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Investments (Tables)
6 Months Ended
Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]  
Summary of investments [Table Text Block]
The following is a summary of Ameriprise Financial investments:
 
June 30,
2017
 
December 31,
2016
(in millions)
Available-for-Sale securities, at fair value
$
30,647

 
$
30,719

Mortgage loans, net
2,993

 
2,986

Policy and certificate loans
836

 
831

Other investments
1,459

 
1,298

Total
$
35,935

 
$
35,834

Summary of net investment income [Table Text Block]
The following is a summary of net investment income:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
2017
 
2016
2017
 
2016
(in millions)
Investment income on fixed maturities
$
335

 
$
343

 
$
672

 
$
686

Net realized gains (losses)
21

 
5

 
38

 
(11
)
Affordable housing partnerships
(13
)
 
(11
)
 
(25
)
 
(18
)
Other
20

 
5

 
44

 
(12
)
Consolidated investment entities
28

 
30

 
53

 
58

Total
$
391

 
$
372

 
$
782

 
$
703

Available-for-Sale Securities Disclosure [Table Text Block]
Available-for-Sale securities distributed by type were as follows:
Description of Securities
June 30, 2017
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Noncredit OTTI (1)
 
(in millions)
Corporate debt securities
$
14,762

 
$
1,133

 
$
(38
)
 
$
15,857

 
$

Residential mortgage backed securities
6,876

 
80

 
(35
)
 
6,921

 

Commercial mortgage backed securities
3,407

 
63

 
(27
)
 
3,443

 

Asset backed securities
1,644

 
40

 
(6
)
 
1,678

 
7

State and municipal obligations
2,206

 
234

 
(17
)
 
2,423

 

U.S. government and agencies obligations
6

 
1

 

 
7

 

Foreign government bonds and obligations
285

 
20

 
(5
)
 
300

 

Common stocks
9

 
10

 
(1
)
 
18

 
6

Total
$
29,195

 
$
1,581

 
$
(129
)
 
$
30,647

 
$
13

Description of Securities
December 31, 2016
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Noncredit OTTI (1)
 
(in millions)
Corporate debt securities
$
15,231

 
$
1,065

 
$
(60
)
 
$
16,236

 
$

Residential mortgage backed securities
6,899

 
86

 
(67
)
 
6,918

 
(3
)
Commercial mortgage backed securities
3,347

 
59

 
(39
)
 
3,367

 

Asset backed securities
1,532

 
33

 
(16
)
 
1,549

 
5

State and municipal obligations
2,195

 
198

 
(35
)
 
2,358

 

U.S. government and agencies obligations
7

 
1

 

 
8

 

Foreign government bonds and obligations
251

 
17

 
(7
)
 
261

 

Common stocks
10

 
13

 
(1
)
 
22

 
6

Total
$
29,472

 
$
1,472

 
$
(225
)
 
$
30,719

 
$
8

(1) 
Represents the amount of other-than-temporary impairment (“OTTI”) losses in accumulated other comprehensive income (“AOCI”). Amount includes unrealized gains and losses on impaired securities subsequent to the initial impairment measurement date. These amounts are included in gross unrealized gains and losses as of the end of the period.
Investments with fixed maturities disclosure [Table Text Block]
A summary of fixed maturity securities by rating was as follows:
Ratings
June 30, 2017
 
December 31, 2016
Amortized Cost
 
Fair Value
 
Percent of 
Total Fair Value
Amortized Cost
 
Fair Value
 
Percent of 
Total Fair Value
 
(in millions, except percentages)
AAA
$
9,884

 
$
9,964

 
33
%
 
$
9,252

 
$
9,305

 
31
%
AA
1,900

 
2,109

 
7

 
1,729

 
1,906

 
6

A
5,050

 
5,520

 
18

 
5,157

 
5,567

 
18

BBB
11,085

 
11,748

 
38

 
11,739

 
12,340

 
40

Below investment grade (1)
1,267

 
1,288

 
4

 
1,585

 
1,579

 
5

Total fixed maturities
$
29,186

 
$
30,629

 
100
%
 
$
29,462

 
$
30,697

 
100
%

(1) 
The amortized cost and fair value of below investment grade securities includes interest in CLOs managed by the Company of $7 million and $14 million, respectively, at June 30, 2017, and $9 million and $14 million, respectively, at December 31, 2016. These securities are not rated but are included in below investment grade due to their risk characteristics.
Available-for-Sale securities continuous unrealized loss disclosure [Table Text Block]
The following tables provide information about Available-for-Sale securities with gross unrealized losses and the length of time that individual securities have been in a continuous unrealized loss position:
Description of Securities
June 30, 2017
Less than 12 months
 
