XML 258 R46.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Financing Receivables (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Financing Receivables |
Rollforward of allowance for credit losses | The following table presents a rollforward of the allowance for credit losses:
| Commercial Loans |  | Consumer Loans |  | Total
(in millions)
Balance at January 1, 2022 | $ | 47 |  |  | $ | 3 |  |  | $ | 50 |
Provisions | 10 |  |  | 3 |  |  | 13 |
Charge-offs | (3) |  |  | (1) |  |  | (4) |
Balance at December 31, 2022 | 54 |  |  | 5 |  |  | 59 |
Provisions | 2 |  |  | 6 |  |  | 8 |
Charge-offs | (2) |  |  | (2) |  |  | (4) |
Balance at December 31, 2023 | 54 |  |  | 9 |  |  | 63 |
Provisions | (5) |  |  | 3 |  |  | (2) |
Charge-offs | (4) |  |  | (4) |  |  | (8) |
Recoveries | — |  |  | 1 |  |  | 1 |
Balance at December 31, 2024 | $ | 45 |  |  | $ | 9 |  |  | $ | 54 |
Schedule of concentrations of credit risk of loans by region and property type | Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows:
| Loans |  | Percentage
December 31, | December 31,
2024 |  | 2023 | 2024 |  | 2023
(in millions) |  |  |
East North Central | $ | 185 |  |  | $ | 189 |  |  | 10 | % |  | 10 | %
East South Central | 45 |  |  | 52 |  |  | 2 |  |  | 3 |
Middle Atlantic | 133 |  |  | 112 |  |  | 7 |  |  | 6 |
Mountain | 157 |  |  | 138 |  |  | 8 |  |  | 8 |
New England | 30 |  |  | 28 |  |  | 2 |  |  | 2 |
Pacific | 633 |  |  | 624 |  |  | 33 |  |  | 34 |
South Atlantic | 489 |  |  | 465 |  |  | 26 |  |  | 25 |
West North Central | 119 |  |  | 109 |  |  | 6 |  |  | 6 |
West South Central | 111 |  |  | 115 |  |  | 6 |  |  | 6 |
Total | $ | 1,902 |  |  | $ | 1,832 |  |  | 100 | % |  | 100 | %
Concentrations of credit risk of commercial mortgage loans by property type were as follows:
| Loans |  | Percentage
December 31, |  | December 31,
2024 |  | 2023 |  | 2024 |  | 2023
(in millions) |  |  |  |
Apartments | $ | 522 |  |  | $ | 485 |  |  | 27 | % |  | 26 | %
Hotel | 33 |  |  | 13 |  |  | 2 |  |  | 1 |
Industrial | 362 |  |  | 317 |  |  | 19 |  |  | 17 |
Mixed use | 68 |  |  | 64 |  |  | 4 |  |  | 4 |
Office | 219 |  |  | 241 |  |  | 11 |  |  | 13 |
Retail | 546 |  |  | 561 |  |  | 29 |  |  | 31 |
Other | 152 |  |  | 151 |  |  | 8 |  |  | 8 |
Total | $ | 1,902 |  |  | $ | 1,832 |  |  | 100 | % |  | 100 | %
Commercial Loans | Commercial mortgage 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 year of origination and loan-to-value ratio:
|  | December 31, 2024
Loan-to-Value Ratio |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  | Total
| (in millions)
> 100% |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 15 |  |  | $ | 15 |
80% - 100% |  | — |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | 48 |  |  | 58 |
60% - 80% |  | 86 |  |  | 44 |  |  | 18 |  |  | 9 |  |  | 5 |  |  | 130 |  |  | 292 |
40% - 60% |  | 87 |  |  | 22 |  |  | 39 |  |  | 69 |  |  | 41 |  |  | 348 |  |  | 606 |
< 40% |  | 15 |  |  | 10 |  |  | 48 |  |  | 102 |  |  | 50 |  |  | 706 |  |  | 931 |
Total |  | $ | 188 |  |  | $ | 76 |  |  | $ | 105 |  |  | $ | 180 |  |  | $ | 106 |  |  | $ | 1,247 |  |  | $ | 1,902 |
|  | 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 | 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:
