Ameriprise 2015 Annual Report Download - page 175

Year Ended December 31, 2013
Income Tax
Pretax Benefit (Expense) Net of Tax
(in millions)
Net unrealized securities losses:
Net unrealized securities losses arising during the period(1) $ (1,484) $ 513 $ (971)
Reclassification of net securities gains included in net income(2) (7) 2 (5)
Impact of deferred acquisition costs, deferred sales inducement costs, unearned
revenue, benefit reserves and reinsurance recoverables 490 (171) 319
Net unrealized securities losses (1,001) 344 (657)
Net unrealized derivatives losses:
Reclassification of net derivative losses included in net income(3) 1— 1
Net unrealized derivatives losses 1 — 1
Defined benefit plans:
Prior service credit (2) 1 (1)
Net gain arising during the period 71 (25) 46
Defined benefit plans 69 (24) 45
Foreign currency translation 18 (6) 12
Other comprehensive loss attributable to Ameriprise Financial (913) 314 (599)
Other comprehensive income attributable to noncontrolling interests 25 — 25
Total other comprehensive loss $ (888) $ 314 $ (574)
(1) Includes other-than-temporary impairment losses on Available-for-Sale securities related to factors other than credit that were
recognized in other comprehensive income (loss) during the period.
(2) Reclassification amounts are recorded in net investment income.
(3) Includes a $4 million, $4 million and $4 million pretax gain reclassified to interest and debt expenses and a $5 million, $5 million
and $5 million pretax loss reclassified to net investment income for the years ended December 31, 2015, 2014 and 2013,
respectively.
Other comprehensive income (loss) related to net unrealized securities gains (losses) includes three components:
(i) unrealized gains (losses) that arose from changes in the market value of securities that were held during the period;
(ii) (gains) losses that were previously unrealized, but have been recognized in current period net income due to sales of
Available-for-Sale securities and due to the reclassification of noncredit other-than-temporary impairment losses to credit
losses; and (iii) other adjustments primarily consisting of changes in insurance and annuity asset and liability balances,
such as DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables, to reflect the expected impact on
their carrying values had the unrealized gains (losses) been realized as of the respective balance sheet dates.
The following table presents the changes in the balances of each component of AOCI, net of tax:
Net Unrealized Net Unrealized Foreign
Securities Derivatives Defined Currency
Gains Losses Benefit Plans Translation Total
(in millions)
Balance, January 1, 2013 $ 1,312 $ (2) $ (91) $ (25) $ 1,194
OCI before reclassifications (652) — 39 12 (601)
Amounts reclassified from AOCI (5) 1 6 — 2
OCI attributable to Ameriprise Financial (657) 1 45 12 (599)
Balance, December 31, 2013 655(1) (1) (46) (13) 595
OCI before reclassifications 156 — (30) (40) 86
Amounts reclassified from AOCI (25) 1 5 — (19)
OCI attributable to Ameriprise Financial 131 1 (25) (40) 67
Balance, December 31, 2014 786(1) — (71) (53) 662
OCI before reclassifications (356) — (25) (30) (411)
Amounts reclassified from AOCI (4) 1 5 — 2
OCI attributable to Ameriprise Financial (360) 1 (20) (30) (409)
Balance, December 31, 2015 $ 426(1) $ 1 $ (91) $ (83) $ 253
(1) Includes $4 million, $5 million and $(4) million of noncredit related impairments on securities and net unrealized securities gains
(losses) on previously impaired securities at December 31, 2015, 2014 and 2013, respectively.
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