reported at Fair Value (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Financial Liabilities
Separate account liabilities - investment contracts	$ 74,634	$ 70,876	[1]	$ 92,238
Carrying Value
Financial Assets
Mortgage loans, net	1,725	1,768
Policy loans	912	847
Other investments	76	89
Receivables	6,514	7,372
Financial Liabilities
Policyholder account balances, future policy benefits and claims	16,641	14,450
Short-term borrowings	201	201
Long-term debt	500	500
Other liabilities	5	8
Separate account liabilities - investment contracts	332	298
Fair Value
Financial Assets
Mortgage loans, net	1,599	1,600
Policy loans	912	847
Other investments	76	89
Receivables	5,566	6,174
Financial Liabilities
Policyholder account balances, future policy benefits and claims	14,243	12,470
Short-term borrowings	201	201
Long-term debt	339	315
Other liabilities	5	7
Separate account liabilities - investment contracts	332	298
Fair Value | Level 1
Financial Assets
Mortgage loans, net	0	0
Policy loans	0	0
Other investments	0	0
Receivables	0	0
Financial Liabilities
Policyholder account balances, future policy benefits and claims	0	0
Short-term borrowings	0	0
Long-term debt	0	0
Other liabilities	0	0
Separate account liabilities - investment contracts	0	0
Fair Value | Level 2
Financial Assets
Mortgage loans, net	0	0
Policy loans	912	847
Other investments	54	69
Receivables	0	0
Financial Liabilities
Policyholder account balances, future policy benefits and claims	0	0
Short-term borrowings	201	201
Long-term debt	339	315
Other liabilities	0	0
Separate account liabilities - investment contracts	332	298
Fair Value | Level 3
Financial Assets
Mortgage loans, net	1,599	1,600
Policy loans	0	0
Other investments	22	20
Receivables	5,566	6,174
Financial Liabilities
Policyholder account balances, future policy benefits and claims	14,243	12,470
Short-term borrowings	0	0
Long-term debt	0	0
Other liabilities	5	7
Separate account liabilities - investment contracts	$ 0	$ 0
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Related Party Transactions - Re

Related Party Transactions - Revenues, Expenses, Income Taxes and Investments (Details) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2022 USD ($)	Dec. 31, 2023 USD ($) Property	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Ameriprise Financial | Related party lessor operating lease
Related Party Transactions
Number of real estate properties | Property		1
Rental income		$ 5	$ 5	$ 5
Rental income to be received from related party in each year of next five year period		5
Rental income to be received from related party thereafter		4
Ameriprise Financial | Related party Federal income tax sharing agreement | Other assets
Related Party Transactions
Due from related party for Federal income taxes		269
Ameriprise Financial | Related party Federal income tax sharing agreement | Other liabilities
Related Party Transactions
Due to related party for Federal income taxes			(56)
Ameriprise Financial and affiliated companies | Related party services agreements
Related Party Transactions
Expenses		338	320	345
Ameriprise Financial and affiliated companies | Investments in securities issued by related party
Related Party Transactions
Investment	$ 564
Ameriprise Financial and affiliated companies | Investments in securities issued by related party | Net Investment Income
Related Party Transactions
Interest income		34	17	$ 12
Ameriprise Financial and affiliated companies | Investments in securities issued by related party | Investments
Related Party Transactions
Fair value of Available-for-Sale Fixed Maturities of related party		$ 554	$ 544

Related Party Transactions - Li

Related Party Transactions - Lines of Credit (Details) - Ameriprise Financial - Revolving line of credit lending arrangement - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Related Party Transactions
Maximum percentage of lender's statutory admitted assets	3%
Percentage of additional interest to be accrued in the event of default	1%
Amounts outstanding	$ 0	$ 0

