Ameriprise Financial (AMP) 10-K 24 Feb 10 2009 FY Annual report Financial data

Consolidated Statements of Oper

Consolidated Statements of Operations (USD $)
In Millions, except Per Share data	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008		12 Months Ended Dec. 31, 2007
Revenues
Management and financial advice fees	$2,704	$2,899		$3,238
Distribution fees	1,420	1,565		1,762
Net investment income	2,002	817		2,014
Premiums	1,098	1,048		1,017
Other revenues	722	766		724
Total revenues	7,946	7,095		8,755
Banking and deposit interest expense	141	179		249
Total net revenues	7,805	6,916		8,506
Expenses
Distribution expenses	1,782	1,912		2,011
Interest credited to fixed accounts	903	790		847
Benefits, claims, losses and settlement expenses	1,342	1,125		1,179
Amortization of deferred acquisition costs	217	933		551
Interest and debt expense	127	109		112
Separation costs				236
General and administrative expense	2,514	2,472		2,562
Total expenses	6,885	7,341		7,498
Pretax income (loss)	920	(425)		1,008
Income tax provision (benefit)	183	(333)		202
Net income (loss)	737	(92)		806
Less: Net income (loss) attributable to noncontrolling interests	15	(54)		(8)
Net income (loss) attributable to Ameriprise Financial	722	(38)		814
Earnings (loss) per share attributable to Ameriprise Financial common shareholders
Basic (in dollars per share)	2.98	-0.17		3.45
Diluted (in dollars per share)	2.95	-0.17	[1]	3.39
Weighted average common shares outstanding
Basic (in shares)	242.2	222.3		236.2
Diluted (in shares)	244.4	224.9		239.9
Cash dividends paid per common share (in dollars per share)	0.68	0.64		0.56
Net investment income:
Net investment income before impairment losses on securities	2,095
Total other-than-temporary impairment losses on securities	(83)
Portion of loss recognized in other comprehensive income	(10)
Net impairment losses recognized in net investment income	(93)
Net investment income	$2,002	$817		$2,014
[1]Diluted shares used in this calculation represent basic shares due to the net loss. Using actual diluted shares would result in anti-dilution.

Consolidated Balance Sheets

Consolidated Balance Sheets (USD $)
In Millions	Dec. 31, 2009	Dec. 31, 2008
Assets
Cash and cash equivalents	$3,097	$6,228
Investments	36,974	27,522
Separate account assets	58,129	44,746
Receivables	4,435	3,887
Deferred acquisition costs	4,334	4,383
Restricted and segregated cash	1,633	1,883
Other assets	5,172	6,928
Total assets	113,774	95,577
Liabilities:
Future policy benefits and claims	30,886	29,293
Separate account liabilities	58,129	44,746
Customer deposits	8,554	8,229
Debt	2,249	2,027
Accounts payable and accrued expenses	918	887
Other liabilities	3,162	3,928
Total liabilities	103,898	89,110
Ameriprise Financial:
Common shares ($.01 par value; shares authorized, 1,250,000,000; shares issued, 295,839,581 and 256,432,623, respectively)	3	3
Additional paid-in capital	5,748	4,688
Retained earnings	5,282	4,592
Treasury shares, at cost (40,744,090 and 39,921,924 shares, respectively)	(2,023)	(2,012)
Accumulated other comprehensive income (loss), net of tax:	263	(1,093)
Total Ameriprise Financial shareholders' equity	9,273	6,178
Noncontrolling interests	603	289
Total equity	9,876	6,467
Total liabilities and equity	$113,774	$95,577

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) (USD $)
	Dec. 31, 2009	Dec. 31, 2008
Consolidated Balance Sheets
Common shares, par value (in dollars per share)	0.01	0.01
Common shares, shares authorized	1,250,000,000	1,250,000,000
Common shares, shares issued	295,839,581	256,432,623
Treasury shares, shares	40,744,090	39,921,924

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Cash Flows from Operating Activities
Net income (loss)	$737	($92)	$806
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Capitalization of deferred acquisition and sales inducement costs	(702)	(731)	(890)
Amortization of deferred acquisition and sales inducement costs	227	1,054	604
Depreciation, amortization and accretion, net	120	267	285
Deferred income tax (benefit) expense	(25)	(409)	25
Share-based compensation	182	148	143
Net realized investment gains	(163)	(5)	(49)
Other-than-temporary impairments and provision for loan losses	132	793	(13)
Changes in operating assets and liabilities:
Segregated cash	534	(419)	63
Trading securities and equity method investments, net	(18)	(20)	18
Future policy benefits and claims, net	105	466	84
Receivables	(126)	(200)	(288)
Brokerage deposits	(94)	278	(76)
Accounts payable and accrued expenses	26	(507)	(12)
Derivatives collateral, net	(1,914)	1,583	(106)
Other, net	(279)	(281)	172
Net cash (used in) provided by operating activities	(1,258)	1,925	766
Available-for-Sale securities:
Proceeds from sales	5,630	426	3,662
Maturities, sinking fund payments and calls	5,855	3,911	2,887
Purchases	(17,815)	(3,603)	(1,684)
Proceeds from sales and maturities of commercial mortgage loans	294	319	492
Funding of commercial mortgage loans	(104)	(109)	(510)
Proceeds from sale of AMEX Assurance			115
Proceeds from sales of other investments	75	52	123
Purchase of other investments	(14)	(353)	(61)
Purchase of land, buildings, equipment and software	(83)	(125)	(306)
Change in policy loans, net	7	(25)	(47)
Change in restricted cash	(60)	155	(153)
Acquisitions, net of cash received		(563)
Change in consumer banking loans and credit card receivables, net	(218)	(103)	91
Other, net		33	19
Net cash (used in) provided by investing activities	(6,433)	15	4,628
Investment certificates and banking time deposits:
Proceeds from additions	2,411	2,742	831
Maturities, withdrawals and cash surrenders	(3,177)	(1,591)	(1,777)
Change in other banking deposits	1,187	(1)	519
Policyholder and contractholder account values:
Consideration received	4,863	2,913	1,093
Net transfers from (to) separate accounts	195	91	(50)
Surrenders and other benefits	(1,923)	(2,931)	(3,838)
Deferred premium options, net	(82)	(77)	(8)
Issuance of common stock, net of issuance costs	869
Issuance of debt, net of issuance costs	491
Issuances of debt of consolidated property funds	234	81
Repayments of debt	(550)	(55)	(54)
Dividends paid to shareholders	(164)	(143)	(133)
Repurchase of common shares	(11)	(638)	(989)
Exercise of stock options	6	9	37
Excess tax benefits from share-based compensation	12	29	37
Noncontrolling interests investments in subsidiaries	231	118	5
Distributions to noncontrolling interests	(45)	(41)	(47)
Other, net	(2)		51
Net cash provided by (used in) financing activities	4,545	506	(4,323)
Effect of exchange rate changes on cash	15	(54)	5
Net (decrease) increase in cash and cash equivalents	(3,131)	2,392	1,076
Cash and cash equivalents at beginning of year	6,228	3,836	2,760
Cash and cash equivalents at end of year	3,097	6,228	3,836
Supplemental Disclosures:
Interest paid on debt	145	123	140
Income taxes paid, net	$98	$185	$55

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (USD $)
In Millions, except Share data	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Non-controlling Interests	Total
Balances at Dec. 31, 2006	$3	$4,353	$4,268	($490)	($209)	$431	$8,356
Number of outstanding shares, beginning balance at Dec. 31, 2006	241,391,431
Statement of Equity
Change in accounting principles, net of tax			(138)				(138)
Comprehensive income (loss):
Net income (loss)			814			(8)	806
Other comprehensive income (loss), net:
Change in net unrealized securities losses					19		19
Change in net unrealized derivatives losses					(5)		(5)
Change in defined benefit plans					29		29
Foreign currency translation adjustment					(1)	6	5
Total comprehensive income (loss)							854
Dividends paid to shareholders			(133)				(133)
Noncontrolling interests investments in subsidiaries						5	5
Distributions to noncontrolling interests						(47)	(47)
Repurchase of common shares				(977)			(977)
Repurchase of common shares, shares	(16,659,635)
Share-based compensation plans		223					223
Share-based compensation plans, shares	3,016,047
Other, net		54				(9)	45
Balances at Dec. 31, 2007	3	4,630	4,811	(1,467)	(167)	378	8,188
Number of outstanding shares, ending balance at Dec. 31, 2007	227,747,843
Statement of Equity
Change in accounting principles, net of tax			(35)				(35)
Comprehensive income (loss):
Net income (loss)			(38)			(54)	(92)
Other comprehensive income (loss), net:
Change in net unrealized securities losses					(793)		(793)
Change in net unrealized derivatives losses					(2)		(2)
Change in defined benefit plans					(65)		(65)
Foreign currency translation adjustment					(66)	(112)	(178)
Total comprehensive income (loss)							(1,130)
Dividends paid to shareholders			(143)				(143)
Noncontrolling interests investments in subsidiaries						118	118
Distributions to noncontrolling interests						(41)	(41)
Repurchase of common shares				(638)			(638)
Repurchase of common shares, shares	(13,524,349)
Share-based compensation plans		58	(3)	93			148
Share-based compensation plans, shares	2,287,205
Balances at Dec. 31, 2008	3	4,688	4,592	(2,012)	(1,093)	289	6,467
Number of outstanding shares, ending balance at Dec. 31, 2008	216,510,699
Statement of Equity
Change in accounting principles, net of tax			132		(132)
Comprehensive income (loss):
Net income (loss)			722			15	737
Other comprehensive income (loss), net:
Change in net unrealized securities losses					1,354		1,354
Change in noncredit related impairments on securities and net unrealized securities losses on previously impaired securities					49		49
Change in net unrealized derivatives losses					11		11
Change in defined benefit plans					19		19
Foreign currency translation adjustment					55	22	77
Total comprehensive income (loss)							2,247
Issuance of common stock		869					869
Issuance of common stock, shares	36,000,000
Dividends paid to shareholders			(164)				(164)
Noncontrolling interests investments in subsidiaries						322	322
Distributions to noncontrolling interests						(45)	(45)
Repurchase of common shares				(11)			(11)
Repurchase of common shares, shares	(822,166)
Share-based compensation plans		191					191
Share-based compensation plans, shares	3,406,958
Balances at Dec. 31, 2009	$3	$5,748	$5,282	($2,023)	$263	$603	$9,876
Number of outstanding shares, ending balance at Dec. 31, 2009	255,095,491

Basis of Presentation

Basis of Presentation
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Basis of Presentation	1.Basis of Presentation Ameriprise Financial, Inc. is a holding company, which primarily conducts business through its subsidiaries to provide financial planning and 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 Company's foreign operations in the United Kingdom are conducted through its subsidiary, Threadneedle Asset Management Holdings Srl ("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, variable interest entities ("VIEs") in which it is the primary beneficiary and certain limited partnerships for which it is the general partner (collectively, the "Company"). Noncontrolling interests are the ownership interests in subsidiaries not attributable, directly or indirectly, to Ameriprise Financial, Inc. and are classified as equity within the Consolidated Balance Sheets. The Company excluding noncontrolling interests ("Ameriprise Financial") includes ownership interests in subsidiaries that are attributable, directly or indirectly, to Ameriprise Financial, Inc. The accompanying Consolidated Financial Statements are prepared in accordance with U.S. generally accepted accounting principles ("GAAP"). Certain reclassifications of prior year amounts have been made to conform to the current presentation. The Company evaluated events or transactions that may have occurred after the balance sheet date for potential recognition or disclosure through February23, 2010, the date the financial statements were issued.

Summary of Significant Accounti

Summary of Significant Accounting Policies
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Summary of Significant Accounting Policies	2.Summary of Significant Accounting Policies Principles of Consolidation The Company consolidates all entities in which it holds a greater than 50% voting interest, or when certain conditions are met for VIEs and limited partnerships, except for immaterial seed money investments in mutual funds, which are accounted for as trading securities. Entities in which the Company holds a greater than 20% but less than 50% voting interest are accounted for under the equity method. Additionally, other investments in which the Company holds an interest that is less than 50% are accounted for under the equity method. All other investments that are not reported at fair value as trading or Available-for-Sale securities are accounted for under the cost method where the Company owns less than a 20% voting interest and does not exercise significant influence. Generally, a VIE is a corporation, partnership, trust or any other legal structure that either does not have equity investors with substantive voting rights or has equity investors that do not provide sufficient financial resources for the entity to support its activities. To determine whether the Company must consolidate a VIE, it analyzes the design of the VIE to identify the variable interests it holds. Then the Company quantitatively determines whether its variable interests will absorb a majority of the VIE's variability. If the Company determines it will absorb a majority of the VIE's expected variability, the Company consolidates the VIE and is referred to as the primary beneficiary. The calculation of variability is based on an analysis of projected probability-weighted cash flows based on the design of the particular VIE. The Company consolidates certain limited partnerships that are not VIEs, for which the Company is the general partner and is determined to control the limited partnership. As a general partner, the Company is presumed to control the limited partnership unless the limited partners have the ability to dissolve the partnership or have substantive participating rights. All material intercompany transactions and balances between or among Ameriprise Financial and its subsidiaries and affiliates have been eliminated in consolidation. Foreign Currency Translation Net assets of foreign subsidiaries, whose functional currency is other than the U.S. dollar, are translated into U.S. dollars based upon exchange rates prevailing at the end of each year. The resulting translation adjustment, along with any related hedge and tax effects, are included in accumulated other comprehensive income (loss). Revenues and expenses are translated at average exchange rates during the year. The total accumulated other comprehensive loss, net of tax, related to foreign currency translation adjustments was $30million and $85million as of December31, 2009 and 2008, respectively. During the fourth quarter of 2008, the Company terminated the hedges of net investment in foreign operations recording a gain of $142million in other comprehensive income (loss). For the years ended December31, 2008 and 2007, the amount of gains (losses) related to the hedges included in foreign currency transla

Recent Accounting Pronouncement

Recent Accounting Pronouncements
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Recent Accounting Pronouncements	3.Recent Accounting Pronouncements Adoption of New Accounting Standards Accounting and Reporting for Decreases in Ownership of a Subsidiary In January 2010, the Financial Accounting Standards Board ("FASB") updated the accounting standards to clarify the accounting and disclosure requirements for changes in the ownership percentage of a subsidiary. The additional disclosures primarily relate to instances when a subsidiary is deconsolidated or a group of assets is derecognized. The additional disclosures primarily relate to fair value considerations, the parent's involvement with the deconsolidated entity and related party considerations. The standard is effective for the first interim or annual reporting period ending after December15, 2009. The Company adopted the standard in the fourth quarter of 2009. The adoption did not have any effect on the Company's consolidated results of operations and financial condition. Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) In September 2009, the FASB updated the accounting standards to allow for net asset value ("NAV") to be used as a practical expedient in estimating the fair value of alternative investments without readily determinable fair values. The standard also requires additional disclosure by major category of investment related to restrictions on the investor's ability to redeem the investment as of the measurement date, unfunded commitments and the investment strategies of the investees. The disclosures are required for all investments within the scope of the standard regardless of whether the fair value of the investment is measured using the NAV or another method. The standard is effective for interim and annual periods ending after December15, 2009, with early adoption permitted. The Company adopted the standard in the fourth quarter of 2009. The adoption did not have a material effect on the Company's consolidated results of operations and financial condition. Measuring Liabilities at Fair Value In August 2009, the FASB updated the accounting standards to provide additional guidance on estimating the fair value of a liability. The standard is effective for the first reporting period, including interim periods, beginning after issuance. The Company adopted the standard in the fourth quarter of 2009. The adoption did not have a material effect on the Company's consolidated results of operations and financial condition. Employer's Disclosures about Postretirement Benefit Plan Assets In December 2008, the FASB updated the accounting standards to require enhanced disclosure related to postretirement benefit plan assets, including information about inputs and techniques used to determine the fair value of plan assets. The standard is effective for the first fiscal year ending after December15, 2009, with early adoption permitted. The Company adopted this standard as of December31, 2009. See Note19 for the required disclosures. The Hierarchy of GAAP In June 2009, the FASB established the FASB Accounting Standards CodificationTM ("Codification") as the single source of authoritative accounting principles recognized by

Separation and Distribution fro

Separation and Distribution from American Express
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Separation and Distribution from American Express	4.Separation and Distribution from American Express Ameriprise Financial was formerly a wholly owned subsidiary of American Express Company ("American Express"). On February1, 2005, the American Express Board of Directors announced its intention to pursue the disposition of 100% of its shareholdings in Ameriprise Financial (the "Separation") through a tax-free distribution to American Express shareholders. Effective as of the close of business on September30, 2005, American Express completed the separation of Ameriprise Financial and the distribution of the Ameriprise Financial common shares to American Express shareholders (the "Distribution"). American Express historically provided a variety of corporate and other support services for the Company, including information technology, treasury, accounting, financial reporting, tax administration, human resources, marketing, legal and other services. Following the Distribution, American Express provided the Company with many of these services pursuant to transition services agreements for transition periods of up to two years or more, if extended by mutual agreement of the Company and American Express. The Company terminated all of these service agreements and completed its separation from American Express in 2007. The Company incurred significant non-recurring separation costs in 2007 as a result of the Separation. These costs were primarily associated with establishing the Ameriprise Financial brand, separating and reestablishing the Company's technology platforms and advisor and employee retention programs.

