Ameriprise 2012 Annual Report Download - page 101

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 for the years ended December 31:
2012 2011 2010
(in millions)
RiverSource Life(1) $ 268 $ 1,200 $ 886
ACC(2) — 70 171
Columbia Management Investment Advisers, LLC 255 295 191
Columbia Management Investment Services Corporation 9 5 —
Threadneedle 120 82 125
Ameriprise Trust Company —1—
Securities America Financial Corporation(3) —— 2
IDS Property Casualty(4) 38 40 44
Ameriprise Captive Insurance Company 47 27 26
RiverSource Distributors, Inc. 26 26 23
AMPF Holding Corporation 461 334 282
Total dividend capacity $ 1,224 $ 2,080 $ 1,750
(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) Securities America was sold in the fourth quarter of 2011.
(4) 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 following table presents the cash dividends paid or return of capital to the parent holding company, net of cash capital
contributions made by the parent holding company for the following subsidiaries for the years ended December 31:
2012 2011 2010
(in millions)
RiverSource Life(1) $ 865 $ 750 $ 500
Ameriprise Bank, FSB(2) 213 (71) (35)
ACC (26) 57 160
Columbia Management Investment Advisers, LLC 170 250 90
Threadneedle 94 34 48
Ameriprise Trust Company (4) (3) (5)
Securities America Financial Corporation(3) — (10) —
IDS Property Casualty ——30
Ameriprise Holdings, Inc. 23 — —
Ameriprise Advisor Capital, LLC (50) (44) (33)
RiverSource Distributors, Inc. 2——
AMPF Holding Corporation 295 140 84
Total $ 1,582 $ 1,103 $ 839
(1) In addition, during the year ended December 31, 2011, RiverSource Life paid an $850 million dividend to the parent holding
company consisting of high-quality, short-duration securities.
(2) In January 2013, we completed the conversion of our federal savings bank subsidiary, Ameriprise Bank, FSB, to a limited powers
national trust bank. In connection with the discontinuance of the Ameriprise Bank’s deposit-taking and lending activities and its
conversion to a limited powers trust bank, we applied for and received approval from the OCC and the FRB for the Bank to pay to the
parent holding company a dividend of $250 million, which was paid in the fourth quarter of 2012. Ameriprise Bank paid an additional
$130 million dividend in January 2013 upon final approval to convert Ameriprise Bank, FSB to Ameriprise National Trust Bank.
(3) Securities America was sold in the fourth quarter of 2011.
Dividends Paid to Shareholders and Share Repurchases
We paid regular quarterly dividends to our shareholders totaling $314 million and $212 million for the years ended
December 31, 2012 and 2011, respectively. On January 29, 2013, our Board of Directors declared a quarterly dividend of
$0.45 per common share. The dividend was paid on February 22, 2013 to our shareholders of record at the close of
business on February 11, 2013.
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