SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Parent Company Only)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Parent Company Only)

Schedule I — Condensed Financial Information of Registrant Condensed Statements of Operations (Parent Company Only)
	December 31,
	2013			2012			2011
Revenues	(in millions)
Management and financial advice fees	$	4		$	1		$	—
Distribution fees	1			—			9
Net investment income	33			29			18
Other revenues	7			9			30
Total revenues	45			39			57
Banking and deposit interest expense	—			3			—
Total net revenues	45			36			57
Expenses
Benefits, claims, losses and settlement expenses	19			—			—
Distribution expenses	—			(5		)	5
Interest and debt expense	123			94			95
General and administrative expense	221			255			223
Total expenses	363			344			323
Pretax loss before equity in earnings of subsidiaries	(318		)	(308		)	(266		)
Income tax benefit	(85		)	(104		)	(102		)
Loss before equity in earnings of subsidiaries	(233		)	(204		)	(164		)
Equity in earnings of subsidiaries excluding discontinued operations	1,570			1,235			1,340
Net income from continuing operations	1,337			1,031			1,176
Loss from discontinued operations, net of tax	(3		)	(2		)	(60		)
Net income	$	1,334		$	1,029		$	1,116
See Notes to Condensed Financial Information of Registrant.

Schedule I — Condensed Financial Information of Registrant Condensed Statements of Comprehensive Income (Parent Company Only)
	December 31,
	2013			2012			2011
	(in millions)
Net income	$	1,334		$	1,029		$	1,116
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	12			21			(2		)
Net unrealized gains (losses) on securities:
Net unrealized securities gains (losses) arising during the period	(971		)	588			376
Reclassification of net securities gains included in net income	(5		)	(5		)	—
Impact on deferred acquisition costs, deferred sales inducement costs, benefit reserves and reinsurance recoverables	319			(154		)	(193		)
Total net unrealized gains (losses) on securities	(657		)	429			183
Net unrealized gains (losses) on derivatives:
Net unrealized derivative gains (losses) arising during the period	—			10			(7		)
Reclassification of net derivative losses (gains) included in net income	1			(1		)	(22		)
Total net unrealized gains (losses) on derivatives	1			9			(29		)
Defined benefit plans:
Prior service credit	(1		)	(1		)	(1		)
Net income (loss) arising during the period	46			(15		)	(50		)
Total defined benefit plans	45			(16		)	(51		)
Total other comprehensive income (loss), net of tax	(599		)	443			101
Total comprehensive income	$	735		$	1,472		$	1,217
See Notes to Condensed Financial Information of Registrant.

Schedule I — Condensed Financial Information of Registrant Condensed Balance Sheet (Parent Company Only)
	December 31,
	2013			2012
(in millions, except share amounts)
Assets
Cash and cash equivalents	$	925		$	900
Investments	743			894
Loans to subsidiaries	457			467
Due from subsidiaries	416			225
Receivables	64			12
Land, buildings, equipment, and software, net of accumulated depreciation of $805 and $756, respectively	250			251
Investments in subsidiaries	7,652			8,200
Other assets	1,224			1,350
Total assets	$	11,731		$	12,299
Liabilities and Shareholders’ Equity
Liabilities:
Accounts payable and accrued expenses	$	191		$	198
Due to subsidiaries	405			330
Debt	2,720			2,403
Other liabilities	560			612
Total liabilities	3,876			3,543
Shareholders’ Equity:
Common shares ($.01 par value; shares authorized, 1,250,000,000; shares issued, 316,816,851 and 309,399,529, respectively)	3			3
Additional paid-in capital	6,929			6,503
Retained earnings	7,289			6,381
Treasury shares, at cost (124,698,544 and 105,456,535 shares, respectively)	(6,961		)	(5,325		)
Accumulated other comprehensive income, net of tax, including amounts applicable to equity investments in subsidiaries	595			1,194
Total shareholders’ equity	7,855			8,756
Total liabilities and equity	$	11,731		$	12,299
See Notes to Condensed Financial Information of Registrant.