Acquisitions and Pending Transa

Acquisitions and Pending Transactions
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Acquisitions and Pending Transactions	5.Acquisitions and Pending Transactions On September30, 2009, the Company announced a definitive agreement to acquire the long-term asset management business of Columbia Management Group ("Columbia"). The total consideration to be paid will be between $900million and $1.2billion based on net asset flows at Columbia before closing. The acquisition is expected to be funded through the use of cash on hand and is expected to close in the spring of 2010, subject to satisfaction of closing conditions that are generally present in similar acquisitions. In the fourth quarter of 2008, the Company completed its all-cash acquisitions of HR Block Financial Advisors, Inc., subsequently renamed Ameriprise Advisor Services, Inc. ("AASI"), J. W. SeligmanCo., Incorporated ("Seligman") and Brecek Young Advisors, Inc. for $329million, $432million and $26million, respectively. The cost of the acquisitions included the purchase price and transaction costs. These acquisitions further expanded the Company's retail distribution and asset management businesses. The Company recorded the assets and liabilities acquired at fair value and allocated the remaining costs to goodwill and intangible assets. See Note2 and Note9 for additional information on goodwill and intangible assets.

Variable Interest Entities

Variable Interest Entities
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Variable Interest Entities	6.Variable Interest Entities The Company consolidates a VIE for which it is considered the primary beneficiary. As of December31, 2009 and 2008, the Company had investments of $10million and non-recourse debt of $6million, respectively, on the Consolidated Balance Sheet related to this entity. The Company has variable interests for which it is not the primary beneficiary and, therefore, does not consolidate. The Company's maximum exposure to loss as a result of its investment in these entities is limited to its carrying value. The Company has no obligation to provide further financial or other support to the VIEs nor has the Company provided any additional support to the VIEs other than services it is separately compensated for through management agreements. The Company had no liabilities recorded as of December31, 2009 and 2008 related to these entities. The Company is a limited partner in affordable housing partnerships which qualify for government sponsored low income housing tax credit programs. Certain of these partnerships are considered to be variable interest entities; however, the Company does not consolidate these partnerships because it is not the primary beneficiary. The carrying values of the affordable housing partnerships are reflected in investments and were $28million and $54million as of December31, 2009 and 2008, respectively. For the collateralized debt obligations ("CDOs") managed by the Company, the Company has evaluated its variability in losses and returns considering its investment levels, which are less than 50% of the residual tranches, and the fees received from managing the structures and has determined that consolidation is not required. The carrying values of the CDOs are reflected in investments and were $58million and $50million as of December31, 2009 and 2008, respectively. The Company manages $6.4billion of underlying collateral consisting primarily of below investment grade syndicated bank loans within the CDOs.

Investments

Investments
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Investments	7.Investments The following is a summary of investments: December31, 2009 2008 (in millions) Available-for-Sale securities, at fair value $ 32,546 $ 22,873 Commercial mortgage loans, net 2,663 2,887 Trading securities 592 501 Policy loans 720 729 Other investments 453 532 Total $ 36,974 $ 27,522 Available-for-Sale securities distributed by type were as follows: December31, 2009 Description of Securities Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Non-Credit OTTI(1) (in millions) Corporate debt securities $ 15,336 $ 894 $ (107 ) $ 16,123 $ 12 Residential mortgage backed securities 8,050 218 (498 ) 7,770 (152 ) Commercial mortgage backed securities 4,437 196 (20 ) 4,613 Asset backed securities 1,984 72 (62 ) 1,994 (18 ) State and municipal obligations 1,472 21 (76 ) 1,417 U.S. government and agencies obligations 379 9 (1 ) 387 Foreign government bonds and obligations 95 14 (1 ) 108 Common and preferred stocks 52 1 (10 ) 43 Other structured investments 22 36 58 21 Other debt obligations 33 33 Total $ 31,860 $ 1,461 $ (775 ) $ 32,546 $ (137 ) (1) Represents the amount of other-than-temporary impairment losses in Accumulated Other Comprehensive Income, which starting January1, 2009, were not included in earnings. Amount includes unrealized gains and losses on impaired securities subsequent to the impairment measurement date. These amounts are included in gross unrealized gains and losses as of December31, 2009. December31, 2008 Description of Securities Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in millions) Corporate debt securities $ 13,687 $ 86 $ (1,174 ) $ 12,599 Residential mortgage backed securities 5,616 71 (452 ) 5,235 Commercial mortgage backed securities 2,880 36 (183 ) 2,733 Asset backed securities 1,055 4 (101 ) 958 State and municipal obligations 1,024 4 (155 ) 873 U.S. government and agencies obligations 257 14 271 Foreign government bonds and obligations 95 17 (5 ) 107 Common and preferred stocks 53 6 (22 ) 37 Other structured investments 31 19 50 Other debt obligations 10 10 Total $ 24,708 $ 257 $ (2,092 ) $ 22,873 At December31, 2009 and 2008, fixed maturity securities comprised approximately 88% and 83%, respectively, of the Company's total investments. These securities were rated by Moody's Investors Service ("Moody's"), Standard Poor's Ratings Services ("SP") and Fitch RatingsLtd. ("Fitch"), except for approximately

Deferred Acquisition Costs and

Deferred Acquisition Costs and Deferred Sales Inducement Costs
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Deferred Acquisition Costs and Deferred Sales Inducement Costs	8.Deferred Acquisition Costs and Deferred Sales Inducement Costs During the third quarter of 2009, 2008 and 2007, the Company completed the annual detailed review of valuation assumptions for products of RiverSource Life companies. In addition, during the third quarter of 2008, the Company converted to a new industry standard valuation system that provides enhanced modeling capabilities. The total pretax impacts on the Company's assets and liabilities attributable to the review of valuation assumptions during the third quarter of 2009, 2008 and 2007 and the valuation system conversion during the third quarter of 2008 were as follows: Balance Sheet Impact Debit (Credit) Receivables DAC Other Assets Future Policy Benefits and Claims Other Liabilities Total (in millions) 2009 period $ (65 ) $ 119 $ 9 $ 71 $ $ 134 2008 period 92 (81 ) (5 ) 95 5 106 2007 period (2 ) (16 ) 3 (15 ) (30 ) The total pretax impacts on the Company's revenues and expenses attributable to the review of valuation assumptions for the years ended December31, 2009, 2008 and 2007 and the valuation system conversion for the year ended December31, 2008 were as follows: Pretax Benefit (Charge) Premiums Other Revenues Distribution Expenses Benefits, Claims, Losses, and Settlement Expenses Amortization of DAC Total (in millions) 2009 period $ $ (65 ) $ $ 80 $ 119 $ 134 2008 period 2 95 1 89 (81 ) 106 2007 period (2 ) (12 ) (16 ) (30 ) The balances of and changes in DAC were as follows: 2009 2008 2007 (in millions) Balance at January1 $ 4,383 $ 4,408 $ 4,409 Cumulative effect of accounting change 36 (204 ) Capitalization of acquisition costs 620 644 766 Amortization, excluding impacts of valuation assumptions review and valuation system conversion (336 ) (852 ) (535 ) Amortization, impact of valuation assumptions review and valuation system conversion 119 (81 ) (16 ) Impact of change in net unrealized securities losses (gains) (452 ) 228 (12 ) Balance at December31 $ 4,334 $ 4,383 $ 4,408 The balances of and changes in DSIC, included in other assets on the Consolidated Balance Sheets, were as follows: 2009 2008 2007 (in millions) Balance at January1 $ 518 $ 511 $ 452 Cumulative effect of accounting change 9 (11 ) Capitalization of sales inducement costs 82 87 124 Amortization, excluding impacts of valuation assumptions review and valuation system conversion (19 ) (115 ) (56 ) Amortization, impact of valuation assumptions review and valuation system conversion 9 (6 ) 3 Impact of change in net unrealized securities losses (gains) (66 ) 32 (1 ) Balance at December31 $ 524 $ 518 $ 511 The Co

