Ameriprise Financial (AMP) 10-K 25 Feb 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2021	Feb. 11, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 28.4
Entity Common Stock, Shares Outstanding		110,750,945
Entity Central Index Key	0000820027
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false

Document - Audit Information

Document - Audit Information	12 Months Ended
	Dec. 31, 2021
Auditor Information [Abstract]
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Minneapolis, Minnesota
Auditor Firm ID	238

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues
Net investment income	$ 1,683	$ 1,251	$ 1,463
Premiums, policy and contract charges	273	1,395	2,224
Other revenues	382	283	269
Gain on disposal of business			213
Total revenues	13,443	11,958	13,103
Banking and deposit interest expense	12	59	136
Total net revenues	13,431	11,899	12,967
Expenses
Distribution expenses	5,015	4,059	3,810
Interest credited to fixed accounts	600	644	669
Benefits, claims, losses and settlement expenses	716	1,806	2,576
Amortization of deferred acquisition costs	124	277	179
Interest and debt expense	191	162	214
General and administrative expense	3,435	3,120	3,287
Total expenses	10,081	10,068	10,735
Pretax income	3,350	1,831	2,232
Income tax provision	590	297	339
Net income	$ 2,760	$ 1,534	$ 1,893
Earnings Per Share, Basic:
Net income (in dollars per basic share)	$ 23.53	$ 12.39	$ 14.12
Earnings Per Share, Diluted:
Net income (in dollars per diluted share)	$ 23	$ 12.20	$ 13.92
Management and financial advice fees
Revenues
Revenue from contracts with customers	$ 9,275	$ 7,368	$ 7,015
Distribution fees
Revenues
Revenue from contracts with customers	$ 1,830	$ 1,661	$ 1,919

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 2,760	$ 1,534	$ 1,893
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	(13)	27	17
Net unrealized gains (losses) on securities	(665)	407	556
Net unrealized gains (losses) on derivatives	(1)	(1)	(2)
Defined benefit plans	53	(66)	(18)
Total other comprehensive income (loss), net of tax	(626)	367	553
Total comprehensive income	$ 2,134	$ 1,901	$ 2,446

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Assets
Separate account assets	$ 97,491	$ 92,611
Deferred acquisition costs	2,782	2,532
Restricted and segregated cash, cash equivalents and investments	2,795	2,558
Total assets	175,979	165,883
Liabilities:
Policyholder account balances, future policy benefits and claims	35,750	33,992
Separate account liabilities	97,491	92,611
Customer deposits	20,227	17,641
Short-term borrowings	200	200
Accounts payable and accrued liabilities	2,527	1,998
Total liabilities	170,294	160,016
Equity:
Common Stock, Value, Issued	3	3
Additional paid-in capital	9,220	8,822
Retained earnings	17,525	15,292
Treasury shares, at cost (223,967,107 and 215,624,519 shares, respectively)	(21,066)	(18,879)
Accumulated other comprehensive income (loss), net of tax	3	629
Total equity	5,685	5,867
Total liabilities and equity	175,979	165,883
Ameriprise Financial
Assets
Cash and cash equivalents	7,127	6,751
Investments	35,810	41,031
Receivables	16,205	7,819
Other assets	11,444	10,551
Liabilities:
Short-term borrowings	200	200
Long-term debt	2,832	2,831
Other liabilities	8,966	8,761
Consolidated investment entities
Assets
Cash and cash equivalents	121	94
Investments	2,184	1,918
Receivables	17	16
Other assets	3	2
Liabilities:
Long-term debt	2,164	1,913
Other liabilities	$ 137	$ 69

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
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	334,828,117	332,390,132
Treasury shares	223,967,107	215,624,519
Equity
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	334,828,117	332,390,132
Treasury shares	223,967,107	215,624,519
Ameriprise Financial
Assets
Investments, allowance for credit losses	$ 18	$ 52
Receivables, allowance for credit loss	$ 55	$ 49

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions	Total	Common Shares	Additional Paid-In Capital	Retained Earnings	Treasury Shares	Accumulated Other Comprehensive Income (Loss)	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, AdjustmentRetained Earnings
Balances (in shares) at Dec. 31, 2018		136,330,747
Beginning balance at Dec. 31, 2018	$ 5,588	$ 3	$ 8,260	$ 12,909	$ (15,293)	$ (291)
Beginning balance (Premium amortization on purchased callable debt securities guidance) at Dec. 31, 2018							$ (5)	$ (5)
Increase (Decrease) in Stockholders' Equity
Net income	1,893			1,893
Other comprehensive income (loss), net of tax	553					553
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
Ending balance at Dec. 31, 2019	5,729	$ 3	8,461	14,279	(17,276)	262
Ending balance (Current expected credit losses guidance) at Dec. 31, 2019							$ (9)	$ (9)
Increase (Decrease) in Stockholders' Equity
Net income	1,534			1,534
Other comprehensive income (loss), net of tax	367					367
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
Ending balance at Dec. 31, 2020	5,867	$ 3	8,822	15,292	(18,879)	629
Increase (Decrease) in Stockholders' Equity
Net income	2,760			2,760
Other comprehensive income (loss), net of tax	(626)					(626)
Dividends to shareholders	(527)			(527)
Repurchase of common shares	(2,222)				(2,222)
Repurchase of common shares (in shares)		(8,744,127)
Share-based compensation plans	433		398		35
Share-based compensation plans (in shares)		2,839,524
Balances (in shares) at Dec. 31, 2021		110,861,010
Ending balance at Dec. 31, 2021	$ 5,685	$ 3	$ 9,220	$ 17,525	$ (21,066)	$ 3

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash Flows from Operating Activities
Net income	$ 2,760	$ 1,534	$ 1,893
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion, net	98	207	183
Deferred income tax expense (benefit)	(87)	(321)	(308)
Share-based compensation	152	146	135
Gain on disposal of business before affinity partner payment			(313)
Net realized investment (gains) losses	(632)	(22)	(16)
Net trading (gains) losses	5	(10)	(10)
Loss from equity method investments	75	66	95
Impairments and provision for loan and credit losses	4	24	22
Net (gains) losses of consolidated investment entities	(20)	7	9
Changes in operating assets and liabilities, net of effects from acquisitions:
Restricted and segregated investments	25	(500)	124
Deferred acquisition costs	(156)	49	(112)
Policyholder account balances, future policy benefits and claims, net	2,086	3,054	358
Derivatives, net of collateral	(570)	(141)	415
Receivables	(520)	(648)	324
Brokerage deposits	26	346	(519)
Accounts payable and accrued expenses	300	129	46
Increase (Decrease) in Income Taxes	(308)	25	32
Deferred taxes, Net	4	334	(18)
Other operating assets and liabilities of consolidated investment entities, net	20	(15)	(12)
Other, net	63	359	13
Net Cash Provided by (Used in) Operating Activities	3,325	4,623	2,341
Available-for-Sale securities:
Proceeds from sales	556	1,708	242
Maturities, sinking fund payments and calls	11,501	9,554	8,202
Purchases	(14,718)	(13,525)	(11,911)
Proceeds from sales, maturities and repayments of mortgage loans	299	217	272
Funding of mortgage loans	(263)	(165)	(354)
Proceeds from sales, maturities and collections of other investments	173	198	276
Purchase of other investments	(97)	(284)	(288)
Purchase of investments by consolidated investment entities	(1,603)	(957)	(644)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities	1,047	606	684
Purchase of land, buildings, equipment and software	(120)	(147)	(143)
Proceeds from disposal of business, net of cash and cash equivalents sold			934
Cash paid for written options with deferred premiums	(552)	(338)	(308)
Cash received from written options with deferred premiums	106	133	170
Cash paid for acquisition of business, net of cash acquired	(576)
Cash paid for deposit receivable	(377)	(4)	(349)
Cash received for deposit receivable	254	93	98
Other, net	(10)	17	(115)
Net cash (used in) provided by investing activities	(4,380)	(2,894)	(3,234)
Investment certificates:
Proceeds from additions	2,733	4,259	5,110
Maturities, withdrawals and cash surrenders	(4,190)	(5,016)	(5,489)
Policyholder account balances:
Deposits and other additions	1,553	1,649	2,152
Net transfers to (from) separate accounts	(273)	(125)	(86)
Surrenders and other benefits	(1,365)	(1,357)	(1,728)
Change in banking deposits, net	4,016	3,616	3,788
Cash paid for purchased options with deferred premiums	(156)	(211)	(396)
Cash received for purchased options with deferred premiums	1,350	40	206
Issuance of long-term debt, net of issuance costs	4	496	497
Repayments of long-term debt	(9)	(762)	(313)
Dividends paid to shareholders	(511)	(497)	(504)
Repurchase of common shares	(2,030)	(1,441)	(1,943)
Exercise of stock options	1	3	3
Borrowings of Consolidated Investment Entities	1,756	382
Repayments of debt by consolidated investment entities	(1,142)	(74)	(84)
Other, net	(14)	(10)	1
Net cash provided by (used in) financing activities	1,723	952	1,214
Effect of exchange rate changes on cash	(2)	9	9
Net increase (decrease) in cash and cash equivalents, including amounts restricted	666	2,690	330
Cash and cash equivalents, including amounts restricted at beginning of period	8,903	6,213	5,883
Cash and cash equivalents, including amounts restricted at end of period	$ 9,569	$ 8,903	$ 6,213

Supplemental Cash Flow Disclosu

Supplemental Cash Flow Disclosures - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Supplemental Disclosures:
Income taxes paid (received), net	$ 986	$ 236	$ 609
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	4		13
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	109	76	41
Non-cash Investing Activity:
Partnership commitments not yet remitted			4
Investments transferred in connection with reinsurance transaction	7,513		1,265
Exchange of an investment that resulted in a realized gain and an increase to amortized cost	17
Ameriprise Financial
Supplemental Disclosures:
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	113	168	272
Consolidated investment entities
Supplemental Disclosures:
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	$ 90	$ 55	$ 84

Reconciliation of Cash and Cash

Reconciliation of Cash and Cash Equivalents, Including Amounts Restricted - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of cash and cash equivalents, including amounts restricted:
Restricted and segregated cash, cash equivalents and investments	$ 2,795	$ 2,558
Restricted and segregated investments	(474)	(500)
Total cash and cash equivalents, including amounts restricted per consolidated statements of cash flows	$ 9,569	$ 8,903
Restricted cash and cash equivalents balance sheet location	Restricted and segregated cash, cash equivalents and investments	Restricted and segregated cash, cash equivalents and investments
Ameriprise Financial
Reconciliation of cash and cash equivalents, including amounts restricted:
Cash and cash equivalents	$ 7,127	$ 6,751
Consolidated investment entities
Reconciliation of cash and cash equivalents, including amounts restricted:
Cash and cash equivalents	$ 121	$ 94

Basis of Presentation

Basis of Presentation	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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 Columbia Threadneedle Investments UK International Limited, TAM UK International Holdings Ltd 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. In the first quarter of 2021, the Company recorded a favorable out-of-period correction of $29 million in other comprehensive income related to defined benefit plans. In the first quarter of 2020, the Company recorded an unfavorable out-of-period correction of $19 million in management and financial advice fees related to performance fees. The impacts of the errors were not material to the current and 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. On June 2, 2021, the Company filed an application to convert Ameriprise Bank, FSB to a state-chartered industrial bank regulated by the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation. The Company also filed an application to transition the FSB’s personal trust services business to a new limited purpose national trust bank regulated by the Office of the Comptroller of the Currency. During the third quarter of 2021, RiverSource Life Insurance Company (“RiverSource Life”), one of the Company’s life insurance subsidiaries, closed on a transaction with Global Atlantic Financial Group’s subsidiary Commonwealth Annuity and Life Insurance Company, effective July 1, 2021, to reinsure approximately $7.0 billion of fixed deferred and immediate annuity policies. As part of the transaction, RiverSource Life transferred $7.8 billion in consideration primarily consisting of Available-for-Sale securities, commercial mortgage loans, syndicated loans and cash. The transaction resulted in a net realized gain of approximately $532 million on investments sold. A similar previously announced transaction with RiverSource Life Insurance Co. of New York (“RiverSource Life of NY”) did not receive regulatory approval in time to close by September 30, 2021 and the transaction was terminated by the parties. On November 8, 2021, the Company completed its acquisition of the European-based asset management business of BMO Financial Group. See Note 9 for more information on this acquisition. 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. Other than disclosed in Note 21 and 23, no other subsequent events or transactions requiring recognition or disclosure were identified.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
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 VIE’s economic performance. In determining whether the Company has this power, it considers whether it is acting in a role that enables it to direct the activities that most significantly impact the economic performance of an entity or if it is acting in an agent role. In determining whether the Company has the obligation to absorb 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 average 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. Amounts Based on Estimates and Assumptions Accounting estimates are an integral part of the Consolidated Financial Statements. In part, they are based upon assumptions concerning future events. Among the more significant are those that relate to investment securities valuation and the recognition of credit losses or impairments, 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 . Available-for-Sale securities are recorded within Investments. 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. 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. 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. 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 and advisor loans are recorded within Receivables. 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. Interest income recognized on advisor loans is recorded in Other revenues. 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. Brokerage margin loans and pledged asset lines of credit are recorded within Receivables. 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. Interest income recognized on consumer loans is recorded in Net investment income. Deposit Receivables For each of its reinsurance agreements, the Company determines whether the agreement provides indemnification against loss or liability related to insurance risk in accordance with applicable accounting standards. If the Company determines that a reinsurance agreement does not expose the reinsurer to a reasonable possibility of a significant loss from insurance risk, the Company records the agreement using the deposit method of accounting. Deposits made and any related embedded derivatives are included in Receivables. As amounts are received, consistent with the underlying contracts, deposit receivables are adjusted. Deposit receivables are accreted using the interest method and the accretion is reported in Other revenues. See Note 7 for additional information on financing receivables. Allowance for Credit Losses The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected over the asset’s expected life, considering past events, current conditions and reasonable and supportable forecasts of future economic conditions. 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 through provisions charged to Distribution expenses and is reduced/increased by net charge-offs/recoveries. 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 through provisions charged to Net investment income and is reduced/increased by net charge-offs/recoveries. 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 Receivables The allowance for credit losses is calculated on an individual reinsurer basis. Deposit receivables are collateralized by underlying trust arrangements. Management evaluates the terms of the reinsurance and trust agreements, the nature of the underlying assets, and the potential for changes in the collateral value when considering the need for an allowance for credit losses. Nonaccrual Loans Commercial mortgage loans and syndicated loans are placed on nonaccrual status when either the collection of interest or principal has become 90 days past due or is otherwise considered doubtful of collection. 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 within 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, they 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 Consolidated Statements of Operations. Included in separate account assets and liabilities is the fair value of the pooled pension funds that are offered by Threadneedle. Separate account assets are recorded at fair value and Separate account liabilities are equal to the assets recognized. 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 Consolidated Statements of Cash Flows. Land, Buildings, Equipment and Software Land, buildings, equipment and internally developed software are carried at cost less accumulated depreciation or amortization and are reflected within Other assets. The Company uses the straight-line method of depreciation and amortization over periods ranging from three As of December 31, 2021 and 2020, land, buildings, equipment and software were $590 million and $602 million, respectively, net of accumulated depreciation of $2.0 billion and $1.9 billion, respectively. Depreciation and amortization expense for the years ended December 31, 2021, 2020 and 2019 was $144 million, $153 million and $147 million, respectively. 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 insurance policy or annuity contract are expensed as incurred. The DAC associated wi

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Adoption of New Accounting Standards Income Taxes – Simplifying the Accounting for Income Taxes In December 2019, the Financial Accounting Standards Board (“FASB”) updated the accounting standards to simplify the accounting for income taxes. The update eliminates certain exceptions to: (1) accounting principles related to intra-period 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 Company adopted the standard on January 1, 2021. The adoption of this standard had no impact on the Company’s consolidated results of operations and financial condition. Future Adoption of New Accounting Standards Business Combinations - Accounting for Contract Assets and Contract Liabilities from Contracts with Customers In October 2021, the FASB updated the accounting standards to require an entity (acquirer) to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606, Revenue for Contracts with Customers (“Topic 606”). At the acquisition date, an acquirer is required to account for the related revenue contracts in accordance with Topic 606 as if it had originated the contracts. Generally, this should result in an acquirer recognizing and measuring the acquired contract assets and contract liabilities consistent with how they were recognized and measured in the acquiree’s financial statements (if the acquiree prepared financial statements in accordance with GAAP). The amendments apply to all contract assets and contract liabilities acquired in a business combination that result from contracts accounted for under the principals of Topic 606. The standard is effective for interim and annual periods beginning after December 15, 2022. Early adoption is permitted, including adoption in an interim period. An entity that early adopts in an interim period should apply the amendments (1) retrospectively to all business combinations for which the acquisition date occurs on or after the beginning of the fiscal year that includes the interim period of the early application and (2) prospectively to all business combinations that occur on or after the date of initial application. The adoption of the standard is not expected to have a material impact on the Company’s consolidated results of operations and financial condition. 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. The amendments in this update were effective upon issuance and must be elected prior to December 31, 2022. 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 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 Company has not yet applied any of the optional expedients. 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 including 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. The standard is effective for interim and annual periods beginning after December 15, 2022. The standard should be applied to the liability for future policy benefits and DAC and DSIC on a modified retrospective basis and applied to market risk benefits on a retrospective basis with the option to apply full retrospective transition if certain criteria are met. Early adoption is permitted. The Company is currently in the process of implementing the standard, including the implementation of controlled measurement and reporting processes. The Company expects the impact of adopting the standard to be material to its consolidated results of operations and financial condition.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	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, 2021 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate & Other Total Segments Non-operating Revenue Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 2,309 $ — $ — $ 2,309 $ — $ 2,309 Institutional — 645 — — 645 — 645 Advisory fees 4,539 — — — 4,539 — 4,539 Financial planning fees 386 — — — 386 — 386 Transaction and other fees 372 223 70 — 665 — 665 Total management and financial advice fees 5,297 3,177 70 — 8,544 — 8,544 Distribution fees: Mutual funds 858 276 — — 1,134 — 1,134 Insurance and annuity 994 195 409 — 1,598 — 1,598 Other products 401 — — — 401 — 401 Total distribution fees 2,253 471 409 — 3,133 — 3,133 Other revenues 196 4 — — 200 — 200 Total revenue from contracts with customers 7,746 3,652 479 — 11,877 — 11,877 Revenue from other sources (1) 287 30 2,765 489 3,571 (414) 3,157 Total segment gross revenues 8,033 3,682 3,244 489 15,448 (414) 15,034 Banking and deposit interest expense (12) — — (2) (14) — (14) Total segment net revenues 8,021 3,682 3,244 487 15,434 (414) 15,020 Elimination of intersegment revenues (1,043) (50) (478) (2) (1,573) (16) (1,589) Total net revenues $ 6,978 $ 3,632 $ 2,766 $ 485 $ 13,861 $ (430) $ 13,431 Year Ended December 31, 2020 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate & Other Total Segments Non-operating Revenue Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 1,822 $ — $ — $ 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 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 Elimination of 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 & Other 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 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 Elimination of 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 (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 $157 million and $146 million as of December 31, 2021 and 2020, 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 $126 million and $117 million as of December 31, 2021 and 2020, 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. 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. Contract Costs Asset During the fourth quarter of 2021, the Company recognized an asset of $39 million related to the transition of investment advisory services under an arrangement with BMO Financial Group for clients that elected to transfer U.S. retail and institutional assets to the Company. Receivables

Variable Interest Entities

Variable Interest Entities	12 Months Ended
	Dec. 31, 2021
Variable Interest Entities [Abstract]
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 $27 million and $13 million as of December 31, 2021 and 2020, 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 and highly rated senior notes of certain CLOs. The Company consolidates certain CLOs where it is the primary beneficiary and has the power to direct the activities that most significantly impact the economic performance of the CLO. The Company's maximum exposure to loss with respect to non-consolidated CLOs is limited to its amortized cost, which was $1 million and $3 million as of December 31, 2021 and 2020, 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 $44 million and $23 million as of December 31, 2021 and 2020, 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, 2021 and 2020. 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 $43 million and $20 million as of December 31, 2021 and 2020, 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 $138 million and $200 million as of December 31, 2021 and 2020, respectively. The Company had a $8 million and a $9 million liability recorded as of December 31, 2021 and 2020, 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, and commercial and residential mortgage backed securities. The Company classifies these investments as Available-for-Sale securities. The Company has determined that it is not the primary beneficiary of these structures due to the size of the Company’s investment in the entities and position in the capital structure of these entities. 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, 2021 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Common stocks $ — $ 3 $ — $ 3 Syndicated loans — 2,117 64 2,181 Total investments — 2,120 64 2,184 Receivables — 17 — 17 Other assets — — 3 3 Total assets at fair value $ — $ 2,137 $ 67 $ 2,204 Liabilities Debt (1) $ — $ 2,164 $ — $ 2,164 Other liabilities — 137 — 137 Total liabilities at fair value $ — $ 2,301 $ — $ 2,301 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 (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 $2.2 billion and $2.0 billion as of December 31, 2021 and 2020, 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, 2021 $ 92 $ 2 Total gains (losses) included in: Net income 2 (1) 1 (1) Purchases 106 — Sales (38) — Settlements (49) — Transfers into Level 3 119 2 Transfers out of Level 3 (150) (2) Deconsolidation of consolidated investment entities (18) — Balance, December 31, 2021 $ 64 $ 3 Changes in unrealized gains (losses) included in net income relating to assets held at December 31, 2021 $ — $ 1 (1) 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 net 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 net income relating to assets held at December 31, 2019 $ (3) (1) (1) Included in Net investment income. Securities and loans transferred from Level 3 primarily represent assets with fair values that are now obtained from a third-party pricing service with observable inputs or priced in active markets. Securities and loans transferred to Level 3 represent assets with fair values that are now based on a single non-binding broker quote. All Level 3 measurements as of December 31, 2021 and 2020 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. Other liabilities also include accrued interest on CLO debt. Fair Value Option The Company has elected the fair value option for the financial assets and liabilities of the consolidated CLOs. Management believes that the use of the fair value option better matches the changes in fair value of assets and liabilities related to the CLOs. The following table presents the fair value and unpaid principal balance of loans and debt for which the fair value option has been elected: December 31, 2021 2020 (in millions) Syndicated loans Unpaid principal balance $ 2,233 $ 1,990 Excess unpaid principal over fair value (52) (81) Fair value $ 2,181 $ 1,909 Fair value of loans more than 90 days past due $ — $ 5 Fair value of loans in nonaccrual status 13 19 Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both 10 24 Debt Unpaid principal balance $ 2,296 $ 2,069 Excess unpaid principal over fair value (132) (156) Carrying value (1) $ 2,164 $ 1,913 (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 $2.2 billion and $2.0 billion as of December 31, 2021 and 2020, respectively. During the first quarter of 2021, the Company launched two new CLOs and issued debt of $817 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 the changes in fair value of investments the Company owns in the consolidated CLOs where it has elected the fair value option and collateralized financing entity accounting were immaterial for the years ended December 31, 2021, 2020 and 2019. Debt of the consolidated investment entities and the stated interest rates were as follows: Carrying Value Weighted Average December 31, December 31, 2021 2020 2021 2020 (in millions) Debt of consolidated CLOs due 2028-2034 $ 2,164 $ 1,913 1.7 % 2.1 %

Investments

Investments	12 Months Ended
	Dec. 31, 2021
Investments [Abstract]
Investments	The following is a summary of Ameriprise Financial investments: December 31, 2021 2020 (in millions) Available-for-Sale securities, at fair value $ 32,050 $ 36,283 Mortgage loans (allowance for credit losses: 2021, $12; 2020, $29) 1,953 2,718 Policy loans 835 846 Other investments (allowance for credit losses: 2021, $5; 2020, $12) 972 1,184 Total $ 35,810 $ 41,031 Other investments primarily reflect the Company’s interests in affordable housing partnerships, trading securities, equity 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, 2021 2020 2019 (in millions) Investment income on fixed maturities $ 933 $ 1,161 $ 1,378 Net realized gains (losses) 636 (10) (8) Affordable housing partnerships (71) (66) (98) Other 70 89 97 Consolidated investment entities 115 77 94 Total $ 1,683 $ 1,251 $ 1,463 Available-for-Sale securities distributed by type were as follows: Description of Securities December 31, 2021 Amortized Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value (in millions) Corporate debt securities $ 8,737 $ 1,243 $ (48) $ — $ 9,932 Residential mortgage backed securities 10,927 67 (50) — 10,944 Commercial mortgage backed securities 4,950 59 (23) — 4,986 Asset backed securities 3,639 26 (11) — 3,654 State and municipal obligations 850 244 (1) (1) 1,092 U.S. government and agency obligations 1,301 — — — 1,301 Foreign government bonds and obligations 88 5 (1) — 92 Other securities 49 — — — 49 Total $ 30,541 $ 1,644 $ (134) $ (1) $ 32,050 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 As of December 31, 2021 and 2020, accrued interest of $140 million and $178 million, respectively, is excluded from the amortized cost basis of Available-for-Sale securities in the tables above and is recorded in Receivables. As of December 31, 2021 and 2020, investment securities with a fair value of $3.1 billion and $3.6 billion, respectively, were pledged to meet contractual obligations under derivative contracts and short-term borrowings, of which $314 million and $454 million, respectively, may be sold, pledged or rehypothecated by the counterparty. As of December 31, 2021 and 2020, fixed maturity securities comprised approximately 89% and 88%, 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, 2021 and 2020, the Company’s internal analysts rated $400 million and $605 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, 2021 December 31, 2020 Amortized Fair Value Percent of Total Fair Value Amortized Fair Value Percent of Total Fair Value (in millions, except percentages) AAA $ 20,563 $ 20,625 64 % $ 19,815 $ 20,253 56 % AA 727 898 3 1,082 1,312 3 A 1,775 2,129 7 2,953 3,534 10 BBB 6,495 7,268 23 8,271 9,542 26 Below investment grade (1) 981 1,130 3 1,480 1,642 5 Total fixed maturities $ 30,541 $ 32,050 100 % $ 33,601 $ 36,283 100 % (1) The amortized cost and fair value of below investment grade securities includes interest in non-consolidated CLOs managed by the Company of $1 million and $2 million, respectively, as of December 31, 2021 and $3 million as of December 31, 2020. These securities are not rated but are included in below investment grade due to their risk characteristics. As of December 31, 2021 and 2020, approximately 30% and 33%, 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 as of both December 31, 2021 and 2020. The following tables summarize the fair value and gross unrealized losses on Available-for-Sale securities, aggregated by major investment type and the length of time that individual securities have been in a continuous unrealized loss position for which no allowance for credit losses has been recorded: Description of Securities December 31, 2021 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 110 $ 2,056 $ (43) 14 $ 81 $ (5) 124 $ 2,137 $ (48) Residential mortgage backed securities 206 5,808 (48) 56 191 (2) 262 5,999 (50) Commercial mortgage backed securities 102 2,184 (22) 9 139 (1) 111 2,323 (23) Asset backed securities 41 1,883 (11) 6 118 — 47 2,001 (11) State and municipal obligations 26 64 (1) — — — 26 64 (1) Foreign government bonds and obligations 5 6 — 6 4 (1) 11 10 (1) Total 490 $ 12,001 $ (125) 91 $ 533 $ (9) 581 $ 12,534 $ (134) 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) As part of the Company’s ongoing monitoring process, management determined that the change in gross unrealized losses on its Available-for-Sale securities for which an allowance for credit losses has not been recognized during the year ended December 31, 2021 is primarily attributable to higher interest rates. The Company did not recognize these unrealized losses in earnings because it was determined that such losses were due to non-credit factors. The Company does not intend to sell these securities and does not believe that it is more likely than not that the Company will be required to sell these securities before the anticipated recovery of the remaining amortized cost basis. As of December 31, 2021 and 2020, approximately 96% and 92%, respectively, of the total of Available-for-Sale securities with gross unrealized losses were considered investment grade. The following tables present a rollforward of the allowance for credit losses on Available-for-Sale securities: Corporate Debt Securities Asset Backed Securities State and Municipal Obligations Total (in millions) Balance at January 1, 2021 $ 10 $ 1 $ — $ 11 Additions for which credit losses were not previously recorded — — 1 1 Charge-offs (10) (1) — (11) Balance at December 31, 2021 $ — $ — $ 1 $ 1 Corporate Debt Securities Asset Backed Securities Total (in millions) Balance at 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 at 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. Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method, recognized in Net investment income were as follows: Years Ended December 31, 2021 2020 2019 (in millions) Gross realized investment gains $ 582 $ 25 $ 30 Gross realized investment losses (7) (3) (14) Credit losses (1) (11) (22) Other impairments (13) — — Total $ 561 $ 11 $ (6) Credit losses for the year ended December 31, 2021 primarily related to recording an allowance for credit losses on certain state and municipal securities. For the year ended December 31, 2020, credit losses primarily related to recording an allowance for credit losses on certain corporate debt securities, primarily in the oil and gas industry. Other-than-temporary impairments (“OTTI”) 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. Other impairments for the year ended December 31, 2021 related to Available-for-Sale securities that were impaired when they were classified as held for sale prior to being sold in the reinsurance transaction. See Note 1 for more information on the reinsurance transaction. 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, 2021 were as follows: Amortized Cost Fair Value (in millions) Due within one year $ 1,884 $ 1,892 Due after one year through five years 2,125 2,231 Due after five years through 10 years 3,283 3,359 Due after 10 years 3,733 4,984 11,025 12,466 Residential mortgage backed securities 10,927 10,944 Commercial mortgage backed securities 4,950 4,986 Asset backed securities 3,639 3,654 Total $ 30,541 $ 32,050

Financing Receivables

Financing Receivables	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Financing Receivables	Financing receivables are comprised of commercial loans, consumer loans, and deposit receivables. See Note 2 for information regarding the Company’s accounting policies related to financing receivables and the allowance for credit losses. Allowance for Credit Losses The following tables present a rollforward of the allowance for credit losses: Commercial Loans Consumer Loans Total (in millions) Balance, January 1, 2021 $ 66 $ 2 $ 68 Provisions (13) 2 (11) Charge-offs (8) (2) (10) Recoveries — 1 1 Other 2 — 2 Balance, December 31, 2021 $ 47 $ 3 $ 50 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 (in millions) Balance at January 1, 2019 $ 49 Provisions 5 Charge-offs (4) Recoveries of amounts previously written off 1 Balance at December 31, 2019 $ 51 The decrease in the allowance for credit losses provision for commercial loans reflects the sale of certain commercial mortgage loans and syndicated loans in conjunction with the fixed deferred and immediate annuity reinsurance transaction discussed in Note 1. Accrued interest on commercial loans was $13 million and $16 million as of December 31, 2021 and 2020, respectively, and is recorded in Receivables and excluded from the amortized cost basis of commercial loans. Purchases and Sales During the year ended December 31, 2021, the Company sold $746 million of commercial mortgage loans. During the years ended December 31, 2021, 2020 and 2019, the Company purchased $37 million, $173 million and $162 million, respectively, of syndicated loans, and sold $354 million, $17 million and $54 million, respectively, of syndicated loans. During the years ended December 31, 2021 and 2020, the Company purchased $33 million and $22 million, respectively, of residential mortgage loans, and sold $1 million and nil, respectively, of residential mortgage loans. The allowance for credit losses for residential mortgage loans was not material as of both December 31, 2021 and 2020. The Company has not acquired any loans with deteriorated credit quality as of the acquisition date. Credit Quality Information Nonperforming loans were $9 million and $21 million as of December 31, 2021 and 2020, 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, 2021 and 2020. 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 through December 31, 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. There were no additional modifications during the year ended December 31, 2021. As of December 31, 2021, there were no loans remaining that were modified due to COVID-19. All loans returned to their normal payment schedules. Total commercial mortgage loans past due were nil as of December 31, 2021 and 2020, respectively. The tables below present the amortized cost basis of commercial mortgage loans by the year of origination and loan-to-value ratio: December 31, 2021 Loan-to-Value Ratio 2021 2020 2019 2018 2017 Prior Total (in millions) > 100% $ — $ — $ 20 $ 10 $ — $ 29 $ 59 80% - 100% 9 2 9 2 — 29 51 60% - 80% 142 80 60 23 61 138 504 40% - 60% 42 33 86 74 57 401 693 < 40% 11 8 48 6 58 478 609 Total $ 204 $ 123 $ 223 $ 115 $ 176 $ 1,075 $ 1,916 December 31, 2020 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, 2021 2020 2021 2020 (in millions) East North Central $ 194 $ 259 10 % 10 % East South Central 57 115 3 4 Middle Atlantic 122 178 6 7 Mountain 119 247 6 9 New England 28 54 2 2 Pacific 627 825 33 30 South Atlantic 497 681 26 25 West North Central 141 198 7 7 West South Central 131 168 7 6 1,916 2,725 100 % 100 % Less: allowance for credit losses 12 29 Total $ 1,904 $ 2,696 Concentrations of credit risk of commercial mortgage loans by property type were as follows: Loans Percentage December 31, December 31, 2021 2020 2021 2020 (in millions) Apartments $ 496 $ 713 26 % 26 % Hotel 14 50 1 2 Industrial 319 427 17 16 Mixed use 68 87 3 3 Office 271 372 14 14 Retail 617 881 32 32 Other 131 195 7 7 1,916 2,725 100 % 100 % Less: allowance for credit losses 12 29 Total $ 1,904 $ 2,696 Syndicated Loans The recorded investment in syndicated loans as of December 31, 2021 and 2020 was $149 million and $595 million, respectively. The Company’s syndicated loan portfolio is diversified across industries and issuers. Total syndicated loans past due were nil and $3 million as of December 31, 2021 and 2020, 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 tables below present the amortized cost basis of syndicated loans by origination year and internal risk rating: December 31, 2021 Internal Risk Rating 2021 2020 2019 2018 2017 Prior Total (in millions) Risk 5 $ — $ — $ 1 $ — $ — $ — $ 1 Risk 4 — — — — 1 2 3 Risk 3 — — 4 5 5 6 20 Risk 2 15 4 12 10 18 12 71 Risk 1 8 3 3 11 16 13 54 Total $ 23 $ 7 $ 20 $ 26 $ 40 $ 33 $ 149 December 31, 2020 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 $5 million and $7 million as of December 31, 2021 and December 31, 2020, respectively. The tables below present the amortized cost basis of advisor loans by origination year and termination status: December 31, 2021 Termination Status 2021 2020 2019 2018 2017 Prior Total (in millions) Active $ 136 $ 147 $ 119 $ 89 $ 116 $ 113 $ 720 Terminated 1 1 — — — 6 8 Total $ 137 $ 148 $ 119 $ 89 $ 116 $ 119 $ 728 December 31, 2020 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 based on the number of days past due. Credit card receivables over 30 days past due were 1% of total credit card receivables as of both December 31, 2021 and December 31, 2020. The table below presents the amortized cost basis of credit card receivables by FICO score: December 31, 2021 December 31, 2020 (in millions) > 800 $ 30 $ 28 750 - 799 24 23 700 - 749 25 25 650 - 699 14 15 < 650 5 5 Total $ 98 $ 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 margin loans balance was $1.2 billion and $1.0 billion as of December 31, 2021 and 2020, respectively. 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, 2021 and 2020, the allowance for credit losses on margin loans was not material. Pledged Asset Lines of Credit The pledged asset lines of credit balance was $467 million and $224 million million as of December 31, 2021 and 2020, respectively. The Company monitors collateral supporting pledged asset lines of credit and requests additional collateral when necessary in order to mitigate the risk of loss. As of December 31, 2021 and 2020, there was no allowance for credit losses on pledged asset lines of credit. Deposit Receivables Deposit receivables were $7.9 billion and $1.4 billion as of December 31, 2021 and 2020, respectively. Deposit receivables are fully collateralized by the fair value of the assets held in trusts. Based on management’s evaluation of the nature of the underlying assets and the potential for changes in the collateral value, there was no allowance for credit losses for the deposit receivables as of December 31, 2021 and 2020. The increase in deposit receivables is primarily driven by the reinsurance transaction, effective July 1, 2021, to reinsure fixed deferred and non-life contingent immediate annuity policies. See Note 1 for more information on the fixed deferred and immediate annuity reinsurance transaction. Troubled Debt Restructurings There were no loans accounted for as a troubled debt restructuring by the Company during the years ended December 31, 2021, 2020 and 2019. There are no commitments to lend additional funds to borrowers whose loans have been restructured.

