Ameriprise 2006 Annual Report Download - page 83

Download and view the complete annual report

Please find page 83 of the 2006 Ameriprise annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

Estimated amortization expense associated with intangible assets is as follows:
(in millions)
2007 $ 26
2008 24
2009 24
2010 22
2011 18
The changes in the carrying amount of goodwill reported in the Company’s segments were as follows:
Asset
Accumulation
and Income Protection Consolidated
(in millions)
Balance at January 1, 2005(1) $ 582 $ 51 $ 633
Acquisitions 5— 5
Foreign currency translation and other adjustments(2) (61) — (61)
Balance at December 31, 2005(1) 526 51 577
Acquisitions 4— 4
Foreign currency translation and other adjustments(2) 57 — 57
Balance at December 31, 2006 $ 587 $ 51 $ 638
(1) Balances have been retroactively adjusted to reflect changes in segments effective January 1, 2006.
(2) Primarily reflects foreign currency translation adjustments related to Threadneedle.
12. Future Policy Benefits and Claims and Separate Account Liabilities
Future policy benefits and claims consisted of the following:
December 31,
2006 2005
(in millions)
Fixed annuities $ 16,841 $ 18,793
Equity indexed annuities accumulated host values 267 296
Equity indexed annuities embedded derivative reserve 50 38
Variable annuities fixed sub-accounts 5,975 6,999
GMWB variable annuity guarantees (12) 9
Other variable annuity guarantees 26 21
Total annuities 23,147 26,156
VUL/UL insurance contract reserves 2,562 2,552
Other life, disability income and long term care insurance 3,852 3,604
Auto and home reserves 381 327
Policy claims and other policyholders’ funds 91 92
Total $ 30,033 $ 32,731
Separate account liabilities consisted of the following:
December 31,
2006 2005
(in millions)
Variable annuity contract reserves $ 43,515 $ 33,152
VUL insurance contract reserves 5,772 4,775
Threadneedle investment liabilities 4,561 3,634
Total $ 53,848 $ 41,561
81
Ameriprise Financial, Inc. 2006 Annual Report