Ameriprise 2012 Annual Report Download - page 141

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The following table presents a rollforward of the net unrealized securities gains on Available-for-Sale securities included in
accumulated other comprehensive income:
Accumulated Other
Comprehensive
Net Unrealized Income Related
Securities Deferred to Net Unrealized
Gains Income Tax Securities Gains
(in millions)
Balance at January 1, 2010 $ 474 $ (164) $ 310
Cumulative effect of accounting change 62 (22) 40(1)
Net unrealized securities gains arising during the period(2) 828 (291) 537
Reclassification of net securities gains included in net income (28) 10 (18)
Impact of DAC, DSIC, benefit reserves and reinsurance recoverables (259) 90 (169)
Balance at December 31, 2010 1,077 (377) 700(3)
Net unrealized securities gains arising during the period(2) 572 (196) 376
Impact of DAC, DSIC, benefit reserves and reinsurance recoverables (299) 106 (193)
Balance at December 31, 2011 1,350 (467) 883(3)
Net unrealized securities gains arising during the period(2) 911 (323) 588
Reclassification of net securities gains included in net income (7) 2 (5)
Impact of DAC, DSIC, benefit reserves and reinsurance recoverables (237) 83 (154)
Balance at December 31, 2012 $ 2,017 $ (705) $ 1,312(3)
(1) The Company retrospectively adopted a new accounting standard on January 1, 2012 for DAC. See Note 1 and Note 3 for additional
information on the adoption impact.
(2) 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.
(3) Includes $(18) million, $(75) million and $(66) million of noncredit related impairments on securities and net unrealized securities
losses on previously impaired securities at December 31, 2012, 2011 and 2010, respectively.
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,
2012 2011 2010
(in millions)
Gross realized gains $ 109 $ 52 $ 72
Gross realized losses (65) (18) (7)
Other-than-temporary impairments (37) (34) (37)
Total $7 $— $28
Other-than-temporary impairments for the years ended December 31, 2012, 2011 and 2010 primarily related to credit
losses on non-agency residential mortgage backed securities.
Available-for-Sale securities by contractual maturity at December 31, 2012 were as follows:
Amortized Cost Fair Value
(in millions)
Due within one year $ 1,643 $ 1,670
Due after one year through five years 5,695 6,029
Due after five years through 10 years 6,964 7,962
Due after 10 years 4,597 5,675
18,899 21,336
Residential mortgage backed securities 5,280 5,429
Commercial mortgage backed securities 3,120 3,419
Asset backed securities 1,204 1,275
Common stocks 713
Total $ 28,510 $ 31,472
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 stocks, were not included in the maturities
distribution.
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