Derivatives and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2014

Derivative Instruments, Gain (Loss)

Schedule of gross fair value of derivative instruments, including embedded derivatives [Table Text Block]

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

Derivatives designated as hedging instruments		Assets					Liabilities
	Balance Sheet Location	December 31,				Balance Sheet Location	December 31,
		2014		2013			2014		2013
		(in millions)					(in millions)
Fair value hedges
Fixed rate debt	Other assets	$	76	$	82	Other liabilities	$	—	$	—
Total qualifying hedges		76		82			—		—
Derivatives not designated as hedging instruments
GMWB and GMAB
Interest rate contracts	Other assets	1,955		1,484		Other liabilities	1,136		1,672
Equity contracts	Other assets	1,954		1,741		Other liabilities	2,650		2,918
Credit contracts	Other assets	—		3		Other liabilities	—		—
Foreign exchange contracts	Other assets	29		2		Other liabilities	2		—
Embedded derivatives (1)	N/A	—		—		Policyholder account balances, future policy benefits and claims (2)	479		(575		)
Total GMWB and GMAB		3,938		3,230			4,267		4,015
Other derivatives:
Equity
EIA embedded derivatives	N/A	—		—		Policyholder account balances, future policy benefits and claims	6		5
IUL	Other assets	39		27		Other liabilities	12		13
IUL embedded derivatives	N/A	—		—		Policyholder account balances, future policy benefits and claims	242		125
Stock market certificates	Other assets	46		73		Other liabilities	40		66
Stock market certificates embedded derivatives	N/A	—		—		Customer deposits	6		7
Foreign exchange
Foreign currency	Other assets	1		2		Other liabilities	—		—
Seed money	Other assets	—		—		Other liabilities	1		—
Other
Macro hedge program	Other assets	1		4		Other liabilities	114		139
Total other derivatives		87		106			421		355
Total non-designated hedges		4,025		3,336			4,688		4,370
Total derivatives		$	4,101	$	3,418		$	4,688	$	4,370

Schedule of payments to make and receive for options [Table Text Block]

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)
2015	$	393	$	70
2016	333		69
2017	271		70
2018	208		80
2019	226		71
2020-2027	493		118
Total	$	1,924	$	478

Derivatives not designated as hedging instruments [Member]

Derivative Instruments, Gain (Loss)

Schedule of gain (loss) on derivative instruments [Table Text Block]

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,
		2014			2013			2012
		(in millions)
GMWB and GMAB
Interest rate contracts	Benefits, claims, losses and settlement expenses	$	1,122		$	(742	)	$	17
Equity contracts	Benefits, claims, losses and settlement expenses	(304		)	(1,084		)	(1,218		)
Credit contracts	Benefits, claims, losses and settlement expenses	(33		)	6			(2		)
Foreign exchange contracts	Benefits, claims, losses and settlement expenses	(9		)	26			(1		)
Embedded derivatives (1)	Benefits, claims, losses and settlement expenses	(1,054		)	1,408			752
Total GMWB and GMAB		(278		)	(386		)	(452		)
Other derivatives:
Interest rate
Bank assets	Net investment income	—			—			(7		)
Tax hedge	Net investment income	3			—			1
Seed money	Net investment income	(2		)	2			—
Equity
IUL	Interest credited to fixed accounts	20			11			1
IUL embedded derivatives	Interest credited to fixed accounts	(27		)	(16		)	4
EIA	Interest credited to fixed accounts	1			3			1
EIA embedded derivatives	Interest credited to fixed accounts	(2		)	(3		)	1
Stock market certificates	Banking and deposit interest expense	3			7			6
Stock market certificates embedded derivatives	Banking and deposit interest expense	(3		)	(6		)	(5		)
Seed money	Net investment income	(4		)	(17		)	(6		)
Ameriprise Financial Franchise Advisor Deferred Compensation Plan	Distribution expenses	—			—			5
Deferred compensation	Distribution expenses	13			9			—
Deferred compensation	General and administrative expense	4			5			—
Foreign exchange
Foreign currency	Net investment income	2			(2		)	—
Deferred compensation	Distribution expenses	(5		)	—			—
Deferred compensation	General and administrative expense	(1		)	—			—
Commodity
Seed money	Net investment income	—			1			—
Other
Macro hedge program	Benefits, claims, losses and settlement expenses	(12		)	(42		)	—
Total other derivatives		(10		)	(48		)	1
Total derivatives		$	(288	)	$	(434	)	$	(451	)

Cash flow hedges [Member]

Derivative Instruments, Gain (Loss)

Schedule of gain (loss) on derivative instruments [Table Text Block]

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 Recognized in Other Comprehensive Income (Loss) on Derivatives
	Years Ended December 31,
Derivatives designated as hedging instruments	2014		2013		2012
	(in millions)
Interest on debt	$	—	$	—	$	14

	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income
Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	Years Ended December 31,
	2014			2013			2012
	(in millions)
Other revenues	$	—		$	—		$	3
Interest and debt expense	4			4			4
Net investment income	(5		)	(5		)	(6		)
Total	$	(1	)	$	(1	)	$	1

Summary of unrealized derivative gains (losses) included in accumulated other comprehensive income (loss) related to cash flow hedges [Table Text Block]

The following is a summary of net unrealized derivatives losses included in AOCI related to cash flow hedges:

	2014			2013			2012
	(in millions)
Net unrealized derivatives losses at January 1	$	(1	)	$	(2	)	$	(11	)
Holding gains	—			—			14
Reclassification of realized (gains) losses	1			1			(1		)
Income tax provision	—			—			(4		)
Net unrealized derivatives losses at December 31	$	—		$	(1	)	$	(2	)

Fair value hedges [Member]

Derivative Instruments, Gain (Loss)

Schedule of gain (loss) on derivative instruments [Table Text Block]

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
		Years Ended December 31,
		2014		2013		2012
		(in millions)
Fixed rate debt	Interest and debt expense	$	33	$	57	$	37