UNITED STATES | ||||
SECURITIES AND EXCHANGE COMMISSION | ||||
WASHINGTON, D.C. 20549 | ||||
FORM | 10-K |
☒ | ANNUAL REPORT PURSUANT TO SECTION 30 OF THE INVESTMENT COMPANY ACT OF 1940 AND SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||
For the Fiscal Year Ended | December 31, 2019 | |||
OR | ||||
☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | |||
For the Transition Period from_______________________to_______________________ |
Commission File No. | 811-00002 |
AMERIPRISE CERTIFICATE COMPANY |
(Exact name of registrant as specified in its charter) |
Delaware | 41-6009975 | |||
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
1099 Ameriprise Financial Center | Minneapolis | Minnesota | 55474 | |||||
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: | (612) | 671-3131 |
Securities registered pursuant to Section 12(b) of the Act: | None |
Securities registered pursuant to Section 12(g) of the Act: | None |
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. | Yes | ☐ | No | ☒ |
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. | Yes | ☐ | No | ☒ |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. | Yes | ☒ | No | ☐ |
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). | Yes | ☒ | No | ☐ |
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. | |||||||||
Large Accelerated Filer | ☐ | Non-Accelerated Filer | ☒ | Accelerated Filer | ☐ | Smaller reporting company | ☐ | Emerging growth company | ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ |
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). | Yes | ☐ | No | ☒ |
Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. | ||||
Class | Outstanding at February 26, 2020 | |||
Common Stock (par value $10 per share) | 150,000 shares |
All outstanding shares of the registrant are directly owned by Ameriprise Financial, Inc.
THE REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTIONS I(1)(a) AND (b) OF FORM 10-K AND IS THEREFORE FILING THIS FORM WITH THE REDUCED DISCLOSURE FORMAT.
AMERIPRISE CERTIFICATE COMPANY
FORM 10-K
INDEX
PART I | ||
Item 1. Business | ||
Item 1A. Risk Factors | ||
Item 1B. Unresolved Staff Comments | ||
Item 2. Properties | ||
Item 3. Legal Proceedings | ||
Item 4. Mine Safety Disclosures | ||
PART II | ||
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | ||
Item 6. Selected Financial Data | ||
Item 7. Management’s Narrative Analysis | ||
Item 7A. Quantitative and Qualitative Disclosures About Market Risk | ||
Item 8. Financial Statements and Supplementary Data | ||
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure | ||
Item 9A. Controls and Procedures | ||
Item 9B. Other Information | ||
PART III | ||
Item 10. Directors, Executive Officers and Corporate Governance | ||
Item 11. Executive Compensation | ||
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | ||
Item 13. Certain Relationships and Related Transactions, and Director Independence | ||
Item 14. Principal Accountant Fees and Services | ||
PART IV | ||
Item 15. Exhibits and Financial Statement Schedules | ||
Item 16. Form 10-K Summary | ||
Signatures | ||
Index to Consolidated Financial Statements and Schedules |
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Ameriprise Certificate Company
PART I
Item 1. Business
Overview
Ameriprise Certificate Company (“ACC”) was incorporated on October 28, 1977 under the laws of Delaware. Ameriprise Financial, Inc. (“Ameriprise Financial”), a Delaware corporation, owns 100% of the outstanding voting securities of ACC. Ameriprise Financial and its predecessor companies have a 125 year of history of providing solutions to help clients confidently achieve their financial objectives.
ACC is registered as an investment company under the Investment Company Act of 1940, as amended (the “1940 Act”) and is in the business of issuing face-amount investment certificates. Face-amount certificates issued by ACC entitle the certificate owner to receive at maturity a stated amount of money and interest or credits declared from time to time by ACC, at its discretion. ACC’s certificates are distributed and sold solely by Ameriprise Financial Services, LLC (“AFS”) (previously known as Ameriprise Financial Services, Inc. until January 2020), an affiliate of ACC. AFS is registered as a broker-dealer in all 50 states, the District of Columbia and Puerto Rico.
To ACC’s knowledge, ACC is the largest issuer of face-amount certificates in the United States. However, ACC’s certificate products compete with many other banking and investment products offered by banks, savings and loan associations, asset managers, broker-dealers and others, which may be viewed by potential clients as offering a comparable or superior combination of safety and return on investment. In particular, some of ACC’s products are designed to be competitive with the types of investments offered by banks and thrifts. Since ACC’s face-amount certificates are securities, their offer and sale are subject to regulation under federal and state securities laws. ACC’s certificates are backed by ACC’s qualified assets on deposit and are not insured by any governmental agency or other entity.
ACC’s future profitability is dependent upon changes in the economic, credit and equity environments, as well as the competitive environment.
Products
As of the date of this report, ACC offered the following five different certificate products to the public:
1. | Ameriprise Cash Reserve Certificate |
• | Single payment certificate that permits additional payments and on which ACC guarantees interest rates in advance for a three month term. |
• | Currently sold without a sales charge. |
• | Available as qualified investments for IRAs, 401(k) plans, and other qualified retirement plans. |
• | Current policy is to re-evaluate the certificate product interest crediting rates weekly to respond to marketplace changes. |
• | ACC refers to an independent index or source to set the rates for new sales and must set the rates for an initial purchase of the certificate within a specified range of the rate from such index or source. For renewals, ACC uses such rates as an indication of the competitors’ rates, but is not required to set rates within a specified range. |
• | Non-Jumbo Deposit National Rates for 3 month CDs as published by the FDIC are used as the guide in setting rates. |
• | Competes with popular short term investment and savings vehicles such as certificates of deposit, savings accounts, and money market mutual funds that offer comparable yields, liquidity and safety of principal. |
• | Twenty year maturity. |
2. | Ameriprise Flexible Savings Certificate |
• | Single payment certificate that permits a limited amount of additional payments and on which ACC guarantees interest rates in advance for a term of three, six, seven, nine, twelve, thirteen, eighteen, twenty-four, thirty or thirty-six months, and potentially other terms, at ACC’s option. |
• | Currently sold without a sales charge. |
• | Currently premature surrenders incur surrender charges. |
• | Available as qualified investments for IRAs, 401(k) plans, and other qualified retirement plans. |
• | Current policy is to re-evaluate the certificate product interest crediting rates weekly to respond to marketplace changes. |
• | ACC refers to an independent index or source to set the rates for new sales and must set the rates for an initial purchase of the certificate within a specified range of the rate from such index or source. For renewals, ACC uses such rates as an indication of the competitors’ rates, but is not required to set rates within a specified range. |
• | Non-Jumbo Deposit National Rates as published by the FDIC are used as the guide in setting rates. |
• | Competes with popular short-term investment vehicles such as certificates of deposit, money market certificates, and money market mutual funds that offer comparable yields, liquidity and safety of principal. |
• | Twenty year maturity. |
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3. | Ameriprise Installment Certificate |
• | Installment payment certificate that declares interest rates in advance for a three-month period. |
• | Currently sold without a sales charge. |
• | Currently premature surrenders incur surrender charges. |
• | Available as qualified investments for IRAs, 401(k) plans, and other qualified retirement plans. |
• | Current policy is to re-evaluate the certificate product interest crediting rates weekly to respond to marketplace changes. |
• | As of the date of this report, ACC has set a fixed rate of 1.00% for new sales. |
• | Intended to help clients save systematically and may compete with passbook savings and NOW accounts. |
• | Ten year maturity. |
4. | Ameriprise Stock Market Certificate |
• | Single payment certificate with terms of 52, 104 and 156 weeks that offer the certificate product owner the opportunity to have all or part of the certificate product returns tied to the stock market performance, up to a maximum return, as measured by a broad stock market index, with return of principal guaranteed by ACC. The owner can also choose to earn a fixed rate of interest after the first term. |
• | Currently sold without a sales charge. |
• | Currently premature surrenders incur surrender charges. |
• | Available as qualified investments for IRAs, 401(k) plans, and other qualified retirement plans. |
• | Current policy is to re-evaluate the certificate product interest crediting rates weekly and maximum return rates at least monthly to respond to marketplace changes. |
• | Certain banks offer certificates of deposit that have features similar to this certificate. |
• | The rate of interest is calculated in whole or in part based on any upward movement in a broad-based stock market index up to a maximum return, where the maximum is a fixed rate for a given term, but can be changed at ACC’s discretion for subsequent terms. |
• | Fifteen year maturity for certificates with terms of 52 and 156 weeks and fourteen year maturity for certificates with terms of 104 weeks. |
5. | Ameriprise Step-Up Rate Certificate |
• | Single payment certificate that offers terms of two, three or four years and on which ACC guarantees an initial interest rate, as well as any step-up in rates taken, per the terms of the prospectus. |
• | Two- and three-year terms include the opportunity to step up the rate once during the term. |
• | Four-year term includes two opportunities to step up the rate during the term. |
• | Step-up rate will be the then-current new purchase rate for the same term as current certificate term. |
• | Currently sold without a sales charge. |
• | Currently premature surrenders incur surrender charges. |
• | Available as qualified investments for IRAs, 401(k) plans, and other qualified retirement plans. |
• | Current policy is to re-evaluate the certificate product interest crediting rates weekly to respond to marketplace changes. |
• | ACC refers to an independent index or source to set the rates for new sales and must set the rates for an initial purchase of the certificate within a specified range of the rate from such index or source. For renewals, ACC uses such rates as an indication of the competitors’ rates, but is not required to set rates within a specified range. |
• | Non-Jumbo Deposits National Rates as published by the FDIC are used as the guide in setting rates. |
• | Certain banks offer certificates of deposit that have features similar to this certificate. |
• | Twenty year maturity. |
Within the specified maturity periods, most certificates have interest crediting rate terms ranging from three to forty-eight months. Interest crediting rates are subject to change and certificate product owners can surrender their certificates without penalty at the end of a term. Currently offered ACC certificates (listed above), as well as certain certificates previously issued by ACC (not listed above), contain renewal features which enable certificate owners to renew their certificate term until certificate maturity. Accordingly, certificate products that are currently outstanding in their renewal periods or are exercised for renewal in the future are, and continue to be, liabilities of ACC until their redemption or maturity, whether or not such certificates are available for new sales. ACC guarantees the return of principal, as well as interest once it has been credited, less any penalties that apply, for each of the certificates offered.
