Ameriprise 2015 Annual Report Download - page 143
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The following table presents a rollforward of the cumulative amounts recognized in the Consolidated Statements of
Operations for other-than-temporary impairments related to credit losses on Available-for-Sale securities for which a portion
of the securities’ total other-than-temporary impairments was recognized in other comprehensive income (loss):
December 31,
2015 2014 2013
(in millions)
Beginning balance $ 98 $ 147 $ 176
Credit losses for which an other-than-temporary impairment was not previously recognized — — 2
Credit losses for which an other-than-temporary impairment was previously recognized 2 1 7
Reductions for securities sold during the period (realized) (15) (50) (38)
Ending balance $ 85 $ 98 $ 147
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,
2015 2014 2013
(in millions)
Gross realized gains $ 33 $ 53 $ 17
Gross realized losses (19) (8) (1)
Other-than-temporary impairments (8) (6) (9)
Total $6$39$7
Other-than-temporary impairments for the years ended December 31, 2015 and 2014 primarily related to credit losses on
corporate debt securities and non-agency residential mortgage backed securities. Other-than-temporary impairments for the
year ended December 31, 2013 primarily related to credit losses on non-agency residential mortgage backed securities.
See Note 18 for a rollforward of net unrealized investment gains (losses) included in AOCI.
Available-for-Sale securities by contractual maturity at December 31, 2015 were as follows:
Amortized Cost Fair Value
(in millions)
Due within one year $ 1,485 $ 1,496
Due after one year through five years 6,754 7,053
Due after five years through 10 years 5,382 5,371
Due after 10 years 4,518 5,010
18,139 18,930
Residential mortgage backed securities 5,933 5,973
Commercial mortgage backed securities 2,400 2,456
Asset backed securities 1,273 1,296
Common stocks 718
Total $ 27,752 $ 28,673
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.
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