Ameriprise 2014 Annual Report Download - page 145
Download and view the complete annual report
Please find page 145 of the 2014 Ameriprise annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
 |
 |
Other-than-temporary impairments for the year ended December 31, 2014 primarily related to credit losses on corporate
debt securities and non-agency residential mortgage backed securities. Other-than-temporary impairments for the years
ended December 31, 2013 and 2012 primarily related to credit losses on non-agency residential mortgage backed
securities.
Available-for-Sale securities by contractual maturity at December 31, 2014 were as follows:
Amortized Cost Fair Value
(in millions)
Due within one year $ 1,495 $ 1,508
Due after one year through five years 6,975 7,494
Due after five years through 10 years 5,001 5,216
Due after 10 years 4,558 5,484
18,029 19,702
Residential mortgage backed securities 6,099 6,207
Commercial mortgage backed securities 2,513 2,630
Asset backed securities 1,417 1,470
Common stocks 818
Total $ 28,066 $ 30,027
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.
6. Financing Receivables
The Company’s financing receivables include commercial mortgage loans, syndicated loans, consumer loans, policy loans,
certificate loans and margin loans. See Note 2 for information regarding the Company’s accounting policies related to
loans and the allowance for loan losses.
Allowance for Loan Losses
The following tables present a rollforward of the allowance for loan losses for the years ended and the ending balance of
the allowance for loan losses by impairment method and type of loan:
December 31, 2014
Commercial
Mortgage Syndicated Consumer
Loans Loans Loans Total
(in millions)
Beginning balance $ 26 $ 6 $ 5 $ 37
Charge-offs (1) (2) (1) (4)
Recoveries — — 1 1
Provisions — 2 (1) 1
Ending balance $ 25 $ 6 $ 4 $ 35
Individually evaluated for impairment $ 8 $ — $ 1 $ 9
Collectively evaluated for impairment 17 6 3 26
December 31, 2013
Commercial
Mortgage Syndicated Consumer
Loans Loans Loans Total
(in millions)
Beginning balance $ 29 $ 7 $ 8 $ 44
Charge-offs (3) (1) (3) (7)
Recoveries — — 1 1
Provisions — — (1) (1)
Ending balance $ 26 $ 6 $ 5 $ 37
Individually evaluated for impairment $ 8 $ — $ 1 $ 9
Collectively evaluated for impairment 18 6 4 28
126