Ameriprise Financial (AMP) 10-Q6 May 242024 Q1 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2024	Apr. 26, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	1-32525
Entity Registrant Name	AMERIPRISE FINANCIAL, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3180631
Entity Address, Address Line One	1099 Ameriprise Financial Center
Entity Address, City or Town	Minneapolis
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55474
City Area Code	(612)
Local Phone Number	671-3131
Title of 12(b) Security	Common Stock (par value $0.01 per share)
Trading Symbol	AMP
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		99,324,923
Entity Central Index Key	0000820027
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues
Net investment income	$ 901	$ 698
Premiums, policy and contract charges	390	362
Other revenues	129	131
Total revenues	4,325	3,845
Banking and deposit interest expense	179	103
Total net revenues	4,146	3,742
Benefits and expenses
Distribution expenses	1,419	1,226
Interest credited to fixed accounts	132	164
Benefits, claims, losses and settlement expenses	295	301
Remeasurement (gains) losses of future policy benefit reserves	(4)	(5)
Change in fair value of market risk benefits	(18)	489
Amortization of deferred acquisition costs	61	62
Interest and debt expense	82	72
General and administrative expense	960	937
Total benefits and expenses	2,927	3,246
Pretax income	1,219	496
Income tax provision	229	79
Net income	$ 990	$ 417
Earnings per share
Basic (in dollars per share)	$ 9.63	$ 3.86
Diluted (in dollars per share)	$ 9.46	$ 3.79
Management and financial advice fees
Revenues
Revenue from contracts with customers	$ 2,399	$ 2,137
Distribution fees
Revenues
Revenue from contracts with customers	$ 506	$ 517

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 990	$ 417
Other comprehensive income (loss), net of tax:
Net unrealized gains (losses) on securities	(178)	430
Net unrealized gains (losses) on derivatives	0	2
Effect of changes in discount rate assumptions on certain long-duration contracts	69	(65)
Effect of changes in instrument-specific credit risk on market risk benefits	(37)	161
Foreign currency translation adjustment	(18)	33
Total other comprehensive income (loss), net of tax	(164)	561
Total comprehensive income (loss)	$ 826	$ 978

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets
Market risk benefits	$ 1,964	$ 1,427
Separate account assets	79,753	77,457
Deferred acquisition costs	2,701	2,713
Restricted and segregated cash, cash equivalents and investments	1,591	1,635
Total assets	179,831	175,191
Liabilities:
Policyholder account balances, future policy benefits and claims	38,667	37,545
Market risk benefits	1,335	1,762
Separate account liabilities	79,753	77,457
Customer deposits	36,982	37,321
Short-term borrowings	201	201
Accounts payable and accrued expenses	2,166	2,603
Total liabilities	174,952	170,462
Equity:
Common shares ($0.01 par value; shares authorized, 1,250,000,000; shares issued, 337,314,627 and 336,780,893, respectively)	3	3
Additional paid-in capital	9,924	9,824
Retained earnings	22,752	21,905
Treasury shares, at cost (237,670,262 and 236,607,681 shares, respectively)	(25,870)	(25,237)
Accumulated other comprehensive income (loss), net of tax	(1,930)	(1,766)
Total equity	4,879	4,729
Total liabilities and equity	179,831	175,191
Ameriprise Financial
Assets
Cash and cash equivalents	7,071	7,477
Investments	56,249	55,489
Receivables	14,911	15,078
Other assets	13,403	11,700
Liabilities:
Short-term borrowings	201	201
Long-term debt	3,398	3,399
Other liabilities	10,275	7,974
Consolidated investment entities
Assets
Cash and cash equivalents	135	87
Investments	2,028	2,099
Receivables	25	28
Other assets	0	1
Liabilities:
Long-term debt	2,119	2,155
Other liabilities	$ 56	$ 45

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Equity:
Common shares, par value (in dollars per share)	$ 0.01	$ 0.01
Common shares, authorized (in shares)	1,250,000,000	1,250,000,000
Common shares, issued (in shares)	337,314,627	336,780,893
Treasury shares (in shares)	237,670,262	236,607,681
Ameriprise Financial
Assets
Investments, allowance for credit losses	$ 22	$ 22
Receivables, allowance for credit losses	$ 79	$ 81

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED) - USD ($) $ in Millions	Total	Common Shares	Additional Paid-In Capital	Retained Earnings	Treasury Shares	Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2022		105,278,990
Beginning balance at Dec. 31, 2022	$ 3,803	$ 3	$ 9,517	$ 19,918	$ (23,089)	$ (2,546)
Increase (decrease) in stockholders' equity
Net income	417			417
Other comprehensive income (loss), net of tax	561					561
Dividends to shareholders	(138)			(138)
Repurchase of common shares (in shares)		(2,011,353)
Repurchase of common shares	(657)				(657)
Share-based compensation plans (in shares)		1,088,797
Share-based compensation plans	158		95		63
Ending balance (in shares) at Mar. 31, 2023		104,356,434
Ending balance at Mar. 31, 2023	4,144	$ 3	9,612	20,197	(23,683)	(1,985)
Beginning balance (in shares) at Dec. 31, 2023		100,173,212
Beginning balance at Dec. 31, 2023	4,729	$ 3	9,824	21,905	(25,237)	(1,766)
Increase (decrease) in stockholders' equity
Net income	990			990
Other comprehensive income (loss), net of tax	(164)					(164)
Dividends to shareholders	(143)			(143)
Repurchase of common shares (in shares)		(1,741,372)
Repurchase of common shares	(706)				(706)
Share-based compensation plans (in shares)		1,212,525
Share-based compensation plans	173		100		73
Ending balance (in shares) at Mar. 31, 2024		99,644,365
Ending balance at Mar. 31, 2024	$ 4,879	$ 3	$ 9,924	$ 22,752	$ (25,870)	$ (1,930)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash Flows from Operating Activities
Net income	$ 990	$ 417
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation, amortization and accretion, net	(42)	(35)
Deferred income tax expense (benefit)	227	(48)
Share-based compensation	42	46
Net realized investment (gains) losses	(1)	(7)
Net trading (gains) losses	(2)	(9)
Loss from equity method investments	4	11
Impairments and provision for loan and credit losses	(1)	5
Net (gains) losses of consolidated investment entities	3	6
Changes in operating assets and liabilities:
Restricted and segregated investments	(158)	(123)
Deferred acquisition costs	12	23
Policyholder account balances, future policy benefits and claims, and market risk benefits, net	448	1,073
Derivatives, net of collateral	(51)	(242)
Receivables	0	256
Brokerage deposits	90	(314)
Accounts payable and accrued expenses	(436)	(219)
Current income tax, net	(44)	80
Other operating assets and liabilities of consolidated investment entities, net	(1)	(6)
Other, net	364	142
Net cash provided by (used in) operating activities	1,444	1,056
Available-for-Sale securities:
Proceeds from sales	0	313
Maturities, sinking fund payments and calls	3,283	1,464
Purchases	(3,972)	(5,098)
Proceeds from sales, maturities and repayments of mortgage loans	32	41
Funding of mortgage loans	(69)	(52)
Proceeds from sales, maturities and collections of other investments	20	31
Purchase of other investments	(23)	(24)
Purchase of investments by consolidated investment entities	(131)	(122)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities	236	182
Purchase of land, buildings, equipment and software	(52)	(41)
Cash paid for written options with deferred premiums	(57)	(59)
Cash received from written options with deferred premiums	15	24
Cash paid for deposit receivables	(9)	(10)
Cash received for deposit receivables	167	210
Other, net	(9)	(5)
Net cash provided by (used in) investing activities	(569)	(3,146)
Investment certificates:
Proceeds from additions	1,638	3,590
Maturities, withdrawals and cash surrenders	(1,881)	(1,822)
Policyholder account balances:
Deposits and other additions	358	339
Net transfers from (to) separate accounts	(26)	(19)
Surrenders and other benefits	(495)	(569)
Change in banking deposits, net	(170)	1,702
Cash paid for purchased options with deferred premiums	(51)	(24)
Cash received from purchased options with deferred premiums	26	8
Issuance of long-term debt, net of issuance costs	0	741
Repayments of long-term debt	(3)	(2)
Dividends paid to shareholders	(138)	(134)
Repurchase of common shares	(628)	(617)
Borrowings of consolidated investment entities	166	0
Repayments of debt by consolidated investment entities	(227)	(31)
Net cash provided by (used in) financing activities	(1,431)	3,162
Effect of exchange rate changes on cash	(5)	11
Net increase (decrease) in cash and cash equivalents, including amounts restricted	(561)	1,083
Cash and cash equivalents, including amounts restricted, at beginning of period	8,620	8,755
Cash and cash equivalents, including amounts restricted, at end of period	8,059	9,838
Supplemental Disclosures:
Income taxes paid, net	25	33
Leased assets obtained in exchange for operating lease liabilities	11	7
Reconciliation of cash and cash equivalents, including amounts restricted:
Restricted and segregated cash, cash equivalents and investments	1,591
Less: Restricted and segregated investments	(738)
Total cash and cash equivalents including amounts restricted per consolidated statements of cash flows	8,059	9,838
Ameriprise Financial
Supplemental Disclosures:
Interest paid	195	112
Reconciliation of cash and cash equivalents, including amounts restricted:
Cash and cash equivalents	7,071
Consolidated investment entities
Supplemental Disclosures:
Interest paid	44	$ 44
Reconciliation of cash and cash equivalents, including amounts restricted:
Cash and cash equivalents	$ 135

Basis of Presentation

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Ameriprise Financial, Inc. is a holding company, which primarily conducts business through its subsidiaries to provide financial planning, products and services that are designed to be utilized as solutions for clients’ cash and liquidity, asset accumulation, income, protection and estate and wealth transfer needs. The foreign operations of Ameriprise Financial, Inc. (“Ameriprise Financial”) are conducted primarily through Columbia Threadneedle Investments UK International Limited, TAM UK International Holdings Ltd and Ameriprise Asset Management Holdings Singapore (Pte.) Ltd and their respective subsidiaries (collectively, “Threadneedle”). The accompanying Consolidated Financial Statements include the accounts of Ameriprise Financial, Inc., companies in which it directly or indirectly has a controlling financial interest and variable interest entities (“VIEs”) in which it is the primary beneficiary (collectively, the “Company”). All intercompany transactions and balances have been eliminated in consolidation. The interim financial information in this report has not been audited. In the opinion of management, all adjustments necessary for fair statement of the consolidated results of operations and financial position for the interim periods have been made. All adjustments made were of a normal recurring nature. The accompanying Consolidated Financial Statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). Certain reclassifications of prior period amounts have been made to conform with the current presentation. Results of operations reported for interim periods are not necessarily indicative of results for the entire year. These Consolidated Financial Statements and Notes should be read in conjunction with the Consolidated Financial Statements and Notes in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the Securities and Exchange Commission (“SEC”) on February 22, 2024 (“2023 10-K”). The Company evaluated events or transactions that occurred after the balance sheet date for potential recognition or disclosure through the date the financial statements were issued. No subsequent events or transactions requiring recognition or disclosure were identified.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
Recent Accounting Pronouncements	Mar. 31, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Future Adoption of New Accounting Standards Segment Reporting – Improvements to Reportable Segment Disclosures In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Improvements to Reportable Segment Disclosures , updating reportable segment disclosure requirements in accordance with Topic 280, Segment Reporting (“Topic 280”), primarily through enhanced disclosures about significant segment expenses. In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss and contain other disclosure requirements. The amendments are effective for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024. Early adoption is permitted. The Company is assessing changes to the segment-related disclosures resulting from the standard. The adoption of the standard will not have an impact on the Company’s consolidated results of operations and financial condition as the standard is disclosure-related only. Income Taxes – Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures , updating the accounting standards related to income tax disclosures, primarily focused on the disaggregation of income taxes paid and the rate reconciliation table. The standard is to be applied prospectively with an option for retrospective application and is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is assessing changes to the income tax-related disclosures resulting from the standard. The adoption of the standard will not have an impact on the Company’s consolidated results of operations and financial condition as the standard is disclosure-related only.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
Revenue from Contracts with Customers	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers The following tables present revenue disaggregated by segment on an adjusted operating basis with a reconciliation of segment revenues to those reported on the Consolidated Statements of Operations: Three Months Ended March 31, 2024 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate & Other Total Segments Non-operating Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 530 $ — $ — $ 530 $ — $ 530 Institutional — 159 — — 159 — 159 Advisory fees 1,303 — — — 1,303 — 1,303 Financial planning fees 112 — — — 112 — 112 Transaction and other fees 94 50 14 — 158 — 158 Total management and financial advice fees 1,509 739 14 — 2,262 — 2,262 Distribution fees: Mutual funds 196 56 — — 252 — 252 Insurance and annuity 247 39 84 — 370 — 370 Off-balance sheet brokerage cash 50 — — — 50 — 50 Other products 105 — — — 105 — 105 Total distribution fees 598 95 84 — 777 — 777 Other revenues 60 5 — — 65 — 65 Total revenue from contracts with customers 2,167 839 98 — 3,104 — 3,104 Revenue from other sources (1) 572 16 814 129 1,531 49 1,580 Total segment gross revenues 2,739 855 912 129 4,635 49 4,684 Banking and deposit interest expense (179) — — (8) (187) — (187) Total segment net revenues 2,560 855 912 121 4,448 49 4,497 Elimination of intersegment revenues (225) (24) (106) 7 (348) (3) (351) Total net revenues $ 2,335 $ 831 $ 806 $ 128 $ 4,100 $ 46 $ 4,146 Three Months Ended March 31, 2023 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate & Other Total Segments Non-operating Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 491 $ — $ — $ 491 $ — $ 491 Institutional — 152 — — 152 — 152 Advisory fees 1,109 — — — 1,109 — 1,109 Financial planning fees 101 — — — 101 — 101 Transaction and other fees 89 48 14 — 151 — 151 Total management and financial advice fees 1,299 691 14 — 2,004 — 2,004 Distribution fees: Mutual funds 175 52 — — 227 — 227 Insurance and annuity 211 38 80 — 329 — 329 Off-balance sheet brokerage cash 126 — — — 126 — 126 Other products 81 — — — 81 — 81 Total distribution fees 593 90 80 — 763 — 763 Other revenues 58 5 — — 63 — 63 Total revenue from contracts with customers 1,950 786 94 — 2,830 — 2,830 Revenue from other sources (1) 418 13 730 130 1,291 47 1,338 Total segment gross revenues 2,368 799 824 130 4,121 47 4,168 Banking and deposit interest expense (103) — — (4) (107) — (107) Total segment net revenues 2,265 799 824 126 4,014 47 4,061 Elimination of intersegment revenues (201) (17) (102) 4 (316) (3) (319) Total net revenues $ 2,064 $ 782 $ 722 $ 130 $ 3,698 $ 44 $ 3,742 (1) Revenues not included in the scope of the revenue from contracts with customers standard. The amounts primarily consist of revenue associated with insurance and annuity products and investment income from financial instruments. The following discussion describes the nature, timing, and uncertainty of revenues and cash flows arising from the Company’s contracts with customers on a consolidated basis. Management and Financial Advice Fees Asset Management Fees The Company earns revenue for performing asset management services for retail and institutional clients. The revenue is earned based on a fixed or tiered rate applied, as a percentage, to assets under management. Assets under management vary with market fluctuations and client behavior. The asset management performance obligation is considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. Asset management fees are accrued, invoiced and collected on a monthly or quarterly basis. The Company’s asset management contracts for Open Ended Investment Companies (“OEICs”) in the United Kingdom (“U.K.”) and Société d'Investissement à Capital Variable (“SICAVs”) in Europe include performance obligations for asset management and fund distribution services. The amounts received for these services are reported as Management and financial advice fees. The revenue recognition pattern is the same for both performance obligations as the fund distribution services revenue is variably constrained due to factors outside the Company’s control including market volatility and client behavior (such as how long clients hold their investment) and not recognized until assets under management are known. The Company may also earn performance-based management fees on institutional accounts, hedge funds, collateralized loan obligations (“CLOs”), OEICs, SICAVs and property and other funds based on a percentage of account returns in excess of either a benchmark index or a contractually specified level. This revenue is variable and impacted primarily by the performance of the assets being managed compared to the benchmark index or contractually specified level. The revenue is not recognized until it is probable that a significant reversal will not occur. Performance-based management fees are invoiced on a quarterly or annual basis. Advisory Fees The Company earns revenue for performing investment advisory services for certain brokerage customer’s discretionary and non-discretionary managed accounts. The revenue is earned based on a contractual fixed rate applied, as a percentage, to the market value of assets held in the account. The investment advisory performance obligation is considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. Advisory fees are billed on a monthly basis on the prior month end assets. Financial Planning Fees The Company earns revenue for providing financial plans to its clients. The revenue earned for each financial plan is either a fixed fee (received monthly, quarterly or annually) or a variable fee (received monthly) based on a contractual fixed rate applied, as a percentage, to the prior month end assets held in a client’s investment advisory account. The financial planning fee is based on the complexity of a client’s financial and life situation and his or her advisor’s experience. The performance obligation is satisfied at the time the financial plan is delivered to the customer. The Company records a contract liability for the unearned revenue when cash is received before the plan is delivered. The financial plan contracts with clients are annual contracts. Amounts recorded as a contract liability are recognized as revenue when the financial plan is delivered, which occurs within the annual contract period. For fixed fee arrangements, revenue is recognized when the financial plan is delivered. The Company accrues revenue for any amounts that have not been received at the time the financial plan is delivered. For variable fee arrangements, revenue is recognized for cash that has been received when the financial plan is delivered. The amount received after the plan is delivered is variably constrained due to factors outside the Company’s control including market volatility and client behavior. The revenue is recognized when it is probable that a significant reversal will not occur and is generally each month end as the advisory account balance uncertainty is resolved. Contract liabilities for financial planning fees, which are included in Other liabilities, were $167 million and $168 million as of March 31, 2024 and December 31, 2023, respectively. The Company pays sales commissions to advisors when a new financial planning contract is obtained or when an existing contract is renewed. The sales commissions paid to the advisors prior to financial plan delivery are considered costs to obtain a contract with a customer and are initially capitalized. When the performance obligation to deliver the financial plan is satisfied, the commission is recognized as distribution expense. Capitalized costs to obtain these contracts are reported in Other assets and were $133 million and $135 million as of March 31, 2024 and December 31, 2023, respectively. Transaction and Other Fees The Company earns revenue for providing customer support, shareholder and administrative services (including transfer agent services) for affiliated mutual funds and networking, sub-accounting and administrative services for unaffiliated mutual funds. The Company also receives revenue for providing custodial services and account maintenance services on brokerage and retirement accounts that are not included in an advisory relationship. Transfer agent and administrative revenue is earned based on either a fixed rate applied, as a percentage, to assets under management or an annual fixed fee for each fund position. Networking and sub-accounting revenue is earned based on either an annual fixed fee for each account or an annual fixed fee for each fund position. Custodial and account maintenance revenue is generally earned based on a quarterly or annual fixed fee for each account. Each of the customer support and administrative services performance obligations are considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. Transaction and other fees (other than custodial service fees) are invoiced or charged to brokerage accounts on a monthly or quarterly basis. Custodial service fees are invoiced or charged to brokerage accounts on an annual basis. Contract liabilities for custodial service fees, which are included in Other liabilities, were $39 million and nil as of March 31, 2024 and December 31, 2023, respectively. The Company earns revenue for providing trade execution services to franchise advisors. The trade execution performance obligation is satisfied at the time of each trade and the revenue is primarily earned based on a fixed fee per trade. These fees are invoiced and collected on a semi-monthly basis. Distribution Fees Mutual Funds and Insurance and Annuity Products The Company earns revenue for selling affiliated and unaffiliated mutual funds, fixed and variable annuities and insurance products. The performance obligation is satisfied at the time of each individual sale. A portion of the revenue is based on a fixed rate applied, as a percentage, to amounts invested at the time of sale. The remaining revenue is recognized over the time the client owns the investment or holds the contract and is generally earned based on a fixed rate applied, as a percentage, to the net asset value of the fund, or the value of the insurance policy or annuity contract. The ongoing revenue is not recognized at the time of sale because it is variably constrained due to factors outside the Company’s control including market volatility and client behavior (such as how long clients hold their investment, insurance policy or annuity contract). This ongoing revenue may be recognized for many years after the initial sale. The revenue will not be recognized until it is probable that a significant reversal will not occur. The Company earns revenue for providing unaffiliated partners an opportunity to educate the Company’s advisors or to support availability and distribution of their products on the Company’s platforms. These payments allow the outside parties to train and support the advisors, explain the features of their products and distribute marketing and educational materials, and support trading and operational systems necessary to enable the Company’s client servicing and production distribution efforts. The Company earns revenue for placing and maintaining unaffiliated fund partners and insurance companies’ products on the Company’s sales platform (subject to the Company’s due diligence standards). The revenue is primarily earned based on a fixed fee or a fixed rate applied, as a percentage, to the market value of assets invested. These performance obligations are considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. These fees are invoiced and collected on monthly basis. Off-Balance Sheet Brokerage Cash The Company earns revenue for placing clients’ deposits in its brokerage sweep program with third-party banks. The amount received from the third-party banks is impacted by short-term interest rates. The performance obligation with the financial institutions that participate in the sweep program is considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. The revenue is earned daily and settled monthly based on a rate applied, as a percentage, to the deposits placed. Other Products The Company earns revenue for selling unaffiliated alternative products. The performance obligation is satisfied at the time of each individual sale. A portion of the revenue is based on a fixed rate applied, as a percentage, to amounts invested at the time of sale. The remaining revenue is recognized over the time the client owns the investment and is earned generally based on a fixed rate applied, as a percentage, to the market value of the investment. The ongoing revenue is not recognized at the time of sale because it is variably constrained due to factors outside the Company’s control including market volatility and client behavior (such as how long clients hold their investment). The revenue will not be recognized until it is probable that a significant reversal will not occur. The Company earns revenue from brokerage clients for the execution of requested trades. The performance obligation is satisfied at the time of trade execution and amounts are received on the settlement date. The revenue varies for each trade based on various factors that include the type of investment, dollar amount of the trade and how the trade is executed (online or broker assisted). Other Revenues The Company earns revenue from fees charged to franchise advisors for providing various services the advisors need to manage and grow their practices. The primary services include: licensing of intellectual property and software, compliance supervision, insurance coverage, technology services and support, consulting and other services. The services are either provided by the Company or third- party providers. The Company controls the services provided by third parties as it has the right to direct the third parties to perform the services, is primarily responsible for performing the services and sets the prices the advisors are charged. The Company recognizes revenue for the gross amount of the fees received from the advisors. The fees are primarily collected monthly as a reduction of commission payments. Intellectual property and software licenses, along with compliance supervision, insurance coverage, and technology services and support are primarily earned based on a monthly fixed fee. These services are considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. The consulting and other services performance obligations are satisfied as the services are delivered and revenue is earned based upon the level of service requested. Contract Costs Asset The Company has an asset of $23 million and $25 million as of March 31, 2024 and December 31, 2023, respectively, related to the transition of investment advisory services under an arrangement with BMO Financial Group for clients that elected to transfer U.S. retail and institutional assets to the Company. Receivables Receivables for revenue from contracts with customers are recognized when the performance obligation is satisfied and the Company has an unconditional right to the revenue. Receivables related to revenues from contracts with customers were $552 million and $537 million as of March 31, 2024 and December 31, 2023, respectively.

Variable Interest Entities

Variable Interest Entities	3 Months Ended
Variable Interest Entities	Mar. 31, 2024
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities The Company provides asset management services to investment entities which are considered to be VIEs, such as CLOs, hedge funds and other private funds, property funds and certain non-U.S. series funds (such as OEICs and SICAVs) (collectively, “investment entities”), which are sponsored by the Company. In addition, the Company invests in structured investments other than CLOs and certain affordable housing partnerships which are considered VIEs. The Company consolidates certain investment entities (collectively, “consolidated investment entities”) if the Company is deemed to be the primary beneficiary. The Company has no obligation to provide financial or other support to the non-consolidated VIEs beyond its initial investment and existing future funding commitments, and the Company has not provided any additional support to these entities. The Company has unfunded commitments related to consolidated CLOs of $24 million as of both March 31, 2024 and December 31, 2023. Structured Investments The Company invests in structured investments which are considered VIEs for which it is not the sponsor. These structured investments typically invest in fixed income instruments and are managed by third parties and include asset backed securities and commercial and residential mortgage backed securities. The Company classifies these investments as Available-for-Sale securities. The Company has determined that it is not the primary beneficiary of these structures due to the size of the Company’s investment in the entities and position in the capital structure of these entities. Additionally, the Company invests in CLOs for which it is the sponsor. CLOs are asset backed financing entities collateralized by a pool of assets, primarily syndicated loans and, to a lesser extent, high-yield bonds. Multiple tranches of debt securities are issued by a CLO, offering investors various maturity and credit risk characteristics. The debt securities issued by the CLOs are non-recourse to the Company. The CLO’s debt holders have recourse only to the assets of the CLO. The assets of the CLOs cannot be used by the Company. Scheduled debt payments are based on the performance of the CLO’s collateral pool. The Company earns management fees from the CLOs based on the value of the CLO’s collateral pool and, in certain instances, may also receive incentive fees. The fee arrangement is at market and commensurate with the level of effort required to provide those services. The Company has invested in a portion of the unrated, junior subordinated notes and highly rated senior notes of certain CLOs. The Company consolidates certain CLOs where it is the primary beneficiary and has the power to direct the activities that most significantly impact the economic performance of the CLO. The Company’s maximum exposure to loss with respect to structured investments and non-consolidated CLOs is limited to its amortized cost. The Company classifies these investments as Available-for-Sale securities. See Note 5 for additional information on these investments. Other Non-Consolidated VIEs The Company’s investments in other non-consolidated VIEs are recorded in other investments. The Company’s maximum exposure to loss with respect to its investments in these non-consolidated VIEs is limited to its carrying value. The carrying value of other non-consolidated VIEs was $180 million and $168 million as of March 31, 2024 and December 31, 2023, respectively. The Company’s liability related to original purchase commitments not yet remitted to the VIEs was not material as of both March 31, 2024 and December 31, 2023, respectively. The Company has not provided any additional support to the VIEs beyond the funding commitments. Property Funds, Non-U.S. Series Funds, Hedge Funds and other Private Funds The Company provides investment advice and other related services to property funds, non-U.S. series funds, hedge funds and other private funds, some of which are considered VIEs. For investment management services, the Company generally earns management fees based on the market value of assets under management, and in certain instances may also receive performance-based fees. The fee arrangements are at market and commensurate with the level of effort required to provide those services. The Company does not have a significant economic interest and is not required to consolidate any of these funds. Affordable Housing Partnerships and Other Real Estate Partnerships The Company is a limited partner in affordable housing partnerships that qualify for government-sponsored low income housing tax credit programs and partnerships that invest in multi-family residential properties that were originally developed with an affordable housing component. The Company has determined it is not the primary beneficiary and therefore does not consolidate these partnerships. A majority of the limited partnerships are VIEs. Fair Value of Assets and Liabilities The Company categorizes its fair value measurements according to a three-level hierarchy. See Note 12 for the definition of the three levels of the fair value hierarchy. The following tables present the balances of assets and liabilities held by consolidated investment entities measured at fair value on a recurring basis: March 31, 2024 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Corporate debt securities $ — $ 38 $ — $ 38 Common stocks — 5 1 6 Syndicated loans — 1,919 65 1,984 Total investments — 1,962 66 2,028 Receivables — 25 — 25 Total assets at fair value $ — $ 1,987 $ 66 $ 2,053 Liabilities Debt (1) $ — $ 2,119 $ — $ 2,119 Other liabilities — 56 — 56 Total liabilities at fair value $ — $ 2,175 $ — $ 2,175 December 31, 2023 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Corporate debt securities $ — $ 40 $ — $ 40 Common stocks — 5 — 5 Syndicated loans — 1,991 63 2,054 Total investments — 2,036 63 2,099 Receivables — 28 — 28 Other assets — 1 — 1 Total assets at fair value $ — $ 2,065 $ 63 $ 2,128 Liabilities Debt (1) $ — $ 2,155 $ — $ 2,155 Other liabilities — 45 — 45 Total liabilities at fair value $ — $ 2,200 $ — $ 2,200 (1) The carrying value of the CLOs’ debt is set equal to the fair value of the CLOs’ assets. The estimated fair value of the CLOs’ debt was $2.1 billion as of both March 31, 2024 and December 31, 2023. The following tables provide a summary of changes in Level 3 assets held by consolidated investment entities measured at fair value on a recurring basis: Common Stocks Syndicated Loans (in millions) Balance at January 1, 2024 $ — $ 63 Total gains (losses) included in: Net income — (2) (1) Purchases — 37 Transfers into Level 3 1 15 Transfers out of Level 3 — (48) Balance at March 31, 2024 $ 1 $ 65 Changes in unrealized gains (losses) included in net income relating to assets held at March 31, 2024 $ — $ (3) (1) Syndicated Loans Other Assets (in millions) Balance at January 1, 2023 $ 125 $ 1 Total gains (losses) included in: Net income (1) (1) — Purchases 17 — Sales (7) — Settlements (15) — Transfers into Level 3 21 — Transfers out of Level 3 (90) (1) Balance at March 31, 2023 $ 50 $ — Changes in unrealized gains (losses) included in net income relating to assets held at March 31, 2023 $ — (1) $ — (1) Included in Net investment income. Securities and loans transferred from Level 3 primarily represent assets with fair values that are now obtained from a third-party pricing service with observable inputs or priced in active markets. Securities and loans transferred to Level 3 represent assets with fair values that are now based on a single non-binding broker quote. All Level 3 measurements as of March 31, 2024 and December 31, 2023 were obtained from non-binding broker quotes where unobservable inputs utilized in the fair value calculation are not reasonably available to the Company. Determination of Fair Value Assets Investments The fair value of syndicated loans obtained from third-party pricing services using a market approach with observable inputs is classified as Level 2. The fair value of syndicated loans obtained from third-party pricing services with a single non-binding broker quote as the underlying valuation source is classified as Level 3. The underlying inputs used in non-binding broker quotes are not readily available to the Company. See Note 12 for a description of the Company’s determination of the fair value of corporate debt securities, common stocks and other investments. Receivables For receivables of the consolidated CLOs, the carrying value approximates fair value as the nature of these assets has historically been short-term and the receivables have been collectible. The fair value of these receivables is classified as Level 2. Liabilities Debt The fair value of the CLOs’ assets, typically syndicated bank loans, is more observable than the fair value of the CLOs’ debt tranches for which market activity is limited and less transparent. As a result, the fair value of the CLOs’ debt is set equal to the fair value of the CLOs’ assets and is classified as Level 2. Other Liabilities Other liabilities consist primarily of securities purchased but not yet settled held by consolidated CLOs. The carrying value approximates fair value as the nature of these liabilities has historically been short-term. The fair value of these liabilities is classified as Level 2. Other liabilities also include accrued interest on CLO debt. Fair Value Option The Company has elected the fair value option for the financial assets and liabilities of the consolidated CLOs. Management believes that the use of the fair value option better matches the changes in fair value of assets and liabilities related to the CLOs. The following table presents the fair value and unpaid principal balance of loans and debt for which the fair value option has been elected: March 31, 2024 December 31, 2023 (in millions) Syndicated loans Unpaid principal balance $ 2,076 $ 2,190 Excess unpaid principal over fair value (92) (136) Fair value $ 1,984 $ 2,054 Fair value of loans more than 90 days past due $ 4 $ — Fair value of loans in nonaccrual status 6 13 Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both 17 40 Debt Unpaid principal balance $ 2,302 $ 2,362 Excess unpaid principal over fair value (183) (207) Carrying value (1) $ 2,119 $ 2,155 (1) The carrying value of the CLOs’ debt is set equal to the fair value of the CLOs’ assets. The estimated fair value of the CLOs’ debt was $2.1 billion as of both March 31, 2024 and December 31, 2023. Interest income from syndicated loans, bonds and structured investments is recorded based on contractual rates in Net investment income. Gains and losses related to changes in the fair value of investments and gains and losses on sales of investments are also recorded in Net investment income. Interest expense on debt is recorded in Interest and debt expense with gains and losses related to changes in the fair value of debt recorded in Net investment income. Total net gains (losses) recognized in Net investment income related to the changes in fair value of investments the Company owns in the consolidated CLOs where it has elected the fair value option and collateralized financing entity accounting were immaterial for both the three months ended March 31, 2024 and 2023. Debt of the consolidated investment entities and the stated interest rates were as follows: Carrying Value Weighted Average Interest Rate March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 (in millions) Debt of consolidated CLOs due 2028 -2034 $ 2,119 $ 2,155 6.6 % 6.6 %

Investments

Investments	3 Months Ended
Investments	Mar. 31, 2024
Investments [Abstract]
Investments	Investments The following is a summary of Ameriprise Financial investments: March 31, 2024 December 31, 2023 (in millions) Available-for-Sale securities, at fair value $ 52,246 $ 51,562 Mortgage loans (allowance for credit losses: 2024, $14; 2023, $14) 2,155 2,118 Policy loans 926 912 Other investments (allowance for credit losses: 2024, $6; 2023, $6) 922 897 Total $ 56,249 $ 55,489 Other investments primarily reflect the Company’s interests in affordable housing partnerships, trading securities, equity securities, seed money investments in proprietary funds, syndicated loans, credit card receivables and certificates of deposit with original or remaining maturities at the time of purchase of more than 90 days. The following is a summary of Net investment income: Three Months Ended March 31, 2024 2023 (in millions) Investment income on fixed maturities $ 754 $ 571 Net realized gains (losses) 1 4 Consolidated investment entities 45 42 Other (1) 101 81 Total $ 901 $ 698 (1) Prior period amount associated with affordable housing partnerships has been reclassified to Other to conform to current year presentation. Available-for-Sale securities distributed by type were as follows: March 31, 2024 Description of Securities Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value (in millions) Corporate debt securities $ 13,154 $ 291 $ (590) $ (1) $ 12,854 Residential mortgage backed securities 22,585 77 (1,220) — 21,442 Commercial mortgage backed securities 6,312 14 (303) — 6,023 Asset backed securities 8,177 31 (52) — 8,156 State and municipal obligations 726 52 (19) (1) 758 U.S. government and agency obligations 2,982 — — — 2,982 Foreign government bonds and obligations 19 — (1) — 18 Other securities 13 — — — 13 Total $ 53,968 $ 465 $ (2,185) $ (2) $ 52,246 Description of Securities December 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value (in millions) Corporate debt securities $ 12,675 $ 409 $ (507) $ (1) $ 12,576 Residential mortgage backed securities 22,130 107 (1,171) — 21,066 Commercial mortgage backed securities 6,380 11 (341) — 6,050 Asset backed securities 8,353 25 (59) — 8,319 State and municipal obligations 719 62 (20) (1) 760 U.S. government and agency obligations 2,739 1 — — 2,740 Foreign government bonds and obligations 19 — (1) — 18 Other securities 33 — — — 33 Total $ 53,048 $ 615 $ (2,099) $ (2) $ 51,562 As of March 31, 2024 and December 31, 2023, accrued interest of $330 million and $319 million, respectively, is excluded from the amortized cost basis of Available-for-Sale securities in the tables above and is recorded in Receivables. As of both March 31, 2024 and December 31, 2023, fixed maturity securities comprised approximately 93% of Ameriprise Financial investments. Rating agency designations are based on the availability of ratings from Nationally Recognized Statistical Rating Organizations (“NRSROs”), including Moody’s Investors Service (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”) and Fitch Ratings Ltd. (“Fitch”). The Company uses the median of available ratings from Moody’s, S&P and Fitch, or if fewer than three ratings are available, the lower rating is used. When ratings from Moody’s, S&P and Fitch are unavailable, the Company may utilize ratings from other NRSROs or rate the securities internally. As of March 31, 2024 and December 31, 2023, the Company’s internal analysts rated $420 million and $282 million, respectively, of securities using criteria similar to those used by NRSROs. A summary of fixed maturity securities by rating was as follows: Ratings March 31, 2024 December 31, 2023 Amortized Cost Fair Value Percent of Total Fair Value Amortized Cost Fair Value Percent of Total Fair Value (in millions, except percentages) AAA $ 26,371 $ 25,540 49 % $ 25,235 $ 24,342 47 % AA 13,406 12,830 24 14,013 13,534 26 A 3,305 3,326 6 3,073 3,139 6 BBB 10,583 10,252 20 10,396 10,216 20 Below investment grade (1) 303 298 1 331 331 1 Total fixed maturities $ 53,968 $ 52,246 100 % $ 53,048 $ 51,562 100 % (1) The amortized cost and fair value of below investment grade securities includes interest in non-consolidated CLOs managed by the Company of $1 million as of both March 31, 2024 and December 31, 2023. These securities are not rated but are included in below investment grade due to their risk characteristics. As of March 31, 2024 and December 31, 2023, approximately 85% and 83% of securities rated AA were GNMA, FNMA and FHLMC mortgage backed securities, respectively. No holdings of any issuer were greater than 10% of the Company’s total equity as of both March 31, 2024 and December 31, 2023. The following tables summarize the fair value and gross unrealized losses on Available-for-Sale securities, aggregated by major investment type and the length of time that individual securities have been in a continuous unrealized loss position for which no allowance for credit losses has been recorded: Description of Securities March 31, 2024 Less than 12 Months 12 Months or More Total Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses (in millions, except number of securities) Corporate debt securities 176 $ 2,371 $ (25) 367 $ 5,179 $ (565) 543 $ 7,550 $ (590) Residential mortgage backed securities 110 3,747 (31) 742 10,772 (1,189) 852 14,519 (1,220) Commercial mortgage backed securities 10 163 — 283 4,370 (303) 293 4,533 (303) Asset backed securities 44 919 (2) 80 987 (50) 124 1,906 (52) State and municipal obligations 6 17 — 51 152 (19) 57 169 (19) U.S. government and agency obligations 14 1,318 — 1 — — 15 1,318 — Foreign government bonds and obligations 2 5 — 3 12 (1) 5 17 (1) Other securities 1 13 — — — — 1 13 — Total 363 $ 8,553 $ (58) 1,527 $ 21,472 $ (2,127) 1,890 $ 30,025 $ (2,185) Description of Securities December 31, 2023 Less than 12 Months 12 Months or More Total Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses (in millions, except number of securities) Corporate debt securities 97 $ 1,276 $ (11) 376 $ 5,197 $ (496) 473 $ 6,473 $ (507) Residential mortgage backed securities 82 3,052 (25) 734 10,677 (1,146) 816 13,729 (1,171) Commercial mortgage backed securities 31 747 (9) 277 4,092 (332) 308 4,839 (341) Asset backed securities 49 885 (2) 116 2,840 (57) 165 3,725 (59) State and municipal obligations 5 29 (1) 49 138 (19) 54 167 (20) U.S. government and agency obligations 11 955 — 1 — — 12 955 — Foreign government bonds and obligations — — — 3 12 (1) 3 12 (1) Total 275 $ 6,944 $ (48) 1,556 $ 22,956 $ (2,051) 1,831 $ 29,900 $ (2,099) As part of the Company’s ongoing monitoring process, management determined that the increase in total gross unrealized losses on its Available-for-Sale securities for which an allowance for credit losses has not been recognized during the three months ended March 31, 2024 is primarily attributable to the impact of higher interest rates. As of March 31, 2024, the Company did not recognize these unrealized losses in earnings because it was determined that such losses were due to non-credit factors. The Company does not intend to sell these securities and does not believe that it is more likely than not that the Company will be required to sell these securities before the anticipated recovery of the remaining amortized cost basis. As of March 31, 2024 and December 31, 2023, approximately 97% and 96%, respectively, of the total of Available-for-Sale securities with gross unrealized losses were considered investment grade. The following table presents rollforwards of the allowance for credit losses on Available-for-Sale securities: Corporate Debt Securities State and Municipal Obligations Total (in millions) Balance at January 1, 2024 $ 1 $ 1 $ 2 Additional increases (decreases) on securities that had an allowance recorded in a previous period — — — Balance at March 31, 2024 $ 1 $ 1 $ 2 Balance at January 1, 2023 $ 20 $ 2 $ 22 Additional increases (decreases) on securities that had an allowance recorded in a previous period 3 — 3 Balance at March 31, 2023 $ 23 $ 2 $ 25 Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method, recognized in Net investment income were as follows: Three Months Ended March 31, 2024 (1) 2023 (in millions) Gross realized investment gains $ — $ 10 Gross realized investment losses — (2) Credit reversals (losses) — (3) Other impairments — (2) Total $ — $ 3 1) No realized gains or losses on Available-for-Sale securities, including credit losses and other impairments, exceeded $1 million for the three months ended March 31, 2024. Credit losses for the three months ended March 31, 2023 primarily related to recording an allowance for credit losses on a corporate debt security in the communications industry. Other impairments for the three months ended March 31, 2023 related to Available-for-Sale securities which the Company intended to sell. See Note 15 for a rollforward of net unrealized investment gains (losses) included in accumulated other comprehensive income (loss) (“AOCI”). Available-for-Sale securities by contractual maturity as of March 31, 2024 were as follows: Amortized Cost Fair Value (in millions) Due within one year $ 4,561 $ 4,551 Due after one year through five years 2,468 2,412 Due after five years through 10 years 4,611 4,289 Due after 10 years 5,254 5,373 16,894 16,625 Residential mortgage backed securities 22,585 21,442 Commercial mortgage backed securities 6,312 6,023 Asset backed securities 8,177 8,156 Total $ 53,968 $ 52,246 Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Residential mortgage backed securities, commercial mortgage backed securities and asset backed securities are not due at a single maturity date. As such, these securities were not included in the maturities distribution.

Financing Receivables

Financing Receivables	3 Months Ended
Financing Receivables	Mar. 31, 2024
Receivables [Abstract]
Financing Receivables	Financing Receivables Financing receivables are comprised of commercial loans, consumer loans and deposit receivables. Allowance for Credit Losses The following tables present a rollforward of the allowance for credit losses: Commercial Loans Consumer Loans Total (in millions) Balance at January 1, 2024 $ 54 $ 9 $ 63 Provisions (2) 1 (1) Charge-offs (1) (1) (2) Balance at March 31, 2024 $ 51 $ 9 $ 60 Balance at January 1, 2023 $ 54 $ 5 $ 59 Provisions (1) 2 1 Charge-offs (1) — (1) Balance at March 31, 2023 $ 52 $ 7 $ 59 As of both March 31, 2024 and December 31, 2023, accrued interest on commercial loans was $19 million and is recorded in Receivables and excluded from the amortized cost basis of commercial loans. Purchases and Sales During the three months ended March 31, 2024 and 2023, the Company purchased nil and $1 million, respectively, of syndicated loans, and sold nil and $1 million, respectively, of syndicated loans. During the three months ended March 31, 2024 and 2023, the Company purchased $36 million and $43 million, respectively, of residential mortgage loans. The Company has not acquired any loans with deteriorated credit quality as of the acquisition date. Credit Quality Information Nonperforming loans were $12 million as of both March 31, 2024 and December 31, 2023. All other loans were considered to be performing. Commercial Loans Commercial Mortgage Loans The Company reviews the credit worthiness of the borrower and the performance of the underlying properties in order to determine the risk of loss on commercial mortgage loans. Loan-to-value ratio is the primary credit quality indicator included in this review. Based on this review, the commercial mortgage loans are assigned an internal risk rating, which management updates when credit risk changes. Commercial mortgage loans which management has assigned its highest risk rating were less than 1% of total commercial mortgage loans as of both March 31, 2024 and December 31, 2023. Loans with the highest risk rating represent distressed loans which the Company has identified as impaired or expects to become delinquent or enter into foreclosure within the next six months. There were no commercial mortgage loans past due as of both March 31, 2024 and December 31, 2023. The tables below present the amortized cost basis of commercial mortgage loans by the year of origination and loan-to-value ratio: March 31, 2024 Loan-to-Value Ratio 2024 2023 2022 2021 2020 Prior Total (in millions) > 100% $ — $ — $ — $ — $ — $ 24 $ 24 80% - 100% — — 5 — — 60 65 60% - 80% 28 59 26 6 15 129 263 40% - 60% 3 8 46 133 42 386 618 < 40% — 10 32 48 51 726 867 Total $ 31 $ 77 $ 109 $ 187 $ 108 $ 1,325 $ 1,837 December 31, 2023 Loan-to-Value Ratio 2023 2022 2021 2020 2019 Prior Total (in millions) > 100% $ — $ — $ — $ — $ 2 $ 22 $ 24 80% - 100% — 5 — 2 11 50 68 60% - 80% 59 26 6 14 40 106 251 40% - 60% 8 47 133 53 70 348 659 < 40% 10 32 49 40 80 619 830 Total $ 77 $ 110 $ 188 $ 109 $ 203 $ 1,145 $ 1,832 Loan-to-value ratio is based on income and expense data provided by borrowers at least annually and long-term capitalization rate assumptions based on property type. For the three months ended March 31, 2024, write-offs of commercial mortgage loans were not material. In addition, the Company reviews the concentrations of credit risk by region and property type. Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows: Loans Percentage March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 (in millions) East North Central $ 191 $ 189 10 % 10 % East South Central 47 52 3 3 Middle Atlantic 113 112 6 6 Mountain 146 138 8 8 New England 27 28 1 2 Pacific 619 624 34 34 South Atlantic 466 465 25 25 West North Central 107 109 6 6 West South Central 121 115 7 6 Total $ 1,837 $ 1,832 100 % 100 % Concentrations of credit risk of commercial mortgage loans by property type were as follows: Loans Percentage March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 (in millions) Apartments $ 483 $ 485 26 % 26 % Hotel 19 13 1 1 Industrial 313 317 17 17 Mixed use 64 64 4 4 Office 233 241 13 13 Retail 573 561 31 31 Other 152 151 8 8 Total $ 1,837 $ 1,832 100 % 100 % Syndicated Loans The investment in syndicated loans as of March 31, 2024 and December 31, 2023 was $138 million and $145 million, respectively. The Company’s syndicated loan portfolio is diversified across industries and issuers. There were no syndicated loans past due as of March 31, 2024 and syndicated loans past due were not material as of December 31, 2023. The Company assigns an internal risk rating to each syndicated loan in its portfolio ranging from 1 through 5, with 5 reflecting the lowest quality. For the three months ended March 31, 2024, write-offs of syndicated loans were not material. The tables below present the amortized cost basis of syndicated loans by origination year and internal risk rating: March 31, 2024 Internal Risk Rating 2024 2023 2022 2021 2020 Prior Total (in millions) Risk 5 $ — $ — $ — $ — $ — $ — $ — Risk 4 — — — — 1 2 3 Risk 3 — 2 — 12 2 10 26 Risk 2 12 20 1 13 3 12 61 Risk 1 5 14 2 12 3 12 48 Total $ 17 $ 36 $ 3 $ 37 $ 9 $ 36 $ 138 December 31, 2023 Internal Risk Rating 2023 2022 2021 2020 2019 Prior Total (in millions) Risk 5 $ — $ 1 $ — $ — $ — $ — $ 1 Risk 4 — — — 1 2 — 3 Risk 3 2 — 12 2 2 10 28 Risk 2 26 3 17 5 11 2 64 Risk 1 14 5 15 3 10 2 49 Total $ 42 $ 9 $ 44 $ 11 $ 25 $ 14 $ 145 Financial Advisor Loans The Company offers loans to financial advisors for transitional cost assistance and practice operations. Repayment of the loan is highly dependent on the retention of the financial advisor. In the event a financial advisor is no longer affiliated with the Company, the unpaid balances generally become immediately due. Accordingly, the primary risk factor for advisor loans is termination status. The allowance for credit losses related to loans to advisors that have terminated their relationship with the Company was $7 million as of both March 31, 2024 and December 31, 2023. For the three months ended March 31, 2024, write-offs of advisor loans were not material. The tables below present the amortized cost basis of advisor loans by origination year and termination status: March 31, 2024 Termination Status 2024 2023 2022 2021 2020 Prior Total (in millions) Active $ 120 $ 386 $ 299 $ 144 $ 99 $ 215 $ 1,263 Terminated — — 1 1 3 7 12 Total $ 120 $ 386 $ 300 $ 145 $ 102 $ 222 $ 1,275 December 31, 2023 Termination Status 2023 2022 2021 2020 2019 Prior Total (in millions) Active $ 395 $ 310 $ 151 $ 107 $ 79 $ 157 $ 1,199 Terminated — 2 1 1 4 4 12 Total $ 395 $ 312 $ 152 $ 108 $ 83 $ 161 $ 1,211 Consumer Loans Residential Mortgage Loans The Company reviews the credit worthiness of the borrower in order to determine the risk of loss on residential mortgage loans. Geographic location and FICO scores are the primary credit quality indicators included in the model that projects the Company’s risk of credit loss over the life of the residential mortgage loan portfolio. Delinquency rates are measured based on the number of days past due. Residential mortgage loans over 30 days past due were $3 million and $2 million as of March 31, 2024 and December 31, 2023, respectively. For the three months ended March 31, 2024, write-offs of residential mortgage loans were not material. The tables below present the amortized cost basis of residential mortgage loans by year of origination and FICO score: FICO Score March 31, 2024 2024 2023 2022 2021 2020 Total (in millions) > 810 $ — $ 10 $ 3 $ 2 $ 1 $ 16 780 - 809 14 64 29 8 6 121 740 - 779 8 85 26 8 5 132 720 - 739 3 16 6 4 — 29 700 - 719 — 8 5 4 1 18 < 699 2 8 3 3 — 16 Total $ 27 $ 191 $ 72 $ 29 $ 13 $ 332 FICO Score December 31, 2023 2023 2022 2021 2020 Total (in millions) > 810 $ 9 $ 3 $ 2 $ — $ 14 780 - 809 65 29 8 6 108 740 - 779 80 26 8 6 120 720 - 739 15 6 4 1 26 700 - 719 8 5 4 1 18 < 699 7 4 3 — 14 Total $ 184 $ 73 $ 29 $ 14 $ 300 The table below presents the concentrations of credit risk of residential mortgage loans by U.S. region: Loans Percentage March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 (in millions) Minnesota $ 200 $ 178 60 % 59 % Other U.S. States 132 122 40 41 Total $ 332 $ 300 100 % 100 % Credit Card Receivables The credit cards are co-branded with Ameriprise Financial, Inc. and issued to the Company’s customers by a third party. FICO scores and delinquency rates are the primary credit quality indicators for the credit card portfolio. Delinquency rates are measured based on the number of days past due. Credit card receivables over 30 days past due were 2% of total credit card receivables as of both March 31, 2024 and December 31, 2023. The table below presents the amortized cost basis of credit card receivables by FICO score: FICO Score March 31, 2024 December 31, 2023 (in millions) > 800 $ 30 $ 32 750 - 799 26 28 700 - 749 30 30 650 - 699 19 19 < 650 8 8 Total $ 113 $ 117 Policy Loans Policy loans do not exceed the cash surrender value at origination. As there is minimal risk of loss related to policy loans, there is no allowance for credit losses. Margin Loans The margin loans balance was $1.0 billion and $1.1 billion as of March 31, 2024 and December 31, 2023, respectively. The Company monitors collateral supporting margin loans and requests additional collateral when necessary in order to mitigate the risk of loss. As of both March 31, 2024 an d December 31, 2023, there was no allowance for credit losses on margin loans. Pledged Asset Lines of Credit The pledged asset lines of credit balance was $563 million and $537 million as of March 31, 2024 and December 31, 2023, respectively. The Company monitors collateral supporting pledged asset lines of credit and requests additional collateral when necessary in order to mitigate the risk of loss. As of both March 31, 2024 and December 31, 2023 , there w as no allowance for credit losses on pledged asset lines of credit. Deposit Receivables Deposit receivables were $6.3 billion and $6.5 billion as of March 31, 2024 and December 31, 2023 , respectively. Deposit receivables are collateralized by the fair value of the assets held in trusts. Based on management’s evaluation of the collateral value relative to the deposit receivables, the allowance for credit losses for deposit receivables was not material as of both March 31, 2024 and December 31, 2023. Modifications with Borrowers Experiencing Financial Difficulty Modifications of financing receivables with borrowers experiencing financial difficulty by the Company were not material for the three months ended March 31, 2024 and 2023.