Goodwill and Other Intangibles

Goodwill and Other Intangibles
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Goodwill and Other Intangibles	9.Goodwill and Other Intangibles Goodwill and other intangible assets deemed to have indefinite lives are not amortized but are instead subject to impairment tests. For the years ended December31, 2009, 2008 and 2007, the tests did not indicate impairment. The gross carrying amount of identifiable intangible assets with indefinite useful lives was $25million and $19million as of December31, 2009 and 2008, respectively. The changes in the carrying amount of goodwill reported in the Company's four main operating segments were as follows: Advice Wealth Management Asset Management Annuities Protection Consolidated (in millions) Balance at January1, 2008 $ 98 $ 454 $ 46 $ 45 $ 643 Acquisitions 200 354 554 Foreign currency translation (106 ) (106 ) Balance at December31, 2008 298 702 46 45 1,091 Acquisitions Foreign currency translation 31 31 Purchase price adjustments 7 6 13 Balance at December31, 2009 $ 305 $ 739 $ 46 $ 45 $ 1,135 Definite-lived intangible assets consisted of the following: December31, 2009 2008 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (in millions) Customer relationships $ 92 $ (25 ) $ 67 $ 89 $ (16 ) $ 73 Contracts 193 (86 ) 107 178 (64 ) 114 Other 146 (51 ) 95 133 (39 ) 94 Total $ 431 $ (162 ) $ 269 $ 400 $ (119 ) $ 281 In 2009, the Company recorded purchase price adjustments to definite-lived intangible assets of $2million related to customer relationships, $2million related to contracts and $1million of other intangibles. In addition, the Company acquired other intangibles of $2million during the year ended December31, 2009 with a weighted-average amortization period of five years. The increase (decrease) to net definite-lived intangible assets due to changes in foreign currency exchange rates was $13million, $(53)million and $3million for the years ended December31, 2009, 2008 and 2007, respectively. The aggregate amortization expense for definite-lived intangible assets during the years ended December31, 2009, 2008 and 2007 was $32million, $25million and $27million, respectively. In 2009, 2008 and 2007, the Company had impairment charges of nil, $8million and $1million, respectively, related to Asset Management contracts. Estimated intangible amortization expense as of December31, 2009 for the next five years was as follows: (in millions) 2010 $ 31 2011 28 2012 28 2013 26 2014 21

Reinsurance

Reinsurance
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Reinsurance	10.Reinsurance Generally, the Company reinsures 90% of the death benefit liability related to individual fixed and variable universal life and term life insurance products. As a result, the Company typically retains and is at risk for, at most, 10% of each policy's death benefit from the first dollar of coverage for new sales of these policies, subject to the reinsurers fulfilling their obligations. The Company began reinsuring risks at this level beginning in 2001 for term life insurance and 2002 for individual fixed and variable universal life insurance. Policies issued prior to these dates are not subject to these same reinsurance levels. Generally, the maximum amount of life insurance risk retained by the Company is $1.5million (increased from $750,000 during 2008) on a single life and $1.5million on any flexible premium survivorship life policy. Risk on fixed and variable universal life policies is reinsured on a yearly renewable term basis. Risk on most term life policies starting in 2001 is reinsured on a coinsurance basis, a type of reinsurance in which the reinsurer participates proportionally in all material risks and premiums associated with a policy. For existing long term care policies, RiverSource Life (and RiverSource Life of NY for 1996 and later issues) retained 50% of the risk and ceded the remaining 50% of the risk on a coinsurance basis to subsidiaries of Genworth Financial, Inc. ("Genworth"). In addition, the Company assumes life insurance and fixed annuity risk under reinsurance arrangements with unaffiliated insurance companies. Generally, the Company retains at most $5,000 per month of risk per life on disability income policies sold on policy forms introduced in October 2007 in most states and reinsures the remainder of the risk on a coinsurance basis with unaffiliated reinsurance companies. The Company retains all risk for new claims on disability income contracts sold on other policy forms. The Company also retains all risk on accidental death benefit claims and substantially all risk associated with waiver of premium provisions. The Company also reinsures a portion of the risks associated with its personal auto and home insurance products through two types of reinsurance agreements with unaffiliated reinsurance companies. The Company purchases reinsurance with a limit of $5million per loss and the Company retains $750,000 per loss. The Company purchases catastrophe reinsurance and retains $10million of loss per event with loss recovery up to $80million per event. The effect of reinsurance on premiums was as follows: Years Ended December31, 2009 2008 2007 (in millions) Direct premiums $ 1,379 $ 1,263 $ 1,218 Reinsurance ceded (281 ) (215 ) (201 ) Net premiums $ 1,098 $ 1,048 $ 1,017 Cost of insurance and administrative charges on UL and VUL insurance are reflected in other revenues and were net of reinsurance ceded of $62million, $61million and $57million for the years ended December31, 2009, 2008 and 2007, respectively. Reinsurance recovered from reinsurers was $174million, $151million

Future Policy Benefits and Clai

Future Policy Benefits and Claims and Separate Account Liabilities
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Future Policy Benefits and Claims and Separate Account Liabilities	11.Future Policy Benefits and Claims and Separate Account Liabilities Future policy benefits and claims consisted of the following: December31, 2009 2008 (in millions) Fixed annuities $ 16,558 $ 14,058 Equity indexed annuities accumulated host values 159 228 Equity indexed annuities embedded derivatives 9 16 Variable annuities fixed sub-accounts 6,127 5,623 Variable annuity GMWB 204 1,471 Variable annuity GMAB 100 367 Other variable annuity guarantees 12 67 Total annuities 23,169 21,830 VUL/UL insurance 2,595 2,526 Other life, disability income and long term care insurance 4,619 4,397 Auto, home and other insurance 380 368 Policy claims and other policyholders' funds 123 172 Total $ 30,886 $ 29,293 Separate account liabilities consisted of the following: December31, 2009 2008 (in millions) Variable annuity variable sub-accounts $ 48,982 $ 37,657 VUL insurance variable sub-accounts 5,239 4,091 Other insurance variable sub-accounts 46 39 Threadneedle investment liabilities 3,862 2,959 Total $ 58,129 $ 44,746 Fixed Annuities Fixed annuities include both deferred and payout contracts. 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. The Company generally invests the proceeds from the annuity payments in fixed rate securities. The Company may hedge the interest rate risks related to fixed annuities with derivative instruments. As of December31, 2009 and 2008, there were no outstanding derivatives to hedge these risks. Equity Indexed Annuities The Index 500 Annuity, the Company's equity indexed annuity product, is a single premium deferred fixed annuity. The contract is issued with an initial term of seven years and interest earnings are linked to the SP500 Index. This annuity has a minimum interest rate guarantee of 3% on 90% of the initial premium, adjusted for any surrenders. The Company generally invests the proceeds from the annuity deposits in fixed rate securities and hedges the equity risk with derivative instruments. See Note20 for additional information regarding the Company's derivative instruments. In 2007, the Company discontinued new sales of equity indexed annuities. Variable Annuities Purchasers of variable annuities can select from a variety of investment options and can elect to allocate a portion to a fixed account. A vast majority of the premiums received for variable annuity contracts are held in separate accounts where the assets are held for the exclusive benefit of those contractholders. Most of the variable annuity contracts issued by the Company contain one or more guaranteed benefits, including GMWB, GMAB, GMDB and GGU provisions. The Company previously offered contracts with GMIB provisions. See Note2 and Note12 for add

Variable Annuity and Insurance

Variable Annuity and Insurance Guarantees
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Variable Annuity and Insurance Guarantees	12.Variable Annuity and Insurance Guarantees The majority of the variable annuity contracts offered by the Company contain GMDB provisions. The Company also offers variable annuities with death benefit provisions that gross up the amount payable by a certain percentage of contract earnings, which are referred to as GGU benefits. In addition, the Company offers contracts with GMWB and GMAB provisions. The Company previously offered contracts containing GMIB provisions. See Note2 and Note11 for additional information regarding the liabilities related to variable annuity guarantees. 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 three 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 is often provided in combination with the return of premium provision. This provision 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 equity market performance. At issue, the guaranteed amount is equal to the amount deposited but the guarantee may be increased annually to the account value (a "step-up") in the case of favorable market performance. The Company has GMWB riders inforce with 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. Once withdrawals begin, the contractholder's funds are moved to one of three less aggressive asset allocation models (of the five that are available prior to withdrawal). withdrawals based on performance of the contract or issue age. On some contracts, credits are applied annually for the first ten years to increase the guaranteed amount as long as withdrawals have not been taken. Variable annuity contractholders age 79 or younger at contract issue can also obtain a principal-back guarantee by purchasing the optional GMAB rider for an additional charge. The GMAB rider guarantees that, regardless of market performance at the end of the 10-year waiting period, the contract value will be no less than the original investment or 80% of the highest anniversary value, adjusted for withdrawals. If the contract value is less than the guarantee at the end of the 10year period, a lump sum will be added to the contract value to make the contract value equal to the guaran

