XML 60 R37.htm IDEA: XBRL DOCUMENT v2.4.1.9
Investments (Tables)
12 Months Ended
Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]  
Summary of Investments [Table Text Block]
The following is a summary of Ameriprise Financial investments:
 
December 31,
 
2014
 
2013
 
(in millions)
Available-for-Sale securities, at fair value
$
30,027

 
$
30,310

Mortgage loans, net
3,440

 
3,510

Policy and certificate loans
806

 
774

Other investments
1,309

 
1,141

Total
$
35,582

 
$
35,735

Summary of Net Investment Income [Table Text Block]
The following is a summary of net investment income:
 
Years Ended December 31,
 
2014
 
2013
 
2012
 
(in millions)
Investment income on fixed maturities
$
1,479

 
$
1,575

 
$
1,768

Net realized gains
37

 
7

 
7

Affordable housing partnerships
(25
)
 
(12
)
 
(25
)
Other
93

 
99

 
73

Consolidated investment entities
157

 
220

 
110

Total net investment income
$
1,741

 
$
1,889

 
$
1,933

Available-for-Sale Securities Disclosure [Table Text Block]
Available-for-Sale securities distributed by type were as follows:
 
 
December 31, 2014
Description of Securities
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
 
Noncredit
OTTI (1)
 
 
(in millions)
Corporate debt securities
 
$
15,742

 
$
1,482

 
$
(59
)
 
$
17,165

 
$
3

Residential mortgage backed securities
 
6,099

 
168

 
(60
)
 
6,207

 
(15
)
Commercial mortgage backed securities
 
2,513

 
120

 
(3
)
 
2,630

 

Asset backed securities
 
1,417

 
59

 
(6
)
 
1,470

 

State and municipal obligations
 
2,008

 
257

 
(26
)
 
2,239

 

U.S. government and agencies obligations
 
43

 
4

 

 
47

 

Foreign government bonds and obligations
 
236

 
21

 
(6
)
 
251

 

Common stocks
 
8

 
10

 

 
18

 
5

Total
 
$
28,066

 
$
2,121

 
$
(160
)
 
$
30,027

 
$
(7
)
 
 
December 31, 2013
Description of Securities
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Value
 
Noncredit
OTTI 
(1)
 
 
(in millions)
Corporate debt securities
 
$
16,233

 
$
1,330

 
$
(97
)
 
$
17,466

 
$
3

Residential mortgage backed securities
 
6,114

 
147

 
(137
)
 
6,124

 
(33
)
Commercial mortgage backed securities
 
2,612

 
141

 
(12
)
 
2,741

 

Asset backed securities
 
1,459

 
53

 
(8
)
 
1,504

 

State and municipal obligations
 
2,132

 
106

 
(78
)
 
2,160

 

U.S. government and agencies obligations
 
47

 
5

 

 
52

 

Foreign government bonds and obligations
 
235

 
18

 
(8
)
 
245

 

Common stocks
 
7

 
11

 

 
18

 
4

Total
 
$
28,839

 
$
1,811

 
$
(340
)
 
$
30,310

 
$
(26
)
(1)  Represents the amount of other-than-temporary impairment (“OTTI”) losses in AOCI. Amount includes unrealized gains and losses on impaired securities subsequent to the initial impairment measurement date. These amounts are included in gross unrealized gains and losses as of the end of the period.
Investments with Fixed Maturities Disclosure [Table Text Block]
A summary of fixed maturity securities by rating was as follows:
 
 
December 31, 2014
 
December 31, 2013
Ratings
 
Amortized
Cost
 
Fair Value
 
Percent of
Total Fair
Value
 
Amortized
Cost
 
Fair Value
 
Percent of
Total Fair
Value
 
 
(in millions, except percentages)
AAA
 
$
7,500

 
$
7,776

 
26
%
 
$
7,562

 
$
7,746

 
25
%
AA
 
1,581

 
1,799

 
6

 
1,587

 
1,707

 
6

A
 
6,028

 
6,668

 
22

 
6,381

 
6,738

 
22

BBB
 
11,187

 
12,025

 
40

 
11,427

 
12,272

 
41

Below investment grade
 
1,762

 
1,741

 
6

 
1,875

 
1,829

 
6

Total fixed maturities
 
$
28,058

 
$
30,009

 
100
%
 
$
28,832

 
$
30,292

 
100
%
Available-for-Sale Securities Continuous Unrealized Loss Disclosure [Table Text Block]
The following tables provide information about Available-for-Sale securities with gross unrealized losses and the length of time that individual securities have been in a continuous unrealized loss position:
 
 
December 31, 2014
 
 
Less than 12 months
 
12 months or more
 
Total
Description of Securities
 
Number of
Securities
 
Fair
Value
 
Unrealized
Losses
 
Number of
Securities
 
Fair
Value
 
Unrealized
Losses
 
Number of
Securities
 
Fair
Value
 
Unrealized
Losses
 
 
(in millions, except number of securities)
Corporate debt securities
182

 
$
2,165

 
$
(41
)
 
40

 
$
689

 
$
(18
)
 
222

 
$
2,854

 
$
(59
)
Residential mortgage backed securities
73

 
879

 
(7
)
 
138

 
1,387

 
(53
)
 
211

 
2,266

 
(60
)
Commercial mortgage backed securities
15

 
173

 

 
12

 
131

 
(3
)
 
27

 
304

 
(3
)
Asset backed securities
17

 
201

 
(2
)
 
14

 
238

 
(4
)
 
