Ameriprise 2010 Annual Report Download - page 134

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Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method,
recognized in earnings were as follows:
Years Ended December 31,
2010 2009 2008
(in millions)
Gross realized gains from sales $ 72 $ 216 $ 16
Gross realized losses from sales (7) (53) (11)
Other-than-temporary impairments (37) (93) (762)
The other-than-temporary impairments for the year ended December 31, 2010 primarily related to credit losses on
non-agency residential mortgage backed securities. The other-than-temporary impairments for the year ended
December 31, 2009 related to credit losses on non-agency residential mortgage backed securities, corporate debt
securities primarily in the financial services and gaming industries and other structured investments. The
other-than-temporary impairments for the year ended December 31, 2008 related to losses on non-agency residential
mortgage backed securities, corporate debt securities primarily in the financial services and gaming industries and asset
backed and other securities.
Available-for-Sale securities by contractual maturity at December 31, 2010 were as follows:
Amortized Cost Fair Value
(in millions)
Due within one year $ 1,382 $ 1,404
Due after one year through five years 5,746 6,065
Due after five years through 10 years 5,650 6,145
Due after 10 years 4,571 4,849
17,349 18,463
Residential mortgage backed securities 7,213 7,258
Commercial mortgage backed securities 4,583 4,868
Asset backed securities 1,982 2,020
Common and preferred stocks 610
Total $ 31,133 $ 32,619
Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations.
Residential mortgage backed securities, commercial mortgage backed securities and asset backed securities are not due
at a single maturity date. As such, these securities, as well as common and preferred stocks, were not included in the
maturities distribution.
Trading Securities
Net recognized gains (losses) related to trading securities held at December 31, 2010, 2009 and 2008 were $31 million,
$31 million and $(88) million, respectively, for the years then ended.
6. Financing Receivables
The Company’s financing receivables include commercial mortgage loans, syndicated loans, consumer bank loans, policy
loans and margin loans. The Company does not hold any loans acquired with deteriorated credit quality. See Note 2 for
information regarding the Company’s accounting policies related to loans and the allowance for loan losses.
Allowance for Loan Losses
The following table presents a rollforward of the allowance for loan losses for the year ended December 31, 2010 and the
ending balance of the allowance for loan losses as of December 31, 2010 by impairment method and type of loan:
Commercial Consumer
Mortgage Syndicated Bank
Loans Loans Loans Total
(in millions)
Beginning balance $ 32 $ 26 $ 13 $ 71
Charge-offs (2) (5) (12) (19)
Recoveries — — 1 1
Provisions 8 (11) 14 11
Ending balance $ 38 $ 10 $ 16 $ 64
Ending balance: Individually evaluated for impairment $ 8 $ 1 $ 2 $ 11
Ending balance: Collectively evaluated for impairment 30 9 14 53
118