Customer Deposits

Customer Deposits
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Customer Deposits	13.Customer Deposits Customer deposits consisted of the following: December31, 2009 2008 (in millions) Fixed rate certificates $ 3,172 $ 3,909 Stock market based certificates 852 909 Stock market embedded derivative reserve 26 5 Other 59 62 Less: accrued interest classified in other liabilities (33 ) (11 ) Total investment certificate reserves 4,076 4,874 Brokerage deposits 1,894 1,988 Banking deposits 2,584 1,367 Total $ 8,554 $ 8,229 Investment Certificates The Company offers fixed rate investment certificates primarily in amounts ranging from $1,000 to $1million with terms ranging from three to 36months. Investment certificates may be purchased either with a lump sum payment or installment payments. Certificate product owners are entitled to receive, at maturity, a definite sum of money. Payments from certificate owners are credited to investment certificate reserves. Investment certificate reserves generally accumulate interest at specified percentage rates. Reserves are maintained for advance payments made by certificate owners, accrued interest thereon and for additional credits in excess of minimum guaranteed rates and accrued interest thereon. On certificates allowing for the deduction of a surrender charge, the cash surrender values may be less than accumulated investment certificate reserves prior to maturity dates. Cash surrender values on certificates allowing for no surrender charge are equal to certificate reserves. The Company generally invests the proceeds from investment certificates in fixed and variable rate securities. The Company may hedge the interest rate risks under these obligations with derivative instruments. As of December31, 2009 and 2008, there were no outstanding derivatives to hedge these interest rate risks. Certain investment certificate products have returns tied to the performance of equity markets. The Company guarantees the principal for purchasers who hold the certificate for the full 52-week term and purchasers may participate in increases in the stock market based on the SP500 Index, up to a maximum return. Purchasers can choose 100% participation in the market index up to the cap or 25% participation plus fixed interest with a combined total up to the cap. Current first term certificates have maximum returns of 4% or 5%. The equity component of these certificates is considered an embedded derivative and is accounted for separately. The change in fair values of the embedded derivative reserve is reflected in banking and deposit interest expense. See Note20 for additional information about derivative instruments used to economically hedge the equity price risk related to the Company's stock market certificates.

Debt

Debt
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Debt	14.Debt Debt and the stated interest rates were as follows: Outstanding Balance December31, Stated Interest Rate December31, 2009 2008 2009 2008 (in millions) Senior notes due 2010 $ 340 $ 800 5.4 % 5.4 % Senior notes due 2015 700 700 5.7 5.7 Senior notes due 2019 300 7.3 Senior notes due 2039 200 7.8 Junior subordinated notes due 2066 322 457 7.5 7.5 Floating rate revolving credit borrowings due 2013 142 64 4.1 3.6 Floating rate revolving credit borrowings due 2014 198 5.9 Floating rate revolving credit borrowings due 2014 41 2.5 Municipal bond inverse floater certificates due 2021 6 6 0.3 2.2 Total $ 2,249 $ 2,027 On November23, 2005, the Company issued $1.5billion of unsecured senior notes including $800million of five-year senior notes which mature November15, 2010 and $700million of 10-year senior notes which mature November15, 2015, and incurred debt issuance costs of $7million. Interest payments are due semi-annually on May15 and November15. In July 2009, the Company purchased $450million aggregate principal amount of its senior notes due 2010, pursuant to a cash tender offer. The tender offer consideration per $1,000 principal amount of these notes accepted for purchase was $1,000, with an early tender payment of $30. Payments for these notes purchased pursuant to the tender offer included accrued and unpaid interest from the last interest payment date to, but not including, the settlement date. The Company also repurchased $10million of these notes in the second quarter of 2009 in open market transactions. On June8, 2009, the Company issued $300million of unsecured senior notes which mature June28, 2019, and incurred debt issuance costs of $3million. Interest payments are due semi-annually in arrears on June28 and December28. On June3, 2009, the Company issued $200million of unsecured senior notes which mature June15, 2039, and incurred debt issuance costs of $6million. Interest payments are due quarterly in arrears on March15, June15, September15 and December15. In June 2005, the Company entered into interest rate swap agreements totaling $1.5billion, which qualified as cash flow hedges related to planned debt offerings. The Company terminated the swap agreements in November 2005 when the senior notes due 2010 and 2015 were issued. The related gain on the swap agreements of $71million was recorded to accumulated other comprehensive income (loss) and is being amortized as a reduction to interest expense over the period in which the hedged cash flows are expected to occur. Considering the impact of the hedge credits, the effective interest rates on the senior notes due 2010, 2015, 2019 and 2039 are 4.8%, 5.2%, 7.2% and 7.5%, respectively. On May26, 2006, the Company issued $500million of unsecured junior subordinated notes, which mature June1, 2066, and incurred debt issuance costs of $6million. For the initial 10-year period, the jun

Related Party Transactions

Related Party Transactions
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Related Party Transactions	15.Related Party Transactions The Company may engage in transactions in the ordinary course of business with significant shareholders or their subsidiaries, between the Company and its directors and officers or with other companies whose directors or officers may also serve as directors or officers for the Company or its subsidiaries. The Company carries out these transactions on customary terms. The transactions have not had a material impact on the Company's consolidated results of operations or financial condition. The Company's executive officers and directors may have transactions with the Company or its subsidiaries involving financial products and insurance services. All obligations arising from these transactions are in the ordinary course of the Company's business and are on the same terms in effect for comparable transactions with the general public. Such obligations involve normal risks of collection and do not have features or terms that are unfavorable to the Company's subsidiaries.

Share-Based Compensation

Share-Based Compensation
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Share-Based Compensation	16.Share-Based Compensation The Company's share-based compensation plans consist of the Amended and Restated Ameriprise Financial 2005 Incentive Compensation Plan (the "2005 ICP"), the Ameriprise Financial 2008 Employment Incentive Equity Award Plan (the "2008 Plan"), the Amended Deferred Equity Program for Independent Financial Advisors ("P2 Deferral Plan"), and the Ameriprise Advisor Group Deferred Compensation Plan ("P1 Plan"). The components of the Company's share-based compensation expense, net of forfeitures, were as follows: Years Ended December31, 2009 2008 2007 (in millions) Stock options $ 53 $ 40 $ 37 Restricted stock awards 59 57 52 Restricted stock units 70 51 54 Total $ 182 $ 148 $ 143 For the years ended December31, 2009, 2008 and 2007, the total income tax benefit recognized by the Company related to the share-based compensation expense was $64million, $52million and $50million, respectively. As of December31, 2009, there was $158million of total unrecognized compensation cost related to non-vested awards under the Company's share-based compensation plans. That cost is expected to be recognized over a weighted-average period of 2.5years. Amended and Restated Ameriprise Financial 2005 Incentive Compensation Plan The 2005 ICP, which was amended and approved by shareholders on April25, 2007, provides for the grant of cash and equity incentive awards to directors, employees and independent contractors, including stock options, restricted stock awards, restricted stock units, stock appreciation rights, performance shares and similar awards designed to comply with the applicable federal regulations and laws of jurisdiction. Under the 2005 ICP, a maximum of 37.9million shares may be issued. Of this total, no more than 4.4million shares may be issued after April25, 2007 for full value awards, which are awards other than stock options and stock appreciation rights. Shares issued under the 2005 ICP may be authorized and unissued shares or treasury shares. Deferred Compensation Plan The Deferred Compensation Plan ("DCP") gives certain employees the choice to defer a portion of their bonus, which can be invested in investment options as provided by the DCP, including the Ameriprise Financial Stock Fund. The Company provides a match if the participant deferrals are invested in the Ameriprise Financial Stock Fund. Participant deferrals vest immediately and the Company match vests after three years. Distributions are made in shares of the Company's common stock for the portion of the deferral invested in the Ameriprise Financial Stock Fund and the related Company match, for which the Company has recorded in equity. The DCP does allow for accelerated vesting of the share-based awards in cases of death, disability and qualified retirement. Compensation expense related to the Company match is recognized on a straight-line basis over the vesting period. Ameriprise Financial 2008 Employment Incentive Equity Award Plan The 2008 Plan is designed to align new employees' interests with those of t

