Ameriprise Financial (AMP) 10-K 24 Feb 21 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2020	Feb. 12, 2021	Jun. 30, 2020
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2020
Document Transition Report	false
Entity File Number	1-32525
Entity Registrant Name	AMERIPRISE FINANCIAL, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3180631
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 $.01 per share)
Trading Symbol	AMP
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 18.1
Entity Common Stock, Shares Outstanding		116,752,287
Entity Central Index Key	0000820027
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS Consolidated Statement of Operations - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenues
Net investment income	$ 1,251	$ 1,463	$ 1,596
Premiums	1,395	2,224	2,467
Other revenues	283	269	208
Gain on disposal of business	0	213	0
Total revenues	11,958	13,103	12,924
Banking and deposit interest expense	59	136	89
Total net revenues	11,899	12,967	12,835
Expenses
Distribution expenses	4,059	3,810	3,637
Interest credited to fixed accounts	644	669	674
Benefits, claims, losses and settlement expenses	1,806	2,576	2,302
Amortization of deferred acquisition costs	277	179	322
Interest and debt expense	162	214	245
General and administrative expense	3,120	3,287	3,171
Total expenses	10,068	10,735	10,351
Pretax income	1,831	2,232	2,484
Income tax provision	297	339	386
Net income	$ 1,534	$ 1,893	$ 2,098
Earnings Per Share, Basic:
Net income (in dollars per basic share)	$ 12.39	$ 14.12	$ 14.41
Earnings Per Share, Diluted:
Net income (in dollars per diluted share)	$ 12.20	$ 13.92	$ 14.20
Management and financial advice fees [Member]
Revenues
Revenue from Contract with Customer, Including Assessed Tax	$ 7,368	$ 7,015	$ 6,776
Distribution fees [Member]
Revenues
Revenue from Contract with Customer, Including Assessed Tax	$ 1,661	$ 1,919	$ 1,877

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 1,534	$ 1,893	$ 2,098
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	27	17	(31)
Net unrealized gains (losses) on securities	407	556	(465)
Net unrealized gains (losses) on derivatives	(1)	(2)	0
Defined benefit plans	(66)	(18)	(23)
Total other comprehensive income (loss), net of tax	367	553	(519)
Total comprehensive income	$ 1,901	$ 2,446	$ 1,579

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Assets
Total assets	$ 165,883	$ 151,828
Liabilities:
Policyholder account balances, future policy benefits and claims	33,992	30,512
Separate account liabilities	92,611	87,488
Total liabilities	160,016	146,099
Ameriprise Financial, Inc.:
Common Stock, Value, Issued	3	3
Additional paid-in capital	8,822	8,461
Retained earnings	15,292	14,279
Treasury Stock, Value	(18,879)	(17,276)
Accumulated other comprehensive income, net of tax	629	262
Total equity	5,867	5,729
Total liabilities and equity	$ 165,883	$ 151,828
Common shares, shares authorized	1,250,000,000	1,250,000,000
Common shares, shares issued	332,390,132	329,842,827
Common shares, par value (in dollars per share)	$ 0.01	$ 0.01
Treasury shares	215,624,519	205,903,593
Ameriprise Financial [Member]
Assets
Cash and cash equivalents	$ 6,751	$ 3,709
Investments, Allowance for Credit Losses	52	24
Investments	41,031	37,915
Separate account assets	92,611	87,488
Receivable, Allowance for Credit Losses	49	39
Receivables	7,819	7,202
Deferred acquisition costs	2,532	2,698
Restricted and segregated cash and investments	2,558	2,386
Other assets	10,551	8,698
Liabilities:
Policyholder account balances, future policy benefits and claims		30,512
Separate account liabilities	92,611	87,488
Customer deposits	17,641	14,430
Short-term borrowings	200	201
Long-term debt	2,831	3,097
Accounts payable and accrued liabilities	1,998	1,884
Other liabilities	8,761	6,775
Consolidated investment entities [Member]
Assets
Cash and cash equivalents	94	118
Investments	1,918	1,606
Receivables	16	8
Other assets	2	0
Liabilities:
Long-term debt	1,913	1,628
Other liabilities	$ 69	$ 84

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Common shares, par value (in dollars per share)	$ 0.01	$ 0.01
Common shares, shares authorized	1,250,000,000	1,250,000,000
Common shares, shares issued	332,390,132	329,842,827
Treasury shares	215,624,519	205,903,593
Common shares, shares authorized	1,250,000,000	1,250,000,000
Common shares, shares issued	332,390,132	329,842,827
Common shares, par value (in dollars per share)	$ 0.01	$ 0.01
Treasury shares	215,624,519	205,903,593
Ameriprise Financial [Member]
Investments, Allowance for Credit Losses	$ 52	$ 24

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions	Total	Common Shares [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Treasury Shares [Member]	Accumulated Other Comprehensive Income [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Accumulated Other Comprehensive Income [Member]
Balances (in shares) at Dec. 31, 2017		146,634,664
Balances at Dec. 31, 2017	$ 5,995	$ 3	$ 8,085	$ 11,326	$ (13,648)	$ 229			$ (1)
Balances (Equity securities guidance [Member]) at Dec. 31, 2017								$ 1	$ (1)
Comprehensive income (loss):
Net income	2,098			2,098
Other comprehensive income (loss), net of tax	(519)					(519)
Total comprehensive income (loss)	1,579
Dividends to shareholders	(516)			(516)
Repurchase of common shares	(1,705)				(1,705)
Repurchase of common shares (in shares)		(12,124,840)
Share-based compensation plans	235		175		60
Share-based compensation plans (in shares)		1,820,923
Balances (in shares) at Dec. 31, 2018		136,330,747
Balances at Dec. 31, 2018	5,588	$ 3	8,260	12,909	(15,293)	(291)
Balances (Premium Amortization on Purchased Callable Debt Securities Guidance [Member]) at Dec. 31, 2018							$ (5)	(5)
Comprehensive income (loss):
Net income	1,893			1,893
Other comprehensive income (loss), net of tax	553					553
Total comprehensive income (loss)	2,446
Dividends to shareholders	(518)			(518)
Repurchase of common shares	(2,039)				(2,039)
Repurchase of common shares (in shares)		(14,396,367)
Share-based compensation plans	257		201		56
Share-based compensation plans (in shares)		2,004,854
Balances (in shares) at Dec. 31, 2019		123,939,234
Balances at Dec. 31, 2019	5,729	$ 3	8,461	14,279	(17,276)	262
Balances (Current expected credit losses guidance [Member]) at Dec. 31, 2019							$ (9)	$ (9)
Comprehensive income (loss):
Net income	1,534			1,534
Other comprehensive income (loss), net of tax	367					367
Total comprehensive income (loss)	1,901
Dividends to shareholders	(512)			(512)
Repurchase of common shares	(1,647)				(1,647)
Repurchase of common shares (in shares)		(10,241,160)
Share-based compensation plans	405		361		44
Share-based compensation plans (in shares)		3,067,539
Balances (in shares) at Dec. 31, 2020		116,765,613
Balances at Dec. 31, 2020	$ 5,867	$ 3	$ 8,822	$ 15,292	$ (18,879)	$ 629

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Net income	$ 1,534	$ 1,893	$ 2,098
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion, net	207	183	198
Deferred income tax expense (benefit)	(321)	(308)	25
Share-based compensation	146	135	144
Gain (Loss) on Disposition of Business before Affinity Payment		(313)
Net realized investment (gains) losses	(22)	(16)	(9)
Net trading (gains) losses	(10)	(10)	(12)
Loss from equity method investments	66	95	63
Impairments and provision for loan and credit losses	24	22
Net (gains) losses of consolidated investment entities	7	9	(47)
Changes in operating assets and liabilities:
Restricted and segregated investments	(500)	124	499
Deferred acquisition costs	49	(112)	4
Policyholder account balances, future policy benefits and claims, net	3,054	358	528
Derivatives, net of collateral	(141)	415	(144)
Receivables	(648)	324	(398)
Brokerage deposits	346	(519)	(255)
Accounts payable and accrued expenses	129	46	(100)
Increase (Decrease) in Income Taxes	25	32	(57)
Deferred taxes, Net	334	(18)	(196)
Other operating assets and liabilities of consolidated investment entities, net	(15)	(12)	29
Other, net	359	13	227
Net Cash Provided by (Used in) Operating Activities	4,623	2,341	2,597
Available-for-Sale securities:
Proceeds from sales	1,708	242	435
Maturities, sinking fund payments and calls	9,554	8,202	6,738
Purchases	(13,525)	(11,911)	(8,346)
Proceeds from sales, maturities and repayments of mortgage loans	217	272	295
Funding of mortgage loans	(165)	(354)	(235)
Proceeds from sales, maturities and collections of other investments	198	276	722
Purchase of other investments	(284)	(288)	(653)
Purchase of investments by consolidated investment entities	(957)	(644)	(411)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities	606	684	1,086
Purchase of land, buildings, equipment and software	(147)	(143)	(162)
Proceeds from Divestiture of Businesses, Net of Cash Divested	0	934	0
Cash paid for written options with deferred premiums	(338)	(308)	(133)
Cash received from written options with deferred premiums	133	170	133
Cash paid for deposit receivable	(4)	(349)
Cash received for deposit receivable	93	98
Other, net	17	(115)	(56)
Net cash (used in) provided by investing activities	(2,894)	(3,234)	(587)
Investment certificates:
Proceeds from additions	4,259	5,110	6,238
Maturities, withdrawals and cash surrenders	(5,016)	(5,489)	(4,745)
Policyholder account balances:
Deposits and other additions	1,649	2,152	1,933
Net transfers to (from) separate accounts	(125)	(86)	(75)
Surrenders and other benefits	(1,357)	(1,728)	(1,904)
Change in banking deposits, net	3,616	3,788
Cash paid for purchased options with deferred premiums	(211)	(396)	(228)
Cash received for purchased options with deferred premiums	40	206	254
Issuance of long-term debt, net of issuance costs	496	497
Repayments of long-term debt	(762)	(313)	(13)
Dividends paid to shareholders	(497)	(504)	(506)
Repurchase of common shares	(1,441)	(1,943)	(1,630)
Exercise of stock options	3	3	2
Borrowings of Consolidated Investment Entities	382		936
Repayments of debt by consolidated investment entities	(74)	(84)	(1,528)
Other, net	(10)	1	3
Net cash provided by (used in) financing activities	952	1,214	(1,263)
Effect of exchange rate changes on cash	9	9	(8)
Net increase (decrease) in cash and cash equivalents, including amounts restricted	2,690	330	739
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning balance	6,213	5,883	5,144
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, ending balance	$ 8,903	$ 6,213	$ 5,883

Supplemental Cash Flow Disclosu

Supplemental Cash Flow Disclosures - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Supplemental Cash Flow Information [Abstract]
Income taxes paid (received), net	$ 236	$ 609	$ 538
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	0	13
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	76	41
Non-cash Investing Activity:
Partnership commitments not yet remitted	0	4	1
Investments transferred in connection with reinsurance transaction	0	1,265
Ameriprise Financial [Member]
Supplemental Cash Flow Information [Abstract]
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	168	272	221
Consolidated investment entities [Member]
Supplemental Cash Flow Information [Abstract]
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	$ 55	$ 84	$ 120

Supplemental Cash Flow Disclo_2

Supplemental Cash Flow Disclosures - Cash Reconciliation - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Securities Segregated under Other Regulations	$ (500)	$ 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	8,903	6,213
Ameriprise Financial [Member]
Cash and cash equivalents	6,751	3,709
Restricted and segregated cash, cash equivalents and investments	2,558	2,386
Consolidated investment entities [Member]
Cash and cash equivalents	$ 94	$ 118

Basis of Presentation

Basis of Presentation	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Ameriprise Financial, Inc. is a holding company, which primarily conducts business through its subsidiaries to provide financial planning, products and services that are designed to be utilized as solutions for clients’ cash and liquidity, asset accumulation, income, protection and estate and wealth transfer needs. The foreign operations of Ameriprise Financial, Inc. are conducted primarily through Threadneedle Asset Management Holdings Sàrl and Ameriprise Asset Management Holdings Singapore (Pte.) Ltd and their respective subsidiaries (collectively, “Threadneedle”). The accompanying Consolidated Financial Statements include the accounts of Ameriprise Financial, Inc., 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. During 2020, changes to the Company’s reportable segments were made. See Note 28 for further discussion about the changes to reportable segments. Certain prior period amounts have been revised to conform to current period presentation. These changes have no impact on previously reported consolidated balance sheets or statements of operations, comprehensive income, stockholders equity, or cash flows. In the first quarter of 2020, the Company recorded an out-of-period correction of $19 million to management and financial advice fees related to performance fees. The impact of the error was not material to the prior period financial statements. The accompanying Consolidated Financial Statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). Certain reclassifications of prior period amounts have been made to conform with the current presentation. The Company evaluated events or transactions that may have 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies [Text Block]	Summary of Significant Accounting Policies The Company adopted accounting standard, Financial Instruments - Credit Losses - Measurement of Credit Losses on Financial Instruments , on January 1, 2020. The significant accounting policies for Available-for-Sale securities, Financing Receivables, and Reinsurance were updated as a result of adopting the new accounting standard. 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 VIEs 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 losses of the VIE or the right to receive 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. Foreign Currency Translation Assets and liabilities of foreign subsidiaries, whose functional currency is other than the U.S. dollar, are translated into U.S. dollars based upon exchange rates prevailing at the end of each period. Revenues and expenses are translated at daily exchange rates during the period. The resulting translation adjustment, along with any related hedge and tax effects, are included in accumulated other comprehensive income (“AOCI”). The determination of the functional currency is based on the primary economic environment in which the entity operates. Gains and losses from foreign currency transactions are included in General and administrative expenses in the consolidated results of operations. 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 recognition of other-than-temporary impairments, deferred acquisition costs (“DAC”) and the corresponding recognition of DAC amortization, valuation of derivative instruments and hedging activities, litigation reserves, future policy benefits and claims reserves 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. Cash and 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. Investments Available-for-Sale Securities Available-for-Sale securities are carried at fair value with unrealized gains (losses) recorded in AOCI, net of impacts to DAC, deferred sales inducement costs (“DSIC”), unearned revenue, benefit reserves, reinsurance recoverables and income taxes which is consistent with prior periods before January 1, 2020. Available-for-Sale securities are recorded within investments on the Consolidated Balance Sheets. Gains and losses are recognized on a trade date basis in the Consolidated Statements of Operations 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 (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 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 investment income. 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 which is consistent with prior periods before January 1, 2020. Factors the Company considers in determining whether declines in the fair value of fixed maturity securities 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. However, for Available-for-Sale securities that recognized an impairment prior to January 1, 2020 by reducing the book value of the security, the difference between the new amortized cost basis and the improved cash flows expected to be collected is accreted as interest income. 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, asset backed securities and other structured investments), 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 receivables on the Consolidated Balance Sheets. Available-for-Sale securities are 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. At this time all previously accrued interest is reversed through net investment income. Financing Receivables Commercial Loans Commercial loans include commercial mortgage loans, syndicated loans, and advisor loans and are recorded at amortized cost less the allowance for loan losses. Commercial mortgage loans and syndicated loans are recorded within investments on the Consolidated Balance Sheets. Advisor loans are recorded within receivables on the Consolidated Balance Sheets. 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. The Company offers loans to financial advisors primarily for recruiting, transitional cost assistance and retention purposes. These advisor loans are generally repaid over a five- to ten-year period. If the financial advisor is no longer affiliated with the Company, any unpaid balance of such loan becomes immediately due. 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 on the Consolidated Statements of Operations. Interest income recognized on advisor loans is recorded in other revenues on the Consolidated Statements of operations. Consumer Loans Consumer loans consist of credit card receivables, policy loans, brokerage margin loans and pledged asset lines of credit and are recorded at amortized cost less the allowance for loan losses. Credit card receivables and policy loans are recorded within investments on the Consolidated Balance Sheets. Brokerage margin loans and pledged asset lines of credit are recorded within receivables on the Consolidated Balance Sheets. Credit card receivables are related to Ameriprise-branded credit cards issued to the Company’s customers by a third party. When originated, policy loan balances do not exceed the cash surrender value of the underlying products. The Company’s broker dealer subsidiaries enter into lending arrangements with clients through the normal course of business, which are primarily based on customer margin levels. Ameriprise Bank, FSB, enters into revolving lines of credit with customers of the Company’s broker dealer subsidiaries, where certain of the customer’s assets held in brokerage accounts serve as collateral. Interest income is accrued as earned on the unpaid principal balances of the loans which is consistent with prior periods before January 1, 2020. Interest income recognized on consumer loans is recorded in net investment income on the Consolidated Statements of Operations. Deposit Receivable 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 are included in receivables. As amounts are received, consistent with the underlying contracts, the deposit receivable is adjusted. The deposit receivable is 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. Prior to January 1, 2020, the allowance for credit losses was based on an incurred loss model that did not require estimating expected credit losses over the expected life of the asset. 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 investment income 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 portfolio. When determining the allowance for credit losses for advisor loans, the Company considers its actual historical collection experience and advisor termination experience as well as other factors including amounts due at termination, the reasons for the terminated relationship, length of time since termination, and the former financial advisor’s overall financial position. Management may identify certain pools of advisors at higher risk of termination based on production metrics or other factors. Management uses its best estimate of future termination and collection rates to estimate expected credit losses over the expected life of the loans. The allowance for credit losses on advisor loans is recorded in distribution expenses. Consumer Loans The allowance for loan losses for credit card receivables is based on a model that projects the Company’s receivable exposure over the expected life of the loans using cohorts based on the age of the receivable, geographic location, and credit scores. The model utilizes industry data to derive probability of default and loss given default assumptions, adjusted for current and future economic conditions. Management evaluates actual historical charge-off experience and monitors risk factors including FICO scores and past-due status within the credit card portfolio to ensure the allowance for loan losses based on industry data appropriately reserves for risks specific to the Company’s portfolio. The allowance for credit losses for credit card receivables is recorded in net investment income. The Company monitors the market value of collateral supporting the margin loans and pledged asset lines of credit and requests additional collateral when necessary in order to mitigate the risk of loss. Due to these ongoing monitoring procedures, the allowance for credit losses is only measured for the margin loan balances and pledged asset line of credit balances that are uncollateralized at the balance sheet date. 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 Receivable The allowance for credit losses is calculated on an individual reinsurer basis. The deposit receivable is collateralized by an underlying trust arrangement. 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. Advisor loans are placed on nonaccrual status upon the advisor’s termination. 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, syndicated loans, and consumer loans. Restructured Loans A loan is classified as a restructured loan when the Company makes certain concessionary modifications to contractual terms for borrowers experiencing financial difficulties. When the interest rate, minimum payments, and/or due dates have been modified in an attempt to make the loan more affordable to a borrower experiencing financial difficulties, the modification is considered a troubled debt restructuring. Modifications to loan terms do not automatically result in troubled debt restructurings (“TDRs”). Per the Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus, modifications made on a good faith basis in response to the coronavirus disease 2019 (“COVID-19”) pandemic to borrowers who were not more than 30 days past due as of December 31, 2019, such as payment deferrals, extensions of repayment terms, fee waivers, or delays in payment that are not significant to the unpaid principal value of the loan, are not considered TDRs. Generally, performance prior to the restructuring or significant events that coincide with the restructuring 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 restructuring 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 Commercial Loans 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 selling costs. Upon foreclosure, the commercial mortgage loan and related allowance are reversed, and the foreclosed property is recorded as real estate owned in other assets. Concerns regarding the recoverability of loans to advisors primarily arise in the event that the financial advisor is no longer affiliated with the Company. When the review of these factors indicates that further collection activity is highly unlikely, the outstanding balance of the loan is written-off and the related allowance is reduced. Consumer Loans Credit card receivables are not placed on nonaccrual status at 90 days past due, however, are fully charged off upon reaching 180 days past due. 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 Operations. Separate account assets are recorded at fair value and separate account liabilities are equal to the assets recognized. Included in separate account assets and liabilities is the fair value of the pooled pension funds that are offered by Threadneedle. Restricted and Segregated Cash, Cash Equivalents and Investments Amounts segregated under federal and other regulations are held in special reserve bank accounts for the exclusive benefit of the Company’s brokerage customers. Cash and cash equivalents included in restricted and segregated cash, cash equivalents and investments are presented as part of cash balances in the Company’s Consolidated Statements of Cash Flows. Land, Buildings, Equipment and Software Land, buildings, equipment and internally developed or purchased 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 Leases The Company has operating and finance leases for corporate and field offices. The Company determines if an arrangement is a lease at inception or modification. Right-of-use (“ROU”) assets represent the Company’s right to use an underlying asset for the lease term and corresponding lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. The Company uses its incremental borrowing rate to determine the present value of the future lease payments. The incremental borrowing rate is determined at lease commencement date using a secured rate for a similar term as the period of the lease. Certain lease incentives such as free rent periods are recorded as a reduction of the ROU asset. Lease costs for operating ROU assets is recognized on a straight-line basis over the lease term. Certain leases include one or more options to renew with terms that can extend the lease from one year to 20 years. The exercise of any lease renewal option is at the sole discretion of the Company. Renewal options are included in the ROU assets and lease liabilities when they either provide an economic incentive to renew or when the costs related to the termination of a lease outweigh the benefits of signing a new lease. Operating and finance ROU assets are reflected in other assets. Operating lease liabilities and finance lease liabilities are reflected in other liabilities and long-term debt, respectively. Goodwill and Other Intangible Assets Goodwill represents the amount of an acquired company’s acquisition cost in excess of the fair value of assets acquired and liabilities assumed. The Company evaluates goodwill for impairment annually on the measurement date of July 1 and whenever events and circumstances indicate that an impairment may have occurred, such as a significant adverse change in the business climate or a decision to sell or dispose of a reporting unit. Impairment is the amount carrying value exceeds fair value and is evaluated at the reporting unit level. The Company assesses various qualitative factors to determine whether impairment is likely to have occurred. If impairment were to occur, the Company would use the discounted cash flow method, a variation of the income approach. Intangible assets are amortized over their estimated useful lives unless they are deemed to have indefinite useful lives. The Company evaluates the definite lived intangible assets remaining useful lives annually and tests for impairment whenever events and circumstances indicate that an impairment may have occurred, such as a significant adverse change in the business climate. For definite lived intangible assets, impairment to fair value is recognized if the carrying amount is not recoverable. Indefinite lived intangibles are also tested for impairment annually or whenever circumstances indicate an impairment may have occurred. Goodwill and other intangible assets are reflected in other assets. 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”), (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”), or (iii) hedges of foreign currency exposures of net investments in foreign operations (“net investment hedges in foreign operations”). 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 Operations 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 Operations 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 Operations 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. For derivative instruments that qualify as net investment hedges in foreign operations, the effective portion of the change in fair value of the derivatives is recorded in AOCI as part of the foreign currency translation adjustment. Any ineffective portion of the net investment hedges in foreign operations is recognized in net investment income during the period of change. The equity component of indexed annuity, structured variable annuity, indexed universal life (“IUL”) and stock market certificate (“SMC”) obligations are considered embedded derivatives. Additionally, certain annuities contain guaranteed minimum accumulation benefit (“GMAB”) and guaranteed minimum withdrawal benefit (“GMWB”) provisions. The GMAB and the non-life contingent benefits associated with GMWB provisions are also considered embedded derivatives. See Note 15 for information regarding the Company’s fair value measurement of derivative instruments and Note 17 for the impact of derivatives on the Consolidated Statements of Operations. 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 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

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements [Text Block]	Recent Accounting Pronouncements Adoption of New Accounting Standards Financial Instruments – Credit Losses – Measurement of Credit Losses on Financial Instruments In June 2016, the Financial Accounting Standards Board (“FASB”) updated the accounting standards related to accounting for credit losses on certain types of financial instruments. The update replaces the current incurred loss model for estimating credit losses with a new model that requires an entity to estimate the credit losses expected over the life of the asset. At adoption, the initial estimate of the expected credit losses will be recorded through retained earnings and subsequent changes in the estimate will be reported in current period earnings and recorded through an allowance for credit losses on the balance sheet. The credit loss model for Available-for-Sale debt securities did not change; however, the credit loss calculation and subsequent recoveries are required to be recorded through an allowance. The standard is effective for interim and annual periods beginning after December 15, 2019. A modified retrospective cumulative adjustment to retained earnings should be recorded as of the first reporting period in which the guidance is effective for loans, receivables, and other financial instruments subject to the new expected credit loss model. Prospective adoption is required for establishing an allowance related to Available-for-Sale debt securities, certain beneficial interests, and financial assets purchased with a more-than-insignificant amount of credit deterioration since origination. The Company adopted the standard on January 1, 2020. The adoption of this update did not have a material impact on the Company’s consolidated results of operations or financial condition. Intangibles – Goodwill and Other – Internal-Use Software – Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract In August 2018, the FASB updated the accounting standards related to customer’s accounting for implementation costs incurred in a cloud computing arrangement (“CCA”) that is a service contract. The update requires implementation costs for a CCA to be evaluated for capitalization using the same approach as implementation costs associated with internal-use software. The update also addresses presentation, measurement and impairment of capitalized implementation costs in a CCA that is a service contract. The update requires new disclosures on the nature of hosting arrangements that are service contracts, significant judgements made when applying the guidance and quantitative disclosures, including amounts capitalized, amortized and impaired. The update is effective for interim and annual periods beginning after December 15, 2019, and can be applied either prospectively or retrospectively. The Company adopted the standard using a prospective approach on January 1, 2020. The adoption of this update did not have a material impact on the Company’s consolidated results of operations or financial condition. Intangibles – Goodwill and Other – Simplifying the Test for Goodwill Impairment In January 2017, the FASB updated the accounting standards to simplify the accounting for goodwill impairment. The update removes the hypothetical purchase price allocation (Step 2) of the goodwill impairment test. Goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value. The standard is effective for interim and annual periods beginning after December 15, 2019, and should be applied prospectively with early adoption permitted for any impairment tests performed after January 1, 2017. The Company adopted the standard on January 1, 2020. The adoption of this update did not have a material impact on the Company’s consolidated results of operations or financial condition. Leases – Recognition of Lease Assets and Liabilities on Balance Sheet In February 2016, the FASB updated the accounting standards for leases. The update was issued to increase transparency and comparability for the accounting of lease transactions. The standard requires most lease transactions for lessees to be recorded on the balance sheet as lease assets and lease liabilities and both quantitative and qualitative disclosures about leasing arrangements. The standard was effective for interim and annual periods beginning after December 15, 2018. Entities had the option to adopt the standard using a modified retrospective approach at either the beginning of the earliest period presented or as of the date of adoption. The Company adopted the standard using a modified retrospective approach as of January 1, 2019. The Company also elected the package of practical expedients permitted under the transition guidance within the accounting standard that allows entities to carryforward their historical lease classification and to not reassess contracts for embedded leases among other things. The Company recorded a right-of-use asset of $274 million and a corresponding lease liability of $295 million substantially related to real estate leases. The amount the lease liability exceeds the right-of-use asset primarily reflects lease incentives recorded as a reduction of the right-of-use asset that were previously recorded as a liability. The adoption of the standard did not have other material impacts on the Company’s consolidated results of operations or financial condition. See Note 18 for additional disclosures on leases. Income Statement – Reporting Comprehensive Income – Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income In February 2018, the FASB updated the accounting standards related to the presentation of tax effects stranded in AOCI. The update allows a reclassification from AOCI to retained earnings for tax effects stranded in AOCI resulting from the Tax Act. The election of the update was optional. The update was effective for fiscal years beginning after December 15, 2018. Entities could record the impacts either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Act is recognized. The Company adopted the standard on January 1, 2019 and elected not to reclassify the stranded tax effects in AOCI. Derivatives and Hedging – Targeted Improvements to Accounting for Hedging Activities In August 2017, the FASB updated the accounting standards to amend the hedge accounting recognition and presentation requirements. The objectives of the update are to better align the financial reporting of hedging relationships to the economic results of an entity’s risk management activities and simplify the application of the hedge accounting guidance. The update also adds new disclosures and amends existing disclosure requirements. The standard was effective for interim and annual periods beginning after December 15, 2018, and was required to be applied on a modified retrospective basis. The Company adopted the standard on January 1, 2019. The adoption did not have a material impact on the Company’s consolidated results of operations or financial condition. Receivables – Nonrefundable Fees and Other Costs – Premium Amortization on Purchased Callable Debt Securities In March 2017, the FASB updated the accounting standards to shorten the amortization period for certain purchased callable debt securities held at a premium. Under previous guidance, premiums were generally amortized over the contractual life of the security. The amendments require the premium to be amortized to the earliest call date. The update applies to securities with explicit, non-contingent call features that are callable at fixed prices and on preset dates. The standard was effective for interim and annual periods beginning after December 15, 2018, and was required to be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company adopted the standard on January 1, 2019. The adoption did not have a material impact on the Company’s consolidated results of operations or financial condition. In October 2020, the FASB issued amendments clarifying that, at each reporting date if a security contains additional future call dates, an entity must reevaluate whether the amortized cost basis exceeds the amount repayable by the issuer at the next call date. If so, the excess should be amortized to the next call date. The update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early application is not permitted. All entities should apply this update on a prospective basis as of the beginning of the period of adoption for existing or newly purchased callable debt securities. The Company currently accounts for the additional call dates in accordance with this amendment. Compensation – Retirement Benefits – Defined Benefit Plans – General – Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans In August 2018, the FASB updated the accounting standards related to disclosures for sponsors of defined benefit plans. The update requires disclosure of the weighted-average interest crediting rate for cash balance plans and an explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period. The update also eliminates the disclosure of the amounts in AOCI expected to be recognized as components of net period benefit cost over the next fiscal year. The update is effective for annual periods ending after December 15, 2020, and should be applied retrospectively. The Company early adopted the standard in the fourth quarter of 2018 on a retrospective basis. The adoption did not have an impact on the Company’s consolidated results of operations or financial condition. Fair Value Measurement – Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, the FASB updated the accounting standards related to disclosures for fair value measurements. The update eliminates the following disclosures: (1) the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, (2) the policy of timing of transfers between levels of the fair value hierarchy, and (3) the valuation processes for Level 3 fair value measurements. The new disclosures include changes in unrealized gains and losses for the period included in OCI for recurring Level 3 fair value measurements of instruments held at the end of the reporting period and the range and weighted average used to develop significant unobservable inputs and how the weighted average was calculated. The new disclosures are required on a prospective basis; all other provisions should be applied retrospectively. The update is effective for interim and annual periods beginning after December 15, 2019. Early adoption is permitted for the entire standard or only the provisions to eliminate or modify disclosure requirements. The Company early adopted the provisions of the standard to eliminate or modify disclosure requirements in the fourth quarter of 2018. The update does not have an impact on the Company’s consolidated results of operations or financial condition. Future Adoption of New Accounting Standards Reference Rate Reform – Expedients for Contract Modifications In March 2020, the FASB updated the accounting standards to provide optional expedients and exceptions for applying GAAP to contracts, hedging or other transactions that are affected by reference rate reform (i.e., the elimination of LIBOR). The following expedients are provided for modified contracts whose reference rate is changed: (1) receivables and debt contracts are accounted for prospectively by adjusting the effective interest rate, (2) leases are accounted for as a continuation of the existing contracts with no reassessments of the lease classification and discount rate or remeasurements of lease payments that otherwise would be required, and (3) an entity is not required to reassess its original conclusion about whether that contract contains an embedded derivative that is clearly and closely related to the economic characteristics and risks of the host contract. When elected, the optional expedients for contract modifications must be applied consistently for all eligible contracts or eligible transactions. In January 2021, FASB updated the standard to allow an entity to elect to apply the treatment under the original guidance to derivative instruments that use an interest rate that for margining, discounting or contract price alignment that will be modified due to reference rate reform but did not qualify under the original guidance The adoption of the standard is not expected to have an impact on the Company’s consolidated results of operations and financial condition. Income Taxes – Simplifying the Accounting for Income Taxes In December 2019, the FASB updated the accounting standards to simplify the accounting for income taxes. The update eliminates certain exceptions to: (1) accounting principles related to intraperiod tax allocation to be applied on a prospective basis, (2) deferred tax liabilities related to outside basis differences to be applied on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption, and (3) year-to-date losses in interim periods to be applied on a prospective basis. The update also amends existing guidance related to situations when an entity receives: (1) a step-up in the tax basis of goodwill to be applied on a prospective basis, (2) an allocation of income tax expense when members of a consolidated tax filing group issue separate financial statements to be applied on a retrospective basis for all periods presented, (3) interim recognition of enactment of tax laws or rate changes to be applied on a prospective basis, and (4) franchise taxes and other taxes partially based on income to be applied on a retrospective basis for all periods presented or a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. The standard is effective for interim and annual periods beginning after December 15, 2020, with early adoption permitted. The adoption of the standard is not expected to have an impact on the Company’s consolidated results of operations and financial condition. 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. The guidance revises key elements of the measurement models and disclosure requirements for long-duration insurance contracts issued by insurers and reinsurers. The guidance establishes a significant new category of benefit features called market risk benefits that protect the contractholder from other-than-nominal capital market risk and expose the insurer to that risk. Insurers will have to measure market risk benefits at fair value. Market risk benefits include variable annuity guaranteed benefits (i.e. guaranteed minimum death, withdrawal, withdrawal for life, accumulation and income benefits). The portion of the change in fair value attributable to a change in the instrument-specific credit risk of market risk benefits in a liability position will be recorded in OCI. Significant changes also relate to the measurement of the liability for future policy benefits for nonparticipating traditional long-duration insurance contracts and immediate annuities with a life contingent feature include the following: • Insurers will be required to review and update the cash flow assumptions used to measure the liability for future policy benefits rather than using assumptions locked in at contract inception. The review of assumptions to measure the liability for all future policy benefits will be required annually at the same time each year, or more frequently if suggested by experience. The effect of updating assumptions will be measured on a retrospective catch-up basis and presented separate from the ongoing policyholder benefit expense in the statement of operations in the period the update is made. This new unlocking process will be required for the Company’s term and whole life insurance, disability income, long term care insurance and immediate annuities with a life contingent feature. • The discount rate used to measure the liability for future policy benefits will be standardized. The current requirement to use a discount rate reflecting expected investment yields will change to an upper-medium grade (low credit risk) fixed income corporate instrument yield (generally interpreted as an “A” rating) reflecting the duration characteristics of the liability. Entities will be required to update the discount rate at each reporting date with the effect of discount rate changes reflected in OCI. • The current premium deficiency test is being replaced with a net premium ratio cap of 100%. If the net premium ratio (i.e. the ratio of the present value of total expected benefits and related expenses to the present value of total expected premiums) exceeds 100%, insurers are required to recognize a loss in the statement of operations in the period. Contracts from different issue years will no longer be permitted to be grouped to determine contracts in a loss position. In addition, the update requires DAC and DSIC relating to all long-duration contracts and most investment contracts to be amortized on a straight-line basis over the expected life of the contract independent of profit emergence. Under the new guidance, interest will not accrue to the deferred balance and DAC and DSIC will not be subject to an impairment test. The update requires significant additional disclosures, including disaggregated rollforwards of the liability for future policy benefits, policyholder account balances, market risk benefits, DAC and DSIC, as well as qualitative and quantitative information about expected cash flows, estimates and assumptions. On November 5, 2020, the FASB released an updated ASU to defer the effective date of the standard to interim and annual periods beginning after December 15, 2022, and interim periods within those years. The standard

Revenue from Contract with Cust

Revenue from Contract with Customer Revenue from Contract with Customer (Notes)	12 Months Ended
	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue from Contracts with Customers During the third quarter of 2020, the composition of the Company’s reportable segments changed from five to four segments. The Retirement & Protection Solutions segment includes Retirement Solutions (Variable Annuities and Payout Annuities) and Protection Solutions (Life and Disability Insurance). In addition, the Company moved the Fixed Annuities and Fixed Indexed Annuities business to the Corporate & Other segment as a closed block. Certain prior period amounts have been revised to conform to the current presentation. See Note 28 for additional information on this change. The following tables present revenue disaggregated by segment on an adjusted operating basis with a reconciliation of segment revenues to those reported on the Consolidated Statements of Operations: Year Ended December 31, 2020 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate Total Segments Non-operating Revenue Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 1,822 $ — $ — $ 1,822 $ — $ 1,822 Institutional — 442 — — 442 — 442 Advisory fees 3,511 — — — 3,511 — 3,511 Financial planning fees 348 — — — 348 — 348 Transaction and other fees 352 190 62 — 604 — 604 Total management and financial advice fees 4,211 2,454 62 — 6,727 — 6,727 Distribution fees: Mutual funds 737 237 — — 974 — 974 Insurance and annuity 835 174 363 — 1,372 — 1,372 Other products 430 — — — 430 — 430 Total distribution fees 2,002 411 363 — 2,776 — 2,776 Other revenues 182 2 6 3 193 — 193 Total revenue from contracts with customers 6,395 2,867 431 3 9,696 — 9,696 Revenue from other sources (1) 339 24 2,663 546 3,572 77 3,649 Total segment gross revenues 6,734 2,891 3,094 549 13,268 77 13,345 Less: Banking and deposit interest expense 59 — — 3 62 — 62 Total segment net revenues 6,675 2,891 3,094 546 13,206 77 13,283 Less: Intersegment revenues 893 53 433 (2) 1,377 7 1,384 Total net revenues $ 5,782 $ 2,838 $ 2,661 $ 548 $ 11,829 $ 70 $ 11,899 Year Ended December 31, 2019 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate Total Segments Non-operating Revenue Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 1,783 $ — $ — $ 1,783 $ — $ 1,783 Institutional — 495 — — 495 — 495 Advisory fees 3,156 — — — 3,156 — 3,156 Financial planning fees 330 — — — 330 — 330 Transaction and other fees 355 189 63 — 607 — 607 Total management and financial advice fees 3,841 2,467 63 — 6,371 — 6,371 Distribution fees: Mutual funds 726 237 — — 963 — 963 Insurance and annuity 875 171 357 6 1,409 — 1,409 Other products 680 — — — 680 — 680 Total distribution fees 2,281 408 357 6 3,052 — 3,052 Other revenues 177 4 — — 181 — 181 Total revenue from contracts with customers 6,299 2,879 420 6 9,604 — 9,604 Revenue from other sources (1) 436 34 2,703 1,479 4,652 265 4,917 Total segment gross revenues 6,735 2,913 3,123 1,485 14,256 265 14,521 Less: Banking and deposit interest expense 136 — — 8 144 — 144 Total segment net revenues 6,599 2,913 3,123 1,477 14,112 265 14,377 Less: Intersegment revenues 924 55 429 (6) 1,402 8 1,410 Total net revenues $ 5,675 $ 2,858 $ 2,694 $ 1,483 $ 12,710 $ 257 $ 12,967 Year Ended December 31, 2018 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate Total Segments Non-operating Revenue Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 1,874 $ — $ — $ 1,874 $ — $ 1,874 Institutional — 453 — — 453 — 453 Advisory fees 2,865 — — — 2,865 — 2,865 Financial planning fees 318 — — — 318 — 318 Transaction and other fees 355 190 65 — 610 — 610 Total management and financial advice fees 3,538 2,517 65 — 6,120 — 6,120 Distribution fees: Mutual funds 729 260 — — 989 — 989 Insurance and annuity 890 173 360 7 1,430 — 1,430 Other products 622 — — — 622 — 622 Total distribution fees 2,241 433 360 7 3,041 — 3,041 Other revenues 171 3 1 — 175 — 175 Total revenue from contracts with customers 5,950 2,953 426 7 9,336 — 9,336 Revenue from other sources (1) 328 58 2,741 1,740 4,867 158 5,025 Total segment gross revenues 6,278 3,011 3,167 1,747 14,203 158 14,361 Less: Banking and deposit interest expense 89 — — 6 95 — 95 Total segment net revenues 6,189 3,011 3,167 1,741 14,108 158 14,266 Less: Intersegment revenues 952 50 417 (5) 1,414 17 1,431 Total net revenues $ 5,237 $ 2,961 $ 2,750 $ 1,746 $ 12,694 $ 141 $ 12,835 (1) Revenues not included in the scope of the revenue from contracts with customers standard. The amounts primarily consist of revenue associated with insurance and annuity products or financial instruments. The following discussion describes the nature, timing, and uncertainty of revenues and cash flows arising from the Company’s contracts with customers on a consolidated basis. Management and Financial Advice Fees Asset Management Fees The Company earns revenue for performing asset management services for retail and institutional clients. The revenue is earned based on a fixed or tiered rate applied, as a percentage, to assets under management. Assets under management vary with market fluctuations and client behavior. The asset management performance obligation is considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. Asset management fees are accrued, invoiced and collected on a monthly or quarterly basis. The Company’s asset management contracts for Open Ended Investment Companies (“OEICs”) in the United Kingdom (“U.K.”) and Société d'Investissement à Capital Variable (“SICAVs”) in Europe include performance obligations for asset management and fund distribution services. The amounts received for these services are reported as management and financial advice fees. The revenue recognition pattern is the same for both performance obligations as the fund distribution services revenue is variably constrained due to factors outside the Company’s control including market volatility and client behavior (such as how long clients hold their investment) and not recognized until assets under management are known. The Company may also earn performance-based management fees on institutional accounts, hedge funds, collateralized loan obligations (“CLOs”), OEICs, SICAVs and property and other funds based on a percentage of account returns in excess of either a benchmark index or a contractually specified level. This revenue is variable and impacted primarily by the performance of the assets being managed compared to the benchmark index or contractually specified level. The revenue is not recognized until it is probable that a significant reversal will not occur. Performance-based management fees are invoiced on a quarterly or annual basis. Advisory Fees The Company earns revenue for performing investment advisory services for certain brokerage customer’s discretionary and non-discretionary managed accounts. The revenue is earned based on a contractual fixed rate applied, as a percentage, to the market value of assets held in the account. The investment advisory performance obligation is considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. Advisory fees are billed on a monthly basis on the prior month end assets. Prior to the fourth quarter of 2019, advisory fees were primarily based on average assets for a monthly or quarterly period. Financial Planning Fees The Company earns revenue for providing financial plans to its clients. The revenue earned for each financial plan is either a fixed fee (received monthly, quarterly or annually) or a variable fee (received monthly) based on a contractual fixed rate applied, as a percentage, to the prior month end assets held in a client’s investment advisory account. The financial planning fee is based on the complexity of a client’s financial and life situation and his or her advisor’s experience. The performance obligation is satisfied at the time the financial plan is delivered to the customer. The Company records a contract liability for the unearned revenue when cash is received before the plan is delivered. The financial plan contracts with clients are annual contracts. Amounts recorded as a contract liability are recognized as revenue when the financial plan is delivered, which occurs within the annual contract period. For fixed fee arrangements, revenue is recognized when the financial plan is delivered. The Company accrues revenue for any amounts that have not been received at the time the financial plan is delivered. For variable fee arrangements, revenue is recognized for cash that has been received when the financial plan is delivered. The amount received after the plan is delivered is variably constrained due to factors outside the Company’s control including market volatility and client behavior. The revenue is recognized when it is probable that a significant reversal will not occur that is generally each month end as the advisory account balance uncertainty is resolved. Contract liabilities for financial planning fees, which are included in other liabilities in the Consolidated Balance Sheets, were $146 million and $143 million as of December 31, 2020 and 2019, respectively. The Company pays sales commissions to advisors when a new financial planning contract is obtained or when an existing contract is renewed. The sales commissions paid to the advisors prior to financial plan delivery are considered costs to obtain a contract with a customer and are initially capitalized. When the performance obligation to deliver the financial plan is satisfied, the commission is recognized as distribution expense. Capitalized costs to obtain these contracts are reported in other assets in the Consolidated Balance Sheets, and were $117 million and $116 million as of December 31, 2020 and 2019, respectively. Transaction and Other Fees The Company earns revenue for providing customer support, shareholder and administrative services (including transfer agent services) for affiliated mutual funds and networking, sub-accounting and administrative services for unaffiliated mutual funds. The Company also receives revenue for providing custodial services and account maintenance services on brokerage and retirement accounts that are not included in an advisory relationship. Transfer agent and administrative revenue is earned based on either a fixed rate applied, as a percentage, to assets under management or an annual fixed fee for each fund position. Networking and sub-accounting revenue is earned based on either an annual fixed fee for each account or an annual fixed fee for each fund position. Custodial and account maintenance revenue is generally earned based on a quarterly or annual fixed fee for each account. Each of the customer support and administrative services performance obligations are considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. Transaction and other fees (other than custodial service fees) are invoiced or charged to brokerage accounts on a monthly or quarterly basis. Custodial service fees are invoiced or charged to brokerage accounts on an annual basis. Contract liabilities for custodial service fees, which are included in other liabilities in the Consolidated Balance Sheets, were nil as of both December 31, 2020 and 2019. The Company earns revenue for providing trade execution services to franchise advisors. The trade execution performance obligation is satisfied at the time of each trade and the revenue is primarily earned based on a fixed fee per trade. These fees are invoiced and collected on a semi-monthly basis. Distribution Fees Mutual Funds and Insurance and Annuity Products The Company earns revenue for selling affiliated and unaffiliated mutual funds, fixed and variable annuities and insurance products. The performance obligation is satisfied at the time of each individual sale. A portion of the revenue is based on a fixed rate applied, as a percentage, to amounts invested at the time of sale. The remaining revenue is recognized over the time the client owns the investment or holds the contract and is generally earned based on a fixed rate applied, as a percentage, to the net asset value of the fund, or the value of the insurance policy or annuity contract. The ongoing 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 client behavior (such as how long clients hold their investment, insurance policy or annuity contract). This ongoing revenue may be recognized for many years after the initial sale. The revenue will not be recognized until it is probable that a significant reversal will not occur. The Company earns revenue for providing unaffiliated partners an opportunity to educate the Company’s advisors or to support availability and distribution of their products on the Company’s platforms. These payments allow the outside parties to train and support the advisors, explain the features of their products and distribute marketing and educational materials, and support trading and operational systems necessary to enable the Company’s client servicing and production distribution efforts. The Company earns revenue for placing and maintaining unaffiliated fund partners and insurance companies’ products on the Company’s sales platform (subject to the Company’s due diligence standards). The revenue is primarily earned based on a fixed fee or 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 invoiced and collected on monthly basis. Other Products The Company earns revenue for selling unaffiliated alternative products. The performance obligation is satisfied at the time of each individual sale. A portion of the revenue is based on a fixed rate applied, as a percentage, to amounts invested at the time of sale. The remaining revenue is recognized over the time the client owns the investment and is earned generally based on a fixed rate applied, as a percentage, to the market value of the investment. The ongoing 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 client behavior (such as how long clients hold their investment). The revenue will not be recognized until it is probable that a significant reversal will not occur. The Company earns revenue from brokerage clients for the execution of requested trades. The performance obligation is satisfied at the time of trade execution and amounts are received on the settlement date. The revenue varies for each trade based on various factors that include the type of investment, dollar amount of the trade and how the trade is executed (online or broker assisted). The Company earns revenue for placing clients’ deposits in its brokerage sweep program with third-party banks. The amount received from the third-party banks is impacted by short-term interest rates. The performance obligation with the financial institutions that participate in the sweep program is considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. The revenue is earned daily and settled monthly based on a rate applied, as a percentage, to the deposits placed. Other Revenues The Company earns revenue from fees charged to franchise advisors for providing various services the advisors need to manage and grow their practices. The primary services include: licensing of intellectual property and software, compliance supervision, insurance coverage, technology services and support, consulting and other services. The services are either provided by the Company or third- party providers. The Company controls the services provided by third parties as it has the right to direct the third parties to perform the services, is primarily responsible for performing the services and sets the prices the advisors are charged. The Company recognizes revenue for the gross amount of the fees received from the advisors. The fees are primarily collected monthly as a reduction of commission payments. Intellectual property and software licenses, along with compliance supervision, insurance coverage, and technology services and support are primarily earned based on a monthly fixed fee. These services are considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. The consulting and other services performance obligations are satisfied as the services are delivered and revenue is earned based upon the level of service requested. Receivables

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2020
Variable Interest Entities [Abstract]
Variable Interest Entities [Text Block]	Variable Interest Entities The Company provides asset management services to investment entities which are considered to be VIEs, such as CLOs, hedge funds and other private funds, property funds, and certain non-U.S. series funds (such as OEICs and SICAVs) (collectively, “investment entities”), which 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 certain investment entities (collectively, “consolidated investment entities”) 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 other support to these entities. The Company has unfunded commitments related to consolidated CLOs of $13 million and $21 million as of December 31, 2020 and 2019, respectively. See Note 26 for information on future funding commitments of other VIEs. See Note 2 for further discussion of the Company’s accounting policy on consolidation. CLOs 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 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 non-consolidated CLOs is limited to its amortized cost, which was $3 million and $4 million as of December 31, 2020 and 2019, respectively. The Company classifies these investments as Available-for-Sale securities. See Note 6 for additional information on these investments. Property Funds The Company provides investment advice and related services to property funds, some of which are considered VIEs. For investment management services, the Company generally earns management fees based on the market value of assets under management, and in certain instances may also receive performance-based fees. The fee arrangement is at market and commensurate with the level of effort required to provide those services. The Company does not have a significant economic interest and is not required to consolidate any of the property funds. The Company’s maximum exposure to loss with respect to its investment in these entities is limited to its carrying value. The carrying value of the Company’s investment in property funds is reflected in other investments and was $23 million and $12 million as of December 31, 2020 and 2019, respectively. Hedge Funds and other Private Funds The Company does not consolidate hedge funds and other private funds which are sponsored by the Company and considered VIEs. For investment management services, the Company earns management fees based on the market value of assets under management, and in certain instances may also receive performance-based fees. The fee arrangement is at market and commensurate with the level of effort required to provide those services and the Company does not have a significant economic interest in any fund. The Company's maximum exposure to loss with respect to its investment in these entities is limited to its carrying value. The carrying value of the Company’s investment in these entities is reflected in other investments and was nil as of both December 31, 2020 and 2019. Non-U.S. Series Funds The Company manages non-U.S. series funds, which are considered VIEs. For investment management services, the Company earns management fees based on the market value of assets under management, and in certain instances may also receive performance-based fees. The fee arrangement is at market and commensurate with the level of effort required to provide those services. The Company does not consolidate these funds and its maximum exposure to loss is limited to its carrying value. The carrying value of the Company’s investment in these funds is reflected in other investments and was $20 million and $15 million as of December 31, 2020 and 2019, respectively. 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 $200 million and $270 million as of December 31, 2020 and 2019, respectively. The Company had a $9 million and a $15 million liability recorded as of December 31, 2020 and 2019, respectively, related to original purchase commitments not yet remitted to the VIEs. The Company has not provided any additional support and is not contractually obligated to provide additional support to the VIEs beyond the funding commitments. 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, 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. The Company's maximum exposure to loss as a result of its investment in these structured investments is limited to its amortized cost. See Note 6 for additional information on these structured investments. Fair Value of Assets and Liabilities The Company categorizes its fair value measurements according to a three-level hierarchy. See Note 15 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, 2020 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Corporate debt securities $ — $ 8 $ — $ 8 Common stocks — 1 — 1 Syndicated loans — 1,817 92 1,909 Total investments — 1,826 92 1,918 Receivables — 16 — 16 Other assets — — 2 2 Total assets at fair value $ — $ 1,842 $ 94 $ 1,936 Liabilities Debt (1) $ — $ 1,913 $ — $ 1,913 Other liabilities — 69 — 69 Total liabilities at fair value $ — $ 1,982 $ — $ 1,982 December 31, 2019 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Corporate debt securities $ — $ 8 $ — $ 8 Common stocks 1 — — 1 Syndicated loans — 1,454 143 1,597 Total investments 1 1,462 143 1,606 Receivables — 8 — 8 Total assets at fair value $ 1 $ 1,470 $ 143 $ 1,614 Liabilities Debt (1) $ — $ 1,628 $ — $ 1,628 Other liabilities — 84 — 84 Total liabilities at fair value $ — $ 1,712 $ — $ 1,712 (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 $2.0 billion and $1.7 billion as of December 31, 2020 and 2019, 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, January 1, 2020 $ 143 $ — Total gains (losses) included in: Net income (16) (1) — Purchases 111 2 Sales (29) — Settlements (33) — Transfers into Level 3 438 — Transfers out of Level 3 (522) — Balance, December 31, 2020 $ 92 $ 2 Changes in unrealized gains (losses) included in income relating to assets held at December 31, 2020 $ (2) (1) $ — Syndicated Loans (in millions) Balance, January 1, 2019 $ 226 Total gains (losses) included in: Net income (2) (1) Purchases 91 Sales (11) Settlements (68) Transfers into Level 3 272 Transfers out of Level 3 (365) Balance, December 31, 2019 $ 143 Changes in unrealized gains (losses) included in income relating to assets held at December 31, 2019 $ (3) (1) Common Stocks Syndicated Loans (in millions) Balance, January 1, 2018 $ 4 $ 180 Total gains (losses) included in: Net income 6 (1) (1) (1) Purchases — 97 Sales (10) (41) Settlements — (52) Transfers into Level 3 4 173 Transfers out of Level 3 (2) (160) Consolidation of consolidated investment entities — 54 Deconsolidation of consolidated investment entities (2) (24) Balance, December 31, 2018 $ — $ 226 Changes in unrealized gains (losses) included in income relating to assets held at December 31, 2018 $ — $ (4) (1) (1) Included in net investment income in the Consolidated Statements of Operations. 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, 2020 and 2019 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 15 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. 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, 2020 2019 (in millions) Syndicated loans Unpaid principal balance $ 1,990 $ 1,678 Excess unpaid principal over fair value (81) (81) Fair value $ 1,909 $ 1,597 Fair value of loans more than 90 days past due $ 5 $ 4 Fair value of loans in nonaccrual status 19 42 Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both 24 18 Debt Unpaid principal balance $ 2,069 $ 1,761 Excess unpaid principal over fair value (156) (133) Carrying value (1) $ 1,913 $ 1,628 (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 $2.0 billion and $1.7 billion as of December 31, 2020 and 2019, respectively. During the third quarter of 2020, the Company launched a new CLO and issued debt of $394 million. 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 and gains and losses on sales of investments are also recorded in net investment income. 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 changes in the fair value of financial assets and liabilities for which the fair value option was elected were $(7) million, $(9) million and $47 million for the years ended December 31, 2020, 2019 and 2018, respectively. Debt of the consolidated investment entities and the stated interest rates were as follows: Carrying Value Weighted Average December 31, December 31, 2020 2019 2020 2019 (in millions) Debt of consolidated CLOs due 2025-2031 $ 1,913 $ 1,628 2.1 % 3.5 %