12 months or more
 
Total
Number of Securities
 
Fair Value
 
Unrealized Losses
Number of Securities
 
Fair Value
 
Unrealized Losses
Number of Securities
 
Fair Value
 
Unrealized Losses
 
(in millions, except number of securities)
Corporate debt securities
138

 
$
1,687

 
$
(17
)
 
21

 
$
171

 
$
(21
)
 
159

 
$
1,858

 
$
(38
)
Residential mortgage backed securities
104

 
1,948

 
(22
)
 
132

 
1,087

 
(13
)
 
236

 
3,035

 
(35
)
Commercial mortgage backed securities
92

 
1,367

 
(26
)
 
4

 
29

 
(1
)
 
96

 
1,396

 
(27
)
Asset backed securities
42

 
502

 
(4
)
 
17

 
156

 
(2
)
 
59

 
658

 
(6
)
State and municipal obligations
108

 
230

 
(5
)
 
3

 
118

 
(12
)
 
111

 
348

 
(17
)
Foreign government bonds and obligations
11

 
38

 

 
14

 
21

 
(5
)
 
25

 
59

 
(5
)
Common stocks
1

 

 

 
3

 
1

 
(1
)
 
4

 
1

 
(1
)
Total
496

 
$
5,772

 
$
(74
)
 
194

 
$
1,583

 
$
(55
)
 
690

 
$
7,355

 
$
(129
)
Description of Securities
December 31, 2016
Less than 12 months
 
12 months or more
 
Total
Number of Securities
 
Fair Value
 
Unrealized Losses
Number of Securities
 
Fair Value
 
Unrealized Losses
Number of Securities
 
Fair Value
 
Unrealized Losses
 
(in millions, except number of securities)
Corporate debt securities
187

 
$
2,452

 
$
(33
)
 
38

 
$
377

 
$
(27
)
 
225

 
$
2,829

 
$
(60
)
Residential mortgage backed securities
127

 
2,533

 
(33
)
 
177

 
1,290

 
(34
)
 
304

 
3,823

 
(67
)
Commercial mortgage backed securities
100

 
1,583

 
(39
)
 
5

 
43

 

 
105

 
1,626

 
(39
)
Asset backed securities
48

 
524

 
(9
)
 
27

 
298

 
(7
)
 
75

 
822

 
(16
)
State and municipal obligations
181

 
374

 
(14
)
 
3

 
110

 
(21
)
 
184

 
484

 
(35
)
Foreign government bonds and obligations
7

 
30

 
(1
)
 
15

 
23

 
(6
)
 
22

 
53

 
(7
)
Common stocks

 

 

 
3

 
1

 
(1
)
 
3

 
1

 
(1
)
Total
650

 
$
7,496

 
$
(129
)
 
268

 
$
2,142

 
$
(96
)
 
918

 
$
9,638

 
$
(225
)
Credit losses on available-for-sale securities disclosure [Table Text Block]
The following table presents a rollforward of the cumulative amounts recognized in the Consolidated Statements of Operations for other-than-temporary impairments related to credit losses on Available-for-Sale securities for which a portion of the securities’ total other-than-temporary impairments was recognized in other comprehensive income (loss) (“OCI”):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
2017
 
2016
2017
 
2016
(in millions)
Beginning balance
$
70

 
$
81

 
$
69

 
$
85

Credit losses for which an other-than-temporary impairment was not previously recognized

 

 

 
1

Credit losses for which an other-than-temporary impairment was previously recognized

 

 
1

 

Reductions for securities sold during the period (realized)
(68
)
 

 
(68
)
 
(5
)
Ending balance
$
2

 
$
81

 
$
2

 
$
81

Available-for-Sale securities recognized in earnings disclosure [Table Text Block]
Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method, recognized in earnings were as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
2017
 
2016
2017
 
2016
(in millions)
Gross realized gains
$
25

 
$
10

 
$
44

 
$
14

Gross realized losses
(4
)
 
(5
)
 
(4
)
 
(9
)
Other-than-temporary impairments

 

 
(1
)
 
(1
)
Total
$
21

 
$
5

 
$
39

 
$
4

Available-for-Sale securities contractual maturity disclosure [Table Text Block]
Available-for-Sale securities by contractual maturity as of June 30, 2017 were as follows:
 
Amortized Cost
 
Fair Value
(in millions)
Due within one year
$
2,002

 
$
2,024

Due after one year through five years
6,784

 
7,064

Due after five years through 10 years
4,107

 
4,255

Due after 10 years
4,366

 
5,244

 
17,259

 
18,587

Residential mortgage backed securities
6,876

 
6,921

Commercial mortgage backed securities
3,407

 
3,443

Asset backed securities
1,644

 
1,678

Common stocks
9

 
18

Total
$
29,195

 
$
30,647