CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Assets
Market risk benefits	$ 2,095	$ 2,182
Separate account assets	78,849	78,114
Deferred acquisition costs	2,647	2,677
Restricted and segregated cash, cash equivalents and investments	1,229	1,444
Total assets	184,903	181,403
Liabilities:
Policyholder account balances, future policy benefits and claims	43,794	41,873
Market risk benefits	1,326	1,263
Separate account liabilities	78,849	78,114
Customer deposits	34,554	35,826
Short-term borrowings	201	201
Accounts payable and accrued expenses	2,451	2,704
Total liabilities	178,821	176,175
Equity:
Common shares ($0.01 par value; shares authorized, 1,250,000,000; shares issued, 337,958,333 and 337,729,050, respectively)	3	3
Additional paid-in capital	10,251	10,141
Retained earnings	26,050	24,713
Treasury shares, at cost (243,549,396 and 241,562,357 shares, respectively)	(28,986)	(27,721)
Accumulated other comprehensive income (loss), net of tax	(1,236)	(1,908)
Total equity	6,082	5,228
Total liabilities and equity	184,903	181,403
Ameriprise Financial
Assets
Cash and cash equivalents	7,962	8,149
Investments	57,624	56,423
Receivables	14,683	14,472
Other assets	16,781	15,149
Liabilities:
Short-term borrowings	201	201
Long-term debt	3,079	2,842
Other liabilities	11,591	10,609
Consolidated investment entities
Assets
Cash and cash equivalents	419	373
Investments	2,590	2,387
Receivables	24	31
Other assets	0	2
Liabilities:
Long-term debt	2,726	2,429
Other liabilities	$ 250	$ 314