Deferred Acquisition Costs and

Deferred Acquisition Costs and Deferred Sales Inducement Costs	3 Months Ended
	Mar. 31, 2024
Deferred Charges, Insurers [Abstract]
Deferred Acquisition Costs and Deferred Sales Inducement Costs	Deferred Acquisition Costs and Deferred Sales Inducement Costs The following tables summarize the balances of and changes in deferred acquisition costs (“DAC”): Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Universal Life Insurance Variable Universal Life Insurance (in millions) Balance at January 1, 2024 $ 1,496 $ 208 $ 35 $ 5 $ 110 $ 534 Capitalization of acquisition costs 6 25 — — — 13 Amortization (30) (7) (2) — (2) (11) Balance at March 31, 2024 $ 1,472 $ 226 $ 33 $ 5 $ 108 $ 536 Indexed Universal Life Insurance Other Life Insurance Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Total, (in millions) Balance at January 1, 2024 $ 223 $ 2 $ 6 $ 17 $ 75 $ 2,711 Capitalization of acquisition costs 1 — 1 — 1 47 Amortization (4) — — — (3) (59) Balance at March 31, 2024 $ 220 $ 2 $ 7 $ 17 $ 73 $ 2,699 Other broker dealer acquisition costs 2 Balance at March 31, 2024 including broker dealer acquisition costs $ 2,701 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Universal Life Insurance Variable Universal Life Insurance (in millions) Balance at January 1, 2023 $ 1,598 $ 149 $ 45 $ 6 $ 118 $ 521 Capitalization of acquisition costs 23 83 — — — 57 Amortization (125) (24) (10) (1) (8) (44) Balance at December 31, 2023 $ 1,496 $ 208 $ 35 $ 5 $ 110 $ 534 Indexed Universal Life Insurance Other Life Insurance Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Total, (in millions) Balance at January 1, 2023 $ 236 $ 3 $ 2 $ 18 $ 79 $ 2,775 Capitalization of acquisition costs 4 — 4 1 4 176 Amortization (17) (1) — (2) (8) (240) Balance at December 31, 2023 $ 223 $ 2 $ 6 $ 17 $ 75 $ 2,711 Other broker dealer acquisition costs 2 Balance at December 31, 2023 including broker dealer acquisition costs $ 2,713 The following tables summarize the balances of and changes in deferred sales inducement costs (“DSIC”): Variable Annuities Fixed Annuities Total, (in millions) Balance at January 1, 2024 $ 136 $ 12 $ 148 Amortization (3) (1) (4) Balance at March 31, 2024 $ 133 $ 11 $ 144 Variable Annuities Fixed Annuities Total, (in millions) Balance at January 1, 2023 $ 151 $ 16 $ 167 Amortization (15) (4) (19) Balance at December 31, 2023 $ 136 $ 12 $ 148

Policyholder Account Balances,

Policyholder Account Balances, Future Policy Benefits and Claims	3 Months Ended
	Mar. 31, 2024
Policyholder Account Balance [Abstract]
Policyholder Account Balances, Future Policy Benefits and Claims	Policyholder Account Balances, Future Policy Benefits and Claims Policyholder account balances, future policy benefits and claims consisted of the following: March 31, 2024 December 31, 2023 (in millions) Policyholder account balances Policyholder account balances $ 29,229 $ 27,947 Future policy benefits Reserve for future policy benefits 7,619 7,763 Deferred profit liability 87 81 Additional liabilities for insurance guarantees 1,336 1,321 Other insurance and annuity liabilities 191 213 Total future policy benefits 9,233 9,378 Policy claims and other policyholders’ funds 205 220 Total policyholder account balances, future policy benefits and claims $ 38,667 $ 37,545 Variable Annuities Purchasers of variable annuities can select from a variety of investment options and can elect to allocate a portion to a fixed account. A vast majority of the premiums received for variable annuity contracts are held in separate accounts where the assets are held for the exclusive benefit of those contractholders. Most of the variable annuity contracts issued by the Company contain a guaranteed minimum death benefit (“GMDB”). The Company previously offered contracts with guaranteed minimum accumulation benefit (“GMAB”), guaranteed minimum withdrawal benefit (“GMWB”), and guaranteed minimum income benefit (“GMIB”) provisions. See Note 10 for additional information regarding the Company’s variable annuity guarantees. See Note 12 and Note 14 for additional information regarding the Company’s derivative instruments used to hedge risks related to these guarantees. Structured Variable Annuities Structured variable annuities provide contractholders the option to allocate a portion of their account value to an indexed account held in a non-insulated separate account with the contractholder’s rate of return, which may be positive or negative, tied to selected indices. The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. The Company hedges the equity and interest rate risk related to the indexed account with freestanding derivative instruments. Fixed Annuities Fixed annuities include deferred, payout and fixed deferred indexed annuity contracts. In 2020, the Company discontinued sales of fixed deferred and fixed deferred indexed annuities. Deferred contracts offer a guaranteed minimum rate of interest and security of the principal invested. Payout contracts guarantee a fixed income payment for life or the term of the contract. Liabilities for fixed annuities in a benefit or payout status are based on future estimated payments using established industry mortality tables and interest rates. The Company’s fixed index annuity product is a fixed annuity that includes an indexed account. The rate of interest credited above the minimum guarantee for funds allocated to the indexed account is linked to the performance of the specific index for the indexed account (subject to a cap). The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. See Note 14 for additional information regarding the Company’s derivative instruments used to hedge the risk related to indexed accounts. Insurance Liabilities Universal life (“UL”) policies accumulate cash value that increases by a fixed interest rate. Purchasers of variable universal life (“VUL”) can select from a variety of investment options and can elect to allocate a portion of their account balance to a fixed account or a separate account. A vast majority of the premiums received for VUL policies are held in separate accounts where the assets are held for the exclusive benefit of those policyholders. Indexed universal life (“IUL”) is a UL policy that includes an indexed account. The rate of credited interest for funds allocated by a contractholder to the indexed account is linked to the performance of the specific index for the indexed account (subject to stated account parameters, which include a cap and floor, or a spread). The policyholder may allocate all or a portion of the policy value to a fixed or any available indexed account. The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. The Company hedges the interest credited rate including equity and interest rate risk related to the indexed account with freestanding derivative instruments. See Note 14 for additional information regarding the Company’s derivative instruments used to hedge the risk related to IUL. The Company also offers term life insurance as well as disability income (“DI”) insurance products. The Company no longer offers standalone long term care (“LTC”) insurance products and whole life insurance but has in force policies from prior years. Insurance liabilities include accumulation values, incurred but not reported claims, obligations for anticipated future claims, unpaid reported claims and claim adjustment expenses. The balances of and changes in policyholder account balances were as follows: Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2024 $ 4,173 $ 10,742 $ 5,982 $ 307 $ 444 Contract deposits 10 955 11 — 30 Policy charges (3) — — — — Surrenders and other benefits (181) (74) (244) (4) (28) Net transfer from (to) separate account liabilities (7) — — — — Variable account index-linked adjustments — 704 — — — Interest credited 32 — 52 4 3 Balance at March 31, 2024 $ 4,024 $ 12,327 $ 5,801 $ 307 $ 449 Weighted-average crediting rate 3.3 % 1.8 % 3.6 % 2.0 % N/A Cash surrender value (1) $ 3,999 $ 11,656 $ 5,794 $ 278 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2024 $ 1,474 $ 1,569 $ 2,755 $ 501 $ 27,947 Contract deposits 29 62 46 — 1,143 Policy charges (44) (23) (32) — (102) Surrenders and other benefits (13) (21) (17) (14) (596) Net transfer from (to) separate account liabilities — (19) — — (26) Variable account index-linked adjustments — — — — 704 Interest credited 12 15 37 4 159 Balance at March 31, 2024 $ 1,458 $ 1,583 $ 2,789 $ 491 $ 29,229 Weighted-average crediting rate 3.6 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 8,626 $ 56,939 $ 14,215 $ 139 Cash surrender value (1) $ 1,318 $ 1,072 $ 2,315 $ 319 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2023 $ 4,752 $ 6,410 $ 6,799 $ 312 $ 471 Contract deposits 73 3,084 47 — 91 Policy charges (10) — — — — Surrenders and other benefits (759) (156) (1,086) (10) (127) Net transfer from (to) separate account liabilities (25) — — — — Variable account index-linked adjustments — 1,403 — — — Interest credited 142 1 222 5 9 Balance at December 31, 2023 $ 4,173 $ 10,742 $ 5,982 $ 307 $ 444 Weighted-average crediting rate 3.3 % 1.8 % 3.6 % 2.0 % N/A Cash surrender value (1) $ 4,146 $ 10,129 $ 5,974 $ 278 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,544 $ 1,520 $ 2,654 $ 524 $ 24,986 Contract deposits 123 272 193 1 3,884 Policy charges (176) (94) (121) — (401) Surrenders and other benefits (69) (78) (53) (44) (2,382) Net transfer from (to) separate account liabilities — (107) — — (132) Variable account index-linked adjustments — — — — 1,403 Interest credited 52 56 82 20 589 Balance at December 31, 2023 $ 1,474 $ 1,569 $ 2,755 $ 501 $ 27,947 Weighted-average crediting rate 3.6 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 8,740 $ 57,291 $ 14,407 $ 141 Cash surrender value (1) $ 1,330 $ 1,065 $ 2,271 $ 326 (1) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. For variable annuities and VUL, the cash surrender value shown is the proportion of the total cash surrender value related to their fixed account liabilities. Refer to Note 10 for the net amount at risk for market risk benefits (“MRB”) associated with variable and structured variable annuities. Fixed, fixed indexed, and non-life contingent payout annuities do not have net amount at risk in excess of account value. Net amount at risk for insurance products is calculated as the death benefit amount in excess of applicable account values, host, embedded derivative, and separate account liabilities. The following tables present the account values of fixed deferred annuities, fixed insurance, and the fixed portion of variable annuities and variable insurance contracts by range of guaranteed minimum interest rates (“GMIRs”) and the range of the difference between rates credited to policyholders and contractholders as of March 31, 2024 and December 31, 2023 and the respective guaranteed minimums, as well as the percentage of account values subject to rate reset in the time period indicated. Rates are reset at management’s discretion, subject to guaranteed minimums. March 31, 2024 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 36 $ 120 $ 57 $ 16 $ 2 $ 231 2 % – 2.99% 132 — — — — 132 3 % – 3.99% 2,121 3 — 1 — 2,125 4 % – 5.00% 1,480 — — — — 1,480 Total $ 3,769 $ 123 $ 57 $ 17 $ 2 $ 3,968 Fixed accounts of structured variable annuities 1 % – 1.99% $ 1 $ 22 $ 4 $ 2 $ — $ 29 2 % – 2.99% 11 — — — — 11 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 12 $ 22 $ 4 $ 2 $ — $ 40 Fixed annuities 1 % – 1.99% $ 103 $ 343 $ 179 $ 86 $ — $ 711 2 % – 2.99% 31 16 — — — 47 3 % – 3.99% 2,697 — — — — 2,697 4 % – 5.00% 2,331 — — — — 2,331 Total $ 5,162 $ 359 $ 179 $ 86 $ — $ 5,786 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ — $ 2 $ 7 $ 14 $ — $ 23 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ — $ 2 $ 7 $ 14 $ — $ 23 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 50 3 11 — 1 65 3 % – 3.99% 846 1 3 4 — 854 4 % – 5.00% 507 2 — — — 509 Total $ 1,403 $ 6 $ 14 $ 4 $ 1 $ 1,428 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable universal life insurance 1 % – 1.99% $ — $ 1 $ 4 $ — $ 26 $ 31 2 % – 2.99% 12 12 — 1 8 33 3 % – 3.99% 119 2 3 7 — 131 4 % – 5.00% 597 8 — — — 605 Total $ 728 $ 23 $ 7 $ 8 $ 34 $ 800 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 2 $ — $ — $ 2 2 % – 2.99% 127 — — — — 127 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 127 $ — $ 2 $ — $ — $ 129 Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 30 — — — — 30 4 % – 5.00% 288 — — — — 288 Total $ 318 $ — $ — $ — $ — $ 318 Total 1 % – 1.99% $ 140 $ 488 $ 253 $ 118 $ 28 $ 1,027 2 % – 2.99% 363 31 11 1 9 415 3 % – 3.99% 5,813 6 6 12 — 5,837 4 % – 5.00% 5,203 10 — — — 5,213 Total $ 11,519 $ 535 $ 270 $ 131 $ 37 $ 12,492 Percentage of total account values that reset in: Next 12 months 100.0 % 100.0 % 99.5 % 100.0 % 100.0 % 100.0 % > 12 months to 24 months — — 0.4 — — — > 24 months — — 0.1 — — — Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % December 31, 2023 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 43 $ 131 $ 52 $ 15 $ 2 $ 243 2 % – 2.99% 137 1 — — — 138 3 % – 3.99% 2,214 — — 1 — 2,215 4 % – 5.00% 1,514 — — — — 1,514 Total $ 3,908 $ 132 $ 52 $ 16 $ 2 $ 4,110 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of structured variable annuities 1 % – 1.99% $ 1 $ 18 $ 7 $ 2 $ — $ 28 2 % – 2.99% 11 — — — — 11 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 12 $ 18 $ 7 $ 2 $ — $ 39 Fixed annuities 1 % – 1.99% $ 107 $ 377 $ 183 $ 93 $ — $ 760 2 % – 2.99% 36 14 1 — — 51 3 % – 3.99% 2,816 1 — — — 2,817 4 % – 5.00% 2,339 — — — — 2,339 Total $ 5,298 $ 392 $ 184 $ 93 $ — $ 5,967 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ — $ 2 $ 7 $ 13 $ — $ 22 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ — $ 2 $ 7 $ 13 $ — $ 22 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 51 3 9 — — 63 3 % – 3.99% 854 1 4 4 — 863 4 % – 5.00% 518 1 — — — 519 Total $ 1,423 $ 5 $ 13 $ 4 $ — $ 1,445 Fixed accounts of variable universal life insurance 1 % – 1.99% $ — $ 2 $ 4 $ — $ 24 $ 30 2 % – 2.99% 13 12 — 1 8 34 3 % – 3.99% 122 2 3 6 — 133 4 % – 5.00% 607 6 — — — 613 Total $ 742 $ 22 $ 7 $ 7 $ 32 $ 810 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 2 $ — $ — $ 2 2 % – 2.99% 128 — — — — 128 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 128 $ — $ 2 $ — $ — $ 130 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 30 — — — — 30 4 % – 5.00% 295 — — — — 295 Total $ 325 $ — $ — $ — $ — $ 325 Total 1 % – 1.99% $ 151 $ 530 $ 255 $ 123 $ 26 $ 1,085 2 % – 2.99% 376 30 10 1 8 425 3 % – 3.99% 6,036 4 7 11 — 6,058 4 % – 5.00% 5,273 7 — — — 5,280 Total $ 11,836 $ 571 $ 272 $ 135 $ 34 $ 12,848 Percentage of total account values that reset in: Next 12 months 99.9 % 99.5 % 99.3 % 100.0 % 100.0 % 99.9 % > 12 months to 24 months 0.1 0.5 0.6 — — 0.1 > 24 months — — 0.1 — — — Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % The following tables summarize the balances of and changes in the liability for future policy benefits: Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2024 $ — $ 703 $ 104 $ 1,146 $ 1,953 Beginning balance at original discount rate — 708 105 1,137 1,950 Effect of changes in cash flow assumptions — — — — — Effect of actual variances from expected experience — (2) (4) (3) (9) Adjusted beginning of year balance $ — $ 706 $ 101 $ 1,134 $ 1,941 Issuances 60 16 2 — 78 Interest accrual — 9 1 14 24 Net premiums collected (60) (18) (2) (37) (117) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 713 $ 102 $ 1,111 $ 1,926 Effect of changes in discount rate assumptions — (18) (3) (6) (27) Balance at March 31, 2024 $ — $ 695 $ 99 $ 1,105 $ 1,899 Present Value of Future Policy Benefits: Balance at January 1, 2024 $ 1,164 $ 1,325 $ 661 $ 6,561 $ 9,711 Beginning balance at original discount rate 1,222 1,291 621 6,507 9,641 Effect of changes in cash flow assumptions — — — — — Effect of actual variances from expected experience (2) (2) (6) (6) (16) Adjusted beginning of year balance $ 1,220 $ 1,289 $ 615 $ 6,501 $ 9,625 Issuances 60 16 2 — 78 Interest accrual 14 18 9 81 122 Benefit payments (39) (34) (10) (104) (187) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,255 $ 1,289 $ 616 $ 6,478 $ 9,638 Effect of changes in discount rate assumptions (75) 6 26 (83) (126) Balance at March 31, 2024 $ 1,180 $ 1,295 $ 642 $ 6,395 $ 9,512 Adjustment due to reserve flooring $ — $ 6 $ — $ — $ 6 Net liability for future policy benefits $ 1,180 $ 606 $ 543 $ 5,290 $ 7,619 Less: reinsurance recoverable 845 428 21 2,675 3,969 Net liability for future policy benefits, after reinsurance recoverable $ 335 $ 178 $ 522 $ 2,615 $ 3,650 Discounted expected future gross premiums $ — $ 1,713 $ 879 $ 1,279 $ 3,871 Expected future gross premiums $ — $ 2,909 $ 1,250 $ 1,740 $ 5,899 Expected future benefit payments $ 1,786 $ 2,163 $ 1,054 $ 10,741 $ 15,744 Weighted average interest accretion rate 4.4 % 6.3 % 6.3 % 5.1 % Weighted average discount rate 5.2 % 5.3 % 5.4 % 5.4 % Weighted average duration of liability (in years) 7 7 8 8 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2023 $ — $ 686 $ 134 $ 1,207 $ 2,027 Beginning balance at original discount rate — 708 137 1,220 2,065 Effect of changes in cash flow assumptions — (19) (19) 19 (19) Effect of actual variances from expected experience — (2) (18) (3) (23) Adjusted beginning of year balance $ — $ 687 $ 100 $ 1,236 $ 2,023 Issuances 177 55 12 — 244 Interest accrual 1 36 5 59 101 Net premiums collected (178) (70) (12) (158) (418) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 708 $ 105 $ 1,137 $ 1,950 Effect of changes in discount rate assumptions — (5) (1) 9 3 Balance at December 31, 2023 $ — $ 703 $ 104 $ 1,146 $ 1,953 Present Value of Future Policy Benefits: Balance at January 1, 2023 $ 1,065 $ 1,319 $ 696 $ 6,439 $ 9,519 Beginning balance at original discount rate 1,155 1,313 669 6,569 9,706 Effect of changes in cash flow assumptions — (18) (25) 9 (34) Effect of actual variances from expected experience (10) (1) (29) 5 (35) Adjusted beginning of year balance $ 1,145 $ 1,294 $ 615 $ 6,583 $ 9,637 Issuances 177 56 11 — 244 Interest accrual 50 73 37 329 489 Benefit payments (150) (132) (42) (405) (729) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,222 $ 1,291 $ 621 $ 6,507 $ 9,641 Effect of changes in discount rate assumptions (58) 34 40 54 70 Balance at December 31, 2023 $ 1,164 $ 1,325 $ 661 $ 6,561 $ 9,711 Adjustment due to reserve flooring $ — $ 5 $ — $ — $ 5 Net liability for future policy benefits $ 1,164 $ 627 $ 557 $ 5,415 $ 7,763 Less: reinsurance recoverable 880 440 22 2,738 4,080 Net liability for future policy benefits, after reinsurance recoverable $ 284 $ 187 $ 535 $ 2,677 $ 3,683 Discounted expected future gross premiums $ — $ 1,764 $ 904 $ 1,325 $ 3,993 Expected future gross premiums $ — $ 2,938 $ 1,269 $ 1,786 $ 5,993 Expected future benefit payments $ 1,726 $ 2,166 $ 1,068 $ 10,850 $ 15,810 Weighted average interest accretion rate 4.2 % 6.2 % 6.1 % 5.0 % Weighted average discount rate 4.9 % 5.1 % 5.1 % 5.1 % Weighted average duration of liability (in years) 7 7 8 8 Impacts of the annual review of policy benefit reserves assumptions are reflected within the effect of changes in cash flow assumptions in the disaggregated rollforwards above. The annual review of policy benefit reserves assumptions in the third quarter of 2023 resulted in a net decrease in future policy benefit reserves, primarily due to updates to LTC premium rate increase assumptions. The balances of and changes in additional liabilities related to insurance guarantees were as follows: Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2024 $ 1,225 $ 81 $ 15 $ 1,321 Interest accrual 9 1 — 10 Benefit accrual 33 2 1 36 Benefit payments (13) (3) (1) (17) Effect of actual variances from expected experience (3) — — (3) Impact of change in net unrealized (gains) losses on securities (9) — (2) (11) Balance at March 31, 2024 $ 1,242 $ 81 $ 13 $ 1,336 Weighted average interest accretion rate 3.0 % 7.1 % 3.9 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6 Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,100 $ 74 $ 12 $ 1,186 Interest accrual 35 5 1 41 Benefit accrual 128 8 2 138 Benefit payments (50) (18) (4) (72) Effect of actual variances from expected experience (13) 11 (2) (4) Impact of change in net unrealized (gains) losses on securities 25 1 6 32 Balance at December 31, 2023 $ 1,225 $ 81 $ 15 $ 1,321 Weighted average interest accretion rate 3.0 % 6.9 % 4.0 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6 The amount of revenue and interest recognized in the Statements of Operations was as follows: Three Months Ended March 31, 2024 Gross Premiums Interest Expense (in millions) Life contingent payout annuities $ 66 $ 14 Term and whole life insurance 42 9 Disability income insurance 30 8 Long term care insurance 44 67 Total $ 182 $ 98 Year Ended December 31, 2023 Gross Premiums Interest Expense (in millions) Life contingent payout annuities $ 196 $ 49 Term and whole life insurance 169 37 Disability income insurance 124 32 Long term care insurance 185 270 Total $ 674 $ 388 The following tables summarize the balances of and changes in unearned revenue: Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Total, (in millions) Balance at January 1, 2024 $ 27 $ 196 $ 266 $ 489 Deferral of revenue — 16 13 29 Amortization — (4) (5) (9) Balance at March 31, 2024 $ 27 $ 208 $ 274 $ 509 Balance at January 1, 2023 $ 27 $ 150 $ 233 $ 410 Deferral of revenue 1 59 52 112 Amortization (1) (13) (19) (33) Balance at December 31, 2023 $ 27 $ 196 $ 266 $ 489 Market risk benefits are contracts or contract features that both provide protection to the contractholder from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. Most of the variable annuity contracts issued by the Company contain a GMDB provision. The Company previously offered contracts containing GMWB, GMAB, or GMIB provisions. The GMDB provisions provide a specified minimum return upon death of the contractholder. The death benefit payable is the greater of (i) the contract value less any purchase payment credits subject to recapture less a pro-rata portion of any rider fees, or (ii) the GMDB provisions specified in the contract. The Company has the following primary GMDB provisions: • Return of premium — provides purchase payments minus adjusted partial surrenders. • Reset — provides that the value resets to the account value at specified contract anniversary intervals minus adjusted partial surrenders. This provision was often provided in combination with the return of premium provision and is no longer offered. • Ratchet — provides that the value ratchets up to the maximum account value at specified anniversary intervals, plus subsequent purchase payments less adjusted partial surrenders. The variable annuity contracts with GMWB riders typically have account values that are based on an underlying portfolio of mutual funds, the values of which fluctuate based on fund performance. At contract issue, the guaranteed amount is equal to the amount deposited but the guarantee may be increased annually to the account value (a “step-up”) in the case of favorable market performance or by a benefit credit if the contract includes this provision. The Company has GMWB riders in force, which contain one or more of the following provisions: • Withdrawals at a specified rate per year until the amount withdrawn is equal to the guaranteed amount. • Withdrawals at a specified rate per year for the life of the contractholder (“GMWB for life”). • Withdrawals at a specified rate per year for joint contractholders while either is alive. • Withdrawals based on performance of the contract. • Withdrawals based on the age withdrawals begin. • Credits are applied annually for a specified number of years to increase the guaranteed amount as long as withdrawals have not been taken. Variable annuity contractholders age 79 or younger at contract issue could obtain a principal-back guarantee by purchasing the optional GMAB rider for an additional charge. The GMAB rider guarantees that, regardless of market performance at the end of the 10-year waiting period, the contract value will be no less than the original investment or a specified percentage of the highest anniversary value, adjusted for withdrawals. If the contract value is less than the guarantee at the end of the 10-year period, a lump sum will be added to the contract value to make the contract value equal to the guarantee value. Individual variable annuity contracts may have both a death benefit and a living benefit. Net amount at risk is quantified for each benefit and a composite net amount at risk is calculated using the greater of the death benefit or living benefit for each individual contract. The net amount at risk for GMDB and GMAB is defined as the current guaranteed benefit amount in excess of the current contract value. The net amount at risk for GMIB is defined as the greater of the present value of the minimum guaranteed annuity payments less the current contract value or zero. The net amount at risk for GMWB is defined as the greater of the present value of the minimum guaranteed withdrawal payments less the current contract value or zero. The following tables summarize the balances of and changes in market risk benefits: Three Months Ended March 31, 2024 2023 (in millions, except age) Balance at beginning of period $ 335 $ 1,103 Issuances 5 4 Interest accrual and time decay (10) (26) Reserve increase from attributed fees collected 184 189 Reserve release for benefit payments and derecognition (4) (9) Effect of changes in interest rates and bond markets (527) 504 Effect of changes in equity markets and subaccount performance (730) (392) Effect of changes in equity index volatility 39 (43) Actual policyholder behavior different from expected behavior 31 7 Effect of changes in the instrument-specific credit risk on market risk benefits 48 (204) Balance at end of period $ (629) $ 1,133 Reconciliation of the gross balances in an asset or liability position: Asset position $ 1,964 $ 990 Liability position (1,335) (2,123) Net asset (liability) position $ 629 $ (1,133) Guaranteed benefit amount in excess of current account balances (net amount at risk): Death benefits $ 578 $ 1,956 Living benefits $ 2,233 $ 2,836 Composite (greater of) $ 2,735 $ 4,596 Weighted average attained age of contractholders 69 68 Changes in unrealized (gains) losses in net income relating to liabilities held at end of period $ (1,202) $ 59 Changes in unrealized (gains) losses in other comprehensive income relating to liabilities held at end of period $ 48 $ (204) Year Ended December 31, 2023 (in millions, except age) Balance at beginning of period $ 1,103 Issuances 17 Interest accrual and time decay (53) Reserve increase from attributed fees collected 788 Reserve release for benefit payments and derecognition (35) Effect of changes in interest rates and bond markets (367) Effect of changes in equity markets and subaccount performance (1,267) Effect of changes in equity index volatility (67) Actual policyholder behavior different from expected behavior 5 Effect of changes in other future expected assumptions 128 Effect of changes in the instrument-specific credit risk on market risk benefits 83 Balance at end of period $ 335 Reconciliation of the gross balances in an asset or liability position: Asset position $ 1,427 Liability position (1,762) Net asset (liability) position $ (335) Guaranteed benefit amount in excess of current account balances (net amount at risk): Death benefits $ 913 Living benefits $ 2,513 Composite (greater of) $ 3,308 Weighted average attained age of contractholders 69 Changes in unrealized (gains) losses in net income relating to liabilities held at end of period $ (1,551) Changes in unrealized (gains) losses in other comprehensive income relating to liabilities held at end of period $ 84 The following tables provide a summary of the significant inputs and assumptions used in the fair value measurements developed by the Company or reasonably available to the Company of market risk benefits: March 31, 2024 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ (629) Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.6% Surrender rate (2) 0.3% – 75.0% 3.6% Market volatility (3) 0.0% – 25.2% 10.5% Nonperformance risk (4) 75 bps 75 bps Mortality rate (5) 0.0% – 41.6% 1.6% December 31, 2023 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ 335 Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.6% Surrender rate (2) 0.3% – 75.0% 3.7% Market volatility (3) 0.0% – 25.2% 10.6% Nonperformance risk (4) 85 bps 85 bps Mortality rate (5) 0.0% – 41.6% 1.6% (1) The utilization of guaranteed withdrawals represents the percentage of contractholders that will begin withdrawing in any given year. The weighted average utilization rate represents the average assumption, weighted based on the benefit base. The calculation excludes policies that have already started taking withdrawals. (2) The weighted average surrender rate represents the average assumption weighted based on the account value of each contract. (3) Market volatility represents the implied volatility of each contractholder’s mix of funds. The weighted average market volatility represents the average volatility across all contracts, weighted by the size of the guaranteed benefit. (4) The nonperformance risk is the spread added to the U.S. Treasury curve. (5) The weighted average mortality rate represents the average assumption weighted based on the account value of each contract. Changes to Significant Inputs and Assumptions: During the year ended December 31, 2023, the Company updated inputs and assumptions based on management’s review of experience studies. These updates resulted in the following notable changes in the fair value estimates of market risk benefits calculations: Year ended December 31, 2023 • Updates to utilization of guaranteed withdrawals assumptions resulted in a decrease to pre-tax income of $18 million. • Updates to surrender assumptions resulted in a decrease to pre-tax income of $110 million. Refer to the rollforward of market risk benefits for the impacts of changes to interest rate, equity market, volatility and nonperformance risk assumptions. Uncertainty of Fair Value Measurements Significant increases (decreases) in utilization and volatility used in the fair value measurement of market risk benefits in isolation would have resulted in a significantly higher (lower) liability value. Significant increases (decreases) in nonperformance risk and surrender assumptions used in the fair value measurement of market risk benefits in isolation would have resulted in a significantly lower (higher) liability value. Significant increases (decreases) in mortality assumptions used in the fair value measurement of the death benefit portion of market risk benefits in isolation would have resulted in a significantly higher (lower) liability value whereas significant increases (decreases) in mortality rates used in the fair value measurement of the life contingent portion of market risk benefits in isolation would have resulted in a significantly lower (higher) liability value. Surrender assumptions, utilization assumptions and mortality assumptions vary with the type of base product, type of rider, duration of the policy, age of the contractholder, calendar year of the projection, previous withdrawal history, and the relationship between the value of the guaranteed benefit and the contract accumulation value. Determination of Fair Value The Company values market risk benefits using internal valuation models. These models include observable capital market assumptions and significant unobservable inputs related to implied volatility, contractholder behavior assumptions that include margins for risk, and the Company’s nonperformance risk. T

Separate Account Assets and Lia

Separate Account Assets and Liabilities	3 Months Ended
Separate Account Assets and Liabilities	Mar. 31, 2024
Insurance [Abstract]
Separate Account Assets and Liabilities	Separate Account Assets and Liabilities Aggregate fair value of separate account assets, by major asset category, consisted of the following: March 31, 2024 December 31, 2023 (in millions) Variable annuities and variable universal life: Mutual funds $ 77,039 $ 74,634 Unitized pooled pension funds: Property/real estate 1,737 1,784 Equity securities 551 553 Debt securities 227 285 Cash and cash equivalents 148 147 Other 51 54 Total $ 79,753 $ 77,457 The balances of and changes in separate account liabilities were as follows: Variable Annuities Variable Universal Life Unitized Pooled Pension Funds Total (in millions) Balance at January 1, 2024 $ 65,839 $ 8,795 $ 2,823 $ 77,457 Premiums and deposits 193 121 24 338 Policy charges (326) (75) (1) (402) Surrenders and other benefits (1,650) (96) (190) (1,936) Investment return 3,628 605 85 4,318 Net transfer from (to) general account 7 (2) — 5 Other charges — — (27) (27) Balance at March 31, 2024 $ 67,691 $ 9,348 $ 2,714 $ 79,753 Cash surrender value $ 66,167 $ 8,793 $ 2,714 $ 77,674 Variable Annuities Variable Universal Life Unitized Pooled Pension Funds Total (in millions) Balance at January 1, 2023 $ 63,223 $ 7,653 $ 3,086 $ 73,962 Premiums and deposits 835 459 194 1,488 Policy charges (1,343) (292) (7) (1,642) Surrenders and other benefits (5,378) (317) (777) (6,472) Investment return 8,477 1,250 170 9,897 Net transfer from (to) general account 25 42 — 67 Other charges — — 157 157 Balance at December 31, 2023 $ 65,839 $ 8,795 $ 2,823 $ 77,457 Cash surrender value $ 64,280 $ 8,263 $ 2,823 $ 75,366

Market Risk Benefits

Market Risk Benefits	3 Months Ended
Market Risk Benefits	Mar. 31, 2024
Insurance [Abstract]
Market Risk Benefits	Policyholder Account Balances, Future Policy Benefits and Claims Policyholder account balances, future policy benefits and claims consisted of the following: March 31, 2024 December 31, 2023 (in millions) Policyholder account balances Policyholder account balances $ 29,229 $ 27,947 Future policy benefits Reserve for future policy benefits 7,619 7,763 Deferred profit liability 87 81 Additional liabilities for insurance guarantees 1,336 1,321 Other insurance and annuity liabilities 191 213 Total future policy benefits 9,233 9,378 Policy claims and other policyholders’ funds 205 220 Total policyholder account balances, future policy benefits and claims $ 38,667 $ 37,545 Variable Annuities Purchasers of variable annuities can select from a variety of investment options and can elect to allocate a portion to a fixed account. A vast majority of the premiums received for variable annuity contracts are held in separate accounts where the assets are held for the exclusive benefit of those contractholders. Most of the variable annuity contracts issued by the Company contain a guaranteed minimum death benefit (“GMDB”). The Company previously offered contracts with guaranteed minimum accumulation benefit (“GMAB”), guaranteed minimum withdrawal benefit (“GMWB”), and guaranteed minimum income benefit (“GMIB”) provisions. See Note 10 for additional information regarding the Company’s variable annuity guarantees. See Note 12 and Note 14 for additional information regarding the Company’s derivative instruments used to hedge risks related to these guarantees. Structured Variable Annuities Structured variable annuities provide contractholders the option to allocate a portion of their account value to an indexed account held in a non-insulated separate account with the contractholder’s rate of return, which may be positive or negative, tied to selected indices. The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. The Company hedges the equity and interest rate risk related to the indexed account with freestanding derivative instruments. Fixed Annuities Fixed annuities include deferred, payout and fixed deferred indexed annuity contracts. In 2020, the Company discontinued sales of fixed deferred and fixed deferred indexed annuities. Deferred contracts offer a guaranteed minimum rate of interest and security of the principal invested. Payout contracts guarantee a fixed income payment for life or the term of the contract. Liabilities for fixed annuities in a benefit or payout status are based on future estimated payments using established industry mortality tables and interest rates. The Company’s fixed index annuity product is a fixed annuity that includes an indexed account. The rate of interest credited above the minimum guarantee for funds allocated to the indexed account is linked to the performance of the specific index for the indexed account (subject to a cap). The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. See Note 14 for additional information regarding the Company’s derivative instruments used to hedge the risk related to indexed accounts. Insurance Liabilities Universal life (“UL”) policies accumulate cash value that increases by a fixed interest rate. Purchasers of variable universal life (“VUL”) can select from a variety of investment options and can elect to allocate a portion of their account balance to a fixed account or a separate account. A vast majority of the premiums received for VUL policies are held in separate accounts where the assets are held for the exclusive benefit of those policyholders. Indexed universal life (“IUL”) is a UL policy that includes an indexed account. The rate of credited interest for funds allocated by a contractholder to the indexed account is linked to the performance of the specific index for the indexed account (subject to stated account parameters, which include a cap and floor, or a spread). The policyholder may allocate all or a portion of the policy value to a fixed or any available indexed account. The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. The Company hedges the interest credited rate including equity and interest rate risk related to the indexed account with freestanding derivative instruments. See Note 14 for additional information regarding the Company’s derivative instruments used to hedge the risk related to IUL. The Company also offers term life insurance as well as disability income (“DI”) insurance products. The Company no longer offers standalone long term care (“LTC”) insurance products and whole life insurance but has in force policies from prior years. Insurance liabilities include accumulation values, incurred but not reported claims, obligations for anticipated future claims, unpaid reported claims and claim adjustment expenses. The balances of and changes in policyholder account balances were as follows: Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2024 $ 4,173 $ 10,742 $ 5,982 $ 307 $ 444 Contract deposits 10 955 11 — 30 Policy charges (3) — — — — Surrenders and other benefits (181) (74) (244) (4) (28) Net transfer from (to) separate account liabilities (7) — — — — Variable account index-linked adjustments — 704 — — — Interest credited 32 — 52 4 3 Balance at March 31, 2024 $ 4,024 $ 12,327 $ 5,801 $ 307 $ 449 Weighted-average crediting rate 3.3 % 1.8 % 3.6 % 2.0 % N/A Cash surrender value (1) $ 3,999 $ 11,656 $ 5,794 $ 278 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2024 $ 1,474 $ 1,569 $ 2,755 $ 501 $ 27,947 Contract deposits 29 62 46 — 1,143 Policy charges (44) (23) (32) — (102) Surrenders and other benefits (13) (21) (17) (14) (596) Net transfer from (to) separate account liabilities — (19) — — (26) Variable account index-linked adjustments — — — — 704 Interest credited 12 15 37 4 159 Balance at March 31, 2024 $ 1,458 $ 1,583 $ 2,789 $ 491 $ 29,229 Weighted-average crediting rate 3.6 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 8,626 $ 56,939 $ 14,215 $ 139 Cash surrender value (1) $ 1,318 $ 1,072 $ 2,315 $ 319 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2023 $ 4,752 $ 6,410 $ 6,799 $ 312 $ 471 Contract deposits 73 3,084 47 — 91 Policy charges (10) — — — — Surrenders and other benefits (759) (156) (1,086) (10) (127) Net transfer from (to) separate account liabilities (25) — — — — Variable account index-linked adjustments — 1,403 — — — Interest credited 142 1 222 5 9 Balance at December 31, 2023 $ 4,173 $ 10,742 $ 5,982 $ 307 $ 444 Weighted-average crediting rate 3.3 % 1.8 % 3.6 % 2.0 % N/A Cash surrender value (1) $ 4,146 $ 10,129 $ 5,974 $ 278 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,544 $ 1,520 $ 2,654 $ 524 $ 24,986 Contract deposits 123 272 193 1 3,884 Policy charges (176) (94) (121) — (401) Surrenders and other benefits (69) (78) (53) (44) (2,382) Net transfer from (to) separate account liabilities — (107) — — (132) Variable account index-linked adjustments — — — — 1,403 Interest credited 52 56 82 20 589 Balance at December 31, 2023 $ 1,474 $ 1,569 $ 2,755 $ 501 $ 27,947 Weighted-average crediting rate 3.6 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 8,740 $ 57,291 $ 14,407 $ 141 Cash surrender value (1) $ 1,330 $ 1,065 $ 2,271 $ 326 (1) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. For variable annuities and VUL, the cash surrender value shown is the proportion of the total cash surrender value related to their fixed account liabilities. Refer to Note 10 for the net amount at risk for market risk benefits (“MRB”) associated with variable and structured variable annuities. Fixed, fixed indexed, and non-life contingent payout annuities do not have net amount at risk in excess of account value. Net amount at risk for insurance products is calculated as the death benefit amount in excess of applicable account values, host, embedded derivative, and separate account liabilities. The following tables present the account values of fixed deferred annuities, fixed insurance, and the fixed portion of variable annuities and variable insurance contracts by range of guaranteed minimum interest rates (“GMIRs”) and the range of the difference between rates credited to policyholders and contractholders as of March 31, 2024 and December 31, 2023 and the respective guaranteed minimums, as well as the percentage of account values subject to rate reset in the time period indicated. Rates are reset at management’s discretion, subject to guaranteed minimums. March 31, 2024 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 36 $ 120 $ 57 $ 16 $ 2 $ 231 2 % – 2.99% 132 — — — — 132 3 % – 3.99% 2,121 3 — 1 — 2,125 4 % – 5.00% 1,480 — — — — 1,480 Total $ 3,769 $ 123 $ 57 $ 17 $ 2 $ 3,968 Fixed accounts of structured variable annuities 1 % – 1.99% $ 1 $ 22 $ 4 $ 2 $ — $ 29 2 % – 2.99% 11 — — — — 11 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 12 $ 22 $ 4 $ 2 $ — $ 40 Fixed annuities 1 % – 1.99% $ 103 $ 343 $ 179 $ 86 $ — $ 711 2 % – 2.99% 31 16 — — — 47 3 % – 3.99% 2,697 — — — — 2,697 4 % – 5.00% 2,331 — — — — 2,331 Total $ 5,162 $ 359 $ 179 $ 86 $ — $ 5,786 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ — $ 2 $ 7 $ 14 $ — $ 23 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ — $ 2 $ 7 $ 14 $ — $ 23 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 50 3 11 — 1 65 3 % – 3.99% 846 1 3 4 — 854 4 % – 5.00% 507 2 — — — 509 Total $ 1,403 $ 6 $ 14 $ 4 $ 1 $ 1,428 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable universal life insurance 1 % – 1.99% $ — $ 1 $ 4 $ — $ 26 $ 31 2 % – 2.99% 12 12 — 1 8 33 3 % – 3.99% 119 2 3 7 — 131 4 % – 5.00% 597 8 — — — 605 Total $ 728 $ 23 $ 7 $ 8 $ 34 $ 800 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 2 $ — $ — $ 2 2 % – 2.99% 127 — — — — 127 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 127 $ — $ 2 $ — $ — $ 129 Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 30 — — — — 30 4 % – 5.00% 288 — — — — 288 Total $ 318 $ — $ — $ — $ — $ 318 Total 1 % – 1.99% $ 140 $ 488 $ 253 $ 118 $ 28 $ 1,027 2 % – 2.99% 363 31 11 1 9 415 3 % – 3.99% 5,813 6 6 12 — 5,837 4 % – 5.00% 5,203 10 — — — 5,213 Total $ 11,519 $ 535 $ 270 $ 131 $ 37 $ 12,492 Percentage of total account values that reset in: Next 12 months 100.0 % 100.0 % 99.5 % 100.0 % 100.0 % 100.0 % > 12 months to 24 months — — 0.4 — — — > 24 months — — 0.1 — — — Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % December 31, 2023 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 43 $ 131 $ 52 $ 15 $ 2 $ 243 2 % – 2.99% 137 1 — — — 138 3 % – 3.99% 2,214 — — 1 — 2,215 4 % – 5.00% 1,514 — — — — 1,514 Total $ 3,908 $ 132 $ 52 $ 16 $ 2 $ 4,110 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of structured variable annuities 1 % – 1.99% $ 1 $ 18 $ 7 $ 2 $ — $ 28 2 % – 2.99% 11 — — — — 11 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 12 $ 18 $ 7 $ 2 $ — $ 39 Fixed annuities 1 % – 1.99% $ 107 $ 377 $ 183 $ 93 $ — $ 760 2 % – 2.99% 36 14 1 — — 51 3 % – 3.99% 2,816 1 — — — 2,817 4 % – 5.00% 2,339 — — — — 2,339 Total $ 5,298 $ 392 $ 184 $ 93 $ — $ 5,967 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ — $ 2 $ 7 $ 13 $ — $ 22 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ — $ 2 $ 7 $ 13 $ — $ 22 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 51 3 9 — — 63 3 % – 3.99% 854 1 4 4 — 863 4 % – 5.00% 518 1 — — — 519 Total $ 1,423 $ 5 $ 13 $ 4 $ — $ 1,445 Fixed accounts of variable universal life insurance 1 % – 1.99% $ — $ 2 $ 4 $ — $ 24 $ 30 2 % – 2.99% 13 12 — 1 8 34 3 % – 3.99% 122 2 3 6 — 133 4 % – 5.00% 607 6 — — — 613 Total $ 742 $ 22 $ 7 $ 7 $ 32 $ 810 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 2 $ — $ — $ 2 2 % – 2.99% 128 — — — — 128 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 128 $ — $ 2 $ — $ — $ 130 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 30 — — — — 30 4 % – 5.00% 295 — — — — 295 Total $ 325 $ — $ — $ — $ — $ 325 Total 1 % – 1.99% $ 151 $ 530 $ 255 $ 123 $ 26 $ 1,085 2 % – 2.99% 376 30 10 1 8 425 3 % – 3.99% 6,036 4 7 11 — 6,058 4 % – 5.00% 5,273 7 — — — 5,280 Total $ 11,836 $ 571 $ 272 $ 135 $ 34 $ 12,848 Percentage of total account values that reset in: Next 12 months 99.9 % 99.5 % 99.3 % 100.0 % 100.0 % 99.9 % > 12 months to 24 months 0.1 0.5 0.6 — — 0.1 > 24 months — — 0.1 — — — Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % The following tables summarize the balances of and changes in the liability for future policy benefits: Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2024 $ — $ 703 $ 104 $ 1,146 $ 1,953 Beginning balance at original discount rate — 708 105 1,137 1,950 Effect of changes in cash flow assumptions — — — — — Effect of actual variances from expected experience — (2) (4) (3) (9) Adjusted beginning of year balance $ — $ 706 $ 101 $ 1,134 $ 1,941 Issuances 60 16 2 — 78 Interest accrual — 9 1 14 24 Net premiums collected (60) (18) (2) (37) (117) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 713 $ 102 $ 1,111 $ 1,926 Effect of changes in discount rate assumptions — (18) (3) (6) (27) Balance at March 31, 2024 $ — $ 695 $ 99 $ 1,105 $ 1,899 Present Value of Future Policy Benefits: Balance at January 1, 2024 $ 1,164 $ 1,325 $ 661 $ 6,561 $ 9,711 Beginning balance at original discount rate 1,222 1,291 621 6,507 9,641 Effect of changes in cash flow assumptions — — — — — Effect of actual variances from expected experience (2) (2) (6) (6) (16) Adjusted beginning of year balance $ 1,220 $ 1,289 $ 615 $ 6,501 $ 9,625 Issuances 60 16 2 — 78 Interest accrual 14 18 9 81 122 Benefit payments (39) (34) (10) (104) (187) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,255 $ 1,289 $ 616 $ 6,478 $ 9,638 Effect of changes in discount rate assumptions (75) 6 26 (83) (126) Balance at March 31, 2024 $ 1,180 $ 1,295 $ 642 $ 6,395 $ 9,512 Adjustment due to reserve flooring $ — $ 6 $ — $ — $ 6 Net liability for future policy benefits $ 1,180 $ 606 $ 543 $ 5,290 $ 7,619 Less: reinsurance recoverable 845 428 21 2,675 3,969 Net liability for future policy benefits, after reinsurance recoverable $ 335 $ 178 $ 522 $ 2,615 $ 3,650 Discounted expected future gross premiums $ — $ 1,713 $ 879 $ 1,279 $ 3,871 Expected future gross premiums $ — $ 2,909 $ 1,250 $ 1,740 $ 5,899 Expected future benefit payments $ 1,786 $ 2,163 $ 1,054 $ 10,741 $ 15,744 Weighted average interest accretion rate 4.4 % 6.3 % 6.3 % 5.1 % Weighted average discount rate 5.2 % 5.3 % 5.4 % 5.4 % Weighted average duration of liability (in years) 7 7 8 8 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2023 $ — $ 686 $ 134 $ 1,207 $ 2,027 Beginning balance at original discount rate — 708 137 1,220 2,065 Effect of changes in cash flow assumptions — (19) (19) 19 (19) Effect of actual variances from expected experience — (2) (18) (3) (23) Adjusted beginning of year balance $ — $ 687 $ 100 $ 1,236 $ 2,023 Issuances 177 55 12 — 244 Interest accrual 1 36 5 59 101 Net premiums collected (178) (70) (12) (158) (418) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 708 $ 105 $ 1,137 $ 1,950 Effect of changes in discount rate assumptions — (5) (1) 9 3 Balance at December 31, 2023 $ — $ 703 $ 104 $ 1,146 $ 1,953 Present Value of Future Policy Benefits: Balance at January 1, 2023 $ 1,065 $ 1,319 $ 696 $ 6,439 $ 9,519 Beginning balance at original discount rate 1,155 1,313 669 6,569 9,706 Effect of changes in cash flow assumptions — (18) (25) 9 (34) Effect of actual variances from expected experience (10) (1) (29) 5 (35) Adjusted beginning of year balance $ 1,145 $ 1,294 $ 615 $ 6,583 $ 9,637 Issuances 177 56 11 — 244 Interest accrual 50 73 37 329 489 Benefit payments (150) (132) (42) (405) (729) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,222 $ 1,291 $ 621 $ 6,507 $ 9,641 Effect of changes in discount rate assumptions (58) 34 40 54 70 Balance at December 31, 2023 $ 1,164 $ 1,325 $ 661 $ 6,561 $ 9,711 Adjustment due to reserve flooring $ — $ 5 $ — $ — $ 5 Net liability for future policy benefits $ 1,164 $ 627 $ 557 $ 5,415 $ 7,763 Less: reinsurance recoverable 880 440 22 2,738 4,080 Net liability for future policy benefits, after reinsurance recoverable $ 284 $ 187 $ 535 $ 2,677 $ 3,683 Discounted expected future gross premiums $ — $ 1,764 $ 904 $ 1,325 $ 3,993 Expected future gross premiums $ — $ 2,938 $ 1,269 $ 1,786 $ 5,993 Expected future benefit payments $ 1,726 $ 2,166 $ 1,068 $ 10,850 $ 15,810 Weighted average interest accretion rate 4.2 % 6.2 % 6.1 % 5.0 % Weighted average discount rate 4.9 % 5.1 % 5.1 % 5.1 % Weighted average duration of liability (in years) 7 7 8 8 Impacts of the annual review of policy benefit reserves assumptions are reflected within the effect of changes in cash flow assumptions in the disaggregated rollforwards above. The annual review of policy benefit reserves assumptions in the third quarter of 2023 resulted in a net decrease in future policy benefit reserves, primarily due to updates to LTC premium rate increase assumptions. The balances of and changes in additional liabilities related to insurance guarantees were as follows: Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2024 $ 1,225 $ 81 $ 15 $ 1,321 Interest accrual 9 1 — 10 Benefit accrual 33 2 1 36 Benefit payments (13) (3) (1) (17) Effect of actual variances from expected experience (3) — — (3) Impact of change in net unrealized (gains) losses on securities (9) — (2) (11) Balance at March 31, 2024 $ 1,242 $ 81 $ 13 $ 1,336 Weighted average interest accretion rate 3.0 % 7.1 % 3.9 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6 Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,100 $ 74 $ 12 $ 1,186 Interest accrual 35 5 1 41 Benefit accrual 128 8 2 138 Benefit payments (50) (18) (4) (72) Effect of actual variances from expected experience (13) 11 (2) (4) Impact of change in net unrealized (gains) losses on securities 25 1 6 32 Balance at December 31, 2023 $ 1,225 $ 81 $ 15 $ 1,321 Weighted average interest accretion rate 3.0 % 6.9 % 4.0 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6 The amount of revenue and interest recognized in the Statements of Operations was as follows: Three Months Ended March 31, 2024 Gross Premiums Interest Expense (in millions) Life contingent payout annuities $ 66 $ 14 Term and whole life insurance 42 9 Disability income insurance 30 8 Long term care insurance 44 67 Total $ 182 $ 98 Year Ended December 31, 2023 Gross Premiums Interest Expense (in millions) Life contingent payout annuities $ 196 $ 49 Term and whole life insurance 169 37 Disability income insurance 124 32 Long term care insurance 185 270 Total $ 674 $ 388 The following tables summarize the balances of and changes in unearned revenue: Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Total, (in millions) Balance at January 1, 2024 $ 27 $ 196 $ 266 $ 489 Deferral of revenue — 16 13 29 Amortization — (4) (5) (9) Balance at March 31, 2024 $ 27 $ 208 $ 274 $ 509 Balance at January 1, 2023 $ 27 $ 150 $ 233 $ 410 Deferral of revenue 1 59 52 112 Amortization (1) (13) (19) (33) Balance at December 31, 2023 $ 27 $ 196 $ 266 $ 489 Market risk benefits are contracts or contract features that both provide protection to the contractholder from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. Most of the variable annuity contracts issued by the Company contain a GMDB provision. The Company previously offered contracts containing GMWB, GMAB, or GMIB provisions. The GMDB provisions provide a specified minimum return upon death of the contractholder. The death benefit payable is the greater of (i) the contract value less any purchase payment credits subject to recapture less a pro-rata portion of any rider fees, or (ii) the GMDB provisions specified in the contract. The Company has the following primary GMDB provisions: • Return of premium — provides purchase payments minus adjusted partial surrenders. • Reset — provides that the value resets to the account value at specified contract anniversary intervals minus adjusted partial surrenders. This provision was often provided in combination with the return of premium provision and is no longer offered. • Ratchet — provides that the value ratchets up to the maximum account value at specified anniversary intervals, plus subsequent purchase payments less adjusted partial surrenders. The variable annuity contracts with GMWB riders typically have account values that are based on an underlying portfolio of mutual funds, the values of which fluctuate based on fund performance. At contract issue, the guaranteed amount is equal to the amount deposited but the guarantee may be increased annually to the account value (a “step-up”) in the case of favorable market performance or by a benefit credit if the contract includes this provision. The Company has GMWB riders in force, which contain one or more of the following provisions: • Withdrawals at a specified rate per year until the amount withdrawn is equal to the guaranteed amount. • Withdrawals at a specified rate per year for the life of the contractholder (“GMWB for life”). • Withdrawals at a specified rate per year for joint contractholders while either is alive. • Withdrawals based on performance of the contract. • Withdrawals based on the age withdrawals begin. • Credits are applied annually for a specified number of years to increase the guaranteed amount as long as withdrawals have not been taken. Variable annuity contractholders age 79 or younger at contract issue could obtain a principal-back guarantee by purchasing the optional GMAB rider for an additional charge. The GMAB rider guarantees that, regardless of market performance at the end of the 10-year waiting period, the contract value will be no less than the original investment or a specified percentage of the highest anniversary value, adjusted for withdrawals. If the contract value is less than the guarantee at the end of the 10-year period, a lump sum will be added to the contract value to make the contract value equal to the guarantee value. Individual variable annuity contracts may have both a death benefit and a living benefit. Net amount at risk is quantified for each benefit and a composite net amount at risk is calculated using the greater of the death benefit or living benefit for each individual contract. The net amount at risk for GMDB and GMAB is defined as the current guaranteed benefit amount in excess of the current contract value. The net amount at risk for GMIB is defined as the greater of the present value of the minimum guaranteed annuity payments less the current contract value or zero. The net amount at risk for GMWB is defined as the greater of the present value of the minimum guaranteed withdrawal payments less the current contract value or zero. The following tables summarize the balances of and changes in market risk benefits: Three Months Ended March 31, 2024 2023 (in millions, except age) Balance at beginning of period $ 335 $ 1,103 Issuances 5 4 Interest accrual and time decay (10) (26) Reserve increase from attributed fees collected 184 189 Reserve release for benefit payments and derecognition (4) (9) Effect of changes in interest rates and bond markets (527) 504 Effect of changes in equity markets and subaccount performance (730) (392) Effect of changes in equity index volatility 39 (43) Actual policyholder behavior different from expected behavior 31 7 Effect of changes in the instrument-specific credit risk on market risk benefits 48 (204) Balance at end of period $ (629) $ 1,133 Reconciliation of the gross balances in an asset or liability position: Asset position $ 1,964 $ 990 Liability position (1,335) (2,123) Net asset (liability) position $ 629 $ (1,133) Guaranteed benefit amount in excess of current account balances (net amount at risk): Death benefits $ 578 $ 1,956 Living benefits $ 2,233 $ 2,836 Composite (greater of) $ 2,735 $ 4,596 Weighted average attained age of contractholders 69 68 Changes in unrealized (gains) losses in net income relating to liabilities held at end of period $ (1,202) $ 59 Changes in unrealized (gains) losses in other comprehensive income relating to liabilities held at end of period $ 48 $ (204) Year Ended December 31, 2023 (in millions, except age) Balance at beginning of period $ 1,103 Issuances 17 Interest accrual and time decay (53) Reserve increase from attributed fees collected 788 Reserve release for benefit payments and derecognition (35) Effect of changes in interest rates and bond markets (367) Effect of changes in equity markets and subaccount performance (1,267) Effect of changes in equity index volatility (67) Actual policyholder behavior different from expected behavior 5 Effect of changes in other future expected assumptions 128 Effect of changes in the instrument-specific credit risk on market risk benefits 83 Balance at end of period $ 335 Reconciliation of the gross balances in an asset or liability position: Asset position $ 1,427 Liability position (1,762) Net asset (liability) position $ (335) Guaranteed benefit amount in excess of current account balances (net amount at risk): Death benefits $ 913 Living benefits $ 2,513 Composite (greater of) $ 3,308 Weighted average attained age of contractholders 69 Changes in unrealized (gains) losses in net income relating to liabilities held at end of period $ (1,551) Changes in unrealized (gains) losses in other comprehensive income relating to liabilities held at end of period $ 84 The following tables provide a summary of the significant inputs and assumptions used in the fair value measurements developed by the Company or reasonably available to the Company of market risk benefits: March 31, 2024 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ (629) Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.6% Surrender rate (2) 0.3% – 75.0% 3.6% Market volatility (3) 0.0% – 25.2% 10.5% Nonperformance risk (4) 75 bps 75 bps Mortality rate (5) 0.0% – 41.6% 1.6% December 31, 2023 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ 335 Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.6% Surrender rate (2) 0.3% – 75.0% 3.7% Market volatility (3) 0.0% – 25.2% 10.6% Nonperformance risk (4) 85 bps 85 bps Mortality rate (5) 0.0% – 41.6% 1.6% (1) The utilization of guaranteed withdrawals represents the percentage of contractholders that will begin withdrawing in any given year. The weighted average utilization rate represents the average assumption, weighted based on the benefit base. The calculation excludes policies that have already started taking withdrawals. (2) The weighted average surrender rate represents the average assumption weighted based on the account value of each contract. (3) Market volatility represents the implied volatility of each contractholder’s mix of funds. The weighted average market volatility represents the average volatility across all contracts, weighted by the size of the guaranteed benefit. (4) The nonperformance risk is the spread added to the U.S. Treasury curve. (5) The weighted average mortality rate represents the average assumption weighted based on the account value of each contract. Changes to Significant Inputs and Assumptions: During the year ended December 31, 2023, the Company updated inputs and assumptions based on management’s review of experience studies. These updates resulted in the following notable changes in the fair value estimates of market risk benefits calculations: Year ended December 31, 2023 • Updates to utilization of guaranteed withdrawals assumptions resulted in a decrease to pre-tax income of $18 million. • Updates to surrender assumptions resulted in a decrease to pre-tax income of $110 million. Refer to the rollforward of market risk benefits for the impacts of changes to interest rate, equity market, volatility and nonperformance risk assumptions. Uncertainty of Fair Value Measurements Significant increases (decreases) in utilization and volatility used in the fair value measurement of market risk benefits in isolation would have resulted in a significantly higher (lower) liability value. Significant increases (decreases) in nonperformance risk and surrender assumptions used in the fair value measurement of market risk benefits in isolation would have resulted in a significantly lower (higher) liability value. Significant increases (decreases) in mortality assumptions used in the fair value measurement of the death benefit portion of market risk benefits in isolation would have resulted in a significantly higher (lower) liability value whereas significant increases (decreases) in mortality rates used in the fair value measurement of the life contingent portion of market risk benefits in isolation would have resulted in a significantly lower (higher) liability value. Surrender assumptions, utilization assumptions and mortality assumptions vary with the type of base product, type of rider, duration of the policy, age of the contractholder, calendar year of the projection, previous withdrawal history, and the relationship between the value of the guaranteed benefit and the contract accumulation value. Determination of Fair Value The Company values market risk benefits using internal valuation models. These models include observable capital market assumptions and significant unobservable inputs related to implied volatility, contractholder behavior assumptions that include margins for risk, and the Company’s nonperformance risk. T

Debt

Debt	3 Months Ended
Debt	Mar. 31, 2024
Debt Disclosure [Abstract]
Debt	Debt The balances and stated interest rates of outstanding debt of Ameriprise Financial were as follows: Outstanding Balance Stated Interest Rate March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 (in millions) Long-term debt: Senior notes due 2024 $ 550 $ 550 3.7 % 3.7 % Senior notes due 2025 500 500 3.0 3.0 Senior notes due 2026 500 500 2.9 2.9 Senior notes due 2028 600 600 5.7 5.7 Senior notes due 2032 500 500 4.5 4.5 Senior notes due 2033 750 750 5.2 5.2 Finance lease liabilities 17 20 N/A N/A Other (1) (19) (21) N/A N/A Total long-term debt 3,398 3,399 Short-term borrowings: Federal Home Loan Bank (“FHLB”) advances 201 201 5.5 % 5.6 % Total $ 3,599 $ 3,600 (1) Includes adjustments for net unamortized discounts, debt issuance costs and other lease obligations. N/A Not Applicable Long-Term Debt The Company’s senior notes may be redeemed, in whole or in part, at any time prior to maturity at a price equal to the greater of the principal amount and the present value of remaining scheduled payments, discounted to the redemption date, plus accrued interest. Short-Term Borrowings The Company’s life insurance and bank subsidiaries are members of the FHLB of Des Moines which provides access to collateralized borrowings. The Company’s life insurance subsidiary has accessed collateralized borrowings from the FHLB and has pledged (granted a lien on) certain investments as collateral, primarily commercial mortgage backed securities, with an aggregate fair value of $1.1 billion as of both March 31, 2024 and December 31, 2023. The remaining maturity of outstanding FHLB advances was less than three months as of both March 31, 2024 and December 31, 2023. The stated interest rate of the FHLB advances is a weighted average annualized interest rate on the outstanding borrowings as of the balance sheet date. The Company’s bank subsidiary had no outstanding obligations to the FHLB as of both March 31, 2024 and December 31, 2023. The Company’s bank subsidiary maintains access to collateralized borrowings from the Federal Reserve. As of both March 31, 2024 and December 31, 2023, there were no outstanding obligations to the Federal Reserve. In June 2021, the Company entered into an amended and restated credit agreement that provides for an unsecured revolving credit facility of up to $1.0 billion that expires in June 2026. Under the terms of the agreement for the facility, the Company may increase the amount of this facility up to $1.25 billion upon satisfaction of certain approval requirements. The interest rate for any borrowing under the agreement for U.S. dollars is a Spread Adjusted Term Secured Overnight Financing Rate (“SOFR”), which is defined as Term SOFR for an interest period selected by the Company plus a credit spread adjustment of 0.10%, plus an applicable margin subject to adjustment based on debt ratings of the senior unsecured debt of the Company. In the event of default, an additional 2% interest will accrue during such period of default. As of both March 31, 2024 and December 31, 2023, the Company had no borrowings outstanding and $1 million of letters of credit issued against the facility. The Company’s credit facility contains various administrative, reporting, legal and financial covenants. The Company was in compliance with all such covenants as of both March 31, 2024 and December 31, 2023. American Enterprise Investment Services, Inc. (“AEIS”), a subsidiary of the Company, has credit agreements for uncommitted lines of credit with third party financial institutions, having a combined credit limit of $500 million. As of both March 31, 2024 and December 31, 2023, AEIS had no borrowings outstanding.

Fair Values of Assets and Liabi

Fair Values of Assets and Liabilities	3 Months Ended
Fair Values of Assets and Liabilities	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Values of Assets and Liabilities	Fair Values of Assets and Liabilities GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; that is, an exit price. The exit price assumes the asset or liability is not exchanged subject to a forced liquidation or distressed sale. Valuation Hierarchy The Company categorizes its fair value measurements according to a three-level hierarchy. The hierarchy prioritizes the inputs used by the Company’s valuation techniques. A level is assigned to each fair value measurement based on the lowest level input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are defined as follows: Level 1 Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date. Level 2 Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities. Level 3 Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. The following tables present the balances of assets and liabilities of Ameriprise Financial measured at fair value on a recurring basis (See Note 4 for the balances of assets and liabilities for consolidated investment entities): March 31, 2024 Level 1 Level 2 Level 3 Total (in millions) Assets Cash equivalents $ 740 $ 3,800 $ — $ 4,540 Available-for-Sale securities: Corporate debt securities — 12,349 505 12,854 Residential mortgage backed securities — 21,417 25 21,442 Commercial mortgage backed securities — 6,023 — 6,023 Asset backed securities — 8,155 1 8,156 State and municipal obligations — 758 — 758 U.S. government and agency obligations 2,982 — — 2,982 Foreign government bonds and obligations — 18 — 18 Other securities — 13 — 13 Total Available-for-Sale securities 2,982 48,733 531 52,246 Investments at net asset value (“NAV”) 10 (1) Trading and other securities 292 23 — 315 Separate account assets at NAV 79,753 (1) Investments and cash equivalents segregated for regulatory purposes 777 — — 777 Market risk benefits — — 1,964 1,964 (2) Receivables: Fixed deferred indexed annuity ceded embedded derivatives — — 54 54 Other assets: Interest rate derivative contracts — 189 — 189 Equity derivative contracts 92 6,731 — 6,823 Foreign exchange derivative contracts — 25 — 25 Total other assets 92 6,945 — 7,037 Total assets at fair value $ 4,883 $ 59,501 $ 2,549 $ 146,696 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives $ — $ 4 $ 52 $ 56 IUL embedded derivatives — — 888 888 Structured variable annuity embedded derivatives — — 1,620 1,620 Total policyholder account balances, future policy benefits and claims — 4 2,560 2,564 (3) Market risk benefits — — 1,335 1,335 (2) Customer deposits — 9 — 9 Other liabilities: Interest rate derivative contracts — 347 — 347 Equity derivative contracts 147 4,445 — 4,592 Credit derivative contracts — 16 — 16 Foreign exchange derivative contracts — 4 — 4 Other 283 4 71 358 Total other liabilities 430 4,816 71 5,317 Total liabilities at fair value $ 430 $ 4,829 $ 3,966 $ 9,225 December 31, 2023 Level 1 Level 2 Level 3 Total (in millions) Assets Cash equivalents $ 704 $ 4,325 $ — $ 5,029 Available-for-Sale securities: Corporate debt securities — 12,107 469 12,576 Residential mortgage backed securities — 21,066 — 21,066 Commercial mortgage backed securities — 6,050 — 6,050 Asset backed securities — 8,318 1 8,319 State and municipal obligations — 760 — 760 U.S. government and agency obligations 2,740 — — 2,740 Foreign government bonds and obligations — 18 — 18 Other securities — 33 — 33 Total Available-for-Sale securities 2,740 48,352 470 51,562 Investments at NAV 10 (1) Trading and other securities 265 25 — 290 Separate account assets at NAV 77,457 (1) Investments and cash equivalents segregated for regulatory purposes 699 — — 699 Market risk benefits — — 1,427 1,427 (2) Receivables: Fixed deferred indexed annuity ceded embedded derivatives — — 51 51 Other assets: Interest rate derivative contracts 1 184 — 185 Equity derivative contracts 66 4,968 — 5,034 Credit derivative contracts — 4 — 4 Foreign exchange derivative contracts 1 21 — 22 Total other assets 68 5,177 — 5,245 Total assets at fair value $ 4,476 $ 57,879 $ 1,948 $ 141,770 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives $ — $ 3 $ 49 $ 52 IUL embedded derivatives — — 873 873 Structured variable annuity embedded derivatives — — 1,011 1,011 Total policyholder account balances, future policy benefits and claims — 3 1,933 1,936 (4) Market risk benefits — — 1,762 1,762 (2) Customer deposits — 9 — 9 Other liabilities: Interest rate derivative contracts 1 304 — 305 Equity derivative contracts 96 3,368 — 3,464 Credit derivative contracts — 107 — 107 Foreign exchange derivative contracts 1 6 — 7 Other 259 3 76 338 Total other liabilities 357 3,788 76 4,221 Total liabilities at fair value $ 357 $ 3,800 $ 3,771 $ 7,928 (1) Amounts are comprised of financial instruments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient and have not been classified in the fair value hierarchy. (2) See Note 10 for additional information related to market risk benefits, including the balances of and changes in market risk benefits as well as the significant inputs and assumptions used in the fair value measurements of market risk benefits. (3) The Company’s adjustment for nonperformance risk resulted in a $197 million cumulative decrease to the embedded derivatives as of March 31, 2024. (4) The Company’s adjustment for nonperformance risk resulted in a $195 million cumulative decrease to the embedded derivatives as of December 31, 2023. The following tables provide a summary of changes in Level 3 assets and liabilities of Ameriprise Financial measured at fair value on a recurring basis: Available-for-Sale Securities Receivables Corporate Debt Securities Residential Mortgage Backed Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2024 $ 469 $ — $ 1 $ 470 $ 51 Total gains (losses) included in: Net income — — — — (1) 4 Other comprehensive income (loss) (3) — — (3) — Purchases 52 25 — 77 — Settlements (13) — — (13) (1) Balance at March 31, 2024 $ 505 $ 25 $ 1 $ 531 $ 54 Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at March 31, 2024 $ (3) $ — $ — $ (3) $ — Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2024 $ 49 $ 873 $ 1,011 $ 1,933 $ 76 Total (gains) losses included in: Net income 4 (2) 42 (2) 628 (3) 674 — (4) Issues — 6 37 43 3 Settlements (1) (33) (56) (90) (8) Balance at March 31, 2024 $ 52 $ 888 $ 1,620 $ 2,560 $ 71 Changes in unrealized (gains) losses in net income relating to liabilities held at March 31, 2024 $ — $ 42 (2) $ 628 (3) $ 670 $ — Available-for-Sale Securities Receivables Corporate Debt Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2023 $ 405 $ 6 $ 411 $ 48 Total gains (losses) included in: Other comprehensive income (loss) 8 — 8 — Purchases 55 — 55 — Settlements (28) (1) (29) — Balance at March 31, 2023 $ 440 $ 5 $ 445 $ 48 Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at March 31, 2023 $ 8 $ — $ 8 $ — Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2023 $ 44 $ 739 $ (137) (5) $ 646 $ 62 Total (gains) losses included in: Net income 1 (2) 38 (2) 263 (3) 302 — (4) Other comprehensive income (loss) — — — — 1 Issues — 24 12 36 14 Settlements (1) (30) 4 (27) (7) Balance at March 31, 2023 $ 44 $ 771 $ 142 $ 957 $ 70 Changes in unrealized (gains) losses in net income relating to liabilities held at March 31, 2023 $ — $ 38 (2) $ 263 (3) $ 301 $ — (1) Included in Net investment income. (2) Included in Interest credited to fixed accounts. (3) Included in Benefits, claims, losses and settlement expenses. (4) Included in General and administrative expense. (5) The fair value of the structured variable annuity embedded derivatives was a net asset as of January 1, 2023 and the amount is presented as a contra liability. The increase (decrease) to pretax income of the Company’s adjustment for nonperformance risk on the fair value of its embedded derivatives was nil and $57 million, net of the reinsurance accrual, for the three months ended March 31, 2024 and 2023, respectively. Securities transferred from Level 3 primarily represent securities with fair values that are now obtained from a third-party pricing service with observable inputs or fair values that were included in an observable transaction with a market participant. Securities transferred to Level 3 represent securities with fair values that are now based on a single non-binding broker quote. The following tables provide a summary of the significant unobservable inputs used in the fair value measurements developed by the Company or reasonably available to the Company of Level 3 assets and liabilities: March 31, 2024 Fair Value Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 505 Discounted cash flow Yield/spread to U.S. Treasuries (1) 0.9% – 2.3% 1.3% Asset backed securities $ 1 Discounted cash flow Annual short-term default rate (2) 4.0% 4.0% Annual long-term default rate (2) 3.5% 3.5% Discount rate 27.0% 27.0% Constant prepayment rate 12.0% 12.0% Loss recovery 55.0% 55.0% Fixed deferred indexed annuity ceded embedded derivatives $ 54 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Fixed deferred indexed annuity embedded derivatives $ 52 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Nonperformance risk (4) 75 bps 75 bps IUL embedded derivatives $ 888 Discounted cash flow Nonperformance risk (4) 75 bps 75 bps Structured variable annuity embedded derivatives $ 1,620 Discounted cash flow Surrender rate (3) 0.5% – 75.0% 2.6% Nonperformance risk (4) 75 bps 75 bps Contingent consideration liabilities $ 71 Discounted cash flow Discount rate (5) 0.0% – 10.5% 2.9% December 31, 2023 Fair Value Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 469 Discounted cash flow Yield/spread to U.S. Treasuries (1) 1.0% – 2.4% 1.2% Asset backed securities $ 1 Discounted cash flow Annual short-term default rate (2) 3.0% 3.0% Annual long-term default rate (2) 3.5% 3.5% Discount rate 29.0% 29.0% Constant prepayment rate 10.0% 10.0% Loss recovery 63.6% 63.6% Fixed deferred indexed annuity ceded embedded derivatives $ 51 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Fixed deferred indexed annuity embedded derivatives $ 49 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Nonperformance risk (4) 85 bps 85 bps IUL embedded derivatives $ 873 Discounted cash flow Nonperformance risk (4) 85 bps 85 bps Structured variable annuity embedded derivatives $ 1,011 Discounted cash flow Surrender rate (3) 0.5% – 75.0% 2.6% Nonperformance risk (4) 85 bps 85 bps Contingent consideration liabilities $ 76 Discounted cash flow Discount rate (5) 0.0% – 10.5% 2.9% (1) The weighted average for the yield/spread to U.S. Treasuries for corporate debt securities (private placements) is weighted based on the security’s market value as a percentage of the aggregate market value of the securities. (2) The weighted average annual default rates of asset backed securities is weighted based on the security’s market value as a percentage of the aggregate market value of the securities. (3) The weighted average surrender rate represents the average assumption weighted based on the account value of each contract. (4) The nonperformance risk is the spread added to the U.S. Treasury curve. (5) The weighted average discount rate represents the average discount rate across all contingent consideration liabilities, weighted based on the size of the contingent consideration liability. Level 3 measurements not included in the tables above are obtained from non-binding broker quotes where unobservable inputs utilized in the fair value calculation are not reasonably available to the Company. Uncertainty of Fair Value Measurements Significant increases (decreases) in the yield/spread to U.S. Treasuries used in the fair value measurement of Level 3 corporate debt securities in isolation would have resulted in a significantly lower (higher) fair value measurement. Significant increases (decreases) in the annual default rate and discount rate used in the fair value measurement of Level 3 asset backed securities in isolation, generally, would have resulted in a significantly lower (higher) fair value measurement and significant increases (decreases) in loss recovery in isolation would have resulted in a significantly lower (higher) fair value measurement. Significant increases (decreases) in the constant prepayment rate in isolation would have resulted in a significantly lower (higher) fair value measurement. Significant increases (decreases) in the surrender assumption used in the fair value measurement of the fixed deferred indexed annuity ceded embedded derivatives in isolation would have resulted in a significantly lower (higher) fair value measurement. Significant increases (decreases) in nonperformance risk used in the fair value measurement of the IUL embedded derivatives in isolation would have resulted in a significantly lower (higher) fair value measurement. Significant increases (decreases) in nonperformance risk and surrender assumption used in the fair value measurements of the fixed deferred indexed annuity embedded derivatives and structured variable annuity embedded derivatives in isolation would have resulted in a significantly lower (higher) liability value. Significant increases (decreases) in the discount rate used in the fair value measurement of the contingent consideration liability in isolation would have resulted in a significantly lower (higher) fair value measurement. Determination of Fair Value The Company uses valuation techniques consistent with the market and income approaches to measure the fair value of its assets and liabilities. The Company’s market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The Company’s income approach uses valuation techniques to convert future projected cash flows to a single discounted present value amount. When applying either approach, the Company maximizes the use of observable inputs and minimizes the use of unobservable inputs. The following is a description of the valuation techniques used to measure fair value and the general classification of these instruments pursuant to the fair value hierarchy. Assets Cash Equivalents Cash equivalents include time deposits and other highly liquid investments with original or remaining maturities at the time of purchase of 90 days or less. Actively traded money market funds are measured at their NAV and classified as Level 1. U.S. Treasuries are also classified as Level 1. The Company’s remaining cash equivalents are classified as Level 2 and measured at amortized cost, which is a reasonable estimate of fair value because of the short time between the purchase of the instrument and its expected realization. Investments (Available-for-Sale Securities, Equity Securities and Trading Securities) When available, the fair value of securities is based on quoted prices in active markets. If quoted prices are not available, fair values are obtained from third-party pricing services, non-binding broker quotes, or other model-based valuation techniques. Level 1 securities primarily include trading securities and U.S. Treasuries. Level 2 securities primarily include corporate bonds, residential mortgage backed securities, commercial mortgage backed securities, asset backed securities, state and municipal obligations, foreign government securities and other securities. The fair value of these Level 2 securities is based on a market approach with prices obtained from third-party pricing services. Observable inputs used to value these securities can include, but are not limited to, reported trades, benchmark yields, issuer spreads and non-binding broker quotes. The fair value of securities included in an observable transaction with a market participant are also considered Level 2 when the market is not active. Level 3 securities primarily include certain corporate bonds, non-agency residential mortgage backed securities, commercial mortgage backed securities and asset backed securities with fair value typically based on a single non-binding broker quote. The underlying inputs used for some of the non-binding broker quotes are not readily available to the Company. The Company’s privately placed corporate bonds are typically based on a single non-binding broker quote. The fair value of certain asset backed securities is determined using a discounted cash flow model. Inputs used to determine the expected cash flows include assumptions about discount rates and default, prepayment and recovery rates of the underlying assets. Given the significance of the unobservable inputs to this fair value measurement, the fair value of the investment in certain asset backed securities is classified as Level 3. Management is responsible for the fair values recorded on the financial statements. Prices received from third-party pricing services are subjected to exception reporting that identifies investments with significant daily price movements as well as no movements. The Company reviews the exception reporting and resolves the exceptions through reaffirmation of the price or recording an appropriate fair value estimate. The Company also performs subsequent transaction testing. The Company performs annual due diligence of third-party pricing services. The Company’s due diligence procedures include assessing the vendor’s valuation qualifications, control environment, analysis of asset-class specific valuation methodologies, and understanding of sources of market observable assumptions and unobservable assumptions, if any, employed in the valuation methodology. The Company also considers the results of its exception reporting controls and any resulting price challenges that arise. Separate Account Assets The fair value of assets held by separate accounts is determined by the NAV of the funds in which those separate accounts are invested. The NAV is used as a practical expedient for fair value and represents the exit price for the separate account. Separate account assets are excluded from classification in the fair value hierarchy. Investments and Cash Equivalents Segregated for Regulatory Purposes Investments and cash equivalents segregated for regulatory purposes includes U.S. Treasuries that are classified as Level 1. Receivables The Company reinsured its fixed deferred indexed annuity products which have an indexed account that is accounted for as an embedded derivative. The Company uses discounted cash flow models to determine the fair value of these ceded embedded derivatives. The fair value of fixed deferred indexed annuity ceded embedded derivatives includes significant observable interest rates, volatilities and equity index levels and significant unobservable surrender rates. Given the significance of the unobservable surrender rates, these embedded derivatives are classified as Level 3. Other Assets Derivatives that are measured using quoted prices in active markets, such as derivatives that are exchange-traded, are classified as Level 1 measurements. The variation margin on futures contracts is also classified as Level 1. The fair value of derivatives that are traded in less active over-the-counter (“OTC”) markets is generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These measurements are classified as Level 2 within the fair value hierarchy and include swaps, foreign currency forwards and the majority of options. The counterparties’ nonperformance risk associated with uncollateralized derivative assets was immaterial as of both March 31, 2024 and December 31, 2023. See Note 13 and Note 14 for further information on the credit risk of derivative instruments and related collateral. Liabilities Policyholder Account Balances, Future Policy Benefits and Claims There is no active market for the transfer of the Company’s embedded derivatives attributable to the provisions of fixed deferred indexed annuity, structured variable annuity and IUL products. The Company uses a discounted cash flow model to determine the fair value of the embedded derivatives associated with the provisions of its equity index annuity product. The projected cash flows generated by this model are based on significant observable inputs related to interest rates, volatilities and equity index levels and, therefore, are classified as Level 2. The Company uses discounted cash flow models to determine the fair value of the embedded derivatives associated with the provisions of its fixed deferred indexed annuity, structured variable annuity and IUL products. The structured variable annuity product is a limited flexible purchase payment annuity that offers 45 different indexed account options providing equity market exposure and a fixed account. Each indexed account includes a protection option (a buffer or a floor). If the index has a negative return, contractholder losses will be reduced by a buffer or limited to a floor. The portion allocated to an indexed account is accounted for as an embedded derivative. The fair value of fixed deferred indexed annuity, structured variable annuity and IUL embedded derivatives includes significant observable interest rates, volatilities and equity index levels and significant unobservable surrender rates and the estimate of the Company’s nonperformance risk. Given the significance of the unobservable surrender rates and the nonperformance risk assumption, the fixed deferred indexed annuity, structured variable annuity and IUL embedded derivatives are classified as Level 3. The embedded derivatives attributable to these provisions are recorded in Policyholder account balances, future policy benefits and claims. Customer Deposits The Company uses Black-Scholes models to determine the fair value of the embedded derivative liability associated with the provisions of its stock market certificates (“SMC”). The inputs to these calculations are primarily market observable and include interest rates, volatilities and equity index levels. As a result, these measurements are classified as Level 2. Other Liabilities Derivatives that are measured using quoted prices in active markets, such as derivatives that are exchange-traded, are classified as Level 1 measurements. The variation margin on futures contracts is also classified as Level 1. The fair value of derivatives that are traded in less active OTC markets is generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These measurements are classified as Level 2 within the fair value hierarchy and include swaps, foreign currency forwards and the majority of options. The Company’s nonperformance risk associated with uncollateralized derivative liabilities was immaterial as of both March 31, 2024 and December 31, 2023. See Note 13 and Note 14 for further information on the credit risk of derivative instruments and related collateral. Securities sold but not yet purchased represent obligations of the Company to deliver specified securities that it does not yet own, creating a liability to purchase the security in the market at prevailing prices. When available, the fair value of securities is based on quoted prices in active markets. If quoted prices are not available, fair values are obtained from nationally-recognized pricing services, or other model-based valuation techniques such as the present value of cash flows. Level 1 securities sold but not yet purchased primarily include trading securities and U.S. Treasuries traded in active markets. Level 2 securities sold but not yet purchased primarily include corporate bonds. Contingent consideration liabilities consist of earn-outs and/or deferred payments related to the Company’s acquisitions. Contingent consideration liabilities are recorded at fair value utilizing a discounted cash flow model using an unobservable input (discount rate). Given the use of a significant unobservable input, the fair value of contingent consideration liabilities is classified as Level 3 within the fair value hierarchy. Fair Value on a Nonrecurring Basis The Company assesses its investment in affordable housing partnerships for impairment. The investments that are determined to be impaired are written down to their fair value. The Company uses a discounted cash flow model to measure the fair value of these investments. Inputs to the discounted cash flow model are estimates of future net operating losses and tax credits available to the Company and discount rates based on market condition and the financial strength of the syndicator (general partner). The balance of affordable housing partnerships measured at fair value on a nonrecurring basis was $38 million and $41 million as of March 31, 2024 and December 31, 2023, respectively, and is classified as Level 3 in the fair value hierarchy. Assets and Liabilities Not Reported at Fair Value The following tables provide the carrying value and the estimated fair value of financial instruments that are not reported at fair value: March 31, 2024 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial Assets Mortgage loans, net $ 2,155 $ — $ 308 $ 1,699 $ 2,007 Policy loans 926 — 926 — 926 Receivables 9,415 281 1,583 6,368 8,232 Restricted and segregated cash 814 814 — — 814 Other investments and assets 332 — 282 51 333 Financial Liabilities Policyholder account balances, future policy benefits and claims $ 17,404 $ — $ — $ 14,938 $ 14,938 Investment certificate reserves 13,202 — — 13,152 13,152 Banking and brokerage deposits 23,806 23,806 — — 23,806 Separate account liabilities — investment contracts 3,069 — 3,069 — 3,069 Debt and other liabilities 3,912 309 3,572 4 3,885 December 31, 2023 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial Assets Mortgage loans, net $ 2,118 $ — $ 280 $ 1,692 $ 1,972 Policy loans 912 — 912 — 912 Receivables 9,453 146 1,621 6,577 8,344 Restricted and segregated cash 936 936 — — 936 Other investments and assets 338 — 283 55 338 Financial Liabilities Policyholder account balances, future policy benefits and claims $ 16,641 $ — $ — $ 14,243 $ 14,243 Investment certificate reserves 13,461 — — 13,420 13,420 Banking and brokerage deposits 23,886 23,886 — — 23,886 Separate account liabilities — investment contracts 3,155 — 3,155 — 3,155 Debt and other liabilities 3,769 166 3,610 5 3,781 Receivables include deposit receivables, brokerage margin loans, securities borrowed, pledged asset lines of credit and loans to financial advisors. Restricted and segregated cash includes cash segregated under federal and other regulations held in special reserve bank accounts for the exclusive benefit of the Company’s brokerage customers. Other investments and assets primarily include syndicated loans, credit card receivables, certificate of deposits with original or remaining maturities at the time of purchase of more than 90 days, the Company’s membership in the FHLB and investments related to the Community Reinvestment Act. See Note 6 for additional information on mortgage loans, policy loans, syndicated loans, credit card receivables and deposit receivables.

Offsetting Assets and Liabiliti

Offsetting Assets and Liabilities	3 Months Ended
Offsetting Assets and Liabilities	Mar. 31, 2024
Offsetting [Abstract]
Offsetting Assets and Liabilities	Offsetting Assets and Liabilities Certain financial instruments and derivative instruments are eligible for offset in the Consolidated Balance Sheets. The Company’s derivative instruments and securities borrowing and lending agreements are subject to master netting and collateral arrangements and qualify for offset. A master netting arrangement with a counterparty creates a right of offset for amounts due to and from that same counterparty that is enforceable in the event of a default or bankruptcy. Securities borrowed and securities loaned result from transactions between the Company’s broker dealer subsidiary and other financial institutions and are recorded at the amount of cash collateral advanced or received. Securities borrowed and securities loaned are primarily equity securities. The Company’s securities borrowed and securities loaned transactions generally do not have a fixed maturity date and may be terminated by either party under customary terms. The Company’s policy is to recognize amounts subject to master netting arrangements on a gross basis in the Consolidated Balance Sheets. The following tables present the gross and net information about the Company’s assets subject to master netting arrangements: March 31, 2024 Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Amounts of Assets Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 6,985 $ — $ 6,985 $ (4,833) $ (1,591) $ (487) $ 74 OTC cleared 5 — 5 (4) — — 1 Exchange-traded 47 — 47 (7) — — 40 Total derivatives 7,037 — 7,037 (4,844) (1,591) (487) 115 Securities borrowed 281 — 281 (27) — (249) 5 Total $ 7,318 $ — $ 7,318 $ (4,871) $ (1,591) $ (736) $ 120 December 31, 2023 Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Amounts of Assets Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 5,197 $ — $ 5,197 $ (3,707) $ (1,114) $ (357) $ 19 OTC cleared 9 — 9 (9) — — — Exchange-traded 39 — 39 (18) — — 21 Total derivatives 5,245 — 5,245 (3,734) (1,114) (357) 40 Securities borrowed 146 — 146 (32) — (111) 3 Total $ 5,391 $ — $ 5,391 $ (3,766) $ (1,114) $ (468) $ 43 (1) Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets. The following tables present the gross and net information about the Company’s liabilities subject to master netting arrangements: March 31, 2024 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Amounts of Liabilities Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 4,944 $ — $ 4,944 $ (4,833) $ — $ (106) $ 5 OTC cleared 8 — 8 (4) — — 4 Exchange-traded 7 — 7 (7) — — — Total derivatives 4,959 — 4,959 (4,844) — (106) 9 Securities loaned 309 — 309 (27) — (275) 7 Total $ 5,268 $ — $ 5,268 $ (4,871) $ — $ (381) $ 16 December 31, 2023 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Amounts of Liabilities Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 3,829 $ — $ 3,829 $ (3,707) $ (36) $ (78) $ 8 OTC cleared 35 — 35 (9) — — 26 Exchange-traded 19 — 19 (18) — — 1 Total derivatives 3,883 — 3,883 (3,734) (36) (78) 35 Securities loaned 163 — 163 (32) — (126) 5 Total $ 4,046 $ — $ 4,046 $ (3,766) $ (36) $ (204) $ 40 (1) Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets. In the tables above, the amount of assets or liabilities presented are offset first by financial instruments that have the right of offset under master netting or similar arrangements, then any remaining amount is reduced by the amount of cash and securities collateral. The actual collateral may be greater than amounts presented in the tables. When the fair value of collateral accepted by the Company is less than the amount due to the Company, there is a risk of loss if the counterparty fails to perform or provide additional collateral. To mitigate this risk, the Company monitors collateral values regularly and requires additional collateral when necessary. When the value of collateral pledged by the Company declines, it may be required to post additional collateral. Freestanding derivative instruments are reflected in Other assets and Other liabilities. Cash collateral pledged by the Company is reflected in Other assets and cash collateral accepted by the Company is reflected in Other liabilities. Securities borrowing and lending agreements are reflected in Receivables and Other liabilities, respectively. See Note 14 for additional disclosures related to the Company’s derivative instruments and Note 4 for information related to derivatives held by consolidated investment entities.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	3 Months Ended
Derivatives and Hedging Activities	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities Derivative instruments enable the Company to manage its exposure to various market risks. The value of such instruments is derived from an underlying variable or multiple variables, including equity, foreign exchange and interest rate indices or prices. The Company primarily enters into derivative agreements for risk management purposes related to the Company’s products and operations. Certain of the Company’s freestanding derivative instruments are subject to master netting arrangements. The Company’s policy on the recognition of derivatives on the Consolidated Balance Sheets is to not offset fair value amounts recognized for derivatives and collateral arrangements executed with the same counterparty under the same master netting arrangement. See Note 13 for additional information regarding the estimated fair value of the Company’s freestanding derivatives after considering the effect of master netting arrangements and collateral. Generally, the Company uses derivatives as economic hedges and accounting hedges. The following table presents the notional value and gross fair value of derivative instruments, including embedded derivatives: March 31, 2024 December 31, 2023 Notional Gross Fair Value Notional Gross Fair Value Assets (1) Liabilities (2) Assets (1) Liabilities (2) (in millions) Derivatives designated as hedging instruments Foreign exchange contracts – net investment hedges $ — $ — $ — $ 61 $ — $ 3 Total qualifying hedges — — — 61 — 3 Derivatives not designated as hedging instruments Interest rate contracts 42,005 189 347 42,523 185 305 Equity contracts 90,473 6,823 4,592 83,080 5,034 3,464 Credit contracts 3,119 — 16 3,436 4 107 Foreign exchange contracts 3,257 25 4 3,262 22 4 Total non-designated hedges 138,854 7,037 4,959 132,301 5,245 3,880 Embedded derivatives IUL N/A — 888 N/A — 873 Fixed deferred indexed annuities and deposit receivables N/A 54 56 N/A 51 52 Structured variable annuities (3) N/A — 1,620 N/A — 1,011 SMC N/A — 9 N/A — 9 Total embedded derivatives N/A 54 2,573 N/A 51 1,945 Total derivatives $ 138,854 $ 7,091 $ 7,532 $ 132,362 $ 5,296 $ 5,828 N/A Not applicable. (1) The fair value of freestanding derivative assets is included in Other assets and the fair value of ceded embedded derivative assets related to deposit receivables is included in Receivables. (2) The fair value of freestanding derivative liabilities is included in Other liabilities. The fair value of IUL, fixed deferred indexed annuity and structured variable annuity embedded derivatives is included in Policyholder account balances, future policy benefits and claims. The fair value of the SMC embedded derivative liability is included in Customer deposits. (3) The fair value of the structured variable annuity embedded derivatives as of March 31, 2024 included $1.6 billion of individual contracts in a liability position and $1 million of individual contracts in an asset position. The fair value of the structured variable annuity embedded derivatives as of December 31, 2023 included $1.0 billion of individual contracts in a liability position and $15 million of individual contracts in an asset position. See Note 12 for additional information regarding the Company’s fair value measurement of derivative instruments. As of March 31, 2024 and December 31, 2023, investment securities with a fair value of $1.6 billion and $1.5 billion, respectively, were pledged to meet contractual obligations under derivative contracts, of which $390 million and $145 million, respectively, may be sold, pledged or rehypothecated by the counterparty. As of March 31, 2024 and December 31, 2023, investment securities with a fair value of $497 million and $376 million, respectively, were received as collateral to meet contractual obligations under derivative contracts, of which $417 million and $314 million, respectively, may be sold, pledged or rehypothecated by the Company. As of both March 31, 2024 and December 31, 2023, the Company had sold, pledged or rehypothecated none of these securities. In addition, as of both March 31, 2024 and December 31, 2023, non-cash collateral accepted was held in separate custodial accounts and was not included in the Company’s Consolidated Balance Sheets. Derivatives Not Designated as Hedges The following table presents a summary of the impact of derivatives not designated as hedging instruments, including embedded derivatives, on the Consolidated Statements of Operations: Net Investment Income Banking and Deposit Interest Expense Distribution Expenses Interest Credited to Fixed Accounts Benefits, Claims, Losses and Settlement Expenses Change in Fair Value of Market Risk Benefits General and Administrative Expense (in millions) Three Months Ended March 31, 2024 Interest rate contracts $ — $ — $ — $ — $ (8) $ (533) $ — Equity contracts (2) 1 66 32 598 (559) 6 Credit contracts — — (1) — — 65 — Foreign exchange contracts — — — — — 34 (3) IUL embedded derivatives — — — (9) — — — Fixed deferred indexed annuity and deposit receivables embedded derivatives — — — (1) — — — Structured variable annuity embedded derivatives — — — — (628) — — SMC embedded derivatives — (1) — — — — — Total gain (loss) $ (2) $ — $ 65 $ 22 $ (38) $ (993) $ 3 Three Months Ended March 31, 2023 Interest rate contracts $ — $ — $ — $ — $ 6 $ 247 $ — Equity contracts (1) 1 43 19 164 (462) 3 Credit contracts — — 1 — — (33) — Foreign exchange contracts — — — — — (8) 3 IUL embedded derivatives — — — (8) — — — Fixed deferred indexed annuity and deposit receivables embedded derivatives — — — (1) — — — Structured variable annuity embedded derivatives — — — — (263) — — SMC embedded derivatives — (2) — — — — — Total gain (loss) $ (1) $ (1) $ 44 $ 10 $ (93) $ (256) $ 6 The Company holds derivative instruments that either do not qualify or are not designated for hedge accounting treatment. These derivative instruments are used as economic hedges of equity, interest rate, credit and foreign currency exchange rate risk related to various products and transactions of the Company. The deferred premium associated with certain of the above options is paid or received semi-annually over the life of the contract or at maturity. The following is a summary of the payments the Company is scheduled to make and receive for these options as of March 31, 2024: Premiums Payable Premiums Receivable (in millions) 2024 (1) $ 98 $ 7 2025 120 20 2026 246 88 2027 20 — 2028 30 — 2029 - 2031 368 — Total $ 882 $ 115 (1) 2024 amounts represent the amounts payable and receivable for the period from April 1, 2024 to December 31, 2024. Actual timing and payment amounts may differ due to future settlements, modifications or exercises of the contracts prior to the full premium being paid or received. Structured variable annuity, IUL and stock market certificate products have returns tied to the performance of equity markets. As a result of fluctuations in equity markets, the obligation incurred by the Company related to structured variable annuity, IUL and stock market certificate products will positively or negatively impact earnings over the life of these products. The equity components of structured variable annuity, IUL and stock market certificate product obligations are considered embedded derivatives, which are bifurcated from their host contracts for valuation purposes and reported on the Consolidated Balance Sheets at fair value with changes in fair value reported in earnings. As a means of economically hedging its obligations under the provisions of these products, the Company enters into interest rate swaps, index options and futures contracts. As discussed in Note 10, the Company issues variable annuity contracts that provide protection to contractholders from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. The Company economically hedges its obligations under these market risk benefits using options, swaptions, swaps and futures. The Company enters into futures, credit default swaps, commodity swaps, total return swaps and foreign currency forwards to manage its exposure to price risk arising from seed money investments in proprietary investment products. The Company enters into foreign currency forward contracts to economically hedge its exposure to certain foreign transactions. The Company enters into futures contracts, total return swaps and foreign currency forwards to economically hedge its exposure related to compensation plans. The Company enters into interest rate swaps to offset interest rate changes on unrealized gains or losses for certain investments. Cash Flow Hedges The Company has designated derivative instruments as a cash flow hedge for interest rate exposure on forecasted debt interest payments. For derivative instruments that qualify as cash flow hedges, the gains or losses on the derivative instruments are reported in AOCI and reclassified into earnings when the hedged item or transaction impacts earnings. The amount that is reclassified into earnings is presented within the same line item as the earnings impact of the hedged item in Interest and debt expense. For both the three months ended March 31, 2024 and 2023, the amounts reclassified from AOCI to earnings related to cash flow hedges were immaterial. The estimated net amount recorded in AOCI as of March 31, 2024 that the Company expects to reclassify to earnings as a reduction to Interest and debt expense within the next twelve months is $0.8 million. Currently, the longest period of time over which the Company is hedging exposure to the variability in future cash flows is 12 years and relates to forecasted debt interest payments. See Note 15 for a rollforward of net unrealized gains (losses) on derivatives included in AOCI related to cash flow hedges. Net Investment Hedges The Company entered into, and designated as net investment hedges in foreign operations, forward contracts to hedge a portion of the Company’s foreign currency exchange rate risk associated with its investment in Threadneedle. As the Company determined that the forward contracts are effective, the change in fair value of the derivatives is recognized in AOCI as part of the foreign currency translation adjustment. For the three months ended March 31, 2024 and 2023, the Company recognized an immaterial gain and a loss of $2 million, respectively, in other comprehensive income (loss) (“OCI”). Credit Risk Credit risk associated with the Company’s derivatives is the risk that a derivative counterparty will not perform in accordance with the terms of the applicable derivative contract. To mitigate such risk, the Company has established guidelines and oversight of credit risk through a comprehensive enterprise risk management program that includes members of senior management. Key components of this program are to require preapproval of counterparties and the use of master netting and collateral arrangements whenever practical. See Note 13 for additional information on the Company’s credit exposure related to derivative assets.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
Shareholders' Equity	Mar. 31, 2024
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders’ Equity The following table presents the amounts related to each component of OCI: Three Months Ended March 31, 2024 2023 Pretax Income Tax Benefit (Expense) Net of Tax Pretax Income Tax Benefit (Expense) Net of Tax (in millions) Net unrealized gains (losses) on securities: Net unrealized gains (losses) on securities arising during the period (1) $ (236) $ 52 $ (184) $ 566 $ (124) $ 442 Reclassification of net (gains) losses on securities included in net income (2) — — — (3) 1 (2) Impact of benefit reserves and reinsurance recoverables 8 (2) 6 (12) 2 (10) Net unrealized gains (losses) on securities (228) 50 (178) 551 (121) 430 Net unrealized gains (losses) on derivatives: Net unrealized gains (losses) on derivatives arising during the period — — — 3 (1) 2 Net unrealized gains (losses) on derivatives — — — 3 (1) 2 Effect of changes in discount rate assumptions on certain long-duration contracts 88 (19) 69 (83) 18 (65) Effect of changes in instrument-specific credit risk on MRBs (48) 11 (37) 204 (43) 161 Foreign currency translation (18) — (18) 42 (9) 33 Total other comprehensive income (loss) $ (206) $ 42 $ (164) $ 717 $ (156) $ 561 (1) Includes impairments on Available-for-Sale securities related to factors other than credit that were recognized in OCI during the period. (2) Reclassification amounts are recorded in Net investment income. Other comprehensive income (loss) related to net unrealized gains (losses) on securities includes three components: (i) unrealized gains (losses) that arose from changes in the market value of securities that were held during the period; (ii) (gains) losses that were previously unrealized, but have been recognized in current period net income due to sales of Available-for-Sale securities and due to the reclassification of noncredit losses to credit losses; and (iii) other adjustments primarily consisting of changes in insurance and annuity asset and liability balances, such as benefit reserves and reinsurance recoverables, to reflect the expected impact on their carrying values had the unrealized gains (losses) been realized as of the respective balance sheet dates. The following table presents the changes in the balances of each component of AOCI, net of tax: Net Unrealized Gains (Losses) Net Unrealized Gains (Losses) Effect of Changes in Discount Rate Assumptions on Certain Long-Duration Contracts Effect of Changes in Instrument-Specific Credit Risk on MRBs Defined Foreign Currency Translation Other Total (in millions) Balance at January 1, 2024 $ (1,241) $ 5 $ (126) $ (85) $ (60) $ (258) $ (1) $ (1,766) OCI before reclassifications (178) — 69 (37) — (18) — (164) Total OCI (178) — 69 (37) — (18) — (164) Balance at March 31, 2024 $ (1,419) $ 5 $ (57) $ (122) $ (60) $ (276) $ (1) $ (1,930) Balance at January 1, 2023 $ (2,043) $ 3 $ (72) $ (20) $ (75) $ (338) $ (1) $ (2,546) OCI before reclassifications 432 2 (65) 161 — 33 — 563 Amounts reclassified from AOCI (2) — — — — — — (2) Total OCI 430 2 (65) 161 — 33 — 561 Balance at March 31, 2023 $ (1,613) $ 5 $ (137) $ 141 $ (75) $ (305) $ (1) $ (1,985) For the three months ended March 31, 2024 and 2023, the Company repurchased a total of 1.2 million shares and 1.6 million shares, respectively, of its common stock for an aggregate cost of $507 million and $506 million, respectively. On July 24, 2023, the Company’s Board of Directors authorized an additional $3.5 billion for the repurchase of the Company’s common stock through September 30, 2025. As of March 31, 2024, the Company had $2.6 billion remaining under this share repurchase authorization. The Company may also reacquire shares of its common stock under its share-based compensation plans related to restricted stock awards and certain option exercises. The holders of restricted shares may elect to surrender a portion of their shares on the vesting date to cover their income tax obligation. These vested restricted shares are reacquired by the Company and the Company’s payment of the holders’ income tax obligations are recorded as a treasury share purchase. For the three months ended March 31, 2024 and 2023, the Company reacquired 0.3 million shares and 0.3 million shares, respectively, of its common stock through the surrender of shares upon vesting and paid in the aggregate $99 million and $87 million, respectively, related to the holders’ income tax obligations on the vesting date. Option holders may elect to net settle their vested awards resulting in the surrender of the number of shares required to cover the strike price and tax obligation of the options exercised. These shares are reacquired by the Company and recorded as treasury shares. For the three months ended March 31, 2024 and 2023, the Company reacquired 0.2 million shares and 0.2 million shares, respectively, of its common stock through the net settlement of options for an aggregate value of $99 million and $63 million, respectively. During the three months ended March 31, 2024 and 2023, the Company reissued 0.7 million and 0.6 million, respectively, treasury shares for restricted stock award grants, performance share units and issuance of shares vested under advisor deferred compensation plans.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective tax rate was 18.8% and 15.9% for the three months ended March 31, 2024 and 2023, respectively. The effective tax rate for the three months ended March 31, 2024 was lower than the statutory rate as a result of tax preferred items including incentive compensation and foreign tax credits net of addback, partially offset by state income taxes, net of federal benefit. The effective tax rate for the three months ended March 31, 2023 was lower than the statutory rate as a result of tax preferred items including incentive compensation, foreign tax credits net of addback, the dividends received deduction and low income housing tax credits, partially offset by state income taxes, net of federal benefit. The higher effective tax rate for the three months ended March 31, 2024 compared to the three months ended March 31, 2023 was primarily the result of higher pretax income and a decrease in foreign tax credits net of addback, partially offset by an increase in incentive compensation compared to the prior period. Included in the Company’s deferred income tax assets are tax benefits related to state net operating losses of $32 million, net of federal benefit, which will expire beginning December 31, 2024 and foreign net operating losses of $42 million, which do not expire. The Company is required to establish a valuation allowance for any portion of its deferred tax assets that management believes will not be realized. Significant judgment is required in determining if a valuation allowance should be established and the amount of such allowance if required. Factors used in making this determination include estimates relating to the performance of the business. Consideration is given to, among other things in making this determination: (i) future taxable income exclusive of reversing temporary differences and carryforwards; (ii) future reversals of existing taxable temporary differences; (iii) taxable income in prior carryback years; and (iv) tax planning strategies. Based on analysis of the Company’s tax position as of March 31, 2024, management believes it is more likely than not that the Company will not realize certain state net operating losses of $31 million, state deferred tax assets of $2 million (both net of federal benefit), and foreign net operating losses of $33 million; therefore, a valuation allowance has been established. The valuation allowance was $66 million and $65 million as of March 31, 2024 and December 31, 2023, respectively. As of March 31, 2024 and December 31, 2023, the Company had $156 million and $150 million, respectively, of gross unrecognized tax benefits. If recognized, approximately $126 million and $120 million, net of federal tax benefits, of unrecognized tax benefits as of March 31, 2024 and December 31, 2023, respectively, would affect the effective tax rate. It is reasonably possible that the total amount of unrecognized tax benefits will change in the next 12 months. The Company estimates that the total amount of gross unrecognized tax benefits may decrease by approximately $27 million in the next 12 months primarily due to expected exam closures and state statutes of limitations expirations. The Company recognizes interest and penalties related to unrecognized tax benefits as a component of the income tax provision. The Company recognized a net increase of $2 million and $1 million in interest and penalties for the three months ended March 31, 2024 and 2023, respectively. As of March 31, 2024 and December 31, 2023, the Company had a payable of $28 million and $26 million, respectively, related to accrued interest and penalties. The Company or one or more of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. The Internal Revenue Service (“IRS”) is currently auditing the Company’s U.S. income tax returns for 2019 and 2020. The Company’s state income tax returns are currently under examination by various jurisdictions for years ranging from 2017 through 2021. The Company is an applicable corporation required to compute corporate alternative minimum tax (“CAMT”); however, based on current estimates the Company does not expect to be liable for the CAMT in 2024 and therefore a liability has not been recorded. In December 2021, the Organization for Economic Co-operation and Development published the Pillar Two model rules which introduce new taxing mechanisms aimed at ensuring multinational enterprises pay a minimum level of tax on profits from each jurisdiction in which they operate. Various jurisdictions that the Company operates in have enacted or substantively enacted legislation that became effective beginning January 1, 2024. The Company intends to rely on Pillar Two transitional safe harbors where available and, based on its current estimate, has not recorded any Pillar Two tax liabilities. The Company continues to monitor the adoption and implementation of these rules and evaluate the potential impact on its consolidated financial statements.

Contingencies

Contingencies	3 Months Ended
Contingencies	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Contingencies The Company and its subsidiaries are involved in the normal course of business in legal proceedings which include regulatory inquiries, arbitration and litigation, including class actions, concerning matters arising in connection with the conduct of its activities as a diversified financial services firm. These include proceedings specific to the Company as well as proceedings generally applicable to business practices in the industries in which it operates. The Company can also be subject to legal proceedings arising out of its general business activities, such as its investments, contracts, leases and employment relationships. Uncertain economic conditions, heightened and sustained volatility in the financial markets and significant financial reform legislation may increase the likelihood that clients and other persons or regulators may present or threaten legal claims or that regulators increase the scope or frequency of examinations of the Company or the financial services industry generally. As with other financial services firms, the level of regulatory activity and inquiry concerning the Company’s businesses remains elevated. From time to time, the Company receives requests for information from, and/or has been subject to examination or claims by, the SEC, the Financial Industry Regulatory Authority, the OCC, the U.K. Financial Conduct Authority, the Federal Reserve Board, state insurance and securities regulators, state attorneys general and various other domestic and foreign governmental and quasi-governmental authorities on behalf of themselves or clients concerning the Company’s business activities and practices, and the practices of the Company’s financial advisors. The Company typically has numerous pending matters which include information requests, exams or inquiries regarding certain subjects, including from time to time: sales and distribution of, and disclosure practices related to, mutual and other pooled funds, exchange traded funds, private funds, segregated accounts, annuities, equity and fixed income securities, real estate investment trusts, insurance products, banking products and financial advice offerings, including managed accounts; wholesaler activity; supervision of the Company’s financial advisors and other associated persons; administration of insurance and annuity claims; security of client information; trading activity and the Company’s monitoring and supervision of such activity; recordkeeping requirements; and transaction monitoring systems and controls. The Company is cooperating with the applicable regulators. In connection with one such matter, the Company has responded to SEC document and information requests regarding the preservation of certain business-related communications sent on electronic messaging platforms that have not been approved by the Company. During 2023, the Company recorded a $50 million accrual for this matter within our introducing broker dealer subsidiary. The Company has reached an agreement in principle with the Staff, subject to Commission approval, that it believes resolves this matter. As of March 31, 2024, the related liability was $50 million. These pending matters are subject to uncertainties and, as such, it is inherently difficult to determine whether any loss is probable or even reasonably possible, or to reasonably estimate the amount of any loss that may result from such matters. The Company cannot predict with certainty if, how, or when any such proceedings will be initiated or resolved. Matters frequently need to be more developed before a potential loss or range of loss can be reasonably estimated for any matter. An adverse outcome in any matter could result in an adverse judgment, a settlement, fine, penalty, or other sanction, and may lead to further claims, examinations, or adverse publicity each of which could have a material adverse effect on the Company’s consolidated results of operations, financial condition, or liquidity. In accordance with applicable accounting standards, the Company establishes an accrued liability for contingent litigation and regulatory matters when those matters present loss contingencies that are both probable and can be reasonably estimated. The Company discloses the nature of the contingency when management believes there is at least a reasonable possibility that the outcome may be material to the Company’s consolidated financial statements and, where feasible, an estimate of the possible loss. In such cases, there still may be an exposure to loss in excess of any amounts reasonably estimated and accrued. When a loss contingency is not both probable and reasonably estimable, the Company does not establish an accrued liability, but continues to monitor, in conjunction with any outside counsel handling a matter, further developments that would make such loss contingency both probable and reasonably estimable. Once the Company establishes an accrued liability with respect to a loss contingency, the Company continues to monitor the matter for further developments that could affect the amount of the accrued liability that has been previously established, and any appropriate adjustments are made each quarter. Guaranty Fund Assessments RiverSource Life Insurance Company (“RiverSource Life”) and RiverSource Life Insurance Co. of New York (“RiverSource Life of NY”) are required by law to be a member of the guaranty fund association in every state where they are licensed to do business. In the event of insolvency of one or more unaffiliated insurance companies, the Company could be adversely affected by the requirement to pay assessments to the guaranty fund associations. The Company projects its cost of future guaranty fund assessments based on estimates of insurance company insolvencies provided by the National Organization of Life and Health Insurance Guaranty Associations and the amount of its premiums written relative to the industry-wide premium in each state. The Company accrues the estimated cost of future guaranty fund assessments when it is considered probable that an assessment will be imposed, the event obligating the Company to pay the assessment has occurred and the amount of the assessment can be reasonably estimated. The Company has a liability for estimated guaranty fund assessments and a related premium tax asset. As of both March 31, 2024 and December 31, 2023, the estimated liability was $34 million. As of both March 31, 2024 and December 31, 2023, the related premium tax asset was $29 million. The expected period over which guaranty fund assessments will be made and the related tax credits recovered is not known.

Earnings per Share

Earnings per Share	3 Months Ended
Earnings per Share	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share The computations of basic and diluted earnings per share were as follows: Three Months Ended March 31, 2024 2023 (in millions, except per share amounts) Numerator: Net income $ 990 $ 417 Denominator: Basic: Weighted-average common shares outstanding 102.8 107.9 Effect of potentially dilutive nonqualified stock options and other share-based awards 1.8 2.1 Diluted: Weighted-average common shares outstanding 104.6 110.0 Earnings per share: Basic $ 9.63 $ 3.86 Diluted $ 9.46 $ 3.79

Segment Information

Segment Information	3 Months Ended
Segment Information	Mar. 31, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information The Company’s four reporting segments are Advice & Wealth Management, Asset Management, Retirement & Protection Solutions and Corporate & Other. The accounting policies of the segments are the same as those of the Company, except for operating adjustments defined below, the method of capital allocation, the accounting for gains (losses) from intercompany revenues and expenses and not providing for income taxes on a segment basis. Management uses segment adjusted operating measures in goal setting, as a basis for determining employee compensation and in evaluating performance on a basis comparable to that used by some securities analysts and investors. Consistent with GAAP accounting guidance for segment reporting, adjusted operating earnings is the Company’s measure of segment performance. Adjusted operating earnings should not be viewed as a substitute for GAAP pretax income. The Company believes the presentation of segment adjusted operating earnings, as the Company measures it for management purposes, enhances the understanding of its business by reflecting the underlying performance of its core operations and facilitating a more meaningful trend analysis. Adjusted operating earnings is defined as adjusted operating net revenues less adjusted operating expenses. Adjusted operating net revenues and adjusted operating expenses exclude net realized investment gains or losses (net of reinsurance accrual); the market impact on non-traditional long-duration products (including variable and fixed deferred annuity contracts and UL insurance contracts), net of hedges and reinsurance accrual; mean reversion related impacts (the impact on VUL products for the difference between assumed and updated separate account investment performance on the reinsurance accrual and additional insurance benefit reserves); the market impact of hedges to offset interest rate and currency changes on unrealized gains or losses for certain investments; block transfer reinsurance transaction impacts; gain or loss on disposal of a business that is not considered discontinued operations; integration and restructuring charges; and the impact of consolidating CIEs. The market impact on non-traditional long-duration products includes changes in market risk benefits and embedded derivative values caused by changes in financial market conditions, net of changes in economic hedge values and unhedged items including the difference between assumed and actual underlying separate account investment performance, fixed income credit exposures, transaction costs and certain policyholder contract elections. The market impact also includes certain valuation adjustments made in accordance with FASB Accounting Standards Codification 820, Fair Value Measurements and Disclosure s, including the impact on embedded derivative values of discounting projected benefits to reflect a current estimate of the RiverSource Life companies’ nonperformance spread. The following tables summarize selected financial information by segment and reconcile segment totals to those reported on the consolidated financial statements: March 31, 2024 December 31, 2023 (in millions) Advice & Wealth Management $ 42,937 $ 42,983 Asset Management 7,045 7,288 Retirement & Protection Solutions 113,392 108,451 Corporate & Other 16,457 16,469 Total assets $ 179,831 $ 175,191 Three Months Ended March 31, 2024 2023 (in millions) Adjusted operating net revenues: Advice & Wealth Management $ 2,560 $ 2,265 Asset Management 855 799 Retirement & Protection Solutions 912 824 Corporate & Other 121 126 Elimination of segment revenues (1) (348) (316) Total segment adjusted operating net revenues 4,100 3,698 Adjustments: Net realized investment gains (losses) — 3 Market impact on non-traditional long-duration products 2 — Revenue attributable to consolidated investment entities 44 41 Total net revenues per consolidated statements of operations $ 4,146 $ 3,742 (1) Represents the elimination of intersegment revenues recognized for the three months ended March 31, 2024 and 2023 in each segment as follows: Advice & Wealth Management ($225 million and $201 million, respectively); Asset Management ($24 million and $17 million, respectively); Retirement & Protection Solutions ($106 million and $102 million, respectively); and Corporate & Other ($(7) million and $(4) million, respectively). Three Months Ended March 31, 2024 2023 (in millions) Adjusted operating earnings: Advice & Wealth Management $ 762 $ 693 Asset Management 206 165 Retirement & Protection Solutions 199 194 Corporate & Other (89) (74) Total segment adjusted operating earnings 1,078 978 Adjustments: Net realized investment gains (losses) — 3 Market impact on non-traditional long-duration products 140 (475) Integration/restructuring charges — (10) Net income (loss) attributable to consolidated investment entities 1 — Pretax income per consolidated statements of operations $ 1,219 $ 496

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income	$ 990	$ 417

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
Basis of Presentation (Policies)	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation	The accompanying Consolidated Financial Statements include the accounts of Ameriprise Financial, Inc., companies in which it directly or indirectly has a controlling financial interest and variable interest entities (“VIEs”) in which it is the primary beneficiary (collectively, the “Company”). All intercompany transactions and balances have been eliminated in consolidation.
Basis of Accounting	The accompanying Consolidated Financial Statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”).
Adoption and Future Adoption of New Accounting Standards	Future Adoption of New Accounting Standards Segment Reporting – Improvements to Reportable Segment Disclosures In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Improvements to Reportable Segment Disclosures , updating reportable segment disclosure requirements in accordance with Topic 280, Segment Reporting (“Topic 280”), primarily through enhanced disclosures about significant segment expenses. In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss and contain other disclosure requirements. The amendments are effective for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024. Early adoption is permitted. The Company is assessing changes to the segment-related disclosures resulting from the standard. The adoption of the standard will not have an impact on the Company’s consolidated results of operations and financial condition as the standard is disclosure-related only. Income Taxes – Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures , updating the accounting standards related to income tax disclosures, primarily focused on the disaggregation of income taxes paid and the rate reconciliation table. The standard is to be applied prospectively with an option for retrospective application and is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is assessing changes to the income tax-related disclosures resulting from the standard. The adoption of the standard will not have an impact on the Company’s consolidated results of operations and financial condition as the standard is disclosure-related only.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
Revenue from Contracts with Customers (Tables)	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of disaggregated revenue by segment	The following tables present revenue disaggregated by segment on an adjusted operating basis with a reconciliation of segment revenues to those reported on the Consolidated Statements of Operations: Three Months Ended March 31, 2024 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate & Other Total Segments Non-operating Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 530 $ — $ — $ 530 $ — $ 530 Institutional — 159 — — 159 — 159 Advisory fees 1,303 — — — 1,303 — 1,303 Financial planning fees 112 — — — 112 — 112 Transaction and other fees 94 50 14 — 158 — 158 Total management and financial advice fees 1,509 739 14 — 2,262 — 2,262 Distribution fees: Mutual funds 196 56 — — 252 — 252 Insurance and annuity 247 39 84 — 370 — 370 Off-balance sheet brokerage cash 50 — — — 50 — 50 Other products 105 — — — 105 — 105 Total distribution fees 598 95 84 — 777 — 777 Other revenues 60 5 — — 65 — 65 Total revenue from contracts with customers 2,167 839 98 — 3,104 — 3,104 Revenue from other sources (1) 572 16 814 129 1,531 49 1,580 Total segment gross revenues 2,739 855 912 129 4,635 49 4,684 Banking and deposit interest expense (179) — — (8) (187) — (187) Total segment net revenues 2,560 855 912 121 4,448 49 4,497 Elimination of intersegment revenues (225) (24) (106) 7 (348) (3) (351) Total net revenues $ 2,335 $ 831 $ 806 $ 128 $ 4,100 $ 46 $ 4,146 Three Months Ended March 31, 2023 Advice & Wealth Management Asset Management Retirement & Protection Solutions Corporate & Other Total Segments Non-operating Total (in millions) Management and financial advice fees: Asset management fees: Retail $ — $ 491 $ — $ — $ 491 $ — $ 491 Institutional — 152 — — 152 — 152 Advisory fees 1,109 — — — 1,109 — 1,109 Financial planning fees 101 — — — 101 — 101 Transaction and other fees 89 48 14 — 151 — 151 Total management and financial advice fees 1,299 691 14 — 2,004 — 2,004 Distribution fees: Mutual funds 175 52 — — 227 — 227 Insurance and annuity 211 38 80 — 329 — 329 Off-balance sheet brokerage cash 126 — — — 126 — 126 Other products 81 — — — 81 — 81 Total distribution fees 593 90 80 — 763 — 763 Other revenues 58 5 — — 63 — 63 Total revenue from contracts with customers 1,950 786 94 — 2,830 — 2,830 Revenue from other sources (1) 418 13 730 130 1,291 47 1,338 Total segment gross revenues 2,368 799 824 130 4,121 47 4,168 Banking and deposit interest expense (103) — — (4) (107) — (107) Total segment net revenues 2,265 799 824 126 4,014 47 4,061 Elimination of intersegment revenues (201) (17) (102) 4 (316) (3) (319) Total net revenues $ 2,064 $ 782 $ 722 $ 130 $ 3,698 $ 44 $ 3,742 (1) Revenues not included in the scope of the revenue from contracts with customers standard. The amounts primarily consist of revenue associated with insurance and annuity products and investment income from financial instruments.

Variable Interest Entities (Tab

Variable Interest Entities (Tables) - Consolidated investment entities	3 Months Ended
	Mar. 31, 2024
Assets and liabilities measured at fair value
Schedule of balances of assets and liabilities measured at fair value on a recurring basis	The following tables present the balances of assets and liabilities held by consolidated investment entities measured at fair value on a recurring basis: March 31, 2024 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Corporate debt securities $ — $ 38 $ — $ 38 Common stocks — 5 1 6 Syndicated loans — 1,919 65 1,984 Total investments — 1,962 66 2,028 Receivables — 25 — 25 Total assets at fair value $ — $ 1,987 $ 66 $ 2,053 Liabilities Debt (1) $ — $ 2,119 $ — $ 2,119 Other liabilities — 56 — 56 Total liabilities at fair value $ — $ 2,175 $ — $ 2,175 December 31, 2023 Level 1 Level 2 Level 3 Total (in millions) Assets Investments: Corporate debt securities $ — $ 40 $ — $ 40 Common stocks — 5 — 5 Syndicated loans — 1,991 63 2,054 Total investments — 2,036 63 2,099 Receivables — 28 — 28 Other assets — 1 — 1 Total assets at fair value $ — $ 2,065 $ 63 $ 2,128 Liabilities Debt (1) $ — $ 2,155 $ — $ 2,155 Other liabilities — 45 — 45 Total liabilities at fair value $ — $ 2,200 $ — $ 2,200 (1) The carrying value of the CLOs’ debt is set equal to the fair value of the CLOs’ assets. The estimated fair value of the CLOs’ debt was $2.1 billion as of both March 31, 2024 and December 31, 2023.
Summary of changes in Level 3 assets measured at fair value on a recurring basis	The following tables provide a summary of changes in Level 3 assets held by consolidated investment entities measured at fair value on a recurring basis: Common Stocks Syndicated Loans (in millions) Balance at January 1, 2024 $ — $ 63 Total gains (losses) included in: Net income — (2) (1) Purchases — 37 Transfers into Level 3 1 15 Transfers out of Level 3 — (48) Balance at March 31, 2024 $ 1 $ 65 Changes in unrealized gains (losses) included in net income relating to assets held at March 31, 2024 $ — $ (3) (1) Syndicated Loans Other Assets (in millions) Balance at January 1, 2023 $ 125 $ 1 Total gains (losses) included in: Net income (1) (1) — Purchases 17 — Sales (7) — Settlements (15) — Transfers into Level 3 21 — Transfers out of Level 3 (90) (1) Balance at March 31, 2023 $ 50 $ — Changes in unrealized gains (losses) included in net income relating to assets held at March 31, 2023 $ — (1) $ — (1) Included in Net investment income.
Schedule of fair value and unpaid principal balance of loans and debt for which fair value option has been elected	The following table presents the fair value and unpaid principal balance of loans and debt for which the fair value option has been elected: March 31, 2024 December 31, 2023 (in millions) Syndicated loans Unpaid principal balance $ 2,076 $ 2,190 Excess unpaid principal over fair value (92) (136) Fair value $ 1,984 $ 2,054 Fair value of loans more than 90 days past due $ 4 $ — Fair value of loans in nonaccrual status 6 13 Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both 17 40 Debt Unpaid principal balance $ 2,302 $ 2,362 Excess unpaid principal over fair value (183) (207) Carrying value (1) $ 2,119 $ 2,155 (1) The carrying value of the CLOs’ debt is set equal to the fair value of the CLOs’ assets. The estimated fair value of the CLOs’ debt was $2.1 billion as of both March 31, 2024 and December 31, 2023.
Schedule of debt and stated interest rates	Debt of the consolidated investment entities and the stated interest rates were as follows: Carrying Value Weighted Average Interest Rate March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 (in millions) Debt of consolidated CLOs due 2028 -2034 $ 2,119 $ 2,155 6.6 % 6.6 %

Investments (Tables)

Investments (Tables)	3 Months Ended
Investments (Tables)	Mar. 31, 2024
Investments [Abstract]
Summary of investments	The following is a summary of Ameriprise Financial investments: March 31, 2024 December 31, 2023 (in millions) Available-for-Sale securities, at fair value $ 52,246 $ 51,562 Mortgage loans (allowance for credit losses: 2024, $14; 2023, $14) 2,155 2,118 Policy loans 926 912 Other investments (allowance for credit losses: 2024, $6; 2023, $6) 922 897 Total $ 56,249 $ 55,489
Summary of Net Investment income	The following is a summary of Net investment income: Three Months Ended March 31, 2024 2023 (in millions) Investment income on fixed maturities $ 754 $ 571 Net realized gains (losses) 1 4 Consolidated investment entities 45 42 Other (1) 101 81 Total $ 901 $ 698 (1) Prior period amount associated with affordable housing partnerships has been reclassified to Other to conform to current year presentation.
Schedule of Available-for-Sale securities by type	Available-for-Sale securities distributed by type were as follows: March 31, 2024 Description of Securities Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value (in millions) Corporate debt securities $ 13,154 $ 291 $ (590) $ (1) $ 12,854 Residential mortgage backed securities 22,585 77 (1,220) — 21,442 Commercial mortgage backed securities 6,312 14 (303) — 6,023 Asset backed securities 8,177 31 (52) — 8,156 State and municipal obligations 726 52 (19) (1) 758 U.S. government and agency obligations 2,982 — — — 2,982 Foreign government bonds and obligations 19 — (1) — 18 Other securities 13 — — — 13 Total $ 53,968 $ 465 $ (2,185) $ (2) $ 52,246 Description of Securities December 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Allowance for Credit Losses Fair Value (in millions) Corporate debt securities $ 12,675 $ 409 $ (507) $ (1) $ 12,576 Residential mortgage backed securities 22,130 107 (1,171) — 21,066 Commercial mortgage backed securities 6,380 11 (341) — 6,050 Asset backed securities 8,353 25 (59) — 8,319 State and municipal obligations 719 62 (20) (1) 760 U.S. government and agency obligations 2,739 1 — — 2,740 Foreign government bonds and obligations 19 — (1) — 18 Other securities 33 — — — 33 Total $ 53,048 $ 615 $ (2,099) $ (2) $ 51,562
Summary of fixed maturity securities by rating	A summary of fixed maturity securities by rating was as follows: Ratings March 31, 2024 December 31, 2023 Amortized Cost Fair Value Percent of Total Fair Value Amortized Cost Fair Value Percent of Total Fair Value (in millions, except percentages) AAA $ 26,371 $ 25,540 49 % $ 25,235 $ 24,342 47 % AA 13,406 12,830 24 14,013 13,534 26 A 3,305 3,326 6 3,073 3,139 6 BBB 10,583 10,252 20 10,396 10,216 20 Below investment grade (1) 303 298 1 331 331 1 Total fixed maturities $ 53,968 $ 52,246 100 % $ 53,048 $ 51,562 100 % (1) The amortized cost and fair value of below investment grade securities includes interest in non-consolidated CLOs managed by the Company of $1 million as of both March 31, 2024 and December 31, 2023. These securities are not rated but are included in below investment grade due to their risk characteristics.
Summary of fair value and gross unrealized losses on Available-for-Sale securities in continuous unrealized loss position	The following tables summarize the fair value and gross unrealized losses on Available-for-Sale securities, aggregated by major investment type and the length of time that individual securities have been in a continuous unrealized loss position for which no allowance for credit losses has been recorded: Description of Securities March 31, 2024 Less than 12 Months 12 Months or More Total Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses (in millions, except number of securities) Corporate debt securities 176 $ 2,371 $ (25) 367 $ 5,179 $ (565) 543 $ 7,550 $ (590) Residential mortgage backed securities 110 3,747 (31) 742 10,772 (1,189) 852 14,519 (1,220) Commercial mortgage backed securities 10 163 — 283 4,370 (303) 293 4,533 (303) Asset backed securities 44 919 (2) 80 987 (50) 124 1,906 (52) State and municipal obligations 6 17 — 51 152 (19) 57 169 (19) U.S. government and agency obligations 14 1,318 — 1 — — 15 1,318 — Foreign government bonds and obligations 2 5 — 3 12 (1) 5 17 (1) Other securities 1 13 — — — — 1 13 — Total 363 $ 8,553 $ (58) 1,527 $ 21,472 $ (2,127) 1,890 $ 30,025 $ (2,185) Description of Securities December 31, 2023 Less than 12 Months 12 Months or More Total Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses (in millions, except number of securities) Corporate debt securities 97 $ 1,276 $ (11) 376 $ 5,197 $ (496) 473 $ 6,473 $ (507) Residential mortgage backed securities 82 3,052 (25) 734 10,677 (1,146) 816 13,729 (1,171) Commercial mortgage backed securities 31 747 (9) 277 4,092 (332) 308 4,839 (341) Asset backed securities 49 885 (2) 116 2,840 (57) 165 3,725 (59) State and municipal obligations 5 29 (1) 49 138 (19) 54 167 (20) U.S. government and agency obligations 11 955 — 1 — — 12 955 — Foreign government bonds and obligations — — — 3 12 (1) 3 12 (1) Total 275 $ 6,944 $ (48) 1,556 $ 22,956 $ (2,051) 1,831 $ 29,900 $ (2,099)
Rollforward of allowance for credit losses on Available-for-Sale securities	The following table presents rollforwards of the allowance for credit losses on Available-for-Sale securities: Corporate Debt Securities State and Municipal Obligations Total (in millions) Balance at January 1, 2024 $ 1 $ 1 $ 2 Additional increases (decreases) on securities that had an allowance recorded in a previous period — — — Balance at March 31, 2024 $ 1 $ 1 $ 2 Balance at January 1, 2023 $ 20 $ 2 $ 22 Additional increases (decreases) on securities that had an allowance recorded in a previous period 3 — 3 Balance at March 31, 2023 $ 23 $ 2 $ 25
Schedule of net realized gains and losses on Available-for-Sale securities	Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method, recognized in Net investment income were as follows: Three Months Ended March 31, 2024 (1) 2023 (in millions) Gross realized investment gains $ — $ 10 Gross realized investment losses — (2) Credit reversals (losses) — (3) Other impairments — (2) Total $ — $ 3 1) No realized gains or losses on Available-for-Sale securities, including credit losses and other impairments, exceeded $1 million for the three months ended March 31, 2024.
Schedule of Available-for-Sale securities by contractual maturity	Available-for-Sale securities by contractual maturity as of March 31, 2024 were as follows: Amortized Cost Fair Value (in millions) Due within one year $ 4,561 $ 4,551 Due after one year through five years 2,468 2,412 Due after five years through 10 years 4,611 4,289 Due after 10 years 5,254 5,373 16,894 16,625 Residential mortgage backed securities 22,585 21,442 Commercial mortgage backed securities 6,312 6,023 Asset backed securities 8,177 8,156 Total $ 53,968 $ 52,246

Financing Receivables (Tables)

Financing Receivables (Tables)	3 Months Ended
Financing Receivables (Tables)	Mar. 31, 2024
Financing Receivables
Rollforward of allowance for credit losses	The following tables present a rollforward of the allowance for credit losses: Commercial Loans Consumer Loans Total (in millions) Balance at January 1, 2024 $ 54 $ 9 $ 63 Provisions (2) 1 (1) Charge-offs (1) (1) (2) Balance at March 31, 2024 $ 51 $ 9 $ 60 Balance at January 1, 2023 $ 54 $ 5 $ 59 Provisions (1) 2 1 Charge-offs (1) — (1) Balance at March 31, 2023 $ 52 $ 7 $ 59
Commercial Loans
Financing Receivables
Schedule of amortized cost basis of loans and credit quality information	The tables below present the amortized cost basis of commercial mortgage loans by the year of origination and loan-to-value ratio: March 31, 2024 Loan-to-Value Ratio 2024 2023 2022 2021 2020 Prior Total (in millions) > 100% $ — $ — $ — $ — $ — $ 24 $ 24 80% - 100% — — 5 — — 60 65 60% - 80% 28 59 26 6 15 129 263 40% - 60% 3 8 46 133 42 386 618 < 40% — 10 32 48 51 726 867 Total $ 31 $ 77 $ 109 $ 187 $ 108 $ 1,325 $ 1,837 December 31, 2023 Loan-to-Value Ratio 2023 2022 2021 2020 2019 Prior Total (in millions) > 100% $ — $ — $ — $ — $ 2 $ 22 $ 24 80% - 100% — 5 — 2 11 50 68 60% - 80% 59 26 6 14 40 106 251 40% - 60% 8 47 133 53 70 348 659 < 40% 10 32 49 40 80 619 830 Total $ 77 $ 110 $ 188 $ 109 $ 203 $ 1,145 $ 1,832
Commercial Loans \| Commercial mortgage loans
Financing Receivables
Schedule of amortized cost basis of loans and credit quality information	Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows: Loans Percentage March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 (in millions) East North Central $ 191 $ 189 10 % 10 % East South Central 47 52 3 3 Middle Atlantic 113 112 6 6 Mountain 146 138 8 8 New England 27 28 1 2 Pacific 619 624 34 34 South Atlantic 466 465 25 25 West North Central 107 109 6 6 West South Central 121 115 7 6 Total $ 1,837 $ 1,832 100 % 100 % Concentrations of credit risk of commercial mortgage loans by property type were as follows: Loans Percentage March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 (in millions) Apartments $ 483 $ 485 26 % 26 % Hotel 19 13 1 1 Industrial 313 317 17 17 Mixed use 64 64 4 4 Office 233 241 13 13 Retail 573 561 31 31 Other 152 151 8 8 Total $ 1,837 $ 1,832 100 % 100 %
Commercial Loans \| Syndicated loans
Financing Receivables
Schedule of amortized cost basis of loans and credit quality information	The tables below present the amortized cost basis of syndicated loans by origination year and internal risk rating: March 31, 2024 Internal Risk Rating 2024 2023 2022 2021 2020 Prior Total (in millions) Risk 5 $ — $ — $ — $ — $ — $ — $ — Risk 4 — — — — 1 2 3 Risk 3 — 2 — 12 2 10 26 Risk 2 12 20 1 13 3 12 61 Risk 1 5 14 2 12 3 12 48 Total $ 17 $ 36 $ 3 $ 37 $ 9 $ 36 $ 138 December 31, 2023 Internal Risk Rating 2023 2022 2021 2020 2019 Prior Total (in millions) Risk 5 $ — $ 1 $ — $ — $ — $ — $ 1 Risk 4 — — — 1 2 — 3 Risk 3 2 — 12 2 2 10 28 Risk 2 26 3 17 5 11 2 64 Risk 1 14 5 15 3 10 2 49 Total $ 42 $ 9 $ 44 $ 11 $ 25 $ 14 $ 145
Commercial Loans \| Loans to financial advisors
Financing Receivables
Schedule of amortized cost basis of loans and credit quality information	The tables below present the amortized cost basis of advisor loans by origination year and termination status: March 31, 2024 Termination Status 2024 2023 2022 2021 2020 Prior Total (in millions) Active $ 120 $ 386 $ 299 $ 144 $ 99 $ 215 $ 1,263 Terminated — — 1 1 3 7 12 Total $ 120 $ 386 $ 300 $ 145 $ 102 $ 222 $ 1,275 December 31, 2023 Termination Status 2023 2022 2021 2020 2019 Prior Total (in millions) Active $ 395 $ 310 $ 151 $ 107 $ 79 $ 157 $ 1,199 Terminated — 2 1 1 4 4 12 Total $ 395 $ 312 $ 152 $ 108 $ 83 $ 161 $ 1,211
Consumer Loans \| Credit card receivables
Financing Receivables
Schedule of amortized cost basis of loans and credit quality information	The table below presents the amortized cost basis of credit card receivables by FICO score: FICO Score March 31, 2024 December 31, 2023 (in millions) > 800 $ 30 $ 32 750 - 799 26 28 700 - 749 30 30 650 - 699 19 19 < 650 8 8 Total $ 113 $ 117
Consumer Loans \| Residential mortgage loans
Financing Receivables
Schedule of amortized cost basis of loans and credit quality information	The tables below present the amortized cost basis of residential mortgage loans by year of origination and FICO score: FICO Score March 31, 2024 2024 2023 2022 2021 2020 Total (in millions) > 810 $ — $ 10 $ 3 $ 2 $ 1 $ 16 780 - 809 14 64 29 8 6 121 740 - 779 8 85 26 8 5 132 720 - 739 3 16 6 4 — 29 700 - 719 — 8 5 4 1 18 < 699 2 8 3 3 — 16 Total $ 27 $ 191 $ 72 $ 29 $ 13 $ 332 FICO Score December 31, 2023 2023 2022 2021 2020 Total (in millions) > 810 $ 9 $ 3 $ 2 $ — $ 14 780 - 809 65 29 8 6 108 740 - 779 80 26 8 6 120 720 - 739 15 6 4 1 26 700 - 719 8 5 4 1 18 < 699 7 4 3 — 14 Total $ 184 $ 73 $ 29 $ 14 $ 300 The table below presents the concentrations of credit risk of residential mortgage loans by U.S. region: Loans Percentage March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 (in millions) Minnesota $ 200 $ 178 60 % 59 % Other U.S. States 132 122 40 41 Total $ 332 $ 300 100 % 100 %

Deferred Acquisition Costs an_2

Deferred Acquisition Costs and Deferred Sales Inducement Costs (Tables)	3 Months Ended
	Mar. 31, 2024
Deferred Charges, Insurers [Abstract]
Schedule of balances of and changes in DAC	The following tables summarize the balances of and changes in deferred acquisition costs (“DAC”): Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Universal Life Insurance Variable Universal Life Insurance (in millions) Balance at January 1, 2024 $ 1,496 $ 208 $ 35 $ 5 $ 110 $ 534 Capitalization of acquisition costs 6 25 — — — 13 Amortization (30) (7) (2) — (2) (11) Balance at March 31, 2024 $ 1,472 $ 226 $ 33 $ 5 $ 108 $ 536 Indexed Universal Life Insurance Other Life Insurance Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Total, (in millions) Balance at January 1, 2024 $ 223 $ 2 $ 6 $ 17 $ 75 $ 2,711 Capitalization of acquisition costs 1 — 1 — 1 47 Amortization (4) — — — (3) (59) Balance at March 31, 2024 $ 220 $ 2 $ 7 $ 17 $ 73 $ 2,699 Other broker dealer acquisition costs 2 Balance at March 31, 2024 including broker dealer acquisition costs $ 2,701 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Universal Life Insurance Variable Universal Life Insurance (in millions) Balance at January 1, 2023 $ 1,598 $ 149 $ 45 $ 6 $ 118 $ 521 Capitalization of acquisition costs 23 83 — — — 57 Amortization (125) (24) (10) (1) (8) (44) Balance at December 31, 2023 $ 1,496 $ 208 $ 35 $ 5 $ 110 $ 534 Indexed Universal Life Insurance Other Life Insurance Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Total, (in millions) Balance at January 1, 2023 $ 236 $ 3 $ 2 $ 18 $ 79 $ 2,775 Capitalization of acquisition costs 4 — 4 1 4 176 Amortization (17) (1) — (2) (8) (240) Balance at December 31, 2023 $ 223 $ 2 $ 6 $ 17 $ 75 $ 2,711 Other broker dealer acquisition costs 2 Balance at December 31, 2023 including broker dealer acquisition costs $ 2,713
Schedule of balances of and changes in DSIC	The following tables summarize the balances of and changes in deferred sales inducement costs (“DSIC”): Variable Annuities Fixed Annuities Total, (in millions) Balance at January 1, 2024 $ 136 $ 12 $ 148 Amortization (3) (1) (4) Balance at March 31, 2024 $ 133 $ 11 $ 144 Variable Annuities Fixed Annuities Total, (in millions) Balance at January 1, 2023 $ 151 $ 16 $ 167 Amortization (15) (4) (19) Balance at December 31, 2023 $ 136 $ 12 $ 148

Policyholder Account Balances_2

Policyholder Account Balances, Future Policy Benefits and Claims (Tables)	3 Months Ended
	Mar. 31, 2024
Policyholder Account Balance [Abstract]
Policyholder account balances, future policy benefits and claims	Policyholder account balances, future policy benefits and claims consisted of the following: March 31, 2024 December 31, 2023 (in millions) Policyholder account balances Policyholder account balances $ 29,229 $ 27,947 Future policy benefits Reserve for future policy benefits 7,619 7,763 Deferred profit liability 87 81 Additional liabilities for insurance guarantees 1,336 1,321 Other insurance and annuity liabilities 191 213 Total future policy benefits 9,233 9,378 Policy claims and other policyholders’ funds 205 220 Total policyholder account balances, future policy benefits and claims $ 38,667 $ 37,545
Balances of and changes in policyholder account balances	The balances of and changes in policyholder account balances were as follows: Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2024 $ 4,173 $ 10,742 $ 5,982 $ 307 $ 444 Contract deposits 10 955 11 — 30 Policy charges (3) — — — — Surrenders and other benefits (181) (74) (244) (4) (28) Net transfer from (to) separate account liabilities (7) — — — — Variable account index-linked adjustments — 704 — — — Interest credited 32 — 52 4 3 Balance at March 31, 2024 $ 4,024 $ 12,327 $ 5,801 $ 307 $ 449 Weighted-average crediting rate 3.3 % 1.8 % 3.6 % 2.0 % N/A Cash surrender value (1) $ 3,999 $ 11,656 $ 5,794 $ 278 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2024 $ 1,474 $ 1,569 $ 2,755 $ 501 $ 27,947 Contract deposits 29 62 46 — 1,143 Policy charges (44) (23) (32) — (102) Surrenders and other benefits (13) (21) (17) (14) (596) Net transfer from (to) separate account liabilities — (19) — — (26) Variable account index-linked adjustments — — — — 704 Interest credited 12 15 37 4 159 Balance at March 31, 2024 $ 1,458 $ 1,583 $ 2,789 $ 491 $ 29,229 Weighted-average crediting rate 3.6 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 8,626 $ 56,939 $ 14,215 $ 139 Cash surrender value (1) $ 1,318 $ 1,072 $ 2,315 $ 319 Variable Annuities Structured Variable Annuities Fixed Annuities Fixed Indexed Annuities Non-Life Contingent Payout Annuities (in millions, except percentages) Balance at January 1, 2023 $ 4,752 $ 6,410 $ 6,799 $ 312 $ 471 Contract deposits 73 3,084 47 — 91 Policy charges (10) — — — — Surrenders and other benefits (759) (156) (1,086) (10) (127) Net transfer from (to) separate account liabilities (25) — — — — Variable account index-linked adjustments — 1,403 — — — Interest credited 142 1 222 5 9 Balance at December 31, 2023 $ 4,173 $ 10,742 $ 5,982 $ 307 $ 444 Weighted-average crediting rate 3.3 % 1.8 % 3.6 % 2.0 % N/A Cash surrender value (1) $ 4,146 $ 10,129 $ 5,974 $ 278 N/A Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,544 $ 1,520 $ 2,654 $ 524 $ 24,986 Contract deposits 123 272 193 1 3,884 Policy charges (176) (94) (121) — (401) Surrenders and other benefits (69) (78) (53) (44) (2,382) Net transfer from (to) separate account liabilities — (107) — — (132) Variable account index-linked adjustments — — — — 1,403 Interest credited 52 56 82 20 589 Balance at December 31, 2023 $ 1,474 $ 1,569 $ 2,755 $ 501 $ 27,947 Weighted-average crediting rate 3.6 % 3.9 % 2.0 % 4.0 % Net amount at risk $ 8,740 $ 57,291 $ 14,407 $ 141 Cash surrender value (1) $ 1,330 $ 1,065 $ 2,271 $ 326 (1) Cash surrender value represents the amount of the contractholder's account balances distributable at the balance sheet date less certain surrender charges. For variable annuities and VUL, the cash surrender value shown is the proportion of the total cash surrender value related to their fixed account liabilities.
Account values by guaranteed minimum interest rates	The following tables present the account values of fixed deferred annuities, fixed insurance, and the fixed portion of variable annuities and variable insurance contracts by range of guaranteed minimum interest rates (“GMIRs”) and the range of the difference between rates credited to policyholders and contractholders as of March 31, 2024 and December 31, 2023 and the respective guaranteed minimums, as well as the percentage of account values subject to rate reset in the time period indicated. Rates are reset at management’s discretion, subject to guaranteed minimums. March 31, 2024 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 36 $ 120 $ 57 $ 16 $ 2 $ 231 2 % – 2.99% 132 — — — — 132 3 % – 3.99% 2,121 3 — 1 — 2,125 4 % – 5.00% 1,480 — — — — 1,480 Total $ 3,769 $ 123 $ 57 $ 17 $ 2 $ 3,968 Fixed accounts of structured variable annuities 1 % – 1.99% $ 1 $ 22 $ 4 $ 2 $ — $ 29 2 % – 2.99% 11 — — — — 11 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 12 $ 22 $ 4 $ 2 $ — $ 40 Fixed annuities 1 % – 1.99% $ 103 $ 343 $ 179 $ 86 $ — $ 711 2 % – 2.99% 31 16 — — — 47 3 % – 3.99% 2,697 — — — — 2,697 4 % – 5.00% 2,331 — — — — 2,331 Total $ 5,162 $ 359 $ 179 $ 86 $ — $ 5,786 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ — $ 2 $ 7 $ 14 $ — $ 23 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ — $ 2 $ 7 $ 14 $ — $ 23 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 50 3 11 — 1 65 3 % – 3.99% 846 1 3 4 — 854 4 % – 5.00% 507 2 — — — 509 Total $ 1,403 $ 6 $ 14 $ 4 $ 1 $ 1,428 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable universal life insurance 1 % – 1.99% $ — $ 1 $ 4 $ — $ 26 $ 31 2 % – 2.99% 12 12 — 1 8 33 3 % – 3.99% 119 2 3 7 — 131 4 % – 5.00% 597 8 — — — 605 Total $ 728 $ 23 $ 7 $ 8 $ 34 $ 800 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 2 $ — $ — $ 2 2 % – 2.99% 127 — — — — 127 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 127 $ — $ 2 $ — $ — $ 129 Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 30 — — — — 30 4 % – 5.00% 288 — — — — 288 Total $ 318 $ — $ — $ — $ — $ 318 Total 1 % – 1.99% $ 140 $ 488 $ 253 $ 118 $ 28 $ 1,027 2 % – 2.99% 363 31 11 1 9 415 3 % – 3.99% 5,813 6 6 12 — 5,837 4 % – 5.00% 5,203 10 — — — 5,213 Total $ 11,519 $ 535 $ 270 $ 131 $ 37 $ 12,492 Percentage of total account values that reset in: Next 12 months 100.0 % 100.0 % 99.5 % 100.0 % 100.0 % 100.0 % > 12 months to 24 months — — 0.4 — — — > 24 months — — 0.1 — — — Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % December 31, 2023 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of variable annuities 1 % – 1.99% $ 43 $ 131 $ 52 $ 15 $ 2 $ 243 2 % – 2.99% 137 1 — — — 138 3 % – 3.99% 2,214 — — 1 — 2,215 4 % – 5.00% 1,514 — — — — 1,514 Total $ 3,908 $ 132 $ 52 $ 16 $ 2 $ 4,110 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Fixed accounts of structured variable annuities 1 % – 1.99% $ 1 $ 18 $ 7 $ 2 $ — $ 28 2 % – 2.99% 11 — — — — 11 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 12 $ 18 $ 7 $ 2 $ — $ 39 Fixed annuities 1 % – 1.99% $ 107 $ 377 $ 183 $ 93 $ — $ 760 2 % – 2.99% 36 14 1 — — 51 3 % – 3.99% 2,816 1 — — — 2,817 4 % – 5.00% 2,339 — — — — 2,339 Total $ 5,298 $ 392 $ 184 $ 93 $ — $ 5,967 Non-indexed accounts of fixed indexed annuities 1 % – 1.99% $ — $ 2 $ 7 $ 13 $ — $ 22 2 % – 2.99% — — — — — — 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ — $ 2 $ 7 $ 13 $ — $ 22 Universal life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% 51 3 9 — — 63 3 % – 3.99% 854 1 4 4 — 863 4 % – 5.00% 518 1 — — — 519 Total $ 1,423 $ 5 $ 13 $ 4 $ — $ 1,445 Fixed accounts of variable universal life insurance 1 % – 1.99% $ — $ 2 $ 4 $ — $ 24 $ 30 2 % – 2.99% 13 12 — 1 8 34 3 % – 3.99% 122 2 3 6 — 133 4 % – 5.00% 607 6 — — — 613 Total $ 742 $ 22 $ 7 $ 7 $ 32 $ 810 Non-indexed accounts of indexed universal life insurance 1 % – 1.99% $ — $ — $ 2 $ — $ — $ 2 2 % – 2.99% 128 — — — — 128 3 % – 3.99% — — — — — — 4 % – 5.00% — — — — — — Total $ 128 $ — $ 2 $ — $ — $ 130 Account Values with Crediting Rates Range of Guaranteed Minimum Crediting Rates At Guaranteed Minimum 1-49 bps above Guaranteed Minimum 50-99 bps above Guaranteed Minimum 100-150 bps above Guaranteed Minimum Greater than 150 bps above Guaranteed Minimum Total (in millions, except percentages) Other life insurance 1 % – 1.99% $ — $ — $ — $ — $ — $ — 2 % – 2.99% — — — — — — 3 % – 3.99% 30 — — — — 30 4 % – 5.00% 295 — — — — 295 Total $ 325 $ — $ — $ — $ — $ 325 Total 1 % – 1.99% $ 151 $ 530 $ 255 $ 123 $ 26 $ 1,085 2 % – 2.99% 376 30 10 1 8 425 3 % – 3.99% 6,036 4 7 11 — 6,058 4 % – 5.00% 5,273 7 — — — 5,280 Total $ 11,836 $ 571 $ 272 $ 135 $ 34 $ 12,848 Percentage of total account values that reset in: Next 12 months 99.9 % 99.5 % 99.3 % 100.0 % 100.0 % 99.9 % > 12 months to 24 months 0.1 0.5 0.6 — — 0.1 > 24 months — — 0.1 — — — Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 % 100.0 %
Balances of and changes in liability for future policy benefits, and Revenue and interest recognized	The following tables summarize the balances of and changes in the liability for future policy benefits: Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2024 $ — $ 703 $ 104 $ 1,146 $ 1,953 Beginning balance at original discount rate — 708 105 1,137 1,950 Effect of changes in cash flow assumptions — — — — — Effect of actual variances from expected experience — (2) (4) (3) (9) Adjusted beginning of year balance $ — $ 706 $ 101 $ 1,134 $ 1,941 Issuances 60 16 2 — 78 Interest accrual — 9 1 14 24 Net premiums collected (60) (18) (2) (37) (117) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 713 $ 102 $ 1,111 $ 1,926 Effect of changes in discount rate assumptions — (18) (3) (6) (27) Balance at March 31, 2024 $ — $ 695 $ 99 $ 1,105 $ 1,899 Present Value of Future Policy Benefits: Balance at January 1, 2024 $ 1,164 $ 1,325 $ 661 $ 6,561 $ 9,711 Beginning balance at original discount rate 1,222 1,291 621 6,507 9,641 Effect of changes in cash flow assumptions — — — — — Effect of actual variances from expected experience (2) (2) (6) (6) (16) Adjusted beginning of year balance $ 1,220 $ 1,289 $ 615 $ 6,501 $ 9,625 Issuances 60 16 2 — 78 Interest accrual 14 18 9 81 122 Benefit payments (39) (34) (10) (104) (187) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,255 $ 1,289 $ 616 $ 6,478 $ 9,638 Effect of changes in discount rate assumptions (75) 6 26 (83) (126) Balance at March 31, 2024 $ 1,180 $ 1,295 $ 642 $ 6,395 $ 9,512 Adjustment due to reserve flooring $ — $ 6 $ — $ — $ 6 Net liability for future policy benefits $ 1,180 $ 606 $ 543 $ 5,290 $ 7,619 Less: reinsurance recoverable 845 428 21 2,675 3,969 Net liability for future policy benefits, after reinsurance recoverable $ 335 $ 178 $ 522 $ 2,615 $ 3,650 Discounted expected future gross premiums $ — $ 1,713 $ 879 $ 1,279 $ 3,871 Expected future gross premiums $ — $ 2,909 $ 1,250 $ 1,740 $ 5,899 Expected future benefit payments $ 1,786 $ 2,163 $ 1,054 $ 10,741 $ 15,744 Weighted average interest accretion rate 4.4 % 6.3 % 6.3 % 5.1 % Weighted average discount rate 5.2 % 5.3 % 5.4 % 5.4 % Weighted average duration of liability (in years) 7 7 8 8 Life Contingent Payout Annuities Term and Whole Life Insurance Disability Income Insurance Long Term Care Insurance Total, (in millions, except percentages) Present Value of Expected Net Premiums: Balance at January 1, 2023 $ — $ 686 $ 134 $ 1,207 $ 2,027 Beginning balance at original discount rate — 708 137 1,220 2,065 Effect of changes in cash flow assumptions — (19) (19) 19 (19) Effect of actual variances from expected experience — (2) (18) (3) (23) Adjusted beginning of year balance $ — $ 687 $ 100 $ 1,236 $ 2,023 Issuances 177 55 12 — 244 Interest accrual 1 36 5 59 101 Net premiums collected (178) (70) (12) (158) (418) Derecognition (lapses) — — — — — Ending balance at original discount rate $ — $ 708 $ 105 $ 1,137 $ 1,950 Effect of changes in discount rate assumptions — (5) (1) 9 3 Balance at December 31, 2023 $ — $ 703 $ 104 $ 1,146 $ 1,953 Present Value of Future Policy Benefits: Balance at January 1, 2023 $ 1,065 $ 1,319 $ 696 $ 6,439 $ 9,519 Beginning balance at original discount rate 1,155 1,313 669 6,569 9,706 Effect of changes in cash flow assumptions — (18) (25) 9 (34) Effect of actual variances from expected experience (10) (1) (29) 5 (35) Adjusted beginning of year balance $ 1,145 $ 1,294 $ 615 $ 6,583 $ 9,637 Issuances 177 56 11 — 244 Interest accrual 50 73 37 329 489 Benefit payments (150) (132) (42) (405) (729) Derecognition (lapses) — — — — — Ending balance at original discount rate $ 1,222 $ 1,291 $ 621 $ 6,507 $ 9,641 Effect of changes in discount rate assumptions (58) 34 40 54 70 Balance at December 31, 2023 $ 1,164 $ 1,325 $ 661 $ 6,561 $ 9,711 Adjustment due to reserve flooring $ — $ 5 $ — $ — $ 5 Net liability for future policy benefits $ 1,164 $ 627 $ 557 $ 5,415 $ 7,763 Less: reinsurance recoverable 880 440 22 2,738 4,080 Net liability for future policy benefits, after reinsurance recoverable $ 284 $ 187 $ 535 $ 2,677 $ 3,683 Discounted expected future gross premiums $ — $ 1,764 $ 904 $ 1,325 $ 3,993 Expected future gross premiums $ — $ 2,938 $ 1,269 $ 1,786 $ 5,993 Expected future benefit payments $ 1,726 $ 2,166 $ 1,068 $ 10,850 $ 15,810 Weighted average interest accretion rate 4.2 % 6.2 % 6.1 % 5.0 % Weighted average discount rate 4.9 % 5.1 % 5.1 % 5.1 % Weighted average duration of liability (in years) 7 7 8 8 The amount of revenue and interest recognized in the Statements of Operations was as follows: Three Months Ended March 31, 2024 Gross Premiums Interest Expense (in millions) Life contingent payout annuities $ 66 $ 14 Term and whole life insurance 42 9 Disability income insurance 30 8 Long term care insurance 44 67 Total $ 182 $ 98 Year Ended December 31, 2023 Gross Premiums Interest Expense (in millions) Life contingent payout annuities $ 196 $ 49 Term and whole life insurance 169 37 Disability income insurance 124 32 Long term care insurance 185 270 Total $ 674 $ 388
Balances of and changes in additional liabilities related to insurance guarantees	The balances of and changes in additional liabilities related to insurance guarantees were as follows: Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2024 $ 1,225 $ 81 $ 15 $ 1,321 Interest accrual 9 1 — 10 Benefit accrual 33 2 1 36 Benefit payments (13) (3) (1) (17) Effect of actual variances from expected experience (3) — — (3) Impact of change in net unrealized (gains) losses on securities (9) — (2) (11) Balance at March 31, 2024 $ 1,242 $ 81 $ 13 $ 1,336 Weighted average interest accretion rate 3.0 % 7.1 % 3.9 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6 Universal Life Insurance Variable Universal Life Insurance Other Life Insurance Total, (in millions, except percentages) Balance at January 1, 2023 $ 1,100 $ 74 $ 12 $ 1,186 Interest accrual 35 5 1 41 Benefit accrual 128 8 2 138 Benefit payments (50) (18) (4) (72) Effect of actual variances from expected experience (13) 11 (2) (4) Impact of change in net unrealized (gains) losses on securities 25 1 6 32 Balance at December 31, 2023 $ 1,225 $ 81 $ 15 $ 1,321 Weighted average interest accretion rate 3.0 % 6.9 % 4.0 % Weighted average discount rate 3.2 % 7.1 % 4.0 % Weighted average duration of reserves (in years) 10 8 6
Changes in unearned revenue	The following tables summarize the balances of and changes in unearned revenue: Universal Life Insurance Variable Universal Life Insurance Indexed Universal Life Insurance Total, (in millions) Balance at January 1, 2024 $ 27 $ 196 $ 266 $ 489 Deferral of revenue — 16 13 29 Amortization — (4) (5) (9) Balance at March 31, 2024 $ 27 $ 208 $ 274 $ 509 Balance at January 1, 2023 $ 27 $ 150 $ 233 $ 410 Deferral of revenue 1 59 52 112 Amortization (1) (13) (19) (33) Balance at December 31, 2023 $ 27 $ 196 $ 266 $ 489

Separate Account Assets and L_2

Separate Account Assets and Liabilities (Tables)	3 Months Ended
Separate Account Assets and Liabilities (Tables)	Mar. 31, 2024
Insurance [Abstract]
Aggregate fair value of separate account assets, by major asset category	Aggregate fair value of separate account assets, by major asset category, consisted of the following: March 31, 2024 December 31, 2023 (in millions) Variable annuities and variable universal life: Mutual funds $ 77,039 $ 74,634 Unitized pooled pension funds: Property/real estate 1,737 1,784 Equity securities 551 553 Debt securities 227 285 Cash and cash equivalents 148 147 Other 51 54 Total $ 79,753 $ 77,457
Balances of and changes in separate account liabilities	The balances of and changes in separate account liabilities were as follows: Variable Annuities Variable Universal Life Unitized Pooled Pension Funds Total (in millions) Balance at January 1, 2024 $ 65,839 $ 8,795 $ 2,823 $ 77,457 Premiums and deposits 193 121 24 338 Policy charges (326) (75) (1) (402) Surrenders and other benefits (1,650) (96) (190) (1,936) Investment return 3,628 605 85 4,318 Net transfer from (to) general account 7 (2) — 5 Other charges — — (27) (27) Balance at March 31, 2024 $ 67,691 $ 9,348 $ 2,714 $ 79,753 Cash surrender value $ 66,167 $ 8,793 $ 2,714 $ 77,674 Variable Annuities Variable Universal Life Unitized Pooled Pension Funds Total (in millions) Balance at January 1, 2023 $ 63,223 $ 7,653 $ 3,086 $ 73,962 Premiums and deposits 835 459 194 1,488 Policy charges (1,343) (292) (7) (1,642) Surrenders and other benefits (5,378) (317) (777) (6,472) Investment return 8,477 1,250 170 9,897 Net transfer from (to) general account 25 42 — 67 Other charges — — 157 157 Balance at December 31, 2023 $ 65,839 $ 8,795 $ 2,823 $ 77,457 Cash surrender value $ 64,280 $ 8,263 $ 2,823 $ 75,366

Market Risk Benefits (Tables)

Market Risk Benefits (Tables)	3 Months Ended
Market Risk Benefits (Tables)	Mar. 31, 2024
Insurance [Abstract]
Balances of and changes in market risk benefits	The following tables summarize the balances of and changes in market risk benefits: Three Months Ended March 31, 2024 2023 (in millions, except age) Balance at beginning of period $ 335 $ 1,103 Issuances 5 4 Interest accrual and time decay (10) (26) Reserve increase from attributed fees collected 184 189 Reserve release for benefit payments and derecognition (4) (9) Effect of changes in interest rates and bond markets (527) 504 Effect of changes in equity markets and subaccount performance (730) (392) Effect of changes in equity index volatility 39 (43) Actual policyholder behavior different from expected behavior 31 7 Effect of changes in the instrument-specific credit risk on market risk benefits 48 (204) Balance at end of period $ (629) $ 1,133 Reconciliation of the gross balances in an asset or liability position: Asset position $ 1,964 $ 990 Liability position (1,335) (2,123) Net asset (liability) position $ 629 $ (1,133) Guaranteed benefit amount in excess of current account balances (net amount at risk): Death benefits $ 578 $ 1,956 Living benefits $ 2,233 $ 2,836 Composite (greater of) $ 2,735 $ 4,596 Weighted average attained age of contractholders 69 68 Changes in unrealized (gains) losses in net income relating to liabilities held at end of period $ (1,202) $ 59 Changes in unrealized (gains) losses in other comprehensive income relating to liabilities held at end of period $ 48 $ (204) Year Ended December 31, 2023 (in millions, except age) Balance at beginning of period $ 1,103 Issuances 17 Interest accrual and time decay (53) Reserve increase from attributed fees collected 788 Reserve release for benefit payments and derecognition (35) Effect of changes in interest rates and bond markets (367) Effect of changes in equity markets and subaccount performance (1,267) Effect of changes in equity index volatility (67) Actual policyholder behavior different from expected behavior 5 Effect of changes in other future expected assumptions 128 Effect of changes in the instrument-specific credit risk on market risk benefits 83 Balance at end of period $ 335 Reconciliation of the gross balances in an asset or liability position: Asset position $ 1,427 Liability position (1,762) Net asset (liability) position $ (335) Guaranteed benefit amount in excess of current account balances (net amount at risk): Death benefits $ 913 Living benefits $ 2,513 Composite (greater of) $ 3,308 Weighted average attained age of contractholders 69 Changes in unrealized (gains) losses in net income relating to liabilities held at end of period $ (1,551) Changes in unrealized (gains) losses in other comprehensive income relating to liabilities held at end of period $ 84
Significant inputs and assumptions used in the fair value measurements	The following tables provide a summary of the significant inputs and assumptions used in the fair value measurements developed by the Company or reasonably available to the Company of market risk benefits: March 31, 2024 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ (629) Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.6% Surrender rate (2) 0.3% – 75.0% 3.6% Market volatility (3) 0.0% – 25.2% 10.5% Nonperformance risk (4) 75 bps 75 bps Mortality rate (5) 0.0% – 41.6% 1.6% December 31, 2023 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ 335 Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.6% Surrender rate (2) 0.3% – 75.0% 3.7% Market volatility (3) 0.0% – 25.2% 10.6% Nonperformance risk (4) 85 bps 85 bps Mortality rate (5) 0.0% – 41.6% 1.6% (1) The utilization of guaranteed withdrawals represents the percentage of contractholders that will begin withdrawing in any given year. The weighted average utilization rate represents the average assumption, weighted based on the benefit base. The calculation excludes policies that have already started taking withdrawals. (2) The weighted average surrender rate represents the average assumption weighted based on the account value of each contract. (3) Market volatility represents the implied volatility of each contractholder’s mix of funds. The weighted average market volatility represents the average volatility across all contracts, weighted by the size of the guaranteed benefit. (4) The nonperformance risk is the spread added to the U.S. Treasury curve. (5) The weighted average mortality rate represents the average assumption weighted based on the account value of each contract. The following tables provide a summary of the significant unobservable inputs used in the fair value measurements developed by the Company or reasonably available to the Company of Level 3 assets and liabilities: March 31, 2024 Fair Value Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 505 Discounted cash flow Yield/spread to U.S. Treasuries (1) 0.9% – 2.3% 1.3% Asset backed securities $ 1 Discounted cash flow Annual short-term default rate (2) 4.0% 4.0% Annual long-term default rate (2) 3.5% 3.5% Discount rate 27.0% 27.0% Constant prepayment rate 12.0% 12.0% Loss recovery 55.0% 55.0% Fixed deferred indexed annuity ceded embedded derivatives $ 54 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Fixed deferred indexed annuity embedded derivatives $ 52 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Nonperformance risk (4) 75 bps 75 bps IUL embedded derivatives $ 888 Discounted cash flow Nonperformance risk (4) 75 bps 75 bps Structured variable annuity embedded derivatives $ 1,620 Discounted cash flow Surrender rate (3) 0.5% – 75.0% 2.6% Nonperformance risk (4) 75 bps 75 bps Contingent consideration liabilities $ 71 Discounted cash flow Discount rate (5) 0.0% – 10.5% 2.9% December 31, 2023 Fair Value Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 469 Discounted cash flow Yield/spread to U.S. Treasuries (1) 1.0% – 2.4% 1.2% Asset backed securities $ 1 Discounted cash flow Annual short-term default rate (2) 3.0% 3.0% Annual long-term default rate (2) 3.5% 3.5% Discount rate 29.0% 29.0% Constant prepayment rate 10.0% 10.0% Loss recovery 63.6% 63.6% Fixed deferred indexed annuity ceded embedded derivatives $ 51 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Fixed deferred indexed annuity embedded derivatives $ 49 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Nonperformance risk (4) 85 bps 85 bps IUL embedded derivatives $ 873 Discounted cash flow Nonperformance risk (4) 85 bps 85 bps Structured variable annuity embedded derivatives $ 1,011 Discounted cash flow Surrender rate (3) 0.5% – 75.0% 2.6% Nonperformance risk (4) 85 bps 85 bps Contingent consideration liabilities $ 76 Discounted cash flow Discount rate (5) 0.0% – 10.5% 2.9% (1) The weighted average for the yield/spread to U.S. Treasuries for corporate debt securities (private placements) is weighted based on the security’s market value as a percentage of the aggregate market value of the securities. (2) The weighted average annual default rates of asset backed securities is weighted based on the security’s market value as a percentage of the aggregate market value of the securities. (3) The weighted average surrender rate represents the average assumption weighted based on the account value of each contract. (4) The nonperformance risk is the spread added to the U.S. Treasury curve. (5) The weighted average discount rate represents the average discount rate across all contingent consideration liabilities, weighted based on the size of the contingent consideration liability.

Debt (Tables)

Debt (Tables)	3 Months Ended
Debt (Tables)	Mar. 31, 2024
Ameriprise Financial
Debt
Schedule of balances and stated interest rates of outstanding debt	The balances and stated interest rates of outstanding debt of Ameriprise Financial were as follows: Outstanding Balance Stated Interest Rate March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 (in millions) Long-term debt: Senior notes due 2024 $ 550 $ 550 3.7 % 3.7 % Senior notes due 2025 500 500 3.0 3.0 Senior notes due 2026 500 500 2.9 2.9 Senior notes due 2028 600 600 5.7 5.7 Senior notes due 2032 500 500 4.5 4.5 Senior notes due 2033 750 750 5.2 5.2 Finance lease liabilities 17 20 N/A N/A Other (1) (19) (21) N/A N/A Total long-term debt 3,398 3,399 Short-term borrowings: Federal Home Loan Bank (“FHLB”) advances 201 201 5.5 % 5.6 % Total $ 3,599 $ 3,600 (1) Includes adjustments for net unamortized discounts, debt issuance costs and other lease obligations. N/A Not Applicable

Fair Values of Assets and Lia_2

Fair Values of Assets and Liabilities (Tables)	3 Months Ended
Fair Values of Assets and Liabilities (Tables)	Mar. 31, 2024
Fair Values of Assets and Liabilities
Summary of significant unobservable inputs used in fair value measurements of Level 3 assets and liabilities	The following tables provide a summary of the significant inputs and assumptions used in the fair value measurements developed by the Company or reasonably available to the Company of market risk benefits: March 31, 2024 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ (629) Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.6% Surrender rate (2) 0.3% – 75.0% 3.6% Market volatility (3) 0.0% – 25.2% 10.5% Nonperformance risk (4) 75 bps 75 bps Mortality rate (5) 0.0% – 41.6% 1.6% December 31, 2023 Fair Value Valuation Technique Significant Inputs and Assumptions Range Weighted (in millions) Market risk benefits $ 335 Discounted cash flow Utilization of guaranteed withdrawals (1) 0.0% – 48.0% 11.6% Surrender rate (2) 0.3% – 75.0% 3.7% Market volatility (3) 0.0% – 25.2% 10.6% Nonperformance risk (4) 85 bps 85 bps Mortality rate (5) 0.0% – 41.6% 1.6% (1) The utilization of guaranteed withdrawals represents the percentage of contractholders that will begin withdrawing in any given year. The weighted average utilization rate represents the average assumption, weighted based on the benefit base. The calculation excludes policies that have already started taking withdrawals. (2) The weighted average surrender rate represents the average assumption weighted based on the account value of each contract. (3) Market volatility represents the implied volatility of each contractholder’s mix of funds. The weighted average market volatility represents the average volatility across all contracts, weighted by the size of the guaranteed benefit. (4) The nonperformance risk is the spread added to the U.S. Treasury curve. (5) The weighted average mortality rate represents the average assumption weighted based on the account value of each contract. The following tables provide a summary of the significant unobservable inputs used in the fair value measurements developed by the Company or reasonably available to the Company of Level 3 assets and liabilities: March 31, 2024 Fair Value Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 505 Discounted cash flow Yield/spread to U.S. Treasuries (1) 0.9% – 2.3% 1.3% Asset backed securities $ 1 Discounted cash flow Annual short-term default rate (2) 4.0% 4.0% Annual long-term default rate (2) 3.5% 3.5% Discount rate 27.0% 27.0% Constant prepayment rate 12.0% 12.0% Loss recovery 55.0% 55.0% Fixed deferred indexed annuity ceded embedded derivatives $ 54 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Fixed deferred indexed annuity embedded derivatives $ 52 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Nonperformance risk (4) 75 bps 75 bps IUL embedded derivatives $ 888 Discounted cash flow Nonperformance risk (4) 75 bps 75 bps Structured variable annuity embedded derivatives $ 1,620 Discounted cash flow Surrender rate (3) 0.5% – 75.0% 2.6% Nonperformance risk (4) 75 bps 75 bps Contingent consideration liabilities $ 71 Discounted cash flow Discount rate (5) 0.0% – 10.5% 2.9% December 31, 2023 Fair Value Valuation Technique Unobservable Input Range Weighted Average (in millions) Corporate debt securities (private placements) $ 469 Discounted cash flow Yield/spread to U.S. Treasuries (1) 1.0% – 2.4% 1.2% Asset backed securities $ 1 Discounted cash flow Annual short-term default rate (2) 3.0% 3.0% Annual long-term default rate (2) 3.5% 3.5% Discount rate 29.0% 29.0% Constant prepayment rate 10.0% 10.0% Loss recovery 63.6% 63.6% Fixed deferred indexed annuity ceded embedded derivatives $ 51 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Fixed deferred indexed annuity embedded derivatives $ 49 Discounted cash flow Surrender rate (3) 0.0% – 66.8% 1.4% Nonperformance risk (4) 85 bps 85 bps IUL embedded derivatives $ 873 Discounted cash flow Nonperformance risk (4) 85 bps 85 bps Structured variable annuity embedded derivatives $ 1,011 Discounted cash flow Surrender rate (3) 0.5% – 75.0% 2.6% Nonperformance risk (4) 85 bps 85 bps Contingent consideration liabilities $ 76 Discounted cash flow Discount rate (5) 0.0% – 10.5% 2.9% (1) The weighted average for the yield/spread to U.S. Treasuries for corporate debt securities (private placements) is weighted based on the security’s market value as a percentage of the aggregate market value of the securities. (2) The weighted average annual default rates of asset backed securities is weighted based on the security’s market value as a percentage of the aggregate market value of the securities. (3) The weighted average surrender rate represents the average assumption weighted based on the account value of each contract. (4) The nonperformance risk is the spread added to the U.S. Treasury curve. (5) The weighted average discount rate represents the average discount rate across all contingent consideration liabilities, weighted based on the size of the contingent consideration liability.
Schedule of carrying value and estimated fair value of financial instruments not reported at fair value	The following tables provide the carrying value and the estimated fair value of financial instruments that are not reported at fair value: March 31, 2024 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial Assets Mortgage loans, net $ 2,155 $ — $ 308 $ 1,699 $ 2,007 Policy loans 926 — 926 — 926 Receivables 9,415 281 1,583 6,368 8,232 Restricted and segregated cash 814 814 — — 814 Other investments and assets 332 — 282 51 333 Financial Liabilities Policyholder account balances, future policy benefits and claims $ 17,404 $ — $ — $ 14,938 $ 14,938 Investment certificate reserves 13,202 — — 13,152 13,152 Banking and brokerage deposits 23,806 23,806 — — 23,806 Separate account liabilities — investment contracts 3,069 — 3,069 — 3,069 Debt and other liabilities 3,912 309 3,572 4 3,885 December 31, 2023 Carrying Value Fair Value Level 1 Level 2 Level 3 Total (in millions) Financial Assets Mortgage loans, net $ 2,118 $ — $ 280 $ 1,692 $ 1,972 Policy loans 912 — 912 — 912 Receivables 9,453 146 1,621 6,577 8,344 Restricted and segregated cash 936 936 — — 936 Other investments and assets 338 — 283 55 338 Financial Liabilities Policyholder account balances, future policy benefits and claims $ 16,641 $ — $ — $ 14,243 $ 14,243 Investment certificate reserves 13,461 — — 13,420 13,420 Banking and brokerage deposits 23,886 23,886 — — 23,886 Separate account liabilities — investment contracts 3,155 — 3,155 — 3,155 Debt and other liabilities 3,769 166 3,610 5 3,781
Ameriprise Financial
Fair Values of Assets and Liabilities
Schedule of balances of assets and liabilities measured at fair value on a recurring basis	The following tables present the balances of assets and liabilities of Ameriprise Financial measured at fair value on a recurring basis (See Note 4 for the balances of assets and liabilities for consolidated investment entities): March 31, 2024 Level 1 Level 2 Level 3 Total (in millions) Assets Cash equivalents $ 740 $ 3,800 $ — $ 4,540 Available-for-Sale securities: Corporate debt securities — 12,349 505 12,854 Residential mortgage backed securities — 21,417 25 21,442 Commercial mortgage backed securities — 6,023 — 6,023 Asset backed securities — 8,155 1 8,156 State and municipal obligations — 758 — 758 U.S. government and agency obligations 2,982 — — 2,982 Foreign government bonds and obligations — 18 — 18 Other securities — 13 — 13 Total Available-for-Sale securities 2,982 48,733 531 52,246 Investments at net asset value (“NAV”) 10 (1) Trading and other securities 292 23 — 315 Separate account assets at NAV 79,753 (1) Investments and cash equivalents segregated for regulatory purposes 777 — — 777 Market risk benefits — — 1,964 1,964 (2) Receivables: Fixed deferred indexed annuity ceded embedded derivatives — — 54 54 Other assets: Interest rate derivative contracts — 189 — 189 Equity derivative contracts 92 6,731 — 6,823 Foreign exchange derivative contracts — 25 — 25 Total other assets 92 6,945 — 7,037 Total assets at fair value $ 4,883 $ 59,501 $ 2,549 $ 146,696 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives $ — $ 4 $ 52 $ 56 IUL embedded derivatives — — 888 888 Structured variable annuity embedded derivatives — — 1,620 1,620 Total policyholder account balances, future policy benefits and claims — 4 2,560 2,564 (3) Market risk benefits — — 1,335 1,335 (2) Customer deposits — 9 — 9 Other liabilities: Interest rate derivative contracts — 347 — 347 Equity derivative contracts 147 4,445 — 4,592 Credit derivative contracts — 16 — 16 Foreign exchange derivative contracts — 4 — 4 Other 283 4 71 358 Total other liabilities 430 4,816 71 5,317 Total liabilities at fair value $ 430 $ 4,829 $ 3,966 $ 9,225 December 31, 2023 Level 1 Level 2 Level 3 Total (in millions) Assets Cash equivalents $ 704 $ 4,325 $ — $ 5,029 Available-for-Sale securities: Corporate debt securities — 12,107 469 12,576 Residential mortgage backed securities — 21,066 — 21,066 Commercial mortgage backed securities — 6,050 — 6,050 Asset backed securities — 8,318 1 8,319 State and municipal obligations — 760 — 760 U.S. government and agency obligations 2,740 — — 2,740 Foreign government bonds and obligations — 18 — 18 Other securities — 33 — 33 Total Available-for-Sale securities 2,740 48,352 470 51,562 Investments at NAV 10 (1) Trading and other securities 265 25 — 290 Separate account assets at NAV 77,457 (1) Investments and cash equivalents segregated for regulatory purposes 699 — — 699 Market risk benefits — — 1,427 1,427 (2) Receivables: Fixed deferred indexed annuity ceded embedded derivatives — — 51 51 Other assets: Interest rate derivative contracts 1 184 — 185 Equity derivative contracts 66 4,968 — 5,034 Credit derivative contracts — 4 — 4 Foreign exchange derivative contracts 1 21 — 22 Total other assets 68 5,177 — 5,245 Total assets at fair value $ 4,476 $ 57,879 $ 1,948 $ 141,770 Liabilities Policyholder account balances, future policy benefits and claims: Fixed deferred indexed annuity embedded derivatives $ — $ 3 $ 49 $ 52 IUL embedded derivatives — — 873 873 Structured variable annuity embedded derivatives — — 1,011 1,011 Total policyholder account balances, future policy benefits and claims — 3 1,933 1,936 (4) Market risk benefits — — 1,762 1,762 (2) Customer deposits — 9 — 9 Other liabilities: Interest rate derivative contracts 1 304 — 305 Equity derivative contracts 96 3,368 — 3,464 Credit derivative contracts — 107 — 107 Foreign exchange derivative contracts 1 6 — 7 Other 259 3 76 338 Total other liabilities 357 3,788 76 4,221 Total liabilities at fair value $ 357 $ 3,800 $ 3,771 $ 7,928 (1) Amounts are comprised of financial instruments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient and have not been classified in the fair value hierarchy. (2) See Note 10 for additional information related to market risk benefits, including the balances of and changes in market risk benefits as well as the significant inputs and assumptions used in the fair value measurements of market risk benefits. (3) The Company’s adjustment for nonperformance risk resulted in a $197 million cumulative decrease to the embedded derivatives as of March 31, 2024. (4) The Company’s adjustment for nonperformance risk resulted in a $195 million cumulative decrease to the embedded derivatives as of December 31, 2023.
Summary of changes in Level 3 assets measured at fair value on a recurring basis	The following tables provide a summary of changes in Level 3 assets and liabilities of Ameriprise Financial measured at fair value on a recurring basis: Available-for-Sale Securities Receivables Corporate Debt Securities Residential Mortgage Backed Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2024 $ 469 $ — $ 1 $ 470 $ 51 Total gains (losses) included in: Net income — — — — (1) 4 Other comprehensive income (loss) (3) — — (3) — Purchases 52 25 — 77 — Settlements (13) — — (13) (1) Balance at March 31, 2024 $ 505 $ 25 $ 1 $ 531 $ 54 Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at March 31, 2024 $ (3) $ — $ — $ (3) $ — Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2024 $ 49 $ 873 $ 1,011 $ 1,933 $ 76 Total (gains) losses included in: Net income 4 (2) 42 (2) 628 (3) 674 — (4) Issues — 6 37 43 3 Settlements (1) (33) (56) (90) (8) Balance at March 31, 2024 $ 52 $ 888 $ 1,620 $ 2,560 $ 71 Changes in unrealized (gains) losses in net income relating to liabilities held at March 31, 2024 $ — $ 42 (2) $ 628 (3) $ 670 $ — Available-for-Sale Securities Receivables Corporate Debt Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2023 $ 405 $ 6 $ 411 $ 48 Total gains (losses) included in: Other comprehensive income (loss) 8 — 8 — Purchases 55 — 55 — Settlements (28) (1) (29) — Balance at March 31, 2023 $ 440 $ 5 $ 445 $ 48 Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at March 31, 2023 $ 8 $ — $ 8 $ — Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2023 $ 44 $ 739 $ (137) (5) $ 646 $ 62 Total (gains) losses included in: Net income 1 (2) 38 (2) 263 (3) 302 — (4) Other comprehensive income (loss) — — — — 1 Issues — 24 12 36 14 Settlements (1) (30) 4 (27) (7) Balance at March 31, 2023 $ 44 $ 771 $ 142 $ 957 $ 70 Changes in unrealized (gains) losses in net income relating to liabilities held at March 31, 2023 $ — $ 38 (2) $ 263 (3) $ 301 $ — (1) Included in Net investment income. (2) Included in Interest credited to fixed accounts. (3) Included in Benefits, claims, losses and settlement expenses. (4) Included in General and administrative expense. (5) The fair value of the structured variable annuity embedded derivatives was a net asset as of January 1, 2023 and the amount is presented as a contra liability.
Summary of changes in Level 3 liabilities measured at fair value on a recurring basis	The following tables provide a summary of changes in Level 3 assets and liabilities of Ameriprise Financial measured at fair value on a recurring basis: Available-for-Sale Securities Receivables Corporate Debt Securities Residential Mortgage Backed Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2024 $ 469 $ — $ 1 $ 470 $ 51 Total gains (losses) included in: Net income — — — — (1) 4 Other comprehensive income (loss) (3) — — (3) — Purchases 52 25 — 77 — Settlements (13) — — (13) (1) Balance at March 31, 2024 $ 505 $ 25 $ 1 $ 531 $ 54 Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at March 31, 2024 $ (3) $ — $ — $ (3) $ — Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2024 $ 49 $ 873 $ 1,011 $ 1,933 $ 76 Total (gains) losses included in: Net income 4 (2) 42 (2) 628 (3) 674 — (4) Issues — 6 37 43 3 Settlements (1) (33) (56) (90) (8) Balance at March 31, 2024 $ 52 $ 888 $ 1,620 $ 2,560 $ 71 Changes in unrealized (gains) losses in net income relating to liabilities held at March 31, 2024 $ — $ 42 (2) $ 628 (3) $ 670 $ — Available-for-Sale Securities Receivables Corporate Debt Securities Asset Backed Securities Total Fixed Deferred Indexed Annuity Ceded Embedded Derivatives (in millions) Balance at January 1, 2023 $ 405 $ 6 $ 411 $ 48 Total gains (losses) included in: Other comprehensive income (loss) 8 — 8 — Purchases 55 — 55 — Settlements (28) (1) (29) — Balance at March 31, 2023 $ 440 $ 5 $ 445 $ 48 Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at March 31, 2023 $ 8 $ — $ 8 $ — Policyholder Account Balances, Future Policy Benefits and Claims Other Liabilities Fixed Deferred Indexed Annuity Embedded Derivatives IUL Embedded Derivatives Structured Variable Annuity Embedded Derivatives Total (in millions) Balance at January 1, 2023 $ 44 $ 739 $ (137) (5) $ 646 $ 62 Total (gains) losses included in: Net income 1 (2) 38 (2) 263 (3) 302 — (4) Other comprehensive income (loss) — — — — 1 Issues — 24 12 36 14 Settlements (1) (30) 4 (27) (7) Balance at March 31, 2023 $ 44 $ 771 $ 142 $ 957 $ 70 Changes in unrealized (gains) losses in net income relating to liabilities held at March 31, 2023 $ — $ 38 (2) $ 263 (3) $ 301 $ — (1) Included in Net investment income. (2) Included in Interest credited to fixed accounts. (3) Included in Benefits, claims, losses and settlement expenses. (4) Included in General and administrative expense. (5) The fair value of the structured variable annuity embedded derivatives was a net asset as of January 1, 2023 and the amount is presented as a contra liability.

Offsetting Assets and Liabili_2

Offsetting Assets and Liabilities (Tables)	3 Months Ended
Offsetting Assets and Liabilities (Tables)	Mar. 31, 2024
Offsetting [Abstract]
Schedule of gross and net information about assets subject to master netting arrangements	The following tables present the gross and net information about the Company’s assets subject to master netting arrangements: March 31, 2024 Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Amounts of Assets Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 6,985 $ — $ 6,985 $ (4,833) $ (1,591) $ (487) $ 74 OTC cleared 5 — 5 (4) — — 1 Exchange-traded 47 — 47 (7) — — 40 Total derivatives 7,037 — 7,037 (4,844) (1,591) (487) 115 Securities borrowed 281 — 281 (27) — (249) 5 Total $ 7,318 $ — $ 7,318 $ (4,871) $ (1,591) $ (736) $ 120 December 31, 2023 Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheets Amounts of Assets Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 5,197 $ — $ 5,197 $ (3,707) $ (1,114) $ (357) $ 19 OTC cleared 9 — 9 (9) — — — Exchange-traded 39 — 39 (18) — — 21 Total derivatives 5,245 — 5,245 (3,734) (1,114) (357) 40 Securities borrowed 146 — 146 (32) — (111) 3 Total $ 5,391 $ — $ 5,391 $ (3,766) $ (1,114) $ (468) $ 43 (1) Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets.
Schedule of gross and net information about liabilities subject to master netting arrangements	The following tables present the gross and net information about the Company’s liabilities subject to master netting arrangements: March 31, 2024 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Amounts of Liabilities Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 4,944 $ — $ 4,944 $ (4,833) $ — $ (106) $ 5 OTC cleared 8 — 8 (4) — — 4 Exchange-traded 7 — 7 (7) — — — Total derivatives 4,959 — 4,959 (4,844) — (106) 9 Securities loaned 309 — 309 (27) — (275) 7 Total $ 5,268 $ — $ 5,268 $ (4,871) $ — $ (381) $ 16 December 31, 2023 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Amounts of Liabilities Presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Net Amount Financial Instruments (1) Cash Collateral Securities Collateral (in millions) Derivatives: OTC $ 3,829 $ — $ 3,829 $ (3,707) $ (36) $ (78) $ 8 OTC cleared 35 — 35 (9) — — 26 Exchange-traded 19 — 19 (18) — — 1 Total derivatives 3,883 — 3,883 (3,734) (36) (78) 35 Securities loaned 163 — 163 (32) — (126) 5 Total $ 4,046 $ — $ 4,046 $ (3,766) $ (36) $ (204) $ 40 (1) Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets.

