Item 6. Selected Financial Data

The following table sets forth selected consolidated financial information derived from our Consolidated Financial Statements as of December 31, 2020, 2019, 2018, 2017 and 2016 and for the five-year period ended December 31, 2020. The selected financial data presented below should be read in conjunction with our Consolidated Financial Statements and Notes included elsewhere in this report and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” On January 1, 2018, we retrospectively applied the new accounting standard for revenue recognition to each reporting period presented in the financial statements.


	Years Ended December 31,
2020			2019			2018			2017			2016
(in millions, except per share data)
Income Statement Data:
Total net revenues	$	11,899		$	12,967		$	12,835		$	12,132		$	11,800
Total expenses	10,068			10,735			10,351			9,918			10,209
Net income	$	1,534		$	1,893		$	2,098		$	1,480		$	1,313

Earnings Per Share Attributable to Ameriprise Financial, Inc. Common Shareholders:
Basic	$	12.39		$	14.12		$	14.41		$	9.60		$	7.90
Diluted	12.20			13.92			14.20			9.44			7.81

Cash Dividends Declared Per Common Share	$	4.09		$	3.81		$	3.53		$	3.24		$	2.92

	December 31,
2020			2019			2018			2017			2016
(in millions)
Balance Sheet Data:
Investments (1)	$	41,031		$	37,915		$	35,825		$	35,925		$	35,834
Separate account assets	92,611			87,488			77,925			87,368			80,210
Total assets	165,883			151,828			137,216			147,480			139,831
Policyholder account balances, future policy benefits and claims	33,992			30,512			30,124			29,904			30,202
Separate account liabilities	92,611			87,488			77,925			87,368			80,210
Customer deposits	17,641			14,430			11,545			10,303			10,036
Long-term debt (1)	2,831			3,097			2,867			2,891			2,917
Short-term borrowings	200			201			201			200			200
Total liabilities	160,016			146,099			131,628			141,485			133,542
Total Ameriprise Financial, Inc. shareholders’ equity	5,867			5,729			5,588			5,995			6,289

(1) Represents amounts before consolidated investment entities, as reported on our Consolidated Balance Sheets.

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