|  | December 31, 2024
Internal Risk Rating |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  | Total
| (in millions)
Risk 5 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Risk 4 |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 2 |
Risk 3 |  | 1 |  |  | 1 |  |  | — |  |  | 8 |  |  | 1 |  |  | 1 |  |  | 12 |
Risk 2 |  | 29 |  |  | 5 |  |  | — |  |  | 3 |  |  | — |  |  | 8 |  |  | 45 |
Risk 1 |  | 22 |  |  | 6 |  |  | — |  |  | 3 |  |  | 2 |  |  | — |  |  | 33 |
Total |  | $ | 52 |  |  | $ | 12 |  |  | $ | — |  |  | $ | 14 |  |  | $ | 3 |  |  | $ | 11 |  |  | $ | 92 |
|  | 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:
|  | December 31, 2024
Termination Status |  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  | Total
| (in millions)
Active |  | $ | 358 |  |  | $ | 351 |  |  | $ | 261 |  |  | $ | 121 |  |  | $ | 82 |  |  | $ | 150 |  |  | $ | 1,323 |
Terminated |  | — |  |  | — |  |  | 2 |  |  | 2 |  |  | 2 |  |  | 6 |  |  | 12 |
Total |  | $ | 358 |  |  | $ | 351 |  |  | $ | 263 |  |  | $ | 123 |  |  | $ | 84 |  |  | $ | 156 |  |  | $ | 1,335 |
|  | 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 |
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 | December 31, 2024
2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  |  |  | Total
(in millions)
> 810 | $ | 5 |  |  | $ | 9 |  |  | $ | 2 |  |  | $ | 2 |  |  | $ | 1 |  |  |  |  | $ | 19 |
780 - 809 | 84 |  |  | 56 |  |  | 28 |  |  | 7 |  |  | 6 |  |  |  |  | 181 |
740 - 779 | 64 |  |  | 77 |  |  | 25 |  |  | 7 |  |  | 5 |  |  |  |  | 178 |
720 - 739 | 17 |  |  | 15 |  |  | 5 |  |  | 5 |  |  | — |  |  |  |  | 42 |
700 - 719 | 9 |  |  | 8 |  |  | 5 |  |  | 3 |  |  | 1 |  |  |  |  | 26 |
< 699 | 7 |  |  | 7 |  |  | 3 |  |  | 3 |  |  | — |  |  |  |  | 20 |
Total | $ | 186 |  |  | $ | 172 |  |  | $ | 68 |  |  | $ | 27 |  |  | $ | 13 |  |  |  |  | $ | 466 |
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
| December 31, |  | December 31,
2024 |  | 2023 |  | 2024 |  | 2023
(in millions) |  |  |  |
Minnesota | $ | 284 |  |  | $ | 178 |  |  | 61 | % |  | 59 | %
Other U.S. States | 182 |  |  | 122 |  |  | 39 |  |  | 41 |
Total | $ | 466 |  |  | $ | 300 |  |  | 100 | % |  | 100 | %
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 | December 31,
2024 |  | 2023
(in millions)
> 800 | $ | 38 |  |  | $ | 32 |
750 - 799 | 32 |  |  | 28 |
700 - 749 | 29 |  |  | 30 |
650 - 699 | 16 |  |  | 19 |
< 650 | 8 |  |  | 8 |
Total | $ | 123 |  |  | $ | 117 |

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-29 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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_LoansAndLeasesReceivableDisclosureLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=amp_CommercialRealEstateAndCommercialPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_CommercialRealEstateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=amp_SyndicatedLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=amp_LoansToFinancialAdvisorsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=amp_ConsumerAndResidentialPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ResidentialMortgageMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_CreditCardReceivablesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |