Ameriprise 2009 Annual Report Download - page 148

Total Gains (Losses) Purchases,
Included in Sales,
Balance, Other Issuances and Transfers Balance,
January 1, Net Comprehensive Settlements, In/(Out) of December 31,
2008 Loss Loss Net Level 3 2008
(in millions)
Available-for-Sale securities:
Corporate debt securities $ 1,339 $ (30) $ (153) $ (36) $ — $ 1,120
Residential mortgage backed securities 1,267 (419) (258) 79 539 1,208
Commercial mortgage backed securities 5 — — (2) — 3
Asset backed securities 242 (18) (37) 35 — 222
Common and preferred stocks 9 — 1 — — 10
Other structured investments 46 1 19 (16) — 50
Total Available-for-Sale securities 2,908 (466)(1) (428) 60 539 (4) 2,613
Trading securities 44 (2)(1) (11) (1) — 30
Other assets 629 76 (2) (106) (112) — 487
Future policy benefits and claims (158) (1,611)
(3) — (63) — (1,832)
Other liabilities — (9)(3) —9——
(1) Included in net investment income in the Consolidated Statements of Operations.
(2) Represents a $148 million gain included in benefits, claims, losses and settlement expenses and a $72 million loss included in other revenues in the
Consolidated Statements of Operations.
(3) Included in benefits, claims, losses and settlement expenses in the Consolidated Statements of Operations.
(4) Represents prime non-agency residential mortgage backed securities previously classified as Level 2 for which management believes the market for
these prime quality assets is now inactive.
The following table presents the changes in unrealized gains (losses) included in net income related to Level 3 assets and liabilities held at
December 31 for the year then ended:
2009 2008
Benefits, Benefits,
Claims, Claims,
Net Losses and Net Losses and
Investment Other Settlement Investment Other Settlement
Income Revenue Expenses Income Revenue Expenses
(in millions)
Available-for-Sale securities:
Corporate debt securities $ — $ — $ — $ (29) $ — $ —
Residential mortgage backed
securities 37 — — (419) — —
Commercial mortgage backed
securities — — — — — —
Asset backed securities 8 — — (18) — —
Other structured investments (2) — — (5) — —
Total Available-for-Sale securities 43 — — (471) — —
Trading securities — — — (2) — —
Other assets — (10) — — (69) 126
Future policy benefits and claims — — 1,582 — — (1,608)
Other liabilities — — — — — —
During the reporting period, there were no material assets or liabilities measured at fair value on a nonrecurring basis.
The following table provides the carrying value and the estimated fair value of financial instruments that are not reported at fair value. All
other financial instruments that are reported at fair value have been included above in the table with balances of assets and liabilities
measured at fair value on a recurring basis.
ANNUAL REPORT 2009 133