SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT

12 Months Ended

Dec. 31, 2016

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,
	2016			2015			2014
	(in millions)
Revenues
Management and financial advice fees	$	(1	)	$	(1	)	$	—
Net investment income	14			2			30
Other revenues	9			14			11
Total revenues	22			15			41
Banking and deposit interest expense	1			—			—
Total net revenues	21			15			41
Expenses
Benefits, claims, losses and settlement expenses	41			13			11
Interest and debt expense	113			124			118
General and administrative expense	192			193			195
Total expenses	346			330			324
Pretax loss before equity in earnings of subsidiaries	(325		)	(315		)	(283		)
Income tax benefit	(146		)	(123		)	(88		)
Loss before equity in earnings of subsidiaries	(179		)	(192		)	(195		)
Equity in earnings of subsidiaries excluding discontinued operations	1,493			1,754			1,816
Net income from continuing operations	1,314			1,562			1,621
Loss from discontinued operations, net of tax	—			—			(2		)
Net income	1,314			1,562			1,619
Other comprehensive income (loss), net of tax	(59		)	(409		)	67
Total comprehensive income	$	1,255		$	1,153		$	1,686
See Notes to Condensed Financial Information of Registrant.

Schedule I — Condensed Financial Information of Registrant Condensed Balance Sheets (Parent Company Only)
	December 31,
	2016			2015 (1)
	(in millions, except share amounts)
Assets
Cash and cash equivalents	$	754		$	661
Investments	314			513
Loans to subsidiaries	167			167
Due from subsidiaries	452			227
Receivables	10			40
Land, buildings, equipment, and software, net of accumulated depreciation of $1,055 and $993, respectively	221			294
Restricted and segregated cash	24			—
Investments in subsidiaries	7,739			7,753
Other assets	1,240			1,410
Total assets	$	10,921		$	11,065
Liabilities and Shareholders’ Equity
Liabilities:
Accounts payable and accrued expenses	$	524		$	198
Due to subsidiaries	88			148
Borrowings from subsidiaries	364			331
Long-term debt	2,917			2,692
Other liabilities	736			642
Total liabilities	4,629			4,011
Shareholders’ Equity:
Common shares ($.01 par value; shares authorized, 1,250,000,000; shares issued, 324,006,315 and 322,822,746, respectively)	3			3
Additional paid-in capital	7,765			7,611
Retained earnings	10,351			9,525
Treasury shares, at cost (169,246,411 and 151,789,486 shares, respectively)	(12,027		)	(10,338		)
Accumulated other comprehensive income, net of tax, including amounts applicable to equity     investments in subsidiaries	200			253
Total shareholders’ equity	6,292			7,054
Total liabilities and equity	$	10,921		$	11,065
(1) Certain prior period amounts have been restated. See Note 1 for more information. See Notes to Consolidated Financial Statements.

Schedule I — Condensed Financial Information of Registrant Condensed Statements of Cash Flows (Parent Company Only)
	Years Ended December 31,
	2016			2015			2014
	(in millions)
Cash Flows from Operating Activities
Net income	$	1,314		$	1,562		$	1,619
Equity in earnings of subsidiaries excluding discontinued operations	(1,493		)	(1,754		)	(1,816		)
Loss from discontinued operations, net of tax	—			—			2
Dividends received from subsidiaries	1,465			1,485			1,569
Other operating activities, primarily with subsidiaries	517			183			614
Net cash provided by operating activities	1,803			1,476			1,988
Cash Flows from Investing Activities
Available-for-Sale securities:
Proceeds from sales	55			112			62
Maturities, sinking fund payments and calls	277			506			284
Purchases	(129		)	(28		)	(756		)
Proceeds from sale of other investments	—			62			—
Purchase of other investments	—			(5		)	(50		)
Purchase of land, buildings, equipment and software	(49		)	(47		)	(40		)
Contributions to subsidiaries	(197		)	(271		)	(31		)
Return of capital from subsidiaries	187			146			284
Repayment of loans to subsidiaries	1,910			2,897			3,402
Issuance of loans to subsidiaries	(1,910		)	(2,897		)	(3,112		)
Other, net	59			7			99
Net cash provided by investing activities	203			482			142
Cash Flows from Financing Activities
Dividends paid to shareholders	(479		)	(465		)	(426		)
Repurchase of common shares	(1,707		)	(1,741		)	(1,577		)
Cash paid for purchased options with deferred premiums	(22		)	(19		)	(388		)
Cash received for purchased options with deferred premiums	—			—			59
Issuance of long-term debt, net of issuance costs	496			—			543
Repayments of long-term debt	(257		)	(409		)	(200		)
Borrowings from subsidiaries	—			—			15
Repayments of borrowings from subsidiaries	—			—			(15		)
Exercise of stock options	9			16			33
Excess tax benefits from share-based compensation	14			81			162
Other, net	33			(17		)	(4		)
Net cash used in financing activities	(1,913		)	(2,554		)	(1,798		)
Net increase (decrease) in cash and cash equivalents	93			(596		)	332
Cash and cash equivalents at beginning of year	661			1,257			925
Cash and cash equivalents at end of year	$	754		$	661		$	1,257
Supplemental Disclosures:
Interest paid on debt	$	121		$	154		$	145
Income taxes paid (received), net	(112		)	378			482
Non-cash dividends from subsidiaries	11			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 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 2016, there was a correction for the accrual of commission expense for periods prior to 2013 for certain insurance and annuity products. The Parent Company’s balance sheet as of December 31, 2015 has been revised to reflect the immaterial impact of the correction which decreased investment in subsidiaries by $26 million and decreased retained earnings by $26 million. The impact to prior period financial statements was not material.

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. Debt

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

• At both December 31, 2016 and 2015, the debt of Ameriprise Financial included $50 million of repurchase agreements, which are accounted for as secured borrowings.

• At both December 31, 2016 and 2015, Ameriprise Financial had $150 million of borrowings from the Federal Home Loan Bank of Des Moines, which is collateralized with commercial mortgage backed securities.

3. 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 of which nil was outstanding as of December 31, 2016 and 2015.

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 has committed revolving credit agreements with its subsidiaries as the lender aggregating $362 million as of December 31, 2016.

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, 2016, 2015 and 2014, 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, 2017, this agreement was amended to revise the expiration date to be April 1, 2018. For the year ended December 31, 2016, 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, 2016, AFSI had not made a demand of the principal amount.