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Investments (Tables)
9 Months Ended
Sep. 30, 2017
Investments, Debt and Equity Securities [Abstract]  
Summary of Investments [Table Text Block]
The following is a summary of Ameriprise Financial investments:
 
September 30,
2017
 
December 31,
2016
(in millions)
Available-for-Sale securities, at fair value
$
30,826

 
$
30,719

Mortgage loans, net
3,000

 
2,986

Policy and certificate loans
841

 
831

Other investments
1,535

 
1,298

Total
$
36,202

 
$
35,834

Summary of Net Investment Income [Table Text Block]
The following is a summary of net investment income:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
2017
 
2016
2017
 
2016
(in millions)
Investment income on fixed maturities
$
340

 
$
342

 
$
1,012

 
$
1,028

Net realized gains (losses)
(3
)
 
6

 
35

 
(5
)
Affordable housing partnerships
(17
)
 
(17
)
 
(42
)
 
(35
)
Other
26

 
25

 
70

 
13

Consolidated investment entities
26

 
31

 
79

 
89

Total
$
372

 
$
387

 
$
1,154

 
$
1,090

Available-for-Sale Securities Disclosure [Table Text Block]
Available-for-Sale securities distributed by type were as follows:
Description of Securities
September 30, 2017
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Noncredit OTTI (1)
 
(in millions)
Corporate debt securities
$
14,528

 
$
1,145

 
$
(23
)
 
$
15,650

 
$

Residential mortgage backed securities
6,740

 
79

 
(29
)
 
6,790

 

Commercial mortgage backed securities
3,917

 
62

 
(27
)
 
3,952

 

Asset backed securities
1,611

 
39

 
(4
)
 
1,646

 
5

State and municipal obligations
2,216

 
249

 
(10
)
 
2,455

 

U.S. government and agencies obligations
5

 
1

 

 
6

 

Foreign government bonds and obligations
292

 
21

 
(5
)
 
308

 

Common stocks
9

 
11

 
(1
)
 
19

 
6

Total
$
29,318

 
$
1,607

 
$
(99
)
 
$
30,826

 
$
11

Description of Securities
December 31, 2016
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
Noncredit OTTI (1)
 
(in millions)
Corporate debt securities
$
15,231

 
$
1,065

 
$
(60
)
 
$
16,236

 
$

Residential mortgage backed securities
6,899

 
86

 
(67
)
 
6,918

 
(3
)
Commercial mortgage backed securities
3,347

 
59

 
(39
)
 
3,367

 

Asset backed securities
1,532

 
33

 
(16
)
 
1,549

 
5

State and municipal obligations
2,195

 
198

 
(35
)
 
2,358

 

U.S. government and agencies obligations
7

 
1

 

 
8

 

Foreign government bonds and obligations
251

 
17

 
(7
)
 
261

 

Common stocks
10

 
13

 
(1
)
 
22

 
6

Total
$
29,472

 
$
1,472

 
$
(225
)
 
$
30,719

 
$
8

(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.
Fixed Maturity Securities by Rating Disclosure [Table Text Block]
A summary of fixed maturity securities by rating was as follows:
Ratings
September 30, 2017
 
December 31, 2016
Amortized Cost
 
Fair Value
 
Percent of 
Total Fair Value
Amortized Cost
 
Fair Value
 
Percent of 
Total Fair Value
 
(in millions, except percentages)
AAA
$
10,444

 
$
10,528

 
34
%
 
$
9,252

 
$
9,305

 
31
%
AA
1,914

 
2,132

 
7

 
1,729

 
1,906

 
6

A
4,986

 
5,453

 
18

 
5,157

 
5,567

 
18

BBB
10,745

 
11,435

 
37

 
11,739

 
12,340

 
40

Below investment grade (1)
1,220

 
1,259

 
4

 
1,585

 
1,579

 
5

Total fixed maturities
$
29,309

 
$
30,807

 
100
%
 
$
29,462

 
$
30,697

 
100
%

(1) 
The amortized cost and fair value of below investment grade securities includes interest in CLOs managed by the Company of $6 million and $11 million, respectively, at September 30, 2017, and $9 million and $14 million, respectively, at December 31, 2016. These securities are not rated but are included in below investment grade due to their risk characteristics.
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:
Description of Securities
September 30, 2017
Less than 12 months
 
12 months or more
 
Total
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
106

 
$
1,151

 
$
(7
)
 
34

 
$
325

 
$
(16
)
 
140

 
$
1,476

 
$
(23
)
Residential mortgage backed securities
113

 
1,901

 
(16
)
 
109

 
993

 
(13
)
 
222

 
2,894

 
(29
)
Commercial mortgage backed securities
90

 
1,391

 
(21
)
 
19

 
210

 
(6
)
 
109

 
1,601

 
(27
)
Asset backed securities
33

 
398

 
(2
)
 
16

 
105

 
(2
)
 
49

 
503

 
(4
)
State and municipal obligations
89

 
176

 
(1
)
 
16

 
142

 
(9
)
 
105

 
318

 
(10
)
Foreign government bonds and obligations
6

 
19

 

 
14

 
21

 
(5
)
 
20

 
40

 
(5
)
Common stocks

 

 

 
3

 
1

 
(1
)
 
3

 
1

 
(1
)
Total
437

 
$
5,036

 
$
(47
)
 
211

 
$
1,797

 
$
(52
)
 
648

 
$
6,833

 
$
(99
)
Description of Securities
December 31, 2016
Less than 12 months
 
12 months or more
 
Total
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
187

 
$
2,452

 
$
(33
)
 
38

 
$
377

 
$
(27
)
 
225

 
$
2,829

 
$
(60
)
Residential mortgage backed securities
127

 
2,533

 
(33
)
 
177

 
1,290

 
(34
)
 
304

 
3,823

 
(67
)
Commercial mortgage backed securities
100

 
1,583

 
(39
)
 
5

 
43

 

 
105

 
1,626

 
(39
)
Asset backed securities
48

 
524

 
(9
)
 
27

 
298

 
(7
)
 
75

 
822

 
(16
)
State and municipal obligations
181

 
374

 
(14
)
 
3

 
110

 
(21
)
 
184

 
484

 
(35
)
Foreign government bonds and obligations
7

 
30

 
(1
)
 
15

 
23

 
(6
)
 
22

 
53

 
(7
)
Common stocks

 

 

 
3

 
1

 
(1
)
 
3

 
1

 
(1
)
Total
650

 
$
7,496

 
$
(129
)
 
268

 
$
2,142

 
$
(96
)
 
918

 
$
9,638

 
$
(225
)
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) (“OCI”):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
2017
 
2016
2017
 
2016
(in millions)
Beginning balance
$
2

 
$
81

 
$
69

 
$
85

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

 

 

 
1

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

 

 
1

 

Reductions for securities sold during the period (realized)

 

 
(68
)
 
(5
)
Ending balance
$
2

 
$
81

 
$
2

 
$
81

Net Realized Gains and Losses on Available-for-Sale Securities 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 September 30,
 
Nine Months Ended September 30,
2017
 
2016
2017
 
2016
(in millions)
Gross realized gains
$
6

 
$
10

 
$
50

 
$
24

Gross realized losses
(2
)
 
(3
)
 
(6
)
 
(12
)
Other-than-temporary impairments

 

 
(1
)
 
(1
)
Total
$
4

 
$
7

 
$
43

 
$
11

Available-for-Sale Securities Contractual Maturity Disclosure [Table Text Block]
Available-for-Sale securities by contractual maturity as of September 30, 2017 were as follows:
 
Amortized Cost
 
Fair
Value
(in millions)
Due within one year
$
2,311

 
$
2,340

Due after one year through five years
6,562

 
6,820

Due after five years through 10 years
3,852

 
4,010

Due after 10 years
4,316

 
5,249

 
17,041

 
18,419

Residential mortgage backed securities
6,740

 
6,790

Commercial mortgage backed securities
3,917

 
3,952

Asset backed securities
1,611

 
1,646

Common stocks
9

 
19

Total
$
29,318

 
$
30,826