Investments

Investments	12 Months Ended
	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Investments [Text Block]	Investments The following is a summary of investments: December 31, 2020 2019 (in millions) Available-for-Sale securities, at fair value $ 36,283 $ 33,129 Mortgage loans, net (net of allowance for credit losses: 2020, $29; 2019, $19) 2,718 2,778 Policy loans 846 868 Other investments, net (net of allowance for credit losses: 2020, $12; 2019, $5) 1,184 1,140 Total $ 41,031 $ 37,915 Other investments primarily reflect the Company’s interests in affordable housing partnerships, trading securities, seed money investments, syndicated loans, credit card receivables and certificates of deposit with original or remaining maturities at the time of purchase of more than 90 days. The following is a summary of net investment income: Years Ended December 31, 2020 2019 2018 (in millions) Investment income on fixed maturities $ 1,161 $ 1,378 $ 1,353 Net realized gains (losses) (10) (1) (8) 10 Affordable housing partnerships (66) (98) (58) Other 89 97 154 Consolidated investment entities 77 94 137 Total $ 1,251 $ 1,463 $ 1,596 (1) Includes the change in the allowance for credit losses of $(27) million for the year ended December 31, 2020. Available-for-Sale securities distributed by type were as follows: Description of Securities December 31, 2020 Amortized Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value (in millions) Corporate debt securities $ 11,762 $ 1,924 $ (2) $ (10) $ 13,674 Residential mortgage backed securities 9,845 188 (4) — 10,029 Commercial mortgage backed securities 5,867 242 (21) — 6,088 Asset backed securities 3,283 52 (5) (1) 3,329 State and municipal obligations 1,088 297 (1) — 1,384 U.S. government and agency obligations 1,456 — — — 1,456 Foreign government bonds and obligations 241 22 (1) — 262 Other securities 59 2 — — 61 Total $ 33,601 $ 2,727 $ (34) $ (11) $ 36,283 Description of Securities December 31, 2019 Amortized Gross Unrealized Gains Gross Unrealized Losses Fair Value (in millions) Corporate debt securities $ 10,847 $ 1,344 $ (4) $ 12,187 Residential mortgage backed securities 9,954 94 (19) 10,029 Commercial mortgage backed securities 5,473 96 (6) 5,563 Asset backed securities 1,968 42 (4) 2,006 State and municipal obligations 1,131 238 (2) 1,367 U.S. government and agency obligations 1,679 1 — 1,680 Foreign government bonds and obligations 254 19 (2) 271 Other securities 26 — — 26 Total $ 31,332 $ 1,834 $ (37) $ 33,129 As of December 31, 2020 and 2019, accrued interest of $178 million and $177 million, respectively, is excluded from the amortized cost basis of Available-for-Sale securities in the tables above and is recorded in receivables on the Consolidated Balance Sheets. As of December 31, 2020 and 2019, investment securities with a fair value of $3.6 billion and $2.2 billion, respectively, were pledged to meet contractual obligations under derivative contracts and short-term borrowings, of which $454 million and $576 million, respectively, may be sold, pledged or rehypothecated by the counterparty. As of December 31, 2020 and 2019, fixed maturity securities comprised approximately 88% and 87%, respectively, of Ameriprise Financial investments. Rating agency designations are based on the availability of ratings from Nationally Recognized Statistical Rating Organizations (“NRSROs”), including Moody’s Investors Service (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”) and Fitch Ratings Ltd. (“Fitch”). The Company uses the median of available ratings from Moody’s, S&P and Fitch, or, if fewer than three ratings are available, the lower rating is used. When ratings from Moody’s, S&P and Fitch are unavailable, the Company may utilize ratings from other NRSROs or rate the securities internally. As of December 31, 2020 and 2019, the Company’s internal analysts rated $605 million and $624 million, respectively, of securities using criteria similar to those used by NRSROs. A summary of fixed maturity securities by rating was as follows: Ratings December 31, 2020 December 31, 2019 Amortized Fair Value Percent of Total Fair Value Amortized Fair Value Percent of Total Fair Value (in millions, except percentages) AAA $ 19,815 $ 20,253 56 % $ 18,256 $ 18,437 56 % AA 1,082 1,312 3 1,113 1,304 4 A 2,953 3,534 10 3,008 3,474 10 BBB 8,271 9,542 26 8,178 9,102 28 Below investment grade (1) 1,480 1,642 5 777 812 2 Total fixed maturities $ 33,601 $ 36,283 100 % $ 31,332 $ 33,129 100 % (1) The amortized cost and fair value of below investment grade securities includes interest in CLOs managed by the Company of $3 million, as of December 31, 2020, and $5 million and $6 million, respectively, as of December 31, 2019. These securities are not rated but are included in below investment grade due to their risk characteristics. As of December 31, 2020 and 2019, approximately 33% and 45%, respectively, of securities rated AAA were GNMA, FNMA and FHLMC mortgage backed securities. No holdings of any issuer were greater than 10% of total equity. The following tables provide information about Available-for-Sale securities with gross unrealized losses and the length of time that individual securities have been in a continuous unrealized loss position: Description of Securities December 31, 2020 Less than 12 months 12 months or more Total Number of Securities Fair Unrealized Number of Securities Fair Unrealized Number of Securities Fair Unrealized (in millions, except number of securities) Corporate debt securities 26 $ 228 $ (1) 11 $ 19 $ (1) 37 $ 247 $ (2) Residential mortgage backed securities 72 833 (2) 71 391 (2) 143 1,224 (4) Commercial mortgage backed securities 35 781 (11) 19 393 (10) 54 1,174 (21) Asset backed securities 17 344 (3) 13 231 (2) 30 575 (5) State and municipal obligations 2 4 — 1 4 (1) 3 8 (1) Foreign government bonds and obligations 1 3 — 7 8 (1) 8 11 (1) Total 153 $ 2,193 $ (17) 122 $ 1,046 $ (17) 275 $ 3,239 $ (34) Description of Securities December 31, 2019 Less than 12 months 12 months or more Total Number of Securities Fair Unrealized Number of Securities Fair Unrealized Number of Securities Fair Unrealized (in millions, except number of securities) Corporate debt securities 13 $ 66 $ (1) 23 $ 173 $ (3) 36 $ 239 $ (4) Residential mortgage backed securities 150 4,328 (10) 118 1,164 (9) 268 5,492 (19) Commercial mortgage backed securities 52 1,622 (3) 31 314 (3) 83 1,936 (6) Asset backed securities 34 598 (3) 16 213 (1) 50 811 (4) State and municipal obligations 5 23 — 4 57 (2) 9 80 (2) Foreign government bonds and obligations 1 — — 10 15 (2) 11 15 (2) Total 255 $ 6,637 $ (17) 202 $ 1,936 $ (20) 457 $ 8,573 $ (37) As part of the Company’s ongoing monitoring process, management determined that the change in gross unrealized losses on its Available-for-Sale securities during the twelve months ended December 31, 2020 is primarily attributable to lower interest rates as well as credit spread tightening. Consistent with the accounting policy described in Note 2, the Company did not recognize any of the total 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, 2020, 92% 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 Asset Backed Securities Total (in millions) Balance, January 1, 2020 (1) $ — $ — $ — Additions for which credit losses were not previously recorded 13 1 14 Additional increases (decreases) on securities that had an allowance recorded in a previous period (3) — (3) Balance, December 31, 2020 $ 10 $ 1 $ 11 (1) Prior to January 1, 2020, credit losses on Available-for-Sale securities were not recorded in an allowance but were recorded as a reduction of the book value of the security if the security was other-than-temporarily impaired. There is no adoption impact due to the prospective transition for Available-for-Sale securities. Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method, recognized in earnings were as follows: Years Ended December 31, 2020 2019 2018 (in millions) Gross realized investment gains $ 25 $ 30 $ 18 Gross realized investment losses (3) (14) (9) Credit losses (11) (22) — Total $ 11 $ (6) $ 9 Credit losses for the year ended December 31, 2020 primarily related to credit losses on corporate debt securities, primarily in the oil and gas industry. Other-than-temporary impairments for the year ended December 31, 2019 primarily related to corporate debt securities and investments held by AAH. The Company recognized an impairment of $5 million in the first quarter of 2019 on investments held by AAH as the Company no longer intended to hold the securities until the recovery of fair value to book value. See Note 21 for a rollforward of net unrealized investment gains (losses) included in AOCI. Available-for-Sale securities by contractual maturity as of December 31, 2020 were as follows: Amortized Cost Fair Value (in millions) Due within one year $ 2,569 $ 2,584 Due after one year through five years 4,717 5,057 Due after five years through 10 years 2,908 3,213 Due after 10 years 4,412 5,983 14,606 16,837 Residential mortgage backed securities 9,845 10,029 Commercial mortgage backed securities 5,867 6,088 Asset backed securities 3,283 3,329 Total $ 33,601 $ 36,283

Financing Receivables

Financing Receivables	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Financing Receivables [Text Block]	Financing Receivables Financing receivables are comprised of commercial loans, consumer loans, and the deposit receivable. 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 tables present a rollforward of the allowance for credit losses for the year ended December 31, 2020: Commercial Loans Consumer Loans Total (in millions) Balance, December 31, 2019 (1) $ 51 $ — $ 51 Cumulative effect of adoption of current expected credit losses guidance 2 3 5 Balance, January 1, 2020 53 3 56 Provisions 19 2 21 Charge-offs (6) (3) (9) Balance, December 31, 2020 $ 66 $ 2 $ 68 (1) Prior to January 1, 2020, the allowance for credit losses was based on an incurred loss model that did not require estimating expected credit losses over the expected life of the asset. Commercial Loans 2019 2018 (in millions) Balance at January 1 $ 49 $ 49 Provisions 5 6 Charge-offs (4) (6) Recoveries of amounts previously written off 1 — Balance at December 31 $ 51 $ 49 Accrued interest on commercial loans was $16 million and $14 million as of December 31, 2020 and 2019, respectively, and is recorded in receivables on the Consolidated Balance Sheets and excluded from the amortized cost basis of commercial loans. Purchases and Sales During the years ended December 31, 2020, 2019 and 2018, the Company purchased $173 million, $162 million and $221 million, respectively, of syndicated loans, and sold $17 million, $54 million and $51 million, respectively, of syndicated loans. During the year ended December 31, 2020, the Company purchased $22 million of residential loans from a third-party originator shortly after origination. The allowance for credit losses for residential mortgage loans was not material as of December 31, 2020. During the year ended December 31, 2020, the Company acquired $224 million of pledged asset lines of credit that are a 50% participation interest with a third party bank. The Company has not acquired any loans with deteriorated credit quality as of the acquisition date. Credit Quality Information Nonperforming loans were $21 million and $25 million as of December 31, 2020 and 2019, respectively. All other 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, 2020 and 2019. 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. Total commercial mortgage loan modifications in 2020 due to the COVID-19 pandemic consisted of 93 loans with a total unpaid balance of $369 million. Modifications primarily consisted of short-term forbearance and interest only payments. As of December 31, 2020, there was one loan with interest only payments with an unpaid balance of $10 million. All other loans returned to their normal payment schedules. Total commercial mortgage loans past due were nil as of December 31, 2020 and 2019, respectively. The table below presents the amortized cost basis of commercial mortgage loans as of December 31, 2020 by the year of origination and loan-to-value ratio: Loan-to-Value Ratio 2020 2019 2018 2017 2016 Prior Total (in millions) > 100% $ — $ — $ 2 $ — $ — $ 10 $ 12 80% - 100% 15 16 12 3 7 15 68 60% - 80% 89 166 27 32 46 144 504 40% - 60% 23 57 74 155 113 551 973 < 40% 7 23 80 99 64 895 1,168 Total $ 134 $ 262 $ 195 $ 289 $ 230 $ 1,615 $ 2,725 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. 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, 2020 2019 2020 2019 (in millions) East North Central $ 259 $ 239 10 % 9 % East South Central 115 121 4 4 Middle Atlantic 178 182 7 6 Mountain 247 251 9 9 New England 54 54 2 2 Pacific 825 831 30 30 South Atlantic 681 723 25 26 West North Central 198 214 7 8 West South Central 168 182 6 6 2,725 2,797 100 % 100 % Less: allowance for loan losses 29 19 Total $ 2,696 $ 2,778 Concentrations of credit risk of commercial mortgage loans by property type were as follows: Loans Percentage December 31, December 31, 2020 2019 2020 2019 (in millions) Apartments $ 713 $ 692 26 % 25 % Hotel 50 51 2 2 Industrial 427 429 16 15 Mixed use 87 78 3 3 Office 372 419 14 15 Retail 881 931 32 33 Other 195 197 7 7 2,725 2,797 100 % 100 % Less: allowance for loan losses 29 19 Total $ 2,696 $ 2,778 Syndicated Loans The recorded investment in syndicated loans as of December 31, 2020 and 2019 was $595 million and $543 million, respectively. The Company’s syndicated loan portfolio is diversified across industries and issuers. Total syndicated loans past due were $3 million and $1 million as of December 31, 2020 and 2019, respectively. 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. The table below present the amortized cost basis of syndicated loans as of December 31, 2020 by origination year and internal risk rating: Internal Risk Rating 2020 2019 2018 2017 2016 Prior Total (in millions) Risk 5 $ — $ — $ — $ — $ — $ 3 $ 3 Risk 4 — — 4 9 — 10 23 Risk 3 — 9 8 25 13 25 80 Risk 2 30 57 62 69 14 41 273 Risk 1 17 32 47 58 22 40 216 Total $ 47 $ 98 $ 121 $ 161 $ 49 $ 119 $ 595 Financial Advisor Loans The Company offers loans to financial advisors for transitional cost assistance. Repayment of the loan is highly dependent on the retention of the financial advisor. In the event a financial advisor is no longer affiliated with the Company, any unpaid balances become immediately due. Accordingly, the primary risk factor for advisor loans is termination status. The allowance for credit losses related to loans to advisors that have terminated their relationship with the Company was $7 million and $10 million as of December 31, 2020 and December 31, 2019, respectively. The table below presents the amortized cost basis of advisor loans as of December 31, 2020 by origination year and termination status: Termination Status 2020 2019 2018 2017 2016 Prior Total (in millions) Active $ 171 $ 137 $ 101 $ 127 $ 83 $ 86 $ 705 Terminated — — — 1 1 8 10 Total $ 171 $ 137 $ 101 $ 128 $ 84 $ 94 $ 715 Consumer Loans Credit Card Receivables The credit cards are co-branded with Ameriprise Financial, Inc. and issued to the Company’s customers by a third party. FICO scores and delinquency rates are the primary credit quality indicators for the credit card portfolio. Delinquency rates are measured as based on the number of days past due. Credit card receivables over 30 days past due were 1% and 2% as of December 31, 2020 and December 31, 2019, respectively. The table below presents the amortized cost basis of credit card receivables by FICO score as of December 31, 2020: Total (in millions) > 800 $ 28 750 - 799 23 700 - 749 25 650 - 699 15 < 650 5 Total $ 96 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. Margin Loans The Company monitors collateral supporting margin loans and requests additional collateral when necessary in order to mitigate the risk of loss. As of both December 31, 2020 and December 31, 2019, the allowance for credit losses on margin loans was not material. Pledged Asset Lines of Credit During the year ended December 31, 2020, the Company acquired a $224 million interest in an existing portfolio of brokerage client pledged asset lines of credit. The Company monitors collateral supporting pledged assets lines of credit and requests additional collateral when necessary in order to mitigate the risk of loss. As of December 31, 2020, there was no allowance for credit losses on pledged asset lines of credit. Deposit Receivable The deposit receivable was $1.4 billion and $1.5 billion as of December 31, 2020 and 2019. The deposit receivable is fully collateralized by the fair value of the assets held in a trust. Based on management’s evaluation of the nature of the underlying assets and the potential for changes in the collateral value, the Company did not have an allowance for credit losses for the deposit receivable as of both December 31, 2020 and 2019. Troubled Debt Restructurings There were no loans accounted for as a troubled debt restructuring by the Company during the years ended December 31, 2020, 2019 and 2018. There are no commitments to lend additional funds to borrowers whose loans have been restructured.

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2020
Reinsurance Disclosures [Abstract]
Reinsurance [Text Block]	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. 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 and new individual UL and VUL insurance policies beginning in 2002. 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 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. 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. 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 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. 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, 2020 and 2019, traditional life and UL insurance policies in force were $195.7 billion and $195.1 billion, respectively, of which $143.6 billion and $142.8 billion as of December 31, 2020 and 2019 were reinsured at the respective year ends. The effect of reinsurance on premiums for the Company’s traditional long-duration contracts was as follows: Years Ended December 31, 2020 2019 2018 (in millions) Direct premiums $ 565 $ 621 $ 621 Reinsurance ceded (224) (224) (225) Net premiums $ 341 $ 397 $ 396 Cost of insurance and administrative charges for non-traditional long-duration products are reflected in premiums, policy and contract charges and were net of reinsurance ceded of $140 million, $132 million and $126 million for the years ended December 31, 2020, 2019 and 2018, respectively. The effect of reinsurance on premiums for the Company’s short-duration contracts was as follows: Years Ended December 31, 2019 (1) 2018 (in millions) Written premiums Direct $ 864 $ 1,101 Ceded (23) (55) Total net written premiums $ 841 $ 1,046 Earned premiums Direct $ 841 $ 1,124 Ceded (24) (94) Total net earned premiums $ 817 $ 1,030 (1) 2019 amounts include AAH premiums as of September 30, 2019 prior to the sale. The amount of claims recovered through reinsurance on all contracts was $400 million, $407 million and $402 million for the years ended December 31, 2020, 2019 and 2018, respectively. Receivables included $3.4 billion and $3.2 billion of reinsurance recoverables as of December 31, 2020 and 2019, respectively, including $2.7 billion and $2.5 billion related to LTC risk ceded to Genworth, respectively. Policyholder account balances, future policy benefits and claims include $440 million and $466 million related to previously assumed reinsurance arrangements as of December 31, 2020 and 2019, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets [Text Block]	Goodwill and Other Intangible Assets Goodwill and intangible assets deemed to have indefinite lives are not amortized but are instead subject to impairment tests. There were $2 million and $5 million of impairments of indefinite-lived intangible assets recorded for the years ended December 31, 2020 and 2019. There was no impairment for the year ended December 31, 2018. The changes in the carrying amount of goodwill reported in the Company’s main operating segments were as follows: Advice & Wealth Management Asset Retirement & Protection Solutions Consolidated (in millions) Balance at January 1, 2019 $ 279 $ 788 $ 91 $ 1,158 Foreign currency translation — 10 — 10 Other adjustments — (1) — (1) Balance at December 31, 2019 279 797 91 1,167 Foreign currency translation — 10 — 10 Other adjustments — (1) — (1) Balance at December 31, 2020 $ 279 $ 806 $ 91 $ 1,176 As of December 31, 2020 and 2019, the carrying amount of indefinite-lived intangible assets included $640 million and $641 million, respectively, of investment management contracts. As of both December 31, 2020 and 2019, the carrying amount of indefinite-lived intangible assets included $69 million of trade names. Definite-lived intangible assets consisted of the following: December 31, 2020 December 31, 2019 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (in millions) Customer relationships $ 193 $ (155) $ 38 $ 192 $ (146) $ 46 Contracts 223 (211) 12 219 (202) 17 Other 226 (168) 58 197 (147) 50 Total $ 642 $ (534) $ 108 $ 608 $ (495) $ 113 Definite-lived intangible assets acquired during the year ended December 31, 2020 were $25 million with a weighted average amortization period of 5 years. The aggregate amortization expense for definite-lived intangible assets during the years ended December 31, 2020, 2019 and 2018 was $31 million, $37 million and $30 million, respectively. In 2020, 2019 and 2018, the Company did not record any impairment charges on definite-lived intangible assets. Estimated intangible amortization expense as of December 31, 2020 for the next five years is as follows: (in millions) 2021 $ 32 2022 28 2023 24 2024 11 2025 7

Deferred Acquisition Costs and

Deferred Acquisition Costs and Deferred Sales Inducement Costs	12 Months Ended
	Dec. 31, 2020
Deferred Charges, Insurers [Abstract]
Deferred acquisition costs and deferred sales inducement costs [Text Block]	Deferred Acquisition Costs and Deferred Sales Inducement Costs Management updates market-related inputs on a quarterly basis and implements model changes related to the living benefit valuation. In addition, management conducts its annual review of life insurance and annuity valuation assumptions relative to current experience and management expectations including modeling changes. These aforementioned changes are collectively referred to as unlocking. The impact of unlocking to DAC for the year ended December 31, 2020 primarily reflected updates to interest rate assumptions, partially offset by a favorable impact from lower surrenders on annuity contracts with a withdrawal benefit. The impact of unlocking to DAC for the year ended December 31, 2019 primarily reflected updated mortality assumptions on UL and VUL insurance products and lower surrender rate assumptions on variable annuities, partially offset by an unfavorable impact from updates to assumptions on utilization of guaranteed withdrawal benefits. The impact of unlocking to DAC for the year ended December 31, 2018 primarily reflected improved persistency and mortality on UL and VUL insurance products and a correction related to a variable annuity model assumption partially offset by updates to market-related inputs to the living benefit valuation. The balances of and changes in DAC were as follows: 2020 2019 2018 (in millions) Balance at January 1 $ 2,698 $ 2,776 $ 2,676 Capitalization of acquisition costs 228 291 318 Amortization (177) (165) (355) Amortization, impact of valuation assumptions review (100) (14) 33 Impact of change in net unrealized (gains) losses on securities (117) (175) 104 Disposal of business — (15) — Balance at December 31 $ 2,532 $ 2,698 $ 2,776 The balances of and changes in DSIC, which is included in other assets, were as follows: 2020 2019 2018 (in millions) Balance at January 1 $ 218 $ 251 $ 276 Capitalization of sales inducement costs 1 1 2 Amortization (13) (15) (43) Amortization, impact of valuation assumptions review (16) — — Impact of change in net unrealized (gains) losses on securities (1) (19) 16 Balance at December 31 $ 189 $ 218 $ 251

Policyholder Account Balances,

Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities	12 Months Ended
	Dec. 31, 2020
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities [Text Block]	Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities Policyholder account balances, future policy benefits and claims consisted of the following: December 31, 2020 2019 (in millions) Policyholder account balances Fixed annuities (1) $ 8,531 $ 8,909 Variable annuity fixed sub-accounts 5,104 5,103 UL/VUL insurance 3,122 3,110 IUL insurance 2,269 2,025 Structured variable annuities 1,371 — Other life insurance 605 646 Total policyholder account balances 21,002 19,793 Future policy benefits Variable annuity GMWB 3,049 1,462 Variable annuity GMAB (2) 1 (39) Other annuity liabilities 211 139 Fixed annuity life contingent liabilities 1,370 1,444 Life and DI insurance 1,187 1,212 LTC insurance 5,722 5,302 UL/VUL and other life insurance additional liabilities 1,259 1,033 Total future policy benefits 12,799 10,553 Policy claims and other policyholders’ funds 191 166 Total policyholder account balances, future policy benefits and claims $ 33,992 $ 30,512 (1) Includes fixed deferred annuities, non-life contingent fixed payout annuities and fixed deferred indexed annuity host contracts. (2) Includes the fair value of GMAB embedded derivatives that was a net asset as of both December 31, 2020 and 2019 reported as a contra liability. 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, ranging from 2.27% to 9.38% as of December 31, 2020, depending on year of issue, with an average rate of approximately 3.7%. The Company generally invests the proceeds from the annuity contracts in fixed rate securities. The Company’s equity indexed annuity (“EIA”) product is a single premium fixed deferred annuity. The Company discontinued new sales of EIAs in 2007. The contract was issued with an initial term of seven years and interest earnings are linked to the performance of the S&P 500 ® Index. This annuity has a minimum interest rate guarantee of 3% on 90% of the initial premium, adjusted for any surrenders. The Company generally invests the proceeds from the annuity contracts in fixed rate securities and hedges the equity risk with derivative instruments. 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 Company previously offered S&P 500 ® Index and MSCI ® EAFE Index account options. Both options offered two crediting durations, one-year and two-year. The contractholder could allocate all or a portion of the policy value to a fixed or indexed account. The portion of the policy allocated to the indexed account is accounted for as an embedded derivative. The Company hedges the interest credited rate including equity and interest rate risk related to the indexed account with derivative instruments. The contractholder could choose to add a GMWB for life rider for an additional fee. See Note 17 for additional information regarding the Company’s derivative instruments used to hedge the risk related to indexed annuities. 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 currently issued by the Company contain one or more guaranteed benefits, including GMWB, GMAB, GMDB and GGU provisions. The Company previously offered contracts with GMIB provisions. See Note 2 and Note 12 for additional information regarding the Company’s variable annuity guarantees. The Company does not currently hedge its risk under the GGU and GMIB provisions. See Note 15 and Note 17 for additional information regarding the Company’s derivative instruments used to hedge risks related to GMWB, GMAB and GMDB provisions. Structured Variable Annuities In 2020, the Company began offering structured variable annuities which gives contractholders the option to allocate a portion of their account value to an indexed account with the contractholder’s rate of return, which may be positive or negative, tied to selected indices. Insurance Liabilities UL/VUL is the largest group of insurance policies written by the Company. Purchasers of UL 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 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 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 and floor). The Company offers an S&P 500 ® Index account option and a blended multi-index account option comprised of the S&P 500 Index, the MSCI ® EAFE Index and the MSCI EM Index. Both options offer two crediting durations, one-year and two-year. The policyholder may allocate all or a portion of the policy value to a fixed or any available indexed account. The portion of the policy allocated to the indexed account is accounted for as an embedded derivative at fair value. The Company hedges the interest credited rate including equity and interest rate risk related to the indexed account with derivative instruments. See Note 17 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 liability for estimates of benefits that will become payable on future claims on term life, whole life and DI policies is based on the net level premium and LTC policies is based on a gross premium valuation reflecting management’s current best estimate assumptions. Both include the anticipated interest rates earned on assets supporting the liability. Anticipated interest rates for term and whole life ranged from 2.25% to 10% as of December 31, 2020. Anticipated interest rates for DI policies ranged from 2.25% to 7.5% as of December 31, 2020 and for LTC policies ranged from 5% to 5.7% as of December 31, 2020. The liability for unpaid reported claims on DI and LTC policies includes an estimate of the present value of obligations for continuing benefit payments. The discount rates used to calculate present values are based on average interest rates earned on assets supporting the liability for unpaid amounts and were 4.5% and 6% for DI and LTC claims, respectively, as of December 31, 2020. Portions of the Company’s UL and VUL policies have product features that result in profits followed by losses from the insurance component of the policy. These profits followed by losses can be generated by the cost structure of the product or secondary guarantees in the policy. 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. Separate Account Liabilities Separate account liabilities consisted of the following: December 31, 2020 2019 (in millions) Variable annuity $ 79,299 $ 74,965 VUL insurance 8,226 7,429 Other insurance 31 31 Threadneedle investment liabilities 5,055 5,063 Total $ 92,611 $ 87,488 Threadneedle Investment Liabilities Threadneedle provides a range of unitized pooled pension funds, which invest in property, stocks, bonds and cash. The investments are selected by the clients and are based on the level of risk they are willing to assume. All investment performance, net of fees, is passed through to the investors. The value of the liabilities represents the fair value of the pooled pension funds.

Variable Annuity and Insurance

Variable Annuity and Insurance Guarantees	12 Months Ended
	Dec. 31, 2020
Insurance [Abstract]
Variable annuity and insurance guarantees [Text Block]	Variable Annuity and Insurance Guarantees The majority of the variable annuity contracts offered by the Company contain GMDB provisions. The Company also offers variable annuities with GGU, GMWB and GMAB provisions. The Company previously offered contracts containing GMIB provisions. See Note 2 and Note 11 for additional information regarding the Company’s variable annuity guarantees. The GMDB and GGU 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 every sixth contract anniversary 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 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 can also 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. Certain UL policies offered by the Company provide secondary guarantee benefits. 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 following table provides information related to variable annuity guarantees for which the Company has established additional liabilities: Variable Annuity Guarantees by Benefit Type (1) December 31, 2020 December 31, 2019 Total Contract Value Contract Value in Separate Accounts Net Amount at Risk Weighted Average Attained Age Total Contract Value Contract Value in Separate Accounts Net Amount at Risk Weighted Average Attained Age (in millions, except age) GMDB: Return of premium $ 66,874 $ 64,932 $ 5 68 $ 62,909 $ 60,967 $ 5 67 Five/six-year reset 8,116 5,386 6 68 7,983 5,263 7 67 One-year ratchet 6,094 5,763 8 71 5,935 5,600 7 70 Five-year ratchet 1,436 1,381 — 67 1,396 1,340 — 66 Other 1,261 1,243 45 73 1,192 1,174 65 73 Total — GMDB $ 83,781 $ 78,705 $ 64 68 $ 79,415 $ 74,344 $ 84 67 GGU death benefit $ 1,183 $ 1,126 $ 162 71 $ 1,115 $ 1,063 $ 133 71 GMIB $ 187 $ 173 $ 6 71 $ 186 $ 172 $ 6 70 GMWB: GMWB $ 1,972 $ 1,967 $ 1 74 $ 1,999 $ 1,993 $ 1 73 GMWB for life 50,142 50,057 185 69 46,799 46,691 272 68 Total — GMWB $ 52,114 $ 52,024 $ 186 69 $ 48,798 $ 48,684 $ 273 68 GMAB $ 2,291 $ 2,291 $ — 61 $ 2,528 $ 2,524 $ — 60 (1) Individual variable annuity contracts may have more than one guarantee and therefore may be included in more than one benefit type. Variable annuity contracts for which the death benefit equals the account value are not shown in this table. The net amount at risk for GMDB, GGU 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 table provides information related to insurance guarantees for which the Company has established additional liabilities: December 31, 2020 December 31, 2019 Net Amount at Risk Weighted Average Attained Age Net Amount at Risk Weighted Average Attained Age (in millions, except age) UL secondary guarantees $ 6,587 67 $ 6,550 67 The net amount at risk for UL secondary guarantees is defined as the current guaranteed death benefit amount in excess of the current policyholder account balance. Changes in additional liabilities (contra liabilities) for variable annuity and insurance guarantees were as follows: GMDB & GGU GMIB GMWB (1) GMAB (1) UL (in millions) Balance at January 1, 2018 $ 17 $ 6 $ 463 $ (80) $ 489 Incurred claims 8 2 412 61 201 Paid claims (6) — — — (31) Balance at December 31, 2018 19 8 875 (19) 659 Incurred claims 2 (1) 587 (20) 141 Paid claims (5) — — — (42) Balance at December 31, 2019 16 7 1,462 (39) 758 Incurred claims 15 — 1,587 40 209 Paid claims (7) (1) — — (51) Balance at December 31, 2020 $ 24 $ 6 $ 3,049 $ 1 $ 916 (1) The incurred claims for GMWB and GMAB include the change in the fair value of the liabilities (contra liabilities) less paid claims. The liabilities for guaranteed benefits are supported by general account assets. The following table summarizes the distribution of separate account balances by asset type for variable annuity contracts providing guaranteed benefits: December 31, 2020 2019 (in millions) Mutual funds: Equity $ 45,947 $ 44,739 Bond 26,073 23,374 Other 6,911 6,471 Total mutual funds $ 78,931 $ 74,584 No gains or losses were recognized on assets transferred to separate accounts for the years ended December 31, 2020, 2019 and 2018.

Customer Deposits

Customer Deposits	12 Months Ended
	Dec. 31, 2020
Deposits [Abstract]
Customer deposits [Text Block]	Customer Deposits Customer deposits consisted of the following: December 31, 2020 2019 (in millions) Fixed rate certificates $ 6,341 $ 7,032 Stock market certificates 389 456 Stock market embedded derivative 8 7 Other 22 27 Less: accrued interest classified in other liabilities (10) (21) Total investment certificate reserves 6,750 7,501 Banking and brokerage deposits 10,891 6,929 Total $ 17,641 $ 14,430 Investment Certificates The Company offers fixed rate investment certificates primarily in amounts ranging from $1,000 to $2 million with interest crediting rate terms ranging from 3 to 36 months. Investment certificates may be purchased either with a lump sum payment or installment payments. Certificate owners are entitled to receive a fixed sum at either maturity or upon demand depending on the type of certificate. Payments from certificate owners are credited to investment certificate reserves, which generally accumulate interest at specified percentage rates. Certain investment certificates allow for a surrender charge on premature surrenders. Reserves for certificates that do not allow for a surrender charge were $3.2 billion as of December 31, 2020. The Company generally invests the proceeds from investment certificates in fixed and variable rate securities. Certain investment certificate products have returns tied to the performance of equity markets. The Company guarantees the principal for purchasers who hold the certificate for the full term and purchasers may participate in increases in the stock market based on the S&P 500 ® Index, up to a maximum return. Purchasers can choose 100% participation in the market index up to the cap or 25% participation plus fixed interest with a combined total up to the cap. Current first term certificates have maximum returns of 1.10% to 7.50%, depending on the term length. The equity component of these certificates is considered an embedded derivative and is accounted for separately. See Note 17 for additional information about derivative instruments used to economically hedge the equity price risk related to the Company’s stock market certificates. Banking and Brokerage Deposits Banking and brokerage deposits are amounts due on demand to customers related to free credit balances, funds deposited by customers and funds accruing to customers as a result of trades or contracts. The Company pays interest on certain customer credit balances and the interest is included in banking and deposit interest expense.

Debt

Debt	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Debt [Text Block]	Debt The balances and the stated interest rates of outstanding debt of Ameriprise Financial were as follows: Outstanding Balance Stated Interest Rate December 31, December 31, 2020 2019 2020 2019 (in millions) Long-term debt: Senior notes due 2020 $ — $ 750 — % 5.3 % Senior notes due 2022 500 500 3.0 3.0 Senior notes due 2023 750 750 4.0 4.0 Senior notes due 2024 550 550 3.7 3.7 Senior notes due 2025 500 — 3.0 — Senior notes due 2026 500 500 2.9 2.9 Finance lease liabilities 44 57 N/A N/A Other (1) (13) (10) N/A N/A Total long-term debt 2,831 3,097 Short-term borrowings: Federal Home Loan Bank (“FHLB”) advances 200 201 0.4 1.8 Total $ 3,031 $ 3,298 N/A Not Applicable (1) Amounts include adjustments for fair value hedges on the Company’s long-term debt and unamortized discount and debt issuance costs. See Note 17 for information on the Company’s fair value hedges. Long-Term Debt On April 2, 2020, the Company issued $500 million of unsecured 3.0% senior notes due April 2, 2025 and incurred debt issuance costs of $4 million. Interest payments are due semi-annually in arrears on April 2 and October 2, commencing on October 2, 2020. The Company repaid $750 million principal amount of its 5.3% senior notes at maturity on March 16, 2020. The Company’s senior notes due 2022, 2023, 2024, 2025 and 2026 may be redeemed, in whole or in part, at any time prior to maturity at a price equal to the greater of the principal amount and the present value of remaining scheduled payments, discounted to the redemption date, plus accrued interest. Short-term Borrowings The Company’s life insurance and bank subsidiaries are members of the FHLB of Des Moines which provides access to collateralized borrowings. The Company has pledged Available-for-Sale securities consisting of commercial mortgage backed securities and residential mortgage backed securities as collateral to access these borrowings. The fair value of the securities pledged is recorded in investments and was $1.3 billion and $905 million, of commercial mortgage backed securities, and $604 million and $184 million, of residential mortgage backed securities, as of December 31, 2020 and 2019, respectively. The remaining maturity of outstanding FHLB advances was less than three months as of December 31, 2020 and less than two months as of December 31, 2019. The stated interest rate of the FHLB advances is a weighted average annualized interest rate on the outstanding borrowings as of the balance sheet date.

Offsetting Assets and Liabiliti

Offsetting Assets and Liabilities	12 Months Ended
	Dec. 31, 2020
Offsetting [Abstract]
Offsetting Assets and Liabilities [Text Block]	Offsetting Assets and Liabilities Certain financial instruments and derivative instruments are eligible for offset in the Consolidated Balance Sheets. The Company’s derivative instruments, repurchase agreements and securities borrowing and lending agreements 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. Securities borrowed and loaned result from transactions between the Company’s broker dealer subsidiary and other financial institutions and are recorded at the amount of cash collateral advanced or received. Securities borrowed and securities loaned are primarily equity securities. The Company’s securities borrowed and securities loaned transactions generally do not have a fixed maturity date and may be terminated by either party under customary terms. 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, 2020 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 Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 5,501 $ — $ 5,501 $ (3,862) $ (1,287) $ (315) $ 37 OTC cleared 58 — 58 (25) — — 33 Exchange-traded 311 — 311 (91) (165) — 55 Total derivatives 5,870 — 5,870 (3,978) (1,452) (315) 125 Securities borrowed 147 — 147 (43) — (103) 1 Total $ 6,017 $ — $ 6,017 $ (4,021) $ (1,452) $ (418) $ 126 December 31, 2019 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 Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 4,258 $ — $ 4,258 $ (2,933) $ (1,244) $ (73) $ 8 OTC cleared 21 — 21 (21) — — — Exchange-traded 82 — 82 (5) — — 77 Total derivatives 4,361 — 4,361 (2,959) (1,244) (73) 85 Securities borrowed 102 — 102 (14) — (85) 3 Total $ 4,463 $ — $ 4,463 $ (2,973) $ (1,244) $ (158) $ 88 (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, 2020 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 in the Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 4,192 $ — $ 4,192 $ (3,862) $ (1) $ (327) $ 2 OTC cleared 25 — 25 (25) — — — Exchange-traded 95 — 95 (91) — — 4 Total derivatives 4,312 — 4,312 (3,978) (1) (327) 6 Securities loaned 205 — 205 (43) — (157) 5 Total $ 4,517 $ — $ 4,517 $ (4,021) $ (1) $ (484) $ 11 December 31, 2019 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 in the Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 3,473 $ — $ 3,473 $ (2,933) $ — $ (540) $ — OTC cleared 41 — 41 (21) — — 20 Exchange-traded 11 — 11 (5) — — 6 Total derivatives 3,525 — 3,525 (2,959) — (540) 26 Securities loaned 104 — 104 (14) — (87) 3 Total $ 3,629 $ — $ 3,629 $ (2,973) $ — $ (627) $ 29 (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. Securities borrowing and lending agreements are reflected in receivables and other liabilities, respectively. See Note 17 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, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities [Text Block]	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, foreign exchange 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 16 for additional information regarding the estimated fair value of the Company’s freestanding derivatives after considering the effect of master netting arrangements and collateral. 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, 2020 December 31, 2019 Notional Gross Fair Value Notional Gross Fair Value Assets (1) Liabilities (2)(3) Assets (1) Liabilities (2)(3) (in millions) Derivatives designated as hedging instruments Interest rate contracts - fair value hedges $ — $ — $ — $ 375 $ 3 $ — Foreign exchange contracts - net investment hedges 32 — 2 93 — 3 Total qualifying hedges 32 — 2 468 3 3 Derivatives not designated as hedging instruments Interest rate contracts 77,951 1,755 734 57,979 1,452 418 Equity contracts 57,254 4,090 3,571 61,921 2,884 3,098 Credit contracts 2,297 2 1 1,419 4 — Foreign exchange contracts 3,423 23 4 3,412 18 6 Other contracts — — — 1 — — Total non-designated hedges 140,925 5,870 4,310 124,732 4,358 3,522 Embedded derivatives GMWB and GMAB (4) N/A — 2,316 N/A — 763 IUL N/A — 935 N/A — 881 Fixed deferred indexed annuities N/A — 52 N/A — 46 Structured variable annuities N/A — 70 N/A — — SMC N/A — 8 N/A — 14 Total embedded derivatives N/A — 3,381 N/A — 1,704 Total derivatives $ 140,957 $ 5,870 $ 7,693 $ 125,200 $ 4,361 $ 5,229 N/A Not applicable. (1) The fair value of freestanding derivative assets is included in Other assets on the Consolidated Balance Sheets. (2) The fair value of freestanding derivative liabilities is included in Other liabilities on the Consolidated Balance Sheets. The fair value of GMWB and GMAB, IUL, and fixed deferred indexed annuity and structured variable annuity embedded derivatives is included in Policyholder account balances, future policy benefits and claims on the Consolidated Balance Sheets. The fair value of the SMC embedded derivative liability is included in Customer deposits on the Consolidated Balance Sheets. (3) The fair value of the Company’s derivative liabilities after considering the effects of master netting arrangements, cash collateral held by the same counterparty and the fair value of net embedded derivatives was $3.7 billion and $2.3 billion as of December 31, 2020 and 2019, respectively. See Note 16 for additional information related to master netting arrangements and cash collateral. (4) The fair value of the GMWB and GMAB embedded derivatives as of December 31, 2020 included $2.4 billion of individual contracts in a liability position and $67 million of individual contracts in an asset position. The fair value of the GMWB and GMAB embedded derivatives as of December 31, 2019 included $981 million of individual contracts in a liability position and $218 million of individual contracts in an asset position. See Note 15 for additional information regarding the Company’s fair value measurement of derivative instruments. As of December 31, 2020 and 2019, investment securities with a fair value of $325 million and $84 million, respectively, were received as collateral to meet contractual obligations under derivative contracts, of which $325 million and $84 million, respectively, may be sold, pledged or rehypothecated by the Company. As of both December 31, 2020 and 2019, the Company had sold, pledged or rehypothecated none of these securities. In addition, as of both December 31, 2020 and 2019, non-cash collateral accepted was held in separate custodial accounts and was not included in the Company’s Consolidated Balance Sheets. Derivatives Not Designated as Hedges The following table presents a summary of the impact of derivatives not designated as hedging instruments, including embedded derivatives, on the Consolidated Statements of Operations: Net Investment Income Banking and Deposit Interest Expense Distribution Expenses Interest Credited to Fixed Accounts Benefits, Claims, Losses and Settlement Expenses General and Administrative Expense (in millions) Year Ended December 31, 2020 Interest rate contracts $ (1) $ — $ 2 $ — $ 1,633 $ — Equity contracts (1) 1 100 55 (744) 15 Credit contracts — — 1 — (106) — Foreign exchange contracts 1 — — — (8) 10 Other contracts — — — — — — GMWB and GMAB embedded derivatives — — — — (1,553) — IUL embedded derivatives — — — 7 — — Fixed deferred indexed annuity embedded derivatives — — — (4) — — SMC embedded derivatives — (1) — — — — Structured variable annuity embedded derivatives — — — — (91) — Total gain (loss) $ (1) $ — $ 103 $ 58 $ (869) $ 25 Year Ended December 31, 2019 Interest rate contracts $ (34) $ — $ — $ — $ 1,097 $ — Equity contracts — 11 99 117 (1,547) 16 Credit contracts — — — — (73) — Foreign exchange contracts — — — — (30) (1) Other contracts — — — — — — GMWB and GMAB embedded derivatives — — — — (435) — IUL embedded derivatives — — — (140) — — Fixed deferred indexed annuity embedded derivatives — — — (8) — — SMC embedded derivatives — (9) — — — — Total gain (loss) $ (34) $ 2 $ 99 $ (31) $ (988) $ 15 Year Ended December 31, 2018 Interest rate contracts $ 12 $ — $ — $ — $ (312) $ — Equity contracts — (4) (42) (49) 302 (7) Credit contracts — — — — 7 — Foreign exchange contracts (2) — — — 1 (9) Other contracts — — — — (3) — GMWB and GMAB embedded derivatives — — — — (377) — IUL embedded derivatives — — — 63 — — Indexed annuity embedded derivatives — — — 3 — — SMC embedded derivatives — 4 — — — — Total gain (loss) $ 10 $ — $ (42) $ 17 $ (382) $ (16) 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. Certain annuity contracts contain GMWB or GMAB provisions, which guarantee the right to make limited partial withdrawals each contract year regardless of the volatility inherent in the underlying investments or guarantee a minimum accumulation value of consideration received at the beginning of the contract period, after a specified holding period, respectively. The indexed portion of structured variable annuities and the GMAB and non-life contingent GMWB provisions 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. The Company economically hedges the aggregate exposure related to the indexed portion of structured variable annuities and the GMAB and non-life contingent GMWB provisions using options (equity index, interest rate swaptions, etc.), swaps (interest rate, total return, etc.) and futures. The deferred premium associated with certain of the above options and swaptions is paid or received semiannually 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 and swaptions as of December 31, 2020: Premiums Payable Premiums Receivable (in millions) 2021 $ 153 $ 106 2022 207 205 2023 51 43 2024 141 26 2025 126 7 2026-2028 254 — Total $ 932 $ 387 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. The Company has a macro hedge program to provide protection against the statutory tail scenario risk arising from variable annuity reserves on its statutory surplus and to cover some of the residual risks not covered by other hedging activities. As a means of economically hedging these risks, the Company may use a combination of futures, options, swaps and swaptions. Certain of the macro hedge derivatives may contain settlement provisions linked to both equity returns and interest rates. The Company’s macro hedge derivatives that contain settlement provisions linked to both equity returns and interest rates, if any, are shown in other contracts in the tables above. Fixed deferred indexed annuity, structured variable annuity, IUL and stock market certificate 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 fixed deferred indexed annuity, structured variable annuity, IUL and stock market certificate products will positively or negatively impact earnings over the life of these products. The equity component of fixed deferred indexed annuity, structured variable annuity, IUL and stock market certificate 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 index options and futures contracts. The Company enters into futures, credit default swaps and commodity swaps to manage its exposure to price risk arising from seed money investments in proprietary investment products. The Company enters into foreign currency forward contracts to economically hedge its exposure to certain foreign transactions. The Company enters into futures and total return swaps to economically hedge its exposure related to compensation plans. The Company enters into interest rate swaps to offset interest rate changes on unrealized gains or losses for certain investments. Cash Flow Hedges The Company has designated derivative instruments as a cash flow hedge of interest rate exposure on forecasted debt interest payments. For derivative instruments that qualify as cash flow hedges, 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 within the same line item as the earnings impact of the hedged item in interest and debt expense. Prior to the adoption of the new accounting standard Derivatives and Hedging - Targeted Improvements to Accounting for Hedging Activities on January 1, 2019, the Company recorded the effective portion of the gain or loss on the derivative instruments in AOCI and any ineffective portion in current period earnings. See Note 3 for additional information on the adoption of the new accounting standard. For the years ended December 31, 2020, 2019 and 2018, the amounts reclassified from AOCI to earnings related to cash flow hedges were immaterial. The estimated net amount recorded in AOCI as of December 31, 2020 that the Company expects to reclassify to earnings as a reduction to interest and debt expense within the next twelve months is $0.5 million. Currently, the longest period of time over which the Company is hedging exposure to the variability in future cash flows is 15 years and relates to forecasted debt interest payments. See Note 21 for a rollforward of net unrealized derivative gains (losses) included in AOCI related to cash flow hedges. Fair Value Hedges The Company entered into and designated as fair value hedges two interest rate swaps to convert senior notes due 2019 and 2020 from fixed rate debt to floating rate debt. The interest rate swap related to the senior notes due March 2020 was settled during the first quarter when the debt was repaid. The swaps have identical terms as the underlying debt being hedged. The Company no longer had any fair value hedges outstanding as of December 31, 2020. The Company recognizes gains and losses on the derivatives and the related hedged items within interest and debt expense. See Note 14 for the cumulative basis adjustments for fair value hedges. The following table is a summary of the impact of derivatives designated as hedges on the Consolidated Statements of Operations: Years Ended December 31, 2020 2019 Total interest and debt expense per Consolidated Statements of Operations $ 162 $ 214 Gain (loss) on interest rate contracts designated as fair value hedges: Hedged items $ 1 $ 5 Derivatives designated as fair value hedges (1) (5) Gain (loss) on interest rate contracts designated as cash flow hedges: Amount of gain (loss) reclassified from AOCI into income $ 1 $ 2 Net Investment Hedges The Company entered into, and designated as net investment hedges in foreign operations, forward contracts to hedge a portion of the Company’s foreign currency exchange rate risk associated with its investment in Threadneedle. As the Company determined that the forward contracts are effective, the change in fair value of the derivatives is recognized in AOCI as part of the foreign currency translation adjustment. For the years ended December 31, 2020 and 2019, the Company recognized a gain of $1 million and loss of $2 million, respectively, in OCI. 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 16 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 debt rating (or based on the financial strength of the Company’s life insurance subsidiaries for contracts in which those subsidiaries are the counterparty). Additionally, certain of the Company’s derivative contracts contain provisions that allow the counterparty to terminate the contract if the Company’s debt does not maintain a specific credit rating (generally an investment grade rating) or the Company’s life insurance subsidiary does not maintain a specific financial strength 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, 2020 and 2019, the aggregate fair value of derivative contracts in a net liability position containing such credit contingent provisions was $326 million and $189 million, respectively. The aggregate fair value of assets posted as collateral for such instruments as of December 31, 2020 and 2019 was $324 million and $189 million, respectively. If the credit contingent provisions of derivative contracts in a net liability position as of December 31, 2020 and 2019 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 $2 million and nil, respectively.

