XML 49 R39.htm IDEA: XBRL DOCUMENT
v3.20.2

Variable Annuity and Insurance Guarantees (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Insurance [Abstract] |
Schedule of Variable Annuity Guarantees [Table Text Block] | The following table provides information related to variable annuity guarantees for which the Company has established additional liabilities:
Variable Annuity Guarantees by Benefit Type (1) |  | June 30, 2020 |  |  |  |  |  |  |  | December 31, 2019 |  |  |  |  |  |
|  | Total Contract Value |  | Contract Value in Separate Accounts |  | Net Amount at Risk |  | Weighted Average Attained Age |  | Total Contract Value |  | Contract Value in Separate Accounts |  | Net Amount at Risk |  | Weighted Average Attained Age
|  | (in millions, except age) |  |  |  |  |  |  |  |  |  |  |  |  |  |
GMDB: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Return of premium |  | $ | 60,861 |  |  | $ | 58,931 |  |  | $ | 32 |  |  | 68 |  | $ | 62,909 |  |  | $ | 60,967 |  |  | $ | 5 |  |  | 67
Five/six-year reset |  | 7,545 |  |  | 4,812 |  |  | 25 |  |  | 68 |  | 7,983 |  |  | 5,263 |  |  | 7 |  |  | 67
One-year ratchet |  | 5,613 |  |  | 5,278 |  |  | 56 |  |  | 71 |  | 5,935 |  |  | 5,600 |  |  | 7 |  |  | 70
Five-year ratchet |  | 1,325 |  |  | 1,269 |  |  | 4 |  |  | 67 |  | 1,396 |  |  | 1,340 |  |  | — |  |  | 66
Other |  | 1,150 |  |  | 1,132 |  |  | 92 |  |  | 73 |  | 1,192 |  |  | 1,174 |  |  | 65 |  |  | 73
Total — GMDB |  | $ | 76,494 |  |  | $ | 71,422 |  |  | $ | 209 |  |  | 68 |  | $ | 79,415 |  |  | $ | 74,344 |  |  | $ | 84 |  |  | 67
GGU death benefit |  | $ | 1,072 |  |  | $ | 1,016 |  |  | $ | 122 |  |  | 71 |  | $ | 1,115 |  |  | $ | 1,063 |  |  | $ | 133 |  |  | 71
GMIB |  | $ | 168 |  |  | $ | 154 |  |  | $ | 10 |  |  | 70 |  | $ | 186 |  |  | $ | 172 |  |  | $ | 6 |  |  | 70
GMWB: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
GMWB |  | $ | 1,855 |  |  | $ | 1,850 |  |  | $ | 1 |  |  | 74 |  | $ | 1,999 |  |  | $ | 1,993 |  |  | $ | 1 |  |  | 73
GMWB for life |  | 45,646 |  |  | 45,568 |  |  | 478 |  |  | 68 |  | 46,799 |  |  | 46,691 |  |  | 272 |  |  | 68
Total — GMWB |  | $ | 47,501 |  |  | $ | 47,418 |  |  | $ | 479 |  |  | 68 |  | $ | 48,798 |  |  | $ | 48,684 |  |  | $ | 273 |  |  | 68
GMAB |  | $ | 2,318 |  |  | $ | 2,317 |  |  | $ | 2 |  |  | 60 |  | $ | 2,528 |  |  | $ | 2,524 |  |  | $ | — |  |  | 60
(1) Individual variable annuity contracts may have more than one guarantee and therefore may be included in more than one benefit type. Variable annuity contracts for which the death benefit equals the account value are not shown in this table.
