XML 66 R56.htm IDEA: XBRL DOCUMENT v3.21.2
Investments - Summary of Fixed Maturity Securities by Rating (Details) - Ameriprise Financial - USD ($)
$ in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Investments    
Fixed maturity securities rated internally $ 545 $ 605
Amortized cost 28,408 33,601
Fair value 30,114 36,283
Holdings of single issuer greater than 10% of equity 0 0
AAA    
Investments    
Amortized cost 18,695 19,815
Fair value 18,871 20,253
AA    
Investments    
Amortized cost 727 1,082
Fair value 903 1,312
A    
Investments    
Amortized cost 1,748 2,953
Fair value 2,114 3,534
BBB    
Investments    
Amortized cost 6,273 8,271
Fair value 7,110 9,542
Below investment grade    
Investments    
Amortized cost [1] 965 1,480
Fair value [1] 1,116 1,642
CLOs | Below investment grade    
Investments    
Amortized cost 2 3
Fair value $ 2 $ 3
Total investments | Credit concentration risk | Fixed maturity securities    
Investments    
Percentage of total 90.00% 88.00%
Fixed maturity securities | Credit concentration risk    
Investments    
Percentage of total 100.00% 100.00%
Fixed maturity securities | Credit concentration risk | AAA    
Investments    
Percentage of total 63.00% 56.00%
Fixed maturity securities | Credit concentration risk | AA    
Investments    
Percentage of total 3.00% 3.00%
Fixed maturity securities | Credit concentration risk | A    
Investments    
Percentage of total 7.00% 10.00%
Fixed maturity securities | Credit concentration risk | BBB    
Investments    
Percentage of total 23.00% 26.00%
Fixed maturity securities | Credit concentration risk | Below investment grade    
Investments    
Percentage of total 4.00% 5.00%
Fixed maturity securities | Credit concentration risk | GNMA, FNMA and FHLMC mortgage backed securities. | AAA    
Investments    
Percentage of total 32.00% 33.00%
[1] Both the amortized cost and fair value of below investment grade securities includes interest in non-consolidated CLOs managed by the Company of $2 million as of September 30, 2021, and $3 million as of December 31, 2020. These securities are not rated but are included in below investment grade due to their risk characteristics.