Ameriprise 2011 Annual Report Download - page 137

The following table presents a rollforward of the cumulative amounts recognized in the Consolidated Statements of
Operations for other-than-temporary impairments related to credit losses on securities for which a portion of the securities’
total other-than-temporary impairments was recognized in other comprehensive income:
Years Ended December 31,
2011 2010 2009
(in millions)
Beginning balance $ 297 $ 263 $ 258
Credit losses for which an other-than-temporary impairment was not previously
recognized 15 15 8
Credit losses for which an other-than-temporary impairment was previously
recognized 19 19 57
Reductions for securities sold during the period (realized) (28) — (60)
Ending balance $ 303 $ 297 $ 263
The change in net unrealized securities gains (losses) in other comprehensive income includes three components, net of
tax: (i) unrealized gains (losses) that arose from changes in the market value of securities that were held during the period;
(ii) (gains) losses that were previously unrealized, but have been recognized in current period net income due to sales of
Available-for-Sale securities and due to the reclassification of noncredit other-than-temporary impairment losses to credit
losses and (iii) other items primarily consisting of adjustments in asset and liability balances, such as DAC, DSIC, benefit
reserves and reinsurance recoverables, to reflect the expected impact on their carrying values had the unrealized gains
(losses) been realized as of the respective balance sheet dates.
The following table presents a rollforward of the net unrealized securities gains (losses) on Available-for-Sale securities
included in accumulated other comprehensive income (loss):
Accumulated Other
Net Comprehensive Income
Unrealized (Loss) Related to Net
Securities Deferred Unrealized Securities
Gains (Losses) Income Tax Gains (Losses)
(in millions)
Balance at January 1, 2009 $ (1,479) $ 518 $ (961)
Cumulative effect of accounting change (203) 71 (132)(1)
Net unrealized securities gains arising during the period(3) 2,792 (977) 1,815
Reclassification of gains included in net income (70) 25 (45)
Impact of DAC, DSIC, benefit reserves and reinsurance recoverables (566) 199 (367)
Balance at December 31, 2009 474 (164) 310(2)
Net unrealized securities gains arising during the period(3) 828 (291) 537
Reclassification of gains included in net income (28) 10 (18)
Impact of DAC, DSIC, benefit reserves and reinsurance recoverables (328) 114 (214)
Balance at December 31, 2010 946 (331) 615(2)
Net unrealized securities gains arising during the period(3) 572 (196) 376
Impact of DAC, DSIC, benefit reserves and reinsurance recoverables (340) 119 (221)
Balance at December 31, 2011 $ 1,178 $ (408) $ 770(2)
(1) Amount represents the cumulative effect of adopting a new accounting standard on January 1, 2009. See Note 3 for additional
information on the adoption impact.
(2) Includes $(75) million, $(66) million and $(84) million of noncredit related impairments on securities and net unrealized securities
losses on previously impaired securities at December 31, 2011, 2010 and 2009, respectively.
(3) Includes other-than-temporary impairment losses on Available-for-Sale securities related to factors other than credit that were
recognized in other comprehensive income during the period.
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,
2011 2010 2009
(in millions)
Gross realized gains $ 52 $ 72 $ 216
Gross realized losses (18) (7) (53)
Other-than-temporary impairments (34) (37) (93)
Other-than-temporary impairments for the years ended December 31, 2011 and 2010 primarily related to credit losses on
non-agency residential mortgage backed securities. Other-than-temporary impairments for the year ended December 31,
122