XML 71 R18.htm IDEA: XBRL DOCUMENT
v3.22.4

Deferred Acquisition Costs and Deferred Sales Inducement Costs | 12 Months Ended
--- | ---
Dec. 31, 2022
Deferred Charges, Insurers [Abstract] |
Deferred Acquisition Costs and Deferred Sales Inducement Costs | Deferred Acquisition Costs and Deferred Sales Inducement Costs Management updates market-related inputs on a quarterly basis and implements model changes related to the living benefit valuation. In addition, management conducts its annual review of life insurance and annuity valuation assumptions relative to current experience and management expectations including modeling changes. These aforementioned changes are collectively referred to as unlocking. The impact of unlocking to DAC for the year ended December 31, 2022 primarily reflected a $49 million increase from lower surrenders on variable annuities with living benefits and UL and VUL insurance products partially offset by a $27 million decrease from updating mortality assumptions for variable annuities and a $13 million decrease from updating the discount rate for variable annuities. The impact of unlocking to DAC for the year ended December 31, 2021 primarily reflected a favorable impact from lower surrenders on variable annuities with living benefits and UL and VUL insurance products. The impact of unlocking to DAC for the year ended December 31, 2020 primarily reflected updates to interest rate assumptions, partially offset by a favorable impact from lower surrenders on annuity contracts with a withdrawal benefit. The balances of and changes in DAC were as follows:
| 2022 |  | 2021 |  | 2020
(in millions)
Balance at January 1 | $ | 2,782 |  |  | $ | 2,532 |  |  | $ | 2,698 |
Capitalization of acquisition costs | 197 |  |  | 280 |  |  | 228 |
Amortization | (216) |  |  | (184) |  |  | (177) |
Amortization, impact of valuation assumptions review | 8 |  |  | 60 |  |  | (100) |
Impact of change in net unrealized (gains) losses on securities | 389 |  |  | 94 |  |  | (117) |
Balance at December 31 | $ | 3,160 |  |  | $ | 2,782 |  |  | $ | 2,532 |
The balances of and changes in DSIC, which is included in Other assets, were as follows:
| 2022 |  | 2021 |  | 2020
(in millions)
Balance at January 1 | $ | 189 |  |  | $ | 189 |  |  | $ | 218 |
Capitalization of sales inducement costs | 1 |  |  | 1 |  |  | 1 |
Amortization | (24) |  |  | (16) |  |  | (13) |
Amortization, impact of valuation assumptions review | 2 |  |  | 2 |  |  | (16) |
Impact of change in net unrealized (gains) losses on securities | 15 |  |  | 13 |  |  | (1) |
Balance at December 31 | $ | 183 |  |  | $ | 189 |  |  | $ | 189 |

X
- Definition Discloses the balances of and changes in deferred acquisition costs and deferred sales inducement costs which may include the capitalization of costs, the amortization of costs and the impact of the change in net unrealized securities (gains) and losses. + References No definition available. + Details
Name: | amp_DeferredAcquisitionCostsAndDeferredSalesInducementCostsDisclosuresTextBlock
Namespace Prefix: | amp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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