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2021
Reinsurance Disclosures [Abstract]
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. During the third quarter of 2021, RiverSource Life reinsured 100% of its insurance risk associated with its life contingent immediate annuity policies in force as of July 1, 2021 through a reinsurance agreement with Commonwealth. Policies issued after July 1, 2021 are not subject to this reinsurance agreement. See Note 1 for more information on the fixed deferred and immediate annuity reinsurance transaction. 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, 2021 and 2020, traditional life and UL insurance policies in force were $198.6 billion and $195.7 billion, respectively, of which $145.1 billion and $143.6 billion as of December 31, 2021 and 2020 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, 2021 2020 2019 (in millions) Direct premiums $ 490 $ 565 $ 621 Reinsurance ceded (1,361) (224) (224) Net premiums $ (871) $ 341 $ 397 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 $152 million, $140 million and $132 million for the years ended December 31, 2021, 2020 and 2019, respectively. The effect of reinsurance on premiums for the Company’s short-duration contracts was as follows: Year Ended December 31, 2019 (1) (in millions) Written premiums Direct $ 864 Ceded (23) Total net written premiums $ 841 Earned premiums Direct $ 841 Ceded (24) Total net earned premiums $ 817 (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 $404 million, $400 million and $407 million for the years ended December 31, 2021, 2020 and 2019, respectively. Receivables included $4.5 billion and $3.4 billion of reinsurance recoverables as of December 31, 2021 and 2020, respectively, including $2.6 billion and $2.7 billion related to LTC risk ceded to Genworth, respectively. Policyholder account balances, future policy benefits and claims include $413 million and $440 million related to previously assumed reinsurance arrangements as of December 31, 2021 and 2020, respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
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 nil, $2 million and $5 million of impairments of indefinite-lived intangible assets recorded for the years ended December 31, 2021, 2020 and 2019, respectively. 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, 2020 $ 279 $ 797 $ 91 $ 1,167 Foreign currency translation — 10 — 10 Other adjustments — (1) — (1) Balance at December 31, 2020 279 806 91 1,176 Acquisitions — 287 — 287 Foreign currency translation — (4) — (4) Other adjustments — (1) — (1) Balance at December 31, 2021 $ 279 $ 1,088 $ 91 $ 1,458 On November 8, 2021, the Company completed its acquisition of the European-based asset management business of BMO Financial Group for $973 million, excluding an estimated $7 million reduction due to customary deferred and contingent adjustments. The all-cash transaction added $136 billion of assets under management in EMEA. The acquisition extends our reach in EMEA and accelerates our core strategy of growing fee-based businesses. Acquisition-related costs were $32 million and are included in General and administrative expense. The fair value of the total consideration paid and the recognized assets and acquired liabilities assumed for this business are included in the table below. Goodwill of $287 million arising from acquisition consists largely of the synergies and economies of scale expected from combining the Company’s EMEA operations. All goodwill was assigned to the Asset Management segment. The following table summarizes the consideration paid, assets acquired, and liabilities assumed at the acquisition date: November 8, 2021 (in millions) Consideration paid Cash $ 973 Deferred considerations (35) Contingent considerations 28 Total fair value $ 966 Recognized Assets / Liabilities Assets Cash and cash equivalents $ 397 Investments 77 Receivables 116 Other assets 295 Total assets 885 Liabilities Debt 2 Accounts payable and accrued expenses 235 Other liabilities 190 Total liabilities 427 Identifiable net assets $ 458 Intangible assets $ 295 Deferred tax liability 74 Goodwill 287 The fair value of the pension plan assets and liabilities, the recognized deferred tax assets and other components of deferred and contingent consideration reflects the provisional valuation of those assets and liabilities. The carrying amount of indefinite-lived intangible assets consist of the following: December 31, 2021 2020 (in millions) Customer contracts $ 848 $ 640 Trade names 69 69 Total $ 917 $ 709 Definite-lived intangible assets consisted of the following: December 31, 2021 December 31, 2020 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (in millions) Customer relationships $ 254 $ (163) $ 91 $ 193 $ (155) $ 38 Contracts 235 (217) 18 223 (211) 12 Other 272 (188) 84 226 (168) 58 Total $ 761 $ (568) $ 193 $ 642 $ (534) $ 108 Definite-lived intangible assets acquired during the year ended December 31, 2021 were $89 million with a weighted average amortization period of 10 years. The aggregate amortization expense for definite-lived intangible assets during the years ended December 31, 2021, 2020 and 2019 was $34 million, $31 million and $37 million, respectively. In 2021, 2020 and 2019, the Company did not record any impairment charges on definite-lived intangible assets. Estimated intangible amortization expense as of December 31, 2021 for the next five years is as follows: (in millions) 2022 $ 31 2023 27 2024 16 2025 10 2026 7

Deferred Acquisition Costs and

Deferred Acquisition Costs and Deferred Sales Inducement Costs	12 Months Ended
	Dec. 31, 2021
Deferred Charges, Insurers [Abstract]
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, 2021 primarily reflected a favorable impact from lower surrenders on variable annuities with living benefits and UL and VUL insurance products. 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 balances of and changes in DAC were as follows: 2021 2020 2019 (in millions) Balance at January 1 $ 2,532 $ 2,698 $ 2,776 Capitalization of acquisition costs 280 228 291 Amortization (184) (177) (165) Amortization, impact of valuation assumptions review 60 (100) (14) Impact of change in net unrealized (gains) losses on securities 94 (117) (175) Disposal of business — — (15) Balance at December 31 $ 2,782 $ 2,532 $ 2,698 The balances of and changes in DSIC, which is included in Other assets, were as follows: 2021 2020 2019 (in millions) Balance at January 1 $ 189 $ 218 $ 251 Capitalization of sales inducement costs 1 1 1 Amortization (16) (13) (15) Amortization, impact of valuation assumptions review 2 (16) — Impact of change in net unrealized (gains) losses on securities 13 (1) (19) Balance at December 31 $ 189 $ 189 $ 218

Policyholder Account Balances,

Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities	12 Months Ended
	Dec. 31, 2021
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities [Abstract]
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, 2021 2020 (in millions) Policyholder account balances Fixed annuities (1) $ 8,117 $ 8,531 Variable annuity fixed sub-accounts 4,990 5,104 UL/VUL insurance 3,103 3,122 IUL insurance 2,534 2,269 Structured variable annuities 4,440 1,371 Other life insurance 563 605 Total policyholder account balances 23,747 21,002 Future policy benefits Variable annuity GMWB 2,336 3,049 Variable annuity GMAB (2) (23) 1 Other annuity liabilities 67 211 Fixed annuity life contingent liabilities 1,278 1,370 Life and DI insurance 1,139 1,187 LTC insurance 5,664 5,722 UL/VUL and other life insurance additional liabilities 1,291 1,259 Total future policy benefits 11,752 12,799 Policy claims and other policyholders’ funds 251 191 Total policyholder account balances, future policy benefits and claims $ 35,750 $ 33,992 (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 December 31, 2021 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 2.23% to 9.38% as of December 31, 2021, depending on year of issue, with an average rate of approximately 3.6%. 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 two 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 issued by the Company contain one or more guaranteed benefits, including GMWB, GMAB, GMDB or 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 stated account parameters, which include a cap and floor, or a spread ). 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 two 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, 2021. Anticipated interest rates for DI policies ranged from 3% to 7.5% as of December 31, 2021 and for LTC policies ranged from 5% to 5.7% as of December 31, 2021. 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 5.95% for DI and LTC claims, respectively, as of December 31, 2021. 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, 2021 2020 (in millions) Variable annuity $ 82,862 $ 79,299 VUL insurance 9,343 8,226 Other insurance 33 31 Threadneedle investment liabilities 5,253 5,055 Total $ 97,491 $ 92,611 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, 2021
Insurance [Abstract]
Variable Annuity and Insurance Guarantees	Most of the variable annuity contracts issued by the Company contain one or more guaranteed benefits, including GMWB, GMAB, GMDB or GGU 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 contract issue the guaranteed amount is equal to the amount deposited but the guarantee may be increased annually to the account value (a “step-up”) in the case of favorable market performance or by a benefit credit if the contract includes this provision. The Company has GMWB riders in force, which contain one or more of the following provisions: • Withdrawals at a specified rate per year until the amount withdrawn is equal to the guaranteed amount. • Withdrawals at a specified rate per year for the life of the contractholder (“GMWB for life”). • Withdrawals at a specified rate per year for joint contractholders while either is alive. • Withdrawals based on performance of the contract. • Withdrawals based on the age withdrawals begin. • Credits are applied annually for a specified number of years to increase the guaranteed amount as long as withdrawals have not been taken. Variable annuity contractholders age 79 or younger at contract issue 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 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, 2021 December 31, 2020 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 $ 70,020 $ 68,145 $ 6 69 $ 66,874 $ 64,932 $ 5 68 Five/six-year reset 8,309 5,612 6 68 8,116 5,386 6 68 One-year ratchet 6,177 5,858 13 71 6,094 5,763 8 71 Five-year ratchet 1,438 1,386 1 68 1,436 1,381 — 67 Other 1,302 1,286 38 74 1,261 1,243 45 73 Total — GMDB $ 87,246 $ 82,287 $ 64 69 $ 83,781 $ 78,705 $ 64 68 GGU death benefit $ 1,260 $ 1,198 $ 184 72 $ 1,183 $ 1,126 $ 162 71 GMIB $ 184 $ 170 $ 4 71 $ 187 $ 173 $ 6 71 GMWB: GMWB $ 1,900 $ 1,895 $ 1 75 $ 1,972 $ 1,967 $ 1 74 GMWB for life 52,387 52,334 187 69 50,142 50,057 185 69 Total — GMWB $ 54,287 $ 54,229 $ 188 69 $ 52,114 $ 52,024 $ 186 69 GMAB $ 2,005 $ 2,005 $ — 62 $ 2,291 $ 2,291 $ — 61 (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, 2021 December 31, 2020 Net Amount at Risk Weighted Average Attained Age Net Amount at Risk Weighted Average Attained Age (in millions, except age) UL secondary guarantees $ 6,564 68 $ 6,587 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, 2019 $ 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 Incurred claims 17 — (713) (24) 140 Paid claims (5) (1) — — (36) Balance at December 31, 2021 $ 36 $ 5 $ 2,336 $ (23) $ 1,020 (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, 2021 2020 (in millions) Mutual funds: Equity $ 49,183 $ 45,947 Bond 24,998 26,073 Other 8,316 6,911 Total mutual funds $ 82,497 $ 78,931 No gains or losses were recognized on assets transferred to separate accounts for the years ended December 31, 2021, 2020 and 2019.

Customer Deposits

Customer Deposits	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
Customer Deposits	Customer deposits consisted of the following: December 31, 2021 2020 (in millions) Fixed rate certificates $ 4,995 $ 6,341 Stock market certificates 287 389 Stock market embedded derivatives 4 8 Other 15 22 Less: accrued interest classified in other liabilities (5) (10) Total investment certificate reserves 5,296 6,750 Banking and brokerage deposits 14,931 10,891 Total $ 20,227 $ 17,641 Investment Certificates The Company offers fixed rate investment certificates primarily in amounts ranging from $1 thousand 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 $2.7 billion and $3.2 billion as of December 31, 2021 and 2020, respectively. 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 nil to 2.35%, 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, 2021
Debt Disclosure [Abstract]
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, 2021 2020 2021 2020 (in millions) Long-term debt: 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 500 500 3.0 3.0 Senior notes due 2026 500 500 2.9 2.9 Finance lease liabilities 40 44 N/A N/A Other (1) (8) (13) N/A N/A Total long-term debt 2,832 2,831 Short-term borrowings: Federal Home Loan Bank (“FHLB”) advances 200 200 0.3 % 0.4 % Total $ 3,032 $ 3,031 (1) Includes adjustments for net unamortized discounts, debt issuance costs and other lease obligations. N/A Not Applicable Long-Term Debt The Company’s senior notes 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 $1.2 billion and $1.3 billion, of commercial mortgage backed securities, and $581 million and $604 million, of residential mortgage backed securities, as of December 31, 2021 and 2020, respectively. The remaining maturity of outstanding FHLB advances was less than three months as of both December 31, 2021 and 2020. 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.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Values of Assets and Liabilities	GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; that is, an exit price. The exit price assumes the asset or liability is not exchanged subject to a forced liquidation or distressed sale. Valuation Hierarchy The Company categorizes its fair value measurements according to a three-level hierarchy. The hierarchy prioritizes the inputs used by the Company’s valuation techniques. A level is assigned to each fair value measurement based on the lowest level input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are defined as follows: Level 1 Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date. Level 2 Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities. Level 3 Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. The following tables present the balances of assets and liabilities of Ameriprise Financial measured at fair value on a recurring basis: December 31, 2021 Level 1 Level 2 Level 3 Total (in millions) Assets Cash equivalents $ 2,341 $ 3,478 $ — $ 5,819 Available-for-Sale securities: Corporate debt securities — 9,430 502 9,932 Residential mortgage backed securities — 10,944 — 10,944 Commercial mortgage backed securities — 4,951 35 4,986 Asset backed securities — 3,647 7 3,654 State and municipal obligations — 1,092 — 1,092 U.S. government and agency obligations 1,301 — — 1,301 Foreign government bonds and obligations — 92 — 92 Other securities — 49 — 49 Total Available-for-Sale securities 1,301 30,205 544 32,050 Investments at net asset value (“NAV”) 11 (1) Trading and other securities 217 25 — 242 Separate account assets at NAV 97,491 (1) Investments and cash equivalents segregated for regulatory purposes 600 — — 600 Receivables: Fixed deferred indexed annuity ceded embedded derivatives — — 59 59 Other assets: Interest rate derivative contracts 1 1,251 — 1,252 Equity derivative contracts 158 4,135 — 4,293 Credit derivative contracts — 9 — 9 Foreign exchange derivative contracts 1 19 — 20 Total other assets 160 5,414 — 5,574 Total assets at fair value $ 4,619 $ 39,122 $ 603 $ 141,846 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives $ — $ 5 $ 56 $ 61 IUL embedded derivatives — — 905 905 GMWB and GMAB embedded derivatives — — 1,486 1,486 (2) Structured variable annuity embedded derivatives — — 406 406 Total policyholder account balances, future policy benefits and claims — 5 2,853 2,858 (3) Customer deposits — 4 — 4 Other liabilities: Interest rate derivative contracts 1 467 — 468 Equity derivative contracts 101 3,653 — 3,754 Foreign exchange derivative contracts 1 — — 1 Other 212 4 61 277 Total other liabilities 315 4,124 61 4,500 Total liabilities at fair value $ 315 $ 4,133 $ 2,914 $ 7,362 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 (4) Structured variable annuity embedded derivatives — — 70 70 Total policyholder account balances, future policy benefits and claims — 3 3,370 3,373 (5) 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 (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 $1.6 billion of individual contracts in a liability position and $133 million of individual contracts in an asset position (recorded as a contra liability) as of December 31, 2021. (3) The Company’s adjustment for nonperformance risk resulted in a $598 million cumulative decrease to the embedded derivatives as of December 31, 2021. (4) 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. (5) The Company’s adjustment for nonperformance risk resulted in a $727 million cumulative decrease to the embedded derivatives as of December 31, 2020 . 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 Receivables Corporate Debt Securities Residential Mortgage Backed Securities Commercial Mortgage Backed Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2021 $ 772 $ 9 $ — $ 32 $ 813 $ — Total gains (losses) included in: Net income (1) — — — (1) (1) 3 Other comprehensive income (loss) (10) — — — (10) — Purchases 108 78 35 — 221 — Sales — — — (1) (1) — Issues — — — — — 57 (5) Settlements (119) — — (2) (121) (1) Transfers into Level 3 168 — — 2 170 — Transfers out of Level 3 (416) (87) — (24) (527) — Balance at December 31, 2021 $ 502 $ — $ 35 $ 7 $ 544 $ 59 Changes in unrealized gains (losses) in net income relating to assets held at December 31, 2021 $ (1) $ — $ — $ (1) $ (2) (1) $ — Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at December 31, 2021 $ (8) $ — $ — $ 1 $ (7) $ — Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives GMWB and GMAB Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2021 $ 49 $ 935 $ 2,316 $ 70 $ 3,370 $ 43 Total (gains) losses included in: Net income 10 (2) 68 (2) (1,344) (3) 393 (3) (873) (13) (4) Issues — — 369 (28) 341 45 Settlements (3) (98) 145 (29) 15 (14) Balance at December 31, 2021 $ 56 $ 905 $ 1,486 $ 406 $ 2,853 $ 61 Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2021 $ — $ 68 (2) $ (1,299) (3) $ — $ (1,231) $ — Available-for-Sale Securities Corporate Debt Securities Residential Mortgage Backed Securities Asset Backed Securities Total (in millions) Balance at 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 at December 31, 2020 $ 772 $ 9 $ 32 $ 813 Changes in unrealized gains (losses) in net income 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 Embedded Derivatives GMWB and GMAB Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at 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 at December 31, 2020 $ 49 $ 935 $ 2,316 $ 70 $ 3,370 $ 43 Changes in unrealized (gains) losses in net income 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 at 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 at December 31, 2019 $ 750 $ 17 $ — $ 19 $ 786 Changes in unrealized gains (losses) in net income 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 Embedded Derivatives GMWB and GMAB Embedded Derivatives Total (in millions) Balance at 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 at December 31, 2019 $ 43 $ 881 $ 763 $ 1,687 $ 44 Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2019 $ — $ 209 (2) $ 82 (3) $ 291 $ — (1) Included in Net investment income. (2) Included in Interest credited to fixed accounts. (3) Included in Benefits, claims, losses and settlement expenses. (4) Included in General and administrative expense. (5) Represents the amount of ceded embedded derivatives associated with fixed deferred annuity products reinsured in the third quarter of 2021. See Note 1 for additional information on the reinsurance transaction. The increase (decrease) to pretax income of the Company’s adjustment for nonperformance risk on the fair value of its embedded derivatives was $(92) million, $196 million and $(190) million, net of DAC, DSIC, unearned revenue amortization and the reinsurance accrual, for the years ended December 31, 2021, 2020 and 2019, respectively. Securities transferred from Level 3 primarily represent securities with fair values that are obtained from a third-party pricing service with observable inputs or fair values that were included in an observable transaction with a market participant. Securities transferred to Level 3 represent securities with fair values that are now based on a single non-binding broker quote. The following tables provide a summary of the significant unobservable inputs used in the fair value measurements developed by the Company or reasonably available to the Company of Level 3 assets and liabilities: December 31, 2021 Fair Value Valuation Technique Unobservable Input Range Weighted (in millions) Corporate debt securities (private placements) $ 502 Discounted cash flow Yield/spread to U.S. Treasuries (1) 0.8% – 2.4% 1.1% Asset backed securities $ 2 Discounted cash flow Annual short-term default rate (2) 0.8% 0.8% Annual long-term default rate (2) 3.5% 3.5% Discount rate 12.0% 12.0% Constant prepayment rate 10.0% 10.0% Loss recovery 63.6% 63.6% Fixed deferred indexed annuity ceded embedded derivatives $ 59 Discounted cash flow Surrender rate (4) 0.0% – 66.8% 1.4% IUL embedded derivatives $ 905 Discounted cash flow Nonperformance risk (3) 65 bps 65 bps Fixed deferred indexed annuity embedded derivatives $ 56 Discounted cash flow Surrender rate (4) 0.0% – 66.8% 1.4% Nonperformance risk (3) 65 bps 65 bps GMWB and GMAB embedded derivatives $ 1,486 Discounted cash flow Utilization of guaranteed withdrawals (5) (6) 0.0% – 48.0% 10.6% Surrender rate (4) 0.1% – 55.7% 3.6% Market volatility (7) (8) 4.3% – 16.8% 10.8% Nonperformance risk (3) 65 bps 65 bps Structured variable annuity embedded derivatives $ 406 Discounted cash flow Surrender rate (4) 0.8% – 40.0% 0.9% Nonperformance risk (3) 65 bps 65 bps Contingent consideration liabilities $ 61 Discounted cash flow Discount rate (9) 0.0% – 0.0% 0.0% 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% (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 represents the 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. (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. Level 3 measurements not included in the table above are obtained from non-binding broker quotes where unobservable inputs utilized in the fair value calculation are not reasonably available to the Company. Uncertainty of Fair Value Measurements Significant increases (decreases) in the yield/spread to U.S. Treasuries used in the fair value measurement of Level 3 corporate debt securities in isolation would have resulted in a significantly lower (higher) fair value measurement. Significant increases (decreases) in the annual default rate and discount rate used in the fair value measurement of Level 3 asset backed securities in isolation, generally, would have resulted in a significantly lower (higher) fair value measurement and significant increases (decreases) in loss recovery in isolation would have resulted in a significantly lower (higher) fair value measurement. Significant increases (decreases) in the constant prepayment rate in isolation would have resulted in a significantly lower (higher) fair value measurement. Significant increases (decreases) in the surrender rate used in the fair value measurement of the fixed deferred indexed annuity ceded embedded derivatives in isolation would have resulted in a significantly lower (higher) fair value measurement. Significant increases (decreases) in nonperformance risk used in the fair value measurement of the IUL embedded derivatives in isolation would have resulted in a significantly lower (higher) fair value measurement. Significant increases (decreases) in nonperformance risk and surrender rate used in the fair value measurements of the fixed deferred indexed annuity embedded derivatives and structured variable annuity embedded derivatives in isolation would have resulted in a significantly lower (higher) liability value. Significant increases (decreases) in utilization and volatility used in the fair value measurement of the GMWB and GMAB embedded derivatives in isolation would have resulted in a significantly higher (lower) liability value. Significant increases (decreases) in nonperformance risk and surrender rate used in the fair value measurement of the GMWB and GMAB embedded derivatives in isolation would have resulted in a significantly lower (higher) liability value. Utilization of guaranteed withdrawals and surrender rates vary with the type of rider, the duration of the policy, the age of the contractholder, the distribution channel and whether the value of the guaranteed benefit exceeds the contract accumulation value. Significant increases (decreases) in the discount rate used in the fair value measurement of the contingent consideration liability in isolation would have resulted in a significantly lower (higher) fair value measurement. Determination of Fair Value The Company uses valuation techniques consistent with the market and income approaches to measure the fair value of its assets and liabilities. The Company’s market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The Company’s income approach uses valuation techniques to convert future projected cash flows to a single discounted present value amount. When applying either approach, the Company maximizes the use of observable inputs and minimizes the use of unobservable inputs. The following is a description of the valuation techniques used to measure fair value and the general classification of these instruments pursuant to the fair value hierarchy. Assets Cash Equivalents Cash equivalents include time deposits and other highly liquid investments with original or remaining maturities at the time of purchase of 90 days or less. Actively traded money market funds are measured at their NAV and classified as Level 1. U.S. Treasuries are also classified as Level 1. The Company’s remaining cash equivalents are classified as Level 2 and measured at amortized cost, which is a reasonable estimate of fair value because of the short time between the purchase of the instrument and its expected realization. Investments (Available-for-Sale Securities, Equity Securities and Trading Securities) When available, the fair value of securities is based on quoted prices in active markets. If quoted prices are not available, fair values are obtained from third-party pricing services, non-binding broker quotes, or other model-based valuation techniques. Level 1 securities primarily include equity securities and U.S. Treasuries. Level 2 securities primarily include corporate bonds, residential mortgage backed securities, commercial mortgage backed securities, asset backed securities, state and municipal obligations and foreign government securities. The fair value of these Level 2 securities is based on a market approach with prices obtained from third-party pricing services. Observable inputs used to value these securities can include, but are not limited to, reported trades, benchmark yields, issuer spreads and non-binding broker quotes. The fair value of securities included in an observable transaction with a market participant are also considered Level 2 when the market is not active. Level 3 securities primarily include certain corporate bonds, non-agency residential mortgage backed securities, commercial mortgage backed securities and asset backed securities with fair value typically based on a single non-binding broker quote. The underlying inputs used for some of the non-binding broker quotes are not readily available to the Company. The Company’s privately placed corporate bonds are typically based on a single non-binding broker quote. The fair value of certain asset backed securities is determined using a discounted cash flow model. Inputs used to determine the expected cash flows include assumptions about discount rates and default, prepayment and recovery rates of the underlying assets. Given the significance of the unobservable inputs to this fair value measurement, the fair value of the investment in certain asset backed securities is classified as Level 3. In consideration of the above, management is responsible for the fair values recorded on the financial statements. Prices received from third-party pricing services are subjected to exception reporting that identifies investments with significant daily price movements as well as no movements. The Company reviews the exception reporting and resolves the exceptions through reaffirmation of the price or recording an appropriate fair value estimate. The Company also performs subsequent transaction testing. The Company performs annual due diligence of third-party pricing services. The Company’s due diligence procedures include assessing the vendor’s valuation qualifications, control environment, analysis of asset-class specific valuation methodologies, and understanding of sources of market observable assumptions and unobservable assumptions, if any, employed in the valuation methodology. The Company also considers the results of its exception reporting controls and any resulting price challenges that arise. Separate Account Assets The fair value of assets held by separate accounts is determined by the NAV of the funds in which those separate accounts are invested. The NAV is used as a practical expedient for fair value and represents the exit price for the separate account. Separate account assets are excluded from classification in the fair value hierarchy. Investments and Cash Equivalents Segregated for Regulatory Purposes Investments and cash equivalents segregated for regulatory purposes includes U.S. Treasuries that are classified as Level 1. Receivables During the third quarter of 2021, the Company reinsured its fixed deferred indexed annuity products which have an indexed account that is accounted for as an embedded derivative. The Company uses discounted cash flow models to determine the fair value of these ceded embedded derivatives. The fair value of fixed deferred indexed annuity ceded embedded derivatives includes significant observable interest rates, volatilities and equity index levels and significant unobservable surrender rates. Given the significance of the unobservable surrender rates, these embedded derivatives are classified as Level 3. See Note 1 for more information on the reinsurance transaction. Other Assets Derivatives that are measured using quoted prices in active markets, such as derivatives that are exchange-traded, are classified as Level 1 measurements. The variation margin on futures contracts is also classified as Level 1. The fair value of derivatives that are traded in less active over-the-counter (“OTC”) markets is generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These measurements are classified as Level 2 within the fair value hierarchy and include swaps, foreign currency forwards and the majority of options. The counterparties’ nonperformance risk associated with uncollateralized derivative assets was immaterial as of December 31, 2021 and 2020. See Note 16 and Note 17 for further information on the credit risk of derivative instruments and related collateral. Liabilities Policyholder Account Balances, Future Policy Benefits and Claims There is no active market for the transfer of the Company’s embedded derivatives attributable to the provisions of certain variable annuity riders, fixed deferred indexed annuity, structured variable annuity and IUL products. The Company values the embedded derivatives attributable to the provisions of certain variable annuity riders using internal valuation models. These models calculate fair value as the present value of future expected benefit payments less the present value of future expected rider fees attributable to the embedded derivative feature. The projected cash flows used by these models include observable capital market assumptions and incorporate significant unobservable inputs related to implied volatility as well as contractholder behavior assumptions that include margins for risk, all of which the Company believes a market participant would expect. The fair value also reflects a current estimate of the Company’s nonperformance risk specific to these embedded derivatives. Given the significant unobservable inputs to this valuation, these measurements are classified as Level 3. The embedded derivatives attributable to these provisions are recorded in Policyholder account balances, future policy benefits and claims. The Company uses a discounted cash flow model to determine the fair value of the embedded derivatives associated with the provisions of its equity index annuity product. The projected cash flows generated by this model are based on significant observable inputs related to interest rates, volatilities and equity index levels and, therefore, are classified as Level 2. The Company uses discounted cash flow models to determine the fair value of the embedded derivatives associated with the provisions of its fixed deferred indexed annuity, structured variable annuity and IUL products. The structured variable annuity product is a limited flexible purchase payment annuity that offers 45 different indexed account options providing equity market exposure and a fixed account. Each indexed account includes a protection option (a buffer or a floor). If the index has a negative return, contractholder losses will be reduced by a buffer or limited to a floor. The portion allocated to an indexed account is accounted for as an embedded derivative. The fair value of fixed deferred indexed annuity, structured variable annuity and IUL embedded derivatives includes significant observable interest rates, volatilities and equity index levels and significant unobservable surrender rates and the estimate of the Company’s nonperformance risk. Given the significance of the unobservable surrender rates and the nonperformance risk assumption, the fixed deferred indexed annuity, structured variable annuity and IUL embedded derivatives are classified as Level 3. The embedded derivatives attributable to these provisions are recorded in Policyholder account balances, future policy benefits and claims. Customer Deposits The Company uses various Black-Scholes calculations to determine the fair value of the embedded derivative liability associated with the provisions of its stock market certificates (“SMC”). The inputs to these calculations are primarily market observable and include interest rates, volatilities and equity index levels. As a result, these measurements are classified as Level 2. Other Liabilities Derivatives that are measured using quoted prices in active markets, such as derivatives that are exchange-traded, are classified as Level 1 measurements. The variation margin on futures contracts is also classified as Level 1. The fair value of derivatives that are traded in less active OTC markets is generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These measurements are classified as Level 2 within the fair value hierarchy and include swaps, foreign currency forwards and the majority of options. The Company’s nonperformance risk associated with uncollateralized derivative liabilities was immaterial as of December 31, 2021 and 2020. See Note 16 and Note 17 for further information on the credit risk of derivative instruments and related collateral. Securities sold but not yet purchased represent obligations of the Company to deliver specified securities that it does not yet own, creating a liability to purchase the security in the market at prevailing prices. When available, the fair value of securities is based on quoted prices in active markets. If quoted prices are not available, fair values are obtained from nationally-recognized pricing services, or other model-based valuation techniques such as the present value of cash flows. Level 1 securities sold but not yet purchased primarily include equity securities and U.S. Treasuries traded in active markets. Level 2 securities sold but not yet purchased primarily include corporate bonds. Contingent consideration liabilities consist of earn-outs and/or deferred payments related to the Company’s acquisitions. Contingent consideration liabilities are recorded at fair value utilizing a discounted cash flow model using an unobservable input (discount rate). Given the use of a significant unobservable input, the fair value of contingent consideration liabilities is classified as Level 3 within the fair value hierarchy. Fair Value on a Nonrecurring Basis The Company assesses its investment in affordable housing partnerships for impairment. The investments that are determined to be impaired are written down to their fair value. The Company uses a discounted cash flow model to measure the fair value of these investments. Inputs to the discounted cash flow model are estimates of future net operating losses and tax credits available to the Company and discount rates based on market condition and the financial strength of the syndicator (general partner). The balance of affordable housing partnerships measured at fair value on a nonrecurring basis was $93 million and $101 million as of December 31, 2021 and 2020, respectively, and is classified as Level 3 in the fair value hierarchy. The Company also measured certain equity-method investments at fair value on a nonrecurring basis using a discounted cash flow model. Inputs to the model include projected cash flows and a market-based discount rate. At December 31, 2021, the fair value of these investments was $7 million and is classified as Level 3 in the fair value hierarchy. Assets and Liabilities Not Reported at Fair Value The following tables provide the carrying value and the estimated fair value of financial instruments that are not reported at fair value: December 31, 2021 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial Assets Mortgage loans, net $ 1,953 $ — $ 49 $ 1,990 $ 2,039 Policy loans 835 — 835 — 835 Receivables 10,509 135 1,669 9,404 11,208 Restricted and segregated cash 2,195 2,195 — — 2,195 Other investments and assets 368 — 319 49 368 Financial Liabilities Policyholder account balances, future policy benefits and claims $ 12,342 $ — $ — $ 13,264 $ 13,264 Investment certificate reserves 5,297 — — 5,290 5,290 Banking and brokerage deposits 14,931 14,931 — — 14,931 Separate account liabilities — investment contracts 5,657 — 5,657 — 5,657 Debt and other liabilities 3,214 206 3,129 9 3,344 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 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 — 6

Offsetting Assets and Liabiliti

Offsetting Assets and Liabilities	12 Months Ended
	Dec. 31, 2021
Offsetting [Abstract]
Offsetting Assets and Liabilities	Certain financial instruments and derivative instruments are eligible for offset in the Consolidated Balance Sheets. The Company’s derivative instruments 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, 2021 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 $ 5,387 $ — $ 5,387 $ (3,613) $ (1,637) $ (114) $ 23 OTC cleared 88 — 88 (41) — — 47 Exchange-traded 99 — 99 (91) — — 8 Total derivatives 5,574 — 5,574 (3,745) (1,637) (114) 78 Securities borrowed 135 — 135 (41) — (91) 3 Total $ 5,709 $ — $ 5,709 $ (3,786) $ (1,637) $ (205) $ 81 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 (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, 2021 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 $ 4,091 $ — $ 4,091 $ (3,613) $ (183) $ (292) $ 3 OTC cleared 41 — 41 (41) — — — Exchange-traded 91 — 91 (91) — — — Total derivatives 4,223 — 4,223 (3,745) (183) (292) 3 Securities loaned 207 — 207 (41) — (160) 6 Total $ 4,430 $ — $ 4,430 $ (3,786) $ (183) $ (452) $ 9 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 (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, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
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. Generally, the Company uses derivatives as economic hedges and accounting hedges. The following table presents the notional value and gross fair value of derivative instruments, including embedded derivatives: December 31, 2021 December 31, 2020 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 Equity contracts - cash flow hedges $ 19 $ — $ — $ — $ — $ — Foreign exchange contracts - net investment hedges 58 — — 32 — 2 Total qualifying hedges 77 — — 32 — 2 Derivatives not designated as hedging instruments Interest rate contracts 79,468 1,252 468 77,951 1,755 734 Equity contracts 61,142 4,293 3,754 57,254 4,090 3,571 Credit contracts 1,748 9 — 2,297 2 1 Foreign exchange contracts 2,380 20 1 3,423 23 4 Total non-designated hedges 144,738 5,574 4,223 140,925 5,870 4,310 Embedded derivatives GMWB and GMAB (4) N/A — 1,486 N/A — 2,316 IUL N/A — 905 N/A — 935 Fixed deferred indexed annuities and deposit receivables N/A 59 61 N/A — 52 Structured variable annuities N/A — 406 N/A — 70 SMC N/A — 4 N/A — 8 Total embedded derivatives N/A 59 2,862 N/A — 3,381 Total derivatives $ 144,815 $ 5,633 $ 7,085 $ 140,957 $ 5,870 $ 7,693 N/A Not applicable. (1) The fair value of freestanding derivative assets is included in Other assets and the fair value of ceded embedded derivative assets related to deposit receivables is included in Receivables. (2) The fair value of freestanding derivative liabilities is included in Other liabilities. The fair value of GMWB and GMAB, IUL, fixed deferred indexed annuity and structured variable annuity embedded derivatives is included in Policyholder account balances, future policy benefits and claims. The fair value of the SMC embedded derivative liability is included in Customer deposits. (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 $3.2 billion and $3.7 billion as of December 31, 2021 and 2020, 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, 2021 included $1.6 billion of individual contracts in a liability position and $133 million of individual contracts in an asset position. 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. See Note 15 for additional information regarding the Company’s fair value measurement of derivative instruments. As of December 31, 2021 and 2020, investment securities with a fair value of $123 million and $325 million, respectively, were received as collateral to meet contractual obligations under derivative contracts, of which $123 million and $325 million, respectively, may be sold, pledged or rehypothecated by the Company. As of both December 31, 2021 and 2020, the Company had sold, pledged or rehypothecated none of these securities. In addition, as of both December 31, 2021 and 2020, 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, 2021 Interest rate contracts $ (23) $ — $ (1) $ — $ (886) $ — Equity contracts (4) 1 116 91 (817) 17 Credit contracts — — 1 — 43 — Foreign exchange contracts 1 — — — 5 8 GMWB and GMAB embedded derivatives — — — — 830 — IUL embedded derivatives — — — 30 — — Fixed deferred indexed annuity and deposit receivables embedded derivatives — — — (8) — — Structured variable annuity embedded derivatives — — — — (393) — SMC embedded derivatives — (1) — — — — Total gain (loss) $ (26) $ — $ 116 $ 113 $ (1,218) $ 25 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 GMWB and GMAB embedded derivatives — — — — (1,553) — IUL embedded derivatives — — — 7 — — Fixed deferred indexed annuity embedded derivatives — — — (4) — — Structured variable annuity embedded derivatives — — — — (91) — SMC embedded derivatives — (1) — — — — 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) 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 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, swaptions, swaps and futures. The deferred premium associated with certain of the above options and swaptions is paid or received semi-annually over the life of the contract or at maturity. The following is a summary of the payments the Company is scheduled to make and receive for these options and swaptions as of December 31, 2021: Premiums Payable Premiums Receivable (in millions) 2022 $ 204 $ 204 2023 51 43 2024 137 25 2025 124 22 2026 252 88 2027-2028 18 — Total $ 786 $ 382 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. 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 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 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 interest rate swaps, index options and futures contracts. The Company enters into futures, credit default swaps, commodity swaps and foreign currency forwards 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 contracts, total return swaps and foreign currency forwards 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 for equity exposure of certain compensation-related liabilities and 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. For the years ended December 31, 2021, 2020 and 2019, 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, 2021 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 14 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 an interest rate swap to convert senior notes due 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 of 2020 when the debt was repaid. The swap had identical terms as the underlying debt being hedged. The Company recognized gains and losses on the derivatives and the related hedged items within interest and debt expense. The Company has not had any fair value hedges since March 2020. 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 (in millions) 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, 2021, 2020 and 2019 , the Company recognized a loss of $1 million, 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, 2021 and 2020, the aggregate fair value of derivative contracts in a net liability position containing such credit contingent provisions was $383 million and $326 million, respectively. The aggregate fair value of assets posted as collateral for such instruments as of December 31, 2021 and 2020 was $383 million and $324 million, respectively. If the credit contingent provisions of derivative contracts in a net liability position as of December 31, 2021 and 2020 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 nil and $2 million, respectively.

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Leases	The following table presents the balances for operating and finance ROU assets and lease liabilities: Leases Balance Sheet Classification December 31, 2021 December 31, 2020 (in millions) Assets Operating lease assets Other assets $ 291 $ 215 Finance lease assets Other assets 38 44 Total lease assets $ 329 $ 259 Liabilities Operating lease liabilities Other liabilities $ 341 $ 254 Finance lease liabilities Long-term debt 40 44 Total lease liabilities $ 381 $ 298 The following table presents the components of lease expense: Years Ended December 31, Lease cost Income Statement Classification 2021 2020 2019 (in millions) Operating lease cost General and administrative expense $ 57 $ 57 $ 58 Finance lease costs: Amortization of ROU assets General and administrative expense 13 10 8 Interest on lease liabilities Interest and debt expense 2 2 2 Total lease cost $ 72 $ 69 $ 68 The following table presents the weighted-average lease term and weighted-average discount rate related to operating and finance leases: December 31, 2021 December 31, 2020 Lease term and discount rate Finance Leases Operating Leases Finance Leases Operating Leases Weighted-average remaining lease term (years) 3.8 7.2 4.8 5.8 Weighted-average discount rate 3.4 % 2.1 % 3.4 % 2.6 % The following table presents supplemental cash flow information related to operating and finance leases: Years Ended December 31, Supplemental cash flow information 2021 2020 2019 (in millions) Operating cash flows: Cash paid for amounts included in measurement of operating lease liabilities $ 50 $ 65 $ 62 Cash paid for amounts included in measurement of finance lease liabilities 2 2 2 Financing cash flows: Cash paid for amounts included in measurement of finance lease liabilities $ 9 $ 12 $ 13 The following table presents the maturities of lease liabilities: Maturity of Lease Liabilities December 31, 2021 Finance Leases Operating Leases (in millions) 2022 $ 11 $ 68 2023 11 61 2024 11 51 2025 10 45 2026 — 38 Thereafter — 104 Total lease payments 43 367 Less: Interest 3 26 Present value of lease liabilities $ 40 $ 341

Disposal of Business

Disposal of Business	12 Months Ended
	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
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, 2021
Share-based Payment Arrangement [Abstract]
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: Years Ended December 31, 2021 2020 2019 (in millions) Stock option $ 20 $ 23 $ 31 Restricted stock 24 24 22 Restricted stock units 108 99 82 Liability awards 92 67 53 Total $ 244 $ 213 $ 188 For the years ended December 31, 2021, 2020 and 2019, total income tax benefit recognized by the Company related to share-based compensation expense was $51 million, $45 million and $40 million, respectively. As of December 31, 2021, there was $148 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 The following weighted average assumptions were used for stock option grants: 2021 2020 2019 Dividend yield 2.5 % 2.5 % 3.0 % Expected volatility 36 % 27 % 27 % Risk-free interest rate 0.4 % 1.4 % 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 2021, 2020 and 2019 was $48.48, $31.53 and $24.67, respectively. A summary of the Company’s stock option activity for 2021 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 4.8 $ 133.75 6.5 $ 290 Granted 0.3 197.97 Exercised (1.8) 123.30 Outstanding at December 31 3.3 145.79 6.3 518 Exercisable at December 31 2.2 138.35 5.5 365 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 $219 million, $139 million and $61 million during the years ended December 31, 2021, 2020 and 2019, respectively. Restricted Stock Awards Restricted stock awards granted under the 2005 ICP and 2008 Plan generally vest ratably over three 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 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 BMO Share Plans As part of the acquisition of the BMO Global Asset Management (EMEA)business, the Company will maintain certain legacy BMO Financial Group share based awards that were granted prior to the acquisition. All relevant awards are cash settled with the last vesting date in 2023. As of December 31, 2021, the liability related to these awards is $48 million and included in Other liabilities. 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 2021 is presented below (shares in millions): Shares Weighted Average Grant-date Non-vested shares at January 1 1.3 $ 144.10 Granted 0.6 217.47 Deferred 0.2 251.99 Vested (0.7) 177.39 Forfeited (0.1) 165.98 Non-vested shares at December 31 1.3 170.91 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, 2021, 2020 and 2019 was $139 million, $124 million and $107 million, respectively. The weighted average grant date fair value for restricted shares, restricted stock units and deferred share units during 2021, 2020 and 2019 was $207.49, $163.54 and $129.30, respectively. The weighted average grant date fair value for franchise advisor and advisor group deferrals during 2021, 2020 and 2019 was $241.34, $147.96 and $136.81, 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 three

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Shareholders' Equity	The following tables provide the amounts related to each component of OCI: Year Ended December 31, 2021 Pretax Income Tax Benefit (Expense) Net of Tax (in millions) Net unrealized gains (losses) on securities: Net unrealized gains (losses) on securities arising during the period (1) $ (622) $ 137 $ (485) Reclassification of net (gains) losses on securities included in net income (2) (561) 118 (443) Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables 333 (70) 263 Net unrealized gains (losses) on securities (850) 185 (665) Net unrealized gains (losses) on derivatives: Reclassification of net (gains) losses on derivatives included in net income (3) (1) — (1) Net unrealized gains (losses) on derivatives (1) — (1) Defined benefit plans: Prior service credits and costs (3) 1 (2) Net gains (losses) 70 (15) 55 Defined benefit plans 67 (14) 53 Foreign currency translation (16) 3 (13) Total other comprehensive income (loss) $ (800) $ 174 $ (626) 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 credits (2) — (2) Net gains (losses) (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 credits 14 (3) 11 Net gains (losses) (36) 7 (29) Defined benefit plans (22) 4 (18) Foreign currency translation 18 (1) 17 Total other comprehensive income (loss) $ 715 $ (162) $ 553 (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, $1 million and $2 million pretax gain reclassified to interest and debt expenses and nil pretax loss reclassified to net investment income for the years ended December 31, 2021, 2020 and 2019, 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, 2019 $ 20 $ 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 OCI before reclassifications (222) — 36 (13) — (199) Amounts reclassified from AOCI (443) (1) 17 — — (427) Total OCI (665) (1) 53 (13) — (626) Balance, December 31, 2021 $ 318 (1) $ 4 $ (151) $ (167) $ (1) $ 3 (1) Includes nil, nil and $1 million of noncredit related impairments on securities and net unrealized gains (losses) on previously impaired securities as of December 31, 2021, 2020 and 2019, respectively. For the years ended December 31, 2021, 2020 and 2019, the Company repurchased a total of 7.1 million shares, 8.4 million shares and 13.4 million shares, respectively, of its common stock for an aggregate cost of $1.8 billion, $1.3 billion and $1.9 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, which was exhausted in the fourth quarter of 2020. 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, 2021, the Company had $432 million remaining under this share repurchase authorization. On January 26, 2022, the Company’s Board of Directors authorized an additional $3.0 billion for the repurchase of the Company’s common stock through March 31, 2024. 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, 2021, 2020 and 2019, 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 $69 million, $52 million and $34 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, 2021, 2020 and 2019, the Company reacquired 1.3 million shares, 1.5 million shares and 0.7 million shares, respectively, of its common stock through the net settlement of options for an aggregate value of $306 million, $263 million and $106 million, respectively.

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings per Share	The computations of basic and diluted earnings per share is as follows: Years Ended December 31, 2021 2020 2019 (in millions, except per share amounts) Numerator: Net income $ 2,760 $ 1,534 $ 1,893 Denominator: Basic: Weighted-average common shares outstanding 117.3 123.8 134.1 Effect of potentially dilutive nonqualified stock options and other share-based awards 2.7 1.9 1.9 Diluted: Weighted-average common shares outstanding 120.0 125.7 136.0 Earnings per share attributable to Ameriprise Financial, Inc. common shareholders: Basic $ 23.53 $ 12.39 $ 14.12 Diluted $ 23.00 $ 12.20 $ 13.92 The calculation of diluted earnings per share excludes the incremental effect of nil, nil and $1.0 million options as of December 31, 2021, 2020 and 2019, respectively, due to their anti-dilutive effect.

Regulatory Requirements

Regulatory Requirements	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
Regulatory Requirements	Restrictions on the transfer of funds exist under regulatory requirements applicable to certain of the Company’s subsidiaries. As of December 31, 2021, the aggregate amount of unrestricted net assets was approximately $1.9 billion. Insurance subsidiaries 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 $175 million and $1.3 billion as of December 31, 2021 and 2020, 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 $3.4 billion and $4.8 billion as of December 31, 2021 and 2020, respectively. On February 23, 2022, RiverSource Life’s Board of Directors declared a cash dividend of $300 million to Ameriprise Financial, Inc., payable on or after March 25, 2022, pending approval by the Minnesota Department of Commerce. Statutory net gain from operations and net income are summarized as follows: Years Ended December 31, 2021 2020 2019 (in millions) RiverSource Life Statutory net gain from operations $ 1,366 $ 1,393 $ 1,505 Statutory net income 253 1,582 786 Government debt securities of $5 million and $4 million as of December 31, 2021 and 2020, respectively, held by the Company’s life insurance subsidiaries were on deposit with various states as required by law. Broker-dealer subsidiaries 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, 2021 2020 (in millions, except percentages) AEIS Net capital as a percent of aggregate debit items 10.58 % 9.51 % Net capital $ 155 $ 122 Less: required net capital 29 25 Excess net capital $ 126 $ 97 AFS Net capital $ 103 $ 134 Less: required net capital — — Excess net capital $ 103 $ 134 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. Bank subsidiary 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. Ameriprise Bank, FSB (“Ameriprise Bank”) is subject to regulation by the Comptroller of Currency (“OCC”) and the Federal Deposit Insurance Corporation in its role as insurer of its deposits. Ameriprise Bank is required to maintain minimum amounts and ratios of Total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), Tier 1 Capital to average assets (as defined), and under rules defined under the Basel III capital framework, Common equity Tier 1 capital (“CEIT”) to risk-weighted assets. Ameriprise Bank calculates these ratios under the Basel III standardized approach in order to assess compliance with both regulatory requirements and Ameriprise Bank’s internal capital policies. Ameriprise Bank’s requirements to maintain adequate capital ratios in relation to its risk weighted asset levels could affect its ability to take capital actions, such as the payment of dividends. As of December 31, 2021, Ameriprise Bank’s capital levels exceeded the capital conservation buffer requirement and was categorized as “well-capitalized.” To meet requirements for capital adequacy purposes or to be categorized as “well-capitalized,” Ameriprise Bank must maintain minimum CEIT, Tier 1 capital, Total capital and Tier 1 leverage amounts and ratios as set forth in the following table: Regulatory Capital Actual Requirement To be well Amount Ratio Amount Ratio Amount Ratio (in millions, except percentages) At December 31, 2021 Common equity Tier 1 capital $ 853 29.54 % $ 130 4.50 % $ 188 6.50 % Tier 1 capital 853 29.54 173 6.00 231 8.00 Total capital 855 29.60 231 8.00 289 10.00 Tier 1 leverage 853 7.24 471 4.00 589 5.00 At December 31, 2020 Common equity Tier 1 capital $ 657 12.08 % $ 245 4.50 % $ 353 6.50 % Tier 1 capital 657 12.08 326 6.00 435 8.00 Total capital 658 12.10 435 8.00 543 10.00 Tier 1 leverage 657 8.36 314 4.00 393 5.00 Other subsidiaries 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 $5.3 billion and $6.8 billion as of December 31, 2021 and 2020, respectively. ACC had qualified assets of $5.7 billion and $7.2 billion as of December 31, 2021 and 2020, respectively. 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. Required capital for Threadneedle and BMO Global Asset Management (EMEA) is predominantly based on the requirements specified by its regulator, the Financial Conduct Authority (“FCA”), under its Capital Adequacy Requirements for asset managers.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	The components of income tax provision attributable to continuing operations were as follows: Years Ended December 31, 2021 2020 2019 (in millions) Current income tax Federal $ 551 $ 527 $ 531 State and local 79 63 80 Foreign 47 28 36 Total current income tax 677 618 647 Deferred income tax Federal (62) (309) (297) State and local (3) (16) (13) Foreign (22) 4 2 Total deferred income tax (87) (321) (308) Total income tax provision $ 590 $ 297 $ 339 The geographic sources of pretax income from continuing operations were as follows: Years Ended December 31, 2021 2020 2019 (in millions) United States $ 3,126 $ 1,685 $ 2,045 Foreign 224 146 187 Total $ 3,350 $ 1,831 $ 2,232 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, 2021 2020 2019 Tax at U.S. statutory rate 21.0 % 21.0 % 21.0 % Changes in taxes resulting from: Low income housing tax credits (2.0) (4.3) (3.6) State taxes, net of federal benefit 1.8 2.1 2.4 Incentive compensation (1.6) (1.4) — Dividends received deduction — (2.1) (1.8) Foreign tax credits, net of addback — — (2.2) Other, net (1.6) 0.9 (0.6) Income tax provision 17.6 % 16.2 % 15.2 % The increase in the Company’s effective tax rate for the year ended December 31, 2021 compared to 2020 is primarily the result of a decrease in the dividends received deduction and low income housing tax credits, partially offset by various other adjustments. 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, 2021 and 2020. The significant components of the Company’s deferred income tax assets and liabilities, which are included net within Other assets or Other liabilities, were as follows: December 31, 2021 2020 (in millions) Deferred income tax assets Liabilities for policyholder account balances, future policy benefits and claims $ 1,996 $ 1,618 Deferred compensation 586 493 Right of use lease liability 73 60 Postretirement benefits — 65 Other 106 51 Gross deferred income tax assets 2,761 2,287 Less: valuation allowance 32 15 Total deferred income tax assets 2,729 2,272 Deferred income tax liabilities Investment related 565 253 Deferred acquisition costs 481 435 Intangible assets 209 124 Net unrealized gains on Available-for-Sale securities 113 295 Depreciation expense 89 99 Goodwill 77 70 Right of use lease asset 62 54 Deferred sales inducement costs — 44 Other 45 18 Gross deferred income tax liabilities 1,641 1,392 Net deferred income tax assets $ 1,088 $ 880 Included in the Company’s deferred income tax assets are tax benefits primarily related to state net operating losses of $12 million, net of federal benefit, which will expire beginning December 31, 2022 and foreign net operating losses of $42 million. 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 $3 million and foreign deferred tax assets of $18 million; therefore, a valuation allowance of $32 million has been established. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits was as follows: 2021 2020 2019 (in millions) Balance at January 1 $ 110 $ 100 $ 92 Additions based on tax positions related to the current year 21 11 15 Reductions based on tax positions related to the current year (1) (1) — Additions for tax positions of prior years 5 10 39 Reductions for tax positions of prior years (8) (4) (17) Reductions due to lapse of statute of limitations (1) (5) — Audit settlements (1) (1) (29) Balance at December 31 $ 125 $ 110 $ 100 If recognized, approximately $95 million, $80 million and $67 million, net of federal tax benefits, of unrecognized tax benefits as of December 31, 2021, 2020, and 2019, 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 $50 million to $60 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 nil, a net increase of $2 million, and a net decrease of $2 million, in interest and penalties for the years ended December 31, 2021, 2020, and 2019, respectively. As of both December 31, 2021 and 2020, the Company had a payable of $10 million related to accrued interest and penalties.

Retirement Plans and Profit Sha

Retirement Plans and Profit Sharing Arrangements	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Retirement Plans and Profit Sharing Arrangements	Defined Benefit Plans Pension Plans and Other Postretirement Benefits The Company’s U.S. non-advisor employees who were hired prior to April of 2019 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 as of April 2020 and will no longer increase with more years of service. 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 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, 2021, 2020 and 2019. 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. As part of the acquisition of the BMO Global Asset Management (EMEA) business, some employees are covered by legacy pension plans. All plans are closed to new participants. The plans provide benefits calculated using salary data of the participants. The plans are based on final salary payments and benefits are adjusted in line with plan rules (e.g. in line with price inflation in the U.K.) once in payment during retirement. The level of benefits provided depends on the member’s length of service and pensionable salary at retirement date or date of termination if earlier. All components of the net periodic benefit cost are recorded in General and administrative expense and were as follows: Years Ended December 31, 2021 2020 2019 (in millions) Service cost $ 45 $ 45 $ 44 Interest cost 21 29 36 Expected return on plan assets (57) (55) (53) Amortization of prior service credits (2) (2) — Amortization of net loss 23 15 5 Other 5 7 8 Net periodic benefit cost $ 35 $ 39 $ 40 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 2021 2020 2021 2020 (in millions) Benefit obligation, January 1 $ 1,271 $ 1,111 $ 14 $ 14 Service cost 45 45 — — Interest cost 21 29 — — Plan change 7 — — — Benefits paid (12) (10) (1) (1) Actuarial (gain) loss 16 117 — 1 Acquisitions 498 — — — Settlements (27) (30) — — Foreign currency rate changes (4) 9 — — Benefit obligation, December 31 $ 1,815 $ 1,271 $ 13 $ 14 The actuarial losses for pension plans for 2021 and 2020 were primarily due to a decrease in the discount rate assumption as of December 31, 2021 and 2020, respectively. The following table provides a reconciliation of changes in the fair value of assets: Pension Plans 2021 2020 (in millions) Fair value of plan assets, January 1 $ 905 $ 838 Actual return on plan assets 121 67 Employer contributions 14 31 Benefits paid (12) (10) Acquisitions 586 — Settlements (27) (30) Foreign currency rate changes (4) 9 Fair value of plan assets, December 31 $ 1,583 $ 905 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 2021 2020 2021 2020 (in millions) Benefit liability $ (339) $ (366) $ (13) $ (14) Benefit asset 107 — — — Net amount recognized $ (232) $ (366) $ (13) $ (14) The accumulated benefit obligation for all pension plans as of December 31, 2021 and 2020 was $1.8 billion and $1.2 billion, respectively. The following table provides information for pension plans with benefit obligations in excess of plan assets: December 31, 2021 2020 (in millions) Pension plans with accumulated benefit obligations in excess of plan assets Accumulated benefit obligation $ 1,769 $ 1,211 Fair value of plan assets 1,583 905 Pension plans with projected benefit obligations in excess of plan assets Projected benefit obligation $ 1,815 $ 1,271 Fair value of plan assets 1,583 905 The weighted average assumptions used to determine benefit obligations were as follows: Pension Plans Other Postretirement Plans 2021 2020 2021 2020 Discount rates 2.46 % 2.16 % 2.01 % 2.01 % Rates of increase in compensation levels 3.72 3.96 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: 2021 2020 2019 Discount rates 2.33 % 2.97 % 4.00 % Rates of increase in compensation levels 5.21 4.01 4.25 Expected long-term rates of return on assets 6.58 7.14 7.18 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 70% equity securities and 30% 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. In addition, pension plan assets acquired in the acquisition of the BMO Global Asset Management (EMEA) business include target portfolio allocations of approximately 90% collective funds investing primarily in debt securities, equity securities, and certain derivatives, either directly or through other collective funds and 10% to a growth portfolio primarily investing in private equity hedge fund investments. Actual allocations will generally be within 5% of these targets. As of December 31, 2021, 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, 2021 Level 1 Level 2 Level 3 Total (in millions) Equity securities: U.S. small cap stocks $ 102 $ — $ — $ 102 Non-U.S. large cap stocks 41 — — 41 Debt securities: U.S. investment grade bonds 45 21 — 66 Non-U.S. investment grade bonds 17 — — 17 Insurance contracts — — 41 41 Cash equivalents at NAV 20 (1) Collective investment funds at NAV 984 (1) Real estate investment trusts at NAV 24 (1) Hedge funds at NAV 62 (1) Pooled pension funds at NAV 226 (1) Total $ 205 $ 21 $ 41 $ 1,583 December 31, 2020 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 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 (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. Insurance contracts of $41 million acquired during the year ended December 31, 2021 support certain non-U.S. plans and are classified as Level 3. The amounts recognized in AOCI, net of tax, as of December 31, 2021 but not recognized as components of net periodic benefit cost included an unrecognized actuarial loss of $160 million, an unrecognized prior service credit of $9 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 $2 million and an unrecognized prior service credit of nil as of December 31, 2021. 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) 2022 $ 64 $ 2 2023 79 1 2024 76 1 2025 79 1 2026 80 1 2027-2031 451 5 The Company expects to contribute $50 million and nil to its pension plans and other postretirement plans, respectively, in 2022. Defined Contribution Plans The Company’s employees are generally eligible to participate in the Ameriprise Financial 401(k) Plan (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 $59 million, $55 million and $56 million in 2021, 2020 and 2019, respectively.

Commitments, Guarantees and Con

Commitments, Guarantees and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments, Guarantees and Contingencies	Commitments The following table presents the Company’s funding commitments as of December 31: 2021 2020 (in millions) Commercial mortgage loans $ 48 $ 18 Affordable housing and other real estate partnerships 9 12 Property funds 38 17 Private funds — 9 Pledged asset lines of credit 919 342 Consumer lines of credit — 1 Total funding commitments $ 1,014 $ 399 Guarantees The Company’s annuity and life products all have minimum interest rate guarantees in their fixed accounts. As of December 31, 2021, 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 Federal Reserve Board, 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 regarding certain subjects, including from time to time: 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; wholesaler activity; 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 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 proceedings 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, 2021 and 2020, the estimated liability was $12 million. As of both December 31, 2021 and 2020, 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, 2021
Related Party Transactions [Abstract]
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, 2021
Segment Reporting [Abstract]
Segment Information	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 (including the newly acquired BMO Global Asset Management (EMEA) business), which represents the combined capabilities, resources and reach of Columbia Management Investment Advisers, LLC (“Columbia Management”) and Threadneedle, which is integrating the newly acquired BMO Global Asset Management (EMEA) business. Columbia Management primarily provides products and services in the U.S. and Threadneedle primarily provides products and services internationally. Additional subsidiaries beyond Columbia Management and Threadneedle are also included in our Asset Management segment. 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 Retirement & Protection Solutions 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. 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 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. Management excludes mean reversion related impacts from the Company’s adjusted operating measures. 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. Effective in the third quarter of 2021, management has excluded the impacts of block transfer reinsurance transactions from the adjusted operating measures. Prior periods have been updated to reflect this change to be consistent with the current period presentation. 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); block transfer reinsurance transaction impacts; the market impact of hedges to offset interest rate and currency 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, 2021 2020 (in millions) Advice & Wealth Management $ 24,986 $ 21,266 Asset Management 10,990 8,406 Retirement & Protection Solutions 119,469 114,850 Corporate & Other 20,534 21,361 Total assets $ 175,979 $ 165,883 Years Ended December 31, 2021 2020 2019 (in millions) Adjusted operating net revenues: Advice & Wealth Management $ 8,021 $ 6,675 $ 6,599 Asset Management 3,682 2,891 2,913 Retirement & Protection Solutions 3,244 3,094 3,123 Corporate & Other 487 546 1,477 Elimination of intersegment revenues (1) (1,573) (1,377) (1,402) Total segment adjusted operating net revenues 13,861 11,829 12,710 Net realized gains (losses) 90 (11) (14) Revenue attributable to consolidated investment entities 107 71 88 Market impact on non-traditional long-duration products, net 38 10 — Mean reversion related impacts 1 — — Market impact of hedges on investments (22) — (35) Block transfer reinsurance transaction impacts (644) — 8 Integration and restructuring charges — — (3) Gain on disposal of business — — 213 Total net revenues per consolidated statements of operations $ 13,431 $ 11,899 $ 12,967 (1) Represents the elimination of intersegment revenues recognized for the years ended December 31, 2021, 2020 and 2019 in each segment as follows: Advice and Wealth Management ($1,043, $893 and $924, respectively); Asset Management ($50, $53 and $55, respectively); Retirement & Protection Solutions ($478, $433 and $429, respectively); and Corporate & Other ($2, $(2) and $(6), respectively). Years Ended December 31, 2021 2020 2019 (in millions) Adjusted operating earnings: Advice & Wealth Management $ 1,743 $ 1,321 $ 1,509 Asset Management 1,096 697 661 Retirement & Protection Solutions 735 480 724 Corporate & Other (270) (369) (286) Total segment adjusted operating earnings 3,304 2,129 2,608 Net realized gains (losses) 87 (10) (12) Net income (loss) attributable to consolidated investment entities (4) 4 1 Market impact on non-traditional long-duration products, net (656) (375) (591) Mean reversion related impacts 152 87 57 Market impact of hedges on investments (22) — (35) Block transfer reinsurance transaction impacts 521 — 8 Integration and restructuring charges (32) (4) (17) Gain on disposal of business — — 213 Pretax income per consolidated statements of operations $ 3,350 $ 1,831 $ 2,232

SCHEDULE I - CONDENSED FINANCIA

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT	12 Months Ended
	Dec. 31, 2021
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, 2021 2020 2019 (in millions) Revenues Management and financial advice fees $ — $ — $ (1) Net investment income 27 23 9 Other revenues 9 15 14 Gain on disposal of business — — 213 Total revenues 36 38 235 Banking and deposit interest expense 2 3 9 Total net revenues 34 35 226 Expenses Benefits, claims, losses and settlement expenses — — 49 Distribution expenses 7 12 24 Interest and debt expense 102 105 126 General and administrative expense 258 198 244 Total expenses 367 315 443 Pretax loss before equity in earnings of subsidiaries (333) (280) (217) Income tax provision (benefit) 157 (87) (38) Loss before equity in earnings of subsidiaries (490) (193) (179) Equity in earnings of subsidiaries, net of tax 3,250 1,727 2,072 Net income 2,760 1,534 1,893 Other comprehensive income (loss), net of tax (626) 367 553 Total comprehensive income $ 2,134 $ 1,901 $ 2,446 See Notes to Condensed Financial Information of Registrant. Schedule I — Condensed Financial Information of Registrant December 31, 2021 2020 (in millions, except share amounts) Assets Cash and cash equivalents $ 827 $ 1,071 Investments 905 877 Loans to subsidiaries 483 247 Due from subsidiaries 242 497 Receivables 4 2 Land, buildings, equipment, and software, net of accumulated depreciation of $973 and $929, respectively 193 208 Investments in subsidiaries 7,010 7,153 Other assets 1,308 1,334 Total assets $ 10,972 $ 11,389 Liabilities and Shareholders’ Equity Liabilities: Accounts payable and accrued expenses $ 1,118 $ 936 Due to subsidiaries 83 60 Borrowings from subsidiaries 446 494 Long-term debt 2,829 2,831 Other liabilities 811 1,201 Total liabilities 5,287 5,522 Shareholders’ Equity: Common shares ($.01 par value; shares authorized, 1,250,000,000; shares issued, 334,828,117 and 332,390,132, respectively) 3 3 Additional paid-in capital 9,220 8,822 Retained earnings 17,525 15,292 Treasury shares, at cost (223,967,107 and 215,624,519 shares, respectively) (21,066) (18,879) Accumulated other comprehensive income (loss), net of tax, including amounts applicable to equity investments in subsidiaries 3 629 Total shareholders’ equity 5,685 5,867 Total liabilities and equity $ 10,972 $ 11,389 See Notes to Condensed Financial Information of Registrant. Schedule I — Condensed Financial Information of Registrant Years Ended December 31, 2021 2020 2019 (in millions) Cash Flows from Operating Activities Net income $ 2,760 $ 1,534 $ 1,893 Equity in earnings of subsidiaries (3,250) (1,727) (2,072) Dividends received from subsidiaries 4,027 2,018 2,721 Gain on disposal of business before affinity partner payment — — (313) Other operating activities, primarily with subsidiaries 343 282 596 Net cash provided by (used in) operating activities 3,880 2,107 2,825 Cash Flows from Investing Activities Available-for-Sale securities: Proceeds from sales — 922 — Maturities, sinking fund payments and calls 93 161 204 Purchases (82) (15) (1,153) Proceeds from sale of other investments 1 — 6 Purchase of other investments (16) (12) (12) Proceeds from sale of land, buildings, equipment and software 1 2 — Purchase of land, buildings, equipment and software (28) (54) (42) Proceeds from disposal of business — — 1,138 Contributions to subsidiaries (1,291) (416) (368) Return of capital from subsidiaries 39 131 18 Repayment of loans from subsidiaries 2,701 3,288 2,468 Issuance of loans to subsidiaries (2,937) (3,174) (2,457) Acquisition of surplus loans to subsidiaries — (500) — Other, net — — (65) Net cash provided by (used in) investing activities (1,519) 333 (263) Cash Flows from Financing Activities Dividends paid to shareholders (511) (497) (504) Repurchase of common shares (2,030) (1,441) (1,943) Cash paid for purchased options with deferred premiums — — (107) Issuance of long-term debt, net of issuance costs 4 496 497 Repayments of long-term debt (9) (762) (313) Borrowings from subsidiaries 244 871 132 Repayments of borrowings from subsidiaries (403) (751) (79) Exercise of stock options 1 3 3 Other, net 99 (18) 6 Net cash provided by (used in) financing activities (2,605) (2,099) (2,308) Net increase (decrease) in cash and cash equivalents (244) 341 254 Cash and cash equivalents at beginning of year 1,071 730 476 Cash and cash equivalents at end of year $ 827 $ 1,071 $ 730 Supplemental Disclosures: Interest paid on debt $ 95 $ 107 $ 123 Income taxes paid (received), net 173 26 (109) Non-cash dividends from subsidiaries — — 81 Non-cash contributions to subsidiaries 52 — — 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, Inc. and its subsidiaries (“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 (“RiverSource Life”) 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 RiverSource Life’s obligations to policyholders, claimants and beneficiaries and all other creditors. No payment of principal or interest shall be made without the prior approval of the Minnesota Department of Commerce and such payments shall be made only from RiverSource Life’s statutory surplus. Interest payments are due semi-annually in arrears on June 30 and December 31, which commenced on June 30, 2021. Subject to the preceding conditions, RiverSource Life may prepay all or a portion of the principal at any time. The held-to-maturity investment of $500 million as of both December 31, 2021 and 2020 is recorded in Investments on the Parent Company’s Condensed Balance Sheets. For the year ended December 31, 2021, interest income was $17 million and is 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 $100 million and $90 million as of December 31, 2021 and 2020, respectively, and is reported in Investments on the Parent Company’s Condensed Balance Sheets. For the years ended December 31, 2021, 2020 and 2019, interest income was $7 million, $6 million and $6 million, respectively, 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 both December 31, 2021 and 2020, Ameriprise Financial had $200 million of borrowings from the Federal Home Loan Bank of Des Moines, which is collateralized with commercial mortgage backed securities and residential mortgage backed securities. • As of December 31, 2021, Ameriprise Financial debt included $3 million of other subsidiary lease obligations. 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. As of December 31, 2021 and 2020, the Company had $431 million and $334 million, respectively, available for repayment due on demand. The Parent Company also has revolving credit agreements with its subsidiaries as the borrower aggregating $1.4 billion and $1.3 billion as of December 31, 2021 and 2020, respectively, of which $15 million and $172 million was outstanding as of December 31, 2021 and 2020, 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 both December 31, 2021 and 2020, respectively, of which $243 million and nil was outstanding as of December 31, 2021 and 2020, respectively. 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, 2021, 2020 and 2019, 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. As of December 31, 2021, AFS had not made a demand of the principal amount. Ameriprise Enterprise Investment Services, Inc. (“AEIS”) entered into a FINRA approved subordinated loan agreement with the Parent Company on January 25, 2017 for regulatory net capital purposes. Under this agreement, AEIS borrowed $60 million from the Parent Company with an initial term of five years to be repaid no later than January 22, 2022. Both companies have the option to renew the agreement in one year-increments in perpetuity. In January 2022, the agreement was renewed for one year extending the maturity date to January 22, 2023. 6. Subsequent Event On February 23, 2022, RiverSource Life’s Board of Directors declared a cash dividend of $300 million to the Parent Company, payable on or after March 25, 2022, pending approval by the Minnesota Department of Commerce.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation A VIE is an entity that either has equity investors that lack certain essential characteristics of a controlling financial interest (including substantive voting rights, the obligation to absorb the entity’s losses, or the rights to receive the entity’s returns) or has equity investors that do not provide sufficient financial resources for the entity to support its activities. Voting interest entities (“VOEs”) are those entities that do not qualify as a VIE. The Company consolidates VOEs in which it holds a greater than 50% voting interest. The Company generally accounts for entities using the equity method when it holds a greater than 20% but less than 50% voting interest or when the Company exercises significant influence over the entity. All other investments that are not reported at fair value as trading or Available-for-Sale securities are accounted for using the measurement alternative method when the Company owns less than a 20% voting interest and does not exercise significant influence. Under the measurement alternative, the investment is recorded at the cost basis, less impairments, if any, plus or minus observable price changes of identical or similar investments of the same issuer. A VIE is consolidated by the reporting entity that determines it has both: • the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance; and • the obligation to absorb potentially significant losses or the right to receive potentially significant benefits to the VIE. All VIEs are assessed for consolidation under this framework. When evaluating entities for consolidation, the Company considers its contractual rights in determining whether it has the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance. In determining whether the Company has this power, it considers whether it is acting in a role that enables it to direct the activities that most significantly impact the economic performance of an entity or if it is acting in an agent role. In determining whether the Company has the obligation to absorb 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	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 average 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.
Amounts Based on Estimates and Assumptions	Amounts Based on Estimates and Assumptions Accounting estimates are an integral part of the Consolidated Financial Statements. In part, they are based upon assumptions concerning future events. Among the more significant are those that relate to investment securities valuation and the recognition of credit losses or impairments, 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 . Available-for-Sale securities are recorded within Investments. 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. 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.
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 and advisor loans are recorded within Receivables. 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. Interest income recognized on advisor loans is recorded in Other revenues. 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. Brokerage margin loans and pledged asset lines of credit are recorded within Receivables. 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. Interest income recognized on consumer loans is recorded in Net investment income. Deposit Receivables For each of its reinsurance agreements, the Company determines whether the agreement provides indemnification against loss or liability related to insurance risk in accordance with applicable accounting standards. If the Company determines that a reinsurance agreement does not expose the reinsurer to a reasonable possibility of a significant loss from insurance risk, the Company records the agreement using the deposit method of accounting. Deposits made and any related embedded derivatives are included in Receivables. As amounts are received, consistent with the underlying contracts, deposit receivables are adjusted. Deposit receivables are accreted using the interest method and the accretion is reported in Other revenues. See Note 7 for additional information on financing receivables. Allowance for Credit Losses The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected over the asset’s expected life, considering past events, current conditions and reasonable and supportable forecasts of future economic conditions. 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 through provisions charged to Distribution expenses and is reduced/increased by net charge-offs/recoveries. 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 through provisions charged to Net investment income and is reduced/increased by net charge-offs/recoveries. 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 Receivables The allowance for credit losses is calculated on an individual reinsurer basis. Deposit receivables are collateralized by underlying trust arrangements. Management evaluates the terms of the reinsurance and trust agreements, the nature of the underlying assets, and the potential for changes in the collateral value when considering the need for an allowance for credit losses. Nonaccrual Loans Commercial mortgage loans and syndicated loans are placed on nonaccrual status when either the collection of interest or principal has become 90 days past due or is otherwise considered doubtful of collection. 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 within 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, they are fully charged off upon reaching 180 days past due.
Separate Account Assets and Liabilities	Separate Account Assets and LiabilitiesSeparate 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 Consolidated Statements of Operations. Included in separate account assets and liabilities is the fair value of the pooled pension funds that are offered by Threadneedle. Separate account assets are recorded at fair value and Separate account liabilities are equal to the assets recognized.
Restricted and Segregated Cash, Cash Equivalents 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 Consolidated Statements of Cash Flows.
Land, Buildings, Equipment and Software	Land, Buildings, Equipment and Software Land, buildings, equipment and internally developed software are carried at cost less accumulated depreciation or amortization and are reflected within Other assets. The Company uses the straight-line method of depreciation and amortization over periods ranging from three
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.
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. 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	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”) , DI and life contingent immediate annuities, 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. 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. 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 within the Income tax provision. 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 Ameriprise Auto & Home (“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 Contracts with C_2

Revenue from Contracts with Customers (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Schedule of disaggregated revenue by segment	Year Ended December 31, 2021 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate & Other Total Segments Non-operating Revenue Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 2,309 $ — $ — $ 2,309 $ — $ 2,309 Institutional — 645 — — 645 — 645 Advisory fees 4,539 — — — 4,539 — 4,539 Financial planning fees 386 — — — 386 — 386 Transaction and other fees 372 223 70 — 665 — 665 Total management and financial advice fees 5,297 3,177 70 — 8,544 — 8,544 Distribution fees: Mutual funds 858 276 — — 1,134 — 1,134 Insurance and annuity 994 195 409 — 1,598 — 1,598 Other products 401 — — — 401 — 401 Total distribution fees 2,253 471 409 — 3,133 — 3,133 Other revenues 196 4 — — 200 — 200 Total revenue from contracts with customers 7,746 3,652 479 — 11,877 — 11,877 Revenue from other sources (1) 287 30 2,765 489 3,571 (414) 3,157 Total segment gross revenues 8,033 3,682 3,244 489 15,448 (414) 15,034 Banking and deposit interest expense (12) — — (2) (14) — (14) Total segment net revenues 8,021 3,682 3,244 487 15,434 (414) 15,020 Elimination of intersegment revenues (1,043) (50) (478) (2) (1,573) (16) (1,589) Total net revenues $ 6,978 $ 3,632 $ 2,766 $ 485 $ 13,861 $ (430) $ 13,431 Year Ended December 31, 2020 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate & Other Total Segments Non-operating Revenue Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 1,822 $ — $ — $ 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 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 Elimination of 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 & Other 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 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 Elimination of 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 (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) - Consolidated investment entities	12 Months Ended
	Dec. 31, 2021
Fair Values of Assets and Liabilities
Schedule of balances of assets and liabilities measured at fair value on a recurring basis	December 31, 2021 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Common stocks $ — $ 3 $ — $ 3 Syndicated loans — 2,117 64 2,181 Total investments — 2,120 64 2,184 Receivables — 17 — 17 Other assets — — 3 3 Total assets at fair value $ — $ 2,137 $ 67 $ 2,204 Liabilities Debt (1) $ — $ 2,164 $ — $ 2,164 Other liabilities — 137 — 137 Total liabilities at fair value $ — $ 2,301 $ — $ 2,301 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 (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 $2.2 billion and $2.0 billion as of December 31, 2021 and 2020, respectively.
Summary of changes in Level 3 assets measured at fair value on a recurring basis	Syndicated Loans Other Assets (in millions) Balance, January 1, 2021 $ 92 $ 2 Total gains (losses) included in: Net income 2 (1) 1 (1) Purchases 106 — Sales (38) — Settlements (49) — Transfers into Level 3 119 2 Transfers out of Level 3 (150) (2) Deconsolidation of consolidated investment entities (18) — Balance, December 31, 2021 $ 64 $ 3 Changes in unrealized gains (losses) included in net income relating to assets held at December 31, 2021 $ — $ 1 (1) 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 net 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 net income relating to assets held at December 31, 2019 $ (3) (1) (1) Included in Net investment income.
Schedule of fair value and unpaid principal balance of loans and debt for which fair value option has been elected	December 31, 2021 2020 (in millions) Syndicated loans Unpaid principal balance $ 2,233 $ 1,990 Excess unpaid principal over fair value (52) (81) Fair value $ 2,181 $ 1,909 Fair value of loans more than 90 days past due $ — $ 5 Fair value of loans in nonaccrual status 13 19 Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both 10 24 Debt Unpaid principal balance $ 2,296 $ 2,069 Excess unpaid principal over fair value (132) (156) Carrying value (1) $ 2,164 $ 1,913 (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 $2.2 billion and $2.0 billion as of December 31, 2021 and 2020, respectively.
Schedule of debt and stated interest rates	Carrying Value Weighted Average December 31, December 31, 2021 2020 2021 2020 (in millions) Debt of consolidated CLOs due 2028-2034 $ 2,164 $ 1,913 1.7 % 2.1 %

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2021
Investments [Abstract]
Summary of investments	December 31, 2021 2020 (in millions) Available-for-Sale securities, at fair value $ 32,050 $ 36,283 Mortgage loans (allowance for credit losses: 2021, $12; 2020, $29) 1,953 2,718 Policy loans 835 846 Other investments (allowance for credit losses: 2021, $5; 2020, $12) 972 1,184 Total $ 35,810 $ 41,031
Summary of Net Investment income	Years Ended December 31, 2021 2020 2019 (in millions) Investment income on fixed maturities $ 933 $ 1,161 $ 1,378 Net realized gains (losses) 636 (10) (8) Affordable housing partnerships (71) (66) (98) Other 70 89 97 Consolidated investment entities 115 77 94 Total $ 1,683 $ 1,251 $ 1,463
Schedule of Available-for-Sale securities by type	Description of Securities December 31, 2021 Amortized Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value (in millions) Corporate debt securities $ 8,737 $ 1,243 $ (48) $ — $ 9,932 Residential mortgage backed securities 10,927 67 (50) — 10,944 Commercial mortgage backed securities 4,950 59 (23) — 4,986 Asset backed securities 3,639 26 (11) — 3,654 State and municipal obligations 850 244 (1) (1) 1,092 U.S. government and agency obligations 1,301 — — — 1,301 Foreign government bonds and obligations 88 5 (1) — 92 Other securities 49 — — — 49 Total $ 30,541 $ 1,644 $ (134) $ (1) $ 32,050 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
Summary of fixed maturity securities by rating	Ratings December 31, 2021 December 31, 2020 Amortized Fair Value Percent of Total Fair Value Amortized Fair Value Percent of Total Fair Value (in millions, except percentages) AAA $ 20,563 $ 20,625 64 % $ 19,815 $ 20,253 56 % AA 727 898 3 1,082 1,312 3 A 1,775 2,129 7 2,953 3,534 10 BBB 6,495 7,268 23 8,271 9,542 26 Below investment grade (1) 981 1,130 3 1,480 1,642 5 Total fixed maturities $ 30,541 $ 32,050 100 % $ 33,601 $ 36,283 100 % (1) The amortized cost and fair value of below investment grade securities includes interest in non-consolidated CLOs managed by the Company of $1 million and $2 million, respectively, as of December 31, 2021 and $3 million as of December 31, 2020. These securities are not rated but are included in below investment grade due to their risk characteristics.
Summary of fair value and gross unrealized losses on Available-for-Sale securities in continuous unrealized loss position	Description of Securities December 31, 2021 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 110 $ 2,056 $ (43) 14 $ 81 $ (5) 124 $ 2,137 $ (48) Residential mortgage backed securities 206 5,808 (48) 56 191 (2) 262 5,999 (50) Commercial mortgage backed securities 102 2,184 (22) 9 139 (1) 111 2,323 (23) Asset backed securities 41 1,883 (11) 6 118 — 47 2,001 (11) State and municipal obligations 26 64 (1) — — — 26 64 (1) Foreign government bonds and obligations 5 6 — 6 4 (1) 11 10 (1) Total 490 $ 12,001 $ (125) 91 $ 533 $ (9) 581 $ 12,534 $ (134) 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)
Rollforward of allowance for credit losses on Available-for-Sale securities	Corporate Debt Securities Asset Backed Securities State and Municipal Obligations Total (in millions) Balance at January 1, 2021 $ 10 $ 1 $ — $ 11 Additions for which credit losses were not previously recorded — — 1 1 Charge-offs (10) (1) — (11) Balance at December 31, 2021 $ — $ — $ 1 $ 1 Corporate Debt Securities Asset Backed Securities Total (in millions) Balance at 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 at December 31, 2020 $ 10 $ 1 $ 11
Schedule of net realized gains and losses on Available-for-Sale securities	Years Ended December 31, 2021 2020 2019 (in millions) Gross realized investment gains $ 582 $ 25 $ 30 Gross realized investment losses (7) (3) (14) Credit losses (1) (11) (22) Other impairments (13) — — Total $ 561 $ 11 $ (6)
Schedule of Available-for-Sale securities by contractual maturity	Amortized Cost Fair Value (in millions) Due within one year $ 1,884 $ 1,892 Due after one year through five years 2,125 2,231 Due after five years through 10 years 3,283 3,359 Due after 10 years 3,733 4,984 11,025 12,466 Residential mortgage backed securities 10,927 10,944 Commercial mortgage backed securities 4,950 4,986 Asset backed securities 3,639 3,654 Total $ 30,541 $ 32,050

Financing Receivables (Tables)

Financing Receivables (Tables)	12 Months Ended
	Dec. 31, 2021
Financing Receivables
Rollforward of allowance for credit losses	Commercial Loans Consumer Loans Total (in millions) Balance, January 1, 2021 $ 66 $ 2 $ 68 Provisions (13) 2 (11) Charge-offs (8) (2) (10) Recoveries — 1 1 Other 2 — 2 Balance, December 31, 2021 $ 47 $ 3 $ 50 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 (in millions) Balance at January 1, 2019 $ 49 Provisions 5 Charge-offs (4) Recoveries of amounts previously written off 1 Balance at December 31, 2019 $ 51
Schedule of concentrations of credit risk of loans by region and property type	Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows: Loans Percentage December 31, December 31, 2021 2020 2021 2020 (in millions) East North Central $ 194 $ 259 10 % 10 % East South Central 57 115 3 4 Middle Atlantic 122 178 6 7 Mountain 119 247 6 9 New England 28 54 2 2 Pacific 627 825 33 30 South Atlantic 497 681 26 25 West North Central 141 198 7 7 West South Central 131 168 7 6 1,916 2,725 100 % 100 % Less: allowance for credit losses 12 29 Total $ 1,904 $ 2,696 Concentrations of credit risk of commercial mortgage loans by property type were as follows: Loans Percentage December 31, December 31, 2021 2020 2021 2020 (in millions) Apartments $ 496 $ 713 26 % 26 % Hotel 14 50 1 2 Industrial 319 427 17 16 Mixed use 68 87 3 3 Office 271 372 14 14 Retail 617 881 32 32 Other 131 195 7 7 1,916 2,725 100 % 100 % Less: allowance for credit losses 12 29 Total $ 1,904 $ 2,696
Commercial Loans | Commercial mortgage loans
Financing Receivables
Schedule of amortized cost basis of loans and credit quality information	December 31, 2021 Loan-to-Value Ratio 2021 2020 2019 2018 2017 Prior Total (in millions) > 100% $ — $ — $ 20 $ 10 $ — $ 29 $ 59 80% - 100% 9 2 9 2 — 29 51 60% - 80% 142 80 60 23 61 138 504 40% - 60% 42 33 86 74 57 401 693 < 40% 11 8 48 6 58 478 609 Total $ 204 $ 123 $ 223 $ 115 $ 176 $ 1,075 $ 1,916 December 31, 2020 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
Commercial Loans | Syndicated loans
Financing Receivables
Schedule of amortized cost basis of loans and credit quality information	December 31, 2021 Internal Risk Rating 2021 2020 2019 2018 2017 Prior Total (in millions) Risk 5 $ — $ — $ 1 $ — $ — $ — $ 1 Risk 4 — — — — 1 2 3 Risk 3 — — 4 5 5 6 20 Risk 2 15 4 12 10 18 12 71 Risk 1 8 3 3 11 16 13 54 Total $ 23 $ 7 $ 20 $ 26 $ 40 $ 33 $ 149 December 31, 2020 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
Commercial Loans | Loans to financial advisors
Financing Receivables
Schedule of amortized cost basis of loans and credit quality information	December 31, 2021 Termination Status 2021 2020 2019 2018 2017 Prior Total (in millions) Active $ 136 $ 147 $ 119 $ 89 $ 116 $ 113 $ 720 Terminated 1 1 — — — 6 8 Total $ 137 $ 148 $ 119 $ 89 $ 116 $ 119 $ 728 December 31, 2020 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
Financing Receivables
Schedule of amortized cost basis of loans and credit quality information	December 31, 2021 December 31, 2020 (in millions) > 800 $ 30 $ 28 750 - 799 24 23 700 - 749 25 25 650 - 699 14 15 < 650 5 5 Total $ 98 $ 96

