XML 86 R26.htm IDEA: XBRL DOCUMENT v3.2.0.727
Investments (Tables)
 6 Months Ended
Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]  
Summary of investments [Table Text Block]
The following is a summary of Ameriprise Financial investments:
 
June 30, 
 2015
 
December 31, 
 2014
 
(in millions)
Available-for-Sale securities, at fair value
$
29,427

 
$
30,027

Mortgage loans, net
3,388

 
3,440

Policy and certificate loans
817

 
806

Other investments
1,264

 
1,309

Total
$
34,896

 
$
35,582
Summary of net investment income [Table Text Block]
The following is a summary of net investment income:
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2015
 
2014
 
2015
 
2014
 
(in millions)
Investment income on fixed maturities
$
355

 
$
375

 
$
709

 
$
749

Net realized gains
5

 
1

 
15

 
6

Affordable housing partnerships
(10
)
 
(6
)
 
(18
)
 
(12
)
Other
19

 
20

 
42

 
44

Consolidated investment entities
54

 
43

 
159

 
117

Total net investment income
$
423

 
$
433

 
$
907

 
$
904
Available-for-Sale Securities Disclosure [Table Text Block]
Available-for-Sale securities distributed by type were as follows:
 
 
June 30, 2015
Description of Securities
 
Amortized
Cost
 
Gross
Unrealized Gains
 
Gross
Unrealized Losses
 
Fair Value
 
Noncredit
OTTI (1)
 
 
(in millions)
Corporate debt securities
 
$
15,784

 
$
1,217

 
$
(82
)
 
$
16,919

 
$
2

Residential mortgage backed securities
 
6,056

 
131

 
(66
)
 
6,121

 
(13
)
Commercial mortgage backed securities
 
2,479

 
94

 
(11
)
 
2,562

 
—

Asset backed securities
 
1,282

 
43

 
(4
)
 
1,321

 
—

State and municipal obligations
 
2,040

 
185

 
(35
)
 
2,190

 
—

U.S. government and agencies obligations
 
53

 
3

 
—

 
56

 
—

Foreign government bonds and obligations
 
225

 
20

 
(6
)
 
239

 
—

Common stocks
 
8

 
11

 
—

 
19

 
5

Total
 
$
27,927

 
$
1,704

 
$
(204
)
 
$
29,427

 
$
(6
)
 
 
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
)
(1) 
Represents the amount of other-than-temporary impairment (“OTTI”) losses in accumulated other comprehensive income (“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:
 
 
June 30, 2015
 
December 31, 2014
Ratings
 
Amortized Cost
 
Fair Value
 
Percent of Total
Fair Value
 
Amortized Cost
 
Fair Value
 
Percent of Total
Fair Value
 
 
(in millions, except percentages)
AAA
 
$
7,229

 
$
7,419

 
25
%
 
$
7,500

 
$
7,776

 
26
%
AA
 
1,653

 
1,821

 
6

 
1,581

 
1,799

 
6

A
 
5,527

 
6,005

 
21

 
6,028

 
6,668

 
22

BBB
 
11,777

 
12,448

 
42

 
11,187

 
12,025

 
40

Below investment grade
 
1,733

 
1,715

 
6

 
1,762

 
1,741

 
6

Total fixed maturities
 
$
27,919

 
$
29,408

 
100
%
 
$
28,058

 
$
30,009

 
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:
 
 
June 30, 2015
 
 
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
238

 
$
3,260

 
$
(72
)
 
20

 
$
254

 
$
(10
)
 
258

 
$
3,514

 
$
(82
)
Residential mortgage backed securities
93

 
1,380

 
(13
)
 
144

 
1,289

 
(53
)
 
237

 
2,669

 
(66
)
Commercial mortgage backed securities
45

 
558

 
(9
)
 
4

 
65

 
(2
)
 
49

 
623

 
(11
)
Asset backed securities
21

 
256

 
(2
)
 
13

 
225

 
(2
)
 
34

 
481

 
(4
)
State and municipal obligations
137

 
297

 
(8
)
 
3

 
100

 
(27
)
 
140

 
397

 
(35
)
Foreign government bonds and obligations
3

 
7

 
—

 
13

 
24

 
(6
)
 
16

 
31

 
(6
)
Total
537

 
$
5,758

 
$
(104
)
 
197

 
$
1,957

 
$
(100
)
 
734

 
$
7,715

 
$
(204
)
 
 
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
)
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):
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2015
 
2014
 
2015
 
2014
 
(in millions)
Beginning balance
$
99

 
$
147

 
$
98

 
$
147

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

 
1

 
1

 
1

Reductions for securities sold during the period (realized)
(14
)
 
$
—

 
$
(14
)
 
$
—

Ending balance
$
85

 
$
148

 
$
85

 
$
148
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, 2014
$
1,016

 
$
(361
)
 
$
655

  
Net unrealized securities gains arising during the period (1)
739

 
(261
)
 
478

  
Reclassification of net securities gains included in net income
(6
)
 
2

 
(4
)
 
Impact of other adjustments
(257
)
 
90

 
(167
)
 
Balance at June 30, 2014
$
1,492

 
$
(530
)
 
$
962

(2) 
 
 
 
 
 
 
 
Balance at January 1, 2015
$
1,216

 
$
(430
)
 
$
786

  
Net unrealized securities losses arising during the period (1)
(445
)
 
156

 
(289
)
 
Reclassification of net securities gains included in net income
(16
)
 
6

 
(10
)
 
Impact of other adjustments
203

 
(71
)
 
132

  
Balance at June 30, 2015
$
958

 
$
(339
)
 
$
619

(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 $6 million and $2 million of noncredit related impairments on securities and net unrealized securities gains on previously impaired securities at June 30, 2015 and 2014, 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:
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2015
 
2014
 
2015
 
2014
 
(in millions)
Gross realized gains
$
6

 
$
4

 
$
23

 
$
11

Gross realized losses
(1
)
 
(3
)
 
(6
)
 
(4
)
Other-than-temporary impairments
—

 
—

 
(1
)
 
(1
)
Total
$
5

 
$
1

 
$
16

 
$
6
Available-for-Sale securities contractual maturity disclosure [Table Text Block]
Available-for-Sale securities by contractual maturity at June 30, 2015 were as follows:
 
Amortized
Cost
 
Fair
Value
 
(in millions)
Due within one year
$
1,827

 
$
1,852

Due after one year through five years
6,379

 
6,827

Due after five years through 10 years
5,329

 
5,471

Due after 10 years
4,567

 
5,254

 
18,102

 
19,404

Residential mortgage backed securities
6,056

 
6,121

Commercial mortgage backed securities
2,479

 
2,562

Asset backed securities
1,282

 
1,321

Common stocks
8

 
19

Total
$
27,927

 
$
29,427