Regulatory Requirements

Regulatory Requirements
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Regulatory Requirements	17.Regulatory Requirements Restrictions on the transfer of funds exist under regulatory requirements applicable to certain of the Company's subsidiaries. At December31, 2009, the aggregate amount of unrestricted net assets was approximately $1.9billion. The National Association of Insurance Commissioners ("NAIC") defines Risk-Based Capital ("RBC") requirements for insurance companies. The RBC requirements are used by the NAIC and state insurance regulators to identify companies that merit regulatory actions designed to protect policyholders. These requirements apply to both the Company's life and property casualty insurance companies. In addition, IDS Property Casualty is subject to the statutory surplus requirements of the State of Wisconsin. The Company's life and property casualty companies each met their respective minimum RBC requirements. State insurance statutes also contain limitations as to the amount of dividends and distributions that insurers may make without providing prior notification to state regulators. For RiverSource Life, dividends in excess of statutory unassigned funds require advance notice to the Minnesota Department of Commerce, RiverSource Life's primary regulator, and are subject to potential disapproval. In addition, dividends whose fair market value, together with that of other dividends or distributions made within the preceding 12months, exceeds the greater of (i)the previous year's statutory net gain from operations or (ii)10% of the previous year-end statutory capital and surplus are referred to as "extraordinary dividends." Extraordinary dividends also require advance notice to the Minnesota Department of Commerce, and are subject to potential disapproval. Government debt securities of $7million and $6million at December31, 2009 and 2008, respectively, held by the Company's life insurance subsidiaries were on deposit with various states as required by law and satisfied legal requirements. Ameriprise Certificate Company ("ACC") is registered as an investment company under the Investment Company Act of 1940 (the "1940 Act"). ACC markets and sells investment certificates to clients. ACC is subject to various capital requirements under the 1940 Act, laws of the State of Minnesota and understandings with the Securities and Exchange Commission ("SEC") and the Minnesota Department of Commerce. The terms of the investment certificates issued by ACC and the provisions of the 1940 Act also require the maintenance by ACC of qualified assets. Under the provisions of its certificates and the 1940 Act, ACC was required to have qualified assets (as that term is defined in Section28(b) of the 1940 Act) in the amount of $4.1billion and $4.9billion at December31, 2009 and 2008, respectively. ACC had qualified assets of $4.6billion and $5.1billion at December31, 2009 and 2008, respectively. As of December31, 2008, ACC's capital ratio per the Minnesota Department of Commerce and SEC capital requirements had dropped to 4.61% and 4.97%, respectively. Ameriprise Financial promptly provided additional capital to ACC in January 2009 to bring capital back above the 5% requirement. Ameriprise Financial and ACC entered i

Fair Values of Assets and Liabi

Fair Values of Assets and Liabilities
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Fair Values of Assets and Liabilities	18.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: Level1 Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date. Level2 Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities. Level3 Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. 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 highly liquid investments with original maturities of 90days or less. Actively traded money market funds are measured at their NAV and classified as Level1. The Company's remaining cash equivalents are classified as Level2 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 (Trading Securities and Available-for-Sale Securities) When available, the fair value of securities is based on quoted prices in active markets. If quoted prices are not available, fair values are obtained from nationally-recognized pricing services, broker quotes, or other model-based valuation techniques such as the present value of cash flows. Level1 securities include U.S. Treasuries and seed money in funds traded in active markets. Level2 securities include agency mortgage backed securities, commercial mortgage backed securities, asset backed securities, municipal and corporate bonds, U.S. and foreign government and agency securities, and seed money and other investments in certain hedge funds. Level3 securities include

Retirement Plans and Profit Sha

Retirement Plans and Profit Sharing Arrangements
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Retirement Plans and Profit Sharing Arrangements	19.Retirement Plans and Profit Sharing Arrangements Defined Benefit Plans Pension Plans The Company's United States employees are generally eligible for the Ameriprise Financial Retirement Plan (the "Retirement Plan"), a noncontributory defined benefit plan which is a qualified plan under the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). Funding of costs for the Retirement Plan complies with the applicable minimum funding requirements specified by ERISA and is held in a trust. The Retirement Plan is a cash balance plan by which the employees' accrued benefits are based on notional account balances, which are maintained for each individual. Each pay period these balances are credited with an amount equal to a percentage (determined by an employee's age plus service of 2.5% to 10%) of eligible compensation as defined by the Retirement Plan (which includes, but is not limited to, base pay, certain incentive pay and commissions, shift differential and overtime). Employees' balances are also credited with a fixed rate of interest that is updated each January1 and is based on the average of the daily five-year U.S. Treasury Note yields for the previous October1 through November30, with a minimum crediting rate of 5%. Employees have the option to receive annuity payments or a lump sum payout at vested termination, retirement, death or disability. The Retirement Plan's year-end is September30. Effective March1, 2010, the Retirement Plan will be amended to exclude continued credits for employee financial advisors. It will also amend the percentage that will be credited to eligible employees' accounts to be determined on service only and will range from 2.5% to 5% of eligible compensation. Non-financial advisor employees who were eligible for the Retirement Plan will be grandfathered at their 2010 rates until or unless the new schedule becomes more favorable. These plan changes are reflected in the obligations disclosed as of December31, 2009. In addition, the Company sponsors the Ameriprise Financial Supplemental Retirement Plan (the "SRP"), an unfunded non-qualified deferred compensation plan subject to Section409A of the Internal Revenue Code. This plan is for certain highly compensated employees to replace the benefit that cannot be provided by the Retirement Plan due to Internal Revenue Service limits. The SRP generally parallels the Retirement Plan but offers different payment options. Most employees outside the United States are covered by local retirement plans, some of which are funded, while other employees receive payments at the time of retirement or termination under applicable labor laws or agreements. The components of the net periodic pension cost for all pension plans were as follows: Years Ended December31, 2009 2008 2007 (in millions) Service cost $ 32 $ 34 $ 37 Interest cost 25 25 22 Expected return on plan assets (22 ) (22 ) (21 ) Amortization of prior service costs (1 ) (2 ) (2 ) Recognized net actuarial loss 1 Other 3 3 (2 ) Net periodic

Derivatives and Hedging Activit

Derivatives and Hedging Activities
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Derivatives and Hedging Activities	20.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. The Company uses derivatives as economic hedges and occasionally holds derivatives designated for hedge accounting. The following table presents the balance sheet location and the gross fair value of derivative instruments, including embedded derivatives, by type of derivative and product at December31, 2009: Derivatives designated as hedging instruments Balance Sheet Location Asset Balance Sheet Location Liability (in millions) (in millions) Cash flow hedges Interest on debt Other assets $ 19 $ Derivatives not designated as hedging instruments Interest rate contracts GMWB and GMAB Other assets 176 Other liabilities 280 Interest rate lock commitments Other assets 1 Equity contracts GMWB and GMAB Other assets 437 Other liabilities 474 GMDB Other liabilities 2 Equity indexed annuities Other assets 2 Equity indexed annuities embedded derivatives Future policy benefits and claims 9 Stock market certificates Other assets 166 Other liabilities 141 Stock market certificates embedded derivatives Customer deposits 26 Seed money Other liabilities 1 Other GMWB and GMAB embedded derivatives(1) Future policy benefits and claims 299 Total non-designated 782 1,232 Total derivatives $ 801 $ 1,232 (1) The fair values of GMWB and GMAB embedded derivatives fluctuate primarily based on changes in equity, interest rate and credit markets. See Note18 for additional information regarding the Company's fair value measurement of derivative instruments. Derivatives Not Designated as Hedges The following table presents a summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations for the year ended December31, 2009: Derivatives not designated as hedging instruments Location of Gain (Loss) on Derivatives Recognized in Income Amount of Gain (Loss) on Derivatives Recognized in Income (in millions) Interest rate contracts GMWB and GMAB Benefits, claims, losses and settlement expenses $ (435 ) Interest rate lock commitments Other revenues Equity contracts GMWB and GMAB Benefits, claims, losses and settlement expenses (1,310 ) GMDB Benefits, claims, losses and settlement expenses (10 ) Equity indexed annuities Interest credited to fixed accounts 4 Equity in