Schedule I — Condensed Financial Information of Registrant Condensed Statements of Cash Flows (Parent Company Only)
	December 31,
	2013			2012			2011
	(in millions)
Cash Flows from Operating Activities
Net income	$	1,334		$	1,029		$	1,116
Equity in earnings of subsidiaries excluding discontinued operations	(1,570		)	(1,235		)	(1,340		)
Loss from discontinued operations, net of tax	3			2			60
Dividends received from subsidiaries	1,163			1,366			1,210
Other operating activities, primarily with subsidiaries	(34		)	197			(231		)
Net cash provided by operating activities	896			1,359			815
Cash Flows from Investing Activities
Available-for-Sale securities:
Proceeds from sales	2			—			—
Maturities, sinking fund payments and calls	191			30			239
Purchases	(109		)	—			(22		)
Proceeds from sale of other investments	43			1			—
Purchase of other investments	(1		)	(55		)	—
Purchase of land, buildings, equipment and software	(54		)	(38		)	(56		)
Contributions to subsidiaries	(106		)	(131		)	(128		)
Return of capital from subsidiaries	470			347			22
Proceeds from sale of business	—			—			150
Repayment of loans from subsidiaries	1,420			1,150			1,252
Issuance of loans to subsidiaries	(1,412		)	(994		)	(1,312		)
Other, net	20			(16		)	2
Net cash provided by investing activities	464			294			147
Cash Flows from Financing Activities
Dividends paid to shareholders	(401		)	(305		)	(212		)
Repurchase of common shares	(1,583		)	(1,381		)	(1,495		)
Cash paid for purchased options with deferred premiums	(4		)	—			—
Cash received for purchased options with deferred premiums	23			—			—
Issuances of debt, net of issuance costs	744			—			—
Repayments of debt	(350		)	—			(14		)
Exercise of stock options	118			160			66
Excess tax benefits from share-based compensation	120			64			90
Other, net	(2		)	(3		)	(1		)
Net cash used in financing activities	(1,335		)	(1,465		)	(1,566		)
Net increase (decrease) in cash and cash equivalents	25			188			(604		)
Cash and cash equivalents at beginning of year	900			712			1,316
Cash and cash equivalents at end of year	$	925		$	900		$	712
Supplemental Disclosures:
Interest paid on debt	$	129		$	139		$	139
Income taxes paid, net	354			170			334
Non-cash capital transactions from subsidiaries	—			—			(850		)
Non-cash financing activity:
Dividends declared but not paid	—			—			62
See Notes to Condensed Financial Information of Registrant.

Schedule I — Condensed Financial Information of Registrant

Notes to Condensed Financial Information of Registrant

(Parent Company Only)

1. Basis of Presentation

The accompanying Condensed Financial Statements include the accounts of Ameriprise Financial, Inc. (the “Registrant,” “Ameriprise Financial” or “Parent Company”) and, on an equity basis, its subsidiaries and affiliates. The appropriated retained earnings of consolidated investment entities are not included on the Parent Company Only Condensed Financial Statements. The financial statements have been prepared in accordance with U.S. generally accepted accounting principles. The financial information of the Parent Company should be read in conjunction with the Consolidated Financial Statements and Notes of Ameriprise Financial. Parent Company revenues and expenses, other than compensation and benefits and debt and interest expense, are primarily related to intercompany transactions with subsidiaries and affiliates.

The change in the fair value of derivative instruments used as hedges is reflected in the Parent Company Only Condensed Statements of Operations. For certain of these derivatives, the change in the hedged item is reflected in the subsidiaries’ Statements of Operations. The change in fair value of derivatives used to hedge asset-based distribution fees is included in distribution fees, while the underlying distribution fee revenue is reflected in equity in earnings of subsidiaries. The change in fair value of derivatives used to economically hedge exposure to equity price risk of Ameriprise Financial, Inc. common stock granted as part of the Ameriprise Financial Franchise Advisor Deferred Compensation Plan is included in distribution expenses, while the underlying distribution expenses are reflected in equity in earnings of subsidiaries. The change in fair value of certain derivatives used to economically hedge risk related to GMWB provisions is included in benefits, claims, losses and settlement expenses, while the underlying benefits, claims, losses and settlement expenses are reflected in equity in earnings of subsidiaries.

2. Discontinued Operations

In the fourth quarter of 2011, Ameriprise Financial sold Securities America for $150 million. The results of Securities America have been presented as loss from discontinued operations, net of tax for all periods presented.

3. Debt

All of the debt of Ameriprise Financial is borrowings of the Parent Company, except as indicated below.

• At December 31, 2013 and 2012, the debt of Ameriprise Financial included $50 million and $501 million of repurchase agreements, respectively, which are accounted for as secured borrowings.

• As of December 31, 2013, Ameriprise Financial had $450 million of borrowings from the Federal Home Loan Bank of Des Moines (“FHLB”), which is collateralized with commercial mortgage backed securities. We had no borrowings from the FHLB as of December 31, 2012.

4. Guarantees, Commitments and Contingencies

The Parent Company is the guarantor for operating leases of IDS Property Casualty Insurance Company and certain other subsidiaries.

All consolidated legal, regulatory and arbitration proceedings, including class actions of Ameriprise Financial, Inc. and its consolidated subsidiaries are potential or current obligations of the Parent Company.

The Parent Company and Ameriprise Certificate Company (“ACC”) entered into a Capital Support Agreement on March 2, 2009, pursuant to which the Parent Company agrees to commit such capital to ACC as is necessary to satisfy applicable minimum capital requirements, up to a maximum commitment of $115 million. For the years ended December 31, 2013, 2012 and 2011, ACC did not draw upon the Capital Support Agreement and had met all applicable capital requirements.