Ameriprise Financial (AMP) 10-Q 2 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	Apr. 21, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
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 $0.01 per share)
Trading Symbol	AMP
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		104,178,786
Entity Central Index Key	0000820027
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	[1]
Revenues
Net investment income	$ 698	$ 261
Premiums, policy and contract charges	362	338
Other revenues	131	123
Total revenues	3,845	3,627
Banking and deposit interest expense	103	2
Total net revenues	3,742	3,625
Benefits and expenses
Distribution expenses	1,226	1,300
Interest credited to fixed accounts	164	141
Benefits, claims, losses and settlement expenses	301	32
Remeasurement (gains) losses of future policy benefit reserves	(5)	(6)
Change in fair value of market risk benefits	489	100
Amortization of deferred acquisition costs	62	65
Interest and debt expense	72	40
General and administrative expense	937	947
Total benefits and expenses	3,246	2,619
Pretax income	496	1,006
Income tax provision	79	181
Net income	$ 417	$ 825
Earnings per share
Basic (in dollars per share)	$ 3.86	$ 7.26
Diluted (in dollars per share)	$ 3.79	$ 7.10
Management and financial advice fees
Revenues
Revenue from contracts with customers	$ 2,137	$ 2,459
Distribution fees
Revenues
Revenue from contracts with customers	$ 517	$ 446
[1]Certain prior period amounts have been restated. See Note 3 for more information.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 417	$ 825	[1]
Other comprehensive income (loss), net of tax:
Net unrealized gains (losses) on securities	430	(1,220)	[2]
Net unrealized gains (losses) on derivatives	2	1	[2]
Effect of changes in discount rate assumptions on certain long-duration contracts	(65)	362	[2]
Effect of changes in instrument-specific credit risk on market risk benefits	161	303	[2]
Foreign currency translation adjustment	33	(46)	[2]
Total other comprehensive income (loss), net of tax	561	(600)	[2]
Total comprehensive income (loss)	$ 978	$ 225	[2]
[1]Certain prior period amounts have been restated. See Note 3 for more information.[2]Certain prior period amounts have been restated. See Note 3 for more information.

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Assets
Market risk benefits	$ 990	$ 1,015	[1]
Separate account assets	75,941	73,962	[1]
Deferred acquisition costs	2,754	2,777	[1]
Restricted and segregated cash, cash equivalents and investments	1,984	2,229	[1]
Total assets	166,640	158,852	[1]
Liabilities:
Policyholder account balances, future policy benefits and claims	34,932	34,132	[1]
Market risk benefits	2,123	2,118	[1]
Separate account liabilities	75,941	73,962	[1]
Customer deposits	33,944	30,775	[1]
Short-term borrowings	201	201	[1]
Accounts payable and accrued expenses	2,027	2,242	[1]
Total liabilities	162,496	155,049	[1]
Equity:
Common shares ($0.01 par value; shares authorized, 1,250,000,000; shares issued, 336,330,949 and 335,864,062, respectively)	3	3	[1]
Additional paid-in capital	9,612	9,517	[1]
Retained earnings	20,197	19,918	[1]
Treasury shares, at cost (231,974,515 and 230,585,072 shares, respectively)	(23,683)	(23,089)	[1]
Accumulated other comprehensive income (loss), net of tax	(1,985)	(2,546)	[1]
Total equity	4,144	3,803	[1]
Total liabilities and equity	166,640	158,852	[1]
Ameriprise Financial
Assets
Cash and cash equivalents	8,386	6,964	[1]
Investments	48,608	44,524	[1]
Receivables	15,378	15,595	[1]
Other assets	10,119	9,277	[1]
Liabilities:
Short-term borrowings	201	201
Long-term debt	3,560	2,821	[1]
Other liabilities	7,315	6,316	[1]
Consolidated investment entities
Assets
Cash and cash equivalents	162	133	[1]
Investments	2,294	2,354	[1]
Receivables	23	20	[1]
Other assets	1	2	[1]
Liabilities:
Long-term debt	2,367	2,363	[1]
Other liabilities	$ 86	$ 119	[1]
[1]Certain prior period amounts have been restated. See Note 3 for more information.

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Equity:
Common shares, par value (in dollars per share)	$ 0.01	$ 0.01
Common shares, authorized (in shares)	1,250,000,000	1,250,000,000
Common shares, issued (in shares)	336,330,949	335,864,062
Treasury shares (in shares)	231,974,515	230,585,072
Ameriprise Financial
Assets
Investments, allowance for credit losses	$ 44	$ 39
Receivables, allowance for credit losses	$ 73	$ 75

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED) - USD ($) $ in Millions		Total		Common Shares	Additional Paid-In Capital	Retained Earnings	Treasury Shares	Accumulated Other Comprehensive Income (Loss)
Increase (decrease) in stockholders' equity
Net income		$ 3,417
Ending balance (in shares) at Dec. 31, 2021	[1]			110,861,010
Ending balance at Dec. 31, 2021	[1]	4,837		$ 3	$ 9,220	$ 17,322	$ (21,066)	$ (642)
Increase (decrease) in stockholders' equity
Net income		825	[2]			825
Other comprehensive income (loss), net of tax		(600)	[3]					(600)
Dividends to shareholders		(133)				(133)
Repurchase of common shares (in shares)				(1,930,235)
Repurchase of common shares		(579)					(579)
Share-based compensation plans (in shares)				1,215,195
Share-based compensation plans		174			128		46
Ending balance (in shares) at Mar. 31, 2022				110,145,970
Ending balance at Mar. 31, 2022		4,524		$ 3	9,348	18,014	(21,599)	(1,242)
Beginning balance (in shares) at Dec. 31, 2021	[1]			110,861,010
Beginning balance at Dec. 31, 2021	[1]	4,837		$ 3	9,220	17,322	(21,066)	(642)
Increase (decrease) in stockholders' equity
Net income		3,149
Ending balance (in shares) at Dec. 31, 2022				105,278,990
Ending balance at Dec. 31, 2022		3,803	[4]	$ 3	9,517	19,918	(23,089)	(2,546)
Increase (decrease) in stockholders' equity
Net income		417				417
Other comprehensive income (loss), net of tax		561						561
Dividends to shareholders		(138)				(138)
Repurchase of common shares (in shares)				(2,011,353)
Repurchase of common shares		(657)					(657)
Share-based compensation plans (in shares)				1,088,797
Share-based compensation plans		158			95		63
Ending balance (in shares) at Mar. 31, 2023				104,356,434
Ending balance at Mar. 31, 2023		$ 4,144		$ 3	$ 9,612	$ 20,197	$ (23,683)	$ (1,985)
[1]Certain prior period amounts have been restated. See Note 3 for more information.[2]Certain prior period amounts have been restated. See Note 3 for more information.[3]Certain prior period amounts have been restated. See Note 3 for more information.[4]Certain prior period amounts have been restated. See Note 3 for more information.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	3 Months Ended			12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022		Dec. 31, 2022		Dec. 31, 2021
Cash Flows from Operating Activities
Net income	$ 417	$ 825	[1]	$ 3,149		$ 3,417
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation, amortization and accretion, net	(35)	(12)	[2]
Deferred income tax expense (benefit)	(48)	171	[2]
Share-based compensation	46	44	[2]
Net realized investment gains	(7)	(18)	[2]
Net trading (gains) losses	(9)	0	[2]
Loss from equity method investments	11	12	[2]
Impairments and provision for loan and credit losses	5	0	[2]
Net (gains) losses of consolidated investment entities	6	3	[2]
Changes in operating assets and liabilities:
Restricted and segregated investments	(123)	(124)	[2]
Deferred acquisition costs	23	15	[2]
Policyholder account balances, future policy benefits and claims, and market risk benefits, net	1,073	(236)	[2]
Derivatives, net of collateral	(242)	(4)	[2]
Receivables	256	(96)	[2]
Brokerage deposits	(314)	120	[2]
Accounts payable and accrued expenses	(219)	(461)	[2]
Current income tax, net	80	(27)	[2]
Deferred taxes, net	7	2	[2]
Other operating assets and liabilities of consolidated investment entities, net	(6)	8	[2]
Other, net	135	187	[2]
Net cash provided by (used in) operating activities	1,056	409	[2]
Available-for-Sale securities:
Proceeds from sales	313	0	[2]
Maturities, sinking fund payments and calls	1,464	2,209	[2]
Purchases	(5,098)	(3,972)	[2]
Proceeds from sales, maturities and repayments of mortgage loans	41	32	[2]
Funding of mortgage loans	(52)	(51)	[2]
Proceeds from sales, maturities and collections of other investments	31	15	[2]
Purchase of other investments	(24)	(5)	[2]
Purchase of investments by consolidated investment entities	(122)	(190)	[2]
Proceeds from sales, maturities and repayments of investments by consolidated investment entities	182	183	[2]
Purchase of land, buildings, equipment and software	(41)	(44)	[2]
Cash paid for written options with deferred premiums	(59)	0	[2]
Cash received from written options with deferred premiums	24	12	[2]
Cash paid for deposit receivables	(10)	(12)	[2]
Cash received for deposit receivables	210	134	[2]
Other, net	(5)	24	[2]
Net cash provided by (used in) investing activities	(3,146)	(1,665)	[2]
Investment certificates:
Proceeds from additions	3,590	733	[2]
Maturities, withdrawals and cash surrenders	(1,822)	(835)	[2]
Policyholder account balances:
Deposits and other additions	339	285	[2]
Net transfers from (to) separate accounts	(19)	(57)	[2]
Surrenders and other benefits	(569)	(328)	[2]
Change in banking deposits, net	1,702	1,802	[2]
Cash paid for purchased options with deferred premiums	(24)	(71)	[2]
Cash received from purchased options with deferred premiums	8	168	[2]
Issuance of long-term debt, net of issuance costs	741	0	[2]
Repayments of long-term debt	(2)	(502)	[2]
Dividends paid to shareholders	(134)	(129)	[2]
Repurchase of common shares	(617)	(541)	[2]
Repayments of debt by consolidated investment entities	(31)	(1)	[2]
Other, net	0	(6)	[2]
Net cash provided by (used in) financing activities	3,162	518	[2]
Effect of exchange rate changes on cash	11	(20)	[2]
Net increase (decrease) in cash and cash equivalents, including amounts restricted	1,083	(758)	[2]
Cash and cash equivalents, including amounts restricted, at beginning of period	8,755	9,569	[2]	9,569	[2]
Cash and cash equivalents, including amounts restricted, at end of period	9,838	8,811	[2]	8,755		9,569	[2]
Supplemental Disclosures:
Income taxes paid, net	33	34	[2]
Leased assets obtained in exchange for operating lease liabilities	7	13	[2]
Reconciliation of cash and cash equivalents, including amounts restricted:
Restricted and segregated cash, cash equivalents and investments	1,984			2,229	[3]
Less: Restricted and segregated investments	(694)			(571)
Total cash and cash equivalents including amounts restricted	9,838	8,811	[2]	8,755		$ 9,569	[2]
Ameriprise Financial
Supplemental Disclosures:
Interest paid	112	27	[2]
Reconciliation of cash and cash equivalents, including amounts restricted:
Cash and cash equivalents	8,386			6,964	[3]
Consolidated investment entities
Supplemental Disclosures:
Interest paid	44	$ 13	[2]
Reconciliation of cash and cash equivalents, including amounts restricted:
Cash and cash equivalents	$ 162			$ 133	[3]
[1]Certain prior period amounts have been restated. See Note 3 for more information.[2]Certain prior period amounts have been restated. See Note 3 for more information.[3]Certain prior period amounts have been restated. See Note 3 for more information.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Ameriprise Financial, Inc. is a holding company, which primarily conducts business through its subsidiaries to provide financial planning, products and services that are designed to be utilized as solutions for clients’ cash and liquidity, asset accumulation, income, protection and estate and wealth transfer needs. The foreign operations of Ameriprise Financial, Inc. are conducted primarily through 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. The interim financial information in this report has not been audited. In the opinion of management, all adjustments necessary for fair statement of the consolidated results of operations and financial position for the interim periods have been made. All adjustments made were of a normal recurring nature. The accompanying Consolidated Financial Statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). Results of operations reported for interim periods are not necessarily indicative of results for the entire year. These Consolidated Financial Statements and Notes should be read in conjunction with the Consolidated Financial Statements and Notes in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, filed with the Securities and Exchange Commission (“SEC”) on February 23, 2023 (“2022 10-K”). The Company evaluated events or transactions that may have occurred after the balance sheet date for potential recognition or disclosure through the date the financial statements were issued. No subsequent events or transactions requiring recognition or disclosure were identified.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The Company adopted accounting standard, Financial Services – Insurance – Targeted Improvements to the Accounting for Long-Duration Contracts , on January 1, 2023. The significant accounting policies for market risk benefits (“MRB”); deferred acquisition costs (“DAC”); deferred sales inducement costs (“DSIC”); reinsurance; policyholder account balances, future policy benefits and claims; and unearned revenue liability were added or updated as a result of adopting the new accounting standard. See Note 3 for additional information related to the transition approach and adoption impact. Amounts Based on Estimates and Assumptions Accounting estimates are an integral part of the Consolidated Financial Statements. In part, they are based upon assumptions concerning future events. Among the more significant are those that relate to investment securities valuation and the recognition of credit losses or impairments, valuation of derivative instruments, litigation reserves, future policy benefits, market risk benefits, and income taxes and the recognition of deferred tax assets and liabilities. These accounting estimates reflect the best judgment of management and actual results could differ. Market Risk Benefits Market risk benefits are contracts or contract features that both provide protection to the contractholder from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. Market risk benefits include certain contract features on variable annuity products that provide minimum guarantees to contractholders. Guarantees accounted for as market risk benefits include guaranteed minimum death benefits (“GMDB”), guaranteed minimum income benefits (“GMIB”), guaranteed minimum withdrawal benefits (“GMWB”) and guaranteed minimum accumulation benefits (“GMAB”). If a contract contains multiple market risk benefits, those market risk benefits are bundled together as a single compound market risk benefit. Market risk benefits are measured at fair value, at the individual contract level, using a non-option-based valuation approach or an option-based valuation approach dependent upon the fee structure of the contract. Changes in fair value are recognized in net income each period with the exception of the portion of the change in fair value due to a change in the instrument-specific credit risk, which is recognized in other comprehensive income (“OCI”). Deferred Acquisition Costs The Company incurs costs in connection with acquiring new and renewal insurance and annuity businesses. The portion of these costs which are incremental and direct to the acquisition of a new or renewal insurance policy or annuity contract are deferred. Significant costs capitalized include sales based compensation related to the acquisition of new and renewal insurance policies and annuity contracts, medical inspection costs for successful sales, and a portion of employee compensation and benefit costs based upon the amount of time spent on successful sales. Sales based compensation paid to advisors and employees and third-party distributors is capitalized. Employee compensation and benefits costs which are capitalized relate primarily to sales efforts, underwriting and processing. All other costs which are not incremental direct costs of acquiring an insurance policy or annuity contract are expensed as incurred. The DAC associated with insurance policies or annuity contracts that are significantly modified or internally replaced with another contract are accounted for as write-offs. These transactions are anticipated in establishing amortization periods and other valuation assumptions. The Company monitors other DAC amortization assumptions, such as persistency, mortality, morbidity, and variable annuity benefit utilization each quarter and, when assessed independently, each could impact the Company’s DAC balances. Unamortized DAC is reduced for actual experience in excess of expected experience. The analysis of DAC balances and the corresponding amortization considers all relevant factors and assumptions described previously. Unless the Company’s management identifies a significant deviation over the course of the quarterly monitoring, management reviews and updates these DAC amortization assumptions annually in the third quarter of each year. DAC is amortized on a constant-level basis for the grouped contracts over the expected contract term to approximate straight-line amortization. Contracts are grouped by contract type and issue year into cohorts consistent with the grouping used in estimating the associated liability for future policy benefits. DAC related to all long-duration product types (except for life contingent payout annuities) is grouped on a calendar-year annual basis for each legal entity. Further disaggregation is reported for any contracts that include an additional liability for death or other insurance benefit. DAC related to life contingent payout annuities is grouped on a calendar-year annual basis for each legal entity for policies issued prior to 2021 and on a quarterly basis for each legal entity thereafter. DAC related to annuity products (including variable deferred annuities, structured variable annuities, fixed deferred annuities, and life contingent payout annuities) is amortized based on initial premium. DAC related to life insurance products (including universal life (“UL”) insurance, variable universal life (“VUL”) insurance, indexed universal life (“IUL”) insurance, term life insurance, and whole life insurance) are amortized based on original specified amount (i.e., face amount). DAC related to disability income (“DI”) insurance is amortized based on original monthly benefit. The accounting contract term for annuity long-duration products (except for life contingent payout annuities) is over the projected accumulation period. Life contingent payout annuities are amortized over the period which annuity payments are expected to be paid. The accounting contract term for life insurance long-duration products is over the projected life of the contract. DI insurance is amortized over the projected life of the contract, including the claim paying period. Deferred Sales Inducement Costs Deferred sales inducements are contract features that are intended to attract new customers or to persuade existing customers to keep their current policy. Sales inducement costs consist of bonus interest credits and premium credits added to certain annuity contract and insurance policy values. These benefits are capitalized to the extent they are incremental to amounts that would be credited on similar contracts without the applicable feature. The amounts capitalized are amortized 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 The Company cedes insurance risk to other insurers under reinsurance agreements. Reinsurance premiums paid and benefits received are accounted for consistently with the basis used in accounting for the policies from which risk is reinsured and consistently with the terms of the reinsurance contracts. Reinsurance premiums paid for traditional life, long term care (“LTC”), 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. Reinsurance recoveries are reported as components of Benefits, claims, losses and settlement expenses. 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 and amortized based on estimated gross profits over the period the reinsured policies are in-force. Changes in the net cost of reinsurance are reflected as a component of Premiums, policy and contract charges. Insurance liabilities are reported before the effects of reinsurance. Policyholder account balances, future policy benefits and claims recoverable under reinsurance contracts are recorded within 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 that the Company has no actual history of losses and that industry data may contain non-life insurers. This evaluation is inherently subjective as it requires estimates, which may be susceptible to significant change given the long-term nature of these receivables. In addition, the Company has a reinsurance protection agreement that provides credit protections for its reinsured 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. 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. Non-Traditional Long-Duration Products The liabilities for non-traditional long-duration products include fixed account values on variable and fixed annuities and UL and VUL policies, non-life contingent payout annuities, liabilities for guaranteed benefits associated with variable annuities (including structured variable annuities) and embedded derivatives for structured variable annuities, indexed annuities, and IUL products. Liabilities for fixed account values on variable annuities, structured variable annuities, fixed deferred annuities, and UL and VUL policies are equal to accumulation values, which are the cumulative gross deposits and credited interest less withdrawals and various charges. The liability for non-life contingent payout annuities is recognized as the present value of future payments using the effective yield at inception of the contract. A portion of the Company’s UL and VUL policies have product features that result in profits followed by losses from the insurance component of the contract. These profits followed by losses can be generated by the cost structure of the product or secondary guarantees in the contract. The secondary guarantee ensures that, subject to specified conditions, the policy will not terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly deductions and charges. The liability for these future losses is determined at the reporting date by estimating the death benefits in excess of account value and recognizing the excess over the estimated life based on expected assessments (e.g. cost of insurance charges, contractual administrative charges, similar fees and investment margin). See Note 9 for information regarding the liability for contracts with secondary guarantees. Liabilities for fixed deferred indexed annuity, structured variable annuity and IUL products are equal to the accumulation of host contract values, guaranteed benefits, and the fair value of embedded derivatives. See Note 11 for information regarding variable annuity guarantees. Embedded Derivatives The fair value of embedded derivatives related to structured variable annuities, indexed annuities and IUL fluctuate based on equity markets and interest rates and the estimate of the Company’s nonperformance risk and is recorded in Policyholder Account balances, Future Policy Benefits and Claims Liabilities. See Note 13 for information regarding the fair value measurement of embedded derivatives. Traditional Long-Duration Products The liabilities for traditional long-duration products include cash flows related to unpaid amounts on reported claims, estimates of benefits payable on claims incurred but not yet reported and estimates of benefits that will become payable on term life, whole life, DI, LTC, and life contingent payout annuity policies as claims are incurred in the future. The claim liability (also referred to as disabled life reserves) is presented together as one liability for future policy benefits. A liability for future policy benefits, which is the present value of estimated future policy benefits to be paid to or on behalf of policyholders and certain related expenses less the present value of estimated future net premiums to be collected from policyholders, is accrued as premium revenue is recognized. Expected insurance benefits are accrued over the life of the contract in proportion to premium revenue recognized (referred to as the net premium approach). The net premium ratio reflects cash flows from contract inception to contract termination (i.e., through the claim paying period) and cannot exceed 100%. Assumptions utilized in the net premium approach, including mortality, morbidity, and terminations, are reviewed as part of experience studies at least annually or more frequently if suggested by evidence. Expense assumptions and actual expenses are updated within the net premium calculation consistent with other policyholder assumptions. The updated cash flows used in the calculation are discounted using a forward rate curve. The discount rate represents an upper-medium-grade (i.e., low credit risk) fixed-income instrument yield (i.e., an A rating) that reflects the duration characteristics of the liability. Discount rates will be locked in annually, at the end of each year for all products, except life contingent payout annuities, and calculated as the monthly average discount rate curves for the year. For life contingent payout annuities, the discount rates will be locked in quarterly, at the end of each quarter based on the average of the three months for the quarter.  The liability for future policy benefits will be updated for actual experience at least on an annual basis and concurrent with changes to cash flow assumptions. When net premiums are updated for cash flow changes, the estimated cash flows over the entire life of a group of contracts are updated using historical experience and updated future cash flow assumptions. The revised net premiums are used to calculate an updated liability for future policy benefits as of the beginning of the reporting period, discounted at the original locked in rate (i.e., contract issuance rate). The updated liability for future policy benefits as of the beginning of the reporting period is then compared with the carrying amount of the liability as of that date prior to updating cash flow assumptions to determine the current period remeasurement gain or loss reflected in current period earnings. The revised net premiums are then applied as of the beginning of the quarter to calculate the benefit expense for the current reporting period. The difference between the updated carrying amount of the liability for future policy benefits measured using the current discount rate assumption and the original discount rate assumption is recognized in other comprehensive income. The interest accretion rate remains the original discount rate used at contract issue date. If the updating of cash flow assumptions results in the present value of future benefits and expenses exceeding the present value of future gross premiums, a charge to net income is recorded for the current reporting period such that net premiums are set equal to gross premiums. In subsequent periods, the liability for future policy benefits is accrued with net premiums set equal to gross premiums. Contracts (except for life contingent payout annuities sold subsequent to December 31, 2020) are grouped into cohorts by contract type and issue year, as well as by legal entity and reportable segment. Life contingent payout annuities sold in periods beginning in 2021 are grouped into quarterly cohorts. See Note 9 for information regarding the liabilities for traditional long-duration products. Deferred Profit Liability For limited-payment products, gross premiums received in excess of net premiums are deferred at initial recognition as a deferred profit liability (“DPL”). Gross premiums are measured using assumptions consistent with those used in the measurement of the liability for future policy benefits, including discount rate, mortality, lapses and expenses. The DPL is amortized and recognized as premium revenue in proportion to expected future benefit payments from annuity contracts. Interest is accreted on the balance of the DPL using the discount rate determined at contract issuance. The Company reviews and updates its estimate of cash flows from the DPL at the same time as the estimates of cash flows for the liability for future policy benefits. When cash flows are updated, the updated estimates are used to recalculate the DPL at contract issuance. The recalculated DPL as of the beginning of the current reporting period is compared to the carrying amount of the DPL as of the beginning of the current reporting period, and any difference is recognized as either a charge or credit to premium revenue. DPL is recorded in Policyholder account balances, future policy benefits and claims and included as a reconciling item within the disaggregated rollforwards. Unearned Revenue Liability The Company’s UL and VUL policies require payment of fees or other policyholder assessments in advance for services to be provided in future periods. These charges are deferred as unearned revenue and amortized consistent with DAC amortization factors. The unearned revenue liability is recorded in Other liabilities and the amortization is recorded in Premiums, policy and contract charges. For clients who pay financial planning fees prior to the advisor’s delivery of the financial plan, the financial planning fees received in advance are deferred until the plan is delivered to the client.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adoption of New Accounting Standards Financial Instruments – Credit Losses – Troubled Debt Restructurings and Vintage Disclosures In March 2022, the Financial Accounting Standards Board (“FASB”) proposed amendments to Accounting Standards Update (“ASU”) 2016-13, Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments (“Topic 326”). The update removes the recognition and measurement guidance for Troubled Debt Restructurings (“TDRs”) by creditors in Subtopic 310-40, Receivables—Troubled Debt Restructurings by Creditors, and modifies the disclosure requirements for certain loan refinancing and restructuring by creditors when a borrower is experiencing financial difficulty. Rather than applying the recognition and measurement for TDRs, an entity must apply the loan refinancing and restructuring guidance to determine whether a modification results in a new loan or a continuation of an existing loan. The update also requires entities to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost. The amendments are to be applied prospectively, but entities may apply a modified retrospective transition for changes to the recognition and measurement of TDRs. For entities that have adopted Topic 326, the amendments are effective for interim and annual periods beginning after December 15, 2022. The Company adopted the standard on January 1, 2023. The adoption of this update did not have a material impact on the Company’s consolidated results of operations and financial condition and modifications to disclosures are immaterial in the current period. 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. The Company adopted the standard on January 1, 2023. The adoption of this update did not 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 (ASU 2018-12). The guidance changes elements of the measurement models and disclosure requirements for an insurer’s long-duration insurance contract benefits and acquisition costs by expanding the use of fair value accounting to certain contract benefits, requiring updates, if any, and at least annually, to assumptions used to measure liabilities for future policy benefits, and changing the amortization pattern of deferred acquisition costs to a constant level basis. Adoption of the accounting standard will not impact overall cash flows, insurance subsidiaries’ dividend capacity, or regulatory capital requirements. When the Company adopted the standard as of January 1, 2021 (the “transition date”), opening equity was adjusted for the adoption impacts to retained earnings and accumulated other comprehensive income (loss) (“AOCI”) and prior periods presented (i.e. 2021 and 2022) were restated. The adoption impact as of January 1, 2021 was a reduction in total equity of $1.9 billion, of which $0.9 billion and $1.0 billion were reflected in retained earnings and AOCI, respectively. The following table presents the effects of the adoption of the above new accounting standard to the Company’s previously reported Consolidated Balance Sheets: As Filed December 31, 2022 Adjustment Post adoption Post-adoption December 31, 2022 As Filed December 31, 2021 Adjustment Post adoption Post-adoption December 31, 2021 (in millions) Assets Market risk benefits $ — $ 1,015 $ 1,015 $ — $ 539 $ 539 Receivables (allowance for credit losses: 2022, $75; 2021, $55) 15,779 (184) 15,595 16,205 927 17,132 Deferred acquisition costs 3,160 (383) 2,777 2,782 62 2,844 Other assets 9,341 (64) 9,277 11,375 297 11,672 Total assets $ 158,468 $ 384 $ 158,852 $ 175,910 $ 1,825 $ 177,735 Liabilities and Equity Liabilities: Policyholder account balances, future policy benefits and claims $ 36,067 $ (1,935) $ 34,132 $ 35,750 $ (727) $ 35,023 Market risk benefits — 2,118 2,118 — 3,440 3,440 Other liabilities 6,305 11 6,316 8,641 216 8,857 Total liabilities 154,855 194 155,049 169,969 2,929 172,898 Equity: Retained earnings 19,531 387 19,918 17,525 (203) 17,322 Accumulated other comprehensive income (loss), net of tax (2,349) (197) (2,546) 259 (901) (642) Total equity 3,613 190 3,803 5,941 (1,104) 4,837 Total liabilities and equity $ 158,468 $ 384 $ 158,852 $ 175,910 $ 1,825 $ 177,735 The following tables present the effects of the adoption of the above new accounting standard to the Company’s previously reported Consolidated Statements of Operations: Three Months Ended March 31, As Filed 2022 Adjustment Post-adoption 2022 As Filed 2021 Adjustment Post-adoption 2021 (in millions, except per share amounts) Revenues Premiums, policy and contract charges $ 368 $ (30) $ 338 $ 347 $ (9) $ 338 Total revenues 3,657 (30) 3,627 3,355 (9) 3,346 Total net revenues 3,655 (30) 3,625 3,350 (9) 3,341 Benefits and expenses Distribution expenses 1,297 3 1,300 1,175 3 1,178 Benefits, claims, losses and settlement expenses 211 (179) 32 653 (413) 240 Remeasurement gains and losses of future policy benefit reserves — (6) (6) — (40) (40) Change in fair value of market risk benefits — 100 100 — (887) (887) Amortization of deferred acquisition costs 96 (31) 65 5 61 66 Total expenses 2,732 (113) 2,619 2,857 (1,276) 1,581 Pretax income 923 83 1,006 493 1,267 1,760 Income tax provision 162 19 181 56 269 325 Net income $ 761 $ 64 $ 825 $ 437 $ 998 $ 1,435 Earnings per share Basic $ 6.69 $ 0.57 $ 7.26 $ 3.65 $ 8.33 $ 11.98 Diluted $ 6.55 $ 0.55 $ 7.10 $ 3.58 $ 8.16 $ 11.74 Years Ended December 31, As Filed 2022 Adjustment Post-adoption 2022 As Filed 2021 Adjustment Post-adoption 2021 (in millions, except per share amounts) Revenues Distribution fees $ 1,938 $ 1 $ 1,939 $ 1,830 $ (2) $ 1,828 Premiums, policy and contract charges 1,411 (14) 1,397 273 (52) 221 Total revenues 14,347 (13) 14,334 13,443 (54) 13,389 Total net revenues 14,271 (13) 14,258 13,431 (54) 13,377 Benefits and expenses Distribution expenses 4,923 12 4,935 5,015 13 5,028 Benefits, claims, losses and settlement expenses 1,372 (1,130) 242 716 (872) (156) Remeasurement gains and losses of future policy benefit reserves — 1 1 — (52) (52) Change in fair value of market risk benefits — 311 311 — (113) (113) Amortization of deferred acquisition costs 208 44 252 124 135 259 Total expenses 11,089 (762) 10,327 10,081 (889) 9,192 Pretax income 3,182 749 3,931 3,350 835 4,185 Income tax provision 623 159 782 590 178 768 Net income $ 2,559 $ 590 $ 3,149 $ 2,760 $ 657 $ 3,417 Earnings per share Basic $ 22.99 $ 5.30 $ 28.29 $ 23.53 $ 5.60 $ 29.13 Diluted $ 22.51 $ 5.19 $ 27.70 $ 23.00 $ 5.48 $ 28.48 Future Adoption of New Accounting Standards Leases – Common Control Arrangements In March 2023, the FASB proposed amendments to ASU 2016-02, Leases (“Topic 842”). The update applicable to all entities provides requirements for leasehold improvements associated with common control leases to be amortized over the useful life of the leasehold improvements to the common control group as long as the lessee controls the use of the underlying asset through a lease and accounted for as a transfer between entities under common control through an adjustment to equity if, and when, the lessee no longer controls the use of the underlying asset. The amendment is to be applied either prospectively to all new leasehold improvements recognized on or after the date that the entity first applies the amendments, prospectively to all new and existing leasehold improvements recognized on or after the date that the entity first applies the amendments with any remaining unamortized balance of existing leasehold improvements amortized over their remaining useful life to the common control group determined at that date, or retrospectively to the beginning of the period in which the entity first applied Topic 842 with any leasehold improvements that otherwise would not have been amortized or impaired recognized through a cumulative-effect adjustment to the opening balance of retained earnings at the beginning of the earliest period presented in accordance with ASC 842. The amendment is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted for both interim and annual financial statements that have not yet been made available for issuance. The Company is in the process of evaluating the amendment and assessing the impact on its consolidated results of operations and financial condition.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	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: Three Months Ended March 31, 2023 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate & Other Total Segments Non-operating Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 491 $ — $ — $ 491 $ — $ 491 Institutional — 152 — — 152 — 152 Advisory fees 1,109 — — — 1,109 — 1,109 Financial planning fees 101 — — — 101 — 101 Transaction and other fees 89 48 14 — 151 — 151 Total management and financial advice fees 1,299 691 14 — 2,004 — 2,004 Distribution fees: Mutual funds 175 52 — — 227 — 227 Insurance and annuity 211 38 80 — 329 — 329 Off-balance sheet brokerage cash 126 — — — 126 — 126 Other products 81 — — — 81 — 81 Total distribution fees 593 90 80 — 763 — 763 Other revenues 58 5 — — 63 — 63 Total revenue from contracts with customers 1,950 786 94 — 2,830 — 2,830 Revenue from other sources (1) 418 13 730 130 1,291 47 1,338 Total segment gross revenues 2,368 799 824 130 4,121 47 4,168 Banking and deposit interest expense (103) — — (4) (107) — (107) Total segment net revenues 2,265 799 824 126 4,014 47 4,061 Elimination of intersegment revenues (201) (17) (102) 4 (316) (3) (319) Total net revenues $ 2,064 $ 782 $ 722 $ 130 $ 3,698 $ 44 $ 3,742 Three Months Ended March 31, 2022 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate & Other Total Segments Non-operating Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 644 $ — $ — $ 644 $ — $ 644 Institutional — 195 — — 195 — 195 Advisory fees 1,191 — — — 1,191 — 1,191 Financial planning fees 97 — — — 97 — 97 Transaction and other fees 92 55 16 — 163 — 163 Total management and financial advice fees 1,380 894 16 — 2,290 — 2,290 Distribution fees: Mutual funds 204 65 — — 269 — 269 Insurance and annuity 221 46 95 — 362 — 362 Off-balance sheet brokerage cash (2) 16 — — — 16 — 16 Other products 88 — — — 88 — 88 Total distribution fees 529 111 95 — 735 — 735 Other revenues 53 5 — — 58 — 58 Total revenue from contracts with customers 1,962 1,010 111 — 3,083 — 3,083 Revenue from other sources (1) 82 7 657 116 862 37 899 Total segment gross revenues 2,044 1,017 768 116 3,945 37 3,982 Banking and deposit interest expense (2) — — — (2) — (2) Total segment net revenues 2,042 1,017 768 116 3,943 37 3,980 Elimination of intersegment revenues (228) (12) (112) — (352) (3) (355) Total net revenues $ 1,814 $ 1,005 $ 656 $ 116 $ 3,591 $ 34 $ 3,625 (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) Prior to the fourth quarter of 2022, Off-balance sheet brokerage cash was included in Other products. Prior periods have been updated to be comparative. 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. 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, were $159 million and $160 million as of March 31, 2023 and December 31, 2022, 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 and were $127 million and $129 million as of March 31, 2023 and December 31, 2022, respectively. Transaction and Other Fees The Company earns revenue for providing customer support, shareholder and administrative services (including transfer agent services) for affiliated mutual funds and networking, sub-accounting and administrative services for unaffiliated mutual funds. The Company also receives revenue for providing custodial services and account maintenance services on brokerage and retirement accounts that are not included in an advisory relationship. Transfer agent and administrative revenue is earned based on either a fixed rate applied, as a percentage, to assets under management or an annual fixed fee for each fund position. Networking and sub-accounting revenue is earned based on either an annual fixed fee for each account or an annual fixed fee for each fund position. Custodial and account maintenance revenue is generally earned based on a quarterly or annual fixed fee for each account. Each of the customer support and administrative services performance obligations are considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. Transaction and other fees (other than custodial service fees) are invoiced or charged to brokerage accounts on a monthly or quarterly basis. Custodial service fees are invoiced or charged to brokerage accounts on an annual basis. Contract liabilities for custodial service fees, which are included in Other liabilities, were $39 million and nil as of March 31, 2023 and December 31, 2022, respectively. 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. Off-Balance Sheet Brokerage Cash 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 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). 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 The Company has an asset of $31 million and $33 million as of March 31, 2023 and December 31, 2022, respectively, 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 Receivables for revenue from contracts with customers are recognized when the performance obligation is satisfied and the Company has an unconditional right to the revenue. Receivables related to revenues from contracts with customers were $500 million and $537 million as of March 31, 2023 and December 31, 2022, respectively.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Mar. 31, 2023
Variable Interest Entities [Abstract]
Variable Interest Entities	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 $28 million and $30 million as of March 31, 2023 and December 31, 2022, respectively. 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 as of both March 31, 2023 and December 31, 2022. 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 $65 million and $57 million as of March 31, 2023 and December 31, 2022, 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 March 31, 2023 and December 31, 2022. 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 $31 million and $25 million as of March 31, 2023 and December 31, 2022, 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 $85 million and $92 million as of March 31, 2023 and December 31, 2022, respectively. The Company had a liability of $7 million as of both March 31, 2023 and December 31, 2022, 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 13 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: March 31, 2023 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Corporate debt securities $ — $ 34 $ — $ 34 Common stocks — 4 — 4 Syndicated loans — 2,206 50 2,256 Total investments — 2,244 50 2,294 Receivables — 23 — 23 Other assets — 1 — 1 Total assets at fair value $ — $ 2,268 $ 50 $ 2,318 Liabilities Debt (1) $ — $ 2,367 $ — $ 2,367 Other liabilities — 86 — 86 Total liabilities at fair value $ — $ 2,453 $ — $ 2,453 December 31, 2022 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Corporate debt securities $ — $ 35 $ — $ 35 Common stocks — 3 — 3 Syndicated loans — 2,191 125 2,316 Total investments — 2,229 125 2,354 Receivables — 20 — 20 Other assets — 1 1 2 Total assets at fair value $ — $ 2,250 $ 126 $ 2,376 Liabilities Debt (1) $ — $ 2,363 $ — $ 2,363 Other liabilities — 119 — 119 Total liabilities at fair value $ — $ 2,482 $ — $ 2,482 (1) The carrying value of the CLOs’ debt is set equal to the fair value of the CLOs’ assets. The estimated fair value of the CLOs’ debt was $2.4 billion as of both March 31, 2023 and December 31, 2022. The following tables provide a summary of changes in Level 3 assets held by consolidated investment entities measured at fair value on a recurring basis: Syndicated Loans Other Assets (in millions) Balance at January 1, 2023 $ 125 $ 1 Total gains (losses) included in: Net income (1) (1) — Purchases 17 — Sales (7) — Settlements (15) — Transfers into Level 3 21 — Transfers out of Level 3 (90) (1) Balance at March 31, 2023 $ 50 $ — Changes in unrealized gains (losses) included in net income relating to assets held at March 31, 2023 $ — (1) $ — Syndicated Loans Other Assets (in millions) Balance at January 1, 2022 $ 64 $ 3 Total gains (losses) included in: Net income (1) (1) — Purchases 15 — Sales (1) — Transfers into Level 3 62 — Transfers out of Level 3 (42) (3) Balance at March 31, 2022 $ 97 $ — Changes in unrealized gains (losses) included in net income relating to assets held at March 31, 2022 $ (1) (1) $ — (1) Included in Net investment income. Securities and loans transferred from Level 3 primarily represent assets with fair values that are now obtained from a third-party pricing service with observable inputs or priced in active markets. Securities and loans transferred to Level 3 represent assets with fair values that are now based on a single non-binding broker quote. All Level 3 measurements as of March 31, 2023 and December 31, 2022 were obtained from non-binding broker quotes where unobservable inputs utilized in the fair value calculation are not reasonably available to the Company. Determination of Fair Value Assets Investments The fair value of syndicated loans obtained from third-party pricing services using a market approach with observable inputs is classified as Level 2. The fair value of syndicated loans obtained from third-party pricing services with a single non-binding broker quote as the underlying valuation source is classified as Level 3. The underlying inputs used in non-binding broker quotes are not readily available to the Company. See Note 13 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: March 31, 2023 December 31, 2022 (in millions) Syndicated loans Unpaid principal balance $ 2,427 $ 2,525 Excess unpaid principal over fair value (171) (209) Fair value $ 2,256 $ 2,316 Fair value of loans more than 90 days past due $ — $ — Fair value of loans in nonaccrual status 22 23 Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both 53 48 Debt Unpaid principal balance $ 2,605 $ 2,636 Excess unpaid principal over fair value (238) (273) Carrying value (1) $ 2,367 $ 2,363 (1) The carrying value of the CLOs’ debt is set equal to the fair value of the CLOs’ assets. The estimated fair value of the CLOs’ debt was $2.4 billion as of both March 31, 2023 and December 31, 2022. Interest income from syndicated loans, bonds and structured investments is recorded based on contractual rates in Net investment income. Gains and losses related to the changes in 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 the changes in 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 both the three months ended March 31, 2023 and 2022. Debt of the consolidated investment entities and the stated interest rates were as follows: Carrying Value Weighted Average Interest Rate March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 (in millions) Debt of consolidated CLOs due 2028-2034 $ 2,367 $ 2,363 5.9 % 5.3 %

Investments

Investments	3 Months Ended
	Mar. 31, 2023
Investments [Abstract]
Investments	Investments The following is a summary of Ameriprise Financial investments: March 31, 2023 December 31, 2022 (in millions) Available-for-Sale securities, at fair value $ 44,883 $ 40,811 Mortgage loans (allowance for credit losses: 2023, $13; 2022, $12) 1,997 1,987 Policy loans 861 847 Other investments (allowance for credit losses: 2023, $6; 2022, $5) 867 879 Total $ 48,608 $ 44,524 Other investments primarily reflect the Company’s interests in affordable housing partnerships, trading securities, equity securities, seed money investments in proprietary funds, 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: Three Months Ended March 31, 2023 2022 (in millions) Investment income on fixed maturities $ 571 $ 214 Net realized gains (losses) 4 20 Affordable housing partnerships (9) (15) Consolidated investment entities 42 19 Other 90 23 Total $ 698 $ 261 Available-for-Sale securities distributed by type were as follows: March 31, 2023 Description of Securities Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value (in millions) Corporate debt securities $ 10,868 $ 287 $ (622) $ (23) $ 10,510 Residential mortgage backed securities 18,852 58 (1,247) — 17,663 Commercial mortgage backed securities 6,859 12 (406) — 6,465 Asset backed securities 7,366 11 (133) — 7,244 State and municipal obligations 769 73 (20) (2) 820 U.S. government and agency obligations 2,135 1 — — 2,136 Foreign government bonds and obligations 30 — (2) — 28 Other securities 17 — — — 17 Total $ 46,896 $ 442 $ (2,430) $ (25) $ 44,883 Description of Securities December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value (in millions) Corporate debt securities $ 10,361 $ 180 $ (823) $ (20) $ 9,698 Residential mortgage backed securities 17,056 37 (1,390) — 15,703 Commercial mortgage backed securities 6,648 3 (439) — 6,212 Asset backed securities 6,408 14 (158) — 6,264 State and municipal obligations 773 53 (27) (2) 797 U.S. government and agency obligations 2,079 1 (1) — 2,079 Foreign government bonds and obligations 43 — (2) — 41 Other securities 16 1 — — 17 Total $ 43,384 $ 289 $ (2,840) $ (22) $ 40,811 As of March 31, 2023 and December 31, 2022, accrued interest of $262 million and $237 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 both March 31, 2023 and December 31, 2022, investment securities with a fair value of $3.3 billion were pledged to meet contractual obligations under derivative contracts and short-term borrowings, of which $175 million and $302 million, respectively, may be sold, pledged or rehypothecated by the counterparty. As of both March 31, 2023 and December 31, 2022, fixed maturity securities comprised approximately 92% 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 March 31, 2023 and December 31, 2022, the Company’s internal analysts rated $422 million and $270 million, respectively, of securities using criteria similar to those used by NRSROs. A summary of fixed maturity securities by rating was as follows: Ratings March 31, 2023 December 31, 2022 Amortized Cost Fair Value Percent of Total Fair Value Amortized Cost Fair Value Percent of Total Fair Value (in millions, except percentages) AAA $ 33,517 $ 31,827 71 % $ 30,900 $ 28,980 71 % AA 1,420 1,470 3 1,219 1,249 3 A 2,303 2,369 5 2,080 2,097 5 BBB 9,051 8,661 20 8,524 7,890 19 Below investment grade (1) 605 556 1 661 595 2 Total fixed maturities $ 46,896 $ 44,883 100 % $ 43,384 $ 40,811 100 % (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 $1 million, respectively, as of both March 31, 2023 and December 31, 2022. These securities are not rated but are included in below investment grade due to their risk characteristics. As of both March 31, 2023 and December 31, 2022, approximately 30% of securities rated AAA were GNMA, FNMA and FHLMC mortgage backed securities, respectively. No holdings of any issuer were greater than 10% of the Company’s total shareholder’s equity as of both March 31, 2023 and December 31, 2022. The following tables summarize the fair value and gross unrealized losses on Available-for-Sale securities, aggregated by major investment type and the length of time that individual securities have been in a continuous unrealized loss position for which no allowance for credit losses has been recorded: Description of Securities March 31, 2023 Less than 12 Months 12 Months or More Total Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses (in millions, except number of securities) Corporate debt securities 270 $ 3,759 $ (155) 244 $ 2,960 $ (467) 514 $ 6,719 $ (622) Residential mortgage backed securities 350 6,373 (167) 486 7,418 (1,080) 836 13,791 (1,247) Commercial mortgage backed securities 98 1,936 (37) 243 3,571 (369) 341 5,507 (406) Asset backed securities 101 2,357 (21) 87 2,745 (112) 188 5,102 (133) State and municipal obligations 17 72 (5) 51 110 (15) 68 182 (20) Foreign government bonds and obligations 7 17 (1) 2 10 (1) 9 27 (2) Total 843 $ 14,514 $ (386) 1,113 $ 16,814 $ (2,044) 1,956 $ 31,328 $ (2,430) Description of Securities December 31, 2022 Less than 12 Months 12 Months or More Total Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses (in millions, except number of securities) Corporate debt securities 457 $ 5,782 $ (458) 108 $ 1,575 $ (365) 565 $ 7,357 $ (823) Residential mortgage backed securities 589 9,407 (577) 244 4,076 (813) 833 13,483 (1,390) Commercial mortgage backed securities 249 3,857 (220) 101 1,802 (219) 350 5,659 (439) Asset backed securities 145 4,413 (86) 31 977 (72) 176 5,390 (158) State and municipal obligations 48 134 (16) 27 60 (11) 75 194 (27) U.S. government and agency obligations 13 566 (1) — — — 13 566 (1) Foreign government bonds and obligations 11 37 (2) 1 1 — 12 38 (2) Total 1,512 $ 24,196 $ (1,360) 512 $ 8,491 $ (1,480) 2,024 $ 32,687 $ (2,840) As part of the Company’s ongoing monitoring process, management determined that the decrease in total gross unrealized losses on its Available-for-Sale securities for which an allowance for credit losses has not been recognized during the three months ended March 31, 2023 is primarily attributable to the impact of lower interest rates partially offset by wider credit spreads given ongoing market volatility with no specific credit concerns. As of March 31, 2023, 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 March 31, 2023 and December 31, 2022, approximately 96% and 95%, respectively, of the total of Available-for-Sale securities with gross unrealized losses were considered investment grade. The following table presents rollforwards of the allowance for credit losses on Available-for-Sale securities: Corporate Debt Securities State and Municipal Obligations Total (in millions) Balance at January 1, 2023 $ 20 $ 2 $ 22 Additional increases (decreases) on securities that had an allowance recorded in a previous period 3 — 3 Charge-offs — — — Balance at March 31, 2023 $ 23 $ 2 $ 25 Balance at January 1, 2022 $ — $ 1 $ 1 Charge-offs — — — Balance at March 31, 2022 $ — $ 1 $ 1 Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method, recognized in Net investment income were as follows: Three Months Ended March 31, 2023 2022 (in millions) Gross realized investment gains $ 10 $ 20 Gross realized investment losses (2) — Credit losses (3) — Other impairments (2) — Total $ 3 $ 20 Credit losses for three months ended March 31, 2023 related to recording an allowance for credit losses on a corporate debt security in the communications industry. Other impairments for the three months ended March 31, 2023 related to Available-for-Sale securities which the Company intends to sell. See Note 16 for rollforwards of net unrealized investment gains (losses) included in AOCI. Available-for-Sale securities by contractual maturity as of March 31, 2023 were as follows: Amortized Cost Fair Value (in millions) Due within one year $ 2,864 $ 2,859 Due after one year through five years 2,591 2,533 Due after five years through 10 years 3,692 3,308 Due after 10 years 4,672 4,811 13,819 13,511 Residential mortgage backed securities 18,852 17,663 Commercial mortgage backed securities 6,859 6,465 Asset backed securities 7,366 7,244 Total $ 46,896 $ 44,883 Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Residential mortgage backed securities, commercial mortgage backed securities and asset backed securities are not due at a single maturity date. As such, these securities were not included in the maturities distribution.