Leases Leases

Leases Leases	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Lessee, Operating and Finance Leases [Text Block]	Leases The following table presents the balances for operating and finance ROU assets and lease liabilities: Leases Balance Sheet Classification December 31, 2020 December 31, 2019 Assets Operating lease assets Other assets $ 215 $ 215 Finance lease assets Other assets 44 52 Total lease assets $ 259 $ 267 Liabilities Operating lease liabilities Other liabilities $ 254 $ 243 Finance lease liabilities Long-term debt 44 57 Total lease liabilities $ 298 $ 300 The components of lease expense include operating and finance lease costs. For the year ended December 31, 2020, operating lease costs were $57 million. For the year ended December 31, 2020, finance lease costs consisted of $10 million in amortization and $2 million of interest expense. Amortization is recorded in general and administrative expenses and interest expense is recorded in interest and debt expense in the Consolidated Statements of Operations. Maturities of lease liabilities, weighted-average remaining term and weighted-average discount rate are as follows: Maturity of Lease Liabilities December 31, 2020 Finance Leases Operating Leases (in millions) 2021 $ 9 $ 64 2022 10 51 2023 10 43 2024 10 32 2025 9 27 Thereafter — 58 Total lease payments 48 275 Less: Interest (4) (21) Present value of lease liabilities $ 44 $ 254 Weighted-average remaining lease term (years) 4.8 5.8 Weighted-average discount rate 3.4 % 2.6 % Maturity of Lease Liabilities December 31, 2019 Finance Leases Operating Leases (in millions) 2020 $ 14 $ 55 2021 10 50 2022 10 42 2023 10 35 2024 10 24 Thereafter 9 63 Total lease payments 63 269 Less: Interest (6) (26) Present value of lease liabilities $ 57 $ 243 Weighted-average remaining lease term (years) 5.8 6.1 Weighted-average discount rate 3.4 % 3.0 %

Disposal of Business

Disposal of Business	12 Months Ended
	Dec. 31, 2020
Reorganizations [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Disposal of Business On October 1, 2019, the Company completed the sale of AAH to American Family Insurance Mutual Holding Company (American Family Insurance). The Company received gross proceeds of $1.1 billion in cash at closing. After a payment to an affinity partner, the net proceeds were $1.0 billion. The Company recognized a gain on disposal of $213 million in the fourth quarter of 2019, which is net of the $100 million payment to an affinity partner.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Compensation [Text Block]	Share-Based Compensation The Company’s share-based compensation plans consist of the Amended and Restated Ameriprise Financial 2005 Incentive Compensation Plan (the “2005 ICP”), the Ameriprise Financial 2008 Employment Incentive Equity Award Plan (the “2008 Plan”), the Ameriprise Financial Franchise Advisor Deferred Compensation Plan (“Franchise Advisor Deferral Plan”) and the Ameriprise Advisor Group Deferred Compensation Plan (“Advisor Group Deferral Plan”). The components of the Company’s share-based compensation expense, net of forfeitures, were as follows: December 31, 2020 2019 2018 (in millions) Stock option $ 23 $ 31 $ 35 Restricted stock 24 22 24 Restricted stock units 99 82 85 Liability awards 67 53 2 Total $ 213 $ 188 $ 146 For the years ended December 31, 2020, 2019 and 2018, total income tax benefit recognized by the Company related to share-based compensation expense was $45 million, $40 million and $31 million, respectively. As of December 31, 2020, there was $134 million of total unrecognized compensation cost related to non-vested awards under the Company’s share-based compensation plans, which is expected to be recognized over a weighted-average period of 3.1 years. Amended and Restated Ameriprise Financial 2005 Incentive Compensation Plan The 2005 ICP, which was amended and approved by shareholders on April 30, 2014, provides for the grant of cash and equity incentive awards to directors, employees and independent contractors, including stock options, restricted stock awards, restricted stock units, stock appreciation rights, performance shares and similar awards designed to comply with the applicable federal regulations and laws of jurisdiction. Under the 2005 ICP, a maximum of 54.4 million shares may be issued. Of this total, no more than 4.5 million shares may be issued after April 30, 2014 for full value awards, which are awards other than stock options and stock appreciation rights. Shares issued under the 2005 ICP may be authorized and unissued shares or treasury shares. Ameriprise Financial 2008 Employment Incentive Equity Award Plan The 2008 Plan is designed to align employees’ interests with those of the shareholders of the Company and attract and retain new employees. The 2008 Plan provides for the grant of equity incentive awards to new employees, primarily those, who became employees in connection with a merger or acquisition, including stock options, restricted stock awards, restricted stock units, and other equity-based awards designed to comply with the applicable federal and foreign regulations and laws of jurisdiction. Under the 2008 Plan, a maximum of 6.0 million shares may be issued. Stock Options Stock options granted under the 2005 ICP and the 2008 Plan have an exercise price not less than 100% of the current fair market value of a share of the Company’s common stock on the grant date and a maximum term of 10 years. Stock options granted generally vest ratably over three to four years. Vesting of option awards may be accelerated based on age and length of service. Stock options granted are expensed on a straight-line basis over the vesting period based on the fair value of the awards on the date of grant. The grant date fair value of the options is calculated using a Black-Scholes option-pricing model. The following weighted average assumptions were used for stock option grants: 2020 2019 2018 Dividend yield 2.5 % 3.0 % 2.3 % Expected volatility 27 % 27 % 24 % Risk-free interest rate 1.4 % 2.4 % 2.4 % Expected life of stock option (years) 5.0 5.0 5.0 The dividend yield assumption represents the Company’s expected dividend yield based on its historical dividend payouts and management’s expectations. The expected volatility is based on the Company’s historical and implied volatilities. The risk-free interest rate for periods within the expected option life is based on the U.S. Treasury yield curve at the grant date. The expected life of the option is based on the Company’s past experience and other considerations. The weighted average grant date fair value for options granted during 2020, 2019 and 2018 was $31.53, $24.67 and $35.01, respectively. A summary of the Company’s stock option activity for 2020 is presented below (shares and intrinsic value in millions): Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Aggregate Intrinsic Value Outstanding at January 1 6.3 $ 122.12 6.6 $ 292 Granted 0.5 165.44 Exercised (2.0) 105.11 Outstanding at December 31 4.8 133.75 6.5 290 Exercisable at December 31 3.1 125.70 5.5 213 The intrinsic value of a stock option is the amount by which the fair value of the underlying stock exceeds the exercise price of the option. The total intrinsic value of options exercised was $139 million, $61 million and $58 million during the years ended December 31, 2020, 2019 and 2018, respectively. Restricted Stock Awards Restricted stock awards granted under the 2005 ICP and 2008 Plan generally vest ratably over three to four years or at the end of five years. Compensation expense for restricted stock awards is based on the market price of Ameriprise Financial common stock on the date of grant and is amortized on a straight-line basis over the vesting period. Quarterly dividends are paid on restricted stock, as declared by the Company’s Board of Directors, during the vesting period and are not subject to forfeiture. Restricted Stock Units and Deferred Share Units The 2005 ICP provides for the grant of deferred share units to non-employee directors of the Company and the 2005 ICP and 2008 Plan provide for the grant of restricted stock units or deferred share units to employees. The director awards are fully vested upon issuance and are settled for Ameriprise Financial common stock upon the director’s termination of service. The employee awards generally vest ratably over three to four years. Compensation expense for deferred share units and restricted stock units is based on the market price of Ameriprise Financial stock on the date of grant. Restricted stock units and deferred stock units granted to employees are expensed on a straight-line basis over the vesting period or on an accelerated basis if certain age and length of service requirements are met. Deferred share units granted to non-employee directors are expensed immediately. Dividends are paid on restricted stock units, as declared by the Company’s Board of Directors, during the vesting period and are not subject to forfeiture. Dividend equivalents are issued on deferred share units, as dividends are declared by the Company's Board of Directors, and are not paid until distribution of the award. Dividend equivalents on the director awards are not subject to forfeiture, but on employee awards they are forfeited if the award is forfeited. Ameriprise Financial Deferred Compensation Plan The Ameriprise Financial Deferred Compensation Plan (“DCP”) under the 2005 ICP gives certain employees the choice to defer a portion of their eligible compensation, which can be invested in investment options as provided by the DCP, including the Ameriprise Financial Stock Fund. The DCP is an unfunded non-qualified deferred compensation plan under section 409A of the Internal Revenue Code. The Company provides a match on certain deferrals. Participant deferrals vest immediately and the Company match vests after three years. Distributions are made in shares of the Company’s common stock for the portion of the deferral invested in the Ameriprise Financial Stock Fund and the Company match, for which the Company has recorded in equity. The DCP does allow for accelerated vesting of the share-based awards in cases of death, disability and qualified retirement. Compensation expense related to the Company match is recognized on a straight-line basis over the vesting period or on an accelerated basis if certain age and length of service requirements are met. Dividend equivalents are issued on deferrals into the Ameriprise Financial Stock Fund and the Company match. Dividend equivalents related to deferrals are not subject to forfeiture, whereas dividend equivalents related to the Company match are subject to forfeiture until fully vested. Ameriprise Financial Franchise Advisor Deferral Plan The Franchise Advisor Deferral Plan gives certain advisors the choice to defer a portion of their commissions into Ameriprise Financial stock or other investment options. The Franchise Advisor Deferral Plan is an unfunded non-qualified deferred compensation plan under section 409A of the Internal Revenue Code. The Franchise Advisor Deferral Plan allows for the grant of share-based awards of up to 12.5 million shares of common stock. The number of units awarded is based on the performance measures, deferral percentage and the market value of Ameriprise Financial common stock on the deferral date as defined by the plan. Share-based awards are fully vested and are not subject to forfeitures. In addition to the voluntary deferral, certain advisors are eligible to earn additional deferred stock awards on commissions over a specified threshold or based on the success of the advisors they coach. The awards vest ratably over three or four years. The Franchise Advisor Deferral Plan allows for accelerated vesting of the share-based awards based on age and years as an advisor. Commission expense is recognized on a straight-line basis over the vesting period. Share units receive dividend equivalents, as dividends are declared by the Company’s Board of Directors, until distribution and are subject to forfeiture until vested. Ameriprise Advisor Group Deferred Compensation Plan The Advisor Group Deferral Plan, which was created in April 2009, allows for employee advisors to receive share-based bonus awards which are subject to future service requirements and forfeitures. The Advisor Group Deferral Plan is an unfunded non-qualified deferred compensation plan under section 409A of the Internal Revenue Code. The Advisor Group Deferral Plan also gives qualifying employee advisors the choice to defer a portion of their base salary or commissions. This deferral can be in the form of Ameriprise Financial stock or other investment options. Deferrals are not subject to future service requirements or forfeitures. Under the Advisor Group Deferral Plan, a maximum of 3.0 million shares may be issued. Awards granted under the Advisor Group Deferral Plan may be settled in cash and/or shares of the Company’s common stock according to the award’s terms. Share units receive dividend equivalents, as dividends are declared by the Company’s Board of Directors, until distribution and are subject to forfeiture until vested. Full Value Share Award Activity A summary of activity for the Company’s restricted stock awards, restricted stock units granted to employees (including advisors), compensation and commission deferrals into stock and deferred share units for 2020 is presented below (shares in millions): Shares Weighted Average Grant-date Non-vested shares at January 1 1.2 $ 133.40 Granted 0.7 157.92 Deferred 0.2 145.06 Vested (0.8) 141.02 Non-vested shares at December 31 1.3 144.10 The deferred shares in the table above primarily relate to franchise advisor voluntary deferrals of their commissions into Ameriprise Financial stock under the Franchise Advisor Deferral Plan that are fully vested at the deferral date. The fair value of full value share awards vested during the years ended December 31, 2020, 2019 and 2018 was $124 million, $107 million and $128 million, respectively. The weighted average grant date fair value for restricted shares, restricted stock units and deferred share units during 2020, 2019 and 2018 was $163.54, $129.30 and $172.69, respectively. The weighted average grant date fair value for franchise advisor and advisor group deferrals during 2020, 2019 and 2018 was $147.96, $136.81 and $144.37, respectively. Performance Share Units Under the 2005 ICP, the Company’s Executive Leadership Team may be awarded a target number of performance share units (“PSUs”). PSUs will be earned only to the extent that the Company attains certain goals relating to the Company’s performance and relative total shareholder returns against peers over a three-year period. The awards also have a three-year service condition with cliff vesting with an accelerated service condition based on age and length of service. The actual number of PSUs ultimately earned could vary from zero, if performance goals are not met, to as much as 200% of the target for awards made prior to 2018 and 175% of the target for awards made in 2018 or later, if performance goals are significantly exceeded. The value of each target PSU is equal to the value of one share of Ameriprise Financial common stock. The total amount of target PSUs outstanding at the end of December 31, 2020, 2019 and 2018 was 0.4 million, 0.4 million and 0.3 million, respectively. The PSUs are liability awards. During the years ended December 31, 2020, 2019 and 2018, the value of shares settled for PSU awards was $34 million, $19 million and $16 million, respectively.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
Shareholders' Equity [Text Block]	Shareholders’ Equity The following tables provide the amounts related to each component of OCI: Year Ended December 31, 2020 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) $ 907 $ (192) $ 715 Reclassification of net (gains) losses on securities included in net income (2) (11) 2 (9) Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables (379) 80 (299) Net unrealized gains (losses) on securities 517 (110) 407 Net unrealized gains (losses) on derivatives: Reclassification of net (gains) losses on derivatives included in net income (3) (2) 1 (1) Net unrealized gains (losses) on derivatives (2) 1 (1) Defined benefit plans: Prior service credit (2) — (2) Net gain (loss) arising during the period (82) 18 (64) Defined benefit plans (84) 18 (66) Foreign currency translation 32 (5) 27 Total other comprehensive income (loss) $ 463 $ (96) $ 367 Year Ended December 31, 2019 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) $ 1,404 $ (309) $ 1,095 Reclassification of net (gains) losses on securities included in net income (2) 6 (1) 5 Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables (688) 144 (544) Net unrealized gains (losses) on securities 722 (166) 556 Net unrealized gains (losses) on derivatives: Reclassification of net (gains) losses on derivatives included in net income (3) (3) 1 (2) Net unrealized gains (losses) on derivatives (3) 1 (2) Defined benefit plans: Prior service credit 14 (3) 11 Net gain (loss) arising during the period (36) 7 (29) Defined benefit plans (22) 4 (18) Foreign currency translation 18 (1) 17 Total other comprehensive income (loss) $ 715 $ (162) $ 553 Year Ended December 31, 2018 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) $ (1,039) $ 237 $ (802) Reclassification of net (gains) losses on securities included in net income (2) (9) 2 (7) Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables 435 (91) 344 Net unrealized gains (losses) on securities (613) 148 (465) Defined benefit plans: Net gain (loss) arising during the period (30) 7 (23) Defined benefit plans (30) 7 (23) Foreign currency translation (32) 1 (31) Total other comprehensive income (loss) $ (675) $ 156 $ (519) (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 investment income. (3) Includes a $1 million, $2 million and $2 million pretax gain reclassified to interest and debt expenses and nil, nil and $2 million pretax loss reclassified to net investment income for the years ended December 31, 2020, 2019 and 2018, respectively. 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 OTTI losses to credit losses; and (iii) other adjustments primarily consisting of changes in insurance and annuity asset and liability balances, such as DAC, DSIC, unearned revenue, 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 Net Unrealized Gains (Losses) on Derivatives Defined Benefit Plans Foreign Currency Translation Other Total (in millions) Balance, January 1, 2018 $ 486 (1) $ 8 $ (97) $ (167) $ (1) $ 229 Cumulative effect of adoption of equity securities guidance (1) — — — — (1) OCI before reclassifications (458) — (36) (31) — (525) Amounts reclassified from AOCI (7) — 13 — — 6 Total OCI (465) — (23) (31) — (519) Balance, December 31, 2018 20 (1) 8 (120) (198) (1) (291) OCI before reclassifications 551 — (28) 17 — 540 Amounts reclassified from AOCI 5 (2) 10 — — 13 Total OCI 556 (2) (18) 17 — 553 Balance, December 31, 2019 576 (1) 6 (138) (181) (1) 262 OCI before reclassifications 416 — (66) 27 — 377 Amounts reclassified from AOCI (9) (1) — — — (10) Total OCI 407 (1) (66) 27 — 367 Balance, December 31, 2020 $ 983 (1) $ 5 $ (204) $ (154) $ (1) $ 629 (1) Includes nil, $1 million and $1 million of noncredit related impairments on securities and net unrealized gains (losses) on previously impaired securities as of December 31, 2020, 2019 and 2018, respectively. For the years ended December 31, 2020, 2019 and 2018, the Company repurchased a total of 8.4 million shares, 13.4 million shares and 11.3 million shares, respectively, of its common stock for an aggregate cost of $1.3 billion, $1.9 billion and $1.6 billion, respectively. In April 2017, the Company's Board of Directors authorized an expenditure of up to $2.5 billion for the repurchase of shares of the Company’s common stock through June 30, 2019, which was exhausted in the second quarter of 2019. In February 2019, the Company’s Board of Directors authorized an additional repurchase up to $2.5 billion of the Company’s common stock through March 31, 2021. In August 2020, the Company’s Board of Directors authorized an additional expenditure of up to $2.5 billion for the repurchase of shares of the Company’s common stock through September 30, 2022. As of December 31, 2020, the Company had $2.3 billion remaining under these share repurchase authorizations. The Company may also reacquire shares of its common stock under its share-based compensation plans related to restricted stock awards and certain option exercises. The holders of restricted shares may elect to surrender a portion of their shares on the vesting date to cover their income tax obligation. These vested restricted shares are reacquired by the Company and the Company’s payment of the holders’ income tax obligations are recorded as a treasury share purchase. For the years ended December 31, 2020, 2019 and 2018, the Company reacquired 0.3 million shares, 0.3 million shares and 0.3 million shares, respectively, of its common stock through the surrender of shares upon vesting and paid in the aggregate $52 million, $34 million and $44 million, respectively, related to the holders’ income tax obligations on the vesting date. Option holders may elect to net settle their vested awards resulting in the surrender of the number of shares required to cover the strike price and tax obligation of the options exercised. These shares are reacquired by the Company and recorded as treasury shares. For the years ended December 31, 2020, 2019 and 2018, the Company reacquired 1.5 million shares, 0.7 million shares and 0.5 million shares, respectively, of its common stock through the net settlement of options for an aggregate value of $263 million, $106 million and $85 million, respectively.

Earnings per Share Attributable

Earnings per Share Attributable to Ameriprise Financial, Inc. Common Shareholders	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Earnings per Share [Text Block]	Earnings per Share The computations of basic and diluted earnings per share is as follows: Years Ended December 31, 2020 2019 2018 (in millions, except per share amounts) Numerator: Net income $ 1,534 $ 1,893 $ 2,098 Denominator: Basic: Weighted-average common shares outstanding 123.8 134.1 145.6 Effect of potentially dilutive nonqualified stock options and other share-based awards 1.9 1.9 2.1 Diluted: Weighted-average common shares outstanding 125.7 136.0 147.7 Earnings per share attributable to Ameriprise Financial, Inc. common shareholders: Basic $ 12.39 $ 14.12 $ 14.41 Diluted $ 12.20 $ 13.92 $ 14.20 The calculation of diluted earnings per share excludes the incremental effect of nil, $1.0 million and $3.2 million options as of December 31, 2020, 2019 and 2018, respectively, due to their anti-dilutive effect.

Regulatory Requirements

Regulatory Requirements	12 Months Ended
	Dec. 31, 2020
Insurance [Abstract]
Regulatory Requirements [Text Block]	Regulatory Requirements Restrictions on the transfer of funds exist under regulatory requirements applicable to certain of the Company’s subsidiaries. As of December 31, 2020, the aggregate amount of unrestricted net assets was approximately $3.1 billion. 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’s life insurance companies. The Company’s life insurance companies each met their respective minimum RBC requirements. The Company’s life 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, 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. RiverSource Life received approval from the Minnesota Department of Commerce to apply a permitted statutory accounting practice, effective July 1, 2017 through June 30, 2019, for certain derivative instruments used to economically hedge the interest rate exposure of certain variable annuity products that do not qualify for statutory hedge accounting. The permitted practice was intended to mitigate the impact to statutory surplus from the misalignment between variable annuity statutory reserves, which are not carried at fair value, and the fair value of derivatives used to economically hedge the interest rate exposure of non-life contingent living benefit guarantees. The permitted practice allowed RiverSource Life to defer a portion of the change in fair value, net investment income and realized gains or losses generated from designated derivatives to the extent the amounts do not offset the current period interest-rate related change in the variable annuity statutory reserve liability. The deferred amount could be amortized over ten years using the straight-line method with the ability to accelerate amortization at management’s discretion. As of June 30, 2019, RiverSource Life elected to accelerate amortization of the net deferred amount associated with its permitted practice. State insurance statutes contain limitations as to the amount of dividends that insurers may make without providing prior notification to state regulators. For RiverSource Life, 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’s primary regulator, and are subject to potential disapproval. RiverSource Life’s statutory unassigned surplus aggregated $1.3 billion and $326 million as of December 31, 2020 and 2019, respectively. In addition, dividends whose fair market value, together with that of other dividends 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 for RiverSource Life was $4.8 billion and $2.9 billion as of December 31, 2020 and 2019, respectively. Statutory net gain from operations and net income (loss) are summarized as follows: Years Ended December 31, 2020 2019 2018 (in millions) RiverSource Life Statutory net gain from operations $ 1,393 $ 1,505 $ 1,686 Statutory net income (loss) 1,582 786 1,628 Government debt securities of $4 million as of both December 31, 2020 and 2019 held by the Company’s life insurance subsidiaries were on deposit with various states as required by law. Ameriprise Certificate Company (“ACC”) is registered as an investment company under the Investment Company Act of 1940 (the “1940 Act”). ACC markets and sells investment certificates to clients. ACC is subject to various capital requirements under the 1940 Act, laws of the State of Minnesota and understandings with the Securities and Exchange Commission (“SEC”) and the Minnesota Department of Commerce. The terms of the investment certificates issued by ACC and the provisions of the 1940 Act also require the maintenance by ACC of qualified assets. Under the provisions of its certificates and the 1940 Act, ACC was required to have qualified assets (as that term is defined in Section 28(b) of the 1940 Act) in the amount of $6.8 billion and $7.5 billion as of December 31, 2020 and 2019, respectively. ACC had qualified assets of $7.2 billion and $8.0 billion as of December 31, 2020 and 2019, respectively. Threadneedle’s required capital is predominantly based on the requirements specified by its regulator, the Financial Conduct Authority (“FCA”), under its Capital Adequacy Requirements for asset managers. The Company’s broker-dealer subsidiaries are subject to the Uniform Net Capital Rule (Rule 15c3-1) under the Securities Exchange Act of 1934. Rule 15c3-1 provides an “alternative net capital requirement” which American Enterprise Investment Services, Inc. (“AEIS”) and Ameriprise Financial Services, LLC (“AFS”) (significant broker dealers) have elected. Regulations require that minimum net capital, as defined, be equal to the greater of $250 thousand or 2% of aggregate debit items arising from client balances. FINRA may impose certain restrictions, such as restricting withdrawals of equity capital, if a member firm were to fall below a certain threshold or fail to meet minimum net capital requirements. The following table presents the net capital position of both AEIS and AFS: December 31, 2020 2019 (in millions, except percentages) AEIS Net capital as a percent of aggregate debit items 9.51 % 12.08 % Net capital $ 122 $ 133 Less: required net capital 25 22 Excess net capital $ 97 $ 111 AFS Net capital $ 134 $ 94 Less: required net capital — — Excess net capital $ 134 $ 94 Ameriprise Trust Company is subject to capital adequacy requirements under the laws of the State of Minnesota as enforced by the Minnesota Department of Commerce. The Company is a savings and loan holding company that is subject to various banking regulations. However, the Company is not currently subject to the risk-based capital requirements of the Federal Reserve Bank because it is substantially engaged in insurance activities.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes [Text Block]	Income Taxes The components of income tax provision attributable to continuing operations were as follows: Years Ended December 31, 2020 2019 2018 (in millions) Current income tax Federal $ 527 $ 531 $ 275 State and local 63 80 45 Foreign 28 36 41 Total current income tax 618 647 361 Deferred income tax Federal (309) (297) 20 State and local (16) (13) 2 Foreign 4 2 3 Total deferred income tax (321) (308) 25 Total income tax provision $ 297 $ 339 $ 386 On December 22, 2017, the Tax Act was signed into law. In 2018, the Company finalized its accounting related to the Tax Act and recorded a $3 million benefit related to foreign provisions. The geographic sources of pretax income from continuing operations were as follows: Years Ended December 31, 2020 2019 2018 (in millions) United States $ 1,685 $ 2,045 $ 2,263 Foreign 146 187 221 Total $ 1,831 $ 2,232 $ 2,484 The principal reasons that the aggregate income tax provision attributable to continuing operations is different from that computed by using the U.S. statutory rates of 21% were as follows: Years Ended December 31, 2020 2019 2018 Tax at U.S. statutory rate 21.0 % 21.0 % 21.0 % Changes in taxes resulting from: Low income housing tax credits (4.3) (3.6) (3.2) State taxes, net of federal benefit 2.1 2.4 1.5 Dividends received deduction (2.1) (1.8) (1.6) Incentive compensation (1.4) — — Foreign tax credits, net of addback — (2.2) (1.1) Other, net 0.9 (0.6) (1.1) Income tax provision 16.2 % 15.2 % 15.5 % 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, 2020 and 2019. The significant components of the Company’s deferred income tax assets and liabilities, which are included net within other assets or other liabilities on the Consolidated Balance Sheets, were as follows: December 31, 2020 2019 (in millions) Deferred income tax assets Liabilities for policyholder account balances, future policy benefits and claims $ 1,618 $ 945 Deferred compensation 493 406 Postretirement benefits 65 45 Right of use lease liability 60 59 Investment related — 188 Other 51 47 Gross deferred income tax assets 2,287 1,690 Less: valuation allowance 15 19 Total deferred income tax assets 2,272 1,671 Deferred income tax liabilities Deferred acquisition costs 435 456 Net unrealized gains on Available-for-Sale securities 295 186 Investment related 253 — Intangible assets 124 115 Depreciation expense 99 94 Goodwill 70 64 Right of use lease asset 54 54 Deferred sales inducement costs 44 50 Other 18 6 Gross deferred income tax liabilities 1,392 1,025 Net deferred income tax assets $ 880 $ 646 Included in the Company’s deferred income tax assets are tax benefits primarily related to state net operating losses of $16 million, net of federal benefit, which will expire beginning December 31, 2021. Based on analysis of the Company’s tax position, management believes it is more likely than not that the Company will not realize certain state net operating losses of $11 million, state deferred tax assets of $2 million and foreign deferred tax assets of $2 million; therefore, a valuation allowance of $15 million has been established. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits was as follows: 2020 2019 2018 (in millions) Balance at January 1 $ 100 $ 92 $ 76 Additions based on tax positions related to the current year 11 15 22 Reductions based on tax positions related to the current year (1) — — Additions for tax positions of prior years 10 39 9 Reductions for tax positions of prior years (4) (17) (3) Reductions due to lapse of statute of limitations (5) — — Audit settlements (1) (29) (12) Balance at December 31 $ 110 $ 100 $ 92 If recognized, approximately $80 million, $67 million and $70 million, net of federal tax benefits, of unrecognized tax benefits as of December 31, 2020, 2019, and 2018, 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 $20 million to $30 million in the next 12 months primarily due to Internal Revenue Service (“IRS”) settlements and state exams. 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 $2 million, a net decrease of $2 million, and a net increase of $2 million, in interest and penalties for the years ended December 31, 2020, 2019, and 2018, respectively. As of December 31, 2020 and 2019, the Company had a payable of $10 million and $8 million, respectively, related to accrued interest and penalties. The Company or one or more of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. The federal statute of limitations are closed on years through 2015, except for one issue for 2014 and 2015 which was claimed on amended returns. The IRS is currently auditing the Company’s U.S. income tax returns for 2016, 2017 and 2018. The Company’s state income tax returns are currently under examination by various jurisdictions for years ranging from 2010 through 2019. In the United Kingdom (“UK”), Her Majesty’s Revenue and Customs is performing a business risk review of the Company’s UK subsidiaries for the 2016 tax year.

Retirement Plans and Profit Sha

Retirement Plans and Profit Sharing Arrangements	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
Retirement Plans and Profit Sharing Arrangements [Text Block]	Retirement Plans and Profit Sharing Arrangements Defined Benefit Plans Pension Plans and Other Postretirement Benefits The Company’s U.S. non-advisor employees are generally eligible for the Ameriprise Financial Retirement Plan (the “Retirement Plan”), a noncontributory defined benefit plan which is a qualified plan under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). However, effective April 2020, the Company no longer enrolled new employees in the Retirement Plan. Funding of costs for the Retirement Plan complies with the applicable minimum funding requirements specified by ERISA and is held in a trust. The Retirement Plan is a cash balance plan by which the employees’ accrued benefits are based on notional account balances, which are maintained for each individual. Each pay period these balances are credited with an amount equal to a percentage of eligible compensation as defined by the Retirement Plan (which includes, but is not limited to, base pay, performance based incentive pay, commissions, shift differential and overtime). The percentage ranges from 2.5% to 10% depending on several factors including years of service. However, the percentage credited will not change from the percentage received as of April 2020. Employees’ balances are also credited with a fixed rate of interest that is updated each January 1 and is based on the average of the daily five-year U.S. Treasury Note yields for the previous October 1 through November 30, with a minimum crediting rate of 5%. Employees are fully vested after three years of service or upon retirement at or after age 65, disability or death while employed. Employees have the option to receive annuity payments or a lump sum payout of vested balance at termination or retirement. The Retirement Plan’s year-end is September 30. Effective April 2020, the Company will no longer enroll employees in the Retirement Plan. Instead, newly eligible employees will receive a company contribution to the Ameriprise Financial 401(k) Plan (the “401(k) Plan”). Active participants in the Retirement Plan as of April 2020 will continue to receive company allocations to the Retirement Plan each pay period. However, the company allocations to the Retirement Plan will not increase from the percentage received as of April 2020. These plan changes are reflected in the obligations disclosed as of December 31, 2020. In addition, the Company sponsors the Ameriprise Financial Supplemental Retirement Plan (the “SRP”), an unfunded non-qualified deferred compensation plan subject to Section 409A of the Internal Revenue Code. This plan is for certain highly compensated employees to replace the benefit that cannot be provided by the Retirement Plan due to IRS limits. The SRP generally parallels the Retirement Plan but offers different payment options. The Company also sponsors unfunded defined benefit postretirement plans that provide health care and life insurance to retired U.S. employees. On December 31, 2016, the access to retiree health care coverage was closed to all active employees who had previously met the qualification requirements. Instead, only existing retirees, as of January 1, 2017, qualifying for the plan and electing coverage will be provided a fixed amount to subsidize health care insurance purchased through other providers. Net periodic postretirement benefit costs were not material for the years ended December 31, 2020, 2019 and 2018. Most employees outside the U.S. are covered by local retirement plans, some of which are funded, while other employees receive payments at the time of retirement or termination under applicable labor laws or agreements. All components of the net periodic benefit cost are recorded in general and administrative expense and were as follows: Years Ended December 31, 2020 2019 2018 (in millions) Service cost $ 45 $ 44 $ 48 Interest cost 29 36 30 Expected return on plan assets (55) (53) (48) Amortization of prior service costs (2) — — Amortization of net loss 15 5 11 Other 7 8 5 Net periodic benefit cost $ 39 $ 40 $ 46 The prior service costs are amortized on a straight-line basis over the average remaining service period of active participants. Actuarial gains and losses in excess of 10% of the greater of the projected benefit obligation or the market-related value of assets are amortized on a straight-line basis over the expected average remaining service period of active participants. The following table provides a reconciliation of changes in the benefit obligation: Pension Plans Other Postretirement Plans 2020 2019 2020 2019 (in millions) Benefit obligation, January 1 $ 1,111 $ 967 $ 14 $ 14 Service cost 45 44 — — Interest cost 29 36 — — Plan change — (15) — — Benefits paid (10) (9) (1) (1) Actuarial (gain) loss 117 131 1 1 Curtailments — (7) — — Settlements (30) (42) — — Foreign currency rate changes 9 6 — — Benefit obligation, December 31 $ 1,271 $ 1,111 $ 14 $ 14 The actuarial losses for pension plans for 2020 and 2019 were primarily due to a decrease in the discount rate assumption as of December 31, 2020 and 2019, respectively, compared to the prior year-end. The actuarial loss for 2019 also resulted from demographic experience during the Retirement Plan year. The following table provides a reconciliation of changes in the fair value of assets: Pension Plans 2020 2019 (in millions) Fair value of plan assets, January 1 $ 838 $ 728 Actual return on plan assets 67 130 Employer contributions 31 24 Benefits paid (10) (9) Settlements (30) (42) Foreign currency rate changes 9 7 Fair value of plan assets, December 31 $ 905 $ 838 The Company complies with the minimum funding requirements in all countries. The following table provides the amounts recognized in the Consolidated Balance Sheets as of December 31, which equal the funded status of the plans: Pension Plans Other Postretirement Plans 2020 2019 2020 2019 (in millions) Benefit liability $ (366) $ (278) $ (14) $ (14) Benefit asset — 5 — — Net amount recognized $ (366) $ (273) $ (14) $ (14) The accumulated benefit obligation for all pension plans as of December 31, 2020 and 2019 was $1.2 billion and $1.1 billion, respectively. The following table provides information for pension plans with benefit obligations in excess of plan assets: December 31, 2020 2019 (in millions) Pension plans with accumulated benefit obligations in excess of plan assets Accumulated benefit obligation $ 1,211 $ 875 Fair value of plan assets 905 644 Pension plans with projected benefit obligations in excess of plan assets Projected benefit obligation $ 1,271 $ 922 Fair value of plan assets 905 644 The weighted average assumptions used to determine benefit obligations were as follows: Pension Plans Other Postretirement Plans 2020 2019 2020 2019 Discount rates 2.16 % 2.97 % 2.01 % 2.99 % Rates of increase in compensation levels 3.96 4.01 N/A N/A Interest crediting rates for cash balance plans 5.00 5.00 N/A N/A The weighted average assumptions used to determine net periodic benefit cost of pension plans were as follows: 2020 2019 2018 Discount rates 2.97 % 4.00 % 3.30 % Rates of increase in compensation levels 4.01 4.25 4.29 Expected long-term rates of return on assets 7.14 7.18 7.11 Interest crediting rates for cash balance plans 5.00 5.00 5.00 In developing the expected long-term rate of return on assets, management evaluated input from an external consulting firm, including their projection of asset class return expectations and long-term inflation assumptions. The Company also considered historical returns on the plans’ assets. Discount rates are based on yields available on high-quality corporate bonds that would generate cash flows necessary to pay the benefits when due. The Company’s pension plans’ assets are invested in an aggregate diversified portfolio to minimize the impact of any adverse or unexpected results from a security class on the entire portfolio. Diversification is interpreted to include diversification by asset type, performance and risk characteristics and number of investments. When appropriate and consistent with the objectives of the plans, derivative instruments may be used to mitigate risk or provide further diversification, subject to the investment policies of the plans. Asset classes and ranges considered appropriate for investment of the plans’ assets are determined by each plan’s investment committee. The target allocations are 70% equity securities, 20% debt securities and 10% all other types of investments, except for the assets in pooled pension funds which are 77% equity securities and 23% debt securities and additional voluntary contribution assets outside the U.S. which are allocated at the discretion of the individual and will be converted at retirement into the defined benefit pension plan. Actual allocations will generally be within 5% of these targets. As of December 31, 2020, there were no significant holdings of any single issuer and the exposure to derivative instruments was not significant. The following tables present the Company’s pension plan assets measured at fair value on a recurring basis: Asset Category December 31, 2020 Level 1 Level 2 Level 3 Total (in millions) Equity securities: U.S. large cap stocks $ 119 $ — $ — $ 119 U.S. small cap stocks 80 — — 80 Non-U.S. large cap stocks 36 — — 36 Debt securities: U.S. investment grade bonds 47 21 — 68 Non-U.S. investment grade bonds 18 — — 18 Cash equivalents at NAV 25 (1) Collective investment funds at NAV 289 (1) Real estate investment trusts at NAV 20 (1) Hedge funds at NAV 32 (1) Pooled pension funds at NAV 218 (1) Total $ 300 $ 21 $ — $ 905 December 31, 2019 Asset Category Level 1 Level 2 Level 3 Total (in millions) Equity securities: U.S. large cap stocks $ 119 $ — $ — $ 119 U.S. small cap stocks 91 — — 91 Non-U.S. large cap stocks 32 — — 32 Debt securities: U.S. investment grade bonds 43 24 — 67 U.S. high yield bonds 6 — — 6 Non-U.S. investment grade bonds 16 — — 16 Cash equivalents at NAV 30 (1) Collective investment funds at NAV 232 (1) Real estate investment trusts at NAV 20 (1) Hedge funds at NAV 29 (1) Pooled pension funds at NAV 196 (1) Total $ 307 $ 24 $ — $ 838 (1) Amounts are comprised of certain investments 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. Equity securities are managed to track the performance of common market indices for both U.S. and non-U.S. securities, primarily across large cap, small cap and emerging market asset classes. Debt securities are managed to track the performance of common market indices for both U.S. and non-U.S. investment grade bonds as well as a pool of U.S. high yield bonds. Collective investment funds include equity and debt securities. Real estate funds are managed to track the performance of a broad population of investment grade non-agricultural income producing properties. The Company’s investments in hedge funds include investments in a multi-strategy fund and an off-shore fund managed to track the performance of broad fund of fund indices. Pooled pension funds are managed to track a specific benchmark based on the investment objectives of the fund. Cash equivalents consist of holdings in a money market fund that seeks to equal the return of the three month U.S. Treasury bill. The fair value of equity securities using quoted prices in active markets is classified as Level 1. Level 1 debt securities include U.S. Treasuries and actively traded mutual funds. Level 2 debt securities include mortgage and asset backed securities, agency securities and corporate debt securities. The fair value of the Level 2 securities is determined based on a market approach using observable inputs. The amounts recognized in AOCI, net of tax, as of December 31, 2020 but not recognized as components of net periodic benefit cost included an unrecognized actuarial loss of $214 million, an unrecognized prior service credit of $10 million, and a currency exchange rate adjustment of $2 million related to the Company’s pension plans. The Company’s other postretirement plans included an unrecognized actuarial gain of $3 million and an unrecognized prior service credit of $1 million. See Note 21 for a rollforward of AOCI related to the Company’s defined benefit plans. The Company’s pension plans expect to make benefit payments to retirees as follows: Pension Plans Other (in millions) 2021 $ 104 $ 1 2022 68 1 2023 79 1 2024 74 1 2025 74 1 2026-2028 389 5 The Company expects to contribute $15 million and $1 million to its pension plans and other postretirement plans, respectively, in 2021. Defined Contribution Plans The Company’s employees are generally eligible to participate in the 401(k) Plan. The 401(k) Plan allows eligible employees to make contributions through payroll deductions up to IRS limits and invest their contributions in one or more of the 401(k) Plan investment options, which include the Ameriprise Financial Stock Fund. The Company provides a dollar for dollar match up to the first 5% of eligible compensation an employee contributes on a pretax and/or Roth 401(k) basis for each annual period. Effective April 2020, employees not eligible to participate in the Retirement Plan will receive a 2% company contribution to their 401(k) Plan once they become eligible for contributions. Under the 401(k) Plan, employees become eligible for contributions under the plan during the pay period they reach 60 days of service. Match contributions are fully vested after five years of service, vesting ratably over the first five years of service, or upon retirement at or after age 65, disability or death while employed. The Company’s defined contribution plan expense was $55 million, $56 million and $56 million in 2020, 2019 and 2018, respectively.

Commitments, Guarantees and Con

Commitments, Guarantees and Contingencies Commitments, Guarantees and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments Contingencies and Guarantees [Text Block]	Commitments, Guarantees and Contingencies Commitments The following table presents the Company’s funding commitments as of December 31: 2020 2019 (in millions) Commercial mortgage loans $ 18 $ 60 Affordable housing and other real estate partnerships 12 22 Property funds 17 12 Private funds 9 12 Pledged asset lines of credit 342 — Consumer lines of credit 1 1 Total funding commitments $ 399 $ 107 Guarantees The Company’s annuity and life products all have minimum interest rate guarantees in their fixed accounts. As of December 31, 2020, these guarantees range from 1% to 5%. Contingencies The Company and its subsidiaries 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 as a diversified financial services firm. 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, leases 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 financial services industry generally. As with other financial services firms, the level of regulatory activity and inquiry concerning the Company’s businesses remains elevated. From time to time, the Company receives requests for information from, and/or has been subject to examination or claims by, the SEC, the Financial Industry Regulatory Authority, the OCC, the U.K. Financial Conduct Authority, the FRB, state insurance and securities regulators, state attorneys general and various other domestic or foreign governmental and quasi-governmental authorities on behalf of themselves or clients concerning the Company’s business activities and practices, and the practices of the Company’s financial advisors. The Company typically has numerous pending matters which include information requests, exams or inquiries that the Company has received during recent periods regarding certain matters, including: sales and distribution of mutual funds, exchange traded funds, annuities, equity and fixed income securities, real estate investment trusts, insurance products, and financial advice offerings, including managed accounts; supervision of the Company’s financial advisors and other associated persons; administration of insurance and annuity claims; security of client information; trading activity and the Company’s monitoring and supervision of such activity; and transaction monitoring systems and controls. The Company has cooperated and will continue to cooperate with the applicable regulators. These legal and regulatory proceedings 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. 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 loss or range of loss can be reasonably estimated for any proceeding. An adverse outcome in one or more proceeding could eventually result in adverse judgments, settlements, fines, penalties or other sanctions, in addition to further claims, examinations or adverse publicity that 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 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 both December 31, 2020 and 2019, the estimated liability was $12 million. As of both December 31, 2020 and 2019, the related premium tax asset was $10 million. The expected period over which guaranty fund assessments will be made and the related tax credits recovered is not known.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions [Text Block]	Related Party Transactions The Company may engage in transactions in the ordinary course of business with significant shareholders or their subsidiaries, between the Company and its directors and officers or with other companies whose directors or officers may also serve as directors or officers for the Company or its subsidiaries. The Company carries out these transactions on customary terms. The Company’s executive officers and directors may have transactions with the Company or its subsidiaries involving financial products and insurance services. All obligations arising from these transactions are in the ordinary course of the Company’s business and are on the same terms in effect for comparable transactions with the general public. Such obligations involve normal risks of collection and do not have features or terms that are unfavorable to the Company or its subsidiaries. These transactions have not had a material impact on the Company’s consolidated results of operations or financial condition.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Segment Information [Text Block]	Segment Information During the third quarter of 2020, as the Company continued to reposition its business and implement strategies focusing on product features and sales, the composition of its reportable segments changed from five to four segments. The Chief Operating Decision Maker (“CODM”) manages the annuities and protection business as one operating segment, referred to as Retirement & Protection Solutions. The Retirement & Protection Solutions segment includes Retirement Solutions (Variable Annuities and Payout Annuities) and Protection Solutions (Life and Disability Insurance). In addition, the Company moved the Fixed Annuities and Fixed Indexed Annuities business to the Corporate & Other segment as a closed block. These segment reporting changes align with the way the CODM began assessing the performance of the Company’s reportable segments and other business activities effective in the third quarter of 2020. Certain prior period amounts have been revised to conform to the current presentation. The Company’s four reporting segments are Advice & Wealth Management, Asset Management, Retirement & Protection Solutions and Corporate & Other. The accounting policies of the segments are the same as those of the Company, except for operating adjustments defined below, the method of capital allocation, the accounting for gains (losses) from intercompany revenues and expenses and not providing for income taxes on a segment basis. The largest source of intersegment revenues and expenses is retail distribution services, where segments are charged transfer pricing rates that approximate arm’s length market prices for distribution through the Advice & Wealth Management segment. The Advice & Wealth Management segment provides distribution services for affiliated and non-affiliated products and services. The Asset Management segment provides investment management services for the Company’s owned assets and client assets, and accordingly charges investment and advisory management fees to the other segments. All intersegment activity is eliminated in the Company’s consolidated results. All costs related to shared services are allocated to the segments based on a rate times volume or fixed basis. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services, primarily to retail clients through the Company’s advisors. These services are centered on long-term, personal relationships between the Company’s advisors and its clients and focus on helping clients achieve their financial goals. The Company’s advisors provide a distinctive approach to financial planning and have access to a broad selection of both affiliated and non-affiliated products to help clients meet their financial needs and goals. A significant portion of revenues in this segment are fee-based and driven by the level of client assets, which is impacted by both market movements and net asset flows. The Company also earns net investment income on owned assets primarily from certificate and banking products. This segment earns revenues (distribution fees) for distributing non-affiliated products and intersegment revenues (distribution fees) for distributing the Company’s affiliated products and services provided to its retail clients. Intersegment expenses for this segment include expenses for investment management services provided by the Asset Management segment. The Asset Management segment provides investment management, advice and products to retail, high net worth and institutional clients on a global scale through the Columbia Threadneedle Investments® brand, which represents the combined capabilities, resources and reach of Columbia Management Investment Advisers, LLC (“Columbia Management”) and Threadneedle. Columbia Management primarily provides products and services in the U.S. and Threadneedle primarily provides products and services internationally. Additional subsidiaries are also included in our Asset Management segment such as Lionstone Partners, LLC, the U.S. investment adviser for certain private funds and investment products focused on real estate. The Company offers U.S. retail clients with a range of products through both unaffiliated third party financial institutions and the Advice & Wealth Management segment. The Company provides institutional products and services through its institutional sales force. Retail products for non-U.S. investors are primarily distributed through third-party financial institutions and unaffiliated financial advisors. Retail products include U.S. mutual funds and their non-U.S. equivalents, exchange-traded funds and variable product funds underlying insurance and annuity separate accounts. Institutional asset management services are designed to meet specific client objectives and may involve a range of products, including those that focus on traditional asset classes, separately managed accounts, individually managed accounts, CLOs, hedge fund or alternative strategies, collective funds and property and infrastructure funds. CLOs, hedge fund or alternative strategies and certain private funds are often classified as alternative assets. Revenues in this segment are primarily earned as fees based on managed asset balances, which are impacted by market movements, net asset flows, asset allocation and product mix. The Company may also earn performance fees from certain accounts where investment performance meets or exceeds certain pre-identified targets. The Asset Management segment also provides intercompany asset management services for Ameriprise Financial subsidiaries. The fees for all such services are reflected within the Asset Management segment results through intersegment transfer pricing. Intersegment expenses for this segment include distribution expenses for services provided by the Advice & Wealth Management and Annuities and Protection segments. The Retirement & Protection Solutions segment includes Retirement Solutions (variable annuities and payout annuities) and Protection Solutions (life and disability insurance). Retirement Solutions provides variable annuity products of RiverSource Life companies to individual clients. The Company provides variable annuity products through its advisors. Revenues for the Company’s variable annuity products are primarily earned as fees based on underlying account balances, which are impacted by both market movements and net asset flows. The Company also earns net investment income on general account assets supporting reserves for immediate annuities with a non-life contingent feature and for certain guaranteed benefits offered with variable annuities and on capital supporting the business. Revenues for the Company’s immediate annuities with a life contingent feature are earned as premium revenue. Protection Solutions offers a variety of products to address the protection and risk management needs of the Company’s retail clients including life and DI insurance. Life and DI products are primarily provided through the Company’s advisors. The Company issues insurance policies through its RiverSource life insurance subsidiaries. The primary sources of revenues for Protection Solutions are premiums, fees and charges that the Company receives to assume insurance-related risk. The Company earns net investment income on owned assets supporting insurance reserves and capital supporting the business. The Company also receives fees based on the level of the RiverSource Life companies’ separate account assets supporting VUL investment options. Intersegment revenues for this segment reflect fees paid by the Asset Management segment for marketing support and other services provided in connection with the availability of variable insurance trust funds (“VIT Funds”) under the variable annuity contracts and VUL contracts. Intersegment expenses for this segment include distribution expenses for services provided by the Advice & Wealth Management segment, as well as expenses for investment management services provided by the Asset Management segment. The Corporate & Other segment consists of net investment income or loss on corporate level assets, including excess capital held in the Company’s subsidiaries and other unallocated equity and other revenues as well as unallocated corporate expenses. The Corporate & Other segment also includes the results of the Company’s closed block long term care business. The Corporate & Other segment also includes revenues and expenses of consolidated investment entities, which are excluded on an operating basis. Beginning in the first quarter of 2019, the results of AAH, which had been reported as part of the Protection segment, were reflected in the Corporate & Other segment. Prior periods presented have been restated to reflect the change. The Company sold AAH on October 1, 2019. Beginning in the third quarter of 2020, the Company moved the fixed annuities and fixed indexed annuities business to the Corporate & Other segment as a closed block. Revenues for the Company’s fixed deferred annuity products are primarily earned as net investment income on the RiverSource Life companies’ general account assets supporting fixed account balances, with profitability significantly impacted by the spread between net investment income earned and interest credited on the fixed account balances. Prior periods presented have been restated to reflect the changes from the sale of AAH and the segment restructuring. Management uses segment adjusted operating measures in goal setting, as a basis for determining employee compensation and in evaluating performance on a basis comparable to that used by some securities analysts and investors. Consistent with GAAP accounting guidance for segment reporting, adjusted operating earnings is the Company’s measure of segment performance. Adjusted operating earnings should not be viewed as a substitute for GAAP pretax income. The Company believes the presentation of segment adjusted operating earnings, as the Company measures it for management purposes, enhances the understanding of its business by reflecting the underlying performance of its core operations and facilitating a more meaningful trend analysis. Effective first quarter of 2019, management has excluded mean reversion related impacts from the Company’s adjusted operating measures. Prior periods have been updated to reflect this change to be consistent with the current period presentation. The mean reversion related impact is defined as the impact on variable annuity and VUL products for the difference between assumed and updated separate account investment performance on DAC, DSIC, unearned revenue amortization, reinsurance accrual and additional insurance benefit reserves. Adjusted operating earnings is defined as adjusted operating net revenues less adjusted operating expenses. Adjusted operating net revenues and adjusted operating expenses exclude net realized investment gains or losses (net of unearned revenue amortization and the reinsurance accrual); the market impact on non-traditional long-duration products (including variable and fixed deferred annuity contracts and UL insurance contracts), net of hedges and the related DSIC and DAC amortization, unearned revenue amortization, and the reinsurance accrual; mean reversion related impacts (the impact on variable annuity and VUL products for the difference between assumed and updated separate account investment performance on DAC, DSIC, unearned revenue amortization, reinsurance accrual and additional insurance benefit reserves); the market impact of hedges to offset interest rate changes on unrealized gains or losses for certain investments; gain or loss on disposal of a business that is not considered discontinued operations; integration and restructuring charges; income (loss) from discontinued operations; and the impact of consolidating CIEs. The market impact on non-traditional long-duration products includes changes in embedded derivative values caused by changes in financial market conditions, net of changes in economic hedge values and unhedged items including the difference between assumed and actual underlying separate account investment performance, fixed income credit exposures, transaction costs and certain policyholder contract elections, net of related impacts on DAC and DSIC amortization. The market impact also includes certain valuation adjustments made in accordance with FASB Accounting Standards Codification 820, Fair Value Measurements and Disclosures, including the impact on embedded derivative values of discounting projected benefits to reflect a current estimate of the Company’s life insurance subsidiary’s nonperformance spread. The following tables summarize selected financial information by segment and reconcile segment totals to those reported on the consolidated financial statements: December 31, 2020 2019 (in millions) Advice & Wealth Management $ 21,266 $ 17,607 Asset Management 8,406 8,226 Retirement & Protection Solutions 114,850 104,227 Corporate & Other 21,361 21,768 Total assets $ 165,883 $ 151,828 Years Ended December 31, 2020 2019 2018 (in millions) Adjusted operating net revenues: Advice & Wealth Management $ 6,675 $ 6,599 $ 6,189 Asset Management 2,891 2,913 3,011 Retirement & Protection Solutions 3,094 3,123 3,167 Corporate & Other 546 1,477 1,741 Less: Eliminations (1) 1,377 1,402 1,414 Total segment adjusted operating net revenues 11,829 12,710 12,694 Net realized gains (losses) (11) (6) 10 Revenue attributable to consolidated investment entities 71 88 127 Market impact on non-traditional long-duration products, net 10 — (7) Market impact of hedges on investments — (35) 11 Integration and restructuring charges — (3) — Gain on disposal of business — 213 — Total net revenues per consolidated statements of operations $ 11,899 $ 12,967 $ 12,835 (1) Represents the elimination of intersegment revenues recognized for the years ended December 31, 2020, 2019 and 2018 in each segment as follows: Advice and Wealth Management ($893, $924 and $952, respectively); Asset Management ($53, $55 and $50, respectively); Retirement & Protection Solutions ($433, $429 and $417, respectively); and Corporate & Other ($(2), $(6) and $(5), respectively). Years Ended December 31, 2020 2019 2018 (in millions) Adjusted operating earnings: Advice & Wealth Management $ 1,321 $ 1,509 $ 1,389 Asset Management 697 661 728 Retirement & Protection Solutions 480 724 721 Corporate & Other (369) (286) (274) Total segment adjusted operating earnings 2,129 2,608 2,564 Net realized gains (losses) (10) (4) 9 Net income (loss) attributable to consolidated investment entities 4 1 (1) Market impact on non-traditional long-duration products, net (375) (591) (47) Mean reversion related impacts 87 57 (33) Market impact of hedges on investments — (35) 11 Integration and restructuring charges (4) (17) (19) Gain on disposal of business — 213 — Pretax income per consolidated statements of operations $ 1,831 $ 2,232 $ 2,484

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data (Unaudited) [Text Block]	Quarterly Financial Data (Unaudited) 2020 2019 12/31 9/30 6/30 3/31 12/31 9/30 6/30 3/31 (in millions, except per share data) Net revenues $ 3,183 $ 3,003 $ 2,712 $ 3,001 $ 3,287 $ 3,317 $ 3,245 $ 3,118 Pretax income 190 (184) (526) 2,351 534 641 587 470 Net income 177 (140) (539) 2,036 463 543 492 395 Earnings per share: Basic $ 1.46 $ (1.14) $ (4.31) $ 16.11 $ 3.59 $ 4.09 $ 3.61 $ 2.85 Diluted $ 1.43 $ (1.14) (1) $ (4.31) (1) $ 15.88 $ 3.53 $ 4.04 $ 3.57 $ 2.82 Weighted average common shares outstanding: Basic 120.9 123.0 125.0 126.4 129.0 132.7 136.1 138.8 Diluted 123.4 124.9 126.2 128.2 131.3 134.5 138.0 140.1 Cash dividends declared per common share $ 1.04 $ 1.04 $ 1.04 $ 0.97 $ 0.97 $ 0.97 $ 0.97 $ 0.90 (1) Diluted shares used in this calculation represent basic shares due to the net loss. Using actual diluted shares would result in anti-dilution.