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	3 Months Ended
Derivatives and Hedging Activities (Tables)	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional value and gross fair value of derivative instruments, including embedded derivatives	Generally, the Company uses derivatives as economic hedges and accounting hedges. The following table presents the notional value and gross fair value of derivative instruments, including embedded derivatives: March 31, 2024 December 31, 2023 Notional Gross Fair Value Notional Gross Fair Value Assets (1) Liabilities (2) Assets (1) Liabilities (2) (in millions) Derivatives designated as hedging instruments Foreign exchange contracts – net investment hedges $ — $ — $ — $ 61 $ — $ 3 Total qualifying hedges — — — 61 — 3 Derivatives not designated as hedging instruments Interest rate contracts 42,005 189 347 42,523 185 305 Equity contracts 90,473 6,823 4,592 83,080 5,034 3,464 Credit contracts 3,119 — 16 3,436 4 107 Foreign exchange contracts 3,257 25 4 3,262 22 4 Total non-designated hedges 138,854 7,037 4,959 132,301 5,245 3,880 Embedded derivatives IUL N/A — 888 N/A — 873 Fixed deferred indexed annuities and deposit receivables N/A 54 56 N/A 51 52 Structured variable annuities (3) N/A — 1,620 N/A — 1,011 SMC N/A — 9 N/A — 9 Total embedded derivatives N/A 54 2,573 N/A 51 1,945 Total derivatives $ 138,854 $ 7,091 $ 7,532 $ 132,362 $ 5,296 $ 5,828 N/A Not applicable. (1) The fair value of freestanding derivative assets is included in Other assets and the fair value of ceded embedded derivative assets related to deposit receivables is included in Receivables. (2) The fair value of freestanding derivative liabilities is included in Other liabilities. The fair value of IUL, fixed deferred indexed annuity and structured variable annuity embedded derivatives is included in Policyholder account balances, future policy benefits and claims. The fair value of the SMC embedded derivative liability is included in Customer deposits. (3) The fair value of the structured variable annuity embedded derivatives as of March 31, 2024 included $1.6 billion of individual contracts in a liability position and $1 million of individual contracts in an asset position. The fair value of the structured variable annuity embedded derivatives as of December 31, 2023 included $1.0 billion of individual contracts in a liability position and $15 million of individual contracts in an asset position.
Summary of impact of derivatives not designated as hedging instruments, including embedded derivatives	The following table presents a summary of the impact of derivatives not designated as hedging instruments, including embedded derivatives, on the Consolidated Statements of Operations: Net Investment Income Banking and Deposit Interest Expense Distribution Expenses Interest Credited to Fixed Accounts Benefits, Claims, Losses and Settlement Expenses Change in Fair Value of Market Risk Benefits General and Administrative Expense (in millions) Three Months Ended March 31, 2024 Interest rate contracts $ — $ — $ — $ — $ (8) $ (533) $ — Equity contracts (2) 1 66 32 598 (559) 6 Credit contracts — — (1) — — 65 — Foreign exchange contracts — — — — — 34 (3) IUL embedded derivatives — — — (9) — — — Fixed deferred indexed annuity and deposit receivables embedded derivatives — — — (1) — — — Structured variable annuity embedded derivatives — — — — (628) — — SMC embedded derivatives — (1) — — — — — Total gain (loss) $ (2) $ — $ 65 $ 22 $ (38) $ (993) $ 3 Three Months Ended March 31, 2023 Interest rate contracts $ — $ — $ — $ — $ 6 $ 247 $ — Equity contracts (1) 1 43 19 164 (462) 3 Credit contracts — — 1 — — (33) — Foreign exchange contracts — — — — — (8) 3 IUL embedded derivatives — — — (8) — — — Fixed deferred indexed annuity and deposit receivables embedded derivatives — — — (1) — — — Structured variable annuity embedded derivatives — — — — (263) — — SMC embedded derivatives — (2) — — — — — Total gain (loss) $ (1) $ (1) $ 44 $ 10 $ (93) $ (256) $ 6
Summary of payments to make and receive for options	The following is a summary of the payments the Company is scheduled to make and receive for these options as of March 31, 2024: Premiums Payable Premiums Receivable (in millions) 2024 (1) $ 98 $ 7 2025 120 20 2026 246 88 2027 20 — 2028 30 — 2029 - 2031 368 — Total $ 882 $ 115 (1) 2024 amounts represent the amounts payable and receivable for the period from April 1, 2024 to December 31, 2024.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
Shareholders' Equity (Tables)	Mar. 31, 2024
Stockholders' Equity Note [Abstract]
Schedule of amounts related to each component of OCI	The following table presents the amounts related to each component of OCI: Three Months Ended March 31, 2024 2023 Pretax Income Tax Benefit (Expense) Net of Tax Pretax Income Tax Benefit (Expense) Net of Tax (in millions) Net unrealized gains (losses) on securities: Net unrealized gains (losses) on securities arising during the period (1) $ (236) $ 52 $ (184) $ 566 $ (124) $ 442 Reclassification of net (gains) losses on securities included in net income (2) — — — (3) 1 (2) Impact of benefit reserves and reinsurance recoverables 8 (2) 6 (12) 2 (10) Net unrealized gains (losses) on securities (228) 50 (178) 551 (121) 430 Net unrealized gains (losses) on derivatives: Net unrealized gains (losses) on derivatives arising during the period — — — 3 (1) 2 Net unrealized gains (losses) on derivatives — — — 3 (1) 2 Effect of changes in discount rate assumptions on certain long-duration contracts 88 (19) 69 (83) 18 (65) Effect of changes in instrument-specific credit risk on MRBs (48) 11 (37) 204 (43) 161 Foreign currency translation (18) — (18) 42 (9) 33 Total other comprehensive income (loss) $ (206) $ 42 $ (164) $ 717 $ (156) $ 561 (1) Includes impairments on Available-for-Sale securities related to factors other than credit that were recognized in OCI during the period. (2) Reclassification amounts are recorded in Net investment income.
Schedule of changes in the balances of each component of AOCI	The following table presents the changes in the balances of each component of AOCI, net of tax: Net Unrealized Gains (Losses) Net Unrealized Gains (Losses) Effect of Changes in Discount Rate Assumptions on Certain Long-Duration Contracts Effect of Changes in Instrument-Specific Credit Risk on MRBs Defined Foreign Currency Translation Other Total (in millions) Balance at January 1, 2024 $ (1,241) $ 5 $ (126) $ (85) $ (60) $ (258) $ (1) $ (1,766) OCI before reclassifications (178) — 69 (37) — (18) — (164) Total OCI (178) — 69 (37) — (18) — (164) Balance at March 31, 2024 $ (1,419) $ 5 $ (57) $ (122) $ (60) $ (276) $ (1) $ (1,930) Balance at January 1, 2023 $ (2,043) $ 3 $ (72) $ (20) $ (75) $ (338) $ (1) $ (2,546) OCI before reclassifications 432 2 (65) 161 — 33 — 563 Amounts reclassified from AOCI (2) — — — — — — (2) Total OCI 430 2 (65) 161 — 33 — 561 Balance at March 31, 2023 $ (1,613) $ 5 $ (137) $ 141 $ (75) $ (305) $ (1) $ (1,985)

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
Earnings per Share (Tables)	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of computations of basic and diluted earnings per share	The computations of basic and diluted earnings per share were as follows: Three Months Ended March 31, 2024 2023 (in millions, except per share amounts) Numerator: Net income $ 990 $ 417 Denominator: Basic: Weighted-average common shares outstanding 102.8 107.9 Effect of potentially dilutive nonqualified stock options and other share-based awards 1.8 2.1 Diluted: Weighted-average common shares outstanding 104.6 110.0 Earnings per share: Basic $ 9.63 $ 3.86 Diluted $ 9.46 $ 3.79

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Mar. 31, 2024
Segment Reporting [Abstract]
Summary of selected financial information by segment and reconciliation to consolidated	The following tables summarize selected financial information by segment and reconcile segment totals to those reported on the consolidated financial statements: March 31, 2024 December 31, 2023 (in millions) Advice & Wealth Management $ 42,937 $ 42,983 Asset Management 7,045 7,288 Retirement & Protection Solutions 113,392 108,451 Corporate & Other 16,457 16,469 Total assets $ 179,831 $ 175,191 Three Months Ended March 31, 2024 2023 (in millions) Adjusted operating net revenues: Advice & Wealth Management $ 2,560 $ 2,265 Asset Management 855 799 Retirement & Protection Solutions 912 824 Corporate & Other 121 126 Elimination of segment revenues (1) (348) (316) Total segment adjusted operating net revenues 4,100 3,698 Adjustments: Net realized investment gains (losses) — 3 Market impact on non-traditional long-duration products 2 — Revenue attributable to consolidated investment entities 44 41 Total net revenues per consolidated statements of operations $ 4,146 $ 3,742 (1) Represents the elimination of intersegment revenues recognized for the three months ended March 31, 2024 and 2023 in each segment as follows: Advice & Wealth Management ($225 million and $201 million, respectively); Asset Management ($24 million and $17 million, respectively); Retirement & Protection Solutions ($106 million and $102 million, respectively); and Corporate & Other ($(7) million and $(4) million, respectively). Three Months Ended March 31, 2024 2023 (in millions) Adjusted operating earnings: Advice & Wealth Management $ 762 $ 693 Asset Management 206 165 Retirement & Protection Solutions 199 194 Corporate & Other (89) (74) Total segment adjusted operating earnings 1,078 978 Adjustments: Net realized investment gains (losses) — 3 Market impact on non-traditional long-duration products 140 (475) Integration/restructuring charges — (10) Net income (loss) attributable to consolidated investment entities 1 — Pretax income per consolidated statements of operations $ 1,219 $ 496

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregated Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue disaggregated by segment
Total revenues	$ 4,325	$ 3,845
Banking and deposit interest expense	(179)	(103)
Total net revenues	4,146	3,742
Management and financial advice fees
Revenue disaggregated by segment
Revenue from contracts with customers	2,399	2,137
Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers	506	517
Reportable segments
Revenue disaggregated by segment
Revenue from contracts with customers	3,104	2,830
Revenue from other sources	1,531	1,291
Total revenues	4,635	4,121
Banking and deposit interest expense	(187)	(107)
Total net revenues	4,448	4,014
Reportable segments \| Management and financial advice fees
Revenue disaggregated by segment
Revenue from contracts with customers	2,262	2,004
Reportable segments \| Asset Management: Retail
Revenue disaggregated by segment
Revenue from contracts with customers	530	491
Reportable segments \| Asset Management: Institutional
Revenue disaggregated by segment
Revenue from contracts with customers	159	152
Reportable segments \| Advisory fees
Revenue disaggregated by segment
Revenue from contracts with customers	1,303	1,109
Reportable segments \| Financial planning fees
Revenue disaggregated by segment
Revenue from contracts with customers	112	101
Reportable segments \| Transaction and other fees
Revenue disaggregated by segment
Revenue from contracts with customers	158	151
Reportable segments \| Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers	777	763
Reportable segments \| Mutual funds
Revenue disaggregated by segment
Revenue from contracts with customers	252	227
Reportable segments \| Insurance and annuity
Revenue disaggregated by segment
Revenue from contracts with customers	370	329
Reportable segments \| Off-balance sheet brokerage cash
Revenue disaggregated by segment
Revenue from contracts with customers	50	126
Reportable segments \| Other products
Revenue disaggregated by segment
Revenue from contracts with customers	105	81
Reportable segments \| Other revenues
Revenue disaggregated by segment
Revenue from contracts with customers	65	63
Reportable segments \| Advice & Wealth Management
Revenue disaggregated by segment
Revenue from contracts with customers	2,167	1,950
Revenue from other sources	572	418
Total revenues	2,739	2,368
Banking and deposit interest expense	(179)	(103)
Total net revenues	2,560	2,265
Reportable segments \| Advice & Wealth Management \| Management and financial advice fees
Revenue disaggregated by segment
Revenue from contracts with customers	1,509	1,299
Reportable segments \| Advice & Wealth Management \| Asset Management: Retail
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Advice & Wealth Management \| Asset Management: Institutional
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Advice & Wealth Management \| Advisory fees
Revenue disaggregated by segment
Revenue from contracts with customers	1,303	1,109
Reportable segments \| Advice & Wealth Management \| Financial planning fees
Revenue disaggregated by segment
Revenue from contracts with customers	112	101
Reportable segments \| Advice & Wealth Management \| Transaction and other fees
Revenue disaggregated by segment
Revenue from contracts with customers	94	89
Reportable segments \| Advice & Wealth Management \| Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers	598	593
Reportable segments \| Advice & Wealth Management \| Mutual funds
Revenue disaggregated by segment
Revenue from contracts with customers	196	175
Reportable segments \| Advice & Wealth Management \| Insurance and annuity
Revenue disaggregated by segment
Revenue from contracts with customers	247	211
Reportable segments \| Advice & Wealth Management \| Off-balance sheet brokerage cash
Revenue disaggregated by segment
Revenue from contracts with customers	50	126
Reportable segments \| Advice & Wealth Management \| Other products
Revenue disaggregated by segment
Revenue from contracts with customers	105	81
Reportable segments \| Advice & Wealth Management \| Other revenues
Revenue disaggregated by segment
Revenue from contracts with customers	60	58
Reportable segments \| Asset Management
Revenue disaggregated by segment
Revenue from contracts with customers	839	786
Revenue from other sources	16	13
Total revenues	855	799
Banking and deposit interest expense	0	0
Total net revenues	855	799
Reportable segments \| Asset Management \| Management and financial advice fees
Revenue disaggregated by segment
Revenue from contracts with customers	739	691
Reportable segments \| Asset Management \| Asset Management: Retail
Revenue disaggregated by segment
Revenue from contracts with customers	530	491
Reportable segments \| Asset Management \| Asset Management: Institutional
Revenue disaggregated by segment
Revenue from contracts with customers	159	152
Reportable segments \| Asset Management \| Advisory fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Asset Management \| Financial planning fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Asset Management \| Transaction and other fees
Revenue disaggregated by segment
Revenue from contracts with customers	50	48
Reportable segments \| Asset Management \| Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers	95	90
Reportable segments \| Asset Management \| Mutual funds
Revenue disaggregated by segment
Revenue from contracts with customers	56	52
Reportable segments \| Asset Management \| Insurance and annuity
Revenue disaggregated by segment
Revenue from contracts with customers	39	38
Reportable segments \| Asset Management \| Off-balance sheet brokerage cash
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Asset Management \| Other products
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Asset Management \| Other revenues
Revenue disaggregated by segment
Revenue from contracts with customers	5	5
Reportable segments \| Retirement & Protection Solutions
Revenue disaggregated by segment
Revenue from contracts with customers	98	94
Revenue from other sources	814	730
Total revenues	912	824
Banking and deposit interest expense	0	0
Total net revenues	912	824
Reportable segments \| Retirement & Protection Solutions \| Management and financial advice fees
Revenue disaggregated by segment
Revenue from contracts with customers	14	14
Reportable segments \| Retirement & Protection Solutions \| Asset Management: Retail
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Retirement & Protection Solutions \| Asset Management: Institutional
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Retirement & Protection Solutions \| Advisory fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Retirement & Protection Solutions \| Financial planning fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Retirement & Protection Solutions \| Transaction and other fees
Revenue disaggregated by segment
Revenue from contracts with customers	14	14
Reportable segments \| Retirement & Protection Solutions \| Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers	84	80
Reportable segments \| Retirement & Protection Solutions \| Mutual funds
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Retirement & Protection Solutions \| Insurance and annuity
Revenue disaggregated by segment
Revenue from contracts with customers	84	80
Reportable segments \| Retirement & Protection Solutions \| Off-balance sheet brokerage cash
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Retirement & Protection Solutions \| Other products
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Retirement & Protection Solutions \| Other revenues
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Corporate & Other
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Revenue from other sources	129	130
Total revenues	129	130
Banking and deposit interest expense	(8)	(4)
Total net revenues	121	126
Reportable segments \| Corporate & Other \| Management and financial advice fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Corporate & Other \| Asset Management: Retail
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Corporate & Other \| Asset Management: Institutional
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Corporate & Other \| Advisory fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Corporate & Other \| Financial planning fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Corporate & Other \| Transaction and other fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Corporate & Other \| Distribution fees
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Corporate & Other \| Mutual funds
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Corporate & Other \| Insurance and annuity
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Corporate & Other \| Off-balance sheet brokerage cash
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Corporate & Other \| Other products
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Reportable segments \| Corporate & Other \| Other revenues
Revenue disaggregated by segment
Revenue from contracts with customers	0	0
Non-operating
Revenue disaggregated by segment
Revenue from other sources	49	47
Total revenues	49	47
Total net revenues	49	47
Operating segments and non-operating
Revenue disaggregated by segment
Revenue from other sources	1,580	1,338
Total revenues	4,684	4,168
Total net revenues	4,497	4,061
Intersegment eliminations
Revenue disaggregated by segment
Total net revenues	(348)	(316)
Intersegment eliminations \| Advice & Wealth Management
Revenue disaggregated by segment
Total net revenues	(225)	(201)
Intersegment eliminations \| Asset Management
Revenue disaggregated by segment
Total net revenues	(24)	(17)
Intersegment eliminations \| Retirement & Protection Solutions
Revenue disaggregated by segment
Total net revenues	(106)	(102)
Intersegment eliminations \| Corporate & Other
Revenue disaggregated by segment
Total net revenues	7	4
Segment reconciling items
Revenue disaggregated by segment
Total net revenues	(3)	(3)
Eliminations and reconciling items
Revenue disaggregated by segment
Total net revenues	(351)	(319)
Operating segments excluding intersegment elimination
Revenue disaggregated by segment
Total net revenues	4,100	3,698
Operating segments excluding intersegment elimination \| Advice & Wealth Management
Revenue disaggregated by segment
Total net revenues	2,335	2,064
Operating segments excluding intersegment elimination \| Asset Management
Revenue disaggregated by segment
Total net revenues	831	782
Operating segments excluding intersegment elimination \| Retirement & Protection Solutions
Revenue disaggregated by segment
Total net revenues	806	722
Operating segments excluding intersegment elimination \| Corporate & Other
Revenue disaggregated by segment
Total net revenues	128	130
Corporate and reconciling items
Revenue disaggregated by segment
Total net revenues	$ 46	$ 44

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Revenue disaggregated by segment
Receivables for revenue from contracts with customers	$ 552	$ 537
Financial planning fees \| Other liabilities
Revenue disaggregated by segment
Contract liabilities	167	168
Financial planning fees \| Other assets
Revenue disaggregated by segment
Capitalized contract costs	133	135
Custodial service fees \| Other liabilities
Revenue disaggregated by segment
Contract liabilities	39	0
Management and financial advice fees \| European-based asset management business of BMO Financial Group
Revenue disaggregated by segment
Capitalized contract costs	$ 23	$ 25

Variable Interest Entities - In

Variable Interest Entities - Investment Entities Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
VIEs, not primary beneficiary
Variable interest entities
Obligation to provide financial or other support to VIEs	$ 0
VIEs, not primary beneficiary \| Property Funds, Non-U.S. Series Funds, Hedge Funds and other Private Funds, and Affordable Housing Partnerships and Other Real Estate Partnerships
Variable interest entities
Maximum loss exposure	180	$ 168
Other investments	180	168
Consolidated investment entities \| Unfunded commitments
Variable interest entities
Loans	$ 24	$ 24

Variable Interest Entities - Fa

Variable Interest Entities - Fair Value of Assets and Liabilities (Details) - Consolidated investment entities - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Liabilities
Debt	$ 2,119	$ 2,155
Recurring basis
Assets
Investments	2,028	2,099
Receivables	25	28
Other assets		1
Total assets at fair value	2,053	2,128
Liabilities
Debt	2,119	2,155
Other liabilities	56	45
Total liabilities at fair value	2,175	2,200
Recurring basis \| Corporate debt securities
Assets
Investments	38	40
Recurring basis \| Common stocks
Assets
Investments	6	5
Recurring basis \| Syndicated loans
Assets
Investments	1,984	2,054
Recurring basis \| Level 1
Assets
Investments	0	0
Receivables	0	0
Other assets		0
Total assets at fair value	0	0
Liabilities
Debt	0	0
Other liabilities	0	0
Total liabilities at fair value	0	0
Recurring basis \| Level 1 \| Corporate debt securities
Assets
Investments	0	0
Recurring basis \| Level 1 \| Common stocks
Assets
Investments	0	0
Recurring basis \| Level 1 \| Syndicated loans
Assets
Investments	0	0
Recurring basis \| Level 2
Assets
Investments	1,962	2,036
Receivables	25	28
Other assets		1
Total assets at fair value	1,987	2,065
Liabilities
Debt	2,119	2,155
Other liabilities	56	45
Total liabilities at fair value	2,175	2,200
Recurring basis \| Level 2 \| Corporate debt securities
Assets
Investments	38	40
Recurring basis \| Level 2 \| Common stocks
Assets
Investments	5	5
Recurring basis \| Level 2 \| Syndicated loans
Assets
Investments	1,919	1,991
Recurring basis \| Level 3
Assets
Investments	66	63
Receivables	0	0
Other assets		0
Total assets at fair value	66	63
Liabilities
Debt	0	0
Other liabilities	0	0
Total liabilities at fair value	0	0
Recurring basis \| Level 3 \| Corporate debt securities
Assets
Investments	0	0
Recurring basis \| Level 3 \| Common stocks
Assets
Investments	1	0
Recurring basis \| Level 3 \| Syndicated loans
Assets
Investments	65	63
CLOs
Liabilities
Debt	$ 2,100	$ 2,100

Variable Interest Entities - Ch

Variable Interest Entities - Changes in Level 3 Assets (Details) - Consolidated investment entities - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Common stocks
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	$ 0
Total gains (losses) included in Net income	0
Purchases	0
Transfers into Level 3	1
Transfers out of Level 3	0
Balance, ending	1
Changes in unrealized gains (losses) included in net income relating to assets held at end of period	0
Syndicated loans
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	63	$ 125
Total gains (losses) included in Net income	(2)	(1)
Purchases	37	17
Sales		(7)
Settlements		(15)
Transfers into Level 3	15	21
Transfers out of Level 3	(48)	(90)
Balance, ending	65	50
Changes in unrealized gains (losses) included in net income relating to assets held at end of period	$ (3)	0
Other assets
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning		1
Total gains (losses) included in Net income		0
Purchases		0
Sales		0
Settlements		0
Transfers into Level 3		0
Transfers out of Level 3		(1)
Balance, ending		0
Changes in unrealized gains (losses) included in net income relating to assets held at end of period		$ 0

Variable Interest Entities - _2

Variable Interest Entities - Fair Value Option (Details) - Consolidated investment entities - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Loans
Unpaid principal balance	$ 2,076	$ 2,190
Excess unpaid principal over fair value	(92)	(136)
Fair value	1,984	2,054
Fair value of loans more than 90 days past due	4	0
Fair value of loans in nonaccrual status	6	13
Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both	17	40
Debt
Unpaid principal balance	2,302	2,362
Excess unpaid principal over fair value	(183)	(207)
Carrying value	2,119	2,155
CLOs
Debt
Carrying value	$ 2,100	$ 2,100

Variable Interest Entities - De

Variable Interest Entities - Debt and Stated Interest Rates (Details) - Consolidated investment entities - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Debt
Carrying value	$ 2,119	$ 2,155
Weighted average interest rate	6.60%	6.60%
Minimum
Debt
Interest rates	0%
Maximum
Debt
Interest rates	14.80%

Investments - Summary (Details)

Investments - Summary (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Summary of investments
Allowance for credit losses	$ 60	$ 63	$ 59	$ 59
Ameriprise Financial
Summary of investments
Available-for-Sale securities, at fair value	52,246	51,562
Mortgage loans (allowance for credit losses: 2024, $14; 2023, $14)	2,155	2,118
Policy loans	926	912
Other investments (allowance for credit losses: 2024, $6; 2023, $6)	922	897
Total	56,249	55,489
Ameriprise Financial \| Mortgage loans
Summary of investments
Allowance for credit losses	14	14
Ameriprise Financial \| Other investments
Summary of investments
Allowance for credit losses	$ 6	$ 6

Investments - Summary of Net In

Investments - Summary of Net Investment Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Summary of Net investment income
Net investment income	$ 901	$ 698
Ameriprise Financial
Summary of Net investment income
Investment income on fixed maturities	754	571
Net realized gains (losses)	1	4
Other	101	81
Consolidated investment entities
Summary of Net investment income
Net investment income	$ 45	$ 42

Investments - Available-for-Sal

Investments - Available-for-Sale Securities by Type (Details) - Ameriprise Financial - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Investments
Amortized Cost	$ 53,968	$ 53,048
Gross Unrealized Gains	465	615
Gross Unrealized Losses	(2,185)	(2,099)
Allowance for Credit Losses	(2)	(2)	$ (25)	$ (22)
Fair Value	52,246	51,562
Accrued interest excluded from amortized cost basis	330	319
Corporate debt securities
Investments
Amortized Cost	13,154	12,675
Gross Unrealized Gains	291	409
Gross Unrealized Losses	(590)	(507)
Allowance for Credit Losses	(1)	(1)	(23)	(20)
Fair Value	12,854	12,576
Residential mortgage backed securities
Investments
Amortized Cost	22,585	22,130
Gross Unrealized Gains	77	107
Gross Unrealized Losses	(1,220)	(1,171)
Allowance for Credit Losses	0	0
Fair Value	21,442	21,066
Commercial mortgage backed securities
Investments
Amortized Cost	6,312	6,380
Gross Unrealized Gains	14	11
Gross Unrealized Losses	(303)	(341)
Allowance for Credit Losses	0	0
Fair Value	6,023	6,050
Asset backed securities
Investments
Amortized Cost	8,177	8,353
Gross Unrealized Gains	31	25
Gross Unrealized Losses	(52)	(59)
Allowance for Credit Losses	0	0
Fair Value	8,156	8,319
State and municipal obligations
Investments
Amortized Cost	726	719
Gross Unrealized Gains	52	62
Gross Unrealized Losses	(19)	(20)
Allowance for Credit Losses	(1)	(1)	$ (2)	$ (2)
Fair Value	758	760
U.S. government and agencies obligations
Investments
Amortized Cost	2,982	2,739
Gross Unrealized Gains	0	1
Gross Unrealized Losses	0	0
Allowance for Credit Losses	0	0
Fair Value	2,982	2,740
Foreign government bonds and obligations
Investments
Amortized Cost	19	19
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1)	(1)
Allowance for Credit Losses	0	0
Fair Value	18	18
Other securities
Investments
Amortized Cost	13	33
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Allowance for Credit Losses	0	0
Fair Value	$ 13	$ 33

Investments - Summary of Fixed

Investments - Summary of Fixed Maturity Securities by Rating (Details) - Ameriprise Financial - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Investments
Fixed maturity securities rated internally	$ 420	$ 282
Amortized Cost	53,968	53,048
Fair Value	52,246	51,562
AAA
Investments
Amortized Cost	26,371	25,235
Fair Value	25,540	24,342
AA
Investments
Amortized Cost	13,406	14,013
Fair Value	12,830	13,534
A
Investments
Amortized Cost	3,305	3,073
Fair Value	3,326	3,139
BBB
Investments
Amortized Cost	10,583	10,396
Fair Value	10,252	10,216
Below investment grade
Investments
Amortized Cost	303	331
Fair Value	298	331
CLOs \| Below investment grade
Investments
Amortized Cost	1	1
Fair Value	$ 1	$ 1
Total investments \| Credit concentration risk
Investments
Risk concentration, percentage	93%	93%
Fixed maturity securities \| Credit concentration risk
Investments
Percentage of total	100%	100%
Fixed maturity securities \| Credit concentration risk \| AAA
Investments
Percentage of total	49%	47%
Fixed maturity securities \| Credit concentration risk \| AA
Investments
Percentage of total	24%	26%
Fixed maturity securities \| Credit concentration risk \| A
Investments
Percentage of total	6%	6%
Fixed maturity securities \| Credit concentration risk \| BBB
Investments
Percentage of total	20%	20%
Fixed maturity securities \| Credit concentration risk \| Below investment grade
Investments
Percentage of total	1%	1%
Fixed maturity securities \| Credit concentration risk \| GNMA, FNMA and FHLMC mortgage backed securities. \| AA
Investments
Risk concentration, percentage	85%	83%
Total equity \| Investment Concentration Risk
Investments
Holdings of single issuer greater than 10% of equity	$ 0	$ 0

Investments - Available-for Sal

Investments - Available-for Sale Securities in Continuous Unrealized Loss Position (Details) - Ameriprise Financial $ in Millions	Mar. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($) security
Number of securities
Less than 12 months \| security	363	275
12 months or more \| security	1,527	1,556
Total \| security	1,890	1,831
Fair Value
Less than 12 months	$ 8,553	$ 6,944
12 months or more	21,472	22,956
Total	30,025	29,900
Unrealized Losses
Less than 12 months	(58)	(48)
12 months or more	(2,127)	(2,051)
Total	$ (2,185)	$ (2,099)
Available-for-Sale Securities with gross unrealized losses considered investment grade (as a percent)	97%	96%
Corporate debt securities
Number of securities
Less than 12 months \| security	176	97
12 months or more \| security	367	376
Total \| security	543	473
Fair Value
Less than 12 months	$ 2,371	$ 1,276
12 months or more	5,179	5,197
Total	7,550	6,473
Unrealized Losses
Less than 12 months	(25)	(11)
12 months or more	(565)	(496)
Total	$ (590)	$ (507)
Residential mortgage backed securities
Number of securities
Less than 12 months \| security	110	82
12 months or more \| security	742	734
Total \| security	852	816
Fair Value
Less than 12 months	$ 3,747	$ 3,052
12 months or more	10,772	10,677
Total	14,519	13,729
Unrealized Losses
Less than 12 months	(31)	(25)
12 months or more	(1,189)	(1,146)
Total	$ (1,220)	$ (1,171)
Commercial mortgage backed securities
Number of securities
Less than 12 months \| security	10	31
12 months or more \| security	283	277
Total \| security	293	308
Fair Value
Less than 12 months	$ 163	$ 747
12 months or more	4,370	4,092
Total	4,533	4,839
Unrealized Losses
Less than 12 months	0	(9)
12 months or more	(303)	(332)
Total	$ (303)	$ (341)
Asset backed securities
Number of securities
Less than 12 months \| security	44	49
12 months or more \| security	80	116
Total \| security	124	165
Fair Value
Less than 12 months	$ 919	$ 885
12 months or more	987	2,840
Total	1,906	3,725
Unrealized Losses
Less than 12 months	(2)	(2)
12 months or more	(50)	(57)
Total	$ (52)	$ (59)
State and municipal obligations
Number of securities
Less than 12 months \| security	6	5
12 months or more \| security	51	49
Total \| security	57	54
Fair Value
Less than 12 months	$ 17	$ 29
12 months or more	152	138
Total	169	167
Unrealized Losses
Less than 12 months	0	(1)
12 months or more	(19)	(19)
Total	$ (19)	$ (20)
U.S. government and agencies obligations
Number of securities
Less than 12 months \| security	14	11
12 months or more \| security	1	1
Total \| security	15	12
Fair Value
Less than 12 months	$ 1,318	$ 955
12 months or more	0	0
Total	1,318	955
Unrealized Losses
Less than 12 months	0	0
12 months or more	0	0
Total	$ 0	$ 0
Foreign government bonds and obligations
Number of securities
Less than 12 months \| security	2	0
12 months or more \| security	3	3
Total \| security	5	3
Fair Value
Less than 12 months	$ 5	$ 0
12 months or more	12	12
Total	17	12
Unrealized Losses
Less than 12 months	0	0
12 months or more	(1)	(1)
Total	$ (1)	$ (1)
Other securities
Number of securities
Less than 12 months \| security	1
12 months or more \| security	0
Total \| security	1
Fair Value
Less than 12 months	$ 13
12 months or more	0
Total	13
Unrealized Losses
Less than 12 months	0
12 months or more	0
Total	$ 0

Investments - Rollforward of Al

Investments - Rollforward of Allowance for Credit Losses (Details) - Ameriprise Financial - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Rollforward of Available-for-Sale securities allowance for credit losses
Beginning Balance	$ 2	$ 22
Additional increases (decreases) on securities that had an allowance recorded in a previous period	0	3
Ending Balance	2	25
Corporate debt securities
Rollforward of Available-for-Sale securities allowance for credit losses
Beginning Balance	1	20
Additional increases (decreases) on securities that had an allowance recorded in a previous period	0	3
Ending Balance	1	23
State and municipal obligations
Rollforward of Available-for-Sale securities allowance for credit losses
Beginning Balance	1	2
Additional increases (decreases) on securities that had an allowance recorded in a previous period	0	0
Ending Balance	$ 1	$ 2

Investments - Net Realized Gain

Investments - Net Realized Gains and Losses on Available-for-Sale Securities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Investments
Total	$ 1
Realized gains or losses on Available-for-Sale securities (less than)	1
Ameriprise Financial
Investments
Gross realized investment gains	0	$ 10
Gross realized investment losses	0	(2)
Credit reversals (losses)	0	(3)
Other impairments	0	(2)
Total	0	3
Realized gains or losses on Available-for-Sale securities (less than)	$ 0	$ 3

Investments - Available-for-S_2

Investments - Available-for-Sale Securities by Contractual Maturity (Details) - Ameriprise Financial - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Amortized cost
Due within one year	$ 4,561
Due after one year through five years	2,468
Due after five years through 10 years	4,611
Due after 10 years	5,254
Total having single maturity dates	16,894
Amortized Cost	53,968	$ 53,048
Fair value
Due within one year	4,551
Due after one year through five years	2,412
Due after five years through 10 years	4,289
Due after 10 years	5,373
Total having single maturity dates	16,625
Fair Value	52,246	51,562
Residential mortgage backed securities
Amortized cost
Without single maturity dates	22,585
Amortized Cost	22,585	22,130
Fair value
Without single maturity dates	21,442
Fair Value	21,442	21,066
Commercial mortgage backed securities
Amortized cost
Without single maturity dates	6,312
Amortized Cost	6,312	6,380
Fair value
Without single maturity dates	6,023
Fair Value	6,023	6,050
Asset backed securities
Amortized cost
Without single maturity dates	8,177
Amortized Cost	8,177	8,353
Fair value
Without single maturity dates	8,156
Fair Value	$ 8,156	$ 8,319

Financing Receivables - Allowan

Financing Receivables - Allowance for Credit Losses (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Rollforward of allowance for credit losses
Beginning balance	$ 63	$ 59
Provisions	(1)	1
Charge-offs	(2)	(1)
Ending balance	60	59
Commercial Loans
Rollforward of allowance for credit losses
Beginning balance	54	54
Provisions	(2)	(1)
Charge-offs	(1)	(1)
Ending balance	51	52
Commercial Loans \| Receivables
Financing receivables
Accrued interest on loans	19		$ 19
Consumer Loans
Rollforward of allowance for credit losses
Beginning balance	9	5
Provisions	1	2
Charge-offs	(1)	0
Ending balance	$ 9	$ 7

Financing Receivables - Purchas

Financing Receivables - Purchases, Sales and Nonperforming (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Nonperforming
Financing Receivables
Loans	$ 12		$ 12
Deteriorated credit quality
Financing Receivables
Loans purchased	0
Commercial Loans \| Syndicated loans
Financing Receivables
Loans purchased	0	$ 1
Loans sold	0	1
Loans	138		145
Consumer Loans \| Residential mortgage loans
Financing Receivables
Loans purchased	36	$ 43
Loans	$ 332		$ 300

Financing Receivables - General

Financing Receivables - General Credit Quality Information - Commercial Mortgage Loans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Commercial Loans \| Commercial mortgage loans
Financing Receivables
Loans	$ 1,837	$ 1,832
Commercial Loans \| Commercial mortgage loans \| Past due
Financing Receivables
Loans	$ 0	$ 0
Total commercial mortgage loans \| Credit concentration risk \| Commercial Loans \| Commercial mortgage loans
Financing Receivables
Percentage of total	100%	100%
Total commercial mortgage loans \| Credit concentration risk \| Highest credit risk rating
Financing Receivables
Percentage of total	1%	1%

Financing Receivables - Credit

Financing Receivables - Credit Quality - Commercial Mortgage Loans by LTV Ratio and Year of Origination (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Amortized cost basis by year of origination and loan-to-value ratio
Loan write-offs	$ 2	$ 1
Commercial Loans
Amortized cost basis by year of origination and loan-to-value ratio
Loan write-offs	1	$ 1
Commercial Loans \| Commercial mortgage loans
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	31		$ 77
Year 2	77		110
Year 3	109		188
Year 4	187		109
Year 5	108		203
Prior	1,325		1,145
Total	1,837		1,832
Loan write-offs	0
Commercial Loans \| Commercial mortgage loans \| Greater than 100 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	0		0
Year 2	0		0
Year 3	0		0
Year 4	0		0
Year 5	0		2
Prior	24		22
Total	24		24
Commercial Loans \| Commercial mortgage loans \| 80 to 100 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	0		0
Year 2	0		5
Year 3	5		0
Year 4	0		2
Year 5	0		11
Prior	60		50
Total	65		68
Commercial Loans \| Commercial mortgage loans \| 60 to 80 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	28		59
Year 2	59		26
Year 3	26		6
Year 4	6		14
Year 5	15		40
Prior	129		106
Total	263		251
Commercial Loans \| Commercial mortgage loans \| 40 to 60 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	3		8
Year 2	8		47
Year 3	46		133
Year 4	133		53
Year 5	42		70
Prior	386		348
Total	618		659
Commercial Loans \| Commercial mortgage loans \| Less than 40 Percent
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	0		10
Year 2	10		32
Year 3	32		49
Year 4	48		40
Year 5	51		80
Prior	726		619
Total	$ 867		$ 830

Financing Receivables - Credi_2

Financing Receivables - Credit Quality - Commercial Mortgage Loans by Region (Details) - Commercial Loans - Commercial mortgage loans - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Financing receivables - credit quality information
Loans	$ 1,837	$ 1,832
East North Central
Financing receivables - credit quality information
Loans	191	189
East South Central
Financing receivables - credit quality information
Loans	47	52
Middle Atlantic
Financing receivables - credit quality information
Loans	113	112
Mountain
Financing receivables - credit quality information
Loans	146	138
New England
Financing receivables - credit quality information
Loans	27	28
Pacific
Financing receivables - credit quality information
Loans	619	624
South Atlantic
Financing receivables - credit quality information
Loans	466	465
West North Central
Financing receivables - credit quality information
Loans	107	109
West South Central
Financing receivables - credit quality information
Loans	$ 121	$ 115
Total commercial mortgage loans \| Credit concentration risk
Financing receivables - credit quality information
Percentage of total	100%	100%
Total commercial mortgage loans \| Credit concentration risk \| East North Central
Financing receivables - credit quality information
Percentage of total	10%	10%
Total commercial mortgage loans \| Credit concentration risk \| East South Central
Financing receivables - credit quality information
Percentage of total	3%	3%
Total commercial mortgage loans \| Credit concentration risk \| Middle Atlantic
Financing receivables - credit quality information
Percentage of total	6%	6%
Total commercial mortgage loans \| Credit concentration risk \| Mountain
Financing receivables - credit quality information
Percentage of total	8%	8%
Total commercial mortgage loans \| Credit concentration risk \| New England
Financing receivables - credit quality information
Percentage of total	1%	2%
Total commercial mortgage loans \| Credit concentration risk \| Pacific
Financing receivables - credit quality information
Percentage of total	34%	34%
Total commercial mortgage loans \| Credit concentration risk \| South Atlantic
Financing receivables - credit quality information
Percentage of total	25%	25%
Total commercial mortgage loans \| Credit concentration risk \| West North Central
Financing receivables - credit quality information
Percentage of total	6%	6%
Total commercial mortgage loans \| Credit concentration risk \| West South Central
Financing receivables - credit quality information
Percentage of total	7%	6%

Financing Receivables - Credi_3

Financing Receivables - Credit Quality - Commercial Mortgage Loans by Property Type (Details) - Commercial Loans - Commercial mortgage loans - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Concentrations of credit risk by property type
Loans	$ 1,837	$ 1,832
Apartments
Concentrations of credit risk by property type
Loans	483	485
Hotel
Concentrations of credit risk by property type
Loans	19	13
Industrial
Concentrations of credit risk by property type
Loans	313	317
Mixed use
Concentrations of credit risk by property type
Loans	64	64
Office
Concentrations of credit risk by property type
Loans	233	241
Retail
Concentrations of credit risk by property type
Loans	573	561
Other
Concentrations of credit risk by property type
Loans	$ 152	$ 151
Total commercial mortgage loans \| Credit concentration risk
Concentrations of credit risk by property type
Percentage of total	100%	100%
Total commercial mortgage loans \| Credit concentration risk \| Apartments
Concentrations of credit risk by property type
Percentage of total	26%	26%
Total commercial mortgage loans \| Credit concentration risk \| Hotel
Concentrations of credit risk by property type
Percentage of total	1%	1%
Total commercial mortgage loans \| Credit concentration risk \| Industrial
Concentrations of credit risk by property type
Percentage of total	17%	17%
Total commercial mortgage loans \| Credit concentration risk \| Mixed use
Concentrations of credit risk by property type
Percentage of total	4%	4%
Total commercial mortgage loans \| Credit concentration risk \| Office
Concentrations of credit risk by property type
Percentage of total	13%	13%
Total commercial mortgage loans \| Credit concentration risk \| Retail
Concentrations of credit risk by property type
Percentage of total	31%	31%
Total commercial mortgage loans \| Credit concentration risk \| Other
Concentrations of credit risk by property type
Percentage of total	8%	8%

Financing Receivables - Credi_4

Financing Receivables - Credit Quality Information - Syndicated Loans (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Financing receivables - credit quality information
Loan write-offs	$ 2,000,000	$ 1,000,000
Commercial Loans
Financing receivables - credit quality information
Loan write-offs	1,000,000	$ 1,000,000
Commercial Loans \| Syndicated loans
Financing receivables - credit quality information
Recorded investment	138,000,000		$ 145,000,000
Loan write-offs	0
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	17,000,000		42,000,000
Year 2	36,000,000		9,000,000
Year 3	3,000,000		44,000,000
Year 4	37,000,000		11,000,000
Year 5	9,000,000		25,000,000
Prior	36,000,000		14,000,000
Total	138,000,000		145,000,000
Commercial Loans \| Syndicated loans \| Risk 5
Financing receivables - credit quality information
Recorded investment	0		1,000,000
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	0		0
Year 2	0		1,000,000
Year 3	0		0
Year 4	0		0
Year 5	0		0
Prior	0		0
Total	0		1,000,000
Commercial Loans \| Syndicated loans \| Risk 4
Financing receivables - credit quality information
Recorded investment	3,000,000		3,000,000
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	0		0
Year 2	0		0
Year 3	0		0
Year 4	0		1,000,000
Year 5	1,000,000		2,000,000
Prior	2,000,000		0
Total	3,000,000		3,000,000
Commercial Loans \| Syndicated loans \| Risk 3
Financing receivables - credit quality information
Recorded investment	26,000,000		28,000,000
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	0		2,000,000
Year 2	2,000,000		0
Year 3	0		12,000,000
Year 4	12,000,000		2,000,000
Year 5	2,000,000		2,000,000
Prior	10,000,000		10,000,000
Total	26,000,000		28,000,000
Commercial Loans \| Syndicated loans \| Risk 2
Financing receivables - credit quality information
Recorded investment	61,000,000		64,000,000
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	12,000,000		26,000,000
Year 2	20,000,000		3,000,000
Year 3	1,000,000		17,000,000
Year 4	13,000,000		5,000,000
Year 5	3,000,000		11,000,000
Prior	12,000,000		2,000,000
Total	61,000,000		64,000,000
Commercial Loans \| Syndicated loans \| Risk 1
Financing receivables - credit quality information
Recorded investment	48,000,000		49,000,000
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	5,000,000		14,000,000
Year 2	14,000,000		5,000,000
Year 3	2,000,000		15,000,000
Year 4	12,000,000		3,000,000
Year 5	3,000,000		10,000,000
Prior	12,000,000		2,000,000
Total	48,000,000		49,000,000
Commercial Loans \| Syndicated loans \| Past due
Financing receivables - credit quality information
Recorded investment	0		0
Amortized cost basis by year of origination and loan-to-value ratio
Total	$ 0		$ 0

Financing Receivables - Credi_5

Financing Receivables - Credit Quality Information - Financial Advisor Loans (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Financing receivables - credit quality information
Allowance for credit losses	$ 60,000,000	$ 59,000,000	$ 63,000,000	$ 59,000,000
Loan write-offs	2,000,000	1,000,000
Commercial Loans
Financing receivables - credit quality information
Allowance for credit losses	51,000,000	52,000,000	54,000,000	$ 54,000,000
Loan write-offs	1,000,000	$ 1,000,000
Commercial Loans \| Loans to financial advisors
Financing receivables - credit quality information
Loan write-offs	0
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	120,000,000		395,000,000
Year 2	386,000,000		312,000,000
Year 3	300,000,000		152,000,000
Year 4	145,000,000		108,000,000
Year 5	102,000,000		83,000,000
Prior	222,000,000		161,000,000
Total	1,275,000,000		1,211,000,000
Commercial Loans \| Loans to financial advisors \| Active
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	120,000,000		395,000,000
Year 2	386,000,000		310,000,000
Year 3	299,000,000		151,000,000
Year 4	144,000,000		107,000,000
Year 5	99,000,000		79,000,000
Prior	215,000,000		157,000,000
Total	1,263,000,000		1,199,000,000
Commercial Loans \| Loans to financial advisors \| Terminated
Financing receivables - credit quality information
Allowance for credit losses	7,000,000		7,000,000
Amortized cost basis by year of origination and loan-to-value ratio
Year 1	0		0
Year 2	0		2,000,000
Year 3	1,000,000		1,000,000
Year 4	1,000,000		1,000,000
Year 5	3,000,000		4,000,000
Prior	7,000,000		4,000,000
Total	$ 12,000,000		$ 12,000,000

Financing Receivables - Residen

Financing Receivables - Residential Mortgage Loans (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Financing receivables - credit quality information
Loan write-offs	$ 2	$ 1
Consumer Loans
Financing receivables - credit quality information
Loan write-offs	1	$ 0
Consumer Loans \| Residential mortgage loans
Financing receivables - credit quality information
Loans	332		$ 300
Loan write-offs	0
Year 1	27		184
Year 2	191		73
Year 3	72		29
Year 4	29		14
Year 5	13
Total	332		300
Consumer Loans \| Residential mortgage loans \| Past due
Financing receivables - credit quality information
Loans	3		2
Total	3		2
FICO Score, Greater than 810 \| Consumer Loans \| Residential mortgage loans
Financing receivables - credit quality information
Loans	16		14
Year 1	0		9
Year 2	10		3
Year 3	3		2
Year 4	2		0
Year 5	1
Total	16		14
FICO Score, 780-809 \| Consumer Loans \| Residential mortgage loans
Financing receivables - credit quality information
Loans	121		108
Year 1	14		65
Year 2	64		29
Year 3	29		8
Year 4	8		6
Year 5	6
Total	121		108
FICO Score, 740-779 \| Consumer Loans \| Residential mortgage loans
Financing receivables - credit quality information
Loans	132		120
Year 1	8		80
Year 2	85		26
Year 3	26		8
Year 4	8		6
Year 5	5
Total	132		120
FICO Score 720 to 739 \| Consumer Loans \| Residential mortgage loans
Financing receivables - credit quality information
Loans	29		26
Year 1	3		15
Year 2	16		6
Year 3	6		4
Year 4	4		1
Year 5	0
Total	29		26
FICO Score 700 to 719 \| Consumer Loans \| Residential mortgage loans
Financing receivables - credit quality information
Loans	18		18
Year 1	0		8
Year 2	8		5
Year 3	5		4
Year 4	4		1
Year 5	1
Total	18		18
FICO Score Less Than 699 \| Consumer Loans \| Residential mortgage loans
Financing receivables - credit quality information
Loans	16		14
Year 1	2		7
Year 2	8		4
Year 3	3		3
Year 4	3		0
Year 5	0
Total	$ 16		$ 14

Financing Receivables - Resid_2

Financing Receivables - Residential Mortgage Loans by Region (Details) - Consumer Loans - Residential mortgage loans - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Financing receivables - credit quality information
Loans	$ 332	$ 300
Total residential mortgage loans \| Credit concentration risk
Financing receivables - credit quality information
Percentage of total	100%	100%
Minnesota
Financing receivables - credit quality information
Loans	$ 200	$ 178
Minnesota \| Total residential mortgage loans \| Credit concentration risk
Financing receivables - credit quality information
Percentage of total	60%	59%
Other U.S. States
Financing receivables - credit quality information
Loans	$ 132	$ 122
Other U.S. States \| Total residential mortgage loans \| Credit concentration risk
Financing receivables - credit quality information
Percentage of total	40%	41%

Financing Receivables - Credi_6

Financing Receivables - Credit Quality Information - Credit Card Receivables (Details) - Consumer Loans - Credit card receivables - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Financing receivables - credit quality information
Percentage of receivables past due	2%	2%
Loans	$ 113	$ 117
FICO Score, Greater than 800
Financing receivables - credit quality information
Loans	30	32
FICO Score, 750-799
Financing receivables - credit quality information
Loans	26	28
FICO Score, 700-749
Financing receivables - credit quality information
Loans	30	30
FICO Score. 650 to 699
Financing receivables - credit quality information
Loans	19	19
FICO Score, Less than 650
Financing receivables - credit quality information
Loans	$ 8	$ 8

