AMERIPRISE FINANCIAL INC | 2013 | FY | 3

Discontinued Operations

During the fourth quarter of 2011, the Company sold Securities America to Ladenburg Thalmann Financial Services, Inc.

The components of loss from discontinued operations, net of tax, were as follows:
 
Years Ended December 31,
 
2013
 
2012
 
2011
 
(in millions)
Total net revenues
$
—

 
$
—

 
$
382

 
 
 
 
 
 
Income (loss) from discontinued operations
$
(4
)
 
$
2

 
$
(124
)
Gain on sale
(1
)
 
(7
)
 
26

Income tax benefit
(2
)
 
(3
)
 
(38
)
Loss from discontinued operations, net of tax
$
(3
)
 
$
(2
)
 
$
(60
)

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