SCHEDULE I - CONDENSED FINANCIA

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Parent Company Only)	Schedule I — Condensed Financial Information of Registrant Years Ended December 31, 2020 2019 2018 (in millions) Revenues Management and financial advice fees $ — $ (1) $ (1) Net investment income 23 9 34 Other revenues 15 14 4 Gain on disposal of business — 213 — Total revenues 38 235 37 Banking and deposit interest expense 3 9 7 Total net revenues 35 226 30 Expenses Benefits, claims, losses and settlement expenses — 49 4 Distribution expenses 12 24 4 Interest and debt expense 105 126 120 General and administrative expense 198 244 210 Total expenses 315 443 338 Pretax loss before equity in earnings of subsidiaries (280) (217) (308) Income tax benefit (87) (38) (73) Loss before equity in earnings of subsidiaries (193) (179) (235) Equity in earnings of subsidiaries 1,727 2,072 2,333 Net income 1,534 1,893 2,098 Other comprehensive income (loss), net of tax 367 553 (519) Total comprehensive income $ 1,901 $ 2,446 $ 1,579 See Notes to Condensed Financial Information of Registrant. Schedule I — Condensed Financial Information of Registrant December 31, 2020 2019 (in millions, except share amounts) Assets Cash and cash equivalents $ 1,071 $ 730 Investments 877 1,430 Loans to subsidiaries 247 361 Due from subsidiaries 497 305 Receivables 2 5 Land, buildings, equipment, and software, net of accumulated depreciation of $929 and $952, respectively 208 207 Investments in subsidiaries 7,153 6,665 Other assets 1,334 1,136 Total assets $ 11,389 $ 10,839 Liabilities and Shareholders’ Equity Liabilities: Accounts payable and accrued expenses $ 936 $ 797 Due to subsidiaries 60 137 Borrowings from subsidiaries 494 401 Long-term debt 2,831 3,097 Other liabilities 1,201 678 Total liabilities 5,522 5,110 Shareholders’ Equity: Common shares ($.01 par value; shares authorized, 1,250,000,000; shares issued, 332,390,132 and 329,842,827, respectively) 3 3 Additional paid-in capital 8,822 8,461 Retained earnings 15,292 14,279 Treasury shares, at cost (215,624,519 and 205,903,593 shares, respectively) (18,879) (17,276) Accumulated other comprehensive income (loss), net of tax, including amounts applicable to equity 629 262 Total shareholders’ equity 5,867 5,729 Total liabilities and equity $ 11,389 $ 10,839 See Notes to Condensed Financial Information of Registrant. Schedule I — Condensed Financial Information of Registrant Condensed Statements of Cash Flows (Parent Company Only) Years Ended December 31, 2020 2019 2018 (in millions) Cash Flows from Operating Activities Net income $ 1,534 $ 1,893 $ 2,098 Equity in earnings of subsidiaries (1,727) (2,072) (2,333) Dividends received from subsidiaries 2,018 2,721 2,093 Gain on disposal of business before affinity partner payment — (313) — Other operating activities, primarily with subsidiaries 282 596 57 Net cash provided by (used in) operating activities 2,107 2,825 1,915 Cash Flows from Investing Activities Available-for-Sale securities: Proceeds from sales 922 — — Maturities, sinking fund payments and calls 161 204 94 Purchases (15) (1,153) (222) Proceeds from sale of other investments — 6 — Purchase of other investments (12) (12) — Proceeds from sale of land, buildings, equipment and software 2 — — Purchase of land, buildings, equipment and software (54) (42) (62) Proceeds from disposal of business — 1,138 — Contributions to subsidiaries (416) (368) (73) Return of capital from subsidiaries 131 18 454 Repayment of loans from subsidiaries 3,288 2,468 1,623 Issuance of loans to subsidiaries (3,174) (2,457) (1,768) Acquisition of surplus loans to subsidiaries (500) — — Other, net — (65) 2 Net cash provided by (used in) investing activities 333 (263) 48 Cash Flows from Financing Activities Dividends paid to shareholders (497) (504) (506) Repurchase of common shares (1,441) (1,943) (1,630) Cash paid for purchased options with deferred premiums — (107) (20) Issuance of long-term debt, net of issuance costs 496 497 — Repayments of long-term debt (762) (313) (13) Borrowings from subsidiaries 871 132 472 Repayments of borrowings from subsidiaries (751) (79) (273) Exercise of stock options 3 3 2 Other, net (18) 6 (13) Net cash provided by (used in) financing activities (2,099) (2,308) (1,981) Net increase (decrease) in cash and cash equivalents 341 254 (18) Cash and cash equivalents at beginning of year 730 476 494 Cash and cash equivalents at end of year $ 1,071 $ 730 $ 476 Supplemental Disclosures: Interest paid on debt $ 107 $ 123 $ 126 Income taxes paid (received), net 26 (109) (27) Non-cash dividends from subsidiaries — 81 195 See Notes to Condensed Financial Information of Registrant. Schedule I — Condensed Financial Information of Registrant Notes to Condensed Financial Information of Registrant (Parent Company Only) 1. Basis of Presentation The accompanying Condensed Financial Statements include the accounts of Ameriprise Financial, Inc. (the “Parent Company”) and, on an equity basis, its subsidiaries and affiliates. The financial statements have been prepared in accordance with U.S. generally accepted accounting principles. The financial information of the Parent Company should be read in conjunction with the Consolidated Financial Statements and Notes of Ameriprise Financial. Parent Company revenues and expenses, other than compensation and benefits and debt and interest expense, are primarily related to intercompany transactions with subsidiaries and affiliates. The change in the fair value of derivative instruments used as hedges is reflected in the Parent Company Only Condensed Statements of Operations. For certain of these derivatives, the change in the hedged item is reflected in the subsidiaries’ Statements of Operations. The change in fair value of certain derivatives used to economically hedge risk related to guaranteed minimum withdrawal benefit (“GMWB”) provisions is included in benefits, claims, losses and settlement expenses, while the underlying benefits, claims, losses and settlement expenses are reflected in equity in earnings of subsidiaries. 2. Investments On December 23, 2020, RiverSource Life Insurance Company (“RVSL”) issued a $500 million unsecured 3.5% surplus note due December 31, 2050 to the Parent Company. The surplus note is subordinate in right of payment to the prior payment in full of the RVSL’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 RVSL’s statutory surplus. Interest payments are due semi-annually in arrears on June 30 and December 31, commencing on June 30, 2021. Subject to the preceding conditions, RVSL may prepay all or a portion of the principal at any time. The held-to-maturity investment of $500 million as of December 31, 2020 is recorded in Investments on the Parent Company’s Condensed Balance Sheets. Interest income will be reported in Net investment income on the Parent Company’s Condensed Statements of Operations. In December 2018, the Parent Company invested in the residual tranche of an asset backed security structure issued by Ameriprise Advisor Financing, LLC, a subsidiary of the Parent Company. The asset backed securities are collateralized by a portfolio of loans issued to advisors affiliated with Ameriprise Financial Services, LLC (“AFS”), a subsidiary of the Parent Company. The fair value of the residual tranche was $90 million and $94 million as of December 31, 2020 and 2019, respectively, and is reported in Investments on the Parent Company’s Condensed Balance Sheets. For the year ended December 31, 2020, interest income was $6 million and is reported in Net investment income on the Parent Company’s Condensed Statements of Operations. 3. Debt All of the debt of Ameriprise Financial is borrowings of the Parent Company, except as indicated below. • As of December 31, 2020 and 2019, Ameriprise Financial had $200 million and $201 million, respectively, of borrowings from the Federal Home Loan Bank of Des Moines, which is collateralized with commercial mortgage backed securities and residential mortgage backed securities. 4. Borrowings from Subsidiaries The Parent Company has intercompany lending arrangements with its subsidiaries. At the end of each business day, taking into consideration all legal and regulatory requirements associated with its subsidiaries, the Parent Company is entitled to draw on all funds in specified bank accounts. Repayment of all or a portion of the funds is due on demand. The Parent Company also has revolving credit agreements with its subsidiaries as the borrower aggregating $1.3 billion as of both December 31, 2020 and 2019, of which $172 million and $50 million was outstanding as of December 31, 2020 and 2019, respectively. 5. Guarantees, Commitments and Contingencies The Parent Company is the guarantor for operating leases of certain subsidiaries. All consolidated legal, regulatory and arbitration proceedings, including class actions of Ameriprise Financial, Inc. and its consolidated subsidiaries are potential or current obligations of the Parent Company. The Parent Company has committed revolving credit agreements with its subsidiaries as the lender aggregating $366 million as of December 31, 2020. The Parent Company and Ameriprise Certificate Company (“ACC”) entered into a Capital Support Agreement on March 2, 2009, pursuant to which the Parent Company agrees to commit such capital to ACC as is necessary to satisfy applicable minimum capital requirements. Effective April 30, 2014, this agreement was amended to revise the maximum commitment to $50 million. For the years ended December 31, 2020, 2019 and 2018, ACC did not draw upon the Capital Support Agreement and had met all applicable capital requirements. AFS entered into a Financial Industry Regulatory Authority approved subordinated loan agreement with the Parent Company on December 15, 2014 for regulatory net capital purposes. The agreement consists of a $200 million secured demand note. The note is secured by cash and securities equal to the principal value of the note pledged by the Parent Company. For the year ended December 31, 2020, AFS had not made a demand of the principal amount.

Disposal of Business Disposal o

Disposal of Business Disposal of Business	12 Months Ended
	Dec. 31, 2020
Disposal of business [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Disposal of Business On October 1, 2019, the Company completed the sale of AAH to American Family Insurance Mutual Holding Company (American Family Insurance). The Company received gross proceeds of $1.1 billion in cash at closing. After a payment to an affinity partner, the net proceeds were $1.0 billion. The Company recognized a gain on disposal of $213 million in the fourth quarter of 2019, which is net of the $100 million payment to an affinity partner.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
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 VIEs 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 losses of the VIE or the right to receive 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.
Foreign Currency Translation	Foreign Currency Translation Assets and liabilities of foreign subsidiaries, whose functional currency is other than the U.S. dollar, are translated into U.S. dollars based upon exchange rates prevailing at the end of each period. Revenues and expenses are translated at daily exchange rates during the period. The resulting translation adjustment, along with any related hedge and tax effects, are included in accumulated other comprehensive income (“AOCI”). The determination of the functional currency is based on the primary economic environment in which the entity operates. Gains and losses from foreign currency transactions are included in General and administrative expenses in the consolidated results of operations.
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 recognition of other-than-temporary impairments, deferred acquisition costs (“DAC”) and the corresponding recognition of DAC amortization, valuation of derivative instruments and hedging activities, litigation reserves, future policy benefits and claims reserves 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.
Cash and Cash Equivalents	Cash and Cash EquivalentsCash equivalents include time deposits and other highly liquid investments with original or remaining maturities at the time of purchase of 90 days or less.
Investments	Investments Available-for-Sale Securities Available-for-Sale securities are carried at fair value with unrealized gains (losses) recorded in AOCI, net of impacts to DAC, deferred sales inducement costs (“DSIC”), unearned revenue, benefit reserves, reinsurance recoverables and income taxes which is consistent with prior periods before January 1, 2020. Available-for-Sale securities are recorded within investments on the Consolidated Balance Sheets. Gains and losses are recognized on a trade date basis in the Consolidated Statements of Operations 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 (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 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 investment income. 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 which is consistent with prior periods before January 1, 2020. Factors the Company considers in determining whether declines in the fair value of fixed maturity securities 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. However, for Available-for-Sale securities that recognized an impairment prior to January 1, 2020 by reducing the book value of the security, the difference between the new amortized cost basis and the improved cash flows expected to be collected is accreted as interest income. 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, asset backed securities and other structured investments), the Company also considers credit-related factors such as overall deal structure and its
Financing Receivables	Financing Receivables Commercial Loans Commercial loans include commercial mortgage loans, syndicated loans, and advisor loans and are recorded at amortized cost less the allowance for loan losses. Commercial mortgage loans and syndicated loans are recorded within investments on the Consolidated Balance Sheets. Advisor loans are recorded within receivables on the Consolidated Balance Sheets. 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. The Company offers loans to financial advisors primarily for recruiting, transitional cost assistance and retention purposes. These advisor loans are generally repaid over a five- to ten-year period. If the financial advisor is no longer affiliated with the Company, any unpaid balance of such loan becomes immediately due. 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 on the Consolidated Statements of Operations. Interest income recognized on advisor loans is recorded in other revenues on the Consolidated Statements of operations. Consumer Loans Consumer loans consist of credit card receivables, policy loans, brokerage margin loans and pledged asset lines of credit and are recorded at amortized cost less the allowance for loan losses. Credit card receivables and policy loans are recorded within investments on the Consolidated Balance Sheets. Brokerage margin loans and pledged asset lines of credit are recorded within receivables on the Consolidated Balance Sheets. Credit card receivables are related to Ameriprise-branded credit cards issued to the Company’s customers by a third party. When originated, policy loan balances do not exceed the cash surrender value of the underlying products. The Company’s broker dealer subsidiaries enter into lending arrangements with clients through the normal course of business, which are primarily based on customer margin levels. Ameriprise Bank, FSB, enters into revolving lines of credit with customers of the Company’s broker dealer subsidiaries, where certain of the customer’s assets held in brokerage accounts serve as collateral. Interest income is accrued as earned on the unpaid principal balances of the loans which is consistent with prior periods before January 1, 2020. Interest income recognized on consumer loans is recorded in net investment income on the Consolidated Statements of Operations. Deposit Receivable 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 are included in receivables. As amounts are received, consistent with the underlying contracts, the deposit receivable is adjusted. The deposit receivable is 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. Prior to January 1, 2020, the allowance for credit losses was based on an incurred loss model that did not require estimating expected credit losses over the expected life of the asset. 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 investment income 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 portfolio. When determining the allowance for credit losses for advisor loans, the Company considers its actual historical collection experience and advisor termination experience as well as other factors including amounts due at termination, the reasons for the terminated relationship, length of time since termination, and the former financial advisor’s overall financial position. Management may identify certain pools of advisors at higher risk of termination based on production metrics or other factors. Management uses its best estimate of future termination and collection rates to estimate expected credit losses over the expected life of the loans. The allowance for credit losses on advisor loans is recorded in distribution expenses. Consumer Loans The allowance for loan losses for credit card receivables is based on a model that projects the Company’s receivable exposure over the expected life of the loans using cohorts based on the age of the receivable, geographic location, and credit scores. The model utilizes industry data to derive probability of default and loss given default assumptions, adjusted for current and future economic conditions. Management evaluates actual historical charge-off experience and monitors risk factors including FICO scores and past-due status within the credit card portfolio to ensure the allowance for loan losses based on industry data appropriately reserves for risks specific to the Company’s portfolio. The allowance for credit losses for credit card receivables is recorded in net investment income. The Company monitors the market value of collateral supporting the margin loans and pledged asset lines of credit and requests additional collateral when necessary in order to mitigate the risk of loss. Due to these ongoing monitoring procedures, the allowance for credit losses is only measured for the margin loan balances and pledged asset line of credit balances that are uncollateralized at the balance sheet date. 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 Receivable The allowance for credit losses is calculated on an individual reinsurer basis. The deposit receivable is collateralized by an underlying trust arrangement. 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. Advisor loans are placed on nonaccrual status upon the advisor’s termination. 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, syndicated loans, and consumer loans. Restructured Loans A loan is classified as a restructured loan when the Company makes certain concessionary modifications to contractual terms for borrowers experiencing financial difficulties. When the interest rate, minimum payments, and/or due dates have been modified in an attempt to make the loan more affordable to a borrower experiencing financial difficulties, the modification is considered a troubled debt restructuring. Modifications to loan terms do not automatically result in troubled debt restructurings (“TDRs”). Per the Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus, modifications made on a good faith basis in response to the coronavirus disease 2019 (“COVID-19”) pandemic to borrowers who were not more than 30 days past due as of December 31, 2019, such as payment deferrals, extensions of repayment terms, fee waivers, or delays in payment that are not significant to the unpaid principal value of the loan, are not considered TDRs. Generally, performance prior to the restructuring or significant events that coincide with the restructuring 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 restructuring 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.
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 Operations. Separate account assets are recorded at fair value and separate account liabilities are equal to the assets recognized. Included in separate account assets and liabilities is the fair value of the pooled pension funds that are offered by Threadneedle.
Restricted and Segregated Cash and Investments	Restricted and Segregated Cash, Cash Equivalents and Investments Amounts segregated under federal and other regulations are held in special reserve bank accounts for the exclusive benefit of the Company’s brokerage customers. Cash and cash equivalents included in restricted and segregated cash, cash equivalents and investments are presented as part of cash balances in the Company’s Consolidated Statements of Cash Flows.
Land, Buildings, Equipment and Software	Land, Buildings, Equipment and SoftwareLand, buildings, equipment and internally developed or purchased 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
Lessee, Leases	Leases The Company has operating and finance leases for corporate and field offices. The Company determines if an arrangement is a lease at inception or modification. Right-of-use (“ROU”) assets represent the Company’s right to use an underlying asset for the lease term and corresponding lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. The Company uses its incremental borrowing rate to determine the present value of the future lease payments. The incremental borrowing rate is determined at lease commencement date using a secured rate for a similar term as the period of the lease. Certain lease incentives such as free rent periods are recorded as a reduction of the ROU asset. Lease costs for operating ROU assets is recognized on a straight-line basis over the lease term. Certain leases include one or more options to renew with terms that can extend the lease from one year to 20 years. The exercise of any lease renewal option is at the sole discretion of the Company. Renewal options are included in the ROU assets and lease liabilities when they either provide an economic incentive to renew or when the costs related to the termination of a lease outweigh the benefits of signing a new lease.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill represents the amount of an acquired company’s acquisition cost in excess of the fair value of assets acquired and liabilities assumed. The Company evaluates goodwill for impairment annually on the measurement date of July 1 and whenever events and circumstances indicate that an impairment may have occurred, such as a significant adverse change in the business climate or a decision to sell or dispose of a reporting unit. Impairment is the amount carrying value exceeds fair value and is evaluated at the reporting unit level. The Company assesses various qualitative factors to determine whether impairment is likely to have occurred. If impairment were to occur, the Company would use the discounted cash flow method, a variation of the income approach. Intangible assets are amortized over their estimated useful lives unless they are deemed to have indefinite useful lives. The Company evaluates the definite lived intangible assets remaining useful lives annually and tests for impairment whenever events and circumstances indicate that an impairment may have occurred, such as a significant adverse change in the business climate. For definite lived intangible assets, impairment to fair value is recognized if the carrying amount is not recoverable. Indefinite lived intangibles are also tested for impairment annually or whenever circumstances indicate an impairment may have occurred. Goodwill and other intangible assets are reflected in other assets.
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”), (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”), or (iii) hedges of foreign currency exposures of net investments in foreign operations (“net investment hedges in foreign operations”). 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 Operations 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 Operations 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 Operations 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. For derivative instruments that qualify as net investment hedges in foreign operations, the effective portion of the change in fair value of the derivatives is recorded in AOCI as part of the foreign currency translation adjustment. Any ineffective portion of the net investment hedges in foreign operations is recognized in net investment income during the period of change. The equity component of indexed annuity, structured variable annuity, indexed universal life (“IUL”) and stock market certificate (“SMC”) obligations are considered embedded derivatives. Additionally, certain annuities contain guaranteed minimum accumulation benefit (“GMAB”) and guaranteed minimum withdrawal benefit (“GMWB”) provisions. The GMAB and the non-life contingent benefits associated with GMWB provisions are also considered embedded derivatives.
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 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 contract terminations. These transactions are anticipated in establishing amortization periods and other valuation assumptions. The Company monitors other DAC amortization assumptions, such as persistency, mortality, morbidity, interest margin, variable annuity benefit utilization and maintenance expense levels each quarter and, when assessed independently, each could impact the Company’s DAC balances. The analysis of DAC balances and the corresponding amortization is a dynamic process that 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. Non-Traditional Long-Duration Products For non-traditional long-duration products (including variable, structured variable and fixed deferred annuity contracts, universal life (“UL”) and variable universal life (“VUL”) insurance products), DAC are amortized based on projections of estimated gross profits (“EGPs”) over amortization periods equal to the approximate life of the business. EGPs vary based on persistency rates (assumptions at which contractholders and policyholders are expected to surrender, make withdrawals from and make deposits to their contracts), mortality levels, client asset value growth rates (based on equity and bond market performance), variable annuity benefit utilization and interest margins (the spread between earned rates on invested assets and rates credited to contractholder and policyholder accounts) and are management’s best estimates. Management regularly monitors financial market conditions and actual contractholder and policyholder behavior experience and compares them to its assumptions. These assumptions are updated whenever it appears that earlier estimates should be revised. When assumptions are changed, the percentage of EGPs used to amortize DAC might also change. A change in the required amortization percentage is applied retrospectively; an increase in amortization percentage will result in a decrease in the DAC balance and an increase in DAC amortization expense, while a decrease in amortization percentage will result in an increase in the DAC balance and a decrease in DAC amortization expense. The impact on results of operations of changing assumptions can be either positive or negative in any particular period and is reflected in the period in which such changes are made. At each balance sheet date, the DAC balance is adjusted for the effect that would result from the realization of unrealized gains or losses on securities impacting EGPs, with the related change recognized through AOCI. The client asset value growth rates are the rates at which variable annuity and VUL insurance contract values invested in separate accounts are assumed to appreciate in the future. The rates used vary by equity and fixed income investments. Management reviews and, where appropriate, adjusts its assumptions with respect to client asset value growth rates on a regular basis. The Company typically uses a five-year mean reversion process as a guideline in setting near-term equity fund growth rates based on a long-term view of financial market performance as well as recent actual performance. The suggested near-term equity fund growth rate is reviewed quarterly to ensure consistency with management’s assessment of anticipated equity market performance. DAC amortization expense recorded in a period when client asset value growth rates exceed management’s near-term estimate will typically be less than in a period when growth rates fall short of management’s near-term estimate. Traditional Long-Duration Products For traditional long-duration products (including traditional life and disability income (“DI”) insurance products), DAC are generally amortized as a percentage of premiums over amortization periods equal to the premium paying period. The assumptions made in calculating the DAC balance and DAC amortization expense are consistent with those used in determining the liabilities. For traditional life and DI insurance products, the assumptions provide for adverse deviations in experience and are revised only if management concludes experience will be so adverse that DAC are not recoverable. If management concludes that DAC are not recoverable, DAC are reduced to the amount that is recoverable based on best estimate assumptions and there is a corresponding expense recorded in the Consolidated Statements of Operations.
Deferred Sales Inducement Costs	Deferred Sales Inducement Costs 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 using the same methodology and assumptions used to amortize DAC. DSIC is recorded in other assets, and amortization of DSIC is recorded in benefits, claims, losses and settlement expenses.
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 for traditional life, long term care (“LTC”) and DI, net of the change in any prepaid reinsurance asset, are reported as a reduction of premiums, policy and contract charges. UL and VUL reinsurance premiums are reported as a reduction of premiums, 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 or contra asset and amortized over the estimated life of the policies in proportion to the estimated gross profits and is subject to retrospective adjustment in a manner similar to retrospective adjustment of DAC. The assumptions used to project the expected cash flows are consistent with those used for DAC valuation for the same contracts. Changes in the net cost of reinsurance are reflected as a component of premiums, policy and contract charges. Reinsurance recoveries are reported as components of benefits, claims, losses and settlement expenses. Insurance liabilities are reported before the effects of reinsurance. Policyholder account balances, future policy benefits and claims recoverable under reinsurance contracts are recorded within receivables, 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 the fact the Company has no actual history of losses and the fact 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 long-term care business. The allowance for credit losses on reinsurance recoverable is recorded through provisions charged to benefits, claims, losses and settlement expenses on the Consolidated Statements of Operations. 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 8 for additional information on reinsurance.
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 and short-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 products. Prior to the sale of Ameriprise Auto & Home (“AAH”), reserves for short-duration products were established to provide adequately for incurred losses primarily related to auto and home policies. Guarantees accounted for as insurance liabilities include guaranteed minimum death benefit (“GMDB”), gain gross-up (“GGU”), guaranteed minimum income benefit (“GMIB”) and the life contingent benefits associated with GMWB. In addition, UL and VUL policies with product features that result in profits followed by losses are accounted for as insurance liabilities. Guarantees accounted for as embedded derivatives include GMAB and the non-life contingent benefits associated with GMWB. In addition, the portion of structured variable annuities, indexed annuities and IUL policies allocated to the indexed account is accounted for as an embedded derivative. Changes in future policy benefits and claims are reflected in earnings in the period adjustments are made. Where applicable, benefit amounts expected to be recoverable from reinsurance companies who share in the risk are separately recorded as reinsurance recoverable within receivables. 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, liabilities for guaranteed benefits associated with variable annuities and embedded derivatives for variable and structured variable annuities, indexed annuities and IUL products. Liabilities for fixed account values on variable, structured variable and 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. 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 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 12 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 covering guaranteed benefits and the fair value of embedded equity options. The GMDB and GGU liability is determined by estimating the expected value of death benefits in excess of the projected contract accumulation value and recognizing the excess over the estimated life based on expected assessments (e.g., mortality and expense fees, contractual administrative charges and similar fees). If elected by the contract owner and after a stipulated waiting period from contract issuance, a GMIB guarantees a minimum lifetime annuity based on a specified rate of contract accumulation value growth and predetermined annuity purchase rates. The GMIB liability is determined each period by estimating the expected value of annuitization benefits in excess of the projected contract accumulation value at the date of annuitization and recognizing the excess over the estimated life based on expected assessments. The liability for the life contingent benefits associated with GMWB provisions is determined by estimating the expected value of benefits that are contingent upon survival after the account value is equal to zero and recognizing the benefits over the estimated life based on expected assessments (e.g., mortality and expense fees, contractual administrative charges and similar fees). In determining the liabilities for GMDB, GGU, GMIB and the life contingent benefits associated with GMWB, the Company projects these benefits and contract assessments using actuarial models to simulate various equity market scenarios. Significant assumptions made in projecting future benefits and assessments relate to customer asset value growth rates, mortality, persistency, benefit utilization and investment margins and are consistent with those used for DAC valuation for the same contracts. As with DAC, unless the Company’s management identifies a significant deviation over the course of quarterly monitoring, management reviews and updates these assumptions annually in the third quarter of each year. See Note 12 for information regarding variable annuity guarantees. Liabilities for fixed annuities in a benefit or payout status utilize assumptions established as of the date the payout phase is initiated. The liabilities are the present value of future estimated payments reduced for mortality (which is based on industry mortality tables with modifications based on the Company’s experience) and discounted with interest rates. Embedded Derivatives The fair value of embedded derivatives related to GMAB and the non-life contingent benefits associated with GMWB provisions fluctuate based on equity, interest rate and credit markets and the estimate of the Company’s nonperformance risk, which can cause these embedded derivatives to be either an asset or a liability. 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 a liability. See Note 15 for information regarding the fair value measurement of embedded derivatives. Traditional Long-Duration Products The liabilities for traditional long-duration products include liabilities for 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 and LTC policies as claims are incurred in the future. Liabilities for unpaid amounts on reported life insurance claims are equal to the death benefits payable under the policies. Liabilities for unpaid amounts on reported DI and LTC claims include any periodic or other benefit amounts due and accrued, along with estimates of the present value of obligations for continuing benefit payments. These unpaid amounts are calculated using anticipated claim continuance rates based on established industry tables, adjusted as appropriate for the Company’s experience. The discount rates used to calculate present values are based on average interest rates earned on assets supporting the liability for unpaid amounts. Liabilities for estimated benefits payable on claims that have been incurred but not yet reported are based on periodic analysis of the actual time lag between when a claim occurs and when it is reported. Liabilities for estimates of benefits that will become payable on future claims on term life, whole life and DI insurance policies are based on the net level premium and LTC policies are based on a gross premium valuation reflecting management’s current best estimate assumptions. Net level premium includes anticipated premium payments, mortality and morbidity rates, policy persistency and interest rates earned on assets supporting the liability. Gross premium valuation includes expected premium rate increases, benefit reductions, morbidity rates, policy persistency and interest rates earned on assets supporting the liability. Anticipated mortality and morbidity rates are based on established industry mortality and morbidity tables, with modifications based on the Company’s experience. Anticipated premium payments and persistency rates vary by policy form, issue age, policy duration and certain other pricing factors. For term life, whole life, DI and LTC policies, the Company utilizes best estimate assumptions as of the date the policy is issued with provisions for the risk of adverse deviation, as appropriate. After the liabilities are initially established, management performs premium deficiency tests using current best estimate assumptions without provisions for adverse deviation annually in the third quarter of each year unless management identifies a material deviation over the course of quarterly monitoring. If the liabilities determined based on these best estimate assumptions are greater than the net reserves (i.e., GAAP reserves net of any DAC balance), the existing net reserves are adjusted by first reducing the DAC balance by the amount of the deficiency or to zero through a charge to current period earnings. If the deficiency is more than the DAC balance, then the net reserves are increased by the excess through a charge to current period earnings. If a premium deficiency is recognized, the assumptions as of the date of the loss recognition are locked in and used in subsequent periods. The assumptions for LTC insurance products are management’s best estimate as of the date of loss recognition and thus no longer provide for adverse deviations in experience. See Note 11 for information regarding the liabilities for traditional long-duration products.
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 using EGPs, similar to DAC. The unearned revenue liability is recorded in other liabilities and the amortization is recorded in premiums, policy and contract charges.
Share-Based Compensation	Share-Based Compensation The Company measures and recognizes the cost of share-based awards granted to employees and directors based on the grant-date fair value of the award and recognizes the expense (net of estimated forfeitures) on a straight-line basis over the vesting period. Excess tax benefits or deficiencies are created upon distribution or exercise of awards and are recognized as income tax expense or benefit in the income statement. The fair value of each option is estimated on the grant date using a Black-Scholes option-pricing model. The Company recognizes the cost of performance share units granted to the Company’s Executive Leadership Team on a fair value basis until fully vested.
Income Taxes	Income Taxes 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 24 for additional information on the Company’s valuation allowance.
Revenue Recognition	Revenue Recognition Mortality and expense risk fees are generally calculated as a percentage of the fair value of assets held in separate accounts and recognized when assessed. 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. Realized gains and losses on securities, other than trading securities and equity method investments, are recognized using the specific identification method on a trade date basis. Prior to the sale of AAH, premiums on auto and home insurance were net of reinsurance premiums and recognized ratably over the coverage period. Premiums on traditional life, health insurance and immediate annuities with a life contingent feature are net of reinsurance ceded and are recognized as revenue when due. Variable annuity guaranteed benefit rider charges and cost of insurance charges on UL and VUL insurance (net of reinsurance premiums and cost of reinsurance for universal life insurance products) are recognized as revenue when assessed. See Note 4 for further discussion of accounting policies on revenue from contracts with customers.

Revenue from Contract with Cu_2

Revenue from Contract with Customer Revenue from Contract with Customer (Tables)	12 Months Ended
	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	The following tables present revenue disaggregated by segment on an adjusted operating basis with a reconciliation of segment revenues to those reported on the Consolidated Statements of Operations: Year Ended December 31, 2020 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate Total Segments Non-operating Revenue Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 1,822 $ — $ — $ 1,822 $ — $ 1,822 Institutional — 442 — — 442 — 442 Advisory fees 3,511 — — — 3,511 — 3,511 Financial planning fees 348 — — — 348 — 348 Transaction and other fees 352 190 62 — 604 — 604 Total management and financial advice fees 4,211 2,454 62 — 6,727 — 6,727 Distribution fees: Mutual funds 737 237 — — 974 — 974 Insurance and annuity 835 174 363 — 1,372 — 1,372 Other products 430 — — — 430 — 430 Total distribution fees 2,002 411 363 — 2,776 — 2,776 Other revenues 182 2 6 3 193 — 193 Total revenue from contracts with customers 6,395 2,867 431 3 9,696 — 9,696 Revenue from other sources (1) 339 24 2,663 546 3,572 77 3,649 Total segment gross revenues 6,734 2,891 3,094 549 13,268 77 13,345 Less: Banking and deposit interest expense 59 — — 3 62 — 62 Total segment net revenues 6,675 2,891 3,094 546 13,206 77 13,283 Less: Intersegment revenues 893 53 433 (2) 1,377 7 1,384 Total net revenues $ 5,782 $ 2,838 $ 2,661 $ 548 $ 11,829 $ 70 $ 11,899 Year Ended December 31, 2019 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate Total Segments Non-operating Revenue Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 1,783 $ — $ — $ 1,783 $ — $ 1,783 Institutional — 495 — — 495 — 495 Advisory fees 3,156 — — — 3,156 — 3,156 Financial planning fees 330 — — — 330 — 330 Transaction and other fees 355 189 63 — 607 — 607 Total management and financial advice fees 3,841 2,467 63 — 6,371 — 6,371 Distribution fees: Mutual funds 726 237 — — 963 — 963 Insurance and annuity 875 171 357 6 1,409 — 1,409 Other products 680 — — — 680 — 680 Total distribution fees 2,281 408 357 6 3,052 — 3,052 Other revenues 177 4 — — 181 — 181 Total revenue from contracts with customers 6,299 2,879 420 6 9,604 — 9,604 Revenue from other sources (1) 436 34 2,703 1,479 4,652 265 4,917 Total segment gross revenues 6,735 2,913 3,123 1,485 14,256 265 14,521 Less: Banking and deposit interest expense 136 — — 8 144 — 144 Total segment net revenues 6,599 2,913 3,123 1,477 14,112 265 14,377 Less: Intersegment revenues 924 55 429 (6) 1,402 8 1,410 Total net revenues $ 5,675 $ 2,858 $ 2,694 $ 1,483 $ 12,710 $ 257 $ 12,967 Year Ended December 31, 2018 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate Total Segments Non-operating Revenue Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 1,874 $ — $ — $ 1,874 $ — $ 1,874 Institutional — 453 — — 453 — 453 Advisory fees 2,865 — — — 2,865 — 2,865 Financial planning fees 318 — — — 318 — 318 Transaction and other fees 355 190 65 — 610 — 610 Total management and financial advice fees 3,538 2,517 65 — 6,120 — 6,120 Distribution fees: Mutual funds 729 260 — — 989 — 989 Insurance and annuity 890 173 360 7 1,430 — 1,430 Other products 622 — — — 622 — 622 Total distribution fees 2,241 433 360 7 3,041 — 3,041 Other revenues 171 3 1 — 175 — 175 Total revenue from contracts with customers 5,950 2,953 426 7 9,336 — 9,336 Revenue from other sources (1) 328 58 2,741 1,740 4,867 158 5,025 Total segment gross revenues 6,278 3,011 3,167 1,747 14,203 158 14,361 Less: Banking and deposit interest expense 89 — — 6 95 — 95 Total segment net revenues 6,189 3,011 3,167 1,741 14,108 158 14,266 Less: Intersegment revenues 952 50 417 (5) 1,414 17 1,431 Total net revenues $ 5,237 $ 2,961 $ 2,750 $ 1,746 $ 12,694 $ 141 $ 12,835 (1) Revenues not included in the scope of the revenue from contracts with customers standard. The amounts primarily consist of revenue associated with insurance and annuity products or financial instruments.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	12 Months Ended
	Dec. 31, 2020
Assets and liabilities measured at fair value
Schedule of assets and liabilities held by consolidated investment entities measured at fair value on a recurring basis	The following tables present the balances of assets and liabilities of Ameriprise Financial measured at fair value on a recurring basis: December 31, 2020 Level 1 Level 2 Level 3 Total (in millions) Assets Cash equivalents $ 2,935 $ 2,506 $ — $ 5,441 Available-for-Sale securities: Corporate debt securities — 12,902 772 13,674 Residential mortgage backed securities — 10,020 9 10,029 Commercial mortgage backed securities — 6,088 — 6,088 Asset backed securities — 3,297 32 3,329 State and municipal obligations — 1,384 — 1,384 U.S. government and agency obligations 1,456 — — 1,456 Foreign government bonds and obligations — 262 — 262 Other securities — 61 — 61 Total Available-for-Sale securities 1,456 34,014 813 36,283 Investments at NAV 8 (1) Trading and other securities 61 27 — 88 Separate account assets at NAV 92,611 (1) Investments and cash equivalents segregated for regulatory purposes 600 — — 600 Other assets: Interest rate derivative contracts 1 1,754 — 1,755 Equity derivative contracts 408 3,682 — 4,090 Credit derivative contracts — 2 — 2 Foreign exchange derivative contracts 1 22 — 23 Total other assets 410 5,460 — 5,870 Total assets at fair value $ 5,462 $ 42,007 $ 813 $ 140,901 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives $ — $ 3 $ 49 $ 52 IUL embedded derivatives — — 935 935 GMWB and GMAB embedded derivatives — — 2,316 2,316 (2) Structured variable annuity embedded derivatives — — 70 70 Total policyholder account balances, future policy benefits and claims — 3 3,370 3,373 (3) Customer deposits — 8 — 8 Other liabilities: Interest rate derivative contracts — 734 — 734 Equity derivative contracts 183 3,388 — 3,571 Credit derivative contracts — 1 — 1 Foreign exchange derivative contracts 2 4 — 6 Other 2 3 43 48 Total other liabilities 187 4,130 43 4,360 Total liabilities at fair value $ 187 $ 4,141 $ 3,413 $ 7,741 December 31, 2019 Level 1 Level 2 Level 3 Total (in millions) Assets Cash equivalents $ 267 $ 2,924 $ — $ 3,191 Available-for-Sale securities: Corporate debt securities — 11,437 750 12,187 Residential mortgage backed securities — 10,012 17 10,029 Commercial mortgage backed securities — 5,563 — 5,563 Asset backed securities — 1,987 19 2,006 State and municipal obligations — 1,367 — 1,367 U.S. government and agency obligations 1,680 — — 1,680 Foreign government bonds and obligations — 271 — 271 Other securities — 26 — 26 Total Available-for-Sale securities 1,680 30,663 786 33,129 Equity securities 1 — — 1 Investments at NAV 6 (1) Trading and other securities 12 26 — 38 Separate account assets at NAV 87,488 (1) Investments and cash equivalents segregated for regulatory purposes 14 — — 14 Other assets: Interest rate derivative contracts — 1,455 — 1,455 Equity derivative contracts 162 2,722 — 2,884 Credit derivative contracts — 4 — 4 Foreign exchange derivative contracts 1 17 — 18 Total other assets 163 4,198 — 4,361 Total assets at fair value $ 2,137 $ 37,811 $ 786 $ 128,228 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives $ — $ 3 $ 43 $ 46 IUL embedded derivatives — — 881 881 GMWB and GMAB embedded derivatives — — 763 763 (4) Total policyholder account balances, future policy benefits and claims — 3 1,687 1,690 (5) Customer deposits — 14 — 14 Other liabilities: Interest rate derivative contracts — 418 — 418 Equity derivative contracts 36 3,062 — 3,098 Foreign exchange derivative contracts 1 8 — 9 Other 6 4 44 54 Total other liabilities 43 3,492 44 3,579 Total liabilities at fair value $ 43 $ 3,509 $ 1,731 $ 5,283 (1) Amounts are comprised of certain 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. (2) The fair value of the GMWB and GMAB embedded derivatives included $2.4 billion of individual contracts in a liability position and $67 million of individual contracts in an asset position (recorded as a contra liability) as of December 31, 2020. (3) The Company’s adjustment for nonperformance risk resulted in a $727 million cumulative decrease to the embedded derivatives as of December 31, 2020. (4) The fair value of the GMWB and GMAB embedded derivatives included $981 million of individual contracts in a liability position and $218 million of individual contracts in an asset position (recorded as a contra liability) as of December 31, 2019. (5) The Company’s adjustment for nonperformance risk resulted in a $502 million cumulative decrease to the embedded derivatives as of December 31, 2019 .
Schedule of debt of the consolidated investment entities and the stated interest rates	The balances and the stated interest rates of outstanding debt of Ameriprise Financial were as follows: Outstanding Balance Stated Interest Rate December 31, December 31, 2020 2019 2020 2019 (in millions) Long-term debt: Senior notes due 2020 $ — $ 750 — % 5.3 % Senior notes due 2022 500 500 3.0 3.0 Senior notes due 2023 750 750 4.0 4.0 Senior notes due 2024 550 550 3.7 3.7 Senior notes due 2025 500 — 3.0 — Senior notes due 2026 500 500 2.9 2.9 Finance lease liabilities 44 57 N/A N/A Other (1) (13) (10) N/A N/A Total long-term debt 2,831 3,097 Short-term borrowings: Federal Home Loan Bank (“FHLB”) advances 200 201 0.4 1.8 Total $ 3,031 $ 3,298 N/A Not Applicable (1) Amounts include adjustments for fair value hedges on the Company’s long-term debt and unamortized discount and debt issuance costs. See Note 17 for information on the Company’s fair value hedges.
Consolidated investment entities [Member]
Assets and liabilities measured at fair value
Schedule of assets and liabilities held by consolidated investment entities 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, 2020 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Corporate debt securities $ — $ 8 $ — $ 8 Common stocks — 1 — 1 Syndicated loans — 1,817 92 1,909 Total investments — 1,826 92 1,918 Receivables — 16 — 16 Other assets — — 2 2 Total assets at fair value $ — $ 1,842 $ 94 $ 1,936 Liabilities Debt (1) $ — $ 1,913 $ — $ 1,913 Other liabilities — 69 — 69 Total liabilities at fair value $ — $ 1,982 $ — $ 1,982 December 31, 2019 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Corporate debt securities $ — $ 8 $ — $ 8 Common stocks 1 — — 1 Syndicated loans — 1,454 143 1,597 Total investments 1 1,462 143 1,606 Receivables — 8 — 8 Total assets at fair value $ 1 $ 1,470 $ 143 $ 1,614 Liabilities Debt (1) $ — $ 1,628 $ — $ 1,628 Other liabilities — 84 — 84 Total liabilities at fair value $ — $ 1,712 $ — $ 1,712 (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 $2.0 billion and $1.7 billion as of December 31, 2020 and 2019, respectively.
Schedule of changes in Level 3 assets and liabilities held by consolidated investment entities 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, January 1, 2020 $ 143 $ — Total gains (losses) included in: Net income (16) (1) — Purchases 111 2 Sales (29) — Settlements (33) — Transfers into Level 3 438 — Transfers out of Level 3 (522) — Balance, December 31, 2020 $ 92 $ 2 Changes in unrealized gains (losses) included in income relating to assets held at December 31, 2020 $ (2) (1) $ — Syndicated Loans (in millions) Balance, January 1, 2019 $ 226 Total gains (losses) included in: Net income (2) (1) Purchases 91 Sales (11) Settlements (68) Transfers into Level 3 272 Transfers out of Level 3 (365) Balance, December 31, 2019 $ 143 Changes in unrealized gains (losses) included in income relating to assets held at December 31, 2019 $ (3) (1) Common Stocks Syndicated Loans (in millions) Balance, January 1, 2018 $ 4 $ 180 Total gains (losses) included in: Net income 6 (1) (1) (1) Purchases — 97 Sales (10) (41) Settlements — (52) Transfers into Level 3 4 173 Transfers out of Level 3 (2) (160) Consolidation of consolidated investment entities — 54 Deconsolidation of consolidated investment entities (2) (24) Balance, December 31, 2018 $ — $ 226 Changes in unrealized gains (losses) included in income relating to assets held at December 31, 2018 $ — $ (4) (1) (1) Included in net investment income in the Consolidated Statements of Operations.
Schedule of fair value and unpaid principal balance of assets and liabilities carried at fair value under the fair value option	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, 2020 2019 (in millions) Syndicated loans Unpaid principal balance $ 1,990 $ 1,678 Excess unpaid principal over fair value (81) (81) Fair value $ 1,909 $ 1,597 Fair value of loans more than 90 days past due $ 5 $ 4 Fair value of loans in nonaccrual status 19 42 Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both 24 18 Debt Unpaid principal balance $ 2,069 $ 1,761 Excess unpaid principal over fair value (156) (133) Carrying value (1) $ 1,913 $ 1,628 (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 $2.0 billion and $1.7 billion as of December 31, 2020 and 2019, respectively.
Schedule of debt of the consolidated investment entities and the 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, 2020 2019 2020 2019 (in millions) Debt of consolidated CLOs due 2025-2031 $ 1,913 $ 1,628 2.1 % 3.5 %

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Summary of Investments [Table Text Block]	The following is a summary of investments: December 31, 2020 2019 (in millions) Available-for-Sale securities, at fair value $ 36,283 $ 33,129 Mortgage loans, net (net of allowance for credit losses: 2020, $29; 2019, $19) 2,718 2,778 Policy loans 846 868 Other investments, net (net of allowance for credit losses: 2020, $12; 2019, $5) 1,184 1,140 Total $ 41,031 $ 37,915
Summary of Net Investment Income [Table Text Block]	The following is a summary of net investment income: Years Ended December 31, 2020 2019 2018 (in millions) Investment income on fixed maturities $ 1,161 $ 1,378 $ 1,353 Net realized gains (losses) (10) (1) (8) 10 Affordable housing partnerships (66) (98) (58) Other 89 97 154 Consolidated investment entities 77 94 137 Total $ 1,251 $ 1,463 $ 1,596 (1) Includes the change in the allowance for credit losses of $(27) million for the year ended December 31, 2020.
Available-for-Sale Securities Disclosure [Table Text Block]	Available-for-Sale securities distributed by type were as follows: Description of Securities December 31, 2020 Amortized Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value (in millions) Corporate debt securities $ 11,762 $ 1,924 $ (2) $ (10) $ 13,674 Residential mortgage backed securities 9,845 188 (4) — 10,029 Commercial mortgage backed securities 5,867 242 (21) — 6,088 Asset backed securities 3,283 52 (5) (1) 3,329 State and municipal obligations 1,088 297 (1) — 1,384 U.S. government and agency obligations 1,456 — — — 1,456 Foreign government bonds and obligations 241 22 (1) — 262 Other securities 59 2 — — 61 Total $ 33,601 $ 2,727 $ (34) $ (11) $ 36,283 Description of Securities December 31, 2019 Amortized Gross Unrealized Gains Gross Unrealized Losses Fair Value (in millions) Corporate debt securities $ 10,847 $ 1,344 $ (4) $ 12,187 Residential mortgage backed securities 9,954 94 (19) 10,029 Commercial mortgage backed securities 5,473 96 (6) 5,563 Asset backed securities 1,968 42 (4) 2,006 State and municipal obligations 1,131 238 (2) 1,367 U.S. government and agency obligations 1,679 1 — 1,680 Foreign government bonds and obligations 254 19 (2) 271 Other securities 26 — — 26 Total $ 31,332 $ 1,834 $ (37) $ 33,129
Investments with Fixed Maturities Disclosure [Table Text Block]	A summary of fixed maturity securities by rating was as follows: Ratings December 31, 2020 December 31, 2019 Amortized Fair Value Percent of Total Fair Value Amortized Fair Value Percent of Total Fair Value (in millions, except percentages) AAA $ 19,815 $ 20,253 56 % $ 18,256 $ 18,437 56 % AA 1,082 1,312 3 1,113 1,304 4 A 2,953 3,534 10 3,008 3,474 10 BBB 8,271 9,542 26 8,178 9,102 28 Below investment grade (1) 1,480 1,642 5 777 812 2 Total fixed maturities $ 33,601 $ 36,283 100 % $ 31,332 $ 33,129 100 % (1) The amortized cost and fair value of below investment grade securities includes interest in CLOs managed by the Company of $3 million, as of December 31, 2020, and $5 million and $6 million, respectively, as of December 31, 2019. These securities are not rated but are included in below investment grade due to their risk characteristics.
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value [Table Text Block]	The following tables provide information about Available-for-Sale securities with gross unrealized losses and the length of time that individual securities have been in a continuous unrealized loss position: Description of Securities December 31, 2020 Less than 12 months 12 months or more Total Number of Securities Fair Unrealized Number of Securities Fair Unrealized Number of Securities Fair Unrealized (in millions, except number of securities) Corporate debt securities 26 $ 228 $ (1) 11 $ 19 $ (1) 37 $ 247 $ (2) Residential mortgage backed securities 72 833 (2) 71 391 (2) 143 1,224 (4) Commercial mortgage backed securities 35 781 (11) 19 393 (10) 54 1,174 (21) Asset backed securities 17 344 (3) 13 231 (2) 30 575 (5) State and municipal obligations 2 4 — 1 4 (1) 3 8 (1) Foreign government bonds and obligations 1 3 — 7 8 (1) 8 11 (1) Total 153 $ 2,193 $ (17) 122 $ 1,046 $ (17) 275 $ 3,239 $ (34) Description of Securities December 31, 2019 Less than 12 months 12 months or more Total Number of Securities Fair Unrealized Number of Securities Fair Unrealized Number of Securities Fair Unrealized (in millions, except number of securities) Corporate debt securities 13 $ 66 $ (1) 23 $ 173 $ (3) 36 $ 239 $ (4) Residential mortgage backed securities 150 4,328 (10) 118 1,164 (9) 268 5,492 (19) Commercial mortgage backed securities 52 1,622 (3) 31 314 (3) 83 1,936 (6) Asset backed securities 34 598 (3) 16 213 (1) 50 811 (4) State and municipal obligations 5 23 — 4 57 (2) 9 80 (2) Foreign government bonds and obligations 1 — — 10 15 (2) 11 15 (2) Total 255 $ 6,637 $ (17) 202 $ 1,936 $ (20) 457 $ 8,573 $ (37)
Credit Losses on Available-for-Sale Securities Disclosure [Table Text Block]	The following table presents a rollforward of the allowance for credit losses on Available-for-Sale securities: Corporate Debt Securities Asset Backed Securities Total (in millions) Balance, January 1, 2020 (1) $ — $ — $ — Additions for which credit losses were not previously recorded 13 1 14 Additional increases (decreases) on securities that had an allowance recorded in a previous period (3) — (3) Balance, December 31, 2020 $ 10 $ 1 $ 11
Available-for-Sale Securities Recognized in Earnings Disclosure [Table Text Block]	Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method, recognized in earnings were as follows: Years Ended December 31, 2020 2019 2018 (in millions) Gross realized investment gains $ 25 $ 30 $ 18 Gross realized investment losses (3) (14) (9) Credit losses (11) (22) — Total $ 11 $ (6) $ 9
Available-for-Sale Securities Contractual Maturity Disclosure [Table Text Block]	Available-for-Sale securities by contractual maturity as of December 31, 2020 were as follows: Amortized Cost Fair Value (in millions) Due within one year $ 2,569 $ 2,584 Due after one year through five years 4,717 5,057 Due after five years through 10 years 2,908 3,213 Due after 10 years 4,412 5,983 14,606 16,837 Residential mortgage backed securities 9,845 10,029 Commercial mortgage backed securities 5,867 6,088 Asset backed securities 3,283 3,329 Total $ 33,601 $ 36,283

Financing Receivables (Tables)

