Ameriprise 2013 Annual Report Download - page 158

December 31, 2012
Level 1 Level 2 Level 3 Total
(in millions)
Assets
Cash equivalents $ 18 $ 1,539 $ — $ 1,557
Available-for-Sale securities:
Corporate debt securities — 17,051 1,764 18,815
Residential mortgage backed securities — 5,145 284 5,429
Commercial mortgage backed securities — 3,213 206 3,419
Asset backed securities — 1,097 178 1,275
State and municipal obligations — 2,239 — 2,239
U.S. government and agencies obligations 19 39 — 58
Foreign government bonds and obligations — 224 — 224
Common stocks 3 4 6 13
Other debt obligations — — — —
Total Available-for-Sale securities 22 29,012 2,438 31,472
Trading securities 1 24 — 25
Separate account assets — 72,397 — 72,397
Other assets:
Interest rate derivative contracts — 2,358 — 2,358
Equity derivative contracts 285 973 — 1,258
Credit derivative contracts — — — —
Foreign currency derivative contracts — 6 — 6
Commodity derivative contracts — 1 — 1
Total other assets 285 3,338 — 3,623
Total assets at fair value $ 326 $ 106,310 $ 2,438 $ 109,074
Liabilities
Policyholder account balances, future policy benefits and claims:
EIA embedded derivatives $ — $ 2 $ — $ 2
IUL embedded derivatives — — 45 45
GMWB and GMAB embedded derivatives — — 833 833
Total policyholder account balances, future policy benefits and claims — 2 878 880(1)
Customer deposits — 8 — 8
Other liabilities:
Interest rate derivative contracts — 1,486 — 1,486
Equity derivative contracts 258 1,565 — 1,823
Foreign currency derivative contracts 1 — — 1
Other 13—4
Total other liabilities 260 3,054 — 3,314
Total liabilities at fair value $ 260 $ 3,064 $ 878 $ 4,202
(1) The Company’s adjustment for nonperformance risk resulted in a $398 million cumulative decrease to the embedded derivatives.
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