Ameriprise 2010 Annual Report Download - page 131

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5. Investments
The following is a summary of Ameriprise Financial investments:
December 31,
2010 2009
(in millions)
Available-for-Sale securities, at fair value $ 32,619 $ 32,546
Commercial mortgage loans, net 2,577 2,663
Trading securities 565 556
Policy loans 733 720
Other investments 559 453
Total $ 37,053 $ 36,938
Available-for-Sale securities distributed by type were as follows:
December 31, 2010
Gross Gross
Amortized Unrealized Unrealized Noncredit
Description of Securities Cost Gains Losses Fair Value OTTI(1)
(in millions)
Corporate debt securities $ 15,433 $ 1,231 $ (58) $ 16,606 $ —
Residential mortgage backed securities 7,213 368 (323) 7,258 (117)
Commercial mortgage backed securities 4,583 293 (8) 4,868 —
Asset backed securities 1,982 78 (40) 2,020 (16)
State and municipal obligations 1,666 21 (105) 1,582 —
U.S. government and agencies obligations 135 8 — 143 —
Foreign government bonds and obligations 91 17 — 108 —
Common and preferred stocks 6 4 — 10 —
Other debt obligations 24 — — 24 —
Total $ 31,133 $ 2,020 $ (534) $ 32,619 $ (133)
December 31, 2009
Gross Gross
Amortized Unrealized Unrealized Fair Noncredit
Description of Securities Cost Gains Losses Value OTTI(1)
(in millions)
Corporate debt securities $ 15,336 $ 894 $ (107) $ 16,123 $ 12
Residential mortgage backed securities 8,050 218 (498) 7,770 (152)
Commercial mortgage backed securities 4,437 196 (20) 4,613 —
Asset backed securities 1,984 72 (62) 1,994 (18)
State and municipal obligations 1,472 21 (76) 1,417 —
U.S. government and agencies obligations 379 9 (1) 387 —
Foreign government bonds and obligations 95 14 (1) 108 —
Common and preferred stocks 52 1 (10) 43 —
Other structured investments 22 36 — 58 21
Other debt obligations 33 — — 33 —
Total $ 31,860 $ 1,461 $ (775) $ 32,546 $ (137)
(1) Represents the amount of other-than-temporary impairment losses in Accumulated Other Comprehensive Income. 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.
At both December 31, 2010 and 2009, fixed maturity securities comprised approximately 88% of Ameriprise Financial
investments. Rating agency designations are based on the availability of ratings from Nationally Recognized Statistical
Rating Organizations (‘‘NRSROs’’), including Moody’s Investors Service (‘‘Moody’s’’), Standard & Poor’s Ratings Services
(‘‘S&P’’) and Fitch Ratings Ltd. (‘‘Fitch’’). The Company uses the median of available ratings from Moody’s, S&P and Fitch,
or, if fewer than three ratings are available, the lower rating is used. When ratings from Moody’s, S&P and Fitch are
unavailable, the Company may utilize ratings from other NRSROs or rate the securities internally. At both December 31,
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