Financing Receivables

Financing Receivables	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Financing Receivables	Financing Receivables Financing receivables are comprised of commercial loans, consumer loans and deposit receivables. Allowance for Credit Losses The following tables present a rollforward of the allowance for credit losses: Commercial Loans Consumer Loans Total (in millions) Balance at January 1, 2023 $ 54 $ 5 $ 59 Provisions (1) 2 1 Charge-offs (1) — (1) Balance at March 31, 2023 $ 52 $ 7 $ 59 Balance at January 1, 2022 $ 47 $ 3 $ 50 Provisions (2) — (2) Balance at March 31, 2022 $ 45 $ 3 $ 48 As of March 31, 2023 and December 31, 2022, accrued interest on commercial loans was $17 million, and is recorded in Receivables and excluded from the amortized cost basis of commercial loans. Purchases and Sales During the three months ended March 31, 2023 and 2022, the Company purchased $1 million and nil, respectively, of syndicated loans, and sold $1 million and nil, respectively, of syndicated loans. During the three months ended March 31, 2023 and 2022, the Company purchased $43 million and $1 million, respectively, of residential mortgage loans, and sold nil and nil, respectively, of residential mortgage loans. The allowance for credit losses for residential mortgage loans was not material as of both March 31, 2023 and December 31, 2022. The Company has not acquired any loans with deteriorated credit quality as of the acquisition date. Credit Quality Information Nonperforming loans were $12 million and $11 million as of March 31, 2023 and December 31, 2022, 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 March 31, 2023 and December 31, 2022. Loans with the highest risk rating represent distressed loans which the Company has identified as impaired or expects to become delinquent or enter into foreclosure within the next six months. There were no commercial mortgage loans past due as of March 31, 2023 and December 31, 2022, respectively. The tables below present the amortized cost basis of commercial mortgage loans by the year of origination and loan-to-value ratio: March 31, 2023 Loan-to-Value Ratio 2023 2022 2021 2020 2019 Prior Total (in millions) > 100% $ — $ — $ — $ 2 $ 2 $ 41 $ 45 80% - 100% — 7 6 2 19 38 72 60% - 80% 12 38 61 17 41 101 270 40% - 60% 3 33 101 56 89 464 746 < 40% — 33 27 35 58 575 728 Total $ 15 $ 111 $ 195 $ 112 $ 209 $ 1,219 $ 1,861 December 31, 2022 Loan-to-Value Ratio 2022 2021 2020 2019 2018 Prior Total (in millions) > 100% $ — $ — $ 2 $ 2 $ 3 $ 39 $ 46 80% - 100% 7 9 2 20 8 29 75 60% - 80% 39 87 17 52 9 107 311 40% - 60% 48 89 69 90 57 435 788 < 40% 18 12 30 46 85 471 662 Total $ 112 $ 197 $ 120 $ 210 $ 162 $ 1,081 $ 1,882 Loan-to-value ratio is based on income and expense data provided by borrowers at least annually and long-term capitalization rate assumptions based on property type. For the three months ended March 31, 2023, the Company did not have any write-offs of commercial mortgage loans. 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 March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 (in millions) East North Central $ 199 $ 201 11 % 11 % East South Central 53 54 3 3 Middle Atlantic 114 114 6 6 Mountain 135 129 7 7 New England 23 23 1 1 Pacific 633 638 34 34 South Atlantic 465 479 25 25 West North Central 118 120 6 6 West South Central 121 124 7 7 1,861 1,882 100 % 100 % Less: allowance for credit losses 11 11 Total $ 1,850 $ 1,871 Concentrations of credit risk of commercial mortgage loans by property type were as follows: Loans Percentage March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 (in millions) Apartments $ 489 $ 495 26 % 26 % Hotel 14 14 1 1 Industrial 310 321 17 17 Mixed use 68 66 3 4 Office 256 259 14 14 Retail 581 594 31 31 Other 143 133 8 7 1,861 1,882 100 % 100 % Less: allowance for credit losses 11 11 Total $ 1,850 $ 1,871 Syndicated Loans The investment in syndicated loans as of March 31, 2023 and December 31, 2022 was $165 million and $175 million, respectively. The Company’s syndicated loan portfolio is diversified across industries and issuers. There were no syndicated loans past due as of both March 31, 2023 and December 31, 2022. The Company assigns an internal risk rating to each syndicated loan in its portfolio ranging from 1 through 5, with 5 reflecting the lowest quality. For the three months ended March 31, 2023, the Company did not have any write-offs of syndicated loans. The tables below present the amortized cost basis of syndicated loans by origination year and internal risk rating: March 31, 2023 Internal Risk Rating 2023 2022 2021 2020 2019 Prior Total (in millions) Risk 5 $ — $ 1 $ — $ — $ — $ 2 $ 3 Risk 4 — — — 1 2 — 3 Risk 3 — — 8 1 3 12 24 Risk 2 — 9 21 6 11 27 74 Risk 1 1 4 9 4 9 34 61 Total $ 1 $ 14 $ 38 $ 12 $ 25 $ 75 $ 165 December 31, 2022 Internal Risk Rating 2022 2021 2020 2019 2018 Prior Total (in millions) Risk 5 $ 1 $ — $ — $ — $ — $ — $ 1 Risk 4 — — — 2 — 2 4 Risk 3 — 9 1 6 5 8 29 Risk 2 8 21 7 12 5 28 81 Risk 1 6 9 4 6 13 22 60 Total $ 15 $ 39 $ 12 $ 26 $ 23 $ 60 $ 175 Financial Advisor Loans The Company offers loans to financial advisors for transitional cost assistance and practice operations. Repayment of the loan is highly dependent on the retention of the financial advisor. In the event a financial advisor is no longer affiliated with the Company, any unpaid balances become immediately due. Accordingly, the primary risk factor for advisor loans is termination status. The allowance for credit losses related to loans to advisors that have terminated their relationship with the Company was $7 million and $6 million as of March 31, 2023 and December 31, 2022, respectively. The write-offs of advisor loans was not material for the three months ended March 31, 2023. The tables below present the amortized cost basis of advisor loans by origination year and termination status: March 31, 2023 Termination Status 2023 2022 2021 2020 2019 Prior Total (in millions) Active $ 108 $ 346 $ 170 $ 127 $ 95 $ 213 $ 1,059 Terminated — — 1 1 3 6 11 Total $ 108 $ 346 $ 171 $ 128 $ 98 $ 219 $ 1,070 December 31, 2022 Termination Status 2022 2021 2020 2019 2018 Prior Total (in millions) Active $ 359 $ 178 $ 133 $ 99 $ 76 $ 158 $ 1,003 Terminated — 1 1 2 1 5 10 Total $ 359 $ 179 $ 134 $ 101 $ 77 $ 163 $ 1,013 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 March 31, 2023 and December 31, 2022. The table below presents the amortized cost basis of credit card receivables by FICO score: March 31, 2023 December 31, 2022 (in millions) > 800 $ 28 $ 32 750 - 799 26 27 700 - 749 27 28 650 - 699 17 17 < 650 6 6 Total $ 104 $ 110 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 $1.1 billion and $1.2 billion as of March 31, 2023 and December 31, 2022, 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 March 31, 2023 and December 31, 2022, there was no allowance for credit losses on margin loans. Pledged Asset Lines of Credit The pledged asset lines of credit balance was $546 million and $589 million as of March 31, 2023 and December 31, 2022, 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 both March 31, 2023 and December 31, 2022 , there w as no allowance for credit losses on pledged asset lines of credit. Deposit Receivables Deposit receivables were $7.1 billion and $7.4 billion as of March 31, 2023 and December 31, 2022 , respectively. Deposit receivables are collateralized by the fair value of the assets held in trusts. Based on management’s evaluation of the collateral value relative to the deposit receivables, the allowance for credit losses for deposit receivables was not material as of both March 31, 2023 and December 31, 2022. Modifications with Borrowers Experiencing Financial Difficulty

Deferred Acquisition Costs and

Deferred Acquisition Costs and Deferred Sales Inducement Costs	3 Months Ended
	Mar. 31, 2023
Deferred Charges, Insurers [Abstract]
Deferred Acquisition Costs and Deferred Sales Inducement Costs	Deferred Acquisition Costs and Deferred Sales Inducement Costs The following tables summarize the balances of and changes in DAC, including the January 1, 2021 adoption of ASU 2018-12: Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Universal Life Insurance Variable Universal Life Insurance (in millions) Pre-adoption balance at December 31, 2020 $ 1,690 $ 22 $ 43 $ 7 $ 100 $ 452 Effect of shadow reserve adjustments 42 4 18 1 31 53 Post-adoption balance at January 1, 2021 1,732 26 61 8 131 505 Capitalization of acquisition costs 111 71 — — 3 54 Amortization (147) (6) (8) (1) (9) (47) Balance at December 31, 2021 $ 1,696 $ 91 $ 53 $ 7 $ 125 $ 512 Indexed Universal Life Insurance Other Life Insurance Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Total, (in millions) Pre-adoption balance at December 31, 2020 $ 108 $ (3) $ — $ 19 $ 89 $ 2,527 Effect of shadow reserve adjustments 149 6 — — — 304 Post-adoption balance at January 1, 2021 257 3 — 19 89 2,831 Capitalization of acquisition costs 9 — 1 2 4 255 Amortization (18) — — (2) (9) (247) Balance at December 31, 2021 $ 248 $ 3 $ 1 $ 19 $ 84 $ 2,839 Other broker dealer acquisition costs 5 Balance at December 31, 2021 including broker dealer acquisition costs $ 2,844 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Universal Life Insurance Variable Universal Life Insurance (in millions) Balance at January 1, 2022 $ 1,696 $ 91 $ 53 $ 7 $ 125 $ 512 Capitalization of acquisition costs 38 73 — — 1 55 Amortization (136) (15) (8) (1) (8) (46) Balance at December 31, 2022 $ 1,598 $ 149 $ 45 $ 6 $ 118 $ 521 Indexed Universal Life Insurance Other Life Insurance Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Total, (in millions) Balance at January 1, 2022 $ 248 $ 3 $ 1 $ 19 $ 84 $ 2,839 Capitalization of acquisition costs 5 — 1 1 4 178 Amortization (17) — — (2) (9) (242) Balance at December 31, 2022 $ 236 $ 3 $ 2 $ 18 $ 79 $ 2,775 Other broker dealer acquisition costs 2 Balance at December 31, 2022 including broker dealer acquisition costs $ 2,777 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Universal Life Insurance Variable Universal Life Insurance (in millions) Balance at January 1, 2023 $ 1,598 $ 149 $ 45 $ 6 $ 118 $ 521 Capitalization of acquisition costs 6 18 — — — 11 Amortization (33) (5) (3) — (2) (12) Balance at March 31, 2023 $ 1,571 $ 162 $ 42 $ 6 $ 116 $ 520 Indexed Universal Life Insurance Other Life Insurance Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Total, (in millions) Balance at January 1, 2023 $ 236 $ 3 $ 2 $ 18 $ 79 $ 2,775 Capitalization of acquisition costs 1 — 1 — 1 38 Amortization (4) — — — (2) (61) Balance at March 31, 2023 $ 233 $ 3 $ 3 $ 18 $ 78 $ 2,752 Other broker dealer acquisition costs 2 Balance at March 31, 2023 including broker dealer acquisition costs $ 2,754 The following tables summarize the balances of and changes in DSIC, including the January 1, 2021 adoption of ASU 2018-12: Variable Annuities Fixed Annuities Total, (in millions) Pre-adoption balance at December 31, 2020 $ 175 $ 14 $ 189 Effect of shadow reserve adjustments 8 8 16 Post-adoption balance at January 1, 2021 183 22 205 Capitalization of sales inducement costs 1 — 1 Amortization (18) (3) (21) Balance at December 31, 2021 $ 166 $ 19 $ 185 Variable Annuities Fixed Annuities Total, (in millions) Balance at January 1, 2022 $ 166 $ 19 $ 185 Capitalization of sales inducement costs 1 — 1 Amortization (16) (3) (19) Balance at December 31, 2022 $ 151 $ 16 $ 167 Variable Annuities Fixed Annuities Total, (in millions) Balance at January 1, 2023 $ 151 $ 16 $ 167 Amortization (4) (1) (5) Balance at March 31, 2023 $ 147 $ 15 $ 162

Policyholder Account Balances,

Policyholder Account Balances, Future Policy Benefits and Claims	3 Months Ended
	Mar. 31, 2023
Policyholder Account Balance [Abstract]
Policyholder Account Balances, Future Policy Benefits and Claims	Policyholder Account Balances, Future Policy Benefits and Claims Policyholder account balances, future policy benefits and claims consisted of the following: March 31, 2023 December 31, 2022 (in millions) Policyholder account balances Policyholder account balances $ 25,545 $ 24,986 Future policy benefits Reserve for future policy benefits 7,687 7,495 Deferred profit liability 64 62 Additional liabilities for insurance guarantees 1,224 1,186 Other insurance and annuity liabilities 181 177 Total future policy benefits 9,156 8,920 Policy claims and other policyholders’ funds 231 226 Total policyholder account balances, future policy benefits and claims $ 34,932 $ 34,132 Variable Annuities Purchasers of variable annuities can select from a variety of investment options and can elect to allocate a portion to a fixed account. A vast majority of the premiums received for variable annuity contracts are held in separate accounts where the assets are held for the exclusive benefit of those contractholders. Most of the variable annuity contracts issued by the Company contain a GMDB. The Company previously offered contracts with GMAB, GMWB, and GMIB provisions. See Note 2 and Note 11 for additional information regarding the Company’s variable annuity guarantees. See Note 13 and Note 15 for additional information regarding the Company’s derivative instruments used to hedge risks related to these guarantees. Structured Variable Annuities Structured variable annuities provide contractholders the option to allocate a portion of their account value to an indexed account held in a non-insulated separate account with the contractholder’s rate of return, which may be positive or negative, tied to selected indices. The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. The Company hedges the equity and interest rate risk related to the indexed account with freestanding derivative instruments. Fixed Annuities Fixed annuities include deferred, payout and fixed deferred indexed annuity contracts. In 2020, the Company discontinued sales of fixed deferred and fixed deferred indexed annuities. Deferred contracts offer a guaranteed minimum rate of interest and security of the principal invested. Payout contracts guarantee a fixed income payment for life or the term of the contract. Liabilities for fixed annuities in a benefit or payout status are based on future estimated payments using established industry mortality tables and interest rates. The Company’s fixed index annuity product is a fixed annuity that includes an indexed account. The rate of interest credited for funds allocated to the indexed account is linked to the performance of the specific index for the indexed account (subject to a cap). The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. The Company hedges the interest credited rate including equity and interest rate risk related to the indexed account with freestanding derivative instruments. See Note 15 for additional information regarding the Company’s derivative instruments used to hedge the risk related to indexed accounts. Insurance Liabilities 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 of their account balance to a fixed account or a separate account. A vast majority of the premiums received for VUL policies are held in separate accounts where the assets are held for the exclusive benefit of those policyholders. IUL is a UL policy that includes an indexed account. The rate of credited interest for funds allocated by a contractholder to the indexed account is linked to the performance of the specific index for the indexed account (subject to stated account parameters, which include a cap and floor, or a spread). The policyholder may allocate all or a portion of the policy value to a fixed or any available indexed account. The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. The Company hedges the interest credited rate including equity and interest rate risk related to the indexed account with freestanding derivative instruments. See Note 15 for additional information regarding the Company’s derivative instruments used to hedge the risk related to IUL. The Company also offers term life insurance as well as DI products. The Company no longer offers standalone LTC products and whole life insurance but has in force policies from prior years. Insurance liabilities include accumulation values, incurred but not reported claims, obligations for anticipated future claims, unpaid reported claims and claim adjustment expenses. The balances of and changes in policyholder account balances were as follows: Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2023 $ 4,752 $ 6,410 $ 6,799 $ 312 $ 471 Contract deposits 17 656 13 — 22 Policy charges (2) — — — — Surrenders and other benefits (185) (18) (320) (2) (32) Net transfer from (to) separate account liabilities (5) — — — — Other variable account adjustments — 333 — — — Interest credited 37 — 57 — (1) Balance at March 31, 2023 $ 4,614 $ 7,381 $ 6,549 $ 310 $ 460 Weighted-average crediting rate 3.2 % 1.3 % 3.5 % 1.9 % N/A Cash surrender value (1) $ 4,584 $ 6,911 $ 6,538 $ 278 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,544 $ 1,520 $ 2,654 $ 524 $ 24,986 Contract deposits 31 54 49 (1) 841 Policy charges (44) (24) (30) — (100) Surrenders and other benefits (17) (23) (13) (11) (621) Net transfer from (to) separate account liabilities — (14) — — (19) Other variable account adjustments — — — — 333 Interest credited 13 12 2 5 125 Balance at March 31, 2023 $ 1,527 $ 1,525 $ 2,662 $ 517 $ 25,545 Weighted-average crediting rate 3.5 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 9,080 $ 57,134 $ 14,874 $ 147 Cash surrender value (1) $ 1,369 $ 1,053 $ 2,162 $ 342 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2022 $ 4,972 $ 4,458 $ 7,251 $ 323 $ 527 Contract deposits 146 2,784 55 — 53 Policy charges (8) — — — — Surrenders and other benefits (450) (41) (744) (17) (124) Net transfer from (to) separate account liabilities (60) — — — — Other variable account adjustments — (791) — — — Interest credited 152 — 237 6 15 Balance at December 31, 2022 $ 4,752 $ 6,410 $ 6,799 $ 312 $ 471 Weighted-average crediting rate 3.2 % 1.1 % 3.5 % 1.9 % N/A Cash surrender value (1) $ 4,720 $ 5,986 $ 6,786 $ 277 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2022 $ 1,602 $ 1,493 $ 2,534 $ 563 $ 23,723 Contract deposits 134 233 218 (3) 3,620 Policy charges (178) (91) (116) — (393) Surrenders and other benefits (67) (70) (50) (56) (1,619) Net transfer from (to) separate account liabilities — (102) — — (162) Other variable account adjustments — — — — (791) Interest credited 53 57 68 20 608 Balance at December 31, 2022 $ 1,544 $ 1,520 $ 2,654 $ 524 $ 24,986 Weighted-average crediting rate 3.6 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 9,187 $ 57,354 $ 15,043 $ 149 Cash surrender value (1) $ 1,382 $ 1,054 $ 2,148 $ 348 (1) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. For variable annuities and VUL, the cash surrender value shown is the proportion of the total cash surrender value related to their fixed account liabilities. Refer to Note 11 for the net amount at risk for market risk benefits associated with variable and structured variable annuities. Fixed, fixed indexed, and non-life contingent payout annuities do not have net amount at risk in excess of account value. Net amount at risk for insurance products is calculated as the death benefit amount in excess of applicable account values, host, embedded derivative, and separate account liabilities. The following tables present the account values of fixed deferred annuities, fixed insurance, and the fixed portion of variable annuities and variable insurance contracts by range of guaranteed minimum interest rates (“GMIRs”) and the range of the difference between rates credited to policyholders and contractholders as of March 31, 2023 and December 31, 2022 and the respective guaranteed minimums, as well as the percentage of account values subject to rate reset in the time period indicated. Rates are reset at management’s discretion, subject to guaranteed minimums. March 31, 2023 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 125 $ 130 $ 19 $ 2 $ — $ 276 2 % – 2.99% 167 — — — — 167 3 % – 3.99% 2,513 — — 1 — 2,514 4 % – 5.00% 1,598 — — — — 1,598 Total $ 4,403 $ 130 $ 19 $ 3 $ — $ 4,555 Fixed accounts of structured variable annuities 1 % – 1.99% $ 8 $ 12 $ 3 $ 1 $ 2 $ 26 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 8 $ 12 $ 3 $ 1 $ 2 $ 26 Fixed annuities 1 % – 1.99% $ 234 $ 538 $ 137 $ 31 $ 10 $ 950 2 % – 2.99% 63 — — — — 63 3 % – 3.99% 3,196 — — — — 3,196 4 % – 5.00% 2,322 — — — — 2,322 Total $ 5,815 $ 538 $ 137 $ 31 $ 10 $ 6,531 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ — $ 3 $ 7 $ 14 $ — $ 24 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ — $ 3 $ 7 $ 14 $ — $ 24 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 54 — 4 — — 58 3 % – 3.99% 877 — 3 2 — 882 4 % – 5.00% 556 — — — — 556 Total $ 1,487 $ — $ 7 $ 2 $ — $ 1,496 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable universal life insurance 1 % – 1.99% $ — $ 4 $ 3 $ — $ 13 $ 20 2 % – 2.99% 26 3 — 1 4 34 3 % – 3.99% 131 1 2 2 — 136 4 % – 5.00% 639 — — — — 639 Total $ 796 $ 8 $ 5 $ 3 $ 17 $ 829 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 3 $ — $ — $ 3 2 % – 2.99% 128 — — — — 128 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 128 $ — $ 3 $ — $ — $ 131 Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 32 — — — — 32 4 % – 5.00% 309 — — — — 309 Total $ 341 $ — $ — $ — $ — $ 341 Total 1 % – 1.99% $ 367 $ 687 $ 172 $ 48 $ 25 $ 1,299 2 % – 2.99% 438 3 4 1 4 450 3 % – 3.99% 6,749 1 5 5 — 6,760 4 % – 5.00% 5,424 — — — — 5,424 Total $ 12,978 $ 691 $ 181 $ 54 $ 29 $ 13,933 Percentage of total account values that reset in: Next 12 months 99.9 % 96.6 % 97.5 % 100.0 % 100.0 % 99.7 % > 12 months to 24 months — 3.2 2.4 — — 0.2 > 24 months 0.1 0.2 0.1 — — 0.1 Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % December 31, 2022 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 169 $ 102 $ 18 $ — $ — $ 289 2 % – 2.99% 177 — — — — 177 3 % – 3.99% 2,611 — — 1 — 2,612 4 % – 5.00% 1,611 — — — — 1,611 Total $ 4,568 $ 102 $ 18 $ 1 $ — $ 4,689 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of structured variable annuities 1 % – 1.99% $ 12 $ 7 $ 3 $ 1 $ — $ 23 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 12 $ 7 $ 3 $ 1 $ — $ 23 Fixed annuities 1 % – 1.99% $ 460 $ 402 $ 132 $ 33 $ 10 $ 1,037 2 % – 2.99% 67 — — — — 67 3 % – 3.99% 3,344 — — — — 3,344 4 % – 5.00% 2,333 — — — — 2,333 Total $ 6,204 $ 402 $ 132 $ 33 $ 10 $ 6,781 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ 1 $ 3 $ 7 $ 14 $ — $ 25 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 1 $ 3 $ 7 $ 14 $ — $ 25 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 55 — 1 — — 56 3 % – 3.99% 885 1 2 — — 888 4 % – 5.00% 569 — — — — 569 Total $ 1,509 $ 1 $ 3 $ — $ — $ 1,513 Fixed accounts of variable universal life insurance 1 % – 1.99% $ 4 $ 3 $ 2 $ — $ 9 $ 18 2 % – 2.99% 30 — 1 2 2 35 3 % – 3.99% 134 1 1 1 — 137 4 % – 5.00% 648 — — — — 648 Total $ 816 $ 4 $ 4 $ 3 $ 11 $ 838 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 3 $ — $ — $ 3 2 % – 2.99% 126 — — — — 126 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 126 $ — $ 3 $ — $ — $ 129 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 32 — — — — 32 4 % – 5.00% 314 — — — — 314 Total $ 346 $ — $ — $ — $ — $ 346 Total 1 % – 1.99% $ 646 $ 517 $ 165 $ 48 $ 19 $ 1,395 2 % – 2.99% 455 — 2 2 2 461 3 % – 3.99% 7,006 2 3 2 — 7,013 4 % – 5.00% 5,475 — — — — 5,475 Total $ 13,582 $ 519 $ 170 $ 52 $ 21 $ 14,344 Percentage of total account values that reset in: Next 12 months 99.8 % 96.3 % 93.8 % 100.0 % 100.0 % 99.6 % > 12 months to 24 months 0.1 3.0 5.8 — — 0.3 > 24 months 0.1 0.7 0.4 — — 0.1 Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % The following tables summarize the balances of and changes in the liability for future policy benefits, including the January 1, 2021 adoption of ASU 2018-12: Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Long Term Care Insurance Total, All Products (in millions) Pre-adoption balance at December 31, 2020 $ 1,536 $ 633 $ 530 $ 5,749 $ 8,448 Effect of shadow reserve adjustments (175) — — (566) (741) Adjustments for loss contracts (with premiums in excess of gross premiums) under the modified retrospective approach 4 — — 35 39 Effect of change in deferred profit liability (43) — — — (43) Effect of remeasurement of the liability at the current single A discount rate 215 265 238 1,965 2,683 Post-adoption balance at January 1, 2021 1,537 898 768 7,183 10,386 Less: reinsurance recoverable — 601 24 3,623 4,248 Post-adoption balance at January 1, 2021, after $ 1,537 $ 297 $ 744 $ 3,560 $ 6,138 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2021 $ — $ 702 $ 238 $ 1,831 $ 2,771 Beginning balance at original discount rate — 536 183 1,498 2,217 Effect of changes in cash flow assumptions — — — (6) (6) Effect of actual variances from expected experience — 56 (35) (61) (40) Adjusted beginning of year balance $ — $ 592 $ 148 $ 1,431 $ 2,171 Issuances 38 78 18 — 134 Interest accrual — 29 9 73 111 Net premiums collected (38) (63) (20) (184) (305) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 636 $ 155 $ 1,320 $ 2,111 Effect of changes in discount rate assumptions — 141 33 227 401 Balance at December 31, 2021 $ — $ 777 $ 188 $ 1,547 $ 2,512 Present Value of Future Policy Benefits: Balance at January 1, 2021 $ 1,537 $ 1,600 $ 1,006 $ 9,014 $ 13,157 Beginning balance at original discount rate 1,321 1,169 714 6,716 9,920 Effect of changes in cash flow assumptions — — — (8) (8) Effect of actual variances from expected experience (14) 58 (40) (124) (120) Adjusted beginning of year balance $ 1,307 $ 1,227 $ 674 $ 6,584 $ 9,792 Issuances 39 78 18 — 135 Interest accrual 53 70 39 347 509 Benefit payments (168) (120) (43) (336) (667) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,231 $ 1,255 $ 688 $ 6,595 $ 9,769 Effect of changes in discount rate assumptions 139 343 226 1,755 2,463 Balance at December 31, 2021 $ 1,370 $ 1,598 $ 914 $ 8,350 $ 12,232 Adjustment due to reserve flooring $ — $ 1 $ — $ — $ 1 Net liability for future policy benefits $ 1,370 $ 822 $ 726 $ 6,803 $ 9,721 Less: reinsurance recoverable 1,265 558 25 3,443 5,291 Net liability for future policy benefits, after reinsurance recoverable $ 105 $ 264 $ 701 $ 3,360 $ 4,430 Discounted expected future gross premiums $ — $ 2,005 $ 1,158 $ 1,623 $ 4,786 Expected future gross premiums $ — $ 2,815 $ 1,395 $ 1,905 $ 6,115 Expected future benefit payments $ 1,707 $ 2,159 $ 1,217 $ 11,568 $ 16,651 Weighted average interest accretion rate 4.2 % 6.5 % 5.9 % 5.3 % Weighted average discount rate 2.6 % 2.8 % 2.8 % 2.9 % Weighted average duration of liability (in years) 7 8 9 10 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2022 $ — $ 777 $ 188 $ 1,547 $ 2,512 Beginning balance at original discount rate — 636 155 1,320 2,111 Effect of changes in cash flow assumptions — 1 1 52 54 Effect of actual variances from expected experience — 47 (22) (48) (23) Adjusted beginning of year balance $ — $ 684 $ 134 $ 1,324 $ 2,142 Issuances 42 57 12 — 111 Interest accrual — 34 7 65 106 Net premiums collected (42) (67) (16) (169) (294) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 708 $ 137 $ 1,220 $ 2,065 Effect of changes in discount rate assumptions — (22) (3) (13) (38) Balance at December 31, 2022 $ — $ 686 $ 134 $ 1,207 $ 2,027 Present Value of Future Policy Benefits: Balance at January 1, 2022 $ 1,370 $ 1,598 $ 914 $ 8,350 $ 12,232 Beginning balance at original discount rate 1,231 1,255 688 6,595 9,769 Effect of changes in cash flow assumptions — (8) 1 42 35 Effect of actual variances from expected experience (13) 52 (28) (36) (25) Adjusted beginning of year balance $ 1,218 $ 1,299 $ 661 $ 6,601 $ 9,779 Issuances 42 57 12 — 111 Interest accrual 49 73 38 336 496 Benefit payments (154) (116) (42) (368) (680) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,155 $ 1,313 $ 669 $ 6,569 $ 9,706 Effect of changes in discount rate assumptions (90) 6 27 (130) (187) Balance at December 31, 2022 $ 1,065 $ 1,319 $ 696 $ 6,439 $ 9,519 Adjustment due to reserve flooring $ — $ 3 $ — $ — $ 3 Net liability for future policy benefits $ 1,065 $ 636 $ 562 $ 5,232 $ 7,495 Less: reinsurance recoverable 949 443 19 2,649 4,060 Net liability for future policy benefits, after reinsurance recoverable $ 116 $ 193 $ 543 $ 2,583 $ 3,435 Discounted expected future gross premiums $ — $ 1,855 $ 926 $ 1,381 $ 4,162 Expected future gross premiums $ — $ 3,183 $ 1,331 $ 1,908 $ 6,422 Expected future benefit payments $ 1,595 $ 2,234 $ 1,169 $ 11,229 $ 16,227 Weighted average interest accretion rate 4.1 % 6.4 % 6.1 % 5.2 % Weighted average discount rate 5.2 % 5.5 % 5.4 % 5.4 % Weighted average duration of liability (in years) 6 7 8 9 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2023 $ — $ 686 $ 134 $ 1,207 $ 2,027 Beginning balance at original discount rate — 708 137 1,220 2,065 Effect of changes in cash flow assumptions — 1 — (1) — Effect of actual variances from expected experience — 3 (6) (21) (24) Adjusted beginning of year balance $ — $ 712 $ 131 $ 1,198 $ 2,041 Issuances 31 13 3 — 47 Interest accrual — 8 2 15 25 Net premiums collected (31) (17) (4) (39) (91) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 716 $ 132 $ 1,174 $ 2,022 Effect of changes in discount rate assumptions — (5) — 6 1 Balance at March 31, 2023 $ — $ 711 $ 132 $ 1,180 $ 2,023 Present Value of Future Policy Benefits: Balance at January 1, 2023 $ 1,065 $ 1,319 $ 696 $ 6,439 $ 9,519 Beginning balance at original discount rate 1,155 1,313 669 6,569 9,706 Effect of changes in cash flow assumptions — 1 — (2) (1) Effect of actual variances from expected experience — 3 (9) (23) (29) Adjusted beginning of year balance $ 1,155 $ 1,317 $ 660 $ 6,544 $ 9,676 Issuances 31 13 3 — 47 Interest accrual 12 18 9 83 122 Benefit payments (40) (37) (10) (97) (184) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,158 $ 1,311 $ 662 $ 6,530 $ 9,661 Effect of changes in discount rate assumptions (68) 36 43 33 44 Balance at March 31, 2023 $ 1,090 $ 1,347 $ 705 $ 6,563 $ 9,705 Adjustment due to reserve flooring $ — $ 5 $ — $ — $ 5 Net liability for future policy benefits $ 1,090 $ 641 $ 573 $ 5,383 $ 7,687 Less: reinsurance recoverable 943 447 21 2,724 4,135 Net liability for future policy benefits, after reinsurance recoverable $ 147 $ 194 $ 552 $ 2,659 $ 3,552 Discounted expected future gross premiums $ — $ 1,887 $ 932 $ 1,370 $ 4,189 Expected future gross premiums $ — $ 3,165 $ 1,314 $ 1,857 $ 6,336 Expected future benefit payments $ 1,603 $ 2,231 $ 1,153 $ 11,100 $ 16,087 Weighted average interest accretion rate 4.2 % 6.4 % 6.2 % 5.2 % Weighted average discount rate 5.0 % 5.1 % 5.1 % 5.1 % Weighted average duration of liability (in years) 6 7 8 9 The annual review of LTC future policy benefit reserves in the third quarter of 2022 resulted in assumption updates that decreased the net liability for future policy benefits by $10 million, partially offset by a $4 million decrease to reinsurance recoverable, primarily reflecting updates to morbidity, premium rate increase and benefit reduction assumptions. Receivables included $4.3 billion and $4.2 billion of reinsurance recoverables as of March 31, 2023 and December 31, 2022, respectively, including $2.7 billion related to LTC risk ceded to Genworth as of both March 31, 2023 and December 31, 2022. The balances of and changes in additional liabilities related to insurance guarantees were as follows: Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,100 $ 74 $ 12 $ 1,186 Interest accrual 8 1 — 9 Benefit accrual 33 2 1 36 Benefit payments (12) (4) (1) (17) Effect of actual variances from expected experience (5) — (1) (6) Impact of change in net unrealized (gains) losses on securities 12 1 3 16 Balance at March 31, 2023 $ 1,136 $ 74 $ 14 $ 1,224 Weighted average interest accretion rate 2.9 % 7.1 % 3.9 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6 Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2022 $ 1,120 $ 76 $ 46 $ 1,242 Interest accrual 32 5 1 38 Benefit accrual 108 8 — 116 Benefit payments (43) (14) (4) (61) Effect of actual variances from expected experience (19) 2 (2) (19) Impact of change in net unrealized (gains) losses on securities (98) (3) (29) (130) Balance at December 31, 2022 $ 1,100 $ 74 $ 12 $ 1,186 Weighted average interest accretion rate 2.9 % 7.0 % 4.1 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6 The amount of revenue and interest recognized in the Statement of Operations was as follows: Three Months Ended March 31, 2023 Gross Premiums Interest Expense (in millions) Life contingent payout annuities $ 33 $ 12 Term and whole life insurance 42 10 Disability insurance 31 7 Long term care insurance 45 68 Total $ 151 $ 97 Years Ended December 31, 2022 2021 Gross Premiums Interest Expense Gross Premiums Interest Expense (in millions) Life contingent payout annuities $ 45 $ 49 $ 39 $ 53 Term and whole life insurance 169 39 166 41 Disability insurance 127 31 131 30 Long term care insurance 189 271 192 274 Total $ 530 $ 390 $ 528 $ 398 The following tables summarize the balances of and changes in unearned revenue, including the January 1, 2021 adoption of ASU 2018-12: Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Total, (in millions) Pre-adoption balance at December 31, 2020 $ 19 $ 76 $ — $ 95 Effect of shadow reserve adjustments 5 10 153 168 Post-adoption balance at January 1, 2021 24 86 153 263 Deferral of revenue 3 34 55 92 Amortization (1) (8) (13) (22) Balance at December 31, 2021 $ 26 $ 112 $ 195 $ 333 Balance at January 1, 2022 $ 26 $ 112 $ 195 $ 333 Deferral of revenue 2 48 54 104 Amortization (1) (10) (16) (27) Balance at December 31, 2022 $ 27 $ 150 $ 233 $ 410 Balance at January 1, 2023 $ 27 $ 150 $ 233 $ 410 Deferral of revenue — 14 13 27 Amortization — (3) (5) (8) Balance at March 31, 2023 $ 27 $ 161 $ 241 $ 429 Market risk benefits are contracts or contract features that both provide protection to the contractholder from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. Most of the variable annuity contracts issued by the Company contain a GMDB provision. The Company previously offered contracts containing GMWB, GMAB, or GMIB provisions. The GMDB provisions provide a specified minimum return upon death of the contractholder. The death benefit payable is the greater of (i) the contract value less any purchase payment credits subject to recapture less a pro-rata portion of any rider fees, or (ii) the GMDB provisions specified in the contract. The Company has the following primary GMDB provisions: • Return of premium — provides purchase payments minus adjusted partial surrenders. • Reset — provides that the value resets to the account value 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 could obtain a principal-back guarantee by purchasing the optional GMAB rider for an additional charge. The GMAB rider guarantees that, regardless of market performance at the end of the 10-year waiting period, the contract value will be no less than the original investment or a specified percentage of the highest anniversary value, adjusted for withdrawals. If the contract value is less than the guarantee at the end of the 10-year period, a lump sum will be added to the contract value to make the contract value equal to the guarantee value. Individual variable annuity contracts may have both a death benefit and a living benefit. Net amount at risk is quantified for each benefit and a composite net amount at risk is calculated using the greater of the death benefit or living benefit for each individual contract. The net amount at risk for GMDB and GMAB is defined as the current guaranteed benefit amount in excess of the current contract value. The net amount at risk for GMIB is defined as the greater of the present value of the minimum guaranteed annuity payments less the current contract value or zero. The net amount at risk for GMWB is defined as the greater of the present value of the minimum guaranteed withdrawal payments less the current contract value or zero. The following tables summarize the balances of and changes in market risk benefits, including the January 1, 2021 adoption of ASU 2018-12: Pre-adoption balance at December 31, 2020 $ 3,084 Effect of shadow reserve adjustments (3) Adjustments for the cumulative effect of the changes in instrument-specific credit risk on market risk benefits between the original contract issuance date and the transition date 670 Adjustments to the host contract for differences between previous carrying amount and fair value measurement for the market risk benefits under the option-based method of valuation 20 Adjustments for the remaining difference (exclusive of the instrument-specific credit risk change and host contract adjustments) between previous carrying amount and fair value measurements for the market risk benefits 1,058 Post-adoption balance at January 1, 2021 $ 4,829 Years Ended December 31, 2022 2021 (in millions, except age) Balance at beginning of period $ 2,901 $ 4,829 Issuances 27 45 Interest accrual and time decay (237) (294) Reserve increase from attributed fees collected 810 819 Reserve release for benefit payments and derecognition (29) (8) Effect of changes in interest rates and bond markets (4,193) (1,053) Effect of changes in equity markets and subaccount performance 2,258 (1,558) Effect of changes in equity index volatility 205 73 Actual policyholder behavior different from expected behavior 17 52 Effect of changes in other future expected assumptions (139) 123 Effect of changes in the instrument-specific credit risk on market risk benefits (517) (127) Balance at end of period $ 1,103 $ 2,901 Reconciliation of the gross balances in an asset or liability position: Asset position $ 1,015 $ 539 Liability position (2,118) (3,440) Net asset (liability) position $ (1,103) $ (2,901) Guaranteed benefit amount in excess of current account balances (net amount at risk): Death benefits $ 2,781 $ 251 Living benefits $ 3,364 $ 195 Composite (greater of) $ 5,830 $ 441 Weighted average attained age of contractholders 68 68 Changes in unrealized (gains) losses in net income relating to liabilities held at end of period $ (2,044) $ (2,502) Changes in unrealized (gains) losses in other comprehensive income relating to liabilities held at end of period $ (505) $ (102) Three Months Ended March 31, 2023 2022 (in millions, except age) Balance at beginning of period $ 1,103 $ 2,901 Issuances 4 8 Interest accrual and time decay (26) (86) Reserve increase from attributed fees collected 189 199 Reserve release for benefit payments and derecognition (9) (3) Effect of changes in interest rates and bond markets 504 (1,454) Effect of changes in equity markets and subaccount performance (392) 586 Effect of changes in equity index volatility (43) 55 Actual policyholder behavior different from expected behavior 7 20 Effect of changes in other future expected assumptions — — Effect of changes in the instrument-specific credit risk on market risk benefits (204) (385) Balance at end of period $ 1,133 $ 1,841 Reconciliation of the gross balances in an asset or liability position: Asset position $ 990 $ 742 Liability position (2,123) (2,583) Net asset (liability) position $ (1,133) $ (1,841) Guaranteed benefit amount in excess of current account balances (net amount at risk): Death benefits $ 1,956 $ 714 Living benefits $ 2,8

Separate Account Assets and Lia

Separate Account Assets and Liabilities	3 Months Ended
	Mar. 31, 2023
Insurance [Abstract]
Separate Account Assets and Liabilities	Separate Account Assets and Liabilities Aggregate fair value of separate account assets, by major asset category, consisted of the following: March 31, 2023 December 31, 2022 (in millions) Mutual funds $ 72,844 $ 70,876 Property/Real estate 1,894 1,876 Equity securities 706 679 Debt securities 308 279 Cash and cash equivalents 136 208 Other 53 44 Total $ 75,941 $ 73,962 The balances of and changes in separate account liabilities were as follows: Variable Annuities Variable Universal Life Threadneedle Investment Liabilities Total (in millions) Balance at January 1, 2023 $ 63,223 $ 7,653 $ 3,086 $ 73,962 Premiums and deposits 204 111 68 383 Policy charges (331) (71) (2) (404) Surrenders and other benefits (1,250) (71) (185) (1,506) Investment return 2,963 407 69 3,439 Net transfer from (to) general account 5 1 — 6 Other charges — — 61 61 Balance at March 31, 2023 $ 64,814 $ 8,030 $ 3,097 $ 75,941 Cash surrender value $ 63,086 $ 7,560 $ 3,097 $ 73,743 Variable Annuities Variable Universal Life Threadneedle Investment Liabilities Total (in millions) Balance at January 1, 2022 $ 82,862 $ 9,376 $ 5,253 $ 97,491 Premiums and deposits 1,067 425 252 1,744 Policy charges (1,396) (278) (11) (1,685) Surrenders and other benefits (4,923) (286) (1,548) (6,757) Investment return (14,450) (1,654) (273) (16,377) Net transfer from (to) general account 63 70 — 133 Other charges — — (587) (587) Balance at December 31, 2022 $ 63,223 $ 7,653 $ 3,086 $ 73,962 Cash surrender value $ 61,461 $ 7,200 $ 3,086 $ 71,747

