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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Statement of Cash Flows [Abstract]    
Net Income $ 567 $ 586
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net (19) (13)
Deferred income tax (benefit) expense 186 (219)
Contractholder and policyholder charges, non-cash (288) (284)
Loss from equity method investments 58 58
Net realized investment (gains) losses (9) (14)
Impairments and provision for loan losses 25 15
Change in operating assets and liabilities:    
Deferred acquisition costs 183 (37)
Policyholder account balances, future policy benefits and claims, net 3,540 1,370
Derivatives, net of collateral 268 23
Reinsurance recoverables (156) (55)
Other receivables 53 22
Accrued investment income (9) 10
Current income tax expense (benefit) (82) 63
Other, net 93 108
Net cash provided by (used in) operating activities 4,410 1,633
Available-for-Sale securities:    
Proceeds from sales 84 209
Maturities, sinking fund payments and calls 1,788 1,738
Purchases (3,079) (1,064)
Proceeds from sales, maturities and repayments of mortgage loans 138 171
Funding of mortgage loans (120) (208)
Proceeds from sales and collections of other investments 92 100
Purchase of other investments (147) (124)
Purchase of equipment and software (7) (7)
Change in policy loans, net 18 (3)
Cash paid for deposit receivable (3) (348)
Cash received for deposit receivable 74 74
Advance on line of credit to Ameriprise Financial, Inc. (702) 0
Repayment from Ameriprise Financial, Inc. on line of credit 702 0
Cash received from written options with deferred premiums 129 72
Cash paid for written options with deferred premiums (292) (125)
Other, net (67) 33
Net cash provided by (used in) investing activities (1,392) 518
Policyholder account balances:    
Deposits and other additions 1,202 1,620
Net transfers from (to) separate accounts (63) (46)
Surrenders and other benefits (1,035) (1,320)
Proceeds from line of credit with Ameriprise Financial, Inc. 6 3
Payments on line of credit with Ameriprise Financial, Inc. (56) (3)
Cash received for purchased options with deferred premiums 40 220
Cash paid for purchased options with deferred premiums (177) (142)
Cash dividends to Ameriprise Financial, Inc. (650) (850)
Net cash provided by (used in) financing activities (733) (518)
Net increase (decrease) in cash and cash equivalents 2,285 1,633
Cash and cash equivalents at beginning of period 1,275 1,085
Cash and cash equivalents at end of period 3,560 2,718
Supplemental Disclosures:    
Income taxes paid (received), net (122) 77
Interest paid on borrowings 2 4
Non-cash investing activity:    
Partnership commitments not yet remitted 4 4
Investments transferred in connection with reinsurance transaction $ 0 $ 1,265