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Fair Values of Assets and Liabilities (Recurring) (Details) - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Liabilities    
Embedded derivative [1],[2] $ 2,579 $ 3,381
GMWB and GMAB embedded derivatives    
Liabilities    
Individual contracts in a liablity position 1,500 2,400
Individual contracts in an asset position 154 67
Ameriprise Financial    
Assets    
Available-for-Sale securities, at fair value 36,146 36,283
Separate account assets 96,854 92,611
Investments and cash equivalents segregated for regulatory purposes 2,382 2,558
Liabilities    
Cumulative increase (decrease) in embedded derivatives of adjustment for nonperformance risk 547 (727)
Ameriprise Financial | Corporate debt securities    
Assets    
Available-for-Sale securities, at fair value 13,676 13,674
Ameriprise Financial | Residential mortgage backed securities    
Assets    
Available-for-Sale securities, at fair value 9,682 10,029
Ameriprise Financial | Commercial mortgage backed securities    
Assets    
Available-for-Sale securities, at fair value 6,178 6,088
Ameriprise Financial | Asset backed securities    
Assets    
Available-for-Sale securities, at fair value 3,648 3,329
Ameriprise Financial | State and municipal obligations    
Assets    
Available-for-Sale securities, at fair value 1,319 1,384
Ameriprise Financial | U.S. government and agencies obligations    
Assets    
Available-for-Sale securities, at fair value 1,326 1,456
Ameriprise Financial | Foreign government bonds and obligations    
Assets    
Available-for-Sale securities, at fair value 223 262
Ameriprise Financial | Recurring basis    
Assets    
Cash equivalents 6,001 5,441
Available-for-Sale securities, at fair value 36,146 36,283
Investments at NAV [3] 8 8
Trading and other securities 51 88
Separate account assets [3] 96,854 92,611
Investments and cash equivalents segregated for regulatory purposes 765 600
Other assets: derivative contracts 6,120 5,870
Total assets at fair value 145,945 140,901
Liabilities    
Other 55 48
Other liabilities 4,576 4,360
Total liabilities at fair value 7,155 7,741
Ameriprise Financial | Recurring basis | Policyholder account balances, future policy benefits and claims embedded derivatives    
Liabilities    
Embedded derivative 2,573 [4] 3,373 [5]
Ameriprise Financial | Recurring basis | Fixed deferred indexed annuity embedded derivatives    
Liabilities    
Embedded derivative 58 52
Ameriprise Financial | Recurring basis | IUL embedded derivatives    
Liabilities    
Embedded derivative 928 935
Ameriprise Financial | Recurring basis | GMWB and GMAB embedded derivatives    
Liabilities    
Embedded derivative 1,373 [6] 2,316 [7]
Ameriprise Financial | Recurring basis | Structured annuity embedded derivatives    
Liabilities    
Embedded derivative 214 70
Ameriprise Financial | Recurring basis | Customer deposits - SMC embedded derivatives    
Liabilities    
Embedded derivative 6 8
Ameriprise Financial | Recurring basis | Interest rate derivative contracts    
Assets    
Other assets: derivative contracts 1,417 1,755
Liabilities    
Other liabilities: derivative contracts 558 734
Ameriprise Financial | Recurring basis | Equity derivative contracts    
Assets    
Other assets: derivative contracts 4,678 4,090
Liabilities    
Other liabilities: derivative contracts 3,950 3,571
Ameriprise Financial | Recurring basis | Credit derivative contracts    
Assets    
Other assets: derivative contracts 1 2
Liabilities    
Other liabilities: derivative contracts   1
Other liabilities 7  
Ameriprise Financial | Recurring basis | Foreign exchange derivative contracts    
Assets    
Other assets: derivative contracts 24 23
Liabilities    
Other liabilities: derivative contracts 6 6
Ameriprise Financial | Recurring basis | Corporate debt securities    
Assets    
Available-for-Sale securities, at fair value 13,676 13,674
Ameriprise Financial | Recurring basis | Residential mortgage backed securities    
Assets    
Available-for-Sale securities, at fair value 9,682 10,029
Ameriprise Financial | Recurring basis | Commercial mortgage backed securities    
Assets    
Available-for-Sale securities, at fair value 6,178 6,088
Ameriprise Financial | Recurring basis | Asset backed securities    
Assets    
Available-for-Sale securities, at fair value 3,648 3,329
Ameriprise Financial | Recurring basis | State and municipal obligations    
Assets    
Available-for-Sale securities, at fair value 1,319 1,384
Ameriprise Financial | Recurring basis | U.S. government and agencies obligations    
Assets    
Available-for-Sale securities, at fair value 1,326 1,456
Ameriprise Financial | Recurring basis | Foreign government bonds and obligations    
Assets    
Available-for-Sale securities, at fair value 223 262
Ameriprise Financial | Recurring basis | Other investments    
Assets    
Available-for-Sale securities, at fair value 94 61
Ameriprise Financial | Recurring basis | Level 1    
Assets    
Cash equivalents 2,359 2,935
Available-for-Sale securities, at fair value 1,326 1,456
Trading and other securities 20 61
Investments and cash equivalents segregated for regulatory purposes 765 600
Other assets: derivative contracts 452 410
Total assets at fair value 4,922 5,462
Liabilities    
Other 8 2
Other liabilities 169 187
Total liabilities at fair value 169 187
Ameriprise Financial | Recurring basis | Level 1 | Interest rate derivative contracts    
Assets    
Other assets: derivative contracts 2 1
Ameriprise Financial | Recurring basis | Level 1 | Equity derivative contracts    
Assets    
Other assets: derivative contracts 448 408
Liabilities    
Other liabilities: derivative contracts 160 183
Ameriprise Financial | Recurring basis | Level 1 | Foreign exchange derivative contracts    
Assets    
Other assets: derivative contracts 2 1
Liabilities    
Other liabilities: derivative contracts 1 2
Ameriprise Financial | Recurring basis | Level 1 | U.S. government and agencies obligations    
Assets    
Available-for-Sale securities, at fair value 1,326 1,456
Ameriprise Financial | Recurring basis | Level 2    
Assets    
Cash equivalents 3,642 2,506
Available-for-Sale securities, at fair value 34,423 34,014
Trading and other securities 31 27
Other assets: derivative contracts 5,668 5,460
Total assets at fair value 43,764 42,007
Liabilities    
Other 3 3
Other liabilities 4,363 4,130
Total liabilities at fair value 4,373 4,141
Ameriprise Financial | Recurring basis | Level 2 | Policyholder account balances, future policy benefits and claims embedded derivatives    
Liabilities    
Embedded derivative 4 3
Ameriprise Financial | Recurring basis | Level 2 | Fixed deferred indexed annuity embedded derivatives    
Liabilities    
Embedded derivative 4 3
Ameriprise Financial | Recurring basis | Level 2 | Customer deposits - SMC embedded derivatives    
Liabilities    
Embedded derivative 6 8
Ameriprise Financial | Recurring basis | Level 2 | Interest rate derivative contracts    
Assets    
Other assets: derivative contracts 1,415 1,754
Liabilities    
Other liabilities: derivative contracts 558 734
Ameriprise Financial | Recurring basis | Level 2 | Equity derivative contracts    
Assets    
Other assets: derivative contracts 4,230 3,682
Liabilities    
Other liabilities: derivative contracts 3,790 3,388
Ameriprise Financial | Recurring basis | Level 2 | Credit derivative contracts    
Assets    
Other assets: derivative contracts 1 2
Liabilities    
Other liabilities: derivative contracts   1
Other liabilities 7  
Ameriprise Financial | Recurring basis | Level 2 | Foreign exchange derivative contracts    
Assets    
Other assets: derivative contracts 22 22
Liabilities    
Other liabilities: derivative contracts 5 4
Ameriprise Financial | Recurring basis | Level 2 | Corporate debt securities    
Assets    
Available-for-Sale securities, at fair value 13,285 12,902
Ameriprise Financial | Recurring basis | Level 2 | Residential mortgage backed securities    
Assets    
Available-for-Sale securities, at fair value 9,682 10,020