Market Risk Benefits

Market Risk Benefits	3 Months Ended
	Mar. 31, 2023
Insurance [Abstract]
Market Risk Benefits	Policyholder Account Balances, Future Policy Benefits and Claims Policyholder account balances, future policy benefits and claims consisted of the following: March 31, 2023 December 31, 2022 (in millions) Policyholder account balances Policyholder account balances $ 25,545 $ 24,986 Future policy benefits Reserve for future policy benefits 7,687 7,495 Deferred profit liability 64 62 Additional liabilities for insurance guarantees 1,224 1,186 Other insurance and annuity liabilities 181 177 Total future policy benefits 9,156 8,920 Policy claims and other policyholders’ funds 231 226 Total policyholder account balances, future policy benefits and claims $ 34,932 $ 34,132 Variable Annuities Purchasers of variable annuities can select from a variety of investment options and can elect to allocate a portion to a fixed account. A vast majority of the premiums received for variable annuity contracts are held in separate accounts where the assets are held for the exclusive benefit of those contractholders. Most of the variable annuity contracts issued by the Company contain a GMDB. The Company previously offered contracts with GMAB, GMWB, and GMIB provisions. See Note 2 and Note 11 for additional information regarding the Company’s variable annuity guarantees. See Note 13 and Note 15 for additional information regarding the Company’s derivative instruments used to hedge risks related to these guarantees. Structured Variable Annuities Structured variable annuities provide contractholders the option to allocate a portion of their account value to an indexed account held in a non-insulated separate account with the contractholder’s rate of return, which may be positive or negative, tied to selected indices. The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. The Company hedges the equity and interest rate risk related to the indexed account with freestanding derivative instruments. Fixed Annuities Fixed annuities include deferred, payout and fixed deferred indexed annuity contracts. In 2020, the Company discontinued sales of fixed deferred and fixed deferred indexed annuities. Deferred contracts offer a guaranteed minimum rate of interest and security of the principal invested. Payout contracts guarantee a fixed income payment for life or the term of the contract. Liabilities for fixed annuities in a benefit or payout status are based on future estimated payments using established industry mortality tables and interest rates. The Company’s fixed index annuity product is a fixed annuity that includes an indexed account. The rate of interest credited for funds allocated to the indexed account is linked to the performance of the specific index for the indexed account (subject to a cap). The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. The Company hedges the interest credited rate including equity and interest rate risk related to the indexed account with freestanding derivative instruments. See Note 15 for additional information regarding the Company’s derivative instruments used to hedge the risk related to indexed accounts. Insurance Liabilities 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 of their account balance to a fixed account or a separate account. A vast majority of the premiums received for VUL policies are held in separate accounts where the assets are held for the exclusive benefit of those policyholders. IUL is a UL policy that includes an indexed account. The rate of credited interest for funds allocated by a contractholder to the indexed account is linked to the performance of the specific index for the indexed account (subject to stated account parameters, which include a cap and floor, or a spread). The policyholder may allocate all or a portion of the policy value to a fixed or any available indexed account. The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. The Company hedges the interest credited rate including equity and interest rate risk related to the indexed account with freestanding derivative instruments. See Note 15 for additional information regarding the Company’s derivative instruments used to hedge the risk related to IUL. The Company also offers term life insurance as well as DI products. The Company no longer offers standalone LTC products and whole life insurance but has in force policies from prior years. Insurance liabilities include accumulation values, incurred but not reported claims, obligations for anticipated future claims, unpaid reported claims and claim adjustment expenses. The balances of and changes in policyholder account balances were as follows: Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2023 $ 4,752 $ 6,410 $ 6,799 $ 312 $ 471 Contract deposits 17 656 13 — 22 Policy charges (2) — — — — Surrenders and other benefits (185) (18) (320) (2) (32) Net transfer from (to) separate account liabilities (5) — — — — Other variable account adjustments — 333 — — — Interest credited 37 — 57 — (1) Balance at March 31, 2023 $ 4,614 $ 7,381 $ 6,549 $ 310 $ 460 Weighted-average crediting rate 3.2 % 1.3 % 3.5 % 1.9 % N/A Cash surrender value (1) $ 4,584 $ 6,911 $ 6,538 $ 278 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,544 $ 1,520 $ 2,654 $ 524 $ 24,986 Contract deposits 31 54 49 (1) 841 Policy charges (44) (24) (30) — (100) Surrenders and other benefits (17) (23) (13) (11) (621) Net transfer from (to) separate account liabilities — (14) — — (19) Other variable account adjustments — — — — 333 Interest credited 13 12 2 5 125 Balance at March 31, 2023 $ 1,527 $ 1,525 $ 2,662 $ 517 $ 25,545 Weighted-average crediting rate 3.5 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 9,080 $ 57,134 $ 14,874 $ 147 Cash surrender value (1) $ 1,369 $ 1,053 $ 2,162 $ 342 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2022 $ 4,972 $ 4,458 $ 7,251 $ 323 $ 527 Contract deposits 146 2,784 55 — 53 Policy charges (8) — — — — Surrenders and other benefits (450) (41) (744) (17) (124) Net transfer from (to) separate account liabilities (60) — — — — Other variable account adjustments — (791) — — — Interest credited 152 — 237 6 15 Balance at December 31, 2022 $ 4,752 $ 6,410 $ 6,799 $ 312 $ 471 Weighted-average crediting rate 3.2 % 1.1 % 3.5 % 1.9 % N/A Cash surrender value (1) $ 4,720 $ 5,986 $ 6,786 $ 277 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2022 $ 1,602 $ 1,493 $ 2,534 $ 563 $ 23,723 Contract deposits 134 233 218 (3) 3,620 Policy charges (178) (91) (116) — (393) Surrenders and other benefits (67) (70) (50) (56) (1,619) Net transfer from (to) separate account liabilities — (102) — — (162) Other variable account adjustments — — — — (791) Interest credited 53 57 68 20 608 Balance at December 31, 2022 $ 1,544 $ 1,520 $ 2,654 $ 524 $ 24,986 Weighted-average crediting rate 3.6 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 9,187 $ 57,354 $ 15,043 $ 149 Cash surrender value (1) $ 1,382 $ 1,054 $ 2,148 $ 348 (1) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. For variable annuities and VUL, the cash surrender value shown is the proportion of the total cash surrender value related to their fixed account liabilities. Refer to Note 11 for the net amount at risk for market risk benefits associated with variable and structured variable annuities. Fixed, fixed indexed, and non-life contingent payout annuities do not have net amount at risk in excess of account value. Net amount at risk for insurance products is calculated as the death benefit amount in excess of applicable account values, host, embedded derivative, and separate account liabilities. The following tables present the account values of fixed deferred annuities, fixed insurance, and the fixed portion of variable annuities and variable insurance contracts by range of guaranteed minimum interest rates (“GMIRs”) and the range of the difference between rates credited to policyholders and contractholders as of March 31, 2023 and December 31, 2022 and the respective guaranteed minimums, as well as the percentage of account values subject to rate reset in the time period indicated. Rates are reset at management’s discretion, subject to guaranteed minimums. March 31, 2023 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 125 $ 130 $ 19 $ 2 $ — $ 276 2 % – 2.99% 167 — — — — 167 3 % – 3.99% 2,513 — — 1 — 2,514 4 % – 5.00% 1,598 — — — — 1,598 Total $ 4,403 $ 130 $ 19 $ 3 $ — $ 4,555 Fixed accounts of structured variable annuities 1 % – 1.99% $ 8 $ 12 $ 3 $ 1 $ 2 $ 26 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 8 $ 12 $ 3 $ 1 $ 2 $ 26 Fixed annuities 1 % – 1.99% $ 234 $ 538 $ 137 $ 31 $ 10 $ 950 2 % – 2.99% 63 — — — — 63 3 % – 3.99% 3,196 — — — — 3,196 4 % – 5.00% 2,322 — — — — 2,322 Total $ 5,815 $ 538 $ 137 $ 31 $ 10 $ 6,531 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ — $ 3 $ 7 $ 14 $ — $ 24 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ — $ 3 $ 7 $ 14 $ — $ 24 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 54 — 4 — — 58 3 % – 3.99% 877 — 3 2 — 882 4 % – 5.00% 556 — — — — 556 Total $ 1,487 $ — $ 7 $ 2 $ — $ 1,496 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable universal life insurance 1 % – 1.99% $ — $ 4 $ 3 $ — $ 13 $ 20 2 % – 2.99% 26 3 — 1 4 34 3 % – 3.99% 131 1 2 2 — 136 4 % – 5.00% 639 — — — — 639 Total $ 796 $ 8 $ 5 $ 3 $ 17 $ 829 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 3 $ — $ — $ 3 2 % – 2.99% 128 — — — — 128 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 128 $ — $ 3 $ — $ — $ 131 Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 32 — — — — 32 4 % – 5.00% 309 — — — — 309 Total $ 341 $ — $ — $ — $ — $ 341 Total 1 % – 1.99% $ 367 $ 687 $ 172 $ 48 $ 25 $ 1,299 2 % – 2.99% 438 3 4 1 4 450 3 % – 3.99% 6,749 1 5 5 — 6,760 4 % – 5.00% 5,424 — — — — 5,424 Total $ 12,978 $ 691 $ 181 $ 54 $ 29 $ 13,933 Percentage of total account values that reset in: Next 12 months 99.9 % 96.6 % 97.5 % 100.0 % 100.0 % 99.7 % > 12 months to 24 months — 3.2 2.4 — — 0.2 > 24 months 0.1 0.2 0.1 — — 0.1 Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % December 31, 2022 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 169 $ 102 $ 18 $ — $ — $ 289 2 % – 2.99% 177 — — — — 177 3 % – 3.99% 2,611 — — 1 — 2,612 4 % – 5.00% 1,611 — — — — 1,611 Total $ 4,568 $ 102 $ 18 $ 1 $ — $ 4,689 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of structured variable annuities 1 % – 1.99% $ 12 $ 7 $ 3 $ 1 $ — $ 23 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 12 $ 7 $ 3 $ 1 $ — $ 23 Fixed annuities 1 % – 1.99% $ 460 $ 402 $ 132 $ 33 $ 10 $ 1,037 2 % – 2.99% 67 — — — — 67 3 % – 3.99% 3,344 — — — — 3,344 4 % – 5.00% 2,333 — — — — 2,333 Total $ 6,204 $ 402 $ 132 $ 33 $ 10 $ 6,781 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ 1 $ 3 $ 7 $ 14 $ — $ 25 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 1 $ 3 $ 7 $ 14 $ — $ 25 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 55 — 1 — — 56 3 % – 3.99% 885 1 2 — — 888 4 % – 5.00% 569 — — — — 569 Total $ 1,509 $ 1 $ 3 $ — $ — $ 1,513 Fixed accounts of variable universal life insurance 1 % – 1.99% $ 4 $ 3 $ 2 $ — $ 9 $ 18 2 % – 2.99% 30 — 1 2 2 35 3 % – 3.99% 134 1 1 1 — 137 4 % – 5.00% 648 — — — — 648 Total $ 816 $ 4 $ 4 $ 3 $ 11 $ 838 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 3 $ — $ — $ 3 2 % – 2.99% 126 — — — — 126 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 126 $ — $ 3 $ — $ — $ 129 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 32 — — — — 32 4 % – 5.00% 314 — — — — 314 Total $ 346 $ — $ — $ — $ — $ 346 Total 1 % – 1.99% $ 646 $ 517 $ 165 $ 48 $ 19 $ 1,395 2 % – 2.99% 455 — 2 2 2 461 3 % – 3.99% 7,006 2 3 2 — 7,013 4 % – 5.00% 5,475 — — — — 5,475 Total $ 13,582 $ 519 $ 170 $ 52 $ 21 $ 14,344 Percentage of total account values that reset in: Next 12 months 99.8 % 96.3 % 93.8 % 100.0 % 100.0 % 99.6 % > 12 months to 24 months 0.1 3.0 5.8 — — 0.3 > 24 months 0.1 0.7 0.4 — — 0.1 Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % The following tables summarize the balances of and changes in the liability for future policy benefits, including the January 1, 2021 adoption of ASU 2018-12: Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Long Term Care Insurance Total, All Products (in millions) Pre-adoption balance at December 31, 2020 $ 1,536 $ 633 $ 530 $ 5,749 $ 8,448 Effect of shadow reserve adjustments (175) — — (566) (741) Adjustments for loss contracts (with premiums in excess of gross premiums) under the modified retrospective approach 4 — — 35 39 Effect of change in deferred profit liability (43) — — — (43) Effect of remeasurement of the liability at the current single A discount rate 215 265 238 1,965 2,683 Post-adoption balance at January 1, 2021 1,537 898 768 7,183 10,386 Less: reinsurance recoverable — 601 24 3,623 4,248 Post-adoption balance at January 1, 2021, after $ 1,537 $ 297 $ 744 $ 3,560 $ 6,138 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2021 $ — $ 702 $ 238 $ 1,831 $ 2,771 Beginning balance at original discount rate — 536 183 1,498 2,217 Effect of changes in cash flow assumptions — — — (6) (6) Effect of actual variances from expected experience — 56 (35) (61) (40) Adjusted beginning of year balance $ — $ 592 $ 148 $ 1,431 $ 2,171 Issuances 38 78 18 — 134 Interest accrual — 29 9 73 111 Net premiums collected (38) (63) (20) (184) (305) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 636 $ 155 $ 1,320 $ 2,111 Effect of changes in discount rate assumptions — 141 33 227 401 Balance at December 31, 2021 $ — $ 777 $ 188 $ 1,547 $ 2,512 Present Value of Future Policy Benefits: Balance at January 1, 2021 $ 1,537 $ 1,600 $ 1,006 $ 9,014 $ 13,157 Beginning balance at original discount rate 1,321 1,169 714 6,716 9,920 Effect of changes in cash flow assumptions — — — (8) (8) Effect of actual variances from expected experience (14) 58 (40) (124) (120) Adjusted beginning of year balance $ 1,307 $ 1,227 $ 674 $ 6,584 $ 9,792 Issuances 39 78 18 — 135 Interest accrual 53 70 39 347 509 Benefit payments (168) (120) (43) (336) (667) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,231 $ 1,255 $ 688 $ 6,595 $ 9,769 Effect of changes in discount rate assumptions 139 343 226 1,755 2,463 Balance at December 31, 2021 $ 1,370 $ 1,598 $ 914 $ 8,350 $ 12,232 Adjustment due to reserve flooring $ — $ 1 $ — $ — $ 1 Net liability for future policy benefits $ 1,370 $ 822 $ 726 $ 6,803 $ 9,721 Less: reinsurance recoverable 1,265 558 25 3,443 5,291 Net liability for future policy benefits, after reinsurance recoverable $ 105 $ 264 $ 701 $ 3,360 $ 4,430 Discounted expected future gross premiums $ — $ 2,005 $ 1,158 $ 1,623 $ 4,786 Expected future gross premiums $ — $ 2,815 $ 1,395 $ 1,905 $ 6,115 Expected future benefit payments $ 1,707 $ 2,159 $ 1,217 $ 11,568 $ 16,651 Weighted average interest accretion rate 4.2 % 6.5 % 5.9 % 5.3 % Weighted average discount rate 2.6 % 2.8 % 2.8 % 2.9 % Weighted average duration of liability (in years) 7 8 9 10 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2022 $ — $ 777 $ 188 $ 1,547 $ 2,512 Beginning balance at original discount rate — 636 155 1,320 2,111 Effect of changes in cash flow assumptions — 1 1 52 54 Effect of actual variances from expected experience — 47 (22) (48) (23) Adjusted beginning of year balance $ — $ 684 $ 134 $ 1,324 $ 2,142 Issuances 42 57 12 — 111 Interest accrual — 34 7 65 106 Net premiums collected (42) (67) (16) (169) (294) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 708 $ 137 $ 1,220 $ 2,065 Effect of changes in discount rate assumptions — (22) (3) (13) (38) Balance at December 31, 2022 $ — $ 686 $ 134 $ 1,207 $ 2,027 Present Value of Future Policy Benefits: Balance at January 1, 2022 $ 1,370 $ 1,598 $ 914 $ 8,350 $ 12,232 Beginning balance at original discount rate 1,231 1,255 688 6,595 9,769 Effect of changes in cash flow assumptions — (8) 1 42 35 Effect of actual variances from expected experience (13) 52 (28) (36) (25) Adjusted beginning of year balance $ 1,218 $ 1,299 $ 661 $ 6,601 $ 9,779 Issuances 42 57 12 — 111 Interest accrual 49 73 38 336 496 Benefit payments (154) (116) (42) (368) (680) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,155 $ 1,313 $ 669 $ 6,569 $ 9,706 Effect of changes in discount rate assumptions (90) 6 27 (130) (187) Balance at December 31, 2022 $ 1,065 $ 1,319 $ 696 $ 6,439 $ 9,519 Adjustment due to reserve flooring $ — $ 3 $ — $ — $ 3 Net liability for future policy benefits $ 1,065 $ 636 $ 562 $ 5,232 $ 7,495 Less: reinsurance recoverable 949 443 19 2,649 4,060 Net liability for future policy benefits, after reinsurance recoverable $ 116 $ 193 $ 543 $ 2,583 $ 3,435 Discounted expected future gross premiums $ — $ 1,855 $ 926 $ 1,381 $ 4,162 Expected future gross premiums $ — $ 3,183 $ 1,331 $ 1,908 $ 6,422 Expected future benefit payments $ 1,595 $ 2,234 $ 1,169 $ 11,229 $ 16,227 Weighted average interest accretion rate 4.1 % 6.4 % 6.1 % 5.2 % Weighted average discount rate 5.2 % 5.5 % 5.4 % 5.4 % Weighted average duration of liability (in years) 6 7 8 9 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2023 $ — $ 686 $ 134 $ 1,207 $ 2,027 Beginning balance at original discount rate — 708 137 1,220 2,065 Effect of changes in cash flow assumptions — 1 — (1) — Effect of actual variances from expected experience — 3 (6) (21) (24) Adjusted beginning of year balance $ — $ 712 $ 131 $ 1,198 $ 2,041 Issuances 31 13 3 — 47 Interest accrual — 8 2 15 25 Net premiums collected (31) (17) (4) (39) (91) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 716 $ 132 $ 1,174 $ 2,022 Effect of changes in discount rate assumptions — (5) — 6 1 Balance at March 31, 2023 $ — $ 711 $ 132 $ 1,180 $ 2,023 Present Value of Future Policy Benefits: Balance at January 1, 2023 $ 1,065 $ 1,319 $ 696 $ 6,439 $ 9,519 Beginning balance at original discount rate 1,155 1,313 669 6,569 9,706 Effect of changes in cash flow assumptions — 1 — (2) (1) Effect of actual variances from expected experience — 3 (9) (23) (29) Adjusted beginning of year balance $ 1,155 $ 1,317 $ 660 $ 6,544 $ 9,676 Issuances 31 13 3 — 47 Interest accrual 12 18 9 83 122 Benefit payments (40) (37) (10) (97) (184) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,158 $ 1,311 $ 662 $ 6,530 $ 9,661 Effect of changes in discount rate assumptions (68) 36 43 33 44 Balance at March 31, 2023 $ 1,090 $ 1,347 $ 705 $ 6,563 $ 9,705 Adjustment due to reserve flooring $ — $ 5 $ — $ — $ 5 Net liability for future policy benefits $ 1,090 $ 641 $ 573 $ 5,383 $ 7,687 Less: reinsurance recoverable 943 447 21 2,724 4,135 Net liability for future policy benefits, after reinsurance recoverable $ 147 $ 194 $ 552 $ 2,659 $ 3,552 Discounted expected future gross premiums $ — $ 1,887 $ 932 $ 1,370 $ 4,189 Expected future gross premiums $ — $ 3,165 $ 1,314 $ 1,857 $ 6,336 Expected future benefit payments $ 1,603 $ 2,231 $ 1,153 $ 11,100 $ 16,087 Weighted average interest accretion rate 4.2 % 6.4 % 6.2 % 5.2 % Weighted average discount rate 5.0 % 5.1 % 5.1 % 5.1 % Weighted average duration of liability (in years) 6 7 8 9 The annual review of LTC future policy benefit reserves in the third quarter of 2022 resulted in assumption updates that decreased the net liability for future policy benefits by $10 million, partially offset by a $4 million decrease to reinsurance recoverable, primarily reflecting updates to morbidity, premium rate increase and benefit reduction assumptions. Receivables included $4.3 billion and $4.2 billion of reinsurance recoverables as of March 31, 2023 and December 31, 2022, respectively, including $2.7 billion related to LTC risk ceded to Genworth as of both March 31, 2023 and December 31, 2022. The balances of and changes in additional liabilities related to insurance guarantees were as follows: Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,100 $ 74 $ 12 $ 1,186 Interest accrual 8 1 — 9 Benefit accrual 33 2 1 36 Benefit payments (12) (4) (1) (17) Effect of actual variances from expected experience (5) — (1) (6) Impact of change in net unrealized (gains) losses on securities 12 1 3 16 Balance at March 31, 2023 $ 1,136 $ 74 $ 14 $ 1,224 Weighted average interest accretion rate 2.9 % 7.1 % 3.9 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6 Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2022 $ 1,120 $ 76 $ 46 $ 1,242 Interest accrual 32 5 1 38 Benefit accrual 108 8 — 116 Benefit payments (43) (14) (4) (61) Effect of actual variances from expected experience (19) 2 (2) (19) Impact of change in net unrealized (gains) losses on securities (98) (3) (29) (130) Balance at December 31, 2022 $ 1,100 $ 74 $ 12 $ 1,186 Weighted average interest accretion rate 2.9 % 7.0 % 4.1 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6 The amount of revenue and interest recognized in the Statement of Operations was as follows: Three Months Ended March 31, 2023 Gross Premiums Interest Expense (in millions) Life contingent payout annuities $ 33 $ 12 Term and whole life insurance 42 10 Disability insurance 31 7 Long term care insurance 45 68 Total $ 151 $ 97 Years Ended December 31, 2022 2021 Gross Premiums Interest Expense Gross Premiums Interest Expense (in millions) Life contingent payout annuities $ 45 $ 49 $ 39 $ 53 Term and whole life insurance 169 39 166 41 Disability insurance 127 31 131 30 Long term care insurance 189 271 192 274 Total $ 530 $ 390 $ 528 $ 398 The following tables summarize the balances of and changes in unearned revenue, including the January 1, 2021 adoption of ASU 2018-12: Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Total, (in millions) Pre-adoption balance at December 31, 2020 $ 19 $ 76 $ — $ 95 Effect of shadow reserve adjustments 5 10 153 168 Post-adoption balance at January 1, 2021 24 86 153 263 Deferral of revenue 3 34 55 92 Amortization (1) (8) (13) (22) Balance at December 31, 2021 $ 26 $ 112 $ 195 $ 333 Balance at January 1, 2022 $ 26 $ 112 $ 195 $ 333 Deferral of revenue 2 48 54 104 Amortization (1) (10) (16) (27) Balance at December 31, 2022 $ 27 $ 150 $ 233 $ 410 Balance at January 1, 2023 $ 27 $ 150 $ 233 $ 410 Deferral of revenue — 14 13 27 Amortization — (3) (5) (8) Balance at March 31, 2023 $ 27 $ 161 $ 241 $ 429 Market risk benefits are contracts or contract features that both provide protection to the contractholder from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. Most of the variable annuity contracts issued by the Company contain a GMDB provision. The Company previously offered contracts containing GMWB, GMAB, or GMIB provisions. The GMDB provisions provide a specified minimum return upon death of the contractholder. The death benefit payable is the greater of (i) the contract value less any purchase payment credits subject to recapture less a pro-rata portion of any rider fees, or (ii) the GMDB provisions specified in the contract. The Company has the following primary GMDB provisions: • Return of premium — provides purchase payments minus adjusted partial surrenders. • Reset — provides that the value resets to the account value 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 could obtain a principal-back guarantee by purchasing the optional GMAB rider for an additional charge. The GMAB rider guarantees that, regardless of market performance at the end of the 10-year waiting period, the contract value will be no less than the original investment or a specified percentage of the highest anniversary value, adjusted for withdrawals. If the contract value is less than the guarantee at the end of the 10-year period, a lump sum will be added to the contract value to make the contract value equal to the guarantee value. Individual variable annuity contracts may have both a death benefit and a living benefit. Net amount at risk is quantified for each benefit and a composite net amount at risk is calculated using the greater of the death benefit or living benefit for each individual contract. The net amount at risk for GMDB and GMAB is defined as the current guaranteed benefit amount in excess of the current contract value. The net amount at risk for GMIB is defined as the greater of the present value of the minimum guaranteed annuity payments less the current contract value or zero. The net amount at risk for GMWB is defined as the greater of the present value of the minimum guaranteed withdrawal payments less the current contract value or zero. The following tables summarize the balances of and changes in market risk benefits, including the January 1, 2021 adoption of ASU 2018-12: Pre-adoption balance at December 31, 2020 $ 3,084 Effect of shadow reserve adjustments (3) Adjustments for the cumulative effect of the changes in instrument-specific credit risk on market risk benefits between the original contract issuance date and the transition date 670 Adjustments to the host contract for differences between previous carrying amount and fair value measurement for the market risk benefits under the option-based method of valuation 20 Adjustments for the remaining difference (exclusive of the instrument-specific credit risk change and host contract adjustments) between previous carrying amount and fair value measurements for the market risk benefits 1,058 Post-adoption balance at January 1, 2021 $ 4,829 Years Ended December 31, 2022 2021 (in millions, except age) Balance at beginning of period $ 2,901 $ 4,829 Issuances 27 45 Interest accrual and time decay (237) (294) Reserve increase from attributed fees collected 810 819 Reserve release for benefit payments and derecognition (29) (8) Effect of changes in interest rates and bond markets (4,193) (1,053) Effect of changes in equity markets and subaccount performance 2,258 (1,558) Effect of changes in equity index volatility 205 73 Actual policyholder behavior different from expected behavior 17 52 Effect of changes in other future expected assumptions (139) 123 Effect of changes in the instrument-specific credit risk on market risk benefits (517) (127) Balance at end of period $ 1,103 $ 2,901 Reconciliation of the gross balances in an asset or liability position: Asset position $ 1,015 $ 539 Liability position (2,118) (3,440) Net asset (liability) position $ (1,103) $ (2,901) Guaranteed benefit amount in excess of current account balances (net amount at risk): Death benefits $ 2,781 $ 251 Living benefits $ 3,364 $ 195 Composite (greater of) $ 5,830 $ 441 Weighted average attained age of contractholders 68 68 Changes in unrealized (gains) losses in net income relating to liabilities held at end of period $ (2,044) $ (2,502) Changes in unrealized (gains) losses in other comprehensive income relating to liabilities held at end of period $ (505) $ (102) Three Months Ended March 31, 2023 2022 (in millions, except age) Balance at beginning of period $ 1,103 $ 2,901 Issuances 4 8 Interest accrual and time decay (26) (86) Reserve increase from attributed fees collected 189 199 Reserve release for benefit payments and derecognition (9) (3) Effect of changes in interest rates and bond markets 504 (1,454) Effect of changes in equity markets and subaccount performance (392) 586 Effect of changes in equity index volatility (43) 55 Actual policyholder behavior different from expected behavior 7 20 Effect of changes in other future expected assumptions — — Effect of changes in the instrument-specific credit risk on market risk benefits (204) (385) Balance at end of period $ 1,133 $ 1,841 Reconciliation of the gross balances in an asset or liability position: Asset position $ 990 $ 742 Liability position (2,123) (2,583) Net asset (liability) position $ (1,133) $ (1,841) Guaranteed benefit amount in excess of current account balances (net amount at risk): Death benefits $ 1,956 $ 714 Living benefits $ 2,8

Debt

Debt	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt	Debt The balances and stated interest rates of outstanding debt of Ameriprise Financial were as follows: Outstanding Balance Stated Interest Rate March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 (in millions) Long-term debt: 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 Senior notes due 2032 500 500 4.5 4.5 Senior notes due 2033 750 — 5.2 — Finance lease liabilities 28 30 N/A N/A Other (1) (18) (9) N/A N/A Total long-term debt 3,560 2,821 Short-term borrowings: Federal Home Loan Bank (“FHLB”) advances 201 201 5.1 % 4.6 % Total $ 3,761 $ 3,022 (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. On March 9, 2023, the Company issued $750 million of 5.15% unsecured senior notes due May 15, 2033 and incurred debt issuance costs of $7 million. Interest payments are due semi-annually in arrears on May 15 and November 15, which commences on November 15, 2023. 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 of commercial mortgage backed securities as of both March 31, 2023 and December 31, 2022, and $495 million and $479 million of residential mortgage backed securities as of March 31, 2023 and December 31, 2022, respectively. The remaining maturity of outstanding FHLB advances was less than three months as of both March 31, 2023 and December 31, 2022. 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. In June 2021, the Company entered into an amended and restated credit agreement that provides for an unsecured revolving credit facility of up to $1.0 billion that expires in June 2026. Under the terms of the credit agreement for the facility, the Company may increase the amount of this facility up to $1.25 billion upon satisfaction of certain approval requirements. As of both March 31, 2023 and December 31, 2022, the Company had no borrowings outstanding and $1 million of letters of credit issued against the facility. The Company’s credit facility contains various administrative, reporting, legal and financial covenants. The Company was in compliance with all such covenants as of both March 31, 2023 and December 31, 2022. American Enterprise Investment Services, Inc. (“AEIS”), a subsidiary of the Company, has credit agreements for uncommitted lines of credit with third party financial institutions, having a combined credit limit of $500 million. As of both March 31, 2023 and December 31, 2022, AEIS had no borrowings outstanding.

Fair Values of Assets and Liabi

Fair Values of Assets and Liabilities	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Values of Assets and Liabilities	Fair Values of Assets and Liabilities GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; that is, an exit price. The exit price assumes the asset or liability is not exchanged subject to a forced liquidation or distressed sale. Valuation Hierarchy The Company categorizes its fair value measurements according to a three-level hierarchy. The hierarchy prioritizes the inputs used by the Company’s valuation techniques. A level is assigned to each fair value measurement based on the lowest level input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are defined as follows: Level 1 Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date. Level 2 Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities. Level 3 Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. The following tables present the balances of assets and liabilities of Ameriprise Financial measured at fair value on a recurring basis (See Note 5 for the balances of assets and liabilities for consolidated investment entities): March 31, 2023 Level 1 Level 2 Level 3 Total (in millions) Assets Cash equivalents $ 1,421 $ 4,446 $ — $ 5,867 Available-for-Sale securities: Corporate debt securities — 10,070 440 10,510 Residential mortgage backed securities — 17,663 — 17,663 Commercial mortgage backed securities — 6,465 — 6,465 Asset backed securities — 7,239 5 7,244 State and municipal obligations — 820 — 820 U.S. government and agency obligations 2,136 — — 2,136 Foreign government bonds and obligations — 28 — 28 Other securities — 17 — 17 Total Available-for-Sale securities 2,136 42,302 445 44,883 Investments at net asset value (“NAV”) 10 (1) Trading and other securities 222 16 — 238 Separate account assets at NAV 75,941 (1) Investments and cash equivalents segregated for regulatory purposes 694 — — 694 Market risk benefits — — 990 990 (2) Receivables: Fixed deferred indexed annuity ceded embedded derivatives — — 48 48 Other assets: Interest rate derivative contracts 6 330 — 336 Equity derivative contracts 140 3,120 — 3,260 Credit derivative contracts — 1 — 1 Foreign exchange derivative contracts 5 32 — 37 Total other assets 151 3,483 — 3,634 Total assets at fair value $ 4,624 $ 50,247 $ 1,483 $ 132,305 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives $ — $ 3 $ 44 $ 47 IUL embedded derivatives — — 771 771 Structured variable annuity embedded derivatives — — 142 142 Total policyholder account balances, future policy benefits and claims — 3 957 960 (3) Market risk benefits — — 2,123 2,123 (2) Customer deposits — 6 — 6 Other liabilities: Interest rate derivative contracts 9 318 — 327 Equity derivative contracts 181 2,528 — 2,709 Credit derivative contracts — 52 — 52 Foreign exchange derivative contracts — 4 — 4 Other 215 3 70 288 Total other liabilities 405 2,905 70 3,380 Total liabilities at fair value $ 405 $ 2,914 $ 3,150 $ 6,469 December 31, 2022 Level 1 Level 2 Level 3 Total (in millions) Assets Cash equivalents $ 1,268 $ 3,835 $ — $ 5,103 Available-for-Sale securities: Corporate debt securities — 9,293 405 9,698 Residential mortgage backed securities — 15,703 — 15,703 Commercial mortgage backed securities — 6,212 — 6,212 Asset backed securities — 6,258 6 6,264 State and municipal obligations — 797 — 797 U.S. government and agency obligations 2,079 — — 2,079 Foreign government bonds and obligations — 41 — 41 Other securities — 17 — 17 Total Available-for-Sale securities 2,079 38,321 411 40,811 Investments at NAV 9 (1) Trading and other securities 211 16 — 227 Separate account assets at NAV 73,962 (1) Investments and cash equivalents segregated for regulatory purposes 646 — — 646 Market risk benefits — — 1,015 1,015 (2) Receivables: Fixed deferred indexed annuity ceded embedded derivatives — — 48 48 Other assets: Interest rate derivative contracts 7 260 — 267 Equity derivative contracts 129 2,575 — 2,704 Credit derivative contracts — 13 — 13 Foreign exchange derivative contracts — 36 — 36 Total other assets 136 2,884 — 3,020 Total assets at fair value $ 4,340 $ 45,056 $ 1,474 $ 124,841 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives $ — $ 3 $ 44 $ 47 IUL embedded derivatives — — 739 739 Structured variable annuity embedded derivatives — — (137) (137) (4) Total policyholder account balances, future policy benefits and claims — 3 646 649 (5) Market risk benefits — — 2,118 2,118 (2) Customer deposits — 4 — 4 Other liabilities: Interest rate derivative contracts 4 351 — 355 Equity derivative contracts 139 2,238 — 2,377 Credit derivative contracts — 2 — 2 Foreign exchange derivative contracts 6 8 — 14 Other 205 5 62 272 Total other liabilities 354 2,604 62 3,020 Total liabilities at fair value $ 354 $ 2,611 $ 2,826 $ 5,791 (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) See Note 11 for additional information related to market risk benefits, including the balances of and changes in market risk benefits as well as the significant inputs and assumptions used in the fair value measurements of market risk benefits. (3) The Company’s adjustment for nonperformance risk resulted in a $200 million cumulative decrease to the embedded derivatives as of March 31, 2023. (4) The fair value of the structured variable annuity embedded derivatives was a net asset as of December 31, 2022 and the amount is presented as a contra liability. (5) The Company’s adjustment for nonperformance risk resulted in a $139 million cumulative decrease to the embedded derivatives as of December 31, 2022. The following tables provide a summary of changes in Level 3 assets and liabilities of Ameriprise Financial measured at fair value on a recurring basis: Available-for-Sale Securities Receivables Corporate Debt Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2023 $ 405 $ 6 $ 411 $ 48 Total gains (losses) included in: Other comprehensive income (loss) 8 — 8 — Purchases 55 — 55 — Settlements (28) (1) (29) — Balance at March 31, 2023 $ 440 $ 5 $ 445 $ 48 Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at March 31, 2023 $ 8 $ — $ 8 $ — Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2023 $ 44 $ 739 $ (137) (3) $ 646 $ 62 Total (gains) losses included in: Net income 1 (1) 38 (1) 263 (2) 302 — Other comprehensive income (loss) — — — — 1 Issues — 24 12 36 14 Settlements (1) (30) 4 (27) (7) Balance at March 31, 2023 $ 44 $ 771 $ 142 $ 957 $ 70 Changes in unrealized (gains) losses in net income relating to liabilities held at March 31, 2023 $ — $ 38 (1) $ 263 (2) $ 301 $ — Available-for-Sale Securities Receivables Corporate Debt Securities Commercial Mortgage Backed Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2022 $ 502 $ 35 $ 7 $ 544 $ 59 Total gains (losses) included in: Net income — — — — (3) Other comprehensive income (loss) (22) — — (22) — Purchases 23 112 — 135 — Settlements (6) — — (6) (1) Transfers out of Level 3 — (35) — (35) — Balance at March 31, 2022 $ 497 $ 112 $ 7 $ 616 $ 55 Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at March 31, 2022 $ (21) $ — $ — $ (21) $ — Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2022 $ 56 $ 905 $ 406 $ 1,367 $ 61 Total (gains) losses included in: Net income (3) (1) (32) (1) (124) (2) (159) — Other comprehensive income (loss) — — — — (1) Issues — — 4 4 8 Settlements (1) (25) (6) (32) (6) Balance at March 31, 2022 $ 52 $ 848 $ 280 $ 1,180 $ 62 Changes in unrealized (gains) losses in net income relating to liabilities held at March 31, 2022 $ — $ (32) (1) $ — $ (32) $ — (1) Included in Interest credited to fixed accounts. (2) Included in Benefits, claims, losses and settlement expenses. (3) The fair value of the structured variable annuity embedded derivatives was a net asset as of January 1, 2023 and the amount is presented as a contra liability. The increase (decrease) to pretax income of the Company’s adjustment for nonperformance risk on the fair value of its embedded derivatives was $57 million and $33 million, net of the reinsurance accrual, for the three months ended March 31, 2023 and 2022, respectively. Securities transferred from Level 3 primarily represent securities with fair values that are now obtained from a third-party pricing service with observable inputs or fair values that were included in an observable transaction with a market participant. Securities transferred to Level 3 represent securities with fair values that are now based on a single non-binding broker quote. The following tables provide a summary of the significant unobservable inputs used in the fair value measurements developed by the Company or reasonably available to the Company of Level 3 assets and liabilities: March 31, 2023 Fair Value Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 439 Discounted cash flow Yield/spread to U.S. Treasuries (1) 1.0% – 2.8% 1.4% Asset backed securities $ 1 Discounted cash flow Annual short-term default rate (2) 1.3% 1.3% Annual long-term default rate (2) 3.5% 3.5% Discount rate 27.0% 27.0% Constant prepayment rate 10.0% 10.0% Loss recovery 63.6% 63.6% Fixed deferred indexed annuity ceded embedded derivatives $ 48 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Fixed deferred indexed annuity embedded derivatives $ 44 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Nonperformance risk (4) 115 bps 115 bps IUL embedded derivatives $ 771 Discounted cash flow Nonperformance risk (4) 115 bps 115 bps Structured variable annuity embedded derivatives $ 142 Discounted cash flow Surrender rate (3) 2.4% – 49.5% 2.8% Nonperformance risk (4) 115 bps 115 bps Contingent consideration liabilities $ 70 Discounted cash flow Discount rate (5) 0.0% – 10.5% 2.9% December 31, 2022 Fair Value Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 404 Discounted cash flow Yield/spread to U.S. Treasuries (1) 1.1% – 2.3% 1.4% Asset backed securities $ 1 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 27.0% 27.0% Constant prepayment rate 10.0% 10.0% Loss recovery 63.6% 63.6% Fixed deferred indexed annuity ceded embedded derivatives $ 48 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Fixed deferred indexed annuity embedded derivatives $ 44 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Nonperformance risk (4) 95 bps 95 bps IUL embedded derivatives $ 739 Discounted cash flow Nonperformance risk (4) 95 bps 95 bps Structured variable annuity embedded derivatives $ (137) (6) Discounted cash flow Surrender rate (3) 0.8% – 40.0% 0.9% Nonperformance risk (4) 95 bps 95 bps Contingent consideration liabilities $ 62 Discounted cash flow Discount rate (5) 0.0% – 10.5% 3.3% (1) The weighted average for the yield/spread to U.S. Treasuries for corporate debt securities (private placements) is weighted based on the security’s market value as a percentage of the aggregate market value of the securities. (2) The weighted average 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 weighted average surrender rate represents the average assumption weighted based on the account value of each contract. (4) The nonperformance risk is the spread added to the U.S. Treasury curve. (5) The weighted average discount rate represents the average discount rate across all contingent consideration liabilities, weighted based on the size of the contingent consideration liability. (6) The fair value of the structured variable annuity embedded derivatives was a net asset as of December 31, 2022 and the amount is presented as a contra liability. Level 3 measurements not included in the tables above are obtained from non-binding broker quotes where unobservable inputs utilized in the fair value calculation are not reasonably available to the Company. Uncertainty of Fair Value Measurements Significant increases (decreases) in the yield/spread to U.S. Treasuries used in the fair value measurement of Level 3 corporate debt securities 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 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 trading 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, foreign government securities and other 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 The Company reinsured its fixed deferred indexed annuity products which have an indexed account that is accounted for as an embedded derivative. The Company uses discounted cash flow models to determine the fair value of these ceded embedded derivatives. The fair value of fixed deferred indexed annuity ceded embedded derivatives includes significant observable interest rates, volatilities and equity index levels and significant unobservable surrender rates. Given the significance of the unobservable surrender rates, these embedded derivatives are classified as Level 3. Other Assets Derivatives that are measured using quoted prices in active markets, such as derivatives that are exchange-traded, are classified as Level 1 measurements. The variation margin on futures contracts is also classified as Level 1. The fair value of derivatives that are traded in less active over-the-counter (“OTC”) markets is generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These measurements are classified as Level 2 within the fair value hierarchy and include swaps, foreign currency forwards and the majority of options. The counterparties’ nonperformance risk associated with uncollateralized derivative assets was immaterial as of both March 31, 2023 and December 31, 2022. See Note 14 and Note 15 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 fixed deferred indexed annuity, structured variable annuity and IUL products. The Company uses a discounted cash flow model to determine the fair value of the embedded derivatives associated with the provisions of its equity index annuity product. The projected cash flows generated by this model are based on significant observable inputs related to interest rates, volatilities and equity index levels and, therefore, are classified as Level 2. The Company uses discounted cash flow models to determine the fair value of the embedded derivatives associated with the provisions of its fixed deferred indexed annuity, structured variable annuity and IUL products. The structured variable annuity product is a limited flexible purchase payment annuity that offers 45 different indexed account options providing equity market exposure and a fixed account. Each indexed account includes a protection option (a buffer or a floor). If the index has a negative return, contractholder losses will be reduced by a buffer or limited to a floor. The portion allocated to an indexed account is accounted for as an embedded derivative. The fair value of fixed deferred indexed annuity, structured variable annuity and IUL embedded derivatives includes significant observable interest rates, volatilities and equity index levels and significant unobservable surrender rates and the estimate of the Company’s nonperformance risk. Given the significance of the unobservable surrender rates and the nonperformance risk assumption, the fixed deferred indexed annuity, structured variable annuity and IUL embedded derivatives are classified as Level 3. The embedded derivatives attributable to these provisions are recorded in Policyholder account balances, future policy benefits and claims. Customer Deposits The Company uses Black-Scholes models 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 both March 31, 2023 and December 31, 2022. See Note 14 and Note 15 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 trading 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 $54 million and $58 million as of March 31, 2023 and December 31, 2022, respectively, and is classified as Level 3 in the fair value hierarchy. Assets and Liabilities Not Reported at Fair Value The following tables provide the carrying value and the estimated fair value of financial instruments that are not reported at fair value: March 31, 2023 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial Assets Mortgage loans, net $ 1,997 $ — $ 137 $ 1,700 $ 1,837 Policy loans 861 — 861 — 861 Receivables 9,985 162 1,657 7,003 8,822 Restricted and segregated cash 1,290 1,290 — — 1,290 Other investments and assets 350 — 303 46 349 Financial Liabilities Policyholder account balances, future policy benefits and claims $ 14,828 $ — $ — $ 13,014 $ 13,014 Investment certificate reserves 11,096 — — 11,033 11,033 Banking and brokerage deposits 22,862 22,862 — — 22,862 Separate account liabilities — investment contracts 3,411 — 3,411 — 3,411 Debt and other liabilities 3,964 208 3,663 7 3,878 December 31, 2022 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial Assets Mortgage loans, net $ 1,987 $ — $ 105 $ 1,695 $ 1,800 Policy loans 847 — 847 — 847 Receivables 10,287 199 1,742 6,996 8,937 Restricted and segregated cash 1,583 1,583 — — 1,583 Other investments and assets 375 — 323 51 374 Financial Liabilities Policyholder account balances, future policy benefits and claims $ 14,450 $ — $ — $ 12,470 $ 12,470 Investment certificate reserves 9,310 — — 9,253 9,253 Banking and brokerage deposits 21,474 21,474 — — 21,474 Separate account liabilities — investment contracts 3,383 — 3,383 — 3,383 Debt and other liabilities 3,242 234 2,909 7 3,150 Receivables include deposit receivables, brokerage margin loans, securities borrowed, pledged asset lines of credit and loans to financial advisors. Restricted and segregated cash includes cash segregated under federal and other regulations held in special reserve bank accounts for the exclusive benefit of the Company’s brokerage customers. Other investments and assets primarily include syndicated loans, credit card receivables, certificate of deposits with original or remaining maturities at the time of purchase of more than 90 days, the Company’s membership in the FHLB and investments related to the Community Reinvestment Act. See Note 7 for additional information on mortgage loans, policy loans, syndicated loans, credit card receivables and deposit receivables.

Offsetting Assets and Liabiliti

Offsetting Assets and Liabilities	3 Months Ended
	Mar. 31, 2023
Offsetting [Abstract]
Offsetting Assets and Liabilities	Offsetting Assets and Liabilities Certain financial instruments and derivative instruments are eligible for offset in the Consolidated Balance Sheets. The Company’s derivative instruments 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 securities 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: March 31, 2023 Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Amounts of Assets Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 3,436 $ — $ 3,436 $ (2,715) $ (608) $ (77) $ 36 OTC cleared 105 — 105 (47) — — 58 Exchange-traded 93 — 93 (90) — — 3 Total derivatives 3,634 — 3,634 (2,852) (608) (77) 97 Securities borrowed 162 — 162 (65) — (97) — Total $ 3,796 $ — $ 3,796 $ (2,917) $ (608) $ (174) $ 97 December 31, 2022 Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Amounts of Assets Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 2,900 $ — $ 2,900 $ (2,322) $ (568) $ (5) $ 5 OTC cleared 23 — 23 (9) — — 14 Exchange-traded 97 — 97 (75) — — 22 Total derivatives 3,020 — 3,020 (2,406) (568) (5) 41 Securities borrowed 199 — 199 (31) — (164) 4 Total $ 3,219 $ — $ 3,219 $ (2,437) $ (568) $ (169) $ 45 (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: March 31, 2023 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the 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 $ 2,909 $ — $ 2,909 $ (2,715) $ (54) $ (133) $ 7 OTC cleared 47 — 47 (47) — — — Exchange-traded 136 — 136 (90) — (4) 42 Total derivatives 3,092 — 3,092 (2,852) (54) (137) 49 Securities loaned 208 — 208 (65) — (140) 3 Total $ 3,300 $ — $ 3,300 $ (2,917) $ (54) $ (277) $ 52 December 31, 2022 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the 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 $ 2,646 $ — $ 2,646 $ (2,322) $ (43) $ (277) $ 4 OTC cleared 9 — 9 (9) — — — Exchange-traded 93 — 93 (75) — (17) 1 Total derivatives 2,748 — 2,748 (2,406) (43) (294) 5 Securities loaned 235 — 235 (31) — (197) 7 Total $ 2,983 $ — $ 2,983 $ (2,437) $ (43) $ (491) $ 12 (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 15 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	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities Derivative instruments enable the Company to manage its exposure to various market risks. The value of such instruments is derived from an underlying variable or multiple variables, including equity, 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 14 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: March 31, 2023 December 31, 2022 Notional Gross Fair Value Notional Gross Fair Value Assets (1) Liabilities (2) Assets (1) Liabilities (2) (in millions) Derivatives designated as hedging instruments Equity contracts - cash flow hedges $ 4 $ — $ 1 $ 6 $ — $ 1 Foreign exchange contracts – net investment hedges 62 — — 85 — — Total qualifying hedges 66 — 1 91 — 1 Derivatives not designated as hedging instruments Interest rate contracts 89,172 336 327 101,307 267 355 Equity contracts 76,747 3,260 2,708 68,493 2,704 2,376 Credit contracts 2,868 1 52 1,857 13 2 Foreign exchange contracts 3,261 37 4 3,171 36 14 Total non-designated hedges 172,048 3,634 3,091 174,828 3,020 2,747 Embedded derivatives IUL N/A — 771 N/A — 739 Fixed deferred indexed annuities and deposit receivables N/A 48 47 N/A 48 47 Structured variable annuities (3) N/A — 142 N/A — (137) SMC N/A — 6 N/A — 4 Total embedded derivatives N/A 48 966 N/A 48 653 Total derivatives $ 172,114 $ 3,682 $ 4,058 $ 174,919 $ 3,068 $ 3,401 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 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 structured variable annuity embedded derivatives as of March 31, 2023 included $337 million of individual contracts in a liability position and $195 million of individual contracts in an asset position. The fair value of the structured variable annuity embedded derivatives as of December 31, 2022 included $194 million of individual contracts in a liability position and $331 million of individual contracts in an asset position. See Note 13 for additional information regarding the Company’s fair value measurement of derivative instruments. As of March 31, 2023 and December 31, 2022, investment securities with a fair value of $77 million and $14 million, respectively, were received as collateral to meet contractual obligations under derivative contracts, of which $77 million and $5 million, respectively, may be sold, pledged or rehypothecated by the Company. As of both March 31, 2023 and December 31, 2022, the Company had sold, pledged or rehypothecated none of these securities. In addition, as of both March 31, 2023 and December 31, 2022, 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 Change in Fair Value of Market Risk Benefits General and Administrative Expense (in millions) Three Months Ended March 31, 2023 Interest rate contracts $ — $ — $ — $ — $ 6 $ 247 $ — Equity contracts (1) 1 43 19 164 (462) 3 Credit contracts — — 1 — — (33) — Foreign exchange contracts — — — — — (8) 3 IUL embedded derivatives — — — (8) — — — Fixed deferred indexed annuity and deposit receivables embedded derivatives — — — (1) — — — Structured variable annuity embedded derivatives — — — — (263) — — SMC embedded derivatives — (2) — — — — — Total gain (loss) $ (1) $ (1) $ 44 $ 10 $ (93) $ (256) $ 6 Three Months Ended March 31, 2022 Interest rate contracts $ — $ — $ — $ — $ — $ (1,118) $ — Equity contracts 8 — (61) (16) 8 216 (7) Credit contracts — — (1) — — 97 — Foreign exchange contracts (1) — — — — 31 — IUL embedded derivatives — — — 57 — — — Fixed deferred indexed annuity and deposit receivables embedded derivatives — — — 1 — — — Structured variable annuity embedded derivatives — — — — 123 — — Total gain (loss) $ 7 $ — $ (62) $ 42 $ 131 $ (774) $ (7) The Company holds derivative instruments that either do not qualify or are not designated for hedge accounting treatment. These derivative instruments are used as economic hedges of equity, interest rate, credit and foreign currency exchange rate risk related to various products and transactions of the Company. The deferred premium associated with certain of the above options is paid or received semi-annually over the life of the contract or at maturity. The following is a summary of the payments the Company is scheduled to make and receive for these options as of March 31, 2023: Premiums Payable Premiums Receivable (in millions) 2023 (1) $ 29 $ 19 2024 132 23 2025 121 21 2026 248 88 2027 20 — 2028 - 2030 220 — Total $ 770 $ 151 (1) 2023 amounts represent the amounts payable and receivable for the period from April 1, 2023 to December 31, 2023. Actual timing and payment amounts may differ due to future settlements, modifications or exercises of the contracts prior to the full premium being paid or received. Structured variable annuity, 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. As discussed in Note 11, the Company issues variable annuity contracts that provide protection to contractholders from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. The Company economically hedges its obligations under these market risk benefits using options, swaptions, swaps and futures, The Company enters into futures, credit default swaps, commodity swaps, total return 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 gains or losses on the derivative instruments are 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 both the three months ended March 31, 2023 and 2022, the amounts reclassified from AOCI to earnings related to cash flow hedges were immaterial. The estimated net amount recorded in AOCI as of March 31, 2023 that the Company expects to reclassify to earnings as a reduction to Interest and debt expense within the next twelve months is $0.8 million and as an increase to General and administrative expense is $0.6 million. Currently, the longest period of time over which the Company is hedging exposure to the variability in future cash flows is 13 years and relates to forecasted debt interest payments. See Note 16 for a rollforward of net unrealized gains (losses) on derivatives included in AOCI related to cash flow hedges. 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 three months ended March 31, 2023 and 2022, the Company recognized a loss of $2 million and a gain of $4 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 14 for additional information on the Company’s credit exposure related to derivative assets.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2023
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders’ Equity The following table presents the amounts related to each component of OCI: Three Months Ended March 31, 2023 2022 Pretax Income Tax Benefit (Expense) Net of Tax 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) $ 566 $ (124) $ 442 $ (1,592) $ 347 $ (1,245) Reclassification of net (gains) losses on securities included in net income (2) (3) 1 (2) (20) 4 (16) Impact of benefit reserves and reinsurance recoverables (12) 2 (10) 50 (9) 41 Net unrealized gains (losses) on securities 551 (121) 430 (1,562) 342 (1,220) Net unrealized gains (losses) on derivatives: Net unrealized gains (losses) on derivatives arising during the period 3 (1) 2 1 — 1 Net unrealized gains (losses) on derivatives 3 (1) 2 1 — 1 Effect of changes in discount rate assumptions on certain long-duration contracts (83) 18 (65) 460 (98) 362 Effect of changes in instrument-specific credit risk on MRBs 204 (43) 161 385 (82) 303 Foreign currency translation 42 (9) 33 (58) 12 (46) Total other comprehensive income (loss) $ 717 $ (156) $ 561 $ (774) $ 174 $ (600) (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. Other comprehensive income (loss) related to net unrealized gains (losses) on securities includes three components: (i) unrealized gains (losses) that arose from changes in the market value of securities that were held during the period; (ii) (gains) losses that were previously unrealized, but have been recognized in current period net income due to sales of Available-for-Sale securities and due to the reclassification of noncredit losses to credit losses; and (iii) other adjustments primarily consisting of changes in insurance and annuity asset and liability balances, such as benefit reserves and reinsurance recoverables, to reflect the expected impact on their carrying values had the unrealized gains (losses) been realized as of the respective balance sheet dates. The following table presents the changes in the balances of each component of AOCI, net of tax: Net Unrealized Gains (Losses) Net Unrealized Gains (Losses) Effect of Changes in Discount Rate Assumptions on Certain Long-Duration Contracts Effect of Changes in Instrument-Specific Credit Risk on MRBs Defined Foreign Currency Translation Other Total (in millions) Balance at January 1, 2023 $ (2,043) $ 3 $ (72) $ (20) $ (75) $ (338) $ (1) $ (2,546) OCI before reclassifications 432 2 (65) 161 — 33 — 563 Amounts reclassified from AOCI (2) — — — — — — (2) Total OCI 430 2 (65) 161 — 33 — 561 Balance at March 31, 2023 $ (1,613) $ 5 $ (137) $ 141 $ (75) $ (305) $ (1) $ (1,985) Balance at January 1, 2022 $ 1,033 $ 4 $ (933) $ (427) $ (151) $ (167) $ (1) $ (642) OCI before reclassifications (1,204) 1 362 303 — (46) — (584) Amounts reclassified from AOCI (16) — — — — — — (16) Total OCI (1,220) 1 362 303 — (46) — (600) Balance at March 31, 2022 $ (187) $ 5 $ (571) $ (124) $ (151) $ (213) $ (1) $ (1,242) For the three months ended March 31, 2023 and 2022, the Company repurchased a total of 1.6 million shares and 1.4 million shares, respectively, of its common stock for an aggregate cost of $506 million and $429 million, respectively. In January 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. As of March 31, 2023, the Company had $1.1 billion remaining under the share repurchase authorization. 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 three months ended March 31, 2023 and 2022, the Company reacquired 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 $87 million and $89 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 three months ended March 31, 2023 and 2022, the Company reacquired 0.2 million shares and 0.2 million shares, respectively, of its common stock through the net settlement of options for an aggregate value of $63 million and $62 million, respectively. During the three months ended March 31, 2023 and 2022, the Company reissued 0.6 million and 0.5 million, respectively, treasury shares for restricted stock award grants, performance share units and issuance of shares vested under advisor deferred compensation plans.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rate was 15.9% and 18.0% for the three months ended March 31, 2023 and 2022, respectively. The effective tax rate for the three months ended March 31, 2023 was lower than the statutory tax rate as a result of tax preferred items including incentive compensation, foreign tax credits, dividend received deductions and low income housing tax credits, partially offset by state income taxes, net of federal benefit. The effective tax rate for the three months ended March 31, 2022 was lower than the statutory tax rate as a result of tax preferred items including incentive compensation, foreign tax credits and low income housing tax credits, partially offset by state income taxes, net of federal benefit. The lower effective tax rate for the three months ended March 31, 2023 compared to the three months ended March 31, 2022 was primarily the result of lower pretax income, an increase in foreign tax credits net of addback, an increase in incentive compensation, partially offset by an increase in state income taxes net of federal benefit compared to the prior period. Included in the Company’s deferred income tax assets are tax benefits related to state net operating losses of $30 million, net of federal benefit, which will expire beginning December 31, 2023 and foreign net operating losses of $34 million. 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. Based on analysis of the Company’s tax position as of March 31, 2023, management believes it is more likely than not that the Company will not realize certain state net operating losses of $29 million, state deferred tax assets of $2 million and foreign net operating losses of $34 million; therefore, a valuation allowance has been established. The valuation allowance was $65 million for both March 31, 2023 and December 31, 2022, respectively. As of March 31, 2023 and December 31, 2022, the Company had $143 million and $138 million, respectively, of gross unrecognized tax benefits. If recognized, approximately $110 million and $106 million, net of federal tax benefits, of unrecognized tax benefits as of March 31, 2023 and December 31, 2022, respectively, would affect the effective tax rate. It is reasonably possible that the total amount of unrecognized tax benefits will change in the next 12 months. The Company estimates that the total amount of gross unrecognized tax benefits may decrease by approximately $48 million in the next 12 months primarily due to Internal Revenue Service (“IRS”) settlements and state exams. The Company recognizes interest and penalties related to unrecognized tax benefits as a component of the income tax provision. The Company recognized a net increase of $1 million in interest and penalties for both the three months ended March 31, 2023 and 2022. As of March 31, 2023 and December 31, 2022, the Company had a payable of $15 million and $14 million, respectively, related to accrued interest and penalties. The Company or one or more of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. The federal statute of limitations are closed on years through 2015, except for one issue for 2014 and 2015 which was claimed on amended returns.The IRS is currently auditing the Company’s U.S. income tax returns for 2016 through 2020. The Company’s state income tax returns are currently under examination by various jurisdictions for years ranging from 2015 through 2020. The Company expects to be an applicable corporation required to compute corporate alternative minimum tax (“CAMT”); however, based on current estimates the Company does not expect to be liable for the CAMT in 2023 and therefore a liability has not been recorded.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies 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 and 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 and other pooled funds, exchange traded funds, private funds, segregated accounts, annuities, equity and fixed income securities, real estate investment trusts, insurance products, banking 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; recordkeeping requirements; and transaction monitoring systems and controls. The Company has cooperated and will continue to cooperate with the applicable regulators. These matters are subject to uncertainties and, as such, it is inherently difficult to determine whether any loss is probable or even reasonably possible, or to reasonably estimate the amount of any loss. 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 any proceeding could result in an adverse judgment, a settlement, fine, penalty, or other sanction, and may lead to further claims, examinations, or adverse publicity each of which could have a material adverse effect on the Company’s consolidated results of operations, financial condition, 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 Insurance Co. of New York (“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 March 31, 2023 and December 31, 2022, the estimated liability was $37 million and $12 million, respectively. As of March 31, 2023 and December 31, 2022, the related premium tax asset was $31 million and $10 million, respectively. The expected period over which guaranty fund assessments will be made and the related tax credits recovered is not known.