31

 
439

 
(6
)
State and municipal obligations
11

 
29

 
(1
)
 
10

 
115

 
(25
)
 
21

 
144

 
(26
)
Foreign government bonds and obligations
4

 
10

 
(1
)
 
14

 
27

 
(5
)
 
18

 
37

 
(6
)
Total
302

 
$
3,457

 
$
(52
)
 
228

 
$
2,587

 
$
(108
)
 
530

 
$
6,044

 
$
(160
)
 
 
December 31, 2013
 
 
Less than 12 months
 
12 months or more
 
Total
Description of Securities
 
Number of
Securities
 
Fair
Value
 
Unrealized
Losses
 
Number of
Securities
 
Fair
Value
 
Unrealized
Losses
 
Number of
Securities
 
Fair
Value
 
Unrealized
Losses
 
 
(in millions, except number of securities)
Corporate debt securities
181

 
$
2,817

 
$
(83
)
 
12

 
$
181

 
$
(14
)
 
193

 
$
2,998

 
$
(97
)
Residential mortgage backed securities
128

 
2,393

 
(66
)
 
113

 
663

 
(71
)
 
241

 
3,056

 
(137
)
Commercial mortgage backed securities
35

 
426

 
(10
)
 
4

 
22

 
(2
)
 
39

 
448

 
(12
)
Asset backed securities
40

 
531

 
(7
)
 
4

 
32

 
(1
)
 
44

 
563

 
(8
)
State and municipal obligations
169

 
468

 
(36
)
 
14

 
117

 
(42
)
 
183

 
585

 
(78
)
Foreign government bonds and obligations
23

 
77

 
(8
)
 

 

 

 
23

 
77

 
(8
)
Total
576

 
$
6,712

 
$
(210
)
 
147

 
$
1,015

 
$
(130
)
 
723

 
$
7,727

 
$
(340
)
Credit Losses on Available-for-Sale Securities Disclosure [Table Text Block]
The following table presents a rollforward of the cumulative amounts recognized in the Consolidated Statements of Operations for other-than-temporary impairments related to credit losses on Available-for-Sale securities for which a portion of the securities’ total other-than-temporary impairments was recognized in other comprehensive income (loss):
 
December 31,
 
2014
 
2013
 
2012
 
(in millions)
Beginning balance
$
147

 
$
176

 
$
303

Credit losses for which an other-than-temporary impairment was not previously recognized

 
2

 
2

Credit losses for which an other-than-temporary impairment was previously recognized
1

 
7

 
32

Reductions for securities sold during the period (realized)
(50
)
 
(38
)
 
(161
)
Ending balance
$
98

 
$
147

 
$
176

Other Comprehensive Income Available-for-Sale Securities Disclosure [Table Text Block]
The following table presents a rollforward of the net unrealized securities gains on Available-for-Sale securities included in AOCI:
 
Net Unrealized
Securities
Gains
 
Deferred
Income Tax
 
AOCI Related
to Net Unrealized
Securities Gains
 
 
(in millions)
  
Balance at January 1, 2012
$
1,350

 
$
(467
)
 
$
883

 
Net unrealized securities gains arising during the period (1)
911

 
(323
)
 
588

  
Reclassification of net securities gains included in net income
(7
)
 
2

 
(5
)
 
Impact of other adjustments
(237
)
 
83

 
(154
)
 
Balance at December 31, 2012
2,017

 
(705
)
 
1,312

(2) 
Net unrealized securities losses arising during the period (1)
(1,484
)
 
513

 
(971
)
  
Reclassification of net securities gains included in net income
(7
)
 
2

 
(5
)
  
Impact of other adjustments
490

 
(171
)
 
319

 
Balance at December 31, 2013
1,016

 
(361
)
 
655

(2) 
Net unrealized securities gains arising during the period (1)
529

 
(184
)
 
345

 
Reclassification of net securities gains included in net income
(39
)
 
14

 
(25
)
 
Impact of other adjustments
(290
)
 
101

 
(189
)
  
Balance at December 31, 2014
$
1,216

 
$
(430
)
 
$
786

(2) 
(1) Includes other-than-temporary impairment losses on Available-for-Sale securities related to factors other than credit that were recognized in other comprehensive income (loss) during the period.
(2) Includes $5 million, $(4) million and $(18) million of noncredit related impairments on securities and net unrealized securities gains (losses) on previously impaired securities at December 31, 2014, 2013 and 2012, respectively.
Available-for-Sale Securities Recognized in Earnings Disclosure [Table Text Block]
Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method, recognized in earnings were as follows:
 
Years Ended December 31,
 
2014
 
2013
 
2012
 
(in millions)
Gross realized gains
$
53

 
$
17

 
$
109

Gross realized losses
(8
)
 
(1
)
 
(65
)
Other-than-temporary impairments
(6
)
 
(9
)
 
(37
)
Total
$
39

 
$
7

 
$
7

Available-for-Sale Securities Contractual Maturity Disclosure [Table Text Block]
Available-for-Sale securities by contractual maturity at December 31, 2014 were as follows:
 
Amortized Cost
 
Fair Value
 
(in millions)
Due within one year
$
1,495

 
$
1,508

Due after one year through five years
6,975

 
7,494

Due after five years through 10 years
5,001

 
5,216

Due after 10 years
4,558

 
5,484

 
18,029

 
19,702

Residential mortgage backed securities
6,099

 
6,207

Commercial mortgage backed securities
2,513

 
2,630

Asset backed securities
1,417

 
1,470

Common stocks
8

 
18

Total
$
28,066

 
$
30,027