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Investments (Tables)
9 Months Ended
Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Summary of Investments [Table Text Block] The following is a summary of Ameriprise Financial investments:
 
September 30,
2018
 
December 31,
2017
(in millions)
Available-for-Sale securities, at fair value
$
30,840

 
$
30,927

Mortgage loans, net
2,684

 
2,756

Policy and certificate loans
854

 
845

Other investments
1,232

 
1,397

Total
$
35,610

 
$
35,925

Summary of Net Investment Income [Table Text Block] The following is a summary of net investment income:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
2018
 
2017
 
2018
 
2017
(in millions)
Investment income on fixed maturities
$
339

 
$
340

 
$
1,002

 
$
1,012

Net realized gains (losses)
4

 
(3
)
 
15

 
35

Affordable housing partnerships
(24
)
 
(17
)
 
(49
)
 
(42
)
Other
43

 
26

 
132

 
70

Consolidated investment entities
24

 
26

 
101

 
79

Total
$
386

 
$
372

 
$
1,201

 
$
1,154

Available-for-Sale Securities Disclosure [Table Text Block] Available-for-Sale securities distributed by type were as follows:
Description of Securities
September 30, 2018
Amortized Cost
 
Gross
Unrealized Gains
 
Gross
Unrealized Losses
 
Fair Value
 
Noncredit OTTI (1)
 
(in millions)
Corporate debt securities
$
13,880

 
$
658

 
$
(147
)
 
$
14,391

 
$

Residential mortgage backed securities
6,310

 
27

 
(112
)
 
6,225

 

Commercial mortgage backed securities
4,713

 
16

 
(134
)
 
4,595

 

Asset backed securities
1,459

 
30

 
(12
)
 
1,477

 
2

State and municipal obligations
2,190

 
183

 
(14
)
 
2,359

 

U.S. government and agencies obligations
1,495

 

 

 
1,495

 

Foreign government bonds and obligations
296

 
10

 
(8
)
 
298

 

Total
$
30,343

 
$
924

 
$
(427
)
 
$
30,840

 
$
2

Description of Securities
December 31, 2017
Amortized Cost
 
Gross
Unrealized Gains
 
Gross
Unrealized Losses
 
Fair Value
 
Noncredit OTTI (1)
 
(in millions)
Corporate debt securities
$
13,976

 
$
1,131

 
$
(32
)
 
$
15,075

 
$

Residential mortgage backed securities
6,585

 
63

 
(37
)
 
6,611

 

Commercial mortgage backed securities
4,362

 
48

 
(36
)
 
4,374

 

Asset backed securities
1,549

 
36

 
(5
)
 
1,580

 
1

State and municipal obligations
2,215

 
259

 
(11
)
 
2,463

 

U.S. government and agencies obligations
502

 
1

 

 
503

 

Foreign government bonds and obligations
298

 
20

 
(4
)
 
314

 

Common stocks
5

 
3

 
(1
)
 
7

 

Total
$
29,492

 
$
1,561

 
$
(126
)
 
$
30,927

 
$
1

(1) 
Represents the amount of other-than-temporary impairment (“OTTI”) losses in 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.
Fixed Maturity Securities by Rating Disclosure [Table Text Block] A summary of fixed maturity securities by rating was as follows:
Ratings
September 30, 2018
 
December 31, 2017
Amortized Cost
 
Fair Value
 
Percent of Total Fair Value
Amortized Cost
 
Fair Value
 
Percent of Total Fair Value
 
(in millions, except percentages)
AAA
$
12,764

 
$
12,551

 
41
%
 
$
11,293

 
$
11,331

 
37
%
AA
1,659

 
1,801

 
6

 
1,898

 
2,114

 
7

A
4,158

 
4,394

 
14

 
4,760

 
5,243

 
17

BBB
10,807

 
11,140

 
36

 
10,317

 
10,989

 
35

Below investment grade (1)
955

 
954

 
3

 
1,219

 
1,243

 
4

Total fixed maturities
$
30,343

 
$
30,840

 
100
%
 
$
29,487

 
$
30,920

 
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 $9 million, respectively, at September 30, 2018, and $6 million and $7 million, respectively, at December 31, 2017. 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
September 30, 2018
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
366