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share The computations of basic and diluted earnings per share were as follows: Three Months Ended March 31, 2023 2022 (in millions, except per share amounts) Numerator: Net income $ 417 $ 825 Denominator: Basic: Weighted-average common shares outstanding 107.9 113.7 Effect of potentially dilutive nonqualified stock options and other share-based awards 2.1 2.5 Diluted: Weighted-average common shares outstanding 110.0 116.2 Earnings per share: Basic $ 3.86 $ 7.26 Diluted $ 3.79 $ 7.10

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Segment Information	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. Management uses segment adjusted operating measures in goal setting, as a basis for determining employee compensation and in evaluating performance on a basis comparable to that used by some securities analysts and investors. Consistent with GAAP accounting guidance for segment reporting, adjusted operating earnings is the Company’s measure of segment performance. Adjusted operating earnings should not be viewed as a substitute for GAAP pretax income. The Company believes the presentation of segment adjusted operating earnings, as the Company measures it for management purposes, enhances the understanding of its business by reflecting the underlying performance of its core operations and facilitating a more meaningful trend analysis. Effective in the third quarter of 2021, management has excluded the impacts of block transfer reinsurance transactions from the adjusted operating measures. 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 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 reinsurance accrual; mean reversion related impacts (the impact on VUL products for the difference between assumed and updated separate account investment performance on the reinsurance accrual and additional insurance benefit reserves); the market impact of hedges to offset interest rate and currency changes on unrealized gains or losses for certain investments; block transfer reinsurance transaction impacts; gain or loss on disposal of a business that is not considered discontinued operations; integration and restructuring charges; and the impact of consolidating CIEs. The market impact on non-traditional long-duration products includes changes in market risk benefits and 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. The market impact also includes certain valuation adjustments made in accordance with FASB Accounting Standards Codification 820, Fair Value Measurements and Disclosure s, 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. Concurrent with the adoption of ASU 2018-12 , management no longer excludes adjustments for DAC, DSIC and unearned revenue amortization. Amortization of DAC, DSIC, and unearned revenue for long-duration contracts are no longer impacted by markets and are now amortized on a constant-level basis. The following tables summarize selected financial information by segment and reconcile segment totals to those reported on the consolidated financial statements: March 31, 2023 December 31, 2022 (in millions) Advice & Wealth Management $ 39,099 $ 35,132 Asset Management 7,768 7,967 Retirement & Protection Solutions 102,337 98,901 Corporate & Other 17,436 16,852 Total assets $ 166,640 $ 158,852 Three Months Ended March 31, 2023 2022 (in millions) Adjusted operating net revenues: Advice & Wealth Management $ 2,265 $ 2,042 Asset Management 799 1,017 Retirement & Protection Solutions 824 768 Corporate & Other 126 116 Elimination of segment revenues (1) (316) (352) Total segment adjusted operating net revenues 3,698 3,591 Net realized gains (losses) 3 16 Revenue attributable to consolidated investment entities 41 17 Market impact on non-traditional long-duration products, net — 1 Total net revenues per consolidated statements of operations $ 3,742 $ 3,625 (1) Represents the elimination of intersegment revenues recognized for the three months ended March 31, 2023 and 2022 in each segment as follows: Advice & Wealth Management ($201 million and $228 million, respectively); Asset Management ($17 million and $12 million, respectively); Retirement & Protection Solutions ($102 million and $112 million, respectively); and Corporate & Other ($(4) million and nil, respectively). Three Months Ended March 31, 2023 2022 (in millions) Adjusted operating earnings: Advice & Wealth Management $ 693 $ 440 Asset Management 165 285 Retirement & Protection Solutions 194 175 Corporate & Other (74) (82) Total segment adjusted operating earnings 978 818 Net realized gains (losses) 3 16 Net income (loss) attributable to consolidated investment entities — 2 Market impact on non-traditional long-duration products, net (475) 180 Integration and restructuring charges (10) (10) Pretax income per consolidated statements of operations $ 496 $ 1,006

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation	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.
Basis of Accounting	The accompanying Consolidated Financial Statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”).
Amounts Based on Estimates and Assumptions	Amounts Based on Estimates and Assumptions Accounting estimates are an integral part of the Consolidated Financial Statements. In part, they are based upon assumptions concerning future events. Among the more significant are those that relate to investment securities valuation and the recognition of credit losses or impairments, valuation of derivative instruments, litigation reserves, future policy benefits, market risk benefits, and income taxes and the recognition of deferred tax assets and liabilities. These accounting estimates reflect the best judgment of management and actual results could differ.
Market Risk Benefits	Market Risk Benefits Market risk benefits are contracts or contract features that both provide protection to the contractholder from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. Market risk benefits include certain contract features on variable annuity products that provide minimum guarantees to contractholders. Guarantees accounted for as market risk benefits include guaranteed minimum death benefits (“GMDB”), guaranteed minimum income benefits (“GMIB”), guaranteed minimum withdrawal benefits (“GMWB”) and guaranteed minimum accumulation benefits (“GMAB”). If a contract contains multiple market risk benefits, those market risk benefits are bundled together as a single compound market risk benefit. Market risk benefits are measured at fair value, at the individual contract level, using a non-option-based valuation approach or an option-based valuation approach dependent upon the fee structure of the contract. Changes in fair value are recognized in net income each period with the exception of the portion of the change in fair value due to a change in the instrument-specific credit risk, which is recognized in other comprehensive income (“OCI”).
Deferred Acquisition Costs	Deferred Acquisition Costs The Company incurs costs in connection with acquiring new and renewal insurance and annuity businesses. The portion of these costs which are incremental and direct to the acquisition of a new or renewal insurance policy or annuity contract are deferred. Significant costs capitalized include sales based compensation related to the acquisition of new and renewal insurance policies and annuity contracts, medical inspection costs for successful sales, and a portion of employee compensation and benefit costs based upon the amount of time spent on successful sales. Sales based compensation paid to advisors and employees and third-party distributors is capitalized. Employee compensation and benefits costs which are capitalized relate primarily to sales efforts, underwriting and processing. All other costs which are not incremental direct costs of acquiring an insurance policy or annuity contract are expensed as incurred. The DAC associated with insurance policies or annuity contracts that are significantly modified or internally replaced with another contract are accounted for as write-offs. These transactions are anticipated in establishing amortization periods and other valuation assumptions. The Company monitors other DAC amortization assumptions, such as persistency, mortality, morbidity, and variable annuity benefit utilization each quarter and, when assessed independently, each could impact the Company’s DAC balances. Unamortized DAC is reduced for actual experience in excess of expected experience. The analysis of DAC balances and the corresponding amortization considers all relevant factors and assumptions described previously. Unless the Company’s management identifies a significant deviation over the course of the quarterly monitoring, management reviews and updates these DAC amortization assumptions annually in the third quarter of each year. DAC is amortized on a constant-level basis for the grouped contracts over the expected contract term to approximate straight-line amortization. Contracts are grouped by contract type and issue year into cohorts consistent with the grouping used in estimating the associated liability for future policy benefits. DAC related to all long-duration product types (except for life contingent payout annuities) is grouped on a calendar-year annual basis for each legal entity. Further disaggregation is reported for any contracts that include an additional liability for death or other insurance benefit. DAC related to life contingent payout annuities is grouped on a calendar-year annual basis for each legal entity for policies issued prior to 2021 and on a quarterly basis for each legal entity thereafter. DAC related to annuity products (including variable deferred annuities, structured variable annuities, fixed deferred annuities, and life contingent payout annuities) is amortized based on initial premium. DAC related to life insurance products (including universal life (“UL”) insurance, variable universal life (“VUL”) insurance, indexed universal life (“IUL”) insurance, term life insurance, and whole life insurance) are amortized based on original specified amount (i.e., face amount). DAC related to disability income (“DI”) insurance is amortized based on original monthly benefit.
Deferred Sales Inducement Costs	Deferred Sales Inducement Costs Deferred sales inducements are contract features that are intended to attract new customers or to persuade existing customers to keep their current policy. Sales inducement costs consist of bonus interest credits and premium credits added to certain annuity contract and insurance policy values. These benefits are capitalized to the extent they are incremental to amounts that would be credited on similar contracts without the applicable feature. The amounts capitalized are amortized 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 paid 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. Reinsurance recoveries are reported as components of Benefits, claims, losses and settlement expenses. 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 and amortized based on estimated gross profits over the period the reinsured policies are in-force. Changes in the net cost of reinsurance are reflected as a component of Premiums, policy and contract charges. Insurance liabilities are reported before the effects of reinsurance. Policyholder account balances, future policy benefits and claims recoverable under reinsurance contracts are recorded within 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 that the Company has no actual history of losses and that industry data may contain non-life insurers. This evaluation is inherently subjective as it requires estimates, which may be susceptible to significant change given the long-term nature of these receivables. In addition, the Company has a reinsurance protection agreement that provides credit protections for its reinsured 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.
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. Non-Traditional Long-Duration Products The liabilities for non-traditional long-duration products include fixed account values on variable and fixed annuities and UL and VUL policies, non-life contingent payout annuities, liabilities for guaranteed benefits associated with variable annuities (including structured variable annuities) and embedded derivatives for structured variable annuities, indexed annuities, and IUL products. Liabilities for fixed account values on variable annuities, structured variable annuities, fixed deferred annuities, and UL and VUL policies are equal to accumulation values, which are the cumulative gross deposits and credited interest less withdrawals and various charges. The liability for non-life contingent payout annuities is recognized as the present value of future payments using the effective yield at inception of the contract. A portion of the Company’s UL and VUL policies have product features that result in profits followed by losses from the insurance component of the contract. These profits followed by losses can be generated by the cost structure of the product or secondary guarantees in the contract. The secondary guarantee ensures that, subject to specified conditions, the policy will not terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly deductions and charges. The liability for these future losses is determined at the reporting date by estimating the death benefits in excess of account value and recognizing the excess over the estimated life based on expected assessments (e.g. cost of insurance charges, contractual administrative charges, similar fees and investment margin). See Note 9 for information regarding the liability for contracts with secondary guarantees. Liabilities for fixed deferred indexed annuity, structured variable annuity and IUL products are equal to the accumulation of host contract values, guaranteed benefits, and the fair value of embedded derivatives. See Note 11 for information regarding variable annuity guarantees. Embedded Derivatives The fair value of embedded derivatives related to structured variable annuities, indexed annuities and IUL fluctuate based on equity markets and interest rates and the estimate of the Company’s nonperformance risk and is recorded in Policyholder Account balances, Future Policy Benefits and Claims Liabilities. See Note 13 for information regarding the fair value measurement of embedded derivatives. Traditional Long-Duration Products The liabilities for traditional long-duration products include cash flows related to unpaid amounts on reported claims, estimates of benefits payable on claims incurred but not yet reported and estimates of benefits that will become payable on term life, whole life, DI, LTC, and life contingent payout annuity policies as claims are incurred in the future. The claim liability (also referred to as disabled life reserves) is presented together as one liability for future policy benefits. A liability for future policy benefits, which is the present value of estimated future policy benefits to be paid to or on behalf of policyholders and certain related expenses less the present value of estimated future net premiums to be collected from policyholders, is accrued as premium revenue is recognized. Expected insurance benefits are accrued over the life of the contract in proportion to premium revenue recognized (referred to as the net premium approach). The net premium ratio reflects cash flows from contract inception to contract termination (i.e., through the claim paying period) and cannot exceed 100%. Assumptions utilized in the net premium approach, including mortality, morbidity, and terminations, are reviewed as part of experience studies at least annually or more frequently if suggested by evidence. Expense assumptions and actual expenses are updated within the net premium calculation consistent with other policyholder assumptions. The updated cash flows used in the calculation are discounted using a forward rate curve. The discount rate represents an upper-medium-grade (i.e., low credit risk) fixed-income instrument yield (i.e., an A rating) that reflects the duration characteristics of the liability. Discount rates will be locked in annually, at the end of each year for all products, except life contingent payout annuities, and calculated as the monthly average discount rate curves for the year. For life contingent payout annuities, the discount rates will be locked in quarterly, at the end of each quarter based on the average of the three months for the quarter.  The liability for future policy benefits will be updated for actual experience at least on an annual basis and concurrent with changes to cash flow assumptions. When net premiums are updated for cash flow changes, the estimated cash flows over the entire life of a group of contracts are updated using historical experience and updated future cash flow assumptions. The revised net premiums are used to calculate an updated liability for future policy benefits as of the beginning of the reporting period, discounted at the original locked in rate (i.e., contract issuance rate). The updated liability for future policy benefits as of the beginning of the reporting period is then compared with the carrying amount of the liability as of that date prior to updating cash flow assumptions to determine the current period remeasurement gain or loss reflected in current period earnings. The revised net premiums are then applied as of the beginning of the quarter to calculate the benefit expense for the current reporting period. The difference between the updated carrying amount of the liability for future policy benefits measured using the current discount rate assumption and the original discount rate assumption is recognized in other comprehensive income. The interest accretion rate remains the original discount rate used at contract issue date. If the updating of cash flow assumptions results in the present value of future benefits and expenses exceeding the present value of future gross premiums, a charge to net income is recorded for the current reporting period such that net premiums are set equal to gross premiums. In subsequent periods, the liability for future policy benefits is accrued with net premiums set equal to gross premiums. Contracts (except for life contingent payout annuities sold subsequent to December 31, 2020) are grouped into cohorts by contract type and issue year, as well as by legal entity and reportable segment. Life contingent payout annuities sold in periods beginning in 2021 are grouped into quarterly cohorts. See Note 9 for information regarding the liabilities for traditional long-duration products. Deferred Profit Liability For limited-payment products, gross premiums received in excess of net premiums are deferred at initial recognition as a deferred profit liability (“DPL”). Gross premiums are measured using assumptions consistent with those used in the measurement of the liability for future policy benefits, including discount rate, mortality, lapses and expenses. The DPL is amortized and recognized as premium revenue in proportion to expected future benefit payments from annuity contracts. Interest is accreted on the balance of the DPL using the discount rate determined at contract issuance. The Company reviews and updates its estimate of cash flows from the DPL at the same time as the estimates of cash flows for the liability for future policy benefits. When cash flows are updated, the updated estimates are used to recalculate the DPL at contract issuance. The recalculated DPL as of the beginning of the current reporting period is compared to the carrying amount of the DPL as of the beginning of the current reporting period, and any difference is recognized as either a charge or credit to premium revenue.
Unearned Revenue Liability	Unearned Revenue Liability The Company’s UL and VUL policies require payment of fees or other policyholder assessments in advance for services to be provided in future periods. These charges are deferred as unearned revenue and amortized consistent with DAC amortization factors. The unearned revenue liability is recorded in Other liabilities and the amortization is recorded in Premiums, policy and contract charges. For clients who pay financial planning fees prior to the advisor’s delivery of the financial plan, the financial planning fees received in advance are deferred until the plan is delivered to the client.
Adoption and Future Adoption of New Accounting Standards	Adoption of New Accounting Standards Financial Instruments – Credit Losses – Troubled Debt Restructurings and Vintage Disclosures In March 2022, the Financial Accounting Standards Board (“FASB”) proposed amendments to Accounting Standards Update (“ASU”) 2016-13, Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments (“Topic 326”). The update removes the recognition and measurement guidance for Troubled Debt Restructurings (“TDRs”) by creditors in Subtopic 310-40, Receivables—Troubled Debt Restructurings by Creditors, and modifies the disclosure requirements for certain loan refinancing and restructuring by creditors when a borrower is experiencing financial difficulty. Rather than applying the recognition and measurement for TDRs, an entity must apply the loan refinancing and restructuring guidance to determine whether a modification results in a new loan or a continuation of an existing loan. The update also requires entities to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments—Credit Losses—Measured at Amortized Cost. The amendments are to be applied prospectively, but entities may apply a modified retrospective transition for changes to the recognition and measurement of TDRs. For entities that have adopted Topic 326, the amendments are effective for interim and annual periods beginning after December 15, 2022. The Company adopted the standard on January 1, 2023. The adoption of this update did not have a material impact on the Company’s consolidated results of operations and financial condition and modifications to disclosures are immaterial in the current period. 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. The Company adopted the standard on January 1, 2023. The adoption of this update did not 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 (ASU 2018-12). The guidance changes elements of the measurement models and disclosure requirements for an insurer’s long-duration insurance contract benefits and acquisition costs by expanding the use of fair value accounting to certain contract benefits, requiring updates, if any, and at least annually, to assumptions used to measure liabilities for future policy benefits, and changing the amortization pattern of deferred acquisition costs to a constant level basis. Adoption of the accounting standard will not impact overall cash flows, insurance subsidiaries’ dividend capacity, or regulatory capital requirements. When the Company adopted the standard as of January 1, 2021 (the “transition date”), opening equity was adjusted for the adoption impacts to retained earnings and accumulated other comprehensive income (loss) (“AOCI”) and prior periods presented (i.e. 2021 and 2022) were restated. The adoption impact as of January 1, 2021 was a reduction in total equity of $1.9 billion, of which $0.9 billion and $1.0 billion were reflected in retained earnings and AOCI, respectively. The following table presents the effects of the adoption of the above new accounting standard to the Company’s previously reported Consolidated Balance Sheets: As Filed December 31, 2022 Adjustment Post adoption Post-adoption December 31, 2022 As Filed December 31, 2021 Adjustment Post adoption Post-adoption December 31, 2021 (in millions) Assets Market risk benefits $ — $ 1,015 $ 1,015 $ — $ 539 $ 539 Receivables (allowance for credit losses: 2022, $75; 2021, $55) 15,779 (184) 15,595 16,205 927 17,132 Deferred acquisition costs 3,160 (383) 2,777 2,782 62 2,844 Other assets 9,341 (64) 9,277 11,375 297 11,672 Total assets $ 158,468 $ 384 $ 158,852 $ 175,910 $ 1,825 $ 177,735 Liabilities and Equity Liabilities: Policyholder account balances, future policy benefits and claims $ 36,067 $ (1,935) $ 34,132 $ 35,750 $ (727) $ 35,023 Market risk benefits — 2,118 2,118 — 3,440 3,440 Other liabilities 6,305 11 6,316 8,641 216 8,857 Total liabilities 154,855 194 155,049 169,969 2,929 172,898 Equity: Retained earnings 19,531 387 19,918 17,525 (203) 17,322 Accumulated other comprehensive income (loss), net of tax (2,349) (197) (2,546) 259 (901) (642) Total equity 3,613 190 3,803 5,941 (1,104) 4,837 Total liabilities and equity $ 158,468 $ 384 $ 158,852 $ 175,910 $ 1,825 $ 177,735 The following tables present the effects of the adoption of the above new accounting standard to the Company’s previously reported Consolidated Statements of Operations: Three Months Ended March 31, As Filed 2022 Adjustment Post-adoption 2022 As Filed 2021 Adjustment Post-adoption 2021 (in millions, except per share amounts) Revenues Premiums, policy and contract charges $ 368 $ (30) $ 338 $ 347 $ (9) $ 338 Total revenues 3,657 (30) 3,627 3,355 (9) 3,346 Total net revenues 3,655 (30) 3,625 3,350 (9) 3,341 Benefits and expenses Distribution expenses 1,297 3 1,300 1,175 3 1,178 Benefits, claims, losses and settlement expenses 211 (179) 32 653 (413) 240 Remeasurement gains and losses of future policy benefit reserves — (6) (6) — (40) (40) Change in fair value of market risk benefits — 100 100 — (887) (887) Amortization of deferred acquisition costs 96 (31) 65 5 61 66 Total expenses 2,732 (113) 2,619 2,857 (1,276) 1,581 Pretax income 923 83 1,006 493 1,267 1,760 Income tax provision 162 19 181 56 269 325 Net income $ 761 $ 64 $ 825 $ 437 $ 998 $ 1,435 Earnings per share Basic $ 6.69 $ 0.57 $ 7.26 $ 3.65 $ 8.33 $ 11.98 Diluted $ 6.55 $ 0.55 $ 7.10 $ 3.58 $ 8.16 $ 11.74 Years Ended December 31, As Filed 2022 Adjustment Post-adoption 2022 As Filed 2021 Adjustment Post-adoption 2021 (in millions, except per share amounts) Revenues Distribution fees $ 1,938 $ 1 $ 1,939 $ 1,830 $ (2) $ 1,828 Premiums, policy and contract charges 1,411 (14) 1,397 273 (52) 221 Total revenues 14,347 (13) 14,334 13,443 (54) 13,389 Total net revenues 14,271 (13) 14,258 13,431 (54) 13,377 Benefits and expenses Distribution expenses 4,923 12 4,935 5,015 13 5,028 Benefits, claims, losses and settlement expenses 1,372 (1,130) 242 716 (872) (156) Remeasurement gains and losses of future policy benefit reserves — 1 1 — (52) (52) Change in fair value of market risk benefits — 311 311 — (113) (113) Amortization of deferred acquisition costs 208 44 252 124 135 259 Total expenses 11,089 (762) 10,327 10,081 (889) 9,192 Pretax income 3,182 749 3,931 3,350 835 4,185 Income tax provision 623 159 782 590 178 768 Net income $ 2,559 $ 590 $ 3,149 $ 2,760 $ 657 $ 3,417 Earnings per share Basic $ 22.99 $ 5.30 $ 28.29 $ 23.53 $ 5.60 $ 29.13 Diluted $ 22.51 $ 5.19 $ 27.70 $ 23.00 $ 5.48 $ 28.48 Future Adoption of New Accounting Standards Leases – Common Control Arrangements In March 2023, the FASB proposed amendments to ASU 2016-02, Leases (“Topic 842”). The update applicable to all entities provides requirements for leasehold improvements associated with common control leases to be amortized over the useful life of the leasehold improvements to the common control group as long as the lessee controls the use of the underlying asset through a lease and accounted for as a transfer between entities under common control through an adjustment to equity if, and when, the lessee no longer controls the use of the underlying asset. The amendment is to be applied either prospectively to all new leasehold improvements recognized on or after the date that the entity first applies the amendments, prospectively to all new and existing leasehold improvements recognized on or after the date that the entity first applies the amendments with any remaining unamortized balance of existing leasehold improvements amortized over their remaining useful life to the common control group determined at that date, or retrospectively to the beginning of the period in which the entity first applied Topic 842 with any leasehold improvements that otherwise would not have been amortized or impaired recognized through a cumulative-effect adjustment to the opening balance of retained earnings at the beginning of the earliest period presented in accordance with ASC 842. The amendment is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted for both interim and annual financial statements that have not yet been made available for issuance. The Company is in the process of evaluating the amendment and assessing the impact on its consolidated results of operations and financial condition.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Tables)	3 Months Ended
	Mar. 31, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
Adoption of new accounting standard	The following table presents the effects of the adoption of the above new accounting standard to the Company’s previously reported Consolidated Balance Sheets: As Filed December 31, 2022 Adjustment Post adoption Post-adoption December 31, 2022 As Filed December 31, 2021 Adjustment Post adoption Post-adoption December 31, 2021 (in millions) Assets Market risk benefits $ — $ 1,015 $ 1,015 $ — $ 539 $ 539 Receivables (allowance for credit losses: 2022, $75; 2021, $55) 15,779 (184) 15,595 16,205 927 17,132 Deferred acquisition costs 3,160 (383) 2,777 2,782 62 2,844 Other assets 9,341 (64) 9,277 11,375 297 11,672 Total assets $ 158,468 $ 384 $ 158,852 $ 175,910 $ 1,825 $ 177,735 Liabilities and Equity Liabilities: Policyholder account balances, future policy benefits and claims $ 36,067 $ (1,935) $ 34,132 $ 35,750 $ (727) $ 35,023 Market risk benefits — 2,118 2,118 — 3,440 3,440 Other liabilities 6,305 11 6,316 8,641 216 8,857 Total liabilities 154,855 194 155,049 169,969 2,929 172,898 Equity: Retained earnings 19,531 387 19,918 17,525 (203) 17,322 Accumulated other comprehensive income (loss), net of tax (2,349) (197) (2,546) 259 (901) (642) Total equity 3,613 190 3,803 5,941 (1,104) 4,837 Total liabilities and equity $ 158,468 $ 384 $ 158,852 $ 175,910 $ 1,825 $ 177,735 The following tables present the effects of the adoption of the above new accounting standard to the Company’s previously reported Consolidated Statements of Operations: Three Months Ended March 31, As Filed 2022 Adjustment Post-adoption 2022 As Filed 2021 Adjustment Post-adoption 2021 (in millions, except per share amounts) Revenues Premiums, policy and contract charges $ 368 $ (30) $ 338 $ 347 $ (9) $ 338 Total revenues 3,657 (30) 3,627 3,355 (9) 3,346 Total net revenues 3,655 (30) 3,625 3,350 (9) 3,341 Benefits and expenses Distribution expenses 1,297 3 1,300 1,175 3 1,178 Benefits, claims, losses and settlement expenses 211 (179) 32 653 (413) 240 Remeasurement gains and losses of future policy benefit reserves — (6) (6) — (40) (40) Change in fair value of market risk benefits — 100 100 — (887) (887) Amortization of deferred acquisition costs 96 (31) 65 5 61 66 Total expenses 2,732 (113) 2,619 2,857 (1,276) 1,581 Pretax income 923 83 1,006 493 1,267 1,760 Income tax provision 162 19 181 56 269 325 Net income $ 761 $ 64 $ 825 $ 437 $ 998 $ 1,435 Earnings per share Basic $ 6.69 $ 0.57 $ 7.26 $ 3.65 $ 8.33 $ 11.98 Diluted $ 6.55 $ 0.55 $ 7.10 $ 3.58 $ 8.16 $ 11.74 Years Ended December 31, As Filed 2022 Adjustment Post-adoption 2022 As Filed 2021 Adjustment Post-adoption 2021 (in millions, except per share amounts) Revenues Distribution fees $ 1,938 $ 1 $ 1,939 $ 1,830 $ (2) $ 1,828 Premiums, policy and contract charges 1,411 (14) 1,397 273 (52) 221 Total revenues 14,347 (13) 14,334 13,443 (54) 13,389 Total net revenues 14,271 (13) 14,258 13,431 (54) 13,377 Benefits and expenses Distribution expenses 4,923 12 4,935 5,015 13 5,028 Benefits, claims, losses and settlement expenses 1,372 (1,130) 242 716 (872) (156) Remeasurement gains and losses of future policy benefit reserves — 1 1 — (52) (52) Change in fair value of market risk benefits — 311 311 — (113) (113) Amortization of deferred acquisition costs 208 44 252 124 135 259 Total expenses 11,089 (762) 10,327 10,081 (889) 9,192 Pretax income 3,182 749 3,931 3,350 835 4,185 Income tax provision 623 159 782 590 178 768 Net income $ 2,559 $ 590 $ 3,149 $ 2,760 $ 657 $ 3,417 Earnings per share Basic $ 22.99 $ 5.30 $ 28.29 $ 23.53 $ 5.60 $ 29.13 Diluted $ 22.51 $ 5.19 $ 27.70 $ 23.00 $ 5.48 $ 28.48

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of disaggregated revenue by segment	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: Three Months Ended March 31, 2023 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate & Other Total Segments Non-operating Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 491 $ — $ — $ 491 $ — $ 491 Institutional — 152 — — 152 — 152 Advisory fees 1,109 — — — 1,109 — 1,109 Financial planning fees 101 — — — 101 — 101 Transaction and other fees 89 48 14 — 151 — 151 Total management and financial advice fees 1,299 691 14 — 2,004 — 2,004 Distribution fees: Mutual funds 175 52 — — 227 — 227 Insurance and annuity 211 38 80 — 329 — 329 Off-balance sheet brokerage cash 126 — — — 126 — 126 Other products 81 — — — 81 — 81 Total distribution fees 593 90 80 — 763 — 763 Other revenues 58 5 — — 63 — 63 Total revenue from contracts with customers 1,950 786 94 — 2,830 — 2,830 Revenue from other sources (1) 418 13 730 130 1,291 47 1,338 Total segment gross revenues 2,368 799 824 130 4,121 47 4,168 Banking and deposit interest expense (103) — — (4) (107) — (107) Total segment net revenues 2,265 799 824 126 4,014 47 4,061 Elimination of intersegment revenues (201) (17) (102) 4 (316) (3) (319) Total net revenues $ 2,064 $ 782 $ 722 $ 130 $ 3,698 $ 44 $ 3,742 Three Months Ended March 31, 2022 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate & Other Total Segments Non-operating Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 644 $ — $ — $ 644 $ — $ 644 Institutional — 195 — — 195 — 195 Advisory fees 1,191 — — — 1,191 — 1,191 Financial planning fees 97 — — — 97 — 97 Transaction and other fees 92 55 16 — 163 — 163 Total management and financial advice fees 1,380 894 16 — 2,290 — 2,290 Distribution fees: Mutual funds 204 65 — — 269 — 269 Insurance and annuity 221 46 95 — 362 — 362 Off-balance sheet brokerage cash (2) 16 — — — 16 — 16 Other products 88 — — — 88 — 88 Total distribution fees 529 111 95 — 735 — 735 Other revenues 53 5 — — 58 — 58 Total revenue from contracts with customers 1,962 1,010 111 — 3,083 — 3,083 Revenue from other sources (1) 82 7 657 116 862 37 899 Total segment gross revenues 2,044 1,017 768 116 3,945 37 3,982 Banking and deposit interest expense (2) — — — (2) — (2) Total segment net revenues 2,042 1,017 768 116 3,943 37 3,980 Elimination of intersegment revenues (228) (12) (112) — (352) (3) (355) Total net revenues $ 1,814 $ 1,005 $ 656 $ 116 $ 3,591 $ 34 $ 3,625 (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) Prior to the fourth quarter of 2022, Off-balance sheet brokerage cash was included in Other products. Prior periods have been updated to be comparative.

Variable Interest Entities (Tab

Variable Interest Entities (Tables) - Consolidated investment entities	3 Months Ended
	Mar. 31, 2023
Assets and liabilities measured at fair value
Schedule of balances of assets and liabilities measured at fair value on a recurring basis	The following tables present the balances of assets and liabilities held by consolidated investment entities measured at fair value on a recurring basis: March 31, 2023 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Corporate debt securities $ — $ 34 $ — $ 34 Common stocks — 4 — 4 Syndicated loans — 2,206 50 2,256 Total investments — 2,244 50 2,294 Receivables — 23 — 23 Other assets — 1 — 1 Total assets at fair value $ — $ 2,268 $ 50 $ 2,318 Liabilities Debt (1) $ — $ 2,367 $ — $ 2,367 Other liabilities — 86 — 86 Total liabilities at fair value $ — $ 2,453 $ — $ 2,453 December 31, 2022 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Corporate debt securities $ — $ 35 $ — $ 35 Common stocks — 3 — 3 Syndicated loans — 2,191 125 2,316 Total investments — 2,229 125 2,354 Receivables — 20 — 20 Other assets — 1 1 2 Total assets at fair value $ — $ 2,250 $ 126 $ 2,376 Liabilities Debt (1) $ — $ 2,363 $ — $ 2,363 Other liabilities — 119 — 119 Total liabilities at fair value $ — $ 2,482 $ — $ 2,482 (1) The carrying value of the CLOs’ debt is set equal to the fair value of the CLOs’ assets. The estimated fair value of the CLOs’ debt was $2.4 billion as of both March 31, 2023 and December 31, 2022.
Summary of changes in Level 3 assets measured at fair value on a recurring basis	The following tables provide a summary of changes in Level 3 assets held by consolidated investment entities measured at fair value on a recurring basis: Syndicated Loans Other Assets (in millions) Balance at January 1, 2023 $ 125 $ 1 Total gains (losses) included in: Net income (1) (1) — Purchases 17 — Sales (7) — Settlements (15) — Transfers into Level 3 21 — Transfers out of Level 3 (90) (1) Balance at March 31, 2023 $ 50 $ — Changes in unrealized gains (losses) included in net income relating to assets held at March 31, 2023 $ — (1) $ — Syndicated Loans Other Assets (in millions) Balance at January 1, 2022 $ 64 $ 3 Total gains (losses) included in: Net income (1) (1) — Purchases 15 — Sales (1) — Transfers into Level 3 62 — Transfers out of Level 3 (42) (3) Balance at March 31, 2022 $ 97 $ — Changes in unrealized gains (losses) included in net income relating to assets held at March 31, 2022 $ (1) (1) $ — (1) Included in Net investment income.
Schedule of fair value and unpaid principal balance of loans and debt for which fair value option has been elected	The following table presents the fair value and unpaid principal balance of loans and debt for which the fair value option has been elected: March 31, 2023 December 31, 2022 (in millions) Syndicated loans Unpaid principal balance $ 2,427 $ 2,525 Excess unpaid principal over fair value (171) (209) Fair value $ 2,256 $ 2,316 Fair value of loans more than 90 days past due $ — $ — Fair value of loans in nonaccrual status 22 23 Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both 53 48 Debt Unpaid principal balance $ 2,605 $ 2,636 Excess unpaid principal over fair value (238) (273) Carrying value (1) $ 2,367 $ 2,363 (1) The carrying value of the CLOs’ debt is set equal to the fair value of the CLOs’ assets. The estimated fair value of the CLOs’ debt was $2.4 billion as of both March 31, 2023 and December 31, 2022.
Schedule of debt and stated interest rates	Debt of the consolidated investment entities and the stated interest rates were as follows: Carrying Value Weighted Average Interest Rate March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 (in millions) Debt of consolidated CLOs due 2028-2034 $ 2,367 $ 2,363 5.9 % 5.3 %

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2023
Investments [Abstract]
Summary of investments	The following is a summary of Ameriprise Financial investments: March 31, 2023 December 31, 2022 (in millions) Available-for-Sale securities, at fair value $ 44,883 $ 40,811 Mortgage loans (allowance for credit losses: 2023, $13; 2022, $12) 1,997 1,987 Policy loans 861 847 Other investments (allowance for credit losses: 2023, $6; 2022, $5) 867 879 Total $ 48,608 $ 44,524
Summary of Net Investment income	The following is a summary of Net investment income: Three Months Ended March 31, 2023 2022 (in millions) Investment income on fixed maturities $ 571 $ 214 Net realized gains (losses) 4 20 Affordable housing partnerships (9) (15) Consolidated investment entities 42 19 Other 90 23 Total $ 698 $ 261
Schedule of Available-for-Sale securities by type	Available-for-Sale securities distributed by type were as follows: March 31, 2023 Description of Securities Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value (in millions) Corporate debt securities $ 10,868 $ 287 $ (622) $ (23) $ 10,510 Residential mortgage backed securities 18,852 58 (1,247) — 17,663 Commercial mortgage backed securities 6,859 12 (406) — 6,465 Asset backed securities 7,366 11 (133) — 7,244 State and municipal obligations 769 73 (20) (2) 820 U.S. government and agency obligations 2,135 1 — — 2,136 Foreign government bonds and obligations 30 — (2) — 28 Other securities 17 — — — 17 Total $ 46,896 $ 442 $ (2,430) $ (25) $ 44,883 Description of Securities December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value (in millions) Corporate debt securities $ 10,361 $ 180 $ (823) $ (20) $ 9,698 Residential mortgage backed securities 17,056 37 (1,390) — 15,703 Commercial mortgage backed securities 6,648 3 (439) — 6,212 Asset backed securities 6,408 14 (158) — 6,264 State and municipal obligations 773 53 (27) (2) 797 U.S. government and agency obligations 2,079 1 (1) — 2,079 Foreign government bonds and obligations 43 — (2) — 41 Other securities 16 1 — — 17 Total $ 43,384 $ 289 $ (2,840) $ (22) $ 40,811
Summary of fixed maturity securities by rating	A summary of fixed maturity securities by rating was as follows: Ratings March 31, 2023 December 31, 2022 Amortized Cost Fair Value Percent of Total Fair Value Amortized Cost Fair Value Percent of Total Fair Value (in millions, except percentages) AAA $ 33,517 $ 31,827 71 % $ 30,900 $ 28,980 71 % AA 1,420 1,470 3 1,219 1,249 3 A 2,303 2,369 5 2,080 2,097 5 BBB 9,051 8,661 20 8,524 7,890 19 Below investment grade (1) 605 556 1 661 595 2 Total fixed maturities $ 46,896 $ 44,883 100 % $ 43,384 $ 40,811 100 % (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 $1 million, respectively, as of both March 31, 2023 and December 31, 2022. These securities are not rated but are included in below investment grade due to their risk characteristics.
Summary of fair value and gross unrealized losses on Available-for-Sale securities in continuous unrealized loss position	The following tables summarize the fair value and gross unrealized losses on Available-for-Sale securities, aggregated by major investment type and the length of time that individual securities have been in a continuous unrealized loss position for which no allowance for credit losses has been recorded: Description of Securities March 31, 2023 Less than 12 Months 12 Months or More Total Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses (in millions, except number of securities) Corporate debt securities 270 $ 3,759 $ (155) 244 $ 2,960 $ (467) 514 $ 6,719 $ (622) Residential mortgage backed securities 350 6,373 (167) 486 7,418 (1,080) 836 13,791 (1,247) Commercial mortgage backed securities 98 1,936 (37) 243 3,571 (369) 341 5,507 (406) Asset backed securities 101 2,357 (21) 87 2,745 (112) 188 5,102 (133) State and municipal obligations 17 72 (5) 51 110 (15) 68 182 (20) Foreign government bonds and obligations 7 17 (1) 2 10 (1) 9 27 (2) Total 843 $ 14,514 $ (386) 1,113 $ 16,814 $ (2,044) 1,956 $ 31,328 $ (2,430) Description of Securities December 31, 2022 Less than 12 Months 12 Months or More Total Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses (in millions, except number of securities) Corporate debt securities 457 $ 5,782 $ (458) 108 $ 1,575 $ (365) 565 $ 7,357 $ (823) Residential mortgage backed securities 589 9,407 (577) 244 4,076 (813) 833 13,483 (1,390) Commercial mortgage backed securities 249 3,857 (220) 101 1,802 (219) 350 5,659 (439) Asset backed securities 145 4,413 (86) 31 977 (72) 176 5,390 (158) State and municipal obligations 48 134 (16) 27 60 (11) 75 194 (27) U.S. government and agency obligations 13 566 (1) — — — 13 566 (1) Foreign government bonds and obligations 11 37 (2) 1 1 — 12 38 (2) Total 1,512 $ 24,196 $ (1,360) 512 $ 8,491 $ (1,480) 2,024 $ 32,687 $ (2,840)
Rollforward of allowance for credit losses on Available-for-Sale securities	The following table presents rollforwards of the allowance for credit losses on Available-for-Sale securities: Corporate Debt Securities State and Municipal Obligations Total (in millions) Balance at January 1, 2023 $ 20 $ 2 $ 22 Additional increases (decreases) on securities that had an allowance recorded in a previous period 3 — 3 Charge-offs — — — Balance at March 31, 2023 $ 23 $ 2 $ 25 Balance at January 1, 2022 $ — $ 1 $ 1 Charge-offs — — — Balance at March 31, 2022 $ — $ 1 $ 1
Schedule of net realized gains and losses on Available-for-Sale securities	Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method, recognized in Net investment income were as follows: Three Months Ended March 31, 2023 2022 (in millions) Gross realized investment gains $ 10 $ 20 Gross realized investment losses (2) — Credit losses (3) — Other impairments (2) — Total $ 3 $ 20
Schedule of Available-for-Sale securities by contractual maturity	Available-for-Sale securities by contractual maturity as of March 31, 2023 were as follows: Amortized Cost Fair Value (in millions) Due within one year $ 2,864 $ 2,859 Due after one year through five years 2,591 2,533 Due after five years through 10 years 3,692 3,308 Due after 10 years 4,672 4,811 13,819 13,511 Residential mortgage backed securities 18,852 17,663 Commercial mortgage backed securities 6,859 6,465 Asset backed securities 7,366 7,244 Total $ 46,896 $ 44,883

Financing Receivables (Tables)

Financing Receivables (Tables)	3 Months Ended
	Mar. 31, 2023
Financing Receivables
Rollforward of allowance for credit losses	The following tables present a rollforward of the allowance for credit losses: Commercial Loans Consumer Loans Total (in millions) Balance at January 1, 2023 $ 54 $ 5 $ 59 Provisions (1) 2 1 Charge-offs (1) — (1) Balance at March 31, 2023 $ 52 $ 7 $ 59 Balance at January 1, 2022 $ 47 $ 3 $ 50 Provisions (2) — (2) Balance at March 31, 2022 $ 45 $ 3 $ 48
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 March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 (in millions) East North Central $ 199 $ 201 11 % 11 % East South Central 53 54 3 3 Middle Atlantic 114 114 6 6 Mountain 135 129 7 7 New England 23 23 1 1 Pacific 633 638 34 34 South Atlantic 465 479 25 25 West North Central 118 120 6 6 West South Central 121 124 7 7 1,861 1,882 100 % 100 % Less: allowance for credit losses 11 11 Total $ 1,850 $ 1,871 Concentrations of credit risk of commercial mortgage loans by property type were as follows: Loans Percentage March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 (in millions) Apartments $ 489 $ 495 26 % 26 % Hotel 14 14 1 1 Industrial 310 321 17 17 Mixed use 68 66 3 4 Office 256 259 14 14 Retail 581 594 31 31 Other 143 133 8 7 1,861 1,882 100 % 100 % Less: allowance for credit losses 11 11 Total $ 1,850 $ 1,871
Commercial Loans | Commercial mortgage loans
Financing Receivables
Schedule of amortized cost basis of loans and credit quality information	The tables below present the amortized cost basis of commercial mortgage loans by the year of origination and loan-to-value ratio: March 31, 2023 Loan-to-Value Ratio 2023 2022 2021 2020 2019 Prior Total (in millions) > 100% $ — $ — $ — $ 2 $ 2 $ 41 $ 45 80% - 100% — 7 6 2 19 38 72 60% - 80% 12 38 61 17 41 101 270 40% - 60% 3 33 101 56 89 464 746 < 40% — 33 27 35 58 575 728 Total $ 15 $ 111 $ 195 $ 112 $ 209 $ 1,219 $ 1,861 December 31, 2022 Loan-to-Value Ratio 2022 2021 2020 2019 2018 Prior Total (in millions) > 100% $ — $ — $ 2 $ 2 $ 3 $ 39 $ 46 80% - 100% 7 9 2 20 8 29 75 60% - 80% 39 87 17 52 9 107 311 40% - 60% 48 89 69 90 57 435 788 < 40% 18 12 30 46 85 471 662 Total $ 112 $ 197 $ 120 $ 210 $ 162 $ 1,081 $ 1,882
Commercial Loans | Syndicated loans
Financing Receivables
Schedule of amortized cost basis of loans and credit quality information	The tables below present the amortized cost basis of syndicated loans by origination year and internal risk rating: March 31, 2023 Internal Risk Rating 2023 2022 2021 2020 2019 Prior Total (in millions) Risk 5 $ — $ 1 $ — $ — $ — $ 2 $ 3 Risk 4 — — — 1 2 — 3 Risk 3 — — 8 1 3 12 24 Risk 2 — 9 21 6 11 27 74 Risk 1 1 4 9 4 9 34 61 Total $ 1 $ 14 $ 38 $ 12 $ 25 $ 75 $ 165 December 31, 2022 Internal Risk Rating 2022 2021 2020 2019 2018 Prior Total (in millions) Risk 5 $ 1 $ — $ — $ — $ — $ — $ 1 Risk 4 — — — 2 — 2 4 Risk 3 — 9 1 6 5 8 29 Risk 2 8 21 7 12 5 28 81 Risk 1 6 9 4 6 13 22 60 Total $ 15 $ 39 $ 12 $ 26 $ 23 $ 60 $ 175
Commercial Loans | Loans to financial advisors
Financing Receivables
Schedule of amortized cost basis of loans and credit quality information	The tables below present the amortized cost basis of advisor loans by origination year and termination status: March 31, 2023 Termination Status 2023 2022 2021 2020 2019 Prior Total (in millions) Active $ 108 $ 346 $ 170 $ 127 $ 95 $ 213 $ 1,059 Terminated — — 1 1 3 6 11 Total $ 108 $ 346 $ 171 $ 128 $ 98 $ 219 $ 1,070 December 31, 2022 Termination Status 2022 2021 2020 2019 2018 Prior Total (in millions) Active $ 359 $ 178 $ 133 $ 99 $ 76 $ 158 $ 1,003 Terminated — 1 1 2 1 5 10 Total $ 359 $ 179 $ 134 $ 101 $ 77 $ 163 $ 1,013
Consumer Loans | Credit card receivables
Financing Receivables
Schedule of amortized cost basis of loans and credit quality information	The table below presents the amortized cost basis of credit card receivables by FICO score: March 31, 2023 December 31, 2022 (in millions) > 800 $ 28 $ 32 750 - 799 26 27 700 - 749 27 28 650 - 699 17 17 < 650 6 6 Total $ 104 $ 110

Deferred Acquisition Costs an_2

Deferred Acquisition Costs and Deferred Sales Inducement Costs (Tables)	3 Months Ended
	Mar. 31, 2023
Deferred Charges, Insurers [Abstract]
Schedule of balances of and changes in DAC	The following tables summarize the balances of and changes in DAC, including the January 1, 2021 adoption of ASU 2018-12: Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Universal Life Insurance Variable Universal Life Insurance (in millions) Pre-adoption balance at December 31, 2020 $ 1,690 $ 22 $ 43 $ 7 $ 100 $ 452 Effect of shadow reserve adjustments 42 4 18 1 31 53 Post-adoption balance at January 1, 2021 1,732 26 61 8 131 505 Capitalization of acquisition costs 111 71 — — 3 54 Amortization (147) (6) (8) (1) (9) (47) Balance at December 31, 2021 $ 1,696 $ 91 $ 53 $ 7 $ 125 $ 512 Indexed Universal Life Insurance Other Life Insurance Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Total, (in millions) Pre-adoption balance at December 31, 2020 $ 108 $ (3) $ — $ 19 $ 89 $ 2,527 Effect of shadow reserve adjustments 149 6 — — — 304 Post-adoption balance at January 1, 2021 257 3 — 19 89 2,831 Capitalization of acquisition costs 9 — 1 2 4 255 Amortization (18) — — (2) (9) (247) Balance at December 31, 2021 $ 248 $ 3 $ 1 $ 19 $ 84 $ 2,839 Other broker dealer acquisition costs 5 Balance at December 31, 2021 including broker dealer acquisition costs $ 2,844 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Universal Life Insurance Variable Universal Life Insurance (in millions) Balance at January 1, 2022 $ 1,696 $ 91 $ 53 $ 7 $ 125 $ 512 Capitalization of acquisition costs 38 73 — — 1 55 Amortization (136) (15) (8) (1) (8) (46) Balance at December 31, 2022 $ 1,598 $ 149 $ 45 $ 6 $ 118 $ 521 Indexed Universal Life Insurance Other Life Insurance Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Total, (in millions) Balance at January 1, 2022 $ 248 $ 3 $ 1 $ 19 $ 84 $ 2,839 Capitalization of acquisition costs 5 — 1 1 4 178 Amortization (17) — — (2) (9) (242) Balance at December 31, 2022 $ 236 $ 3 $ 2 $ 18 $ 79 $ 2,775 Other broker dealer acquisition costs 2 Balance at December 31, 2022 including broker dealer acquisition costs $ 2,777 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Universal Life Insurance Variable Universal Life Insurance (in millions) Balance at January 1, 2023 $ 1,598 $ 149 $ 45 $ 6 $ 118 $ 521 Capitalization of acquisition costs 6 18 — — — 11 Amortization (33) (5) (3) — (2) (12) Balance at March 31, 2023 $ 1,571 $ 162 $ 42 $ 6 $ 116 $ 520 Indexed Universal Life Insurance Other Life Insurance Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Total, (in millions) Balance at January 1, 2023 $ 236 $ 3 $ 2 $ 18 $ 79 $ 2,775 Capitalization of acquisition costs 1 — 1 — 1 38 Amortization (4) — — — (2) (61) Balance at March 31, 2023 $ 233 $ 3 $ 3 $ 18 $ 78 $ 2,752 Other broker dealer acquisition costs 2 Balance at March 31, 2023 including broker dealer acquisition costs $ 2,754
Schedule of balances of and changes in DSIC	The following tables summarize the balances of and changes in DSIC, including the January 1, 2021 adoption of ASU 2018-12: Variable Annuities Fixed Annuities Total, (in millions) Pre-adoption balance at December 31, 2020 $ 175 $ 14 $ 189 Effect of shadow reserve adjustments 8 8 16 Post-adoption balance at January 1, 2021 183 22 205 Capitalization of sales inducement costs 1 — 1 Amortization (18) (3) (21) Balance at December 31, 2021 $ 166 $ 19 $ 185 Variable Annuities Fixed Annuities Total, (in millions) Balance at January 1, 2022 $ 166 $ 19 $ 185 Capitalization of sales inducement costs 1 — 1 Amortization (16) (3) (19) Balance at December 31, 2022 $ 151 $ 16 $ 167 Variable Annuities Fixed Annuities Total, (in millions) Balance at January 1, 2023 $ 151 $ 16 $ 167 Amortization (4) (1) (5) Balance at March 31, 2023 $ 147 $ 15 $ 162