Income Taxes

Income Taxes
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Income Taxes	21.Income Taxes The components of income tax provision (benefit) were as follows: Years Ended December31, 2009 2008 2007 (in millions) Current income tax: Federal $ 199 $ 50 $ 137 State and local 4 9 (5 ) Foreign 4 17 45 Total current income tax 207 76 177 Deferred income tax: Federal (13 ) (376 ) 34 State and local (7 ) (22 ) Foreign (4 ) (11 ) (9 ) Total deferred income tax (24 ) (409 ) 25 Total income tax provision (benefit) $ 183 $ (333 ) $ 202 The geographic sources of pretax income (loss) were as follows: Years Ended December31, 2009 2008 2007 (in millions) United States $ 883 $ (444 ) $ 888 Foreign 37 19 120 Total $ 920 $ (425 ) $ 1,008 The principal reasons that the aggregate income tax provision is different from that computed by using the U.S. statutory rate of 35% were as follows: Years Ended December31, 2009 2008 2007 Tax at U.S. statutory rate 35.0 % 35.0 % 35.0 % Changes in taxes resulting from: Dividend exclusion (7.6 ) 15.5 (5.2 ) Tax-exempt interest income (1.7 ) 3.2 (1.3 ) Tax credits (3.3 ) 12.0 (6.6 ) State taxes, net of federal benefit (0.5 ) 1.9 (0.3 ) Net income (loss) attributable to noncontrolling interests (0.6 ) (4.4 ) 0.1 Other, net (1.4 ) 15.2 (1.7 ) Income tax provision 19.9 % 78.4 % 20.0 % The Company's effective tax rate decreased to 19.9% in 2009 from 78.4% in 2008, primarily due to a pretax loss in relation to a net tax benefit for 2008 compared to pretax income for 2009. The Company's effective tax rate for 2008 included $79million in tax benefits related to changes in the status of current audits and closed audits, tax planning initiatives, and the finalization of prior year tax returns. The Company's effective tax rate for 2007 included a $16 million tax benefit related to the finalization of certain income tax audits and a $19 million tax benefit related to the Company's plan to begin repatriating earnings of certain Threadneedle entities through dividends. Accumulated earnings of certain foreign subsidiaries, which totaled $117million at December31, 2009, are intended to be permanently reinvested outside the United States. Accordingly, U.S. federal taxes, which would have aggregated $13million, have not been provided on those earnings. Deferred income tax assets and liabilities result from temporary differences between the assets and liabilities measured for GAAP reporting versus income tax return purposes. The significant components of the Company's deferred income tax assets and liabilities, which are included net within other assets on the Consolidated Balance Sheets, were as follows:

Commitments and Contingencies

Commitments and Contingencies
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Commitments and Contingencies	22.Commitments and Contingencies The Company is committed to pay aggregate minimum rentals under noncancelable operating leases for office facilities and equipment in future years as follows: (in millions) 2010 $ 91 2011 82 2012 71 2013 63 2014 58 Thereafter 253 Total $ 618 For the years ended December31, 2009, 2008 and 2007, operating lease expense was $103million, $92million and $93million, respectively. The following table presents the Company's funding commitments: December31, 2009 2008 (in millions) Commercial mortgage loan commitments $ 50 $ 44 Consumer mortgage loan commitments 387 298 Consumer lines of credit 1,389 392 Total funding commitments $ 1,826 $ 734 The Company's life and annuity products all have minimum interest rate guarantees in their fixed accounts. As of December31, 2009, these guarantees range up to 5%. To the extent the yield on the Company's invested asset portfolio declines below its target spread plus the minimum guarantee, the Company's profitability would be negatively affected. See Note5 for information on commitments related to the Company's pending acquisition of Columbia. Owing to conditions then-prevailing in the credit markets and the isolated defaults of unaffiliated structured investment vehicles held in the portfolios of money market funds advised by its RiverSource InvestmentsLLC subsidiary (the "2a-7 Funds"), the Company closely monitored the net asset value of the 2a-7 Funds during 2008 and 2009 and, as circumstances have warranted from time to time injected capital to one or more of the 2a-7 Funds. Management believes that the market conditions which gave rise to those circumstances have significantly diminished. The Company has not provided a formal capital support agreement or net asset value guarantee to any of the 2a-7 Funds. The Company and its subsidiaries are involved in the normal course of business in legal, regulatory and arbitration proceedings, 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 litigation arising out of its general business activities, such as its investments, contracts, leases and employment relationships. Uncertain economic conditions heightened volatility in the financial markets, such as those which have been experienced from the latter part of 2007 through 2009, and significant regulatory reform proposals 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

Guarantees

Guarantees
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Guarantees	23.Guarantees An unaffiliated third party is providing liquidity to clients of SAI registered representatives that have assets in the Reserve Primary Fund that have been blocked from redemption and frozen by the Reserve Fund since September16, 2008. The Company has agreed to indemnify the unaffiliated third party up to $10million until April15, 2015, for costs incurred as a result of an arbitration or litigation initiated against the unaffiliated third party by clients of SAI registered representatives. In the event that a client defaults in the repayment of an advance, SAI has recourse to collect from the defaulting client. Certain property fund limited partnerships that the Company consolidates have floating rate revolving credit borrowings of $381million as of December31, 2009. Certain Threadneedle subsidiaries guarantee the repayment of outstanding borrowings up to the value of the assets of the partnerships. The debt is secured by the assets of the partnerships and there is no recourse to Ameriprise Financial.

Earnings per Share Attributable

Earnings per Share Attributable to Ameriprise Financial Common Shareholders
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Earnings per Share Attributable to Ameriprise Financial Common Shareholders	24.Earnings per Share Attributable to Ameriprise Financial Common Shareholders The computations of basic and diluted earnings (loss) per share attributable to Ameriprise Financial common shareholders are as follows: Years Ended December31, 2009 2008 2007 (in millions, except per share amounts) Numerator: Net income (loss) attributable to Ameriprise Financial $ 722 $ (38 ) $ 814 Denominator: Basic: Weighted-average common shares outstanding 242.2 222.3 236.2 Effect of potentially dilutive nonqualified stock options and other share-based awards 2.2 2.6 3.7 Diluted: Weighted-average common shares outstanding 244.4 224.9 239.9 Earnings (loss) per share attributable to Ameriprise Financial common shareholders: Basic $ 2.98 $ (0.17 ) $ 3.45 Diluted $ 2.95 $ (0.17 )(1) $ 3.39 (1) Diluted shares used in this calculation represent basic shares due to the net loss. Using actual diluted shares would result in anti-dilution. Basic weighted average common shares for the years ended December31, 2009, 2008 and 2007 included 3.4million, 2.1million and 1.6million, respectively, of vested, nonforfeitable restricted stock units and 4.6million, 3.1million and 3.5million, respectively, of non-vested restricted stock awards and restricted stock units that are forfeitable but receive nonforfeitable dividends. Potentially dilutive securities include nonqualified stock options and other share-based awards.

Shareholders' Equity

Shareholders' Equity
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Shareholders' Equity	25.Shareholders' Equity The Company has a share repurchase program in place to return excess capital to shareholders. Since September 2008 through the date of this report, the Company has suspended its stock repurchase program; as a result there were no share repurchases during the year ended December31, 2009. During the years ended December31, 2008 and 2007, the Company repurchased a total of 12.7million and 15.9million shares, respectively, of its common stock at an average price of $48.26 and $59.59, respectively. As of December31, 2009, the Company had approximately $1.3billion remaining under a share repurchase authorization. The Company may also reacquire shares of its common stock under its 2005 ICP and 2008 Plan related to restricted stock awards. Restricted shares that are forfeited before the vesting period has lapsed are recorded as treasury shares. In addition, the holders of restricted shares may elect to surrender a portion of their shares on the vesting date to cover their income tax obligations. These vested restricted shares reacquired by the Company and the Company's payment of the holders' income tax obligations are recorded as a treasury share purchase. The restricted shares forfeited and recorded as treasury shares under the 2005 ICP and 2008 Plan were 0.3million shares in each of the years ended December31, 2009, 2008 and 2007. For each of the years ended December31, 2009, 2008 and 2007, the Company reacquired 0.5million of its common stock through the surrender of restricted shares upon vesting and paid in the aggregate $11million, $24million and $29million, respectively, related to the holders' income tax obligations on the vesting date. In 2009, the Company issued and sold 36million shares of its common stock. The proceeds of $869million will be used for general corporate purposes, including the Company's pending acquisition of the long-term asset management business of Columbia, which is expected to close in the spring of 2010. See Note5 for additional information on the Company's pending acquisition of Columbia. In 2008, the Company reissued 1.8million treasury shares for restricted stock award grants and the issuance of shares vested under the P2 Deferral Plan and the Transition and Opportunity Bonus ("TO Bonus") program. In 2005, the Company awarded bonuses to advisors under the TO Bonus program which were converted to 2.0million share-based awards under the 2005 ICP. The awards had all been issued as of December31, 2008.

