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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities            
Net income $ 890 $ 614 [1] $ 1,307 $ 1,439 [2] $ 3,149 $ 3,417
Adjustments to reconcile net income to net cash provided by (used in) operating activities:            
Depreciation, amortization and accretion, net     (70) (4) [3]    
Deferred income tax expense (benefit)     60 132 [3]    
Share-based compensation     92 86 [3]    
Net realized investment gains     2 (9) [3]    
Net trading (gains) losses     (19) 3 [3]    
Loss from equity method investments     17 18 [3]    
Impairments and provision for loan and credit losses     (9) 9 [3]    
Net (gains) losses of consolidated investment entities     13 4 [3]    
Changes in operating assets and liabilities:            
Restricted and segregated investments     213 (198) [3]    
Deferred acquisition costs     40 33 [3]    
Policyholder account balances, future policy benefits and claims, and market risk benefits, net     1,153 341 [3]    
Derivatives, net of collateral     (507) (41) [3]    
Receivables     479 (230) [3]    
Brokerage deposits     (564) 28 [3]    
Accounts payable and accrued expenses     (53) (233) [3]    
Current income tax, net     (405) 41 [3]    
Deferred taxes, net     2 6 [3]    
Other operating assets and liabilities of consolidated investment entities, net     (8) 2 [3]    
Other, net     (126) 391 [3]    
Net cash provided by (used in) operating activities     1,617 1,818 [3]    
Available-for-Sale securities:            
Proceeds from sales     329 302 [3]    
Maturities, sinking fund payments and calls     4,431 3,990 [3]    
Purchases     (11,098) (8,921) [3]    
Proceeds from sales, maturities and repayments of mortgage loans     75 71 [3]    
Funding of mortgage loans     (123) (116) [3]    
Proceeds from sales, maturities and collections of other investments     60 33 [3]    
Purchase of other investments     (40) (61) [3]    
Purchase of investments by consolidated investment entities     (255) (367) [3]    
Proceeds from sales, maturities and repayments of investments by consolidated investment entities     348 312 [3]    
Purchase of land, buildings, equipment and software     (84) (84) [3]    
Cash paid for written options with deferred premiums     (59) (120) [3]    
Cash received from written options with deferred premiums     31 87 [3]    
Cash returned (paid) for acquisition of business, net of cash acquired     0 34 [3]    
Cash paid for deposit receivables     (20) (23) [3]    
Cash received for deposit receivables     407 263 [3]    
Other, net     (22) 8 [3]    
Net cash provided by (used in) investing activities     (6,020) (4,592) [3]    
Investment certificates:            
Proceeds from additions     6,395 1,835 [3]    
Maturities, withdrawals and cash surrenders     (3,642) (1,850) [3]    
Policyholder account balances:            
Deposits and other additions     729 487 [3]    
Net transfers from (to) separate accounts     (55) (90) [3]    
Surrenders and other benefits     (1,060) (649) [3]    
Change in banking deposits, net     2,628 4,101 [3]    
Cash paid for purchased options with deferred premiums     (44) (117) [3]    
Cash received from purchased options with deferred premiums     150 168 [3]    
Issuance of long-term debt, net of issuance costs     741 495 [3]    
Repayments of long-term debt     (5) (505) [3]    
Dividends paid to shareholders     (275) (266) [3]    
Repurchase of common shares     (1,115) (989) [3]    
Repayments of debt by consolidated investment entities     (95) (1) [3]    
Other, net     0 (12) [3]    
Net cash provided by (used in) financing activities     4,352 2,607 [3]    
Effect of exchange rate changes on cash     28 (20) [3]    
Net increase (decrease) in cash and cash equivalents, including amounts restricted     (23) (187) [3]    
Cash and cash equivalents, including amounts restricted, at beginning of period     8,755 9,569 [3] 9,569 [3]  
Cash and cash equivalents, including amounts restricted, at end of period 8,732 9,382 [3] 8,732 9,382 [3] 8,755 9,569 [3]
Supplemental Disclosures:            
Income taxes paid, net     684 166 [3]    
Leased assets obtained in exchange for operating lease liabilities     10 27 [3]    
Reconciliation of cash and cash equivalents, including amounts restricted:            
Restricted and segregated cash, cash equivalents and investments 1,612   1,612   2,229 [4]  
Less: Restricted and segregated investments (358)   (358)   (571)  
Total cash and cash equivalents including amounts restricted 8,732 $ 9,382 [3] 8,732 9,382 [3] 8,755 $ 9,569 [3]
Ameriprise Financial            
Supplemental Disclosures:            
Interest paid     281 54 [3]    
Reconciliation of cash and cash equivalents, including amounts restricted:            
Cash and cash equivalents 7,343   7,343   6,964 [4]  
Consolidated investment entities            
Supplemental Disclosures:            
Interest paid     87 $ 30 [3]    
Reconciliation of cash and cash equivalents, including amounts restricted:            
Cash and cash equivalents $ 135   $ 135   $ 133 [4]  
[1] Certain prior period amounts have been restated. See Note 3 for more information.
[2] Certain prior period amounts have been restated. See Note 3 for more information.
[3] Certain prior period amounts have been restated. See Note 3 for more information.
[4] Certain prior period amounts have been restated. See Note 3 for more information.