Policyholder Account Balances_2

Policyholder Account Balances, Future Policy Benefits and Claims (Tables)	3 Months Ended
	Mar. 31, 2023
Policyholder Account Balance [Abstract]
Policyholder account balances, future policy benefits and claims	Policyholder account balances, future policy benefits and claims consisted of the following: March 31, 2023 December 31, 2022 (in millions) Policyholder account balances Policyholder account balances $ 25,545 $ 24,986 Future policy benefits Reserve for future policy benefits 7,687 7,495 Deferred profit liability 64 62 Additional liabilities for insurance guarantees 1,224 1,186 Other insurance and annuity liabilities 181 177 Total future policy benefits 9,156 8,920 Policy claims and other policyholders’ funds 231 226 Total policyholder account balances, future policy benefits and claims $ 34,932 $ 34,132
Balances of and changes in policyholder account balances	The balances of and changes in policyholder account balances were as follows: Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2023 $ 4,752 $ 6,410 $ 6,799 $ 312 $ 471 Contract deposits 17 656 13 — 22 Policy charges (2) — — — — Surrenders and other benefits (185) (18) (320) (2) (32) Net transfer from (to) separate account liabilities (5) — — — — Other variable account adjustments — 333 — — — Interest credited 37 — 57 — (1) Balance at March 31, 2023 $ 4,614 $ 7,381 $ 6,549 $ 310 $ 460 Weighted-average crediting rate 3.2 % 1.3 % 3.5 % 1.9 % N/A Cash surrender value (1) $ 4,584 $ 6,911 $ 6,538 $ 278 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,544 $ 1,520 $ 2,654 $ 524 $ 24,986 Contract deposits 31 54 49 (1) 841 Policy charges (44) (24) (30) — (100) Surrenders and other benefits (17) (23) (13) (11) (621) Net transfer from (to) separate account liabilities — (14) — — (19) Other variable account adjustments — — — — 333 Interest credited 13 12 2 5 125 Balance at March 31, 2023 $ 1,527 $ 1,525 $ 2,662 $ 517 $ 25,545 Weighted-average crediting rate 3.5 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 9,080 $ 57,134 $ 14,874 $ 147 Cash surrender value (1) $ 1,369 $ 1,053 $ 2,162 $ 342 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2022 $ 4,972 $ 4,458 $ 7,251 $ 323 $ 527 Contract deposits 146 2,784 55 — 53 Policy charges (8) — — — — Surrenders and other benefits (450) (41) (744) (17) (124) Net transfer from (to) separate account liabilities (60) — — — — Other variable account adjustments — (791) — — — Interest credited 152 — 237 6 15 Balance at December 31, 2022 $ 4,752 $ 6,410 $ 6,799 $ 312 $ 471 Weighted-average crediting rate 3.2 % 1.1 % 3.5 % 1.9 % N/A Cash surrender value (1) $ 4,720 $ 5,986 $ 6,786 $ 277 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2022 $ 1,602 $ 1,493 $ 2,534 $ 563 $ 23,723 Contract deposits 134 233 218 (3) 3,620 Policy charges (178) (91) (116) — (393) Surrenders and other benefits (67) (70) (50) (56) (1,619) Net transfer from (to) separate account liabilities — (102) — — (162) Other variable account adjustments — — — — (791) Interest credited 53 57 68 20 608 Balance at December 31, 2022 $ 1,544 $ 1,520 $ 2,654 $ 524 $ 24,986 Weighted-average crediting rate 3.6 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 9,187 $ 57,354 $ 15,043 $ 149 Cash surrender value (1) $ 1,382 $ 1,054 $ 2,148 $ 348 (1) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. For variable annuities and VUL, the cash surrender value shown is the proportion of the total cash surrender value related to their fixed account liabilities.
Account values by guaranteed minimum interest rates	The following tables present the account values of fixed deferred annuities, fixed insurance, and the fixed portion of variable annuities and variable insurance contracts by range of guaranteed minimum interest rates (“GMIRs”) and the range of the difference between rates credited to policyholders and contractholders as of March 31, 2023 and December 31, 2022 and the respective guaranteed minimums, as well as the percentage of account values subject to rate reset in the time period indicated. Rates are reset at management’s discretion, subject to guaranteed minimums. March 31, 2023 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 125 $ 130 $ 19 $ 2 $ — $ 276 2 % – 2.99% 167 — — — — 167 3 % – 3.99% 2,513 — — 1 — 2,514 4 % – 5.00% 1,598 — — — — 1,598 Total $ 4,403 $ 130 $ 19 $ 3 $ — $ 4,555 Fixed accounts of structured variable annuities 1 % – 1.99% $ 8 $ 12 $ 3 $ 1 $ 2 $ 26 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 8 $ 12 $ 3 $ 1 $ 2 $ 26 Fixed annuities 1 % – 1.99% $ 234 $ 538 $ 137 $ 31 $ 10 $ 950 2 % – 2.99% 63 — — — — 63 3 % – 3.99% 3,196 — — — — 3,196 4 % – 5.00% 2,322 — — — — 2,322 Total $ 5,815 $ 538 $ 137 $ 31 $ 10 $ 6,531 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ — $ 3 $ 7 $ 14 $ — $ 24 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ — $ 3 $ 7 $ 14 $ — $ 24 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 54 — 4 — — 58 3 % – 3.99% 877 — 3 2 — 882 4 % – 5.00% 556 — — — — 556 Total $ 1,487 $ — $ 7 $ 2 $ — $ 1,496 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable universal life insurance 1 % – 1.99% $ — $ 4 $ 3 $ — $ 13 $ 20 2 % – 2.99% 26 3 — 1 4 34 3 % – 3.99% 131 1 2 2 — 136 4 % – 5.00% 639 — — — — 639 Total $ 796 $ 8 $ 5 $ 3 $ 17 $ 829 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 3 $ — $ — $ 3 2 % – 2.99% 128 — — — — 128 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 128 $ — $ 3 $ — $ — $ 131 Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 32 — — — — 32 4 % – 5.00% 309 — — — — 309 Total $ 341 $ — $ — $ — $ — $ 341 Total 1 % – 1.99% $ 367 $ 687 $ 172 $ 48 $ 25 $ 1,299 2 % – 2.99% 438 3 4 1 4 450 3 % – 3.99% 6,749 1 5 5 — 6,760 4 % – 5.00% 5,424 — — — — 5,424 Total $ 12,978 $ 691 $ 181 $ 54 $ 29 $ 13,933 Percentage of total account values that reset in: Next 12 months 99.9 % 96.6 % 97.5 % 100.0 % 100.0 % 99.7 % > 12 months to 24 months — 3.2 2.4 — — 0.2 > 24 months 0.1 0.2 0.1 — — 0.1 Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % December 31, 2022 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 169 $ 102 $ 18 $ — $ — $ 289 2 % – 2.99% 177 — — — — 177 3 % – 3.99% 2,611 — — 1 — 2,612 4 % – 5.00% 1,611 — — — — 1,611 Total $ 4,568 $ 102 $ 18 $ 1 $ — $ 4,689 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of structured variable annuities 1 % – 1.99% $ 12 $ 7 $ 3 $ 1 $ — $ 23 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 12 $ 7 $ 3 $ 1 $ — $ 23 Fixed annuities 1 % – 1.99% $ 460 $ 402 $ 132 $ 33 $ 10 $ 1,037 2 % – 2.99% 67 — — — — 67 3 % – 3.99% 3,344 — — — — 3,344 4 % – 5.00% 2,333 — — — — 2,333 Total $ 6,204 $ 402 $ 132 $ 33 $ 10 $ 6,781 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ 1 $ 3 $ 7 $ 14 $ — $ 25 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 1 $ 3 $ 7 $ 14 $ — $ 25 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 55 — 1 — — 56 3 % – 3.99% 885 1 2 — — 888 4 % – 5.00% 569 — — — — 569 Total $ 1,509 $ 1 $ 3 $ — $ — $ 1,513 Fixed accounts of variable universal life insurance 1 % – 1.99% $ 4 $ 3 $ 2 $ — $ 9 $ 18 2 % – 2.99% 30 — 1 2 2 35 3 % – 3.99% 134 1 1 1 — 137 4 % – 5.00% 648 — — — — 648 Total $ 816 $ 4 $ 4 $ 3 $ 11 $ 838 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 3 $ — $ — $ 3 2 % – 2.99% 126 — — — — 126 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 126 $ — $ 3 $ — $ — $ 129 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 32 — — — — 32 4 % – 5.00% 314 — — — — 314 Total $ 346 $ — $ — $ — $ — $ 346 Total 1 % – 1.99% $ 646 $ 517 $ 165 $ 48 $ 19 $ 1,395 2 % – 2.99% 455 — 2 2 2 461 3 % – 3.99% 7,006 2 3 2 — 7,013 4 % – 5.00% 5,475 — — — — 5,475 Total $ 13,582 $ 519 $ 170 $ 52 $ 21 $ 14,344 Percentage of total account values that reset in: Next 12 months 99.8 % 96.3 % 93.8 % 100.0 % 100.0 % 99.6 % > 12 months to 24 months 0.1 3.0 5.8 — — 0.3 > 24 months 0.1 0.7 0.4 — — 0.1 Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 %
Balances of and changes in liability for future policy benefits, and Revenue and interest recognized	The following tables summarize the balances of and changes in the liability for future policy benefits, including the January 1, 2021 adoption of ASU 2018-12: Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Long Term Care Insurance Total, All Products (in millions) Pre-adoption balance at December 31, 2020 $ 1,536 $ 633 $ 530 $ 5,749 $ 8,448 Effect of shadow reserve adjustments (175) — — (566) (741) Adjustments for loss contracts (with premiums in excess of gross premiums) under the modified retrospective approach 4 — — 35 39 Effect of change in deferred profit liability (43) — — — (43) Effect of remeasurement of the liability at the current single A discount rate 215 265 238 1,965 2,683 Post-adoption balance at January 1, 2021 1,537 898 768 7,183 10,386 Less: reinsurance recoverable — 601 24 3,623 4,248 Post-adoption balance at January 1, 2021, after $ 1,537 $ 297 $ 744 $ 3,560 $ 6,138 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2021 $ — $ 702 $ 238 $ 1,831 $ 2,771 Beginning balance at original discount rate — 536 183 1,498 2,217 Effect of changes in cash flow assumptions — — — (6) (6) Effect of actual variances from expected experience — 56 (35) (61) (40) Adjusted beginning of year balance $ — $ 592 $ 148 $ 1,431 $ 2,171 Issuances 38 78 18 — 134 Interest accrual — 29 9 73 111 Net premiums collected (38) (63) (20) (184) (305) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 636 $ 155 $ 1,320 $ 2,111 Effect of changes in discount rate assumptions — 141 33 227 401 Balance at December 31, 2021 $ — $ 777 $ 188 $ 1,547 $ 2,512 Present Value of Future Policy Benefits: Balance at January 1, 2021 $ 1,537 $ 1,600 $ 1,006 $ 9,014 $ 13,157 Beginning balance at original discount rate 1,321 1,169 714 6,716 9,920 Effect of changes in cash flow assumptions — — — (8) (8) Effect of actual variances from expected experience (14) 58 (40) (124) (120) Adjusted beginning of year balance $ 1,307 $ 1,227 $ 674 $ 6,584 $ 9,792 Issuances 39 78 18 — 135 Interest accrual 53 70 39 347 509 Benefit payments (168) (120) (43) (336) (667) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,231 $ 1,255 $ 688 $ 6,595 $ 9,769 Effect of changes in discount rate assumptions 139 343 226 1,755 2,463 Balance at December 31, 2021 $ 1,370 $ 1,598 $ 914 $ 8,350 $ 12,232 Adjustment due to reserve flooring $ — $ 1 $ — $ — $ 1 Net liability for future policy benefits $ 1,370 $ 822 $ 726 $ 6,803 $ 9,721 Less: reinsurance recoverable 1,265 558 25 3,443 5,291 Net liability for future policy benefits, after reinsurance recoverable $ 105 $ 264 $ 701 $ 3,360 $ 4,430 Discounted expected future gross premiums $ — $ 2,005 $ 1,158 $ 1,623 $ 4,786 Expected future gross premiums $ — $ 2,815 $ 1,395 $ 1,905 $ 6,115 Expected future benefit payments $ 1,707 $ 2,159 $ 1,217 $ 11,568 $ 16,651 Weighted average interest accretion rate 4.2 % 6.5 % 5.9 % 5.3 % Weighted average discount rate 2.6 % 2.8 % 2.8 % 2.9 % Weighted average duration of liability (in years) 7 8 9 10 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2022 $ — $ 777 $ 188 $ 1,547 $ 2,512 Beginning balance at original discount rate — 636 155 1,320 2,111 Effect of changes in cash flow assumptions — 1 1 52 54 Effect of actual variances from expected experience — 47 (22) (48) (23) Adjusted beginning of year balance $ — $ 684 $ 134 $ 1,324 $ 2,142 Issuances 42 57 12 — 111 Interest accrual — 34 7 65 106 Net premiums collected (42) (67) (16) (169) (294) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 708 $ 137 $ 1,220 $ 2,065 Effect of changes in discount rate assumptions — (22) (3) (13) (38) Balance at December 31, 2022 $ — $ 686 $ 134 $ 1,207 $ 2,027 Present Value of Future Policy Benefits: Balance at January 1, 2022 $ 1,370 $ 1,598 $ 914 $ 8,350 $ 12,232 Beginning balance at original discount rate 1,231 1,255 688 6,595 9,769 Effect of changes in cash flow assumptions — (8) 1 42 35 Effect of actual variances from expected experience (13) 52 (28) (36) (25) Adjusted beginning of year balance $ 1,218 $ 1,299 $ 661 $ 6,601 $ 9,779 Issuances 42 57 12 — 111 Interest accrual 49 73 38 336 496 Benefit payments (154) (116) (42) (368) (680) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,155 $ 1,313 $ 669 $ 6,569 $ 9,706 Effect of changes in discount rate assumptions (90) 6 27 (130) (187) Balance at December 31, 2022 $ 1,065 $ 1,319 $ 696 $ 6,439 $ 9,519 Adjustment due to reserve flooring $ — $ 3 $ — $ — $ 3 Net liability for future policy benefits $ 1,065 $ 636 $ 562 $ 5,232 $ 7,495 Less: reinsurance recoverable 949 443 19 2,649 4,060 Net liability for future policy benefits, after reinsurance recoverable $ 116 $ 193 $ 543 $ 2,583 $ 3,435 Discounted expected future gross premiums $ — $ 1,855 $ 926 $ 1,381 $ 4,162 Expected future gross premiums $ — $ 3,183 $ 1,331 $ 1,908 $ 6,422 Expected future benefit payments $ 1,595 $ 2,234 $ 1,169 $ 11,229 $ 16,227 Weighted average interest accretion rate 4.1 % 6.4 % 6.1 % 5.2 % Weighted average discount rate 5.2 % 5.5 % 5.4 % 5.4 % Weighted average duration of liability (in years) 6 7 8 9 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2023 $ — $ 686 $ 134 $ 1,207 $ 2,027 Beginning balance at original discount rate — 708 137 1,220 2,065 Effect of changes in cash flow assumptions — 1 — (1) — Effect of actual variances from expected experience — 3 (6) (21) (24) Adjusted beginning of year balance $ — $ 712 $ 131 $ 1,198 $ 2,041 Issuances 31 13 3 — 47 Interest accrual — 8 2 15 25 Net premiums collected (31) (17) (4) (39) (91) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 716 $ 132 $ 1,174 $ 2,022 Effect of changes in discount rate assumptions — (5) — 6 1 Balance at March 31, 2023 $ — $ 711 $ 132 $ 1,180 $ 2,023 Present Value of Future Policy Benefits: Balance at January 1, 2023 $ 1,065 $ 1,319 $ 696 $ 6,439 $ 9,519 Beginning balance at original discount rate 1,155 1,313 669 6,569 9,706 Effect of changes in cash flow assumptions — 1 — (2) (1) Effect of actual variances from expected experience — 3 (9) (23) (29) Adjusted beginning of year balance $ 1,155 $ 1,317 $ 660 $ 6,544 $ 9,676 Issuances 31 13 3 — 47 Interest accrual 12 18 9 83 122 Benefit payments (40) (37) (10) (97) (184) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,158 $ 1,311 $ 662 $ 6,530 $ 9,661 Effect of changes in discount rate assumptions (68) 36 43 33 44 Balance at March 31, 2023 $ 1,090 $ 1,347 $ 705 $ 6,563 $ 9,705 Adjustment due to reserve flooring $ — $ 5 $ — $ — $ 5 Net liability for future policy benefits $ 1,090 $ 641 $ 573 $ 5,383 $ 7,687 Less: reinsurance recoverable 943 447 21 2,724 4,135 Net liability for future policy benefits, after reinsurance recoverable $ 147 $ 194 $ 552 $ 2,659 $ 3,552 Discounted expected future gross premiums $ — $ 1,887 $ 932 $ 1,370 $ 4,189 Expected future gross premiums $ — $ 3,165 $ 1,314 $ 1,857 $ 6,336 Expected future benefit payments $ 1,603 $ 2,231 $ 1,153 $ 11,100 $ 16,087 Weighted average interest accretion rate 4.2 % 6.4 % 6.2 % 5.2 % Weighted average discount rate 5.0 % 5.1 % 5.1 % 5.1 % Weighted average duration of liability (in years) 6 7 8 9 The amount of revenue and interest recognized in the Statement of Operations was as follows: Three Months Ended March 31, 2023 Gross Premiums Interest Expense (in millions) Life contingent payout annuities $ 33 $ 12 Term and whole life insurance 42 10 Disability insurance 31 7 Long term care insurance 45 68 Total $ 151 $ 97 Years Ended December 31, 2022 2021 Gross Premiums Interest Expense Gross Premiums Interest Expense (in millions) Life contingent payout annuities $ 45 $ 49 $ 39 $ 53 Term and whole life insurance 169 39 166 41 Disability insurance 127 31 131 30 Long term care insurance 189 271 192 274 Total $ 530 $ 390 $ 528 $ 398
Balances of and changes in additional liabilities related to insurance guarantees	The balances of and changes in additional liabilities related to insurance guarantees were as follows: Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,100 $ 74 $ 12 $ 1,186 Interest accrual 8 1 — 9 Benefit accrual 33 2 1 36 Benefit payments (12) (4) (1) (17) Effect of actual variances from expected experience (5) — (1) (6) Impact of change in net unrealized (gains) losses on securities 12 1 3 16 Balance at March 31, 2023 $ 1,136 $ 74 $ 14 $ 1,224 Weighted average interest accretion rate 2.9 % 7.1 % 3.9 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6 Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2022 $ 1,120 $ 76 $ 46 $ 1,242 Interest accrual 32 5 1 38 Benefit accrual 108 8 — 116 Benefit payments (43) (14) (4) (61) Effect of actual variances from expected experience (19) 2 (2) (19) Impact of change in net unrealized (gains) losses on securities (98) (3) (29) (130) Balance at December 31, 2022 $ 1,100 $ 74 $ 12 $ 1,186 Weighted average interest accretion rate 2.9 % 7.0 % 4.1 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6
Changes in unearned revenue	The following tables summarize the balances of and changes in unearned revenue, including the January 1, 2021 adoption of ASU 2018-12: Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Total, (in millions) Pre-adoption balance at December 31, 2020 $ 19 $ 76 $ — $ 95 Effect of shadow reserve adjustments 5 10 153 168 Post-adoption balance at January 1, 2021 24 86 153 263 Deferral of revenue 3 34 55 92 Amortization (1) (8) (13) (22) Balance at December 31, 2021 $ 26 $ 112 $ 195 $ 333 Balance at January 1, 2022 $ 26 $ 112 $ 195 $ 333 Deferral of revenue 2 48 54 104 Amortization (1) (10) (16) (27) Balance at December 31, 2022 $ 27 $ 150 $ 233 $ 410 Balance at January 1, 2023 $ 27 $ 150 $ 233 $ 410 Deferral of revenue — 14 13 27 Amortization — (3) (5) (8) Balance at March 31, 2023 $ 27 $ 161 $ 241 $ 429

Separate Account Assets and L_2

Separate Account Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
Insurance [Abstract]
Aggregate fair value of separate account assets, by major asset category	Aggregate fair value of separate account assets, by major asset category, consisted of the following: March 31, 2023 December 31, 2022 (in millions) Mutual funds $ 72,844 $ 70,876 Property/Real estate 1,894 1,876 Equity securities 706 679 Debt securities 308 279 Cash and cash equivalents 136 208 Other 53 44 Total $ 75,941 $ 73,962
Balances of and changes in separate account liabilities	The balances of and changes in separate account liabilities were as follows: Variable Annuities Variable Universal Life Threadneedle Investment Liabilities Total (in millions) Balance at January 1, 2023 $ 63,223 $ 7,653 $ 3,086 $ 73,962 Premiums and deposits 204 111 68 383 Policy charges (331) (71) (2) (404) Surrenders and other benefits (1,250) (71) (185) (1,506) Investment return 2,963 407 69 3,439 Net transfer from (to) general account 5 1 — 6 Other charges — — 61 61 Balance at March 31, 2023 $ 64,814 $ 8,030 $ 3,097 $ 75,941 Cash surrender value $ 63,086 $ 7,560 $ 3,097 $ 73,743 Variable Annuities Variable Universal Life Threadneedle Investment Liabilities Total (in millions) Balance at January 1, 2022 $ 82,862 $ 9,376 $ 5,253 $ 97,491 Premiums and deposits 1,067 425 252 1,744 Policy charges (1,396) (278) (11) (1,685) Surrenders and other benefits (4,923) (286) (1,548) (6,757) Investment return (14,450) (1,654) (273) (16,377) Net transfer from (to) general account 63 70 — 133 Other charges — — (587) (587) Balance at December 31, 2022 $ 63,223 $ 7,653 $ 3,086 $ 73,962 Cash surrender value $ 61,461 $ 7,200 $ 3,086 $ 71,747

Market Risk Benefits (Tables)

Market Risk Benefits (Tables)	3 Months Ended
	Mar. 31, 2023
Insurance [Abstract]
Balances of and changes in market risk benefits	The following tables summarize the balances of and changes in market risk benefits, including the January 1, 2021 adoption of ASU 2018-12: Pre-adoption balance at December 31, 2020 $ 3,084 Effect of shadow reserve adjustments (3) Adjustments for the cumulative effect of the changes in instrument-specific credit risk on market risk benefits between the original contract issuance date and the transition date 670 Adjustments to the host contract for differences between previous carrying amount and fair value measurement for the market risk benefits under the option-based method of valuation 20 Adjustments for the remaining difference (exclusive of the instrument-specific credit risk change and host contract adjustments) between previous carrying amount and fair value measurements for the market risk benefits 1,058 Post-adoption balance at January 1, 2021 $ 4,829 Years Ended December 31, 2022 2021 (in millions, except age) Balance at beginning of period $ 2,901 $ 4,829 Issuances 27 45 Interest accrual and time decay (237) (294) Reserve increase from attributed fees collected 810 819 Reserve release for benefit payments and derecognition (29) (8) Effect of changes in interest rates and bond markets (4,193) (1,053) Effect of changes in equity markets and subaccount performance 2,258 (1,558) Effect of changes in equity index volatility 205 73 Actual policyholder behavior different from expected behavior 17 52 Effect of changes in other future expected assumptions (139) 123 Effect of changes in the instrument-specific credit risk on market risk benefits (517) (127) Balance at end of period $ 1,103 $ 2,901 Reconciliation of the gross balances in an asset or liability position: Asset position $ 1,015 $ 539 Liability position (2,118) (3,440) Net asset (liability) position $ (1,103) $ (2,901) Guaranteed benefit amount in excess of current account balances (net amount at risk): Death benefits $ 2,781 $ 251 Living benefits $ 3,364 $ 195 Composite (greater of) $ 5,830 $ 441 Weighted average attained age of contractholders 68 68 Changes in unrealized (gains) losses in net income relating to liabilities held at end of period $ (2,044) $ (2,502) Changes in unrealized (gains) losses in other comprehensive income relating to liabilities held at end of period $ (505) $ (102) Three Months Ended March 31, 2023 2022 (in millions, except age) Balance at beginning of period $ 1,103 $ 2,901 Issuances 4 8 Interest accrual and time decay (26) (86) Reserve increase from attributed fees collected 189 199 Reserve release for benefit payments and derecognition (9) (3) Effect of changes in interest rates and bond markets 504 (1,454) Effect of changes in equity markets and subaccount performance (392) 586 Effect of changes in equity index volatility (43) 55 Actual policyholder behavior different from expected behavior 7 20 Effect of changes in other future expected assumptions — — Effect of changes in the instrument-specific credit risk on market risk benefits (204) (385) Balance at end of period $ 1,133 $ 1,841 Reconciliation of the gross balances in an asset or liability position: Asset position $ 990 $ 742 Liability position (2,123) (2,583) Net asset (liability) position $ (1,133) $ (1,841) Guaranteed benefit amount in excess of current account balances (net amount at risk): Death benefits $ 1,956 $ 714 Living benefits $ 2,836 $ 586 Composite (greater of) $ 4,596 $ 1,274 Weighted average attained age of contractholders 68 68 Changes in unrealized (gains) losses in net income relating to liabilities held at end of period $ 59 $ (868) Changes in unrealized (gains) losses in other comprehensive income relating to liabilities held at end of period $ (204) $ (382)
Significant inputs and assumptions used in the fair value measurements	The following tables provide a summary of the significant inputs and assumptions used in the fair value measurements developed by the Company or reasonably available to the Company of market risk benefits: March 31, 2023 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ 1,133 Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.1% Surrender rate (2) 0.2% – 45.6% 3.6% Market volatility (3) 0.0% – 25.1% 11.1% Nonperformance risk (4) 115 bps 115 bps Mortality rate (5) 0.0% – 41.6% 1.5% December 31, 2022 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ 1,103 Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.0% Surrender rate (2) 0.2% – 45.6% 3.6% Market volatility (3) 0.0% – 26.6% 12.1% Nonperformance risk (4) 95 bps 95 bps Mortality rate (5) 0.0% – 41.6% 1.5% (1) The utilization of guaranteed withdrawals represents the percentage of contractholders that will begin withdrawing in any given year. The weighted average utilization rate represents the average assumption, weighted based on the benefit base. The calculation excludes policies that have already started taking withdrawals. (2) The weighted average surrender rate represents the average assumption weighted based on the account value of each contract. (3) Market volatility represents the implied volatility of each contractholder’s mix of funds. The weighted average market volatility represents the average volatility across all contracts, weighted by the size of the guaranteed benefit. (4) The nonperformance risk is the spread added to the U.S. Treasury curve. (5) The weighted average mortality rate represents the average assumption weighted based on the account value of each contract. The following tables provide a summary of the significant unobservable inputs used in the fair value measurements developed by the Company or reasonably available to the Company of Level 3 assets and liabilities: March 31, 2023 Fair Value Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 439 Discounted cash flow Yield/spread to U.S. Treasuries (1) 1.0% – 2.8% 1.4% Asset backed securities $ 1 Discounted cash flow Annual short-term default rate (2) 1.3% 1.3% Annual long-term default rate (2) 3.5% 3.5% Discount rate 27.0% 27.0% Constant prepayment rate 10.0% 10.0% Loss recovery 63.6% 63.6% Fixed deferred indexed annuity ceded embedded derivatives $ 48 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Fixed deferred indexed annuity embedded derivatives $ 44 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Nonperformance risk (4) 115 bps 115 bps IUL embedded derivatives $ 771 Discounted cash flow Nonperformance risk (4) 115 bps 115 bps Structured variable annuity embedded derivatives $ 142 Discounted cash flow Surrender rate (3) 2.4% – 49.5% 2.8% Nonperformance risk (4) 115 bps 115 bps Contingent consideration liabilities $ 70 Discounted cash flow Discount rate (5) 0.0% – 10.5% 2.9% December 31, 2022 Fair Value Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 404 Discounted cash flow Yield/spread to U.S. Treasuries (1) 1.1% – 2.3% 1.4% Asset backed securities $ 1 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 27.0% 27.0% Constant prepayment rate 10.0% 10.0% Loss recovery 63.6% 63.6% Fixed deferred indexed annuity ceded embedded derivatives $ 48 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Fixed deferred indexed annuity embedded derivatives $ 44 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Nonperformance risk (4) 95 bps 95 bps IUL embedded derivatives $ 739 Discounted cash flow Nonperformance risk (4) 95 bps 95 bps Structured variable annuity embedded derivatives $ (137) (6) Discounted cash flow Surrender rate (3) 0.8% – 40.0% 0.9% Nonperformance risk (4) 95 bps 95 bps Contingent consideration liabilities $ 62 Discounted cash flow Discount rate (5) 0.0% – 10.5% 3.3% (1) The weighted average for the yield/spread to U.S. Treasuries for corporate debt securities (private placements) is weighted based on the security’s market value as a percentage of the aggregate market value of the securities. (2) The weighted average 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 weighted average surrender rate represents the average assumption weighted based on the account value of each contract. (4) The nonperformance risk is the spread added to the U.S. Treasury curve. (5) The weighted average discount rate represents the average discount rate across all contingent consideration liabilities, weighted based on the size of the contingent consideration liability. (6) The fair value of the structured variable annuity embedded derivatives was a net asset as of December 31, 2022 and the amount is presented as a contra liability.

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2023
Ameriprise Financial
Debt
Schedule of balances and stated interest rates of outstanding debt	The balances and stated interest rates of outstanding debt of Ameriprise Financial were as follows: Outstanding Balance Stated Interest Rate March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 (in millions) Long-term debt: 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 Senior notes due 2032 500 500 4.5 4.5 Senior notes due 2033 750 — 5.2 — Finance lease liabilities 28 30 N/A N/A Other (1) (18) (9) N/A N/A Total long-term debt 3,560 2,821 Short-term borrowings: Federal Home Loan Bank (“FHLB”) advances 201 201 5.1 % 4.6 % Total $ 3,761 $ 3,022 (1) Includes adjustments for net unamortized discounts, debt issuance costs and other lease obligations. N/A Not Applicable

Fair Values of Assets and Lia_2

Fair Values of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Values of Assets and Liabilities
Summary of significant unobservable inputs used in fair value measurements of Level 3 assets and liabilities	The following tables provide a summary of the significant inputs and assumptions used in the fair value measurements developed by the Company or reasonably available to the Company of market risk benefits: March 31, 2023 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ 1,133 Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.1% Surrender rate (2) 0.2% – 45.6% 3.6% Market volatility (3) 0.0% – 25.1% 11.1% Nonperformance risk (4) 115 bps 115 bps Mortality rate (5) 0.0% – 41.6% 1.5% December 31, 2022 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ 1,103 Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.0% Surrender rate (2) 0.2% – 45.6% 3.6% Market volatility (3) 0.0% – 26.6% 12.1% Nonperformance risk (4) 95 bps 95 bps Mortality rate (5) 0.0% – 41.6% 1.5% (1) The utilization of guaranteed withdrawals represents the percentage of contractholders that will begin withdrawing in any given year. The weighted average utilization rate represents the average assumption, weighted based on the benefit base. The calculation excludes policies that have already started taking withdrawals. (2) The weighted average surrender rate represents the average assumption weighted based on the account value of each contract. (3) Market volatility represents the implied volatility of each contractholder’s mix of funds. The weighted average market volatility represents the average volatility across all contracts, weighted by the size of the guaranteed benefit. (4) The nonperformance risk is the spread added to the U.S. Treasury curve. (5) The weighted average mortality rate represents the average assumption weighted based on the account value of each contract. The following tables provide a summary of the significant unobservable inputs used in the fair value measurements developed by the Company or reasonably available to the Company of Level 3 assets and liabilities: March 31, 2023 Fair Value Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 439 Discounted cash flow Yield/spread to U.S. Treasuries (1) 1.0% – 2.8% 1.4% Asset backed securities $ 1 Discounted cash flow Annual short-term default rate (2) 1.3% 1.3% Annual long-term default rate (2) 3.5% 3.5% Discount rate 27.0% 27.0% Constant prepayment rate 10.0% 10.0% Loss recovery 63.6% 63.6% Fixed deferred indexed annuity ceded embedded derivatives $ 48 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Fixed deferred indexed annuity embedded derivatives $ 44 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Nonperformance risk (4) 115 bps 115 bps IUL embedded derivatives $ 771 Discounted cash flow Nonperformance risk (4) 115 bps 115 bps Structured variable annuity embedded derivatives $ 142 Discounted cash flow Surrender rate (3) 2.4% – 49.5% 2.8% Nonperformance risk (4) 115 bps 115 bps Contingent consideration liabilities $ 70 Discounted cash flow Discount rate (5) 0.0% – 10.5% 2.9% December 31, 2022 Fair Value Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 404 Discounted cash flow Yield/spread to U.S. Treasuries (1) 1.1% – 2.3% 1.4% Asset backed securities $ 1 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 27.0% 27.0% Constant prepayment rate 10.0% 10.0% Loss recovery 63.6% 63.6% Fixed deferred indexed annuity ceded embedded derivatives $ 48 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Fixed deferred indexed annuity embedded derivatives $ 44 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Nonperformance risk (4) 95 bps 95 bps IUL embedded derivatives $ 739 Discounted cash flow Nonperformance risk (4) 95 bps 95 bps Structured variable annuity embedded derivatives $ (137) (6) Discounted cash flow Surrender rate (3) 0.8% – 40.0% 0.9% Nonperformance risk (4) 95 bps 95 bps Contingent consideration liabilities $ 62 Discounted cash flow Discount rate (5) 0.0% – 10.5% 3.3% (1) The weighted average for the yield/spread to U.S. Treasuries for corporate debt securities (private placements) is weighted based on the security’s market value as a percentage of the aggregate market value of the securities. (2) The weighted average 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 weighted average surrender rate represents the average assumption weighted based on the account value of each contract. (4) The nonperformance risk is the spread added to the U.S. Treasury curve. (5) The weighted average discount rate represents the average discount rate across all contingent consideration liabilities, weighted based on the size of the contingent consideration liability. (6) The fair value of the structured variable annuity embedded derivatives was a net asset as of December 31, 2022 and the amount is presented as a contra liability.
Schedule of carrying value and estimated fair value of financial instruments not reported at fair value	The following tables provide the carrying value and the estimated fair value of financial instruments that are not reported at fair value: March 31, 2023 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial Assets Mortgage loans, net $ 1,997 $ — $ 137 $ 1,700 $ 1,837 Policy loans 861 — 861 — 861 Receivables 9,985 162 1,657 7,003 8,822 Restricted and segregated cash 1,290 1,290 — — 1,290 Other investments and assets 350 — 303 46 349 Financial Liabilities Policyholder account balances, future policy benefits and claims $ 14,828 $ — $ — $ 13,014 $ 13,014 Investment certificate reserves 11,096 — — 11,033 11,033 Banking and brokerage deposits 22,862 22,862 — — 22,862 Separate account liabilities — investment contracts 3,411 — 3,411 — 3,411 Debt and other liabilities 3,964 208 3,663 7 3,878 December 31, 2022 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial Assets Mortgage loans, net $ 1,987 $ — $ 105 $ 1,695 $ 1,800 Policy loans 847 — 847 — 847 Receivables 10,287 199 1,742 6,996 8,937 Restricted and segregated cash 1,583 1,583 — — 1,583 Other investments and assets 375 — 323 51 374 Financial Liabilities Policyholder account balances, future policy benefits and claims $ 14,450 $ — $ — $ 12,470 $ 12,470 Investment certificate reserves 9,310 — — 9,253 9,253 Banking and brokerage deposits 21,474 21,474 — — 21,474 Separate account liabilities — investment contracts 3,383 — 3,383 — 3,383 Debt and other liabilities 3,242 234 2,909 7 3,150
Ameriprise Financial
Fair Values of Assets and Liabilities
Schedule of balances of assets and liabilities measured at fair value on a recurring basis	The following tables present the balances of assets and liabilities of Ameriprise Financial measured at fair value on a recurring basis (See Note 5 for the balances of assets and liabilities for consolidated investment entities): March 31, 2023 Level 1 Level 2 Level 3 Total (in millions) Assets Cash equivalents $ 1,421 $ 4,446 $ — $ 5,867 Available-for-Sale securities: Corporate debt securities — 10,070 440 10,510 Residential mortgage backed securities — 17,663 — 17,663 Commercial mortgage backed securities — 6,465 — 6,465 Asset backed securities — 7,239 5 7,244 State and municipal obligations — 820 — 820 U.S. government and agency obligations 2,136 — — 2,136 Foreign government bonds and obligations — 28 — 28 Other securities — 17 — 17 Total Available-for-Sale securities 2,136 42,302 445 44,883 Investments at net asset value (“NAV”) 10 (1) Trading and other securities 222 16 — 238 Separate account assets at NAV 75,941 (1) Investments and cash equivalents segregated for regulatory purposes 694 — — 694 Market risk benefits — — 990 990 (2) Receivables: Fixed deferred indexed annuity ceded embedded derivatives — — 48 48 Other assets: Interest rate derivative contracts 6 330 — 336 Equity derivative contracts 140 3,120 — 3,260 Credit derivative contracts — 1 — 1 Foreign exchange derivative contracts 5 32 — 37 Total other assets 151 3,483 — 3,634 Total assets at fair value $ 4,624 $ 50,247 $ 1,483 $ 132,305 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives $ — $ 3 $ 44 $ 47 IUL embedded derivatives — — 771 771 Structured variable annuity embedded derivatives — — 142 142 Total policyholder account balances, future policy benefits and claims — 3 957 960 (3) Market risk benefits — — 2,123 2,123 (2) Customer deposits — 6 — 6 Other liabilities: Interest rate derivative contracts 9 318 — 327 Equity derivative contracts 181 2,528 — 2,709 Credit derivative contracts — 52 — 52 Foreign exchange derivative contracts — 4 — 4 Other 215 3 70 288 Total other liabilities 405 2,905 70 3,380 Total liabilities at fair value $ 405 $ 2,914 $ 3,150 $ 6,469 December 31, 2022 Level 1 Level 2 Level 3 Total (in millions) Assets Cash equivalents $ 1,268 $ 3,835 $ — $ 5,103 Available-for-Sale securities: Corporate debt securities — 9,293 405 9,698 Residential mortgage backed securities — 15,703 — 15,703 Commercial mortgage backed securities — 6,212 — 6,212 Asset backed securities — 6,258 6 6,264 State and municipal obligations — 797 — 797 U.S. government and agency obligations 2,079 — — 2,079 Foreign government bonds and obligations — 41 — 41 Other securities — 17 — 17 Total Available-for-Sale securities 2,079 38,321 411 40,811 Investments at NAV 9 (1) Trading and other securities 211 16 — 227 Separate account assets at NAV 73,962 (1) Investments and cash equivalents segregated for regulatory purposes 646 — — 646 Market risk benefits — — 1,015 1,015 (2) Receivables: Fixed deferred indexed annuity ceded embedded derivatives — — 48 48 Other assets: Interest rate derivative contracts 7 260 — 267 Equity derivative contracts 129 2,575 — 2,704 Credit derivative contracts — 13 — 13 Foreign exchange derivative contracts — 36 — 36 Total other assets 136 2,884 — 3,020 Total assets at fair value $ 4,340 $ 45,056 $ 1,474 $ 124,841 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives $ — $ 3 $ 44 $ 47 IUL embedded derivatives — — 739 739 Structured variable annuity embedded derivatives — — (137) (137) (4) Total policyholder account balances, future policy benefits and claims — 3 646 649 (5) Market risk benefits — — 2,118 2,118 (2) Customer deposits — 4 — 4 Other liabilities: Interest rate derivative contracts 4 351 — 355 Equity derivative contracts 139 2,238 — 2,377 Credit derivative contracts — 2 — 2 Foreign exchange derivative contracts 6 8 — 14 Other 205 5 62 272 Total other liabilities 354 2,604 62 3,020 Total liabilities at fair value $ 354 $ 2,611 $ 2,826 $ 5,791 (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) See Note 11 for additional information related to market risk benefits, including the balances of and changes in market risk benefits as well as the significant inputs and assumptions used in the fair value measurements of market risk benefits. (3) The Company’s adjustment for nonperformance risk resulted in a $200 million cumulative decrease to the embedded derivatives as of March 31, 2023. (4) The fair value of the structured variable annuity embedded derivatives was a net asset as of December 31, 2022 and the amount is presented as a contra liability. (5) The Company’s adjustment for nonperformance risk resulted in a $139 million cumulative decrease to the embedded derivatives as of December 31, 2022.
Summary of changes in Level 3 assets measured at fair value on a recurring basis	The following tables provide a summary of changes in Level 3 assets and liabilities of Ameriprise Financial measured at fair value on a recurring basis: Available-for-Sale Securities Receivables Corporate Debt Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2023 $ 405 $ 6 $ 411 $ 48 Total gains (losses) included in: Other comprehensive income (loss) 8 — 8 — Purchases 55 — 55 — Settlements (28) (1) (29) — Balance at March 31, 2023 $ 440 $ 5 $ 445 $ 48 Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at March 31, 2023 $ 8 $ — $ 8 $ — Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2023 $ 44 $ 739 $ (137) (3) $ 646 $ 62 Total (gains) losses included in: Net income 1 (1) 38 (1) 263 (2) 302 — Other comprehensive income (loss) — — — — 1 Issues — 24 12 36 14 Settlements (1) (30) 4 (27) (7) Balance at March 31, 2023 $ 44 $ 771 $ 142 $ 957 $ 70 Changes in unrealized (gains) losses in net income relating to liabilities held at March 31, 2023 $ — $ 38 (1) $ 263 (2) $ 301 $ — Available-for-Sale Securities Receivables Corporate Debt Securities Commercial Mortgage Backed Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2022 $ 502 $ 35 $ 7 $ 544 $ 59 Total gains (losses) included in: Net income — — — — (3) Other comprehensive income (loss) (22) — — (22) — Purchases 23 112 — 135 — Settlements (6) — — (6) (1) Transfers out of Level 3 — (35) — (35) — Balance at March 31, 2022 $ 497 $ 112 $ 7 $ 616 $ 55 Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at March 31, 2022 $ (21) $ — $ — $ (21) $ — Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2022 $ 56 $ 905 $ 406 $ 1,367 $ 61 Total (gains) losses included in: Net income (3) (1) (32) (1) (124) (2) (159) — Other comprehensive income (loss) — — — — (1) Issues — — 4 4 8 Settlements (1) (25) (6) (32) (6) Balance at March 31, 2022 $ 52 $ 848 $ 280 $ 1,180 $ 62 Changes in unrealized (gains) losses in net income relating to liabilities held at March 31, 2022 $ — $ (32) (1) $ — $ (32) $ — (1) Included in Interest credited to fixed accounts. (2) Included in Benefits, claims, losses and settlement expenses. (3) The fair value of the structured variable annuity embedded derivatives was a net asset as of January 1, 2023 and the amount is presented as a contra liability.
Summary of changes in Level 3 liabilities measured at fair value on a recurring basis	The following tables provide a summary of changes in Level 3 assets and liabilities of Ameriprise Financial measured at fair value on a recurring basis: Available-for-Sale Securities Receivables Corporate Debt Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2023 $ 405 $ 6 $ 411 $ 48 Total gains (losses) included in: Other comprehensive income (loss) 8 — 8 — Purchases 55 — 55 — Settlements (28) (1) (29) — Balance at March 31, 2023 $ 440 $ 5 $ 445 $ 48 Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at March 31, 2023 $ 8 $ — $ 8 $ — Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2023 $ 44 $ 739 $ (137) (3) $ 646 $ 62 Total (gains) losses included in: Net income 1 (1) 38 (1) 263 (2) 302 — Other comprehensive income (loss) — — — — 1 Issues — 24 12 36 14 Settlements (1) (30) 4 (27) (7) Balance at March 31, 2023 $ 44 $ 771 $ 142 $ 957 $ 70 Changes in unrealized (gains) losses in net income relating to liabilities held at March 31, 2023 $ — $ 38 (1) $ 263 (2) $ 301 $ — Available-for-Sale Securities Receivables Corporate Debt Securities Commercial Mortgage Backed Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2022 $ 502 $ 35 $ 7 $ 544 $ 59 Total gains (losses) included in: Net income — — — — (3) Other comprehensive income (loss) (22) — — (22) — Purchases 23 112 — 135 — Settlements (6) — — (6) (1) Transfers out of Level 3 — (35) — (35) — Balance at March 31, 2022 $ 497 $ 112 $ 7 $ 616 $ 55 Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at March 31, 2022 $ (21) $ — $ — $ (21) $ — Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2022 $ 56 $ 905 $ 406 $ 1,367 $ 61 Total (gains) losses included in: Net income (3) (1) (32) (1) (124) (2) (159) — Other comprehensive income (loss) — — — — (1) Issues — — 4 4 8 Settlements (1) (25) (6) (32) (6) Balance at March 31, 2022 $ 52 $ 848 $ 280 $ 1,180 $ 62 Changes in unrealized (gains) losses in net income relating to liabilities held at March 31, 2022 $ — $ (32) (1) $ — $ (32) $ — (1) Included in Interest credited to fixed accounts. (2) Included in Benefits, claims, losses and settlement expenses. (3) The fair value of the structured variable annuity embedded derivatives was a net asset as of January 1, 2023 and the amount is presented as a contra liability.

Offsetting Assets and Liabili_2

Offsetting Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
Offsetting [Abstract]
Schedule of gross and net information about assets subject to master netting arrangements	The following tables present the gross and net information about the Company’s assets subject to master netting arrangements: March 31, 2023 Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Amounts of Assets Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 3,436 $ — $ 3,436 $ (2,715) $ (608) $ (77) $ 36 OTC cleared 105 — 105 (47) — — 58 Exchange-traded 93 — 93 (90) — — 3 Total derivatives 3,634 — 3,634 (2,852) (608) (77) 97 Securities borrowed 162 — 162 (65) — (97) — Total $ 3,796 $ — $ 3,796 $ (2,917) $ (608) $ (174) $ 97 December 31, 2022 Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Amounts of Assets Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 2,900 $ — $ 2,900 $ (2,322) $ (568) $ (5) $ 5 OTC cleared 23 — 23 (9) — — 14 Exchange-traded 97 — 97 (75) — — 22 Total derivatives 3,020 — 3,020 (2,406) (568) (5) 41 Securities borrowed 199 — 199 (31) — (164) 4 Total $ 3,219 $ — $ 3,219 $ (2,437) $ (568) $ (169) $ 45 (1) Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets.
Schedule of gross and net information about liabilities subject to master netting arrangements	The following tables present the gross and net information about the Company’s liabilities subject to master netting arrangements: March 31, 2023 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the 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 $ 2,909 $ — $ 2,909 $ (2,715) $ (54) $ (133) $ 7 OTC cleared 47 — 47 (47) — — — Exchange-traded 136 — 136 (90) — (4) 42 Total derivatives 3,092 — 3,092 (2,852) (54) (137) 49 Securities loaned 208 — 208 (65) — (140) 3 Total $ 3,300 $ — $ 3,300 $ (2,917) $ (54) $ (277) $ 52 December 31, 2022 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the 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 $ 2,646 $ — $ 2,646 $ (2,322) $ (43) $ (277) $ 4 OTC cleared 9 — 9 (9) — — — Exchange-traded 93 — 93 (75) — (17) 1 Total derivatives 2,748 — 2,748 (2,406) (43) (294) 5 Securities loaned 235 — 235 (31) — (197) 7 Total $ 2,983 $ — $ 2,983 $ (2,437) $ (43) $ (491) $ 12 (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)	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional value and gross fair value of derivative instruments, including embedded derivatives	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: March 31, 2023 December 31, 2022 Notional Gross Fair Value Notional Gross Fair Value Assets (1) Liabilities (2) Assets (1) Liabilities (2) (in millions) Derivatives designated as hedging instruments Equity contracts - cash flow hedges $ 4 $ — $ 1 $ 6 $ — $ 1 Foreign exchange contracts – net investment hedges 62 — — 85 — — Total qualifying hedges 66 — 1 91 — 1 Derivatives not designated as hedging instruments Interest rate contracts 89,172 336 327 101,307 267 355 Equity contracts 76,747 3,260 2,708 68,493 2,704 2,376 Credit contracts 2,868 1 52 1,857 13 2 Foreign exchange contracts 3,261 37 4 3,171 36 14 Total non-designated hedges 172,048 3,634 3,091 174,828 3,020 2,747 Embedded derivatives IUL N/A — 771 N/A — 739 Fixed deferred indexed annuities and deposit receivables N/A 48 47 N/A 48 47 Structured variable annuities (3) N/A — 142 N/A — (137) SMC N/A — 6 N/A — 4 Total embedded derivatives N/A 48 966 N/A 48 653 Total derivatives $ 172,114 $ 3,682 $ 4,058 $ 174,919 $ 3,068 $ 3,401 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 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 structured variable annuity embedded derivatives as of March 31, 2023 included $337 million of individual contracts in a liability position and $195 million of individual contracts in an asset position. The fair value of the structured variable annuity embedded derivatives as of December 31, 2022 included $194 million of individual contracts in a liability position and $331 million of individual contracts in an asset position.
Summary of impact of derivatives not designated as hedging instruments, including embedded derivatives	The following table presents a summary of the impact of derivatives not designated as hedging instruments, including embedded derivatives, on the Consolidated Statements of Operations: Net Investment Income Banking and Deposit Interest Expense Distribution Expenses Interest Credited to Fixed Accounts Benefits, Claims, Losses and Settlement Expenses Change in Fair Value of Market Risk Benefits General and Administrative Expense (in millions) Three Months Ended March 31, 2023 Interest rate contracts $ — $ — $ — $ — $ 6 $ 247 $ — Equity contracts (1) 1 43 19 164 (462) 3 Credit contracts — — 1 — — (33) — Foreign exchange contracts — — — — — (8) 3 IUL embedded derivatives — — — (8) — — — Fixed deferred indexed annuity and deposit receivables embedded derivatives — — — (1) — — — Structured variable annuity embedded derivatives — — — — (263) — — SMC embedded derivatives — (2) — — — — — Total gain (loss) $ (1) $ (1) $ 44 $ 10 $ (93) $ (256) $ 6 Three Months Ended March 31, 2022 Interest rate contracts $ — $ — $ — $ — $ — $ (1,118) $ — Equity contracts 8 — (61) (16) 8 216 (7) Credit contracts — — (1) — — 97 — Foreign exchange contracts (1) — — — — 31 — IUL embedded derivatives — — — 57 — — — Fixed deferred indexed annuity and deposit receivables embedded derivatives — — — 1 — — — Structured variable annuity embedded derivatives — — — — 123 — — Total gain (loss) $ 7 $ — $ (62) $ 42 $ 131 $ (774) $ (7)
Summary of payments to make and receive for options and swaptions	The following is a summary of the payments the Company is scheduled to make and receive for these options as of March 31, 2023: Premiums Payable Premiums Receivable (in millions) 2023 (1) $ 29 $ 19 2024 132 23 2025 121 21 2026 248 88 2027 20 — 2028 - 2030 220 — Total $ 770 $ 151 (1) 2023 amounts represent the amounts payable and receivable for the period from April 1, 2023 to December 31, 2023.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2023
Stockholders' Equity Note [Abstract]
Schedule of amounts related to each component of OCI	The following table presents the amounts related to each component of OCI: Three Months Ended March 31, 2023 2022 Pretax Income Tax Benefit (Expense) Net of Tax 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) $ 566 $ (124) $ 442 $ (1,592) $ 347 $ (1,245) Reclassification of net (gains) losses on securities included in net income (2) (3) 1 (2) (20) 4 (16) Impact of benefit reserves and reinsurance recoverables (12) 2 (10) 50 (9) 41 Net unrealized gains (losses) on securities 551 (121) 430 (1,562) 342 (1,220) Net unrealized gains (losses) on derivatives: Net unrealized gains (losses) on derivatives arising during the period 3 (1) 2 1 — 1 Net unrealized gains (losses) on derivatives 3 (1) 2 1 — 1 Effect of changes in discount rate assumptions on certain long-duration contracts (83) 18 (65) 460 (98) 362 Effect of changes in instrument-specific credit risk on MRBs 204 (43) 161 385 (82) 303 Foreign currency translation 42 (9) 33 (58) 12 (46) Total other comprehensive income (loss) $ 717 $ (156) $ 561 $ (774) $ 174 $ (600) (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.
Schedule of changes in the balances of each component of AOCI	The following table presents the changes in the balances of each component of AOCI, net of tax: Net Unrealized Gains (Losses) Net Unrealized Gains (Losses) Effect of Changes in Discount Rate Assumptions on Certain Long-Duration Contracts Effect of Changes in Instrument-Specific Credit Risk on MRBs Defined Foreign Currency Translation Other Total (in millions) Balance at January 1, 2023 $ (2,043) $ 3 $ (72) $ (20) $ (75) $ (338) $ (1) $ (2,546) OCI before reclassifications 432 2 (65) 161 — 33 — 563 Amounts reclassified from AOCI (2) — — — — — — (2) Total OCI 430 2 (65) 161 — 33 — 561 Balance at March 31, 2023 $ (1,613) $ 5 $ (137) $ 141 $ (75) $ (305) $ (1) $ (1,985) Balance at January 1, 2022 $ 1,033 $ 4 $ (933) $ (427) $ (151) $ (167) $ (1) $ (642) OCI before reclassifications (1,204) 1 362 303 — (46) — (584) Amounts reclassified from AOCI (16) — — — — — — (16) Total OCI (1,220) 1 362 303 — (46) — (600) Balance at March 31, 2022 $ (187) $ 5 $ (571) $ (124) $ (151) $ (213) $ (1) $ (1,242)

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of computations of basic and diluted earnings per share	The computations of basic and diluted earnings per share were as follows: Three Months Ended March 31, 2023 2022 (in millions, except per share amounts) Numerator: Net income $ 417 $ 825 Denominator: Basic: Weighted-average common shares outstanding 107.9 113.7 Effect of potentially dilutive nonqualified stock options and other share-based awards 2.1 2.5 Diluted: Weighted-average common shares outstanding 110.0 116.2 Earnings per share: Basic $ 3.86 $ 7.26 Diluted $ 3.79 $ 7.10

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Summary of selected financial information by segment and reconciliation to consolidated	The following tables summarize selected financial information by segment and reconcile segment totals to those reported on the consolidated financial statements: March 31, 2023 December 31, 2022 (in millions) Advice & Wealth Management $ 39,099 $ 35,132 Asset Management 7,768 7,967 Retirement & Protection Solutions 102,337 98,901 Corporate & Other 17,436 16,852 Total assets $ 166,640 $ 158,852 Three Months Ended March 31, 2023 2022 (in millions) Adjusted operating net revenues: Advice & Wealth Management $ 2,265 $ 2,042 Asset Management 799 1,017 Retirement & Protection Solutions 824 768 Corporate & Other 126 116 Elimination of segment revenues (1) (316) (352) Total segment adjusted operating net revenues 3,698 3,591 Net realized gains (losses) 3 16 Revenue attributable to consolidated investment entities 41 17 Market impact on non-traditional long-duration products, net — 1 Total net revenues per consolidated statements of operations $ 3,742 $ 3,625 (1) Represents the elimination of intersegment revenues recognized for the three months ended March 31, 2023 and 2022 in each segment as follows: Advice & Wealth Management ($201 million and $228 million, respectively); Asset Management ($17 million and $12 million, respectively); Retirement & Protection Solutions ($102 million and $112 million, respectively); and Corporate & Other ($(4) million and nil, respectively). Three Months Ended March 31, 2023 2022 (in millions) Adjusted operating earnings: Advice & Wealth Management $ 693 $ 440 Asset Management 165 285 Retirement & Protection Solutions 194 175 Corporate & Other (74) (82) Total segment adjusted operating earnings 978 818 Net realized gains (losses) 3 16 Net income (loss) attributable to consolidated investment entities — 2 Market impact on non-traditional long-duration products, net (475) 180 Integration and restructuring charges (10) (10) Pretax income per consolidated statements of operations $ 496 $ 1,006

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021		Dec. 31, 2020
Recent accounting pronouncements
Reduction in equity	$ (4,144)	$ (3,803)	[1]	$ (4,524)	$ (4,837)	[2]
Adjustment
Recent accounting pronouncements
Reduction in equity		(190)			1,104		$ 1,900
Retained Earnings
Recent accounting pronouncements
Reduction in equity	(20,197)	(19,918)		(18,014)	(17,322)	[2]
Retained Earnings | Adjustment
Recent accounting pronouncements
Reduction in equity							900
Accumulated Other Comprehensive Income (Loss)
Recent accounting pronouncements
Reduction in equity	$ 1,985	$ 2,546		$ 1,242	$ 642	[2]
Accumulated Other Comprehensive Income (Loss) | Adjustment
Recent accounting pronouncements
Reduction in equity							$ 1,000
[1]Certain prior period amounts have been restated. See Note 3 for more information.[2]Certain prior period amounts have been restated. See Note 3 for more information.