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2021
Traditional long-duration contracts
Reinsurance
Schedule of effect of reinsurance on premiums	Years Ended December 31, 2021 2020 2019 (in millions) Direct premiums $ 490 $ 565 $ 621 Reinsurance ceded (1,361) (224) (224) Net premiums $ (871) $ 341 $ 397
Short-duration contracts
Reinsurance
Schedule of effect of reinsurance on premiums	Year Ended December 31, 2019 (1) (in millions) Written premiums Direct $ 864 Ceded (23) Total net written premiums $ 841 Earned premiums Direct $ 841 Ceded (24) Total net earned premiums $ 817 (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, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in carrying amount of goodwill reported in main operating segments	Advice & Wealth Management Asset Retirement & Protection Solutions Consolidated (in millions) Balance at January 1, 2020 $ 279 $ 797 $ 91 $ 1,167 Foreign currency translation — 10 — 10 Other adjustments — (1) — (1) Balance at December 31, 2020 279 806 91 1,176 Acquisitions — 287 — 287 Foreign currency translation — (4) — (4) Other adjustments — (1) — (1) Balance at December 31, 2021 $ 279 $ 1,088 $ 91 $ 1,458
Summary of consideration paid, assets acquired and liabilities assumed in business acquisition	November 8, 2021 (in millions) Consideration paid Cash $ 973 Deferred considerations (35) Contingent considerations 28 Total fair value $ 966 Recognized Assets / Liabilities Assets Cash and cash equivalents $ 397 Investments 77 Receivables 116 Other assets 295 Total assets 885 Liabilities Debt 2 Accounts payable and accrued expenses 235 Other liabilities 190 Total liabilities 427 Identifiable net assets $ 458 Intangible assets $ 295 Deferred tax liability 74 Goodwill 287
Schedule of components of indefinite-lived intangible assets	December 31, 2021 2020 (in millions) Customer contracts $ 848 $ 640 Trade names 69 69 Total $ 917 $ 709
Schedule of components of definite-lived intangible assets	December 31, 2021 December 31, 2020 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (in millions) Customer relationships $ 254 $ (163) $ 91 $ 193 $ (155) $ 38 Contracts 235 (217) 18 223 (211) 12 Other 272 (188) 84 226 (168) 58 Total $ 761 $ (568) $ 193 $ 642 $ (534) $ 108
Schedule of estimated future intangible amortization expense	(in millions) 2022 $ 31 2023 27 2024 16 2025 10 2026 7

Deferred Acquisition Costs an_2

Deferred Acquisition Costs and Deferred Sales Inducement Costs (Tables)	12 Months Ended
	Dec. 31, 2021
Deferred Charges, Insurers [Abstract]
Schedule of balances of and changes in DAC	2021 2020 2019 (in millions) Balance at January 1 $ 2,532 $ 2,698 $ 2,776 Capitalization of acquisition costs 280 228 291 Amortization (184) (177) (165) Amortization, impact of valuation assumptions review 60 (100) (14) Impact of change in net unrealized (gains) losses on securities 94 (117) (175) Disposal of business — — (15) Balance at December 31 $ 2,782 $ 2,532 $ 2,698
Schedule of balances of and changes in DSIC	2021 2020 2019 (in millions) Balance at January 1 $ 189 $ 218 $ 251 Capitalization of sales inducement costs 1 1 1 Amortization (16) (13) (15) Amortization, impact of valuation assumptions review 2 (16) — Impact of change in net unrealized (gains) losses on securities 13 (1) (19) Balance at December 31 $ 189 $ 189 $ 218

Policyholder Account Balances_2

Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities [Abstract]
Schedule of components of policyholder account balances, future policy benefits and claims	December 31, 2021 2020 (in millions) Policyholder account balances Fixed annuities (1) $ 8,117 $ 8,531 Variable annuity fixed sub-accounts 4,990 5,104 UL/VUL insurance 3,103 3,122 IUL insurance 2,534 2,269 Structured variable annuities 4,440 1,371 Other life insurance 563 605 Total policyholder account balances 23,747 21,002 Future policy benefits Variable annuity GMWB 2,336 3,049 Variable annuity GMAB (2) (23) 1 Other annuity liabilities 67 211 Fixed annuity life contingent liabilities 1,278 1,370 Life and DI insurance 1,139 1,187 LTC insurance 5,664 5,722 UL/VUL and other life insurance additional liabilities 1,291 1,259 Total future policy benefits 11,752 12,799 Policy claims and other policyholders’ funds 251 191 Total policyholder account balances, future policy benefits and claims $ 35,750 $ 33,992 (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 December 31, 2021 reported as a contra liability.
Schedule of components of separate account liabilities	December 31, 2021 2020 (in millions) Variable annuity $ 82,862 $ 79,299 VUL insurance 9,343 8,226 Other insurance 33 31 Threadneedle investment liabilities 5,253 5,055 Total $ 97,491 $ 92,611

Variable Annuity and Insuranc_2

Variable Annuity and Insurance Guarantees (Tables)	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
Schedule of variable annuity guarantees with additional liabilities	Variable Annuity Guarantees by Benefit Type (1) December 31, 2021 December 31, 2020 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 $ 70,020 $ 68,145 $ 6 69 $ 66,874 $ 64,932 $ 5 68 Five/six-year reset 8,309 5,612 6 68 8,116 5,386 6 68 One-year ratchet 6,177 5,858 13 71 6,094 5,763 8 71 Five-year ratchet 1,438 1,386 1 68 1,436 1,381 — 67 Other 1,302 1,286 38 74 1,261 1,243 45 73 Total — GMDB $ 87,246 $ 82,287 $ 64 69 $ 83,781 $ 78,705 $ 64 68 GGU death benefit $ 1,260 $ 1,198 $ 184 72 $ 1,183 $ 1,126 $ 162 71 GMIB $ 184 $ 170 $ 4 71 $ 187 $ 173 $ 6 71 GMWB: GMWB $ 1,900 $ 1,895 $ 1 75 $ 1,972 $ 1,967 $ 1 74 GMWB for life 52,387 52,334 187 69 50,142 50,057 185 69 Total — GMWB $ 54,287 $ 54,229 $ 188 69 $ 52,114 $ 52,024 $ 186 69 GMAB $ 2,005 $ 2,005 $ — 62 $ 2,291 $ 2,291 $ — 61 (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 insurance guarantees with additional liabilities	December 31, 2021 December 31, 2020 Net Amount at Risk Weighted Average Attained Age Net Amount at Risk Weighted Average Attained Age (in millions, except age) UL secondary guarantees $ 6,564 68 $ 6,587 67
Schedule of changes in additional liabilities (contra liabilities) for variable annuity and insurance guarantees	GMDB & GGU GMIB GMWB (1) GMAB (1) UL (in millions) Balance at January 1, 2019 $ 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 Incurred claims 17 — (713) (24) 140 Paid claims (5) (1) — — (36) Balance at December 31, 2021 $ 36 $ 5 $ 2,336 $ (23) $ 1,020 (1) The incurred claims for GMWB and GMAB include the change in the fair value of the liabilities (contra liabilities) less paid claims.
Summary of distribution of separate account balances by asset type	December 31, 2021 2020 (in millions) Mutual funds: Equity $ 49,183 $ 45,947 Bond 24,998 26,073 Other 8,316 6,911 Total mutual funds $ 82,497 $ 78,931

Customer Deposits (Tables)

Customer Deposits (Tables)	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
Schedule of components of customer deposits	December 31, 2021 2020 (in millions) Fixed rate certificates $ 4,995 $ 6,341 Stock market certificates 287 389 Stock market embedded derivatives 4 8 Other 15 22 Less: accrued interest classified in other liabilities (5) (10) Total investment certificate reserves 5,296 6,750 Banking and brokerage deposits 14,931 10,891 Total $ 20,227 $ 17,641

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Ameriprise Financial
Debt
Schedule of balances and stated interest rates of outstanding debt	Outstanding Balance Stated Interest Rate December 31, December 31, 2021 2020 2021 2020 (in millions) Long-term debt: 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 500 500 3.0 3.0 Senior notes due 2026 500 500 2.9 2.9 Finance lease liabilities 40 44 N/A N/A Other (1) (8) (13) N/A N/A Total long-term debt 2,832 2,831 Short-term borrowings: Federal Home Loan Bank (“FHLB”) advances 200 200 0.3 % 0.4 % Total $ 3,032 $ 3,031 (1) Includes adjustments for net unamortized discounts, debt issuance costs and other lease obligations. N/A Not Applicable

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Values of Assets and Liabilities
Summary of significant unobservable inputs used in fair value measurements of Level 3 assets and liabilities	December 31, 2021 Fair Value Valuation Technique Unobservable Input Range Weighted (in millions) Corporate debt securities (private placements) $ 502 Discounted cash flow Yield/spread to U.S. Treasuries (1) 0.8% – 2.4% 1.1% Asset backed securities $ 2 Discounted cash flow Annual short-term default rate (2) 0.8% 0.8% Annual long-term default rate (2) 3.5% 3.5% Discount rate 12.0% 12.0% Constant prepayment rate 10.0% 10.0% Loss recovery 63.6% 63.6% Fixed deferred indexed annuity ceded embedded derivatives $ 59 Discounted cash flow Surrender rate (4) 0.0% – 66.8% 1.4% IUL embedded derivatives $ 905 Discounted cash flow Nonperformance risk (3) 65 bps 65 bps Fixed deferred indexed annuity embedded derivatives $ 56 Discounted cash flow Surrender rate (4) 0.0% – 66.8% 1.4% Nonperformance risk (3) 65 bps 65 bps GMWB and GMAB embedded derivatives $ 1,486 Discounted cash flow Utilization of guaranteed withdrawals (5) (6) 0.0% – 48.0% 10.6% Surrender rate (4) 0.1% – 55.7% 3.6% Market volatility (7) (8) 4.3% – 16.8% 10.8% Nonperformance risk (3) 65 bps 65 bps Structured variable annuity embedded derivatives $ 406 Discounted cash flow Surrender rate (4) 0.8% – 40.0% 0.9% Nonperformance risk (3) 65 bps 65 bps Contingent consideration liabilities $ 61 Discounted cash flow Discount rate (9) 0.0% – 0.0% 0.0% 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% (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 represents the 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 estimated fair value of financial instruments not reported at fair value	December 31, 2021 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial Assets Mortgage loans, net $ 1,953 $ — $ 49 $ 1,990 $ 2,039 Policy loans 835 — 835 — 835 Receivables 10,509 135 1,669 9,404 11,208 Restricted and segregated cash 2,195 2,195 — — 2,195 Other investments and assets 368 — 319 49 368 Financial Liabilities Policyholder account balances, future policy benefits and claims $ 12,342 $ — $ — $ 13,264 $ 13,264 Investment certificate reserves 5,297 — — 5,290 5,290 Banking and brokerage deposits 14,931 14,931 — — 14,931 Separate account liabilities — investment contracts 5,657 — 5,657 — 5,657 Debt and other liabilities 3,214 206 3,129 9 3,344 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 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
Ameriprise Financial
Fair Values of Assets and Liabilities
Schedule of balances of assets and liabilities measured at fair value on a recurring basis	December 31, 2021 Level 1 Level 2 Level 3 Total (in millions) Assets Cash equivalents $ 2,341 $ 3,478 $ — $ 5,819 Available-for-Sale securities: Corporate debt securities — 9,430 502 9,932 Residential mortgage backed securities — 10,944 — 10,944 Commercial mortgage backed securities — 4,951 35 4,986 Asset backed securities — 3,647 7 3,654 State and municipal obligations — 1,092 — 1,092 U.S. government and agency obligations 1,301 — — 1,301 Foreign government bonds and obligations — 92 — 92 Other securities — 49 — 49 Total Available-for-Sale securities 1,301 30,205 544 32,050 Investments at net asset value (“NAV”) 11 (1) Trading and other securities 217 25 — 242 Separate account assets at NAV 97,491 (1) Investments and cash equivalents segregated for regulatory purposes 600 — — 600 Receivables: Fixed deferred indexed annuity ceded embedded derivatives — — 59 59 Other assets: Interest rate derivative contracts 1 1,251 — 1,252 Equity derivative contracts 158 4,135 — 4,293 Credit derivative contracts — 9 — 9 Foreign exchange derivative contracts 1 19 — 20 Total other assets 160 5,414 — 5,574 Total assets at fair value $ 4,619 $ 39,122 $ 603 $ 141,846 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives $ — $ 5 $ 56 $ 61 IUL embedded derivatives — — 905 905 GMWB and GMAB embedded derivatives — — 1,486 1,486 (2) Structured variable annuity embedded derivatives — — 406 406 Total policyholder account balances, future policy benefits and claims — 5 2,853 2,858 (3) Customer deposits — 4 — 4 Other liabilities: Interest rate derivative contracts 1 467 — 468 Equity derivative contracts 101 3,653 — 3,754 Foreign exchange derivative contracts 1 — — 1 Other 212 4 61 277 Total other liabilities 315 4,124 61 4,500 Total liabilities at fair value $ 315 $ 4,133 $ 2,914 $ 7,362 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 (4) Structured variable annuity embedded derivatives — — 70 70 Total policyholder account balances, future policy benefits and claims — 3 3,370 3,373 (5) 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 (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 $1.6 billion of individual contracts in a liability position and $133 million of individual contracts in an asset position (recorded as a contra liability) as of December 31, 2021. (3) The Company’s adjustment for nonperformance risk resulted in a $598 million cumulative decrease to the embedded derivatives as of December 31, 2021. (4) 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. (5) The Company’s adjustment for nonperformance risk resulted in a $727 million cumulative decrease to the embedded derivatives as of December 31, 2020 .
Summary of changes in Level 3 assets measured at fair value on a recurring basis	Available-for-Sale Securities Receivables Corporate Debt Securities Residential Mortgage Backed Securities Commercial Mortgage Backed Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2021 $ 772 $ 9 $ — $ 32 $ 813 $ — Total gains (losses) included in: Net income (1) — — — (1) (1) 3 Other comprehensive income (loss) (10) — — — (10) — Purchases 108 78 35 — 221 — Sales — — — (1) (1) — Issues — — — — — 57 (5) Settlements (119) — — (2) (121) (1) Transfers into Level 3 168 — — 2 170 — Transfers out of Level 3 (416) (87) — (24) (527) — Balance at December 31, 2021 $ 502 $ — $ 35 $ 7 $ 544 $ 59 Changes in unrealized gains (losses) in net income relating to assets held at December 31, 2021 $ (1) $ — $ — $ (1) $ (2) (1) $ — Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at December 31, 2021 $ (8) $ — $ — $ 1 $ (7) $ — Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives GMWB and GMAB Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2021 $ 49 $ 935 $ 2,316 $ 70 $ 3,370 $ 43 Total (gains) losses included in: Net income 10 (2) 68 (2) (1,344) (3) 393 (3) (873) (13) (4) Issues — — 369 (28) 341 45 Settlements (3) (98) 145 (29) 15 (14) Balance at December 31, 2021 $ 56 $ 905 $ 1,486 $ 406 $ 2,853 $ 61 Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2021 $ — $ 68 (2) $ (1,299) (3) $ — $ (1,231) $ — Available-for-Sale Securities Corporate Debt Securities Residential Mortgage Backed Securities Asset Backed Securities Total (in millions) Balance at 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 at December 31, 2020 $ 772 $ 9 $ 32 $ 813 Changes in unrealized gains (losses) in net income 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 Embedded Derivatives GMWB and GMAB Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at 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 at December 31, 2020 $ 49 $ 935 $ 2,316 $ 70 $ 3,370 $ 43 Changes in unrealized (gains) losses in net income 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 at 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 at December 31, 2019 $ 750 $ 17 $ — $ 19 $ 786 Changes in unrealized gains (losses) in net income 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 Embedded Derivatives GMWB and GMAB Embedded Derivatives Total (in millions) Balance at 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 at December 31, 2019 $ 43 $ 881 $ 763 $ 1,687 $ 44 Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2019 $ — $ 209 (2) $ 82 (3) $ 291 $ — (1) Included in Net investment income. (2) Included in Interest credited to fixed accounts. (3) Included in Benefits, claims, losses and settlement expenses. (4) Included in General and administrative expense. (5) Represents the amount of ceded embedded derivatives associated with fixed deferred annuity products reinsured in the third quarter of 2021. See Note 1 for additional information on the reinsurance transaction.
Summary of changes in Level 3 liabilities measured at fair value on a recurring basis	Available-for-Sale Securities Receivables Corporate Debt Securities Residential Mortgage Backed Securities Commercial Mortgage Backed Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2021 $ 772 $ 9 $ — $ 32 $ 813 $ — Total gains (losses) included in: Net income (1) — — — (1) (1) 3 Other comprehensive income (loss) (10) — — — (10) — Purchases 108 78 35 — 221 — Sales — — — (1) (1) — Issues — — — — — 57 (5) Settlements (119) — — (2) (121) (1) Transfers into Level 3 168 — — 2 170 — Transfers out of Level 3 (416) (87) — (24) (527) — Balance at December 31, 2021 $ 502 $ — $ 35 $ 7 $ 544 $ 59 Changes in unrealized gains (losses) in net income relating to assets held at December 31, 2021 $ (1) $ — $ — $ (1) $ (2) (1) $ — Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at December 31, 2021 $ (8) $ — $ — $ 1 $ (7) $ — Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives GMWB and GMAB Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2021 $ 49 $ 935 $ 2,316 $ 70 $ 3,370 $ 43 Total (gains) losses included in: Net income 10 (2) 68 (2) (1,344) (3) 393 (3) (873) (13) (4) Issues — — 369 (28) 341 45 Settlements (3) (98) 145 (29) 15 (14) Balance at December 31, 2021 $ 56 $ 905 $ 1,486 $ 406 $ 2,853 $ 61 Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2021 $ — $ 68 (2) $ (1,299) (3) $ — $ (1,231) $ — Available-for-Sale Securities Corporate Debt Securities Residential Mortgage Backed Securities Asset Backed Securities Total (in millions) Balance at 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 at December 31, 2020 $ 772 $ 9 $ 32 $ 813 Changes in unrealized gains (losses) in net income 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 Embedded Derivatives GMWB and GMAB Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at 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 at December 31, 2020 $ 49 $ 935 $ 2,316 $ 70 $ 3,370 $ 43 Changes in unrealized (gains) losses in net income 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 at 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 at December 31, 2019 $ 750 $ 17 $ — $ 19 $ 786 Changes in unrealized gains (losses) in net income 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 Embedded Derivatives GMWB and GMAB Embedded Derivatives Total (in millions) Balance at 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 at December 31, 2019 $ 43 $ 881 $ 763 $ 1,687 $ 44 Changes in unrealized (gains) losses in net income relating to liabilities held at December 31, 2019 $ — $ 209 (2) $ 82 (3) $ 291 $ — (1) Included in Net investment income. (2) Included in Interest credited to fixed accounts. (3) Included in Benefits, claims, losses and settlement expenses. (4) Included in General and administrative expense. (5) Represents the amount of ceded embedded derivatives associated with fixed deferred annuity products reinsured in the third quarter of 2021. See Note 1 for additional information on the reinsurance transaction.

Offsetting Assets and Liabili_2

Offsetting Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Offsetting [Abstract]
Schedule of gross and net information about assets subject to master netting arrangements	December 31, 2021 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 $ 5,387 $ — $ 5,387 $ (3,613) $ (1,637) $ (114) $ 23 OTC cleared 88 — 88 (41) — — 47 Exchange-traded 99 — 99 (91) — — 8 Total derivatives 5,574 — 5,574 (3,745) (1,637) (114) 78 Securities borrowed 135 — 135 (41) — (91) 3 Total $ 5,709 $ — $ 5,709 $ (3,786) $ (1,637) $ (205) $ 81 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 (1) Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets
Schedule of gross and net information about liabilities subject to master netting arrangements	December 31, 2021 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 $ 4,091 $ — $ 4,091 $ (3,613) $ (183) $ (292) $ 3 OTC cleared 41 — 41 (41) — — — Exchange-traded 91 — 91 (91) — — — Total derivatives 4,223 — 4,223 (3,745) (183) (292) 3 Securities loaned 207 — 207 (41) — (160) 6 Total $ 4,430 $ — $ 4,430 $ (3,786) $ (183) $ (452) $ 9 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 (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, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional value and gross fair value of derivative instruments, including embedded derivatives	December 31, 2021 December 31, 2020 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 Equity contracts - cash flow hedges $ 19 $ — $ — $ — $ — $ — Foreign exchange contracts - net investment hedges 58 — — 32 — 2 Total qualifying hedges 77 — — 32 — 2 Derivatives not designated as hedging instruments Interest rate contracts 79,468 1,252 468 77,951 1,755 734 Equity contracts 61,142 4,293 3,754 57,254 4,090 3,571 Credit contracts 1,748 9 — 2,297 2 1 Foreign exchange contracts 2,380 20 1 3,423 23 4 Total non-designated hedges 144,738 5,574 4,223 140,925 5,870 4,310 Embedded derivatives GMWB and GMAB (4) N/A — 1,486 N/A — 2,316 IUL N/A — 905 N/A — 935 Fixed deferred indexed annuities and deposit receivables N/A 59 61 N/A — 52 Structured variable annuities N/A — 406 N/A — 70 SMC N/A — 4 N/A — 8 Total embedded derivatives N/A 59 2,862 N/A — 3,381 Total derivatives $ 144,815 $ 5,633 $ 7,085 $ 140,957 $ 5,870 $ 7,693 N/A Not applicable. (1) The fair value of freestanding derivative assets is included in Other assets and the fair value of ceded embedded derivative assets related to deposit receivables is included in Receivables. (2) The fair value of freestanding derivative liabilities is included in Other liabilities. The fair value of GMWB and GMAB, IUL, fixed deferred indexed annuity and structured variable annuity embedded derivatives is included in Policyholder account balances, future policy benefits and claims. The fair value of the SMC embedded derivative liability is included in Customer deposits. (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 $3.2 billion and $3.7 billion as of December 31, 2021 and 2020, 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, 2021 included $1.6 billion of individual contracts in a liability position and $133 million of individual contracts in an asset position. 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.
Summary of impact of derivatives not designated as hedging instruments, including embedded derivatives	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, 2021 Interest rate contracts $ (23) $ — $ (1) $ — $ (886) $ — Equity contracts (4) 1 116 91 (817) 17 Credit contracts — — 1 — 43 — Foreign exchange contracts 1 — — — 5 8 GMWB and GMAB embedded derivatives — — — — 830 — IUL embedded derivatives — — — 30 — — Fixed deferred indexed annuity and deposit receivables embedded derivatives — — — (8) — — Structured variable annuity embedded derivatives — — — — (393) — SMC embedded derivatives — (1) — — — — Total gain (loss) $ (26) $ — $ 116 $ 113 $ (1,218) $ 25 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 GMWB and GMAB embedded derivatives — — — — (1,553) — IUL embedded derivatives — — — 7 — — Fixed deferred indexed annuity embedded derivatives — — — (4) — — Structured variable annuity embedded derivatives — — — — (91) — SMC embedded derivatives — (1) — — — — 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) 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
Summary of payments to make and receive for options and swaptions	Premiums Payable Premiums Receivable (in millions) 2022 $ 204 $ 204 2023 51 43 2024 137 25 2025 124 22 2026 252 88 2027-2028 18 — Total $ 786 $ 382
Summary of the impact of derivatives designated as hedges	Years Ended December 31, 2020 2019 (in millions) 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 (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Schedule of balances for operating and finance ROU assets and lease liabilities	Leases Balance Sheet Classification December 31, 2021 December 31, 2020 (in millions) Assets Operating lease assets Other assets $ 291 $ 215 Finance lease assets Other assets 38 44 Total lease assets $ 329 $ 259 Liabilities Operating lease liabilities Other liabilities $ 341 $ 254 Finance lease liabilities Long-term debt 40 44 Total lease liabilities $ 381 $ 298
Schedule of components of lease expense	Years Ended December 31, Lease cost Income Statement Classification 2021 2020 2019 (in millions) Operating lease cost General and administrative expense $ 57 $ 57 $ 58 Finance lease costs: Amortization of ROU assets General and administrative expense 13 10 8 Interest on lease liabilities Interest and debt expense 2 2 2 Total lease cost $ 72 $ 69 $ 68
Schedule of weighted average lease term and discount rate related to operating and finance leases	December 31, 2021 December 31, 2020 Lease term and discount rate Finance Leases Operating Leases Finance Leases Operating Leases Weighted-average remaining lease term (years) 3.8 7.2 4.8 5.8 Weighted-average discount rate 3.4 % 2.1 % 3.4 % 2.6 %
Schedule of supplemental cash flow Information	Years Ended December 31, Supplemental cash flow information 2021 2020 2019 (in millions) Operating cash flows: Cash paid for amounts included in measurement of operating lease liabilities $ 50 $ 65 $ 62 Cash paid for amounts included in measurement of finance lease liabilities 2 2 2 Financing cash flows: Cash paid for amounts included in measurement of finance lease liabilities $ 9 $ 12 $ 13
Schedule of maturities of liabilities of finance leases	Maturity of Lease Liabilities December 31, 2021 Finance Leases Operating Leases (in millions) 2022 $ 11 $ 68 2023 11 61 2024 11 51 2025 10 45 2026 — 38 Thereafter — 104 Total lease payments 43 367 Less: Interest 3 26 Present value of lease liabilities $ 40 $ 341
Schedule of maturities of liabilities of operating leases	Maturity of Lease Liabilities December 31, 2021 Finance Leases Operating Leases (in millions) 2022 $ 11 $ 68 2023 11 61 2024 11 51 2025 10 45 2026 — 38 Thereafter — 104 Total lease payments 43 367 Less: Interest 3 26 Present value of lease liabilities $ 40 $ 341

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Components of share-based compensation expense, net of forfeitures	Years Ended December 31, 2021 2020 2019 (in millions) Stock option $ 20 $ 23 $ 31 Restricted stock 24 24 22 Restricted stock units 108 99 82 Liability awards 92 67 53 Total $ 244 $ 213 $ 188
Weighted average assumptions used for stock option grants	2021 2020 2019 Dividend yield 2.5 % 2.5 % 3.0 % Expected volatility 36 % 27 % 27 % Risk-free interest rate 0.4 % 1.4 % 2.4 % Expected life of stock option (years) 5.0 5.0 5.0
Summary of stock option activity	Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Aggregate Intrinsic Value Outstanding at January 1 4.8 $ 133.75 6.5 $ 290 Granted 0.3 197.97 Exercised (1.8) 123.30 Outstanding at December 31 3.3 145.79 6.3 518 Exercisable at December 31 2.2 138.35 5.5 365
Summary of activity for restricted stock, restricted stock units and stock and deferred share units	Shares Weighted Average Grant-date Non-vested shares at January 1 1.3 $ 144.10 Granted 0.6 217.47 Deferred 0.2 251.99 Vested (0.7) 177.39 Forfeited (0.1) 165.98 Non-vested shares at December 31 1.3 170.91

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Schedule of amounts related to each component of OCI	Year Ended December 31, 2021 Pretax Income Tax Benefit (Expense) Net of Tax (in millions) Net unrealized gains (losses) on securities: Net unrealized gains (losses) on securities arising during the period (1) $ (622) $ 137 $ (485) Reclassification of net (gains) losses on securities included in net income (2) (561) 118 (443) Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables 333 (70) 263 Net unrealized gains (losses) on securities (850) 185 (665) Net unrealized gains (losses) on derivatives: Reclassification of net (gains) losses on derivatives included in net income (3) (1) — (1) Net unrealized gains (losses) on derivatives (1) — (1) Defined benefit plans: Prior service credits and costs (3) 1 (2) Net gains (losses) 70 (15) 55 Defined benefit plans 67 (14) 53 Foreign currency translation (16) 3 (13) Total other comprehensive income (loss) $ (800) $ 174 $ (626) 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 credits (2) — (2) Net gains (losses) (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 credits 14 (3) 11 Net gains (losses) (36) 7 (29) Defined benefit plans (22) 4 (18) Foreign currency translation 18 (1) 17 Total other comprehensive income (loss) $ 715 $ (162) $ 553 (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, $1 million and $2 million pretax gain reclassified to interest and debt expenses and nil pretax loss reclassified to net investment income for the years ended December 31, 2021, 2020 and 2019, respectively.
Schedule of changes in the balances of each component of AOCI	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, 2019 $ 20 $ 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 OCI before reclassifications (222) — 36 (13) — (199) Amounts reclassified from AOCI (443) (1) 17 — — (427) Total OCI (665) (1) 53 (13) — (626) Balance, December 31, 2021 $ 318 (1) $ 4 $ (151) $ (167) $ (1) $ 3 (1) Includes nil, nil and $1 million of noncredit related impairments on securities and net unrealized gains (losses) on previously impaired securities as of December 31, 2021, 2020 and 2019, respectively.

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Schedule of computations of basic and diluted earnings per share	Years Ended December 31, 2021 2020 2019 (in millions, except per share amounts) Numerator: Net income $ 2,760 $ 1,534 $ 1,893 Denominator: Basic: Weighted-average common shares outstanding 117.3 123.8 134.1 Effect of potentially dilutive nonqualified stock options and other share-based awards 2.7 1.9 1.9 Diluted: Weighted-average common shares outstanding 120.0 125.7 136.0 Earnings per share attributable to Ameriprise Financial, Inc. common shareholders: Basic $ 23.53 $ 12.39 $ 14.12 Diluted $ 23.00 $ 12.20 $ 13.92

Regulatory Requirements (Tables

Regulatory Requirements (Tables)	12 Months Ended
	Dec. 31, 2021
Insurance [Abstract]
Summary of statutory net gain from operations and net income (loss)	Years Ended December 31, 2021 2020 2019 (in millions) RiverSource Life Statutory net gain from operations $ 1,366 $ 1,393 $ 1,505 Statutory net income 253 1,582 786
Schedule of net capital position of broker-dealer companies	December 31, 2021 2020 (in millions, except percentages) AEIS Net capital as a percent of aggregate debit items 10.58 % 9.51 % Net capital $ 155 $ 122 Less: required net capital 29 25 Excess net capital $ 126 $ 97 AFS Net capital $ 103 $ 134 Less: required net capital — — Excess net capital $ 103 $ 134
Schedule of bank regulatory capital	Regulatory Capital Actual Requirement To be well Amount Ratio Amount Ratio Amount Ratio (in millions, except percentages) At December 31, 2021 Common equity Tier 1 capital $ 853 29.54 % $ 130 4.50 % $ 188 6.50 % Tier 1 capital 853 29.54 173 6.00 231 8.00 Total capital 855 29.60 231 8.00 289 10.00 Tier 1 leverage 853 7.24 471 4.00 589 5.00 At December 31, 2020 Common equity Tier 1 capital $ 657 12.08 % $ 245 4.50 % $ 353 6.50 % Tier 1 capital 657 12.08 326 6.00 435 8.00 Total capital 658 12.10 435 8.00 543 10.00 Tier 1 leverage 657 8.36 314 4.00 393 5.00

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of components of income tax provision	Years Ended December 31, 2021 2020 2019 (in millions) Current income tax Federal $ 551 $ 527 $ 531 State and local 79 63 80 Foreign 47 28 36 Total current income tax 677 618 647 Deferred income tax Federal (62) (309) (297) State and local (3) (16) (13) Foreign (22) 4 2 Total deferred income tax (87) (321) (308) Total income tax provision $ 590 $ 297 $ 339
Schedule of geographic sources of pretax income	Years Ended December 31, 2021 2020 2019 (in millions) United States $ 3,126 $ 1,685 $ 2,045 Foreign 224 146 187 Total $ 3,350 $ 1,831 $ 2,232
Schedule of reasons for aggregate income tax provision differences to U.S. statutory rate	Years Ended December 31, 2021 2020 2019 Tax at U.S. statutory rate 21.0 % 21.0 % 21.0 % Changes in taxes resulting from: Low income housing tax credits (2.0) (4.3) (3.6) State taxes, net of federal benefit 1.8 2.1 2.4 Incentive compensation (1.6) (1.4) — Dividends received deduction — (2.1) (1.8) Foreign tax credits, net of addback — — (2.2) Other, net (1.6) 0.9 (0.6) Income tax provision 17.6 % 16.2 % 15.2 %
Schedule of significant components of deferred income tax assets and liabilities	December 31, 2021 2020 (in millions) Deferred income tax assets Liabilities for policyholder account balances, future policy benefits and claims $ 1,996 $ 1,618 Deferred compensation 586 493 Right of use lease liability 73 60 Postretirement benefits — 65 Other 106 51 Gross deferred income tax assets 2,761 2,287 Less: valuation allowance 32 15 Total deferred income tax assets 2,729 2,272 Deferred income tax liabilities Investment related 565 253 Deferred acquisition costs 481 435 Intangible assets 209 124 Net unrealized gains on Available-for-Sale securities 113 295 Depreciation expense 89 99 Goodwill 77 70 Right of use lease asset 62 54 Deferred sales inducement costs — 44 Other 45 18 Gross deferred income tax liabilities 1,641 1,392 Net deferred income tax assets $ 1,088 $ 880
Reconciliation rollforward of gross unrecognized tax benefits	2021 2020 2019 (in millions) Balance at January 1 $ 110 $ 100 $ 92 Additions based on tax positions related to the current year 21 11 15 Reductions based on tax positions related to the current year (1) (1) — Additions for tax positions of prior years 5 10 39 Reductions for tax positions of prior years (8) (4) (17) Reductions due to lapse of statute of limitations (1) (5) — Audit settlements (1) (1) (29) Balance at December 31 $ 125 $ 110 $ 100

Retirement Plans and Profit S_2

Retirement Plans and Profit Sharing Arrangements (Tables)	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Schedule of components of net periodic benefit cost	Years Ended December 31, 2021 2020 2019 (in millions) Service cost $ 45 $ 45 $ 44 Interest cost 21 29 36 Expected return on plan assets (57) (55) (53) Amortization of prior service credits (2) (2) — Amortization of net loss 23 15 5 Other 5 7 8 Net periodic benefit cost $ 35 $ 39 $ 40
Reconciliation of changes in benefit obligation	Pension Plans Other Postretirement Plans 2021 2020 2021 2020 (in millions) Benefit obligation, January 1 $ 1,271 $ 1,111 $ 14 $ 14 Service cost 45 45 — — Interest cost 21 29 — — Plan change 7 — — — Benefits paid (12) (10) (1) (1) Actuarial (gain) loss 16 117 — 1 Acquisitions 498 — — — Settlements (27) (30) — — Foreign currency rate changes (4) 9 — — Benefit obligation, December 31 $ 1,815 $ 1,271 $ 13 $ 14
Reconciliation of changes in fair value of assets	Pension Plans 2021 2020 (in millions) Fair value of plan assets, January 1 $ 905 $ 838 Actual return on plan assets 121 67 Employer contributions 14 31 Benefits paid (12) (10) Acquisitions 586 — Settlements (27) (30) Foreign currency rate changes (4) 9 Fair value of plan assets, December 31 $ 1,583 $ 905
Schedule of amounts recognized in Consolidated Balance Sheets	Pension Plans Other Postretirement Plans 2021 2020 2021 2020 (in millions) Benefit liability $ (339) $ (366) $ (13) $ (14) Benefit asset 107 — — — Net amount recognized $ (232) $ (366) $ (13) $ (14)
Schedule of pension plans with benefit obligations in excess of plan assets	December 31, 2021 2020 (in millions) Pension plans with accumulated benefit obligations in excess of plan assets Accumulated benefit obligation $ 1,769 $ 1,211 Fair value of plan assets 1,583 905 Pension plans with projected benefit obligations in excess of plan assets Projected benefit obligation $ 1,815 $ 1,271 Fair value of plan assets 1,583 905
Schedule of weighted average assumptions used to determine benefit obligations and net periodic benefit cost of pension plans	The weighted average assumptions used to determine benefit obligations were as follows: Pension Plans Other Postretirement Plans 2021 2020 2021 2020 Discount rates 2.46 % 2.16 % 2.01 % 2.01 % Rates of increase in compensation levels 3.72 3.96 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: 2021 2020 2019 Discount rates 2.33 % 2.97 % 4.00 % Rates of increase in compensation levels 5.21 4.01 4.25 Expected long-term rates of return on assets 6.58 7.14 7.18 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	Asset Category December 31, 2021 Level 1 Level 2 Level 3 Total (in millions) Equity securities: U.S. small cap stocks $ 102 $ — $ — $ 102 Non-U.S. large cap stocks 41 — — 41 Debt securities: U.S. investment grade bonds 45 21 — 66 Non-U.S. investment grade bonds 17 — — 17 Insurance contracts — — 41 41 Cash equivalents at NAV 20 (1) Collective investment funds at NAV 984 (1) Real estate investment trusts at NAV 24 (1) Hedge funds at NAV 62 (1) Pooled pension funds at NAV 226 (1) Total $ 205 $ 21 $ 41 $ 1,583 December 31, 2020 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 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
Schedule of expected pension plan benefit payments to retirees	Pension Plans Other (in millions) 2022 $ 64 $ 2 2023 79 1 2024 76 1 2025 79 1 2026 80 1 2027-2031 451 5

Commitments, Guarantees and C_2

Commitments, Guarantees and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of funding commitments	2021 2020 (in millions) Commercial mortgage loans $ 48 $ 18 Affordable housing and other real estate partnerships 9 12 Property funds 38 17 Private funds — 9 Pledged asset lines of credit 919 342 Consumer lines of credit — 1 Total funding commitments $ 1,014 $ 399

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Summary of selected financial information by segment and reconciliation to consolidated	December 31, 2021 2020 (in millions) Advice & Wealth Management $ 24,986 $ 21,266 Asset Management 10,990 8,406 Retirement & Protection Solutions 119,469 114,850 Corporate & Other 20,534 21,361 Total assets $ 175,979 $ 165,883 Years Ended December 31, 2021 2020 2019 (in millions) Adjusted operating net revenues: Advice & Wealth Management $ 8,021 $ 6,675 $ 6,599 Asset Management 3,682 2,891 2,913 Retirement & Protection Solutions 3,244 3,094 3,123 Corporate & Other 487 546 1,477 Elimination of intersegment revenues (1) (1,573) (1,377) (1,402) Total segment adjusted operating net revenues 13,861 11,829 12,710 Net realized gains (losses) 90 (11) (14) Revenue attributable to consolidated investment entities 107 71 88 Market impact on non-traditional long-duration products, net 38 10 — Mean reversion related impacts 1 — — Market impact of hedges on investments (22) — (35) Block transfer reinsurance transaction impacts (644) — 8 Integration and restructuring charges — — (3) Gain on disposal of business — — 213 Total net revenues per consolidated statements of operations $ 13,431 $ 11,899 $ 12,967 (1) Represents the elimination of intersegment revenues recognized for the years ended December 31, 2021, 2020 and 2019 in each segment as follows: Advice and Wealth Management ($1,043, $893 and $924, respectively); Asset Management ($50, $53 and $55, respectively); Retirement & Protection Solutions ($478, $433 and $429, respectively); and Corporate & Other ($2, $(2) and $(6), respectively). Years Ended December 31, 2021 2020 2019 (in millions) Adjusted operating earnings: Advice & Wealth Management $ 1,743 $ 1,321 $ 1,509 Asset Management 1,096 697 661 Retirement & Protection Solutions 735 480 724 Corporate & Other (270) (369) (286) Total segment adjusted operating earnings 3,304 2,129 2,608 Net realized gains (losses) 87 (10) (12) Net income (loss) attributable to consolidated investment entities (4) 4 1 Market impact on non-traditional long-duration products, net (656) (375) (591) Mean reversion related impacts 152 87 57 Market impact of hedges on investments (22) — (35) Block transfer reinsurance transaction impacts 521 — 8 Integration and restructuring charges (32) (4) (17) Gain on disposal of business — — 213 Pretax income per consolidated statements of operations $ 3,350 $ 1,831 $ 2,232

