Ameriprise 2014 Annual Report Download - page 158
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The following tables present the balances of assets and liabilities of Ameriprise Financial measured at fair value on a
recurring basis:
December 31, 2014
Level 1 Level 2 Level 3 Total
(in millions)
Assets
Cash equivalents $ 27 $ 1,930 $ — $ 1,957
Available-for-Sale securities:
Corporate debt securities — 15,647 1,518 17,165
Residential mortgage backed securities — 6,001 206 6,207
Commercial mortgage backed securities — 2,539 91 2,630
Asset backed securities — 1,301 169 1,470
State and municipal obligations — 2,239 — 2,239
U.S. government and agencies obligations 12 35 — 47
Foreign government bonds and obligations — 251 — 251
Common stocks 5 7 6 18
Total Available-for-Sale securities 17 28,020 1,990 30,027
Trading securities 54 28 1 83
Separate account assets — 83,256 — 83,256
Other assets:
Interest rate derivative contracts — 2,031 — 2,031
Equity derivative contracts 282 1,757 — 2,039
Foreign exchange derivative contracts 1 29 — 30
Other derivative contracts — 1 — 1
Total other assets 283 3,818 — 4,101
Total assets at fair value $ 381 $ 117,052 $ 1,991 $ 119,424
Liabilities
Policyholder account balances, future policy benefits and claims:
EIA embedded derivatives $ — $ 6 $ — $ 6
IUL embedded derivatives — — 242 242
GMWB and GMAB embedded derivatives — — 479 479(2)
Total policyholder account balances, future policy benefits and claims — 6 721 727(1)
Customer deposits — 6 — 6
Other liabilities:
Interest rate derivative contracts — 1,136 — 1,136
Equity derivative contracts 376 2,326 — 2,702
Foreign exchange derivative contracts 1 2 — 3
Other derivative contracts — 114 — 114
Other —12—12
Total other liabilities 377 3,590 — 3,967
Total liabilities at fair value $ 377 $ 3,602 $ 721 $ 4,700
(1) The Company’s adjustment for nonperformance risk resulted in a $311 million cumulative decrease to the embedded derivatives.
(2) The fair value of the GMWB and GMAB embedded derivatives included $700 million of individual contracts in a liability position and
$221 million of individual contracts in an asset position.
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