Recent Accounting Pronounceme_4

Recent Accounting Pronouncements - Adoption of New Accounting Standard (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended				12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022		Mar. 31, 2021	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Assets
Market risk benefits	$ 990	$ 742			$ 1,015	[1]	$ 539
Deferred acquisition costs	2,754				2,777	[1]	2,844
Total assets	166,640				158,852	[1]	177,735
Liabilities:
Policyholder account balances, future policy benefits and claims	34,932				34,132	[1]	35,023
Market risk benefits	2,123	2,583			2,118	[1]	3,440
Liabilities	162,496				155,049	[1]	172,898
Equity:
Retained earnings	20,197				19,918	[1]	17,322
Accumulated other comprehensive income (loss), net of tax	(1,985)				(2,546)	[1]	(642)
Equity	4,144	4,524			3,803	[1]	4,837	[2]
Total liabilities and equity	166,640				158,852	[1]	177,735
Revenues
Premiums, policy and contract charges	362	338	[3]	$ 338	1,397		221
Total revenues	3,845	3,627	[3]	3,346	14,334		13,389
Total net revenues	3,742	3,625	[3]	3,341	14,258		13,377
Benefits and expenses
Distribution expenses	1,226	1,300	[3]	1,178	4,935		5,028
Benefits, claims, losses and settlement expenses	301	32	[3]	240	242		(156)
Remeasurement (gains) losses of future policy benefit reserves	(5)	(6)	[3]	(40)	1		(52)
Change in fair value of market risk benefits	489	100	[3]	(887)	311		(113)
Amortization of deferred acquisition costs	62	65	[3]	66	252		259
Total expenses	3,246	2,619	[3]	1,581	10,327		9,192
Pretax income	496	1,006	[3]	1,760	3,931		4,185
Income tax provision	79	181	[3]	325	782		768
Net income	$ 417	$ 825	[3]	$ 1,435	$ 3,149		$ 3,417
Earnings per share
Basic (in dollars per share)	$ 3.86	$ 7.26	[3]	$ 11.98	$ 28.29		$ 29.13
Diluted (in dollars per share)	$ 3.79	$ 7.10	[3]	$ 11.74	$ 27.70		$ 28.48
Distribution fees
Revenues
Revenue from contracts with customers	$ 517	$ 446	[3]		$ 1,939		$ 1,828
Previously Reported
Assets
Market risk benefits					0		0
Deferred acquisition costs					3,160		2,782
Total assets					158,468		175,910
Liabilities:
Policyholder account balances, future policy benefits and claims					36,067		35,750
Market risk benefits					0		0
Liabilities					154,855		169,969
Equity:
Retained earnings					19,531		17,525
Accumulated other comprehensive income (loss), net of tax					(2,349)		259
Equity					3,613		5,941
Total liabilities and equity					158,468		175,910
Revenues
Premiums, policy and contract charges		368		$ 347	1,411		273
Total revenues		3,657		3,355	14,347		13,443
Total net revenues		3,655		3,350	14,271		13,431
Benefits and expenses
Distribution expenses		1,297		1,175	4,923		5,015
Benefits, claims, losses and settlement expenses		211		653	1,372		716
Remeasurement (gains) losses of future policy benefit reserves		0		0	0		0
Change in fair value of market risk benefits		0		0	0		0
Amortization of deferred acquisition costs		96		5	208		124
Total expenses		2,732		2,857	11,089		10,081
Pretax income		923		493	3,182		3,350
Income tax provision		162		56	623		590
Net income		$ 761		$ 437	$ 2,559		$ 2,760
Earnings per share
Basic (in dollars per share)		$ 6.69		$ 3.65	$ 22.99		$ 23.53
Diluted (in dollars per share)		$ 6.55		$ 3.58	$ 22.51		$ 23
Previously Reported | Distribution fees
Revenues
Revenue from contracts with customers					$ 1,938		$ 1,830
Adjustment
Assets
Market risk benefits					1,015		539
Deferred acquisition costs					(383)		62
Total assets					384		1,825
Liabilities:
Policyholder account balances, future policy benefits and claims					(1,935)		(727)
Market risk benefits					2,118		3,440
Liabilities					194		2,929
Equity:
Retained earnings					387		(203)
Accumulated other comprehensive income (loss), net of tax					(197)		(901)
Equity					190		(1,104)		$ (1,900)
Total liabilities and equity					384		1,825
Revenues
Premiums, policy and contract charges		$ (30)		$ (9)	(14)		(52)
Total revenues		(30)		(9)	(13)		(54)
Total net revenues		(30)		(9)	(13)		(54)
Benefits and expenses
Distribution expenses		3		3	12		13
Benefits, claims, losses and settlement expenses		(179)		(413)	(1,130)		(872)
Remeasurement (gains) losses of future policy benefit reserves		(6)		(40)	1		(52)
Change in fair value of market risk benefits		100		(887)	311		(113)
Amortization of deferred acquisition costs		(31)		61	44		135
Total expenses		(113)		(1,276)	(762)		(889)
Pretax income		83		1,267	749		835
Income tax provision		19		269	159		178
Net income		$ 64		$ 998	$ 590		$ 657
Earnings per share
Basic (in dollars per share)		$ 0.57		$ 8.33	$ 5.30		$ 5.60
Diluted (in dollars per share)		$ 0.55		$ 8.16	$ 5.19		$ 5.48
Adjustment | Distribution fees
Revenues
Revenue from contracts with customers					$ 1		$ (2)
Ameriprise Financial
Assets
Receivables	15,378				15,595	[1]	17,132
Receivables, allowance for credit losses	73				75		55
Other assets	10,119				9,277	[1]	11,672
Liabilities:
Other liabilities	$ 7,315				6,316	[1]	8,857
Ameriprise Financial | Previously Reported
Assets
Receivables					15,779		16,205
Other assets					9,341		11,375
Liabilities:
Other liabilities					6,305		8,641
Ameriprise Financial | Adjustment
Assets
Receivables					(184)		927
Other assets					(64)		297
Liabilities:
Other liabilities					$ 11		$ 216
[1]Certain prior period amounts have been restated. See Note 3 for more information.[2]Certain prior period amounts have been restated. See Note 3 for more information.[3]Certain prior period amounts have been restated. See Note 3 for more information.

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregated Revenue (Details) - USD ($) $ in Millions	3 Months Ended				12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022		Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Revenue disaggregated by segment
Total revenues	$ 3,845	$ 3,627	[1]	$ 3,346	$ 14,334	$ 13,389
Banking and deposit interest expense	(103)	(2)	[1]
Total net revenues	3,742	3,625	[1]	$ 3,341	14,258	13,377
Management and financial advice fees
Revenue disaggregated by segment
Revenue from contracts with customers	2,137	2,459	[1]
Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers	517	446	[1]		$ 1,939	$ 1,828
Advice & Wealth Management
Revenue disaggregated by segment
Total net revenues	2,064	1,814
Asset Management
Revenue disaggregated by segment
Total net revenues	782	1,005
Retirement & Protection Solutions
Revenue disaggregated by segment
Total net revenues	722	656
Corporate & Other
Revenue disaggregated by segment
Total net revenues	130	116
Reportable segments
Revenue disaggregated by segment
Revenue from contracts with customers	2,830	3,083
Revenue from other sources	1,291	862
Total revenues	4,121	3,945
Banking and deposit interest expense	(107)	(2)
Total net revenues	4,014	3,943
Reportable segments | Management and financial advice fees
Revenue disaggregated by segment
Revenue from contracts with customers	2,004	2,290
Reportable segments | Asset Management: Retail
Revenue disaggregated by segment
Revenue from contracts with customers	491	644
Reportable segments | Asset Management: Institutional
Revenue disaggregated by segment
Revenue from contracts with customers	152	195
Reportable segments | Advisory fees
Revenue disaggregated by segment
Revenue from contracts with customers	1,109	1,191
Reportable segments | Financial planning fees
Revenue disaggregated by segment
Revenue from contracts with customers	101	97
Reportable segments | Transaction and other fees
Revenue disaggregated by segment
Revenue from contracts with customers	151	163
Reportable segments | Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers	763	735
Reportable segments | Mutual funds
Revenue disaggregated by segment
Revenue from contracts with customers	227	269
Reportable segments | Insurance and annuity
Revenue disaggregated by segment
Revenue from contracts with customers	329	362
Reportable segments | Off-balance sheet brokerage cash
Revenue disaggregated by segment
Revenue from contracts with customers	126	16
Reportable segments | Other products
Revenue disaggregated by segment
Revenue from contracts with customers	81	88
Reportable segments | Other revenues
Revenue disaggregated by segment
Revenue from contracts with customers	63	58
Reportable segments | Advice & Wealth Management
Revenue disaggregated by segment
Revenue from contracts with customers	1,950	1,962
Revenue from other sources	418	82
Total revenues	2,368	2,044
Banking and deposit interest expense	(103)	(2)
Total net revenues	2,265	2,042
Reportable segments | Advice & Wealth Management | Management and financial advice fees
Revenue disaggregated by segment
Revenue from contracts with customers	1,299	1,380
Reportable segments | Advice & Wealth Management | Asset Management: Retail
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Advice & Wealth Management | Asset Management: Institutional
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Advice & Wealth Management | Advisory fees
Revenue disaggregated by segment
Revenue from contracts with customers	1,109	1,191
Reportable segments | Advice & Wealth Management | Financial planning fees
Revenue disaggregated by segment
Revenue from contracts with customers	101	97
Reportable segments | Advice & Wealth Management | Transaction and other fees
Revenue disaggregated by segment
Revenue from contracts with customers	89	92
Reportable segments | Advice & Wealth Management | Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers	593	529
Reportable segments | Advice & Wealth Management | Mutual funds
Revenue disaggregated by segment
Revenue from contracts with customers	175	204
Reportable segments | Advice & Wealth Management | Insurance and annuity
Revenue disaggregated by segment
Revenue from contracts with customers	211	221
Reportable segments | Advice & Wealth Management | Off-balance sheet brokerage cash
Revenue disaggregated by segment
Revenue from contracts with customers	126	16
Reportable segments | Advice & Wealth Management | Other products
Revenue disaggregated by segment
Revenue from contracts with customers	81	88
Reportable segments | Advice & Wealth Management | Other revenues
Revenue disaggregated by segment
Revenue from contracts with customers	58	53
Reportable segments | Asset Management
Revenue disaggregated by segment
Revenue from contracts with customers	786	1,010
Revenue from other sources	13	7
Total revenues	799	1,017
Banking and deposit interest expense	0	0
Total net revenues	799	1,017
Reportable segments | Asset Management | Management and financial advice fees
Revenue disaggregated by segment
Revenue from contracts with customers	691	894
Reportable segments | Asset Management | Asset Management: Retail
Revenue disaggregated by segment
Revenue from contracts with customers	491	644
Reportable segments | Asset Management | Asset Management: Institutional
Revenue disaggregated by segment
Revenue from contracts with customers	152	195
Reportable segments | Asset Management | Advisory fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Asset Management | Financial planning fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Asset Management | Transaction and other fees
Revenue disaggregated by segment
Revenue from contracts with customers	48	55
Reportable segments | Asset Management | Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers	90	111
Reportable segments | Asset Management | Mutual funds
Revenue disaggregated by segment
Revenue from contracts with customers	52	65
Reportable segments | Asset Management | Insurance and annuity
Revenue disaggregated by segment
Revenue from contracts with customers	38	46
Reportable segments | Asset Management | Off-balance sheet brokerage cash
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Asset Management | Other products
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Asset Management | Other revenues
Revenue disaggregated by segment
Revenue from contracts with customers	5	5
Reportable segments | Retirement & Protection Solutions
Revenue disaggregated by segment
Revenue from contracts with customers	94	111
Revenue from other sources	730	657
Total revenues	824	768
Banking and deposit interest expense	0	0
Total net revenues	824	768
Reportable segments | Retirement & Protection Solutions | Management and financial advice fees
Revenue disaggregated by segment
Revenue from contracts with customers	14	16
Reportable segments | Retirement & Protection Solutions | Asset Management: Retail
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Retirement & Protection Solutions | Asset Management: Institutional
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Retirement & Protection Solutions | Advisory fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Retirement & Protection Solutions | Financial planning fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Retirement & Protection Solutions | Transaction and other fees
Revenue disaggregated by segment
Revenue from contracts with customers	14	16
Reportable segments | Retirement & Protection Solutions | Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers	80	95
Reportable segments | Retirement & Protection Solutions | Mutual funds
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Retirement & Protection Solutions | Insurance and annuity
Revenue disaggregated by segment
Revenue from contracts with customers	80	95
Reportable segments | Retirement & Protection Solutions | Off-balance sheet brokerage cash
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Retirement & Protection Solutions | Other products
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Retirement & Protection Solutions | Other revenues
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Corporate & Other
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Revenue from other sources	130	116
Total revenues	130	116
Banking and deposit interest expense	(4)	0
Total net revenues	126	116
Reportable segments | Corporate & Other | Management and financial advice fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Corporate & Other | Asset Management: Retail
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Corporate & Other | Asset Management: Institutional
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Corporate & Other | Advisory fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Corporate & Other | Financial planning fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Corporate & Other | Transaction and other fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Corporate & Other | Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Corporate & Other | Mutual funds
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Corporate & Other | Insurance and annuity
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Corporate & Other | Off-balance sheet brokerage cash
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Corporate & Other | Other products
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments | Corporate & Other | Other revenues
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Intersegment eliminations
Revenue disaggregated by segment
Total net revenues	(316)	(352)
Intersegment eliminations | Advice & Wealth Management
Revenue disaggregated by segment
Total net revenues	(201)	(228)
Intersegment eliminations | Asset Management
Revenue disaggregated by segment
Total net revenues	(17)	(12)
Intersegment eliminations | Retirement & Protection Solutions
Revenue disaggregated by segment
Total net revenues	(102)	(112)
Intersegment eliminations | Corporate & Other
Revenue disaggregated by segment
Total net revenues	4	0
Segment reconciling items
Revenue disaggregated by segment
Total net revenues	44	34
Non-operating
Revenue disaggregated by segment
Revenue from other sources	47	37
Total revenues	47	37
Total net revenues	47	37
Total
Revenue disaggregated by segment
Revenue from other sources	1,338	899
Total revenues	4,168	3,982
Banking and deposit interest expense	(107)	(2)
Total net revenues	4,061	3,980
Eliminations
Revenue disaggregated by segment
Total net revenues	(319)	(355)
Total Segments after intersegment eliminations | Reportable segments
Revenue disaggregated by segment
Total net revenues	3,698	3,591
Non-operating | Segment reconciling items
Revenue disaggregated by segment
Total net revenues	41	17
Non-operating | Eliminations
Revenue disaggregated by segment
Total net revenues	$ (3)	$ (3)
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Revenue disaggregated by segment
Contract costs asset	$ 31	$ 33
Receivables for revenue from contracts with customers	500	537
Financial planning fees
Revenue disaggregated by segment
Contract liabilities	159	160
Capitalized contract costs	127	129
Custodial service fees
Revenue disaggregated by segment
Contract liabilities	$ 39	$ 0

Variable Interest Entities - In

Variable Interest Entities - Investment Entities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
VIEs, not primary beneficiary
Variable interest entities
Obligation to provide financial or other support to VIEs	$ 0
VIEs, not primary beneficiary | CLOs
Variable interest entities
Maximum loss exposure	1	$ 1
Amortized Cost	1	1
VIEs, not primary beneficiary | Property Funds
Variable interest entities
Maximum loss exposure	65	57
Other investments	65	57
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	31	25
Other investments	31	25
VIEs, not primary beneficiary | Affordable Housing Partnerships and Other Real Estate Partnerships
Variable interest entities
Maximum loss exposure	85	92
Other investments	85	92
Liability related to original purchase commitments not yet remitted	7	7
Consolidated investment entities | Unfunded commitments
Variable interest entities
Loans	$ 28	$ 30

Variable Interest Entities - Fa

Variable Interest Entities - Fair Value of Assets and Liabilities (Details) - Consolidated investment entities - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Liabilities
Debt	$ 2,367	$ 2,363
Recurring basis
Assets
Investments	2,294	2,354
Receivables	23	20
Other assets	1	2
Total assets at fair value	2,318	2,376
Liabilities
Debt	2,367	2,363
Other liabilities	86	119
Total liabilities at fair value	2,453	2,482
Recurring basis | Corporate debt securities
Assets
Investments	34	35
Recurring basis | Common stocks
Assets
Investments	4	3
Recurring basis | Syndicated loans
Assets
Investments	2,256	2,316
Recurring basis | Level 1
Assets
Investments	0	0
Receivables	0	0
Other assets	0	0
Total assets at fair value	0	0
Liabilities
Debt	0	0
Other liabilities	0	0
Total liabilities at fair value	0	0
Recurring basis | Level 1 | Corporate debt securities
Assets
Investments	0	0
Recurring basis | Level 1 | Common stocks
Assets
Investments	0	0
Recurring basis | Level 1 | Syndicated loans
Assets
Investments	0	0
Recurring basis | Level 2
Assets
Investments	2,244	2,229
Receivables	23	20
Other assets	1	1
Total assets at fair value	2,268	2,250
Liabilities
Debt	2,367	2,363
Other liabilities	86	119
Total liabilities at fair value	2,453	2,482
Recurring basis | Level 2 | Corporate debt securities
Assets
Investments	34	35
Recurring basis | Level 2 | Common stocks
Assets
Investments	4	3
Recurring basis | Level 2 | Syndicated loans
Assets
Investments	2,206	2,191
Recurring basis | Level 3
Assets
Investments	50	125
Receivables	0	0
Other assets	0	1
Total assets at fair value	50	126
Liabilities
Debt	0	0
Other liabilities	0	0
Total liabilities at fair value	0	0
Recurring basis | Level 3 | Corporate debt securities
Assets
Investments	0	0
Recurring basis | Level 3 | Common stocks
Assets
Investments	0	0
Recurring basis | Level 3 | Syndicated loans
Assets
Investments	50	125
CLOs
Liabilities
Debt	$ 2,400	$ 2,400

Variable Interest Entities - Ch

Variable Interest Entities - Changes in Level 3 Assets (Details) - Consolidated investment entities - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Syndicated loans
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	$ 125	$ 64
Total gains (losses) included in Net income	(1)	(1)
Purchases	17	15
Sales	(7)	(1)
Settlements	(15)
Transfers into Level 3	21	62
Transfers out of Level 3	(90)	(42)
Balance, ending	50	97
Changes in unrealized gains (losses) included in net income relating to assets held at end of period	0	(1)
Other assets
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	1	3
Total gains (losses) included in Net income	0	0
Purchases	0	0
Sales	0	0
Settlements	0
Transfers into Level 3	0	0
Transfers out of Level 3	(1)	(3)
Balance, ending	0	0
Changes in unrealized gains (losses) included in net income relating to assets held at end of period	$ 0	$ 0

Variable Interest Entities - _2

Variable Interest Entities - Fair Value Option (Details) - Consolidated investment entities - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Loans
Unpaid principal balance	$ 2,427	$ 2,525
Excess unpaid principal over fair value	(171)	(209)
Fair value	2,256	2,316
Fair value of loans more than 90 days past due	0	0
Fair value of loans in nonaccrual status	22	23
Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both	53	48
Debt
Unpaid principal balance	2,605	2,636
Excess unpaid principal over fair value	(238)	(273)
Carrying value	2,367	2,363
CLOs
Debt
Carrying value	$ 2,400	$ 2,400

Variable Interest Entities - De

Variable Interest Entities - Debt and Stated Interest Rates (Details) - Consolidated investment entities - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Debt
Carrying value	$ 2,367	$ 2,363	[1]
Weighted average interest rate	5.90%	5.30%
Minimum
Debt
Interest rates	0%
Maximum
Debt
Interest rates	14%
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Investments - Summary (Details)

Investments - Summary (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021
Summary of investments
Allowance for credit losses	$ 59	$ 59		$ 48	$ 50
Ameriprise Financial
Summary of investments
Available-for-Sale securities, at fair value	44,883	40,811
Mortgage loans (allowance for credit losses: 2023, $13; 2022, $12)	1,997	1,987
Policy loans	861	847
Other investments (allowance for credit losses: 2023, $6; 2022, $5)	867	879
Total	48,608	44,524	[1]
Ameriprise Financial | Mortgage loans
Summary of investments
Allowance for credit losses	13	12
Ameriprise Financial | Other investments
Summary of investments
Allowance for credit losses	$ 6	$ 5
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Investments - Summary of Net In

Investments - Summary of Net Investment Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Summary of Net investment income
Net investment income	$ 698	$ 261	[1]
Ameriprise Financial
Summary of Net investment income
Investment income on fixed maturities	571	214
Net realized gains (losses)	4	20
Affordable housing partnerships	(9)	(15)
Other	90	23
Consolidated investment entities
Summary of Net investment income
Net investment income	$ 42	$ 19
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Investments - Available-for-Sal

Investments - Available-for-Sale Securities by Type (Details) - Ameriprise Financial - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Investments
Amortized Cost	$ 46,896	$ 43,384
Gross Unrealized Gains	442	289
Gross Unrealized Losses	(2,430)	(2,840)
Allowance for Credit Losses	(25)	(22)	$ (1)	$ (1)
Fair Value	44,883	40,811
Accrued interest excluded from amortized cost basis	262	237
Assets pledged to meet contractual obligations
Investments
Fair Value	3,300	3,300
Assets pledged to meet contractual obligations, which may be sold, pledged or rehypothecated by the counterparty
Investments
Fair Value	175	302
Corporate debt securities
Investments
Amortized Cost	10,868	10,361
Gross Unrealized Gains	287	180
Gross Unrealized Losses	(622)	(823)
Allowance for Credit Losses	(23)	(20)	0	0
Fair Value	10,510	9,698
Residential mortgage backed securities
Investments
Amortized Cost	18,852	17,056
Gross Unrealized Gains	58	37
Gross Unrealized Losses	(1,247)	(1,390)
Allowance for Credit Losses	0	0
Fair Value	17,663	15,703
Commercial mortgage backed securities
Investments
Amortized Cost	6,859	6,648
Gross Unrealized Gains	12	3
Gross Unrealized Losses	(406)	(439)
Allowance for Credit Losses	0	0
Fair Value	6,465	6,212
Asset backed securities
Investments
Amortized Cost	7,366	6,408
Gross Unrealized Gains	11	14
Gross Unrealized Losses	(133)	(158)
Allowance for Credit Losses	0	0
Fair Value	7,244	6,264
State and municipal obligations
Investments
Amortized Cost	769	773
Gross Unrealized Gains	73	53
Gross Unrealized Losses	(20)	(27)
Allowance for Credit Losses	(2)	(2)	$ (1)	$ (1)
Fair Value	820	797
U.S. government and agencies obligations
Investments
Amortized Cost	2,135	2,079
Gross Unrealized Gains	1	1
Gross Unrealized Losses	0	(1)
Allowance for Credit Losses	0	0
Fair Value	2,136	2,079
Foreign government bonds and obligations
Investments
Amortized Cost	30	43
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(2)	(2)
Allowance for Credit Losses	0	0
Fair Value	28	41
Other securities
Investments
Amortized Cost	17	16
Gross Unrealized Gains	0	1
Gross Unrealized Losses	0	0
Allowance for Credit Losses	0	0
Fair Value	$ 17	$ 17

Investments - Summary of Fixed

Investments - Summary of Fixed Maturity Securities by Rating (Details) - Ameriprise Financial - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Investments
Fixed maturity securities rated internally	$ 422	$ 270
Amortized Cost	46,896	43,384
Fair Value	44,883	40,811
Holdings of single issuer greater than 10% of equity	0	0
AAA
Investments
Amortized Cost	33,517	30,900
Fair Value	31,827	28,980
AA
Investments
Amortized Cost	1,420	1,219
Fair Value	1,470	1,249
A
Investments
Amortized Cost	2,303	2,080
Fair Value	2,369	2,097
BBB
Investments
Amortized Cost	9,051	8,524
Fair Value	8,661	7,890
Below investment grade
Investments
Amortized Cost	605	661
Fair Value	556	595
CLOs | Below investment grade
Investments
Amortized Cost	1	1
Fair Value	$ 1	$ 1
Total investments | Credit concentration risk | Fixed maturity securities
Investments
Percentage of total	92%	92%
Fixed maturity securities | Credit concentration risk
Investments
Percentage of total	100%	100%
Fixed maturity securities | Credit concentration risk | AAA
Investments
Percentage of total	71%	71%
Fixed maturity securities | Credit concentration risk | AA
Investments
Percentage of total	3%	3%
Fixed maturity securities | Credit concentration risk | A
Investments
Percentage of total	5%	5%
Fixed maturity securities | Credit concentration risk | BBB
Investments
Percentage of total	20%	19%
Fixed maturity securities | Credit concentration risk | Below investment grade
Investments
Percentage of total	1%	2%
Fixed maturity securities | Credit concentration risk | GNMA, FNMA and FHLMC mortgage backed securities. | AAA
Investments
Percentage of total	30%	30%

Investments - Available-for Sal

Investments - Available-for Sale Securities in Continuous Unrealized Loss Position (Details) - Ameriprise Financial $ in Millions	Mar. 31, 2023 USD ($) security	Dec. 31, 2022 USD ($) security
Number of securities
Less than 12 months | security	843	1,512
12 months or more | security	1,113	512
Total | security	1,956	2,024
Fair Value
Less than 12 months	$ 14,514	$ 24,196
12 months or more	16,814	8,491
Total	31,328	32,687
Unrealized Losses
Less than 12 months	(386)	(1,360)
12 months or more	(2,044)	(1,480)
Total	$ (2,430)	$ (2,840)
Available -for-Sale Securities with gross unrealized losses considered investment grade (as a percent)	96%	95%
Corporate debt securities
Number of securities
Less than 12 months | security	270	457
12 months or more | security	244	108
Total | security	514	565
Fair Value
Less than 12 months	$ 3,759	$ 5,782
12 months or more	2,960	1,575
Total	6,719	7,357
Unrealized Losses
Less than 12 months	(155)	(458)
12 months or more	(467)	(365)
Total	$ (622)	$ (823)
Residential mortgage backed securities
Number of securities
Less than 12 months | security	350	589
12 months or more | security	486	244
Total | security	836	833
Fair Value
Less than 12 months	$ 6,373	$ 9,407
12 months or more	7,418	4,076
Total	13,791	13,483
Unrealized Losses
Less than 12 months	(167)	(577)
12 months or more	(1,080)	(813)
Total	$ (1,247)	$ (1,390)
Commercial mortgage backed securities
Number of securities
Less than 12 months | security	98	249
12 months or more | security	243	101
Total | security	341	350
Fair Value
Less than 12 months	$ 1,936	$ 3,857
12 months or more	3,571	1,802
Total	5,507	5,659
Unrealized Losses
Less than 12 months	(37)	(220)
12 months or more	(369)	(219)
Total	$ (406)	$ (439)
Asset backed securities
Number of securities
Less than 12 months | security	101	145
12 months or more | security	87	31
Total | security	188	176
Fair Value
Less than 12 months	$ 2,357	$ 4,413
12 months or more	2,745	977
Total	5,102	5,390
Unrealized Losses
Less than 12 months	(21)	(86)
12 months or more	(112)	(72)
Total	$ (133)	$ (158)
State and municipal obligations
Number of securities
Less than 12 months | security	17	48
12 months or more | security	51	27
Total | security	68	75
Fair Value
Less than 12 months	$ 72	$ 134
12 months or more	110	60
Total	182	194
Unrealized Losses
Less than 12 months	(5)	(16)
12 months or more	(15)	(11)
Total	$ (20)	$ (27)
U.S. government and agencies obligations
Number of securities
Less than 12 months | security		13
12 months or more | security		0
Total | security		13
Fair Value
Less than 12 months		$ 566
12 months or more		0
Total		566
Unrealized Losses
Less than 12 months		(1)
12 months or more		0
Total		$ (1)
Foreign government bonds and obligations
Number of securities
Less than 12 months | security	7	11
12 months or more | security	2	1
Total | security	9	12
Fair Value
Less than 12 months	$ 17	$ 37
12 months or more	10	1
Total	27	38
Unrealized Losses
Less than 12 months	(1)	(2)
12 months or more	(1)	0
Total	$ (2)	$ (2)

Investments - Rollforward of Al

Investments - Rollforward of Allowance for Credit Losses (Details) - Ameriprise Financial - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Rollforward of available-for-Sale securities allowance for credit losses
Beginning Balance	$ 22	$ 1
Additional increases (decreases) on securities that had an allowance recorded in a previous period	3
Charge-offs	0	0
Ending Balance	25	1
Corporate debt securities
Rollforward of available-for-Sale securities allowance for credit losses
Beginning Balance	20	0
Additional increases (decreases) on securities that had an allowance recorded in a previous period	3
Charge-offs	0	0
Ending Balance	23	0
Asset backed securities
Rollforward of available-for-Sale securities allowance for credit losses
Beginning Balance	0
Ending Balance	0
State and municipal obligations
Rollforward of available-for-Sale securities allowance for credit losses
Beginning Balance	2	1
Additional increases (decreases) on securities that had an allowance recorded in a previous period	0
Charge-offs	0	0
Ending Balance	$ 2	$ 1

Investments - Net Realized Gain

Investments - Net Realized Gains and Losses on Available-for-Sale Securities (Details) - Ameriprise Financial - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Investments
Gross realized investment gains	$ 10	$ 20
Gross realized investment losses	(2)	0
Credit losses	(3)	0
Other impairments	(2)	0
Total	$ 3	$ 20

Investments - Available-for-S_2

Investments - Available-for-Sale Securities by Contractual Maturity (Details) - Ameriprise Financial - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Amortized cost
Due within one year	$ 2,864
Due after one year through five years	2,591
Due after five years through 10 years	3,692
Due after 10 years	4,672
Total having single maturity dates	13,819
Amortized Cost	46,896	$ 43,384
Fair value
Due within one year	2,859
Due after one year through five years	2,533
Due after five years through 10 years	3,308
Due after 10 years	4,811
Total having single maturity dates	13,511
Fair Value	44,883	40,811
Residential mortgage backed securities
Amortized cost
Without single maturity dates	18,852
Amortized Cost	18,852	17,056
Fair value
Without single maturity dates	17,663
Fair Value	17,663	15,703
Commercial mortgage backed securities
Amortized cost
Without single maturity dates	6,859
Amortized Cost	6,859	6,648
Fair value
Without single maturity dates	6,465
Fair Value	6,465	6,212
Asset backed securities
Amortized cost
Without single maturity dates	7,366
Amortized Cost	7,366	6,408
Fair value
Without single maturity dates	7,244
Fair Value	$ 7,244	$ 6,264

Financing Receivables - Allowan

Financing Receivables - Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Rollforward of allowance for credit losses
Beginning balance	$ 59	$ 50
Provisions	1	(2)
Charge-offs	(1)
Ending balance	59	48
Commercial Loans
Rollforward of allowance for credit losses
Beginning balance	54	47
Provisions	(1)	(2)
Charge-offs	(1)
Ending balance	52	45
Commercial Loans | Receivables
Financing receivables
Accrued interest on loans	17		$ 17
Consumer Loans
Rollforward of allowance for credit losses
Beginning balance	5	3
Provisions	2	0
Charge-offs	0
Ending balance	$ 7	$ 3

Financing Receivables - Purchas

Financing Receivables - Purchases, Sales and Nonperforming (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Financing Receivables
Allowance for credit losses	$ 59	$ 48	$ 59	$ 50
Nonperforming
Financing Receivables
Loans	12		11
Deteriorated credit quality
Financing Receivables
Loans purchased	0
Commercial Loans
Financing Receivables
Allowance for credit losses	52	45	54	47
Commercial Loans | Syndicated loans
Financing Receivables
Loans sold	1	0
Loans purchased	1	0
Loans	165		175
Consumer Loans
Financing Receivables
Allowance for credit losses	7	3	5	$ 3
Consumer Loans | Residential mortgage loans
Financing Receivables
Loans sold	0	0
Loans purchased	43	$ 1
Allowance for credit losses	$ 0		$ 0

Financing Receivables - General

Financing Receivables - General Credit Quality Information - Commercial Mortgage Loans (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Commercial Loans | Commercial mortgage loans
Financing Receivables
Loans	$ 1,861	$ 1,882
Commercial Loans | Commercial mortgage loans | Past due
Financing Receivables
Loans	$ 0	$ 0
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans
Financing Receivables
Percentage of total	100%	100%
Total commercial mortgage loans | Credit concentration risk | Highest credit risk rating | Maximum
Financing Receivables
Percentage of total	1%	1%

Financing Receivables - Credit

Financing Receivables - Credit Quality - Commercial Mortgage Loans by LTV Ratio and Year of Origination (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Amortized cost basis by year of origination and loan-to-value ratio
Loan write-offs	$ 1
Commercial Loans
Amortized cost basis by year of origination and loan-to-value ratio
Loan write-offs	1
Commercial Loans | Commercial mortgage loans
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	15	$ 112
Year 2	111	197
Year 3	195	120
Year 4	112	210
Year 5	209	162
Prior	1,219	1,081
Total amortized cost basis	1,861	1,882
Loan write-offs	0
Commercial Loans | Commercial mortgage loans | Greater than 100 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	0	0
Year 2	0	0
Year 3	0	2
Year 4	2	2
Year 5	2	3
Prior	41	39
Total amortized cost basis	45	46
Commercial Loans | Commercial mortgage loans | 80 to 100 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	0	7
Year 2	7	9
Year 3	6	2
Year 4	2	20
Year 5	19	8
Prior	38	29
Total amortized cost basis	72	75
Commercial Loans | Commercial mortgage loans | 60 to 80 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	12	39
Year 2	38	87
Year 3	61	17
Year 4	17	52
Year 5	41	9
Prior	101	107
Total amortized cost basis	270	311
Commercial Loans | Commercial mortgage loans | 40 to 60 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	3	48
Year 2	33	89
Year 3	101	69
Year 4	56	90
Year 5	89	57
Prior	464	435
Total amortized cost basis	746	788
Commercial Loans | Commercial mortgage loans | Less than 40 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	0	18
Year 2	33	12
Year 3	27	30
Year 4	35	46
Year 5	58	85
Prior	575	471
Total amortized cost basis	$ 728	$ 662

Financing Receivables - Credi_2

Financing Receivables - Credit Quality - Commercial Mortgage Loans by Region (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Financing receivables - credit quality information
Less: allowance for loan losses	$ 59	$ 59	$ 48	$ 50
Commercial Loans
Financing receivables - credit quality information
Less: allowance for loan losses	52	54	45	47
Commercial Loans | Commercial mortgage loans
Financing receivables - credit quality information
Loans	1,861	1,882
Less: allowance for loan losses	11	11
Total loans	1,850	1,871
Year 1	15	112
Year 2	111	197
Year 3	195	120
Year 4	112	210
Year 5	209	162
Prior	1,219	1,081
Commercial Loans | Commercial mortgage loans | Apartments
Financing receivables - credit quality information
Loans	489	495
Commercial Loans | Commercial mortgage loans | Hotel
Financing receivables - credit quality information
Loans	14	14
Commercial Loans | Commercial mortgage loans | Industrial
Financing receivables - credit quality information
Loans	310	321
Commercial Loans | Commercial mortgage loans | Mixed use
Financing receivables - credit quality information
Loans	68	66
Commercial Loans | Commercial mortgage loans | Office
Financing receivables - credit quality information
Loans	256	259
Commercial Loans | Commercial mortgage loans | Retail
Financing receivables - credit quality information
Loans	581	594
Commercial Loans | Commercial mortgage loans | Other
Financing receivables - credit quality information
Loans	143	133
Commercial Loans | Commercial mortgage loans | Greater than 100 Percent
Financing receivables - credit quality information
Loans	45	46
Year 1	0	0
Year 2	0	0
Year 3	0	2
Year 4	2	2
Year 5	2	3
Prior	41	39
Commercial Loans | Commercial mortgage loans | 80 to 100 Percent
Financing receivables - credit quality information
Loans	72	75
Year 1	0	7
Year 2	7	9
Year 3	6	2
Year 4	2	20
Year 5	19	8
Prior	38	29
Commercial Loans | Commercial mortgage loans | 60 to 80 Percent
Financing receivables - credit quality information
Loans	270	311
Year 1	12	39
Year 2	38	87
Year 3	61	17
Year 4	17	52
Year 5	41	9
Prior	101	107
Commercial Loans | Commercial mortgage loans | 40 to 60 Percent
Financing receivables - credit quality information
Loans	746	788
Year 1	3	48
Year 2	33	89
Year 3	101	69
Year 4	56	90
Year 5	89	57
Prior	464	435
Commercial Loans | Commercial mortgage loans | Less than 40 Percent
Financing receivables - credit quality information
Loans	728	662
Year 1	0	18
Year 2	33	12
Year 3	27	30
Year 4	35	46
Year 5	58	85
Prior	575	471
Commercial Loans | Commercial mortgage loans | East North Central
Financing receivables - credit quality information
Loans	199	201
Commercial Loans | Commercial mortgage loans | East South Central
Financing receivables - credit quality information
Loans	53	54
Commercial Loans | Commercial mortgage loans | Middle Atlantic
Financing receivables - credit quality information
Loans	114	114
Commercial Loans | Commercial mortgage loans | Mountain
Financing receivables - credit quality information
Loans	135	129
Commercial Loans | Commercial mortgage loans | New England
Financing receivables - credit quality information
Loans	23	23
Commercial Loans | Commercial mortgage loans | Pacific
Financing receivables - credit quality information
Loans	633	638
Commercial Loans | Commercial mortgage loans | South Atlantic
Financing receivables - credit quality information
Loans	465	479
Commercial Loans | Commercial mortgage loans | West North Central
Financing receivables - credit quality information
Loans	118	120
Commercial Loans | Commercial mortgage loans | West South Central
Financing receivables - credit quality information
Loans	121	124
Commercial Loans | Syndicated loans
Financing receivables - credit quality information
Loans	165	175
Year 1	1	15
Year 2	14	39
Year 3	38	12
Year 4	12	26
Year 5	25	23
Prior	75	60
Commercial Loans | Syndicated loans | Risk 5
Financing receivables - credit quality information
Loans	3	1
Year 1	0	1
Year 2	1	0
Year 3	0	0
Year 4	0	0
Year 5	0	0
Prior	2	0
Commercial Loans | Syndicated loans | Risk 4
Financing receivables - credit quality information
Loans	3	4
Year 1	0	0
Year 2	0	0
Year 3	0	0
Year 4	1	2
Year 5	2	0
Prior	0	2
Commercial Loans | Syndicated loans | Risk 3
Financing receivables - credit quality information
Loans	24	29
Year 1	0	0
Year 2	0	9
Year 3	8	1
Year 4	1	6
Year 5	3	5
Prior	12	8
Commercial Loans | Syndicated loans | Risk 2
Financing receivables - credit quality information
Loans	74	81
Year 1	0	8
Year 2	9	21
Year 3	21	7
Year 4	6	12
Year 5	11	5
Prior	27	28
Commercial Loans | Syndicated loans | Risk 1
Financing receivables - credit quality information
Loans	61	60
Year 1	1	6
Year 2	4	9
Year 3	9	4
Year 4	4	6
Year 5	9	13
Prior	34	22
Commercial Loans | Loans to financial advisors
Financing receivables - credit quality information
Loans	1,070	1,013
Year 1	108	359
Year 2	346	179
Year 3	171	134
Year 4	128	101
Year 5	98	77
Prior	219	163
Commercial Loans | Loans to financial advisors | Active
Financing receivables - credit quality information
Loans	1,059	1,003
Year 1	108	359
Year 2	346	178
Year 3	170	133
Year 4	127	99
Year 5	95	76
Prior	213	158
Commercial Loans | Loans to financial advisors | Terminated
Financing receivables - credit quality information
Loans	11	10
Less: allowance for loan losses	7	6
Year 1	0	0
Year 2	0	1
Year 3	1	1
Year 4	1	2
Year 5	3	1
Prior	6	5
Consumer Loans
Financing receivables - credit quality information
Less: allowance for loan losses	7	5	$ 3	$ 3
Consumer Loans | Credit card receivables
Financing receivables - credit quality information
Loans	104	110
Consumer Loans | Credit card receivables | FICO Score, Greater than 800
Financing receivables - credit quality information
Loans	28	32
Consumer Loans | Credit card receivables | FICO Score, 750-799
Financing receivables - credit quality information
Loans	26	27
Consumer Loans | Credit card receivables | FICO Score, 700-749
Financing receivables - credit quality information
Loans	27	28
Consumer Loans | Credit card receivables | FICO Score. 650 to 699
Financing receivables - credit quality information
Loans	17	17
Consumer Loans | Credit card receivables | FICO Score, Less than 650
Financing receivables - credit quality information
Loans	$ 6	$ 6
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans
Financing receivables - credit quality information
Percentage of total	100%	100%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Apartments
Financing receivables - credit quality information
Percentage of total	26%	26%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Hotel
Financing receivables - credit quality information
Percentage of total	1%	1%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Industrial
Financing receivables - credit quality information
Percentage of total	17%	17%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Mixed use
Financing receivables - credit quality information
Percentage of total	3%	4%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Office
Financing receivables - credit quality information
Percentage of total	14%	14%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Retail
Financing receivables - credit quality information
Percentage of total	31%	31%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Other
Financing receivables - credit quality information
Percentage of total	8%	7%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | East North Central
Financing receivables - credit quality information
Percentage of total	11%	11%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | East South Central
Financing receivables - credit quality information
Percentage of total	3%	3%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Middle Atlantic
Financing receivables - credit quality information
Percentage of total	6%	6%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Mountain
Financing receivables - credit quality information
Percentage of total	7%	7%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | New England
Financing receivables - credit quality information
Percentage of total	1%	1%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Pacific
Financing receivables - credit quality information
Percentage of total	34%	34%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | South Atlantic
Financing receivables - credit quality information
Percentage of total	25%	25%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | West North Central
Financing receivables - credit quality information
Percentage of total	6%	6%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | West South Central
Financing receivables - credit quality information
Percentage of total	7%	7%

Financing Receivables - Credi_3

Financing Receivables - Credit Quality - Commercial Mortgage Loans by Property Type (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Concentrations of credit risk by property type
Less: allowance for loan losses	$ 59	$ 59	$ 48	$ 50
Commercial Loans
Concentrations of credit risk by property type
Less: allowance for loan losses	52	54	$ 45	$ 47
Commercial Loans | Commercial mortgage loans
Concentrations of credit risk by property type
Loans	1,861	1,882
Less: allowance for loan losses	11	11
Total loans	1,850	1,871
Commercial Loans | Commercial mortgage loans | Apartments
Concentrations of credit risk by property type
Loans	489	495
Commercial Loans | Commercial mortgage loans | Hotel
Concentrations of credit risk by property type
Loans	14	14
Commercial Loans | Commercial mortgage loans | Industrial
Concentrations of credit risk by property type
Loans	310	321
Commercial Loans | Commercial mortgage loans | Mixed use
Concentrations of credit risk by property type
Loans	68	66
Commercial Loans | Commercial mortgage loans | Office
Concentrations of credit risk by property type
Loans	256	259
Commercial Loans | Commercial mortgage loans | Retail
Concentrations of credit risk by property type
Loans	581	594
Commercial Loans | Commercial mortgage loans | Other
Concentrations of credit risk by property type
Loans	$ 143	$ 133
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans
Concentrations of credit risk by property type
Percentage of total	100%	100%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Apartments
Concentrations of credit risk by property type
Percentage of total	26%	26%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Hotel
Concentrations of credit risk by property type
Percentage of total	1%	1%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Industrial
Concentrations of credit risk by property type
Percentage of total	17%	17%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Mixed use
Concentrations of credit risk by property type
Percentage of total	3%	4%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Office
Concentrations of credit risk by property type
Percentage of total	14%	14%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Retail
Concentrations of credit risk by property type
Percentage of total	31%	31%
Total commercial mortgage loans | Credit concentration risk | Commercial Loans | Commercial mortgage loans | Other
Concentrations of credit risk by property type
Percentage of total	8%	7%