SCHEDULE I - CONDENSED FINANC_2

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Parent Company Only) (Tables)	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
Condensed Statements of Operations	Schedule I — Condensed Financial Information of Registrant Years Ended December 31, 2021 2020 2019 (in millions) Revenues Management and financial advice fees $ — $ — $ (1) Net investment income 27 23 9 Other revenues 9 15 14 Gain on disposal of business — — 213 Total revenues 36 38 235 Banking and deposit interest expense 2 3 9 Total net revenues 34 35 226 Expenses Benefits, claims, losses and settlement expenses — — 49 Distribution expenses 7 12 24 Interest and debt expense 102 105 126 General and administrative expense 258 198 244 Total expenses 367 315 443 Pretax loss before equity in earnings of subsidiaries (333) (280) (217) Income tax provision (benefit) 157 (87) (38) Loss before equity in earnings of subsidiaries (490) (193) (179) Equity in earnings of subsidiaries, net of tax 3,250 1,727 2,072 Net income 2,760 1,534 1,893 Other comprehensive income (loss), net of tax (626) 367 553 Total comprehensive income $ 2,134 $ 1,901 $ 2,446 See Notes to Condensed Financial Information of Registrant.
Condensed Balance Sheets	Schedule I — Condensed Financial Information of Registrant December 31, 2021 2020 (in millions, except share amounts) Assets Cash and cash equivalents $ 827 $ 1,071 Investments 905 877 Loans to subsidiaries 483 247 Due from subsidiaries 242 497 Receivables 4 2 Land, buildings, equipment, and software, net of accumulated depreciation of $973 and $929, respectively 193 208 Investments in subsidiaries 7,010 7,153 Other assets 1,308 1,334 Total assets $ 10,972 $ 11,389 Liabilities and Shareholders’ Equity Liabilities: Accounts payable and accrued expenses $ 1,118 $ 936 Due to subsidiaries 83 60 Borrowings from subsidiaries 446 494 Long-term debt 2,829 2,831 Other liabilities 811 1,201 Total liabilities 5,287 5,522 Shareholders’ Equity: Common shares ($.01 par value; shares authorized, 1,250,000,000; shares issued, 334,828,117 and 332,390,132, respectively) 3 3 Additional paid-in capital 9,220 8,822 Retained earnings 17,525 15,292 Treasury shares, at cost (223,967,107 and 215,624,519 shares, respectively) (21,066) (18,879) Accumulated other comprehensive income (loss), net of tax, including amounts applicable to equity investments in subsidiaries 3 629 Total shareholders’ equity 5,685 5,867 Total liabilities and equity $ 10,972 $ 11,389 See Notes to Condensed Financial Information of Registrant.
Condensed Statements of Cash Flows	Schedule I — Condensed Financial Information of Registrant Years Ended December 31, 2021 2020 2019 (in millions) Cash Flows from Operating Activities Net income $ 2,760 $ 1,534 $ 1,893 Equity in earnings of subsidiaries (3,250) (1,727) (2,072) Dividends received from subsidiaries 4,027 2,018 2,721 Gain on disposal of business before affinity partner payment — — (313) Other operating activities, primarily with subsidiaries 343 282 596 Net cash provided by (used in) operating activities 3,880 2,107 2,825 Cash Flows from Investing Activities Available-for-Sale securities: Proceeds from sales — 922 — Maturities, sinking fund payments and calls 93 161 204 Purchases (82) (15) (1,153) Proceeds from sale of other investments 1 — 6 Purchase of other investments (16) (12) (12) Proceeds from sale of land, buildings, equipment and software 1 2 — Purchase of land, buildings, equipment and software (28) (54) (42) Proceeds from disposal of business — — 1,138 Contributions to subsidiaries (1,291) (416) (368) Return of capital from subsidiaries 39 131 18 Repayment of loans from subsidiaries 2,701 3,288 2,468 Issuance of loans to subsidiaries (2,937) (3,174) (2,457) Acquisition of surplus loans to subsidiaries — (500) — Other, net — — (65) Net cash provided by (used in) investing activities (1,519) 333 (263) Cash Flows from Financing Activities Dividends paid to shareholders (511) (497) (504) Repurchase of common shares (2,030) (1,441) (1,943) Cash paid for purchased options with deferred premiums — — (107) Issuance of long-term debt, net of issuance costs 4 496 497 Repayments of long-term debt (9) (762) (313) Borrowings from subsidiaries 244 871 132 Repayments of borrowings from subsidiaries (403) (751) (79) Exercise of stock options 1 3 3 Other, net 99 (18) 6 Net cash provided by (used in) financing activities (2,605) (2,099) (2,308) Net increase (decrease) in cash and cash equivalents (244) 341 254 Cash and cash equivalents at beginning of year 1,071 730 476 Cash and cash equivalents at end of year $ 827 $ 1,071 $ 730 Supplemental Disclosures: Interest paid on debt $ 95 $ 107 $ 123 Income taxes paid (received), net 173 26 (109) Non-cash dividends from subsidiaries — — 81 Non-cash contributions to subsidiaries 52 — — See Notes to Condensed Financial Information of Registrant.

Basis of Presentation - Out of

Basis of Presentation - Out of Period Corrections (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Out-of-period corrections
Other comprehensive income (loss), net of tax			$ (626)	$ 367	$ 553
Management and financial advice fees
Out-of-period corrections
Revenue from contracts with customers			$ (9,275)	$ (7,368)	$ (7,015)
Correction related to defined benefit plans
Out-of-period corrections
Other comprehensive income (loss), net of tax	$ 29
Correction related to performance fees | Management and financial advice fees
Out-of-period corrections
Revenue from contracts with customers		$ 19

Basis of Presentation - Reinsur

Basis of Presentation - Reinsurance Transaction (Details) - Subsidiaries - RiverSource Life Insurance Company - USD ($) $ in Millions	Jul. 01, 2021	Sep. 30, 2021
Reinsurance transaction
Consideration transferred in reinsurance transaction		$ 7,800
Net realized gain		$ 532
Fixed deferred and immediate annuity policies
Reinsurance transaction
Policies reinsured	$ 7,000

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Consolidation (Details)	Dec. 31, 2021
Minimum
Principles of consolidation
Voting interest for consolidation (as a percent)	50.00%
Equity method ownership (as a percent)	20.00%
Maximum
Principles of consolidation
Equity method ownership (as a percent)	50.00%
Voting interest ownership for using measurement alternative cost method (as a percent)	20.00%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Investments and Financing Receivables (Details)	12 Months Ended
	Dec. 31, 2021
Available-for-Sale securities:
Period past due for nonaccrual status	90 days
COVID 19 loan modifications | Maximum
Financing Receivables
Period past due	30 days
Commercial Loans | Commercial mortgage loans
Financing Receivables
Period past due for nonaccrual status	90 days
Commercial Loans | Syndicated loans
Financing Receivables
Period past due for nonaccrual status	90 days
Consumer Loans | Credit card receivables
Financing Receivables
Period past due receivables are fully charged off	180 days

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Land, Buildings, Equipment and Software and Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Land, buildings, equipment and software
Land, buildings, equipment and software, net of accumulated depreciation	$ 590	$ 602
Accumulated depreciation	2,000	1,900
Depreciation and amortization expense	$ 144	$ 153	$ 147
Minimum
Land, buildings, equipment and software
Depreciation and amortization period	3 years
Leases
Lease renewal term	1 year
Maximum
Land, buildings, equipment and software
Depreciation and amortization period	39 years
Leases
Lease renewal term	20 years

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregated Revenue (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue disaggregated by segment
Total revenues		$ 13,443	$ 11,958	$ 13,103
Banking and deposit interest expense		(12)	(59)	(136)
Total net revenues		13,431	11,899	12,967
Management and financial advice fees
Revenue disaggregated by segment
Revenue from contracts with customers		9,275	7,368	7,015
Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers		1,830	1,661	1,919
Advice and Wealth Management Segment
Revenue disaggregated by segment
Total net revenues		6,978	5,782	5,675
Asset Management Segment
Revenue disaggregated by segment
Total net revenues		3,632	2,838	2,858
Retirement and Protection Solutions Segment
Revenue disaggregated by segment
Total net revenues		2,766	2,661	2,694
Corporate and Other Segment
Revenue disaggregated by segment
Total net revenues		485	548	1,483
Reportable segments
Revenue disaggregated by segment
Revenue from contracts with customers		11,877	9,696	9,604
Revenue from other sources	[1]	3,571	3,572	4,652
Total revenues		15,448	13,268	14,256
Banking and deposit interest expense		(14)	(62)	(144)
Total net revenues		15,434	13,206	14,112
Reportable segments | Management and financial advice fees
Revenue disaggregated by segment
Revenue from contracts with customers		8,544	6,727	6,371
Reportable segments | Asset Management: Retail
Revenue disaggregated by segment
Revenue from contracts with customers		2,309	1,822	1,783
Reportable segments | Asset Management: Institutional
Revenue disaggregated by segment
Revenue from contracts with customers		645	442	495
Reportable segments | Advisory fees
Revenue disaggregated by segment
Revenue from contracts with customers		4,539	3,511	3,156
Reportable segments | Financial Planning Fees
Revenue disaggregated by segment
Revenue from contracts with customers		386	348	330
Reportable segments | Transaction and other fees
Revenue disaggregated by segment
Revenue from contracts with customers		665	604	607
Reportable segments | Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers		3,133	2,776	3,052
Reportable segments | Mutual Funds
Revenue disaggregated by segment
Revenue from contracts with customers		1,134	974	963
Reportable segments | Insurance and annuity products
Revenue disaggregated by segment
Revenue from contracts with customers		1,598	1,372	1,409
Reportable segments | Other products
Revenue disaggregated by segment
Revenue from contracts with customers		401	430	680
Reportable segments | Other revenues
Revenue disaggregated by segment
Revenue from contracts with customers		200	193	181
Reportable segments | Advice and Wealth Management Segment
Revenue disaggregated by segment
Revenue from contracts with customers		7,746	6,395	6,299
Revenue from other sources	[1]	287	339	436
Total revenues		8,033	6,734	6,735
Banking and deposit interest expense		(12)	(59)	(136)
Total net revenues		8,021	6,675	6,599
Reportable segments | Advice and Wealth Management Segment | Management and financial advice fees
Revenue disaggregated by segment
Revenue from contracts with customers		5,297	4,211	3,841
Reportable segments | Advice and Wealth Management Segment | Advisory fees
Revenue disaggregated by segment
Revenue from contracts with customers		4,539	3,511	3,156
Reportable segments | Advice and Wealth Management Segment | Financial Planning Fees
Revenue disaggregated by segment
Revenue from contracts with customers		386	348	330
Reportable segments | Advice and Wealth Management Segment | Transaction and other fees
Revenue disaggregated by segment
Revenue from contracts with customers		372	352	355
Reportable segments | Advice and Wealth Management Segment | Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers		2,253	2,002	2,281
Reportable segments | Advice and Wealth Management Segment | Mutual Funds
Revenue disaggregated by segment
Revenue from contracts with customers		858	737	726
Reportable segments | Advice and Wealth Management Segment | Insurance and annuity products
Revenue disaggregated by segment
Revenue from contracts with customers		994	835	875
Reportable segments | Advice and Wealth Management Segment | Other products
Revenue disaggregated by segment
Revenue from contracts with customers		401	430	680
Reportable segments | Advice and Wealth Management Segment | Other revenues
Revenue disaggregated by segment
Revenue from contracts with customers		196	182	177
Reportable segments | Asset Management Segment
Revenue disaggregated by segment
Revenue from contracts with customers		3,652	2,867	2,879
Revenue from other sources	[1]	30	24	34
Total revenues		3,682	2,891	2,913
Total net revenues		3,682	2,891	2,913
Reportable segments | Asset Management Segment | Management and financial advice fees
Revenue disaggregated by segment
Revenue from contracts with customers		3,177	2,454	2,467
Reportable segments | Asset Management Segment | Asset Management: Retail
Revenue disaggregated by segment
Revenue from contracts with customers		2,309	1,822	1,783
Reportable segments | Asset Management Segment | Asset Management: Institutional
Revenue disaggregated by segment
Revenue from contracts with customers		645	442	495
Reportable segments | Asset Management Segment | Transaction and other fees
Revenue disaggregated by segment
Revenue from contracts with customers		223	190	189
Reportable segments | Asset Management Segment | Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers		471	411	408
Reportable segments | Asset Management Segment | Mutual Funds
Revenue disaggregated by segment
Revenue from contracts with customers		276	237	237
Reportable segments | Asset Management Segment | Insurance and annuity products
Revenue disaggregated by segment
Revenue from contracts with customers		195	174	171
Reportable segments | Asset Management Segment | Other revenues
Revenue disaggregated by segment
Revenue from contracts with customers		4	2	4
Reportable segments | Retirement and Protection Solutions Segment
Revenue disaggregated by segment
Revenue from contracts with customers		479	431	420
Revenue from other sources	[1]	2,765	2,663	2,703
Total revenues		3,244	3,094	3,123
Total net revenues		3,244	3,094	3,123
Reportable segments | Retirement and Protection Solutions Segment | Management and financial advice fees
Revenue disaggregated by segment
Revenue from contracts with customers		70	62	63
Reportable segments | Retirement and Protection Solutions Segment | Transaction and other fees
Revenue disaggregated by segment
Revenue from contracts with customers		70	62	63
Reportable segments | Retirement and Protection Solutions Segment | Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers		409	363	357
Reportable segments | Retirement and Protection Solutions Segment | Insurance and annuity products
Revenue disaggregated by segment
Revenue from contracts with customers		409	363	357
Reportable segments | Retirement and Protection Solutions Segment | Other revenues
Revenue disaggregated by segment
Revenue from contracts with customers			6
Reportable segments | Corporate and Other Segment
Revenue disaggregated by segment
Revenue from contracts with customers			3	6
Revenue from other sources	[1]	489	546	1,479
Total revenues		489	549	1,485
Banking and deposit interest expense		(2)	(3)	(8)
Total net revenues		487	546	1,477
Reportable segments | Corporate and Other Segment | Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers				6
Reportable segments | Corporate and Other Segment | Insurance and annuity products
Revenue disaggregated by segment
Revenue from contracts with customers				6
Reportable segments | Corporate and Other Segment | Other revenues
Revenue disaggregated by segment
Revenue from contracts with customers			3
Intersegment eliminations
Revenue disaggregated by segment
Total net revenues	[2]	(1,573)	(1,377)	(1,402)
Intersegment eliminations | Advice and Wealth Management Segment
Revenue disaggregated by segment
Total net revenues		(1,043)	(893)	(924)
Intersegment eliminations | Asset Management Segment
Revenue disaggregated by segment
Total net revenues		(50)	(53)	(55)
Intersegment eliminations | Retirement and Protection Solutions Segment
Revenue disaggregated by segment
Total net revenues		(478)	(433)	(429)
Intersegment eliminations | Corporate and Other Segment
Revenue disaggregated by segment
Total net revenues		(2)	2	6
Segment reconciling items
Revenue disaggregated by segment
Total net revenues		(430)	70	257
Non-operating
Revenue disaggregated by segment
Revenue from other sources	[1]	(414)	77	265
Total revenues		(414)	77	265
Total net revenues		(414)	77	265
Total
Revenue disaggregated by segment
Revenue from other sources	[1]	3,157	3,649	4,917
Total revenues		15,034	13,345	14,521
Banking and deposit interest expense		(14)	(62)	(144)
Total net revenues		15,020	13,283	14,377
Eliminations
Revenue disaggregated by segment
Total net revenues		(1,589)	(1,384)	(1,410)
Total Segments after intersegment eliminations | Reportable segments
Revenue disaggregated by segment
Total net revenues		13,861	11,829	12,710
Non-operating | Eliminations
Revenue disaggregated by segment
Total net revenues		$ (16)	$ (7)	$ (8)
[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.
[2]	Represents the elimination of intersegment revenues recognized for the years ended December 31, 2021, 2020 and 2019 in each segment as follows: Advice and Wealth Management ($1,043, $893 and $924, respectively); Asset Management ($50, $53 and $55, respectively); Retirement & Protection Solutions ($478, $433 and $429, respectively); and Corporate & Other ($2, $(2) and $(6), respectively).

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Contract Liabilities, Capitalized Costs and Receivables (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Revenue disaggregated by segment
Receivables for revenue from contracts with customers	$ 668	$ 403
Financial Planning Fees
Revenue disaggregated by segment
Capitalized contract cost, net	126	117
Financial Planning Fees | Other liabilities
Revenue disaggregated by segment
Contract liabilities	157	$ 146
Management and financial advice fees | European-based asset management business of BMO Financial Group
Revenue disaggregated by segment
Contract costs	$ 39

Variable Interest Entities - In

Variable Interest Entities - Investment Entities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
VIEs, not primary beneficiary
Variable interest entities
Obligation to provide financial or other support to VIEs	$ 0
VIEs, not primary beneficiary | CLOs
Variable interest entities
Maximum loss exposure	1	$ 3
Available-for-Sale securities, amortized cost	1	3
VIEs, not primary beneficiary | Property Funds
Variable interest entities
Maximum loss exposure	44	23
Other investments	44	23
VIEs, not primary beneficiary | Hedge Funds and other Private Funds
Variable interest entities
Maximum loss exposure	0	0
Other investments	0	0
VIEs, not primary beneficiary | Non-U.S. Series Funds
Variable interest entities
Maximum loss exposure	43	20
Other investments	43	20
VIEs, not primary beneficiary | Affordable Housing Partnerships and Other Real Estate Partnerships
Variable interest entities
Maximum loss exposure	138	200
Other investments	138	200
Liability related to original purchase commitments not yet remitted	8	9
Consolidated investment entities | Unfunded commitments
Variable interest entities
Loans	$ 27	$ 13

Variable Interest Entities - Fa

Variable Interest Entities - Fair Value of Assets and Liabilities (Details) - Consolidated investment entities - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020
Liabilities
Debt	[1]	$ 2,164	$ 1,913
Recurring basis
Assets
Investments		2,184	1,918
Receivables		17	16
Other assets		3	2
Total assets at fair value		2,204	1,936
Liabilities
Debt	[1]	2,164	1,913
Other liabilities		137	69
Total liabilities at fair value		2,301	1,982
Recurring basis | Corporate debt securities
Assets
Investments			8
Recurring basis | Common stocks
Assets
Investments		3	1
Recurring basis | Syndicated loans
Assets
Investments		2,181	1,909
Recurring basis | Level 2
Assets
Investments		2,120	1,826
Receivables		17	16
Total assets at fair value		2,137	1,842
Liabilities
Debt	[1]	2,164	1,913
Other liabilities		137	69
Total liabilities at fair value		2,301	1,982
Recurring basis | Level 2 | Corporate debt securities
Assets
Investments			8
Recurring basis | Level 2 | Common stocks
Assets
Investments		3	1
Recurring basis | Level 2 | Syndicated loans
Assets
Investments		2,117	1,817
Recurring basis | Level 3
Assets
Investments		64	92
Other assets		3	2
Total assets at fair value		67	94
Recurring basis | Level 3 | Syndicated loans
Assets
Investments		64	92
CLOs
Liabilities
Debt		$ 2,200	$ 2,000
[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 $2.2 billion and $2.0 billion as of December 31, 2021 and 2020, respectively.

Variable Interest Entities - Ch

Variable Interest Entities - Changes in Level 3 Assets (Details) - Consolidated investment entities - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Syndicated loans
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning		$ 92	$ 143	$ 226
Total gains (losses) included in Net income	[1]	2	(16)	(2)
Purchases		106	111	91
Sales		(38)	(29)	(11)
Settlements		(49)	(33)	(68)
Transfers into Level 3		119	438	272
Transfers out of Level 3		(150)	(522)	(365)
Deconsolidation of consolidated investment entities		(18)
Balance, ending		64	92	143
Changes in unrealized gains (losses) in net income relating to assets held at end of period	[1]		(2)	(3)
Other assets
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning		2	0
Total gains (losses) included in Net income	[1]	1
Purchases			2
Transfers into Level 3		2
Transfers out of Level 3		(2)
Balance, ending		3	$ 2	$ 0
Changes in unrealized gains (losses) in net income relating to assets held at end of period	[1]	$ 1
[1]	Included in Net investment income.

Variable Interest Entities - _2

Variable Interest Entities - Fair Value Option (Details) - Consolidated investment entities - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Loans
Unpaid principal balance			$ 2,233	$ 1,990
Excess unpaid principal over fair value			(52)	(81)
Fair Value			2,181	1,909
Fair value of loans more than 90 days past due				5
Fair value of loans in nonaccrual status			13	19
Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both			10	24
Debt
Unpaid principal balance			2,296	2,069
Excess unpaid principal over fair value			(132)	(156)
Debt Carrying value and Fair value	[1]		2,164	1,913
Debt issued		$ 817
CLOs
Debt
Debt Carrying value and Fair value			$ 2,200	$ 2,000
[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 $2.2 billion and $2.0 billion as of December 31, 2021 and 2020, respectively.

Variable Interest Entities - De

Variable Interest Entities - Debt and Stated Interest Rates (Details) - Consolidated investment entities - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Debt and stated interest rates
Debt, Carrying Value	$ 2,164	$ 1,913
Weighted Average Interest Rate (as a percent)	1.70%	2.10%
Minimum
Debt and stated interest rates
Interest rates (as a percent)	0.00%
Maximum
Debt and stated interest rates
Interest rates (as a percent)	9.40%

Investments - Summary (Details)

Investments - Summary (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Summary of investments
Allowance for credit losses	$ 50	$ 68	$ 51
Ameriprise Financial
Summary of investments
Available-for-Sale: Fixed maturities, at fair value	32,050	36,283
Mortgage loans, net	1,953	2,718
Policy loans	835	846
Other Investments	972	1,184
Investments, Total	35,810	41,031
Ameriprise Financial | Mortgage loans
Summary of investments
Allowance for credit losses	12	29
Ameriprise Financial | Other investments
Summary of investments
Allowance for credit losses	$ 5	$ 12

Investments - Summary of Net In

Investments - Summary of Net Investment Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Summary of Net investment income
Net investment income	$ 1,683	$ 1,251	$ 1,463
Ameriprise Financial
Summary of Net investment income
Investment income on fixed maturities	933	1,161	1,378
Net realized gains (losses)	636	(10)	(8)
Affordable housing partnerships	(71)	(66)	(98)
Other	70	89	97
Consolidated investment entities
Summary of Net investment income
Net investment income	$ 115	$ 77	$ 94

Investments - Available-for-Sal

Investments - Available-for-Sale Securities by Type (Details) - Ameriprise Financial - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	[1]
Investments
Amortized Cost	$ 30,541	$ 33,601
Gross Unrealized Gains	1,644	2,727
Gross Unrealized Losses	(134)	(34)
Allowance for Credit Loss	(1)	(11)	$ 0
Fair Value	32,050	36,283
Accrued interest excluded from amortized cost basis	140	178
Fair value of investment securities pledged to meet contractual obligations	3,100	3,600
Fair value of investment securities pledged that may be sold, pledged or rehypothecated by the counterparty	314	454
Corporate debt securities
Investments
Amortized Cost	8,737	11,762
Gross Unrealized Gains	1,243	1,924
Gross Unrealized Losses	(48)	(2)
Allowance for Credit Loss	0	(10)	0
Fair Value	9,932	13,674
Residential mortgage backed securities
Investments
Amortized Cost	10,927	9,845
Gross Unrealized Gains	67	188
Gross Unrealized Losses	(50)	(4)
Fair Value	10,944	10,029
Commercial mortgage backed securities
Investments
Amortized Cost	4,950	5,867
Gross Unrealized Gains	59	242
Gross Unrealized Losses	(23)	(21)
Fair Value	4,986	6,088
Asset backed securities
Investments
Amortized Cost	3,639	3,283
Gross Unrealized Gains	26	52
Gross Unrealized Losses	(11)	(5)
Allowance for Credit Loss	0	(1)	$ 0
Fair Value	3,654	3,329
State and municipal obligations
Investments
Amortized Cost	850	1,088
Gross Unrealized Gains	244	297
Gross Unrealized Losses	(1)	(1)
Allowance for Credit Loss	(1)	0
Fair Value	1,092	1,384
U.S. government and agency obligations
Investments
Amortized Cost	1,301	1,456
Fair Value	1,301	1,456
Foreign government bonds and obligations
Investments
Amortized Cost	88	241
Gross Unrealized Gains	5	22
Gross Unrealized Losses	(1)	(1)
Fair Value	92	262
Other securities
Investments
Amortized Cost	49	59
Gross Unrealized Gains		2
Fair Value	$ 49	$ 61
[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.

Investments - Summary of Fixed

Investments - Summary of Fixed Maturity Securities by Rating (Details) - Ameriprise Financial - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Investments
Fixed maturity securities rated internally		$ 400	$ 605
Amortized Cost		30,541	33,601
Fair Value		32,050	36,283
Holdings of single issuer greater than 10% of equity		0	0
AAA
Investments
Amortized Cost		20,563	19,815
Fair Value		20,625	20,253
AA
Investments
Amortized Cost		727	1,082
Fair Value		898	1,312
A
Investments
Amortized Cost		1,775	2,953
Fair Value		2,129	3,534
BBB
Investments
Amortized Cost		6,495	8,271
Fair Value		7,268	9,542
Below investment grade
Investments
Amortized Cost	[1]	981	1,480
Fair Value	[1]	1,130	1,642
CLOs | Below investment grade
Investments
Amortized Cost		1	3
Fair Value		$ 2	$ 3
Total investments | Credit concentration risk | Fixed maturity securities
Investments
Percentage of total		89.00%	88.00%
Fixed maturity securities | Credit concentration risk
Investments
Percentage of total		100.00%	100.00%
Fixed maturity securities | Credit concentration risk | AAA
Investments
Percentage of total		64.00%	56.00%
Fixed maturity securities | Credit concentration risk | AA
Investments
Percentage of total		3.00%	3.00%
Fixed maturity securities | Credit concentration risk | A
Investments
Percentage of total		7.00%	10.00%
Fixed maturity securities | Credit concentration risk | BBB
Investments
Percentage of total		23.00%	26.00%
Fixed maturity securities | Credit concentration risk | Below investment grade
Investments
Percentage of total		3.00%	5.00%
Fixed maturity securities | Credit concentration risk | GNMA, FNMA and FHLMC mortgage backed securities. | AAA
Investments
Percentage of total		30.00%	33.00%
[1]	The amortized cost and fair value of below investment grade securities includes interest in non-consolidated CLOs managed by the Company of $1 million and $2 million, respectively, as of December 31, 2021 and $3 million as of December 31, 2020. These securities are not rated but are included in below investment grade due to their risk characteristics.

Investments - Available-for Sal

Investments - Available-for Sale Securities in Continuous Unrealized Loss Position (Details) - Ameriprise Financial $ in Millions	Dec. 31, 2021USD ($)Positions	Dec. 31, 2020USD ($)Positions
Number of Securities
Less than 12 months | Positions	490	153
12 months or more | Positions	91	122
Total | Positions	581	275
Fair Value
Less than 12 months	$ 12,001	$ 2,193
12 months or more	533	1,046
Total	12,534	3,239
Unrealized losses
Less than 12 months	(125)	(17)
12 months or more	(9)	(17)
Total	$ (134)	$ (34)
Available -for-Sale Securities with gross unrealized losses considered investment grade (as a percent)	96.00%	92.00%
Corporate debt securities
Number of Securities
Less than 12 months | Positions	110	26
12 months or more | Positions	14	11
Total | Positions	124	37
Fair Value
Less than 12 months	$ 2,056	$ 228
12 months or more	81	19
Total	2,137	247
Unrealized losses
Less than 12 months	(43)	(1)
12 months or more	(5)	(1)
Total	$ (48)	$ (2)
Residential mortgage backed securities
Number of Securities
Less than 12 months | Positions	206	72
12 months or more | Positions	56	71
Total | Positions	262	143
Fair Value
Less than 12 months	$ 5,808	$ 833
12 months or more	191	391
Total	5,999	1,224
Unrealized losses
Less than 12 months	(48)	(2)
12 months or more	(2)	(2)
Total	$ (50)	$ (4)
Commercial mortgage backed securities
Number of Securities
Less than 12 months | Positions	102	35
12 months or more | Positions	9	19
Total | Positions	111	54
Fair Value
Less than 12 months	$ 2,184	$ 781
12 months or more	139	393
Total	2,323	1,174
Unrealized losses
Less than 12 months	(22)	(11)
12 months or more	(1)	(10)
Total	$ (23)	$ (21)
Asset backed securities
Number of Securities
Less than 12 months | Positions	41	17
12 months or more | Positions	6	13
Total | Positions	47	30
Fair Value
Less than 12 months	$ 1,883	$ 344
12 months or more	118	231
Total	2,001	575
Unrealized losses
Less than 12 months	(11)	(3)
12 months or more		(2)
Total	$ (11)	$ (5)
State and municipal obligations
Number of Securities
Less than 12 months | Positions	26	2
12 months or more | Positions		1
Total | Positions	26	3
Fair Value
Less than 12 months	$ 64	$ 4
12 months or more		4
Total	64	8
Unrealized losses
Less than 12 months	(1)
12 months or more		(1)
Total	$ (1)	$ (1)
Foreign government bonds and obligations
Number of Securities
Less than 12 months | Positions	5	1
12 months or more | Positions	6	7
Total | Positions	11	8
Fair Value
Less than 12 months	$ 6	$ 3
12 months or more	4	8
Total	10	11
Unrealized losses
12 months or more	(1)	(1)
Total	$ (1)	$ (1)

Investments - Rollforward of Al

Investments - Rollforward of Allowance for Credit Losses (Details) - Ameriprise Financial - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Rollforward of available-for-Sale securities allowance for credit losses
Beginning Balance	$ 11	$ 0	[1]
Additions for which credit losses were not previously recorded	1	14
Additional increases (decreases) on securities that had an allowance recorded in a previous period		(3)
Charge-offs	(11)
Ending Balance	1	11
Corporate debt securities
Rollforward of available-for-Sale securities allowance for credit losses
Beginning Balance	10	0	[1]
Additions for which credit losses were not previously recorded		13
Additional increases (decreases) on securities that had an allowance recorded in a previous period		(3)
Charge-offs	(10)
Ending Balance	0	10
Asset backed securities
Rollforward of available-for-Sale securities allowance for credit losses
Beginning Balance	1	0	[1]
Additions for which credit losses were not previously recorded		1
Charge-offs	(1)
Ending Balance	0	1
State and municipal obligations
Rollforward of available-for-Sale securities allowance for credit losses
Beginning Balance	0
Additions for which credit losses were not previously recorded	1
Ending Balance	$ 1	$ 0
[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.

Investments - Net Realized Gain

Investments - Net Realized Gains and Losses on Available-for-Sale Securities (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disposal group | AAH
Net realized gains and losses on Available-for-Sale securities
Other impairments	$ (5)
Ameriprise Financial
Net realized gains and losses on Available-for-Sale securities
Gross realized investment gains		$ 582	$ 25	$ 30
Gross realized investment losses		(7)	(3)	(14)
Credit losses		(1)	(11)	(22)
Other impairments		(13)
Total		$ 561	$ 11	$ (6)

Investments - Available-for-S_2

Investments - Available-for-Sale Securities by Contractual Maturity (Details) - Ameriprise Financial - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Amortized Cost
Due within one year	$ 1,884
Due after one year through five years	2,125
Due after five years through 10 years	3,283
Due after 10 years	3,733
Total having single maturity dates	11,025
Amortized Cost	30,541	$ 33,601
Fair Value
Due within one year	1,892
Due after one year through five years	2,231
Due after five years through 10 years	3,359
Due after 10 years	4,984
Total having single maturity dates	12,466
Fair Value	32,050	36,283
Residential mortgage backed securities
Amortized Cost
Without single maturity dates	10,927
Amortized Cost	10,927	9,845
Fair Value
Without single maturity dates	10,944
Fair Value	10,944	10,029
Commercial mortgage backed securities
Amortized Cost
Without single maturity dates	4,950
Amortized Cost	4,950	5,867
Fair Value
Without single maturity dates	4,986
Fair Value	4,986	6,088
Asset backed securities
Amortized Cost
Without single maturity dates	3,639
Amortized Cost	3,639	3,283
Fair Value
Without single maturity dates	3,654
Fair Value	$ 3,654	$ 3,329

Financing Receivables - Allowan

Financing Receivables - Allowance for Credit Losses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Rollforward of allowance for credit losses
Beginning balance	$ 68	$ 51
Provisions	(11)	21
Charge-offs	(10)	(9)
Recoveries	1
Other	2
Ending balance	50	68	$ 51
Commercial Loans
Rollforward of allowance for credit losses
Beginning balance	66	51
Provisions	(13)	19
Charge-offs	(8)	(6)
Other	2
Ending balance	47	66	51
Rollforward of allowance for credit losses, incurred loss model
Beginning balance		51	49
Provisions			5
Charge-offs			(4)
Recoveries of amounts previously written off			1
Ending balance			51
Commercial Loans | Receivables
Financing receivables
Accrued interest on loans	13	16
Consumer Loans
Rollforward of allowance for credit losses
Beginning balance	2	0
Provisions	2	2
Charge-offs	(2)	(3)
Recoveries	1
Ending balance	$ 3	2	0
Cumulative Effect, Period of Adoption, Adjustment
Rollforward of allowance for credit losses
Beginning balance		5
Ending balance			5
Cumulative Effect, Period of Adoption, Adjustment | Commercial Loans
Rollforward of allowance for credit losses
Beginning balance		2
Ending balance			2
Cumulative Effect, Period of Adoption, Adjustment | Consumer Loans
Rollforward of allowance for credit losses
Beginning balance		3
Ending balance			3
Cumulative Effect, Period of Adoption, Adjusted Balance
Rollforward of allowance for credit losses
Beginning balance		56
Ending balance			56
Cumulative Effect, Period of Adoption, Adjusted Balance | Commercial Loans
Rollforward of allowance for credit losses
Beginning balance		53
Ending balance			53
Cumulative Effect, Period of Adoption, Adjusted Balance | Consumer Loans
Rollforward of allowance for credit losses
Beginning balance		$ 3
Ending balance			$ 3

Financing Receivables - Purchas

Financing Receivables - Purchases, Sales and Nonperforming (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Nonperforming
Financing Receivables
Loans	$ 9	$ 21
Deteriorated credit quality
Financing Receivables
Loans purchased	0
Commercial Loans | Commercial mortgage loans
Financing Receivables
Loans sold	746
Loans	1,916	2,725
Commercial Loans | Syndicated loans
Financing Receivables
Loans purchased	37	173	$ 162
Loans sold	354	17	$ 54
Loans	149	595
Consumer Loans | Residential Mortgage
Financing Receivables
Loans purchased	33	22
Loans sold	$ 1	$ 0

Financing Receivables - General

Financing Receivables - General Credit Quality Information - Commercial Mortgage Loans (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)loan	Dec. 31, 2020USD ($)loan
Commercial Loans | Commercial mortgage loans
Financing Receivables
Loans | $	$ 1,916	$ 2,725
Commercial Loans | Commercial mortgage loans | Past due
Financing Receivables
Loans | $	$ 0	$ 0
Commercial Loans | Commercial mortgage loans | COVID 19 loan modifications
Financing Receivables
Total number of loan modifications | loan		93
Total unpaid principal balance of loan modifications | $		$ 369
Number of loan modifications | loan	0
Number of modified loans remaining | loan	0
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans
Financing Receivables
Percentage of total	100.00%	100.00%
Total commercial mortgage loans | Credit concentration risk | Highest credit risk rating | Maximum
Financing Receivables
Percentage of total	1.00%	1.00%

Financing Receivables - Credit

Financing Receivables - Credit Quality - Commercial Mortgage Loans by LTV Ratio and Year of Origination (Details) - Commercial Loans - Commercial mortgage loans - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Amortized cost basis by year of origination and loan-to-value ratio
Originated in Current Fiscal Year	$ 204	$ 134
Originated in Fiscal Year before Latest Fiscal Year	123	262
Originated Two Years before Latest Fiscal Year	223	195
Originated Three Years before Latest Fiscal Year	115	289
Originated Four Years before Latest Fiscal Year	176	230
Originated Five or More Years before Latest Fiscal Year	1,075	1,615
Total amortized cost basis	1,916	2,725
Greater than 100 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Originated Two Years before Latest Fiscal Year	20	2
Originated Three Years before Latest Fiscal Year	10
Originated Five or More Years before Latest Fiscal Year	29	10
Total amortized cost basis	59	12
80 to 100 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Originated in Current Fiscal Year	9	15
Originated in Fiscal Year before Latest Fiscal Year	2	16
Originated Two Years before Latest Fiscal Year	9	12
Originated Three Years before Latest Fiscal Year	2	3
Originated Four Years before Latest Fiscal Year		7
Originated Five or More Years before Latest Fiscal Year	29	15
Total amortized cost basis	51	68
60 to 80 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Originated in Current Fiscal Year	142	89
Originated in Fiscal Year before Latest Fiscal Year	80	166
Originated Two Years before Latest Fiscal Year	60	27
Originated Three Years before Latest Fiscal Year	23	32
Originated Four Years before Latest Fiscal Year	61	46
Originated Five or More Years before Latest Fiscal Year	138	144
Total amortized cost basis	504	504
40 to 60 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Originated in Current Fiscal Year	42	23
Originated in Fiscal Year before Latest Fiscal Year	33	57
Originated Two Years before Latest Fiscal Year	86	74
Originated Three Years before Latest Fiscal Year	74	155
Originated Four Years before Latest Fiscal Year	57	113
Originated Five or More Years before Latest Fiscal Year	401	551
Total amortized cost basis	693	973
Less than 40 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Originated in Current Fiscal Year	11	7
Originated in Fiscal Year before Latest Fiscal Year	8	23
Originated Two Years before Latest Fiscal Year	48	80
Originated Three Years before Latest Fiscal Year	6	99
Originated Four Years before Latest Fiscal Year	58	64
Originated Five or More Years before Latest Fiscal Year	478	895
Total amortized cost basis	$ 609	$ 1,168

