RIVERSOURCE LIFE INSURANCE CO Financial Statements (2024 and earlier)
Company Profile
| Business Address |
50605 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS, MN 55474 |
| State of Incorp. | MN |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6311 - Life Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,285 | 1,275 | 1,085 | 1,062 | |||||
| Cash and cash equivalents | 3,285 | 1,275 | 1,085 | 1,062 | |||||
| Total current assets: | 3,285 | 1,275 | 1,085 | 1,062 | |||||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 123 | 123 | 124 | 129 | 135 | 142 | |||
| Total noncurrent assets: | 123 | 123 | 124 | 129 | 135 | 142 | |||
| Other undisclosed assets | 114,896 | 139,373 | 131,015 | 120,539 | 108,853 | 119,236 | |||
| TOTAL ASSETS: | 115,019 | 139,496 | 134,424 | 121,943 | 110,073 | 120,440 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 201 | 201 | 200 | ||||||
| Total current liabilities: | 201 | 201 | 200 | ||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 114,236 | 137,611 | 131,111 | 118,406 | 106,300 | 116,412 | |||
| Total liabilities: | 114,236 | 137,611 | 131,111 | 118,607 | 106,501 | 116,612 | |||
| Equity | |||||||||
| Equity, attributable to parent | 783 | 1,885 | 3,313 | 3,336 | 3,572 | 3,828 | |||
| Common stock | 3 | 3 | 3 | 3 | 3 | 3 | |||
| Additional paid in capital | 2,466 | 2,466 | 2,466 | 2,466 | 2,466 | 2,466 | |||
| Accumulated other comprehensive income (loss) | (887) | 328 | 920 | 574 | 45 | 456 | |||
| Retained earnings (accumulated deficit) | (799) | (912) | (76) | 293 | 1,058 | 903 | |||
| Total equity: | 783 | 1,885 | 3,313 | 3,336 | 3,572 | 3,828 | |||
| TOTAL LIABILITIES AND EQUITY: | 115,019 | 139,496 | 134,424 | 121,943 | 110,073 | 120,440 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,768 | 3,471 | 3,776 | 3,818 | 3,921 | 3,804 | ||
| Insurance commissions and fees | 2,091 | 2,304 | 2,094 | 2,042 | 2,081 | ✕ | ||
| Premiums earned, net | 306 | (871) | 341 | 397 | 396 | ✕ | ||
| Net investment income | 827 | 827 | 869 | 917 | 1,023 | 1,011 | ||
| Realized investment gains (losses) | (100) | 595 | (10) | (2) | 10 | 40 | ||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,337 | |
| Other income | 644 | 616 | 482 | 464 | 411 | 416 | ||
| Cost of revenue | (2,227) | (1,427) | (2,713) | (2,606) | (2,302) | (2,102) | ||
| Policyholder benefits and claims incurred, net | (1,366) | (715) | (1,805) | (1,804) | (1,373) | ✕ | ||
| Policyholder account balance, interest expense | (665) | (600) | (644) | (669) | (674) | (656) | ||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (1,239) | |
| Gross profit: | 1,541 | 2,044 | 1,063 | 1,212 | 1,619 | 1,702 | ||
| Operating expenses | (670) | (738) | ||||||
| Other operating expense, net (Other Expenses) | (665) | (685) | (679) | (701) | ||||
| Operating income: | 871 | 1,306 | 398 | 527 | 940 | 1,001 | ||
| Interest and debt expense | (108) | (105) | (5) | |||||
| Income from continuing operations before equity method investments, income taxes: | 763 | 1,201 | 393 | 527 | 940 | 1,001 | ||
| Other undisclosed loss from continuing operations before income taxes | ||||||||
| Income from continuing operations before income taxes: | 763 | 1,201 | 393 | 527 | 940 | 1,001 | ||
| Income tax expense (benefit) | (50) | (137) | 45 | 60 | (35) | (260) | ||
| Income from continuing operations: | 713 | 1,064 | 438 | 587 | 905 | 741 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 1,064 | 438 | 587 | 905 | 741 | |
| Net income available to common stockholders, diluted: | 713 | 1,064 | 438 | 587 | 905 | 741 | ||
Comprehensive Income ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 713 | 1,064 | 438 | 587 | 905 | 741 | ||
| Other comprehensive income (loss) | 346 | 529 | (411) | (1) | ||||
| Comprehensive income: | 713 | 1,064 | 784 | 1,116 | 494 | 740 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1,471) | (592) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (758) | 472 | 784 | 1,116 | 494 | 740 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.