Segment Information

6 Months Ended

Jun. 30, 2011

Segment Information

Segment Information

16.  Segment Information

The Company’s segments are Advice & Wealth Management, Asset Management, Annuities, Protection and Corporate & Other.

During the first quarter of 2011, as a result of management’s decision to pursue a sale of Securities America, results of operations of Securities America were transferred to the Corporate & Other segment from the Advice & Wealth Management. During the second quarter of 2011, the results of operations of Securities America have been presented as discontinued operations for all periods presented and the related assets and liabilities have been classified as held for sale. See Note 1 and Note 17 for additional information on discontinued operations.

The following is a summary of assets by segment:

	June 30, 2011		December 31, 2010
	(in millions)
Advice & Wealth Management	$	12,072	$	11,241
Asset Management	7,489		7,854
Annuities	87,869		84,836
Protection	18,826		18,571
Corporate & Other	8,720		8,539
Assets held for sale	162		173
Total assets	$	135,138	$	131,214

The following is a summary of segment results:

	Three Months Ended June 30, 2011
	Advice &
	Wealth		Asset						Corporate
	Management		Management		Annuities		Protection		& Other			Eliminations			Consolidated
					(in millions)
Revenue from external customers	$	725	$	732	$	630	$	488	$	59		$	—		$	2,634
Intersegment revenue	243		21		36		37		—			(337		)	—
Total revenues	968		753		666		525		59			(337		)	2,634
Banking and deposit interest expense	11		—		—		—		—			—			11
Net revenues	957		753		666		525		59			(337		)	2,623
Income (loss) from continuing operations before income tax provision	$	108	$	125	$	143	$	90	$	(67	)	$	—		399
Income tax provision															114
Income from continuing operations															285
Loss from discontinued operations, net of tax															(4		)
Net income															281
Less: Net loss attributable to noncontrolling interests															(28		)
Net income attributable to Ameriprise Financial															$	309

	Three Months Ended June 30, 2010
	Advice &
	Wealth		Asset						Corporate
	Management		Management		Annuities		Protection		& Other		Eliminations			Consolidated
					(in millions)
Revenue from external customers	$	650	$	541	$	603	$	497	$	191	$	—		$	2,482
Intersegment revenue	220		22		27		22		—		(291		)	—
Total revenues	870		563		630		519		191		(291		)	2,482
Banking and deposit interest expense	17		1		—		—		3		(1		)	20
Net revenues	853		562		630		519		188		(290		)	2,462
Income from continuing operations before income tax provision	$	83	$	56	$	133	$	134	$	56	$	—		462
Income tax provision														66
Income from continuing operations														396
Income from discontinued operations, net of tax														2
Net income														398
Less: Net income attributable to noncontrolling interests														139
Net income attributable to Ameriprise Financial														$	259

	Six Months Ended June 30, 2011
	Advice &
	Wealth		Asset						Corporate
	Management		Management		Annuities		Protection		& Other			Eliminations			Consolidated
					(in millions)
Revenue from external customers	$	1,421	$	1,450	$	1,238	$	969	$	101		$	—		$	5,179
Intersegment revenue	474		41		68		73		1			(657		)	—
Total revenues	1,895		1,491		1,306		1,042		102			(657		)	5,179
Banking and deposit interest expense	24		1		—		—		—			(1		)	24
Net revenues	1,871		1,490		1,306		1,042		102			(656		)	5,155
Income (loss) from continuing operations before income tax provision	$	208	$	232	$	297	$	197	$	(148	)	$	—		786
Income tax provision															207
Income from continuing operations															579
Loss from discontinued operations, net of tax															(75		)
Net income															504
Less: Net loss attributable to noncontrolling interests															(46		)
Net income attributable to Ameriprise Financial															$	550

	Six Months Ended June 30, 2010
	Advice &
	Wealth		Asset						Corporate
	Management		Management		Annuities		Protection		& Other		Eliminations			Consolidated
					(in millions)
Revenue from external customers	$	1,252	$	892	$	1,182	$	987	$	348	$	—		$	4,661
Intersegment revenue	404		41		50		37		—		(532		)	—
Total revenues	1,656		933		1,232		1,024		348		(532		)	4,661
Banking and deposit interest expense	38		1		—		—		3		(1		)	41
Net revenues	1,618		932		1,232		1,024		345		(531		)	4,620
Income from continuing operations before income tax provision	$	131	$	74	$	253	$	253	$	109	$	—		820
Income tax provision														130
Income from continuing operations														690
Income from discontinued operations, net of tax														4
Net income														694
Less: Net income attributable to noncontrolling interests														221
Net income attributable to Ameriprise Financial														$	473