Financing Receivables - Credi_2

Financing Receivables - Credit Quality - Commercial Mortgage Loans by Region (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financing receivables - credit quality information
Less: allowance for loan losses	$ 50	$ 68	$ 51
Commercial Loans
Financing receivables - credit quality information
Less: allowance for loan losses	47	66	$ 51
Commercial Loans | Commercial mortgage loans
Financing receivables - credit quality information
Loans	1,916	2,725
Less: allowance for loan losses	12	29
Total loans	1,904	2,696
Commercial Loans | Commercial mortgage loans | East North Central
Financing receivables - credit quality information
Loans	194	259
Commercial Loans | Commercial mortgage loans | East South Central
Financing receivables - credit quality information
Loans	57	115
Commercial Loans | Commercial mortgage loans | Middle Atlantic
Financing receivables - credit quality information
Loans	122	178
Commercial Loans | Commercial mortgage loans | Mountain
Financing receivables - credit quality information
Loans	119	247
Commercial Loans | Commercial mortgage loans | New England
Financing receivables - credit quality information
Loans	28	54
Commercial Loans | Commercial mortgage loans | Pacific
Financing receivables - credit quality information
Loans	627	825
Commercial Loans | Commercial mortgage loans | South Atlantic
Financing receivables - credit quality information
Loans	497	681
Commercial Loans | Commercial mortgage loans | West North Central
Financing receivables - credit quality information
Loans	141	198
Commercial Loans | Commercial mortgage loans | West South Central
Financing receivables - credit quality information
Loans	$ 131	$ 168
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans
Financing receivables - credit quality information
Percentage of total	100.00%	100.00%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | East North Central
Financing receivables - credit quality information
Percentage of total	10.00%	10.00%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | East South Central
Financing receivables - credit quality information
Percentage of total	3.00%	4.00%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Middle Atlantic
Financing receivables - credit quality information
Percentage of total	6.00%	7.00%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Mountain
Financing receivables - credit quality information
Percentage of total	6.00%	9.00%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | New England
Financing receivables - credit quality information
Percentage of total	2.00%	2.00%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Pacific
Financing receivables - credit quality information
Percentage of total	33.00%	30.00%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | South Atlantic
Financing receivables - credit quality information
Percentage of total	26.00%	25.00%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | West North Central
Financing receivables - credit quality information
Percentage of total	7.00%	7.00%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | West South Central
Financing receivables - credit quality information
Percentage of total	7.00%	6.00%

Financing Receivables - Credi_3

Financing Receivables - Credit Quality - Commercial Mortgage Loans by Property Type (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financing receivables - credit quality information
Less: allowance for loan losses	$ 50	$ 68	$ 51
Commercial Loans
Financing receivables - credit quality information
Less: allowance for loan losses	47	66	$ 51
Commercial Loans | Commercial mortgage loans
Financing receivables - credit quality information
Loans	1,916	2,725
Less: allowance for loan losses	12	29
Total loans	1,904	2,696
Commercial Loans | Commercial mortgage loans | Apartments
Financing receivables - credit quality information
Loans	496	713
Commercial Loans | Commercial mortgage loans | Hotel
Financing receivables - credit quality information
Loans	14	50
Commercial Loans | Commercial mortgage loans | Industrial
Financing receivables - credit quality information
Loans	319	427
Commercial Loans | Commercial mortgage loans | Mixed Use
Financing receivables - credit quality information
Loans	68	87
Commercial Loans | Commercial mortgage loans | Office
Financing receivables - credit quality information
Loans	271	372
Commercial Loans | Commercial mortgage loans | Retail
Financing receivables - credit quality information
Loans	617	881
Commercial Loans | Commercial mortgage loans | Other
Financing receivables - credit quality information
Loans	$ 131	$ 195
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans
Financing receivables - credit quality information
Percentage of total	100.00%	100.00%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Apartments
Financing receivables - credit quality information
Percentage of total	26.00%	26.00%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Hotel
Financing receivables - credit quality information
Percentage of total	1.00%	2.00%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Industrial
Financing receivables - credit quality information
Percentage of total	17.00%	16.00%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Mixed Use
Financing receivables - credit quality information
Percentage of total	3.00%	3.00%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Office
Financing receivables - credit quality information
Percentage of total	14.00%	14.00%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Retail
Financing receivables - credit quality information
Percentage of total	32.00%	32.00%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Other
Financing receivables - credit quality information
Percentage of total	7.00%	7.00%

Financing Receivables - Credi_4

Financing Receivables - Credit Quality Information - Syndicated Loans (Details) - Commercial Loans - Syndicated loans - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Financing receivables - credit quality information
Recorded investment	$ 149	$ 595
Amortized cost basis by year of origination and loan-to-value ratio
Originated in Current Fiscal Year	23	47
Originated in Fiscal Year before Latest Fiscal Year	7	98
Originated Two Years before Latest Fiscal Year	20	121
Originated Three Years before Latest Fiscal Year	26	161
Originated Four Years before Latest Fiscal Year	40	49
Originated Five or More Years before Latest Fiscal Year	33	119
Total amortized cost basis	149	595
Risk 5
Amortized cost basis by year of origination and loan-to-value ratio
Originated Two Years before Latest Fiscal Year	1
Originated Five or More Years before Latest Fiscal Year		3
Total amortized cost basis	1	3
Risk 4
Amortized cost basis by year of origination and loan-to-value ratio
Originated Two Years before Latest Fiscal Year		4
Originated Three Years before Latest Fiscal Year		9
Originated Four Years before Latest Fiscal Year	1
Originated Five or More Years before Latest Fiscal Year	2	10
Total amortized cost basis	3	23
Risk 3
Amortized cost basis by year of origination and loan-to-value ratio
Originated in Fiscal Year before Latest Fiscal Year		9
Originated Two Years before Latest Fiscal Year	4	8
Originated Three Years before Latest Fiscal Year	5	25
Originated Four Years before Latest Fiscal Year	5	13
Originated Five or More Years before Latest Fiscal Year	6	25
Total amortized cost basis	20	80
Risk 2
Amortized cost basis by year of origination and loan-to-value ratio
Originated in Current Fiscal Year	15	30
Originated in Fiscal Year before Latest Fiscal Year	4	57
Originated Two Years before Latest Fiscal Year	12	62
Originated Three Years before Latest Fiscal Year	10	69
Originated Four Years before Latest Fiscal Year	18	14
Originated Five or More Years before Latest Fiscal Year	12	41
Total amortized cost basis	71	273
Risk 1
Amortized cost basis by year of origination and loan-to-value ratio
Originated in Current Fiscal Year	8	17
Originated in Fiscal Year before Latest Fiscal Year	3	32
Originated Two Years before Latest Fiscal Year	3	47
Originated Three Years before Latest Fiscal Year	11	58
Originated Four Years before Latest Fiscal Year	16	22
Originated Five or More Years before Latest Fiscal Year	13	40
Total amortized cost basis	54	216
Past due
Financing receivables - credit quality information
Recorded investment	$ 0	$ 3

Financing Receivables - Credi_5

Financing Receivables - Credit Quality Information - Financial Advisor Loans (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financing receivables - credit quality information
Allowance for credit losses	$ 50	$ 68	$ 51
Commercial Loans
Financing receivables - credit quality information
Allowance for credit losses	47	66	$ 51
Commercial Loans | Loans to financial advisors
Amortized cost basis by year of origination and loan-to-value ratio
Originated in Current Fiscal Year	137	171
Originated in Fiscal Year before Latest Fiscal Year	148	137
Originated Two Years before Latest Fiscal Year	119	101
Originated Three Years before Latest Fiscal Year	89	128
Originated Four Years before Latest Fiscal Year	116	84
Originated Five or More Years before Latest Fiscal Year	119	94
Total amortized cost basis	728	715
Commercial Loans | Loans to financial advisors | Active
Amortized cost basis by year of origination and loan-to-value ratio
Originated in Current Fiscal Year	136	171
Originated in Fiscal Year before Latest Fiscal Year	147	137
Originated Two Years before Latest Fiscal Year	119	101
Originated Three Years before Latest Fiscal Year	89	127
Originated Four Years before Latest Fiscal Year	116	83
Originated Five or More Years before Latest Fiscal Year	113	86
Total amortized cost basis	720	705
Commercial Loans | Loans to financial advisors | Terminated
Financing receivables - credit quality information
Allowance for credit losses	5	7
Amortized cost basis by year of origination and loan-to-value ratio
Originated in Current Fiscal Year	1
Originated in Fiscal Year before Latest Fiscal Year	1
Originated Three Years before Latest Fiscal Year		1
Originated Four Years before Latest Fiscal Year		1
Originated Five or More Years before Latest Fiscal Year	6	8
Total amortized cost basis	$ 8	$ 10

Financing Receivables - Credi_6

Financing Receivables - Credit Quality Information - Credit Card Receivables (Details) - Consumer Loans - Credit card receivables - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Commercial mortgage loans
Percentage of receivables past due	1.00%	1.00%
Loans	$ 98	$ 96
FICO Score, Greater than 800
Commercial mortgage loans
Loans	30	28
FICO Score, 750-799
Commercial mortgage loans
Loans	24	23
FICO Score, 700-749
Commercial mortgage loans
Loans	25	25
FICO Score. 650 to 699
Commercial mortgage loans
Loans	14	15
FICO Score, Less than 650
Commercial mortgage loans
Loans	$ 5	$ 5

Financing Receivables -Credit Q

Financing Receivables -Credit Quality Information - Other Loans and Deposit Receivable (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financing receivables - credit quality information
Allowance for credit losses	$ 50	$ 68	$ 51
Receivable
Reinsurance deposit receivable	7,900	1,400
Deposit Receivable
Receivable
Allowance for credit losses	0	0
Consumer Loans
Financing receivables - credit quality information
Allowance for credit losses	3	2	$ 0
Consumer Loans | Policy Loans
Financing receivables - credit quality information
Allowance for credit losses	0	0
Consumer Loans | Margin Loans
Financing receivables - credit quality information
Loans	1,200	1,000
Consumer Loans | Pledged Asset Line of Credit
Financing receivables - credit quality information
Lines of credit balance	467	224
Allowance for credit losses	$ 0	$ 0

Financing Receivables - Trouble

Financing Receivables - Troubled Debt Restructurings (Details)	12 Months Ended
	Dec. 31, 2021USD ($)loan	Dec. 31, 2020loan	Dec. 31, 2019loan
Troubled Debt Restructurings
Loans accounted for as troubled debt restructuring | loan	0	0	0
Commitments to lend additional funds to borrowers whose loans have been restructured | $	$ 0

Reinsurance - Products and Risk

Reinsurance - Products and Risks Reinsured (Details) - USD ($)	3 Months Ended	12 Months Ended	144 Months Ended
	Sep. 30, 2021	Dec. 31, 2021	Jan. 01, 2014
Term life insurance policies
Reinsured risk
Percentage of risk reinsured		90.00%
Universal life insurance policies
Reinsured risk
Percentage of risk reinsured		90.00%
Indexed universal life policies
Reinsured risk
Percentage of risk reinsured		50.00%
Variable universal life insurance policies
Reinsured risk
Percentage of risk reinsured		50.00%	90.00%
Universal life product with long-term care benefits
Reinsured risk
Percentage of risk reinsured		50.00%
Single life insurance policy
Reinsured risk
Maximum amount of life insurance risk retained by the entity		$ 1,500,000
Single life insurance policy | Maximum
Reinsured risk
Maximum amount of life insurance risk retained by the entity		10,000,000
Flexible premium survivorship life policy
Reinsured risk
Maximum amount of life insurance risk retained by the entity		1,500,000
Flexible premium survivorship life policy | Maximum
Reinsured risk
Maximum amount of life insurance risk retained by the entity		$ 10,000,000
Long term care insurance
Reinsured risk
Percentage of risk reinsured		50.00%
Disability income policies
Reinsured risk
Maximum amount of life insurance risk retained by the entity		$ 5,000
Subsidiary | RiverSource Life Insurance Company | Fixed deferred and immediate annuity policies
Reinsured risk
Percentage of risk reinsured	100.00%

Reinsurance - Effect of Reinsur

Reinsurance - Effect of Reinsurance - Traditional Long Duration Contracts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Traditional and universal life insurance policies
Life Insurance policies in force
Insurance policies in force, gross	$ 198,600	$ 195,700
Insurance policies in force, reinsured	145,100	143,600
Traditional long-duration contracts
Effect of reinsurance on premiums
Direct premiums	490	565	$ 621
Reinsurance ceded	(1,361)	(224)	(224)
Net premiums	$ (871)	$ 341	$ 397

Reinsurance - Non-Traditional L

Reinsurance - Non-Traditional Long-Duration Contracts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Non-traditional long-duration products
Reinsurance
Reinsurance ceded	$ 152	$ 140	$ 132

Reinsurance - Effect on Premium

Reinsurance - Effect on Premiums - Short-Duration Contracts (Details) - Short-duration contracts $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
Written premiums
Direct	$ 864
Ceded	(23)
Net written premiums	841
Earned premiums
Direct	841
Ceded	(24)
Net premiums	$ 817

Reinsurance - Recoverables and

Reinsurance - Recoverables and Claims (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reinsurance
Claims recovered through reinsurance	$ 404	$ 400	$ 407
Reinsurance recoverables	4,500	3,400
Liabilities for assumed reinsurance arrangements	413	440
Long term care insurance
Reinsurance
Reinsurance recoverable related to LTC risk ceded to Genworth	$ 2,600	$ 2,600

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Impairments and Changes in Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Impairments of indefinite-lived intangible assets excluding goodwill
Impairments recorded	$ 0	$ 2	$ 5
Changes in the carrying amount of goodwill, by segment:
Beginning balance	1,176	1,167
Acquisitions	287
Foreign currency translation	(4)	10
Other adjustments	(1)	(1)
Ending balance	1,458	1,176	1,167
Advice and Wealth Management Segment
Changes in the carrying amount of goodwill, by segment:
Beginning balance	279	279
Other adjustments	0	0
Ending balance	279	279	279
Asset Management Segment
Changes in the carrying amount of goodwill, by segment:
Beginning balance	806	797
Acquisitions	287
Foreign currency translation	(4)	10
Other adjustments	(1)	(1)
Ending balance	1,088	806	797
Retirement and Protection Solutions Segment
Changes in the carrying amount of goodwill, by segment:
Beginning balance	91	91
Other adjustments	0	0
Ending balance	$ 91	$ 91	$ 91

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Asset Management Business Acquisition Description (Details) - USD ($) $ in Millions	Nov. 08, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Asset management business acquisition
Goodwill		$ 1,458	$ 1,176	$ 1,167
Asset Management Segment
Asset management business acquisition
Goodwill		$ 1,088	$ 806	$ 797
European-based asset management business of BMO Financial Group
Asset management business acquisition
Cash paid	$ 973
Reduction due to customary deferred and contingent adjustments	7
Assets under management	136,000
Goodwill	287
European-based asset management business of BMO Financial Group | Asset Management Segment
Asset management business acquisition
Goodwill	287
European-based asset management business of BMO Financial Group | General and Administrative Expense
Asset management business acquisition
Acquisition related costs	$ 32

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Asset Management Business Acquisition Consideration Paid, Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Nov. 08, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Liabilities
Goodwill		$ 1,458	$ 1,176	$ 1,167
European-based asset management business of BMO Financial Group
Consideration paid
Cash	$ 973
Deferred considerations	(35)
Contingent considerations	28
Total	966
Assets
Cash and cash equivalents	397
Investments	77
Receivables	116
Other assets	295
Total assets	885
Liabilities
Debt	2
Accounts payable and accrued expenses	235
Other liabilities	190
Total liabilities	427
Identifiable net assets	458
Intangible assets	295
Deferred tax liability	74
Goodwill	$ 287

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Components of Indefinite-lived Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Components of indefinite-lived intangible assets
Indefinite-lived intangible assets	$ 917	$ 709
Customer contracts
Components of indefinite-lived intangible assets
Indefinite-lived intangible assets	848	640
Trade Names
Components of indefinite-lived intangible assets
Indefinite-lived intangible assets	$ 69	$ 69

Goodwill and Other Intangible_7

Goodwill and Other Intangible Assets - Definite-lived Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Definite-lived Intangible assets
Gross Carrying Amount	$ 761	$ 642
Accumulated Amortization	(568)	(534)
Net Carrying Amount	193	108
Definite-lived intangible assets acquired	$ 89
Definite-lived intangible assets acquired, weighted-average amortization period	10 years
Aggregate amortization expense for definite-lived intangible assets	$ 34	31	$ 37
Estimated future intangible amortization expense
2022	31
2023	27
2024	16
2025	10
2026	7
Customer relationships
Definite-lived Intangible assets
Gross Carrying Amount	254	193
Accumulated Amortization	(163)	(155)
Net Carrying Amount	91	38
Contracts
Definite-lived Intangible assets
Gross Carrying Amount	235	223
Accumulated Amortization	(217)	(211)
Net Carrying Amount	18	12
Other
Definite-lived Intangible assets
Gross Carrying Amount	272	226
Accumulated Amortization	(188)	(168)
Net Carrying Amount	$ 84	$ 58

Deferred Acquisition Costs an_3

Deferred Acquisition Costs and Deferred Sales Inducement Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Balances of and changes in DAC
Beginning balance	$ 2,532	$ 2,698	$ 2,776
Capitalization of acquisition costs	280	228	291
Amortization	(184)	(177)	(165)
Amortization, impact of valuation assumptions review	60	(100)	(14)
Impact of change in net unrealized (gains) losses on securities	94	(117)	(175)
Disposal of business			(15)
Ending balance	2,782	2,532	2,698
Balances of and changes in DSIC
Beginning balance	189	218	251
Capitalization of sales inducement costs	1	1	1
Amortization, excluding the impact of valuation assumptions review	(16)	(13)	(15)
Amortization, impact of valuation assumptions review	2	(16)
Impact of change in net unrealized (gains) losses on securities	13	(1)	(19)
Ending balance	$ 189	$ 189	$ 218

Policyholder Account Balances_3

Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities - Balances by Product (Details) - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020
Policyholder account balances, future policy benefits and claims components
Policyholder account balances		$ 23,747	$ 21,002
Future policy benefits		11,752	12,799
Policy claims and other policyholders' funds		251	191
Total policyholder account balances, future policy benefits and claims		35,750	33,992
Fixed annuities
Policyholder account balances, future policy benefits and claims components
Policyholder account balances	[1]	8,117	8,531
Variable annuity | GMWB
Policyholder account balances, future policy benefits and claims components
Future policy benefits		2,336	3,049
Variable annuity | GMAB
Policyholder account balances, future policy benefits and claims components
Future policy benefits	[2]	(23)	1
Variable annuity fixed sub-accounts
Policyholder account balances, future policy benefits and claims components
Policyholder account balances		4,990	5,104
UL/VUL insurance
Policyholder account balances, future policy benefits and claims components
Policyholder account balances		3,103	3,122
IUL insurance
Policyholder account balances, future policy benefits and claims components
Policyholder account balances		2,534	2,269
Structured variable annuities
Policyholder account balances, future policy benefits and claims components
Policyholder account balances		4,440	1,371
Other life insurance
Policyholder account balances, future policy benefits and claims components
Policyholder account balances		563	605
Other annuity liabilities
Policyholder account balances, future policy benefits and claims components
Future policy benefits		67	211
Fixed annuity life contingent liabilities
Policyholder account balances, future policy benefits and claims components
Future policy benefits		1,278	1,370
Life and disability income insurance
Policyholder account balances, future policy benefits and claims components
Future policy benefits		1,139	1,187
Long term care insurance
Policyholder account balances, future policy benefits and claims components
Future policy benefits		5,664	5,722
UL/VUL and other life insurance additional liabilities
Policyholder account balances, future policy benefits and claims components
Future policy benefits		$ 1,291	$ 1,259
[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 December 31, 2021 reported as a contra liability.

Policyholder Account Balances_4

Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities - Additional Product Information (Details)	12 Months Ended
	Dec. 31, 2021item
Fixed annuities
Policyholder account balances, future policy benefits and claims
Number of crediting durations offered for indexed account	2
EIA
Policyholder account balances, future policy benefits and claims
Contract initial term	7 years
Minimum interest rate guarantee	3.00%
Percentage of initial premium receiving interest guarantee	90.00%
IUL insurance
Policyholder account balances, future policy benefits and claims
Number of crediting durations offered for indexed account	2
Disability income
Policyholder account balances, future policy benefits and claims
Unpaid reported claims discount rate (as a percent)	4.50%
Long term care insurance
Policyholder account balances, future policy benefits and claims
Unpaid reported claims discount rate (as a percent)	5.95%
Minimum
Policyholder account balances, future policy benefits and claims
Fixed annuities liabilities interest rates	2.23%
Minimum | Fixed annuities
Policyholder account balances, future policy benefits and claims
Indexed account interest crediting period	1 year
Minimum | IUL insurance
Policyholder account balances, future policy benefits and claims
Indexed account interest crediting period	1 year
Minimum | Term and whole life insurance
Policyholder account balances, future policy benefits and claims
Anticipated interest rate for future claims	2.25%
Minimum | Disability income
Policyholder account balances, future policy benefits and claims
Anticipated interest rate for future claims	3.00%
Minimum | Long term care insurance
Policyholder account balances, future policy benefits and claims
Anticipated interest rate for future claims	5.00%
Maximum
Policyholder account balances, future policy benefits and claims
Fixed annuities liabilities interest rates	9.38%
Maximum | Fixed annuities
Policyholder account balances, future policy benefits and claims
Indexed account interest crediting period	2 years
Maximum | IUL insurance
Policyholder account balances, future policy benefits and claims
Indexed account interest crediting period	2 years
Maximum | Term and whole life insurance
Policyholder account balances, future policy benefits and claims
Anticipated interest rate for future claims	10.00%
Maximum | Disability income
Policyholder account balances, future policy benefits and claims
Anticipated interest rate for future claims	7.50%
Maximum | Long term care insurance
Policyholder account balances, future policy benefits and claims
Anticipated interest rate for future claims	5.70%
Average
Policyholder account balances, future policy benefits and claims
Fixed annuities liabilities interest rates	3.60%

Policyholder Account Balances_5

Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities - Components of Separate Account Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Separate Account Liabilities
Variable annuity	$ 82,862	$ 79,299
VUL insurance	9,343	8,226
Other insurance	33	31
Threadneedle investment liabilities	5,253	5,055
Separate account liabilities	$ 97,491	$ 92,611

Variable Annuity and Insuranc_3

Variable Annuity and Insurance Guarantees - General Information (Details) - GMAB	12 Months Ended
	Dec. 31, 2021
Insurance guarantees
Maximum age of variable annuity contractholders	79 years
GMAB rider guarantees waiting period	10 years

Variable Annuity and Insuranc_4

Variable Annuity and Insurance Guarantees - VA Guarantees (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
GMDB
Information related to variable annuity guarantees
Total contract value	[1]	$ 87,246	$ 83,781
Contract value in separate accounts	[1]	82,287	78,705
Net amount at risk	[1]	$ 64	$ 64
Weighted average attained age	[1]	69 years	68 years
GMDB | Return of premium
Information related to variable annuity guarantees
Total contract value	[1]	$ 70,020	$ 66,874
Contract value in separate accounts	[1]	68,145	64,932
Net amount at risk	[1]	$ 6	$ 5
Weighted average attained age	[1]	69 years	68 years
GMDB | Five/six year reset
Information related to variable annuity guarantees
Total contract value	[1]	$ 8,309	$ 8,116
Contract value in separate accounts	[1]	5,612	5,386
Net amount at risk	[1]	$ 6	$ 6
Weighted average attained age	[1]	68 years	68 years
GMDB | One-year ratchet
Information related to variable annuity guarantees
Total contract value	[1]	$ 6,177	$ 6,094
Contract value in separate accounts	[1]	5,858	5,763
Net amount at risk	[1]	$ 13	$ 8
Weighted average attained age	[1]	71 years	71 years
GMDB | Five-year ratchet
Information related to variable annuity guarantees
Total contract value	[1]	$ 1,438	$ 1,436
Contract value in separate accounts	[1]	1,386	$ 1,381
Net amount at risk	[1]	$ 1
Weighted average attained age	[1]	68 years	67 years
GMDB | Other
Information related to variable annuity guarantees
Total contract value	[1]	$ 1,302	$ 1,261
Contract value in separate accounts	[1]	1,286	1,243
Net amount at risk	[1]	$ 38	$ 45
Weighted average attained age	[1]	74 years	73 years
GGU death benefit
Information related to variable annuity guarantees
Total contract value	[1]	$ 1,260	$ 1,183
Contract value in separate accounts	[1]	1,198	1,126
Net amount at risk	[1]	$ 184	$ 162
Weighted average attained age	[1]	72 years	71 years
GMIB
Information related to variable annuity guarantees
Total contract value	[1]	$ 184	$ 187
Contract value in separate accounts	[1]	170	173
Net amount at risk	[1]	$ 4	$ 6
Weighted average attained age	[1]	71 years	71 years
GMWB
Information related to variable annuity guarantees
Total contract value	[1]	$ 54,287	$ 52,114
Contract value in separate accounts	[1]	54,229	52,024
Net amount at risk	[1]	$ 188	$ 186
Weighted average attained age	[1]	69 years	69 years
GMWB | GMWB standard benefit
Information related to variable annuity guarantees
Total contract value	[1]	$ 1,900	$ 1,972
Contract value in separate accounts	[1]	1,895	1,967
Net amount at risk	[1]	$ 1	$ 1
Weighted average attained age	[1]	75 years	74 years
GMWB | GMWB for life
Information related to variable annuity guarantees
Total contract value	[1]	$ 52,387	$ 50,142
Contract value in separate accounts	[1]	52,334	50,057
Net amount at risk	[1]	$ 187	$ 185
Weighted average attained age	[1]	69 years	69 years
GMAB
Information related to variable annuity guarantees
Total contract value	[1]	$ 2,005	$ 2,291
Contract value in separate accounts	[1]	$ 2,005	$ 2,291
Weighted average attained age	[1]	62 years	61 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_5

Variable Annuity and Insurance Guarantees - UL Secondary Guarantees (Details) - UL secondary guarantees - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Information related to variable annuity guarantees
Net amount at risk	$ 6,564	$ 6,587
Weighted average attained age	68 years	67 years

Variable Annuity and Insuranc_6

Variable Annuity and Insurance Guarantees - Liability Rollforward (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
GMDB and GGU
Changes in additional liabilities for variable annuity and insurance guarantees
Beginning Balance		$ 24	$ 16	$ 19
Incurred claims		17	15	2
Paid claims		(5)	(7)	(5)
Ending Balance		36	24	16
GMIB
Changes in additional liabilities for variable annuity and insurance guarantees
Beginning Balance		6	7	8
Incurred claims				(1)
Paid claims		(1)	(1)
Ending Balance		5	6	7
GMWB
Changes in additional liabilities (contra liabilities) for variable annuity and insurance guarantees
Beginning balance		3,049	1,462	875
Incurred claims	[1]	(713)	1,587	587
Ending balance		2,336	3,049	1,462
GMAB
Changes in additional liabilities (contra liabilities) for variable annuity and insurance guarantees
Beginning balance		1	(39)	(19)
Incurred claims	[1]	(24)	40	(20)
Ending balance		(23)	1	(39)
UL
Changes in additional liabilities for variable annuity and insurance guarantees
Beginning Balance		916	758	659
Incurred claims		140	209	141
Paid claims		(36)	(51)	(42)
Ending Balance		$ 1,020	$ 916	$ 758
[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_7

Variable Annuity and Insurance Guarantees - Separate Account Balances by Type (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Mutual funds
Variable Annuity and Insurance Guarantees
Separate account balances	$ 82,497	$ 78,931
Equity
Variable Annuity and Insurance Guarantees
Separate account balances	49,183	45,947
Bond
Variable Annuity and Insurance Guarantees
Separate account balances	24,998	26,073
Other
Variable Annuity and Insurance Guarantees
Separate account balances	$ 8,316	$ 6,911

Customer Deposits - Components

Customer Deposits - Components (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Customer deposits
Fixed rate certificates	$ 4,995	$ 6,341
Stock market certificates	287	389
Stock market embedded derivative reserve	4	8
Other	15	22
Less: accrued interest classified in other liabilities	(5)	(10)
Total investment certificate reserves	5,296	6,750
Banking and brokerage customer deposits	14,931	10,891
Total	$ 20,227	$ 17,641

Customer Deposits - Investment

Customer Deposits - Investment Certificates (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Investment Certificates
Amount of reserves that do not allow for a surrender charge	$ 2,700,000,000	$ 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
Investment Certificates
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)	0.00%
Maximum
Investment Certificates
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)	2.35%

Debt - Balances and Stated Inte

Debt - Balances and Stated Interest Rates (Details) - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020
Debt and stated interest rates
Finance lease liabilities		$ 40	$ 44
Short-term borrowings		200	200
Ameriprise Financial
Debt and stated interest rates
Finance lease liabilities		40	44
Other	[1]	(8)	(13)
Total long-term debt		2,832	2,831
Short-term borrowings		200	200
Total		$ 3,032	$ 3,031
Ameriprise Financial | Weighted average
Debt and stated interest rates
FHLB advances, Stated interest rate (as a percent)		0.30%	0.40%
Ameriprise Financial | Senior notes due 2022
Debt and stated interest rates
Long-term debt		$ 500	$ 500
Stated interest rate long-term debt (as a percent)		3.00%	3.00%
Ameriprise Financial | Senior notes due 2023
Debt and stated interest rates
Long-term debt		$ 750	$ 750
Stated interest rate long-term debt (as a percent)		4.00%	4.00%
Ameriprise Financial | Senior notes due 2024
Debt and stated interest rates
Long-term debt		$ 550	$ 550
Stated interest rate long-term debt (as a percent)		3.70%	3.70%
Ameriprise Financial | Senior notes due 2025
Debt and stated interest rates
Long-term debt		$ 500	$ 500
Stated interest rate long-term debt (as a percent)		3.00%	3.00%
Ameriprise Financial | Senior notes due 2026
Debt and stated interest rates
Long-term debt		$ 500	$ 500
Stated interest rate long-term debt (as a percent)		2.90%	2.90%
[1]	Includes adjustments for net unamortized discounts, debt issuance costs and other lease obligations.

Debt - Short-term Borrowings (D

Debt - Short-term Borrowings (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Commercial mortgage backed securities
Short-term borrowings
FHLB advances, securities pledged as collateral	$ 1,200	$ 1,300
Residential mortgage backed securities
Short-term borrowings
FHLB advances, securities pledged as collateral	$ 581	$ 604
Federal Home Loan Bank borrowings | Maximum
Short-term borrowings
Term	3 months	3 months

Debt - Revolving Credit Facilit

Debt - Revolving Credit Facility (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Current borrowing capacity under line of credit	$ 1,000
Maximum borrowing capacity for line of credit facility	1,250
Line of credit borrowings outstanding	0	$ 0
Outstanding letters of credit issued against line of credit facility	$ 1	$ 1

Fair Values of Assets and Liabi

Fair Values of Assets and Liabilities - Recurring Basis (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021		Dec. 31, 2020
Assets
Separate account assets at NAV		$ 97,491		$ 92,611
Liabilities
Liabilities embedded derivatives, net	[1],[2]	2,862		3,381
GMWB and GMAB embedded derivatives
Assets
Receivables: embedded derivatives		133		67
Liabilities
Liabilities embedded derivatives		1,600		2,400
Ameriprise Financial
Assets
Available-for-Sale: Fixed maturities, at fair value		32,050		36,283
Ameriprise Financial | Corporate debt securities
Assets
Available-for-Sale: Fixed maturities, at fair value		9,932		13,674
Ameriprise Financial | Residential mortgage backed securities
Assets
Available-for-Sale: Fixed maturities, at fair value		10,944		10,029
Ameriprise Financial | Commercial mortgage backed securities
Assets
Available-for-Sale: Fixed maturities, at fair value		4,986		6,088
Ameriprise Financial | Asset backed securities
Assets
Available-for-Sale: Fixed maturities, at fair value		3,654		3,329
Ameriprise Financial | State and municipal obligations
Assets
Available-for-Sale: Fixed maturities, at fair value		1,092		1,384
Ameriprise Financial | U.S. government and agency obligations
Assets
Available-for-Sale: Fixed maturities, at fair value		1,301		1,456
Ameriprise Financial | Foreign government bonds and obligations
Assets
Available-for-Sale: Fixed maturities, at fair value		92		262
Ameriprise Financial | Other securities
Assets
Available-for-Sale: Fixed maturities, at fair value		49		61
Ameriprise Financial | Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Cumulative increase (decrease) in embedded derivatives due to nonperformance		(598)		(727)
Ameriprise Financial | Level 3 | Corporate debt securities
Assets
Available-for-Sale: Fixed maturities, at fair value		502		772
Ameriprise Financial | Level 3 | Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives		59
Ameriprise Financial | Level 3 | Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities embedded derivatives		56		49
Ameriprise Financial | Level 3 | IUL embedded derivatives
Liabilities
Liabilities embedded derivatives		905		935
Ameriprise Financial | Level 3 | GMWB and GMAB embedded derivatives
Liabilities
Liabilities embedded derivatives, net		1,486		2,316
Ameriprise Financial | Level 3 | Structured variable annuity embedded derivatives
Liabilities
Liabilities embedded derivatives		406		70
Ameriprise Financial | Recurring basis
Assets
Cash equivalents		5,819		5,441
Available-for-Sale: Fixed maturities, at fair value		32,050		36,283
Investments at net asset value	[3]	11		8
Trading and other securities		242		88
Separate account assets at NAV	[3]	97,491		92,611
Investments and cash equivalents segregated for regulatory purposes		600		600
Other assets: derivative contracts		5,574		5,870
Total assets at fair value		141,846		140,901
Liabilities
Other		277		48
Other liabilities		4,500		4,360
Total liabilities at fair value		7,362		7,741
Ameriprise Financial | Recurring basis | Corporate debt securities
Assets
Available-for-Sale: Fixed maturities, at fair value		9,932		13,674
Ameriprise Financial | Recurring basis | Residential mortgage backed securities
Assets
Available-for-Sale: Fixed maturities, at fair value		10,944		10,029
Ameriprise Financial | Recurring basis | Commercial mortgage backed securities
Assets
Available-for-Sale: Fixed maturities, at fair value		4,986		6,088
Ameriprise Financial | Recurring basis | Asset backed securities
Assets
Available-for-Sale: Fixed maturities, at fair value		3,654		3,329
Ameriprise Financial | Recurring basis | State and municipal obligations
Assets
Available-for-Sale: Fixed maturities, at fair value		1,092		1,384
Ameriprise Financial | Recurring basis | U.S. government and agency obligations
Assets
Available-for-Sale: Fixed maturities, at fair value		1,301		1,456
Ameriprise Financial | Recurring basis | Foreign government bonds and obligations
Assets
Available-for-Sale: Fixed maturities, at fair value		92		262
Ameriprise Financial | Recurring basis | Other securities
Assets
Available-for-Sale: Fixed maturities, at fair value		49		61
Ameriprise Financial | Recurring basis | Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives		59
Ameriprise Financial | Recurring basis | Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Liabilities embedded derivatives, net		2,858	[4]	3,373	[5]
Ameriprise Financial | Recurring basis | Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities embedded derivatives		61		52
Ameriprise Financial | Recurring basis | IUL embedded derivatives
Liabilities
Liabilities embedded derivatives		905		935
Ameriprise Financial | Recurring basis | GMWB and GMAB embedded derivatives
Liabilities
Liabilities embedded derivatives, net		1,486	[6]	2,316	[7]
Ameriprise Financial | Recurring basis | Structured variable annuity embedded derivatives
Liabilities
Liabilities embedded derivatives		406		70
Ameriprise Financial | Recurring basis | Customer deposits - SMC embedded derivatives
Liabilities
Liabilities embedded derivatives		4		8
Ameriprise Financial | Recurring basis | Interest rate derivative contracts
Assets
Other assets: derivative contracts		1,252		1,755
Liabilities
Other liabilities: derivative contracts		468		734
Ameriprise Financial | Recurring basis | Equity derivate dontracts
Assets
Other assets: derivative contracts		4,293		4,090
Liabilities
Other liabilities: derivative contracts		3,754		3,571
Ameriprise Financial | Recurring basis | Credit derivative contracts
Assets
Other assets: derivative contracts		9		2
Liabilities
Other liabilities: derivative contracts				1
Ameriprise Financial | Recurring basis | Foreign exchange derivative contracts
Assets
Other assets: derivative contracts		20		23
Liabilities
Other liabilities: derivative contracts		1		6
Ameriprise Financial | Recurring basis | Level 1
Assets
Cash equivalents		2,341		2,935
Available-for-Sale: Fixed maturities, at fair value		1,301		1,456
Trading and other securities		217		61
Investments and cash equivalents segregated for regulatory purposes		600		600
Other assets: derivative contracts		160		410
Total assets at fair value		4,619		5,462
Liabilities
Other		212		2
Other liabilities		315		187
Total liabilities at fair value		315		187
Ameriprise Financial | Recurring basis | Level 1 | U.S. government and agency obligations
Assets
Available-for-Sale: Fixed maturities, at fair value		1,301		1,456
Ameriprise Financial | Recurring basis | Level 1 | Interest rate derivative contracts
Assets
Other assets: derivative contracts		1		1
Ameriprise Financial | Recurring basis | Level 1 | Equity derivate dontracts
Assets
Other assets: derivative contracts		158		408
Liabilities
Other liabilities: derivative contracts		101		183
Ameriprise Financial | Recurring basis | Level 1 | Foreign exchange derivative contracts
Assets
Other assets: derivative contracts		1		1
Liabilities
Other liabilities: derivative contracts		1		2
Ameriprise Financial | Recurring basis | Level 2
Assets
Cash equivalents		3,478		2,506
Available-for-Sale: Fixed maturities, at fair value		30,205		34,014
Trading and other securities		25		27
Other assets: derivative contracts		5,414		5,460
Total assets at fair value		39,122		42,007
Liabilities
Other		4		3
Other liabilities		4,124		4,130
Total liabilities at fair value		4,133		4,141
Ameriprise Financial | Recurring basis | Level 2 | Corporate debt securities
Assets
Available-for-Sale: Fixed maturities, at fair value		9,430		12,902
Ameriprise Financial | Recurring basis | Level 2 | Residential mortgage backed securities
Assets
Available-for-Sale: Fixed maturities, at fair value		10,944		10,020
Ameriprise Financial | Recurring basis | Level 2 | Commercial mortgage backed securities
Assets
Available-for-Sale: Fixed maturities, at fair value		4,951		6,088
Ameriprise Financial | Recurring basis | Level 2 | Asset backed securities
Assets
Available-for-Sale: Fixed maturities, at fair value		3,647		3,297
Ameriprise Financial | Recurring basis | Level 2 | State and municipal obligations
Assets
Available-for-Sale: Fixed maturities, at fair value		1,092		1,384
Ameriprise Financial | Recurring basis | Level 2 | Foreign government bonds and obligations
Assets
Available-for-Sale: Fixed maturities, at fair value		92		262
Ameriprise Financial | Recurring basis | Level 2 | Other securities
Assets
Available-for-Sale: Fixed maturities, at fair value		49		61
Ameriprise Financial | Recurring basis | Level 2 | Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Liabilities embedded derivatives, net		5		3
Ameriprise Financial | Recurring basis | Level 2 | Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities embedded derivatives		5		3
Ameriprise Financial | Recurring basis | Level 2 | Customer deposits - SMC embedded derivatives
Liabilities
Liabilities embedded derivatives		4		8
Ameriprise Financial | Recurring basis | Level 2 | Interest rate derivative contracts
Assets
Other assets: derivative contracts		1,251		1,754
Liabilities
Other liabilities: derivative contracts		467		734
Ameriprise Financial | Recurring basis | Level 2 | Equity derivate dontracts
Assets
Other assets: derivative contracts		4,135		3,682
Liabilities
Other liabilities: derivative contracts		3,653		3,388
Ameriprise Financial | Recurring basis | Level 2 | Credit derivative contracts
Assets
Other assets: derivative contracts		9		2
Liabilities
Other liabilities: derivative contracts				1
Ameriprise Financial | Recurring basis | Level 2 | Foreign exchange derivative contracts
Assets
Other assets: derivative contracts		19		22
Liabilities
Other liabilities: derivative contracts				4
Ameriprise Financial | Recurring basis | Level 3
Assets
Available-for-Sale: Fixed maturities, at fair value		544		813
Total assets at fair value		603		813
Liabilities
Other		61		43
Other liabilities		61		43
Total liabilities at fair value		2,914		3,413
Ameriprise Financial | Recurring basis | Level 3 | Corporate debt securities
Assets
Available-for-Sale: Fixed maturities, at fair value		502		772
Ameriprise Financial | Recurring basis | Level 3 | Residential mortgage backed securities
Assets
Available-for-Sale: Fixed maturities, at fair value				9
Ameriprise Financial | Recurring basis | Level 3 | Commercial mortgage backed securities
Assets
Available-for-Sale: Fixed maturities, at fair value		35
Ameriprise Financial | Recurring basis | Level 3 | Asset backed securities
Assets
Available-for-Sale: Fixed maturities, at fair value		7		32
Ameriprise Financial | Recurring basis | Level 3 | Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives		59
Ameriprise Financial | Recurring basis | Level 3 | Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Liabilities embedded derivatives, net		2,853		3,370
Ameriprise Financial | Recurring basis | Level 3 | Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities embedded derivatives		56		49
Ameriprise Financial | Recurring basis | Level 3 | IUL embedded derivatives
Liabilities
Liabilities embedded derivatives		905		935
Ameriprise Financial | Recurring basis | Level 3 | GMWB and GMAB embedded derivatives
Liabilities
Liabilities embedded derivatives, net		1,486		2,316
Ameriprise Financial | Recurring basis | Level 3 | Structured variable annuity embedded derivatives
Liabilities
Liabilities embedded derivatives		$ 406		$ 70
[1]	The fair value of freestanding derivative liabilities is included in Other liabilities. The fair value of GMWB and GMAB, IUL, fixed deferred indexed annuity and structured variable annuity embedded derivatives is included in Policyholder account balances, future policy benefits and claims. The fair value of the SMC embedded derivative liability is included in Customer deposits.
[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 $3.2 billion and $3.7 billion as of December 31, 2021 and 2020, respectively. See Note 16 for additional information related to master netting arrangements and cash collateral.
[3]	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.
[4]	The Company’s adjustment for nonperformance risk resulted in a $598 million cumulative decrease to the embedded derivatives as of December 31, 2021.
[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 fair value of the GMWB and GMAB embedded derivatives included $1.6 billion of individual contracts in a liability position and $133 million of individual contracts in an asset position (recorded as a contra liability) as of December 31, 2021.
[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.

