- DefinitionRepresents the market impact on variable annuity living benefits, net of hedges, DSIC and DAC amortization, which includes changes in the GMWB and GMAB embedded derivative liability values caused by changes in financial market conditions, net of changes in associated hedge asset values. The market impact also includes certain valuation adjustments made in accordance with FASB Accounting Standards Codification 820, Fair Value Measurements and Disclosures (FAS 157), including the impact on GMWB and GMAB embedded derivative liability values of discounting projected benefits to reflect a current estimate of the company's life insurance subsidiary's nonperformance spread.
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amp_MarketImpactOnVariableAnnuityLivingBenefitsNetOfHedgesDSICAndDACAmortization |
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amp_ |
Data Type: |
xbrli:monetaryItemType |
Balance Type: |
debit |
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duration |