Schedule of Net Amount of Risk UL Secondary Guarantees [Table Text Block] | The following table provides information related to insurance guarantees for which the Company has established additional liabilities:
| June 30, 2020 |  |  |  | December 31, 2019 |  |
| Net Amount at Risk |  | Weighted Average Attained Age |  | Net Amount at Risk |  | Weighted Average Attained Age
| (in millions, except age) |  |  |  |  |  |
UL secondary guarantees | $ | 6,580 |  |  | 67 |  | $ | 6,550 |  |  | 67
Schedule of Changes in Additional Liabilities for Variable Annuity and Insurance Guarantees [Table Text Block] | Changes in additional liabilities (contra liabilities) for variable annuity and insurance guarantees were as follows:
| GMDB & GGU |  | GMIB |  | GMWB (1) |  | GMAB (1) |  | UL
| (in millions) |  |  |  |  |  |  |  |
Balance at January 1, 2019 | $ | 19 |  |  | $ | 8 |  |  | $ | 875 |  |  | $ | (19) |  |  | $ | 659 |
Incurred claims | 1 |  |  | (1) |  |  | 422 |  |  | (16) |  |  | 64 |
Paid claims | (3) |  |  | — |  |  | — |  |  | — |  |  | (25) |
Balance at June 30, 2019 | $ | 17 |  |  | $ | 7 |  |  | $ | 1,297 |  |  | $ | (35) |  |  | $ | 698 |
Balance at January 1, 2020 | $ | 16 |  |  | $ | 7 |  |  | $ | 1,462 |  |  | $ | (39) |  |  | $ | 758 |
Incurred claims | 5 |  |  | 1 |  |  | 2,387 |  |  | 69 |  |  | 65 |
Paid claims | (4) |  |  | (1) |  |  | — |  |  | — |  |  | (24) |
Balance at June 30, 2020 | $ | 17 |  |  | $ | 7 |  |  | $ | 3,849 |  |  | $ | 30 |  |  | $ | 799 |
(1) The incurred claims for GMWB and GMAB include the change in the fair value of the liabilities (contra liabilities) less paid claims.
Schedule of Separate Account Balances by Asset Type [Table Text Block] | The following table summarizes the distribution of separate account balances by asset type for variable annuity contracts providing guaranteed benefits:
| June 30, 2020 |  | December 31, 2019
| (in millions) |  |
Mutual funds: |  |  |
Equity | $ | 41,265 |  |  | $ | 44,739 |
Bond | 24,326 |  |  | 23,374 |
Other | 6,050 |  |  | 6,471 |
Total mutual funds | $ | 71,641 |  |  | $ | 74,584 |

X
- Definition Schedule Of Net Amount Of Risk UL Secondary Guarantees [Table Text Block] + References No definition available. + Details
Name: | amp_ScheduleOfNetAmountOfRiskULSecondaryGuaranteesTableTextBlock
Namespace Prefix: | amp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InsuranceAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of fair value of asset supporting separate account. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 80 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=117420044&loc=d3e19393-158473 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 20 -Section 55 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=117418410&loc=d3e7104-158389 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 80 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118959010&loc=SL117422397-158474 + Details
Name: | us-gaap_ScheduleOfFairValueOfSeparateAccountsByMajorCategoryOfInvestmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of minimum guaranteed benefits to policyholders and contract holders, such as guaranteed minimum death benefit, guaranteed minimum income benefit, and guaranteed annuitization benefits, discloses the amount of liability reported for additional insurance benefits, annuitization benefits and other minimum guarantees, by type of benefit, for the most recent balance sheet date and the incurred and paid amounts for periods presented for traditional and nontraditional products. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 80 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=117420044&loc=d3e19393-158473 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 20 -Section 55 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=117418410&loc=d3e7104-158389 + Details
Name: | us-gaap_ScheduleOfMinimumGuaranteedBenefitLiabilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the guaranteed benefits in excess of the current account balance, quantifies such excesses (the net amounts at risk) and includes other relevant, pertinent information as of the most recent balance sheet date by product type. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 80 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=117420044&loc=d3e19393-158473 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 20 -Section 55 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=117418410&loc=d3e7104-158389 + Details
Name: | us-gaap_ScheduleOfNetAmountOfRiskByProductAndGuaranteeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration