AMERIPRISE FINANCIAL INC
For the period ended Mar 31, 2024. Filed May 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 6, 2024
AMP$519.96+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Deferred Acquisition Costs and Deferred Sales Inducement Costs
Index
- Deferred Acquisition Costs and Deferred Sales Inducement Costs
The following tables summarize the balances of and changes in deferred acquisition costs (“DAC”):
| Variable Annuities · Structured Variable Annuities · Fixed Annuities · Fixed Indexed Annuities · Universal Life Insurance · Variable Universal Life Insurance | ||||||||
|---|---|---|---|---|---|---|---|---|
| (in millions) | ||||||||
| Balance at January 1, 2024 | $1,496 | $208 | $35 | $5 | $110 | $534 | ||
| Capitalization of acquisition costs | 6 | 25 | — | — | — | 13 | ||
| Amortization | (30) | (7) | (2) | — | (2) | (11) | ||
| Balance at March 31, 2024 | $1,472 | $226 | $33 | $5 | $108 | $536 | ||
| Indexed Universal Life Insurance · Other Life Insurance · Life Contingent Payout Annuities · Term and Whole Life Insurance · Disability Income Insurance · Total,All Products | ||||||||
| (in millions) | ||||||||
| Balance at January 1, 2024 | $223 | $2 | $6 | $17 | $75 | $2,711 | ||
| Capitalization of acquisition costs | 1 | — | 1 | — | 1 | 47 | ||
| Amortization | (4) | — | — | — | (3) | (59) | ||
| Balance at March 31, 2024 | $220 | $2 | $7 | $17 | $73 | $2,699 | ||
| Other broker dealer acquisition costs | 2 | |||||||
| Balance at March 31, 2024 including broker dealer acquisition costs | $2,701 | |||||||
| Variable Annuities · Structured Variable Annuities · Fixed Annuities · Fixed Indexed Annuities · Universal Life Insurance · Variable Universal Life Insurance | ||||||||
|---|---|---|---|---|---|---|---|---|
| (in millions) | ||||||||
| Balance at January 1, 2023 | $1,598 | $149 | $45 | $6 | $118 | $521 | ||
| Capitalization of acquisition costs | 23 | 83 | — | — | — | 57 | ||
| Amortization | (125) | (24) | (10) | (1) | (8) | (44) | ||
| Balance at December 31, 2023 | $1,496 | $208 | $35 | $5 | $110 | $534 | ||
| Indexed Universal Life Insurance · Other Life Insurance · Life Contingent Payout Annuities · Term and Whole Life Insurance · Disability Income Insurance · Total,All Products | ||||||||
| (in millions) | ||||||||
| Balance at January 1, 2023 | $236 | $3 | $2 | $18 | $79 | $2,775 | ||
| Capitalization of acquisition costs | 4 | — | 4 | 1 | 4 | 176 | ||
| Amortization | (17) | (1) | — | (2) | (8) | (240) | ||
| Balance at December 31, 2023 | $223 | $2 | $6 | $17 | $75 | $2,711 | ||
| Other broker dealer acquisition costs | 2 | |||||||
| Balance at December 31, 2023 including broker dealer acquisition costs | $2,713 | |||||||
The following tables summarize the balances of and changes in deferred sales inducement costs (“DSIC”):
| Variable Annuities | Fixed Annuities | Total,All Products | |
|---|---|---|---|
| (in millions) | |||
| Balance at January 1, 2024 | $136 | $12 | $148 |
| Amortization | (3) | (1) | (4) |
| Balance at March 31, 2024 | $133 | $11 | $144 |
Index
| Variable Annuities | Fixed Annuities | Total,All Products | |
|---|---|---|---|
| (in millions) | |||
| Balance at January 1, 2023 | $151 | $16 | $167 |
| Amortization | (15) | (4) | (19) |
| Balance at December 31, 2023 | $136 | $12 | $148 |
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