Short-term Borrowings	9 Months Ended
Sep. 30, 2020
Short-term Debt [Abstract]
Short-term Borrowings	RiverSource Life Insurance Company is a member of the Federal Home Loan Bank (“FHLB”) of Des Moines which provides access to collateralized borrowings. The Company has pledged Available-for-Sale securities consisting of commercial mortgage backed securities to collateralize its obligation under these borrowings. The fair value of the securities pledged is recorded in investments and was $1.2 billion and $840 million as of September 30, 2020 and December 31, 2019, respectively. The amount of the Company’s liability including accrued interest as of September 30, 2020 and December 31, 2019 was $200 million and $201 million, respectively. The remaining maturity of outstanding FHLB advances was less than two months as of both September 30, 2020 and December 31, 2019. The weighted average annualized interest rate on the FHLB advances held as of September 30, 2020 and December 31, 2019 was 0.4% and 1.8%, respectively.

Short-term Borrowings

9 Months Ended

Sep. 30, 2020

RiverSource Life Insurance Company is a member of the Federal Home Loan Bank (“FHLB”) of Des Moines which provides access to collateralized borrowings. The Company has pledged Available-for-Sale securities consisting of commercial mortgage backed securities to collateralize its obligation under these borrowings. The fair value of the securities pledged is recorded in investments and was $1.2 billion and $840 million as of September 30, 2020 and December 31, 2019, respectively. The amount of the Company’s liability including accrued interest as of September 30, 2020 and December 31, 2019 was $200 million and $201 million, respectively. The remaining maturity of outstanding FHLB advances was less than two months as of both September 30, 2020 and December 31, 2019. The weighted average annualized interest rate on the FHLB advances held as of September 30, 2020 and December 31, 2019 was 0.4% and 1.8%, respectively.