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Fair Values of Assets and Liabilities - Recurring Basis (Details) - USD ($)
$ in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Liabilities    
Liabilities embedded derivatives, net [1],[2] $ 2,633 $ 3,381
GMWB and GMAB embedded derivatives    
Assets    
Receivables: embedded derivatives 142 67
Liabilities    
Liabilities embedded derivatives 1,600 2,400
Ameriprise Financial    
Assets    
Available-for-Sale: Fixed maturities, at fair value 30,114 36,283
Separate account assets at NAV 95,129 92,611
Investments and cash equivalents segregated for regulatory purposes 2,351 2,558
Ameriprise Financial | Corporate debt securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 9,725 13,674
Ameriprise Financial | Residential mortgage backed securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 9,699 10,029
Ameriprise Financial | Commercial mortgage backed securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 4,795 6,088
Ameriprise Financial | Asset backed securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 3,495 3,329
Ameriprise Financial | State and municipal obligations    
Assets    
Available-for-Sale: Fixed maturities, at fair value 1,104 1,384
Ameriprise Financial | U.S. government and agencies obligations    
Assets    
Available-for-Sale: Fixed maturities, at fair value 1,196 1,456
Ameriprise Financial | Foreign government bonds and obligations    
Assets    
Available-for-Sale: Fixed maturities, at fair value 87 262
Ameriprise Financial | Other securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 13 61
Ameriprise Financial | Policyholder account balances, future policy benefits and claims embedded derivatives    
Liabilities    
Cumulative increase (decrease) in embedded derivatives of adjustment for nonperformance risk (550) 727
Ameriprise Financial | Level 3 | Corporate debt securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 520 772
Ameriprise Financial | Level 3 | Fixed Deferred Indexed Annuity Ceded Embedded Derivatives    
Assets    
Receivables: embedded derivatives 56  
Ameriprise Financial | Level 3 | Fixed deferred indexed annuity embedded derivatives    
Liabilities    
Liabilities embedded derivatives 54 49
Ameriprise Financial | Level 3 | IUL embedded derivatives    
Liabilities    
Liabilities embedded derivatives 917 935
Ameriprise Financial | Level 3 | GMWB and GMAB embedded derivatives    
Liabilities    
Liabilities embedded derivatives, net 1,436 2,316
Ameriprise Financial | Level 3 | Structured variable annuity embedded derivatives    
Liabilities    
Liabilities embedded derivatives 217 70
Ameriprise Financial | Recurring basis    
Assets    
Cash equivalents 6,399 5,441
Available-for-Sale: Fixed maturities, at fair value 30,114 36,283
Investments at NAV [3] 8 8
Trading and other securities 33 88
Separate account assets at NAV [3] 95,129 92,611
Investments and cash equivalents segregated for regulatory purposes 650 600
Other assets: derivative contracts 5,687 5,870
Total assets at fair value 138,076 140,901
Liabilities    
Other 52 48
Other liabilities 4,166 4,360
Total liabilities at fair value 6,799 7,741
Ameriprise Financial | Recurring basis | Corporate debt securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 9,725 13,674
Ameriprise Financial | Recurring basis | Residential mortgage backed securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 9,699 10,029
Ameriprise Financial | Recurring basis | Commercial mortgage backed securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 4,795 6,088
Ameriprise Financial | Recurring basis | Asset backed securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 3,495 3,329
Ameriprise Financial | Recurring basis | State and municipal obligations    
Assets    
Available-for-Sale: Fixed maturities, at fair value 1,104 1,384
Ameriprise Financial | Recurring basis | U.S. government and agencies obligations    
Assets    
Available-for-Sale: Fixed maturities, at fair value 1,196 1,456
Ameriprise Financial | Recurring basis | Foreign government bonds and obligations    
Assets    
Available-for-Sale: Fixed maturities, at fair value 87 262
Ameriprise Financial | Recurring basis | Other securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 13 61
Ameriprise Financial | Recurring basis | Fixed Deferred Indexed Annuity Ceded Embedded Derivatives    
Assets    
Receivables: embedded derivatives 56  
Ameriprise Financial | Recurring basis | Policyholder account balances, future policy benefits and claims embedded derivatives    
Liabilities    
Liabilities embedded derivatives, net 2,628 [4] 3,373 [5]
Ameriprise Financial | Recurring basis | Fixed deferred indexed annuity embedded derivatives    
Liabilities    
Liabilities embedded derivatives 58 52
Ameriprise Financial | Recurring basis | IUL embedded derivatives    
Liabilities    
Liabilities embedded derivatives 917 935
Ameriprise Financial | Recurring basis | GMWB and GMAB embedded derivatives    
Liabilities    
Liabilities embedded derivatives, net 1,436 [6] 2,316 [7]
Ameriprise Financial | Recurring basis | Structured variable annuity embedded derivatives    
Liabilities    
Liabilities embedded derivatives 217 70
Ameriprise Financial | Recurring basis | Customer deposits - SMC embedded derivatives    
Liabilities    
Liabilities embedded derivatives 5 8
Ameriprise Financial | Recurring basis | Interest rate derivative contracts    
Assets    
Other assets: derivative contracts 1,185 1,755
Liabilities    
Other liabilities: derivative contracts 476 734
Ameriprise Financial | Recurring basis | Equity derivative contracts    
Assets    
Other assets: derivative contracts 4,465 4,090
Liabilities    
Other liabilities: derivative contracts 3,619 3,571
Ameriprise Financial | Recurring basis | Credit derivative contracts    
Assets    
Other assets: derivative contracts 18 2
Liabilities    
Other liabilities: derivative contracts   1
Ameriprise Financial | Recurring basis | Foreign exchange derivative contracts    
Assets    
Other assets: derivative contracts 19 23
Liabilities    
Other liabilities: derivative contracts 19 6
Ameriprise Financial | Recurring basis | Level 1    
Assets    
Cash equivalents 3,077 2,935
Available-for-Sale: Fixed maturities, at fair value 1,196 1,456
Trading and other securities 11 61
Investments and cash equivalents segregated for regulatory purposes 650 600
Other assets: derivative contracts 487 410
Total assets at fair value 5,421 5,462
Liabilities    
Other 8 2
Other liabilities 179 187
Total liabilities at fair value 179 187
Ameriprise Financial | Recurring basis | Level 1 | U.S. government and agencies obligations    
Assets    
Available-for-Sale: Fixed maturities, at fair value 1,196 1,456
Ameriprise Financial | Recurring basis | Level 1 | Interest rate derivative contracts    
Assets    
Other assets: derivative contracts 1 1
Ameriprise Financial | Recurring basis | Level 1 | Equity derivative contracts    
Assets    
Other assets: derivative contracts 486 408
Liabilities    
Other liabilities: derivative contracts 169 183
Ameriprise Financial | Recurring basis | Level 1 | Foreign exchange derivative contracts    
Assets    
Other assets: derivative contracts   1
Liabilities    
Other liabilities: derivative contracts 2 2
Ameriprise Financial | Recurring basis | Level 2    
Assets    
Cash equivalents 3,322 2,506
Available-for-Sale: Fixed maturities, at fair value 28,391 34,014
Trading and other securities 22 27
Other assets: derivative contracts 5,200 5,460
Total assets at fair value 36,935 42,007
Liabilities    
Other 4 3
Other liabilities 3,947 4,130
Total liabilities at fair value 3,956 4,141
Ameriprise Financial | Recurring basis | Level 2 | Corporate debt securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 9,205 12,902
Ameriprise Financial | Recurring basis | Level 2 | Residential mortgage backed securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 9,699 10,020
Ameriprise Financial | Recurring basis | Level 2 | Commercial mortgage backed securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 4,795 6,088
Ameriprise Financial | Recurring basis | Level 2 | Asset backed securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 3,488 3,297
Ameriprise Financial | Recurring basis | Level 2 | State and municipal obligations    
Assets    
Available-for-Sale: Fixed maturities, at fair value 1,104 1,384
Ameriprise Financial | Recurring basis | Level 2 | Foreign government bonds and obligations    
Assets    
Available-for-Sale: Fixed maturities, at fair value 87 262
Ameriprise Financial | Recurring basis | Level 2 | Other securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 13 61
Ameriprise Financial | Recurring basis | Level 2 | Policyholder account balances, future policy benefits and claims embedded derivatives    
Liabilities    
Liabilities embedded derivatives, net 4 3
Ameriprise Financial | Recurring basis | Level 2 | Fixed deferred indexed annuity embedded derivatives    
Liabilities    
Liabilities embedded derivatives 4 3
Ameriprise Financial | Recurring basis | Level 2 | Customer deposits - SMC embedded derivatives    
Liabilities    
Liabilities embedded derivatives 5 8
Ameriprise Financial | Recurring basis | Level 2 | Interest rate derivative contracts    
Assets    
Other assets: derivative contracts 1,184 1,754
Liabilities    
Other liabilities: derivative contracts 476 734
Ameriprise Financial | Recurring basis | Level 2 | Equity derivative contracts    
Assets    
Other assets: derivative contracts 3,979 3,682
Liabilities    
Other liabilities: derivative contracts 3,450 3,388
Ameriprise Financial | Recurring basis | Level 2 | Credit derivative contracts    
Assets    
Other assets: derivative contracts 18 2
Liabilities    
Other liabilities: derivative contracts   1
Ameriprise Financial | Recurring basis | Level 2 | Foreign exchange derivative contracts    
Assets    
Other assets: derivative contracts 19 22
Liabilities    
Other liabilities: derivative contracts 17 4
Ameriprise Financial | Recurring basis | Level 3    
Assets    
Available-for-Sale: Fixed maturities, at fair value 527 813
Total assets at fair value 583 813
Liabilities    
Other 40 43
Other liabilities 40 43
Total liabilities at fair value 2,664 3,413
Ameriprise Financial | Recurring basis | Level 3 | Corporate debt securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 520 772
Ameriprise Financial | Recurring basis | Level 3 | Residential mortgage backed securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value   9
Ameriprise Financial | Recurring basis | Level 3 | Asset backed securities    
Assets    
Available-for-Sale: Fixed maturities, at fair value 7 32
Ameriprise Financial | Recurring basis | Level 3 | Fixed Deferred Indexed Annuity Ceded Embedded Derivatives    
Assets    
Receivables: embedded derivatives 56  
Ameriprise Financial | Recurring basis | Level 3 | Policyholder account balances, future policy benefits and claims embedded derivatives    
Liabilities    
Liabilities embedded derivatives, net 2,624 3,370
Ameriprise Financial | Recurring basis | Level 3 | Fixed deferred indexed annuity embedded derivatives    
Liabilities    
Liabilities embedded derivatives 54 49
Ameriprise Financial | Recurring basis | Level 3 | IUL embedded derivatives    
Liabilities    
Liabilities embedded derivatives 917 [1],[2] 935
Ameriprise Financial | Recurring basis | Level 3 | GMWB and GMAB embedded derivatives    
Liabilities    
Liabilities embedded derivatives, net 1,436 2,316
Ameriprise Financial | Recurring basis | Level 3 | Structured variable annuity embedded derivatives    
Liabilities    
Liabilities embedded derivatives $ 217 $ 70
[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 September 30, 2021 and December 31, 2020, respectively. See Note 13 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 $550 million cumulative decrease to the embedded derivatives as of September 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 $1.6 billion of individual contracts in a liability position and $142 million of individual contracts in an asset position (recorded as a contra liability) as of September 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.