Financing Receivables (Tables)	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Rollforward of the allowance for loan losses [Table Text Block]	The following tables present a rollforward of the allowance for credit losses for the year ended December 31, 2020: Commercial Loans Consumer Loans Total (in millions) Balance, December 31, 2019 (1) $ 51 $ — $ 51 Cumulative effect of adoption of current expected credit losses guidance 2 3 5 Balance, January 1, 2020 53 3 56 Provisions 19 2 21 Charge-offs (6) (3) (9) Balance, December 31, 2020 $ 66 $ 2 $ 68 (1) Prior to January 1, 2020, the allowance for credit losses was based on an incurred loss model that did not require estimating expected credit losses over the expected life of the asset. Commercial Loans 2019 2018 (in millions) Balance at January 1 $ 49 $ 49 Provisions 5 6 Charge-offs (4) (6) Recoveries of amounts previously written off 1 — Balance at December 31 $ 51 $ 49
Schedule of Commercial Mortgage Loans by Year of Origination and Loan-to-Value Ratio	The table below presents the amortized cost basis of commercial mortgage loans as of December 31, 2020 by the year of origination and loan-to-value ratio: Loan-to-Value Ratio 2020 2019 2018 2017 2016 Prior Total (in millions) > 100% $ — $ — $ 2 $ — $ — $ 10 $ 12 80% - 100% 15 16 12 3 7 15 68 60% - 80% 89 166 27 32 46 144 504 40% - 60% 23 57 74 155 113 551 973 < 40% 7 23 80 99 64 895 1,168 Total $ 134 $ 262 $ 195 $ 289 $ 230 $ 1,615 $ 2,725
Schedule of commercial mortgage loans by geographic region [Table Text Block]	Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows: Loans Percentage December 31, December 31, 2020 2019 2020 2019 (in millions) East North Central $ 259 $ 239 10 % 9 % East South Central 115 121 4 4 Middle Atlantic 178 182 7 6 Mountain 247 251 9 9 New England 54 54 2 2 Pacific 825 831 30 30 South Atlantic 681 723 25 26 West North Central 198 214 7 8 West South Central 168 182 6 6 2,725 2,797 100 % 100 % Less: allowance for loan losses 29 19 Total $ 2,696 $ 2,778
Schedule of commercial mortgage loans by property type [Table Text Block]	Concentrations of credit risk of commercial mortgage loans by property type were as follows: Loans Percentage December 31, December 31, 2020 2019 2020 2019 (in millions) Apartments $ 713 $ 692 26 % 25 % Hotel 50 51 2 2 Industrial 427 429 16 15 Mixed use 87 78 3 3 Office 372 419 14 15 Retail 881 931 32 33 Other 195 197 7 7 2,725 2,797 100 % 100 % Less: allowance for loan losses 29 19 Total $ 2,696 $ 2,778
Schedule of Syndicated Loans by Origination Year and Internal Risk Rating	The table below present the amortized cost basis of syndicated loans as of December 31, 2020 by origination year and internal risk rating: Internal Risk Rating 2020 2019 2018 2017 2016 Prior Total (in millions) Risk 5 $ — $ — $ — $ — $ — $ 3 $ 3 Risk 4 — — 4 9 — 10 23 Risk 3 — 9 8 25 13 25 80 Risk 2 30 57 62 69 14 41 273 Risk 1 17 32 47 58 22 40 216 Total $ 47 $ 98 $ 121 $ 161 $ 49 $ 119 $ 595
Schedule of Advisor Loans by Origination Year and Termination Status	The table below presents the amortized cost basis of advisor loans as of December 31, 2020 by origination year and termination status: Termination Status 2020 2019 2018 2017 2016 Prior Total (in millions) Active $ 171 $ 137 $ 101 $ 127 $ 83 $ 86 $ 705 Terminated — — — 1 1 8 10 Total $ 171 $ 137 $ 101 $ 128 $ 84 $ 94 $ 715
Amortized Cost Basis of Credit Card Receivables by FICO Score	The table below presents the amortized cost basis of credit card receivables by FICO score as of December 31, 2020: Total (in millions) > 800 $ 28 750 - 799 23 700 - 749 25 650 - 699 15 < 650 5 Total $ 96

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2020
Reinsurance Disclosures [Abstract]
Schedule of effect of reinsurance on premiums - traditional long-duration products[Table Text Block]	The effect of reinsurance on premiums for the Company’s traditional long-duration contracts was as follows: Years Ended December 31, 2020 2019 2018 (in millions) Direct premiums $ 565 $ 621 $ 621 Reinsurance ceded (224) (224) (225) Net premiums $ 341 $ 397 $ 396
Schedule of effect of reinsurance on premiums - short-duration products [Table Text Block]	The effect of reinsurance on premiums for the Company’s short-duration contracts was as follows: Years Ended December 31, 2019 (1) 2018 (in millions) Written premiums Direct $ 864 $ 1,101 Ceded (23) (55) Total net written premiums $ 841 $ 1,046 Earned premiums Direct $ 841 $ 1,124 Ceded (24) (94) Total net earned premiums $ 817 $ 1,030 (1) 2019 amounts include AAH premiums as of September 30, 2019 prior to the sale.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in the carrying amount of goodwill reported in operating segments [Table Text Block]	The changes in the carrying amount of goodwill reported in the Company’s main operating segments were as follows: Advice & Wealth Management Asset Retirement & Protection Solutions Consolidated (in millions) Balance at January 1, 2019 $ 279 $ 788 $ 91 $ 1,158 Foreign currency translation — 10 — 10 Other adjustments — (1) — (1) Balance at December 31, 2019 279 797 91 1,167 Foreign currency translation — 10 — 10 Other adjustments — (1) — (1) Balance at December 31, 2020 $ 279 $ 806 $ 91 $ 1,176
Definite-lived intangible assets [Table Text Block]	Definite-lived intangible assets consisted of the following: December 31, 2020 December 31, 2019 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (in millions) Customer relationships $ 193 $ (155) $ 38 $ 192 $ (146) $ 46 Contracts 223 (211) 12 219 (202) 17 Other 226 (168) 58 197 (147) 50 Total $ 642 $ (534) $ 108 $ 608 $ (495) $ 113
Estimated intangible amortization expenses [Table Text Block]	Estimated intangible amortization expense as of December 31, 2020 for the next five years is as follows: (in millions) 2021 $ 32 2022 28 2023 24 2024 11 2025 7

Deferred Acquisition Costs an_2

Deferred Acquisition Costs and Deferred Sales Inducement Costs (Tables)	12 Months Ended
	Dec. 31, 2020
Deferred Charges, Insurers [Abstract]
Schedule of balances of and changes in DAC [Table Text Block]	The balances of and changes in DAC were as follows: 2020 2019 2018 (in millions) Balance at January 1 $ 2,698 $ 2,776 $ 2,676 Capitalization of acquisition costs 228 291 318 Amortization (177) (165) (355) Amortization, impact of valuation assumptions review (100) (14) 33 Impact of change in net unrealized (gains) losses on securities (117) (175) 104 Disposal of business — (15) — Balance at December 31 $ 2,532 $ 2,698 $ 2,776
Schedule of balances of and changes in DSIC [Table Text Block]	The balances of and changes in DSIC, which is included in other assets, were as follows: 2020 2019 2018 (in millions) Balance at January 1 $ 218 $ 251 $ 276 Capitalization of sales inducement costs 1 1 2 Amortization (13) (15) (43) Amortization, impact of valuation assumptions review (16) — — Impact of change in net unrealized (gains) losses on securities (1) (19) 16 Balance at December 31 $ 189 $ 218 $ 251

Policyholder Account Balances_2

Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities
Policyholder Account Balances, Future Policy Benefits and Unpaid Claims Disclosure [Table Text Block]	Policyholder account balances, future policy benefits and claims consisted of the following: December 31, 2020 2019 (in millions) Policyholder account balances Fixed annuities (1) $ 8,531 $ 8,909 Variable annuity fixed sub-accounts 5,104 5,103 UL/VUL insurance 3,122 3,110 IUL insurance 2,269 2,025 Structured variable annuities 1,371 — Other life insurance 605 646 Total policyholder account balances 21,002 19,793 Future policy benefits Variable annuity GMWB 3,049 1,462 Variable annuity GMAB (2) 1 (39) Other annuity liabilities 211 139 Fixed annuity life contingent liabilities 1,370 1,444 Life and DI insurance 1,187 1,212 LTC insurance 5,722 5,302 UL/VUL and other life insurance additional liabilities 1,259 1,033 Total future policy benefits 12,799 10,553 Policy claims and other policyholders’ funds 191 166 Total policyholder account balances, future policy benefits and claims $ 33,992 $ 30,512 (1) Includes fixed deferred annuities, non-life contingent fixed payout annuities and fixed deferred indexed annuity host contracts. (2) Includes the fair value of GMAB embedded derivatives that was a net asset as of both December 31, 2020 and 2019 reported as a contra liability.
Schedule of Separate Account Liabilities by Policy Type [Table Text Block]	Separate account liabilities consisted of the following: December 31, 2020 2019 (in millions) Variable annuity $ 79,299 $ 74,965 VUL insurance 8,226 7,429 Other insurance 31 31 Threadneedle investment liabilities 5,055 5,063 Total $ 92,611 $ 87,488

Variable Annuity and Insuranc_2

Variable Annuity and Insurance Guarantees (Tables)	12 Months Ended
	Dec. 31, 2020
Insurance [Abstract]
Schedule of variable annuity guarantees [Table Text Block]	The following table provides information related to variable annuity guarantees for which the Company has established additional liabilities: Variable Annuity Guarantees by Benefit Type (1) December 31, 2020 December 31, 2019 Total Contract Value Contract Value in Separate Accounts Net Amount at Risk Weighted Average Attained Age Total Contract Value Contract Value in Separate Accounts Net Amount at Risk Weighted Average Attained Age (in millions, except age) GMDB: Return of premium $ 66,874 $ 64,932 $ 5 68 $ 62,909 $ 60,967 $ 5 67 Five/six-year reset 8,116 5,386 6 68 7,983 5,263 7 67 One-year ratchet 6,094 5,763 8 71 5,935 5,600 7 70 Five-year ratchet 1,436 1,381 — 67 1,396 1,340 — 66 Other 1,261 1,243 45 73 1,192 1,174 65 73 Total — GMDB $ 83,781 $ 78,705 $ 64 68 $ 79,415 $ 74,344 $ 84 67 GGU death benefit $ 1,183 $ 1,126 $ 162 71 $ 1,115 $ 1,063 $ 133 71 GMIB $ 187 $ 173 $ 6 71 $ 186 $ 172 $ 6 70 GMWB: GMWB $ 1,972 $ 1,967 $ 1 74 $ 1,999 $ 1,993 $ 1 73 GMWB for life 50,142 50,057 185 69 46,799 46,691 272 68 Total — GMWB $ 52,114 $ 52,024 $ 186 69 $ 48,798 $ 48,684 $ 273 68 GMAB $ 2,291 $ 2,291 $ — 61 $ 2,528 $ 2,524 $ — 60 (1) Individual variable annuity contracts may have more than one guarantee and therefore may be included in more than one benefit type. Variable annuity contracts for which the death benefit equals the account value are not shown in this table.
Schedule of net amount at risk UL secondary guarantees [Table Text Block]	The following table provides information related to insurance guarantees for which the Company has established additional liabilities: December 31, 2020 December 31, 2019 Net Amount at Risk Weighted Average Attained Age Net Amount at Risk Weighted Average Attained Age (in millions, except age) UL secondary guarantees $ 6,587 67 $ 6,550 67
Schedule of changes in additional liabilities for variable annuity and insurance guarantees [Table Text Block]	Changes in additional liabilities (contra liabilities) for variable annuity and insurance guarantees were as follows: GMDB & GGU GMIB GMWB (1) GMAB (1) UL (in millions) Balance at January 1, 2018 $ 17 $ 6 $ 463 $ (80) $ 489 Incurred claims 8 2 412 61 201 Paid claims (6) — — — (31) Balance at December 31, 2018 19 8 875 (19) 659 Incurred claims 2 (1) 587 (20) 141 Paid claims (5) — — — (42) Balance at December 31, 2019 16 7 1,462 (39) 758 Incurred claims 15 — 1,587 40 209 Paid claims (7) (1) — — (51) Balance at December 31, 2020 $ 24 $ 6 $ 3,049 $ 1 $ 916 (1) The incurred claims for GMWB and GMAB include the change in the fair value of the liabilities (contra liabilities) less paid claims.
Schedule of separate account balances by asset type [Table Text Block]	The following table summarizes the distribution of separate account balances by asset type for variable annuity contracts providing guaranteed benefits: December 31, 2020 2019 (in millions) Mutual funds: Equity $ 45,947 $ 44,739 Bond 26,073 23,374 Other 6,911 6,471 Total mutual funds $ 78,931 $ 74,584

Customer Deposits (Tables)

Customer Deposits (Tables)	12 Months Ended
	Dec. 31, 2020
Deposits [Abstract]
Schedule of customer deposits [Table Text Block]	Customer deposits consisted of the following: December 31, 2020 2019 (in millions) Fixed rate certificates $ 6,341 $ 7,032 Stock market certificates 389 456 Stock market embedded derivative 8 7 Other 22 27 Less: accrued interest classified in other liabilities (10) (21) Total investment certificate reserves 6,750 7,501 Banking and brokerage deposits 10,891 6,929 Total $ 17,641 $ 14,430

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Schedule of debt [Table Text Block]	The balances and the stated interest rates of outstanding debt of Ameriprise Financial were as follows: Outstanding Balance Stated Interest Rate December 31, December 31, 2020 2019 2020 2019 (in millions) Long-term debt: Senior notes due 2020 $ — $ 750 — % 5.3 % Senior notes due 2022 500 500 3.0 3.0 Senior notes due 2023 750 750 4.0 4.0 Senior notes due 2024 550 550 3.7 3.7 Senior notes due 2025 500 — 3.0 — Senior notes due 2026 500 500 2.9 2.9 Finance lease liabilities 44 57 N/A N/A Other (1) (13) (10) N/A N/A Total long-term debt 2,831 3,097 Short-term borrowings: Federal Home Loan Bank (“FHLB”) advances 200 201 0.4 1.8 Total $ 3,031 $ 3,298 N/A Not Applicable (1) Amounts include adjustments for fair value hedges on the Company’s long-term debt and unamortized discount and debt issuance costs. See Note 17 for information on the Company’s fair value hedges.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities Fair Value of Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Schedule of balances of assets and liabilities measured at fair value on a recurring basis[Table Text Block]	The following tables present the balances of assets and liabilities of Ameriprise Financial measured at fair value on a recurring basis: December 31, 2020 Level 1 Level 2 Level 3 Total (in millions) Assets Cash equivalents $ 2,935 $ 2,506 $ — $ 5,441 Available-for-Sale securities: Corporate debt securities — 12,902 772 13,674 Residential mortgage backed securities — 10,020 9 10,029 Commercial mortgage backed securities — 6,088 — 6,088 Asset backed securities — 3,297 32 3,329 State and municipal obligations — 1,384 — 1,384 U.S. government and agency obligations 1,456 — — 1,456 Foreign government bonds and obligations — 262 — 262 Other securities — 61 — 61 Total Available-for-Sale securities 1,456 34,014 813 36,283 Investments at NAV 8 (1) Trading and other securities 61 27 — 88 Separate account assets at NAV 92,611 (1) Investments and cash equivalents segregated for regulatory purposes 600 — — 600 Other assets: Interest rate derivative contracts 1 1,754 — 1,755 Equity derivative contracts 408 3,682 — 4,090 Credit derivative contracts — 2 — 2 Foreign exchange derivative contracts 1 22 — 23 Total other assets 410 5,460 — 5,870 Total assets at fair value $ 5,462 $ 42,007 $ 813 $ 140,901 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives $ — $ 3 $ 49 $ 52 IUL embedded derivatives — — 935 935 GMWB and GMAB embedded derivatives — — 2,316 2,316 (2) Structured variable annuity embedded derivatives — — 70 70 Total policyholder account balances, future policy benefits and claims — 3 3,370 3,373 (3) Customer deposits — 8 — 8 Other liabilities: Interest rate derivative contracts — 734 — 734 Equity derivative contracts 183 3,388 — 3,571 Credit derivative contracts — 1 — 1 Foreign exchange derivative contracts 2 4 — 6 Other 2 3 43 48 Total other liabilities 187 4,130 43 4,360 Total liabilities at fair value $ 187 $ 4,141 $ 3,413 $ 7,741 December 31, 2019 Level 1 Level 2 Level 3 Total (in millions) Assets Cash equivalents $ 267 $ 2,924 $ — $ 3,191 Available-for-Sale securities: Corporate debt securities — 11,437 750 12,187 Residential mortgage backed securities — 10,012 17 10,029 Commercial mortgage backed securities — 5,563 — 5,563 Asset backed securities — 1,987 19 2,006 State and municipal obligations — 1,367 — 1,367 U.S. government and agency obligations 1,680 — — 1,680 Foreign government bonds and obligations — 271 — 271 Other securities — 26 — 26 Total Available-for-Sale securities 1,680 30,663 786 33,129 Equity securities 1 — — 1 Investments at NAV 6 (1) Trading and other securities 12 26 — 38 Separate account assets at NAV 87,488 (1) Investments and cash equivalents segregated for regulatory purposes 14 — — 14 Other assets: Interest rate derivative contracts — 1,455 — 1,455 Equity derivative contracts 162 2,722 — 2,884 Credit derivative contracts — 4 — 4 Foreign exchange derivative contracts 1 17 — 18 Total other assets 163 4,198 — 4,361 Total assets at fair value $ 2,137 $ 37,811 $ 786 $ 128,228 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives $ — $ 3 $ 43 $ 46 IUL embedded derivatives — — 881 881 GMWB and GMAB embedded derivatives — — 763 763 (4) Total policyholder account balances, future policy benefits and claims — 3 1,687 1,690 (5) Customer deposits — 14 — 14 Other liabilities: Interest rate derivative contracts — 418 — 418 Equity derivative contracts 36 3,062 — 3,098 Foreign exchange derivative contracts 1 8 — 9 Other 6 4 44 54 Total other liabilities 43 3,492 44 3,579 Total liabilities at fair value $ 43 $ 3,509 $ 1,731 $ 5,283 (1) Amounts are comprised of certain 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. (2) The fair value of the GMWB and GMAB embedded derivatives included $2.4 billion of individual contracts in a liability position and $67 million of individual contracts in an asset position (recorded as a contra liability) as of December 31, 2020. (3) The Company’s adjustment for nonperformance risk resulted in a $727 million cumulative decrease to the embedded derivatives as of December 31, 2020. (4) The fair value of the GMWB and GMAB embedded derivatives included $981 million of individual contracts in a liability position and $218 million of individual contracts in an asset position (recorded as a contra liability) as of December 31, 2019. (5) The Company’s adjustment for nonperformance risk resulted in a $502 million cumulative decrease to the embedded derivatives as of December 31, 2019 .
Summary of changes in level 3 assets and liabilities measured at fair value on a recurring basis [Table Text Block]	The following tables provide a summary of changes in Level 3 assets and liabilities of Ameriprise Financial measured at fair value on a recurring basis: Available-for-Sale Securities Corporate Debt Securities Residential Mortgage Backed Securities Asset Backed Securities Total (in millions) Balance, January 1, 2020 $ 750 $ 17 $ 19 $ 786 Total gains (losses) included in: Net income (1) — — (1) (1) Other comprehensive income (loss) 15 1 (1) 15 Purchases 62 220 — 282 Settlements (54) — — (54) Transfers into Level 3 — — 14 14 Transfers out of Level 3 — (229) — (229) Balance, December 31, 2020 $ 772 $ 9 $ 32 $ 813 Changes in unrealized gains (losses) relating to assets held at December 31, 2020 $ (1) $ — $ (1) $ (2) (1) Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at December 31, 2020 $ 16 $ 1 $ (1) $ 16 Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL GMWB and GMAB Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance, January 1, 2020 $ 43 $ 881 $ 763 $ — $ 1,687 $ 44 Total (gains) losses included in: Net income 4 (2) 76 (2) 1,152 (3) 91 (3) 1,323 (12) (4) Issues 3 61 362 (21) 405 20 Settlements (1) (83) 39 — (45) (9) Balance, December 31, 2020 $ 49 $ 935 $ 2,316 $ 70 $ 3,370 $ 43 Changes in unrealized (gains) losses relating to liabilities held at December 31, 2020 $ — $ 76 (2) $ 1,206 (3) $ — $ 1,282 $ — Available-for-Sale Securities Corporate Debt Securities Residential Mortgage Backed Securities Commercial Mortgage Backed Securities Asset Backed Securities Total (in millions) Balance, January 1, 2019 $ 913 $ 136 $ 20 $ 6 $ 1,075 Total gains (losses) included in: Net income (1) — — — (1) (1) Other comprehensive income (loss) 31 — — (1) 30 Purchases 55 477 — 18 550 Settlements (248) (12) — — (260) Transfers into Level 3 — — — 14 14 Transfers out of Level 3 — (584) (20) (18) (622) Balance, December 31, 2019 $ 750 $ 17 $ — $ 19 $ 786 Changes in unrealized gains (losses) relating to assets held at December 31, 2019 $ (1) $ — $ — $ — $ (1) (1) Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL GMWB and GMAB Embedded Derivatives Total (in millions) Balance, January 1, 2019 $ 14 $ 628 $ 328 $ 970 $ 30 Total (gains) losses included in: Net income 8 (2) 209 (2) 80 (3) 297 (3) (4) Issues 21 113 361 495 18 Settlements — (69) (6) (75) (1) Balance, December 31, 2019 $ 43 $ 881 $ 763 $ 1,687 $ 44 Changes in unrealized (gains) losses relating to liabilities held at December 31, 2019 $ — $ 209 (2) $ 82 (3) $ 291 $ — Available-for-Sale Securities Other Derivative Contracts Corporate Debt Securities Residential Mortgage Backed Securities Commercial Mortgage Backed Securities Asset Backed Securities Total (in millions) Balance, January 1, 2018 $ 1,139 $ 155 $ — $ 7 $ 1,301 $ — Total gains (losses) included in: Net income (1) — — — (1) (1) (3) (3) Other comprehensive income (loss) (26) 1 — 1 (24) — Purchases 15 70 72 32 189 3 Settlements (214) (29) — (1) (244) — Transfers into Level 3 — — — 2 2 — Transfers out of Level 3 — (61) (52) (35) (148) — Balance, December 31, 2018 $ 913 $ 136 $ 20 $ 6 $ 1,075 $ — Changes in unrealized gains (losses) relating to assets held at December 31, 2018 $ (1) $ — $ — $ — $ (1) (1) $ — Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL GMWB and GMAB Embedded Derivatives Total (in millions) Balance, January 1, 2018 $ — $ 601 $ (49) $ 552 $ 28 Total (gains) losses included in: Net income (3) (2) (9) (2) 49 (3) 37 2 (4) Issues 17 90 350 457 — Settlements — (54) (22) (76) — Balance, December 31, 2018 $ 14 $ 628 $ 328 $ 970 $ 30 Changes in unrealized (gains) losses relating to liabilities held at December 31, 2018 $ — $ (9) (2) $ 47 (3) $ 38 $ — (1) Included in net investment income in the Consolidated Statements of Operations. (2) Included in interest credited to fixed accounts in the Consolidated Statements of Operations. (3) Included in benefits, claims, losses and settlement expenses in the Consolidated Statements of Operations. (4) Included in general and administrative expense in the Consolidated Statements of Operations.
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	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, 2020 Fair Value Valuation Technique Unobservable Input Range Weighted (in millions) Corporate debt securities (private placements) $ 772 Discounted cash flow Yield/spread to U.S. Treasuries (1) 1.0% – 3.3% 1.5 % Asset backed securities $ 3 Discounted cash flow Annual short-term default rate (2) 2.9% – 3.0% 2.9 % Annual long-term default rate (2) 3.5% – 4.5% 3.8 % Discount rate 13.0% 13.0 % Constant prepayment rate 10.0% 10.0 % Loss recovery 63.6% 63.6 % IUL embedded derivatives $ 935 Discounted cash flow Nonperformance risk (3) 65 bps 65 bps Fixed deferred indexed annuity embedded derivatives $ 49 Discounted cash flow Surrender rate (4) 0.0% – 50.0% 1.2 % Nonperformance risk (3) 65 bps 65 bps GMWB and GMAB embedded derivatives $ 2,316 Discounted cash flow Utilization of guaranteed withdrawals (5) (6) 0.0% – 48.0% 10.6 % Surrender rate (4) 0.1% – 73.5% 3.8 % Market volatility (7) (8) 4.3% – 17.1% 11.0 % Nonperformance risk (3) 65 bps 65 bps Structured variable annuity embedded derivatives $ 70 Discounted cash flow Surrender rate (4) 0.8% – 40.0% 0.9 % Nonperformance risk (3) 65 bps 65 bps Contingent consideration liabilities $ 43 Discounted cash flow Discount rate (9) 0.0% – 9.0% 3.1 % December 31, 2019 Fair Value Valuation Technique Unobservable Input Range Weighted (in millions) Corporate debt securities (private placements) $ 749 Discounted cash flow Yield/spread to U.S. Treasuries 0.8% – 2.8% 1.2 % Asset backed securities $ 5 Discounted cash flow Annual short-term default rate 3.3% Annual long-term default rate 3.0% Discount rate 12.0% Constant prepayment rate 5.0% – 10.0% 10.0 % Loss recovery 36.4% – 63.6% 63.6 % IUL embedded derivatives $ 881 Discounted cash flow Nonperformance risk (3) 65 bps Fixed deferred indexed annuity embedded derivatives $ 43 Discounted cash flow Surrender rate 0.0% – 50.0% Nonperformance risk (3) 65 bps GMWB and GMAB embedded derivatives $ 763 Discounted cash flow Utilization of guaranteed withdrawals (5) 0.0% – 36.0% Surrender rate 0.1% – 73.5% Market volatility (7) 3.7% – 15.9% Nonperformance risk (3) 65 bps Contingent consideration liabilities $ 44 Discounted cash flow Discount rate 9.0% (1) The weighted average for the 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 annual default rates of asset backed securities is weighted based on the security’s market value as a percentage of the aggregate market value of the securities. (3) The nonperformance risk is the spread added to the observable interest rates used in the valuation of the embedded derivatives. (4) The weighted average surrender rate is weighted based on the benefit base of each contract and represents the average assumption in the current year including the effect of a dynamic surrender formula. (5) The utilization of guaranteed withdrawals represents the percentage of contractholders that will begin withdrawing in any given year. (6) The weighted average utilization rate represents the average assumption for the current year, weighting each policy evenly. The calculation excludes policies that have already started taking withdrawals. (7) Market volatility is implied volatility of fund of funds and managed volatility funds. (8) The weighted average market volatility represents the average volatility across all contracts, weighted by the size of the guaranteed benefit.
Schedule of carrying value and the estimated fair value of financial instruments that are not reported at fair value [Table Text Block]	The following tables provide the carrying value and the estimated fair value of financial instruments that are not reported at fair value: December 31, 2020 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial Assets Mortgage loans, net $ 2,718 $ — $ 22 $ 2,852 $ 2,874 Policy loans 846 — 846 — 846 (1) Receivables 3,563 147 1,258 2,398 3,803 Restricted and segregated cash 1,958 1,958 — — 1,958 Other investments and assets 732 — 672 62 734 Financial Liabilities Policyholder account balances, future policy benefits and claims $ 9,990 $ — $ — $ 11,686 $ 11,686 Investment certificate reserves 6,752 — — 6,752 6,752 Banking and brokerage deposits 10,891 10,891 — — 10,891 Separate account liabilities — investment contracts 5,406 — 5,406 — 5,406 Debt and other liabilities 3,214 205 3,253 11 3,469 December 31, 2019 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial Assets Mortgage loans, net $ 2,778 $ — $ — $ 2,833 $ 2,833 Policy loans 868 — 868 — 868 (1) Receivables 3,168 102 934 2,229 3,265 Restricted and segregated cash 2,372 2,372 — — 2,372 Other investments and assets 671 — 626 46 672 Financial Liabilities Policyholder account balances, future policy benefits and claims $ 9,110 $ — $ — $ 10,061 $ 10,061 Investment certificate reserves 7,508 — — 7,497 7,497 Brokerage deposits 6,929 6,929 — — 6,929 Separate account liabilities — investment contracts 5,403 — 5,403 — 5,403 Debt and other liabilities 3,374 104 3,372 21 3,497 (1) During the third quarter of 2020, management changed the fair value methodology for policy loans from estimating future expected cash flows and discounting the cash flows at a rate based on the U.S. Treasury curve to using the carrying value as an approximation of fair value as the policy loans are fully collateralized by the cash surrender value of the underlying policies. As a result, policy loans were reclassified from Level 3 to Level 2 in the valuation hierarchy. For comparability and consistency purposes, prior period amounts were revised to reflect the current methodology and classification.

Offsetting Assets and Liabili_2

Offsetting Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Offsetting [Abstract]
Schedule of gross and net information about the Company's assets subject to master netting arrangements [Table Text Block]	The following tables present the gross and net information about the Company’s assets subject to master netting arrangements: December 31, 2020 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 Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 5,501 $ — $ 5,501 $ (3,862) $ (1,287) $ (315) $ 37 OTC cleared 58 — 58 (25) — — 33 Exchange-traded 311 — 311 (91) (165) — 55 Total derivatives 5,870 — 5,870 (3,978) (1,452) (315) 125 Securities borrowed 147 — 147 (43) — (103) 1 Total $ 6,017 $ — $ 6,017 $ (4,021) $ (1,452) $ (418) $ 126 December 31, 2019 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 Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 4,258 $ — $ 4,258 $ (2,933) $ (1,244) $ (73) $ 8 OTC cleared 21 — 21 (21) — — — Exchange-traded 82 — 82 (5) — — 77 Total derivatives 4,361 — 4,361 (2,959) (1,244) (73) 85 Securities borrowed 102 — 102 (14) — (85) 3 Total $ 4,463 $ — $ 4,463 $ (2,973) $ (1,244) $ (158) $ 88 (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 the Company's liabilities subject to master netting arrangements [Table Text Block]	The following tables present the gross and net information about the Company’s liabilities subject to master netting arrangements: December 31, 2020 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 in the Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 4,192 $ — $ 4,192 $ (3,862) $ (1) $ (327) $ 2 OTC cleared 25 — 25 (25) — — — Exchange-traded 95 — 95 (91) — — 4 Total derivatives 4,312 — 4,312 (3,978) (1) (327) 6 Securities loaned 205 — 205 (43) — (157) 5 Total $ 4,517 $ — $ 4,517 $ (4,021) $ (1) $ (484) $ 11 December 31, 2019 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 in the Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 3,473 $ — $ 3,473 $ (2,933) $ — $ (540) $ — OTC cleared 41 — 41 (21) — — 20 Exchange-traded 11 — 11 (5) — — 6 Total derivatives 3,525 — 3,525 (2,959) — (540) 26 Securities loaned 104 — 104 (14) — (87) 3 Total $ 3,629 $ — $ 3,629 $ (2,973) $ — $ (627) $ 29 (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, 2020
Derivative Instruments, Gain (Loss)
Schedule of gross fair value of derivative instruments, including embedded derivatives [Table Text Block]	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, 2020 December 31, 2019 Notional Gross Fair Value Notional Gross Fair Value Assets (1) Liabilities (2)(3) Assets (1) Liabilities (2)(3) (in millions) Derivatives designated as hedging instruments Interest rate contracts - fair value hedges $ — $ — $ — $ 375 $ 3 $ — Foreign exchange contracts - net investment hedges 32 — 2 93 — 3 Total qualifying hedges 32 — 2 468 3 3 Derivatives not designated as hedging instruments Interest rate contracts 77,951 1,755 734 57,979 1,452 418 Equity contracts 57,254 4,090 3,571 61,921 2,884 3,098 Credit contracts 2,297 2 1 1,419 4 — Foreign exchange contracts 3,423 23 4 3,412 18 6 Other contracts — — — 1 — — Total non-designated hedges 140,925 5,870 4,310 124,732 4,358 3,522 Embedded derivatives GMWB and GMAB (4) N/A — 2,316 N/A — 763 IUL N/A — 935 N/A — 881 Fixed deferred indexed annuities N/A — 52 N/A — 46 Structured variable annuities N/A — 70 N/A — — SMC N/A — 8 N/A — 14 Total embedded derivatives N/A — 3,381 N/A — 1,704 Total derivatives $ 140,957 $ 5,870 $ 7,693 $ 125,200 $ 4,361 $ 5,229 N/A Not applicable. (1) The fair value of freestanding derivative assets is included in Other assets on the Consolidated Balance Sheets. (2) The fair value of freestanding derivative liabilities is included in Other liabilities on the Consolidated Balance Sheets. The fair value of GMWB and GMAB, IUL, and fixed deferred indexed annuity and structured variable annuity embedded derivatives is included in Policyholder account balances, future policy benefits and claims on the Consolidated Balance Sheets. The fair value of the SMC embedded derivative liability is included in Customer deposits on the Consolidated Balance Sheets. (3) The fair value of the Company’s derivative liabilities after considering the effects of master netting arrangements, cash collateral held by the same counterparty and the fair value of net embedded derivatives was $3.7 billion and $2.3 billion as of December 31, 2020 and 2019, respectively. See Note 16 for additional information related to master netting arrangements and cash collateral. (4) The fair value of the GMWB and GMAB embedded derivatives as of December 31, 2020 included $2.4 billion of individual contracts in a liability position and $67 million of individual contracts in an asset position. The fair value of the GMWB and GMAB embedded derivatives as of December 31, 2019 included $981 million of individual contracts in a liability position and $218 million of individual contracts in an asset position.
Schedule of gain (loss) on derivative instruments [Table Text Block]	The following table presents a summary of the impact of derivatives not designated as hedging instruments, including embedded derivatives, on the Consolidated Statements of Operations: Net Investment Income Banking and Deposit Interest Expense Distribution Expenses Interest Credited to Fixed Accounts Benefits, Claims, Losses and Settlement Expenses General and Administrative Expense (in millions) Year Ended December 31, 2020 Interest rate contracts $ (1) $ — $ 2 $ — $ 1,633 $ — Equity contracts (1) 1 100 55 (744) 15 Credit contracts — — 1 — (106) — Foreign exchange contracts 1 — — — (8) 10 Other contracts — — — — — — GMWB and GMAB embedded derivatives — — — — (1,553) — IUL embedded derivatives — — — 7 — — Fixed deferred indexed annuity embedded derivatives — — — (4) — — SMC embedded derivatives — (1) — — — — Structured variable annuity embedded derivatives — — — — (91) — Total gain (loss) $ (1) $ — $ 103 $ 58 $ (869) $ 25 Year Ended December 31, 2019 Interest rate contracts $ (34) $ — $ — $ — $ 1,097 $ — Equity contracts — 11 99 117 (1,547) 16 Credit contracts — — — — (73) — Foreign exchange contracts — — — — (30) (1) Other contracts — — — — — — GMWB and GMAB embedded derivatives — — — — (435) — IUL embedded derivatives — — — (140) — — Fixed deferred indexed annuity embedded derivatives — — — (8) — — SMC embedded derivatives — (9) — — — — Total gain (loss) $ (34) $ 2 $ 99 $ (31) $ (988) $ 15 Year Ended December 31, 2018 Interest rate contracts $ 12 $ — $ — $ — $ (312) $ — Equity contracts — (4) (42) (49) 302 (7) Credit contracts — — — — 7 — Foreign exchange contracts (2) — — — 1 (9) Other contracts — — — — (3) — GMWB and GMAB embedded derivatives — — — — (377) — IUL embedded derivatives — — — 63 — — Indexed annuity embedded derivatives — — — 3 — — SMC embedded derivatives — 4 — — — — Total gain (loss) $ 10 $ — $ (42) $ 17 $ (382) $ (16)
Schedule of payments to make and receive for options [Table Text Block]	The deferred premium associated with certain of the above options and swaptions is paid or received semiannually 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 and swaptions as of December 31, 2020: Premiums Payable Premiums Receivable (in millions) 2021 $ 153 $ 106 2022 207 205 2023 51 43 2024 141 26 2025 126 7 2026-2028 254 — Total $ 932 $ 387
Schedule of impact of fair value hedges	The following table is a summary of the impact of derivatives designated as hedges on the Consolidated Statements of Operations: Years Ended December 31, 2020 2019 Total interest and debt expense per Consolidated Statements of Operations $ 162 $ 214 Gain (loss) on interest rate contracts designated as fair value hedges: Hedged items $ 1 $ 5 Derivatives designated as fair value hedges (1) (5) Gain (loss) on interest rate contracts designated as cash flow hedges: Amount of gain (loss) reclassified from AOCI into income $ 1 $ 2

Leases Leases (Tables)

Leases Leases (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Lease Assets and Liabilities [Table Text Block]	The following table presents the balances for operating and finance ROU assets and lease liabilities: Leases Balance Sheet Classification December 31, 2020 December 31, 2019 Assets Operating lease assets Other assets $ 215 $ 215 Finance lease assets Other assets 44 52 Total lease assets $ 259 $ 267 Liabilities Operating lease liabilities Other liabilities $ 254 $ 243 Finance lease liabilities Long-term debt 44 57 Total lease liabilities $ 298 $ 300
Maturity of Lease Liabilities [Table Text Block]	Maturity of Lease Liabilities December 31, 2020 Finance Leases Operating Leases (in millions) 2021 $ 9 $ 64 2022 10 51 2023 10 43 2024 10 32 2025 9 27 Thereafter — 58 Total lease payments 48 275 Less: Interest (4) (21) Present value of lease liabilities $ 44 $ 254 Weighted-average remaining lease term (years) 4.8 5.8 Weighted-average discount rate 3.4 % 2.6 % Maturity of Lease Liabilities December 31, 2019 Finance Leases Operating Leases (in millions) 2020 $ 14 $ 55 2021 10 50 2022 10 42 2023 10 35 2024 10 24 Thereafter 9 63 Total lease payments 63 269 Less: Interest (6) (26) Present value of lease liabilities $ 57 $ 243 Weighted-average remaining lease term (years) 5.8 6.1 Weighted-average discount rate 3.4 % 3.0 %

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Components of share-based compensation expense, net of forfeitures [Table Text Block]	The components of the Company’s share-based compensation expense, net of forfeitures, were as follows: December 31, 2020 2019 2018 (in millions) Stock option $ 23 $ 31 $ 35 Restricted stock 24 22 24 Restricted stock units 99 82 85 Liability awards 67 53 2 Total $ 213 $ 188 $ 146
Weighted average assumptions used for stock option grants [Table Text Block]	The following weighted average assumptions were used for stock option grants: 2020 2019 2018 Dividend yield 2.5 % 3.0 % 2.3 % Expected volatility 27 % 27 % 24 % Risk-free interest rate 1.4 % 2.4 % 2.4 % Expected life of stock option (years) 5.0 5.0 5.0
Summary of stock option activity [Table Text Block]	A summary of the Company’s stock option activity for 2020 is presented below (shares and intrinsic value in millions): Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Aggregate Intrinsic Value Outstanding at January 1 6.3 $ 122.12 6.6 $ 292 Granted 0.5 165.44 Exercised (2.0) 105.11 Outstanding at December 31 4.8 133.75 6.5 290 Exercisable at December 31 3.1 125.70 5.5 213
Summary of restricted stock award activity [Table Text Block]	A summary of activity for the Company’s restricted stock awards, restricted stock units granted to employees (including advisors), compensation and commission deferrals into stock and deferred share units for 2020 is presented below (shares in millions): Shares Weighted Average Grant-date Non-vested shares at January 1 1.2 $ 133.40 Granted 0.7 157.92 Deferred 0.2 145.06 Vested (0.8) 141.02 Non-vested shares at December 31 1.3 144.10

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
Information related to amounts reclassified from AOCI [Table Text Block]	The following table presents the changes in the balances of each component of AOCI, net of tax: Net Unrealized Gains (Losses) on Securities Net Unrealized Gains (Losses) on Derivatives Defined Benefit Plans Foreign Currency Translation Other Total (in millions) Balance, January 1, 2018 $ 486 (1) $ 8 $ (97) $ (167) $ (1) $ 229 Cumulative effect of adoption of equity securities guidance (1) — — — — (1) OCI before reclassifications (458) — (36) (31) — (525) Amounts reclassified from AOCI (7) — 13 — — 6 Total OCI (465) — (23) (31) — (519) Balance, December 31, 2018 20 (1) 8 (120) (198) (1) (291) OCI before reclassifications 551 — (28) 17 — 540 Amounts reclassified from AOCI 5 (2) 10 — — 13 Total OCI 556 (2) (18) 17 — 553 Balance, December 31, 2019 576 (1) 6 (138) (181) (1) 262 OCI before reclassifications 416 — (66) 27 — 377 Amounts reclassified from AOCI (9) (1) — — — (10) Total OCI 407 (1) (66) 27 — 367 Balance, December 31, 2020 $ 983 (1) $ 5 $ (204) $ (154) $ (1) $ 629 (1) Includes nil, $1 million and $1 million of noncredit related impairments on securities and net unrealized gains (losses) on previously impaired securities as of December 31, 2020, 2019 and 2018, respectively.

Earnings per Share Attributab_2

Earnings per Share Attributable to Ameriprise Financial, Inc. Common Shareholders (Tables)	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Schedule of Earnings per Common Share	The computations of basic and diluted earnings per share is as follows: Years Ended December 31, 2020 2019 2018 (in millions, except per share amounts) Numerator: Net income $ 1,534 $ 1,893 $ 2,098 Denominator: Basic: Weighted-average common shares outstanding 123.8 134.1 145.6 Effect of potentially dilutive nonqualified stock options and other share-based awards 1.9 1.9 2.1 Diluted: Weighted-average common shares outstanding 125.7 136.0 147.7 Earnings per share attributable to Ameriprise Financial, Inc. common shareholders: Basic $ 12.39 $ 14.12 $ 14.41 Diluted $ 12.20 $ 13.92 $ 14.20

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	12 Months Ended
	Dec. 31, 2020
Insurance [Abstract]
Summary of Statutory Net Gain from Operations and Net Income [Table Text Block]	Statutory net gain from operations and net income (loss) are summarized as follows: Years Ended December 31, 2020 2019 2018 (in millions) RiverSource Life Statutory net gain from operations $ 1,393 $ 1,505 $ 1,686 Statutory net income (loss) 1,582 786 1,628

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of components of income tax provision (benefit) [Table Text Block]	The components of income tax provision attributable to continuing operations were as follows: Years Ended December 31, 2020 2019 2018 (in millions) Current income tax Federal $ 527 $ 531 $ 275 State and local 63 80 45 Foreign 28 36 41 Total current income tax 618 647 361 Deferred income tax Federal (309) (297) 20 State and local (16) (13) 2 Foreign 4 2 3 Total deferred income tax (321) (308) 25 Total income tax provision $ 297 $ 339 $ 386
Schedule of geographic sources of pretax income [Table Text Block]	The geographic sources of pretax income from continuing operations were as follows: Years Ended December 31, 2020 2019 2018 (in millions) United States $ 1,685 $ 2,045 $ 2,263 Foreign 146 187 221 Total $ 1,831 $ 2,232 $ 2,484
Reconciliation of the income tax provision [Table Text Block]	The principal reasons that the aggregate income tax provision attributable to continuing operations is different from that computed by using the U.S. statutory rates of 21% were as follows: Years Ended December 31, 2020 2019 2018 Tax at U.S. statutory rate 21.0 % 21.0 % 21.0 % Changes in taxes resulting from: Low income housing tax credits (4.3) (3.6) (3.2) State taxes, net of federal benefit 2.1 2.4 1.5 Dividends received deduction (2.1) (1.8) (1.6) Incentive compensation (1.4) — — Foreign tax credits, net of addback — (2.2) (1.1) Other, net 0.9 (0.6) (1.1) Income tax provision 16.2 % 15.2 % 15.5 %
Schedule of significant components of deferred income tax assets and liabilities [Table Text Block]	The significant components of the Company’s deferred income tax assets and liabilities, which are included net within other assets or other liabilities on the Consolidated Balance Sheets, were as follows: December 31, 2020 2019 (in millions) Deferred income tax assets Liabilities for policyholder account balances, future policy benefits and claims $ 1,618 $ 945 Deferred compensation 493 406 Postretirement benefits 65 45 Right of use lease liability 60 59 Investment related — 188 Other 51 47 Gross deferred income tax assets 2,287 1,690 Less: valuation allowance 15 19 Total deferred income tax assets 2,272 1,671 Deferred income tax liabilities Deferred acquisition costs 435 456 Net unrealized gains on Available-for-Sale securities 295 186 Investment related 253 — Intangible assets 124 115 Depreciation expense 99 94 Goodwill 70 64 Right of use lease asset 54 54 Deferred sales inducement costs 44 50 Other 18 6 Gross deferred income tax liabilities 1,392 1,025 Net deferred income tax assets $ 880 $ 646
Reconciliation of gross unrecognized tax benefits (expense) [Table Text Block]	A reconciliation of the beginning and ending amount of gross unrecognized tax benefits was as follows: 2020 2019 2018 (in millions) Balance at January 1 $ 100 $ 92 $ 76 Additions based on tax positions related to the current year 11 15 22 Reductions based on tax positions related to the current year (1) — — Additions for tax positions of prior years 10 39 9 Reductions for tax positions of prior years (4) (17) (3) Reductions due to lapse of statute of limitations (5) — — Audit settlements (1) (29) (12) Balance at December 31 $ 110 $ 100 $ 92

Retirement Plans and Profit S_2

Retirement Plans and Profit Sharing Arrangements (Tables)	12 Months Ended
	Dec. 31, 2020
Defined Benefit Plans
Reconciliation of the changes in the defined postretirement benefit plan obligation [Table Text Block]	The following table provides a reconciliation of changes in the benefit obligation: Pension Plans Other Postretirement Plans 2020 2019 2020 2019 (in millions) Benefit obligation, January 1 $ 1,111 $ 967 $ 14 $ 14 Service cost 45 44 — — Interest cost 29 36 — — Plan change — (15) — — Benefits paid (10) (9) (1) (1) Actuarial (gain) loss 117 131 1 1 Curtailments — (7) — — Settlements (30) (42) — — Foreign currency rate changes 9 6 — — Benefit obligation, December 31 $ 1,271 $ 1,111 $ 14 $ 14
Schedule of amounts recognized in the Consolidated Balance Sheets [Table Text Block]	The following table provides the amounts recognized in the Consolidated Balance Sheets as of December 31, which equal the funded status of the plans: Pension Plans Other Postretirement Plans 2020 2019 2020 2019 (in millions) Benefit liability $ (366) $ (278) $ (14) $ (14) Benefit asset — 5 — — Net amount recognized $ (366) $ (273) $ (14) $ (14)
Accumulated benefit obligations in excess of the fair value of plan assets [Table Text Block]	The following table provides information for pension plans with benefit obligations in excess of plan assets: December 31, 2020 2019 (in millions) Pension plans with accumulated benefit obligations in excess of plan assets Accumulated benefit obligation $ 1,211 $ 875 Fair value of plan assets 905 644 Pension plans with projected benefit obligations in excess of plan assets Projected benefit obligation $ 1,271 $ 922 Fair value of plan assets 905 644
Schedule of weighted average assumptions used to determine benefit obligations [Table Text Block]	The weighted average assumptions used to determine benefit obligations were as follows: Pension Plans Other Postretirement Plans 2020 2019 2020 2019 Discount rates 2.16 % 2.97 % 2.01 % 2.99 % Rates of increase in compensation levels 3.96 4.01 N/A N/A Interest crediting rates for cash balance plans 5.00 5.00 N/A N/A
Defined Benefit Plan, Assumptions [Table Text Block]	The weighted average assumptions used to determine net periodic benefit cost of pension plans were as follows: 2020 2019 2018 Discount rates 2.97 % 4.00 % 3.30 % Rates of increase in compensation levels 4.01 4.25 4.29 Expected long-term rates of return on assets 7.14 7.18 7.11 Interest crediting rates for cash balance plans 5.00 5.00 5.00
Schedule of pension plan assets measured at fair value on a recurring basis [Table Text Block]	The following tables present the Company’s pension plan assets measured at fair value on a recurring basis: Asset Category December 31, 2020 Level 1 Level 2 Level 3 Total (in millions) Equity securities: U.S. large cap stocks $ 119 $ — $ — $ 119 U.S. small cap stocks 80 — — 80 Non-U.S. large cap stocks 36 — — 36 Debt securities: U.S. investment grade bonds 47 21 — 68 Non-U.S. investment grade bonds 18 — — 18 Cash equivalents at NAV 25 (1) Collective investment funds at NAV 289 (1) Real estate investment trusts at NAV 20 (1) Hedge funds at NAV 32 (1) Pooled pension funds at NAV 218 (1) Total $ 300 $ 21 $ — $ 905 December 31, 2019 Asset Category Level 1 Level 2 Level 3 Total (in millions) Equity securities: U.S. large cap stocks $ 119 $ — $ — $ 119 U.S. small cap stocks 91 — — 91 Non-U.S. large cap stocks 32 — — 32 Debt securities: U.S. investment grade bonds 43 24 — 67 U.S. high yield bonds 6 — — 6 Non-U.S. investment grade bonds 16 — — 16 Cash equivalents at NAV 30 (1) Collective investment funds at NAV 232 (1) Real estate investment trusts at NAV 20 (1) Hedge funds at NAV 29 (1) Pooled pension funds at NAV 196 (1) Total $ 307 $ 24 $ — $ 838
Schedule of expected benefit payments to retirees under retirement plans [Table Text Block]	The Company’s pension plans expect to make benefit payments to retirees as follows: Pension Plans Other (in millions) 2021 $ 104 $ 1 2022 68 1 2023 79 1 2024 74 1 2025 74 1 2026-2028 389 5
Pension Plans [Member]
Defined Benefit Plans
Schedule of components of net periodic pension cost [Table Text Block]	All components of the net periodic benefit cost are recorded in general and administrative expense and were as follows: Years Ended December 31, 2020 2019 2018 (in millions) Service cost $ 45 $ 44 $ 48 Interest cost 29 36 30 Expected return on plan assets (55) (53) (48) Amortization of prior service costs (2) — — Amortization of net loss 15 5 11 Other 7 8 5 Net periodic benefit cost $ 39 $ 40 $ 46
Reconciliation of the changes in the fair value of plan assets for the pension plans [Table Text Block]	The following table provides a reconciliation of changes in the fair value of assets: Pension Plans 2020 2019 (in millions) Fair value of plan assets, January 1 $ 838 $ 728 Actual return on plan assets 67 130 Employer contributions 31 24 Benefits paid (10) (9) Settlements (30) (42) Foreign currency rate changes 9 7 Fair value of plan assets, December 31 $ 905 $ 838

Commitments, Guarantees and C_2

Commitments, Guarantees and Contingencies Commitments, Guarantees and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Unused Commitments to Extend Credit [Table Text Block]	The following table presents the Company’s funding commitments as of December 31: 2020 2019 (in millions) Commercial mortgage loans $ 18 $ 60 Affordable housing and other real estate partnerships 12 22 Property funds 17 12 Private funds 9 12 Pledged asset lines of credit 342 — Consumer lines of credit 1 1 Total funding commitments $ 399 $ 107

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Schedule of segment reporting information [Table Text Block]	The following tables summarize selected financial information by segment and reconcile segment totals to those reported on the consolidated financial statements: December 31, 2020 2019 (in millions) Advice & Wealth Management $ 21,266 $ 17,607 Asset Management 8,406 8,226 Retirement & Protection Solutions 114,850 104,227 Corporate & Other 21,361 21,768 Total assets $ 165,883 $ 151,828 Years Ended December 31, 2020 2019 2018 (in millions) Adjusted operating net revenues: Advice & Wealth Management $ 6,675 $ 6,599 $ 6,189 Asset Management 2,891 2,913 3,011 Retirement & Protection Solutions 3,094 3,123 3,167 Corporate & Other 546 1,477 1,741 Less: Eliminations (1) 1,377 1,402 1,414 Total segment adjusted operating net revenues 11,829 12,710 12,694 Net realized gains (losses) (11) (6) 10 Revenue attributable to consolidated investment entities 71 88 127 Market impact on non-traditional long-duration products, net 10 — (7) Market impact of hedges on investments — (35) 11 Integration and restructuring charges — (3) — Gain on disposal of business — 213 — Total net revenues per consolidated statements of operations $ 11,899 $ 12,967 $ 12,835 (1) Represents the elimination of intersegment revenues recognized for the years ended December 31, 2020, 2019 and 2018 in each segment as follows: Advice and Wealth Management ($893, $924 and $952, respectively); Asset Management ($53, $55 and $50, respectively); Retirement & Protection Solutions ($433, $429 and $417, respectively); and Corporate & Other ($(2), $(6) and $(5), respectively). Years Ended December 31, 2020 2019 2018 (in millions) Adjusted operating earnings: Advice & Wealth Management $ 1,321 $ 1,509 $ 1,389 Asset Management 697 661 728 Retirement & Protection Solutions 480 724 721 Corporate & Other (369) (286) (274) Total segment adjusted operating earnings 2,129 2,608 2,564 Net realized gains (losses) (10) (4) 9 Net income (loss) attributable to consolidated investment entities 4 1 (1) Market impact on non-traditional long-duration products, net (375) (591) (47) Mean reversion related impacts 87 57 (33) Market impact of hedges on investments — (35) 11 Integration and restructuring charges (4) (17) (19) Gain on disposal of business — 213 — Pretax income per consolidated statements of operations $ 1,831 $ 2,232 $ 2,484

Quarterly Financial Data Quarte

Quarterly Financial Data Quarterly Financial Data (Tables)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information [Table Text Block]	2020 2019 12/31 9/30 6/30 3/31 12/31 9/30 6/30 3/31 (in millions, except per share data) Net revenues $ 3,183 $ 3,003 $ 2,712 $ 3,001 $ 3,287 $ 3,317 $ 3,245 $ 3,118 Pretax income 190 (184) (526) 2,351 534 641 587 470 Net income 177 (140) (539) 2,036 463 543 492 395 Earnings per share: Basic $ 1.46 $ (1.14) $ (4.31) $ 16.11 $ 3.59 $ 4.09 $ 3.61 $ 2.85 Diluted $ 1.43 $ (1.14) (1) $ (4.31) (1) $ 15.88 $ 3.53 $ 4.04 $ 3.57 $ 2.82 Weighted average common shares outstanding: Basic 120.9 123.0 125.0 126.4 129.0 132.7 136.1 138.8 Diluted 123.4 124.9 126.2 128.2 131.3 134.5 138.0 140.1 Cash dividends declared per common share $ 1.04 $ 1.04 $ 1.04 $ 0.97 $ 0.97 $ 0.97 $ 0.97 $ 0.90 (1) Diluted shares used in this calculation represent basic shares due to the net loss. Using actual diluted shares would result in anti-dilution.

