AMERIPRISE FINANCIAL INC
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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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.
Jun 30, 2025 · Filed Aug 5, 2025
AMP$519.96+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Deferred Acquisition Costs and Deferred Sales Inducement Costs
- 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, 2025 | $1,402 | $276 | $28 | $4 | $103 | $553 | ||
| Capitalization of acquisition costs | 11 | 42 | — | — | — | 30 | ||
| Amortization | (57) | (18) | (3) | — | (4) | (23) | ||
| Balance at June 30, 2025 | $1,356 | $300 | $25 | $4 | $99 | $560 | ||
| 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, 2025 | $210 | $2 | $10 | $17 | $70 | $2,675 | ||
| Capitalization of acquisition costs | 1 | — | 1 | 1 | 2 | 88 | ||
| Amortization | (8) | — | — | (1) | (4) | (118) | ||
| Balance at June 30, 2025 | $203 | $2 | $11 | $17 | $68 | 2,645 | ||
| Other broker dealer acquisition costs | 2 | |||||||
| Balance at June 30, 2025 including broker dealer acquisition costs | $2,647 | |||||||
Index
| 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 | 24 | 98 | — | — | — | 64 | ||
| Amortization | (118) | (30) | (7) | (1) | (7) | (45) | ||
| Balance at December 31, 2024 | $1,402 | $276 | $28 | $4 | $103 | $553 | ||
| 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 | 3 | — | 5 | 2 | 3 | 199 | ||
| Amortization | (16) | — | (1) | (2) | (8) | (235) | ||
| Balance at December 31, 2024 | $210 | $2 | $10 | $17 | $70 | 2,675 | ||
| Other broker dealer acquisition costs | 2 | |||||||
| Balance at December 31, 2024 including broker dealer acquisition costs | $2,677 | |||||||
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, 2025 | $122 | $10 | $132 |
| Amortization | (6) | (1) | (7) |
| Balance at June 30, 2025 | $116 | $9 | $125 |
| Variable Annuities | Fixed Annuities | Total,All Products | |
|---|---|---|---|
| (in millions) | |||
| Balance at January 1, 2024 | $136 | $12 | $148 |
| Amortization | (14) | (2) | (16) |
| Balance at December 31, 2024 | $122 | $10 | $132 |
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