SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT

12 Months Ended

Dec. 31, 2015

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,
	2015			2014			2013
	(in millions)
Revenues
Management and financial advice fees	$	(1	)	$	—		$	4
Distribution fees	—			—			1
Net investment income	2			30			33
Other revenues	14			11			7
Total revenues	15			41			45
Expenses
Benefits, claims, losses and settlement expenses	13			11			19
Interest and debt expense	124			118			123
General and administrative expense	193			195			221
Total expenses	330			324			363
Pretax loss before equity in earnings of subsidiaries	(315		)	(283		)	(318		)
Income tax benefit	(123		)	(88		)	(85		)
Loss before equity in earnings of subsidiaries	(192		)	(195		)	(233		)
Equity in earnings of subsidiaries excluding discontinued operations	1,754			1,816			1,570
Net income from continuing operations	1,562			1,621			1,337
Loss from discontinued operations, net of tax	—			(2		)	(3		)
Net income	1,562			1,619			1,334
Other comprehensive income (loss), net of tax	(409		)	67			(599		)
Total comprehensive income	$	1,153		$	1,686		$	735
See Notes to Condensed Financial Information of Registrant.

Schedule I — Condensed Financial Information of Registrant Condensed Balance Sheet (Parent Company Only)
	December 31,
	2015			2014
(in millions, except share amounts)
Assets
Cash and cash equivalents	$	661		$	1,257
Investments	513			1,181
Loans to subsidiaries	167			167
Due from subsidiaries	227			212
Receivables	40			22
Land, buildings, equipment, and software, net of accumulated depreciation of $993 and $823, respectively	294			232
Investments in subsidiaries	7,779			7,762
Other assets	1,425			1,577
Total assets	$	11,106		$	12,410
Liabilities and Shareholders’ Equity
Liabilities:
Accounts payable and accrued expenses	$	198		$	211
Due to subsidiaries	148			329
Borrowings from subsidiaries	331			349
Debt	2,707			3,062
Other liabilities	642			569
Total liabilities	4,026			4,520
Shareholders’ Equity:
Common shares ($.01 par value; shares authorized, 1,250,000,000; shares issued, 322,822,746 and 320,990,255, respectively)	3			3
Additional paid-in capital	7,611			7,345
Retained earnings	9,551			8,469
Treasury shares, at cost (151,789,486 and 137,880,746 shares, respectively)	(10,338		)	(8,589		)
Accumulated other comprehensive income, net of tax, including amounts applicable to equity investments in subsidiaries	253			662
Total shareholders’ equity	7,080			7,890
Total liabilities and equity	$	11,106		$	12,410
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,
	2015			2014			2013
	(in millions)
Cash Flows from Operating Activities
Net income	$	1,562		$	1,619		$	1,334
Equity in earnings of subsidiaries excluding discontinued operations	(1,754		)	(1,816		)	(1,570		)
Loss from discontinued operations, net of tax	—			2			3
Dividends received from subsidiaries	1,485			1,569			1,163
Other operating activities, primarily with subsidiaries	183			614			(34		)
Net cash provided by operating activities	1,476			1,988			896
Cash Flows from Investing Activities
Available-for-Sale securities:
Proceeds from sales	112			62			2
Maturities, sinking fund payments and calls	506			284			191
Purchases	(28		)	(756		)	(109		)
Proceeds from sale of other investments	62			—			43
Purchase of other investments	(5		)	(50		)	(1		)
Purchase of land, buildings, equipment and software	(47		)	(40		)	(54		)
Contributions to subsidiaries	(271		)	(31		)	(106		)
Return of capital from subsidiaries	146			284			470
Repayment of loans to subsidiaries	2,897			3,402			1,420
Issuance of loans to subsidiaries	(2,897		)	(3,112		)	(1,412		)
Other, net	7			99			20
Net cash provided by investing activities	482			142			464
Cash Flows from Financing Activities
Dividends paid to shareholders	(465		)	(426		)	(401		)
Repurchase of common shares	(1,741		)	(1,577		)	(1,583		)
Cash paid for purchased options with deferred premiums	(19		)	(388		)	(4		)
Cash received for purchased options with deferred premiums	—			59			23
Issuances of debt, net of issuance costs	—			543			744
Repayments of long-term debt	(409		)	(200		)	(350		)
Loans from subsidiaries	—			15			—
Repayment of loans from subsidiaries	(18		)	(15		)	—
Exercise of stock options	16			33			118
Excess tax benefits from share-based compensation	81			162			120
Other, net	1			(4		)	(2		)
Net cash used in financing activities	(2,554		)	(1,798		)	(1,335		)
Net increase (decrease) in cash and cash equivalents	(596		)	332			25
Cash and cash equivalents at beginning of year	1,257			925			900
Cash and cash equivalents at end of year	$	661		$	1,257		$	925
Supplemental Disclosures:
Interest paid on debt	$	154		$	145		$	129
Income taxes paid, net	378			482			354
Non-cash dividends from subsidiaries	52			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.

In the fourth quarter of 2015, the Parent Company recorded a capital lease that had previously been incorrectly recorded as an operating lease for Ameriprise Financial Center. The cumulative adjustment included a capital lease asset of $70 million, net of accumulated depreciation, and a related capital lease obligation of $60 million and a $10 million increase in pretax income. The impact to the prior period financial statements was not material. The lease term for Ameriprise Financial Center began in November 2000 and extends for 20 years, with several options to extend the term.

2. Discontinued Operations

The results of Securities America Financial Corporation and its subsidiaries (collectively, “Securities America”) have been presented as discontinued operations for all prior periods presented. The Company completed the sale of Securities America in the fourth quarter of 2011.

3. Debt

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

• At both December 31, 2015 and 2014, the debt of Ameriprise Financial included $50 million of repurchase agreements, which are accounted for as secured borrowings.

• At both December 31, 2015 and 2014, Ameriprise Financial had $150 million of borrowings from the Federal Home Loan Bank of Des Moines, which is collateralized with commercial mortgage backed securities.

4. Borrowings from Subsidiaries

The Parent Company has intercompany lending arrangements with its subsidiaries. At the end of each business day, taking into consideration all legal and regulatory requirements associated with its subsidiaries, Ameriprise Financial is entitled to draw on all funds in specified bank accounts. Repayment of all or a portion of the funds is due on demand. The Parent Company also has revolving credit agreements with its subsidiaries as the borrower aggregating $1.0 billion as of December 31, 2015, of which nil was outstanding.

5. 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 has committed revolving credit agreements with its subsidiaries as the lender aggregating $1.0 billion as of December 31, 2015.

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. For the years ended December 31, 2015, 2014 and 2013, ACC did not draw upon the Capital Support Agreement and had met all applicable capital requirements.

The Parent Company and IDS Property Casualty Insurance Company (“IDS Property Casualty”) entered into a Capital Support Agreement on September 30, 2015, pursuant to which the Parent Company agrees to commit such capital to IDS Property Casualty as is necessary to maintain IDS Property Casualty’s current financial strength ratings by AM Best. The maximum capital amount is $150 million. Effective February 1, 2016, this agreement was amended to revise the expiration date to be April 1, 2017. For the year ended December 31, 2015, IDS Property Casualty did not draw upon the Capital Support Agreement.

Ameriprise Financial Services Inc. (“AFSI”) entered into a FINRA approved subrogation agreement with the Parent Company on December 15, 2014 for regulatory net capital purposes. The agreement consists of a $200 million secured demand note. The note is secured by cash and securities equal to the principal value of the note pledged by the Parent Company. For the year ended December 31, 2015, AFSI had not made a demand of the principal amount.