Distribution and Marketing Channels
ACC’s certificates are offered solely by AFS and sold pursuant to a distribution agreement which is subject to annual review and approval by ACC’s Board of Directors, including a majority of the directors who are not “interested persons” of AFS or ACC as that term is defined in the 1940 Act. The distribution agreement provides for the payment of distribution fees to AFS for services provided. The distribution agreement with AFS can be terminated by either party on sixty days’ written notice.
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Asset Management
ACC has retained Columbia Management Investment Advisers, LLC (“CMIA”), a wholly owned subsidiary of Ameriprise Financial, to manage ACC’s investment portfolio under an investment management agreement, which is subject to annual review and approval by ACC’s Board of Directors, including a majority of the directors who are not “interested persons” of AFS, CMIA or ACC. This investment management agreement with CMIA can be terminated by either party on sixty days’ written notice.
Regulation
ACC is required to maintain cash and “qualified assets” meeting the standards of Section 28(b) of the 1940 Act, as modified by an exemptive order of the Securities and Exchange Commission (“SEC”). The amortized cost of such investments must be at least equal to ACC’s net liabilities on all outstanding face-amount certificates plus $250,000. ACC’s qualified assets consist of cash equivalents, residential mortgage backed securities, syndicated loans and commercial mortgage loans, U.S. government and government agency securities, municipal bonds, corporate bonds, equity securities, equity index options and other securities meeting specified standards. So long as ACC wishes to rely on the SEC order, as a condition to the order, ACC has agreed to maintain an amount of unappropriated retained earnings and capital equal to at least 5% of certificate reserves (less outstanding certificate loans). To the extent that payment of a dividend would decrease the capital ratio below the required 5%, payment of a dividend would be restricted. In determining compliance with this condition, qualified assets are valued in accordance with the provisions of Minnesota Statutes where such provisions are applicable.
ACC has also entered into a written understanding with the Minnesota Department of Commerce that ACC will maintain capital equal to at least 5% of the assets of ACC (less outstanding certificate loans). To the extent that payment of a dividend would decrease this ratio below the required 5%, payment of a dividend would be restricted. When computing its capital for these purposes, ACC values its assets on the basis of statutory accounting for insurance companies rather than U.S. generally accepted accounting principles (“GAAP”). ACC is subject to examination and supervision by the Minnesota Department of Commerce (Banking Division) and the SEC.
Following conversion of ACC’s affiliate Ameriprise National Trust Bank into a federal savings bank (“Ameriprise Bank”) in May 2019, Ameriprise Financial continues to be subject to ongoing supervision by the Board of Governors for the Federal Reserve System (“FRB”). FRB regulation and supervisory oversight of Ameriprise Financial includes examinations, regular financial reporting, and prudential standards, such as capital, liquidity risk management, and parameters for business conduct and internal governance. In order to maintain Ameriprise Financial’s permission under applicable bank holding company laws and regulations to engage in business activities other than banking or activities closely related to banking, each of Ameriprise Financial and Ameriprise Bank needs to remain “well-capitalized” and “well-managed” under applicable regulations, and Ameriprise Bank must receive at least a “satisfactory” rating in its most recent examination under the Community Reinvestment Act. Failure to meet one or more of these requirements would mean, depending on the requirements not met and any agreement then reached with the FRB, that until cured Ameriprise Financial (and therefore ACC) could not undertake new activities, continue certain activities, or make certain acquisitions. As a subsidiary of Ameriprise Financial, ACC is (absent exclusion or exemption) required to comply with investment limitations on its portfolio and other limitations under applicable banking laws, including what is commonly referred to as the Volcker Rule. Compliance with bank holding company laws and regulation could impact the structure and availability of certain of our products and our costs in providing those products. Costs of compliance may be driven by how these laws and regulations and the scale of Ameriprise Bank evolves over the course of time.
Item 1A. Risk Factors
ACC’s operations and financial results are subject to various risks and uncertainties, including those described below, that could have a material adverse effect on ACC’s business, financial condition or results of operations. We believe that the following information identifies the material factors affecting ACC based on the information we currently know. However, the risks and uncertainties ACC faces are not limited to those described below. Additional risks and uncertainties which are not presently known or which are currently believed to be immaterial may also adversely affect ACC’s business.
Risks Relating to ACC’s Business
ACC’s financial condition and results of operations may be adversely affected by market fluctuations and by economic, political and other factors.
ACC’s financial condition and results of operations may be materially affected by market fluctuations and by economic and other factors. Such factors, which can be global, regional, national or local in nature, include: (i) political, social, economic and market conditions; (ii) the availability and cost of capital; (iii) the level and volatility of equity prices, commodity prices and interest rates, currency values and other market indices; (iv) technological changes and events; (v) U.S. and foreign government fiscal and tax policies; (vi) U.S. and foreign government ability, real or perceived, to avoid defaulting on government securities; (vii) the availability and cost of credit; (viii) inflation; (ix) investor sentiment and confidence in the financial markets; (x) terrorism events and armed conflicts; and (xi) natural disasters such as weather catastrophes and widespread health emergencies. These factors also may have an impact on ACC’s ability to achieve its strategic objectives.
ACC’s financial condition and results of operations are affected by the “spread”, or the difference between the returns ACC earns on the investments that support its product obligations and the amounts that ACC must pay certificate holders.
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ACC’s investment products are sensitive to interest rate fluctuations and ACC’s future costs associated with such variations may differ from its historical costs. During periods of increasing market interest rates, ACC may offer higher crediting rates on existing face-amount certificates to remain competitive with other products in the market. Because returns on invested assets may not increase as quickly as current interest rates, ACC may have to accept a lower spread and thus lower profitability or face a decline in sales and greater loss of existing certificates. In addition, increases in market interest rates may cause increased certificate surrenders as certificate holders seek to shift assets to products with perceived or actual higher returns. This process may lead to an earlier than expected outflow of cash from ACC’s business. Also, increases in market interest rates may result in extension of certain cash flows from structured mortgage assets. Certificate withdrawals and surrenders may also require investment assets to be sold at a time when the prices of those assets are lower because of the increase in market interest rates, which may result in realized investment losses. Increases in crediting rates, as well as surrenders and withdrawals, could have an adverse effect on ACC’s financial condition and results of operations.
During periods of falling interest rates or stagnancy of low interest rates, ACC’s spread may be reduced or could become negative primarily because ACC may adjust the interest rates it credits on most of the products downward only at limited, pre-established intervals. Interest rate fluctuations also could have an adverse effect on the results of ACC’s investment portfolio. During periods of declining market interest rates or stagnancy of low interest rates, the interest ACC receives on variable interest rate investments decreases. In addition, during those periods, ACC is forced to reinvest the cash it receives as interest or return of principal on its investments in lower-yielding high-grade instruments or in lower-credit instruments to maintain comparable returns. Issuers of certain callable fixed income securities also may decide to prepay their obligations in order to borrow at lower market rates which increase the risk that ACC may have to reinvest the cash proceeds of these securities in lower-yielding or lower-credit instruments. Offsetting some of these risks is the fact that a significant portion of certificate balances do not have a minimum guaranteed interest crediting rate.
Downturns and volatility in equity markets may have an adverse effect on the financial condition and results of operations of ACC. Market downturns and volatility may cause, and have caused, potential new purchasers of ACC’s products to refrain from purchasing or to purchase fewer ACC certificate products. Additionally, downturns and volatility in financial markets can have, and have had, an adverse effect on the performance of ACC’s investment portfolio.
For additional information regarding the sensitivity of the fixed income securities in ACC’s investment portfolio to interest rate fluctuations, see Part II, Item 7A of this Form 10-K —“Quantitative and Qualitative Disclosures About Market Risk.”
Changes in the supervision and regulation of the financial industry could materially impact ACC’s results of operations, financial condition and liquidity.
The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) called for sweeping changes in the supervision and regulation of the financial services industry designed to provide for greater oversight of financial industry participants, reduce risk in banking practices and in securities and derivatives trading, enhance public company corporate governance practices and executive compensation disclosures, and provide greater protections to individual consumers and investors.
Accordingly, while certain elements of these reforms could be further changed under the Trump administration (such as through the May 2018 legislation that loosened aspects of the Dodd-Frank Act), the Dodd-Frank Act has impacted and is expected to further impact the manner in which ACC markets its products and services, manages itself and its operations and interacts with regulators, all of which could materially impact ACC’s results of operations, financial condition and liquidity. Moreover, to the extent the Dodd-Frank Act or other new regulation of the financial services industry impacts the operations, financial condition, liquidity and capital requirements of unaffiliated financial institutions with whom ACC transacts business, those institutions may seek to pass on increased costs, reduce their capacity to transact, or otherwise present inefficiencies in their interactions with ACC.
It is uncertain whether the Dodd-Frank Act, the rules and regulations developed thereunder, or any future regulation or legislation designed to stabilize the financial markets, the economy generally, or provide better protections to consumers will have the desired effect. Any new legislation or regulatory changes could require ACC to change certain of ACC’s business practices, impose additional costs on ACC, or otherwise adversely affect ACC’s business operations, regulatory reporting relationships, results of operations or financial condition. Consequences may include substantially higher compliance costs as well as material effects on interest rates and foreign exchange rates, which could materially impact ACC’s investments, results of operations and liquidity in ways that ACC cannot predict.
ACC’s business is regulated and changes in legislation or regulation may reduce ACC’s profitability and limit its growth.
ACC operates in a regulated industry. As a registered investment company, ACC must observe certain governance, disclosure, record-keeping, marketing, privacy, data protection and other operating requirements. Various regulatory and governmental bodies have the authority to review ACC’s products and business practices and to bring regulatory or other legal actions against ACC if, in their view, ACC’s practices are improper. Any enforcement actions, investigations or other proceedings brought against ACC or its directors or employees of its affiliates by its regulators may result in fines, injunctions or other disciplinary actions that could harm ACC’s reputation or impact ACC’s results of operations. In addition, any changes to the laws and regulations applicable to ACC’s business such as possible changes brought about by any Department of Labor applicable regulation as well as state and other fiduciary rules, the SEC best interest standards, or similar standards such as the Certified Financial Planner Board standards pertaining to the fiduciary status of investment advice providers to retirement investors (primarily account holders in 401(k) plans and IRAs and other types of ERISA clients) and related issues. Each of these has a potential impact regarding how ERISA investment advice fiduciaries and others
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can provide products manufactured by affiliates to, or engage in certain principal transactions with, retirement investors, including incremental requirements, costs and risks that may be imposed on ACC as a result of such changes, may affect the operations and financial condition of ACC. In addition, following conversion of Ameriprise Bank into a federal savings bank in May 2019, Ameriprise Financial continued to be subject to ongoing supervision by the FRB. As a subsidiary of Ameriprise Financial, ACC is (absent exclusion or exemption) required to comply with certain limits on its activity, including investment limitations on its portfolio and other limitations under applicable banking laws, including what is commonly referred to as the Volcker Rule. Failure to meet one or more of certain requirements and regulations would mean, depending on the requirements not met and any agreement then reached with the FRB, that until cured Ameriprise Financial (and therefore ACC) could not undertake new activities, continue certain activities, or make certain acquisitions.
Changes in and the adoption of accounting standards or inaccurate estimates or assumptions in applying accounting policies could have a material impact on ACC’s financial statements; changes in the regulation of independent registered public accounting firms are present with increasing frequency in connection with broader market reforms.
ACC’s accounting policies and methods are fundamental to how ACC records and reports ACC’s financial condition and results of operations. Some of these policies require use of estimates and assumptions that may affect the reported value of ACC’s assets or liabilities and results of operations and are critical because they require management to make difficult, subjective, and complex judgments about matters that are inherently uncertain. If those assumptions, estimates or judgments were incorrectly made, ACC could be required to correct and restate prior period financial statements.
ACC prepares its financial statements in accordance with GAAP. The Financial Accounting Standards Board, the SEC and other regulators often change the financial accounting and reporting standards governing the preparation of ACC’s financial statements. In addition, the conduct of ACC’s independent registered public accounting firm is overseen by the Public Company Accounting Oversight Board (“PCAOB”). These and other regulators may make additional inquiries regarding, or change their application of, existing laws and regulations regarding ACC’s independent auditor, financial statements or other financial reports and the possibility of such additional inquiries or changes is increasing in frequency in connection with broader market reforms. These changes are difficult to predict, and could impose additional governance, internal control and disclosure demands. In some cases, ACC could be required to apply a new or revised standard retroactively, resulting in ACC restating prior period financial statements. It is possible that the changes could have a material adverse effect on ACC’s financial condition and results of operations.
Defaults in ACC’s fixed maturity securities portfolio could adversely affect ACC’s earnings.
Issuers of the fixed maturity securities owned by ACC may default on principal and interest payments. As of December 31, 2019, 2% of ACC’s invested assets had ratings below investment grade. Moreover, economic downturns and corporate malfeasance can increase the number of companies, including those with investment grade ratings, which could default on their debt obligations.
The elimination of London Inter-Bank Offered Rate (“LIBOR”) may adversely affect the interest rates on and value of certain derivatives and floating rate securities ACC holds, the activities ACC conducts, and any other assets or liabilities whose value is tied to LIBOR.
The U.K. Financial Conduct Authority (“FCA”), which regulates LIBOR, has announced that it will not compel panel banks to contribute to LIBOR rates after 2021. It is likely that banks will not continue to provide submissions for the calculation of LIBOR after 2021 and possibly prior to then. It is expected that a transition away from the widespread use of LIBOR to alternative rates will occur over the next two years. Actions by regulators have resulted in the establishment of alternative reference rates to LIBOR in most major currencies. The U.S. Federal Reserve, based on the recommendations of the New York Federal Reserve’s Alternative Reference Rate Committee (constituted of major derivative market participants and their regulators), has begun publishing a Secured Overnight Funding Rate (“SOFR”) which is intended to replace U.S. dollar LIBOR, and SOFR-based investment products have been issued in the U.S. Proposals for alternative reference rates for other currencies have also been announced or have already begun publication. Markets are slowly developing in response to these new rates and questions around liquidity in these rates and how to appropriately adjust these rates to eliminate any economic value transfer at the time of transition remain a significant concern for ACC and others in the marketplace. Although the full impact of transition remains unclear, this change may have an adverse impact on the value of, return on and trading markets for a broad array of financial products, including any LIBOR-based securities, loans and derivatives that are included in ACC’s financial assets and liabilities. If LIBOR is discontinued after 2021 as expected, there will be uncertainty or differences in the calculation of the applicable interest rate or payment amount depending on the terms of the governing instruments. There will be work required to transition to the new benchmark rates and implement necessary changes to ACC’s systems, processes and models. This may impact ACC’s existing transaction data, products, systems, operations, and valuation and financial risk management processes. In addition, LIBOR may perform differently during the phase-out period than in the past which could result in lower interest payments and a reduction in the value of certain assets. Accordingly, it is difficult to predict the full impact of the transition away from LIBOR on various derivatives, floating rate securities and other securities ACC holds, the activities ACC conducts in its business, and any other assets or liabilities (as well as contractual rights and obligations) whose value is tied to LIBOR. The value or profitability of these products and instruments, and ACC’s costs of operations, may be adversely affected until new reference rates and fallbacks for both legacy and new products, instruments and contracts are commercially accepted.