SCHEDULE I - CONDENSED FINANC_2

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Tables)	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
Condensed Statements of Operations [Table Text Block]	Schedule I — Condensed Financial Information of Registrant Years Ended December 31, 2020 2019 2018 (in millions) Revenues Management and financial advice fees $ — $ (1) $ (1) Net investment income 23 9 34 Other revenues 15 14 4 Gain on disposal of business — 213 — Total revenues 38 235 37 Banking and deposit interest expense 3 9 7 Total net revenues 35 226 30 Expenses Benefits, claims, losses and settlement expenses — 49 4 Distribution expenses 12 24 4 Interest and debt expense 105 126 120 General and administrative expense 198 244 210 Total expenses 315 443 338 Pretax loss before equity in earnings of subsidiaries (280) (217) (308) Income tax benefit (87) (38) (73) Loss before equity in earnings of subsidiaries (193) (179) (235) Equity in earnings of subsidiaries 1,727 2,072 2,333 Net income 1,534 1,893 2,098 Other comprehensive income (loss), net of tax 367 553 (519) Total comprehensive income $ 1,901 $ 2,446 $ 1,579 See Notes to Condensed Financial Information of Registrant.
Condensed Balance Sheets [Table Text Block]	Schedule I — Condensed Financial Information of Registrant December 31, 2020 2019 (in millions, except share amounts) Assets Cash and cash equivalents $ 1,071 $ 730 Investments 877 1,430 Loans to subsidiaries 247 361 Due from subsidiaries 497 305 Receivables 2 5 Land, buildings, equipment, and software, net of accumulated depreciation of $929 and $952, respectively 208 207 Investments in subsidiaries 7,153 6,665 Other assets 1,334 1,136 Total assets $ 11,389 $ 10,839 Liabilities and Shareholders’ Equity Liabilities: Accounts payable and accrued expenses $ 936 $ 797 Due to subsidiaries 60 137 Borrowings from subsidiaries 494 401 Long-term debt 2,831 3,097 Other liabilities 1,201 678 Total liabilities 5,522 5,110 Shareholders’ Equity: Common shares ($.01 par value; shares authorized, 1,250,000,000; shares issued, 332,390,132 and 329,842,827, respectively) 3 3 Additional paid-in capital 8,822 8,461 Retained earnings 15,292 14,279 Treasury shares, at cost (215,624,519 and 205,903,593 shares, respectively) (18,879) (17,276) Accumulated other comprehensive income (loss), net of tax, including amounts applicable to equity 629 262 Total shareholders’ equity 5,867 5,729 Total liabilities and equity $ 11,389 $ 10,839 See Notes to Condensed Financial Information of Registrant.
Condensed Statements of Cash Flows [Table Text Block]	Schedule I — Condensed Financial Information of Registrant Condensed Statements of Cash Flows (Parent Company Only) Years Ended December 31, 2020 2019 2018 (in millions) Cash Flows from Operating Activities Net income $ 1,534 $ 1,893 $ 2,098 Equity in earnings of subsidiaries (1,727) (2,072) (2,333) Dividends received from subsidiaries 2,018 2,721 2,093 Gain on disposal of business before affinity partner payment — (313) — Other operating activities, primarily with subsidiaries 282 596 57 Net cash provided by (used in) operating activities 2,107 2,825 1,915 Cash Flows from Investing Activities Available-for-Sale securities: Proceeds from sales 922 — — Maturities, sinking fund payments and calls 161 204 94 Purchases (15) (1,153) (222) Proceeds from sale of other investments — 6 — Purchase of other investments (12) (12) — Proceeds from sale of land, buildings, equipment and software 2 — — Purchase of land, buildings, equipment and software (54) (42) (62) Proceeds from disposal of business — 1,138 — Contributions to subsidiaries (416) (368) (73) Return of capital from subsidiaries 131 18 454 Repayment of loans from subsidiaries 3,288 2,468 1,623 Issuance of loans to subsidiaries (3,174) (2,457) (1,768) Acquisition of surplus loans to subsidiaries (500) — — Other, net — (65) 2 Net cash provided by (used in) investing activities 333 (263) 48 Cash Flows from Financing Activities Dividends paid to shareholders (497) (504) (506) Repurchase of common shares (1,441) (1,943) (1,630) Cash paid for purchased options with deferred premiums — (107) (20) Issuance of long-term debt, net of issuance costs 496 497 — Repayments of long-term debt (762) (313) (13) Borrowings from subsidiaries 871 132 472 Repayments of borrowings from subsidiaries (751) (79) (273) Exercise of stock options 3 3 2 Other, net (18) 6 (13) Net cash provided by (used in) financing activities (2,099) (2,308) (1,981) Net increase (decrease) in cash and cash equivalents 341 254 (18) Cash and cash equivalents at beginning of year 730 476 494 Cash and cash equivalents at end of year $ 1,071 $ 730 $ 476 Supplemental Disclosures: Interest paid on debt $ 107 $ 123 $ 126 Income taxes paid (received), net 26 (109) (27) Non-cash dividends from subsidiaries — 81 195 See Notes to Condensed Financial Information of Registrant.

Basis of Presentation Basis of

Basis of Presentation Basis of Presentation (Out-of-period-correction) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Operating Income (Loss) [Member]
Quantifying Misstatement in Current Year Financial Statements [Line Items]
Quantifying Misstatement in Current Year Financial Statements, Amount	$ 19

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Principles of Consolidation
Maximum percentage of voting interest required to be held to be accounted for, under the cost method	20.00%
Land, Buildings, Equipment and Software
Land, buildings, equipment and software, net of accumulated depreciation	$ 602	$ 610
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	1,900	1,800
Depreciation and amortization expense for the year	$ 153	$ 147	$ 146
Minimum [Member]
Principles of Consolidation
Voting interest required for consolidation	50.00%
Percentage of voting interest required to be held to be accounted for under the equity method	20.00%
Land, Buildings, Equipment and Software
Amortization periods	3 years
Lease renewal term	1 year
Property, Plant and Equipment [Line Items]
Amortization periods	3 years
Maximum [Member]
Principles of Consolidation
Percentage of voting interest required to be held to be accounted for under the equity method	50.00%
Land, Buildings, Equipment and Software
Amortization periods	39 years
Lease renewal term	20 years
Property, Plant and Equipment [Line Items]
Amortization periods	39 years

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements Leases (ASU 2016-02) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Operating lease liability	$ 254	$ 243
Accounting Standards Update 2016-02 [Member]
Right-of-Use Asset			$ 274
Operating lease liability			$ 295

Revenue from Contract with Cu_3

Revenue from Contract with Customer Revenue from Contract with Customer (Details) - USD ($) $ in Millions		3 Months Ended								12 Months Ended
		Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Less: Banking and deposit interest expense										$ 59	$ 136	$ 89
Total segment adjusted operating revenues										11,829	12,710	12,694
Total net revenues		$ 3,183	$ 3,003	$ 2,712	$ 3,001	$ 3,287	$ 3,317	$ 3,245	$ 3,118	11,899	12,967	12,835
Consolidation, Eliminations [Member]
Disaggregation of Revenue [Line Items]
Total segment adjusted operating revenues										1,384	1,410	1,431
Total before eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										9,696	9,604	9,336
Revenue from other sources	[1]									3,649	4,917	5,025
Total segment gross revenues										13,345	14,521	14,361
Less: Banking and deposit interest expense										62	144	95
Total segment adjusted operating revenues										13,283	14,377	14,266
Total before eliminations [Member] | Management and financial advice fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										6,727	6,371	6,120
Total before eliminations [Member] | Management and financial advice fees [Member] | Asset Management: Retail [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										1,822	1,783	1,874
Total before eliminations [Member] | Management and financial advice fees [Member] | Asset Management: Institutional [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										442	495	453
Total before eliminations [Member] | Management and financial advice fees [Member] | Advisory fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										3,511	3,156	2,865
Total before eliminations [Member] | Management and financial advice fees [Member] | Financial Planning Fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										348	330	318
Total before eliminations [Member] | Management and financial advice fees [Member] | Transaction and other fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										604	607	610
Total before eliminations [Member] | Distribution fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										2,776	3,052	3,041
Total before eliminations [Member] | Distribution fees [Member] | Mutual Funds [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										974	963	989
Total before eliminations [Member] | Distribution fees [Member] | Insurance and annuity products [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										1,372	1,409	1,430
Total before eliminations [Member] | Distribution fees [Member] | Other products [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										430	680	622
Total before eliminations [Member] | Other revenues [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										193	181	175
Total Segment [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										9,696	9,604	9,336
Revenue from other sources	[1]									3,572	4,652	4,867
Total segment gross revenues										13,268	14,256	14,203
Less: Banking and deposit interest expense										62	144	95
Total segment adjusted operating revenues										13,206	14,112	14,108
Total net revenues										11,829	12,710	12,694
Total Segment [Member] | Consolidation, Eliminations [Member]
Disaggregation of Revenue [Line Items]
Total segment adjusted operating revenues										1,377	1,402	1,414
Total Segment [Member] | Management and financial advice fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										6,727	6,371	6,120
Total Segment [Member] | Management and financial advice fees [Member] | Asset Management: Retail [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										1,822	1,783	1,874
Total Segment [Member] | Management and financial advice fees [Member] | Asset Management: Institutional [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										442	495	453
Total Segment [Member] | Management and financial advice fees [Member] | Advisory fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										3,511	3,156	2,865
Total Segment [Member] | Management and financial advice fees [Member] | Financial Planning Fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										348	330	318
Total Segment [Member] | Management and financial advice fees [Member] | Transaction and other fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										604	607	610
Total Segment [Member] | Distribution fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										2,776	3,052	3,041
Total Segment [Member] | Distribution fees [Member] | Mutual Funds [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										974	963	989
Total Segment [Member] | Distribution fees [Member] | Insurance and annuity products [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										1,372	1,409	1,430
Total Segment [Member] | Distribution fees [Member] | Other products [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										430	680	622
Total Segment [Member] | Other revenues [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										193	181	175
Advice & Wealth Management [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										6,395	6,299	5,950
Revenue from other sources	[1]									339	436	328
Total segment gross revenues										6,734	6,735	6,278
Less: Banking and deposit interest expense										59	136	89
Total segment adjusted operating revenues										6,675	6,599	6,189
Total net revenues										5,782	5,675	5,237
Advice & Wealth Management [Member] | Consolidation, Eliminations [Member]
Disaggregation of Revenue [Line Items]
Total segment adjusted operating revenues										893	924	952
Advice & Wealth Management [Member] | Management and financial advice fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										4,211	3,841	3,538
Advice & Wealth Management [Member] | Management and financial advice fees [Member] | Advisory fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										3,511	3,156	2,865
Advice & Wealth Management [Member] | Management and financial advice fees [Member] | Financial Planning Fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										348	330	318
Advice & Wealth Management [Member] | Management and financial advice fees [Member] | Transaction and other fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										352	355	355
Advice & Wealth Management [Member] | Distribution fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										2,002	2,281	2,241
Advice & Wealth Management [Member] | Distribution fees [Member] | Mutual Funds [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										737	726	729
Advice & Wealth Management [Member] | Distribution fees [Member] | Insurance and annuity products [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										835	875	890
Advice & Wealth Management [Member] | Distribution fees [Member] | Other products [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										430	680	622
Advice & Wealth Management [Member] | Other revenues [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										182	177	171
Asset Management [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										2,867	2,879	2,953
Revenue from other sources	[1]									24	34	58
Total segment gross revenues										2,891	2,913	3,011
Total segment adjusted operating revenues										2,891	2,913	3,011
Total net revenues										2,838	2,858	2,961
Asset Management [Member] | Consolidation, Eliminations [Member]
Disaggregation of Revenue [Line Items]
Total segment adjusted operating revenues										53	55	50
Asset Management [Member] | Management and financial advice fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										2,454	2,467	2,517
Asset Management [Member] | Management and financial advice fees [Member] | Asset Management: Retail [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										1,822	1,783	1,874
Asset Management [Member] | Management and financial advice fees [Member] | Asset Management: Institutional [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										442	495	453
Asset Management [Member] | Management and financial advice fees [Member] | Transaction and other fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										190	189	190
Asset Management [Member] | Distribution fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										411	408	433
Asset Management [Member] | Distribution fees [Member] | Mutual Funds [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										237	237	260
Asset Management [Member] | Distribution fees [Member] | Insurance and annuity products [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										174	171	173
Asset Management [Member] | Other revenues [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										2	4	3
Protection [Member] | Other revenues [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										3
Corporate Segment [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										3	6	7
Revenue from other sources	[1]									546	1,479	1,740
Total segment gross revenues										549	1,485	1,747
Less: Banking and deposit interest expense										3	8	6
Total segment adjusted operating revenues										546	1,477	1,741
Total net revenues										548	1,483	1,746
Corporate Segment [Member] | Consolidation, Eliminations [Member]
Disaggregation of Revenue [Line Items]
Total segment adjusted operating revenues										(2)	(6)	(5)
Corporate Segment [Member] | Distribution fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers											6	7
Corporate Segment [Member] | Distribution fees [Member] | Insurance and annuity products [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers											6	7
Non-Operating [Member]
Disaggregation of Revenue [Line Items]
Revenue from other sources	[1]									77	265	158
Total segment gross revenues										77	265	158
Total segment adjusted operating revenues										77	265	158
Total net revenues										70	257	141
Non-Operating [Member] | Consolidation, Eliminations [Member]
Disaggregation of Revenue [Line Items]
Total segment adjusted operating revenues										7	8	17
Retirement & Protection Solutions
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										431	420	426
Revenue from other sources	[1]									2,663	2,703	2,741
Total segment gross revenues										3,094	3,123	3,167
Total segment adjusted operating revenues										3,094	3,123	3,167
Total net revenues										2,661	2,694	2,750
Retirement & Protection Solutions | Consolidation, Eliminations [Member]
Disaggregation of Revenue [Line Items]
Total segment adjusted operating revenues										433	429	417
Retirement & Protection Solutions | Management and financial advice fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										62	63	65
Retirement & Protection Solutions | Management and financial advice fees [Member] | Transaction and other fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										62	63	65
Retirement & Protection Solutions | Distribution fees [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										363	357	360
Retirement & Protection Solutions | Distribution fees [Member] | Insurance and annuity products [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										363	$ 357	360
Retirement & Protection Solutions | Other revenues [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers										$ 6		$ 1
[1]	Revenues not included in the scope of the revenue from contracts with customers standard. The amounts primarily consist of revenue associated with insurance and annuity products or financial instruments.

Revenue from Contract with Cu_4

Revenue from Contract with Customer Revenue from Contract with Customer (In-Text) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Contract liabilities		$ 0
Receivables for revenue from contracts with customers	$ 403	400
Financial Planning Fees [Member]
Disaggregation of Revenue [Line Items]
Contract liabilities	146	143
Capitalized contract cost, net	117	$ 116
Transaction and other fees [Member]
Disaggregation of Revenue [Line Items]
Contract liabilities	$ 0

Variable Interest Entities (Ass

Variable Interest Entities (Asset & Liability Balances) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Liabilities
Assets		$ 165,883	$ 151,828
Liabilities		160,016	146,099
Nonconsolidated VIEs [Member] | Investment in non-consolidated CLOs [Member]
Liabilities
Assets		3	4
Nonconsolidated VIEs [Member] | Property Funds [Member]
Liabilities
Assets		23	12
Nonconsolidated VIEs [Member] | Sponsored hedge funds and private equity funds [Member]
Liabilities
Assets		0	0
Nonconsolidated VIEs [Member] | Non-U.S. Series Fund [Member]
Liabilities
Assets		20	15
Nonconsolidated VIEs [Member] | Affordable housing partnerships and other real estate partnerships [Member]
Liabilities
Assets		200	270
Liabilities		9	15
Consolidated investment entities [Member]
Liabilities
Unfunded commitments		13	21
Consolidated investment entities [Member]
Assets
Other assets		2	0
Liabilities
Debt	[1]	1,913	1,628
Estimated fair value of CLO debt		2,000	1,700
Consolidated investment entities [Member] | Recurring basis [Member]
Assets
Investments, Fair Value Disclosure		1,918	1,606
Receivables		16	8
Other assets		2
Total assets at fair value		1,936	1,614
Liabilities
Debt	[1]	1,913	1,628
Other liabilities		69	84
Total liabilities at fair value		1,982	1,712
Consolidated investment entities [Member] | Recurring basis [Member] | Corporate debt securities [Member]
Assets
Investments, Fair Value Disclosure		8	8
Consolidated investment entities [Member] | Recurring basis [Member] | Common stocks [Member]
Assets
Investments, Fair Value Disclosure		1	1
Consolidated investment entities [Member] | Recurring basis [Member] | Syndicated loans [Member]
Assets
Investments, Fair Value Disclosure		1,909	1,597
Consolidated investment entities [Member] | Recurring basis [Member] | Level 1 [Member]
Assets
Investments, Fair Value Disclosure		0	1
Total assets at fair value		0	1
Consolidated investment entities [Member] | Recurring basis [Member] | Level 1 [Member] | Common stocks [Member]
Assets
Investments, Fair Value Disclosure			1
Consolidated investment entities [Member] | Recurring basis [Member] | Level 2 [Member]
Assets
Investments, Fair Value Disclosure		1,826	1,462
Receivables		16	8
Total assets at fair value		1,842	1,470
Liabilities
Debt	[1]	1,913	1,628
Other liabilities		69	84
Total liabilities at fair value		1,982	1,712
Consolidated investment entities [Member] | Recurring basis [Member] | Level 2 [Member] | Corporate debt securities [Member]
Assets
Investments, Fair Value Disclosure		8	8
Consolidated investment entities [Member] | Recurring basis [Member] | Level 2 [Member] | Common stocks [Member]
Assets
Investments, Fair Value Disclosure		1
Consolidated investment entities [Member] | Recurring basis [Member] | Level 2 [Member] | Syndicated loans [Member]
Assets
Investments, Fair Value Disclosure		1,817	1,454
Consolidated investment entities [Member] | Recurring basis [Member] | Level 3 [Member]
Assets
Investments, Fair Value Disclosure		92	143
Other assets		2
Total assets at fair value		94	143
Consolidated investment entities [Member] | Recurring basis [Member] | Level 3 [Member] | Syndicated loans [Member]
Assets
Investments, Fair Value Disclosure		$ 92	$ 143
[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 $2.0 billion and $1.7 billion as of December 31, 2020 and 2019, respectively.

Variable Interest Entities (Cha

Variable Interest Entities (Change in Level 3 Assets and Liabilities) (Details 2) - Consolidated investment entities [Member] - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Common stocks [Member]
Summary of changes in Level 3 assets held by consolidated investment entities
Balance, at the beginning of the period			$ 0	$ 4
Total gains (losses) included in net income	[1]			6
Sales				(10)
Transfers into Level 3				4
Transfers out of Level 3				(2)
Transfers out of Level 3 from deconsolidation of collateralized loan obligations				(2)
Balance, at the end of the period				0
Syndicated loans [Member]
Summary of changes in Level 3 assets held by consolidated investment entities
Balance, at the beginning of the period		$ 143	226	180
Total gains (losses) included in net income	[1]	(16)	(2)	(1)
Purchases		111	91	97
Sales		(29)	(11)	(41)
Settlements		(33)	(68)	(52)
Transfers into Level 3		438	272	173
Transfers out of Level 3		(522)	(365)	(160)
Transfers into Level 3 from consolidation of collateralized loan obligations				54
Transfers out of Level 3 from deconsolidation of collateralized loan obligations				(24)
Balance, at the end of the period		92	143	226
Changes in unrealized gains (losses) included in income relating to assets held at end of period	[1]	(2)	(3)	$ (4)
Other assets [Member]
Summary of changes in Level 3 assets held by consolidated investment entities
Balance, at the beginning of the period		0
Purchases		2
Balance, at the end of the period		$ 2	$ 0
[1]	Included in net investment income in the Consolidated Statements of Operations.

Variable Interest Entities (FV

Variable Interest Entities (FV Option for Consolidated CLOs) (Details 3) - Consolidated investment entities [Member] - USD ($) $ in Millions		3 Months Ended	12 Months Ended
		Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Syndicated loans [Abstract]
Unpaid principal balance		$ 1,990	$ 1,990	$ 1,678
Excess estimated unpaid principal over fair value		(81)	(81)	(81)
Fair value		1,909	1,909	1,597
Fair value of loans more than 90 days past due		5	5	4
Fair value of loans in nonaccrual status		19	19	42
Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both		24	24	18
Debt [Abstract]
Unpaid principal balance		2,069	2,069	1,761
Excess estimated unpaid principal over fair value		(156)	(156)	(133)
Fair value	[1]	1,913	1,913	1,628
Estimated fair value of CLO debt		$ 2,000	2,000	1,700
Debt Instrument, Issuer		394 million
Net investment income [Member]
Debt [Abstract]
Total net gains (losses) recognized in net investment income related to changes in fair value			$ (7)	$ (9)	$ 47
[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 $2.0 billion and $1.7 billion as of December 31, 2020 and 2019, respectively.

Variable Interest Entities (Deb

Variable Interest Entities (Debt Outstanding) (Details 4) - Consolidated investment entities [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Debt and stated interest rates
Long-term debt	$ 1,913	$ 1,628
Minimum [Member]
Debt and stated interest rates
Stated interest rate according to terms of CDO structure	0.00%
Maximum [Member]
Debt and stated interest rates
Stated interest rate according to terms of CDO structure	8.90%
Collateralized Loan Obligations [Member]
Debt and stated interest rates
Long-term debt	$ 1,913	$ 1,628
Long-term Debt, Weighted Average Interest Rate	2.10%	3.50%

Investments (Holdings info) (De

Investments (Holdings info) (Details) - Ameriprise Financial [Member] - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Investments	$ 41,031	$ 37,915
Investments, Allowance for Credit Losses	52	24
Available-for-Sale securities, at fair value [Member]
Investments	36,283	33,129
Mortgage loans, net [Member]
Investments	2,718	2,778
Investments, Allowance for Credit Losses	29	19
Policy and certificate loans [Member]
Investments	846	868
Other investments [Member]
Investments	1,184	1,140
Investments, Allowance for Credit Losses	$ 12	$ 5

Investments (Net investment inc

Investments (Net investment income summary) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020		Dec. 31, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Investment income on fixed maturities	$ 1,161		$ 1,378	$ 1,353
Net realized gains (losses)	(10)	[1]	(8)	10
Affordable housing partnerships	(66)		(98)	(58)
Other	89		97	154
Consolidated investment entities	77		94	137
Total net investment income	1,251		$ 1,463	$ 1,596
Allowance for Credit Loss	$ (27)
[1]	Includes the change in the allowance for credit losses of $(27) million for the year ended December 31, 2020.

Investments (AFS by Type) (Deta

Investments (AFS by Type) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Investments
Allowance for Credit Loss	$ (27)
Fair value of investment securities pledged as collateral	3,600	$ 2,200
Fair value of investment securities pledged as collateral that may be repledged by the counterparty	454	576
Corporate debt securities [Member]
Investments
Allowance for Credit Loss	10	0	[1]
Ameriprise Financial [Member]
Investments
Amortized cost	33,601	31,332
Gross unrealized gains	2,727	1,834
Gross unrealized losses	(34)	(37)
Allowance for Credit Loss	(11)
Available-for-sale securities	36,283	33,129
Accrued interest excluded from amortized cost basis	178	177
Ameriprise Financial [Member] | Corporate debt securities [Member]
Investments
Amortized cost	11,762	10,847
Gross unrealized gains	1,924	1,344
Gross unrealized losses	(2)	(4)
Allowance for Credit Loss	(10)
Available-for-sale securities	13,674	12,187
Ameriprise Financial [Member] | Residential mortgage backed securities [Member]
Investments
Amortized cost	9,845	9,954
Gross unrealized gains	188	94
Gross unrealized losses	(4)	(19)
Available-for-sale securities	10,029	10,029
Ameriprise Financial [Member] | Commercial mortgage backed securities [Member]
Investments
Amortized cost	5,867	5,473
Gross unrealized gains	242	96
Gross unrealized losses	(21)	(6)
Available-for-sale securities	6,088	5,563
Ameriprise Financial [Member] | Asset backed securities [Member]
Investments
Amortized cost	3,283	1,968
Gross unrealized gains	52	42
Gross unrealized losses	(5)	(4)
Allowance for Credit Loss	(1)
Available-for-sale securities	3,329	2,006
Ameriprise Financial [Member] | State and municipal obligations [Member]
Investments
Amortized cost	1,088	1,131
Gross unrealized gains	297	238
Gross unrealized losses	(1)	(2)
Available-for-sale securities	1,384	1,367
Ameriprise Financial [Member] | U.S. government and agencies obligations [Member]
Investments
Amortized cost	1,456	1,679
Gross unrealized gains	0	1
Gross unrealized losses		0
Available-for-sale securities	1,456	1,680
Ameriprise Financial [Member] | Foreign government bonds and obligations [Member]
Investments
Amortized cost	241	254
Gross unrealized gains	22	19
Gross unrealized losses	(1)	(2)
Available-for-sale securities	262	271
Ameriprise Financial [Member] | Other Debt Obligations
Investments
Amortized cost	59	26
Gross unrealized gains	2	0
Gross unrealized losses		0
Available-for-sale securities	$ 61	$ 26
[1]	Prior to January 1, 2020, credit losses on Available-for-Sale securities were not recorded in an allowance but were recorded as a reduction of the book value of the security if the security was other-than-temporarily impaired. There is no adoption impact due to the prospective transition for Available-for-Sale securities.

Investments (Rating info) (Deta

Investments (Rating info) (Details) $ in Millions		Dec. 31, 2020USD ($)item	Dec. 31, 2019USD ($)item
Investments
Fixed maturity securities as percentage of total investments		88.00%
Number of holdings other than GNMA, FNMA, and FHLMC having greater than 10% of total equity | item		0	0
Holdings of Issuer Other than GNMA, FNMA and FHLMC as Percentage of Shareholders Equity Maximum		10.00%	10.00%
Ameriprise Financial [Member]
Investments
Amount of securities internally rated		$ 605	$ 624
Percentage of GNMA, FNMA and FHLMC securities rated AAA		33.00%	45.00%
Ameriprise Financial [Member] | AAA [Member]
Investments
Amortized cost		$ 19,815	$ 18,256
Fair value		$ 20,253	$ 18,437
Percent of total fair value		56.00%	56.00%
Ameriprise Financial [Member] | AA [Member]
Investments
Amortized cost		$ 1,082	$ 1,113
Fair value		$ 1,312	$ 1,304
Percent of total fair value		3.00%	4.00%
Ameriprise Financial [Member] | A [Member]
Investments
Amortized cost		$ 2,953	$ 3,008
Fair value		$ 3,534	$ 3,474
Percent of total fair value		10.00%	10.00%
Ameriprise Financial [Member] | BBB [Member]
Investments
Amortized cost		$ 8,271	$ 8,178
Fair value		$ 9,542	$ 9,102
Percent of total fair value		26.00%	28.00%
Ameriprise Financial [Member] | Below investment grade [Member]
Investments
Amortized cost	[1]	$ 1,480	$ 777
Fair value	[1]	$ 1,642	$ 812
Percent of total fair value		5.00%	2.00%
Ameriprise Financial [Member] | Fixed Maturities [Member]
Investments
Amortized cost		$ 33,601	$ 31,332
Fair value		$ 36,283	$ 33,129
Percent of total fair value		100.00%	100.00%
Ameriprise Financial [Member] | Interest in CLOs managed by the Company [Member] | Below investment grade [Member]
Investments
Amortized cost		$ 3	$ 5
Fair value		$ 3	$ 6
[1]	The amortized cost and fair value of below investment grade securities includes interest in CLOs managed by the Company of $3 million, as of December 31, 2020, and $5 million and $6 million, respectively, as of December 31, 2019. These securities are not rated but are included in below investment grade due to their risk characteristics.

Investments (EITF info-Number o

Investments (EITF info-Number of securities and unrealized losses) (Details) $ in Millions	Dec. 31, 2020USD ($)Positions	Dec. 31, 2019USD ($)Positions
Unrealized losses
Investment Grade Available For Sale Securities with Gross Unrealized Losses	92.00%
Ameriprise Financial [Member]
Number of securities
Less than 12 months | Positions	153	255
12 months or more | Positions	122	202
Total | Positions	275	457
Unrealized losses
Less than 12 months | $	$ (17)	$ (17)
12 months or more | $	(17)	(20)
Total | $	$ (34)	$ (37)
Ameriprise Financial [Member] | Corporate debt securities [Member]
Number of securities
Less than 12 months | Positions	26	13
12 months or more | Positions	11	23
Total | Positions	37	36
Unrealized losses
Less than 12 months | $	$ (1)	$ (1)
12 months or more | $	(1)	(3)
Total | $	$ (2)	$ (4)
Ameriprise Financial [Member] | Residential mortgage backed securities [Member]
Number of securities
Less than 12 months | Positions	72	150
12 months or more | Positions	71	118
Total | Positions	143	268
Unrealized losses
Less than 12 months | $	$ (2)	$ (10)
12 months or more | $	(2)	(9)
Total | $	$ (4)	$ (19)
Ameriprise Financial [Member] | Commercial mortgage backed securities [Member]
Number of securities
Less than 12 months | Positions	35	52
12 months or more | Positions	19	31
Total | Positions	54	83
Unrealized losses
Less than 12 months | $	$ (11)	$ (3)
12 months or more | $	(10)	(3)
Total | $	$ (21)	$ (6)
Ameriprise Financial [Member] | Asset backed securities [Member]
Number of securities
Less than 12 months | Positions	17	34
12 months or more | Positions	13	16
Total | Positions	30	50
Unrealized losses
Less than 12 months | $	$ (3)	$ (3)
12 months or more | $	(2)	(1)
Total | $	$ (5)	$ (4)
Ameriprise Financial [Member] | State and municipal obligations [Member]
Number of securities
Less than 12 months | Positions	2	5
12 months or more | Positions	1	4
Total | Positions	3	9
Unrealized losses
Less than 12 months | $	$ 0	$ 0
12 months or more | $	(1)	(2)
Total | $	$ (1)	$ (2)
Ameriprise Financial [Member] | Foreign government bonds and obligations [Member]
Number of securities
Less than 12 months | Positions	1	1
12 months or more | Positions	7	10
Total | Positions	8	11
Unrealized losses
Less than 12 months | $	$ 0	$ 0
12 months or more | $	(1)	(2)
Total | $	$ (1)	$ (2)

Investments Investments (EITF i

Investments Investments (EITF info-Fair value) (Details) - Ameriprise Financial [Member] - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Fair Value [Line Items]
Less than 12 months	$ 2,193	$ 6,637
12 months or more	1,046	1,936
Total	3,239	8,573
Corporate debt securities [Member]
Fair Value [Line Items]
Less than 12 months	228	66
12 months or more	19	173
Total	247	239
Residential mortgage backed securities [Member]
Fair Value [Line Items]
Less than 12 months	833	4,328
12 months or more	391	1,164
Total	1,224	5,492
Commercial mortgage backed securities [Member]
Fair Value [Line Items]
Less than 12 months	781	1,622
12 months or more	393	314
Total	1,174	1,936
Asset backed securities [Member]
Fair Value [Line Items]
Less than 12 months	344	598
12 months or more	231	213
Total	575	811
State and municipal obligations [Member]
Fair Value [Line Items]
Less than 12 months	4	23
12 months or more	4	57
Total	8	80
Foreign government bonds and obligations [Member]
Fair Value [Line Items]
Less than 12 months	3	0
12 months or more	8	15
Total	$ 11	$ 15

Investments (Allowance rollforw

Investments (Allowance rollforward) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)
Fair Value [Line Items]
Allowance for Credit Loss, Ending Balance	$ (27)
Corporate debt securities [Member]
Fair Value [Line Items]
Allowance for Credit Loss, Beginning Balance	0	[1]
Allowance for Credit Loss, Not Previously Recorded	13
Allowance for Credit Loss, Period Increase (Decrease)	(3)
Allowance for Credit Loss, Ending Balance	10
Asset-backed Securities [Member]
Fair Value [Line Items]
Allowance for Credit Loss, Beginning Balance	0	[1]
Allowance for Credit Loss, Not Previously Recorded	1
Allowance for Credit Loss, Period Increase (Decrease)	0
Allowance for Credit Loss, Ending Balance	1
Total available-for-sale securities [Member]
Fair Value [Line Items]
Allowance for Credit Loss, Beginning Balance	0	[1]
Allowance for Credit Loss, Not Previously Recorded	14
Allowance for Credit Loss, Period Increase (Decrease)	(3)
Allowance for Credit Loss, Ending Balance	$ 11
[1]	Prior to January 1, 2020, credit losses on Available-for-Sale securities were not recorded in an allowance but were recorded as a reduction of the book value of the security if the security was other-than-temporarily impaired. There is no adoption impact due to the prospective transition for Available-for-Sale securities.

Investments (Realized GL Info)

Investments (Realized GL Info) (Details) - Ameriprise Financial [Member] - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Investments
Gross realized gains		$ 25	$ 30	$ 18
Gross realized losses		(3)	(14)	(9)
Other-than-temporary impairments		(11)	(22)
Total		$ 11	$ (6)	$ 9
Available-for-sale Securities, Credit Losses	$ 5

Investments (AFS contractual ma

Investments (AFS contractual maturity) (Details) - Ameriprise Financial [Member] - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Amortized Cost
Due within one year	$ 2,569
Due after one year through five years	4,717
Due after five years through 10 years	2,908
Due after 10 years	4,412
Total having single maturity dates	14,606
Amortized cost	33,601	$ 31,332
Fair Value
Due within one year	2,584
Due after one year through five years	5,057
Due after five years through 10 years	3,213
Due after 10 years	5,983
Total having single maturity dates	16,837
Fair value	36,283	33,129
Residential mortgage backed securities [Member]
Amortized Cost
Without single maturity dates	9,845
Amortized cost	9,845	9,954
Fair Value
Without single maturity dates	10,029
Fair value	10,029	10,029
Commercial mortgage backed securities [Member]
Amortized Cost
Without single maturity dates	5,867
Amortized cost	5,867	5,473
Fair Value
Without single maturity dates	6,088
Fair value	6,088	5,563
Asset backed securities [Member]
Amortized Cost
Without single maturity dates	3,283
Amortized cost	3,283	1,968
Fair Value
Without single maturity dates	3,329
Fair value	$ 3,329	$ 2,006

Financing Receivables (Allowanc

Financing Receivables (Allowance for Loan Losses) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2020		Dec. 31, 2019		Dec. 31, 2018
Rollforward of the allowance for loan losses
Recovery				$ 1		$ 0
Commercial Loan
Rollforward of the allowance for loan losses
Beginning balance		$ 51	[1]	49		49
Provisions		19		5		6
Charge-offs		(6)		(4)		(6)
Ending balance		66		51	[1]	49
Recorded investment in financing receivables by impairment method and type of loan
Interest Receivable		16		14
Commercial Loan | Cumulative Effect, Period of Adoption, Adjustment [Member]
Rollforward of the allowance for loan losses
Beginning balance		2
Ending balance				2
Commercial Loan | Cumulative Effect, Period of Adoption, Adjusted Balance
Rollforward of the allowance for loan losses
Beginning balance		53
Ending balance				53
Consumer Loan
Rollforward of the allowance for loan losses
Beginning balance	[1]	0
Provisions		2
Charge-offs		(3)
Ending balance		2		0	[1]
Consumer Loan | Cumulative Effect, Period of Adoption, Adjustment [Member]
Rollforward of the allowance for loan losses
Beginning balance		3
Ending balance				3
Consumer Loan | Cumulative Effect, Period of Adoption, Adjusted Balance
Rollforward of the allowance for loan losses
Beginning balance		3
Ending balance				3
Total Segment [Member]
Rollforward of the allowance for loan losses
Beginning balance	[1]	51
Provisions		21
Charge-offs		(9)
Ending balance		68		51	[1]
Total Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Rollforward of the allowance for loan losses
Beginning balance		5
Ending balance				5
Total Segment [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance
Rollforward of the allowance for loan losses
Beginning balance		56
Ending balance				56
Syndicated loans [Member]
Recorded investment in financing receivables by impairment method and type of loan
Loans purchased		173		162		221
Loans sold		17		54		$ 51
Residential Mortgage
Recorded investment in financing receivables by impairment method and type of loan
Loans purchased		22
Collateral Pledged
Recorded investment in financing receivables by impairment method and type of loan
Loans purchased		224
Commercial mortgage loans [Member]
Rollforward of the allowance for loan losses
Beginning balance		19
Ending balance		$ 29		$ 19
[1]	Prior to January 1, 2020, the allowance for credit losses was based on an incurred loss model that did not require estimating expected credit losses over the expected life of the asset.

Financing Receivables (Credit Q

Financing Receivables (Credit Quality Information Text) (Details 2)	12 Months Ended
	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)
Nonperforming Financial Instruments
Credit quality information [Line Items]
Nonperforming loans	$ 21,000,000	$ 25,000,000
Commercial mortgage loans [Member]
Credit quality information [Line Items]
Nonperforming loans	$ 0
Percentage of commercial mortgage loans with highest risk rating	1.00%
Financing Receivable, Modifications, Number of Contracts | loan	93
Impaired Financing Receivable, Unpaid Principal Balance	$ 369,000,000
Impaired Financing Receivable, Unpaid Interest Balance	10,000,000
Total loans, gross	$ 2,725,000,000	2,797,000,000
Commercial mortgage loans [Member] | Interest receivable
Credit quality information [Line Items]
Financing Receivable, Modifications, Number of Contracts | loan	1
Syndicated loans [Member]
Credit quality information [Line Items]
Nonperforming loans	$ 3,000,000	1,000,000
Total loans, gross	595,000,000	543,000,000
Loans to financial advisors [Member]
Credit quality information [Line Items]
Total loans, gross	715,000,000
Allowance for loan losses related to loans to financial advisors no longer affiliated with Ameriprise Financial	$ 7,000,000	$ 10,000,000
Credit Card Receivable
Credit quality information [Line Items]
Financing Receivable, Percent Past Due	1.00%	2.00%

Financing Receivables (Credit_2

Financing Receivables (Credit Quality Information Tables) (Details 3) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Commercial mortgage loans
Credit card receivables	$ 96
FICO Score, Greater than 800
Commercial mortgage loans
Credit card receivables	28
FICO Score, 750-799
Commercial mortgage loans
Credit card receivables	23
FICO Score, 700-749
Commercial mortgage loans
Credit card receivables	25
FICO Score. 650 to 699
Commercial mortgage loans
Credit card receivables	15
FICO Score, Less than 650
Commercial mortgage loans
Credit card receivables	5
Commercial mortgage loans [Member]
Commercial mortgage loans
Financing Receivable, Year One, Originated, Current Fiscal Year	134
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	262
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	195
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	289
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	230
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	1,615
Total loans, gross	2,725	$ 2,797
Less: allowance for loan losses	29	19
Total loans, net	$ 2,696	$ 2,778
Percentage of gross commercial mortgage loans	100.00%	100.00%
Commercial mortgage loans [Member] | Apartments [Member]
Commercial mortgage loans
Total loans, gross	$ 713	$ 692
Percentage of gross commercial mortgage loans	26.00%	25.00%
Commercial mortgage loans [Member] | Hotel [Member]
Commercial mortgage loans
Total loans, gross	$ 50	$ 51
Percentage of gross commercial mortgage loans	2.00%	2.00%
Commercial mortgage loans [Member] | Industrial [Member]
Commercial mortgage loans
Total loans, gross	$ 427	$ 429
Percentage of gross commercial mortgage loans	16.00%	15.00%
Commercial mortgage loans [Member] | Mixed Use [Member]
Commercial mortgage loans
Total loans, gross	$ 87	$ 78
Percentage of gross commercial mortgage loans	3.00%	3.00%
Commercial mortgage loans [Member] | Office
Commercial mortgage loans
Total loans, gross	$ 372	$ 419
Percentage of gross commercial mortgage loans	14.00%	15.00%
Commercial mortgage loans [Member] | Retail
Commercial mortgage loans
Total loans, gross	$ 881	$ 931
Percentage of gross commercial mortgage loans	32.00%	33.00%
Commercial mortgage loans [Member] | Other
Commercial mortgage loans
Total loans, gross	$ 195	$ 197
Percentage of gross commercial mortgage loans	7.00%	7.00%
Commercial mortgage loans [Member] | East North Central [Member]
Commercial mortgage loans
Total loans, gross	$ 259	$ 239
Percentage of gross commercial mortgage loans	10.00%	9.00%
Commercial mortgage loans [Member] | East South Central [Member]
Commercial mortgage loans
Total loans, gross	$ 115	$ 121
Percentage of gross commercial mortgage loans	4.00%	4.00%
Commercial mortgage loans [Member] | Middle Atlantic [Member]
Commercial mortgage loans
Total loans, gross	$ 178	$ 182
Percentage of gross commercial mortgage loans	7.00%	6.00%
Commercial mortgage loans [Member] | Mountain [Member]
Commercial mortgage loans
Total loans, gross	$ 247	$ 251
Percentage of gross commercial mortgage loans	9.00%	9.00%
Commercial mortgage loans [Member] | New England [Member]
Commercial mortgage loans
Total loans, gross	$ 54	$ 54
Percentage of gross commercial mortgage loans	2.00%	2.00%
Commercial mortgage loans [Member] | Pacific [Member]
Commercial mortgage loans
Total loans, gross	$ 825	$ 831
Percentage of gross commercial mortgage loans	30.00%	30.00%
Commercial mortgage loans [Member] | South Atlantic [Member]
Commercial mortgage loans
Total loans, gross	$ 681	$ 723
Percentage of gross commercial mortgage loans	25.00%	26.00%
Commercial mortgage loans [Member] | West North Central [Member]
Commercial mortgage loans
Total loans, gross	$ 198	$ 214
Percentage of gross commercial mortgage loans	7.00%	8.00%
Commercial mortgage loans [Member] | West South Central [Member]
Commercial mortgage loans
Total loans, gross	$ 168	$ 182
Percentage of gross commercial mortgage loans	6.00%	6.00%
Commercial mortgage loans [Member] | Debt-to-Value Ratio, Greater than 100 Percent
Commercial mortgage loans
Financing Receivable, Year One, Originated, Current Fiscal Year	$ 0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	2
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	10
Total loans, gross	12
Commercial mortgage loans [Member] | Debt-to-Value Ratio, 80 to 100 Percent
Commercial mortgage loans
Financing Receivable, Year One, Originated, Current Fiscal Year	15
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	16
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	12
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	3
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	7
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	15
Total loans, gross	68
Commercial mortgage loans [Member] | Debt-to-Value, 60 to 80 Percent
Commercial mortgage loans
Financing Receivable, Year One, Originated, Current Fiscal Year	89
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	166
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	27
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	32
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	46
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	144
Total loans, gross	504
Commercial mortgage loans [Member] | Debt-to-Value, 40 to 60 Percent
Commercial mortgage loans
Financing Receivable, Year One, Originated, Current Fiscal Year	23
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	57
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	74
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	155
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	113
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	551
Total loans, gross	973
Commercial mortgage loans [Member] | Debt-to-Value, Less than 40 Percent
Commercial mortgage loans
Financing Receivable, Year One, Originated, Current Fiscal Year	7
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	23
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	80
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	99
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	64
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	895
Total loans, gross	1,168
Syndicated loans [Member]
Commercial mortgage loans
Financing Receivable, Year One, Originated, Current Fiscal Year	47
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	98
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	121
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	161
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	49
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	119
Total loans, gross	595	$ 543
Syndicated loans [Member] | Internal Risk Rating 5
Commercial mortgage loans
Financing Receivable, Year One, Originated, Current Fiscal Year	0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	3
Total loans, gross	3
Syndicated loans [Member] | Internal Risk Rating 4
Commercial mortgage loans
Financing Receivable, Year One, Originated, Current Fiscal Year	0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	4
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	9
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	10
Total loans, gross	23
Syndicated loans [Member] | Internal Risk Rating 3
Commercial mortgage loans
Financing Receivable, Year One, Originated, Current Fiscal Year	0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	9
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	8
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	25
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	13
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	25
Total loans, gross	80
Syndicated loans [Member] | Internal Risk Rating 2
Commercial mortgage loans
Financing Receivable, Year One, Originated, Current Fiscal Year	30
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	57
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	62
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	69
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	14
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	41
Total loans, gross	273
Syndicated loans [Member] | Internal Risk Rating 1
Commercial mortgage loans
Financing Receivable, Year One, Originated, Current Fiscal Year	17
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	32
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	47
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	58
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	22
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	40
Total loans, gross	216
Loans to financial advisors [Member]
Commercial mortgage loans
Financing Receivable, Year One, Originated, Current Fiscal Year	171
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	137
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	101
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	128
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	84
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	94
Total loans, gross	715
Loans to financial advisors [Member] | Principle Loan Amount Outstanding, Actively Employed Advisors
Commercial mortgage loans
Financing Receivable, Year One, Originated, Current Fiscal Year	171
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	137
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	101
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	127
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	83
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	86
Total loans, gross	705
Loans to financial advisors [Member] | Principal amounts outstanding for advisor loans no longer affiliated with the Ameriprise Financial
Commercial mortgage loans
Financing Receivable, Year One, Originated, Current Fiscal Year	0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year	0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year	0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year	1
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year	1
Financing Receivable, Originated, More than Five Years before Current Fiscal Year	8
Total loans, gross	$ 10

Financing Receivables Financing

Financing Receivables Financing Receivables (Reinsurance Deposit Receivable) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Receivables [Abstract]
Deposit receivable	$ 1,400	$ 1,500

Financing Receivables (Troubled

Financing Receivables (Troubled Debt Restructurings) (Details 4)	Dec. 31, 2020USD ($)
Receivables [Abstract]
Commitments to lend additional funds to borrowers for restructured loans	$ 0

Reinsurance (Product informatio

Reinsurance (Product information) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Reinsurance Retention Policy [Line Items]
Maximum amount of life policy risk retained by entity, net of reinsured amounts	$ 1,500,000
Life insurance [Member]
Reinsurance Retention Policy [Line Items]
Percentage of risk reinsured	90.00%
Life Insurance In Force, Net [Abstract]
Traditional Life and UL insurance in force, gross	$ 195,700,000,000	$ 195,100,000,000
Traditional Life and UL insurance in force, reinsured	$ 143,600,000,000	$ 142,800,000,000
IUL and VUL
Reinsurance Retention Policy [Line Items]
Percentage of risk reinsured	50.00%
TrioSource UL insurance [Member]
Reinsurance Retention Policy [Line Items]
Percentage of risk reinsured	50.00%
Single life insurance [Member]
Reinsurance Retention Policy [Line Items]
Maximum amount of life insurance risk retained by the entity	$ 10,000,000
Flexible premium survivorship life insurance [Member]
Reinsurance Retention Policy [Line Items]
Maximum amount of life insurance risk retained by the entity	$ 10,000,000
LTC [Member]
Reinsurance Retention Policy [Line Items]
Percentage of risk reinsured	50.00%
DI [Member]
Reinsurance Retention Policy [Line Items]
Maximum amount of life insurance risk retained by the entity	$ 5,000

Reinsurance (Reinsurance on pre

Reinsurance (Reinsurance on premiums - long-duration contracts) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Effects of Reinsurance [Line Items]
Net premiums	$ 1,395	$ 2,224	$ 2,467
Traditional long-duration products [Member]
Effects of Reinsurance [Line Items]
Direct premiums	565	621	621
Reinsurance ceded	(224)	(224)	(225)
Net premiums	$ 341	$ 397	$ 396

Reinsurance (Reinsurance on p_2

Reinsurance (Reinsurance on premiums - short-duration contracts) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Earned Premiums [Abstract]
Premiums	$ 1,395	$ 2,224	$ 2,467
Property and casualty [Member]
Written Premiums [Abstract]
Direct written premiums		864	1,101
Ceded written premiums		(23)	(55)
Total net written premiums		841	1,046
Earned Premiums [Abstract]
Direct earned premiums		841	1,124
Ceded earned premiums		(24)	(94)
Premiums		$ 817	$ 1,030

Reinsurance (Ceded and recovere

Reinsurance (Ceded and recovered amounts) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Effects of Reinsurance [Line Items]
Reinsurance recovered from reinsurers	$ 400	$ 407	$ 402
Reinsurance recoverables	3,400	3,200
Liabilities for assumed reinsurance arrangements	440	466
Non-traditional long-duration products [Member]
Effects of Reinsurance [Line Items]
Reinsurance ceded offset within other revenues	140	132	$ 126
LTC [Member]
Effects of Reinsurance [Line Items]
Reinsurance recoverable related to LTC risk ceded to Genworth	$ 2,700	$ 2,500

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Changes in the carrying amount of goodwill, by segment:
Goodwill, balance at the beginning of the period	$ 1,167	$ 1,158
Foreign currency translation	10	10
Purchase price adjustment	(1)	(1)
Goodwill, balance at the end of the period	1,176	1,167
Impairment of Intangible Assets (Excluding Goodwill)	(2)	5
Advice & Wealth Management [Member]
Changes in the carrying amount of goodwill, by segment:
Goodwill, balance at the beginning of the period	279	279
Goodwill, balance at the end of the period	279	279
Asset Management [Member]
Changes in the carrying amount of goodwill, by segment:
Goodwill, balance at the beginning of the period	797	788
Foreign currency translation	10	10
Purchase price adjustment	(1)	(1)
Goodwill, balance at the end of the period	806	797
Protection [Member]
Changes in the carrying amount of goodwill, by segment:
Goodwill, balance at the beginning of the period	91	91
Goodwill, balance at the end of the period	$ 91	$ 91

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Intangible assets
Impairment of Intangible Assets (Excluding Goodwill)	$ (2)	$ 5
Carrying amount of indefinite-lived intangible assets	640	641
Carrying amount of indefinite-lived intangible assets - trade names	69	69
Gross Carrying Amount	642	608
Accumulated Amortization	(534)	(495)
Net Carrying Amount	108	113
Definite-lived intangible assets acquired during the year, amount assigned	$ 25
Definite-lived intangible assets acquired during the year, weighted-average amortization period	5 years
Aggregate amortization expense for definite-lived intangible assets	$ 31	37	$ 30
Estimated intangible amortization expense for next five years:
2021	32
2022	28
2023	24
2024	11
2025	7
Customer relationships [Member]
Intangible assets
Gross Carrying Amount	193	192
Accumulated Amortization	(155)	(146)
Net Carrying Amount	38	46
Contracts [Member]
Intangible assets
Gross Carrying Amount	223	219
Accumulated Amortization	(211)	(202)
Net Carrying Amount	12	17
Other [Member]
Intangible assets
Gross Carrying Amount	226	197
Accumulated Amortization	(168)	(147)
Net Carrying Amount	$ 58	$ 50

Deferred Acquisition Costs an_3

Deferred Acquisition Costs and Deferred Sales Inducement Costs (Details) - Ameriprise Financial [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Balances of and changes in DAC
Balance at the beginning of the period	$ 2,698	$ 2,776	$ 2,676
Capitalization of acquisition costs	228	291	318
Amortization, excluding the impact of valuation assumptions review	(177)	(165)	(355)
Amortization, impact of valuation assumptions review	(100)	(14)	33
Impact of change in net unrealized (gains) losses on securities	(117)	(175)	104
Disposal of business	0	15	0
Balance at the end of the period	2,532	2,698	2,776
Balances of and changes in DSIC
Balance at the beginning of the period	218	251	276
Capitalization of sales inducement costs	1	1	2
Amortization, excluding the impact of valuation assumptions review	(13)	(15)	(43)
Amortization, impact of valuation assumptions review	(16)	0	0
Impact of change in net unrealized (gains) losses on securities	(1)	(19)	16
Balance at the end of the period	$ 189	$ 218	$ 251

Policyholder Account Balances_3

Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities (Details) - USD ($) $ in Millions		Dec. 31, 2020	Dec. 31, 2019
Policyholder account balances		$ 21,002	$ 19,793
Future policy benefits		12,799	10,553
Policy claims and other policyholders' funds		191	166
Total policyholder account balances, future policy benefits and claims		33,992	30,512
Fixed annuities [Member]
Policyholder account balances	[1]	8,531	8,909
Variable annuity fixed sub-accounts [Member]
Policyholder account balances		5,104	5,103
UL/VUL insurance [Member]
Policyholder account balances		3,122	3,110
IUL insurance [Member]
Policyholder account balances		2,269	2,025
Structured Variable Annuities
Policyholder account balances		1,371	0
Other life insurance [Member]
Policyholder account balances		605	646
Variable annuity GMWB [Member]
Future policy benefits			1,462
Variable annuity GMAB [Member]
Future policy benefits	[2]		(39)
Other annuity liabilities [Member]
Future policy benefits		211	139
Fixed annuity life contingent liabilities [Member]
Future policy benefits		1,370	1,444
Life and DI insurance [Member]
Future policy benefits		1,187	1,212
LTC insurance [Member]
Future policy benefits		5,722	5,302
UL/VUL and other life insurance additional liabilities [Member]
Future policy benefits		$ 1,259	$ 1,033
[1]	Includes fixed deferred annuities, non-life contingent fixed payout annuities and fixed deferred indexed annuity host contracts.
[2]	Includes the fair value of GMAB embedded derivatives that was a net asset as of both December 31, 2020 and 2019 reported as a contra liability.

