Ameriprise 2015 Annual Report Download - page 156
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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, 2015
Level 1 Level 2 Level 3 Total
(in millions)
Assets
Cash equivalents $ 80 $ 1,918 $ — $ 1,998
Available-for-Sale securities:
Corporate debt securities — 14,923 1,425 16,348
Residential mortgage backed securities — 5,755 218 5,973
Commercial mortgage backed securities — 2,453 3 2,456
Asset backed securities — 1,134 162 1,296
State and municipal obligations — 2,290 — 2,290
U.S. government and agencies obligations 33 35 — 68
Foreign government bonds and obligations — 224 — 224
Common stocks 5 8 5 18
Total Available-for-Sale securities 38 26,822 1,813 28,673
Trading securities 6 18 — 24
Separate account assets — 80,349 — 80,349
Investments segregated for regulatory purposes 401 — — 401
Other assets:
Interest rate derivative contracts — 1,940 — 1,940
Equity derivative contracts 92 1,495 — 1,587
Credit derivative contracts — 2 — 2
Foreign exchange derivative contracts 2 54 — 56
Other derivative contracts — 2 — 2
Total other assets 94 3,493 — 3,587
Total assets at fair value $ 619 $ 112,600 $ 1,813 $ 115,032
Liabilities
Policyholder account balances, future policy benefits and claims:
EIA embedded derivatives $ — $ 5 $ — $ 5
IUL embedded derivatives — — 364 364
GMWB and GMAB embedded derivatives — — 851 851(1)
Total policyholder account balances, future policy benefits and claims — 5 1,215 1,220(2)
Customer deposits — 4 — 4
Other liabilities:
Interest rate derivative contracts — 969 — 969
Equity derivative contracts 47 1,946 — 1,993
Foreign exchange derivative contracts 2 16 — 18
Other derivative contracts — 96 — 96
Other 112—13
Total other liabilities 50 3,039 — 3,089
Total liabilities at fair value $ 50 $ 3,048 $ 1,215 $ 4,313
(1) The fair value of the GMWB and GMAB embedded derivatives included $994 million of individual contracts in a liability position and
$143 million of individual contracts in an asset position.
(2) The Company’s adjustment for nonperformance risk resulted in a $398 million cumulative decrease to the embedded derivatives.
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