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If the counterparties to the derivative instruments ACC uses to hedge certain certificate liabilities default, ACC may be exposed to risks it had sought to mitigate, which could adversely affect ACC’s financial condition and results of operations.
ACC uses derivative instruments to hedge certain certificate liabilities. ACC enters into a variety of derivative instruments with a number of counterparties. If ACC’s counterparties become insolvent or fail to honor their obligations under the contracts governing such instruments, ACC’s hedges of the related risk may be ineffective. That failure could have a material adverse effect on ACC’s financial condition and results of operations. The risk of counterparty default may increase during periods of capital market volatility.
Some of ACC’s investments are relatively illiquid.
ACC invests a portion of its assets in privately placed fixed income securities and mortgage loans, which are relatively illiquid. ACC’s investment manager periodically reviews ACC’s private placement investments using adopted standards to categorize such investments as liquid or illiquid. As of December 31, 2019, mortgage loans and private placement fixed income securities that have been categorized as illiquid represented approximately 2% of the carrying value of ACC’s investment portfolio. If ACC requires significant amounts of cash on short notice in excess of its normal cash requirements, ACC may have difficulty selling these investments in a timely manner or be forced to sell them for an amount less than it would otherwise have been able to realize, or both, which could have an adverse effect on ACC’s financial condition and results of operations.
The determination of the amount of allowances and impairments taken on certain investments is subject to management’s evaluation and judgment and could materially impact ACC’s results of operations or financial position.
The determination of the amount of allowances and impairments vary by investment type and is based upon ACC’s periodic evaluation and assessment of inherent and known risks associated with the respective asset class. Such evaluations and assessments are revised as conditions change and new information becomes available. Management updates its evaluations regularly and reflects changes in allowances and impairments in operations as such evaluations are revised. Historical trends may not be indicative of future impairments or allowances.
The assessment of whether impairments have occurred is based on management’s case-by-case evaluation of the underlying reasons for the decline in fair value that considers a wide range of factors about the security issuer and management uses its best judgment in evaluating the cause of the decline in the estimated fair value of the security and in assessing the prospects for recovery. Inherent in management’s evaluation of the security are assumptions and estimates about the operations of the issuer and its future earnings potential.
If ACC’s reserves for future certificate redemptions and maturities are inadequate, ACC may be required to increase its reserve liabilities, which could adversely affect ACC’s results of operations and financial condition.
Investment certificates may be purchased either with a lump-sum payment or by installment payments. Certificate product owners are entitled to receive, at maturity, a definite sum of money. Payments from certificate owners are credited to investment certificate reserves. Investment certificate reserves accumulate interest at specified percentage rates as declared by ACC. Reserves are also maintained for advance payments made by certificate owners, accrued interest thereon, and for additional credits in excess of minimum guaranteed rates and accrued interest thereon. On certificates allowing for the deduction of a surrender charge, the cash surrender values may be less than accumulated investment certificate reserves prior to maturity dates. Cash surrender values on certificates allowing for no surrender charge are equal to certificate reserves. The payment distribution, reserve accumulation rates, cash surrender values, reserve values and other matters are governed by the 1940 Act.
Certain certificates offer a return based on the relative change in a stock market index. The certificates with an equity-based return contain embedded derivatives, which are carried at fair value within investment certificate reserves on the Consolidated Balance Sheets. The fair values of these embedded derivatives incorporate current market data inputs. Changes in fair value are reflected in provision for certificate reserves within the consolidated statements of operations.
ACC monitors its reserve levels continually. If ACC concluded its reserves were insufficient to cover actual or expected redemptions or maturities, ACC would be required to increase its reserves and incur income statement charges for the period in which it makes the determination. Such a determination could adversely affect ACC’s financial condition and results of operations.
Intense competition could negatively affect ACC’s ability to maintain or increase its market share and profitability.
ACC’s business operates in an intensely competitive industry segment. ACC competes based on a number of factors including name recognition, service, interest rates, product features and perceived financial strength. ACC’s competitors include broker-dealers, banks, asset managers and other financial institutions. ACC’s business faces competitors that have greater market share, offer a broader range of products or have greater financial resources.
ACC’s affiliated distributor may be unable to attract and retain financial advisors.
ACC is dependent on the financial advisors of AFS for all of the sales of its certificate products. A significant number of such financial advisors operate as independent contractors under a franchise agreement with AFS. The market for these financial advisors is extremely competitive, and there can be no assurance that AFS will be successful in its efforts to maintain its current network of financial advisors or to recruit and retain new advisors to its network. If AFS is unable to attract and retain quality financial advisors, fewer advisors would be available to sell ACC’s certificate products and ACC’s financial condition and results of operations could be materially adversely affected.
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Damage to the reputation of ACC or its affiliates could adversely affect the business of ACC.
The ability of ACC to market and sell its products is highly dependent upon external perceptions of ACC’s and its affiliates’ level of service, business practices and financial condition. Damage to the reputation of ACC or its affiliates could cause significant harm to the business and prospects of ACC. Reputational damage may arise from numerous sources including litigation or regulatory actions, failing to deliver minimum standards of service and quality, compliance failures, any perceived or actual weaknesses in ACC’s financial strength or liquidity, technological, cybersecurity, or other security breaches (including attempted or inadvertent breaches) resulting in improper disclosure of client or employee personal information, unethical or improper behavior and the misconduct or error of employees of its affiliates, AFS’s advisors and counterparties. Negative perceptions or publicity regarding these matters could damage ACC’s or its affiliates’ reputation among existing and potential customers, investors, employees of ACC’s affiliates and affiliated advisors. Adverse developments with respect to the financial industry may also, by association, negatively impact ACC’s reputation or result in greater regulatory or legislative scrutiny or litigation against ACC.
ACC’s reputation is also dependent on its continued identification of and mitigation against conflicts of interest, including those relating to the activities of its affiliated entities. For example, conflicts may arise between ACC’s position as a manufacturer of certificate products and the position of an ACC affiliate, AFS, as the distributor of these products. ACC and its affiliated entities have procedures and controls in place that are designed to address conflicts of interest. However, identifying and appropriately dealing with conflicts of interest is complex and ACC’s reputation could be damaged if it fails, or appears to fail, to deal appropriately with conflicts of interest. In addition, the SEC and other federal and state regulators have increased their scrutiny of potential conflicts of interest. It is possible that potential or perceived conflicts could give rise to litigation or enforcement actions. Also, it is possible that the regulatory scrutiny of, and litigation in connection with, conflicts of interest will make ACC’s clients less willing to enter into transactions in which such a conflict may occur, which would adversely affect ACC’s business.
Failure of ACC’s service providers to perform their responsibilities could adversely affect ACC’s business.
ACC’s business operations, including investment management, transfer agent, custody and distribution services, are performed by affiliated service providers, or in some cases their subcontractors, pursuant to formal contracts. The failure of a service provider to fulfill its responsibilities could have an adverse effect on ACC’s financial condition and results of operations that could be material.
Changes in corporate tax laws and regulations and changes in the interpretation of such laws and regulations, as well as adverse determinations regarding the application of such laws and regulations, could adversely affect ACC’s earnings.
ACC is subject to the income tax laws of the U.S., its states and municipalities. These tax laws are complex and may be subject to different interpretations. ACC must make judgments and interpretations about the application of these inherently complex tax laws when determining the provision for income taxes and must also make estimates about when in the future certain items affect taxable income in the various tax jurisdictions. Disputes over interpretations of the tax laws may be settled with the taxing authority upon examination or audit. In addition, changes to the Internal Revenue Code, administrative rulings or court decisions could increase ACC’s provision for income taxes and reduce ACC’s earnings.
Many of the products that ACC or Ameriprise Financial and its affiliates issue or on which these businesses are based receive favorable treatment under current U.S. federal income or estate tax law. Changes in U.S. federal income or estate tax law could reduce or eliminate the tax advantages of certain of Ameriprise Financial’s products and thus make such products or ACC’s products less attractive to clients or cause a change in client demand and activity.
The occurrence of natural or man-made disasters and catastrophes could adversely affect the results of operations and financial condition of ACC.
The occurrence of natural disasters and catastrophes, including earthquakes, hurricanes, floods, tornadoes, fires, blackouts, severe winter weather, explosions, pandemic disease and man-made disasters, including acts of terrorism, insurrections and military actions, could adversely affect the results of operations or financial condition of ACC. Such disasters and catastrophes may impact ACC directly by damaging its facilities, preventing employees of its affiliates from performing their roles or otherwise disturbing its ordinary business operations. These impacts could be particularly severe to the extent they affect ACC’s computer-based data processing, transmission, storage and retrieval systems and destroy or release valuable data. Such disasters and catastrophes may also impact ACC indirectly by changing the condition and behaviors of its customers, business counterparties and regulators, as well as by causing declines or volatility in the economic and financial markets, which could in turn have an adverse effect on ACC’s investment portfolio.
ACC cannot predict the impact that changing climate conditions may have on the frequency and severity of natural disasters or on overall economic stability and sustainability. As such, ACC cannot be sure that its actions to identify and mitigate the risks associated with such disasters and catastrophes will be effective.
ACC’s operational systems and networks have been and will continue to be, subject to evolving cybersecurity or other technological risks, which could result in the disclosure of confidential client information, loss of ACC’s proprietary information, damage to ACC’s reputation, additional costs to ACC, regulatory penalties and other adverse impacts.
The business of ACC and its affiliates is reliant upon internal and third-party technology systems and networks to process, transmit and store information, including sensitive client and proprietary information, and to conduct business activities and transactions with clients, AFS’s advisors, vendors and other third parties. Maintaining the security and integrity of this information and these systems and networks, and appropriately responding to any cybersecurity and privacy incidents (including attempts), is critical to the success
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of ACC’s business operations, including its reputation, the retention of clients, and to the protection of ACC’s proprietary information and ACC’s clients’ personal information. To date, neither ACC nor its affiliates have experienced any material breaches of nor interference with these centrally controlled systems and networks, however, ACC and its affiliates routinely face and address such threats. For example, the cybersecurity and technological threats experienced by ACC and its affiliates have included phishing and spear phishing scams, social engineering attacks, account takeovers, introductions of malware, attempts at electronic break-ins and the submission of fraudulent payment requests. The number of attempted phishing attacks increased substantially in 2019, and ACC does not expect a reduction in the future. Any successful breaches or interference (as well as attempted breaches or interferences) by third parties or by employees of our affiliates (as well as AFS’s independent franchisee advisors) that may occur in the future could have a material adverse impact on ACC’s business, reputation, financial condition or results of operations.
ACC and its affiliates have implemented and maintain security measures designed to protect against breaches of corporate security and other interference with corporate systems and networks resulting from attacks by third parties, including hackers, and from employee error or malfeasance. ACC’s affiliates have implemented policies that require AFS’s independent franchisee advisors who locally control their own technology operations to do the same. ACC and its affiliates also contractually require third-party vendors, who in the provision of services to ACC and its affiliates are provided with access to systems and information pertaining to ACC’s business or its clients, to meet certain physical and information security standards. ACC’s affiliates recommend through policies that AFS’s independent franchisee advisors do the same with their facilities, systems and third-party vendors. The ever-increasing reliance on technology systems and networks and the occurrence and potential adverse impact of attacks on such systems and networks, both generally and in the financial services industry, have enhanced government and regulatory scrutiny of the measures taken by companies to protect against cybersecurity threats. As these threats, and government and regulatory oversight of associated risks, continue to evolve, ACC may be required to expend additional resources to enhance or expand upon the security and response measures ACC and its affiliates (as well as certain parties we do not control) currently maintain.
Despite the measures ACC and its affiliates have taken and may in the future take to address and mitigate cybersecurity, privacy and technology risks, ACC cannot assure that the systems and networks of ACC and its affiliates will not be subject to successful attacks, breaches or interference. Nor can ACC assure that parties its affiliates do not control will comply with ACC’s policies and procedures in this regard. Any such event may result in operational disruptions as well as unauthorized access to or the disclosure or loss of ACC’s proprietary information or ACC’s clients’ personal information, which in turn may result in legal claims, regulatory scrutiny and liability, reputational damage, the incurrence of costs to eliminate or mitigate further exposure, the loss of clients or other damage to ACC’s business. Even if ACC successfully protects its technology infrastructure and the confidentiality of sensitive data and conducts appropriate incident response, ACC may incur significant expenses in connection with the responses to any such attacks as well as the adoption, implementation and maintenance of appropriate security measures. ACC could also suffer harm to its business and reputation if attempted security breaches are publicized regardless of whether or not harm was actually done to any client or client information. ACC cannot be certain that advances in criminal capabilities, discovery of new vulnerabilities, attempts to exploit vulnerabilities in ACC’s systems or third-party systems ACC uses, data thefts, physical system or network break-ins or inappropriate access, or other developments will not compromise or breach the technology or other security measures protecting the networks used in connection with ACC’s products and services.
Protection from system interruptions and operating errors is important to ACC’s business. If ACC experiences a sustained interruption to ACC’s telecommunications or data processing systems, or other failure in operational execution, it could harm ACC’s business.
Operating errors and system or network interruptions could delay and disrupt ACC’s ability to develop, deliver or maintain products and services, or to operate compliance or risk management functions, causing harm to ACC’s business and reputation and resulting in loss of clients or revenue. Interruptions could be caused by operational failures arising from service provider or employee error or malfeasance, interference by third parties, including hackers, ACC’s implementation of new technology, as well as from maintenance of existing technology. ACC’s financial, accounting, data processing or other operating systems and facilities may fail to operate or report data properly, experience connectivity disruptions or otherwise become disabled as a result of events that are wholly or partially beyond ACC’s control, adversely affecting ACC’s ability to process transactions or provide products and services to clients. These interruptions can include fires, floods, earthquakes and other natural disasters, power losses, equipment failures, attacks by third parties, failures of internal or vendor personnel, software, equipment or systems and other events beyond ACC’s control. Further, ACC faces the risk of operational failure (including, without limitation, failure caused by an inaccuracy, untimeliness or other deficiency in data reporting), technical or security failures, termination or capacity constraints of any of the clearing agents, exchanges, clearing houses or other financial intermediaries that ACC uses to facilitate or are component providers to ACC’s securities transactions and other product manufacturing and distribution activities. Any such failure, termination or constraint or flawed response could adversely impact ACC’s ability to effect transactions, service clients, manage exposure to risk, or otherwise achieve desired outcomes.
Risk management policies and procedures may not be fully effective in identifying or mitigating risk exposure in all market environments or against all types of risk, including employee and financial advisor misconduct.
ACC has devoted significant resources to develop risk management policies and procedures and will continue to do so. Nonetheless, ACC’s policies and procedures to identify, monitor and manage risks may not be fully effective in mitigating ACC’s risk exposure in all market environments or against all types of risk. Many of ACC’s methods of managing risk and the associated exposures are based upon observed historical market behavior or statistics based on historical models. During periods of market volatility or due to unforeseen events, the historically derived correlations upon which these methods are based may not be valid. As a
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result, these methods may not accurately predict future exposures, which could be significantly greater than what ACC’s models indicate. Further, some controls are manual and are subject to inherent limitations. This could cause ACC to incur investment losses or cause ACC’s hedging and other risk management strategies to be ineffective. Other risk management methods depend upon the evaluation of information regarding markets, clients, catastrophe occurrence or other matters that are publicly available or otherwise accessible to ACC, which may not always be accurate, complete, up-to-date or properly evaluated.
Moreover, ACC is subject to the risks of errors and misconduct by employees of our affiliates and AFS’s financial advisors, such as fraud, non-compliance with policies, recommending transactions that are not suitable, and improperly using or disclosing confidential information. These risks are difficult to detect in advance and deter, and could harm ACC’s business, results of operations or financial condition. ACC is further subject to the risk of nonperformance or inadequate performance of contractual obligations by third-party vendors of products and services that are used in ACC’s businesses. Management of operational, legal and regulatory risks requires, among other things, policies and procedures to record properly and verify a large number of transactions and events, and these policies and procedures may not be fully effective in mitigating ACC’s risk exposure in all market environments or against all types of risk. Insurance and other traditional risk-shifting tools may be held by or available to ACC in order to manage certain exposures, but they are subject to terms such as deductibles, coinsurance, limits and policy exclusions, as well as risk of counterparty denial of coverage, default or insolvency.
Item 1B. Unresolved Staff Comments
None.
Item 2. Properties
ACC occupies office space in Minneapolis, Minnesota, which is leased or owned by Ameriprise Financial or a subsidiary thereof.
Item 3. Legal Proceedings
For a discussion of any material legal proceedings, see Note 13 to ACC’s Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K, which are incorporated herein by reference.
Item 4. Mine Safety Disclosures
Not applicable.
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PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
All of the Ameriprise Certificate Company (“ACC”) outstanding common stock is owned by Ameriprise Financial. There is no established public trading market for ACC’s common stock.
Frequency and amount of capital transactions with Ameriprise Financial during the past two years were (in millions):
Dividends to Ameriprise Financial | Receipt of Capital from Ameriprise Financial | ||||||
For the year ended December 31, 2019 | |||||||
January 31, 2019 | $ | — | $ | 3.5 | |||
February 28, 2019 | — | 1.0 | |||||
April 15, 2019 (1) | 6.2 | — | |||||
June 17, 2019 (1) | 6.5 | — | |||||
September 9, 2019 | 35.0 | — | |||||
December 24, 2019 | 26.0 | — | |||||
Total | $ | 73.7 | $ | 4.5 | |||
For the year ended December 31, 2018 | |||||||
June 29, 2018 | $ | — | $ | 3.0 | |||
July 31, 2018 | — | 5.0 | |||||
August 31, 2018 | — | 5.0 | |||||
September 27, 2018 | — | 2.0 | |||||
October 30, 2018 | — | 5.0 | |||||
November 19, 2018 | — | 5.0 | |||||
December 21, 2018 | — | 7.5 | |||||
Total | $ | — | $ | 32.5 | |||
(1) See Note 1 to ACC’s Consolidated Financial Statements for more information. |
Restriction on ACC’s present or future ability to pay dividends to Ameriprise Financial:
Appropriated retained earnings resulting from the pre-declaration of additional credits to ACC’s certificate product owners are not available for the payment of dividends by ACC. In addition, ACC will discontinue issuance of certificates subject to the pre-declaration of additional credits and will make no further pre-declaration as to outstanding certificates if at any time the calculation of ACC’s capital and unappropriated retained earnings should be less than 5% of certificate reserves (less outstanding certificate loans).
Item 6. Selected Financial Data
Item omitted pursuant to General Instructions (I)(2)(a) of Form 10-K.
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Item 7. Management’s Narrative Analysis
The following information should be read in conjunction with the accompanying audited consolidated financial statements and related notes included elsewhere in this report. The following discussion may contain forward-looking statements that reflect Ameriprise Certificate Company’s (“ACC’s”) plans, estimates and beliefs. ACC’s actual results could differ materially from those discussed in these forward-looking statements. Factors that could cause or contribute to these differences include, but are not limited to, those discussed below under the heading “Forward-Looking Statements” and elsewhere in this report, particularly in “Item 1A-Risk Factors.” Management’s narrative analysis is presented pursuant to General Instructions I(2)(a) of Form 10-K in lieu of Management’s Discussion and Analysis of Financial Condition and Results of Operations.
Recent Accounting Pronouncements and Significant Accounting Policies
For information regarding recent accounting pronouncements and their expected impact on ACC’s future results of operations or financial condition and significant accounting policies, see Note 1 to ACC’s Consolidated Financial Statements beginning on page F-9 of this Annual Report on Form 10-K.
Results of Operations
ACC’s net income is derived primarily from the after-tax yield on investments and realized investment gains (losses), less investment expenses and interest credited on certificate reserve liabilities. Net income trends occur largely due to changes in returns on ACC’s investment portfolio, from realization of investment gains (losses) and from changes in interest credited to certificate products. ACC follows U.S. generally accepted accounting principles (“GAAP”).
Net income decreased $1.3 million, or 3%, to $43.9 million for the year ended December 31, 2019 compared to $45.2 million for the prior year primarily due to increases in net provision for certificate reserves and investment expenses, partially offset by higher investment income and lower income tax expense.
Investment income increased $46.2 million, or 24%, to $234.9 million for the year ended December 31, 2019 compared to $188.7 million for the prior year reflecting an increase in the average invested asset yield and higher average investment balances.
Investment expenses increased $4.6 million, or 11%, to $47.9 million for the year ended December 31, 2019 compared to $43.3 million for the prior year primarily due to volume-driven increases in investment advisory, distribution and transfer agent fees.
Net provision for certificate reserves increased $44.4 million, or 52%, to $129.0 million for the year ended December 31, 2019 compared to $84.6 million for the prior year primarily due to higher average client crediting rates as well as higher average certificate balances.
The effective tax rate was 24.0% for the year ended December 31, 2019 compared to 25.8% for the year ended December 31, 2018. The lower effective tax rate for the year ended December 31, 2019 compared to the prior year was primarily due to a decrease in current year additions to uncertain tax positions.
Fair Value Measurements
ACC reports certain assets and liabilities at fair value; specifically derivatives, embedded derivatives, and most investments and cash equivalents. Fair value assumes the exchange of assets or liabilities occurs in orderly transactions. Companies are not permitted to use market prices that are the result of a forced liquidation or distressed sale. ACC includes actual market prices or observable inputs in its fair value measurements to the extent available. Non-binding broker quotes are obtained when quotes from third-party pricing services are not available. ACC validates prices obtained from third parties through a variety of means such as: price variance analysis, subsequent sales testing, stale price review, price comparison across pricing vendors and due diligence reviews of vendors. See Note 8 to ACC’s Consolidated Financial Statements for additional information regarding ACC’s fair value measurements.
Forward-Looking Statements
This report contains forward-looking statements that reflect management’s plans, estimates and beliefs. Actual results could differ materially from those described in these forward-looking statements. The words “believe,” “expect,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely,” “forecast,” “on pace,” “project” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors, which could cause actual results, performance or achievements to differ materially from expected results, performance or achievements. These statements are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements include, but are not limited to, those factors, risks and uncertainties described in “Item 1A-Risk Factors” and elsewhere in this Annual Report on Form 10-K. ACC’s future financial condition and results of operations, as well as any forward-looking statements contained in this report, are made only as of the date hereof. ACC undertakes no obligation to update or revise any forward-looking statements.
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Item 7A. Quantitative and Qualitative Disclosures About Market Risk
ACC has three principal components of market risk: interest rate risk, equity price risk, and credit risk. Interest rate risk results from investing in assets that are somewhat longer and reset less frequently than the liabilities they support. ACC manages interest rate risk through the use of a variety of tools that from time to time include derivative instruments, such as interest rate swaps, caps, and floors, which change the interest rate characteristics of client liabilities or investment assets. Due to certain provisions for certificates being impacted by the value of equity indices, from time to time ACC enters into risk management strategies that may include the use of equity derivative instruments, such as equity options, to mitigate ACC’s exposure to volatility in the equity markets.
Ameriprise Financial’s Financial Risk Management Committee (“FRMC”), which is comprised of senior managers, holds regularly scheduled meetings to review models projecting various interest rate scenarios and risk/return measures and their effect on various portfolios managed by Columbia Management Investment Advisers, LLC (“CMIA”), a wholly owned subsidiary of Ameriprise Financial, including that of ACC. ACC’s Board of Directors has delegated the responsibilities of the Investment Committee of ACC to the FRMC. FRMC’s objectives are to structure ACC’s portfolio of investment securities based upon the type and behavior of the certificates in the certificate reserve liabilities, to achieve targeted levels of profitability within defined risk parameters and to meet certificate contractual obligations.
ACC primarily invests in mortgage and asset backed securities and U.S. government and corporate debt securities to provide its certificate owners with a competitive rate of return on their certificates while managing risk. These investments provide ACC with a historically dependable and targeted margin between the interest rate earned on investments and the interest rate credited to certificate owners’ accounts. ACC does not invest in securities to generate short-term trading profits for its own account.
To evaluate interest rate and equity price risk, ACC performs sensitivity testing which measures the impact on pretax income from the sources listed below for a 12 month period following a hypothetical 100 basis point increase in interest rates and a hypothetical 10% decline in equity prices. The interest rate risk test assumes a sudden 100 basis point parallel shift in the yield curve, with rates then staying at those levels for the next 12 months. The equity price risk test assumes a sudden 10% drop in equity prices, with equity prices then staying at those levels for the next 12 months. In estimating the values of stock market certificates, ACC assumes no change in implied market volatility despite the 10% drop in equity prices.
The following tables present ACC’s estimate of the pretax impact of these hypothetical market movements as of December 31, 2019:
Interest Rate Increase 100 Basis Points | Interest Rate Exposure to Pretax Income | |||||||||
Before Hedge Impact | Hedge Impact | Net Impact | ||||||||
(in thousands) | ||||||||||
Certificates | $ | 13,413 | N/A | $ | 13,413 | |||||
N/A Not Applicable. |
Equity Price Decline 10% | Equity Price Exposure to Pretax Income | |||||||||||
Before Hedge Impact | Hedge Impact | Net Impact | ||||||||||
(in thousands) | ||||||||||||
Certificates | $ | 3,294 | $ | (3,076 | ) | $ | 218 |
The above results compare to an estimated positive impact to pretax income of $16.9 million related to a 100 basis point increase in interest rates and an estimated negative impact of $12 thousand related to a 10% equity price decline as of December 31, 2018. The change in the impact from a 100 basis point increase in interest rates compared to the prior year was primarily driven by an overall decline in the size of the balance sheet.
Actual results could differ materially from those illustrated above as they are based on a number of estimates and assumptions. These include assuming that implied market volatility does not change when equity prices fall by 10%, the composition of invested assets and liabilities does not change in the 12 month period following the hypothetical market decline and that the 100 basis point increase in interest rates is a parallel shift in the yield curve. Furthermore, ACC has not tried to anticipate actions management might take to increase revenues or reduce expenses in these scenarios.
The selection of a 100 basis point interest rate increase and a 10% equity price decline should not be construed as a prediction of future market events. Impacts of larger or smaller changes in interest rates or equity prices may not be proportional to those shown for a 100 basis point increase in interest rates or a 10% decline in equity prices.
ACC has interest rate risk from its Flexible Savings and other fixed rate certificates. These products are investment certificates generally ranging in amounts from $1,000 to $2 million with interest crediting rate terms ranging from three to 48 months. ACC guarantees an interest rate to the holders of these products. Payments collected from clients are primarily invested in fixed income securities to fund the client credited rate with the spread between the rate earned from investments and the rate credited to clients recorded as earned income. Client liabilities and investment assets generally differ as it relates to basis, repricing or maturity characteristics. Rates credited to clients generally reset at shorter intervals than the yield on underlying investments. This exposure is
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not currently hedged although ACC monitors its investment strategy and makes modifications based on changing liabilities and the expected interest rate environment. ACC also has interest rate risk from its Step-Up Rate Certificates, which was not material as of December 31, 2019. ACC had $7.1 billion in reserves included in certificate reserves on the Consolidated Balance Sheet as of December 31, 2019 to cover the liabilities associated with these products.
ACC has equity price risk from its Stock Market Certificates. Stock Market Certificates are purchased for amounts generally from $1,000 to $2 million for terms of 52 weeks, 104 weeks or 156 weeks which can be extended to a maximum of 15 years depending on the term. For each term the certificate holder can choose to participate 100% in any percentage increase in the S&P 500® Index up to a maximum return or choose partial participation in any increase in the S&P 500® Index plus a fixed rate of interest guaranteed in advance. If partial participation is selected, the total of equity-linked return and guaranteed rate of interest cannot exceed the maximum return. ACC had $462.9 million in reserves included in certificate reserves on the Consolidated Balance Sheet as of December 31, 2019 to cover the liabilities associated with these products.
The equity-linked return to investors creates equity price risk exposure. ACC seeks to minimize this exposure with purchased futures and call spreads that replicate what ACC must credit to client accounts. This risk continues to be fully hedged.
Stock Market Certificates have interest rate risk as changes in interest rates affect the fair value of the payout to be made to the certificate holder. This risk is immaterial and not currently hedged.
Credit Risk
ACC is exposed to credit risk within its investment portfolio, including its loan portfolio, and through derivative counterparties. Credit risk relates to the uncertainty of an obligor’s continued ability to make timely payments in accordance with the contractual terms of the instrument or contract. ACC considers its total potential credit exposure to each counterparty and its affiliates to ensure compliance with pre-established credit guidelines at the time it enters into a transaction which would potentially increase ACC’s credit risk. These guidelines and oversight of credit risk are managed through ACC’s comprehensive enterprise risk management program that includes members of senior management.
ACC manages the risk of credit-related losses in the event of nonperformance by counterparties by applying disciplined fundamental credit analysis and underwriting standards, prudently limiting exposures to lower-quality, higher-yielding investments, and diversifying exposures by issuer, industry, region and underlying investment type. ACC remains exposed to occasional adverse cyclical economic downturns during which default rates may be significantly higher than the long-term historical average used in pricing.
ACC manages its credit risk related to over-the-counter derivatives by entering into transactions with creditworthy counterparties, maintaining collateral arrangements and through the use of master netting arrangements that provide for a single net payment to be made by one counterparty to another at each due date and upon termination. Generally, ACC’s current credit exposure on over-the-counter derivative contracts is limited to a derivative counterparty’s net positive fair value of derivative contracts after taking into consideration the existence of netting arrangements and any collateral received. This exposure is monitored and managed to an acceptable threshold level.
Item 8. Financial Statements and Supplementary Data
See Index to Consolidated Financial Statements and Schedules on page F-1 hereof.
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
Disclosure Controls and Procedures
ACC maintains disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) designed to provide reasonable assurance that the information required to be reported in the Exchange Act filings is recorded, processed, summarized and reported within the time periods specified in and pursuant to SEC regulations, including controls and procedures designed to ensure that this information is accumulated and communicated to ACC’s management, including its Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding the required disclosure. It should be noted that, because of inherent limitations, ACC’s disclosure controls and procedures, however well designed and operated, can provide only reasonable, and not absolute, assurance that the objectives of the disclosure controls and procedures are met.
ACC’s management, under the supervision and with the participation of its Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of ACC’s disclosure controls and procedures as of the end of the period covered by this report. Based upon that evaluation, ACC’s Chief Executive Officer and Chief Financial Officer have concluded that ACC’s disclosure controls and procedures were effective at a reasonable level of assurance as of December 31, 2019.
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Changes in Internal Control over Financial Reporting
There have not been any changes in ACC’s internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fourth fiscal quarter of the year to which this report relates that have materially affected, or are reasonably likely to materially affect, ACC’s internal control over financial reporting.
Item 9B. Other Information
None.
PART III
Item 10. Directors, Executive Officers and Corporate Governance
Item omitted pursuant to General Instructions (I)(2)(c) of Form 10-K.
Item 11. Executive Compensation
Item omitted pursuant to General Instructions (I)(2)(c) of Form 10-K.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item omitted pursuant to General Instructions (I)(2)(c) of Form 10-K.
Item 13. Certain Relationships and Related Transactions, and Director Independence
Item omitted pursuant to General Instructions (I)(2)(c) of Form 10-K.
Item 14. Principal Accountant Fees and Services
The Board of Directors of ACC, at the recommendation of its Audit Committee, has appointed PricewaterhouseCoopers LLP (“PwC”) as independent registered public accountants to audit the Consolidated Financial Statements of ACC for the years ended December 31, 2019, 2018 and 2017.
Audit Fees
The aggregate fees billed or to be billed by PwC for each of the last two years for professional services rendered for the audit of ACC’s annual Consolidated Financial Statements and services that were provided in connection with statutory and regulatory filings were $125,000 and $149,000 for 2019 and 2018, respectively.
Audit-Related Fees, Tax Fees, All Other Fees
ACC was not billed by PwC for any fees for audit-related services, tax fees or any other fees for 2019 or 2018.
Policy on Pre-Approval of Services Provided by Independent Registered Public Accountants
Pursuant to the requirements of the Sarbanes-Oxley Act of 2002, the terms of the engagement of PwC are subject to the specific pre-approval of the Audit Committee of Ameriprise Financial. All audit and permitted non-audit services to be performed by PwC for ACC require pre-approval by the Audit Committee of Ameriprise Financial in accordance with pre-approval procedures established by the Audit Committee of Ameriprise Financial. The procedures require all proposed engagements of PwC for services to ACC of any kind to be directed to the General Auditor of Ameriprise Financial and then submitted for approval to the Audit Committee of Ameriprise Financial prior to the beginning of any services.
In addition, the charter of ACC’s Audit Committee requires pre-approval of any engagement, including the fees and other compensation, of PwC (1) to provide any services to ACC and prohibits the performance of certain specified non-audit services, and (2) to provide any non-audit services to Ameriprise Financial or any affiliate of Ameriprise Financial that controls, is controlled by, or under common control with Ameriprise Financial if the engagement relates directly to the operations and financial reporting of ACC. Certain exceptions apply to the pre-approval requirement.
In both 2019 and 2018, 100% of the services provided by PwC for ACC were pre-approved by the Audit Committee of Ameriprise Financial.
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PART IV
Item 15. Exhibits and Financial Statement Schedules
(a) 1. | Financial Statements: See Index to Consolidated Financial Statements and Schedules on page F-1 hereof. | |
2. | Consolidated Financial Statement Schedules: See Index to Consolidated Financial Statements and Schedules on page F-1 hereof. | |
3. | Exhibits: The following exhibits are filed as part of this Annual Report: |
Exhibit | Description | |
Amended and Restated Certificate of Incorporation of American Express Certificate Company, dated August 1, 2005, filed electronically on or about March 10, 2006 as Exhibit 3(a) to Registrant’s Form 10-K is incorporated by reference. | ||
By-Laws of Ameriprise Certificate Company, filed electronically on or about November 5, 2010 as Exhibit 3(b) to Registrant’s Form 10-Q, are incorporated herein by reference. | ||
Amended and Restated Investment Advisory and Services Agreement, dated December 1, 2018, between Registrant and Columbia Management Investment Advisers, LLC filed electronically on or about February 27, 2019 as Exhibit 10(a) to Registrant’s Form 10-K is incorporated by reference. | ||
Distribution Agreement, dated December 31, 2006, between Registrant and Ameriprise Financial Services, LLC (formerly Ameriprise Financial Services, Inc.) filed electronically on or about February 26, 2007 as Exhibit 1 to Post-Effective Amendment No. 35 to Registration Statement No. 2-95577 for Ameriprise Flexible Savings Certificate is incorporated herein by reference. | ||
Amendment to the Distribution Agreement, dated January 25, 2018, between Registrant and Ameriprise Financial Services, LLC (formerly Ameriprise Financial Services, Inc.) filed electronically on or about February 23, 2018 as Exhibit 10(c) to Registrant’s Form 10-K is incorporated by reference. | ||
Depository and Custodial Agreement, dated December 31, 2006, between Registrant and Ameriprise Trust Company, filed electronically on or about February 26, 2007 as Exhibit 10(c) to Post-Effective Amendment No. 35 to Registration Statement No. 2-95577 for Ameriprise Flexible Savings Certificate is incorporated herein by reference. | ||
Amendment to the Depositary and Custodial Agreement, dated December 15, 2008, between Registrant and Ameriprise Trust Company, filed on or about May 5, 2014 as exhibit 10(c)i to Registrant’s Form 10-Q, is incorporated herein by reference. | ||
Transfer Agent Agreement, dated December 31, 2006 between Registrant and Columbia Management Investment Services Corp. (formerly RiverSource Client Service Corporation), filed electronically on or about February 26, 2007 as Exhibit 10(e) to Post-Effective Amendment No. 35 to Registration Statement No. 2-95577 for Ameriprise Flexible Savings Certificate is incorporated herein by reference. | ||
First Amendment to Transfer Agent Agreement, dated January 1, 2013 between Registrant and Columbia Management Investment Services Corp. (formerly RiverSource Client Service Corporation), filed electronically on or about February 27, 2013 as Exhibit 10(d) to Registrant’s Form 10-K is incorporated herein by reference. | ||
Second Amendment to Transfer Agent Agreement, dated January 1, 2017, between Registrant and Columbia Management Investment Services Corp. (formerly RiverSource Client Service Corporation), filed electronically on or about February 23, 2017 as Exhibit 10(d) to Registrant’s Form 10-K is incorporated by reference. | ||
Administration and Services Agreement, dated October 1, 2005, between Columbia Management Investment Advisers, LLC (formerly RiverSource Investments, LLC) and Ameriprise Financial, Inc. filed electronically on or about March 10, 2006 as Exhibit 10(s) to Registrant’s Form 10-K is incorporated by reference. | ||
Capital Support Agreement by and between Ameriprise Financial, Inc. and Ameriprise Certificate Company, dated as of March 2, 2009, filed electronically on or about March 3, 2009 as Exhibit 10(f) to Registrant’s Form 10-K is incorporated by reference. | ||
First Amendment to Capital Support Agreement by and between Ameriprise Financial, Inc. and Ameriprise Certificate Company, effective April 30, 2014, filed electronically on or about May 5, 2014 as Exhibit 10(f)i to Registrant’s Form 10-Q, is incorporated herein by reference. | ||
Federal Income Tax Sharing Agreement between or among Ameriprise Financial, Inc. and certain subsidiaries, including the Registrant, effective December 10, 2013 filed electronically on or about February 23, 2018 as Exhibit 10(l) to Registrant’s Form 10-K is incorporated by reference. |
17
Exhibit | Description | |
State Income Tax Sharing Agreement between or among Ameriprise Financial, Inc. and certain subsidiaries, including the Registrant, effective December 10, 2013 filed electronically on or about February 23, 2018 as Exhibit 10(m) to Registrant’s Form 10-K is incorporated by reference. | ||
Agreement between Ameriprise Bank, FSB and Ameriprise Certificate Company (certain Ameriprise Rewards Fulfillment Services), dated December 1, 2019. | ||
Agreement between Ameriprise Financial, Inc. and Ameriprise Certificate Company (certain legacy Ameriprise Rewards Fulfillment Services), dated December 1, 2019. | ||
Code of Ethics under Rule 17j-1 for Ameriprise Certificate Company effective May 21, 2014 filed electronically on or about February 27, 2019 as Exhibit 14(a) to Registrant’s Form 10-K is incorporated by reference. | ||
Code of Ethics adopted under Rule 17j-1 for Registrant’s investment adviser, dated December 2019. | ||
Code of Ethics under Rule 17j-1 for Registrant’s underwriter, as revised October 1, 2019. | ||
24* | Directors’ Power of Attorney, dated September 4, 2019. | |
31.1* | Certification of Abu M. Arif pursuant to Rule 13a-14(a) promulgated under the Securities Exchange Act of 1934, as amended. | |
31.2* | Certification of Jason S. Bartylla pursuant to Rule 13a-14(a) promulgated under the Securities Exchange Act of 1934, as amended. | |
32* | Certification of Abu M. Arif and Jason S. Bartylla pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. | |
* Filed electronically herewithin. |
Item 16. Form 10-K Summary
None
18
Signatures
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
AMERIPRISE CERTIFICATE COMPANY
Registrant
Date: | February 26, 2020 | By | /s/ Abu M. Arif |
Abu M. Arif Director, President and Chief Executive Officer (Principal Executive Officer) |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacity and on the dates indicated.
Date: | February 26, 2020 | By | /s/ Abu M. