Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2013

Derivative instruments

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]

The following is a summary of unrealized derivatives gains (losses) included in accumulated other comprehensive income related to cash flow hedges:

	2013			2012			2011
	(in millions)
Net unrealized derivatives gains (losses) at January 1	$	(2	)	$	(11	)	$	18
Holding gains (losses)	—			14			(10		)
Reclassification of realized (gains) losses	1			(1		)	(34		)
Income tax benefit (provision)	—			(4		)	15
Net unrealized derivatives losses at December 31	$	(1	)	$	(2	)	$	(11	)

Schedule of gross fair value of derivative instruments, including embedded derivatives

The following table presents the balance sheet location and the gross fair value of derivative instruments, including embedded derivatives:

		Assets					Liabilities
	Balance Sheet Location	December 31,				Balance Sheet Location	December 31,
		2013		2012			2013				2012
		(in millions)					(in millions)
Derivatives designated as hedging instruments
Fair value hedges
Fixed rate debt	Other assets	$	82	$	167	Other liabilities	$	—			$	—
Total qualifying hedges		82		167			—				—
Derivatives not designated as hedging instruments
GMWB and GMAB
Interest rate contracts	Other assets	1,484		2,191		Other liabilities	1,672				1,486
Equity contracts	Other assets	1,741		1,215		Other liabilities	3,028				1,792
Credit contracts	Other assets	3		—		Other liabilities	—				—
Foreign currency contracts	Other assets	2		6		Other liabilities	—				—
Embedded derivatives (1)	N/A	—		—		Policyholder account balances, future policy benefits and claims	(575		)	(2)	833
Total GMWB and GMAB		3,230		3,412			4,125				4,111
Other derivatives:
Interest rate
Macro hedge program	Other assets	4		—		Other liabilities	21				—
Equity
Macro hedge program	Other assets	—		—		Other liabilities	8				—
EIA embedded derivatives	N/A	—		—		Policyholder account balances, future policy benefits and claims	5				2
IUL	Other assets	27		6		Other liabilities	13				1
IUL embedded derivatives	N/A	—		—		Policyholder account balances, future policy benefits and claims	125				45
Stock market certificates	Other assets	73		37		Other liabilities	66				30
Stock market certificates embedded derivatives	N/A	—		—		Customer deposits	7				8
Foreign exchange
Foreign currency	Other assets	2		—		Other liabilities	—				1
Commodity
Seed money	Other assets	—		1		Other liabilities	—				—
Total other		106		44			245				87
Total non-designated hedges		3,336		3,456			4,370				4,198
Total derivatives		$	3,418	$	3,623		$	4,370			$	4,198

Schedule of payments to make and receive for options

The deferred premium associated with certain of the above options is paid or received semi-annually over the life of the option contract or at maturity. The following is a summary of the payments the Company is scheduled to make and receive for these options:

	Premiums Payable		Premiums Receivable
	(in millions)
2014	$	378	$	86
2015	349		67
2016	305		51
2017	240		45
2018	196		56
2019-2027	601		79
Total	$	2,069	$	384

Not Designated as Hedges

Derivative instruments

Schedule of gain (loss) on derivative instruments

The following table presents a summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations:

Derivatives not designated as hedging instruments	Location of Gain (Loss) on Derivatives Recognized in Income	Amount of Gain (Loss) on Derivatives Recognized in Income
		Years Ended December 31,
		2013			2012			2011
		(in millions)
GMWB and GMAB
Interest rate contracts	Benefits, claims, losses and settlement expenses	$	(742	)	$	17		$	709
Equity contracts	Benefits, claims, losses and settlement expenses	(1,103		)	(1,218		)	326
Credit contracts	Benefits, claims, losses and settlement expenses	6			(2		)	(12		)
Foreign currency contracts	Benefits, claims, losses and settlement expenses	26			(1		)	(2		)
Embedded derivatives (1)	Benefits, claims, losses and settlement expenses	1,408			752			(1,165		)
Total GMWB and GMAB		(405		)	(452		)	(144		)
Other derivatives:
Interest rate
Macro hedge program	Benefits, claims, losses and settlement expenses	(15		)	—			—
Bank assets	Net investment income	—			(7		)	—
Tax hedge	Net investment income	—			1			—
Interest rate lock commitments	Other revenues	—			—			(1		)
Seed money	Net investment income	2			—			—
Equity
Macro hedge program	Benefits, claims, losses and settlement expenses	(8		)	—			—
IUL	Interest credited to fixed accounts	11			1			1
IUL embedded derivatives	Interest credited to fixed accounts	16			(4		)	(3		)
EIA	Interest credited to fixed accounts	3			1			(1		)
EIA embedded derivatives	Interest credited to fixed accounts	(3		)	1			1
Stock market certificates	Banking and deposit interest expense	7			6			1
Stock market certificates embedded derivatives	Banking and deposit interest expense	(6		)	(5		)	—
Seed money	Net investment income	(17		)	(6		)	4
Ameriprise Financial Franchise Advisor Deferred Compensation Plan	Distribution expenses	—			5			(4		)
Deferred compensation	Distribution expenses	9			—			—
Deferred compensation	General and administrative expense	5			—			—
Foreign exchange
Seed money	General and administrative expense	—			—			(1		)
Foreign currency	Net investment income	(2		)	—			(3		)
Commodity
Seed money	Net investment income	1			—			1
Total other		3			(7		)	(5		)
Total derivatives		$	(402	)	$	(459	)	$	(149	)

Cash flow hedges

Derivative instruments

Schedule of gain (loss) on derivative instruments

The following tables present the impact of the effective portion of the Company’s cash flow hedges on the Consolidated Statements of Operations and the Consolidated Statements of Equity:

	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives
	December 31,
Derivatives designated as hedging instruments	2013		2012		2011
	(in millions)
Interest on debt	$	—	$	14	$	(11	)
Asset-based distribution fees	—		—		1
Total	$	—	$	14	$	(10	)

	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	December 31,
	2013			2012			2011
	(in millions)
Other revenues	$	—		$	3		$	27
Interest and debt expense	4			4			4
Distribution fees	—			—			9
Net investment income	(5		)	(6		)	(6		)
Total	$	(1	)	$	1		$	34

Fair value hedges

Derivative instruments

Schedule of gain (loss) on derivative instruments

The following table presents the amounts recognized in income related to fair value hedges:

Derivatives designated as hedging instruments	Location of Gain Recorded into Income	Amount of Gain Recognized in Income on Derivatives
		December 31,
		2013		2012		2011
		(in millions)
Fixed rate debt	Interest and debt expense	$	57	$	37	$	41