Cover and table of contents




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM									10-Q


	☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended			September 30, 2021
OR
	☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Transition Period from_______________________to_______________________


Commission File No.			1-32525


AMERIPRISE FINANCIAL, INC.
(Exact name of registrant as specified in its charter)


			Delaware						13-3180631
(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification No.)


			1099 Ameriprise Financial Center						Minneapolis						Minnesota						55474
(Address of principal executive offices)															(Zip Code)


			Registrant’s telephone number, including area code:			(612)			671-3131


			Former name, former address and former fiscal year, if changed since last report:			Not Applicable


Securities registered pursuant to Section 12(b) of the Act:
	Title of each class		Trading Symbol	Name of each exchange on which registered
Common Stock (par value $.01 per share)	AMP	New York Stock Exchange


Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.			Yes			☒			No			☐


Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).			Yes			☒			No			☐


Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large Accelerated Filer	☒	Accelerated Filer	☐	Non-accelerated Filer	☐
		Smaller reporting company	☐	Emerging growth company	☐


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.			☐


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).			Yes			☐			No			☒


Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
	Class	Outstanding at October 29, 2021
Common Stock (par value $.01 per share)	111,889,817 shares

AMERIPRISE FINANCIAL, INC.

FORM 10-Q

INDEX


Part I. Financial Information
Item 1. Financial Statements (Unaudited)
	Consolidated Statements of Operations — Three months and nine months ended September 30, 2021 and 2020		3
	Consolidated Statements of Comprehensive Income — Three months and nine months ended September 30, 2021 and 2020		4
	Consolidated Balance Sheets — September 30, 2021 and December 31, 2020		5
	Consolidated Statements of Equity — Three months and nine months ended September 30, 2021 and 2020		6
	Consolidated Statements of Cash Flows — Nine months ended September 30, 2021 and 2020		7
	Notes to Consolidated Financial Statements
	1.	Basis of Presentation	9
	2.	Recent Accounting Pronouncements	9
	3.	Revenue from Contracts with Customers	12
	4.	Variable Interest Entities	16
	5.	Investments	21
	6.	Financing Receivables	25
	7.	Reinsurance	29
	8.	Deferred Acquisition Costs and Deferred Sales Inducement Costs	29
	9.	Policyholder Account Balances, Future Policy Benefits and Claims and Separate Account Liabilities	30
	10.	Variable Annuity and Insurance Guarantees	31
	11.	Debt	32
	12.	Fair Values of Assets and Liabilities	33
	13.	Offsetting Assets and Liabilities	45
	14.	Derivatives and Hedging Activities	47
	15.	Shareholders’ Equity	51
	16.	Income Taxes	53
	17.	Contingencies	54
	18.	Earnings per Share	55
	19.	Segment Information	56
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations			58
Item 3. Quantitative and Qualitative Disclosures About Market Risk			89
Item 4. Controls and Procedures			89

Part II. Other Information			90
Item 1. Legal Proceedings			90
Item 1A. Risk Factors			90
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			90
Item 6. Exhibits			91
Signatures			92

AMERIPRISE FINANCIAL, INC.

PART I. FINANCIAL INFORMATION

Next: Item 1. FINANCIAL STATEMENTS (UNAUDITED)