Ameriprise 2015 Annual Report Download - page 159

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Policyholder Account Balances,
Future Policy Benefits and Claims
GMWB and
IUL GMAB
Embedded Embedded
Derivatives Derivatives Total
(in millions)
Balance, January 1, 2014 $ 125 $ (575) $ (450)
Total losses included in:
Net income 40(1) 811(2) 851
Issues 90 254 344
Settlements (13) (11) (24)
Balance, December 31, 2014 $ 242 $ 479 $ 721
Changes in unrealized losses relating to liabilities held at December 31, 2014 included in:
Interest credited to fixed accounts $ 40 $ — $ 40
Benefits, claims, losses and settlement expenses — 811 811
(1) Included in interest credited to fixed accounts in the Consolidated Statements of Operations.
(2) Included in benefits, claims, losses and settlement expenses in the Consolidated Statements of Operations.
Available-for-Sale Securities
Residential Commercial
Corporate Mortgage Mortgage Asset
Debt Backed Backed Backed Common Trading
Securities Securities Securities Securities Stocks Total Securities
(in millions)
Balance, January 1, 2013 $ 1,764 $ 284 $ 206 $ 178 $ 6 $ 2,438 $ —
Total gains (losses) included in:
Net income (3) — — 2 — (1)(1) —
Other comprehensive loss (41) — (6) 9 1 (37) —
Purchases 135 335 25 259 — 754 2
Settlements (215) (18) (36) (5) — (274) —
Transfers into Level 3 — — — 8 — 8 —
Transfers out of Level 3 — (414) (159) (191) (1) (765) —
Balance, December 31, 2013 $ 1,640 $ 187 $ 30 $ 260 $ 6 $ 2,123 $ 2
Changes in unrealized gains (losses) relating to
assets held at December 31, 2013 included
in:
Net investment income $ (3) $ — $ — $ 2 $ — $ (1) $ —
(1) Included in net investment income in the Consolidated Statements of Operations.
Policyholder Account Balances,
Future Policy Benefits and Claims
GMWB and
IUL GMAB
Embedded Embedded
Derivatives Derivatives Total
(in millions)
Balance, January 1, 2013 $ 45 $ 833 $ 878
Total (gains) losses included in:
Net income 19(1) (1,617)(2) (1,598)
Issues 62 228 290
Settlements (1) (19) (20)
Balance, December 31, 2013 $ 125 $ (575) $ (450)
Changes in unrealized gains (losses) relating to liabilities held at December 31, 2013
included in:
Interest credited to fixed accounts $ 19 $ — $ 19
Benefits, claims, losses and settlement expenses — (1,598) (1,598)
(1) Included in interest credited to fixed accounts in the Consolidated Statements of Operations.
(2) Included in benefits, claims, losses and settlement expenses in the Consolidated Statements of Operations.
The increase (decrease) to pretax income of the Company’s adjustment for nonperformance risk on the fair value of its
embedded derivatives was $74 million, $124 million and $(168) million, net of DAC, DSIC, unearned revenue amortization
and the reinsurance accrual, for the years ended December 31, 2015, 2014 and 2013, respectively.
137