Related Party Transactions - Di

Related Party Transactions - Dividends or Distributions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Related Party Transactions
Cash dividends or distributions paid by RiverSource Life Insurance Company to Ameriprise Financial	$ 600	$ 600	[1]	$ 1,900	[1]
RiverSource Life Insurance Company
Related Party Transactions
Cash dividends or distributions paid by RiverSource Life Insurance Company to Ameriprise Financial	600	600		1,900
Subsidiaries | RiverSource Life of NY
Related Party Transactions
Cash dividends or distributions received by RiverSource Life Insurance Company from subsidiaries	50	63		0
Subsidiaries | RTA
Related Party Transactions
Cash dividends or distributions received by RiverSource Life Insurance Company from subsidiaries	0	0		50
Subsidiaries | RTA | Return of capital
Related Party Transactions
Cash dividends or distributions received by RiverSource Life Insurance Company from subsidiaries	$ 75	$ 80		$ 0
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Regulatory Requirements - Gener

Regulatory Requirements - General Insurance Company Information (Details) - RiverSource Life Insurance Company - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Regulatory Requirements
Statutory unassigned deficit	$ (582)	$ (679)
Percentage of previous year-end statutory capital and surplus	10%
Statutory capital and surplus	$ 3,100	$ 3,100

Regulatory Requirements - Insur

Regulatory Requirements - Insurance Company Statutory Financial Information and Securities on Deposit (Details) - RiverSource Life Insurance Company - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Regulatory Requirements
Statutory net gain from operations	$ 1,331	$ 1,615	$ 1,366
Statutory net income	845	1,769	$ 253
Government debt securities on deposit with states as required by law	$ 4	$ 4

Offsetting Assets and Liabili_3

Offsetting Assets and Liabilities - Assets (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Derivatives:
Gross Amounts of Recognized Assets	$ 5,217	$ 3,007
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Assets Presented in the Consolidated Balance Sheets	5,217	3,007
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(3,721)	(2,397)
Cash Collateral	(1,101)	(565)
Securities Collateral	(357)	(5)
Net amount	38	40
OTC
Derivatives:
Gross Amounts of Recognized Assets	5,170	2,887
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Assets Presented in the Consolidated Balance Sheets	5,170	2,887
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(3,694)	(2,313)
Cash Collateral	(1,101)	(565)
Securities Collateral	(357)	(5)
Net amount	18	4
OTC cleared
Derivatives:
Gross Amounts of Recognized Assets	9	23
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Assets Presented in the Consolidated Balance Sheets	9	23
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(9)	(9)
Cash Collateral	0	0
Securities Collateral	0	0
Net amount	0	14
Exchange-traded
Derivatives:
Gross Amounts of Recognized Assets	38	97
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Assets Presented in the Consolidated Balance Sheets	38	97
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(18)	(75)
Cash Collateral	0	0
Securities Collateral	0	0
Net amount	$ 20	$ 22

Offsetting Assets and Liabili_4

Offsetting Assets and Liabilities - Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Derivatives
Gross Amounts of Recognized Liabilities	$ 3,865	$ 2,731
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Liabilities Presented in the Consolidated Balance Sheets	3,865	2,731
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(3,721)	(2,397)
Cash Collateral	(34)	(38)
Securities Collateral	(78)	(294)
Net amount	32	2
OTC
Derivatives
Gross Amounts of Recognized Liabilities	3,812	2,630
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Liabilities Presented in the Consolidated Balance Sheets	3,812	2,630
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(3,694)	(2,313)
Cash Collateral	(34)	(38)
Securities Collateral	(78)	(277)
Net amount	6	2
OTC cleared
Derivatives
Gross Amounts of Recognized Liabilities	35	9
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Liabilities Presented in the Consolidated Balance Sheets	35	9
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(9)	(9)
Cash Collateral	0	0
Securities Collateral	0	0
Net amount	26	0
Exchange-traded
Derivatives
Gross Amounts of Recognized Liabilities	18	92
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Liabilities Presented in the Consolidated Balance Sheets	18	92
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(18)	(75)
Cash Collateral	0	0
Securities Collateral	0	(17)
Net amount	$ 0	$ 0

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Notional Value and Gross Fair Value (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Derivatives and Hedging Activities
Notional	$ 130,748	$ 173,390
Gross Fair Value Assets, freestanding derivatives	5,217	3,007
Gross Fair Value Liabilities, freestanding derivatives	3,865	2,731
Total Gross Fair Value, derivative assets	5,268	3,055
Total Gross Fair Value, derivative liabilities	5,801	3,380
Fair value of investment securities received as collateral	376	14
Fair value of investment securities received as collateral that can be repledged	314	5
Fair value of investment securities received as collateral that were repledged	0	0
RiverSource Life
Derivatives and Hedging Activities
Total Available-for-Sale securities	19,374	16,135	[1]
RiverSource Life | Assets pledged to meet contractual obligations
Derivatives and Hedging Activities
Total Available-for-Sale securities	1,500	1,700
RiverSource Life | Assets pledged to meet contractual obligations, which may be sold, pledged or rehypothecated by the counterparty
Derivatives and Hedging Activities
Total Available-for-Sale securities	145	302
Receivables
Derivatives and Hedging Activities
Gross Fair Value Assets, embedded derivatives	51	48
Policyholder account balances, future policy benefits and claims
Derivatives and Hedging Activities
Fair Value (Assets) Liabilities, embedded derivatives, net	1,936	649
IUL embedded derivatives | Policyholder account balances, future policy benefits and claims
Derivatives and Hedging Activities
Gross Fair Value Liabilities, embedded derivatives	$ 873	739
Fixed deferred indexed annuities ceded embedded derivatives
Derivatives and Hedging Activities
Derivative assets, location	Receivables
Fixed deferred indexed annuities ceded embedded derivatives | Receivables
Derivatives and Hedging Activities
Gross Fair Value Assets, embedded derivatives	$ 51	48
Fixed deferred indexed annuities embedded derivatives | Policyholder account balances, future policy benefits and claims
Derivatives and Hedging Activities
Gross Fair Value Liabilities, embedded derivatives	52	47
Structured variable annuity embedded derivatives
Derivatives and Hedging Activities
Gross Fair Value Assets, embedded derivatives	15	331
Gross Fair Value Liabilities, embedded derivatives	1,000	194
Structured variable annuity embedded derivatives | Policyholder account balances, future policy benefits and claims
Derivatives and Hedging Activities
Fair Value (Assets) Liabilities, embedded derivatives, net	$ 1,011	$ (137)
Instruments excluding ceded embedded derivatives
Derivatives and Hedging Activities
Derivative assets, location	Other assets	Other assets
Derivative liabilities, location	Other liabilities	Other liabilities
IUL, fixed deferred indexed annuity and structured variable annuity embedded derivatives
Derivatives and Hedging Activities
Derivative liabilities, location	Policyholder account balances, future policy benefits and claims	Policyholder account balances, future policy benefits and claims
Not designated as hedging instruments
Derivatives and Hedging Activities
Notional	$ 130,748	$ 173,390
Not designated as hedging instruments | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	5,217	3,007
Not designated as hedging instruments | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	3,865	2,731
Not designated as hedging instruments | Interest rate contracts
Derivatives and Hedging Activities
Notional	42,516	101,302
Not designated as hedging instruments | Interest rate contracts | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	185	267
Not designated as hedging instruments | Interest rate contracts | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	305	355
Not designated as hedging instruments | Equity contracts
Derivatives and Hedging Activities
Notional	81,905	67,416
Not designated as hedging instruments | Equity contracts | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	5,010	2,693
Not designated as hedging instruments | Equity contracts | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	3,450	2,366
Not designated as hedging instruments | Credit contracts
Derivatives and Hedging Activities
Notional	3,375	1,802
Not designated as hedging instruments | Credit contracts | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	1	13
Not designated as hedging instruments | Credit contracts | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	106	0
Not designated as hedging instruments | Foreign exchange contracts
Derivatives and Hedging Activities