Policyholder Account Balances_4

Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities (Text) (Details 2)	12 Months Ended
	Dec. 31, 2020
DI [Member]
Liability for Policyholder Account Balances and Future Policy Benefits and Policy Claims and Other Policyholders Funds [Line Items]
Unpaid reported claims interest rate	4.50%
LTC insurance [Member]
Liability for Policyholder Account Balances and Future Policy Benefits and Policy Claims and Other Policyholders Funds [Line Items]
Unpaid reported claims interest rate	6.00%
Minimum [Member] | Term and whole life insurance [Member]
Liability for Policyholder Account Balances and Future Policy Benefits and Policy Claims and Other Policyholders Funds [Line Items]
Anticipated interest rate for future claims	2.25%
Minimum [Member] | DI [Member]
Liability for Policyholder Account Balances and Future Policy Benefits and Policy Claims and Other Policyholders Funds [Line Items]
Anticipated interest rate for future claims	2.25%
Minimum [Member] | LTC insurance [Member]
Liability for Policyholder Account Balances and Future Policy Benefits and Policy Claims and Other Policyholders Funds [Line Items]
Anticipated interest rate for future claims	5.00%
Maximum [Member] | Term and whole life insurance [Member]
Liability for Policyholder Account Balances and Future Policy Benefits and Policy Claims and Other Policyholders Funds [Line Items]
Anticipated interest rate for future claims	10.00%
Maximum [Member] | DI [Member]
Liability for Policyholder Account Balances and Future Policy Benefits and Policy Claims and Other Policyholders Funds [Line Items]
Anticipated interest rate for future claims	7.50%
Maximum [Member] | LTC insurance [Member]
Liability for Policyholder Account Balances and Future Policy Benefits and Policy Claims and Other Policyholders Funds [Line Items]
Anticipated interest rate for future claims	5.70%

Policyholder Account Balances_5

Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities (Separate Account Liabilities) (Details 3) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Separate Account Liabilities
Variable annuity	$ 79,299	$ 74,965
VUL insurance	8,226	7,429
Other insurance	31	31
Threadneedle investment liabilities	5,055	5,063
Total	$ 92,611	$ 87,488

Variable Annuity and Insuranc_3

Variable Annuity and Insurance Guarantees (VA Guarantee Details Table) (Details 2) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
GMDB [Member]
Variable Annuity Guarantees by Benefit Type
Total contract value	[1]	$ 83,781	$ 79,415
Contract value in separate accounts	[1]	78,705	74,344
Net amount at risk	[1]	$ 64	$ 84
Weighted average attained age	[1]	68 years	67 years
GMDB [Member] | Return of premium [Member]
Variable Annuity Guarantees by Benefit Type
Total contract value	[1]	$ 66,874	$ 62,909
Contract value in separate accounts	[1]	64,932	60,967
Net amount at risk	[1]	$ 5	$ 5
Weighted average attained age	[1]	68 years	67 years
GMDB [Member] | Five/six year reset [Member]
Variable Annuity Guarantees by Benefit Type
Total contract value	[1]	$ 8,116	$ 7,983
Contract value in separate accounts	[1]	5,386	5,263
Net amount at risk	[1]	$ 6	$ 7
Weighted average attained age	[1]	68 years	67 years
GMDB [Member] | One-year ratchet [Member]
Variable Annuity Guarantees by Benefit Type
Total contract value	[1]	$ 6,094	$ 5,935
Contract value in separate accounts	[1]	5,763	5,600
Net amount at risk	[1]	$ 8	$ 7
Weighted average attained age	[1]	71 years	70 years
GMDB [Member] | Five-year ratchet [Member]
Variable Annuity Guarantees by Benefit Type
Total contract value	[1]	$ 1,436	$ 1,396
Contract value in separate accounts	[1]	1,381	1,340
Net amount at risk	[1]	$ 0	$ 0
Weighted average attained age	[1]	67 years	66 years
GMDB [Member] | Other [Member]
Variable Annuity Guarantees by Benefit Type
Total contract value	[1]	$ 1,261	$ 1,192
Contract value in separate accounts	[1]	1,243	1,174
Net amount at risk	[1]	$ 45	$ 65
Weighted average attained age	[1]	73 years	73 years
GGU death benefit [Member]
Variable Annuity Guarantees by Benefit Type
Total contract value	[1]	$ 1,183	$ 1,115
Contract value in separate accounts	[1]	1,126	1,063
Net amount at risk	[1]	$ 162	$ 133
Weighted average attained age	[1]	71 years	71 years
GMIB [Member]
Variable Annuity Guarantees by Benefit Type
Total contract value	[1]	$ 187	$ 186
Contract value in separate accounts	[1]	173	172
Net amount at risk	[1]	$ 6	$ 6
Weighted average attained age	[1]	71 years	70 years
GMWB [Member]
Variable Annuity Guarantees by Benefit Type
Total contract value	[1]		$ 48,798
Contract value in separate accounts	[1]	$ 52,024	48,684
Net amount at risk	[1]	$ 186	$ 273
Weighted average attained age	[1]	69 years	68 years
GMWB [Member] | GMWB standard benefit [Member]
Variable Annuity Guarantees by Benefit Type
Total contract value	[1]	$ 1,972	$ 1,999
Contract value in separate accounts	[1]	1,967	1,993
Net amount at risk	[1]	$ 1	$ 1
Weighted average attained age	[1]	74 years	73 years
GMWB [Member] | GMWB for life [Member]
Variable Annuity Guarantees by Benefit Type
Total contract value	[1]	$ 50,142	$ 46,799
Contract value in separate accounts	[1]	50,057	46,691
Net amount at risk	[1]	$ 185	$ 272
Weighted average attained age	[1]	69 years	68 years
GMAB [Member]
Variable Annuity Guarantees by Benefit Type
Total contract value	[1]		$ 2,528
Contract value in separate accounts	[1]	$ 2,291	2,524
Net amount at risk	[1]	$ 0	$ 0
Weighted average attained age	[1]	61 years	60 years
[1]	Individual variable annuity contracts may have more than one guarantee and therefore may be included in more than one benefit type. Variable annuity contracts for which the death benefit equals the account value are not shown in this table

Variable Annuity and Insuranc_4

Variable Annuity and Insurance Guarantees (UL Secondary Guarantee) (Details 3) - UL secondary guarantees [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Insurance Guarantees by Benefit Type
Net amount at risk	$ 6,587	$ 6,550
Weighted average attained age	67 years	67 years

Variable Annuity and Insuranc_5

Variable Annuity and Insurance Guarantees (Liability Rollforward) (Details 4) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
GMDB and GGU [Member]
Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross
Balance, at the beginning of the period		$ 16	$ 19	$ 17
Incurred claims		15	2	8
Paid claims		(7)	(5)	(6)
Balance, at the end of the period		24	16	19
GMIB [Member]
Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross
Balance, at the beginning of the period		7	8	6
Incurred claims			(1)	2
Paid claims		(1)	0	0
Balance, at the end of the period		6	7	8
GMWB [Member]
Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross
Balance, at the beginning of the period		1,462	875	463
Incurred claims	[1]	1,587	587	412
Paid claims		0	0	0
Balance, at the end of the period		3,049	1,462	875
GMAB [Member]
Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross
Balance, at the beginning of the period		(39)	(19)	(80)
Incurred claims	[1]	40	(20)	61
Paid claims		0	0	0
Balance, at the end of the period		1	(39)	(19)
UL [Member]
Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross
Balance, at the beginning of the period		758	659	489
Incurred claims		209	141	201
Paid claims		(51)	(42)	(31)
Balance, at the end of the period		$ 916	$ 758	$ 659
[1]	The incurred claims for GMWB and GMAB include the change in the fair value of the liabilities (contra liabilities) less paid claims.

Variable Annuity and Insuranc_6

Variable Annuity and Insurance Guarantees (Separate Account Balance by Type) (Details 5) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Mutual funds
Distribution of separate account balances by asset type for variable annuity contracts providing guaranteed benefits:
Total mutual funds	$ 78,931	$ 74,584
Equity
Distribution of separate account balances by asset type for variable annuity contracts providing guaranteed benefits:
Total mutual funds	45,947	44,739
Bond
Distribution of separate account balances by asset type for variable annuity contracts providing guaranteed benefits:
Total mutual funds	26,073	23,374
Other
Distribution of separate account balances by asset type for variable annuity contracts providing guaranteed benefits:
Total mutual funds	$ 6,911	$ 6,471

Customer Deposits (Details)

Customer Deposits (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Customer Deposits [Abstract]
Amount of reserves that do not allow for a surrender charge	$ 3,200,000,000
Percentage of participation in the market index in the first option	100.00%
Percentage of participation in the market index in the second option	25.00%
Minimum [Member]
Customer Deposits [Abstract]
Amount of fixed rate investment certificates	$ 1,000
Term of fixed rate investment certificates	3 months
Returns on current first term stock market certificates (as a percent)	1.10%
Maximum [Member]
Customer Deposits [Abstract]
Amount of fixed rate investment certificates	$ 2,000,000
Term of fixed rate investment certificates	36 months
Returns on current first term stock market certificates (as a percent)	7.50%
Ameriprise Financial [Member]
Customer Deposits [Abstract]
Fixed rate certificates	$ 6,341,000,000	$ 7,032,000,000
Stock market certificates	389,000,000	456,000,000
Stock market embedded derivative reserve	8,000,000	7,000,000
Other	22,000,000	27,000,000
Less: accrued interest classified in other liabilities	(10,000,000)	(21,000,000)
Total investment certificate reserves	6,750,000,000	7,501,000,000
Brokerage customer deposits	10,891,000,000	6,929,000,000
Total	$ 17,641,000,000	$ 14,430,000,000

Debt (Schedule of debt) (Detail

Debt (Schedule of debt) (Details) - USD ($) $ in Millions		Dec. 31, 2020	Apr. 02, 2020	Dec. 31, 2019
Debt and stated interest rates
Finance lease liability		$ 44		$ 57
Ameriprise Financial [Member]
Debt and stated interest rates
Finance lease liability		44		57
Other	[1]	(13)		(10)
Total Long-term Debt		2,831		3,097
Short-term borrowings		200		201
Total		3,031		3,298
Ameriprise Financial [Member] | Federal Home Loan Bank advances [Member]
Debt and stated interest rates
Short-term borrowings		$ 200		$ 201
Stated interest rate (as a percent) short-term debt		0.40%		1.80%
Ameriprise Financial [Member] | Senior notes due 2020 [Member]
Debt and stated interest rates
Long-term debt				$ 750
Stated interest rate (as a percent) long-term debt				5.30%
Ameriprise Financial [Member] | Senior notes due 2022 [Member]
Debt and stated interest rates
Long-term debt		$ 500		$ 500
Stated interest rate (as a percent) long-term debt		3.00%		3.00%
Ameriprise Financial [Member] | Senior notes due 2023 [Member]
Debt and stated interest rates
Long-term debt		$ 750		$ 750
Stated interest rate (as a percent) long-term debt		4.00%		4.00%
Ameriprise Financial [Member] | Senior notes due 2024 [Member]
Debt and stated interest rates
Long-term debt		$ 550		$ 550
Stated interest rate (as a percent) long-term debt		3.70%		3.70%
Ameriprise Financial [Member] | Senior notes due 2025 [Member]
Debt and stated interest rates
Long-term debt		$ 500
Stated interest rate (as a percent) long-term debt		3.00%	3.00%
Ameriprise Financial [Member] | Senior notes due 2026 [Member]
Debt and stated interest rates
Long-term debt		$ 500		$ 500
Stated interest rate (as a percent) long-term debt		2.90%		2.90%
[1]	Amounts include adjustments for fair value hedges on the Company’s long-term debt and unamortized discount and debt issuance costs. See Note 17 for information on the Company’s fair value hedges.

Debt (Narrative) (Details 2)

Debt (Narrative) (Details 2) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Apr. 02, 2020
Debt and stated interest rates
Repayments of Long-term Debt			$ 762	$ 313	$ 13
Ameriprise Financial [Member] | Federal Home Loan Bank advances [Member]
Debt and stated interest rates
Remaining maturity of outstanding amount for short term borrowings			3 months	2 months
Ameriprise Financial [Member] | Senior notes due 2025 [Member]
Debt and stated interest rates
Proceeds from Issuance of Debt	$ 500
Debt issuance costs	$ 4
Stated interest rate (as a percent) long-term debt			3.00%			3.00%
Ameriprise Financial [Member] | Senior notes due 2020 [Member]
Debt and stated interest rates
Repayments of Long-term Debt		$ 750
Stated interest rate (as a percent) long-term debt				5.30%
Ameriprise Financial [Member] | Senior notes due 2022 [Member]
Debt and stated interest rates
Stated interest rate (as a percent) long-term debt			3.00%	3.00%

Debt Debt (Line of Credit Narra

Debt Debt (Line of Credit Narrative) (Details 3) - Ameriprise Financial [Member] $ in Millions	Dec. 31, 2020USD ($)
Line of Credit Facility [Line Items]
Current borrowing capacity under the line of credit	$ 750
Maximum borrowing capacity under the line of credit	1,000
Borrowings outstanding under credit facility	0
Outstanding letters of credit issued against credit facility	$ 1

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities Fair Vaues of Assets and Liabilities (Recurring) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2020		Dec. 31, 2019
Liabilities
Individual contracts in a liability position	[1],[2]	$ 7,693		$ 5,229
Individual contracts in an asset position	[3]	5,870		4,361
Cumulative increase(decrease) in embedded derivatives due to nonperformance		(727)		(502)
GMWB and GMAB embedded derivatives [Member]
Liabilities
Individual contracts in a liability position		2,400		981
Individual contracts in an asset position		67		218
Ameriprise Financial [Member]
Assets
Available-for-sale securities		36,283		33,129
Separate account assets measured at NAV		92,611		87,488
Investments and cash equivalents segregated for regulatory purposes		2,558		2,386
Ameriprise Financial [Member] | Corporate debt securities [Member]
Assets
Available-for-sale securities		13,674		12,187
Ameriprise Financial [Member] | Residential mortgage backed securities [Member]
Assets
Available-for-sale securities		10,029		10,029
Ameriprise Financial [Member] | Commercial mortgage backed securities [Member]
Assets
Available-for-sale securities		6,088		5,563
Ameriprise Financial [Member] | Asset backed securities [Member]
Assets
Available-for-sale securities		3,329		2,006
Ameriprise Financial [Member] | State and municipal obligations [Member]
Assets
Available-for-sale securities		1,384		1,367
Ameriprise Financial [Member] | U.S. government and agencies obligations [Member]
Assets
Available-for-sale securities		1,456		1,680
Ameriprise Financial [Member] | Foreign government bonds and obligations [Member]
Assets
Available-for-sale securities		262		271
Ameriprise Financial [Member] | Recurring basis [Member]
Assets
Cash equivalents		5,441		3,191
Available-for-sale securities		36,283		33,129
Equity securities				1
Investments measured at NAV	[4]	8		6
Trading securities		88		38
Separate account assets measured at NAV	[4]	92,611		87,488
Investments and cash equivalents segregated for regulatory purposes		600		14
Other assets		5,870		4,361
Total assets at fair value		140,901		128,228
Liabilities
Policyholder account balances, future policy benefits and claims		3,373	[5]	1,690	[6]
Customer deposits		8		14
Other liabilities		4,360		3,579
Total liabilities at fair value		7,741		5,283
Ameriprise Financial [Member] | Recurring basis [Member] | Other liabilities [Member]
Liabilities
Other liabilities		48		54
Ameriprise Financial [Member] | Recurring basis [Member] | Interest rate derivative contracts [Member]
Assets
Other assets		1,755		1,455
Liabilities
Other liabilities		734		418
Ameriprise Financial [Member] | Recurring basis [Member] | Equity derivate dontracts [Member]
Assets
Other assets		4,090		2,884
Liabilities
Other liabilities		3,571		3,098
Ameriprise Financial [Member] | Recurring basis [Member] | Credit Risk Contract [Member]
Assets
Other assets		2		4
Liabilities
Other liabilities		1
Ameriprise Financial [Member] | Recurring basis [Member] | Foreign exchange derivative contracts [Member]
Assets
Other assets		23		18
Liabilities
Other liabilities		6		9
Ameriprise Financial [Member] | Recurring basis [Member] | Indexed annuity embedded derivatives [Member]
Liabilities
Policyholder account balances, future policy benefits and claims		52		46
Ameriprise Financial [Member] | Recurring basis [Member] | IUL embedded derivatives [Member]
Liabilities
Policyholder account balances, future policy benefits and claims		935		881
Ameriprise Financial [Member] | Recurring basis [Member] | GMWB and GMAB embedded derivatives [Member]
Liabilities
Policyholder account balances, future policy benefits and claims		2,316	[7]	763	[8]
Ameriprise Financial [Member] | Recurring basis [Member] | Structured annuity embedded derivatives [Member]
Liabilities
Policyholder account balances, future policy benefits and claims		70
Ameriprise Financial [Member] | Recurring basis [Member] | Corporate debt securities [Member]
Assets
Available-for-sale securities		13,674		12,187
Ameriprise Financial [Member] | Recurring basis [Member] | Residential mortgage backed securities [Member]
Assets
Available-for-sale securities		10,029		10,029
Ameriprise Financial [Member] | Recurring basis [Member] | Commercial mortgage backed securities [Member]
Assets
Available-for-sale securities		6,088		5,563
Ameriprise Financial [Member] | Recurring basis [Member] | Asset backed securities [Member]
Assets
Available-for-sale securities		3,329		2,006
Ameriprise Financial [Member] | Recurring basis [Member] | State and municipal obligations [Member]
Assets
Available-for-sale securities		1,384		1,367
Ameriprise Financial [Member] | Recurring basis [Member] | U.S. government and agencies obligations [Member]
Assets
Available-for-sale securities		1,456		1,680
Ameriprise Financial [Member] | Recurring basis [Member] | Foreign government bonds and obligations [Member]
Assets
Available-for-sale securities		262		271
Ameriprise Financial [Member] | Recurring basis [Member] | Other investments [Member]
Assets
Available-for-sale securities		61		26
Ameriprise Financial [Member] | Recurring basis [Member] | Level 1 [Member]
Assets
Cash equivalents		2,935		267
Available-for-sale securities		1,456		1,680
Equity securities				1
Trading securities		61		12
Investments and cash equivalents segregated for regulatory purposes		600		14
Other assets		410		163
Total assets at fair value		5,462		2,137
Liabilities
Other liabilities		187		43
Total liabilities at fair value		187		43
Ameriprise Financial [Member] | Recurring basis [Member] | Level 1 [Member] | Other liabilities [Member]
Liabilities
Other liabilities		2		6
Ameriprise Financial [Member] | Recurring basis [Member] | Level 1 [Member] | Interest rate derivative contracts [Member]
Assets
Other assets		1
Ameriprise Financial [Member] | Recurring basis [Member] | Level 1 [Member] | Equity derivate dontracts [Member]
Assets
Other assets		408		162
Liabilities
Other liabilities		183		36
Ameriprise Financial [Member] | Recurring basis [Member] | Level 1 [Member] | Foreign exchange derivative contracts [Member]
Assets
Other assets		1		1
Liabilities
Other liabilities		2		1
Ameriprise Financial [Member] | Recurring basis [Member] | Level 1 [Member] | U.S. government and agencies obligations [Member]
Assets
Available-for-sale securities		1,456		1,680
Ameriprise Financial [Member] | Recurring basis [Member] | Level 2 [Member]
Assets
Cash equivalents		2,506		2,924
Available-for-sale securities		34,014		30,663
Trading securities		27		26
Other assets		5,460		4,198
Total assets at fair value		42,007		37,811
Liabilities
Policyholder account balances, future policy benefits and claims		3		3
Customer deposits		8		14
Other liabilities		4,130		3,492
Total liabilities at fair value		4,141		3,509
Ameriprise Financial [Member] | Recurring basis [Member] | Level 2 [Member] | Other liabilities [Member]
Liabilities
Other liabilities		3		4
Ameriprise Financial [Member] | Recurring basis [Member] | Level 2 [Member] | Interest rate derivative contracts [Member]
Assets
Other assets		1,754		1,455
Liabilities
Other liabilities		734		418
Ameriprise Financial [Member] | Recurring basis [Member] | Level 2 [Member] | Equity derivate dontracts [Member]
Assets
Other assets		3,682		2,722
Liabilities
Other liabilities		3,388		3,062
Ameriprise Financial [Member] | Recurring basis [Member] | Level 2 [Member] | Credit Risk Contract [Member]
Assets
Other assets		2		4
Liabilities
Other liabilities		1
Ameriprise Financial [Member] | Recurring basis [Member] | Level 2 [Member] | Foreign exchange derivative contracts [Member]
Assets
Other assets		22		17
Liabilities
Other liabilities		4		8
Ameriprise Financial [Member] | Recurring basis [Member] | Level 2 [Member] | Indexed annuity embedded derivatives [Member]
Liabilities
Policyholder account balances, future policy benefits and claims		3		3
Ameriprise Financial [Member] | Recurring basis [Member] | Level 2 [Member] | Corporate debt securities [Member]
Assets
Available-for-sale securities		12,902		11,437
Ameriprise Financial [Member] | Recurring basis [Member] | Level 2 [Member] | Residential mortgage backed securities [Member]
Assets
Available-for-sale securities		10,020		10,012
Ameriprise Financial [Member] | Recurring basis [Member] | Level 2 [Member] | Commercial mortgage backed securities [Member]
Assets
Available-for-sale securities		6,088		5,563
Ameriprise Financial [Member] | Recurring basis [Member] | Level 2 [Member] | Asset backed securities [Member]
Assets
Available-for-sale securities		3,297		1,987
Ameriprise Financial [Member] | Recurring basis [Member] | Level 2 [Member] | State and municipal obligations [Member]
Assets
Available-for-sale securities		1,384		1,367
Ameriprise Financial [Member] | Recurring basis [Member] | Level 2 [Member] | Foreign government bonds and obligations [Member]
Assets
Available-for-sale securities		262		271
Ameriprise Financial [Member] | Recurring basis [Member] | Level 2 [Member] | Other investments [Member]
Assets
Available-for-sale securities		61		26
Ameriprise Financial [Member] | Recurring basis [Member] | Level 3 [Member]
Assets
Available-for-sale securities		813		786
Total assets at fair value		813		786
Liabilities
Policyholder account balances, future policy benefits and claims		3,370		1,687
Other liabilities		43		44
Total liabilities at fair value		3,413		1,731
Ameriprise Financial [Member] | Recurring basis [Member] | Level 3 [Member] | Other liabilities [Member]
Liabilities
Other liabilities		43		44
Ameriprise Financial [Member] | Recurring basis [Member] | Level 3 [Member] | Indexed annuity embedded derivatives [Member]
Liabilities
Policyholder account balances, future policy benefits and claims		49
Ameriprise Financial [Member] | Recurring basis [Member] | Level 3 [Member] | IUL embedded derivatives [Member]
Liabilities
Policyholder account balances, future policy benefits and claims		935
Ameriprise Financial [Member] | Recurring basis [Member] | Level 3 [Member] | GMWB and GMAB embedded derivatives [Member]
Liabilities
Policyholder account balances, future policy benefits and claims		2,316
Ameriprise Financial [Member] | Recurring basis [Member] | Level 3 [Member] | Structured annuity embedded derivatives [Member]
Liabilities
Policyholder account balances, future policy benefits and claims		70
Ameriprise Financial [Member] | Recurring basis [Member] | Level 3 [Member] | Corporate debt securities [Member]
Assets
Available-for-sale securities		772		750
Ameriprise Financial [Member] | Recurring basis [Member] | Level 3 [Member] | Residential mortgage backed securities [Member]
Assets
Available-for-sale securities		9		17
Ameriprise Financial [Member] | Recurring basis [Member] | Level 3 [Member] | Asset backed securities [Member]
Assets
Available-for-sale securities		$ 32		$ 19
[1]	The fair value of freestanding derivative liabilities is included in Other liabilities on the Consolidated Balance Sheets. The fair value of GMWB and GMAB, IUL, and fixed deferred indexed annuity and structured variable annuity embedded derivatives is included in Policyholder account balances, future policy benefits and claims on the Consolidated Balance Sheets. The fair value of the SMC embedded derivative liability is included in Customer deposits on the Consolidated Balance Sheets.
[2]	The fair value of the Company’s derivative liabilities after considering the effects of master netting arrangements, cash collateral held by the same counterparty and the fair value of net embedded derivatives was $3.7 billion and $2.3 billion as of December 31, 2020 and 2019, respectively. See Note 16 for additional information related to master netting arrangements and cash collateral.
[3]	The fair value of freestanding derivative assets is included in Other assets on the Consolidated Balance Sheets.
[4]	Amounts are comprised of certain 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.
[5]	The Company’s adjustment for nonperformance risk resulted in a $727 million cumulative decrease to the embedded derivatives as of December 31, 2020.
[6]	The Company’s adjustment for nonperformance risk resulted in a $502 million cumulative decrease to the embedded derivatives as of December 31, 2019 .
[7]	The fair value of the GMWB and GMAB embedded derivatives included $2.4 billion of individual contracts in a liability position and $67 million of individual contracts in an asset position (recorded as a contra liability) as of December 31, 2020.
[8]	The fair value of the GMWB and GMAB embedded derivatives included $981 million of individual contracts in a liability position and $218 million of individual contracts in an asset position (recorded as a contra liability) as of December 31, 2019.

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities Fair Value of Assets and Liabilities (Level 3 rollforwards-Assets) (Details) - Ameriprise Financial [Member] - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Corporate debt securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, at the beginning of the period		$ 750	$ 913	$ 1,139
Total gains (losses) included in net income		(1)	(1)	(1)
Total gains (losses) included in other comprehensive income (loss)		15	31	(26)
Purchases		62	55	15
Settlements		(54)	(248)	(214)
Balance, at the end of the period		772	750	913
Changes in unrealized gains (losses) included in income relating to assets held at end of period		(1)	(1)	(1)
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period		16
Residential mortgage backed securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, at the beginning of the period		17	136	155
Total gains (losses) included in other comprehensive income (loss)		1		1
Purchases		220	477	70
Settlements			(12)	(29)
Transfers out of Level 3		(229)	(584)	(61)
Balance, at the end of the period		9	17	136
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period		1
Commercial mortgage backed securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, at the beginning of the period		0	20	0
Purchases				72
Transfers out of Level 3			(20)	(52)
Balance, at the end of the period			0	20
Asset backed securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, at the beginning of the period		19	6	7
Total gains (losses) included in other comprehensive income (loss)		(1)	(1)	1
Purchases			18	32
Settlements				(1)
Transfers into Level 3		14	14	2
Transfers out of Level 3			(18)	(35)
Balance, at the end of the period		32	19	6
Changes in unrealized gains (losses) included in income relating to assets held at end of period		(1)
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period		(1)
Total available-for-sale securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, at the beginning of the period		786	1,075	1,301
Total gains (losses) included in net income	[1]	(1)	(1)	(1)
Total gains (losses) included in other comprehensive income (loss)		15	30	(24)
Purchases		282	550	189
Settlements		(54)	(260)	(244)
Transfers into Level 3		14	14	2
Transfers out of Level 3		(229)	(622)	(148)
Balance, at the end of the period		813	786	1,075
Changes in unrealized gains (losses) included in income relating to assets held at end of period	[1]	(2)	(1)	(1)
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period		$ 16
Other derivative contracts [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, at the beginning of the period			$ 0	0
Total gains (losses) included in net income	[2]			(3)
Purchases				3
Balance, at the end of the period				$ 0
[1]	Included in net investment income in the Consolidated Statements of Operations.
[2]	Included in benefits, claims, losses and settlement expenses in the Consolidated Statements of Operations.

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities Fair Value of Assets and Liabilities (Level 3 rollforwards-Liabilities) (Details) - Ameriprise Financial [Member] - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net		$ 196	$ (190)	$ 281
Indexed annuity embedded derivatives [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, at the beginning of the period		43	14	0
Total gains (losses) included in net income	[1]	4	8	(3)
Issues		3	21	17
Settlements		(1)
Balance, at the end of the period		49	43	14
IUL embedded derivatives [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, at the beginning of the period		881	628	601
Total gains (losses) included in net income	[1]	76	209	(9)
Issues		61	113	90
Settlements		(83)	(69)	(54)
Balance, at the end of the period		935	881	628
Changes in unrealized gains/ (losses) included in income relating to liabilities held at end of period	[1]	76	209	(9)
GMWB and GMAB embedded derivatives [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, at the beginning of the period		763	328	(49)
Total gains (losses) included in net income	[2]	1,152	80	49
Issues		362	361	350
Settlements		39	(6)	(22)
Balance, at the end of the period		2,316	763	328
Changes in unrealized gains/ (losses) included in income relating to liabilities held at end of period	[2]	1,206	82	47
Structured annuity embedded derivatives [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, at the beginning of the period		0
Total gains (losses) included in net income	[2]	(91)
Issues		(21)
Balance, at the end of the period		70	0
Policyholder account balances, future policy benefits and claims [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, at the beginning of the period		1,687	970	552
Total gains (losses) included in net income		1,323	297	37
Issues		405	495	457
Settlements		(45)	(75)	(76)
Balance, at the end of the period		3,370	1,687	970
Changes in unrealized gains/ (losses) included in income relating to liabilities held at end of period		1,282	291	38
Contingent Consideration Liability [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance, at the beginning of the period		44	30	28
Total gains (losses) included in net income	[3]	(12)	(3)	2
Issues		20	18
Settlements		(9)	1
Balance, at the end of the period		$ 43	$ 44	$ 30
[1]	Included in interest credited to fixed accounts in the Consolidated Statements of Operations.
[2]	Included in benefits, claims, losses and settlement expenses in the Consolidated Statements of Operations.
[3]	Included in general and administrative expense in the Consolidated Statements of Operations.

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities Fair Value of Assets and Liabilities (Unobservable Inputs) (Details) - Ameriprise Financial [Member] - Fair Value, Inputs, Level 3 [Member] - Valuation Technique, Discounted Cash Flow [Member] $ in Millions		Dec. 31, 2020USD ($)		Dec. 31, 2019USD ($)
Corporate debt securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-sale		$ 772		$ 749
Asset-backed Securities [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure		$ 3		$ 5
Asset-backed Securities [Member] | Probability of default, Short-term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input				0.033
Asset-backed Securities [Member] | Probability of default, Long-term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input				0.030
Asset-backed Securities [Member] | Discount Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input		0.130		0.120
Asset-backed Securities [Member] | Prepayment Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input		0.100
Asset-backed Securities [Member] | Loss Severity [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input		0.636
IUL embedded derivatives [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net		$ 935		$ 881
IUL embedded derivatives [Member] | Nonperformance Risk [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input	[1]	0.65		0.65
Indexed annuity embedded derivatives [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net		$ 49		$ 43
Indexed annuity embedded derivatives [Member] | Nonperformance Risk [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input	[1]	0.65		0.65
GMWB and GMAB embedded derivatives [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net		$ 2,316		$ 763
GMWB and GMAB embedded derivatives [Member] | Nonperformance Risk [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input	[1]	0.65		0.65
Structured annuity embedded derivatives [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net		$ 70
Structured annuity embedded derivatives [Member] | Nonperformance Risk [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input	[1]	0.65
Contingent Consideration Liability [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Liabilities at fair value		$ 43		$ 44
Contingent Consideration Liability [Member] | Discount Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Liabilities, Fair Value Disclosure, Measurement input				9.00%
Minimum [Member] | Corporate debt securities [Member] | Yield and Spread to Treasury [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-sale, Measurement Input		0.010		0.008
Minimum [Member] | Asset-backed Securities [Member] | Probability of default, Short-term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input		0.029
Minimum [Member] | Asset-backed Securities [Member] | Probability of default, Long-term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input		0.035
Minimum [Member] | Asset-backed Securities [Member] | Prepayment Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input				0.050
Minimum [Member] | Asset-backed Securities [Member] | Loss Severity [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input				0.364
Minimum [Member] | Indexed annuity embedded derivatives [Member] | Surrender Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input		0		0
Minimum [Member] | GMWB and GMAB embedded derivatives [Member] | Surrender Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input		0.001		0.001
Minimum [Member] | GMWB and GMAB embedded derivatives [Member] | Utilization of Guaranteed Withdrawals [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input	[2]	0		0
Minimum [Member] | GMWB and GMAB embedded derivatives [Member] | Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input	[3]	0.043		0.037
Minimum [Member] | Structured annuity embedded derivatives [Member] | Surrender Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input		0.008
Minimum [Member] | Contingent Consideration Liability [Member] | Discount Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Liabilities, Fair Value Disclosure, Measurement input		0.00%
Maximum [Member] | Corporate debt securities [Member] | Yield and Spread to Treasury [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-sale, Measurement Input		0.033		0.028
Maximum [Member] | Asset-backed Securities [Member] | Probability of default, Short-term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input		0.030
Maximum [Member] | Asset-backed Securities [Member] | Probability of default, Long-term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input		0.045
Maximum [Member] | Asset-backed Securities [Member] | Prepayment Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input				0.100
Maximum [Member] | Asset-backed Securities [Member] | Loss Severity [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input				0.636
Maximum [Member] | Indexed annuity embedded derivatives [Member] | Surrender Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input		0.500		0.500
Maximum [Member] | GMWB and GMAB embedded derivatives [Member] | Surrender Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input		0.735		0.735
Maximum [Member] | GMWB and GMAB embedded derivatives [Member] | Utilization of Guaranteed Withdrawals [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input	[2]	0.480		0.360
Maximum [Member] | GMWB and GMAB embedded derivatives [Member] | Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input	[3]	0.171		0.159
Maximum [Member] | Structured annuity embedded derivatives [Member] | Surrender Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input		0.400
Maximum [Member] | Contingent Consideration Liability [Member] | Discount Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Liabilities, Fair Value Disclosure, Measurement input		9.00%
Weighted Average [Member] | Corporate debt securities [Member] | Yield and Spread to Treasury [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-sale, Measurement Input		0.015	[4]	0.012
Weighted Average [Member] | Asset-backed Securities [Member] | Probability of default, Short-term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input	[5]	0.029
Weighted Average [Member] | Asset-backed Securities [Member] | Probability of default, Long-term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input	[5]	0.038
Weighted Average [Member] | Asset-backed Securities [Member] | Discount Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input		0.130
Weighted Average [Member] | Asset-backed Securities [Member] | Prepayment Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input		0.100		0.100
Weighted Average [Member] | Asset-backed Securities [Member] | Loss Severity [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, Fair Value Disclosure, Measurement Input		0.636		0.636
Weighted Average [Member] | IUL embedded derivatives [Member] | Nonperformance Risk [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input	[1]	0.65
Weighted Average [Member] | Indexed annuity embedded derivatives [Member] | Nonperformance Risk [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input	[1]	0.65
Weighted Average [Member] | Indexed annuity embedded derivatives [Member] | Surrender Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input	[6]	0.012
Weighted Average [Member] | GMWB and GMAB embedded derivatives [Member] | Nonperformance Risk [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input	[1]	0.65
Weighted Average [Member] | GMWB and GMAB embedded derivatives [Member] | Surrender Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input	[6]	0.038
Weighted Average [Member] | GMWB and GMAB embedded derivatives [Member] | Utilization of Guaranteed Withdrawals [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input	[2],[7]	0.106
Weighted Average [Member] | GMWB and GMAB embedded derivatives [Member] | Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input	[3],[8]	0.110
Weighted Average [Member] | Structured annuity embedded derivatives [Member] | Nonperformance Risk [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input	[1]	0.65
Weighted Average [Member] | Structured annuity embedded derivatives [Member] | Surrender Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset (Liability) Net, Measurement Input	[6]	0.009
Weighted Average [Member] | Contingent Consideration Liability [Member] | Discount Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Liabilities, Fair Value Disclosure, Measurement input	[9]	3.10%
[1]	The nonperformance risk is the spread added to the observable interest rates used in the valuation of the embedded derivatives.
[2]	The utilization of guaranteed withdrawals represents the percentage of contractholders that will begin withdrawing in any given year.
[3]	Market volatility is implied volatility of fund of funds and managed volatility funds.
[4]	The weighted average for the 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.
[5]	The weighted average annual default rates of asset backed securities is weighted based on the security’s market value as a percentage of the aggregate market value of the securities.
[6]	The weighted average surrender rate is weighted based on the benefit base of each contract and represents the average assumption in the current year including the effect of a dynamic surrender formula.
[7]	The weighted average utilization rate represents the average assumption for the current year, weighting each policy evenly. The calculation excludes policies that have already started taking withdrawals.
[8]	The weighted average market volatility represents the average volatility across all contracts, weighted by the size of the guaranteed benefit.
[9]	The weighted average discount rate represents the average discount rate across all contingent consideration liabilities, weighted based on the size of the contingent consideration liability.

Fair Value of Assets and Liab_6

Fair Value of Assets and Liabilities Fair Value of Assets & Liabilities (Non-Recurring) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Nonconsolidated VIEs [Member] | Affordable housing partnerships and other real estate partnerships [Member] | Nonrecurring basis [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment fair value	$ 101	$ 158

Fair Value of Assets and Liab_7

Fair Value of Assets and Liabilities Fair Value of Assets and Liabilities (Financial Instruments not at FV) (Details) - USD ($) $ in Millions		Dec. 31, 2020	Dec. 31, 2019
Financial Liabilities
Separate account liabilities - investment contracts		$ 92,611	$ 87,488
Ameriprise Financial [Member]
Financial Liabilities
Investment certificate reserves		6,750	7,501
Separate account liabilities - investment contracts		92,611	87,488
Ameriprise Financial [Member] | Carrying value [Member]
Financial Assets
Mortgage Loans, Net		2,718	2,778
Policy and certificate loans		846	868
Receivables		3,563	3,168
Restricted and segregated cash		1,958	2,372
Other investments and assets		732	671
Financial Liabilities
Policyholder account balances, future policy benefits and claims		9,990	9,110
Investment certificate reserves		6,752	7,508
Banking and brokerage deposits		10,891	6,929
Separate account liabilities - investment contracts		5,406	5,403
Debt and other liabilities		3,214	3,374
Recurring basis [Member] | Ameriprise Financial [Member]
Financial Assets
Mortgage Loans, Net		2,874	2,833
Policy and certificate loans	[1]	846	868
Receivables		3,803	3,265
Restricted and segregated cash		1,958	2,372
Other investments and assets		734	672
Financial Liabilities
Policyholder account balances, future policy benefits and claims		11,686	10,061
Investment certificate reserves		6,752	7,497
Banking and brokerage deposits		10,891	6,929
Separate account liabilities - investment contracts		5,406	5,403
Debt and other liabilities		3,469	3,497
Recurring basis [Member] | Ameriprise Financial [Member] | Level 1 [Member]
Financial Assets
Receivables		147	102
Restricted and segregated cash		1,958	2,372
Financial Liabilities
Banking and brokerage deposits		10,891	6,929
Debt and other liabilities		205	104
Recurring basis [Member] | Ameriprise Financial [Member] | Level 2 [Member]
Financial Assets
Mortgage Loans, Net		22
Policy and certificate loans	[1]	846	868
Receivables		1,258	934
Other investments and assets		672	626
Financial Liabilities
Separate account liabilities - investment contracts		5,406	5,403
Debt and other liabilities		3,253	3,372
Recurring basis [Member] | Ameriprise Financial [Member] | Level 3 [Member]
Financial Assets
Mortgage Loans, Net		2,852	2,833
Receivables		2,398	2,229
Other investments and assets		62	46
Financial Liabilities
Policyholder account balances, future policy benefits and claims		11,686	10,061
Investment certificate reserves		6,752	7,497
Debt and other liabilities		$ 11	$ 21
[1]	During the third quarter of 2020, management changed the fair value methodology for policy loans from estimating future expected cash flows and discounting the cash flows at a rate based on the U.S. Treasury curve to using the carrying value as an approximation of fair value as the policy loans are fully collateralized by the cash surrender value of the underlying policies. As a result, policy loans were reclassified from Level 3 to Level 2 in the valuation hierarchy. For comparability and consistency purposes, prior period amounts were revised to reflect the current methodology and classification.

Offsetting Assets and Liabili_3

Offsetting Assets and Liabilities (Assets Subject to Netting) (Details) - USD ($) $ in Millions		Dec. 31, 2020	Dec. 31, 2019
Derivatives: [Abstract]
Gross fair value of assets	[1]	$ 5,870	$ 4,361
Securities borrowed [Abstract]
Gross amounts of recognized assets		147	102
Gross amounts not offset in the consolidated balance sheets [Abstract]
Financial instruments	[2]	(43)	(14)
Securities collateral		(103)	(85)
Net amount		1	3
Total [Abstract]
Gross amounts of recognized assets		6,017	4,463
Gross amounts not offset in the consolidated balance sheets [Abstract]
Financial instruments	[2]	(4,021)	(2,973)
Cash collateral		(1,452)	(1,244)
Securities collateral		(418)	(158)
Net amount		126	88
OTC [Member]
Derivatives: [Abstract]
Gross fair value of assets		5,501	4,258
Gross amounts not offset in the consolidated balance sheets [Abstract]
Financial instruments	[2]	(3,862)	(2,933)
Cash collateral		(1,287)	(1,244)
Securities collateral		(315)	(73)
Net amount		37	8
OTC cleared [Member]
Derivatives: [Abstract]
Gross fair value of assets		58	21
Gross amounts not offset in the consolidated balance sheets [Abstract]
Financial instruments	[2]	(25)	(21)
Net amount		33
Exchange-traded [Member]
Derivatives: [Abstract]
Gross fair value of assets		311	82
Gross amounts not offset in the consolidated balance sheets [Abstract]
Financial instruments	[2]	(91)	(5)
Cash collateral		(165)
Net amount		55	77
Total derivatives [Member]
Derivatives: [Abstract]
Gross fair value of assets		5,870	4,361
Gross amounts not offset in the consolidated balance sheets [Abstract]
Financial instruments	[2]	(3,978)	(2,959)
Cash collateral		(1,452)	(1,244)
Securities collateral		(315)	(73)
Net amount		$ 125	$ 85
[1]	The fair value of freestanding derivative assets is included in Other assets on the Consolidated Balance Sheets.
[2]	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.

Offsetting Assets and Liabili_4

Offsetting Assets and Liabilities (Details 2) - USD ($) $ in Millions		Dec. 31, 2020	Dec. 31, 2019
Derivatives [Abstract]
Gross fair value of liabilities	[1],[2]	$ 7,693	$ 5,229
Securities loaned [Abstract]
Gross amounts of recognized liabilities		205	104
Gross amounts not offset in the consolidated balance sheets [Abstract]
Financial instruments	[3]	(43)	(14)
Securities collateral		(157)	(87)
Net amount		5	3
Total [Abstract]
Gross amounts of recognized liabilities		4,517	3,629
Gross amounts not offset in the consolidated balance sheets [Abstract]
Financial instruments	[3]	(4,021)	(2,973)
Cash collateral		(1)
Securities collateral		(484)	(627)
Net amount		11	29
OTC [Member]
Derivatives [Abstract]
Gross fair value of liabilities		4,192	3,473
Gross amounts not offset in the consolidated balance sheets [Abstract]
Financial instruments	[3]	(3,862)	(2,933)
Cash collateral		(1)
Securities collateral		(327)	(540)
Net amount		2	0
OTC cleared [Member]
Derivatives [Abstract]
Gross fair value of liabilities		25	41
Gross amounts not offset in the consolidated balance sheets [Abstract]
Financial instruments	[3]	(25)	(21)
Net amount			20
Exchange-traded [Member]
Derivatives [Abstract]
Gross fair value of liabilities		95	11
Gross amounts not offset in the consolidated balance sheets [Abstract]
Financial instruments	[3]	(91)	(5)
Net amount		4	6
Total derivatives [Member]
Derivatives [Abstract]
Gross fair value of liabilities		4,312	3,525
Gross amounts not offset in the consolidated balance sheets [Abstract]
Financial instruments	[3]	(3,978)	(2,959)
Cash collateral		(1)
Securities collateral		(327)	(540)
Net amount		$ 6	$ 26
[1]	The fair value of freestanding derivative liabilities is included in Other liabilities on the Consolidated Balance Sheets. The fair value of GMWB and GMAB, IUL, and fixed deferred indexed annuity and structured variable annuity embedded derivatives is included in Policyholder account balances, future policy benefits and claims on the Consolidated Balance Sheets. The fair value of the SMC embedded derivative liability is included in Customer deposits on the Consolidated Balance Sheets.
[2]	The fair value of the Company’s derivative liabilities after considering the effects of master netting arrangements, cash collateral held by the same counterparty and the fair value of net embedded derivatives was $3.7 billion and $2.3 billion as of December 31, 2020 and 2019, respectively. See Note 16 for additional information related to master netting arrangements and cash collateral.
[3]	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_3

Derivatives and Hedging Activities (Balance Sheet) (Details) - USD ($) $ in Millions		Dec. 31, 2020		Dec. 31, 2019
Derivatives and Hedging Activities
Notional amount		$ 140,957		$ 125,200
Gross fair value of assets	[1]	5,870		4,361
Gross fair value of liabilities	[2],[3]	7,693		5,229
Derivative liability after application of master netting arrangements and cash collateral including embedded derivative liabilities		3,700		2,300
Fair value of investment securities received as collateral		325		84
Fair value of investment securities received as collateral that can be repledged		325		84
Fair value of investment securities received as collateral that were repledged		0
GMWB and GMAB embedded derivatives [Member]
Derivatives and Hedging Activities
Gross fair value of assets		67		218
Gross fair value of liabilities		2,400		981
GMWB and GMAB embedded derivatives [Member] | Policyholder account balances, future policy benefits and claims [Member]
Derivatives and Hedging Activities
Gross fair value of liabilities	[2],[3],[4]	2,316		763
IUL embedded derivatives [Member] | Policyholder account balances, future policy benefits and claims [Member]
Derivatives and Hedging Activities
Gross fair value of liabilities	[2],[3]	935		881
Indexed annuity embedded derivatives [Member] | Policyholder account balances, future policy benefits and claims [Member]
Derivatives and Hedging Activities
Gross fair value of liabilities	[2],[3]	52		46
Structured Annuity Embedded Derivatives | Policyholder account balances, future policy benefits and claims [Member]
Derivatives and Hedging Activities
Gross fair value of liabilities		70		0
SMC embedded derivatives [Member] | Customer deposits [Member]
Derivatives and Hedging Activities
Gross fair value of liabilities	[2],[3]	8		14
Total embedded derivatives [Member]
Derivatives and Hedging Activities
Gross fair value of liabilities	[2],[3]	3,381		1,704
Designated as Hedging Instruments [Member]
Derivatives and Hedging Activities
Notional amount		32		468
Designated as Hedging Instruments [Member] | Other assets [Member]
Derivatives and Hedging Activities
Gross fair value of assets	[1]	0		3
Designated as Hedging Instruments [Member] | Other liabilities [Member]
Derivatives and Hedging Activities
Gross fair value of liabilities	[2],[3]	2		3
Designated as Hedging Instruments [Member] | Interest rate contracts [Member]
Derivatives and Hedging Activities
Notional amount		0		375
Designated as Hedging Instruments [Member] | Interest rate contracts [Member] | Other assets [Member]
Derivatives and Hedging Activities
Gross fair value of assets	[1]	0		3
Designated as Hedging Instruments [Member] | Foreign exchange contracts [Member]
Derivatives and Hedging Activities
Notional amount		32		93
Designated as Hedging Instruments [Member] | Foreign exchange contracts [Member] | Other assets [Member]
Derivatives and Hedging Activities
Gross fair value of assets	[1]	0		0
Designated as Hedging Instruments [Member] | Foreign exchange contracts [Member] | Other liabilities [Member]
Derivatives and Hedging Activities
Gross fair value of liabilities	[2],[3]	2		3
Derivatives not designated as hedging instruments [Member]
Derivatives and Hedging Activities
Notional amount		140,925		124,732
Derivatives not designated as hedging instruments [Member] | Other assets [Member]
Derivatives and Hedging Activities
Gross fair value of assets	[1]	5,870		4,358
Derivatives not designated as hedging instruments [Member] | Other liabilities [Member]
Derivatives and Hedging Activities
Gross fair value of liabilities	[2],[3]	4,310		3,522
Derivatives not designated as hedging instruments [Member] | Interest rate contracts [Member]
Derivatives and Hedging Activities
Notional amount		77,951		57,979
Derivatives not designated as hedging instruments [Member] | Interest rate contracts [Member] | Other assets [Member]
Derivatives and Hedging Activities
Gross fair value of assets	[1]	1,755		1,452
Derivatives not designated as hedging instruments [Member] | Interest rate contracts [Member] | Other liabilities [Member]
Derivatives and Hedging Activities
Gross fair value of liabilities	[2],[3]	734		418
Derivatives not designated as hedging instruments [Member] | Equity contracts [Member]
Derivatives and Hedging Activities
Notional amount		57,254		61,921
Derivatives not designated as hedging instruments [Member] | Equity contracts [Member] | Other assets [Member]
Derivatives and Hedging Activities
Gross fair value of assets	[1]	4,090		2,884
Derivatives not designated as hedging instruments [Member] | Equity contracts [Member] | Other liabilities [Member]
Derivatives and Hedging Activities
Gross fair value of liabilities	[2],[3]	3,571		3,098
Derivatives not designated as hedging instruments [Member] | Credit contracts [Member]
Derivatives and Hedging Activities
Notional amount		2,297		1,419
Derivatives not designated as hedging instruments [Member] | Credit contracts [Member] | Other assets [Member]
Derivatives and Hedging Activities
Gross fair value of assets		2	[1]	4
Derivatives not designated as hedging instruments [Member] | Credit contracts [Member] | Other liabilities [Member]
Derivatives and Hedging Activities
Gross fair value of liabilities	[2],[3]	1		0
Derivatives not designated as hedging instruments [Member] | Foreign exchange contracts [Member]
Derivatives and Hedging Activities
Notional amount		3,423		3,412
Derivatives not designated as hedging instruments [Member] | Foreign exchange contracts [Member] | Other assets [Member]
Derivatives and Hedging Activities
Gross fair value of assets	[1]	23		18
Derivatives not designated as hedging instruments [Member] | Foreign exchange contracts [Member] | Other liabilities [Member]
Derivatives and Hedging Activities
Gross fair value of liabilities	[2],[3]	4		6
Derivatives not designated as hedging instruments [Member] | Other contracts [Member]
Derivatives and Hedging Activities
Notional amount		$ 0		$ 1
[1]	The fair value of freestanding derivative assets is included in Other assets on the Consolidated Balance Sheets.
[2]	The fair value of freestanding derivative liabilities is included in Other liabilities on the Consolidated Balance Sheets. The fair value of GMWB and GMAB, IUL, and fixed deferred indexed annuity and structured variable annuity embedded derivatives is included in Policyholder account balances, future policy benefits and claims on the Consolidated Balance Sheets. The fair value of the SMC embedded derivative liability is included in Customer deposits on the Consolidated Balance Sheets.
[3]	The fair value of the Company’s derivative liabilities after considering the effects of master netting arrangements, cash collateral held by the same counterparty and the fair value of net embedded derivatives was $3.7 billion and $2.3 billion as of December 31, 2020 and 2019, respectively. See Note 16 for additional information related to master netting arrangements and cash collateral.
[4]	The fair value of the GMWB and GMAB embedded derivatives as of December 31, 2020 included $2.4 billion of individual contracts in a liability position and $67 million of individual contracts in an asset position. The fair value of the GMWB and GMAB embedded derivatives as of December 31, 2019 included $981 million of individual contracts in a liability position and $218 million of individual contracts in an asset position.

