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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
[2]
Cash Flows from Operating Activities      
Net income $ 2,556 $ 3,149 [1],[2] $ 3,417 [1]
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation, amortization and accretion, net (154) (40) [2] 98
Deferred income tax expense (benefit) 18 155 [2] 91
Share-based compensation 187 170 [2] 152
Net realized investment (gains) losses 47 (1) [2] (632)
Net trading (gains) losses (9) 16 [2] 5
Loss from equity method investments 27 36 [2] 75
Impairments and provision for loan and credit losses (16) 98 [2] 4
Net (gains) losses of consolidated investment entities 23 17 [2] (20)
Changes in operating assets and liabilities      
Restricted and segregated investments (8) (96) [2] 25
Deferred acquisition costs 64 67 [2] (8)
Policyholder account balances, future policy benefits and claims, and market risk benefits, net 3,071 623 [2] 1,090
Derivatives, net of collateral (624) 315 [2] (570)
Receivables 276 39 [2] (568)
Brokerage deposits (781) (345) [2] 26
Accounts payable and accrued expenses 354 (219) [2] 300
Current income tax, net (387) 116 [2] (308)
Other operating assets and liabilities of consolidated investment entities, net (5) 2 [2] 20
Other, net 46 305 [2] 128
Net cash provided by (used in) operating activities 4,685 4,407 [2] 3,325
Available-for-Sale securities:      
Proceeds from sales 734 1,306 [2] 556
Maturities, sinking fund payments and calls 9,230 7,621 [2] 11,501
Purchases (19,694) (22,034) [2] (14,718)
Proceeds from sales, maturities and repayments of mortgage loans 152 169 [2] 299
Funding of mortgage loans (284) (207) [2] (263)
Proceeds from sales, maturities and collections of other investments 145 96 [2] 173
Purchase of other investments (116) (99) [2] (97)
Purchase of investments by consolidated investment entities (427) (961) [2] (1,603)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities 643 615 [2] 1,047
Purchase of land, buildings, equipment and software (184) (182) [2] (120)
Cash paid for written options with deferred premiums (59) (619) [2] (552)
Cash received from written options with deferred premiums 43 204 [2] 106
Cash returned (paid) for acquisition of business, net of cash acquired 0 34 [2] (576)
Cash paid for deposit receivables (39) (45) [2] (377)
Cash received for deposit receivables 774 550 [2] 254
Other, net (180) (31) [2] (10)
Net cash provided by (used in) investing activities (9,262) (13,583) [2] (4,380)
Investment certificates:      
Proceeds from additions 11,193 8,343 [2] 2,733
Maturities, withdrawals and cash surrenders (7,039) (4,339) [2] (4,190)
Policyholder account balances:      
Deposits and other additions 1,476 1,169 [2] 1,553
Net transfers from (to) separate accounts (132) (162) [2] (273)
Surrenders and other benefits (2,102) (1,459) [2] (1,365)
Change in banking deposits, net 3,193 6,885 [2] 4,016
Cash paid for purchased options with deferred premiums (53) (197) [2] (156)
Cash received from purchased options with deferred premiums 251 378 [2] 1,350
Issuance of long-term debt, net of issuance costs 1,335 495 [2] 4
Repayments of long-term debt (760) (510) [2] (9)
Dividends paid to shareholders (550) (534) [2] (511)
Repurchase of common shares (2,127) (1,978) [2] (2,030)
Exercise of stock options 0 0 [2] 1
Borrowings of consolidated investment entities 0 341 [2] 1,756
Repayments of debt by consolidated investment entities (275) (4) [2] (1,142)
Other, net 1 2 [2] (14)
Net cash provided by (used in) financing activities 4,411 8,430 [2] 1,723
Effect of exchange rate changes on cash 31 (68) [2] (2)
Net increase (decrease) in cash and cash equivalents, including amounts restricted (135) (814) [2] 666
Cash and cash equivalents, including amounts restricted at beginning of period 8,755 [2] 9,569 [2] 8,903
Cash and cash equivalents, including amounts restricted at end of period 8,620 8,755 [2] 9,569
Supplemental Disclosures:      
Income taxes paid, net 1,036 500 [2] 986
Leased assets obtained in exchange for finance lease liabilities 0 0 [2] 4
Leased assets obtained in exchange for operating lease liabilities 67 47 [2] 109
Non-cash investing activities:      
Investments transferred in connection with fixed annuity reinsurance transaction 0 0 [2] 7,513
Exchange of an investment that resulted in a realized gain and an increase to amortized cost 0 0 [2] 17
Reconciliation of cash and cash equivalents, including amounts restricted:      
Restricted and segregated cash, cash equivalents and investments 1,635 2,229 [3]  
Less: Restricted and segregated investments (579) (571)  
Total cash and cash equivalents, including amounts restricted per consolidated statements of cash flows 8,620 8,755 [2] 9,569
Ameriprise Financial      
Supplemental Disclosures:      
Interest paid 682 152 [2] 113
Reconciliation of cash and cash equivalents, including amounts restricted:      
Cash and cash equivalents 7,477 6,964 [3]  
Consolidated investment entities      
Supplemental Disclosures:      
Interest paid 177 75 [2] $ 90
Reconciliation of cash and cash equivalents, including amounts restricted:      
Cash and cash equivalents $ 87 $ 133 [3]  
[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.