Notional	2,952	2,870
Not designated as hedging instruments | Foreign exchange contracts | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	21	34
Not designated as hedging instruments | Foreign exchange contracts | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	$ 4	$ 10
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Derivatives Not Designated as Hedges Impact (Details) - Not designated as hedging instruments - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net Investment Income
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	$ 0	$ 0	$ 1
Net Investment Income | Interest rate contracts
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	0	0	0
Net Investment Income | Equity contracts
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	0	0	1
Net Investment Income | Credit contracts
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	0	0	0
Net Investment Income | Foreign exchange contracts
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	0	0	0
Net Investment Income | IUL embedded derivatives
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	0	0	0
Net Investment Income | Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	0	0	0
Net Investment Income | Structured variable annuity embedded derivatives
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	0	0	0
Benefits, Claims, Losses and Settlement Expenses
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	(401)	443	(359)
Benefits, Claims, Losses and Settlement Expenses | Interest rate contracts
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	(5)	(26)	0
Benefits, Claims, Losses and Settlement Expenses | Equity contracts
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	770	(164)	34
Benefits, Claims, Losses and Settlement Expenses | Credit contracts
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	0	0	0
Benefits, Claims, Losses and Settlement Expenses | Foreign exchange contracts
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	0	0	0
Benefits, Claims, Losses and Settlement Expenses | IUL embedded derivatives
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	0	0	0
Benefits, Claims, Losses and Settlement Expenses | Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	0	0	0
Benefits, Claims, Losses and Settlement Expenses | Structured variable annuity embedded derivatives
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	(1,166)	633	(393)
Interest Credited to Fixed Accounts
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	1	95	113
Interest Credited to Fixed Accounts | Interest rate contracts
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	0	0	0
Interest Credited to Fixed Accounts | Equity contracts
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	79	(126)	91
Interest Credited to Fixed Accounts | Credit contracts
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	0	0	0
Interest Credited to Fixed Accounts | Foreign exchange contracts
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	0	0	0
Interest Credited to Fixed Accounts | IUL embedded derivatives
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	(75)	217	30
Interest Credited to Fixed Accounts | Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	(3)	4	(8)
Interest Credited to Fixed Accounts | Structured variable annuity embedded derivatives
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	0	0	0
Market Risk Benefit, Change in Fair Value, Gain (Loss)
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	(1,649)	(1,591)	(1,689)
Market Risk Benefit, Change in Fair Value, Gain (Loss) | Interest rate contracts
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	(422)	(2,874)	(886)
Market Risk Benefit, Change in Fair Value, Gain (Loss) | Equity contracts
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	(1,239)	899	(851)
Market Risk Benefit, Change in Fair Value, Gain (Loss) | Credit contracts
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	7	279	43
Market Risk Benefit, Change in Fair Value, Gain (Loss) | Foreign exchange contracts
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	5	105	5
Market Risk Benefit, Change in Fair Value, Gain (Loss) | IUL embedded derivatives
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	0	0	0
Market Risk Benefit, Change in Fair Value, Gain (Loss) | Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	0	0	0
Market Risk Benefit, Change in Fair Value, Gain (Loss) | Structured variable annuity embedded derivatives
Impact of derivatives on the Consolidated Statements of Income
Total gain (loss)	$ 0	$ 0	$ 0