Segment Information

Segment Information
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Segment Information	26.Segment Information The Company's five segments are Advice Wealth Management, Asset Management, Annuities, Protection and Corporate Other. Each segment records revenues and expenses as if they were each a stand-alone business using the Company's transfer pricing methodology. Transfer pricing uses rates that approximate market-based arm's length prices for specific services provided. The Company reviews the transfer pricing rates periodically and makes appropriate adjustments to ensure the transfer pricing rates that approximate arm's length market prices remain at current market levels. Costs related to shared services are allocated to segments based on their usage of the services provided. The largest source of intersegment revenues and expenses is retail distribution services, where segments are charged transfer pricing rates that approximate arm's length market prices for distribution through the Advice Wealth Management segment. The Advice Wealth Management segment provides distribution services for affiliated and non-affiliated products and services. The Asset Management segment provides investment management services for the Company's owned assets and client assets, and accordingly charges investment and advisory management fees to the other segments. All costs related to shared services are allocated to the segments based on a rate times volume or fixed basis. The Advice Wealth Management segment provides financial planning and advice, as well as full service brokerage and banking services, primarily to retail clients through the Company's financial advisors. The Company's affiliated financial advisors utilize a diversified selection of both affiliated and non-affiliated products to help clients meet their financial needs. A significant portion of revenues in this segment is fee-based, driven by the level of client assets, which is impacted by both market movements and net asset flows. The Company also earns net investment income on owned assets primarily from certificate and banking products. This segment earns revenues (distribution fees) for distributing non-affiliated products and earns intersegment revenues (distribution fees) for distributing the Company's affiliated products and services provided to its retail clients. Intersegment expenses for this segment include expenses for investment management services provided by the Asset Management segment. The Asset Management segment provides investment advice and investment products to retail and institutional clients. RiverSource Investments predominantly provides U.S. domestic products and services and Threadneedle predominantly provides international investment products and services. U.S. domestic retail products are primarily distributed through the Advice Wealth Management segment and also through unaffiliated advisors. International retail products are primarily distributed through third parties. Retail products include mutual funds, variable product funds underlying insurance and annuity separate accounts, separately managed accounts and collective funds. Asset Management products are also distributed directly to institutions through an institutional sales

Restructuring Charges

Restructuring Charges
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Restructuring Charges	27.Restructuring Charges The Company announced a restructuring charge of $60million in the fourth quarter of 2008 primarily through selective reductions in employee headcount largely in areas other than in the Company's client service operations. The liability balance was $7million and $58million as of December31, 2009 and 2008, respectively.

Quarterly Financial Data

Quarterly Financial Data (Unaudited)
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Consolidated Financial Statements
Quarterly Financial Data (Unaudited)	28.Quarterly Financial Data (Unaudited) 2009 2008 12/31 9/30 6/30 3/31 12/31 9/30 6/30 3/31 (in millions, except per share data) Net revenues(1) $ 2,269 $ 1,946 $ 1,874 $ 1,716 $ 1,335 $ 1,626 $ 1,965 $ 1,990 Pretax income (loss) 331 340 115 134 (671 ) (176 ) 232 190 Net income (loss) 274 260 87 116 (399 ) (84 ) 205 186 Net income (loss) attributable to Ameriprise Financial $ 237 $ 260 $ 95 $ 130 $ (369 ) $ (70 ) $ 210 $ 191 Earnings (loss) per share attributable to Ameriprise Financial common shareholders: Basic $ 0.92 $ 1.00 $ 0.41 $ 0.58 $ (1.69 ) $ (0.32 ) $ 0.94 $ 0.84 Diluted $ 0.90 $ 1.00 $ 0.41 $ 0.58 $ (1.69 )(2) $ (0.32 )(2) $ 0.93 $ 0.82 Weighted average common shares outstanding: Basic 258.9 258.7 228.8 222.3 218.5 219.1 223.2 228.4 Diluted 263.3 260.7 230.0 223.5 220.3 221.7 226.0 231.5 Cash dividends paid per common share $ 0.17 $ 0.17 $ 0.17 $ 0.17 $ 0.17 $ 0.17 $ 0.15 $ 0.15 Common share price: High $ 40.00 $ 37.36 $ 31.16 $ 25.61 $ 39.48 $ 49.76 $ 56.17 $ 57.55 Low $ 34.14 $ 21.60 $ 19.76 $ 13.50 $ 11.74 $ 32.03 $ 40.60 $ 45.65 (1) Certain prior period amounts have been reclassified to conform to the current period's presentation. (2) Diluted shares used in this calculation represent basic shares due to the net loss. Using actual diluted shares would

Schedule I - Condensed Financia

Schedule I - Condensed Financial Information of Registrant (Parent Company Only)
	12 Months Ended Dec. 31, 2009 USD / shares
Condensed Financial Information of Registrant
Schedule I - Condensed Financial Information of Registrant (Parent Company Only)	SCHEDULE I CONDENSED FINANCIAL INFORMATION OF REGISTRANT CONDENSED STATEMENTS OF OPERATIONS (Parent Company Only) Years Ended December31, 2009 2008 2007 (in millions) Revenues Management and financial advice fees $ 53 $ 70 $ 85 Net investment income 7 43 27 Other revenues 68 62 9 Total revenues 128 175 121 Banking and deposit interest expense 1 2 6 Total net revenues 127 173 115 Expenses Interest and debt expense $ 127 $ 108 $ 112 Separation costs 75 General and administrative expense 271 323 262 Total expenses 398 431 449 Pretax loss before equity in earnings of subsidiaries (271 ) (258 ) (334 ) Income tax benefit (114 ) (154 ) (142 ) Loss before equity in earnings of subsidiaries (157 ) (104 ) (192 ) Equity in earnings of subsidiaries 879 66 1,006 Net income (loss) $ 722 $ (38 ) $ 814 See Notes to Consolidated Financial Statements. SCHEDULE I CONDENSED FINANCIAL INFORMATION OF REGISTRANT CONDENSED BALANCE SHEETS (Parent Company Only) December31, 2009 2008 (in millions, except share data) Assets Cash and cash equivalents $ 938 $ 734 Investments 93 91 Receivables 24 32 Due from subsidiaries 798 623 Land, buildings, equipment, and software, net of accumulated depreciation of $650and$580, respectively 317 522 Investments in subsidiaries 9,251 6,601 Other assets 244 289 Total assets $ 11,665 $ 8,892 Liabilities and Shareholders' Equity Liabilities: Accounts payable and accrued expenses $ 156 $ 164 Due to subsidiaries 44 179 Debt 1,862 1,957 Other liabilities 330 414 Total liabilities 2,392 2,714 Equity: Common shares ($.01 par value; shares authorized, 1,250,000,000; shares issued, 295,839,581and 256,432,623, respectively) 3 3 Additional paid-in capital 5,748 4,688 Retained earnings 5,282 4,592 Treasury shares, at cost (40,744,090 and 39,921,924 shares, respectively) (2,023 ) (2,012 ) Accumulated other comprehensive income (loss), net of tax, including amounts applicable to equity investments in subsidiaries: 263 (1,093 ) Total shareholders' equity 9,273 6,178 Total liabilities and equity $ 11,665 $ 8,892 See Notes to Consolidated Financial Statements. SCHEDULE I CONDENSED FINANCIAL INFORMATION OF REGISTRANT CONDENSED STATEMENTS OF CASH FLOWS (Parent Company Only) Years Ended December31, 2009 2008 2007 (in millions) Cash Flows from Operating Activities Net income (loss)

Document and Entity Information

Document and Entity Information (USD $)
In Billions, except Share data	12 Months Ended Dec. 31, 2009	Feb. 12, 2010	Jun. 30, 2009
Document Entity Information
Entity Registrant Name	AMERIPRISE FINANCIAL INC
Entity Central Index Key	0000820027
Document Type	10-K
Document Period End Date	2009-12-31
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			6.2
Entity Common Stock, Shares Outstanding		255,502,590