SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT

12 Months Ended

Dec. 31, 2017

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,
	2017			2016			2015
	(in millions)
Revenues
Management and financial advice fees	$	(1	)	$	(1	)	$	(1	)
Net investment income	11			14			2
Other revenues	11			9			14
Total revenues	21			22			15
Banking and deposit interest expense	5			1			—
Total net revenues	16			21			15
Expenses
Benefits, claims, losses and settlement expenses	76			41			13
Distribution expense	18			—			—
Interest and debt expense	116			113			124
General and administrative expense	249			192			193
Total expenses	459			346			330
Pretax loss before equity in earnings of subsidiaries	(443		)	(325		)	(315		)
Income tax benefit	(47		)	(146		)	(123		)
Loss before equity in earnings of subsidiaries	(396		)	(179		)	(192		)
Equity in earnings of subsidiaries	1,876			1,493			1,754
Net income	1,480			1,314			1,562
Other comprehensive income (loss), net of tax	29			(59		)	(409		)
Total comprehensive income	$	1,509		$	1,255		$	1,153
See Notes to Condensed Financial Information of Registrant.

Schedule I — Condensed Financial Information of Registrant Condensed Balance Sheets (Parent Company Only)
	December 31,
	2017			2016
	(in millions, except share amounts)
Assets
Cash and cash equivalents	$	494		$	754
Investments	341			314
Loans to subsidiaries	227			167
Due from subsidiaries	382			452
Receivables	5			10
Land, buildings, equipment, and software, net of accumulated depreciation of $1,111 and $1,005, respectively	236			221
Restricted and segregated cash	—			24
Investments in subsidiaries	8,060			7,739
Other assets	1,146			1,240
Total assets	$	10,891		$	10,921
Liabilities and Shareholders’ Equity
Liabilities:
Accounts payable and accrued expenses	$	627		$	524
Due to subsidiaries	74			88
Borrowings from subsidiaries	363			364
Long-term debt	2,891			2,917
Other liabilities	938			736
Total liabilities	4,893			4,629
Shareholders’ Equity:
Common shares ($.01 par value; shares authorized, 1,250,000,000; shares issued, 327,506,935 and 324,006,315, respectively)	3			3
Additional paid-in capital	8,085			7,765
Retained earnings	11,329			10,351
Treasury shares, at cost (180,872,271 and 169,246,411 shares, respectively)	(13,648		)	(12,027		)
Accumulated other comprehensive income, net of tax, including amounts applicable to equity     investments in subsidiaries	229			200
Total shareholders’ equity	5,998			6,292
Total liabilities and equity	$	10,891		$	10,921
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,
	2017			2016			2015
	(in millions)
Cash Flows from Operating Activities
Net income	$	1,480		$	1,314		$	1,562
Equity in earnings of subsidiaries	(1,876		)	(1,493		)	(1,754		)
Dividends received from subsidiaries	1,698			1,465			1,485
Other operating activities, primarily with subsidiaries	712			528			262
Net cash provided by operating activities	2,014			1,814			1,555
Cash Flows from Investing Activities
Available-for-Sale securities:
Proceeds from sales	—			55			112
Maturities, sinking fund payments and calls	44			277			506
Purchases	(77		)	(129		)	(28		)
Proceeds from sale of other investments	3			—			62
Purchase of other investments	—			—			(5		)
Purchase of land, buildings, equipment and software	(69		)	(49		)	(47		)
Contributions to subsidiaries	(79		)	(197		)	(271		)
Return of capital from subsidiaries	47			187			146
Repayment of loans to subsidiaries	1,277			1,910			2,897
Issuance of loans to subsidiaries	(1,337		)	(1,910		)	(2,897		)
Other, net	(91		)	59			6
Net cash provided by investing activities	(282		)	203			481
Cash Flows from Financing Activities
Dividends paid to shareholders	(491		)	(479		)	(465		)
Repurchase of common shares	(1,485		)	(1,707		)	(1,741		)
Cash paid for purchased options with deferred premiums	(19		)	(22		)	(19		)
Issuance of long-term debt, net of issuance costs	—			496			—
Repayments of long-term debt	(11		)	(257		)	(409		)
Borrowings from subsidiaries	15			—			3
Repayments of borrowings from subsidiaries	(15		)	—			(18		)
Exercise of stock options	15			9			16
Other, net	(1		)	36			1
Net cash used in financing activities	(1,992		)	(1,924		)	(2,632		)
Net increase (decrease) in cash and cash equivalents	(260		)	93			(596		)
Cash and cash equivalents at beginning of year	754			661			1,257
Cash and cash equivalents at end of year	$	494		$	754		$	661
Supplemental Disclosures:
Interest paid on debt	$	128		$	121		$	154
Income taxes paid (received), net	(368		)	(112		)	378
Non-cash dividends from subsidiaries	—			11			52
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 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 2015, the 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 lease term for the 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, 2017 and 2016, the debt of Ameriprise Financial included $50 million of repurchase agreements, which are accounted for as secured borrowings.

• At both December 31, 2017 and 2016, 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, 2017 and 2016.

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 $366 million as of December 31, 2017.

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, 2017, 2016 and 2015, 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, 2018, this agreement was amended to revise the expiration date to be April 1, 2019. For the year ended December 31, 2017, 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, 2017, AFSI had not made a demand of the principal amount.