 
$
5,808

 
$
(105
)
 
79

 
$
840

 
$
(42
)
 
445

 
$
6,648

 
$
(147
)
Residential mortgage backed securities
177

 
3,137

 
(48
)
 
145

 
1,675

 
(64
)
 
322

 
4,812

 
(112
)
Commercial mortgage backed securities
116

 
1,987

 
(61
)
 
85

 
1,245

 
(73
)
 
201

 
3,232

 
(134
)
Asset backed securities
49

 
722

 
(7
)
 
24

 
206

 
(5
)
 
73

 
928

 
(12
)
State and municipal obligations
165

 
391

 
(7
)
 
80

 
214

 
(7
)
 
245

 
605

 
(14
)
Foreign government bonds and obligations
15

 
53

 
(3
)
 
14

 
17

 
(5
)
 
29

 
70

 
(8
)
Total
888

 
$
12,098

 
$
(231
)
 
427

 
$
4,197

 
$
(196
)
 
1,315

 
$
16,295

 
$
(427
)
Description of Securities
December 31, 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
150

 
$
1,791

 
$
(8
)
 
70

 
$
740

 
$
(24
)
 
220

 
$
2,531

 
$
(32
)
Residential mortgage backed securities
102

 
1,772

 
(11
)
 
130

 
1,467

 
(26
)
 
232

 
3,239

 
(37
)
Commercial mortgage backed securities
67

 
1,178

 
(12
)
 
58

 
783

 
(24
)
 
125

 
1,961

 
(36
)
Asset backed securities
36

 
424

 
(2
)
 
26

 
187

 
(3
)
 
62

 
611

 
(5
)
State and municipal obligations
76

 
141

 
(1
)
 
34

 
180

 
(10
)
 
110

 
321

 
(11
)
Foreign government bonds and obligations
3

 
6

 

 
15

 
23

 
(4
)
 
18

 
29

 
(4
)
Common stocks

 

 

 
4

 
1

 
(1
)
 
4

 
1

 
(1
)
Total
434

 
$
5,312

 
$
(34
)
 
337

 
$
3,381

 
$
(92
)
 
771

 
$
8,693

 
$
(126
)
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 OCI:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
2018
 
2017
2018
 
2017
(in millions)
Beginning balance
$

 
$
2

 
$
2

 
$
69

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

 

 

 
1

Reductions for securities sold during the period (realized)

 

 

 
(68
)
Ending balance
$

 
$
2

 
$
2

 
$
2

Net Realized Gains and Losses on Available-for-Sale Securities 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 September 30,
 
Nine Months Ended September 30,
2018
 
2017
2018
 
2017
(in millions)
Gross realized investment gains
$
4

 
$
6

 
$
15

 
$
50

Gross realized investment losses

 
(2
)
 
(1
)
 
(6
)
Other-than-temporary impairments

 

 

 
(1
)
Total
$
4

 
$
4

 
$
14

 
$
43

Available-for-Sale Securities Contractual Maturity Disclosure [Table Text Block] Available-for-Sale securities by contractual maturity as of September 30, 2018 were as follows:
 
Amortized Cost
 
Fair Value
(in millions)
Due within one year
$
3,251

 
$
3,265

Due after one year through five years
6,187

 
6,192

Due after five years through 10 years
3,912

 
3,882

Due after 10 years
4,511

 
5,204

 
17,861

 
18,543

Residential mortgage backed securities
6,310

 
6,225

Commercial mortgage backed securities
4,713

 
4,595

Asset backed securities
1,459

 
1,477

Total
$
30,343

 
$
30,840