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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net income $ 644 $ 237
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net (99) (3)
Deferred income tax (benefit) expense 80 (242)
Contractholder and policyholder charges, non-cash (196) (195)
Loss from equity method investments 25 38
Net realized investment (gains) losses (8) (61)
Impairments and provision for loan losses 5 (1)
Net losses (gains) of consolidated investment entities 4 (20)
Changes in operating assets and liabilities:    
Deferred acquisition costs 138 (69)
Policyholder account balances, future policy benefits and claims, net 348 571
Derivatives, net of collateral (50) (124)
Reinsurance recoverables 48 47
Receivables 131 0
Accrued investment income (6) 1
Current income tax, net (17) (269)
Payable for investment securities purchase 68 150
Other operating assets and liabilities of consolidated investment entities 2 8
Other, net 3 37
Net cash provided by (used in) operating activities 1,120 105
Available-for-Sale securities:    
Proceeds from sales 302 405
Maturities, sinking fund payments and calls 630 1,742
Purchases (2,130) (1,910)
Proceeds from sales, maturities and repayments of mortgage loans 58 168
Funding of mortgage loans (90) (114)
Proceeds from sales and collections of other investments 7 69
Purchase of other investments (43) (23)
Purchase of investments by consolidated investment entities (367) (1,178)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities 312 556
Purchase of equipment and software (7) (6)
Change in policy loans, net 1 6
Cash paid for deposit receivable (23) (4)
Cash received for deposit receivable 263 44
Advance on line of credit to Ameriprise Financial, Inc. (1,034) 0
Repayment from Ameriprise Financial, Inc. on line of credit 1,034 0
Cash received from written options with deferred premiums 87 24
Cash paid for written options with deferred premiums (120) (210)
Other, net (3) 11
Net cash provided by (used in) investing activities (1,123) (420)
Policyholder account balances:    
Deposits and other additions 487 751
Net transfers from (to) separate accounts (90) (132)
Surrenders and other benefits (649) (693)
Cash received for purchased options with deferred premiums 168 342
Cash paid for purchased options with deferred premiums (117) (76)
Borrowings by consolidated investment entities 0 1,375
Repayments of debt by consolidated investment entities (1) (754)
Cash dividends to Ameriprise Financial, Inc. (500) (750)
Net cash provided by (used in) financing activities (702) 63
Net increase (decrease) in cash and cash equivalents (705) (252)
Cash and cash equivalents at beginning of period 3,321 3,285
Cash and cash equivalents at end of period 2,616 3,033
Supplemental Disclosures:    
Income taxes paid (received), net 40 522
Non-cash investing activity:    
Exchange of an investment that resulted in a realized gain and an increase to amortized cost 0 17
Consolidated investment entities    
Supplemental Disclosures:    
Interest paid $ 30 $ 30