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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Investments:    
Reinsurance recoverables (allowance for credit losses: 2022, $18; 2021, $11) $ 4,422 $ 4,529
Deferred acquisition costs 2,980 2,757
Separate account assets 68,177 92,238
Total assets 111,971 139,496
Liabilities:    
Policyholder account balances, future policy benefits and claims 35,475 35,744
Short-term borrowings 201 200
Separate account liabilities 68,177 92,238
Total liabilities 111,385 137,611
Shareholder’s equity:    
Common stock, $30 par value; 100,000 shares authorized, issued and outstanding 3 3
Additional paid-in capital 2,466 2,466
Accumulated deficit (817) (912)
Accumulated other comprehensive income (loss), net of tax (1,066) 328
Total shareholder’s equity 586 1,885
Total liabilities and shareholder’s equity 111,971 139,496
RiverSource Life    
Investments:    
Available-for-Sale: Fixed maturities, at fair value (amortized cost: 2022, $16,809; 2021, $14,718) (allowance for credit losses: 2022, $22; 2021, $1) 15,389 16,239
Mortgage loans, at amortized cost (allowance for credit losses: 2022, $11; 2021, $12) 1,804 1,788
Policy loans 838 834
Other investments (allowance for credit losses: 2022, nil; 2021, nil) 224 230
Total investments 18,255 19,091
Cash and cash equivalents 2,559 3,200
Receivables 7,794 8,148
Accrued investment income 145 124
Other assets 5,047 7,084
Liabilities:    
Short-term borrowings 201 200
Long-term debt 500 500
Other liabilities 4,470 6,628
Consolidated investment entities    
Investments:    
Total investments 2,378 2,184
Cash and cash equivalents 174 121
Receivables 38 17
Other assets 2 3
Liabilities:    
Long-term debt 2,401 2,164
Other liabilities $ 161 $ 137