XML 53 R43.htm IDEA: XBRL DOCUMENT
v3.20.2

Derivatives and Hedging Activities (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Derivative Instruments, Gain (Loss) |
Schedule of gross fair value of derivative instruments, including embedded derivatives [Table Text Block] | The following table presents the notional value and gross fair value of derivative instruments, including embedded derivatives:
| June 30, 2020 |  |  |  |  |  | December 31, 2019 |  |  |  |
| Notional |  | Gross Fair Value |  |  |  | Notional |  | Gross Fair Value |  |
|  |  | Assets (1) |  | Liabilities (2)(3) |  |  |  | Assets (1) |  | Liabilities (2)(3)
| (in millions) |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts – fair value hedges | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 375 |  |  | $ | 3 |  |  | $ | — |
Foreign exchange contracts – net investment hedges | 65 |  |  | 3 |  |  | — |  |  | 93 |  |  | — |  |  | 3 |
Total qualifying hedges | 65 |  |  | 3 |  |  | — |  |  | 468 |  |  | 3 |  |  | 3 |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts | 70,778 |  |  | 3,096 |  |  | 1,032 |  |  | 57,979 |  |  | 1,452 |  |  | 418 |
Equity contracts | 59,097 |  |  | 2,642 |  |  | 2,558 |  |  | 61,921 |  |  | 2,884 |  |  | 3,098 |
Credit contracts | 2,581 |  |  | 3 |  |  | 10 |  |  | 1,419 |  |  | 4 |  |  | — |
Foreign exchange contracts | 3,470 |  |  | 33 |  |  | 15 |  |  | 3,412 |  |  | 18 |  |  | 6 |
Other contracts | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | — |
Total non-designated hedges | 135,926 |  |  | 5,774 |  |  | 3,615 |  |  | 124,732 |  |  | 4,358 |  |  | 3,522 |
Embedded derivatives |  |  |  |  |  |  |  |  |  |  |
GMWB and GMAB (4) | N/A |  | — |  |  | 3,129 |  |  | N/A |  | — |  |  | 763 |
IUL | N/A |  | — |  |  | 882 |  |  | N/A |  | — |  |  | 881 |
Fixed deferred indexed annuities | N/A |  | — |  |  | 44 |  |  | N/A |  | — |  |  | 46 |
Structured variable annuities | N/A |  | — |  |  | 9 |  |  | N/A |  | — |  |  | — |
SMC | N/A |  | — |  |  | 8 |  |  | N/A |  | — |  |  | 14 |
Total embedded derivatives | N/A |  | — |  |  | 4,072 |  |  | N/A |  | — |  |  | 1,704 |
Total derivatives | $ | 135,991 |  |  | $ | 5,777 |  |  | $ | 7,687 |  |  | $ | 125,200 |  |  | $ | 4,361 |  |  | $ | 5,229 |
N/A Not applicable. (1) The fair value of freestanding derivative assets is included in Other assets on the Consolidated Balance Sheets. (2) The fair value of freestanding derivative liabilities is included in Other liabilities on the Consolidated Balance Sheets. The fair value of GMWB and GMAB, IUL, indexed annuity and structured variable annuity embedded derivatives is included in Policyholder account balances, future policy benefits and claims on the Consolidated Balance Sheets. The fair value of the SMC embedded derivative liability is included in Customer deposits on the Consolidated Balance Sheets. (3) The fair value of the Company’s derivative liabilities after considering the effects of master netting arrangements, cash collateral held by the same counterparty and the fair value of net embedded derivatives was $4.4 billion and $2.3 billion as of June 30, 2020 and December 31, 2019, respectively. See Note 13 for additional information related to master netting arrangements and cash collateral. See Note 5 for information about derivatives held by consolidated VIEs. (4) The fair value of the GMWB and GMAB embedded derivatives as of June 30, 2020 included $3.2 billion of individual contracts in a liability position and $25 million of individual contracts in an asset position. The fair value of the GMWB and GMAB embedded derivatives as of December 31, 2019 included $981 million of individual contracts in a liability position and $218 million of individual contracts in an asset position.