Ameriprise Financial | Recurring basis | Level 2 | Commercial mortgage backed securities    
Assets    
Available-for-Sale securities, at fair value 6,178 6,088
Ameriprise Financial | Recurring basis | Level 2 | Asset backed securities    
Assets    
Available-for-Sale securities, at fair value 3,642 3,297
Ameriprise Financial | Recurring basis | Level 2 | State and municipal obligations    
Assets    
Available-for-Sale securities, at fair value 1,319 1,384
Ameriprise Financial | Recurring basis | Level 2 | Foreign government bonds and obligations    
Assets    
Available-for-Sale securities, at fair value 223 262
Ameriprise Financial | Recurring basis | Level 2 | Other investments    
Assets    
Available-for-Sale securities, at fair value 94 61
Ameriprise Financial | Recurring basis | Level 3    
Assets    
Available-for-Sale securities, at fair value 397 813
Total assets at fair value 397 813
Liabilities    
Other 44 43
Other liabilities 44 43
Total liabilities at fair value 2,613 3,413
Ameriprise Financial | Recurring basis | Level 3 | Policyholder account balances, future policy benefits and claims embedded derivatives    
Liabilities    
Embedded derivative 2,569 3,370
Ameriprise Financial | Recurring basis | Level 3 | Fixed deferred indexed annuity embedded derivatives    
Liabilities    
Embedded derivative 54 49
Ameriprise Financial | Recurring basis | Level 3 | IUL embedded derivatives    
Liabilities    
Embedded derivative 928 [1],[2] 935
Ameriprise Financial | Recurring basis | Level 3 | GMWB and GMAB embedded derivatives    
Liabilities    
Embedded derivative 1,373 2,316
Ameriprise Financial | Recurring basis | Level 3 | Structured annuity embedded derivatives    
Liabilities    
Embedded derivative 214 70
Ameriprise Financial | Recurring basis | Level 3 | Corporate debt securities    
Assets    
Available-for-Sale securities, at fair value 391 772
Ameriprise Financial | Recurring basis | Level 3 | Residential mortgage backed securities    
Assets    
Available-for-Sale securities, at fair value   9
Ameriprise Financial | Recurring basis | Level 3 | Asset backed securities    
Assets    
Available-for-Sale securities, at fair value $ 6 $ 32
[1] The fair value of freestanding derivative liabilities is included in Other liabilities on the Consolidated Balance Sheets. The fair value of GMWB and GMAB, IUL, fixed deferred indexed annuity and structured variable annuity embedded derivatives is included in Policyholder account balances, future policy benefits and claims on the Consolidated Balance Sheets. The fair value of the SMC embedded derivative liability is included in Customer deposits on the Consolidated Balance Sheets.
[2] The fair value of the Company’s derivative liabilities after considering the effects of master netting arrangements, cash collateral held by the same counterparty and the fair value of net embedded derivatives was $2.9 billion and $3.7 billion as of June 30, 2021 and December 31, 2020, respectively. See Note 12 for additional information related to master netting arrangements and cash collateral.
[3] Amounts are comprised of certain financial instruments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient and have not been classified in the fair value hierarchy.
[4] The Company’s adjustment for nonperformance risk resulted in a $547 million cumulative decrease to the embedded derivatives as of June 30, 2021.
[5] The Company’s adjustment for nonperformance risk resulted in a $727 million cumulative decrease to the embedded derivatives as of December 31, 2020.
[6] The fair value of the GMWB and GMAB embedded derivatives included $1.5 billion of individual contracts in a liability position and $154 million of individual contracts in an asset position (recorded as a contra liability) as of June 30, 2021.
[7] The fair value of the GMWB and GMAB embedded derivatives included $2.4 billion of individual contracts in a liability position and $67 million of individual contracts in an asset position (recorded as a contra liability) as of December 31, 2020.