Ameriprise 2010 Annual Report Download - page 152
Download and view the complete annual report
Please find page 152 of the 2010 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.-
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
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158 -
159 -
160 -
161 -
162 -
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
 |
 |
16. Derivatives and Hedging Activities
Derivative instruments enable the Company to manage its exposure to various market risks. The value of such instruments
is derived from an underlying variable or multiple variables, including equity, foreign exchange and interest rate indices or
prices. The Company primarily enters into derivative agreements for risk management purposes related to the Company’s
products and operations.
The Company uses derivatives as economic hedges and accounting hedges. The following table presents the balance sheet
location and the gross fair value of derivative instruments, including embedded derivatives:
Asset Liability
Derivatives designated Balance Sheet December 31, December 31, Balance Sheet December 31, December 31,
as hedging instruments Location 2010 2009 Location 2010 2009
(in millions) (in millions)
Cash flow hedges
Interest on debt Other assets $ — $ 19 Other liabilities $ — $ —
Asset-based distribution fees Other assets 10 — Other liabilities — —
Fair value hedges
Fixed rate debt Other assets 61 — Other liabilities — —
Total qualifying hedges 71 19 — —
Derivatives not designated
as hedging instruments
GMWB and GMAB
Interest rate contracts Other assets 366 176 Other liabilities 379 280
Equity contracts Other assets 354 425 Other liabilities 665 474
Credit contracts Other assets 4 12 Other liabilities 1 —
Embedded derivatives(1) N/A — — Future policy benefits 421 299
and claims
Total GMWB and GMAB 724 613 1,466 1,053
Other derivatives:
Interest rate
Interest rate lock commitments Other assets 1 1 Other liabilities — —
Equity
GMDB Other assets — — Other liabilities — 2
EIA Other assets 1 2 Other liabilities — —
EIA embedded derivatives N/A — — Future policy benefits 3 9
and claims
Stock market certificates Other assets 89 166 Other liabilities 75 141
Stock market certificates
embedded derivatives N/A — — Customer deposits 14 26
Seed money Other assets — — Other liabilities — 1
Ameriprise Financial Franchise
Advisor Deferred Equity Plan Other assets 8 — Other liabilities — —
Foreign exchange
Foreign currency Other assets 1 — Other liabilities 1 —
Total other 100 169 93 179
Total non-designated hedges 824 782 1,559 1,232
Total derivatives $ 895 $ 801 $ 1,559 $ 1,232
N/A Not applicable.
(1) The fair values of GMWB and GMAB embedded derivatives fluctuate based on changes in equity, interest rate and credit markets.
See Note 15 for additional information regarding the Company’s fair value measurement of derivative instruments.
136