Financing Receivables - Credi_7

Financing Receivables - Credit Quality Information - Other Loans and Deposit Receivable - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Financing Receivables
Allowance for credit losses	$ 60	$ 63	$ 59	$ 59
Receivable
Reinsurance deposit receivable	6,300	6,500
Deposit Receivables
Financing Receivables
Allowance for credit losses	0	0
Consumer Loans
Financing Receivables
Allowance for credit losses	9	9	$ 7	$ 5
Consumer Loans \| Policy Loans
Financing Receivables
Allowance for credit losses	0	0
Consumer Loans \| Margin Loans
Financing Receivables
Allowance for credit losses	0	0
Loans	1,000	1,100
Consumer Loans \| Pledged Asset Lines of Credit
Financing Receivables
Allowance for credit losses	0	0
Lines of credit balance	$ 563	$ 537

Financing Receivables - Loan Mo

Financing Receivables - Loan Modifications (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Loan Modifications
Modifications of financing receivables	$ 0	$ 0

Deferred Acquisition Costs an_3

Deferred Acquisition Costs and Deferred Sales Inducement Costs - Deferred Acquisition Costs (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Balances of and changes in DAC
Beginning balance	$ 2,713
Ending balance	2,701	$ 2,713
Variable Annuities
Balances of and changes in DAC
Beginning balance	1,496	1,598
Capitalization of acquisition costs	6	23
Amortization	(30)	(125)
Ending balance	1,472	1,496
Structured Variable Annuities
Balances of and changes in DAC
Beginning balance	208	149
Capitalization of acquisition costs	25	83
Amortization	(7)	(24)
Ending balance	226	208
Fixed Annuities
Balances of and changes in DAC
Beginning balance	35	45
Capitalization of acquisition costs	0	0
Amortization	(2)	(10)
Ending balance	33	35
Fixed Indexed Annuities
Balances of and changes in DAC
Beginning balance	5	6
Capitalization of acquisition costs	0	0
Amortization	0	(1)
Ending balance	5	5
Universal Life Insurance
Balances of and changes in DAC
Beginning balance	110	118
Capitalization of acquisition costs	0	0
Amortization	(2)	(8)
Ending balance	108	110
Variable Universal Life Insurance
Balances of and changes in DAC
Beginning balance	534	521
Capitalization of acquisition costs	13	57
Amortization	(11)	(44)
Ending balance	536	534
Indexed Universal Life Insurance
Balances of and changes in DAC
Beginning balance	223	236
Capitalization of acquisition costs	1	4
Amortization	(4)	(17)
Ending balance	220	223
Other Life Insurance
Balances of and changes in DAC
Beginning balance	2	3
Capitalization of acquisition costs	0	0
Amortization	0	(1)
Ending balance	2	2
Life Contingent Payout Annuities
Balances of and changes in DAC
Beginning balance	6	2
Capitalization of acquisition costs	1	4
Amortization	0	0
Ending balance	7	6
Term and Whole Life Insurance
Balances of and changes in DAC
Beginning balance	17	18
Capitalization of acquisition costs	0	1
Amortization	0	(2)
Ending balance	17	17
Disability Income Insurance
Balances of and changes in DAC
Beginning balance	75	79
Capitalization of acquisition costs	1	4
Amortization	(3)	(8)
Ending balance	73	75
Total, All Products
Balances of and changes in DAC
Beginning balance	2,711	2,775
Capitalization of acquisition costs	47	176
Amortization	(59)	(240)
Ending balance	2,699	2,711
Other broker dealer acquisition costs
Balances of and changes in DAC
Beginning balance	2
Ending balance	$ 2	$ 2

Deferred Acquisition Costs an_4

Deferred Acquisition Costs and Deferred Sales Inducement Costs - Deferred Sales Inducement Costs (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Balances of and changes in DSIC
Beginning balance	$ 148	$ 167
Amortization	(4)	(19)
Ending balance	144	148
Variable Annuities
Balances of and changes in DSIC
Beginning balance	136	151
Amortization	(3)	(15)
Ending balance	133	136
Fixed Annuities
Balances of and changes in DSIC
Beginning balance	12	16
Amortization	(1)	(4)
Ending balance	$ 11	$ 12

Policyholder Account Balances_3

Policyholder Account Balances, Future Policy Benefits and Claims - Composition (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Policyholder account balances
Policyholder account balances	$ 29,229	$ 27,947	$ 24,986
Future policy benefits
Reserve for future policy benefits	7,619	7,763
Deferred profit liability	87	81
Additional liabilities for insurance guarantees	1,336	1,321
Other insurance and annuity liabilities	191	213
Total future policy benefits	9,233	9,378
Policy claims and other policyholders’ funds	205	220
Total policyholder account balances, future policy benefits and claims	$ 38,667	$ 37,545

Policyholder Account Balances_4

Policyholder Account Balances, Future Policy Benefits and Claims - Balance of and Changes in Policyholder Account Balances (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Policyholder Account Balance [Roll Forward]
Beginning balance	$ 27,947	$ 24,986
Contract deposits	1,143	3,884
Policy charges	(102)	(401)
Surrenders and other benefits	(596)	(2,382)
Net transfer from (to) separate account liabilities	(26)	(132)
Variable account index-linked adjustments	704	1,403
Interest credited	159	589
Ending balance	29,229	27,947
Variable Annuities
Policyholder Account Balance [Roll Forward]
Beginning balance	4,173	4,752
Contract deposits	10	73
Policy charges	(3)	(10)
Surrenders and other benefits	(181)	(759)
Net transfer from (to) separate account liabilities	(7)	(25)
Variable account index-linked adjustments	0	0
Interest credited	32	142
Ending balance	$ 4,024	$ 4,173
Weighted-average crediting rate	3.30%	3.30%
Cash surrender value	$ 3,999	$ 4,146
Structured Variable Annuities
Policyholder Account Balance [Roll Forward]
Beginning balance	10,742	6,410
Contract deposits	955	3,084
Policy charges	0	0
Surrenders and other benefits	(74)	(156)
Net transfer from (to) separate account liabilities	0	0
Variable account index-linked adjustments	704	1,403
Interest credited	0	1
Ending balance	$ 12,327	$ 10,742
Weighted-average crediting rate	1.80%	1.80%
Cash surrender value	$ 11,656	$ 10,129
Fixed Annuities
Policyholder Account Balance [Roll Forward]
Beginning balance	5,982	6,799
Contract deposits	11	47
Policy charges	0	0
Surrenders and other benefits	(244)	(1,086)
Net transfer from (to) separate account liabilities	0	0
Variable account index-linked adjustments	0	0
Interest credited	52	222
Ending balance	$ 5,801	$ 5,982
Weighted-average crediting rate	3.60%	3.60%
Cash surrender value	$ 5,794	$ 5,974
Fixed Indexed Annuities
Policyholder Account Balance [Roll Forward]
Beginning balance	307	312
Contract deposits	0	0
Policy charges	0	0
Surrenders and other benefits	(4)	(10)
Net transfer from (to) separate account liabilities	0	0
Variable account index-linked adjustments	0	0
Interest credited	4	5
Ending balance	$ 307	$ 307
Weighted-average crediting rate	2%	2%
Cash surrender value	$ 278	$ 278
Non-Life Contingent Payout Annuities
Policyholder Account Balance [Roll Forward]
Beginning balance	444	471
Contract deposits	30	91
Policy charges	0	0
Surrenders and other benefits	(28)	(127)
Net transfer from (to) separate account liabilities	0	0
Variable account index-linked adjustments	0	0
Interest credited	3	9
Ending balance	449	444
Universal Life Insurance
Policyholder Account Balance [Roll Forward]
Beginning balance	1,474	1,544
Contract deposits	29	123
Policy charges	(44)	(176)
Surrenders and other benefits	(13)	(69)
Net transfer from (to) separate account liabilities	0	0
Variable account index-linked adjustments	0	0
Interest credited	12	52
Ending balance	$ 1,458	$ 1,474
Weighted-average crediting rate	3.60%	3.60%
Net amount at risk	$ 8,626	$ 8,740
Cash surrender value	1,318	1,330
Variable Universal Life Insurance
Policyholder Account Balance [Roll Forward]
Beginning balance	1,569	1,520
Contract deposits	62	272
Policy charges	(23)	(94)
Surrenders and other benefits	(21)	(78)
Net transfer from (to) separate account liabilities	(19)	(107)
Variable account index-linked adjustments	0	0
Interest credited	15	56
Ending balance	$ 1,583	$ 1,569
Weighted-average crediting rate	3.90%	3.90%
Net amount at risk	$ 56,939	$ 57,291
Cash surrender value	1,072	1,065
Indexed Universal Life Insurance
Policyholder Account Balance [Roll Forward]
Beginning balance	2,755	2,654
Contract deposits	46	193
Policy charges	(32)	(121)
Surrenders and other benefits	(17)	(53)
Net transfer from (to) separate account liabilities	0	0
Variable account index-linked adjustments	0	0
Interest credited	37	82
Ending balance	$ 2,789	$ 2,755
Weighted-average crediting rate	2%	2%
Net amount at risk	$ 14,215	$ 14,407
Cash surrender value	2,315	2,271
Other Life Insurance
Policyholder Account Balance [Roll Forward]
Beginning balance	501	524
Contract deposits	0	1
Policy charges	0	0
Surrenders and other benefits	(14)	(44)
Net transfer from (to) separate account liabilities	0	0
Variable account index-linked adjustments	0	0
Interest credited	4	20
Ending balance	$ 491	$ 501
Weighted-average crediting rate	4%	4%
Net amount at risk	$ 139	$ 141
Cash surrender value	$ 319	$ 326

Policyholder Account Balances_5

Policyholder Account Balances, Future Policy Benefits and Claims - Account Balances by Guaranteed Minimum Interest Rates (Details) $ in Millions	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 29,229	$ 27,947	$ 24,986
Percentage of total account values that reset in:
Next 12 months	100%	99.90%
Greater than 12 months to 24 months	0%	0.10%
Greater than 24 months	0%	0%
Total	100%	100%
At Guaranteed Minimum
Percentage of total account values that reset in:
Next 12 months	100%	99.90%
Greater than 12 months to 24 months	0%	0.10%
Greater than 24 months	0%	0%
Total	100%	100%
1-49 bps above Guaranteed Minimum
Percentage of total account values that reset in:
Next 12 months	100%	99.50%
Greater than 12 months to 24 months	0%	0.50%
Greater than 24 months	0%	0%
Total	100%	100%
1-49 bps above Guaranteed Minimum \| Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	0.0001	0.0001
1-49 bps above Guaranteed Minimum \| Maximum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	0.0049	0.0049
50-99 bps above Guaranteed Minimum
Percentage of total account values that reset in:
Next 12 months	99.50%	99.30%
Greater than 12 months to 24 months	0.40%	0.60%
Greater than 24 months	0.10%	0.10%
Total	100%	100%
50-99 bps above Guaranteed Minimum \| Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	0.0050	0.0050
50-99 bps above Guaranteed Minimum \| Maximum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	0.0099	0.0099
100-150 bps above Guaranteed Minimum
Percentage of total account values that reset in:
Next 12 months	100%	100%
Greater than 12 months to 24 months	0%	0%
Greater than 24 months	0%	0%
Total	100%	100%
100-150 bps above Guaranteed Minimum \| Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	0.0100	0.0100
100-150 bps above Guaranteed Minimum \| Maximum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	0.0150	0.0150
Greater than 150 bps above Guaranteed Minimum
Percentage of total account values that reset in:
Next 12 months	100%	100%
Greater than 12 months to 24 months	0%	0%
Greater than 24 months	0%	0%
Total	100%	100%
Greater than 150 bps above Guaranteed Minimum \| Minimum
Policyholder Account Balance [Line Items]
Policyholder account balance above guaranteed minimum crediting rate	0.0150	0.0150
Total
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 12,492	$ 12,848
Total \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	11,519	11,836
Total \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	535	571
Total \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	270	272
Total \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	131	135
Total \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	37	34
Fixed accounts of variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	3,968	4,110
Fixed accounts of variable annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3,769	3,908
Fixed accounts of variable annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	123	132
Fixed accounts of variable annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	57	52
Fixed accounts of variable annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	17	16
Fixed accounts of variable annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2	2
Fixed accounts of structured variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	40	39
Fixed accounts of structured variable annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	12	12
Fixed accounts of structured variable annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	22	18
Fixed accounts of structured variable annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	4	7
Fixed accounts of structured variable annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2	2
Fixed accounts of structured variable annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Fixed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	5,786	5,967
Fixed annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	5,162	5,298
Fixed annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	359	392
Fixed annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	179	184
Fixed annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	86	93
Fixed annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Non-indexed accounts of fixed indexed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	23	22
Non-indexed accounts of fixed indexed annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Non-indexed accounts of fixed indexed annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2	2
Non-indexed accounts of fixed indexed annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	7	7
Non-indexed accounts of fixed indexed annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	14	13
Non-indexed accounts of fixed indexed annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	1,428	1,445
Universal life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1,403	1,423
Universal life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	6	5
Universal life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	14	13
Universal life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	4	4
Universal life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1	0
Fixed accounts of variable universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	800	810
Fixed accounts of variable universal life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	728	742
Fixed accounts of variable universal life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	23	22
Fixed accounts of variable universal life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	7	7
Fixed accounts of variable universal life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	8	7
Fixed accounts of variable universal life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	34	32
Non-indexed accounts of indexed universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	129	130
Non-indexed accounts of indexed universal life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	127	128
Non-indexed accounts of indexed universal life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Non-indexed accounts of indexed universal life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2	2
Non-indexed accounts of indexed universal life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Non-indexed accounts of indexed universal life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Other life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	318	325
Other life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	318	325
Other life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Other life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Other life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
Other life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% \| Total
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 1,027	$ 1,085
1% - 1.99% \| Total \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% \| Total \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% \| Total \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 140	$ 151
1% - 1.99% \| Total \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	488	530
1% - 1.99% \| Total \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	253	255
1% - 1.99% \| Total \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	118	123
1% - 1.99% \| Total \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	28	26
1% - 1.99% \| Fixed accounts of variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 231	$ 243
1% - 1.99% \| Fixed accounts of variable annuities \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% \| Fixed accounts of variable annuities \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% \| Fixed accounts of variable annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 36	$ 43
1% - 1.99% \| Fixed accounts of variable annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	120	131
1% - 1.99% \| Fixed accounts of variable annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	57	52
1% - 1.99% \| Fixed accounts of variable annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	16	15
1% - 1.99% \| Fixed accounts of variable annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2	2
1% - 1.99% \| Fixed accounts of structured variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 29	$ 28
1% - 1.99% \| Fixed accounts of structured variable annuities \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% \| Fixed accounts of structured variable annuities \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% \| Fixed accounts of structured variable annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 1	$ 1
1% - 1.99% \| Fixed accounts of structured variable annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	22	18
1% - 1.99% \| Fixed accounts of structured variable annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	4	7
1% - 1.99% \| Fixed accounts of structured variable annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2	2
1% - 1.99% \| Fixed accounts of structured variable annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% \| Fixed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 711	$ 760
1% - 1.99% \| Fixed annuities \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% \| Fixed annuities \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% \| Fixed annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 103	$ 107
1% - 1.99% \| Fixed annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	343	377
1% - 1.99% \| Fixed annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	179	183
1% - 1.99% \| Fixed annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	86	93
1% - 1.99% \| Fixed annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% \| Non-indexed accounts of fixed indexed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 23	$ 22
1% - 1.99% \| Non-indexed accounts of fixed indexed annuities \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% \| Non-indexed accounts of fixed indexed annuities \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% \| Non-indexed accounts of fixed indexed annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
1% - 1.99% \| Non-indexed accounts of fixed indexed annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2	2
1% - 1.99% \| Non-indexed accounts of fixed indexed annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	7	7
1% - 1.99% \| Non-indexed accounts of fixed indexed annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	14	13
1% - 1.99% \| Non-indexed accounts of fixed indexed annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% \| Universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
1% - 1.99% \| Universal life insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% \| Universal life insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% \| Universal life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
1% - 1.99% \| Universal life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% \| Universal life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% \| Universal life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% \| Universal life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% \| Fixed accounts of variable universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 31	$ 30
1% - 1.99% \| Fixed accounts of variable universal life insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% \| Fixed accounts of variable universal life insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% \| Fixed accounts of variable universal life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
1% - 1.99% \| Fixed accounts of variable universal life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1	2
1% - 1.99% \| Fixed accounts of variable universal life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	4	4
1% - 1.99% \| Fixed accounts of variable universal life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% \| Fixed accounts of variable universal life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	26	24
1% - 1.99% \| Non-indexed accounts of indexed universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 2	$ 2
1% - 1.99% \| Non-indexed accounts of indexed universal life insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% \| Non-indexed accounts of indexed universal life insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% \| Non-indexed accounts of indexed universal life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
1% - 1.99% \| Non-indexed accounts of indexed universal life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% \| Non-indexed accounts of indexed universal life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2	2
1% - 1.99% \| Non-indexed accounts of indexed universal life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% \| Non-indexed accounts of indexed universal life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% \| Other life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
1% - 1.99% \| Other life insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1%	1%
1% - 1.99% \| Other life insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	1.99%	1.99%
1% - 1.99% \| Other life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
1% - 1.99% \| Other life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% \| Other life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% \| Other life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
1% - 1.99% \| Other life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Total
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 415	$ 425
2% - 2.99% \| Total \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% \| Total \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% \| Total \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 363	$ 376
2% - 2.99% \| Total \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	31	30
2% - 2.99% \| Total \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	11	10
2% - 2.99% \| Total \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1	1
2% - 2.99% \| Total \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	9	8
2% - 2.99% \| Fixed accounts of variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 132	$ 138
2% - 2.99% \| Fixed accounts of variable annuities \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% \| Fixed accounts of variable annuities \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% \| Fixed accounts of variable annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 132	$ 137
2% - 2.99% \| Fixed accounts of variable annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	1
2% - 2.99% \| Fixed accounts of variable annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Fixed accounts of variable annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Fixed accounts of variable annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Fixed accounts of structured variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 11	$ 11
2% - 2.99% \| Fixed accounts of structured variable annuities \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% \| Fixed accounts of structured variable annuities \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% \| Fixed accounts of structured variable annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 11	$ 11
2% - 2.99% \| Fixed accounts of structured variable annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Fixed accounts of structured variable annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Fixed accounts of structured variable annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Fixed accounts of structured variable annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Fixed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 47	$ 51
2% - 2.99% \| Fixed annuities \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% \| Fixed annuities \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% \| Fixed annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 31	$ 36
2% - 2.99% \| Fixed annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	16	14
2% - 2.99% \| Fixed annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	1
2% - 2.99% \| Fixed annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Fixed annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Non-indexed accounts of fixed indexed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
2% - 2.99% \| Non-indexed accounts of fixed indexed annuities \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% \| Non-indexed accounts of fixed indexed annuities \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% \| Non-indexed accounts of fixed indexed annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
2% - 2.99% \| Non-indexed accounts of fixed indexed annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Non-indexed accounts of fixed indexed annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Non-indexed accounts of fixed indexed annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Non-indexed accounts of fixed indexed annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 65	$ 63
2% - 2.99% \| Universal life insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% \| Universal life insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% \| Universal life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 50	$ 51
2% - 2.99% \| Universal life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3	3
2% - 2.99% \| Universal life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	11	9
2% - 2.99% \| Universal life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Universal life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1	0
2% - 2.99% \| Fixed accounts of variable universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 33	$ 34
2% - 2.99% \| Fixed accounts of variable universal life insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% \| Fixed accounts of variable universal life insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% \| Fixed accounts of variable universal life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 12	$ 13
2% - 2.99% \| Fixed accounts of variable universal life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	12	12
2% - 2.99% \| Fixed accounts of variable universal life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Fixed accounts of variable universal life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1	1
2% - 2.99% \| Fixed accounts of variable universal life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	8	8
2% - 2.99% \| Non-indexed accounts of indexed universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 127	$ 128
2% - 2.99% \| Non-indexed accounts of indexed universal life insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% \| Non-indexed accounts of indexed universal life insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% \| Non-indexed accounts of indexed universal life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 127	$ 128
2% - 2.99% \| Non-indexed accounts of indexed universal life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Non-indexed accounts of indexed universal life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Non-indexed accounts of indexed universal life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Non-indexed accounts of indexed universal life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Other life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
2% - 2.99% \| Other life insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2%	2%
2% - 2.99% \| Other life insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	2.99%	2.99%
2% - 2.99% \| Other life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
2% - 2.99% \| Other life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Other life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Other life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
2% - 2.99% \| Other life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Total
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 5,837	$ 6,058
3% - 3.99% \| Total \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% \| Total \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% \| Total \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 5,813	$ 6,036
3% - 3.99% \| Total \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	6	4
3% - 3.99% \| Total \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	6	7
3% - 3.99% \| Total \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	12	11
3% - 3.99% \| Total \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Fixed accounts of variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 2,125	$ 2,215
3% - 3.99% \| Fixed accounts of variable annuities \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% \| Fixed accounts of variable annuities \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% \| Fixed accounts of variable annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 2,121	$ 2,214
3% - 3.99% \| Fixed accounts of variable annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3	0
3% - 3.99% \| Fixed accounts of variable annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Fixed accounts of variable annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1	1
3% - 3.99% \| Fixed accounts of variable annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Fixed accounts of structured variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
3% - 3.99% \| Fixed accounts of structured variable annuities \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% \| Fixed accounts of structured variable annuities \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% \| Fixed accounts of structured variable annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
3% - 3.99% \| Fixed accounts of structured variable annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Fixed accounts of structured variable annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Fixed accounts of structured variable annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Fixed accounts of structured variable annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Fixed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 2,697	$ 2,817
3% - 3.99% \| Fixed annuities \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% \| Fixed annuities \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% \| Fixed annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 2,697	$ 2,816
3% - 3.99% \| Fixed annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	1
3% - 3.99% \| Fixed annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Fixed annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Fixed annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Non-indexed accounts of fixed indexed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
3% - 3.99% \| Non-indexed accounts of fixed indexed annuities \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% \| Non-indexed accounts of fixed indexed annuities \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% \| Non-indexed accounts of fixed indexed annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
3% - 3.99% \| Non-indexed accounts of fixed indexed annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Non-indexed accounts of fixed indexed annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Non-indexed accounts of fixed indexed annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Non-indexed accounts of fixed indexed annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 854	$ 863
3% - 3.99% \| Universal life insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% \| Universal life insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% \| Universal life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 846	$ 854
3% - 3.99% \| Universal life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	1	1
3% - 3.99% \| Universal life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3	4
3% - 3.99% \| Universal life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	4	4
3% - 3.99% \| Universal life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Fixed accounts of variable universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 131	$ 133
3% - 3.99% \| Fixed accounts of variable universal life insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% \| Fixed accounts of variable universal life insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% \| Fixed accounts of variable universal life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 119	$ 122
3% - 3.99% \| Fixed accounts of variable universal life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2	2
3% - 3.99% \| Fixed accounts of variable universal life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	3	3
3% - 3.99% \| Fixed accounts of variable universal life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	7	6
3% - 3.99% \| Fixed accounts of variable universal life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Non-indexed accounts of indexed universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
3% - 3.99% \| Non-indexed accounts of indexed universal life insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% \| Non-indexed accounts of indexed universal life insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% \| Non-indexed accounts of indexed universal life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
3% - 3.99% \| Non-indexed accounts of indexed universal life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Non-indexed accounts of indexed universal life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Non-indexed accounts of indexed universal life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Non-indexed accounts of indexed universal life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Other life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 30	$ 30
3% - 3.99% \| Other life insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3%	3%
3% - 3.99% \| Other life insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	3.99%	3.99%
3% - 3.99% \| Other life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 30	$ 30
3% - 3.99% \| Other life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Other life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Other life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
3% - 3.99% \| Other life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Total
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 5,213	$ 5,280
4% - 5.00% \| Total \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% \| Total \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% \| Total \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 5,203	$ 5,273
4% - 5.00% \| Total \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	10	7
4% - 5.00% \| Total \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Total \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Total \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Fixed accounts of variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 1,480	$ 1,514
4% - 5.00% \| Fixed accounts of variable annuities \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% \| Fixed accounts of variable annuities \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% \| Fixed accounts of variable annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 1,480	$ 1,514
4% - 5.00% \| Fixed accounts of variable annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Fixed accounts of variable annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Fixed accounts of variable annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Fixed accounts of variable annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Fixed accounts of structured variable annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
4% - 5.00% \| Fixed accounts of structured variable annuities \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% \| Fixed accounts of structured variable annuities \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% \| Fixed accounts of structured variable annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
4% - 5.00% \| Fixed accounts of structured variable annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Fixed accounts of structured variable annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Fixed accounts of structured variable annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Fixed accounts of structured variable annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Fixed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 2,331	$ 2,339
4% - 5.00% \| Fixed annuities \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% \| Fixed annuities \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% \| Fixed annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 2,331	$ 2,339
4% - 5.00% \| Fixed annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Fixed annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Fixed annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Fixed annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Non-indexed accounts of fixed indexed annuities
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
4% - 5.00% \| Non-indexed accounts of fixed indexed annuities \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% \| Non-indexed accounts of fixed indexed annuities \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% \| Non-indexed accounts of fixed indexed annuities \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
4% - 5.00% \| Non-indexed accounts of fixed indexed annuities \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Non-indexed accounts of fixed indexed annuities \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Non-indexed accounts of fixed indexed annuities \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Non-indexed accounts of fixed indexed annuities \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 509	$ 519
4% - 5.00% \| Universal life insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% \| Universal life insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% \| Universal life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 507	$ 518
4% - 5.00% \| Universal life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	2	1
4% - 5.00% \| Universal life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Universal life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Universal life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Fixed accounts of variable universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 605	$ 613
4% - 5.00% \| Fixed accounts of variable universal life insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% \| Fixed accounts of variable universal life insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% \| Fixed accounts of variable universal life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 597	$ 607
4% - 5.00% \| Fixed accounts of variable universal life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	8	6
4% - 5.00% \| Fixed accounts of variable universal life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Fixed accounts of variable universal life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Fixed accounts of variable universal life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Non-indexed accounts of indexed universal life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
4% - 5.00% \| Non-indexed accounts of indexed universal life insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% \| Non-indexed accounts of indexed universal life insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% \| Non-indexed accounts of indexed universal life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0
4% - 5.00% \| Non-indexed accounts of indexed universal life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Non-indexed accounts of indexed universal life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Non-indexed accounts of indexed universal life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Non-indexed accounts of indexed universal life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Other life insurance
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 288	$ 295
4% - 5.00% \| Other life insurance \| Minimum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	4%	4%
4% - 5.00% \| Other life insurance \| Maximum
Policyholder Account Balance [Line Items]
Range of Guaranteed Minimum Crediting Rates	5%	5%
4% - 5.00% \| Other life insurance \| At Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 288	$ 295
4% - 5.00% \| Other life insurance \| 1-49 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Other life insurance \| 50-99 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Other life insurance \| 100-150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	0	0
4% - 5.00% \| Other life insurance \| Greater than 150 bps above Guaranteed Minimum
Policyholder Account Balance [Line Items]
Policyholder account balances	$ 0	$ 0

Policyholder Account Balances_6

Policyholder Account Balances, Future Policy Benefits and Claims - Balances of and Changes in Liability for Future Policy Benefits (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Liability for Future Policy Benefit, Activity [Line Items]
Balance	$ 9,233	$ 9,378
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	1,953	2,027
Beginning balance at original discount rate	1,950	2,065
Effect of changes in cash flow assumptions		0	$ (19)
Effect of actual variances from expected experience		(9)	(23)
Adjusted beginning of year balance		1,941	2,023
Issuances	78	244
Interest accrual	24	101
Net premiums collected	(117)	(418)
Derecognition (lapses)	0	0
Ending balance at original discount rate	1,926	1,950
Effect of changes in discount rate assumptions	(27)	3
Ending balance	1,899	1,953
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	9,711	9,519
Beginning balance at original discount rate	9,641	9,706
Effect of changes in cash flow assumptions		0	(34)
Effect of actual variances from expected experience		(16)	(35)
Adjusted beginning of year balance		9,625	9,637
Issuances	78	244
Interest accrual	122	489
Benefit payments	(187)	(729)
Derecognition (lapses)	0	0
Ending balance at original discount rate	9,638	9,641
Effect of changes in discount rate assumptions	(126)	70
Ending balance	9,512	9,711
Adjustment due to reserve flooring	6	5
Reserve for future policy benefits	7,619	7,763
Less: reinsurance recoverable	3,969	4,080
Net liability for future policy benefits, after reinsurance recoverable	3,650	3,683
Discounted expected future gross premiums	3,871	3,993
Expected future gross premiums	5,899	5,993
Expected future benefit payments	15,744	15,810
Life Contingent Payout Annuities
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	0	0
Beginning balance at original discount rate	0	0
Effect of changes in cash flow assumptions		0	0
Effect of actual variances from expected experience		0	0
Adjusted beginning of year balance		0	0
Issuances	60	177
Interest accrual	0	1
Net premiums collected	(60)	(178)
Derecognition (lapses)	0	0
Ending balance at original discount rate	0	0
Effect of changes in discount rate assumptions	0	0
Ending balance	0	0
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	1,164	1,065
Beginning balance at original discount rate	1,222	1,155
Effect of changes in cash flow assumptions		0	0
Effect of actual variances from expected experience		(2)	(10)
Adjusted beginning of year balance		1,220	1,145
Issuances	60	177
Interest accrual	14	50
Benefit payments	(39)	(150)
Derecognition (lapses)	0	0
Ending balance at original discount rate	1,255	1,222
Effect of changes in discount rate assumptions	(75)	(58)
Ending balance	1,180	1,164
Adjustment due to reserve flooring	0	0
Reserve for future policy benefits	1,180	1,164
Less: reinsurance recoverable	845	880
Net liability for future policy benefits, after reinsurance recoverable	335	284
Discounted expected future gross premiums	0	0
Expected future gross premiums	0	0
Expected future benefit payments	$ 1,786	$ 1,726
Weighted average interest accretion rate	4.40%	4.20%
Weighted average discount rate	5.20%	4.90%
Weighted average duration of liability (in years)	7 years	7 years
Term and Whole Life Insurance
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	$ 703	$ 686
Beginning balance at original discount rate	708	708
Effect of changes in cash flow assumptions		0	(19)
Effect of actual variances from expected experience		(2)	(2)
Adjusted beginning of year balance		706	687
Issuances	16	55
Interest accrual	9	36
Net premiums collected	(18)	(70)
Derecognition (lapses)	0	0
Ending balance at original discount rate	713	708
Effect of changes in discount rate assumptions	(18)	(5)
Ending balance	695	703
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	1,325	1,319
Beginning balance at original discount rate	1,291	1,313
Effect of changes in cash flow assumptions		0	(18)
Effect of actual variances from expected experience		(2)	(1)
Adjusted beginning of year balance		1,289	1,294
Issuances	16	56
Interest accrual	18	73
Benefit payments	(34)	(132)
Derecognition (lapses)	0	0
Ending balance at original discount rate	1,289	1,291
Effect of changes in discount rate assumptions	6	34
Ending balance	1,295	1,325
Adjustment due to reserve flooring	6	5
Reserve for future policy benefits	606	627
Less: reinsurance recoverable	428	440
Net liability for future policy benefits, after reinsurance recoverable	178	187
Discounted expected future gross premiums	1,713	1,764
Expected future gross premiums	2,909	2,938
Expected future benefit payments	$ 2,163	$ 2,166
Weighted average interest accretion rate	6.30%	6.20%
Weighted average discount rate	5.30%	5.10%
Weighted average duration of liability (in years)	7 years	7 years
Disability Income Insurance
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	$ 104	$ 134
Beginning balance at original discount rate	105	137
Effect of changes in cash flow assumptions		0	(19)
Effect of actual variances from expected experience		(4)	(18)
Adjusted beginning of year balance		101	100
Issuances	2	12
Interest accrual	1	5
Net premiums collected	(2)	(12)
Derecognition (lapses)	0	0
Ending balance at original discount rate	102	105
Effect of changes in discount rate assumptions	(3)	(1)
Ending balance	99	104
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	661	696
Beginning balance at original discount rate	621	669
Effect of changes in cash flow assumptions		0	(25)
Effect of actual variances from expected experience		(6)	(29)
Adjusted beginning of year balance		615	615
Issuances	2	11
Interest accrual	9	37
Benefit payments	(10)	(42)
Derecognition (lapses)	0	0
Ending balance at original discount rate	616	621
Effect of changes in discount rate assumptions	26	40
Ending balance	642	661
Adjustment due to reserve flooring	0	0
Reserve for future policy benefits	543	557
Less: reinsurance recoverable	21	22
Net liability for future policy benefits, after reinsurance recoverable	522	535
Discounted expected future gross premiums	879	904
Expected future gross premiums	1,250	1,269
Expected future benefit payments	$ 1,054	$ 1,068
Weighted average interest accretion rate	6.30%	6.10%
Weighted average discount rate	5.40%	5.10%
Weighted average duration of liability (in years)	8 years	8 years
Long Term Care Insurance
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]
Beginning balance	$ 1,146	$ 1,207
Beginning balance at original discount rate	1,137	1,220
Effect of changes in cash flow assumptions		0	19
Effect of actual variances from expected experience		(3)	(3)
Adjusted beginning of year balance		1,134	1,236
Issuances	0	0
Interest accrual	14	59
Net premiums collected	(37)	(158)
Derecognition (lapses)	0	0
Ending balance at original discount rate	1,111	1,137
Effect of changes in discount rate assumptions	(6)	9
Ending balance	1,105	1,146
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]
Beginning balance	6,561	6,439
Beginning balance at original discount rate	6,507	6,569
Effect of changes in cash flow assumptions		0	9
Effect of actual variances from expected experience		(6)	5
Adjusted beginning of year balance		6,501	$ 6,583
Issuances	0	0
Interest accrual	81	329
Benefit payments	(104)	(405)
Derecognition (lapses)	0	0
Ending balance at original discount rate	6,478	6,507
Effect of changes in discount rate assumptions	(83)	54
Ending balance	6,395	6,561
Adjustment due to reserve flooring	0	0
Reserve for future policy benefits	5,290	5,415
Less: reinsurance recoverable	2,675	2,738
Net liability for future policy benefits, after reinsurance recoverable	2,615	2,677
Discounted expected future gross premiums	1,279	1,325
Expected future gross premiums	1,740	1,786
Expected future benefit payments	$ 10,741	$ 10,850
Weighted average interest accretion rate	5.10%	5%
Weighted average discount rate	5.40%	5.10%
Weighted average duration of liability (in years)	8 years	8 years

Policyholder Account Balances_7

Policyholder Account Balances, Future Policy Benefits and Claims - Additional Liabilities (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance	$ 1,321	$ 1,186
Interest accrual	10	41
Benefit accrual	36	138
Benefit payments	(17)	(72)
Effect of actual variances from expected experience	(3)	(4)
Impact of change in net unrealized (gains) losses on securities	(11)	32
Ending balance	1,336	1,321
Universal Life Insurance
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance	1,225	1,100
Interest accrual	9	35
Benefit accrual	33	128
Benefit payments	(13)	(50)
Effect of actual variances from expected experience	(3)	(13)
Impact of change in net unrealized (gains) losses on securities	(9)	25
Ending balance	$ 1,242	$ 1,225
Weighted average interest accretion rate	3%	3%
Weighted average discount rate	3.20%	3.20%
Weighted average duration of reserves (in years)	10 years	10 years
Variable Universal Life Insurance
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance	$ 81	$ 74
Interest accrual	1	5
Benefit accrual	2	8
Benefit payments	(3)	(18)
Effect of actual variances from expected experience	0	11
Impact of change in net unrealized (gains) losses on securities	0	1
Ending balance	$ 81	$ 81
Weighted average interest accretion rate	7.10%	6.90%
Weighted average discount rate	7.10%	7.10%
Weighted average duration of reserves (in years)	8 years	8 years
Other Life Insurance
Additional Liability, Long-Duration Insurance [Roll Forward]
Beginning balance	$ 15	$ 12
Interest accrual	0	1
Benefit accrual	1	2
Benefit payments	(1)	(4)
Effect of actual variances from expected experience	0	(2)
Impact of change in net unrealized (gains) losses on securities	(2)	6
Ending balance	$ 13	$ 15
Weighted average interest accretion rate	3.90%	4%
Weighted average discount rate	4%	4%
Weighted average duration of reserves (in years)	6 years	6 years

Policyholder Account Balances_8

Policyholder Account Balances, Future Policy Benefits and Claims - Amounts Recognized in Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	$ 182	$ 674
Interest Expense	98	388
Life Contingent Payout Annuities
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	66	196
Interest Expense	14	49
Term and Whole Life Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	42	169
Interest Expense	9	37
Disability Income Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	30	124
Interest Expense	8	32
Long Term Care Insurance
Liability for Future Policy Benefit, Activity [Line Items]
Gross Premiums	44	185
Interest Expense	$ 67	$ 270

Policyholder Account Balances_9

Policyholder Account Balances, Future Policy Benefits and Claims - Change in Unearned Income (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Deferred Income [Roll Forward]
Beginning balance	$ 489	$ 410
Deferral of revenue	29	112
Amortization	(9)	(33)
Ending balance	509	489
Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance	27	27
Deferral of revenue	0	1
Amortization	0	(1)
Ending balance	27	27
Variable Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance	196	150
Deferral of revenue	16	59
Amortization	(4)	(13)
Ending balance	208	196
Indexed Universal Life Insurance
Deferred Income [Roll Forward]
Beginning balance	266	233
Deferral of revenue	13	52
Amortization	(5)	(19)
Ending balance	$ 274	$ 266

Separate Account Assets and L_3

Separate Account Assets and Liabilities - Separate Account Assets (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Variable Annuity and Insurance Guarantees
Separate account assets	$ 79,753	$ 77,457
Mutual funds
Variable Annuity and Insurance Guarantees
Separate account assets	77,039	74,634
Property/real estate
Variable Annuity and Insurance Guarantees
Separate account assets	1,737	1,784
Equity securities
Variable Annuity and Insurance Guarantees
Separate account assets	551	553
Debt securities
Variable Annuity and Insurance Guarantees
Separate account assets	227	285
Cash and cash equivalents
Variable Annuity and Insurance Guarantees
Separate account assets	148	147
Other
Variable Annuity and Insurance Guarantees
Separate account assets	$ 51	$ 54

Separate Account Assets and L_4

Separate Account Assets and Liabilities - Separate Account Liabilities (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Separate Account, Liability [Roll Forward]
Beginning balance	$ 77,457	$ 73,962
Premiums and deposits	338	1,488
Policy charges	(402)	(1,642)
Surrenders and other benefits	(1,936)	(6,472)
Investment return	4,318	9,897
Net transfer from (to) general account	5	67
Other charges	(27)	157
Ending balance	79,753	77,457
Cash surrender value	77,674	75,366
Variable Annuities
Separate Account, Liability [Roll Forward]
Beginning balance	65,839	63,223
Premiums and deposits	193	835
Policy charges	(326)	(1,343)
Surrenders and other benefits	(1,650)	(5,378)
Investment return	3,628	8,477
Net transfer from (to) general account	7	25
Other charges	0	0
Ending balance	67,691	65,839
Cash surrender value	66,167	64,280
Variable Universal Life
Separate Account, Liability [Roll Forward]
Beginning balance	8,795	7,653
Premiums and deposits	121	459
Policy charges	(75)	(292)
Surrenders and other benefits	(96)	(317)
Investment return	605	1,250
Net transfer from (to) general account	(2)	42
Other charges	0	0
Ending balance	9,348	8,795
Cash surrender value	8,793	8,263
Unitized Pooled Pension Funds
Separate Account, Liability [Roll Forward]
Beginning balance	2,823	3,086
Premiums and deposits	24	194
Policy charges	(1)	(7)
Surrenders and other benefits	(190)	(777)
Investment return	85	170
Net transfer from (to) general account	0	0
Other charges	(27)	157
Ending balance	2,714	2,823
Cash surrender value	$ 2,714	$ 2,823

Market Risk Benefits - Balances

Market Risk Benefits - Balances of and Changes in Market Risk Benefits (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Market Risk Benefit [Roll Forward]
Beginning balance	$ 335	$ 1,103	$ 1,103
Issuances	5	4	17
Interest accrual and time decay	(10)	(26)	(53)
Reserve increase from attributed fees collected	184	189	788
Reserve release for benefit payments and derecognition	(4)	(9)	(35)
Effect of changes in interest rates and bond markets	(527)	504	(367)
Effect of changes in equity markets and subaccount performance	(730)	(392)	(1,267)
Effect of changes in equity index volatility	39	(43)	(67)
Actual policyholder behavior different from expected behavior	31	7	5
Effect of changes in other future expected assumptions			128
Effect of changes in the instrument-specific credit risk on market risk benefits	48	(204)	83
Ending balance	(629)	1,133	335
Reconciliation of the gross balances in an asset or liability position:
Asset position	1,964	990	1,427
Liability position	(1,335)	(2,123)	(1,762)
Net asset (liability) position	$ 629	$ (1,133)	$ (335)
Weighted average attained age of contractholders	69 years	68 years	69 years
Changes in unrealized (gains) losses in net income relating to liabilities held at end of period	$ (1,202)	$ 59	$ (1,551)
Changes in unrealized (gains) losses in other comprehensive income relating to liabilities held at end of period	48	(204)	84
Death benefits
Reconciliation of the gross balances in an asset or liability position:
Guaranteed benefit amount in excess of current account balances (net amount at risk)	578	1,956	913
Living benefits
Reconciliation of the gross balances in an asset or liability position:
Guaranteed benefit amount in excess of current account balances (net amount at risk)	2,233	2,836	2,513
Composite (greater of)
Reconciliation of the gross balances in an asset or liability position:
Guaranteed benefit amount in excess of current account balances (net amount at risk)	$ 2,735	$ 4,596	$ 3,308

Market Risk Benefits - Signific

Market Risk Benefits - Significant Inputs and Assumptions (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Market Risk Benefit [Line Items]
Market risk benefits	$ 335	$ (629)	$ 1,133	$ 1,103
Utilization of guaranteed withdrawals
Market Risk Benefit [Line Items]
Increase (decrease) in net income from change in assumptions	(18)
Surrender rate
Market Risk Benefit [Line Items]
Increase (decrease) in net income from change in assumptions	$ (110)
Discounted cash flow \| Nonperformance risk
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.0085	0.0075
Minimum \| Discounted cash flow \| Utilization of guaranteed withdrawals
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0	0
Minimum \| Discounted cash flow \| Surrender rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.003	0.003
Minimum \| Discounted cash flow \| Market volatility
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0	0
Minimum \| Discounted cash flow \| Mortality rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0	0
Maximum \| Discounted cash flow \| Utilization of guaranteed withdrawals
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.480	0.480
Maximum \| Discounted cash flow \| Surrender rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.750	0.750
Maximum \| Discounted cash flow \| Market volatility
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.252	0.252
Maximum \| Discounted cash flow \| Mortality rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.416	0.416
Weighted average \| Discounted cash flow \| Utilization of guaranteed withdrawals
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.116	0.116
Weighted average \| Discounted cash flow \| Surrender rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.037	0.036
Weighted average \| Discounted cash flow \| Market volatility
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.106	0.105
Weighted average \| Discounted cash flow \| Nonperformance risk
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.0085	0.0075
Weighted average \| Discounted cash flow \| Mortality rate
Market Risk Benefit [Line Items]
Market risk benefits, measurement input	0.016	0.016

Debt - Balances and Stated Inte

Debt - Balances and Stated Interest Rates (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Debt and stated interest rates
Short-term borrowings	$ 201	$ 201
Ameriprise Financial
Debt and stated interest rates
Finance lease liabilities	17	20
Other	(19)	(21)
Total long-term debt	3,398	3,399
Short-term borrowings	201	201
Total	$ 3,599	$ 3,600
Ameriprise Financial \| Weighted average
Debt and stated interest rates
FHLB advances, Stated interest rate (as a percent)	5.50%	5.60%
Ameriprise Financial \| Senior notes due 2024
Debt and stated interest rates
Long-term debt	$ 550	$ 550
Stated interest rate long-term debt (as a percent)	3.70%	3.70%
Ameriprise Financial \| Senior notes due 2025
Debt and stated interest rates
Long-term debt	$ 500	$ 500
Stated interest rate long-term debt (as a percent)	3%	3%
Ameriprise Financial \| Senior notes due 2026
Debt and stated interest rates
Long-term debt	$ 500	$ 500
Stated interest rate long-term debt (as a percent)	2.90%	2.90%
Ameriprise Financial \| Senior notes due 2028
Debt and stated interest rates
Long-term debt	$ 600	$ 600
Stated interest rate long-term debt (as a percent)	5.70%	5.70%
Ameriprise Financial \| Senior notes due 2032
Debt and stated interest rates
Long-term debt	$ 500	$ 500
Stated interest rate long-term debt (as a percent)	4.50%	4.50%
Ameriprise Financial \| Senior notes due 2033
Debt and stated interest rates
Long-term debt	$ 750	$ 750
Stated interest rate long-term debt (as a percent)	5.20%	5.20%

Debt - Short-term Borrowings (D

Debt - Short-term Borrowings (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Federal Home Loan Bank borrowings \| Ameriprise Bank, FSB
Short-term borrowings
Short-term borrowings	$ 0	$ 0
Federal Home Loan Bank borrowings \| Maximum \| RiverSource Life Insurance Company
Short-term borrowings
Term, less than	3 months	3 months
Federal Home Loan Bank borrowings \| Commercial mortgage backed securities \| RiverSource Life Insurance Company
Short-term borrowings
FHLB advances, securities pledged as collateral	$ 1,100	$ 1,100
Federal Reserve borrowings \| Ameriprise Bank, FSB
Short-term borrowings
Short-term borrowings	$ 0	$ 0

Debt - Revolving Credit Facilit

Debt - Revolving Credit Facility (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Revolving Credit Facility
Line of Credit Facility
Current borrowing capacity for line of credit facility	$ 1,000
Maximum borrowing capacity for line of credit facility	1,250
Line of credit borrowings outstanding	0	$ 0
Outstanding letters of credit issued against line of credit facility	$ 1	1
Line of Credit
Line of Credit Facility
Default interest rate	2%
Line of Credit \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility
Basis spread on variable interest rate	0.10%
American Enterprise Investment Services, Incorporated
Line of Credit Facility
Maximum borrowing capacity for line of credit facility	$ 500
Line of credit borrowings outstanding	$ 0	$ 0