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities (Income Statement) (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Net investment income [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	$ (1)	$ (34)	$ 10
Net investment income [Member] | Derivatives not designated as hedging instruments [Member] | Interest rate contracts [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	(1)	(34)	12
Net investment income [Member] | Derivatives not designated as hedging instruments [Member] | Equity contracts [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	(1)	0	0
Net investment income [Member] | Derivatives not designated as hedging instruments [Member] | Foreign exchange contracts [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	1	0	(2)
Banking and deposit interest expense [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	0	2	0
Banking and deposit interest expense [Member] | SMC embedded derivatives [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	(1)	(9)	4
Banking and deposit interest expense [Member] | Indexed Annuity
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	0
Banking and deposit interest expense [Member] | Derivatives not designated as hedging instruments [Member] | Equity contracts [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	1	11	(4)
Distribution expenses [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	103	99	(42)
Distribution expenses [Member] | Derivatives not designated as hedging instruments [Member] | Interest rate contracts [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	2
Distribution expenses [Member] | Derivatives not designated as hedging instruments [Member] | Equity contracts [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	100	99	(42)
Distribution expenses [Member] | Derivatives not designated as hedging instruments [Member] | Credit contracts [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	1
Distribution expenses [Member] | Derivatives not designated as hedging instruments [Member] | Foreign exchange contracts [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income		0	0
Interest credited to fixed accounts [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	58	(31)	17
Interest credited to fixed accounts [Member] | IUL embedded derivatives [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	7	(140)	63
Interest credited to fixed accounts [Member] | Indexed annuity embedded derivatives [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	(4)	(8)
Interest credited to fixed accounts [Member] | Indexed Annuity
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income			3
Interest credited to fixed accounts [Member] | Derivatives not designated as hedging instruments [Member] | Equity contracts [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	55	117	(49)
Benefits, Claims, Losses and Settlement Expenses [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	(869)	(988)	(382)
Benefits, Claims, Losses and Settlement Expenses [Member] | GMWB and GMAB embedded derivatives [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	(1,553)	(435)	(377)
Benefits, Claims, Losses and Settlement Expenses [Member] | Indexed Annuity
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	(91)
Benefits, Claims, Losses and Settlement Expenses [Member] | Derivatives not designated as hedging instruments [Member] | Interest rate contracts [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	1,633	1,097	(312)
Benefits, Claims, Losses and Settlement Expenses [Member] | Derivatives not designated as hedging instruments [Member] | Equity contracts [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	(744)	(1,547)	302
Benefits, Claims, Losses and Settlement Expenses [Member] | Derivatives not designated as hedging instruments [Member] | Credit contracts [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	(106)	(73)	7
Benefits, Claims, Losses and Settlement Expenses [Member] | Derivatives not designated as hedging instruments [Member] | Foreign exchange contracts [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	(8)	(30)	1
Benefits, Claims, Losses and Settlement Expenses [Member] | Derivatives not designated as hedging instruments [Member] | Other contracts [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	0	0	(3)
General and administrative expense [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	25	15	(16)
General and administrative expense [Member] | Derivatives not designated as hedging instruments [Member] | Equity contracts [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	15	16	(7)
General and administrative expense [Member] | Derivatives not designated as hedging instruments [Member] | Foreign exchange contracts [Member]
Summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations
Amount of gain (loss) on derivatives recognized in Income	$ 10	$ (1)	$ (9)

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities (Option Pay/Rec) (Details 3) $ in Millions	Dec. 31, 2020USD ($)
Summary of Option Premiums Payable and Receivable [Line Items]
Premiums payable	$ 932
Premiums receivable	387
2021 [Member]
Summary of Option Premiums Payable and Receivable [Line Items]
Premiums payable	153
Premiums receivable	106
2022 [Member]
Summary of Option Premiums Payable and Receivable [Line Items]
Premiums payable	207
Premiums receivable	205
2023 [Member]
Summary of Option Premiums Payable and Receivable [Line Items]
Premiums payable	51
Premiums receivable	43
2024 [Member]
Summary of Option Premiums Payable and Receivable [Line Items]
Premiums payable	141
Premiums receivable	26
2025 [Member]
Summary of Option Premiums Payable and Receivable [Line Items]
Premiums payable	126
Premiums receivable	7
2026-2028 [Member]
Summary of Option Premiums Payable and Receivable [Line Items]
Premiums payable	254
Premiums receivable	$ 0

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities (Impact of Hedging Activity) (Details 4) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Derivative Instruments, Gain (Loss)
Interest and debt expense	$ 162,000,000	$ 214,000,000	$ 245,000,000
Derivatives liabilities, credit risk related contingent features
Aggregate fair value of all derivative instruments containing credit risk features	326,000,000	189,000,000
Aggregate fair value of assets posted as collateral	324,000,000	189,000,000
Additional collateral required to be posted	2,000,000	0
Cash flow hedges [Member]
Derivative Instruments, Gain (Loss)
Estimated reclassification of net pretax losses on cash flow hedges from accumulated other comprehensive income to earnings during the next 12 months	$ (500,000)
Longest period of time over which the entity hedges exposure to the variability in future cash flows	15 years
Fair value hedges [Member]
Derivative Instruments, Gain (Loss)
Interest and debt expense	$ 162,000,000	214,000,000
Net investment hedges [Member]
Derivative Instruments, Gain (Loss)
Gain (loss) on net investment hedge recorded in OCI	1,000,000
Interest rate contracts [Member] | Fair value hedges [Member]
Derivative Instruments, Gain (Loss)
Increase (Decrease) in Fair Value of Hedged Item in Interest Rate Fair Value Hedge	1,000,000	5,000,000
Increase (Decrease) in Fair Value of Interest Rate Fair Value Hedging Instruments	(1,000,000)	(5,000,000)
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	$ 1,000,000	$ 2,000,000

Leases Leases - Assets and Liab

Leases Leases - Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Assets and Liabilities, Lessee [Abstract]
Total lease assets	$ 259	$ 267
Operating lease liability	254	243
Finance lease liability	44	57
Total lease liabilities	298	300
Other assets [Member]
Assets and Liabilities, Lessee [Abstract]
Operating lease assets	215	215
Finance lease assets	44	52
Other liabilities [Member]
Assets and Liabilities, Lessee [Abstract]
Operating lease liability	254	243
Long-term debt [Member]
Assets and Liabilities, Lessee [Abstract]
Finance lease liability	$ 44	$ 57

Leases Lease Cost (Details)

Leases Lease Cost (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)
General and administrative expense [Member]
Operating lease costs	$ 57
Amortization of leased assets	10
Interest expense [Member]
Finance lease interest expense	$ 2

Leases Lease Liabilities Maturi

Leases Lease Liabilities Maturities (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2021	$ 64	$ 55
2022	51	50
2023	43	42
2024	32	35
2025	27	24
Thereafter	58	63
Total lease payments	275	269
Less: Interest	(21)	(26)
Total	$ 254	$ 243
Operating lease, weighted-average remaining lease term	5 years 9 months 18 days	6 years 1 month 6 days
Operating lease, weighted-average discount rate, percent	2.60%	3.00%
Finance Lease, Liability, Payment, Due [Abstract]
2021	$ 9	$ 14
2022	10	10
2023	10	10
2024	10	10
2025	9	10
Thereafter	0	9
Total lease payments	48	63
Less: Interest	(4)	(6)
Total	$ 44	$ 57
Finance lease, weighted-average remaining lease term	4 years 9 months 18 days	5 years 9 months 18 days
Finance lease, weighted-average discount rate, percent	3.40%	3.40%

Leases Cash Flow Information (D

Leases Cash Flow Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)
Lease, Cost [Abstract]
Operating cash flows from operating leases	$ 65
Operating cash flows from finance leases	2
Financing cash flows from finance leases	$ 12

Reorganizations (Details)

Reorganizations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Reorganizations [Abstract]
Proceeds from Divestiture of Businesses		$ 1,100
Proceeds from Divestiture of Businesses, Net of Cash Divested		1,000
Gain on disposal of business	$ 0	213	$ 0
Business Exit Costs		$ 100

Share-Based Compensation (Share

Share-Based Compensation (Share-Based Compensation Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 213	$ 188	$ 146
Tax benefit related to share-based compensation expense	45	40	31
Total unrecognized compensation cost related to non-vested awards	134
Stock option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	23	31	35
Restricted stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	24	22	24
Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	99	82	85
Liability awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 67	$ 53	$ 2

Share-Based Compensation (Stock

Share-Based Compensation (Stock Option Inputs) (Details 2) - Stock option [Member] - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield (as a percent)	2.50%	3.00%	2.30%
Expected volatility (as a percent)	27.00%	27.00%	24.00%
Risk-free interest rate (as a percent)	1.40%	2.40%	2.40%
Expected life of stock option	5 years	5 years	5 years
Weighted average grant date fair value for options granted (in dollars per share)	$ 31.53	$ 24.67	$ 35.01

Share-Based Compensation (Sto_2

Share-Based Compensation (Stock Option Activity) (Details 3) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Stock option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, at the beginning of the period (in shares)	6.3
Granted (in shares)	0.5
Exercised (in shares)	(2)
Outstanding, at the end of the period (in shares)	4.8	6.3
Exercisable (in shares)	3.1
Weighted average exercise price (in dollars per share)	$ 133.75	$ 122.12
Weighted average exercise price granted (in dollars per share)	165.44
Weighted average exercise price exercised (in dollars per share)	105.11
Weighted average exercise price exercisable (in dollars per share)	$ 125.70
Weighted average remaining contractual life of options outstanding	6 years 6 months	6 years 7 months 6 days
Weighted average remaining contractual life of options exercisable	5 years 6 months
Aggregate intrinsic value of options outstanding (in dollars)	$ 290	$ 292
Aggregate intrinsic value of options exercisable	213
Intrinsic value of options exercised	$ 139	$ 61	$ 58
Performance Shares [Member] | Franchise Advisor Deferral Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	12.5

Share-Based Compensation (Full

Share-Based Compensation (Full Value Share Award Activity) (Details 4) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of equity instruments other than options vested in period (in dollars)	$ 124	$ 107	$ 128
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Non-vested at beginning of the period (in shares)	1.2
Granted (in shares)	0.7
Deferred (in shares)	0.2
Vested (in shares)	(0.8)
Non-vested at end of the period (in shares)	1.3	1.2
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted average grant-date fair value, non-vested at the beginning of the period (in dollars per share)	$ 133.40
Weighted average grant-date fair value, granted during the period (in dollars per share)	157.92
Weighted average grant-date fair value, deferred during the period (in dollars per share)	145.06
Weighted average grant-date fair value, vested during the period (in dollars per share)	141.02
Weighted average grant-date fair value, non-vested at the end of the period (in dollars per share)	144.10	$ 133.40
Advisor deferral plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted average grant-date fair value, non-vested at the beginning of the period (in dollars per share)	136.81	144.37
Weighted average grant-date fair value, non-vested at the end of the period (in dollars per share)	$ 147.96	$ 136.81	$ 144.37

Share-Based Compensation Share-

Share-Based Compensation Share-Based Compensation (Performance Share Units Award Activity) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 144.10	$ 133.40
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement by Share Based Payment Award, Other than Options, Outstanding, Number	0.4	0.4	0.3
Value of shares settled	$ 34	$ 19	$ 16
RSA RSU and DSU awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 163.54	$ 129.30	$ 172.69

Shareholders' Equity Comprehens

Shareholders' Equity Comprehensive Income (Loss) (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Net unrealized securities gains, before tax [Abstract]
Net unrealized securities gains (losses) arising during the period before tax	[1]	$ 907	$ 1,404	$ (1,039)
Reclassification of net securities (gains) losses included in net income before tax	[2]	(11)	6	(9)
Impact of deferred acquisition costs, deferred sales inducement costs, unearned revenue, benefit reserves and reinsurance recoverables before tax		(379)	(688)	435
Net unrealized securities gains before tax		517	722	(613)
Net unrealized derivatives losses, before tax [Abstract]
Reclassification of net derivative losses included in net income before tax	[3]	(2)	(3)
Net unrealized derivatives losses before tax		(2)	(3)
Defined benefit plans, before tax [Abstract]
Prior service credit before tax		(2)	14
Net loss arising during the period before tax		(82)	(36)	(30)
Defined benefit plans before tax		(84)	(22)	(30)
Foreign currency translation before tax		32	18	(32)
Other Comprehensive Income (Loss), before Tax		463	715	(675)
Net unrealized securities gains, tax impact [Abstract]
Net unrealized securities (gains) losses arising during the period tax impact	[1]	(192)	(309)	237
Reclassification of net securities gains (losses) included in net income tax impact	[2]	2	(1)	2
Impact of deferred acquisition costs, deferred sales inducement costs, unearned revenue, benefit reserves and reinsurance recoverables tax impact		80	144	(91)
Net unrealized securities gains tax impact		(110)	(166)	148
Net unrealized derivatives losses, tax impact [Abstract]
Reclassification of net derivative losses included in net income tax impact	[3]	1	1
Net unrealized derivatives losses tax impact		1	1
Defined benefit plans, net of tax [Abstract]
Prior service credit tax impact		0	(3)
Net loss arising during the period tax		18	7	7
Defined benefit plans tax impact		18	4	7
Foreign currency translation tax impact		(5)	(1)	1
Other Comprehensive Income (Loss), Tax		(96)	(162)	156
Net unrealized securities gains, net of tax [Abstract]
Net unrealized securities gains (losses) arising during the period, net of tax	[1]	715	1,095	(802)
Reclassification of net securities (gains) losses included in net income net of tax	[2]	(9)	5	(7)
Impact of deferred acquisition costs, deferred sales inducement costs, unearned revenue, benefit reserves and reinsurance recoverables net of tax		(299)	(544)	344
Net unrealized securities gains net of tax		407	556	(465)
Net unrealized derivative losses, net of tax [Abstract]
Reclassification of net derivative losses included in net income net of tax	[3]	(1)	(2)
Net unrealized derivatives losses net of tax		(1)	(2)
Defined benefit plans, net of tax [Abstract]
Prior service credit net of tax		(2)	11
Net loss arising during the period net of tax		(64)	(29)	(23)
Defined benefit plans net of tax		(66)	(18)	(23)
Foreign currency translation net of tax		27	17	(31)
Total other comprehensive income (loss), net of tax		367	553	(519)
Interest expense [Member]
Amount of gain (loss) reclassified from accumulated other comprehensive income into income		1	2	2
Net investment income [Member]
Amount of gain (loss) reclassified from accumulated other comprehensive income into income		$ 0	$ 0	$ (2)
[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 investment income.
[3]	Includes a $1 million, $2 million and $2 million pretax gain reclassified to interest and debt expenses and nil, nil and $2 million pretax loss reclassified to net investment income for the years ended December 31, 2020, 2019 and 2018, respectively.

Shareholders' Equity AOCI Rollf

Shareholders' Equity AOCI Rollforward (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances		$ 5,729	$ 5,588	$ 5,995
Balances		5,867	5,729	5,588
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances		262	(291)	229
OCI before reclassifications		377	540	(525)
Amounts reclassified from AOCI		(10)	13	6
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent		367	553	(519)
Balances		629	262	(291)
Net unrealized securities gains [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances	[1]	576	20	486
OCI before reclassifications		416	551	(458)
Amounts reclassified from AOCI		(9)	5	(7)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent		407	556	(465)
Balances	[1]	983	576	20
Noncredit related impairments on AFS securities		0	1	1
Net unrealized derivatives losses [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances		6	8	8
Amounts reclassified from AOCI		(1)	(2)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent		(1)	(2)	0
Balances		5	6	8
Defined benefit plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances		(138)	(120)	(97)
OCI before reclassifications		(66)	(28)	(36)
Amounts reclassified from AOCI			10	13
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent		(66)	(18)	(23)
Balances		(204)	(138)	(120)
Foreign currency translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances		(181)	(198)	(167)
OCI before reclassifications		27	17	(31)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent		27	17	(31)
Balances		(154)	(181)	(198)
Accumulated Net Unrealized From Other Investment Gain Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances		(1)	(1)	(1)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent		0	0	0
Balances		$ (1)	$ (1)	(1)
Cumulative Effect, Period of Adoption, Adjustment [Member] | AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances				(1)
Cumulative Effect, Period of Adoption, Adjustment [Member] | Net unrealized securities gains [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balances				$ (1)
[1]	Includes nil, $1 million and $1 million of noncredit related impairments on securities and net unrealized gains (losses) on previously impaired securities as of December 31, 2020, 2019 and 2018, respectively.

Shareholders' Equity Changes in

Shareholders' Equity Changes in Stockholders' Equity (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Sep. 30, 2020
Stock repurchase program, authorized amount				$ 2,500
Remaining balance under stock repurchase program	$ 2,300
Number of shares reacquired through surrender of restricted shares	0.3	0.3	0.3
Value of shares reacquired through surrender of restricted shares	$ 52	$ 34	$ 44
Number of shares reacquired through net settlement of options	1.5	0.7	0.5
Aggregate value of shares reacquired through net settlement of options	$ 263	$ 106	$ 85
Treasury shares reissued for restricted stock award grants and Ameriprise Financial Franchise Advisor Deferred Compensation Plan	0.5	0.7	0.8
Open Market Share Repurchases [Member]
Repurchase of common shares (in shares)	8.4	13.4	11.3
Repurchase of common shares	$ 1,300	$ 1,900	$ 1,600

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended										12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020		Jun. 30, 2020		Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Numerator:
Net income	$ 177	$ (140)		$ (539)		$ 2,036	$ 463	$ 543	$ 492	$ 395	$ 1,534	$ 1,893	$ 2,098
Denominator:
Basic: Weighted-average common shares outstanding	120.9	123		125		126.4	129	132.7	136.1	138.8	123.8	134.1	145.6
Effect of potentially dilutive nonqualified stock options and other share-based awards (in shares)											1.9	1.9	2.1
Diluted: Weighted-average common shares outstanding	123.4	124.9		126.2		128.2	131.3	134.5	138	140.1	125.7	136	147.7
Earnings Per Share, Basic:
Net income (in dollars per basic share)	$ 1.46	$ (1.14)		$ (4.31)		$ 16.11	$ 3.59	$ 4.09	$ 3.61	$ 2.85	$ 12.39	$ 14.12	$ 14.41
Earnings Per Share, Diluted:
Net income (in dollars per diluted share)	$ 1.43	$ (1.14)	[1]	$ (4.31)	[1]	$ 15.88	$ 3.53	$ 4.04	$ 3.57	$ 2.82	$ 12.20	$ 13.92	$ 14.20
Effect of potentially dilutive nonqualified stock options and other share-based awards (in shares)											0	1	3.2
[1]	Diluted shares used in this calculation represent basic shares due to the net loss. Using actual diluted shares would result in anti-dilution.

Regulatory Requirements (Narrat

Regulatory Requirements (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Regulatory Requirements
Aggregate amount of unrestricted net assets	$ 3,100
RiverSource Life [Member]
Regulatory Requirements
Statutory unassigned surplus	1,300	$ 326
Statutory capital and surplus	4,800	2,900
Government debt securities on deposit with states as required by law	4
Ameriprise Certificate Company [Member]
Regulatory Requirements
Requirement of qualified assets under Investment Company Act of 1940	6,800	7,500
Actual amount of qualified assets	7,200	8,000
Ameriprise Certificate Company [Member] | Ameriprise Financial, Inc
Regulatory Requirements
Maximum commitment under Capital Support Agreement	$ 50	$ 50	$ 50

Regulatory Requirements (Table)

Regulatory Requirements (Table) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Banking Regulation, Common Equity Tier One Risk-Based Capital, Actual	$ 657	$ 300
Banking Regulation, Tier One Risk-Based Capital, Actual	657	300
Banking Regulation, Total Capital, Actual	658	300
Banking Regulation, Tier One Leverage Capital, Actual	$ 657	$ 300
Banking Regulation, Common Equity Tier One Risk-Based Capital Ratio, Actual	12.08%	16.64%
Banking Regulation, Tier One Leverage Capital Ratio, Actual	12.08%	16.64%
Banking Regulation, Total Risk-Based Capital Ratio, Actual	12.10%	16.66%
Banking Regulation, Excess Tier One Leverage Capital Ratio, Actual	8.36%	8.75%
Banking Regulation, Common Equity Tier One Risk-Based Capital, Capital Adequacy, Minimum	$ 245	$ 81
Banking Regulation, Tier One Risk-Based Capital, Capital Adequacy, Minimum	326	108
Banking Regulation, Total Risk-Based Capital, Capital Adequacy, Minimum	435	144
Banking Regulation, Tier One Leverage Capital, Capital Adequacy, Minimum	$ 314	$ 137
Banking Regulation, Common Equity Tier One Risk-Based Capital Ratio, Capital Adequacy, Minimum	4.50%	4.50%
Banking Regulation, Tier One Risk-Based Capital Ratio, Capital Adequacy, Minimum	6.00%	6.00%
Banking Regulation, Total Risk-Based Capital Ratio, Capital Adequacy, Minimum	8.00%	8.00%
Banking Regulation, Tier One Leverage Capital Ratio, Capital Adequacy, Minimum	4.00%	4.00%
Banking Regulation, Common Equity Tier One Risk-Based Capital, Well Capitalized, Minimum	$ 353	$ 117
Banking Regulation, Tier One Risk-Based Capital, Well Capitalized, Minimum	435	144
Banking Regulation, Total Risk-Based Capital, Well Capitalized, Minimum	543	180
Banking Regulation, Tier One Leverage Capital, Well Capitalized, Minimum	$ 393	$ 171
Banking Regulation, Common Equity Tier One Risk-Based Capital Ratio, Well Capitalized, Minimum	6.50%	6.50%
Banking Regulation, Tier One Risk-Based Capital Ratio, Well Capitalized, Minimum	8.00%	8.00%
Banking Regulation, Total Risk-Based Capital Ratio, Well Capitalized, Minimum	10.00%	10.00%
Banking Regulation, Tier One Leverage Capital Ratio, Well Capitalized, Minimum	5.00%	5.00%
Net capital as a percent of aggregate debit items
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Ameriprise Enterprise Investment Services Inc., percentage	9.51%	12.08%
Net capital
Statutory Accounting Practices [Line Items]
Ameriprise Enterprise Investment Services Inc.	$ 122	$ 133
Ameriprise Financial Services, Inc.	134	94
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Ameriprise Financial Services, Inc.	134	94
Ameriprise Enterprise Investment Services Inc.	122	133
Required Net Capital
Statutory Accounting Practices [Line Items]
Ameriprise Enterprise Investment Services Inc.	25	22
Ameriprise Financial Services, Inc.	0	0
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Ameriprise Financial Services, Inc.	0	0
Ameriprise Enterprise Investment Services Inc.	25	22
Excess Net Capital
Statutory Accounting Practices [Line Items]
Ameriprise Enterprise Investment Services Inc.	97	111
Ameriprise Financial Services, Inc.	134	94
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Ameriprise Financial Services, Inc.	134	94
Ameriprise Enterprise Investment Services Inc.	97	111
RiverSource Life [Member]
Statutory Accounting Practices [Line Items]
Statutory net gain from operations	1,393	1,505	$ 1,686
Statutory net income (loss)	$ 1,582	$ 786	$ 1,628

Income Taxes (Income Tax Compon

Income Taxes (Income Tax Components) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current income tax:
Federal	$ 527	$ 531	$ 275
State and local	63	80	45
Foreign	28	36	41
Total current income tax	618	647	361
Deferred income tax:
Federal	(309)	(297)	20
State and local	(16)	(13)	2
Foreign	4	2	3
Total deferred income tax	(321)	(308)	25
Total income tax provision	$ 297	$ 339	386
Final adjustment related to Tax Act			$ 3

Income Taxes (Geographic Source

Income Taxes (Geographic Sources) (Details 1) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Geographic sources of pretax income
United States	$ 1,685	$ 2,045	$ 2,263
Foreign	146	187	221
Income from continuing operations before income tax provision	$ 1,831	$ 2,232	$ 2,484

Income Taxes (Reconciliation of

Income Taxes (Reconciliation of Income Tax Provision) (Details 2)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Reconciliation of the income tax provision
Tax at U.S. statutory rate (as a percent)	21.00%	21.00%	21.00%
Changes in taxes resulting from:
Low income housing tax credit (as a percent)	(4.30%)	(3.60%)	(3.20%)
State taxes, net of federal benefit (as a percent)	2.10%	2.40%	1.50%
Dividend received deduction (as a percent)	(2.10%)	(1.80%)	(1.60%)
Incentive compensation (as a percent)	(1.40%)	0.00%	0.00%
Foreign tax credits, net of addback (as a percent)	0.00%	(2.20%)	(1.10%)
Other, net (as a percent)	0.90%	(0.60%)	(1.10%)
Income tax provision (as a percent)	16.20%	15.20%	15.50%

Income Taxes (Deferred Income T

Income Taxes (Deferred Income Tax Assets and Liabilities) (Details 3) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Deferred income tax assets:
Liabilities for policyholder account balances, future policy benefits and claims	$ 1,618	$ 945
Deferred compensation	493	406
Postretirement benefits	65	45
Deferred Tax Assets Right of Use Lease Liability	60	59
Investment related	0	188
Other	51	47
Gross deferred income tax assets	2,287	1,690
Less: Valuation allowance	15	19
Total deferred income tax assets	2,272	1,671
Deferred income tax liabilities:
Deferred acquisition costs	435	456
Net unrealized gains on Available-for-Sale securities	295	186
Deferred Tax Liabilities, Investments	253	0
Intangible assets	124	115
Depreciation expense	99	94
Goodwill	70	64
Deferred Tax Liabilities Right of Use Lease Asset	54	54
Deferred sales inducement costs	44	50
Other	18	6
Gross deferred income tax liabilities	1,392	1,025
Net deferred income tax liabilities	880	646
Valuation Allowance [Line Items]
Valuation allowance	15	$ 19
State net operating losses	16
State and Local Jurisdiction [Member]
Deferred income tax assets:
Less: Valuation allowance	2
Valuation Allowance [Line Items]
Valuation allowance	2
Operating Loss Carryforwards, Valuation Allowance	11
Foreign Tax Authority [Member]
Deferred income tax assets:
Less: Valuation allowance	2
Valuation Allowance [Line Items]
Valuation allowance	$ 2

Income Taxes (Unrecognized Tax

Income Taxes (Unrecognized Tax Benefits Information) (Details 4) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Operating Loss Carryforwards [Line Items]
Unrecognized tax benefits, net of federal tax benefits, that would impact the effective tax rate	$ 80	$ 67	$ 70
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	2	(2)	2
Payable related to accrued interest and penalties	10	8
Reconciliation of gross unrecognized tax benefits (expense)
Beginning balance	100	92	76
Additions based on tax positions related to the current year	11	15	22
Unrecognized Tax Benefits, Decrease Resulting from Current Period Tax Positions	(1)
Additions for tax positions of prior years	10	39	9
Reductions for tax positions of prior years	(4)	(17)	(3)
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	(5)
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities	(1)	(29)	(12)
Ending balance	110	$ 100	$ 92
Minimum [Member]
Operating Loss Carryforwards [Line Items]
Decrease in gross amount of unrecognized tax benefits due to resolution of IRS examinations	20
Maximum [Member]
Operating Loss Carryforwards [Line Items]
Decrease in gross amount of unrecognized tax benefits due to resolution of IRS examinations	$ 30

Retirement Plans and Profit S_3

Retirement Plans and Profit Sharing Arrangements (Text) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase	3.96%	4.01%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	7.14%	7.18%	7.11%
Benefits paid	$ (10)	$ (9)
Actuarial (gain) loss	117	131
Unrecognized actuarial gain (loss) recognized in accumulated other comprehensive income	(214)
Unrecognized prior service credit (cost) recognized in accumulated other comprehensive income	10
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Curtailment	0	$ 7
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ (2)
Defined Benefit Plan, Assets, Target Allocations
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Weighted-Average Interest Crediting Rate	5.00%	5.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Weighted-Average Interest Crediting Rate	5.00%	5.00%	5.00%
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Actuarial (gain) loss	$ 1	$ 1
Unrecognized actuarial gain (loss) recognized in accumulated other comprehensive income	3
Unrecognized prior service credit (cost) recognized in accumulated other comprehensive income	$ 1

Retirement Plans and Profit S_4

Retirement Plans and Profit Sharing Arrangements (Net Periodic Pension Cost) (Details 1) - Pension Plans [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Defined benefit plans:
Service cost	$ 45	$ 44	$ 48
Interest cost	29	36	30
Expected return on plan assets	(55)	(53)	(48)
Amortization of prior service costs	(2)	0	0
Amortization of net loss	15	5	11
Other	7	8	5
Net periodic benefit cost	$ 39	$ 40	$ 46

Retirement Plans and Profit S_5

Retirement Plans and Profit Sharing Arrangements (Benefit Obligation and Fair Value) (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Pension Plans [Member]
Change in benefit obligation
Benefit obligation at beginning of year	$ 1,111	$ 967
Service cost	45	44	$ 48
Interest cost	29	36	30
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Other Change	0	(15)
Benefits paid	(10)	(9)
Actuarial (gain) loss	117	131
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Curtailment	0	(7)
Settlements	(30)	(42)
Foreign currency rate changes	9	6
Benefit obligation at end of year	1,271	1,111	967
Change in fair value of plan assets
Fair value of plan assets at the beginning of the year	838	728
Actual return on plan assets	67	130
Employer contributions	31	24
Benefits paid	(10)	(9)
Settlements	(30)	(42)
Foreign currency rate changes	9	7
Fair value of plan assets at the end of the year	905	838	728
Other Postretirement Benefits Plan [Member]
Change in benefit obligation
Benefit obligation at beginning of year	14	14
Interest cost	0
Benefits paid	(1)	(1)
Actuarial (gain) loss	1	1
Benefit obligation at end of year	$ 14	$ 14	$ 14

Retirement Plans and Profit S_6

Retirement Plans and Profit Sharing Arrangements (Amounts recognized in Balance Sheet) (Details 3) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Pension Plans [Member]
Amounts recognized in the Consolidated Balance Sheets
Benefit liability	$ (366)	$ (278)
Benefit asset	0	5
Net amount recognized	(366)	(273)
Other Postretirement Benefits Plan [Member]
Amounts recognized in the Consolidated Balance Sheets
Benefit liability	(14)	(14)
Benefit asset	0	0
Net amount recognized	$ (14)	$ (14)

Retirement Plans and Profit S_7

Retirement Plans and Profit Sharing Arrangements (Benefit Obligations that Exceeded the Fair Value) (Details 4) - Pension Plans [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 1,200	$ 1,100
Plans with accumulated benefit obligations in excess of plan assets:
Accumulated benefit obligation	1,211	875
Fair value of plan assets	905	644
Plans with projected benefit obligations in excess of plan assets:
Projected benefit obligation	1,271	922
Fair value of plan assets	905	644
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Other Change	0	(15)
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Curtailment	$ 0	$ (7)

Retirement Plans and Profit S_8

Retirement Plans and Profit Sharing Arrangements (Weighted Average Assumptions) (Details 5)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Pension Plans [Member]
Weighted average assumptions used to determine benefit obligations for pension plans
Discount rates (as a percent)	2.16%	2.97%
Rates of increase in compensation levels (as a percent)	3.96%	4.01%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Weighted-Average Interest Crediting Rate	5.00%	5.00%
Weighted average assumptions used to determine net periodic benefit cost for pension plans
Discount rates (as a percent)	2.97%	4.00%	3.30%
Rates of increase in compensation levels (as a percent)	4.01%	4.25%	4.29%
Expected long term rates of return on assets (as a percent)	7.14%	7.18%	7.11%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Weighted-Average Interest Crediting Rate	5.00%	5.00%	5.00%
Other Postretirement Benefits Plan [Member]
Weighted average assumptions used to determine benefit obligations for pension plans
Discount rates (as a percent)	2.01%	2.99%

Retirement Plans and Profit S_9

Retirement Plans and Profit Sharing Arrangements (Assets Measured at Fair Value) (Details 6) - Pension Plans [Member] - USD ($) $ in Millions		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		$ 905	$ 838	$ 728
Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		300	307
Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		21	24
Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		0	0
U.S. large cap stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		119	119
U.S. large cap stocks [Member] | Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		119	119
U.S. small cap stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		80	91
U.S. small cap stocks [Member] | Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		80	91
Non-U.S. large cap stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		36	32
Non-U.S. large cap stocks [Member] | Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		36	32
U.S. investment grade bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		68	67
U.S. investment grade bonds [Member] | Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		47	43
U.S. investment grade bonds [Member] | Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		21	24
U.S. high yield bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets			6
U.S. high yield bonds [Member] | Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets			6
Non-U.S. investment grade bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		18	16
Non-U.S. investment grade bonds [Member] | Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		18	16
Collective investment funds [Member] [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	289	232
Real estate investment trusts [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	20	20
Hedge funds [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	32	29
Pooled pension funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	218	196
Cash equivalents [Member] | Fair Value Measured at Net Asset Value Per Share [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	$ 25	$ 30
[1]	Amounts are comprised of certain investments 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.

Retirement Plans and Profit _10

Retirement Plans and Profit Sharing Arrangements (Expected Benefit Payments) (Details 7) $ in Millions	Dec. 31, 2020USD ($)
Pension Plans [Member]
Expected benefit payments to retirees
2021	$ 104
2022	68
2023	79
2024	74
2025	74
2026-2028	389
Estimated future employer contributions in next fiscal year	15
Other Postretirement Benefits Plan [Member]
Expected benefit payments to retirees
2021	1
2022	1
2023	1
2024	1
2025	1
2026-2028	5
Estimated future employer contributions in next fiscal year	$ 1

Retirement Plans and Profit _11

Retirement Plans and Profit Sharing Arrangements (Defined Contribution Plan) (Details 8) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution, percent of employees' gross pay	5.00%
Ameriprise Financial Inc 401(k) Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Employer contribution requisite service period	60 days
Period of graded schedule for vesting of employer contributions	5 years
UNITED STATES
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan expense	$ 55	$ 56	$ 56
Foreign Plan [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan expense	$ 7	$ 6	$ 6

Commitments, Guarantees and C_3

Commitments, Guarantees and Contingencies Future Funding Commitments (Details 2) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commercial mortgage loans	$ 18	$ 60
Affordable housing partnerships and other real estate partnerships	12	22
Property Funds Funding Commitments	17	12
Private funds	9	12
Pledged Asset Lines of Credit	342	0
Consumer lines of credit	1	1
Total funding commitments	$ 399	$ 107

Commitments, Guarantees and C_4

Commitments, Guarantees and Contingencies Loss Contingencies (Details 3) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)
Insurance-related Assessments [Member]
Loss Contingencies [Line Items]
Loss Contingency, Undiscounted Amount of Insurance-related Assessment Liability	$ 12
Loss contingency for guaranty fund assessments premium tax asset offset	$ 10
Minimum [Member]
Loss Contingencies [Line Items]
Minimum interest rate guarantees in fixed accounts	1.00%
Maximum [Member]
Loss Contingencies [Line Items]
Minimum interest rate guarantees in fixed accounts	5.00%

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Summary of assets by segment
Total assets	$ 165,883	$ 151,828
Advice & Wealth Management [Member]
Summary of assets by segment
Total assets	21,266	17,607
Asset Management [Member]
Summary of assets by segment
Total assets	8,406	8,226
Retirement & Protection Solutions
Summary of assets by segment
Total assets	114,850	104,227
Corporate & Other [Member]
Summary of assets by segment
Total assets	$ 21,361	$ 21,768

Segment Information (Details 2)

Segment Information (Details 2) - USD ($) $ in Millions		3 Months Ended								12 Months Ended
		Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Summary of segment operating results
Total segment adjusted operating revenues										$ 11,829	$ 12,710	$ 12,694
Net Realized Gains (Losses)										(11)	(6)	10
Revenues attributable to CIEs										71	88	127
Market Impact on non-traditional long-duration products, net										10		(7)
Market impact of hedges on investments											(35)	11
Restructuring Charges											(3)
Gain on disposal of business											213
Revenues, Net of Interest Expense		$ 3,183	$ 3,003	$ 2,712	$ 3,001	$ 3,287	$ 3,317	$ 3,245	$ 3,118	11,899	12,967	12,835
Reconciliation of operating profit (loss) from segments to consolidated
Segment Reporting Information Operating Earnings										2,129	2,608	2,564
Net Realized Gains (Losses) including DAC offset										(10)	(4)	9
Net income (loss) attributable to CIEs										4	1	(1)
Market impact on non-traditional long-duration products										(375)	(591)	(47)
Mean reversion related impacts										87	57	(33)
Market impact of hedges on investments											(35)	11
Integration and restructuring charges										(4)	(17)	(19)
Gain on disposal of business											213
Pretax income		$ 190	$ (184)	$ (526)	$ 2,351	$ 534	$ 641	$ 587	$ 470	1,831	2,232	2,484
Advice & Wealth Management [Member]
Summary of segment operating results
Total segment adjusted operating revenues										6,675	6,599	6,189
Revenues, Net of Interest Expense										5,782	5,675	5,237
Reconciliation of operating profit (loss) from segments to consolidated
Segment Reporting Information Operating Earnings										1,321	1,509	1,389
Asset Management [Member]
Summary of segment operating results
Total segment adjusted operating revenues										2,891	2,913	3,011
Revenues, Net of Interest Expense										2,838	2,858	2,961
Reconciliation of operating profit (loss) from segments to consolidated
Segment Reporting Information Operating Earnings										697	661	728
Retirement & Protection Solutions
Summary of segment operating results
Total segment adjusted operating revenues										3,094	3,123	3,167
Revenues, Net of Interest Expense										2,661	2,694	2,750
Reconciliation of operating profit (loss) from segments to consolidated
Segment Reporting Information Operating Earnings										480	724	721
Corporate & Other [Member]
Summary of segment operating results
Total segment adjusted operating revenues										546	1,477	1,741
Reconciliation of operating profit (loss) from segments to consolidated
Segment Reporting Information Operating Earnings										(369)	(286)	(274)
Eliminations
Summary of segment operating results
Total segment adjusted operating revenues	[1]									1,377	1,402	1,414
Consolidation, Eliminations [Member]
Summary of segment operating results
Total segment adjusted operating revenues										1,384	1,410	1,431
Consolidation, Eliminations [Member] | Advice & Wealth Management [Member]
Summary of segment operating results
Total segment adjusted operating revenues										893	924	952
Consolidation, Eliminations [Member] | Asset Management [Member]
Summary of segment operating results
Total segment adjusted operating revenues										53	55	50
Consolidation, Eliminations [Member] | Retirement & Protection Solutions
Summary of segment operating results
Total segment adjusted operating revenues										433	429	417
Consolidation, Eliminations [Member] | Corporate & Other [Member]
Summary of segment operating results
Total segment adjusted operating revenues										$ (2)	$ (6)	$ (5)
[1]	Represents the elimination of intersegment revenues recognized for the years ended December 31, 2020, 2019 and 2018 in each segment as follows: Advice and Wealth Management ($893, $924 and $952, respectively); Asset Management ($53, $55 and $50, respectively); Retirement & Protection Solutions ($433, $429 and $417, respectively); and Corporate & Other ($(2), $(6) and $(5), respectively).

Quarterly Financial Data (Una_2

Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended										12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020		Jun. 30, 2020		Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Total net revenues	$ 3,183	$ 3,003		$ 2,712		$ 3,001	$ 3,287	$ 3,317	$ 3,245	$ 3,118	$ 11,899	$ 12,967	$ 12,835
Pretax income	190	(184)		(526)		2,351	534	641	587	470	1,831	2,232	2,484
Net income	$ 177	$ (140)		$ (539)		$ 2,036	$ 463	$ 543	$ 492	$ 395	$ 1,534	$ 1,893	$ 2,098
Earnings per share
Net income (in dollars per basic share)	$ 1.46	$ (1.14)		$ (4.31)		$ 16.11	$ 3.59	$ 4.09	$ 3.61	$ 2.85	$ 12.39	$ 14.12	$ 14.41
Net income (in dollars per diluted share)	$ 1.43	$ (1.14)	[1]	$ (4.31)	[1]	$ 15.88	$ 3.53	$ 4.04	$ 3.57	$ 2.82	$ 12.20	$ 13.92	$ 14.20
Weighted average common shares outstanding
Basic	120.9	123		125		126.4	129	132.7	136.1	138.8	123.8	134.1	145.6
Diluted	123.4	124.9		126.2		128.2	131.3	134.5	138	140.1	125.7	136	147.7
Cash dividends declared per common share	$ 1.04	$ 1.04		$ 1.04		$ 0.97	$ 0.97	$ 0.97	$ 0.97	$ 0.90
[1]	Diluted shares used in this calculation represent basic shares due to the net loss. Using actual diluted shares would result in anti-dilution.

SCHEDULE I - CONDENSED FINANC_3

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Statement of Operations) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenues
Other revenues									$ 283	$ 269	$ 208
Gain on disposal of business									0	213	0
Total revenues									11,958	13,103	12,924
Banking and deposit interest expense									59	136	89
Total net revenues	$ 3,183	$ 3,003	$ 2,712	$ 3,001	$ 3,287	$ 3,317	$ 3,245	$ 3,118	11,899	12,967	12,835
Expenses
Benefits, claims, losses and settlement expenses									1,806	2,576	2,302
Distribution expenses									4,059	3,810	3,637
Interest and debt expense									162	214	245
General and administrative expense									3,120	3,287	3,171
Total expenses									10,068	10,735	10,351
Income tax benefit									297	339	386
Net income	$ 177	$ (140)	$ (539)	$ 2,036	$ 463	$ 543	$ 492	$ 395	1,534	1,893	2,098
Other comprehensive income (loss), net of tax									367	553	(519)
Total comprehensive income									1,901	2,446	1,579
Management and financial advice fees [Member]
Revenues
Management and financial advice fees									(7,368)	(7,015)	(6,776)
Ameriprise Financial, Inc:
Revenues
Net investment income									23	9	34
Other revenues									15	14	4
Gain on disposal of business									0	213	0
Total revenues									38	235	37
Banking and deposit interest expense									3	9	7
Total net revenues									35	226	30
Expenses
Benefits, claims, losses and settlement expenses									0	49	4
Distribution expenses									12	24	4
Interest and debt expense									105	126	120
General and administrative expense									198	244	210
Total expenses									315	443	338
Pretax loss before equity in earnings of subsidiaries									(280)	(217)	(308)
Income tax benefit									(87)	(38)	(73)
Loss before equity in earnings of subsidiaries									(193)	(179)	(235)
Equity in earnings of subsidiaries									1,727	2,072	2,333
Net income									1,534	1,893	2,098
Other comprehensive income (loss), net of tax									367	553	(519)
Total comprehensive income									1,901	2,446	1,579
Ameriprise Financial, Inc: | Management and financial advice fees [Member]
Revenues
Management and financial advice fees									$ 0	$ (1)	$ (1)

SCHEDULE I - CONDENSED FINANC_4

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Balance Sheet) (Details 1) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Assets
Land, buildings, equipment and software, net of accumulated depreciation of $952 and $1,168, respectively	$ 602	$ 610
Total assets	165,883	151,828
Liabilities:
Total liabilities	160,016	146,099
Shareholders' Equity:
Common Stock, Value, Issued	3	3
Additional paid-in capital	8,822	8,461
Retained earnings	15,292	14,279
Treasury shares, at cost (205,903,593 and 192,206,467 shares, respectively)	(18,879)	(17,276)
Accumulated other comprehensive income, net of tax, including amounts applicable to equity investment in subsidiaries	629	262
Total Ameriprise Financial, Inc. shareholders' equity	5,867	5,729	$ 5,588	$ 5,995
Total liabilities and equity	165,883	151,828
Ameriprise Financial, Inc:
Assets
Cash and cash equivalents	1,071	730	$ 476	$ 494
Investments	877	1,430
Loans to subsidiaries	247	361
Due from subsidiaries	497	305
Receivables	2	5
Land, buildings, equipment and software, net of accumulated depreciation of $952 and $1,168, respectively	208	207
Investment in subsidiaries	7,153	6,665
Other assets	1,334	1,136
Total assets	11,389	10,839
Liabilities:
Accounts payable and accrued liabilities	936	797
Due to subsidiaries	60	137
Borrowings from subsidiaries	494	401
Long-term debt	2,831	3,097
Other liabilities	1,201	678
Total liabilities	5,522	5,110
Shareholders' Equity:
Common Stock, Value, Issued	3	3
Additional paid-in capital	8,822	8,461
Retained earnings	15,292	14,279
Treasury shares, at cost (205,903,593 and 192,206,467 shares, respectively)	(18,879)	(17,276)
Accumulated other comprehensive income, net of tax, including amounts applicable to equity investment in subsidiaries	629	262
Total Ameriprise Financial, Inc. shareholders' equity	5,867	5,729
Total liabilities and equity	$ 11,389	$ 10,839

SCHEDULE I - CONDENSED FINANC_5

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Balance Sheet - Parenthetical) (Details 2) - USD ($) $ / shares in Units, $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Accumulated depreciation	$ 1,900	$ 1,800
Common shares, par value (in dollars per share)	$ 0.01	$ 0.01
Common shares, shares authorized	1,250,000,000	1,250,000,000
Common shares, shares issued	332,390,132	329,842,827
Treasury shares	215,624,519	205,903,593
Ameriprise Financial, Inc:
Accumulated depreciation	$ 929	$ 952

SCHEDULE I - CONDENSED FINANC_6

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Statement of Cash Flows) (Details 3) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash Flows from Operating Activities
Net income	$ 177	$ (140)	$ (539)	$ 2,036	$ 463	$ 543	$ 492	$ 395	$ 1,534	$ 1,893	$ 2,098
Gain (Loss) on Disposition of Business before Affinity Payment										313
Net Cash Provided by (Used in) Operating Activities									4,623	2,341	2,597
Proceeds from sales									1,708	242	435
Available-for-Sale securities:
Maturities, sinking fund payments and calls									9,554	8,202	6,738
Purchases									(13,525)	(11,911)	(8,346)
Payments to Acquire Other Investments									(284)	(288)	(653)
Purchase of land, buildings, equipment and software									(147)	(143)	(162)
Proceeds from Divestiture of Businesses										1,100
Other, net									17	(115)	(56)
Net cash (used in) provided by investing activities									(2,894)	(3,234)	(587)
Cash Flows from Financing Activities
Dividends paid to shareholders									(497)	(504)	(506)
Repurchase of common shares									(1,441)	(1,943)	(1,630)
Cash paid for purchased options with deferred premiums									(211)	(396)	(228)
Issuance of long-term debt, net of issuance costs									496	497
Repayments of long-term debt									(762)	(313)	(13)
Exercise of stock options									3	3	2
Other, net									(10)	1	3
Net cash provided by (used in) financing activities									952	1,214	(1,263)
Net increase (decrease) in cash and cash equivalents									2,690	330	739
Supplemental Disclosures:
Income taxes paid (received), net									236	609	538
Ameriprise Financial, Inc:
Cash Flows from Operating Activities
Net income									1,534	1,893	2,098
Equity in earnings of subsidiaries									(1,727)	(2,072)	(2,333)
Dividends received from subsidiaries									2,018	2,721	2,093
Gain (Loss) on Disposition of Business before Affinity Payment									0	313
Other operating activities, primarily with subsidiaries									282	596	57
Net Cash Provided by (Used in) Operating Activities									2,107	2,825	1,915
Proceeds from sales									922	0	0
Available-for-Sale securities:
Maturities, sinking fund payments and calls									161	204	94
Purchases									(15)	(1,153)	(222)
Proceeds from sale of other investments									0	6	0
Payments to Acquire Other Investments									(12)	(12)
Purchase of land, buildings, equipment and software									(54)	(42)	(62)
Proceeds from Divestiture of Businesses									0	1,138
Contributions to subsidiaries									(416)	(368)	(73)
Return of capital from subsidiaries									131	18	454
Repayment of loans from subsidiaries									3,288	2,468	1,623
Issuance of loans to subsidiaries									(3,174)	(2,457)	(1,768)
Acquisition of surplus loans to subsidiaries									(500)	0	0
Proceeds from Sale of Productive Assets									(2)	0	0
Other, net									0	(65)	2
Net cash (used in) provided by investing activities									333	(263)	48
Cash Flows from Financing Activities
Dividends paid to shareholders									(497)	(504)	(506)
Repurchase of common shares									(1,441)	(1,943)	(1,630)
Cash paid for purchased options with deferred premiums									0	(107)	(20)
Issuance of long-term debt, net of issuance costs									496	497
Repayments of long-term debt									(762)	(313)	(13)
Borrowings from subsidiaries									871	132	472
Repayments of borrowings from subsidiaries									(751)	(79)	(273)
Exercise of stock options									3	3	2
Other, net									(18)	6	(13)
Net cash provided by (used in) financing activities									(2,099)	(2,308)	(1,981)
Net increase (decrease) in cash and cash equivalents									341	254	(18)
Cash and cash equivalents at beginning of period				$ 730				$ 476	730	476	494
Cash and cash equivalents at end of period	$ 1,071				$ 730				1,071	730	476
Supplemental Disclosures:
Interest paid on debt									107	123	126
Income taxes paid (received), net									26	(109)	(27)
Non-cash dividends from subsidiaries									$ 0	$ 81	$ 195

SCHEDULE I - CONDENSED FINANC_7

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Footnotes) (Details 4) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Surplus Loan due 2050
Investments [Abstract]
Proceeds from Issuance of Debt	$ 500
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	3.50%	3.50%
Long-term debt	$ 500	$ 500
Ameriprise Financial, Inc:
Investments [Abstract]
Long-term debt	2,831	2,831	$ 3,097
Residual tranche fair value	877	877	1,430
Guarantees, Commitments and Contingencies
Maximum borrowing capacity under the line of credit	366	366
Loans to subsidiaries	247	247	361
Current borrowing capacity under the line of credit	1,300	1,300	1,300
Outstanding amount	172	172	50
Ameriprise Financial, Inc: | Ameriprise Certificate Company [Member]
Guarantees, Commitments and Contingencies
Maximum commitment under Capital Support Agreement	50	50	50	$ 50
Ameriprise Financial, Inc: | Ameriprise Financial Services, Inc. [Member]
Guarantees, Commitments and Contingencies
Secured demand notes	200	200
Ameriprise Financial, Inc: | Ameriprise Enterprise Investment Services Inc. [Member]
Guarantees, Commitments and Contingencies
Loans to subsidiaries	60	60
Ameriprise Financial, Inc: | Asset-backed Securities, Securitized Loans and Receivables [Member]
Investments [Abstract]
Residual tranche fair value	90	90	94
Ameriprise Financial, Inc: | Net investment income [Member]
Investments [Abstract]
Related Party Transaction, Amounts of Transaction		6
Ameriprise Financial, Inc: | Federal Home Loan Bank advances [Member]
Debt
Short-term borrowings	$ 200	$ 200	$ 201

Disposal of Business Disposal_2

Disposal of Business Disposal of business (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from Divestiture of Businesses		$ 1,100
Proceeds from Divestiture of Businesses, Net of Cash Divested		1,000
Gain on disposal of business	$ 0	213	$ 0
Business Exit Costs		$ 100