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Deferred Premium, Options (Details) - Options $ in Millions	Dec. 31, 2023 USD ($)
Premiums Payable
2024	$ 131
2025	121
2026	247
2027	20
2028	30
2029-2030	378
Total	927
Premiums Receivable
2024	23
2025	20
2026	88
2027	0
2028	0
2029-2030	0
Total	$ 131

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities - Credit Risk (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Credit Risk
Aggregate fair value of derivative contracts in net liability position containing credit contingent provisions	$ 62	$ 234
Aggregate fair value of assets posted as collateral	55	232
Aggregate fair value of additional assets required to be posted or needed to settle	$ 7	$ 2

Shareholder's Equity - OCI Comp

Shareholder's Equity - OCI Components (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Pretax
Total other comprehensive income (loss)	$ 503	$ (981)		$ (587)
Income Tax Benefit (Expense)
Total other comprehensive income (loss)	(113)	214		123
Net of Tax
Arising during the period	370	(836)		(25)
Reclassification to net income	20	69		(439)
Total other comprehensive income (loss), net of tax	390	(767)	[1]	(464)	[1]
Net unrealized gains (losses) on securities
Pretax
Total other comprehensive income (loss)	655	(2,593)		(1,075)
Income Tax Benefit (Expense)
Total other comprehensive income (loss)	(146)	558		227
Net of Tax
Arising during the period	489	(2,104)		(409)
Reclassification to net income	20	69		(439)
Total other comprehensive income (loss), net of tax	509	(2,035)		(848)
Net unrealized gains (losses) on securities, excluding insurance related impact
Pretax
Arising during the period	652	(2,784)		(527)
Income Tax Benefit (Expense)
Arising during the period	(144)	595		111
Net of Tax
Arising during the period	508	(2,189)		(416)
Reclassification of net (gains) losses on securities included in net income
Pretax
Reclassification to net income	27	88		(556)
Income Tax Benefit (Expense)
Reclassification to net income	(7)	(19)		117
Net of Tax
Reclassification to net income	20	69		(439)
Impact of benefit reserves and reinsurance recoverables
Pretax
Arising during the period	(24)	103		8
Income Tax Benefit (Expense)
Arising during the period	5	(18)		(1)
Net of Tax
Arising during the period	(19)	85		7
Effect of changes in discount rate assumptions on certain long-duration contracts
Pretax
Total other comprehensive income (loss)	(69)	1,095		361
Income Tax Benefit (Expense)
Total other comprehensive income (loss)	15	(234)		(77)
Net of Tax
Arising during the period	(54)	861		284
Reclassification to net income	0	0		0
Total other comprehensive income (loss), net of tax	(54)	861		284
Effect of changes in instrument-specific credit risk on MRBs
Pretax
Total other comprehensive income (loss)	(83)	517		127
Income Tax Benefit (Expense)
Total other comprehensive income (loss)	18	(110)		(27)
Net of Tax
Arising during the period	(65)	407		100
Reclassification to net income	0	0		0
Total other comprehensive income (loss), net of tax	$ (65)	$ 407		$ 100
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Shareholder's Equity - Changes

Shareholder's Equity - Changes in AOCI Components (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Changes in balances of each component of AOCI, net of tax
Beginning balance	$ 973	[1]	$ 1,038	[2]	$ 3,577
OCI before reclassifications	370		(836)		(25)
Amounts reclassified from AOCI	20		69		(439)
Total other comprehensive income (loss), net of tax	390		(767)	[3]	(464)	[3]
Ending balance	1,157		973	[1]	1,038	[2]
Cumulative Effect, Period of Adoption, Adjustment
Changes in balances of each component of AOCI, net of tax
Beginning balance					(1,897)
Accumulated Other Comprehensive Income (Loss)
Changes in balances of each component of AOCI, net of tax
Beginning balance	(1,084)	[2]	(317)	[2]	1,184
Total other comprehensive income (loss), net of tax	390		(767)		(464)
Ending balance	(694)		(1,084)	[2]	(317)	[2]
Accumulated Other Comprehensive Income (Loss) | Cumulative Effect, Period of Adoption, Adjustment
Changes in balances of each component of AOCI, net of tax
Beginning balance					(1,037)
Net Unrealized Gains (Losses) on Securities
Changes in balances of each component of AOCI, net of tax
Beginning balance	(991)		1,044		1,185
OCI before reclassifications	489		(2,104)		(409)
Amounts reclassified from AOCI	20		69		(439)
Total other comprehensive income (loss), net of tax	509		(2,035)		(848)
Ending balance	(482)		(991)		1,044
Net Unrealized Gains (Losses) on Securities | Cumulative Effect, Period of Adoption, Adjustment
Changes in balances of each component of AOCI, net of tax
Beginning balance					707
Effect of changes in discount rate assumptions on certain long-duration contracts
Changes in balances of each component of AOCI, net of tax
Beginning balance	(72)		(933)		0
OCI before reclassifications	(54)		861		284
Amounts reclassified from AOCI	0		0		0
Total other comprehensive income (loss), net of tax	(54)		861		284
Ending balance	(126)		(72)		(933)
Effect of changes in discount rate assumptions on certain long-duration contracts | Cumulative Effect, Period of Adoption, Adjustment
Changes in balances of each component of AOCI, net of tax
Beginning balance					(1,217)
Effect of changes in instrument-specific credit risk on MRBs
Changes in balances of each component of AOCI, net of tax
Beginning balance	(20)		(427)		0
OCI before reclassifications	(65)		407		100
Amounts reclassified from AOCI	0		0		0
Total other comprehensive income (loss), net of tax	(65)		407		100
Ending balance	(85)		(20)		(427)
Effect of changes in instrument-specific credit risk on MRBs | Cumulative Effect, Period of Adoption, Adjustment
Changes in balances of each component of AOCI, net of tax
Beginning balance					(527)
Other
Changes in balances of each component of AOCI, net of tax
Beginning balance	(1)		(1)		(1)
OCI before reclassifications	0		0		0
Amounts reclassified from AOCI	0		0		0
Total other comprehensive income (loss), net of tax	0		0		0
Ending balance	$ (1)		$ (1)		(1)
Other | Cumulative Effect, Period of Adoption, Adjustment
Changes in balances of each component of AOCI, net of tax
Beginning balance					$ 0
[1]Certain prior period amounts have been restated. See Note 3 for more information.[2]Certain prior period amounts have been restated. See Note 3 for more information.[3]Certain prior period amounts have been restated. See Note 3 for more information.

