Derivatives and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2013

Derivatives and Hedging Activities

Schedule of derivative liabilities as defined by the rule of guidance by FSOC

	March 31, 2013		December 31, 2012
	(in millions)
Fair value of OTC derivative liabilities after application of master netting agreements and cash collateral	$	635	$	537
Fair value of embedded derivative liabilities	339		888
Fair value of CIE derivative liabilities	17		17
Fair value of derivative liabilities after application of master netting agreements and cash collateral	$	991	$	1,442

Schedule of gross fair value of derivative instruments, including embedded derivatives

		Asset					Liability
	Balance Sheet	March 31,		December 31,		Balance Sheet	March 31,		December 31,
	Location	2013		2012		Location	2013		2012
		(in millions)					(in millions)
Derivatives designated as hedging instruments
Fair value hedges
Fixed rate debt	Other assets	$	157	$	167	Other liabilities	$	—	$	—
Total qualifying hedges		157		167			—		—
Derivatives not designated as hedging instruments
GMWB and GMAB
Interest rate contracts	Other assets	1,937		2,191		Other liabilities	1,421		1,486
Equity contracts	Other assets	1,192		1,215		Other liabilities	1,904		1,792
Foreign currency contracts	Other assets	7		6		Other liabilities	1		—
Embedded derivatives (1)	N/A	—		—		Future policy benefits and claims	266		833
Total GMWB and GMAB		3,136		3,412			3,592		4,111
Other derivatives:
Equity
EIA embedded derivatives	N/A	—		—		Future policy benefits and claims	3		2
IUL	Other assets	14		6		Other liabilities	5		1
IUL embedded derivatives	N/A	—		—		Future policy benefits and claims	61		45
Stock market certificates	Other assets	66		37		Other liabilities	57		30
Stock market certificates embedded derivatives	N/A	—		—		Customer deposits	9		8
Seed money	Other assets	—		—		Other liabilities	—		—
Foreign exchange
Foreign currency	Other assets	—		—		Other liabilities	1		1
Commodity
Seed money	Other assets	1		1		Other liabilities	—		—
Total other		81		44			136		87
Total non-designated hedges		3,217		3,456			3,728		4,198
Total derivatives		$	3,374	$	3,623		$	3,728	$	4,198

N/A  Not applicable.

(1) The fair values of GMWB and GMAB embedded derivatives fluctuate based on changes in equity, interest rate and credit markets.

Schedule of payments to make and receive for options

	Premiums Payable		Premiums Receivable
	(in millions)
2013(1)	$	287	$	47
2014	344		54
2015	317		53
2016	287		46
2017	237		40
2018-2027	780		104

(1) 2013 amounts represent the amounts payable and receivable for the period from April 1, 2013 to December 31, 2013.

Not Designated as Hedges

Derivative instruments

Schedule of gain (loss) on derivative instruments

		Amount of Gain (Loss) on
Derivatives not designated as	Location of Gain (Loss) on	Derivatives Recognized in Income
hedging instruments	Derivatives Recognized in Income	2013			2012
		(in millions)
GMWB and GMAB
Interest rate contracts	Benefits, claims, losses and settlement expenses	$	(132	)	$	(225	)
Equity contracts	Benefits, claims, losses and settlement expenses	(492		)	(695		)
Credit contracts	Benefits, claims, losses and settlement expenses	—			(3		)
Foreign currency contracts	Benefits, claims, losses and settlement expenses	5			4
Embedded derivatives(1)	Benefits, claims, losses and settlement expenses	567			745
Total GMWB and GMAB		(52		)	(174		)
Other derivatives:
Equity
IUL	Interest credited to fixed accounts	4			—
IUL embedded derivatives	Interest credited to fixed accounts	3			—
EIA	Interest credited to fixed accounts	1			1
EIA embedded derivatives	Interest credited to fixed accounts	(1		)	—
Stock market certificates	Banking and deposit interest expense	3			5
Stock market certificates embedded derivatives	Banking and deposit interest expense	(3		)	(4		)
Seed money	Net investment income	(6		)	(5		)
Ameriprise Financial
Franchise Advisor Deferred
Compensation Plan	Distribution expenses	—			3
Deferred Compensation	Distribution expenses	1			—
Foreign exchange
Foreign currency	Net investment income	—			1
Total other		2			1
Total derivatives		$	(50	)	$	(173	)

(1) The fair values of GMWB and GMAB embedded derivatives fluctuate based on changes in equity, interest rate and credit markets.

Cash flow hedges

Derivative instruments

Schedule of gain (loss) on derivative instruments

	Amount of Gain Recognized in Other
	Comprehensive Income on Derivatives
Derivatives designated as hedging instruments	2013		2012
	(in millions)
Interest on debt	$	—	$	14

	Amount of Gain (Loss) Reclassified
	from Accumulated Other
Location of Gain (Loss) Reclassified from Accumulated	Other Comprehensive Income into Income
Other Comprehensive Income into Income	2013			2012
	(in millions)
Net investment income	$	(1	)	$	(2	)
Other revenues	—			3
Interest and debt expense	1			1
Total	$	—		$	2

Fair value hedges

Derivative instruments

Schedule of gain (loss) on derivative instruments

Derivatives designated	Location of Gain	Amount of Gain Recognized in Income on Derivatives
as hedging instruments	Recorded into Income	2013		2012
		(in millions)
Fixed rate debt	Interest and debt expense	$	10	$	9