XML 17 R7.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities    
Net income $ 583 $ 990
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net (27) (42)
Deferred income tax expense (benefit) (95) 227
Share-based compensation 49 42
Net realized investment (gains) losses (5) (1)
Net trading (gains) losses (1) (2)
Loss from equity method investments 13 4
Impairments and provision for loan and credit losses (5) (1)
Net (gains) losses of consolidated investment entities 12 3
Changes in operating assets and liabilities:    
Restricted and segregated investments 158 (158)
Deferred acquisition costs 16 12
Policyholder account balances, future policy benefits and claims, and market risk benefits, net 940 448
Derivatives, net of collateral 270 (51)
Receivables (220) 0
Brokerage deposits (25) 90
Accounts payable and accrued expenses (452) (436)
Current income tax, net 180 (44)
Other operating assets and liabilities of consolidated investment entities, net 2 (1)
Other, net 293 364
Net cash provided by (used in) operating activities 1,686 1,444
Available-for-Sale securities:    
Proceeds from sales 1,075 0
Maturities, sinking fund payments and calls 4,221 3,283
Purchases (6,834) (3,972)
Proceeds from sales, maturities and repayments of mortgage loans 37 32
Funding of mortgage loans (107) (69)
Proceeds from sales, maturities and collections of other investments 22 20
Purchase of other investments (26) (23)
Purchase of investments by consolidated investment entities (354) (131)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities 167 236
Purchase of land, buildings, equipment and software (36) (52)
Cash paid for written options with deferred premiums 0 (57)
Cash received from written options with deferred premiums 0 15
Cash paid for deposit receivables (8) (9)
Cash received for deposit receivables 112 167
Other, net (10) (9)
Net cash provided by (used in) investing activities (1,741) (569)
Investment certificates:    
Proceeds from additions 961 1,638
Maturities, withdrawals and cash surrenders (1,471) (1,881)
Policyholder account balances:    
Deposits and other additions 254 358
Net transfers from (to) separate accounts (36) (26)
Surrenders and other benefits (395) (495)
Change in banking deposits, net 363 (170)
Cash paid for purchased options with deferred premiums (3) (51)
Cash received for purchased options with deferred premiums 0 26
Issuance of long-term debt, net of issuance costs 740 0
Repayments of long-term debt (3) (3)
Dividends paid to shareholders (144) (138)
Repurchase of common shares (730) (628)
Borrowings of consolidated investment entities 304 166
Repayments of debt by consolidated investment entities (328) (227)
Net cash provided by (used in) financing activities (488) (1,431)
Effect of exchange rate changes on cash 13 (5)
Net increase (decrease) in cash and cash equivalents, including amounts restricted (530) (561)
Cash and cash equivalents, including amounts restricted, at beginning of period 9,489 8,620
Cash and cash equivalents, including amounts restricted, at end of period 8,959 8,059
Supplemental Disclosures:    
Income taxes paid, net 28 25
Leased assets obtained in exchange for operating lease liabilities 22 11
Ameriprise Financial    
Supplemental Disclosures:    
Interest paid 131 195
Consolidated investment entities    
Supplemental Disclosures:    
Interest paid by consolidated investment entities $ 39 $ 44