XML 106 R71.htm IDEA: XBRL DOCUMENT v3.24.0.1
Recent Accounting Pronouncements - Adoption of New Accounting Standard (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Assets                        
Market risk benefits $ 1,427       $ 1,015 [1]       $ 1,427 $ 1,015 [1] $ 539  
Deferred acquisition costs 2,713       2,777 [1]       2,713 2,777 [1] 2,844  
Total assets 175,191       158,852 [1]       175,191 158,852 [1] 177,735  
Liabilities:                        
Policyholder account balances, future policy benefits and claims 37,545       34,132 [1]       37,545 34,132 [1] 35,023  
Market risk benefits 1,762       2,118 [1]       1,762 2,118 [1] 3,440  
Liabilities 170,462       155,049 [1]       170,462 155,049 [1] 172,898  
Equity:                        
Retained earnings 21,905       19,918 [1]       21,905 19,918 [1] 17,322  
Accumulated other comprehensive income (loss), net of tax (1,766)       (2,546) [1]       (1,766) (2,546) [1] (642)  
Total equity 4,729       3,803 [1],[2]       4,729 3,803 [1],[2] 4,837 [2] $ 6,131
Total liabilities and equity 175,191       158,852 [1]       175,191 158,852 [1] 177,735  
Revenues                        
Premiums, policy and contract charges                 1,539 1,397 [3] 221 [3]  
Total revenues                 16,096 14,334 [3] 13,389 [3]  
Total net revenues 3,992 $ 3,925 $ 3,876 $ 3,742 3,663 $ 3,484 $ 3,486 $ 3,625 15,535 14,258 [3] 13,377 [3]  
Benefits and expenses                        
Distribution expenses                 5,078 4,935 [3] 5,028 [3]  
Benefits, claims, losses and settlement expenses                 1,350 242 [3] (156) [3]  
Remeasurement (gains) losses of future policy benefit reserves                 (20) 1 [3] (52) [3]  
Change in fair value of market risk benefits                 798 311 [3] (113) [3]  
Amortization of deferred acquisition costs                   252 259  
Total expenses                 12,301 10,327 [3] 9,192 [3]  
Pretax income 494 1,117 1,127 496 817 1,335 773 1,006 3,234 3,931 [3] 4,185 [3]  
Income tax provision                 678 782 [3] 768 [3]  
Net income $ 377 $ 872 $ 890 $ 417 $ 649 $ 1,061 $ 614 $ 825 $ 2,556 $ 3,149 [3],[4] $ 3,417 [3],[4]  
Earnings per share                        
Basic (in dollars per share) $ 3.64 $ 8.31 $ 8.36 $ 3.86 $ 5.96 $ 9.60 $ 5.47 $ 7.26 $ 24.18 $ 28.29 [3] $ 29.13 [3]  
Diluted (in dollars per share) $ 3.57 $ 8.14 $ 8.21 $ 3.79 $ 5.83 $ 9.41 $ 5.37 $ 7.10 $ 23.71 $ 27.70 [3] $ 28.48 [3]  
Distribution fees                        
Revenues                        
Revenue from contracts with customers                 $ 1,931 $ 1,939 [3] $ 1,828 [3]  
Previously Reported                        
Assets                        
Market risk benefits         $ 0         0 0  
Deferred acquisition costs         3,160         3,160 2,782  
Total assets         158,468         158,468 175,910  
Liabilities:                        
Policyholder account balances, future policy benefits and claims         36,067         36,067 35,750  
Market risk benefits         0         0 0  
Liabilities         154,855         154,855 169,969  
Equity:                        
Retained earnings         19,531         19,531 17,525  
Accumulated other comprehensive income (loss), net of tax         (2,349)         (2,349) 259  
Total equity         3,613         3,613 5,941  
Total liabilities and equity         158,468         158,468 175,910  
Revenues                        
Premiums, policy and contract charges                   1,411 273  
Total revenues                   14,347 13,443  
Total net revenues                   14,271 13,431  
Benefits and expenses                        
Distribution expenses                   4,923 5,015  
Benefits, claims, losses and settlement expenses                   1,372 716  
Remeasurement (gains) losses of future policy benefit reserves                   0 0  
Change in fair value of market risk benefits                   0 0  
Amortization of deferred acquisition costs                   208 124  
Total expenses                   11,089 10,081  
Pretax income                   3,182 3,350  
Income tax provision                   623 590  
Net income                   $ 2,559 $ 2,760  
Earnings per share                        
Basic (in dollars per share)                   $ 22.99 $ 23.53  
Diluted (in dollars per share)                   $ 22.51 $ 23.00  
Previously Reported | Distribution fees                        
Revenues                        
Revenue from contracts with customers                   $ 1,938 $ 1,830  
Adjustment                        
Assets                        
Market risk benefits         1,015         1,015 539  
Deferred acquisition costs         (383)         (383) 62  
Total assets         384         384 1,825  
Liabilities:                        
Policyholder account balances, future policy benefits and claims         (1,935)         (1,935) (727)  
Market risk benefits         2,118         2,118 3,440  
Liabilities         194         194 2,929  
Equity:                        
Retained earnings         387         387 (203)  
Accumulated other comprehensive income (loss), net of tax         (197)         (197) (901)  
Total equity         190         190 (1,104) $ (1,900)
Total liabilities and equity         384         384 1,825  
Revenues                        
Premiums, policy and contract charges                   (14) (52)  
Total revenues                   (13) (54)  
Total net revenues                   (13) (54)  
Benefits and expenses                        
Distribution expenses                   12 13  
Benefits, claims, losses and settlement expenses                   (1,130) (872)  
Remeasurement (gains) losses of future policy benefit reserves                   1 (52)  
Change in fair value of market risk benefits                   311 (113)  
Amortization of deferred acquisition costs                   44 135  
Total expenses                   (762) (889)  
Pretax income                   749 835  
Income tax provision                   159 178  
Net income                   $ 590 $ 657  
Earnings per share                        
Basic (in dollars per share)                   $ 5.30 $ 5.60  
Diluted (in dollars per share)                   $ 5.19 $ 5.48  
Adjustment | Distribution fees                        
Revenues                        
Revenue from contracts with customers                   $ 1 $ (2)  
Ameriprise Financial                        
Assets                        
Receivables $ 15,078       15,595 [1]       15,078 15,595 [1] 17,132  
Receivables, allowance for credit losses 81       75       81 75 55  
Other assets 11,700       9,277 [1]       11,700 9,277 [1] 11,672  
Liabilities:                        
Other liabilities $ 7,974       6,316 [1]       $ 7,974 6,316 [1] 8,857  
Ameriprise Financial | Previously Reported                        
Assets                        
Receivables         15,779         15,779 16,205  
Other assets         9,341         9,341 11,375  
Liabilities:                        
Other liabilities         6,305         6,305 8,641  
Ameriprise Financial | Adjustment                        
Assets                        
Receivables         (184)         (184) 927  
Other assets         (64)         (64) 297  
Liabilities:                        
Other liabilities         $ 11         $ 11 $ 216  
[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.