SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT

12 Months Ended

Dec. 31, 2014

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)
	Years Ended December 31,
	2014			2013			2012
	(in millions)
Revenues
Management and financial advice fees	$	—		$	4		$	1
Distribution fees	—			1			—
Net investment income	30			33			29
Other revenues	11			7			9
Total revenues	41			45			39
Banking and deposit interest expense	—			—			3
Total net revenues	41			45			36
Expenses
Benefits, claims, losses and settlement expenses	11			19			—
Distribution expenses	—			—			(5		)
Interest and debt expense	118			123			94
General and administrative expense	195			221			255
Total expenses	324			363			344
Pretax loss before equity in earnings of subsidiaries	(283		)	(318		)	(308		)
Income tax benefit	(88		)	(85		)	(104		)
Loss before equity in earnings of subsidiaries	(195		)	(233		)	(204		)
Equity in earnings of subsidiaries excluding discontinued operations	1,816			1,570			1,235
Net income from continuing operations	1,621			1,337			1,031
Loss from discontinued operations, net of tax	(2		)	(3		)	(2		)
Net income	$	1,619		$	1,334		$	1,029
See Notes to Condensed Financial Information of Registrant.

Schedule I — Condensed Financial Information of Registrant Condensed Statements of Comprehensive Income (Parent Company Only)
	Years Ended December 31,
	2014			2013			2012
	(in millions)
Net income	$	1,619		$	1,334		$	1,029
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	(40		)	12			21
Net unrealized gains (losses) on securities:
Net unrealized securities gains (losses) arising during the period	345			(971		)	588
Reclassification of net securities gains included in net income	(25		)	(5		)	(5		)
Impact on deferred acquisition costs, deferred sales inducement costs, unearned revenue, benefit reserves and reinsurance recoverables	(189		)	319			(154		)
Total net unrealized gains (losses) on securities	131			(657		)	429
Net unrealized gains on derivatives:
Net unrealized derivative gains arising during the period	—			—			10
Reclassification of net derivative losses (gains) included in net income	1			1			(1		)
Total net unrealized gains on derivatives	1			1			9
Defined benefit plans:
Prior service credit	(1		)	(1		)	(1		)
Net income (loss) arising during the period	(24		)	46			(15		)
Total defined benefit plans	(25		)	45			(16		)
Total other comprehensive income (loss), net of tax	67			(599		)	443
Total comprehensive income	$	1,686		$	735		$	1,472
See Notes to Condensed Financial Information of Registrant.

Schedule I — Condensed Financial Information of Registrant Condensed Balance Sheets (Parent Company Only)
	December 31,
	2014			2013
(in millions, except share amounts)
Assets
Cash and cash equivalents	$	1,257		$	925
Investments	1,181			743
Loans to subsidiaries	167			457
Due from subsidiaries	212			416
Receivables	22			64
Land, buildings, equipment, and software, net of accumulated depreciation of $823 and $805, respectively	232			250
Investments in subsidiaries	7,762			7,652
Other assets	1,577			1,224
Total assets	$	12,410		$	11,731
Liabilities and Shareholders’ Equity
Liabilities:
Accounts payable and accrued expenses	$	211		$	191
Due to subsidiaries	329			54
Borrowings from subsidiaries	349			351
Debt	3,062			2,720
Other liabilities	569			560
Total liabilities	4,520			3,876
Shareholders’ Equity:
Common shares ($.01 par value; shares authorized, 1,250,000,000; shares issued, 320,990,255 and 316,816,851, respectively)	3			3
Additional paid-in capital	7,345			6,929
Retained earnings	8,469			7,289
Treasury shares, at cost (137,880,746 and 124,698,544 shares, respectively)	(8,589		)	(6,961		)
Accumulated other comprehensive income, net of tax, including amounts applicable to equity investments in subsidiaries	662			595
Total shareholders’ equity	7,890			7,855
Total liabilities and equity	$	12,410		$	11,731
See Notes to Condensed Financial Information of Registrant.

Schedule I — Condensed Financial Information of Registrant Condensed Statements of Cash Flows (Parent Company Only)
	Years Ended December 31,
	2014			2013			2012
	(in millions)
Cash Flows from Operating Activities
Net income	$	1,619		$	1,334		$	1,029
Equity in earnings of subsidiaries excluding discontinued operations	(1,816		)	(1,570		)	(1,235		)
Loss from discontinued operations, net of tax	2			3			2
Dividends received from subsidiaries	1,569			1,163			1,366
Other operating activities, primarily with subsidiaries	614			(34		)	197
Net cash provided by operating activities	1,988			896			1,359
Cash Flows from Investing Activities
Available-for-Sale securities:
Proceeds from sales	62			2			—
Maturities, sinking fund payments and calls	284			191			30
Purchases	(756		)	(109		)	—
Proceeds from sale of other investments	—			43			1
Purchase of other investments	(50		)	(1		)	(55		)
Purchase of land, buildings, equipment and software	(40		)	(54		)	(38		)
Contributions to subsidiaries	(31		)	(106		)	(131		)
Return of capital from subsidiaries	284			470			347
Repayment of loans to subsidiaries	3,402			1,420			1,150
Issuance of loans to subsidiaries	(3,112		)	(1,412		)	(994		)
Other, net	99			20			(16		)
Net cash provided by investing activities	142			464			294
Cash Flows from Financing Activities
Dividends paid to shareholders	(426		)	(401		)	(305		)
Repurchase of common shares	(1,577		)	(1,583		)	(1,381		)
Cash paid for purchased options with deferred premiums	(388		)	(4		)	—
Cash received for purchased options with deferred premiums	59			23			—
Issuances of debt, net of issuance costs	543			744			—
Repayments of debt	(200		)	(350		)	—
Loans from subsidiaries	15			—			—
Repayment of loans from subsidiaries	(15		)	—			—
Exercise of stock options	33			118			160
Excess tax benefits from share-based compensation	162			120			64
Other, net	(4		)	(2		)	(3		)
Net cash used in financing activities	(1,798		)	(1,335		)	(1,465		)
Net increase in cash and cash equivalents	332			25			188
Cash and cash equivalents at beginning of year	925			900			712
Cash and cash equivalents at end of year	$	1,257		$	925		$	900
Supplemental Disclosures:
Interest paid on debt	$	145		$	129		$	139
Income taxes paid, net	482			354			170
Non-cash dividends from subsidiaries	152			—			—
Non-cash contributions to subsidiaries	51			—			—
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 both December 31, 2014 and 2013, the debt of Ameriprise Financial included $50 million of repurchase agreements, which are accounted for as secured borrowings.

• As of December 31, 2014 and 2013, Ameriprise Financial had $150 million and $450 million, respectively, of borrowings from the Federal Home Loan Bank of Des Moines (“FHLB”), which is collateralized with commercial mortgage backed securities.

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. Effective April 30, 2014, this agreement was amended to revise the maximum commitment to $50 million. The previous maximum commitment, set March 2, 2009, was $115 million. For the years ended December 31, 2014, 2013 and 2012, ACC did not draw upon the Capital Support Agreement and had met all applicable capital requirements.