Fair Values of Assets and Lia_2

Fair Values of Assets and Liabilities - Changes in Level 3 Assets (Details) - Ameriprise Financial - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Available-for-Sale securities
Changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning		$ 813	$ 786	$ 1,075
Total gains (losses) included in Net income	[1]	(1)	(1)	(1)
Total gains (losses) included in Other comprehensive income (loss)		(10)	15	30
Purchases		221	282	550
Sales		(1)
Settlements		(121)	(54)	(260)
Transfers into Level 3		170	14	14
Transfers out of Level 3		(527)	(229)	(622)
Balance, ending		544	813	786
Changes in unrealized gains (losses) in net income relating to assets held at end of period	[1]	(2)	(2)	(1)
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period		(7)	16
Corporate debt securities
Changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning		772	750	913
Total gains (losses) included in Net income		(1)	(1)	(1)
Total gains (losses) included in Other comprehensive income (loss)		(10)	15	31
Purchases		108	62	55
Settlements		(119)	(54)	(248)
Transfers into Level 3		168
Transfers out of Level 3		(416)
Balance, ending		502	772	750
Changes in unrealized gains (losses) in net 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		(8)	16
Residential mortgage backed securities
Changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning		9	17	136
Total gains (losses) included in Other comprehensive income (loss)			1
Purchases		78	220	477
Settlements				(12)
Transfers out of Level 3		(87)	(229)	(584)
Balance, ending		0	9	17
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period			1
Commercial mortgage backed securities
Changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning		0	0	20
Purchases		35
Transfers out of Level 3				(20)
Balance, ending		35	0	0
Asset backed securities
Changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning		32	19	6
Total gains (losses) included in Other comprehensive income (loss)			(1)	(1)
Purchases				18
Sales		(1)
Settlements		(2)		0
Transfers into Level 3		2	14	14
Transfers out of Level 3		(24)		(18)
Balance, ending		7	32	$ 19
Changes in unrealized gains (losses) in net income relating to assets held at end of period		(1)	(1)
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period		1	(1)
Fixed deferred indexed annuities ceded embedded derivatives
Changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning		0
Total gains (losses) included in Net income		3
Issues	[2]	57
Settlements		(1)
Balance, ending		$ 59	$ 0
[1]	Included in Net investment income.
[2]	Represents the amount of ceded embedded derivatives associated with fixed deferred annuity products reinsured in the third quarter of 2021. See Note 1 for additional information on the reinsurance transaction.

Fair Values of Assets and Lia_3

Fair Values of Assets and Liabilities - Changes in Level 3 Liabilities (Details) - Ameriprise Financial - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Changes in Level 3 liabilities measured at fair value on a recurring basis
Net increase (decrease) to pretax income from adjustment for nonperformance risk on fair value of embedded derivatives		$ (92)	$ 196	$ (190)
Policyholder account balances, future policy benefits and claims embedded derivatives
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning		3,370	1,687	970
Total (gains) included in Net income		(873)	1,323	297
Issues		341	405	495
Settlements		15	(45)	(75)
Balance, ending		2,853	3,370	1,687
Changes in unrealized (gains) losses in net income relating to liabilities held at end of period		(1,231)	1,282	291
Fixed deferred indexed annuities embedded derivatives
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning		49	43	14
Total (gains) included in Net income	[1]	10	4	8
Issues			3	21
Settlements		(3)	(1)
Balance, ending		56	49	43
IUL embedded derivatives
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning		935	881	628
Total (gains) included in Net income	[1]	68	76	209
Issues			61	113
Settlements		(98)	(83)	(69)
Balance, ending		905	935	881
Changes in unrealized (gains) losses in net income relating to liabilities held at end of period	[1]	68	76	209
GMWB and GMAB embedded derivatives
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning		2,316	763	328
Total (gains) included in Net income	[2]	(1,344)	1,152	80
Issues		369	362	361
Settlements		145	39	(6)
Balance, ending		1,486	2,316	763
Changes in unrealized (gains) losses in net income relating to liabilities held at end of period	[2]	(1,299)	1,206	82
Structured variable annuity embedded derivatives
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning		70	0
Total (gains) included in Net income	[2]	393	91
Issues		(28)	(21)
Settlements		(29)
Balance, ending		406	70	0
Contingent consideration liabilities
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning		43	44	30
Total (gains) included in Net income	[3]	(13)	(12)	(3)
Issues		45	20	18
Settlements		(14)	(9)	(1)
Balance, ending		$ 61	$ 43	$ 44
[1]	Included in Interest credited to fixed accounts.
[2]	Included in Benefits, claims, losses and settlement expenses.
[3]	Included in General and administrative expense.

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities - Significant Unobservable inputs (Details) $ in Millions		Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Significant unobservable inputs used in fair value measurements
Liabilities embedded derivatives, net	[1],[2]	$ 2,862	$ 3,381
Ameriprise Financial
Significant unobservable inputs used in fair value measurements
Available-for-Sale: Fixed maturities, at fair value		32,050	36,283
Ameriprise Financial | Corporate debt securities
Significant unobservable inputs used in fair value measurements
Available-for-Sale: Fixed maturities, at fair value		9,932	13,674
Ameriprise Financial | Asset backed securities
Significant unobservable inputs used in fair value measurements
Available-for-Sale: Fixed maturities, at fair value		3,654	3,329
Ameriprise Financial | Level 3 | Corporate debt securities
Significant unobservable inputs used in fair value measurements
Available-for-Sale: Fixed maturities, at fair value		502	772
Ameriprise Financial | Level 3 | Fixed deferred indexed annuities ceded embedded derivatives
Significant unobservable inputs used in fair value measurements
Receivables: embedded derivatives		59
Ameriprise Financial | Level 3 | IUL embedded derivatives
Significant unobservable inputs used in fair value measurements
Liabilities embedded derivatives		905	935
Ameriprise Financial | Level 3 | Fixed deferred indexed annuities embedded derivatives
Significant unobservable inputs used in fair value measurements
Liabilities embedded derivatives		56	49
Ameriprise Financial | Level 3 | GMWB and GMAB embedded derivatives
Significant unobservable inputs used in fair value measurements
Liabilities embedded derivatives, net		1,486	2,316
Ameriprise Financial | Level 3 | Structured variable annuity embedded derivatives
Significant unobservable inputs used in fair value measurements
Liabilities embedded derivatives		406	70
Ameriprise Financial | Level 3 | Contingent consideration liabilities
Significant unobservable inputs used in fair value measurements
Other liabilities, fair value		$ 61	$ 43
Ameriprise Financial | Level 3 | Discounted cash flow | Corporate debt securities | Minimum | Yield/spread to U.S. Treasuries
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs		0.008	0.010
Ameriprise Financial | Level 3 | Discounted cash flow | Corporate debt securities | Maximum | Yield/spread to U.S. Treasuries
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs		0.024	0.033
Ameriprise Financial | Level 3 | Discounted cash flow | Corporate debt securities | Weighted Average | Yield/spread to U.S. Treasuries
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs	[3]	0.011	0.015
Ameriprise Financial | Level 3 | Discounted cash flow | Asset backed securities
Significant unobservable inputs used in fair value measurements
Available-for-Sale: Fixed maturities, at fair value		$ 2	$ 3
Ameriprise Financial | Level 3 | Discounted cash flow | Asset backed securities | Annual short-term default rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs		0.008
Ameriprise Financial | Level 3 | Discounted cash flow | Asset backed securities | Annual long-term default rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs		0.035
Ameriprise Financial | Level 3 | Discounted cash flow | Asset backed securities | Discount rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs		0.120	0.130
Ameriprise Financial | Level 3 | Discounted cash flow | Asset backed securities | Constant prepayment rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs		0.100	0.100
Ameriprise Financial | Level 3 | Discounted cash flow | Asset backed securities | Loss recovery
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs		0.636	0.636
Ameriprise Financial | Level 3 | Discounted cash flow | Asset backed securities | Minimum | Annual short-term default rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs			0.029
Ameriprise Financial | Level 3 | Discounted cash flow | Asset backed securities | Minimum | Annual long-term default rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs			0.035
Ameriprise Financial | Level 3 | Discounted cash flow | Asset backed securities | Maximum | Annual short-term default rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs			0.030
Ameriprise Financial | Level 3 | Discounted cash flow | Asset backed securities | Maximum | Annual long-term default rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs			0.045
Ameriprise Financial | Level 3 | Discounted cash flow | Asset backed securities | Weighted Average | Annual short-term default rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs	[4]	0.008	0.029
Ameriprise Financial | Level 3 | Discounted cash flow | Asset backed securities | Weighted Average | Annual long-term default rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs	[4]	0.035	0.038
Ameriprise Financial | Level 3 | Discounted cash flow | Asset backed securities | Weighted Average | Discount rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs		0.120	0.130
Ameriprise Financial | Level 3 | Discounted cash flow | Asset backed securities | Weighted Average | Constant prepayment rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs		0.100	0.100
Ameriprise Financial | Level 3 | Discounted cash flow | Asset backed securities | Weighted Average | Loss recovery
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs		0.636	0.636
Ameriprise Financial | Level 3 | Discounted cash flow | Fixed deferred indexed annuities ceded embedded derivatives | Minimum | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative asset, measurement input		0
Ameriprise Financial | Level 3 | Discounted cash flow | Fixed deferred indexed annuities ceded embedded derivatives | Maximum | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative asset, measurement input		0.668
Ameriprise Financial | Level 3 | Discounted cash flow | Fixed deferred indexed annuities ceded embedded derivatives | Weighted Average | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative asset, measurement input	[5]	0.014
Ameriprise Financial | Level 3 | Discounted cash flow | IUL embedded derivatives | Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	[6]	0.0065	0.0065
Ameriprise Financial | Level 3 | Discounted cash flow | IUL embedded derivatives | Weighted Average | Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	[6]	0.0065	0.0065
Ameriprise Financial | Level 3 | Discounted cash flow | Fixed deferred indexed annuities embedded derivatives | Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	[6]	0.0065	0.0065
Ameriprise Financial | Level 3 | Discounted cash flow | Fixed deferred indexed annuities embedded derivatives | Minimum | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input		0	0
Ameriprise Financial | Level 3 | Discounted cash flow | Fixed deferred indexed annuities embedded derivatives | Maximum | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input		0.668	0.500
Ameriprise Financial | Level 3 | Discounted cash flow | Fixed deferred indexed annuities embedded derivatives | Weighted Average | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	[5]	0.014	0.012
Ameriprise Financial | Level 3 | Discounted cash flow | Fixed deferred indexed annuities embedded derivatives | Weighted Average | Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	[6]	0.0065	0.0065
Ameriprise Financial | Level 3 | Discounted cash flow | GMWB and GMAB embedded derivatives | Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, net, measurement input	[6]	0.0065	0.0065
Ameriprise Financial | Level 3 | Discounted cash flow | GMWB and GMAB embedded derivatives | Minimum | Utilization of guaranteed withdrawals
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, net, measurement input	[7]	0	0
Ameriprise Financial | Level 3 | Discounted cash flow | GMWB and GMAB embedded derivatives | Minimum | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, net, measurement input		0.001	0.001
Ameriprise Financial | Level 3 | Discounted cash flow | GMWB and GMAB embedded derivatives | Minimum | Market volatility
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, net, measurement input	[8]	0.043	0.043
Ameriprise Financial | Level 3 | Discounted cash flow | GMWB and GMAB embedded derivatives | Maximum | Utilization of guaranteed withdrawals
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, net, measurement input	[7]	0.480	0.480
Ameriprise Financial | Level 3 | Discounted cash flow | GMWB and GMAB embedded derivatives | Maximum | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, net, measurement input		0.557	0.735
Ameriprise Financial | Level 3 | Discounted cash flow | GMWB and GMAB embedded derivatives | Maximum | Market volatility
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, net, measurement input	[8]	0.168	0.171
Ameriprise Financial | Level 3 | Discounted cash flow | GMWB and GMAB embedded derivatives | Weighted Average | Utilization of guaranteed withdrawals
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, net, measurement input	[7],[9]	0.106	0.106
Ameriprise Financial | Level 3 | Discounted cash flow | GMWB and GMAB embedded derivatives | Weighted Average | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, net, measurement input	[5]	0.036	0.038
Ameriprise Financial | Level 3 | Discounted cash flow | GMWB and GMAB embedded derivatives | Weighted Average | Market volatility
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, net, measurement input	[8],[10]	0.108	0.110
Ameriprise Financial | Level 3 | Discounted cash flow | GMWB and GMAB embedded derivatives | Weighted Average | Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, net, measurement input	[6]	0.0065	0.0065
Ameriprise Financial | Level 3 | Discounted cash flow | Structured variable annuity embedded derivatives | Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	[6]	0.0065	0.0065
Ameriprise Financial | Level 3 | Discounted cash flow | Structured variable annuity embedded derivatives | Minimum | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input		0.008	0.008
Ameriprise Financial | Level 3 | Discounted cash flow | Structured variable annuity embedded derivatives | Maximum | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input		0.400	0.400
Ameriprise Financial | Level 3 | Discounted cash flow | Structured variable annuity embedded derivatives | Weighted Average | Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	[5]	0.009	0.009
Ameriprise Financial | Level 3 | Discounted cash flow | Structured variable annuity embedded derivatives | Weighted Average | Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	[6]	0.0065	0.0065
Ameriprise Financial | Level 3 | Discounted cash flow | Contingent consideration liabilities | Minimum | Discount rate
Significant unobservable inputs used in fair value measurements
Other liabilities, measurement input		0	0
Ameriprise Financial | Level 3 | Discounted cash flow | Contingent consideration liabilities | Maximum | Discount rate
Significant unobservable inputs used in fair value measurements
Other liabilities, measurement input		0	0.090
Ameriprise Financial | Level 3 | Discounted cash flow | Contingent consideration liabilities | Weighted Average | Discount rate
Significant unobservable inputs used in fair value measurements
Other liabilities, measurement input	[11]	0	0.031
[1]	The fair value of freestanding derivative liabilities is included in Other liabilities. The fair value of GMWB and GMAB, IUL, fixed deferred indexed annuity and structured variable annuity embedded derivatives is included in Policyholder account balances, future policy benefits and claims. The fair value of the SMC embedded derivative liability is included in Customer deposits.
[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 $3.2 billion and $3.7 billion as of December 31, 2021 and 2020, respectively. See Note 16 for additional information related to master netting arrangements and cash collateral.
[3]	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.
[4]	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.
[5]	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.
[6]	The nonperformance risk is the spread added to the observable interest rates used in the valuation of the embedded derivatives.
[7]	The utilization of guaranteed withdrawals represents the percentage of contractholders that will begin withdrawing in any given year.
[8]	Market volatility represents the implied volatility of fund of funds and managed volatility funds.
[9]	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.
[10]	The weighted average market volatility represents the average volatility across all contracts, weighted by the size of the guaranteed benefit.
[11]	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 Values of Assets and Lia_4

Fair Values of Assets and Liabilities - Non-Recurring Basis (Details) - VIEs, not primary beneficiary - Nonrecurring basis - Level 3 - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Assets and liabilities measured at fair value
Equity method investments	$ 7
Affordable Housing Partnerships
Assets and liabilities measured at fair value
Investment balance	$ 93	$ 101

Fair Values of Assets and Lia_5

Fair Values of Assets and Liabilities - Financial Instruments Not Reported at Fair Value (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Financial Liabilities
Separate account liabilities - investment contracts	$ 97,491	$ 92,611
Ameriprise Financial
Financial Assets
Mortgage loans, net	1,953	2,718
Policy loans	835	846
Ameriprise Financial | Carrying Value
Financial Assets
Mortgage loans, net	1,953	2,718
Policy loans	835	846
Receivables	10,509	3,563
Restricted and segregated cash	2,195	1,958
Other investments and assets	368	732
Financial Liabilities
Policyholder account balances, future policy benefits and claims	12,342	9,990
Investment certificate reserves	5,297	6,752
Banking and brokerage deposits	14,931	10,891
Separate account liabilities - investment contracts	5,657	5,406
Debt and other liabilities	3,214	3,214
Ameriprise Financial | Fair Value
Financial Assets
Mortgage loans, net	2,039	2,874
Policy loans	835	846
Receivables	11,208	3,803
Restricted and segregated cash	2,195	1,958
Other investments and assets	368	734
Financial Liabilities
Policyholder account balances, future policy benefits and claims	13,264	11,686
Investment certificate reserves	5,290	6,752
Banking and brokerage deposits	14,931	10,891
Separate account liabilities - investment contracts	5,657	5,406
Debt and other liabilities	3,344	3,469
Ameriprise Financial | Level 1 | Fair Value
Financial Assets
Receivables	135	147
Restricted and segregated cash	2,195	1,958
Financial Liabilities
Banking and brokerage deposits	14,931	10,891
Debt and other liabilities	206	205
Ameriprise Financial | Level 2 | Fair Value
Financial Assets
Mortgage loans, net	49	22
Policy loans	835	846
Receivables	1,669	1,258
Other investments and assets	319	672
Financial Liabilities
Separate account liabilities - investment contracts	5,657	5,406
Debt and other liabilities	3,129	3,253
Ameriprise Financial | Level 3 | Fair Value
Financial Assets
Mortgage loans, net	1,990	2,852
Receivables	9,404	2,398
Other investments and assets	49	62
Financial Liabilities
Policyholder account balances, future policy benefits and claims	13,264	11,686
Investment certificate reserves	5,290	6,752
Debt and other liabilities	$ 9	$ 11

Offsetting Assets and Liabili_3

Offsetting Assets and Liabilities - Assets (Details) - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020
Derivatives:
Gross Amounts of Recognized Assets		$ 5,574	$ 5,870
Amounts of Assets Presented in the Consolidated Balance Sheets		5,574	5,870
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial instruments	[1]	(3,745)	(3,978)
Cash collateral		(1,637)	(1,452)
Securities collateral		(114)	(315)
Net amount		78	125
Securities borrowed
Gross Amounts of Recognized Assets		135	147
Amounts of Assets Presented in the Consolidated Balance Sheets		135	147
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial instruments	[1]	(41)	(43)
Securities collateral		(91)	(103)
Net amount		3	1
Total
Gross Amounts of Recognized Assets		5,709	6,017
Amounts of Assets Presented in the Consolidated Balance Sheets		5,709	6,017
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial instruments	[1]	(3,786)	(4,021)
Cash collateral		(1,637)	(1,452)
Securities collateral		(205)	(418)
Net amount		81	126
OTC
Derivatives:
Gross Amounts of Recognized Assets		5,387	5,501
Amounts of Assets Presented in the Consolidated Balance Sheets		5,387	5,501
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial instruments	[1]	(3,613)	(3,862)
Cash collateral		(1,637)	(1,287)
Securities collateral		(114)	(315)
Net amount		23	37
OTC cleared
Derivatives:
Gross Amounts of Recognized Assets		88	58
Amounts of Assets Presented in the Consolidated Balance Sheets		88	58
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial instruments	[1]	(41)	(25)
Net amount		47	33
Exchange-traded
Derivatives:
Gross Amounts of Recognized Assets		99	311
Amounts of Assets Presented in the Consolidated Balance Sheets		99	311
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial instruments	[1]	(91)	(91)
Cash collateral			(165)
Net amount		$ 8	$ 55
[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.

Offsetting Assets and Liabili_4

Offsetting Assets and Liabilities - Liabilities (Details) - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020
Derivatives:
Gross Amounts of Recognized Liabilities		$ 4,223	$ 4,312
Amounts of Liabilities Presented in the Consolidated Balance Sheets		4,223	4,312
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	[1]	(3,745)	(3,978)
Cash Collateral		(183)	(1)
Securities Collateral		(292)	(327)
Net Amount		3	6
Securities loaned
Gross Amounts of Recognized Liabilities		207	205
Amounts of Liabilities Presented in the Consolidated Balance Sheets		207	205
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	[1]	(41)	(43)
Securities collateral		(160)	(157)
Net amount		6	5
Total
Gross Amounts of Recognized Liabilities		4,430	4,517
Amounts of Liabilities Presented in the Consolidated Balance Sheets		4,430	4,517
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	[1]	(3,786)	(4,021)
Cash Collateral		(183)	(1)
Securities Collateral		(452)	(484)
Net Amount		9	11
OTC
Derivatives:
Gross Amounts of Recognized Liabilities		4,091	4,192
Amounts of Liabilities Presented in the Consolidated Balance Sheets		4,091	4,192
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	[1]	(3,613)	(3,862)
Cash Collateral		(183)	(1)
Securities Collateral		(292)	(327)
Net Amount		3	2
OTC cleared
Derivatives:
Gross Amounts of Recognized Liabilities		41	25
Amounts of Liabilities Presented in the Consolidated Balance Sheets		41	25
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	[1]	(41)	(25)
Exchange-traded
Derivatives:
Gross Amounts of Recognized Liabilities		91	95
Amounts of Liabilities Presented in the Consolidated Balance Sheets		91	95
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	[1]	$ (91)	(91)
Net Amount			$ 4
[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_3

Derivatives and Hedging Activities - Notional Value and Gross Fair Value (Details) - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020
Derivatives and Hedging Activities
Notional		$ 144,815	$ 140,957
Gross Fair Value Assets, freestanding derivatives		5,574	5,870
Gross Fair Value Liabilities, freestanding derivatives		4,223	4,312
Fair Value Liabilities, embedded derivatives, net	[1],[2]	2,862	3,381
Total Gross Fair Value, derivative assets	[3]	5,633	5,870
Total Gross Fair Value, derivative liabilities	[1],[2]	7,085	7,693
Derivative liability after application of master netting arrangements and cash collateral including embedded derivative liabilities		3,200	3,700
Fair value of investment securities received as collateral		123	325
Fair value of investment securities received as collateral that can be repledged		123	325
Fair value of investment securities received as collateral that were repledged		0	0
Receivables
Derivatives and Hedging Activities
Gross Fair Value Assets, embedded derivatives	[3]	59
GMWB and GMAB embedded derivatives
Derivatives and Hedging Activities
Gross Fair Value Assets, embedded derivatives		133	67
Gross Fair Value Liabilities, embedded derivatives		1,600	2,400
GMWB and GMAB embedded derivatives | Policyholder account balances, future policy benefits and claims
Derivatives and Hedging Activities
Fair Value Liabilities, embedded derivatives, net	[1],[2],[4]	1,486	2,316
IUL embedded derivatives | Policyholder account balances, future policy benefits and claims
Derivatives and Hedging Activities
Gross Fair Value Liabilities, embedded derivatives	[1],[2]	905	935
Deposit receivables embedded derivative | Receivables
Derivatives and Hedging Activities
Gross Fair Value Assets, embedded derivatives	[3]	59
Fixed deferred indexed annuities embedded derivatives | Policyholder account balances, future policy benefits and claims
Derivatives and Hedging Activities
Gross Fair Value Liabilities, embedded derivatives	[1],[2]	61	52
Structured variable annuity embedded derivatives | Policyholder account balances, future policy benefits and claims
Derivatives and Hedging Activities
Gross Fair Value Liabilities, embedded derivatives	[1],[2]	406	70
SMC embedded derivatives | Customer deposits
Derivatives and Hedging Activities
Gross Fair Value Liabilities, embedded derivatives	[1],[2]	4	8
Designated as hedging instruments
Derivatives and Hedging Activities
Notional		77	32
Designated as hedging instruments | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	[1],[2]		2
Designated as hedging instruments | Equity contracts
Derivatives and Hedging Activities
Notional		19
Designated as hedging instruments | Foreign exchange contracts
Derivatives and Hedging Activities
Notional		58	32
Designated as hedging instruments | Foreign exchange contracts | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	[1],[2]		2
Not designated as hedging instruments
Derivatives and Hedging Activities
Notional		144,738	140,925
Not designated as hedging instruments | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	[3]	5,574	5,870
Not designated as hedging instruments | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	[1],[2]	4,223	4,310
Not designated as hedging instruments | Interest rate contracts
Derivatives and Hedging Activities
Notional		79,468	77,951
Not designated as hedging instruments | Interest rate contracts | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	[3]	1,252	1,755
Not designated as hedging instruments | Interest rate contracts | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	[1],[2]	468	734
Not designated as hedging instruments | Equity contracts
Derivatives and Hedging Activities
Notional		61,142	57,254
Not designated as hedging instruments | Equity contracts | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	[3]	4,293	4,090
Not designated as hedging instruments | Equity contracts | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	[1],[2]	3,754	3,571
Not designated as hedging instruments | Credit contracts
Derivatives and Hedging Activities
Notional		1,748	2,297
Not designated as hedging instruments | Credit contracts | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	[3]	9	2
Not designated as hedging instruments | Credit contracts | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	[1],[2]		1
Not designated as hedging instruments | Foreign exchange contracts
Derivatives and Hedging Activities
Notional		2,380	3,423
Not designated as hedging instruments | Foreign exchange contracts | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	[3]	20	23
Not designated as hedging instruments | Foreign exchange contracts | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	[1],[2]	$ 1	$ 4
[1]	The fair value of freestanding derivative liabilities is included in Other liabilities. The fair value of GMWB and GMAB, IUL, fixed deferred indexed annuity and structured variable annuity embedded derivatives is included in Policyholder account balances, future policy benefits and claims. The fair value of the SMC embedded derivative liability is included in Customer deposits.
[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 $3.2 billion and $3.7 billion as of December 31, 2021 and 2020, 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 and the fair value of ceded embedded derivative assets related to deposit receivables is included in Receivables.
[4]	The fair value of the GMWB and GMAB embedded derivatives as of December 31, 2021 included $1.6 billion of individual contracts in a liability position and $133 million of individual contracts in an asset position. 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.

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Derivatives Not Designated as Hedges Impact (Details) - Not designated as hedging instruments - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net Investment Income
Impact of derivatives not designated as hedging instruments
Total gain (loss)	$ (26)	$ (1)	$ (34)
Net Investment Income | Interest rate contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(23)	(1)	(34)
Net Investment Income | Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(4)	(1)
Net Investment Income | Foreign exchange contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	1	1
Banking and Deposit Interest Expense
Impact of derivatives not designated as hedging instruments
Total gain (loss)			2
Banking and Deposit Interest Expense | Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	1	1	11
Banking and Deposit Interest Expense | SMC embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(1)	(1)	(9)
Distribution Expenses
Impact of derivatives not designated as hedging instruments
Total gain (loss)	116	103	99
Distribution Expenses | Interest rate contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(1)	2
Distribution Expenses | Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	116	100	99
Distribution Expenses | Credit contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	1	1
Interest Credited to Fixed Accounts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	113	58	(31)
Interest Credited to Fixed Accounts | Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	91	55	117
Interest Credited to Fixed Accounts | IUL embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	30	7	(140)
Interest Credited to Fixed Accounts | Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(8)
Interest Credited to Fixed Accounts | Fixed deferred indexed annuities embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)		(4)	(8)
Benefits, Claims, Losses and Settlement Expenses
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(1,218)	(869)	(988)
Benefits, Claims, Losses and Settlement Expenses | Interest rate contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(886)	1,633	1,097
Benefits, Claims, Losses and Settlement Expenses | Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(817)	(744)	(1,547)
Benefits, Claims, Losses and Settlement Expenses | Credit contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	43	(106)	(73)
Benefits, Claims, Losses and Settlement Expenses | Foreign exchange contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	5	(8)	(30)
Benefits, Claims, Losses and Settlement Expenses | GMWB and GMAB embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	830	(1,553)	(435)
Benefits, Claims, Losses and Settlement Expenses | Structured variable annuity embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(393)	(91)
General and Administrative Expense
Impact of derivatives not designated as hedging instruments
Total gain (loss)	25	25	15
General and Administrative Expense | Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	17	15	16
General and Administrative Expense | Foreign exchange contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	$ 8	$ 10	$ (1)

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Deferred Premium, Options and Swaptions (Details) - Options and swaptions $ in Millions	Dec. 31, 2021USD ($)
Premiums Payable
2022	$ 204
2023	51
2024	137
2025	124
2026	252
2027-2028	18
Total	786
Premiums Receivable
2022	204
2023	43
2024	25
2025	22
2026	88
Total	$ 382

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities - Hedges and Credit Risk (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash Flow Hedges
Expected net amount related to cash flow hedges in AOCI that will be reclassified to earnings as a reduction to interest and debt expense within next twelve months	$ 0.5
Longest period of time over which the entity hedges exposure to the variability in future cash flows	14 years
Summary of the impact of interest rate derivatives
Interest and debt expense	$ 191	$ 162	$ 214
Gain (loss) on interest rate contracts designated as fair value hedges: Hedged items		1	5
Gain (loss) on interest rate contracts designated as fair value hedges: Derivatives designated as fair value hedges		(1)	(5)
Amount of gain (loss) reclassified from AOCI into income		1	2
Net Investment Hedges
Gain (loss) on net investment hedge recorded in OCI	(1)	1	$ (2)
Credit Risk
Aggregate fair value of derivative contracts in net liability position containing credit contingent provisions	383	326
Aggregate fair value of assets posted as collateral	383	324
Aggregate fair value of additional assets required to be posted or needed to settle	$ 0	$ 2

Leases - Assets and Liabilities

Leases - Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Balances for operating and finance ROU assets and lease liabilities
Operating lease assets	$ 291	$ 215
Operating lease assets Balance Sheet Classification	Other assets	Other assets
Finance lease assets	$ 38	$ 44
Finance lease assets Balance Sheet Classification	Other assets	Other assets
Total lease assets	$ 329	$ 259
Operating lease liability	$ 341	$ 254
Operating lease liabilities Balance Sheet Classification	Other liabilities	Other liabilities
Finance lease liabilities	$ 40	$ 44
Finance lease liabilities Balance Sheet Classification	Long-term debt	Long-term debt
Total lease liabilities	$ 381	$ 298

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Components of lease expense
Total lease cost	$ 72	$ 69	$ 68
General and administrative expenses
Components of lease expense
Operating lease costs	57	57	58
Amortization of ROU assets	13	10	8
Interest and debt expense
Components of lease expense
Finance lease interest expense	$ 2	$ 2	$ 2

Leases - Lease Term and Discoun

Leases - Lease Term and Discount Rate and Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Finance Leases
Weighted-average remaining lease term	3 years 9 months 18 days	4 years 9 months 18 days
Weighted-average discount rate (as a percent)	3.40%	3.40%
Operating Leases
Weighted-average remaining lease term	7 years 2 months 12 days	5 years 9 months 18 days
Weighted-average discount rate (as percent)	2.10%	2.60%
Operating cash flows:
Cash paid for amounts included in measurement of operating lease liabilities	$ 50	$ 65	$ 62
Cash paid for amounts included in measurement of finance lease liabilities	2	2	2
Financing cash flows:
Cash paid for amounts included in measurement of finance lease liabilities	$ 9	$ 12	$ 13

Leases - Maturity of Lease Liab

Leases - Maturity of Lease Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Maturity of Lease Liabilities, Finance Leases
2022	$ 11
2023	11
2024	11
2025	10
Total lease payments	43
Less: Interest	3
Finance lease liabilities	40	$ 44
Maturity of Lease Liabilities, Operating Leases
2022	68
2023	61
2024	51
2025	45
2026	38
Thereafter	104
Total lease payments	367
Less: Interest	26
Operating lease liability	$ 341	$ 254

Disposal of Business (Details)

Disposal of Business (Details) - USD ($) $ in Millions	Oct. 01, 2019	Dec. 31, 2019
Disposal of business
Gain on disposal of business		$ 213
Disposed of by sale | AAH
Disposal of business
Gross cash proceeds at closing	$ 1,100
Net proceeds from disposal of business	1,000
Gain on disposal of business	213
Payment to affinity partner	$ 100

Share-Based Compensation - Shar

Share-Based Compensation - Share-Based Compensation Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation
Share-based compensation expense	$ 244	$ 213	$ 188
Total income tax benefit recognized related to share-based compensation expense	51	45	40
Total unrecognized compensation cost related to non-vested awards	$ 148
Weighted-average period unrecognized compensation cost expected to be recognized	3 years 1 month 6 days
Stock option
Share-based Compensation
Share-based compensation expense	$ 20	23	31
Restricted stock
Share-based Compensation
Share-based compensation expense	24	24	22
Restricted Stock Units
Share-based Compensation
Share-based compensation expense	108	99	82
Liability awards
Share-based Compensation
Share-based compensation expense	$ 92	$ 67	$ 53

Share-Based Compensation - Ince

Share-Based Compensation - Incentive Plans (Details) shares in Millions	Dec. 31, 2021shares
2005 ICP
Share-based Compensation
Maximum shares that may be issued	54.4
2005 ICP | Awards other than stock options and stock appreciation rights
Share-based Compensation
Maximum shares that may be issued	4.5
2008 Plan
Share-based Compensation
Maximum shares that may be issued	6

Share-Based Compensation - Stoc

Share-Based Compensation - Stock Option General Information and Grants Assumptions (Details) - Stock Options - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Weighted average assumptions used for stock option grants
Weighted average grant date fair value for options granted (in dollars per share)	$ 48.48	$ 31.53	$ 24.67
Minimum
Share-based Compensation
Percentage of current fair market value of common stock	100.00%
Award vesting period	3 years
Maximum
Share-based Compensation
Term of award	10 years
Award vesting period	4 years
Weighted average
Weighted average assumptions used for stock option grants
Dividend yield (as a percent)	2.50%	2.50%	3.00%
Expected volatility (as a percent)	36.00%	27.00%	27.00%
Risk-free interest rate (as a percent)	0.40%	1.40%	2.40%
Expected life of stock option	5 years	5 years	5 years

Share-Based Compensation - St_2

Share-Based Compensation - Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Summary of stock option activity, Shares
Outstanding, beginning (in shares)	4.8
Granted (in shares)	0.3
Exercised (in shares)	(1.8)
Outstanding, ending (in shares)	3.3	4.8
Exercisable (in shares)	2.2
Summary of stock option activity, Weighted Average Exercise Price
Outstanding (in dollars per share)	$ 145.79	$ 133.75
Granted (in dollars per share)	197.97
Exercised (in dollars per share)	123.30
Exercisable (in dollars per share)	$ 138.35
Summary of stock option activity, Weighted Average Remaining Contractual Term and Aggregate Intrinsic Value
Weighted Average Remaining Contractual Term, Outstanding	6 years 3 months 18 days	6 years 6 months
Weighted Average Remaining Contractual Term, Exercisable	5 years 6 months
Aggregate Intrinsic Value, Outstanding	$ 518	$ 290
Aggregate Intrinsic Value, Exercisable	365
Aggregate Intrinsic Value, Exercised	$ 219	$ 139	$ 61

Share-Based Compensation - Rest

Share-Based Compensation - Restricted Stock Awards and Units and Deferred Share Units General Information (Details)	12 Months Ended
	Dec. 31, 2021
Restricted Stock Awards | Graded vesting | Minimum
Share-based Compensation
Award vesting period	3 years
Restricted Stock Awards | Graded vesting | Maximum
Share-based Compensation
Award vesting period	4 years
Restricted Stock Awards | Cliff vesting
Share-based Compensation
Award vesting period	5 years
Restricted Stock Units | Minimum
Share-based Compensation
Award vesting period	3 years
Restricted Stock Units | Maximum
Share-based Compensation
Award vesting period	4 years
Deferred Share Units | Minimum
Share-based Compensation
Award vesting period	3 years
Deferred Share Units | Maximum
Share-based Compensation
Award vesting period	4 years

Share-Based Compensation - Defe

Share-Based Compensation - Deferred Compensation Plans and Cash Settle Awards (Details) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)shares
BMO Share Plans
Deferred Compensation Plans
Liability related to cash settle awards | $	$ 48
Compensation and commission deferrals | Ameriprise Financial Deferred Compensation Plan
Deferred Compensation Plans
Vesting period	3 years
Compensation and commission deferrals | Ameriprise Financial Franchise Advisor Deferral Plan
Deferred Compensation Plans
Maximum awards that may be granted	12.5
Compensation and commission deferrals | Ameriprise Financial Franchise Advisor Deferral Plan | Minimum
Deferred Compensation Plans
Vesting period	3 years
Compensation and commission deferrals | Ameriprise Financial Franchise Advisor Deferral Plan | Maximum
Deferred Compensation Plans
Vesting period	4 years
Compensation and commission deferrals | Ameriprise Advisor Group Deferred Compensation Plan
Deferred Compensation Plans
Maximum awards that may be granted	3

Share-Based Compensation - Full

Share-Based Compensation - Full Value Share Award Activity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Full value share awards
Summary of full value share award activity, Shares
Non-vested at beginning (in shares)	1.3
Granted (in shares)	0.6
Deferred (in shares)	0.2
Vested (in shares)	(0.7)
Forfeited (in shares)	(0.1)
Non-vested at ending (in shares)	1.3	1.3
Summary of full value share award activity, Weighted Average Grant-date Fair Value
Non-vested outstanding (in dollars per share)	$ 170.91	$ 144.10
Granted (in dollars per share)	217.47
Deferred (in dollars per share)	251.99
Vested (in dollars per share)	177.39
Forfeited (in dollars per share)	$ 165.98
Full value share awards
Fair value of equity instruments other than options vested in period (in dollars)	$ 139	$ 124	$ 107
Restricted shares, restricted stock units and deferred share units
Summary of full value share award activity, Weighted Average Grant-date Fair Value
Granted (in dollars per share)	$ 207.49	$ 163.54	$ 129.30
Compensation and commission deferrals
Summary of full value share award activity, Weighted Average Grant-date Fair Value
Granted (in dollars per share)	$ 241.34	$ 147.96	$ 136.81

Share-Based Compensation - Perf

Share-Based Compensation - Performance Share Units (Details) - Performance share units - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation
Performance period	3 years
Service condition period	3 years
Number of shares for each target PSU	1
Value of shares settled for awards	$ 47	$ 34	$ 19
Minimum
Share-based Compensation
Percentage of award earned	0.00%
Target
Share-based Compensation
Awards outstanding	400,000	400,000	400,000
Prior to 2018 | Maximum
Share-based Compensation
Percentage of award earned	200.00%
2018 or later | Maximum
Share-based Compensation
Percentage of award earned	175.00%

Shareholders' Equity - OCI Comp

Shareholders' Equity - OCI Components (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pretax
Total other comprehensive income (loss)		$ (800)	$ 463	$ 715
Income Tax Benefit (Expense)
Total other comprehensive income (loss)		174	(96)	(162)
Net of Tax
Total other comprehensive income (loss), net of tax		(626)	367	553
Reclassification in net income
Interest and debt expense		191	162	214
Net investment income		1,683	1,251	1,463
Reclassification
Reclassification in net income
Interest and debt expense		1	1	2
Net investment income		0	0	0
Net Unrealized Gains (Losses) on Securities
Pretax
Reclassification to net income	[1]	(561)	(11)	6
Total other comprehensive income (loss)		(850)	517	722
Income Tax Benefit (Expense)
Reclassification to net income		118	2	(1)
Total other comprehensive income (loss)		185	(110)	(166)
Net of Tax
Arising during the period		(222)	416	551
Reclassification to net income		(443)	(9)	5
Total other comprehensive income (loss), net of tax		(665)	407	556
Net unrealized gains (losses) on securities, excluding insurance related impact
Pretax
Arising during the period	[2]	(622)	907	1,404
Income Tax Benefit (Expense)
Arising during the period	[2]	137	(192)	(309)
Net of Tax
Arising during the period	[2]	(485)	715	1,095
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables
Pretax
Arising during the period		333	(379)	(688)
Income Tax Benefit (Expense)
Arising during the period		(70)	80	144
Net of Tax
Arising during the period		263	(299)	(544)
Net unrealized gains (losses) on derivatives
Pretax
Reclassification to net income	[3]	(1)	(2)	(3)
Total other comprehensive income (loss)		(1)	(2)	(3)
Income Tax Benefit (Expense)
Reclassification to net income			1	1
Total other comprehensive income (loss)			1	1
Net of Tax
Reclassification to net income		(1)	(1)	(2)
Total other comprehensive income (loss), net of tax		(1)	(1)	(2)
Defined Benefit Plans
Pretax
Total other comprehensive income (loss)		67	(84)	(22)
Income Tax Benefit (Expense)
Total other comprehensive income (loss)		(14)	18	4
Net of Tax
Arising during the period		36	(66)	(28)
Reclassification to net income		17		10
Total other comprehensive income (loss), net of tax		53	(66)	(18)
Defined Benefit Plans: Prior service credit
Pretax
Total other comprehensive income (loss)		(3)	(2)	14
Income Tax Benefit (Expense)
Total other comprehensive income (loss)		1		(3)
Net of Tax
Total other comprehensive income (loss), net of tax		(2)	(2)	11
Defined Benefit Plans: Net gain (loss)
Pretax
Total other comprehensive income (loss)		70	(82)	(36)
Income Tax Benefit (Expense)
Total other comprehensive income (loss)		(15)	18	7
Net of Tax
Total other comprehensive income (loss), net of tax		55	(64)	(29)
Foreign Currency Translation
Pretax
Total other comprehensive income (loss)		(16)	32	18
Income Tax Benefit (Expense)
Total other comprehensive income (loss)		3	(5)	(1)
Net of Tax
Arising during the period		(13)	27	17
Total other comprehensive income (loss), net of tax		$ (13)	$ 27	$ 17
[1]	Reclassification amounts are recorded in Net investment income.
[2]	Includes impairments on Available-for-Sale securities related to factors other than credit that were recognized in OCI during the period.
[3]	Includes a $1 million, $1 million and $2 million pretax gain reclassified to interest and debt expenses and nil pretax loss reclassified to net investment income for the years ended December 31, 2021, 2020 and 2019, respectively.