Financing Receivables - Credi_4

Financing Receivables - Credit Quality Information - Syndicated Loans (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Financing receivables - credit quality information
Loan write-offs	$ 1
Commercial Loans
Financing receivables - credit quality information
Loan write-offs	1
Commercial Loans | Syndicated loans
Financing receivables - credit quality information
Loan write-offs	0
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	1	$ 15
Year 2	14	39
Year 3	38	12
Year 4	12	26
Year 5	25	23
Prior	75	60
Total amortized cost basis	165	175
Commercial Loans | Syndicated loans | Risk 5
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	0	1
Year 2	1	0
Year 3	0	0
Year 4	0	0
Year 5	0	0
Prior	2	0
Total amortized cost basis	3	1
Commercial Loans | Syndicated loans | Risk 4
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	0	0
Year 2	0	0
Year 3	0	0
Year 4	1	2
Year 5	2	0
Prior	0	2
Total amortized cost basis	3	4
Commercial Loans | Syndicated loans | Risk 3
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	0	0
Year 2	0	9
Year 3	8	1
Year 4	1	6
Year 5	3	5
Prior	12	8
Total amortized cost basis	24	29
Commercial Loans | Syndicated loans | Risk 2
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	0	8
Year 2	9	21
Year 3	21	7
Year 4	6	12
Year 5	11	5
Prior	27	28
Total amortized cost basis	74	81
Commercial Loans | Syndicated loans | Risk 1
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	1	6
Year 2	4	9
Year 3	9	4
Year 4	4	6
Year 5	9	13
Prior	34	22
Total amortized cost basis	61	60
Commercial Loans | Syndicated loans | Past due
Amortized cost basis by year of origination and loan-to-value ratio
Total amortized cost basis	$ 0	$ 0

Financing Receivables - Credi_5

Financing Receivables - Credit Quality Information - Financial Advisor Loans (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Financing receivables - credit quality information
Allowance for credit losses	$ 59	$ 59	$ 48	$ 50
Loan write-offs	1
Commercial Loans
Financing receivables - credit quality information
Allowance for credit losses	52	54	$ 45	$ 47
Loan write-offs	1
Commercial Loans | Loans to financial advisors
Financing receivables - credit quality information
Loan write-offs	0
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	108	359
Year 2	346	179
Year 3	171	134
Year 4	128	101
Year 5	98	77
Prior	219	163
Total amortized cost basis	1,070	1,013
Commercial Loans | Loans to financial advisors | Active
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	108	359
Year 2	346	178
Year 3	170	133
Year 4	127	99
Year 5	95	76
Prior	213	158
Total amortized cost basis	1,059	1,003
Commercial Loans | Loans to financial advisors | Terminated
Financing receivables - credit quality information
Allowance for credit losses	7	6
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	0	0
Year 2	0	1
Year 3	1	1
Year 4	1	2
Year 5	3	1
Prior	6	5
Total amortized cost basis	$ 11	$ 10

Financing Receivables - Credi_6

Financing Receivables - Credit Quality Information - Credit Card Receivables (Details) - Consumer Loans - Credit card receivables - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Financing receivables - credit quality information
Percentage of receivables past due	1%	1%
Loans	$ 104	$ 110
FICO Score, Greater than 800
Financing receivables - credit quality information
Loans	28	32
FICO Score, 750-799
Financing receivables - credit quality information
Loans	26	27
FICO Score, 700-749
Financing receivables - credit quality information
Loans	27	28
FICO Score. 650 to 699
Financing receivables - credit quality information
Loans	17	17
FICO Score, Less than 650
Financing receivables - credit quality information
Loans	$ 6	$ 6

Financing Receivables - Credi_7

Financing Receivables - Credit Quality Information - Other Loans and Deposit Receivable (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Financing Receivables
Allowance for credit losses	$ 59	$ 59	$ 48	$ 50
Receivable
Reinsurance deposit receivable	7,100	7,400
Consumer Loans
Financing Receivables
Allowance for credit losses	7	5	$ 3	$ 3
Consumer Loans | Policy Loans
Financing Receivables
Allowance for credit losses	0	0
Consumer Loans | Margin Loans
Financing Receivables
Allowance for credit losses	0	0
Loans	1,100	1,200
Consumer Loans | Pledged Asset Line of Credit
Financing Receivables
Allowance for credit losses	0	0
Lines of credit balance	$ 546	$ 589

Financing Receivables - Loan Mo

Financing Receivables - Loan Modifications (Details)	3 Months Ended
	Mar. 31, 2023 loan
Troubled Debt Restructurings
Modifications of financing receivables	0

Deferred Acquisition Costs an_3

Deferred Acquisition Costs and Deferred Sales Inducement Costs - Deferred Acquisition Costs (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Balances of and changes in DAC
Beginning balance	$ 2,775	$ 2,839		$ 2,831
Capitalization of acquisition costs	38	178		255
Amortization	(61)	(242)		(247)
Ending balance	2,752	2,775		2,839
Other broker dealer acquisition costs	2	2		5
Balance including asset management acquisition costs	2,754	2,777	[1]	2,844
Variable Annuities
Balances of and changes in DAC
Beginning balance	1,598	1,696		1,732
Capitalization of acquisition costs	6	38		111
Amortization	(33)	(136)		(147)
Ending balance	1,571	1,598		1,696
Structured Variable Annuities
Balances of and changes in DAC
Beginning balance	149	91		26
Capitalization of acquisition costs	18	73		71
Amortization	(5)	(15)		(6)
Ending balance	162	149		91
Fixed Annuities
Balances of and changes in DAC
Beginning balance	45	53		61
Capitalization of acquisition costs	0	0		0
Amortization	(3)	(8)		(8)
Ending balance	42	45		53
Fixed Indexed Annuities
Balances of and changes in DAC
Beginning balance	6	7		8
Capitalization of acquisition costs	0	0		0
Amortization	0	(1)		(1)
Ending balance	6	6		7
Universal Life Insurance
Balances of and changes in DAC
Beginning balance	118	125		131
Capitalization of acquisition costs	0	1		3
Amortization	(2)	(8)		(9)
Ending balance	116	118		125
Variable Universal Life Insurance
Balances of and changes in DAC
Beginning balance	521	512		505
Capitalization of acquisition costs	11	55		54
Amortization	(12)	(46)		(47)
Ending balance	520	521		512
Indexed Universal Life Insurance
Balances of and changes in DAC
Beginning balance	236	248		257
Capitalization of acquisition costs	1	5		9
Amortization	(4)	(17)		(18)
Ending balance	233	236		248
Other Life Insurance
Balances of and changes in DAC
Beginning balance	3	3		3
Capitalization of acquisition costs	0	0		0
Amortization	0	0		0
Ending balance	3	3		3
Life Contingent Payout Annuities
Balances of and changes in DAC
Beginning balance	2	1		0
Capitalization of acquisition costs	1	1		1
Amortization	0	0		0
Ending balance	3	2		1
Term and Whole Life Insurance
Balances of and changes in DAC
Beginning balance	18	19		19
Capitalization of acquisition costs	0	1		2
Amortization	0	(2)		(2)
Ending balance	18	18		19
Disability Insurance
Balances of and changes in DAC
Beginning balance	79	84		89
Capitalization of acquisition costs	1	4		4
Amortization	(2)	(9)		(9)
Ending balance	$ 78	79		84
Previously Reported
Balances of and changes in DAC
Beginning balance				2,527
Balance including asset management acquisition costs		3,160		2,782
Previously Reported | Variable Annuities
Balances of and changes in DAC
Beginning balance				1,690
Previously Reported | Structured Variable Annuities
Balances of and changes in DAC
Beginning balance				22
Previously Reported | Fixed Annuities
Balances of and changes in DAC
Beginning balance				43
Previously Reported | Fixed Indexed Annuities
Balances of and changes in DAC
Beginning balance				7
Previously Reported | Universal Life Insurance
Balances of and changes in DAC
Beginning balance				100
Previously Reported | Variable Universal Life Insurance
Balances of and changes in DAC
Beginning balance				452
Previously Reported | Indexed Universal Life Insurance
Balances of and changes in DAC
Beginning balance				108
Previously Reported | Other Life Insurance
Balances of and changes in DAC
Beginning balance				(3)
Previously Reported | Life Contingent Payout Annuities
Balances of and changes in DAC
Beginning balance				0
Previously Reported | Term and Whole Life Insurance
Balances of and changes in DAC
Beginning balance				19
Previously Reported | Disability Insurance
Balances of and changes in DAC
Beginning balance				89
Adjustment
Balances of and changes in DAC
Beginning balance				304
Balance including asset management acquisition costs		$ (383)		62
Adjustment | Variable Annuities
Balances of and changes in DAC
Beginning balance				42
Adjustment | Structured Variable Annuities
Balances of and changes in DAC
Beginning balance				4
Adjustment | Fixed Annuities
Balances of and changes in DAC
Beginning balance				18
Adjustment | Fixed Indexed Annuities
Balances of and changes in DAC
Beginning balance				1
Adjustment | Universal Life Insurance
Balances of and changes in DAC
Beginning balance				31
Adjustment | Variable Universal Life Insurance
Balances of and changes in DAC
Beginning balance				53
Adjustment | Indexed Universal Life Insurance
Balances of and changes in DAC
Beginning balance				149
Adjustment | Other Life Insurance
Balances of and changes in DAC
Beginning balance				6
Adjustment | Life Contingent Payout Annuities
Balances of and changes in DAC
Beginning balance				0
Adjustment | Term and Whole Life Insurance
Balances of and changes in DAC
Beginning balance				0
Adjustment | Disability Insurance
Balances of and changes in DAC
Beginning balance				$ 0
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Deferred Acquisition Costs an_4

Deferred Acquisition Costs and Deferred Sales Inducement Costs - Deferred Sales Inducement Costs (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Balances of and changes in DSIC
Beginning balance	$ 167	$ 185	$ 205
Capitalization of sales inducement costs		1	1
Amortization	(5)	(19)	(21)
Ending balance	162	167	185
Variable Annuities
Balances of and changes in DSIC
Beginning balance	151	166	183
Capitalization of sales inducement costs		1	1
Amortization	(4)	(16)	(18)
Ending balance	147	151	166
Fixed Annuities
Balances of and changes in DSIC
Beginning balance	16	19	22
Capitalization of sales inducement costs		0	0
Amortization	(1)	(3)	(3)
Ending balance	$ 15	$ 16	19
Previously Reported
Balances of and changes in DSIC
Beginning balance			189
Previously Reported | Variable Annuities
Balances of and changes in DSIC
Beginning balance			175
Previously Reported | Fixed Annuities
Balances of and changes in DSIC
Beginning balance			14
Adjustment
Balances of and changes in DSIC
Beginning balance			16
Adjustment | Variable Annuities
Balances of and changes in DSIC
Beginning balance			8
Adjustment | Fixed Annuities
Balances of and changes in DSIC
Beginning balance			$ 8

Policyholder Account Balances_3

Policyholder Account Balances, Future Policy Benefits and Claims - Composition (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Policyholder account balances
Policyholder account balances	$ 25,545	$ 24,986	$ 23,723
Future policy benefits
Reserve for future policy benefits	7,687	7,495	$ 9,721
Deferred profit liability	64	62
Additional liabilities for insurance guarantees	1,224	1,186
Other insurance and annuity liabilities	181	177
Total future policy benefits	9,156	8,920		$ 10,386
Policy claims and other policyholders’ funds	231	226
Total policyholder account balances, future policy benefits and claims	$ 34,932	$ 34,132

Policyholder Account Balances_4

Policyholder Account Balances, Future Policy Benefits and Claims - Balance of and Changes in Policyholder Account Balances (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Policyholder Account Balance [Roll Forward]
Beginning balance	$ 24,986	$ 23,723
Contract deposits	841	3,620
Policy charges	(100)	(393)
Surrenders and other benefits	(621)	(1,619)
Net transfer from (to) separate account liabilities	(19)	(162)
Other variable account adjustments	333	(791)
Interest credited	125	608
Ending balance	25,545	24,986
Variable Annuities
Policyholder Account Balance [Roll Forward]
Beginning balance	4,752	4,972
Contract deposits	17	146
Policy charges	(2)	(8)
Surrenders and other benefits	(185)	(450)
Net transfer from (to) separate account liabilities	(5)	(60)
Other variable account adjustments	0	0
Interest credited	37	152
Ending balance	$ 4,614	$ 4,752
Weighted-average crediting rate	3.20%	3.20%
Cash surrender value	$ 4,584	$ 4,720
Structured Variable Annuities
Policyholder Account Balance [Roll Forward]
Beginning balance	6,410	4,458
Contract deposits	656	2,784
Policy charges	0	0
Surrenders and other benefits	(18)	(41)
Net transfer from (to) separate account liabilities	0	0
Other variable account adjustments	333	(791)
Interest credited	0	0
Ending balance	$ 7,381	$ 6,410
Weighted-average crediting rate	1.30%	1.10%
Cash surrender value	$ 6,911	$ 5,986
Fixed Annuities
Policyholder Account Balance [Roll Forward]
Beginning balance	6,799	7,251
Contract deposits	13	55
Policy charges	0	0
Surrenders and other benefits	(320)	(744)
Net transfer from (to) separate account liabilities	0	0
Other variable account adjustments	0	0
Interest credited	57	237
Ending balance	$ 6,549	$ 6,799
Weighted-average crediting rate	3.50%	3.50%
Cash surrender value	$ 6,538	$ 6,786
Fixed Indexed Annuities
Policyholder Account Balance [Roll Forward]
Beginning balance	312	323
Contract deposits	0	0
Policy charges	0	0
Surrenders and other benefits	(2)	(17)
Net transfer from (to) separate account liabilities	0	0
Other variable account adjustments	0	0
Interest credited	0	6
Ending balance	$ 310	$ 312
Weighted-average crediting rate	1.90%	1.90%
Cash surrender value	$ 278	$ 277
Non-Life Contingent Payout Annuities
Policyholder Account Balance [Roll Forward]
Beginning balance	471	527
Contract deposits	22	53
Policy charges	0	0
Surrenders and other benefits	(32)	(124)
Net transfer from (to) separate account liabilities	0	0
Other variable account adjustments	0	0
Interest credited	(1)	15
Ending balance	460	471
Universal Life Insurance
Policyholder Account Balance [Roll Forward]
Beginning balance	1,544	1,602
Contract deposits	31	134
Policy charges	(44)	(178)
Surrenders and other benefits	(17)	(67)
Net transfer from (to) separate account liabilities	0	0
Other variable account adjustments	0	0
Interest credited	13	53
Ending balance	$ 1,527	$ 1,544
Weighted-average crediting rate	3.50%	3.60%
Net amount at risk	$ 9,080	$ 9,187
Cash surrender value	1,369	1,382
Variable Universal Life Insurance
Policyholder Account Balance [Roll Forward]
Beginning balance	1,520	1,493
Contract deposits	54	233
Policy charges	(24)	(91)
Surrenders and other benefits	(23)	(70)
Net transfer from (to) separate account liabilities	(14)	(102)
Other variable account adjustments	0	0
Interest credited	12	57
Ending balance	$ 1,525	$ 1,520
Weighted-average crediting rate	3.90%	3.90%
Net amount at risk	$ 57,134	$ 57,354
Cash surrender value	1,053	1,054
Indexed Universal Life Insurance
Policyholder Account Balance [Roll Forward]
Beginning balance	2,654	2,534
Contract deposits	49	218
Policy charges	(30)	(116)
Surrenders and other benefits	(13)	(50)
Net transfer from (to) separate account liabilities	0	0
Other variable account adjustments	0	0
Interest credited	2	68
Ending balance	$ 2,662	$ 2,654
Weighted-average crediting rate	2%	2%
Net amount at risk	$ 14,874	$ 15,043
Cash surrender value	2,162	2,148
Other Life Insurance
Policyholder Account Balance [Roll Forward]
Beginning balance	524	563
Contract deposits	(1)	(3)
Policy charges	0	0
Surrenders and other benefits	(11)	(56)
Net transfer from (to) separate account liabilities	0	0
Other variable account adjustments	0	0
Interest credited	5	20
Ending balance	$ 517	$ 524
Weighted-average crediting rate	4%	4%
Net amount at risk	$ 147	$ 149
Cash surrender value	$ 342	$ 348

Policyholder Account Balances_5

Policyholder Account Balances, Future Policy Benefits and Claims - Account Balances by Guaranteed Minimum Interest Rates (Details) $ in Millions	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 25,545	$ 24,986	$ 23,723
Percentage of total account values that reset in:
Next 12 months	99.70%	99.60%
Greater than 12 months to 24 months	0.20%	0.30%
Greater than 24 months	0.10%	0.10%
Total	100%	100%
At Guaranteed Minimum
Percentage of total account values that reset in:
Next 12 months	99.90%	99.80%
Greater than 12 months to 24 months	0%	0.10%
Greater than 24 months	0.10%	0.10%
Total	100%	100%
1-49 bps above Guaranteed Minimum
Percentage of total account values that reset in:
Next 12 months	96.60%	96.30%
Greater than 12 months to 24 months	3.20%	3%
Greater than 24 months	0.20%	0.70%
Total	100%	100%
1-49 bps above Guaranteed Minimum | Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	0.0001	0.0001
1-49 bps above Guaranteed Minimum | Maximum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	0.0049	0.0049
50-99 bps above Guaranteed Minimum
Percentage of total account values that reset in:
Next 12 months	97.50%	93.80%
Greater than 12 months to 24 months	2.40%	5.80%
Greater than 24 months	0.10%	0.40%
Total	100%	100%
50-99 bps above Guaranteed Minimum | Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	0.0050	0.0050
50-99 bps above Guaranteed Minimum | Maximum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	0.0099	0.0099
100-150 bps above Guaranteed Minimum
Percentage of total account values that reset in:
Next 12 months	100%	100%
Greater than 12 months to 24 months	0%	0%
Greater than 24 months	0%	0%
Total	100%	100%
100-150 bps above Guaranteed Minimum | Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	0.0100	0.0100
100-150 bps above Guaranteed Minimum | Maximum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	0.0150	0.0150
Greater than 150 bps above Guaranteed Minimum
Percentage of total account values that reset in:
Next 12 months	100%	100%
Greater than 12 months to 24 months	0%	0%
Greater than 24 months	0%	0%
Total	100%	100%
Greater than 150 bps above Guaranteed Minimum | Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	0.0150	0.0150
Total
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 13,933	$ 14,344
Total | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	12,978	13,582
Total | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	691	519
Total | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	181	170
Total | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	54	52
Total | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	29	21
Fixed accounts of variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	4,555	4,689
Fixed accounts of variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	4,403	4,568
Fixed accounts of variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	130	102
Fixed accounts of variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	19	18
Fixed accounts of variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3	1
Fixed accounts of variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Fixed accounts of structured variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	26	23
Fixed accounts of structured variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	8	12
Fixed accounts of structured variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	12	7
Fixed accounts of structured variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3	3
Fixed accounts of structured variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1	1
Fixed accounts of structured variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2	0
Fixed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	6,531	6,781
Fixed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	5,815	6,204
Fixed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	538	402
Fixed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	137	132
Fixed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	31	33
Fixed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	10	10
Non-indexed accounts of fixed indexed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	24	25
Non-indexed accounts of fixed indexed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	1
Non-indexed accounts of fixed indexed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3	3
Non-indexed accounts of fixed indexed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	7	7
Non-indexed accounts of fixed indexed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	14	14
Non-indexed accounts of fixed indexed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	1,496	1,513
Universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1,487	1,509
Universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	1
Universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	7	3
Universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2	0
Universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Fixed accounts of variable universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	829	838
Fixed accounts of variable universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	796	816
Fixed accounts of variable universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	8	4
Fixed accounts of variable universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	5	4
Fixed accounts of variable universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3	3
Fixed accounts of variable universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	17	11
Non-indexed accounts of indexed universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	131	129
Non-indexed accounts of indexed universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	128	126
Non-indexed accounts of indexed universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Non-indexed accounts of indexed universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3	3
Non-indexed accounts of indexed universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Non-indexed accounts of indexed universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Other life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	341	346
Other life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	341	346
Other life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Other life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Other life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Other life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% | Total
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 1,299	$ 1,395
1% - 1.99% | Total | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Total | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Total | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 367	$ 646
1% - 1.99% | Total | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	687	517
1% - 1.99% | Total | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	172	165
1% - 1.99% | Total | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	48	48
1% - 1.99% | Total | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	25	19
1% - 1.99% | Fixed accounts of variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 276	$ 289
1% - 1.99% | Fixed accounts of variable annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Fixed accounts of variable annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Fixed accounts of variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 125	$ 169
1% - 1.99% | Fixed accounts of variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	130	102
1% - 1.99% | Fixed accounts of variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	19	18
1% - 1.99% | Fixed accounts of variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2	0
1% - 1.99% | Fixed accounts of variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% | Fixed accounts of structured variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 26	$ 23
1% - 1.99% | Fixed accounts of structured variable annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Fixed accounts of structured variable annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Fixed accounts of structured variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 8	$ 12
1% - 1.99% | Fixed accounts of structured variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	12	7
1% - 1.99% | Fixed accounts of structured variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3	3
1% - 1.99% | Fixed accounts of structured variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1	1
1% - 1.99% | Fixed accounts of structured variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2	0
1% - 1.99% | Fixed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 950	$ 1,037
1% - 1.99% | Fixed annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Fixed annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Fixed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 234	$ 460
1% - 1.99% | Fixed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	538	402
1% - 1.99% | Fixed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	137	132
1% - 1.99% | Fixed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	31	33
1% - 1.99% | Fixed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	10	10
1% - 1.99% | Non-indexed accounts of fixed indexed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 24	$ 25
1% - 1.99% | Non-indexed accounts of fixed indexed annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Non-indexed accounts of fixed indexed annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Non-indexed accounts of fixed indexed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 1
1% - 1.99% | Non-indexed accounts of fixed indexed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3	3
1% - 1.99% | Non-indexed accounts of fixed indexed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	7	7
1% - 1.99% | Non-indexed accounts of fixed indexed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	14	14
1% - 1.99% | Non-indexed accounts of fixed indexed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% | Universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
1% - 1.99% | Universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
1% - 1.99% | Universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% | Universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% | Universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% | Universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% | Fixed accounts of variable universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 20	$ 18
1% - 1.99% | Fixed accounts of variable universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Fixed accounts of variable universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Fixed accounts of variable universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 4
1% - 1.99% | Fixed accounts of variable universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	4	3
1% - 1.99% | Fixed accounts of variable universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3	2
1% - 1.99% | Fixed accounts of variable universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% | Fixed accounts of variable universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	13	9
1% - 1.99% | Non-indexed accounts of indexed universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 3	$ 3
1% - 1.99% | Non-indexed accounts of indexed universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Non-indexed accounts of indexed universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Non-indexed accounts of indexed universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
1% - 1.99% | Non-indexed accounts of indexed universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% | Non-indexed accounts of indexed universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3	3
1% - 1.99% | Non-indexed accounts of indexed universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% | Non-indexed accounts of indexed universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% | Other life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
1% - 1.99% | Other life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% | Other life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% | Other life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
1% - 1.99% | Other life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% | Other life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% | Other life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% | Other life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Total
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 450	$ 461
2% - 2.99% | Total | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Total | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Total | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 438	$ 455
2% - 2.99% | Total | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3	0
2% - 2.99% | Total | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	4	2
2% - 2.99% | Total | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1	2
2% - 2.99% | Total | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	4	2
2% - 2.99% | Fixed accounts of variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 167	$ 177
2% - 2.99% | Fixed accounts of variable annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Fixed accounts of variable annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Fixed accounts of variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 167	$ 177
2% - 2.99% | Fixed accounts of variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Fixed accounts of variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Fixed accounts of variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Fixed accounts of variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Fixed accounts of structured variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
2% - 2.99% | Fixed accounts of structured variable annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Fixed accounts of structured variable annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Fixed accounts of structured variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
2% - 2.99% | Fixed accounts of structured variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Fixed accounts of structured variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Fixed accounts of structured variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Fixed accounts of structured variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Fixed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 63	$ 67
2% - 2.99% | Fixed annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Fixed annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Fixed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 63	$ 67
2% - 2.99% | Fixed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Fixed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Fixed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Fixed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Non-indexed accounts of fixed indexed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
2% - 2.99% | Non-indexed accounts of fixed indexed annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Non-indexed accounts of fixed indexed annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Non-indexed accounts of fixed indexed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
2% - 2.99% | Non-indexed accounts of fixed indexed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Non-indexed accounts of fixed indexed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Non-indexed accounts of fixed indexed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Non-indexed accounts of fixed indexed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 58	$ 56
2% - 2.99% | Universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 54	$ 55
2% - 2.99% | Universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	4	1
2% - 2.99% | Universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Fixed accounts of variable universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 34	$ 35
2% - 2.99% | Fixed accounts of variable universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Fixed accounts of variable universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Fixed accounts of variable universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 26	$ 30
2% - 2.99% | Fixed accounts of variable universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3	0
2% - 2.99% | Fixed accounts of variable universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	1
2% - 2.99% | Fixed accounts of variable universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1	2
2% - 2.99% | Fixed accounts of variable universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	4	2
2% - 2.99% | Non-indexed accounts of indexed universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 128	$ 126
2% - 2.99% | Non-indexed accounts of indexed universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Non-indexed accounts of indexed universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Non-indexed accounts of indexed universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 128	$ 126
2% - 2.99% | Non-indexed accounts of indexed universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Non-indexed accounts of indexed universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Non-indexed accounts of indexed universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Non-indexed accounts of indexed universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Other life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
2% - 2.99% | Other life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% | Other life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% | Other life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
2% - 2.99% | Other life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Other life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Other life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% | Other life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Total
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 6,760	$ 7,013
3% - 3.99% | Total | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Total | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Total | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 6,749	$ 7,006
3% - 3.99% | Total | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1	2
3% - 3.99% | Total | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	5	3
3% - 3.99% | Total | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	5	2
3% - 3.99% | Total | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Fixed accounts of variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 2,514	$ 2,612
3% - 3.99% | Fixed accounts of variable annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Fixed accounts of variable annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Fixed accounts of variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 2,513	$ 2,611
3% - 3.99% | Fixed accounts of variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Fixed accounts of variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Fixed accounts of variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1	1
3% - 3.99% | Fixed accounts of variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Fixed accounts of structured variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
3% - 3.99% | Fixed accounts of structured variable annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Fixed accounts of structured variable annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Fixed accounts of structured variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
3% - 3.99% | Fixed accounts of structured variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Fixed accounts of structured variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Fixed accounts of structured variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Fixed accounts of structured variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Fixed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 3,196	$ 3,344
3% - 3.99% | Fixed annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Fixed annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Fixed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 3,196	$ 3,344
3% - 3.99% | Fixed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Fixed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Fixed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Fixed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Non-indexed accounts of fixed indexed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
3% - 3.99% | Non-indexed accounts of fixed indexed annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Non-indexed accounts of fixed indexed annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Non-indexed accounts of fixed indexed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
3% - 3.99% | Non-indexed accounts of fixed indexed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Non-indexed accounts of fixed indexed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Non-indexed accounts of fixed indexed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Non-indexed accounts of fixed indexed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 882	$ 888
3% - 3.99% | Universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 877	$ 885
3% - 3.99% | Universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	1
3% - 3.99% | Universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3	2
3% - 3.99% | Universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2	0
3% - 3.99% | Universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Fixed accounts of variable universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 136	$ 137
3% - 3.99% | Fixed accounts of variable universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Fixed accounts of variable universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Fixed accounts of variable universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 131	$ 134
3% - 3.99% | Fixed accounts of variable universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1	1
3% - 3.99% | Fixed accounts of variable universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2	1
3% - 3.99% | Fixed accounts of variable universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2	1
3% - 3.99% | Fixed accounts of variable universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Non-indexed accounts of indexed universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
3% - 3.99% | Non-indexed accounts of indexed universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Non-indexed accounts of indexed universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Non-indexed accounts of indexed universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
3% - 3.99% | Non-indexed accounts of indexed universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Non-indexed accounts of indexed universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Non-indexed accounts of indexed universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Non-indexed accounts of indexed universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Other life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 32	$ 32
3% - 3.99% | Other life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% | Other life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% | Other life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 32	$ 32
3% - 3.99% | Other life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Other life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Other life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% | Other life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Total
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 5,424	$ 5,475
4% - 5.00% | Total | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Total | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Total | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 5,424	$ 5,475
4% - 5.00% | Total | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Total | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Total | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Total | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Fixed accounts of variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 1,598	$ 1,611
4% - 5.00% | Fixed accounts of variable annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Fixed accounts of variable annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Fixed accounts of variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 1,598	$ 1,611
4% - 5.00% | Fixed accounts of variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Fixed accounts of variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Fixed accounts of variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Fixed accounts of variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Fixed accounts of structured variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
4% - 5.00% | Fixed accounts of structured variable annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Fixed accounts of structured variable annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Fixed accounts of structured variable annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
4% - 5.00% | Fixed accounts of structured variable annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Fixed accounts of structured variable annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Fixed accounts of structured variable annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Fixed accounts of structured variable annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Fixed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 2,322	$ 2,333
4% - 5.00% | Fixed annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Fixed annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Fixed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 2,322	$ 2,333
4% - 5.00% | Fixed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Fixed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Fixed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Fixed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Non-indexed accounts of fixed indexed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
4% - 5.00% | Non-indexed accounts of fixed indexed annuities | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Non-indexed accounts of fixed indexed annuities | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Non-indexed accounts of fixed indexed annuities | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
4% - 5.00% | Non-indexed accounts of fixed indexed annuities | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Non-indexed accounts of fixed indexed annuities | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Non-indexed accounts of fixed indexed annuities | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Non-indexed accounts of fixed indexed annuities | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 556	$ 569
4% - 5.00% | Universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 556	$ 569
4% - 5.00% | Universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Fixed accounts of variable universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 639	$ 648
4% - 5.00% | Fixed accounts of variable universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Fixed accounts of variable universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Fixed accounts of variable universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 639	$ 648
4% - 5.00% | Fixed accounts of variable universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Fixed accounts of variable universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Fixed accounts of variable universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Fixed accounts of variable universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Non-indexed accounts of indexed universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
4% - 5.00% | Non-indexed accounts of indexed universal life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Non-indexed accounts of indexed universal life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Non-indexed accounts of indexed universal life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
4% - 5.00% | Non-indexed accounts of indexed universal life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Non-indexed accounts of indexed universal life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Non-indexed accounts of indexed universal life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Non-indexed accounts of indexed universal life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Other life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 309	$ 314
4% - 5.00% | Other life insurance | Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% | Other life insurance | Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% | Other life insurance | At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 309	$ 314
4% - 5.00% | Other life insurance | 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Other life insurance | 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Other life insurance | 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% | Other life insurance | Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0

Policyholder Account Balances_6

Policyholder Account Balances, Future Policy Benefits and Claims - Balances of and Changes in Liability for Future Policy Benefits (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 9,156	$ 8,920		$ 10,386
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	2,027	2,512	$ 2,771
Beginning balance at original discount rate	2,065	2,111	2,217
Effect of changes in cash flow assumptions		0	54	(6)
Effect of actual variances from expected experience		(24)	(23)	(40)
Adjusted beginning of year balance		2,041	2,142	2,171
Issuances	47	111	134
Interest accrual	25	106	111
Net premiums collected	(91)	(294)	(305)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	2,022	2,065	2,111
Effect of changes in discount rate assumptions	1	(38)	401
Ending balance	2,023	2,027	2,512
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	9,519	12,232	13,157
Beginning balance at original discount rate	9,706	9,769	9,920
Effect of changes in cash flow assumptions		(1)	35	(8)
Effect of actual variances from expected experience		(29)	(25)	(120)
Adjusted beginning of year balance		9,676	9,779	9,792
Issuances	47	111	135
Interest accrual	122	496	509
Benefit payments	(184)	(680)	(667)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	9,661	9,706	9,769
Effect of changes in discount rate assumptions	44	(187)	2,463
Ending balance	9,705	9,519	12,232
Adjustment due to reserve flooring	5	3	1
Reserve for future policy benefits	7,687	7,495	9,721
Less: reinsurance recoverable	4,135	4,060	5,291	4,248
Net liability for future policy benefits, after reinsurance recoverable	3,552	3,435	4,430	6,138
Discounted expected future gross premiums	4,189	4,162	4,786
Expected future gross premiums	6,336	6,422	6,115
Expected future benefit payments	16,087	16,227	16,651
Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				8,448
Effect of shadow reserve adjustments
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				(741)
Adjustments for loss contracts (with premiums in excess of gross premiums) under the modified retrospective approach
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				39
Effect of change in deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				(43)
Effect of remeasurement of the liability at the current single A discount rate
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				2,683
Life Contingent Payout Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Balance				1,537
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	0	0	0
Beginning balance at original discount rate	0	0	0
Effect of changes in cash flow assumptions		0	0	0
Effect of actual variances from expected experience		0	0	0
Adjusted beginning of year balance		0	0	0
Issuances	31	42	38
Interest accrual	0	0	0
Net premiums collected	(31)	(42)	(38)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	0	0	0
Effect of changes in discount rate assumptions	0	0	0
Ending balance	0	0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	1,065	1,370	1,537
Beginning balance at original discount rate	1,155	1,231	1,321
Effect of changes in cash flow assumptions		0	0	0
Effect of actual variances from expected experience		0	(13)	(14)
Adjusted beginning of year balance		1,155	1,218	1,307
Issuances	31	42	39
Interest accrual	12	49	53
Benefit payments	(40)	(154)	(168)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	1,158	1,155	1,231
Effect of changes in discount rate assumptions	(68)	(90)	139
Ending balance	1,090	1,065	1,370
Adjustment due to reserve flooring	0	0	0
Reserve for future policy benefits	1,090	1,065	1,370
Less: reinsurance recoverable	943	949	1,265	0
Net liability for future policy benefits, after reinsurance recoverable	147	116	105	1,537
Discounted expected future gross premiums	0	0	0
Expected future gross premiums	0	0	0
Expected future benefit payments	$ 1,603	$ 1,595	$ 1,707
Weighted average interest accretion rate	4.20%	4.10%	4.20%
Weighted average discount rate	5%	5.20%	2.60%
Weighted average duration of liability (in years)	6 years	6 years	7 years
Life Contingent Payout Annuities | Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				1,536
Life Contingent Payout Annuities | Effect of shadow reserve adjustments
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				(175)
Life Contingent Payout Annuities | Adjustments for loss contracts (with premiums in excess of gross premiums) under the modified retrospective approach
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				4
Life Contingent Payout Annuities | Effect of change in deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				(43)
Life Contingent Payout Annuities | Effect of remeasurement of the liability at the current single A discount rate
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				215
Term and Whole Life Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Balance				898
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	$ 686	$ 777	$ 702
Beginning balance at original discount rate	708	636	536
Effect of changes in cash flow assumptions		1	1	0
Effect of actual variances from expected experience		3	47	56
Adjusted beginning of year balance		712	684	592
Issuances	13	57	78
Interest accrual	8	34	29
Net premiums collected	(17)	(67)	(63)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	716	708	636
Effect of changes in discount rate assumptions	(5)	(22)	141
Ending balance	711	686	777
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	1,319	1,598	1,600
Beginning balance at original discount rate	1,313	1,255	1,169
Effect of changes in cash flow assumptions		1	(8)	0
Effect of actual variances from expected experience		3	52	58
Adjusted beginning of year balance		1,317	1,299	1,227
Issuances	13	57	78
Interest accrual	18	73	70
Benefit payments	(37)	(116)	(120)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	1,311	1,313	1,255
Effect of changes in discount rate assumptions	36	6	343
Ending balance	1,347	1,319	1,598
Adjustment due to reserve flooring	5	3	1
Reserve for future policy benefits	641	636	822
Less: reinsurance recoverable	447	443	558	601
Net liability for future policy benefits, after reinsurance recoverable	194	193	264	297
Discounted expected future gross premiums	1,887	1,855	2,005
Expected future gross premiums	3,165	3,183	2,815
Expected future benefit payments	$ 2,231	$ 2,234	$ 2,159
Weighted average interest accretion rate	6.40%	6.40%	6.50%
Weighted average discount rate	5.10%	5.50%	2.80%
Weighted average duration of liability (in years)	7 years	7 years	8 years
Term and Whole Life Insurance | Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				633
Term and Whole Life Insurance | Effect of shadow reserve adjustments
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				0
Term and Whole Life Insurance | Adjustments for loss contracts (with premiums in excess of gross premiums) under the modified retrospective approach
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				0
Term and Whole Life Insurance | Effect of change in deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				0
Term and Whole Life Insurance | Effect of remeasurement of the liability at the current single A discount rate
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				265
Disability Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Balance				768
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	$ 134	$ 188	$ 238
Beginning balance at original discount rate	137	155	183
Effect of changes in cash flow assumptions		0	1	0
Effect of actual variances from expected experience		(6)	(22)	(35)
Adjusted beginning of year balance		131	134	148
Issuances	3	12	18
Interest accrual	2	7	9
Net premiums collected	(4)	(16)	(20)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	132	137	155
Effect of changes in discount rate assumptions	0	(3)	33
Ending balance	132	134	188
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	696	914	1,006
Beginning balance at original discount rate	669	688	714
Effect of changes in cash flow assumptions		0	1	0
Effect of actual variances from expected experience		(9)	(28)	(40)
Adjusted beginning of year balance		660	661	674
Issuances	3	12	18
Interest accrual	9	38	39
Benefit payments	(10)	(42)	(43)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	662	669	688
Effect of changes in discount rate assumptions	43	27	226
Ending balance	705	696	914
Adjustment due to reserve flooring	0	0	0
Reserve for future policy benefits	573	562	726
Less: reinsurance recoverable	21	19	25	24
Net liability for future policy benefits, after reinsurance recoverable	552	543	701	744
Discounted expected future gross premiums	932	926	1,158
Expected future gross premiums	1,314	1,331	1,395
Expected future benefit payments	$ 1,153	$ 1,169	$ 1,217
Weighted average interest accretion rate	6.20%	6.10%	5.90%
Weighted average discount rate	5.10%	5.40%	2.80%
Weighted average duration of liability (in years)	8 years	8 years	9 years
Disability Insurance | Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				530
Disability Insurance | Effect of shadow reserve adjustments
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				0
Disability Insurance | Adjustments for loss contracts (with premiums in excess of gross premiums) under the modified retrospective approach
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				0
Disability Insurance | Effect of change in deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				0
Disability Insurance | Effect of remeasurement of the liability at the current single A discount rate
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				238
Long Term Care Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Balance				7,183
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	$ 1,207	$ 1,547	$ 1,831
Beginning balance at original discount rate	1,220	1,320	1,498
Effect of changes in cash flow assumptions		(1)	52	(6)
Effect of actual variances from expected experience		(21)	(48)	(61)
Adjusted beginning of year balance		1,198	1,324	1,431
Issuances	0	0	0
Interest accrual	15	65	73
Net premiums collected	(39)	(169)	(184)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	1,174	1,220	1,320
Effect of changes in discount rate assumptions	6	(13)	227
Ending balance	1,180	1,207	1,547
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	6,439	8,350	9,014
Beginning balance at original discount rate	6,569	6,595	6,716
Effect of changes in cash flow assumptions		(2)	42	(8)
Effect of actual variances from expected experience		(23)	(36)	(124)
Adjusted beginning of year balance		6,544	6,601	6,584
Issuances	0	0	0
Interest accrual	83	336	347
Benefit payments	(97)	(368)	(336)
Derecognition (lapses)	0	0	0
Ending balance at original discount rate	6,530	6,569	6,595
Effect of changes in discount rate assumptions	33	(130)	1,755
Ending balance	6,563	6,439	8,350
Adjustment due to reserve flooring	0	0	0
Reserve for future policy benefits	5,383	5,232	6,803
Less: reinsurance recoverable	2,724	2,649	3,443	3,623
Net liability for future policy benefits, after reinsurance recoverable	2,659	2,583	3,360	3,560
Discounted expected future gross premiums	1,370	1,381	1,623
Expected future gross premiums	1,857	1,908	1,905
Expected future benefit payments	$ 11,100	$ 11,229	$ 11,568
Weighted average interest accretion rate	5.20%	5.20%	5.30%
Weighted average discount rate	5.10%	5.40%	2.90%
Weighted average duration of liability (in years)	9 years	9 years	10 years
Long Term Care Insurance | Previously Reported
Liability for Future Policy Benefit, Activity [Line Items]
Balance				5,749
Long Term Care Insurance | Effect of shadow reserve adjustments
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				(566)
Long Term Care Insurance | Adjustments for loss contracts (with premiums in excess of gross premiums) under the modified retrospective approach
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				35
Long Term Care Insurance | Effect of change in deferred profit liability
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				0
Long Term Care Insurance | Effect of remeasurement of the liability at the current single A discount rate
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Effect of changes in cash flow assumptions				$ 1,965

Policyholder Account Balances_7

Policyholder Account Balances, Future Policy Benefits and Claims - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Mar. 31, 2023	Dec. 31, 2022
Liability for Future Policy Benefit, Activity [Line Items]
Liability for future policy benefits, decrease for assumption updates	$ 10
Decrease to reinsurance recoverable for assumption updates	$ 4
Reinsurance recoverables		$ 4,300	$ 4,200
Genworth LTC risk
Liability for Future Policy Benefit, Activity [Line Items]
Reinsurance recoverables		$ 2,700	$ 2,700

Policyholder Account Balances_8

Policyholder Account Balances, Future Policy Benefits and Claims - Additional Liabilities (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance	$ 1,186	$ 1,242
Interest accrual	9	38
Benefit accrual	36	116
Benefit payments	(17)	(61)
Effect of actual variances from expected experience		(6)	$ (19)
Impact of change in net unrealized (gains) losses on securities	16	(130)
Ending balance	1,224	1,186
Universal Life Insurance
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance	1,100	1,120
Interest accrual	8	32
Benefit accrual	33	108
Benefit payments	(12)	(43)
Effect of actual variances from expected experience		(5)	(19)
Impact of change in net unrealized (gains) losses on securities	12	(98)
Ending balance	$ 1,136	$ 1,100
Weighted average interest accretion rate	2.90%	2.90%
Weighted average discount rate	3.20%	3.20%
Weighted average duration of reserves (in years)	10 years	10 years
Variable Universal Life Insurance
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance	$ 74	$ 76
Interest accrual	1	5
Benefit accrual	2	8
Benefit payments	(4)	(14)
Effect of actual variances from expected experience		0	2
Impact of change in net unrealized (gains) losses on securities	1	(3)
Ending balance	$ 74	$ 74
Weighted average interest accretion rate	7.10%	7%
Weighted average discount rate	7.10%	7.10%
Weighted average duration of reserves (in years)	8 years	8 years
Other Life Insurance
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance	$ 12	$ 46
Interest accrual	0	1
Benefit accrual	1	0
Benefit payments	(1)	(4)
Effect of actual variances from expected experience		(1)	$ (2)
Impact of change in net unrealized (gains) losses on securities	3	(29)
Ending balance	$ 14	$ 12
Weighted average interest accretion rate	3.90%	4.10%
Weighted average discount rate	4%	4%
Weighted average duration of reserves (in years)	6 years	6 years

Policyholder Account Balances_9

Policyholder Account Balances, Future Policy Benefits and Claims - Amounts Recognized in Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	$ 151	$ 530	$ 528
Interest Expense	97	390	398
Life contingent payout annuities
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	33	45	39
Interest Expense	12	49	53
Term and whole life insurance
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	42	169	166
Interest Expense	10	39	41
Disability insurance
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	31	127	131
Interest Expense	7	31	30
Long term care insurance
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	45	189	192
Interest Expense	$ 68	$ 271	$ 274

Policyholder Account Balance_10

Policyholder Account Balances, Future Policy Benefits and Claims - Change in Unearned Income (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred Income [Roll Forward]
Beginning balance	$ 410	$ 333	$ 263
Deferral of revenue	27	104	92
Amortization	(8)	(27)	(22)
Ending balance	429	410	333
Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance	27	26	24
Deferral of revenue	0	2	3
Amortization	0	(1)	(1)
Ending balance	27	27	26
Variable Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance	150	112	86
Deferral of revenue	14	48	34
Amortization	(3)	(10)	(8)
Ending balance	161	150	112
Indexed Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance	233	195	153
Deferral of revenue	13	54	55
Amortization	(5)	(16)	(13)
Ending balance	$ 241	$ 233	195
Previously Reported
Deferred Income [Roll Forward]
Beginning balance			95
Previously Reported | Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance			19
Previously Reported | Variable Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance			76
Previously Reported | Indexed Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance			0
Effect of shadow reserve adjustments
Deferred Income [Roll Forward]
Beginning balance			168
Effect of shadow reserve adjustments | Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance			5
Effect of shadow reserve adjustments | Variable Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance			10
Effect of shadow reserve adjustments | Indexed Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance			$ 153

Separate Account Assets and L_3

Separate Account Assets and Liabilities - Separate Account Assets (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Variable Annuity and Insurance Guarantees
Separate account assets	$ 75,941	$ 73,962	[1]
Mutual funds
Variable Annuity and Insurance Guarantees
Separate account assets	72,844	70,876
Property/Real estate
Variable Annuity and Insurance Guarantees
Separate account assets	1,894	1,876
Equity securities
Variable Annuity and Insurance Guarantees
Separate account assets	706	679
Debt securities
Variable Annuity and Insurance Guarantees
Separate account assets	308	279
Cash and cash equivalents
Variable Annuity and Insurance Guarantees
Separate account assets	136	208
Other
Variable Annuity and Insurance Guarantees
Separate account assets	$ 53	$ 44
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Separate Account Assets and L_4

Separate Account Assets and Liabilities - Separate Account Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2023		Dec. 31, 2022
Separate Account, Liability [Roll Forward]
Beginning balance	$ 73,962	[1]	$ 97,491
Premiums and deposits	383		1,744
Policy charges	(404)		(1,685)
Surrenders and other benefits	(1,506)		(6,757)
Investment return	3,439		(16,377)
Net transfer from (to) general account	6		133
Other charges	61		(587)
Ending balance	75,941		73,962	[1]
Cash surrender value	73,743		71,747
Variable Annuities
Separate Account, Liability [Roll Forward]
Beginning balance	63,223		82,862
Premiums and deposits	204		1,067
Policy charges	(331)		(1,396)
Surrenders and other benefits	(1,250)		(4,923)
Investment return	2,963		(14,450)
Net transfer from (to) general account	5		63
Other charges	0		0
Ending balance	64,814		63,223
Cash surrender value	63,086		61,461
Variable Universal Life
Separate Account, Liability [Roll Forward]
Beginning balance	7,653		9,376
Premiums and deposits	111		425
Policy charges	(71)		(278)
Surrenders and other benefits	(71)		(286)
Investment return	407		(1,654)
Net transfer from (to) general account	1		70
Other charges	0		0
Ending balance	8,030		7,653
Cash surrender value	7,560		7,200
Threadneedle Investment Liabilities
Separate Account, Liability [Roll Forward]
Beginning balance	3,086		5,253
Premiums and deposits	68		252
Policy charges	(2)		(11)
Surrenders and other benefits	(185)		(1,548)
Investment return	69		(273)
Net transfer from (to) general account	0		0
Other charges	61		(587)
Ending balance	3,097		3,086
Cash surrender value	$ 3,097		$ 3,086
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Market Risk Benefits - Balances

Market Risk Benefits - Balances of and Changes in Market Risk Benefits (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022		Dec. 31, 2021
Market Risk Benefit [Roll Forward]
Beginning balance	$ 1,103	$ 2,901	$ 2,901		$ 4,829
Issuances	4	8	27		45
Interest accrual and time decay	(26)	(86)	(237)		(294)
Reserve increase from attributed fees collected	189	199	810		819
Reserve release for benefit payments and derecognition	(9)	(3)	(29)		(8)
Effect of changes in interest rates and bond markets	504	(1,454)	(4,193)		(1,053)
Effect of changes in equity markets and subaccount performance	(392)	586	2,258		(1,558)
Effect of changes in equity index volatility	(43)	55	205		73
Actual policyholder behavior different from expected behavior	7	20	17		52
Effect of changes in other future expected assumptions	0	0	(139)		123
Effect of changes in the instrument-specific credit risk on market risk benefits	(204)	(385)	(517)		(127)
Ending balance	1,133	1,841	1,103		2,901
Reconciliation of the gross balances in an asset or liability position:
Asset position	990	742	1,015	[1]	539
Liability position	(2,123)	(2,583)	(2,118)	[1]	(3,440)
Net asset (liability) position	$ (1,133)	$ (1,841)	$ (1,103)		$ (2,901)
Weighted average attained age of contractholders	68 years	68 years	68 years		68 years
Changes in unrealized (gains) losses in net income relating to liabilities held at end of period	$ 59	$ (868)	$ (2,044)		$ (2,502)
Changes in unrealized (gains) losses in other comprehensive income relating to liabilities held at end of period	(204)	(382)	(505)		(102)
Death benefits
Reconciliation of the gross balances in an asset or liability position:
Guaranteed benefit amount in excess of current account balances (net amount at risk)	1,956	714	2,781		251
Living benefits
Reconciliation of the gross balances in an asset or liability position:
Guaranteed benefit amount in excess of current account balances (net amount at risk)	2,836	586	3,364		195
Composite (greater of)
Reconciliation of the gross balances in an asset or liability position:
Guaranteed benefit amount in excess of current account balances (net amount at risk)	$ 4,596	$ 1,274	5,830		441
Previously Reported
Market Risk Benefit [Roll Forward]
Beginning balance					3,084
Reconciliation of the gross balances in an asset or liability position:
Asset position			0		0
Liability position			$ 0		0
Net asset (liability) position
Effect of shadow reserve adjustments
Market Risk Benefit [Roll Forward]
Beginning balance					(3)
Reconciliation of the gross balances in an asset or liability position:
Net asset (liability) position
Adjustments for the cumulative effect of the changes in instrument-specific credit risk between the original contract issuance date and the transition date
Market Risk Benefit [Roll Forward]
Beginning balance					670
Reconciliation of the gross balances in an asset or liability position:
Net asset (liability) position
Adjustments to the host contract for differences between previous carrying amount and fair value measurement for the MRB under the option-based method of valuation
Market Risk Benefit [Roll Forward]
Beginning balance					20
Reconciliation of the gross balances in an asset or liability position:
Net asset (liability) position
Adjustments for the remaining difference (exclusive of the instrument-specific credit risk change and host contract adjustments) between previous carrying amount and fair value measurements for the MRB
Market Risk Benefit [Roll Forward]
Beginning balance					$ 1,058
Reconciliation of the gross balances in an asset or liability position:
Net asset (liability) position
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Market Risk Benefits - Signific