Fair Values of Assets and Lia_3

Fair Values of Assets and Liabilities - Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Assets
Separate account assets at NAV	$ 79,753	$ 77,457
Market risk benefits	1,964	1,427	$ 990
Liabilities
Liabilities: embedded derivatives, net	2,573	1,945
Market risk benefits	1,335	1,762	$ 2,123
Ameriprise Financial
Assets
Available-for-Sale securities, at fair value	52,246	51,562
Ameriprise Financial \| Corporate debt securities
Assets
Available-for-Sale securities, at fair value	12,854	12,576
Ameriprise Financial \| Residential mortgage backed securities
Assets
Available-for-Sale securities, at fair value	21,442	21,066
Ameriprise Financial \| Commercial mortgage backed securities
Assets
Available-for-Sale securities, at fair value	6,023	6,050
Ameriprise Financial \| Asset backed securities
Assets
Available-for-Sale securities, at fair value	8,156	8,319
Ameriprise Financial \| State and municipal obligations
Assets
Available-for-Sale securities, at fair value	758	760
Ameriprise Financial \| U.S. government and agencies obligations
Assets
Available-for-Sale securities, at fair value	2,982	2,740
Ameriprise Financial \| Foreign government bonds and obligations
Assets
Available-for-Sale securities, at fair value	18	18
Ameriprise Financial \| Other securities
Assets
Available-for-Sale securities, at fair value	13	33
Ameriprise Financial \| Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Cumulative increase (decrease) in embedded derivatives of adjustment for nonperformance risk	(197)	(195)
Ameriprise Financial \| Level 3 \| Corporate debt securities
Assets
Available-for-Sale securities, at fair value	505	469
Ameriprise Financial \| Level 3 \| Asset backed securities
Assets
Available-for-Sale securities, at fair value	1	1
Ameriprise Financial \| Level 3 \| Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives	54	51
Ameriprise Financial \| Level 3 \| Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities: embedded derivatives	52	49
Ameriprise Financial \| Level 3 \| IUL embedded derivatives
Liabilities
Liabilities: embedded derivatives	888	873
Ameriprise Financial \| Level 3 \| Structured variable annuity embedded derivatives
Liabilities
Liabilities: embedded derivatives, net	1,620	1,011
Ameriprise Financial \| Recurring basis
Assets
Cash equivalents	4,540	5,029
Available-for-Sale securities, at fair value	52,246	51,562
Investments at net asset value	10	10
Trading and other securities	315	290
Separate account assets at NAV	79,753	77,457
Investments and cash equivalents segregated for regulatory purposes	777	699
Market risk benefits	1,964	1,427
Other assets: derivative contracts	7,037	5,245
Total assets at fair value	146,696	141,770
Liabilities
Market risk benefits	1,335	1,762
Other	358	338
Other liabilities	5,317	4,221
Total liabilities at fair value	9,225	7,928
Ameriprise Financial \| Recurring basis \| Corporate debt securities
Assets
Available-for-Sale securities, at fair value	12,854	12,576
Ameriprise Financial \| Recurring basis \| Residential mortgage backed securities
Assets
Available-for-Sale securities, at fair value	21,442	21,066
Ameriprise Financial \| Recurring basis \| Commercial mortgage backed securities
Assets
Available-for-Sale securities, at fair value	6,023	6,050
Ameriprise Financial \| Recurring basis \| Asset backed securities
Assets
Available-for-Sale securities, at fair value	8,156	8,319
Ameriprise Financial \| Recurring basis \| State and municipal obligations
Assets
Available-for-Sale securities, at fair value	758	760
Ameriprise Financial \| Recurring basis \| U.S. government and agencies obligations
Assets
Available-for-Sale securities, at fair value	2,982	2,740
Ameriprise Financial \| Recurring basis \| Foreign government bonds and obligations
Assets
Available-for-Sale securities, at fair value	18	18
Ameriprise Financial \| Recurring basis \| Other securities
Assets
Available-for-Sale securities, at fair value	13	33
Ameriprise Financial \| Recurring basis \| Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives	54	51
Ameriprise Financial \| Recurring basis \| Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Liabilities: embedded derivatives, net	2,564	1,936
Ameriprise Financial \| Recurring basis \| Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities: embedded derivatives	56	52
Ameriprise Financial \| Recurring basis \| IUL embedded derivatives
Liabilities
Liabilities: embedded derivatives	888	873
Ameriprise Financial \| Recurring basis \| Structured variable annuity embedded derivatives
Liabilities
Liabilities: embedded derivatives, net	1,620	1,011
Ameriprise Financial \| Recurring basis \| Customer deposits - SMC embedded derivatives
Liabilities
Liabilities: embedded derivatives	9	9
Ameriprise Financial \| Recurring basis \| Interest rate derivative contracts
Assets
Other assets: derivative contracts	189	185
Liabilities
Other liabilities: derivative contracts	347	305
Ameriprise Financial \| Recurring basis \| Equity derivative contracts
Assets
Other assets: derivative contracts	6,823	5,034
Liabilities
Other liabilities: derivative contracts	4,592	3,464
Ameriprise Financial \| Recurring basis \| Credit derivative contracts
Assets
Other assets: derivative contracts		4
Liabilities
Other liabilities: derivative contracts	16	107
Ameriprise Financial \| Recurring basis \| Foreign exchange derivative contracts
Assets
Other assets: derivative contracts	25	22
Liabilities
Other liabilities: derivative contracts	4	7
Ameriprise Financial \| Recurring basis \| Level 1
Assets
Cash equivalents	740	704
Available-for-Sale securities, at fair value	2,982	2,740
Trading and other securities	292	265
Investments and cash equivalents segregated for regulatory purposes	777	699
Market risk benefits	0	0
Other assets: derivative contracts	92	68
Total assets at fair value	4,883	4,476
Liabilities
Market risk benefits	0	0
Other	283	259
Other liabilities	430	357
Total liabilities at fair value	430	357
Ameriprise Financial \| Recurring basis \| Level 1 \| Corporate debt securities
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial \| Recurring basis \| Level 1 \| Residential mortgage backed securities
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial \| Recurring basis \| Level 1 \| Commercial mortgage backed securities
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial \| Recurring basis \| Level 1 \| Asset backed securities
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial \| Recurring basis \| Level 1 \| State and municipal obligations
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial \| Recurring basis \| Level 1 \| U.S. government and agencies obligations
Assets
Available-for-Sale securities, at fair value	2,982	2,740
Ameriprise Financial \| Recurring basis \| Level 1 \| Foreign government bonds and obligations
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial \| Recurring basis \| Level 1 \| Other securities
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial \| Recurring basis \| Level 1 \| Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives	0	0
Ameriprise Financial \| Recurring basis \| Level 1 \| Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Liabilities: embedded derivatives, net	0	0
Ameriprise Financial \| Recurring basis \| Level 1 \| Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities: embedded derivatives	0	0
Ameriprise Financial \| Recurring basis \| Level 1 \| IUL embedded derivatives
Liabilities
Liabilities: embedded derivatives	0	0
Ameriprise Financial \| Recurring basis \| Level 1 \| Structured variable annuity embedded derivatives
Liabilities
Liabilities: embedded derivatives, net	0	0
Ameriprise Financial \| Recurring basis \| Level 1 \| Customer deposits - SMC embedded derivatives
Liabilities
Liabilities: embedded derivatives	0	0
Ameriprise Financial \| Recurring basis \| Level 1 \| Interest rate derivative contracts
Assets
Other assets: derivative contracts	0	1
Liabilities
Other liabilities: derivative contracts	0	1
Ameriprise Financial \| Recurring basis \| Level 1 \| Equity derivative contracts
Assets
Other assets: derivative contracts	92	66
Liabilities
Other liabilities: derivative contracts	147	96
Ameriprise Financial \| Recurring basis \| Level 1 \| Credit derivative contracts
Assets
Other assets: derivative contracts		0
Liabilities
Other liabilities: derivative contracts	0	0
Ameriprise Financial \| Recurring basis \| Level 1 \| Foreign exchange derivative contracts
Assets
Other assets: derivative contracts	0	1
Liabilities
Other liabilities: derivative contracts	0	1
Ameriprise Financial \| Recurring basis \| Level 2
Assets
Cash equivalents	3,800	4,325
Available-for-Sale securities, at fair value	48,733	48,352
Trading and other securities	23	25
Investments and cash equivalents segregated for regulatory purposes	0	0
Market risk benefits	0	0
Other assets: derivative contracts	6,945	5,177
Total assets at fair value	59,501	57,879
Liabilities
Market risk benefits	0	0
Other	4	3
Other liabilities	4,816	3,788
Total liabilities at fair value	4,829	3,800
Ameriprise Financial \| Recurring basis \| Level 2 \| Corporate debt securities
Assets
Available-for-Sale securities, at fair value	12,349	12,107
Ameriprise Financial \| Recurring basis \| Level 2 \| Residential mortgage backed securities
Assets
Available-for-Sale securities, at fair value	21,417	21,066
Ameriprise Financial \| Recurring basis \| Level 2 \| Commercial mortgage backed securities
Assets
Available-for-Sale securities, at fair value	6,023	6,050
Ameriprise Financial \| Recurring basis \| Level 2 \| Asset backed securities
Assets
Available-for-Sale securities, at fair value	8,155	8,318
Ameriprise Financial \| Recurring basis \| Level 2 \| State and municipal obligations
Assets
Available-for-Sale securities, at fair value	758	760
Ameriprise Financial \| Recurring basis \| Level 2 \| U.S. government and agencies obligations
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial \| Recurring basis \| Level 2 \| Foreign government bonds and obligations
Assets
Available-for-Sale securities, at fair value	18	18
Ameriprise Financial \| Recurring basis \| Level 2 \| Other securities
Assets
Available-for-Sale securities, at fair value	13	33
Ameriprise Financial \| Recurring basis \| Level 2 \| Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives	0	0
Ameriprise Financial \| Recurring basis \| Level 2 \| Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Liabilities: embedded derivatives, net	4	3
Ameriprise Financial \| Recurring basis \| Level 2 \| Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities: embedded derivatives	4	3
Ameriprise Financial \| Recurring basis \| Level 2 \| IUL embedded derivatives
Liabilities
Liabilities: embedded derivatives	0	0
Ameriprise Financial \| Recurring basis \| Level 2 \| Structured variable annuity embedded derivatives
Liabilities
Liabilities: embedded derivatives, net	0	0
Ameriprise Financial \| Recurring basis \| Level 2 \| Customer deposits - SMC embedded derivatives
Liabilities
Liabilities: embedded derivatives	9	9
Ameriprise Financial \| Recurring basis \| Level 2 \| Interest rate derivative contracts
Assets
Other assets: derivative contracts	189	184
Liabilities
Other liabilities: derivative contracts	347	304
Ameriprise Financial \| Recurring basis \| Level 2 \| Equity derivative contracts
Assets
Other assets: derivative contracts	6,731	4,968
Liabilities
Other liabilities: derivative contracts	4,445	3,368
Ameriprise Financial \| Recurring basis \| Level 2 \| Credit derivative contracts
Assets
Other assets: derivative contracts		4
Liabilities
Other liabilities: derivative contracts	16	107
Ameriprise Financial \| Recurring basis \| Level 2 \| Foreign exchange derivative contracts
Assets
Other assets: derivative contracts	25	21
Liabilities
Other liabilities: derivative contracts	4	6
Ameriprise Financial \| Recurring basis \| Level 3
Assets
Cash equivalents	0	0
Available-for-Sale securities, at fair value	531	470
Trading and other securities	0	0
Investments and cash equivalents segregated for regulatory purposes	0	0
Market risk benefits	1,964	1,427
Other assets: derivative contracts	0	0
Total assets at fair value	2,549	1,948
Liabilities
Market risk benefits	1,335	1,762
Other	71	76
Other liabilities	71	76
Total liabilities at fair value	3,966	3,771
Ameriprise Financial \| Recurring basis \| Level 3 \| Corporate debt securities
Assets
Available-for-Sale securities, at fair value	505	469
Ameriprise Financial \| Recurring basis \| Level 3 \| Residential mortgage backed securities
Assets
Available-for-Sale securities, at fair value	25	0
Ameriprise Financial \| Recurring basis \| Level 3 \| Commercial mortgage backed securities
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial \| Recurring basis \| Level 3 \| Asset backed securities
Assets
Available-for-Sale securities, at fair value	1	1
Ameriprise Financial \| Recurring basis \| Level 3 \| State and municipal obligations
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial \| Recurring basis \| Level 3 \| U.S. government and agencies obligations
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial \| Recurring basis \| Level 3 \| Foreign government bonds and obligations
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial \| Recurring basis \| Level 3 \| Other securities
Assets
Available-for-Sale securities, at fair value	0	0
Ameriprise Financial \| Recurring basis \| Level 3 \| Fixed deferred indexed annuities ceded embedded derivatives
Assets
Receivables: embedded derivatives	54	51
Ameriprise Financial \| Recurring basis \| Level 3 \| Policyholder account balances, future policy benefits and claims embedded derivatives
Liabilities
Liabilities: embedded derivatives, net	2,560	1,933
Ameriprise Financial \| Recurring basis \| Level 3 \| Fixed deferred indexed annuities embedded derivatives
Liabilities
Liabilities: embedded derivatives	52	49
Ameriprise Financial \| Recurring basis \| Level 3 \| IUL embedded derivatives
Liabilities
Liabilities: embedded derivatives	888	873
Ameriprise Financial \| Recurring basis \| Level 3 \| Structured variable annuity embedded derivatives
Liabilities
Liabilities: embedded derivatives, net	1,620	1,011
Ameriprise Financial \| Recurring basis \| Level 3 \| Customer deposits - SMC embedded derivatives
Liabilities
Liabilities: embedded derivatives	0	0
Ameriprise Financial \| Recurring basis \| Level 3 \| Interest rate derivative contracts
Assets
Other assets: derivative contracts	0	0
Liabilities
Other liabilities: derivative contracts	0	0
Ameriprise Financial \| Recurring basis \| Level 3 \| Equity derivative contracts
Assets
Other assets: derivative contracts	0	0
Liabilities
Other liabilities: derivative contracts	0	0
Ameriprise Financial \| Recurring basis \| Level 3 \| Credit derivative contracts
Assets
Other assets: derivative contracts		0
Liabilities
Other liabilities: derivative contracts	0	0
Ameriprise Financial \| Recurring basis \| Level 3 \| Foreign exchange derivative contracts
Assets
Other assets: derivative contracts	0	0
Liabilities
Other liabilities: derivative contracts	$ 0	$ 0

Fair Values of Assets and Lia_4

Fair Values of Assets and Liabilities - Changes in Level 3 Assets (Details) - Ameriprise Financial - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Available-for-Sale securities
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	$ 470	$ 411
Total gains (losses) included in Net income	0
Total gains (losses) included in Other comprehensive income (loss)	(3)	8
Purchases	77	55
Settlements	(13)	(29)
Balance, ending	531	445
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period	(3)	8
Corporate debt securities
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	469	405
Total gains (losses) included in Net income	0
Total gains (losses) included in Other comprehensive income (loss)	(3)	8
Purchases	52	55
Settlements	(13)	(28)
Balance, ending	505	440
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period	(3)	8
Residential mortgage backed securities
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	0
Total gains (losses) included in Net income	0
Total gains (losses) included in Other comprehensive income (loss)	0
Purchases	25
Settlements	0
Balance, ending	25
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period	0
Asset backed securities
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	1	6
Total gains (losses) included in Net income	0
Total gains (losses) included in Other comprehensive income (loss)	0	0
Purchases	0	0
Settlements	0	(1)
Balance, ending	1	5
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period	0	0
Fixed deferred indexed annuities ceded embedded derivatives
Summary of changes in Level 3 assets measured at fair value on a recurring basis
Balance, beginning	51	48
Total gains (losses) included in Net income	4
Total gains (losses) included in Other comprehensive income (loss)	0	0
Purchases	0	0
Settlements	(1)	0
Balance, ending	54	48
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets held at end of period	$ 0	$ 0

Fair Values of Assets and Lia_5

Fair Values of Assets and Liabilities - Changes in Level 3 Liabilities (Details) - Ameriprise Financial - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Changes in Level 3 liabilities measured at fair value on a recurring basis
Net increase (decrease) to pretax income from adjustment for nonperformance risk on the fair value of embedded derivatives	$ 0	$ 57
Policyholder account balances, future policy benefits and claims embedded derivatives
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning	1,933	646
Total (gains) losses included in Net income	674	302
Other comprehensive income (loss)		0
Issues	43	36
Settlements	(90)	(27)
Balance, ending	2,560	957
Changes in unrealized (gains) losses in net income relating to liabilities held at end of period	670	301
Fixed deferred indexed annuities embedded derivatives
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning	49	44
Total (gains) losses included in Net income	4	1
Other comprehensive income (loss)		0
Issues	0	0
Settlements	(1)	(1)
Balance, ending	52	44
Changes in unrealized (gains) losses in net income relating to liabilities held at end of period	0	0
IUL embedded derivatives
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning	873	739
Total (gains) losses included in Net income	42	38
Other comprehensive income (loss)		0
Issues	6	24
Settlements	(33)	(30)
Balance, ending	888	771
Changes in unrealized (gains) losses in net income relating to liabilities held at end of period	42	38
Structured variable annuity embedded derivatives
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning	1,011	(137)
Total (gains) losses included in Net income	628	263
Other comprehensive income (loss)		0
Issues	37	12
Settlements	(56)	4
Balance, ending	1,620	142
Changes in unrealized (gains) losses in net income relating to liabilities held at end of period	628	263
Other liabilities
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance, beginning	76	62
Total (gains) losses included in Net income	0	0
Other comprehensive income (loss)		1
Issues	3	14
Settlements	(8)	(7)
Balance, ending	71	70
Changes in unrealized (gains) losses in net income relating to liabilities held at end of period	$ 0	$ 0

Fair Values of Assets and Lia_6

Fair Values of Assets and Liabilities - Significant Unobservable inputs (Details) $ in Millions	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Significant unobservable inputs used in fair value measurements
Liabilities: embedded derivatives, net	$ 2,573	$ 1,945
Ameriprise Financial
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, at fair value	52,246	51,562
Ameriprise Financial \| Corporate debt securities
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, at fair value	12,854	12,576
Ameriprise Financial \| Asset backed securities
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, at fair value	8,156	8,319
Ameriprise Financial \| Level 3 \| Corporate debt securities
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, at fair value	505	469
Ameriprise Financial \| Level 3 \| Asset backed securities
Significant unobservable inputs used in fair value measurements
Available-for-Sale securities, at fair value	1	1
Ameriprise Financial \| Level 3 \| Fixed deferred indexed annuities ceded embedded derivatives
Significant unobservable inputs used in fair value measurements
Receivables: embedded derivatives	54	51
Ameriprise Financial \| Level 3 \| Fixed deferred indexed annuities embedded derivatives
Significant unobservable inputs used in fair value measurements
Liabilities: embedded derivatives	52	49
Ameriprise Financial \| Level 3 \| IUL embedded derivatives
Significant unobservable inputs used in fair value measurements
Liabilities: embedded derivatives	888	873
Ameriprise Financial \| Level 3 \| Structured variable annuity embedded derivatives
Significant unobservable inputs used in fair value measurements
Liabilities: embedded derivatives, net	1,620	1,011
Ameriprise Financial \| Level 3 \| Contingent consideration liabilities
Significant unobservable inputs used in fair value measurements
Other liabilities, fair value	$ 71	$ 76
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Corporate debt securities \| Minimum \| Yield/spread to U.S. Treasuries
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs	0.009	0.010
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Corporate debt securities \| Maximum \| Yield/spread to U.S. Treasuries
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs	0.023	0.024
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Corporate debt securities \| Weighted Average \| Yield/spread to U.S. Treasuries
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs	0.013	0.012
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Asset backed securities \| Annual short-term default rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs	0.040	0.030
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Asset backed securities \| Annual long-term default rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs	0.035	0.035
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Asset backed securities \| Discount rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs	0.270	0.290
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Asset backed securities \| Constant prepayment rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs	0.120	0.100
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Asset backed securities \| Loss recovery
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs	0.550	0.636
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Asset backed securities \| Weighted Average \| Annual short-term default rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs	0.040	0.030
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Asset backed securities \| Weighted Average \| Annual long-term default rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs	0.035	0.035
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Asset backed securities \| Weighted Average \| Discount rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs	0.270	0.290
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Asset backed securities \| Weighted Average \| Constant prepayment rate
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs	0.120	0.100
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Asset backed securities \| Weighted Average \| Loss recovery
Significant unobservable inputs used in fair value measurements
Available-for-sale securities, measurement inputs	0.550	0.636
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Fixed deferred indexed annuities ceded embedded derivatives \| Minimum \| Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative asset, measurement input	0	0
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Fixed deferred indexed annuities ceded embedded derivatives \| Maximum \| Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative asset, measurement input	0.668	0.668
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Fixed deferred indexed annuities ceded embedded derivatives \| Weighted Average \| Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative asset, measurement input	0.014	0.014
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Fixed deferred indexed annuities embedded derivatives \| Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0.0075	0.0085
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Fixed deferred indexed annuities embedded derivatives \| Minimum \| Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0	0
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Fixed deferred indexed annuities embedded derivatives \| Maximum \| Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0.668	0.668
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Fixed deferred indexed annuities embedded derivatives \| Weighted Average \| Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0.014	0.014
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Fixed deferred indexed annuities embedded derivatives \| Weighted Average \| Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0.0075	0.0085
Ameriprise Financial \| Level 3 \| Discounted cash flow \| IUL embedded derivatives \| Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0.0075	0.0085
Ameriprise Financial \| Level 3 \| Discounted cash flow \| IUL embedded derivatives \| Weighted Average \| Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0.0075	0.0085
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Structured variable annuity embedded derivatives \| Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0.0075	0.0085
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Structured variable annuity embedded derivatives \| Minimum \| Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0.005	0.005
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Structured variable annuity embedded derivatives \| Maximum \| Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0.750	0.750
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Structured variable annuity embedded derivatives \| Weighted Average \| Surrender rate
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0.026	0.026
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Structured variable annuity embedded derivatives \| Weighted Average \| Nonperformance risk
Significant unobservable inputs used in fair value measurements
Embedded derivative liability, measurement input	0.0075	0.0085
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Contingent consideration liabilities \| Minimum \| Discount rate
Significant unobservable inputs used in fair value measurements
Other liabilities, measurement input	0	0
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Contingent consideration liabilities \| Maximum \| Discount rate
Significant unobservable inputs used in fair value measurements
Other liabilities, measurement input	0.105	0.105
Ameriprise Financial \| Level 3 \| Discounted cash flow \| Contingent consideration liabilities \| Weighted Average \| Discount rate
Significant unobservable inputs used in fair value measurements
Other liabilities, measurement input	0.029	0.029

Fair Values of Assets and Lia_7

Fair Values of Assets and Liabilities - Non-Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
VIEs, not primary beneficiary \| Affordable Housing Partnerships \| Nonrecurring basis \| Level 3
Assets and liabilities measured at fair value
Investment balance	$ 38	$ 41

Fair Values of Assets and Lia_8

Fair Values of Assets and Liabilities - Financial Instruments Not Reported at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Financial Liabilities
Separate account liabilities - investment contracts	$ 79,753	$ 77,457	$ 73,962
Ameriprise Financial
Financial Assets
Mortgage loans, net	2,155	2,118
Policy loans	926	912
Ameriprise Financial \| Carrying Value
Financial Assets
Mortgage loans, net	2,155	2,118
Policy loans	926	912
Receivables	9,415	9,453
Restricted and segregated cash	814	936
Other investments and assets	332	338
Financial Liabilities
Policyholder account balances, future policy benefits and claims	17,404	16,641
Investment certificate reserves	13,202	13,461
Banking and brokerage deposits	23,806	23,886
Debt and other liabilities	3,912	3,769
Ameriprise Financial \| Carrying Value \| Investment contracts
Financial Liabilities
Separate account liabilities - investment contracts	3,069	3,155
Ameriprise Financial \| Fair Value
Financial Assets
Mortgage loans, net	2,007	1,972
Policy loans	926	912
Receivables	8,232	8,344
Restricted and segregated cash	814	936
Other investments and assets	333	338
Financial Liabilities
Policyholder account balances, future policy benefits and claims	14,938	14,243
Investment certificate reserves	13,152	13,420
Banking and brokerage deposits	23,806	23,886
Debt and other liabilities	3,885	3,781
Ameriprise Financial \| Fair Value \| Investment contracts
Financial Liabilities
Separate account liabilities - investment contracts	3,069	3,155
Ameriprise Financial \| Level 1 \| Fair Value
Financial Assets
Mortgage loans, net	0	0
Policy loans	0	0
Receivables	281	146
Restricted and segregated cash	814	936
Other investments and assets	0	0
Financial Liabilities
Policyholder account balances, future policy benefits and claims	0	0
Investment certificate reserves	0	0
Banking and brokerage deposits	23,806	23,886
Debt and other liabilities	309	166
Ameriprise Financial \| Level 1 \| Fair Value \| Investment contracts
Financial Liabilities
Separate account liabilities - investment contracts	0	0
Ameriprise Financial \| Level 2 \| Fair Value
Financial Assets
Mortgage loans, net	308	280
Policy loans	926	912
Receivables	1,583	1,621
Restricted and segregated cash	0	0
Other investments and assets	282	283
Financial Liabilities
Policyholder account balances, future policy benefits and claims	0	0
Investment certificate reserves	0	0
Banking and brokerage deposits	0	0
Debt and other liabilities	3,572	3,610
Ameriprise Financial \| Level 2 \| Fair Value \| Investment contracts
Financial Liabilities
Separate account liabilities - investment contracts	3,069	3,155
Ameriprise Financial \| Level 3 \| Fair Value
Financial Assets
Mortgage loans, net	1,699	1,692
Policy loans	0	0
Receivables	6,368	6,577
Restricted and segregated cash	0	0
Other investments and assets	51	55
Financial Liabilities
Policyholder account balances, future policy benefits and claims	14,938	14,243
Investment certificate reserves	13,152	13,420
Banking and brokerage deposits	0	0
Debt and other liabilities	4	5
Ameriprise Financial \| Level 3 \| Fair Value \| Investment contracts
Financial Liabilities
Separate account liabilities - investment contracts	$ 0	$ 0

Offsetting Assets and Liabili_3

Offsetting Assets and Liabilities - Assets (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Derivatives:
Gross Amounts of Recognized Assets	$ 7,037	$ 5,245
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Assets Presented in the Consolidated Balance Sheets	7,037	5,245
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(4,844)	(3,734)
Cash Collateral	(1,591)	(1,114)
Securities Collateral	(487)	(357)
Net Amount	115	40
Securities borrowed
Gross Amounts of Recognized Assets	281	146
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Assets Presented in the Consolidated Balance Sheets	281	146
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(27)	(32)
Cash Collateral	0	0
Securities Collateral	(249)	(111)
Net Amount	5	3
Total
Gross Amounts of Recognized Assets	7,318	5,391
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Assets Presented in the Consolidated Balance Sheets	7,318	5,391
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(4,871)	(3,766)
Cash Collateral	(1,591)	(1,114)
Securities Collateral	(736)	(468)
Net Amount	120	43
OTC
Derivatives:
Gross Amounts of Recognized Assets	6,985	5,197
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Assets Presented in the Consolidated Balance Sheets	6,985	5,197
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(4,833)	(3,707)
Cash Collateral	(1,591)	(1,114)
Securities Collateral	(487)	(357)
Net Amount	74	19
OTC cleared
Derivatives:
Gross Amounts of Recognized Assets	5	9
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Assets Presented in the Consolidated Balance Sheets	5	9
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(4)	(9)
Cash Collateral	0	0
Securities Collateral	0	0
Net Amount	1	0
Exchange-traded
Derivatives:
Gross Amounts of Recognized Assets	47	39
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Assets Presented in the Consolidated Balance Sheets	47	39
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(7)	(18)
Cash Collateral	0	0
Securities Collateral	0	0
Net Amount	$ 40	$ 21

Offsetting Assets and Liabili_4

Offsetting Assets and Liabilities - Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Derivatives:
Gross Amounts of Recognized Liabilities	$ 4,959	$ 3,883
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Liabilities Presented in the Consolidated Balance Sheets	4,959	3,883
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(4,844)	(3,734)
Cash Collateral	0	(36)
Securities Collateral	(106)	(78)
Net Amount	9	35
Securities loaned
Gross Amounts of Recognized Liabilities	309	163
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Liabilities Presented in the Consolidated Balance Sheets	309	163
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(27)	(32)
Cash Collateral	0	0
Securities Collateral	(275)	(126)
Net Amount	7	5
Total
Gross Amounts of Recognized Liabilities	5,268	4,046
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Liabilities Presented in the Consolidated Balance Sheets	5,268	4,046
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(4,871)	(3,766)
Cash Collateral	0	(36)
Securities Collateral	(381)	(204)
Net Amount	16	40
OTC
Derivatives:
Gross Amounts of Recognized Liabilities	4,944	3,829
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Liabilities Presented in the Consolidated Balance Sheets	4,944	3,829
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(4,833)	(3,707)
Cash Collateral	0	(36)
Securities Collateral	(106)	(78)
Net Amount	5	8
OTC cleared
Derivatives:
Gross Amounts of Recognized Liabilities	8	35
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Liabilities Presented in the Consolidated Balance Sheets	8	35
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(4)	(9)
Cash Collateral	0	0
Securities Collateral	0	0
Net Amount	4	26
Exchange-traded
Derivatives:
Gross Amounts of Recognized Liabilities	7	19
Gross Amounts Offset in the Consolidated Balance Sheets	0	0
Amounts of Liabilities Presented in the Consolidated Balance Sheets	7	19
Gross Amounts Not Offset in the Consolidated Balance Sheets
Financial Instruments	(7)	(18)
Cash Collateral	0	0
Securities Collateral	0	0
Net Amount	$ 0	$ 1

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Notional Value and Gross Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Derivatives and Hedging Activities
Notional	$ 138,854	$ 132,362
Gross Fair Value Assets, freestanding derivatives	7,037	5,245
Gross Fair Value Liabilities, freestanding derivatives	4,959	3,883
Fair Value, embedded derivatives, net	2,573	1,945
Total Gross Fair Value, derivative assets	7,091	5,296
Total Gross Fair Value, derivative liabilities	7,532	5,828
Fair value of investment securities received as collateral	497	376
Fair value of investment securities received as collateral that can be repledged	417	314
Fair value of investment securities received as collateral that were repledged	0	0
Ameriprise Financial
Derivatives and Hedging Activities
Available-for-Sale securities, at fair value	52,246	51,562
Ameriprise Financial \| Assets pledged to meet contractual obligations
Derivatives and Hedging Activities
Available-for-Sale securities, at fair value	1,600	1,500
Ameriprise Financial \| Assets pledged to meet contractual obligations, which may be sold, pledged or rehypothecated by the counterparty
Derivatives and Hedging Activities
Available-for-Sale securities, at fair value	390	145
Receivables
Derivatives and Hedging Activities
Gross Fair Value Assets, embedded derivatives	54	51
IUL embedded derivatives \| Policyholder account balances, future policy benefits and claims
Derivatives and Hedging Activities
Gross Fair Value Liabilities, embedded derivatives	888	873
Fixed deferred indexed annuities ceded embedded derivatives \| Receivables
Derivatives and Hedging Activities
Gross Fair Value Assets, embedded derivatives	54	51
Fixed deferred indexed annuities embedded derivatives \| Policyholder account balances, future policy benefits and claims
Derivatives and Hedging Activities
Gross Fair Value Liabilities, embedded derivatives	56	52
Structured variable annuities
Derivatives and Hedging Activities
Gross Fair Value Assets, embedded derivatives	1	15
Gross Fair Value Liabilities, embedded derivatives	1,600	1,000
Structured variable annuities \| Policyholder account balances, future policy benefits and claims
Derivatives and Hedging Activities
Fair Value, embedded derivatives, net	1,620	1,011
SMC embedded derivatives \| Customer deposits
Derivatives and Hedging Activities
Gross Fair Value Liabilities, embedded derivatives	9	9
Designated as hedging instruments
Derivatives and Hedging Activities
Notional	0	61
Designated as hedging instruments \| Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	0	0
Designated as hedging instruments \| Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	0	3
Designated as hedging instruments \| Foreign exchange contracts
Derivatives and Hedging Activities
Notional	0	61
Designated as hedging instruments \| Foreign exchange contracts \| Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	0	0
Designated as hedging instruments \| Foreign exchange contracts \| Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	0	3
Not designated as hedging instruments
Derivatives and Hedging Activities
Notional	138,854	132,301
Not designated as hedging instruments \| Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	7,037	5,245
Not designated as hedging instruments \| Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	4,959	3,880
Not designated as hedging instruments \| Foreign exchange contracts
Derivatives and Hedging Activities
Notional	3,257	3,262
Not designated as hedging instruments \| Foreign exchange contracts \| Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	25	22
Not designated as hedging instruments \| Foreign exchange contracts \| Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	4	4
Not designated as hedging instruments \| Interest rate contracts
Derivatives and Hedging Activities
Notional	42,005	42,523
Not designated as hedging instruments \| Interest rate contracts \| Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	189	185
Not designated as hedging instruments \| Interest rate contracts \| Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	347	305
Not designated as hedging instruments \| Equity contracts
Derivatives and Hedging Activities
Notional	90,473	83,080
Not designated as hedging instruments \| Equity contracts \| Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	6,823	5,034
Not designated as hedging instruments \| Equity contracts \| Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	4,592	3,464
Not designated as hedging instruments \| Credit contracts
Derivatives and Hedging Activities
Notional	3,119	3,436
Not designated as hedging instruments \| Credit contracts \| Other assets
Derivatives and Hedging Activities
Gross Fair Value Assets, freestanding derivatives	0	4
Not designated as hedging instruments \| Credit contracts \| Other liabilities
Derivatives and Hedging Activities
Gross Fair Value Liabilities, freestanding derivatives	$ 16	$ 107

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Derivatives Not Designated as Hedges Impact (Details) - Not designated as hedging instruments - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net Investment Income
Impact of derivatives not designated as hedging instruments
Total gain (loss)	$ (2)	$ (1)
Net Investment Income \| Interest rate contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Net Investment Income \| Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(2)	(1)
Net Investment Income \| Credit contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Net Investment Income \| Foreign exchange contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Net Investment Income \| IUL embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Net Investment Income \| Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Net Investment Income \| Structured variable annuity embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Net Investment Income \| SMC embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Banking and Deposit Interest Expense
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	(1)
Banking and Deposit Interest Expense \| Interest rate contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Banking and Deposit Interest Expense \| Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	1	1
Banking and Deposit Interest Expense \| Credit contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Banking and Deposit Interest Expense \| Foreign exchange contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Banking and Deposit Interest Expense \| IUL embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Banking and Deposit Interest Expense \| Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Banking and Deposit Interest Expense \| Structured variable annuity embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Banking and Deposit Interest Expense \| SMC embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(1)	(2)
Distribution Expenses
Impact of derivatives not designated as hedging instruments
Total gain (loss)	65	44
Distribution Expenses \| Interest rate contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Distribution Expenses \| Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	66	43
Distribution Expenses \| Credit contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(1)	1
Distribution Expenses \| Foreign exchange contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Distribution Expenses \| IUL embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Distribution Expenses \| Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Distribution Expenses \| Structured variable annuity embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Distribution Expenses \| SMC embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Interest Credited to Fixed Accounts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	22	10
Interest Credited to Fixed Accounts \| Interest rate contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Interest Credited to Fixed Accounts \| Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	32	19
Interest Credited to Fixed Accounts \| Credit contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Interest Credited to Fixed Accounts \| Foreign exchange contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Interest Credited to Fixed Accounts \| IUL embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(9)	(8)
Interest Credited to Fixed Accounts \| Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(1)	(1)
Interest Credited to Fixed Accounts \| Structured variable annuity embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Interest Credited to Fixed Accounts \| SMC embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Benefits, Claims, Losses and Settlement Expenses
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(38)	(93)
Benefits, Claims, Losses and Settlement Expenses \| Interest rate contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(8)	6
Benefits, Claims, Losses and Settlement Expenses \| Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	598	164
Benefits, Claims, Losses and Settlement Expenses \| Credit contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Benefits, Claims, Losses and Settlement Expenses \| Foreign exchange contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Benefits, Claims, Losses and Settlement Expenses \| IUL embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Benefits, Claims, Losses and Settlement Expenses \| Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Benefits, Claims, Losses and Settlement Expenses \| Structured variable annuity embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(628)	(263)
Benefits, Claims, Losses and Settlement Expenses \| SMC embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Change in Fair Value of Market Risk Benefits
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(993)	(256)
Change in Fair Value of Market Risk Benefits \| Interest rate contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(533)	247
Change in Fair Value of Market Risk Benefits \| Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(559)	(462)
Change in Fair Value of Market Risk Benefits \| Credit contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	65	(33)
Change in Fair Value of Market Risk Benefits \| Foreign exchange contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	34	(8)
Change in Fair Value of Market Risk Benefits \| IUL embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Change in Fair Value of Market Risk Benefits \| Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Change in Fair Value of Market Risk Benefits \| Structured variable annuity embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
Change in Fair Value of Market Risk Benefits \| SMC embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
General and administrative expense
Impact of derivatives not designated as hedging instruments
Total gain (loss)	3	6
General and administrative expense \| Interest rate contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
General and administrative expense \| Equity contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	6	3
General and administrative expense \| Credit contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
General and administrative expense \| Foreign exchange contracts
Impact of derivatives not designated as hedging instruments
Total gain (loss)	(3)	3
General and administrative expense \| IUL embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
General and administrative expense \| Fixed deferred indexed annuity and deposit receivables embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
General and administrative expense \| Structured variable annuity embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	0	0
General and administrative expense \| SMC embedded derivatives
Impact of derivatives not designated as hedging instruments
Total gain (loss)	$ 0	$ 0

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Deferred Premium, Options (Details) - Options $ in Millions	Mar. 31, 2024 USD ($)
Premiums Payable
2024	$ 98
2025	120
2026	246
2027	20
2028	30
2029 - 2031	368
Total	882
Premiums Receivable
2024	7
2025	20
2026	88
2027	0
2028	0
2029 - 2031	0
Total	$ 115

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities - Hedges and Credit Risk (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Cash Flow Hedges
Longest period of time over which the entity hedges exposure to the variability in future cash flows	12 years
Net Investment Hedges
Gain (loss) on net investment hedges recognized in OCI	$ 0	$ (2)
Credit Risk
Aggregate fair value of derivative contracts in net liability position containing credit contingent provisions	41		$ 65
Aggregate fair value of assets posted as collateral	39		58
Aggregate fair value of additional assets required to be posted or needed to settle	2		$ 7
Interest and debt expense
Cash Flow Hedges
Gain (loss) related to cash flow hedges in AOCI that will be reclassified to earnings within next twelve months	$ 0.8

Shareholders' Equity - OCI Comp

Shareholders' Equity - OCI Components (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pretax
Total other comprehensive income (loss)	$ (206)	$ 717
Income Tax Benefit (Expense)
Total other comprehensive income (loss)	42	(156)
Net of Tax
Arising during the period	(164)	563
Reclassification to net income		(2)
Total other comprehensive income (loss), net of tax	(164)	561
Net unrealized gains (losses) on securities
Pretax
Total other comprehensive income (loss)	(228)	551
Income Tax Benefit (Expense)
Total other comprehensive income (loss)	50	(121)
Net of Tax
Arising during the period	(178)	432
Reclassification to net income		(2)
Total other comprehensive income (loss), net of tax	(178)	430
Net unrealized gains (losses) on securities arising during the period
Pretax
Arising during the period	(236)	566
Income Tax Benefit (Expense)
Arising during the period	52	(124)
Net of Tax
Arising during the period	(184)	442
Reclassification of net (gains) losses on securities included in net income
Pretax
Reclassification to net income	0	(3)
Income Tax Benefit (Expense)
Reclassification to net income	0	1
Net of Tax
Reclassification to net income	0	(2)
Impact of benefit reserves and reinsurance recoverables
Pretax
Arising during the period	8	(12)
Income Tax Benefit (Expense)
Arising during the period	(2)	2
Net of Tax
Arising during the period	6	(10)
Net unrealized gains (losses) on derivatives
Pretax
Arising during the period	0	3
Total other comprehensive income (loss)	0	3
Income Tax Benefit (Expense)
Arising during the period	0	(1)
Total other comprehensive income (loss)	0	(1)
Net of Tax
Arising during the period	0	2
Reclassification to net income		0
Total other comprehensive income (loss), net of tax	0	2
Effect of changes in discount rate assumptions on certain long-duration contracts
Pretax
Total other comprehensive income (loss)	88	(83)
Income Tax Benefit (Expense)
Total other comprehensive income (loss)	(19)	18
Net of Tax
Arising during the period	69	(65)
Reclassification to net income		0
Total other comprehensive income (loss), net of tax	69	(65)
Effect of changes in instrument-specific credit risk on MRBs
Pretax
Total other comprehensive income (loss)	(48)	204
Income Tax Benefit (Expense)
Total other comprehensive income (loss)	11	(43)
Net of Tax
Arising during the period	(37)	161
Reclassification to net income		0
Total other comprehensive income (loss), net of tax	(37)	161
Foreign currency translation
Pretax
Total other comprehensive income (loss)	(18)	42
Income Tax Benefit (Expense)
Total other comprehensive income (loss)	0	(9)
Net of Tax
Arising during the period	(18)	33
Reclassification to net income		0
Total other comprehensive income (loss), net of tax	$ (18)	$ 33

Shareholders' Equity - Changes

Shareholders' Equity - Changes in AOCI Components (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Changes in balances of each component of AOCI, net of tax
Beginning balance	$ 4,729	$ 3,803
OCI before reclassifications	(164)	563
Amounts reclassified from AOCI		(2)
Total other comprehensive income (loss), net of tax	(164)	561
Ending balance	4,879	4,144
Total AOCI
Changes in balances of each component of AOCI, net of tax
Beginning balance	(1,766)	(2,546)
Total other comprehensive income (loss), net of tax	(164)	561
Ending balance	(1,930)	(1,985)
Net unrealized gains (losses) on securities
Changes in balances of each component of AOCI, net of tax
Beginning balance	(1,241)	(2,043)
OCI before reclassifications	(178)	432
Amounts reclassified from AOCI		(2)
Total other comprehensive income (loss), net of tax	(178)	430
Ending balance	(1,419)	(1,613)
Net unrealized gains (losses) on derivatives
Changes in balances of each component of AOCI, net of tax
Beginning balance	5	3
OCI before reclassifications	0	2
Amounts reclassified from AOCI		0
Total other comprehensive income (loss), net of tax	0	2
Ending balance	5	5
Effect of changes in discount rate assumptions on certain long-duration contracts
Changes in balances of each component of AOCI, net of tax
Beginning balance	(126)	(72)
OCI before reclassifications	69	(65)
Amounts reclassified from AOCI		0
Total other comprehensive income (loss), net of tax	69	(65)
Ending balance	(57)	(137)
Effect of changes in instrument-specific credit risk on MRBs
Changes in balances of each component of AOCI, net of tax
Beginning balance	(85)	(20)
OCI before reclassifications	(37)	161
Amounts reclassified from AOCI		0
Total other comprehensive income (loss), net of tax	(37)	161
Ending balance	(122)	141
Defined benefit plans
Changes in balances of each component of AOCI, net of tax
Beginning balance	(60)	(75)
OCI before reclassifications	0	0
Amounts reclassified from AOCI		0
Total other comprehensive income (loss), net of tax	0	0
Ending balance	(60)	(75)
Foreign currency translation
Changes in balances of each component of AOCI, net of tax
Beginning balance	(258)	(338)
OCI before reclassifications	(18)	33
Amounts reclassified from AOCI		0
Total other comprehensive income (loss), net of tax	(18)	33
Ending balance	(276)	(305)
Other
Changes in balances of each component of AOCI, net of tax
Beginning balance	(1)	(1)
OCI before reclassifications	0	0
Amounts reclassified from AOCI		0
Total other comprehensive income (loss), net of tax	0	0
Ending balance	$ (1)	$ (1)

Shareholders' Equity - Shares R

Shareholders' Equity - Shares Repurchased and Reissued (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Jul. 24, 2023
Equity, Class of Treasury Stock [Line Items]
Repurchase of common shares	$ 706	$ 657
Stock repurchase program, authorized amount			$ 3,500
Remaining balance under stock repurchase program	$ 2,600
Reissuance of treasury stock (in shares)	0.7	0.6
Common Stock Repurchases
Equity, Class of Treasury Stock [Line Items]
Repurchase of common shares (in shares)	1.2	1.6
Repurchase of common shares	$ 507	$ 506
Restricted Stock Units Repurchases
Equity, Class of Treasury Stock [Line Items]
Repurchase of common shares (in shares)	0.3	0.3
Repurchase of common shares	$ 99	$ 87
Option Repurchases
Equity, Class of Treasury Stock [Line Items]
Repurchase of common shares (in shares)	0.2	0.2
Repurchase of common shares	$ 99	$ 63

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Income taxes
Effective tax rate on income from continuing operations (as a percent)	18.80%	15.90%
Valuation allowance, deferred tax assets	$ 66		$ 65
Gross unrecognized tax benefits	156		150
Unrecognized tax benefits, net of federal tax benefits, that would affect the effective tax rate if recognized	126		120
Amount of decrease in unrecognized tax benefits reasonably possible within next 12 months	27
Increase (decrease) in interest and penalties	2	$ 1
Payable related to accrued interest and penalties	28		$ 26
State net operating losses
Income taxes
Valuation allowance, deferred tax assets	31
State deferred tax assets
Income taxes
Valuation allowance, deferred tax assets	2
Foreign net operating losses
Income taxes
Valuation allowance, deferred tax assets	33
State
Income taxes
Deferred tax assets, loss carryforwards	32
Foreign
Income taxes
Deferred tax assets, loss carryforwards	$ 42

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Contingencies
Estimated liability related to guaranty fund assessments	$ 34	$ 34
Related premium tax asset	29	29
SEC document and information requests legal matter
Contingencies
Loss contingency accrual	$ 50	$ 50

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Numerator:
Net income, basic	$ 990	$ 417
Net income, diluted	$ 990	$ 417
Denominator:
Basic: Weighted-average common shares outstanding (in shares)	102.8	107.9
Effect of potentially dilutive nonqualified stock options and other share-based awards (in shares)	1.8	2.1
Diluted: Weighted-average common shares outstanding (in shares)	104.6	110
Earnings per share:
Basic (in dollars per share)	$ 9.63	$ 3.86
Diluted (in dollars per share)	$ 9.46	$ 3.79
Options excluded from earnings per share calculation due to their anti-dilutive effect (in shares)	0	0.3

Segment Information - Reportabl

Segment Information - Reportable Segments and Total Assets (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) segment	Dec. 31, 2023 USD ($)
Segment Reporting [Abstract]
Number of reportable segments \| segment	4
Summary of assets by segment
Total assets	$ 179,831	$ 175,191
Advice & Wealth Management
Summary of assets by segment
Total assets	42,937	42,983
Asset Management
Summary of assets by segment
Total assets	7,045	7,288
Retirement & Protection Solutions
Summary of assets by segment
Total assets	113,392	108,451
Corporate & Other
Summary of assets by segment
Total assets	$ 16,457	$ 16,469

Segment Information - Net Reven

Segment Information - Net Revenues and Operating Earnings (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net revenues
Total net revenues	$ 4,146	$ 3,742
Operating earnings
Pretax income (loss)	1,219	496
Reportable segments
Net revenues
Total net revenues	4,448	4,014
Operating earnings
Pretax income (loss)	1,078	978
Reportable segments \| Advice & Wealth Management
Net revenues
Total net revenues	2,560	2,265
Operating earnings
Pretax income (loss)	762	693
Reportable segments \| Asset Management
Net revenues
Total net revenues	855	799
Operating earnings
Pretax income (loss)	206	165
Reportable segments \| Retirement & Protection Solutions
Net revenues
Total net revenues	912	824
Operating earnings
Pretax income (loss)	199	194
Reportable segments \| Corporate & Other
Net revenues
Total net revenues	121	126
Operating earnings
Pretax income (loss)	(89)	(74)
Intersegment eliminations
Net revenues
Total net revenues	(348)	(316)
Intersegment eliminations \| Advice & Wealth Management
Net revenues
Total net revenues	(225)	(201)
Intersegment eliminations \| Asset Management
Net revenues
Total net revenues	(24)	(17)
Intersegment eliminations \| Retirement & Protection Solutions
Net revenues
Total net revenues	(106)	(102)
Intersegment eliminations \| Corporate & Other
Net revenues
Total net revenues	7	4
Segment reconciling items
Net revenues
Total net revenues	(3)	(3)
Segment reconciling items \| Net realized investment gains (losses)
Net revenues
Total net revenues	0	3
Operating earnings
Pretax income (loss)	0	3
Segment reconciling items \| Market impact on non-traditional long-duration products
Net revenues
Total net revenues	2	0
Operating earnings
Pretax income (loss)	140	(475)
Segment reconciling items \| Integration/restructuring charges
Operating earnings
Pretax income (loss)	0	(10)
Total Segments after intersegment eliminations \| Reportable segments
Net revenues
Total net revenues	4,100	3,698
Consolidated investment entities \| Segment reconciling items
Net revenues
Total net revenues	44	41
Operating earnings
Pretax income (loss)	$ 1	$ 0

Uncategorized Items - amp-20240

Label	Element	Value
Restricted Investments	us-gaap_RestrictedInvestments	$ 579,000,000