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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities    
Net income $ 695 $ 840
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net (147) (50)
Deferred income tax (benefit) expense 122 (43)
Contractholder and policyholder charges, non-cash (295) (292)
Loss from equity method investments 37 56
Net realized investment (gains) losses (4) (602)
Impairments and provision for loan losses 87 1
Net losses (gains) of consolidated investment entities 5 (17)
Changes in operating assets and liabilities:    
Deferred acquisition costs 197 (127)
Policyholder account balances, future policy benefits and claims, net 1,049 1,465
Derivatives, net of collateral 446 (316)
Reinsurance recoverables 77 20
Receivables 213 6
Accrued investment income (21) 16
Current income tax, net (77) (401)
Payable for investment securities purchase 0 20
Other operating assets and liabilities of consolidated investment entities 1 15
Other, net 21 77
Net cash provided by (used in) operating activities 2,406 668
Available-for-Sale securities:    
Proceeds from sales 741 555
Maturities, sinking fund payments and calls 1,349 2,396
Purchases (4,235) (2,680)
Proceeds from sales, maturities and repayments of mortgage loans 93 218
Funding of mortgage loans (109) (152)
Proceeds from sales and collections of other investments 15 88
Purchase of other investments (44) (31)
Purchase of investments by consolidated investment entities (763) (1,461)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities 466 850
Purchase of equipment and software (10) (9)
Change in policy loans, net (4) 10
Cash paid for deposit receivable (34) (216)
Cash received for deposit receivable 393 132
Advance on line of credit to Ameriprise Financial, Inc. (1,034) (1)
Repayment from Ameriprise Financial, Inc. on line of credit 1,034 1
Cash received from written options with deferred premiums 141 60
Cash paid for written options with deferred premiums (411) (314)
Other, net (42) (19)
Net cash provided by (used in) investing activities (2,454) (573)
Policyholder account balances:    
Deposits and other additions 766 1,131
Net transfers from (to) separate accounts (128) (206)
Surrenders and other benefits (989) (1,002)
Proceeds from line of credit with Ameriprise Financial, Inc. 0 5
Payments on line of credit with Ameriprise Financial, Inc. 0 (5)
Cash received for purchased options with deferred premiums 230 580
Cash paid for purchased options with deferred premiums (159) (94)
Borrowings by consolidated investment entities 341 1,375
Repayments of debt by consolidated investment entities (1) (757)
Cash dividends to Ameriprise Financial, Inc. (600) (1,675)
Net cash provided by (used in) financing activities (540) (648)
Net increase (decrease) in cash and cash equivalents (588) (553)
Cash and cash equivalents at beginning of period 3,321 3,285
Cash and cash equivalents at end of period 2,733 2,732
Supplemental Disclosures:    
Income taxes paid (received), net 56 567
Non-cash investing activity:    
Exchange of an investment that resulted in a realized gain and an increase to amortized cost 0 17
Investments transferred in connection with reinsurance transaction 0 7,527
RiverSource Life    
Supplemental Disclosures:    
Interest paid 1 0
Consolidated investment entities    
Supplemental Disclosures:    
Interest paid $ 49 $ 73