Market Risk Benefits - Significant Inputs and Assumptions (Details) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Market Risk Benefit [Line Items]
Market risk benefits	$ 1,133	$ 1,841	$ 1,103	$ 2,901	$ 4,829
Increase (decrease) from change in assumptions	$ 0	$ 0	(139)	$ 123
Utilization of guaranteed withdrawals
Market Risk Benefit [Line Items]
Increase (decrease) from change in assumptions			(39)
Surrender rate
Market Risk Benefit [Line Items]
Increase (decrease) from change in assumptions			(200)
Mortality rate
Market Risk Benefit [Line Items]
Increase (decrease) from change in assumptions			$ (49)
Discounted cash flow | Nonperformance risk
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.0115		0.0095
Minimum | Discounted cash flow | Utilization of guaranteed withdrawals
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0		0
Minimum | Discounted cash flow | Surrender rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.002		0.002
Minimum | Discounted cash flow | Market volatility
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0		0
Minimum | Discounted cash flow | Mortality rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0		0
Maximum | Discounted cash flow | Utilization of guaranteed withdrawals
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.480		0.480
Maximum | Discounted cash flow | Surrender rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.456		0.456
Maximum | Discounted cash flow | Market volatility
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.251		0.266
Maximum | Discounted cash flow | Mortality rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.416		0.416
Weighted average | Discounted cash flow | Utilization of guaranteed withdrawals
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.111		0.110
Weighted average | Discounted cash flow | Surrender rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.036		0.036
Weighted average | Discounted cash flow | Market volatility
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.111		0.121
Weighted average | Discounted cash flow | Nonperformance risk
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.0115		0.0095
Weighted average | Discounted cash flow | Mortality rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.015		0.015

Debt - Balances and Stated Inte

Debt - Balances and Stated Interest Rates (Details) - USD ($) $ in Millions	Mar. 31, 2023	Mar. 09, 2023	Dec. 31, 2022
Debt and stated interest rates
Short-term borrowings	$ 201		$ 201	[1]
Ameriprise Financial
Debt and stated interest rates
Finance lease liabilities	28		30
Other	(18)		(9)
Total long-term debt	3,560		2,821
Short-term borrowings	201		201
Total	$ 3,761		$ 3,022
Ameriprise Financial | Weighted average
Debt and stated interest rates
FHLB advances, Stated interest rate (as a percent)	5.10%		4.60%
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%		4%
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%		3%
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%
Ameriprise Financial | Senior notes due 2032
Debt and stated interest rates
Long-term debt	$ 500		$ 500
Stated interest rate long-term debt (as a percent)	4.50%		4.50%
Ameriprise Financial | Senior notes due 2033
Debt and stated interest rates
Long-term debt	$ 750		$ 0
Stated interest rate long-term debt (as a percent)	5.20%	5.15%	0%
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Debt - Long-Term Debt (Details)

Debt - Long-Term Debt (Details) - Senior notes due 2033 - Ameriprise Financial - USD ($) $ in Millions	Mar. 31, 2023	Mar. 09, 2023	Dec. 31, 2022
Debt
Debt issued		$ 750
Stated interest rate long-term debt (as a percent)	5.20%	5.15%	0%
Debt issuance costs		$ 7

Debt - Short-term Borrowings (D

Debt - Short-term Borrowings (Details) - Ameriprise Financial - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Commercial mortgage backed securities
Short-term borrowings
FHLB advances, securities pledged as collateral	$ 1,200	$ 1,200
Residential mortgage backed securities
Short-term borrowings
FHLB advances, securities pledged as collateral	$ 495	$ 479
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	Mar. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Current borrowing capacity for line of credit facility	$ 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
Line of Credit Facility
Maximum borrowing capacity for line of credit facility	1,250
Line of credit borrowings outstanding	0	0
American Enterprise Investment Services, Incorporated
Debt Disclosure [Abstract]
Maximum borrowing capacity for line of credit facility	500
Line of credit borrowings outstanding	0	0
Line of Credit Facility
Maximum borrowing capacity for line of credit facility	500
Line of credit borrowings outstanding	$ 0	$ 0

Fair Values of Assets and Lia_3

Fair Values of Assets and Liabilities - Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022		Mar. 31, 2022	Dec. 31, 2021
Assets
Separate account assets at NAV	$ 75,941	$ 73,962	[1]
Market risk benefits	990	1,015	[1]	$ 742	$ 539
Liabilities
Liabilities embedded derivatives, net	966	653
Market risk benefits	2,123	2,118	[1]	$ 2,583	$ 3,440
Ameriprise Financial
Assets
Available-for-Sale securities, at fair value	44,883	40,811
Ameriprise Financial | Corporate debt securities
Assets
Available-for-Sale securities, at fair value	10,510	9,698
Ameriprise Financial | Residential mortgage backed securities
Assets
Available-for-Sale securities, at fair value	17,663	15,703
Ameriprise Financial | Commercial mortgage backed securities
Assets
Available-for-Sale securities, at fair value	6,465	6,212
Ameriprise Financial | Asset backed securities
Assets
Available-for-Sale securities, at fair value	7,244	6,264
Ameriprise Financial | State and municipal obligations
Assets
Available-for-Sale securities, at fair value	820	797
Ameriprise Financial | U.S. government and agencies obligations
Assets
Available-for-Sale securities, at fair value	2,136	2,079
Ameriprise Financial | Foreign government bonds and obligations
Assets
Available-for-Sale securities, at fair value	28	41
Ameriprise Financial | Other securities
Assets
Available-for-Sale securities, at fair value	17	17
Ameriprise Financial | Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Cumulative increase (decrease) in embedded derivatives of adjustment for nonperformance risk	(200)	(139)
Ameriprise Financial | Level 3 | Corporate debt securities
Assets
Available-for-Sale securities, at fair value	439	404
Ameriprise Financial | Level 3 | Asset backed securities
Assets
Available-for-Sale securities, at fair value	1	1
Ameriprise Financial | Level 3 | Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives	48	48
Ameriprise Financial | Level 3 | Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities embedded derivatives	44	44
Ameriprise Financial | Level 3 | IUL embedded derivatives
Liabilities
Liabilities embedded derivatives	771	739
Ameriprise Financial | Level 3 | Structured variable annuity embedded derivatives
Liabilities
Liabilities embedded derivatives, net	142	(137)
Ameriprise Financial | Recurring basis
Assets
Cash equivalents	5,867	5,103
Available-for-Sale securities, at fair value	44,883	40,811
Investments at net asset value	10	9
Trading and other securities	238	227
Separate account assets at NAV	75,941	73,962
Investments and cash equivalents segregated for regulatory purposes	694	646
Market risk benefits	990	1,015
Other assets: derivative contracts	3,634	3,020
Total assets at fair value	132,305	124,841
Liabilities
Market risk benefits	2,123	2,118
Other	288	272
Other liabilities	3,380	3,020
Total liabilities at fair value	6,469	5,791
Ameriprise Financial | Recurring basis | Corporate debt securities
Assets
Available-for-Sale securities, at fair value	10,510	9,698
Ameriprise Financial | Recurring basis | Residential mortgage backed securities
Assets
Available-for-Sale securities, at fair value	17,663	15,703
Ameriprise Financial | Recurring basis | Commercial mortgage backed securities
Assets
Available-for-Sale securities, at fair value	6,465	6,212
Ameriprise Financial | Recurring basis | Asset backed securities
Assets
Available-for-Sale securities, at fair value	7,244	6,264
Ameriprise Financial | Recurring basis | State and municipal obligations
Assets
Available-for-Sale securities, at fair value	820	797
Ameriprise Financial | Recurring basis | U.S. government and agencies obligations
Assets
Available-for-Sale securities, at fair value	2,136	2,079
Ameriprise Financial | Recurring basis | Foreign government bonds and obligations
Assets
Available-for-Sale securities, at fair value	28	41
Ameriprise Financial | Recurring basis | Other securities
Assets
Available-for-Sale securities, at fair value	17	17
Ameriprise Financial | Recurring basis | Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives	48	48
Ameriprise Financial | Recurring basis | Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Liabilities embedded derivatives, net	960	649
Ameriprise Financial | Recurring basis | Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities embedded derivatives	47	47
Ameriprise Financial | Recurring basis | IUL embedded derivatives
Liabilities
Liabilities embedded derivatives	771	739
Ameriprise Financial | Recurring basis | Structured variable annuity embedded derivatives
Liabilities
Liabilities embedded derivatives, net	142	(137)
Ameriprise Financial | Recurring basis | Customer deposits - SMC embedded derivatives
Liabilities
Liabilities embedded derivatives	6	4
Ameriprise Financial | Recurring basis | Interest rate derivative contracts
Assets
Other assets: derivative contracts	336	267
Liabilities
Other liabilities: derivative contracts	327	355
Ameriprise Financial | Recurring basis | Equity derivative contracts
Assets
Other assets: derivative contracts	3,260	2,704
Liabilities
Other liabilities: derivative contracts	2,709	2,377
Ameriprise Financial | Recurring basis | Credit derivative contracts
Assets
Other assets: derivative contracts	1	13
Liabilities
Other liabilities: derivative contracts		2
Other liabilities	52
Ameriprise Financial | Recurring basis | Foreign exchange derivative contracts
Assets
Other assets: derivative contracts	37	36
Liabilities
Other liabilities: derivative contracts	4	14
Ameriprise Financial | Recurring basis | Level 1
Assets
Cash equivalents	1,421	1,268
Available-for-Sale securities, at fair value	2,136	2,079
Trading and other securities	222	211
Investments and cash equivalents segregated for regulatory purposes	694	646
Market risk benefits	0	0
Other assets: derivative contracts	151	136
Total assets at fair value	4,624	4,340
Liabilities
Market risk benefits	0	0
Other	215	205
Other liabilities	405	354
Total liabilities at fair value	405	354
Ameriprise Financial | Recurring basis | Level 1 | Corporate debt securities
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial | Recurring basis | Level 1 | Residential mortgage backed securities
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial | Recurring basis | Level 1 | Commercial mortgage backed securities
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial | Recurring basis | Level 1 | Asset backed securities
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial | Recurring basis | Level 1 | State and municipal obligations
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial | Recurring basis | Level 1 | U.S. government and agencies obligations
Assets
Available-for-Sale securities, at fair value	2,136	2,079
Ameriprise Financial | Recurring basis | Level 1 | Foreign government bonds and obligations
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial | Recurring basis | Level 1 | Other securities
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial | Recurring basis | Level 1 | Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives	0	0
Ameriprise Financial | Recurring basis | Level 1 | Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Liabilities embedded derivatives, net	0	0
Ameriprise Financial | Recurring basis | Level 1 | Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities embedded derivatives	0	0
Ameriprise Financial | Recurring basis | Level 1 | IUL embedded derivatives
Liabilities
Liabilities embedded derivatives	0	0
Ameriprise Financial | Recurring basis | Level 1 | Structured variable annuity embedded derivatives
Liabilities
Liabilities embedded derivatives, net	0	0
Ameriprise Financial | Recurring basis | Level 1 | Customer deposits - SMC embedded derivatives
Liabilities
Liabilities embedded derivatives	0	0
Ameriprise Financial | Recurring basis | Level 1 | Interest rate derivative contracts
Assets
Other assets: derivative contracts	6	7
Liabilities
Other liabilities: derivative contracts	9	4
Ameriprise Financial | Recurring basis | Level 1 | Equity derivative contracts
Assets
Other assets: derivative contracts	140	129
Liabilities
Other liabilities: derivative contracts	181	139
Ameriprise Financial | Recurring basis | Level 1 | Credit derivative contracts
Assets
Other assets: derivative contracts	0	0
Liabilities
Other liabilities: derivative contracts		0
Other liabilities	0
Ameriprise Financial | Recurring basis | Level 1 | Foreign exchange derivative contracts
Assets
Other assets: derivative contracts	5	0
Liabilities
Other liabilities: derivative contracts	0	6
Ameriprise Financial | Recurring basis | Level 2
Assets
Cash equivalents	4,446	3,835
Available-for-Sale securities, at fair value	42,302	38,321
Trading and other securities	16	16
Investments and cash equivalents segregated for regulatory purposes	0	0
Market risk benefits	0	0
Other assets: derivative contracts	3,483	2,884
Total assets at fair value	50,247	45,056
Liabilities
Market risk benefits	0	0
Other	3	5
Other liabilities	2,905	2,604
Total liabilities at fair value	2,914	2,611
Ameriprise Financial | Recurring basis | Level 2 | Corporate debt securities
Assets
Available-for-Sale securities, at fair value	10,070	9,293
Ameriprise Financial | Recurring basis | Level 2 | Residential mortgage backed securities
Assets
Available-for-Sale securities, at fair value	17,663	15,703
Ameriprise Financial | Recurring basis | Level 2 | Commercial mortgage backed securities
Assets
Available-for-Sale securities, at fair value	6,465	6,212
Ameriprise Financial | Recurring basis | Level 2 | Asset backed securities
Assets
Available-for-Sale securities, at fair value	7,239	6,258
Ameriprise Financial | Recurring basis | Level 2 | State and municipal obligations
Assets
Available-for-Sale securities, at fair value	820	797
Ameriprise Financial | Recurring basis | Level 2 | U.S. government and agencies obligations
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial | Recurring basis | Level 2 | Foreign government bonds and obligations
Assets
Available-for-Sale securities, at fair value	28	41
Ameriprise Financial | Recurring basis | Level 2 | Other securities
Assets
Available-for-Sale securities, at fair value	17	17
Ameriprise Financial | Recurring basis | Level 2 | Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives	0	0
Ameriprise Financial | Recurring basis | Level 2 | Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Liabilities embedded derivatives, net	3	3
Ameriprise Financial | Recurring basis | Level 2 | Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities embedded derivatives	3	3
Ameriprise Financial | Recurring basis | Level 2 | IUL embedded derivatives
Liabilities
Liabilities embedded derivatives	0	0
Ameriprise Financial | Recurring basis | Level 2 | Structured variable annuity embedded derivatives
Liabilities
Liabilities embedded derivatives, net	0	0
Ameriprise Financial | Recurring basis | Level 2 | Customer deposits - SMC embedded derivatives
Liabilities
Liabilities embedded derivatives	6	4
Ameriprise Financial | Recurring basis | Level 2 | Interest rate derivative contracts
Assets
Other assets: derivative contracts	330	260
Liabilities
Other liabilities: derivative contracts	318	351
Ameriprise Financial | Recurring basis | Level 2 | Equity derivative contracts
Assets
Other assets: derivative contracts	3,120	2,575
Liabilities
Other liabilities: derivative contracts	2,528	2,238
Ameriprise Financial | Recurring basis | Level 2 | Credit derivative contracts
Assets
Other assets: derivative contracts	1	13
Liabilities
Other liabilities: derivative contracts		2
Other liabilities	52
Ameriprise Financial | Recurring basis | Level 2 | Foreign exchange derivative contracts
Assets
Other assets: derivative contracts	32	36
Liabilities
Other liabilities: derivative contracts	4	8
Ameriprise Financial | Recurring basis | Level 3
Assets
Cash equivalents	0	0
Available-for-Sale securities, at fair value	445	411
Trading and other securities	0	0
Investments and cash equivalents segregated for regulatory purposes	0	0
Market risk benefits	990	1,015
Other assets: derivative contracts	0	0
Total assets at fair value	1,483	1,474
Liabilities
Market risk benefits	2,123	2,118
Other	70	62
Other liabilities	70	62
Total liabilities at fair value	3,150	2,826
Ameriprise Financial | Recurring basis | Level 3 | Corporate debt securities
Assets
Available-for-Sale securities, at fair value	440	405
Ameriprise Financial | Recurring basis | Level 3 | Residential mortgage backed securities
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial | Recurring basis | Level 3 | Commercial mortgage backed securities
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial | Recurring basis | Level 3 | Asset backed securities
Assets
Available-for-Sale securities, at fair value	5	6
Ameriprise Financial | Recurring basis | Level 3 | State and municipal obligations
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial | Recurring basis | Level 3 | U.S. government and agencies obligations
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial | Recurring basis | Level 3 | Foreign government bonds and obligations
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial | Recurring basis | Level 3 | Other securities
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial | Recurring basis | Level 3 | Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives	48	48
Ameriprise Financial | Recurring basis | Level 3 | Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Liabilities embedded derivatives, net	957	646
Ameriprise Financial | Recurring basis | Level 3 | Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities embedded derivatives	44	44
Ameriprise Financial | Recurring basis | Level 3 | IUL embedded derivatives
Liabilities
Liabilities embedded derivatives	771	739
Ameriprise Financial | Recurring basis | Level 3 | Structured variable annuity embedded derivatives
Liabilities
Liabilities embedded derivatives, net	142	(137)
Ameriprise Financial | Recurring basis | Level 3 | Customer deposits - SMC embedded derivatives
Liabilities
Liabilities embedded derivatives	0	0
Ameriprise Financial | Recurring basis | Level 3 | Interest rate derivative contracts
Assets
Other assets: derivative contracts	0	0
Liabilities
Other liabilities: derivative contracts	0	0
Ameriprise Financial | Recurring basis | Level 3 | Equity derivative contracts
Assets
Other assets: derivative contracts	0	0
Liabilities
Other liabilities: derivative contracts	0	0
Ameriprise Financial | Recurring basis | Level 3 | Credit derivative contracts
Assets
Other assets: derivative contracts	0	0
Liabilities
Other liabilities: derivative contracts		0
Other liabilities	0
Ameriprise Financial | Recurring basis | Level 3 | Foreign exchange derivative contracts
Assets
Other assets: derivative contracts	0	0
Liabilities
Other liabilities: derivative contracts	$ 0	$ 0
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Fair Values of Assets and Lia_4

Fair Values of Assets and Liabilities - Changes in Level 3 Assets (Details) - Ameriprise Financial - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Available-for-Sale securities
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	$ 411	$ 544
Total gains (losses) included in Net income		0
Total gains (losses) included in Other comprehensive income (loss)	8	(22)
Purchases	55	135
Settlements	(29)	(6)
Transfers out of Level 3		(35)
Balance, ending	445	616
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period	8	(21)
Corporate debt securities
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	405	502
Total gains (losses) included in Net income		0
Total gains (losses) included in Other comprehensive income (loss)	8	(22)
Purchases	55	23
Settlements	(28)	(6)
Transfers out of Level 3		0
Balance, ending	440	497
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period	8	(21)
Commercial mortgage backed securities
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning		35
Total gains (losses) included in Net income		0
Total gains (losses) included in Other comprehensive income (loss)		0
Purchases		112
Settlements		0
Transfers out of Level 3		(35)
Balance, ending		112
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period		0
Asset backed securities
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	6	7
Total gains (losses) included in Net income		0
Total gains (losses) included in Other comprehensive income (loss)	0	0
Purchases	0	0
Settlements	(1)	0
Transfers out of Level 3		0
Balance, ending	5	7
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period	0	0
Fixed deferred indexed annuities ceded embedded derivatives
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	48	59
Total gains (losses) included in Net income		(3)
Total gains (losses) included in Other comprehensive income (loss)	0	0
Purchases	0	0
Settlements	0	(1)
Transfers out of Level 3		0
Balance, ending	48	55
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period	$ 0	$ 0

Fair Values of Assets and Lia_5

Fair Values of Assets and Liabilities - Changes in Level 3 Liabilities (Details) - Ameriprise Financial - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
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 the fair value of embedded derivatives	$ 57	$ 33
Policyholder account balances, future policy benefits and claims embedded derivatives
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning	646	1,367
Total (gains) losses included in Net income	302	(159)
Other comprehensive income (loss)	0	0
Issues	36	4
Settlements	(27)	(32)
Balance, ending	957	1,180
Changes in unrealized (gains) losses in net income relating to liabilities held at end of period	301	(32)
Fixed deferred indexed annuities embedded derivatives
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning	44	56
Total (gains) losses included in Net income	1	(3)
Other comprehensive income (loss)	0	0
Issues	0	0
Settlements	(1)	(1)
Balance, ending	44	52
Changes in unrealized (gains) losses in net income relating to liabilities held at end of period	0	0
IUL embedded derivatives
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning	739	905
Total (gains) losses included in Net income	38	(32)
Other comprehensive income (loss)	0	0
Issues	24	0
Settlements	(30)	(25)
Balance, ending	771	848
Changes in unrealized (gains) losses in net income relating to liabilities held at end of period	38	(32)
Structured variable annuity embedded derivatives
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning	(137)	406
Total (gains) losses included in Net income	263	(124)
Other comprehensive income (loss)	0	0
Issues	12	4
Settlements	4	(6)
Balance, ending	142	280
Changes in unrealized (gains) losses in net income relating to liabilities held at end of period	263	0
Other liabilities
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning	62	61
Total (gains) losses included in Net income	0	0
Other comprehensive income (loss)	1	(1)
Issues	14	8
Settlements	(7)	(6)
Balance, ending	70	62
Changes in unrealized (gains) losses in net income relating to liabilities held at end of period	$ 0	$ 0

Fair Values of Assets and Lia_6

Fair Values of Assets and Liabilities - Significant Unobservable inputs (Details) $ in Millions	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Significant unobservable inputs used in fair value measurements
Liabilities embedded derivatives, net	$ 966	$ 653
Ameriprise Financial
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, at fair value	44,883	40,811
Ameriprise Financial | Corporate debt securities
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, at fair value	10,510	9,698
Ameriprise Financial | Asset backed securities
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, at fair value	7,244	6,264
Ameriprise Financial | Level 3 | Corporate debt securities
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, at fair value	439	404
Ameriprise Financial | Level 3 | Asset backed securities
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, at fair value	1	1
Ameriprise Financial | Level 3 | Fixed deferred indexed annuities ceded embedded derivatives
Significant unobservable inputs used in fair value measurements
Receivables: embedded derivatives	48	48
Ameriprise Financial | Level 3 | Fixed deferred indexed annuities embedded derivatives
Significant unobservable inputs used in fair value measurements
Liabilities embedded derivatives	44	44
Ameriprise Financial | Level 3 | IUL embedded derivatives
Significant unobservable inputs used in fair value measurements
Liabilities embedded derivatives	771	739
Ameriprise Financial | Level 3 | Structured variable annuity embedded derivatives
Significant unobservable inputs used in fair value measurements
Liabilities embedded derivatives, net	142	(137)
Ameriprise Financial | Level 3 | Contingent consideration liabilities
Significant unobservable inputs used in fair value measurements
Other liabilities, fair value	$ 70	$ 62
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	0.010	0.011
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	0.028	0.023
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	0.014	0.014
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	0.013
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	0.270	0.270
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		0.008
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 | Weighted Average | Annual short-term default rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs	0.013	0.008
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	0.035	0.035
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	0.270	0.270
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	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	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	0.014	0.014
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	0.0115	0.0095
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	0.668
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	0.0115	0.0095
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	0.014	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	0.0115	0.0095
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	0.0115	0.0095
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	0.0115	0.0095
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	0.024	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	0.495	0.400
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	0.0115	0.0095
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	0.028	0.009
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	0.105	0.105
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	0.029	0.033

Fair Values of Assets and Lia_7

Fair Values of Assets and Liabilities - Non-Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
VIEs, not primary beneficiary | Affordable Housing Partnerships | Nonrecurring basis | Level 3
Assets and liabilities measured at fair value
Investment balance	$ 54	$ 58

Fair Values of Assets and Lia_8

Fair Values of Assets and Liabilities - Financial Instruments Not Reported at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022		Dec. 31, 2021
Financial Liabilities
Separate account liabilities - investment contracts	$ 75,941	$ 73,962	[1]	$ 97,491
Ameriprise Financial
Financial Assets
Mortgage loans, net	1,997	1,987
Policy loans	861	847
Ameriprise Financial | Carrying Value
Financial Assets
Mortgage loans, net	1,997	1,987
Policy loans	861	847
Receivables	9,985	10,287
Restricted and segregated cash	1,290	1,583
Other investments and assets	350	375
Financial Liabilities
Policyholder account balances, future policy benefits and claims	14,828	14,450
Investment certificate reserves	11,096	9,310
Banking and brokerage deposits	22,862	21,474
Debt and other liabilities	3,964	3,242
Ameriprise Financial | Carrying Value | Investment contracts
Financial Liabilities
Separate account liabilities - investment contracts	3,411	3,383
Ameriprise Financial | Fair Value
Financial Assets
Mortgage loans, net	1,837	1,800
Policy loans	861	847
Receivables	8,822	8,937
Restricted and segregated cash	1,290	1,583
Other investments and assets	349	374
Financial Liabilities
Policyholder account balances, future policy benefits and claims	13,014	12,470
Investment certificate reserves	11,033	9,253
Banking and brokerage deposits	22,862	21,474
Debt and other liabilities	3,878	3,150
Ameriprise Financial | Fair Value | Investment contracts
Financial Liabilities
Separate account liabilities - investment contracts	3,411	3,383
Ameriprise Financial | Level 1 | Fair Value
Financial Assets
Mortgage loans, net	0	0
Policy loans	0	0
Receivables	162	199
Restricted and segregated cash	1,290	1,583
Other investments and assets	0	0
Financial Liabilities
Policyholder account balances, future policy benefits and claims	0	0
Investment certificate reserves	0	0
Banking and brokerage deposits	22,862	21,474
Debt and other liabilities	208	234
Ameriprise Financial | Level 1 | Fair Value | Investment contracts
Financial Liabilities
Separate account liabilities - investment contracts	0	0
Ameriprise Financial | Level 2 | Fair Value
Financial Assets
Mortgage loans, net	137	105
Policy loans	861	847
Receivables	1,657	1,742
Restricted and segregated cash	0	0
Other investments and assets	303	323
Financial Liabilities
Policyholder account balances, future policy benefits and claims	0	0
Investment certificate reserves	0	0
Banking and brokerage deposits	0	0
Debt and other liabilities	3,663	2,909
Ameriprise Financial | Level 2 | Fair Value | Investment contracts
Financial Liabilities
Separate account liabilities - investment contracts	3,411	3,383
Ameriprise Financial | Level 3 | Fair Value
Financial Assets
Mortgage loans, net	1,700	1,695
Policy loans	0	0
Receivables	7,003	6,996
Restricted and segregated cash	0	0
Other investments and assets	46	51
Financial Liabilities
Policyholder account balances, future policy benefits and claims	13,014	12,470
Investment certificate reserves	11,033	9,253
Banking and brokerage deposits	0	0
Debt and other liabilities	7	7
Ameriprise Financial | Level 3 | Fair Value | Investment contracts
Financial Liabilities
Separate account liabilities - investment contracts	$ 0	$ 0
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Offsetting Assets and Liabili_3

Offsetting Assets and Liabilities - Assets (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Derivatives:
Gross Amounts of Recognized Assets	$ 3,634	$ 3,020
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Assets Presented in the Consolidated Balance Sheets	3,634	3,020
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(2,852)	(2,406)
Cash Collateral	(608)	(568)
Securities Collateral	(77)	(5)
Net Amount	97	41
Securities borrowed
Gross Amounts of Recognized Assets	162	199
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Assets Presented in the Consolidated Balance Sheets	162	199
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(65)	(31)
Cash Collateral	0	0
Securities Collateral	(97)	(164)
Net Amount	0	4
Total
Gross Amounts of Recognized Assets	3,796	3,219
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Assets Presented in the Consolidated Balance Sheets	3,796	3,219
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(2,917)	(2,437)
Cash Collateral	(608)	(568)
Securities Collateral	(174)	(169)
Net Amount	97	45
OTC
Derivatives:
Gross Amounts of Recognized Assets	3,436	2,900
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Assets Presented in the Consolidated Balance Sheets	3,436	2,900
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(2,715)	(2,322)
Cash Collateral	(608)	(568)
Securities Collateral	(77)	(5)
Net Amount	36	5
OTC cleared
Derivatives:
Gross Amounts of Recognized Assets	105	23
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Assets Presented in the Consolidated Balance Sheets	105	23
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(47)	(9)
Cash Collateral	0	0
Securities Collateral	0	0
Net Amount	58	14
Exchange-traded
Derivatives:
Gross Amounts of Recognized Assets	93	97
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Assets Presented in the Consolidated Balance Sheets	93	97
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(90)	(75)
Cash Collateral	0	0
Securities Collateral	0	0
Net Amount	$ 3	$ 22

Offsetting Assets and Liabili_4

Offsetting Assets and Liabilities - Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Derivatives:
Gross Amounts of Recognized Liabilities	$ 3,092	$ 2,748
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Liabilities Presented in the Consolidated Balance Sheets	3,092	2,748
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(2,852)	(2,406)
Cash Collateral	(54)	(43)
Securities Collateral	(137)	(294)
Net Amount	49	5
Securities loaned
Gross Amounts of Recognized Liabilities	208	235
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Liabilities Presented in the Consolidated Balance Sheets	208	235
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(65)	(31)
Cash Collateral	0	0
Securities Collateral	(140)	(197)
Net Amount	3	7
Total
Gross Amounts of Recognized Liabilities	3,300	2,983
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Liabilities Presented in the Consolidated Balance Sheets	3,300	2,983
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(2,917)	(2,437)
Cash Collateral	(54)	(43)
Securities Collateral	(277)	(491)
Net Amount	52	12
OTC
Derivatives:
Gross Amounts of Recognized Liabilities	2,909	2,646
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Liabilities Presented in the Consolidated Balance Sheets	2,909	2,646
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(2,715)	(2,322)
Cash Collateral	(54)	(43)
Securities Collateral	(133)	(277)
Net Amount	7	4
OTC cleared
Derivatives:
Gross Amounts of Recognized Liabilities	47	9
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Liabilities Presented in the Consolidated Balance Sheets	47	9
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(47)	(9)
Cash Collateral	0	0
Securities Collateral	0	0
Net Amount	0	0
Exchange-traded
Derivatives:
Gross Amounts of Recognized Liabilities	136	93
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Liabilities Presented in the Consolidated Balance Sheets	136	93
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(90)	(75)
Cash Collateral	0	0
Securities Collateral	(4)	(17)
Net Amount	$ 42	$ 1

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Notional Value and Gross Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Derivatives and Hedging Activities
Notional	$ 172,114	$ 174,919
Gross Fair Value Assets, freestanding derivatives	3,634	3,020
Gross Fair Value Liabilities, freestanding derivatives	3,092	2,748
Fair Value, embedded derivatives, net	966	653
Total Gross Fair Value, derivative assets	3,682	3,068
Total Gross Fair Value, derivative liabilities	4,058	3,401
Fair value of investment securities received as collateral	77	14
Fair value of investment securities received as collateral that can be repledged	77	5
Fair value of investment securities received as collateral that were repledged	0	0
Receivables
Derivatives and Hedging Activities
Gross Fair Value Assets, embedded derivatives	48	48
IUL embedded derivatives | Policyholder account balances, future policy benefits and claims
Derivatives and Hedging Activities
Gross Fair Value Assets, embedded derivatives	0	0
Gross Fair Value Liabilities, embedded derivatives	771	739
Fixed deferred indexed annuities and deposit receivables | Receivables
Derivatives and Hedging Activities
Gross Fair Value Assets, embedded derivatives	48	48
Fixed deferred indexed annuities and deposit receivables | Policyholder account balances, future policy benefits and claims
Derivatives and Hedging Activities
Gross Fair Value Liabilities, embedded derivatives	47	47
Structured variable annuities
Derivatives and Hedging Activities
Gross Fair Value Assets, embedded derivatives	195	331
Gross Fair Value Liabilities, embedded derivatives	337	194
Structured variable annuities | Policyholder account balances, future policy benefits and claims
Derivatives and Hedging Activities
Fair Value, embedded derivatives, net	142	(137)
SMC embedded derivatives | Customer deposits
Derivatives and Hedging Activities
Gross Fair Value Assets, embedded derivatives	0	0
Gross Fair Value Liabilities, embedded derivatives	6	4
Designated as hedging instruments
Derivatives and Hedging Activities
Notional	66	91
Designated as hedging instruments | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	0	0
Designated as hedging instruments | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	1	1
Designated as hedging instruments | Equity contracts
Derivatives and Hedging Activities
Notional	4	6
Designated as hedging instruments | Equity contracts | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	0	0
Designated as hedging instruments | Equity contracts | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	1	1
Designated as hedging instruments | Foreign exchange contracts
Derivatives and Hedging Activities
Notional	62	85
Designated as hedging instruments | Foreign exchange contracts | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	0	0
Designated as hedging instruments | Foreign exchange contracts | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	0	0
Not designated as hedging instruments
Derivatives and Hedging Activities
Notional	172,048	174,828
Not designated as hedging instruments | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	3,634	3,020
Not designated as hedging instruments | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	3,091	2,747
Not designated as hedging instruments | Interest rate contracts
Derivatives and Hedging Activities
Notional	89,172	101,307
Not designated as hedging instruments | Interest rate contracts | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	336	267
Not designated as hedging instruments | Interest rate contracts | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	327	355
Not designated as hedging instruments | Equity contracts
Derivatives and Hedging Activities
Notional	76,747	68,493
Not designated as hedging instruments | Equity contracts | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	3,260	2,704
Not designated as hedging instruments | Equity contracts | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	2,708	2,376
Not designated as hedging instruments | Credit contracts
Derivatives and Hedging Activities
Notional	2,868	1,857
Not designated as hedging instruments | Credit contracts | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	1	13
Not designated as hedging instruments | Credit contracts | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	52	2
Not designated as hedging instruments | Foreign exchange contracts
Derivatives and Hedging Activities
Notional	3,261	3,171
Not designated as hedging instruments | Foreign exchange contracts | Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	37	36
Not designated as hedging instruments | Foreign exchange contracts | Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	$ 4	$ 14

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Derivatives Not Designated as Hedges Impact (Details) - Not designated as hedging instruments - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net Investment Income
Impact of derivatives not designated as hedging instruments
Total gain (loss)	$ (1)	$ 7
Net Investment Income | Interest rate contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Net Investment Income | Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(1)	8
Net Investment Income | Credit contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Net Investment Income | Foreign exchange contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	(1)
Net Investment Income | IUL embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Net Investment Income | Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Net Investment Income | Structured variable annuity embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Net Investment Income | SMC embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0
Banking and Deposit Interest Expense
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(1)	0
Banking and Deposit Interest Expense | Interest rate contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Banking and Deposit Interest Expense | Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	1	0
Banking and Deposit Interest Expense | Credit contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Banking and Deposit Interest Expense | Foreign exchange contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Banking and Deposit Interest Expense | IUL embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Banking and Deposit Interest Expense | Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Banking and Deposit Interest Expense | Structured variable annuity embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Banking and Deposit Interest Expense | SMC embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(2)
Distribution Expenses
Impact of derivatives not designated as hedging instruments
Total gain (loss)	44	(62)
Distribution Expenses | Interest rate contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Distribution Expenses | Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	43	(61)
Distribution Expenses | Credit contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	1	(1)
Distribution Expenses | Foreign exchange contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Distribution Expenses | IUL embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Distribution Expenses | Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Distribution Expenses | Structured variable annuity embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Distribution Expenses | SMC embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0
Interest Credited to Fixed Accounts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	10	42
Interest Credited to Fixed Accounts | Interest rate contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Interest Credited to Fixed Accounts | Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	19	(16)
Interest Credited to Fixed Accounts | Credit contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Interest Credited to Fixed Accounts | Foreign exchange contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Interest Credited to Fixed Accounts | IUL embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(8)	57
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)	(1)	1
Interest Credited to Fixed Accounts | Structured variable annuity embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Interest Credited to Fixed Accounts | SMC embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0
Benefits, Claims, Losses and Settlement Expenses
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(93)	131
Benefits, Claims, Losses and Settlement Expenses | Interest rate contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	6	0
Benefits, Claims, Losses and Settlement Expenses | Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	164	8
Benefits, Claims, Losses and Settlement Expenses | Credit contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Benefits, Claims, Losses and Settlement Expenses | Foreign exchange contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Benefits, Claims, Losses and Settlement Expenses | IUL embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Benefits, Claims, Losses and Settlement Expenses | Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Benefits, Claims, Losses and Settlement Expenses | Structured variable annuity embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(263)	123
Benefits, Claims, Losses and Settlement Expenses | SMC embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0
Change in Fair Value of Market Risk Benefits
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(256)	(774)
Change in Fair Value of Market Risk Benefits | Interest rate contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	247	(1,118)
Change in Fair Value of Market Risk Benefits | Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(462)	216
Change in Fair Value of Market Risk Benefits | Credit contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(33)	97
Change in Fair Value of Market Risk Benefits | Foreign exchange contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(8)	31
Change in Fair Value of Market Risk Benefits | IUL embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Change in Fair Value of Market Risk Benefits | Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Change in Fair Value of Market Risk Benefits | Structured variable annuity embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Change in Fair Value of Market Risk Benefits | SMC embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0
General and administrative expense
Impact of derivatives not designated as hedging instruments
Total gain (loss)	6	(7)
General and administrative expense | Interest rate contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
General and administrative expense | Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	3	(7)
General and administrative expense | Credit contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
General and administrative expense | Foreign exchange contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	3	0
General and administrative expense | IUL embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
General and administrative expense | Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
General and administrative expense | Structured variable annuity embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	$ 0
General and administrative expense | SMC embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	$ 0

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Deferred Premium, Options and Swaptions (Details) - Options and swaptions $ in Millions	Mar. 31, 2023 USD ($)
Premiums Payable
2023	$ 29
2024	132
2025	121
2026	248
2027	20
2028 - 2030	220
Total	770
Premiums Receivable
2023	19
2024	23
2025	21
2026	88
2027	0
2028 - 2030	0
Total	$ 151

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities - Hedges and Credit Risk (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Cash Flow Hedges
Longest period of time over which the entity hedges exposure to the variability in future cash flows	13 years
Net Investment Hedges
Gain (loss) on net investment hedges recognized in OCI	$ (2)	$ 4
Credit Risk
Aggregate fair value of derivative contracts in net liability position containing credit contingent provisions	146		$ 240
Aggregate fair value of assets posted as collateral	145		236
Aggregate fair value of additional assets required to be posted or needed to settle	1		$ 4
Interest and debt expense
Cash Flow Hedges
Gain (loss) related to cash flow hedges in AOCI that will be reclassified to earnings within next twelve months	0.8
General and administrative expense
Cash Flow Hedges
Gain (loss) related to cash flow hedges in AOCI that will be reclassified to earnings within next twelve months	$ (0.6)

Shareholders' Equity - OCI Comp

Shareholders' Equity - OCI Components (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Pretax
Total other comprehensive income (loss)	$ 717	$ (774)
Income Tax Benefit (Expense)
Total other comprehensive income (loss)	(156)	174
Net of Tax
Arising during the period	563	(584)
Reclassification to net income	(2)	(16)
Total other comprehensive income (loss), net of tax	561	(600)	[1]
Net unrealized gains (losses) on securities
Pretax
Total other comprehensive income (loss)	551	(1,562)
Income Tax Benefit (Expense)
Total other comprehensive income (loss)	(121)	342
Net of Tax
Arising during the period	432	(1,204)
Reclassification to net income	(2)	(16)
Total other comprehensive income (loss), net of tax	430	(1,220)
Net unrealized gains (losses) on securities arising during the period
Pretax
Arising during the period	566	(1,592)
Income Tax Benefit (Expense)
Arising during the period	(124)	347
Net of Tax
Arising during the period	442	(1,245)
Reclassification of net (gains) losses on securities included in net income
Pretax
Reclassification to net income	(3)	(20)
Income Tax Benefit (Expense)
Reclassification to net income	1	4
Net of Tax
Reclassification to net income	(2)	(16)
Impact of benefit reserves and reinsurance recoverables
Pretax
Arising during the period	(12)	50
Income Tax Benefit (Expense)
Arising during the period	2	(9)
Net of Tax
Arising during the period	(10)	41
Net unrealized gains (losses) on derivatives
Pretax
Arising during the period	3	1
Total other comprehensive income (loss)	3	1
Income Tax Benefit (Expense)
Arising during the period	(1)	0
Total other comprehensive income (loss)	(1)	0
Net of Tax
Arising during the period	2	1
Reclassification to net income	0	0
Total other comprehensive income (loss), net of tax	2	1
Effect of changes in discount rate assumptions on certain long-duration contracts
Pretax
Total other comprehensive income (loss)	(83)	460
Income Tax Benefit (Expense)
Total other comprehensive income (loss)	18	(98)
Net of Tax
Arising during the period	(65)	362
Reclassification to net income	0	0
Total other comprehensive income (loss), net of tax	(65)	362
Effect of changes in instrument-specific credit risk on MRBs
Pretax
Total other comprehensive income (loss)	204	385
Income Tax Benefit (Expense)
Total other comprehensive income (loss)	(43)	(82)
Net of Tax
Arising during the period	161	303
Reclassification to net income	0	0
Total other comprehensive income (loss), net of tax	161	303
Foreign currency translation
Pretax
Total other comprehensive income (loss)	42	(58)
Income Tax Benefit (Expense)
Total other comprehensive income (loss)	(9)	12
Net of Tax
Arising during the period	33	(46)
Reclassification to net income	0	0
Total other comprehensive income (loss), net of tax	$ 33	$ (46)
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Shareholder's Equity - Changes

Shareholder's Equity - Changes in AOCI Components (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023		Mar. 31, 2022
Changes in balances of each component of AOCI, net of tax
Beginning balance	$ 3,803	[1]	$ 4,837	[2]
OCI before reclassifications	563		(584)
Amounts reclassified from AOCI	(2)		(16)
Total other comprehensive income (loss), net of tax	561		(600)	[3]
Ending balance	4,144		4,524
Total AOCI
Changes in balances of each component of AOCI, net of tax
Beginning balance	(2,546)		(642)	[2]
Total other comprehensive income (loss), net of tax	561		(600)
Ending balance	(1,985)		(1,242)
Net unrealized gains (losses) on securities
Changes in balances of each component of AOCI, net of tax
Beginning balance	(2,043)		1,033
OCI before reclassifications	432		(1,204)
Amounts reclassified from AOCI	(2)		(16)
Total other comprehensive income (loss), net of tax	430		(1,220)
Ending balance	(1,613)		(187)
Net unrealized gains (losses) on derivatives
Changes in balances of each component of AOCI, net of tax
Beginning balance	3		4
OCI before reclassifications	2		1
Amounts reclassified from AOCI	0		0
Total other comprehensive income (loss), net of tax	2		1
Ending balance	5		5
Effect of changes in discount rate assumptions on certain long-duration contracts
Changes in balances of each component of AOCI, net of tax
Beginning balance	(72)		(933)
OCI before reclassifications	(65)		362
Amounts reclassified from AOCI	0		0
Total other comprehensive income (loss), net of tax	(65)		362
Ending balance	(137)		(571)
Effect of changes in instrument-specific credit risk on MRBs
Changes in balances of each component of AOCI, net of tax
Beginning balance	(20)		(427)
OCI before reclassifications	161		303
Amounts reclassified from AOCI	0		0
Total other comprehensive income (loss), net of tax	161		303
Ending balance	141		(124)
Defined benefit plans
Changes in balances of each component of AOCI, net of tax
Beginning balance	(75)		(151)
OCI before reclassifications	0		0
Amounts reclassified from AOCI	0		0
Total other comprehensive income (loss), net of tax	0		0
Ending balance	(75)		(151)
Foreign currency translation
Changes in balances of each component of AOCI, net of tax
Beginning balance	(338)		(167)
OCI before reclassifications	33		(46)
Amounts reclassified from AOCI	0		0
Total other comprehensive income (loss), net of tax	33		(46)
Ending balance	(305)		(213)
Other
Changes in balances of each component of AOCI, net of tax
Beginning balance	(1)		(1)
OCI before reclassifications	0		0
Amounts reclassified from AOCI	0		0
Total other comprehensive income (loss), net of tax	0		0
Ending balance	$ (1)		$ (1)
[1]Certain prior period amounts have been restated. See Note 3 for more information.[2]Certain prior period amounts have been restated. See Note 3 for more information.[3]Certain prior period amounts have been restated. See Note 3 for more information.

Shareholders' Equity - Shares R

Shareholders' Equity - Shares Repurchased and Reissued (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Jan. 31, 2022
Equity, Class of Treasury Stock [Line Items]
Repurchase of common shares	$ 657	$ 579
Stock repurchase program, authorized amount			$ 3,000
Remaining balance under stock repurchase program	$ 1,100
Reissuance of treasury stock (in shares)	0.6	0.5
Common Stock Repurchases
Equity, Class of Treasury Stock [Line Items]
Repurchase of common shares (in shares)	1.6	1.4
Repurchase of common shares	$ 506	$ 429
Restricted Stock Units Repurchases
Equity, Class of Treasury Stock [Line Items]
Repurchase of common shares (in shares)	0.3	0.3
Repurchase of common shares	$ 87	$ 89
Option Repurchases
Equity, Class of Treasury Stock [Line Items]
Repurchase of common shares (in shares)	0.2	0.2
Repurchase of common shares	$ 63	$ 62

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Income taxes
Effective tax rate on income from continuing operations (as a percent)	15.90%	18%
Valuation allowance, deferred tax assets	$ 65		$ 65
Gross unrecognized tax benefits	143		138
Unrecognized tax benefits, net of federal tax benefits, that would affect the effective tax rate if recognized	110		106
Amount of decrease in unrecognized tax benefits reasonably possible within next 12 months	48
Increase (decrease) in interest and penalties	1	$ 1
Payable related to accrued interest and penalties	15		$ 14
State net operating losses
Income taxes
Valuation allowance, deferred tax assets	29
State deferred tax assets
Income taxes
Valuation allowance, deferred tax assets	2
Foreign net operating losses
Income taxes
Valuation allowance, deferred tax assets	34
State
Income taxes
Deferred tax assets, loss carryforwards	30
Foreign
Income taxes
Deferred tax assets, loss carryforwards	$ 34

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Estimated liability related to guaranty fund assessments	$ 37	$ 12
Related premium tax asset	$ 31	$ 10

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended				12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022		Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Numerator:
Net income, basic	$ 417	$ 825
Net income, diluted	$ 417	$ 825
Denominator:
Basic: Weighted-average common shares outstanding (in shares)	107.9	113.7
Effect of potentially dilutive nonqualified stock options and other share-based awards (in shares)	2.1	2.5
Diluted: Weighted-average common shares outstanding (in shares)	110	116.2
Earnings per share:
Basic (in dollars per share)	$ 3.86	$ 7.26	[1]	$ 11.98	$ 28.29	$ 29.13
Diluted (in dollars per share)	$ 3.79	$ 7.10	[1]	$ 11.74	$ 27.70	$ 28.48
Options excluded from earnings per share calculation due to their anti-dilutive effect (in shares)	0.3	0.2
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Segment Information - Reportabl

Segment Information - Reportable Segments and Total Assets (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)		Dec. 31, 2021 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment	4
Summary of assets by segment
Total assets	$ 166,640	$ 158,852	[1]	$ 177,735
Advice & Wealth Management
Summary of assets by segment
Total assets	39,099	35,132
Asset Management
Summary of assets by segment
Total assets	7,768	7,967
Retirement & Protection Solutions
Summary of assets by segment
Total assets	102,337	98,901
Corporate & Other
Summary of assets by segment
Total assets	$ 17,436	$ 16,852
[1]Certain prior period amounts have been restated. See Note 3 for more information.

Segment Information - Net reven

Segment Information - Net revenues and Operating Earnings (Details) - USD ($) $ in Millions	3 Months Ended				12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022		Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Net revenues
Total net revenues	$ 3,742	$ 3,625	[1]	$ 3,341	$ 14,258	$ 13,377
Operating earnings
Pretax income (loss)	496	1,006	[1]	$ 1,760	$ 3,931	$ 4,185
Advice & Wealth Management
Net revenues
Total net revenues	2,064	1,814
Asset Management
Net revenues
Total net revenues	782	1,005
Retirement & Protection Solutions
Net revenues
Total net revenues	722	656
Corporate & Other
Net revenues
Total net revenues	130	116
Reportable segments
Net revenues
Total net revenues	4,014	3,943
Operating earnings
Pretax income (loss)	978	818
Reportable segments | Advice & Wealth Management
Net revenues
Total net revenues	2,265	2,042
Operating earnings
Pretax income (loss)	693	440
Reportable segments | Asset Management
Net revenues
Total net revenues	799	1,017
Operating earnings
Pretax income (loss)	165	285
Reportable segments | Retirement & Protection Solutions
Net revenues
Total net revenues	824	768
Operating earnings
Pretax income (loss)	194	175
Reportable segments | Corporate & Other
Net revenues
Total net revenues	126	116
Operating earnings
Pretax income (loss)	(74)	(82)
Intersegment eliminations
Net revenues
Total net revenues	(316)	(352)
Intersegment eliminations | Advice & Wealth Management
Net revenues
Total net revenues	(201)	(228)
Intersegment eliminations | Asset Management
Net revenues
Total net revenues	(17)	(12)
Intersegment eliminations | Retirement & Protection Solutions
Net revenues
Total net revenues	(102)	(112)
Intersegment eliminations | Corporate & Other
Net revenues
Total net revenues	4	0
Segment reconciling items
Net revenues
Total net revenues	44	34
Segment reconciling items | Net realized gains (losses)
Net revenues
Total net revenues	3	16
Operating earnings
Pretax income (loss)	3	16
Segment reconciling items | Market impact on non-traditional long-duration products, net
Net revenues
Total net revenues	0	1
Operating earnings
Pretax income (loss)	(475)	180
Segment reconciling items | Integration and restructuring charges
Operating earnings
Pretax income (loss)	(10)	(10)
Total Segments after intersegment eliminations | Reportable segments
Net revenues
Total net revenues	3,698	3,591
Consolidated investment entities | Segment reconciling items
Net revenues
Total net revenues	41	17
Operating earnings
Pretax income (loss)	$ 0	$ 2
[1]Certain prior period amounts have been restated. See Note 3 for more information.