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Investments (Tables)
 6 Months Ended
Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]  
Summary of Investments [Table Text Block]
The following is a summary of Ameriprise Financial investments:June 30, 2020December 31, 2019
(in millions)
Available-for-Sale securities, at fair value (net of allowance for credit losses: 2020, $14)
$34,442  $33,129  
Mortgage loans, net (net of allowance for credit losses: 2020, $28; 2019, $19)
2,809  2,778  
Policy loans856  868  
Other investments (net of allowance for credit losses: 2020, $14; 2019, $5)
1,101  1,140  
Total$39,208  $37,915  
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,
2020201920202019
(in millions)
Investment income on fixed maturities$290  $344  $612  $697  
Net realized gains (losses)(3) (1)—  (22) (1)4  
Affordable housing partnerships(22) (17) (36) (32) 
Other23  16  45  48  
Consolidated investment entities17  25  34  48  
Total$305  $368  $633  $765  
(1) Includes the change in the allowance for credit losses of $(4) million and $(28) million for the three months and six months ended June 30, 2020, respectively.
Available-for-Sale Securities Disclosure [Table Text Block]
Available-for-Sale securities distributed by type were as follows:June 30, 2020
Description of Securities
Amortized Cost
Gross
Unrealized Gains		Gross
Unrealized Losses
Allowance for Credit Losses
Fair Value
 (in millions)
Corporate debt securities$11,197  $1,549  $(36) $(13) $12,697  
Residential mortgage backed securities9,783  185  (12) —  9,956  
Commercial mortgage backed securities5,731  205  (56) —  5,880  
Asset backed securities2,800  42  (28) (1) 2,813  
State and municipal obligations1,092  275  (2) —  1,365  
U.S. government and agency obligations1,464  1  —  —  1,465  
Foreign government bonds and obligations251  18  (3) —  266  
Total$32,318  $2,275  $(137) $(14) $34,442  
Description of SecuritiesDecember 31, 2019
Amortized CostGross
Unrealized Gains		Gross
Unrealized Losses		Fair Value
 (in millions)
Corporate debt securities$10,847  $1,344  $(4) $12,187  
Residential mortgage backed securities9,954  94  (19) 10,029  
Commercial mortgage backed securities5,473  96  (6) 5,563  
Asset backed securities1,968  42  (4) 2,006  
State and municipal obligations1,131  238  (2) 1,367  
U.S. government and agency obligations1,679  1  —  1,680  
Foreign government bonds and obligations254  19  (2) 271  
Other securities26  —  —  26  
Total$31,332  $1,834  $(37) $33,129  
Fixed Maturity Securities by Rating Disclosure [Table Text Block]
A summary of fixed maturity securities by rating was as follows:
Ratings
June 30, 2020December 31, 2019
Amortized CostFair ValuePercent of Total Fair ValueAmortized CostFair ValuePercent of Total Fair Value
 (in millions, except percentages)
AAA$18,997  $19,324  56 %$18,256  $18,437  56 %
AA1,080  1,311  4  1,113  1,304  4  
A3,185  3,724  11  3,008  3,474  10  
BBB7,865  8,870  26  8,178  9,102  28  
Below investment grade (1)
1,191  1,213  3  777  812  2  
Total fixed maturities$32,318  $34,442  100 %$31,332  $33,129  100 %
(1) The amortized cost and fair value of below investment grade securities includes interest in CLOs managed by the Company of $4 million and $3 million, respectively, as of June 30, 2020, and $5 million and $6 million, respectively, as of December 31, 2019. 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 SecuritiesJune 30, 2020
Less than 12 months12 months or moreTotal
Number of SecuritiesFair Value
Unrealized Losses (1)
Number of SecuritiesFair Value
Unrealized Losses (1)
Number of SecuritiesFair Value
Unrealized Losses (1)
 (in millions, except number of securities)
Corporate debt securities
65  $407  $(40) 10  $40  $(9) 75  $447  $(49) 
Residential mortgage backed securities
133  1,774  (8) 87  800  (4) 220  2,574  (12) 
Commercial mortgage backed securities
50  1,433  (54) 9  140  (2) 59  1,573  (56) 
Asset backed securities
79  1,308  (25) 10  171  (4) 89  1,479  (29) 
State and municipal obligations
4  55  (2) 1  4  —  5  59  (2) 
Foreign government bonds and obligations
6  22  (1) 9  10  (2) 15  32  (3) 
Total
337  $4,999  $(130) 126  $1,165  $(21) 463  $6,164  $(151) 
(1) Unrealized losses of $14 million due to credit-related factors is recorded in the allowance for credit losses as of June 30, 2020.
Description of SecuritiesDecember 31, 2019
Less than 12 months12 months or moreTotal
Number of SecuritiesFair ValueUnrealized LossesNumber of SecuritiesFair ValueUnrealized LossesNumber of SecuritiesFair ValueUnrealized Losses
 
(in millions, except number of securities)
Corporate debt securities
13  $66  $(1) 23  $173  $(3) 36  $239  $(4) 
Residential mortgage backed securities
150  4,328  (10) 118  1,164  (9) 268  5,492  (19) 
Commercial mortgage backed securities
52  1,622  (3) 31  314  (3) 83  1,936  (6) 
Asset backed securities
34  598  (3) 16  213  (1) 50  811  (4) 
State and municipal obligations
5  23  —  4  57  (2) 9  80  (2) 
Foreign government bonds and obligations
1  —  —  10  15  (2) 11  15  (2) 
Total
255  $6,637  $(17) 202  $1,936  $(20) 457  $8,573  $(37) 
Credit Losses on Available-for-Sale Securities Disclosure [Table Text Block]
The following tables present a rollforward of the allowance for credit losses on Available-for-Sale securities:
Corporate Debt SecuritiesAsset Back SecuritiesTotal
(in millions)
Balance, April 1, 2020
$13  $—  $13  
Additions for which credit losses were not previously recorded
—  —  —  
Additional increases (decreases) on securities that had an allowance recorded in a previous period
—  1  1  
Balance, June 30, 2020
$13  $1  $14  
Corporate Debt SecuritiesAsset Back SecuritiesTotal
(in millions)
Balance, January 1, 2020 (1)
$—  $—  $—  
Additions for which credit losses were not previously recorded
13  —  13  
Additional increases (decreases) on securities that had an allowance recorded in a previous period
—  1  1  
Balance, June 30, 2020
$13  $1  $14  
(1) Prior to January 1, 2020, credit losses on Available-for-Sale securities were not recorded in an allowance but were recorded as a reduction of the book value of the security if the security was other-than-temporarily impaired. There is no adoption impact due to the prospective transition for Available-for-Sale securities.
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 net investment income were as follows:
 Three Months Ended June 30, Six Months Ended June 30,
2020201920202019
(in millions)
Gross realized investment gains
$5  $3  $13  $22  
Gross realized investment losses
—  (3) (3) (12) 
Credit losses
(1) —  (14) (5) 
Total
$4  $—  $(4) $5  
Available-for-Sale Securities Contractual Maturity Disclosure [Table Text Block]
Available-for-Sale securities by contractual maturity as of June 30, 2020 were as follows:
Amortized CostFair Value
(in millions)
Due within one year$2,759  $2,774  
Due after one year through five years5,007  5,290  
Due after five years through 10 years2,273  2,545  
Due after 10 years3,965  5,184  
 14,004  15,793  
Residential mortgage backed securities9,783  9,956  
Commercial mortgage backed securities5,731  5,880  
Asset backed securities2,800  2,813  
Total$32,318  $34,442