Schedule of gain (loss) on derivative instruments, including embedded derivatives [Table Text Block] | The following tables present 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 |  | General and Administrative Expense
| (in millions) |  |  |  |  |  |  |  |  |  |
Three Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 60 |  |  | $ | — |
Equity contracts | (1) |  |  | 5 |  |  | 87 |  |  | 63 |  |  | (1,467) |  |  | 13 |
Credit contracts | — |  |  | — |  |  | — |  |  | — |  |  | (43) |  |  | — |
Foreign exchange contracts | (1) |  |  | — |  |  | — |  |  | — |  |  | 5 |  |  | 1 |
GMWB and GMAB embedded derivatives | — |  |  | — |  |  | — |  |  | — |  |  | 147 |  |  | — |
IUL embedded derivatives | — |  |  | — |  |  | — |  |  | (127) |  |  | — |  |  | — |
Fixed deferred indexed annuity embedded derivatives | — |  |  | — |  |  | — |  |  | (7) |  |  | — |  |  | — |
Structured variable annuity embedded derivatives | — |  |  | — |  |  | — |  |  | — |  |  | (16) |  |  | — |
SMC embedded derivatives | — |  |  | (5) |  |  | — |  |  | — |  |  | — |  |  | — |
Total gain (loss) | $ | (2) |  |  | $ | — |  |  | $ | 87 |  |  | $ | (71) |  |  | $ | (1,314) |  |  | $ | 14 |
Six Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts | $ | (1) |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | 2,575 |  |  | $ | — |
Equity contracts | (1) |  |  | (2) |  |  | (29) |  |  | (49) |  |  | 526 |  |  | (3) |
Credit contracts | — |  |  | — |  |  | — |  |  | — |  |  | (79) |  |  | — |
Foreign exchange contracts | — |  |  | — |  |  | — |  |  | — |  |  | 49 |  |  | (2) |
GMWB and GMAB embedded derivatives | — |  |  | — |  |  | — |  |  | — |  |  | (2,366) |  |  | — |
IUL embedded derivatives | — |  |  | — |  |  | — |  |  | 37 |  |  | — |  |  | — |
Fixed deferred indexed annuity embedded derivatives | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | — |
Structured variable annuity embedded derivatives | — |  |  | — |  |  | — |  |  | — |  |  | (13) |  |  | — |
SMC embedded derivatives | — |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |
Total gain (loss) | $ | (2) |  |  | $ | — |  |  | $ | (27) |  |  | $ | (7) |  |  | $ | 692 |  |  | $ | (5) |
| Net Investment Income |  | Banking and Deposit Interest Expense |  | Distribution Expenses |  | Interest Credited to Fixed Accounts |  | Benefits, Claims, Losses and Settlement Expenses |  | General and Administrative Expense
| (in millions) |  |  |  |  |  |  |  |  |  |
Three Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts | $ | (19) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 626 |  |  | $ | — |
Equity contracts | — |  |  | 2 |  |  | 12 |  |  | 18 |  |  | (217) |  |  | 2 |
Credit contracts | 1 |  |  | — |  |  | — |  |  | — |  |  | (40) |  |  | — |
Foreign exchange contracts | — |  |  | — |  |  | — |  |  | — |  |  | (4) |  |  | — |
GMWB and GMAB embedded derivatives | — |  |  | — |  |  | — |  |  | — |  |  | (516) |  |  | — |
IUL embedded derivatives | — |  |  | — |  |  | — |  |  | (43) |  |  | — |  |  | — |
Fixed deferred indexed annuity embedded derivatives | — |  |  | — |  |  | — |  |  | (1) |  |  | — |  |  | — |
Total gain (loss) | $ | (18) |  |  | $ | 2 |  |  | $ | 12 |  |  | $ | (26) |  |  | $ | (151) |  |  | $ | 2 |
Six Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts | $ | (28) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 957 |  |  | $ | — |
Equity contracts | — |  |  | 8 |  |  | 60 |  |  | 66 |  |  | (917) |  |  | 10 |
Credit contracts | — |  |  | — |  |  | — |  |  | — |  |  | (69) |  |  | — |
Foreign exchange contracts | — |  |  | — |  |  | — |  |  | — |  |  | (10) |  |  | (1) |
GMWB and GMAB embedded derivatives | — |  |  | — |  |  | — |  |  | — |  |  | (368) |  |  | — |
IUL embedded derivatives | — |  |  | — |  |  | — |  |  | (124) |  |  | — |  |  | — |
Fixed deferred indexed annuity embedded derivatives | — |  |  | — |  |  | — |  |  | (3) |  |  | — |  |  | — |
SMC embedded derivatives | — |  |  | (6) |  |  | — |  |  | — |  |  | — |  |  | — |
Total gain (loss) | $ | (28) |  |  | $ | 2 |  |  | $ | 60 |  |  | $ | (61) |  |  | $ | (407) |  |  | $ | 9 |
Schedule of payments to make and receive for options [Table Text Block] | The following is a summary of the payments the Company is scheduled to make and receive for these options and swaptions as of June 30, 2020:
| Premiums Payable |  | Premiums Receivable
| (in millions) |  |
2020 (1) | $ | 82 |  |  | $ | 26 |
2021 | 152 |  |  | 112 |
2022 | 203 |  |  | 198 |
2023 | 126 |  |  | 57 |
2024 | 71 |  |  | 10 |
2025 - 2028 | 377 |  |  | 7 |
Total | $ | 1,011 |  |  | $ | 410 |
(1) 2020 amounts represent the amounts payable and receivable for the period from July 1, 2020 to December 31, 2020.
Schedule of impact of fair value hedges | The following table is a summary of the impact of derivatives designated as hedges on the Consolidated Statements of Operations:
| Three months ended June 30, |  |  |  | Six Months Ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
| (in millions) |  |  |  |  |  |
Total interest and debt expense per Consolidated Statements of Operations | $ | 41 |  |  | $ | 59 |  |  | $ | 87 |  |  | $ | 112 |
Gain (loss) on interest rate contracts designated as fair value hedges: |  |  |  |  |  |  |
Hedged items | $ | — |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 2 |
Derivatives designated as fair value hedges | — |  |  | (1) |  |  | (1) |  |  | (2) |
Gain (loss) on interest rate contracts designated as cash flow hedges: |  |  |  |  |  |  |
Amount of gain (loss) reclassified from AOCI into income | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |

X
- Definition Tabular disclosure of premiums payable or receivable related to derivative contracts by period. + References No definition available. + Details
Name: | amp_ScheduleOfPremiumsForDerivativeOptionContractsTextBlock
Namespace Prefix: | amp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsGainLossLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfFairValueHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration