Ameriprise 2013 Annual Report Download - page 143
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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, 2011 $ 1,077 $ (377) $ 700
Net unrealized securities gains arising during the period(1) 572 (196) 376
Impact of DAC, DSIC, benefit reserves and reinsurance recoverables (299) 106 (193)
Balance at December 31, 2011 1,350 (467) 883(2)
Net unrealized securities gains arising during the period(1) 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(2)
Net unrealized securities losses arising during the period(1) (1,484) 513 (971)
Reclassification of net securities gains included in net income (7) 2 (5)
Impact of DAC, DSIC, benefit reserves and reinsurance recoverables 490 (171) 319
Balance at December 31, 2013 $ 1,016 $ (361) $ 655(2)
(1) Includes other-than-temporary impairment losses on Available-for-Sale securities related to factors other than credit that were
recognized in other comprehensive income (loss) during the period.
(2) Includes $4 million, $18 million and $75 million of noncredit related impairments on securities and net unrealized securities losses
on previously impaired securities at December 31, 2013, 2012 and 2011, 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,
2013 2012 2011
(in millions)
Gross realized gains $ 17 $ 109 $ 52
Gross realized losses (1) (65) (18)
Other-than-temporary impairments (9) (37) (34)
Total $7 $ 7 $—
Other-than-temporary impairments for the years ended December 31, 2013, 2012 and 2011 primarily related to credit
losses on non-agency residential mortgage backed securities.
Available-for-Sale securities by contractual maturity at December 31, 2013, were as follows:
Amortized Cost Fair Value
(in millions)
Due within one year $ 1,448 $ 1,470
Due after one year through five years 5,918 6,317
Due after five years through 10 years 6,591 6,963
Due after 10 years 4,690 5,173
18,647 19,923
Residential mortgage backed securities 6,114 6,124
Commercial mortgage backed securities 2,612 2,741
Asset backed securities 1,459 1,504
Common stocks 718
Total $ 28,839 $ 30,310
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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