Shareholder's Equity - Changes

Shareholder's Equity - Changes in AOCI Components (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Changes in balances of each component of AOCI, net of tax
Beginning balance		$ 5,867	$ 5,729	$ 5,588
Total other comprehensive income (loss), net of tax		(626)	367	553
Ending balance		5,685	5,867	5,729
Total AOCI
Changes in balances of each component of AOCI, net of tax
Beginning balance		629	262	(291)
OCI before reclassifications		(199)	377	540
Amounts reclassified from AOCI		(427)	(10)	13
Total other comprehensive income (loss), net of tax		(626)	367	553
Ending balance		3	629	262
Net Unrealized Gains (Losses) on Securities
Changes in balances of each component of AOCI, net of tax
Beginning balance	[1]	983	576	20
OCI before reclassifications		(222)	416	551
Amounts reclassified from AOCI		(443)	(9)	5
Total other comprehensive income (loss), net of tax		(665)	407	556
Ending balance	[1]	318	983	576
Noncredit related impairments
Changes in balances of each component of AOCI, net of tax
Beginning balance		0	1
Ending balance		0	0	1
Net Unrealized Gains (Losses) on Derivatives
Changes in balances of each component of AOCI, net of tax
Beginning balance		5	6	8
Amounts reclassified from AOCI		(1)	(1)	(2)
Total other comprehensive income (loss), net of tax		(1)	(1)	(2)
Ending balance		4	5	6
Defined Benefit Plans
Changes in balances of each component of AOCI, net of tax
Beginning balance		(204)	(138)	(120)
OCI before reclassifications		36	(66)	(28)
Amounts reclassified from AOCI		17		10
Total other comprehensive income (loss), net of tax		53	(66)	(18)
Ending balance		(151)	(204)	(138)
Foreign Currency Translation
Changes in balances of each component of AOCI, net of tax
Beginning balance		(154)	(181)	(198)
OCI before reclassifications		(13)	27	17
Total other comprehensive income (loss), net of tax		(13)	27	17
Ending balance		(167)	(154)	(181)
Other
Changes in balances of each component of AOCI, net of tax
Beginning balance		(1)	(1)	(1)
Total other comprehensive income (loss), net of tax		0	0	0
Ending balance		$ (1)	$ (1)	$ (1)
[1]	Includes nil, nil and $1 million of noncredit related impairments on securities and net unrealized gains (losses) on previously impaired securities as of December 31, 2021, 2020 and 2019, respectively.

Shareholders' Equity - Shares R

Shareholders' Equity - Shares Repurchased and Reissued (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jan. 26, 2022	Aug. 31, 2020	Feb. 28, 2019	Apr. 30, 2017
Share repurchases
Repurchase of common shares	$ 2,222	$ 1,647	$ 2,039
Stock repurchase program, authorized amount					$ 2,500	$ 2,500	$ 2,500
Remaining balance under stock repurchase program	$ 432
Shares surrendered upon vesting for income tax obligation	0.3	0.3	0.3
Income tax obligations paid on vesting date	$ 69	$ 52	$ 34
Number of shares reacquired through net settlement of options	1.3	1.5	0.7
Aggregate value of shares reacquired through net settlement of options	$ 306	$ 263	$ 106
Treasury shares reissued for restricted stock award grants, performance share units and issuance of shares vested under advisor deferred compensation plans	0.4	0.5	0.7
Subsequent event
Share repurchases
Stock repurchase program, authorized amount				$ 3,000
Share repurchase authorization
Share repurchases
Repurchase of common shares (in shares)	7.1	8.4	13.4
Repurchase of common shares	$ 1,800	$ 1,300	$ 1,900

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Numerator:
Net income	$ 2,760	$ 1,534	$ 1,893
Denominator:
Basic: Weighted-average common shares outstanding	117.3	123.8	134.1
Effect of potentially dilutive nonqualified stock options and other share-based awards (in shares)	2.7	1.9	1.9
Diluted: Weighted-average common shares outstanding	120	125.7	136
Earnings Per Share, Basic:
Net income (in dollars per basic share)	$ 23.53	$ 12.39	$ 14.12
Earnings Per Share, Diluted:
Net income (in dollars per diluted share)	$ 23	$ 12.20	$ 13.92
Options excluded from earnings per share calculation due to their anti-dilutive effect (in shares)	0	0	1

Regulatory Requirements - Fund

Regulatory Requirements - Fund Transfer Restrictions and General Insurance Company Information (Details) - Subsidiaries - USD ($) $ in Millions	Feb. 23, 2022	Dec. 31, 2021	Jun. 30, 2019	Dec. 31, 2020
Entities subject to regulatory requirements
Regulatory Requirements
Aggregate amount of unrestricted net assets		$ 1,900
RiverSource Life Insurance Company
Regulatory Requirements
Nonaccelerated amortization period for deferred gains or losses from designated derivatives			10 years
Statutory unassigned surplus		$ 175		$ 1,300
Percentage of previous year-end statutory capital and surplus		10.00%
Statutory capital and surplus		$ 3,400		$ 4,800
Subsequent event | Expected | RiverSource Life Insurance Company
Regulatory Requirements
Cash dividend declared	$ 300

Regulatory Requirements - Insur

Regulatory Requirements - Insurance Company Statutory Financial Information and Securities on Deposit (Details) - Subsidiaries - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
RiverSource Life Insurance Company
Regulatory Requirements
Statutory net gain from operations	$ 1,366	$ 1,393	$ 1,505
Statutory net income (loss)	253	1,582	$ 786
Life insurance subsidiaries
Regulatory Requirements
Government debt securities on deposit with states as required by law	$ 5	$ 4

Regulatory Requirements - Broke

Regulatory Requirements - Broker Dealer Companies (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Broker-dealer net capital requirement
Minimum broker-dealer subsidiary net capital required under alternative SEC regulation	$ 250
Minimum percentage of aggregate debit items arising from broker-dealer client balances	2.00%
Subsidiaries | American Enterprise Investment Services, Inc.
Broker-dealer alternative excess net capital
Net capital as a percent of aggregate debit items	10.58%	9.51%
Net capital	$ 155,000	$ 122,000
Less: required net capital	29,000	25,000
Excess net capital	126,000	97,000
Subsidiaries | Ameriprise Financial Services, LLC
Broker-dealer alternative excess net capital
Net capital	103,000	134,000
Excess net capital	$ 103,000	$ 134,000

Regulatory Requirements - Bank

Regulatory Requirements - Bank Regulatory Capital (Details) - Subsidiaries - Ameriprise Bank - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Regulatory capital
Common equity Tier 1 capital, Actual Amount	$ 853	$ 657
Tier 1 capital, Actual Amount	853	657
Total Capital, Actual Amount	855	658
Tier 1 leverage, Actual Amount	$ 853	$ 657
Common equity Tier 1 Capital Actual Ratio (as a percent)	29.54%	12.08%
Tier 1 capital, Actual Ratio (as a percent)	29.54%	12.08%
Total capital, Actual Ratio (as a percent)	29.60%	12.10%
Tier 1 leverage, Actual Ratio (as a percent)	7.24%	8.36%
Common equity Tier 1, Requirement for capital adequacy, Amount	$ 130	$ 245
Tier 1 capital, Requirement for capital adequacy, Amount	173	326
Total capital, Requirement for capital adequacy, Amount	231	435
Tier 1 leverage, Requirement for capital adequacy, Amount	$ 471	$ 314
Common equity Tier 1 capital, Requirement for capital adequacy, Ratio (as a percent)	4.50%	4.50%
Tier 1 capital, Requirement for capital adequacy, Ratio (as a percent)	6.00%	6.00%
Total capital, Requirement for capital adequacy, Ratio (as a percent)	8.00%	8.00%
Tier 1 leverage, Requirement for capital adequacy, Ratio (as a percent)	4.00%	4.00%
Common equity Tier 1 capital, To be well capitalized, Amount	$ 188	$ 353
Tier 1 capital, To be well capitalized, Amount	231	435
Total capital, To be well capitalized, Amount	289	543
Tier 1 leverage, To be well capitalized, Amount	$ 589	$ 393
Common equity Tier 1 capital, To be well capitalized, Ratio (as a percent)	6.50%	6.50%
Tier 1 capital, To be well capitalized, Ratio (as a percent)	8.00%	8.00%
Total capital, To be well capitalized, Ratio (as a percent)	10.00%	10.00%
Tier 1 leverage, To be well capitalized, Ratio (as a percent)	5.00%	5.00%

Regulatory Requirements - Regis

Regulatory Requirements - Registered Investment Company Information (Details) - Subsidiaries - Ameriprise Certificate Company - USD ($) $ in Billions	Dec. 31, 2021	Dec. 31, 2020
Investment company information
Required qualified assets under Investment Company Act of 1940	$ 5.3	$ 6.8
Actual amount of qualified assets	$ 5.7	$ 7.2

Income Taxes - Components of in

Income Taxes - Components of income Tax Provision (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current income tax:
Federal	$ 551	$ 527	$ 531
State and local	79	63	80
Foreign	47	28	36
Total current income tax	677	618	647
Deferred income tax:
Federal	(62)	(309)	(297)
State and local	(3)	(16)	(13)
Foreign	(22)	4	2
Total deferred income tax	(87)	(321)	(308)
Total income tax provision	$ 590	$ 297	$ 339

Income Taxes - Geographic Sourc

Income Taxes - Geographic Sources of Pretax Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Geographic sources of pretax income
United States	$ 3,126	$ 1,685	$ 2,045
Foreign	224	146	187
Pretax income	$ 3,350	$ 1,831	$ 2,232

Income Taxes - Reasons for Inco

Income Taxes - Reasons for Income Tax Provision Differences to Statutory Rate (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Tax at U.S. statutory rate (as a percent)	21.00%	21.00%	21.00%
Changes in taxes resulting from :
Low income housing tax credits (as a percent)	(2.00%)	(4.30%)	(3.60%)
State taxes, net of federal benefit (as a percent)	1.80%	2.10%	2.40%
Incentive compensation (as a percent)	(1.60%)	(1.40%)
Dividend received deduction (as a percent)		(2.10%)	(1.80%)
Foreign tax credits, net of addback (as a percent)			(2.20%)
Other, net (as a percent)	(1.60%)	0.90%	(0.60%)
Income tax provision (as a percent)	17.60%	16.20%	15.20%

Income Taxes - Significant Comp

Income Taxes - Significant Components of Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred income tax assets and liabilities
Statutory rate (as a percent)	21.00%	21.00%	21.00%
Deferred income tax assets
Liabilities for policyholder account balances, future policy benefits and claims	$ 1,996	$ 1,618
Deferred compensation	586	493
Right of use lease liability	73	60
Postretirement benefits		65
Other	106	51
Gross deferred income tax assets	2,761	2,287
Less: valuation allowance	32	15
Total deferred income tax assets	2,729	2,272
Deferred income tax liabilities
Investment related	565	253
Deferred acquisition costs	481	435
Intangible assets	209	124
Net unrealized gains on Available-for-Sale securities	113	295
Depreciation expense	89	99
Goodwill	77	70
Right of use lease asset	62	54
Deferred sales inducement costs		44
Other	45	18
Gross deferred income tax liabilities	1,641	1,392
Net deferred income tax assets	$ 1,088	$ 880

Income Taxes - Net Operating Lo

Income Taxes - Net Operating Losses (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Operating loss carryforwards
Valuation allowance	$ 32	$ 15
State
Operating loss carryforwards
Deferred tax assets, loss carryforwards	12
Valuation allowance, net operating losses	11
Valuation allowance	3
Foreign
Operating loss carryforwards
Deferred tax assets, loss carryforwards	42
Valuation allowance	$ 18

Income Taxes - Reconciliation R

Income Taxes - Reconciliation Rollforward of Gross Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of gross unrecognized tax benefits
Beginning balance	$ 110	$ 100	$ 92
Additions based on tax positions related to current year	21	11	15
Reductions based on tax positions related to the current year	(1)	(1)
Additions for tax positions of prior years	5	10	39
Reductions for tax positions of prior years	(8)	(4)	(17)
Reductions due to lapse of statute of limitations	(1)	(5)
Audit settlements	(1)	(1)	(29)
Ending balance	125	110	100
Unrecognized tax benefits, net of federal tax benefits, that would affect the effective tax rate if recognized	95	80	67
Interest and penalties related to unrecognized tax benefits
Increase in interest and penalties	0	2
Decrease in interest and penalties			$ 2
Payable related to accrued interest and penalties	10	$ 10
Minimum
Reconciliation of gross unrecognized tax benefits
Estimated decrease in gross amount of unrecognized tax benefits reasonably possible in next 12 months	50
Maximum
Reconciliation of gross unrecognized tax benefits
Estimated decrease in gross amount of unrecognized tax benefits reasonably possible in next 12 months	$ 60

Retirement Plans and Profit S_3

Retirement Plans and Profit Sharing Arrangements - U.S. Non-Advisor Employee Pension Plan General Information (Details) - Pension Plans - Retirement Plan	12 Months Ended
	Dec. 31, 2021
Defined Benefit Plans
Maturity period of U.S. Treasury Note	5 years
Minimum fixed interest crediting rate (as a percent)	5.00%
Period of service to be fully vested in employer defined benefit plan contributions	3 years
Minimum
Defined Benefit Plans
Percentage of eligible compensation credited to participant account balances	2.50%
Maximum
Defined Benefit Plans
Percentage of eligible compensation credited to participant account balances	10.00%

Retirement Plans and Profit S_4

Retirement Plans and Profit Sharing Arrangements - Components of Net Periodic Benefit Cost (Details) - Pension Plans - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Components of net periodic benefit cost
Service cost	$ 45	$ 45	$ 44
Interest cost	21	29	36
Expected return on plan assets	(57)	(55)	(53)
Amortization of prior service credits	(2)	(2)
Amortization of net loss	23	15	5
Other	5	7	8
Net periodic benefit cost	$ 35	$ 39	$ 40

Retirement Plans and Profit S_5

Retirement Plans and Profit Sharing Arrangements Reconciliation of Changes in Benefit Obligation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension Plans
Change in benefit obligation
Benefit obligation, beginning	$ 1,271	$ 1,111
Service cost	45	45	$ 44
Interest cost	21	29	36
Plan change	7
Benefits paid	(12)	(10)
Actuarial (gain) loss	16	117
Acquisitions	498
Settlements	(27)	(30)
Foreign currency rate changes	(4)	9
Benefit obligation, ending	1,815	1,271	1,111
Other Postretirement Plans
Change in benefit obligation
Benefit obligation, beginning	14	14
Benefits paid	(1)	(1)
Actuarial (gain) loss		1
Benefit obligation, ending	$ 13	$ 14	$ 14

Retirement Plans and Profit S_6

Retirement Plans and Profit Sharing Arrangements - Reconciliation of Changes in Fair Value of Assets (Details) - Pension Plans - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Change in fair value of plan assets
Fair value of plan assets, beginning	$ 905	$ 838
Actual return on plan assets	121	67
Employer contributions	14	31
Benefits paid	(12)	(10)
Acquisitions	586
Settlements	(27)	(30)
Foreign currency rate changes	(4)	9
Fair value of plan assets, ending	$ 1,583	$ 905

Retirement Plans and Profit S_7

Retirement Plans and Profit Sharing Arrangements - Amounts recognized in Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Pension Plans
Amounts recognized in Consolidated Balance Sheets
Benefit liability	$ (339)	$ (366)
Benefit asset	107
Net amount recognized	(232)	(366)
Other Postretirement Plans
Amounts recognized in Consolidated Balance Sheets
Benefit liability	(13)	(14)
Net amount recognized	$ (13)	$ (14)

Retirement Plans and Profit S_8

Retirement Plans and Profit Sharing Arrangements - Pension Plans with Benefit Obligations in Excess of Plan Assets (Details) - Pension Plans - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plans
Accumulated benefit obligation	$ 1,800	$ 1,200
Pension plans with accumulated benefit obligations in excess of plan assets:
Accumulated benefit obligation	1,769	1,211
Fair value of plan assets	1,583	905
Pension plans with projected benefit obligations in excess of plan assets:
Projected benefit obligation	1,815	1,271
Fair value of plan assets	$ 1,583	$ 905

Retirement Plans and Profit S_9

Retirement Plans and Profit Sharing Arrangements - Weighted Average Assumptions (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension Plans
Weighted average assumptions used to determine benefit obligations
Discount rates (as a percent)	2.46%	2.16%
Rates of increase in compensation levels (as a percent)	3.72%	3.96%
Interest crediting rates for cash balance plans (as a percent)	5.00%	5.00%
Weighted average assumptions used to determine net periodic benefit cost
Discount rates (as a percent)	2.33%	2.97%	4.00%
Rates of increase in compensation levels (as a percent)	5.21%	4.01%	4.25%
Expected long term rates of return on assets (as a percent)	6.58%	7.14%	7.18%
Interest crediting rates for cash balance plans (as a percent)	5.00%	5.00%	5.00%
Other Postretirement Plans
Weighted average assumptions used to determine benefit obligations
Discount rates (as a percent)	2.01%	2.01%

Retirement Plans and Profit _10

Retirement Plans and Profit Sharing Arrangements - Pension Plan Assets Target Allocations (Details) - Pension Plans	12 Months Ended
	Dec. 31, 2021
Maximum
Defined Benefit Plan, Assets, Target Allocations
Actual allocations within target allocations (as a percent)	5.00%
Pension plans, excluding Threadneedle and BMO Financial Group plans | Equity securities
Defined Benefit Plan, Assets, Target Allocations
Target allocations (as a percent)	70.00%
Pension plans, excluding Threadneedle and BMO Financial Group plans | Debt securities
Defined Benefit Plan, Assets, Target Allocations
Target allocations (as a percent)	20.00%
Pension plans, excluding Threadneedle and BMO Financial Group plans | All other types of investments
Defined Benefit Plan, Assets, Target Allocations
Target allocations (as a percent)	10.00%
Threadneedle pension plans | Pooled equity securities
Defined Benefit Plan, Assets, Target Allocations
Target allocations (as a percent)	70.00%
Threadneedle pension plans | Pooled debt securities
Defined Benefit Plan, Assets, Target Allocations
Target allocations (as a percent)	30.00%
BMO Financial Group pension plans | Collective funds
Defined Benefit Plan, Assets, Target Allocations
Target allocations (as a percent)	90.00%
BMO Financial Group pension plans | Hedge fund investments
Defined Benefit Plan, Assets, Target Allocations
Target allocations (as a percent)	10.00%

Retirement Plans and Profit _11

Retirement Plans and Profit Sharing Arrangements - Pension Plan Assets Measured at Fair Value on a Recurring Basis (Details) - Pension Plans - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets		$ 1,583	$ 905	$ 838
Level 1
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets		205	300
Level 2
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets		21	21
Level 3
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets		41
U.S. large cap stocks | Total, Level 1, 2 and 3
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets			119
U.S. large cap stocks | Level 1
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets			119
U.S. small cap stocks | Total, Level 1, 2 and 3
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets		102	80
U.S. small cap stocks | Level 1
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets		102	80
Non-U.S. large cap stocks | Total, Level 1, 2 and 3
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets		41	36
Non-U.S. large cap stocks | Level 1
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets		41	36
U.S. investment grade bonds | Total, Level 1, 2 and 3
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets		66	68
U.S. investment grade bonds | Level 1
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets		45	47
U.S. investment grade bonds | Level 2
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets		21	21
Non-U.S. investment grade bonds | Total, Level 1, 2 and 3
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets		17	18
Non-U.S. investment grade bonds | Level 1
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets		17	18
Insurance contracts | Total, Level 1, 2 and 3
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets		41
Insurance contracts | Level 3
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets		41
Insurance contracts | Level 3 | Non-U.S. plans
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets		41
Cash equivalents | NAV
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets	[1]	20	25
Collective investment funds | NAV
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets	[1]	984	289
Real estate investment trusts | NAV
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets	[1]	24	20
Hedge funds | NAV
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets	[1]	62	32
Pooled pension funds at NAV | NAV
Pension plan assets measured at fair value on a recurring basis:
Fair value of plan assets	[1]	$ 226	$ 218
[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 _12

Retirement Plans and Profit Sharing Arrangements - Defined Benefit Plan Amounts in AOCI (Details) $ in Millions	Dec. 31, 2021USD ($)
Pension Plans
Amounts recognized in AOCI, net of tax
Unrecognized actuarial gain (loss)	$ (160)
Unrecognized prior service credit	9
Currency exchange rate adjustment	2
Other Postretirement Plans
Amounts recognized in AOCI, net of tax
Unrecognized actuarial gain (loss)	2
Unrecognized prior service credit	$ 0

Retirement Plans and Profit _13

Retirement Plans and Profit Sharing Arrangements - Expected Benefit Payments to Retirees (Details) $ in Millions	Dec. 31, 2021USD ($)
Pension Plans
Expected benefit payments to retirees
2022	$ 64
2023	79
2024	76
2025	79
2026	80
2027-2031	451
Expected employer contributions in next fiscal year	50
Other Postretirement Plans
Expected benefit payments to retirees
2022	2
2023	1
2024	1
2025	1
2026	1
2027-2031	5
Expected employer contributions in next fiscal year	$ 0

Retirement Plans and Profit _14

Retirement Plans and Profit Sharing Arrangements - Defined Contribution Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
U.S.
Defined contribution plans
Employer percentage match of eligible employee compensation	5.00%
Company contribution for employees not eligible for Retirement Plan	2.00%
Employer contribution requisite service period	60 days
Period of graded schedule for vesting of employer contributions	5 years
Defined contribution plan expense	$ 59	$ 55	$ 56
Plans outside the U.S.
Defined contribution plans
Defined contribution plan expense	$ 8	$ 7	$ 6

Commitments, Guarantees and C_3

Commitments, Guarantees and Contingencies - Funding Commitments (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Commitments
Funding commitments	$ 1,014	$ 399
Commercial mortgage loans
Commitments
Funding commitments	48	18
Affordable housing and other real estate partnerships
Commitments
Funding commitments	9	12
Property funds
Commitments
Funding commitments	38	17
Private funds
Commitments
Funding commitments		9
Pledged asset lines of credit
Commitments
Funding commitments	$ 919	342
Consumer lines of credit
Commitments
Funding commitments		$ 1

Commitments, Guarantees and C_4

Commitments, Guarantees and Contingencies - Guarantees and Guaranty Fund Assessments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Guaranty Fund Assessments
Estimated liability related to guaranty fund assessments	$ 12	$ 12
Related premium tax offset	$ 10	$ 10
Minimum
Loss contingencies
Minimum interest rate guarantees in fixed accounts	1.00%
Maximum
Loss contingencies
Minimum interest rate guarantees in fixed accounts	5.00%

Segment Information - Reportabl

Segment Information - Reportable Segments and Total Assets (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)segement	Dec. 31, 2020USD ($)
Reporting segments
Number of reporting segments | segement	4
Summary of assets by segment
Total assets	$ 175,979	$ 165,883
Advice and Wealth Management Segment
Summary of assets by segment
Total assets	24,986	21,266
Asset Management Segment
Summary of assets by segment
Total assets	10,990	8,406
Retirement and Protection Solutions Segment
Summary of assets by segment
Total assets	119,469	114,850
Corporate and Other Segment
Summary of assets by segment
Total assets	$ 20,534	$ 21,361

Segment Information - Net Reven

Segment Information - Net Revenues and Operating Earnings (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net revenues
Gain on disposal of business				$ 213
Total net revenues		$ 13,431	$ 11,899	12,967
Operating earnings
Pretax income		3,350	1,831	2,232
Advice and Wealth Management Segment
Net revenues
Total net revenues		6,978	5,782	5,675
Asset Management Segment
Net revenues
Total net revenues		3,632	2,838	2,858
Retirement and Protection Solutions Segment
Net revenues
Total net revenues		2,766	2,661	2,694
Corporate and Other Segment
Net revenues
Total net revenues		485	548	1,483
Reportable segments
Net revenues
Total net revenues		15,434	13,206	14,112
Operating earnings
Pretax income		3,304	2,129	2,608
Reportable segments | Advice and Wealth Management Segment
Net revenues
Total net revenues		8,021	6,675	6,599
Operating earnings
Pretax income		1,743	1,321	1,509
Reportable segments | Asset Management Segment
Net revenues
Total net revenues		3,682	2,891	2,913
Operating earnings
Pretax income		1,096	697	661
Reportable segments | Retirement and Protection Solutions Segment
Net revenues
Total net revenues		3,244	3,094	3,123
Operating earnings
Pretax income		735	480	724
Reportable segments | Corporate and Other Segment
Net revenues
Total net revenues		487	546	1,477
Operating earnings
Pretax income		(270)	(369)	(286)
Intersegment eliminations
Net revenues
Total net revenues	[1]	(1,573)	(1,377)	(1,402)
Intersegment eliminations | Advice and Wealth Management Segment
Net revenues
Total net revenues		(1,043)	(893)	(924)
Intersegment eliminations | Asset Management Segment
Net revenues
Total net revenues		(50)	(53)	(55)
Intersegment eliminations | Retirement and Protection Solutions Segment
Net revenues
Total net revenues		(478)	(433)	(429)
Intersegment eliminations | Corporate and Other Segment
Net revenues
Total net revenues		(2)	2	6
Segment reconciling items
Net revenues
Net realized gains (losses)		90	(11)	(14)
Revenue attributable to consolidated investment entities		107	71	88
Market impact on non-traditional long-duration products, net (revenues)		38	10
Mean reversion related impacts, net revenue		1
Market impact on hedges on investments		(22)		(35)
Block transfer reinsurance transaction impacts		(644)		8
Integration and restructuring charges				(3)
Gain on disposal of business				213
Total net revenues		(430)	70	257
Operating earnings
Net realized gains (losses)		87	(10)	(12)
Net income (loss) attributable to consolidated investment entities		(4)	4	1
Market impact on non-traditional long-duration products, net		(656)	(375)	(591)
Mean reversion related impacts		152	87	57
Market impact of hedges on investments		(22)		(35)
Block transfer reinsurance transaction impacts		521		8
Integration and restructuring charges		(32)	(4)	(17)
Gain on disposal of business				213
Total Segments after intersegment eliminations | Reportable segments
Net revenues
Total net revenues		$ 13,861	$ 11,829	$ 12,710
[1]	Represents the elimination of intersegment revenues recognized for the years ended December 31, 2021, 2020 and 2019 in each segment as follows: Advice and Wealth Management ($1,043, $893 and $924, respectively); Asset Management ($50, $53 and $55, respectively); Retirement & Protection Solutions ($478, $433 and $429, respectively); and Corporate & Other ($2, $(2) and $(6), respectively).

SCHEDULE I - CONDENSED FINANC_3

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Parent Company Only) - Statement of Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues
Net investment income	$ 1,683	$ 1,251	$ 1,463
Other revenues	382	283	269
Gain on disposal of business			213
Total revenues	13,443	11,958	13,103
Banking and deposit interest expense	12	59	136
Total net revenues	13,431	11,899	12,967
Expenses
Benefits, claims, losses and settlement expenses	716	1,806	2,576
Distribution expenses	5,015	4,059	3,810
Interest and debt expense	191	162	214
General and administrative expense	3,435	3,120	3,287
Total expenses	10,081	10,068	10,735
Income tax benefit	590	297	339
Net income	2,760	1,534	1,893
Other comprehensive income (loss), net of tax	(626)	367	553
Total comprehensive income	2,134	1,901	2,446
Ameriprise Financial, Inc.
Revenues
Revenues - Management and financial advice fees			(1)
Net investment income	27	23	9
Other revenues	9	15	14
Gain on disposal of business			213
Total revenues	36	38	235
Banking and deposit interest expense	2	3	9
Total net revenues	34	35	226
Expenses
Benefits, claims, losses and settlement expenses			49
Distribution expenses	7	12	24
Interest and debt expense	102	105	126
General and administrative expense	258	198	244
Total expenses	367	315	443
Pretax loss before equity in earnings of subsidiaries	(333)	(280)	(217)
Income tax benefit	157	(87)	(38)
Loss before equity in earnings of subsidiaries	(490)	(193)	(179)
Equity in earnings of subsidiaries	3,250	1,727	2,072
Net income	2,760	1,534	1,893
Other comprehensive income (loss), net of tax	(626)	367	553
Total comprehensive income	$ 2,134	$ 1,901	$ 2,446

SCHEDULE I - CONDENSED FINANC_4

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Parent Company Only) - Balance Sheet (Details ) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Assets
Land, buildings, equipment and software, net of accumulated depreciation of $952 and $1,168, respectively	$ 590	$ 602
Total assets	175,979	165,883
Liabilities:
Accounts payable and accrued liabilities	2,527	1,998
Total liabilities	170,294	160,016
Shareholders' Equity:
Common Stock, Value, Issued	3	3
Additional paid-in capital	9,220	8,822
Retained earnings	17,525	15,292
Treasury shares, at cost (223,967,107 and 215,624,519 shares, respectively)	(21,066)	(18,879)
Accumulated other comprehensive income, net of tax, including amounts applicable to equity investment in subsidiaries	3	629
Total equity	5,685	5,867	$ 5,729	$ 5,588
Total liabilities and equity	175,979	165,883
Ameriprise Financial, Inc.
Assets
Cash and cash equivalents	827	1,071
Investments	905	877
Loans to subsidiaries	483	247
Due from subsidiaries	242	497
Receivables	4	2
Land, buildings, equipment and software, net of accumulated depreciation of $952 and $1,168, respectively	193	208
Investment in subsidiaries	7,010	7,153
Other assets	1,308	1,334
Total assets	10,972	11,389
Liabilities:
Accounts payable and accrued liabilities	1,118	936
Due to subsidiaries	83	60
Borrowings from subsidiaries	446	494
Long-term debt	2,829	2,831
Other liabilities	811	1,201
Total liabilities	5,287	5,522
Shareholders' Equity:
Common Stock, Value, Issued	3	3
Additional paid-in capital	9,220	8,822
Retained earnings	17,525	15,292
Treasury shares, at cost (223,967,107 and 215,624,519 shares, respectively)	(21,066)	(18,879)
Accumulated other comprehensive income, net of tax, including amounts applicable to equity investment in subsidiaries	3	629
Total equity	5,685	5,867
Total liabilities and equity	$ 10,972	$ 11,389

SCHEDULE I - CONDENSED FINANC_5

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Parent Company Only) - Balance Sheet - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Accumulated depreciation	$ 2,000	$ 1,900
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	334,828,117	332,390,132
Treasury shares	223,967,107	215,624,519
Ameriprise Financial, Inc.
Accumulated depreciation	$ 973	$ 929

SCHEDULE I - CONDENSED FINANC_6

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Parent Company Only) - Statement of Cash Flows (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash Flows from Operating Activities
Net income	$ 2,760	$ 1,534	$ 1,893
Gain on disposal of business before affinity partner payment			(313)
Net Cash Provided by (Used in) Operating Activities	3,325	4,623	2,341
Available-for-Sale securities:
Proceeds from sales	556	1,708	242
Maturities, sinking fund payments and calls	11,501	9,554	8,202
Purchases	(14,718)	(13,525)	(11,911)
Payments to Acquire Other Investments	(97)	(284)	(288)
Purchase of land, buildings, equipment and software	(120)	(147)	(143)
Other, net	(10)	17	(115)
Net cash (used in) provided by investing activities	(4,380)	(2,894)	(3,234)
Cash Flows from Financing Activities
Dividends paid to shareholders	(511)	(497)	(504)
Repurchase of common shares	(2,030)	(1,441)	(1,943)
Cash paid for purchased options with deferred premiums	(156)	(211)	(396)
Repayments of long-term debt	(9)	(762)	(313)
Exercise of stock options	1	3	3
Other, net	(14)	(10)	1
Net cash provided by (used in) financing activities	1,723	952	1,214
Net increase (decrease) in cash and cash equivalents, including amounts restricted	666	2,690	330
Cash and cash equivalents, including amounts restricted at beginning of period	8,903	6,213	5,883
Cash and cash equivalents, including amounts restricted at end of period	9,569	8,903	6,213
Supplemental Disclosures:
Income taxes paid (received), net	986	236	609
Ameriprise Financial, Inc.
Cash Flows from Operating Activities
Net income	2,760	1,534	1,893
Equity in earnings of subsidiaries	(3,250)	(1,727)	(2,072)
Dividends received from subsidiaries	4,027	2,018	2,721
Gain on disposal of business before affinity partner payment			(313)
Other operating activities, primarily with subsidiaries	343	282	596
Net Cash Provided by (Used in) Operating Activities	3,880	2,107	2,825
Available-for-Sale securities:
Proceeds from sales		922
Maturities, sinking fund payments and calls	93	161	204
Purchases	(82)	(15)	(1,153)
Proceeds from sale of other investments	1		6
Payments to Acquire Other Investments	(16)	(12)	(12)
Proceeds from sale of land, buildings, equipment and software	1	2
Purchase of land, buildings, equipment and software	(28)	(54)	(42)
Proceeds from disposal of business			1,138
Contributions to subsidiaries	(1,291)	(416)	(368)
Return of capital from subsidiaries	39	131	18
Repayment of loans from subsidiaries	2,701	3,288	2,468
Issuance of loans to subsidiaries	(2,937)	(3,174)	(2,457)
Acquisition of surplus loans to subsidiaries		(500)
Other, net	0		(65)
Net cash (used in) provided by investing activities	(1,519)	333	(263)
Cash Flows from Financing Activities
Dividends paid to shareholders	(511)	(497)	(504)
Repurchase of common shares	(2,030)	(1,441)	(1,943)
Cash paid for purchased options with deferred premiums			(107)
Issuance of long-term debt, net of issuance costs	4	496	497
Repayments of long-term debt	(9)	(762)	(313)
Borrowings from subsidiaries	244	871	132
Repayments of borrowings from subsidiaries	(403)	(751)	(79)
Exercise of stock options	1	3	3
Other, net	99	(18)	6
Net cash provided by (used in) financing activities	(2,605)	(2,099)	(2,308)
Net increase (decrease) in cash and cash equivalents, including amounts restricted	(244)	341	254
Cash and cash equivalents, including amounts restricted at beginning of period	1,071	730	476
Cash and cash equivalents, including amounts restricted at end of period	827	1,071	730
Supplemental Disclosures:
Interest paid on debt	95	107	123
Income taxes paid (received), net	173	$ 26	(109)
Non-cash dividends from subsidiaries			$ 81
Non-cash contributions to subsidiaries	$ 52

SCHEDULE I - CONDENSED FINANC_7

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Parent Company Only) - Notes - Investments (Details) - Ameriprise Financial, Inc. - Subsidiaries - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 23, 2020
RVSL Unsecured surplus note due December 31, 2050
Investments
Investment in note				$ 500
Investment Interest Rate				3.50%
RVSL Unsecured surplus note due December 31, 2050 | Net investment income
Investments
Interest income	$ 17
RVSL Unsecured surplus note due December 31, 2050 | Investments
Investments
Investment in note	500	$ 500
Residual Tranche of Ameriprise Advisor Financing asset backed security structure | Net investment income
Investments
Interest income	7	6	$ 6
Residual Tranche of Ameriprise Advisor Financing asset backed security structure | Investments
Investments
Investment in security of subsidiary	$ 100	$ 90

SCHEDULE I - CONDENSED FINANC_8

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Parent Company Only) - Notes - Debt and Borrowings (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Debt
Borrowings from Federal Home Loan Bank	$ 200	$ 200
Debt
Finance lease liabilities	40	44
Ameriprise Financial, Inc.
Borrowings from Subsidiaries
Borrowings from subsidiaries	446	494
Ameriprise Financial, Inc. | Subsidiaries | Subsidiary intercompany lending arrangements
Borrowings from Subsidiaries
Borrowings from subsidiaries	431	334
Ameriprise Financial, Inc. | Subsidiaries | Revolving credit borrowing agreements with subsidiaries
Borrowings from Subsidiaries
Current borrowing capacity	1,400	1,300
Borrowings from subsidiaries	15	$ 172
Subsidiaries
Debt
Finance lease liabilities	$ 3

SCHEDULE I - CONDENSED FINANC_9

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Parent Company Only) - Notes - Guarantees, Commitments and Contingencies (Details) - Ameriprise Financial, Inc. - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Jan. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Guarantees, Commitments and Contingencies
Loan to subsidiary		$ 483	$ 247
Subsidiaries | Revolving credit lending agreements with subsidiaries
Guarantees, Commitments and Contingencies
Revolving credit agreement lending commitment		366	366
Loan to subsidiary		243	$ 0
Subsidiaries | Ameriprise Certificate Company Capital Support Agreement
Guarantees, Commitments and Contingencies
Maximum commitment under Capital Support Agreement		50
Subsidiaries | AFS Financial Industry Regulatory Authority approved subordinated loan agreement
Guarantees, Commitments and Contingencies
Face amount of borrowing arrangement		200
Subsidiaries | AEIS FINRA approved subordinated loan agreement
Guarantees, Commitments and Contingencies
Loan to subsidiary		$ 60
Loan to subsidiary term		5 years
Loan to subsidiary, renewal option term		1 year
Loan to subsidiary renewal term	1 year

SCHEDULE I - CONDENSED FINAN_10

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Parent Company Only) - Notes - Subsequent Event (Details) $ in Millions	Feb. 23, 2022USD ($)
Subsequent event | Expected | Subsidiaries | RiverSource Life Insurance Company
Subsequent event
Cash dividend declared	$ 300