Ameriprise 2009 Annual Report Download - page 93

The following table presents the dividends that could have been paid within the limitations of the applicable regulatory authorities as
further described below, excluding extraordinary dividends:
Years Ended December 31,
2009 2008 2007
(in millions)
Dividend capacity
RiverSource Life(1) $ 173 $ 523 $ 469
AEIS(4) 154 74 159
ACC(2) 87 — 79
RiverSource Investments, LLC 89 164 279
RiverSource Service Corporation 3 16 26
Threadneedle 95 111 134
Ameriprise Trust Company 4 11 22
Securities America Financial Corporation 15 17 —
AFSI(4) 78 272 201
IDS Property Casualty(3) 42 42 52
Ameriprise Captive Insurance Company 16 11 9
RiverSource Distributors, Inc 41 — —
RiverSource Fund Distributors, Inc 13 — —
Total dividend capacity $ 810 $ 1,241 $ 1,430
(1) RiverSource Life dividends in excess of statutory unassigned funds require advance notice to the Minnesota Department of Commerce, RiverSource
Life’s primary regulator, and are subject to potential disapproval. In addition, dividends whose fair market value, together with that of other dividends
or distributions made within the preceding 12 months, exceeds the greater of (1) the previous year’s statutory net gain from operations or (2) 10% of the
previous year-end statutory capital and surplus are referred to as ‘‘extraordinary dividends.’’ Extraordinary dividends also require advance notice to the
Minnesota Department of Commerce, and are subject to potential disapproval. For dividends exceeding these thresholds, RiverSource Life provided
notice to the Minnesota Department of Commerce and received responses indicating that it did not object to the payment of these dividends.
(2) The dividend capacity for ACC is based on capital held in excess of regulatory requirements.
(3) The dividend capacity for IDS Property Casualty is based on the lesser of (1) 10% of the previous year-end capital and surplus or (2) the greater of (a) net
income (excluding realized gains) of the previous year or (b) the aggregate net income of the previous three years excluding realized gains less any
dividends paid within the first two years of the three-year period. Dividends that, together with the amount of other distributions made within the
preceding 12 months, exceed this statutory limitation are referred to as ‘‘extraordinary dividends’’ and require advance notice to the Office of the
Commissioner of Insurance of the State of Wisconsin, the primary state regulator of IDS Property Casualty, and are subject to potential disapproval. The
portion of dividends paid by IDS Property Casualty in 2007 in excess of the dividend capacity set forth in the table above were extraordinary dividends
and received approval from the Office of the Commissioner of Insurance of the State of Wisconsin.
(4) In 2009, AEIS and AFSI became subsidiaries of AMPF Holding Corporation. For AFSI and AEIS, the dividend capacity is based on an internal model
used to determine the availability of dividends, while maintaining net capital at a level sufficiently in excess of minimum levels defined by Securities and
Exchange Commission rules.
78 ANNUAL REPORT 2009