Income Taxes - Components of In

Income Taxes - Components of Income Tax Provision (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Current income tax:
Federal	$ (112)	$ 57		$ 172
State	2	(2)		6
Total current income tax	(110)	55		178
Deferred income tax:
Federal	98	150		136
State	2	4		2
Total deferred income tax	100	154	[1]	138	[1]
Total income tax provision	$ (10)	$ 209	[2]	$ 316	[2]
[1]Certain prior period amounts have been restated. See Note 3 for more information.[2]Certain prior period amounts have been restated. See Note 3 for more information.

Income Taxes - Reasons for Inco

Income Taxes - Reasons for Income Tax Provision Differences to Statutory Rate (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Tax at U.S. statutory rate	21%	21%	21%
Changes in taxes resulting from:
Dividend received deduction	(8.20%)	(2.30%)	(1.70%)
Low income housing tax credits	(8.00%)	(2.90%)	(3.30%)
Foreign tax credit, net of addback	(7.00%)	(1.70%)	(0.90%)
Audit adjustments	(3.40%)	0%	0%
Uncertain tax positions	1.60%	0%	0%
Other, net	1.50%	(0.30%)	0.40%
Income tax provision (benefit)	(2.50%)	13.80%	15.50%

Income Taxes - Significant Comp

Income Taxes - Significant Components of Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred income tax assets and liabilities
Statutory rate (as a percent)	21%	21%	21%
Deferred income tax assets
Liabilities for policyholder account balances, future policy benefits and claims	$ 1,244	$ 1,431
Investments including net unrealized on Available-for-Sale securities	118	165
Other	30	29
Gross deferred income tax assets	1,392	1,625
Valuation allowance	30	30
Total deferred income tax assets	1,362	1,595
Deferred income tax liabilities
Deferred acquisition costs	380	410
Other	56	52
Gross deferred income tax liabilities	436	462
Net deferred income tax assets	$ 926	$ 1,133

Income Taxes - Net Operating Lo

Income Taxes - Net Operating Losses (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Operating loss carryforwards
Valuation allowance	$ 30	$ 30
State
Operating loss carryforwards
Deferred tax assets, loss carryforwards	28
Valuation allowance, net operating losses	28
Valuation allowance	$ 2

Income Taxes - Reconciliation R

Income Taxes - Reconciliation Rollforward of Gross Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of gross unrecognized tax benefits
Beginning balance	$ 37	$ 37	$ 38
Reductions based on tax positions related to current year	(3)	(1)	(1)
Additions for tax positions of prior years	65	1	0
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	(71)	0	0
Reductions due to lapse of statute of limitations	(1)	0	0
Ending balance	27	37	37
Unrecognized tax benefits, net of federal tax benefits, that would affect the effective tax rate if recognized	19	20	20
Estimated decrease in gross amount of unrecognized tax benefits reasonably possible in next 12 months	2
Interest and penalties related to unrecognized tax benefits
Interest and penalties	8	0	$ 1
Payable related to accrued interest and penalties	$ 11	$ 3

Commitments and Contingencies -

Commitments and Contingencies - Funding Commitments (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Commercial mortgage loans
Commitments
Funding commitments	$ 15	$ 0

Commitments and Contingencies_2

Commitments and Contingencies - Guaranty Fund Assessments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Liability related to guaranty fund assessments	$ 34	$ 12
Related premium tax asset	$ 29	$ 10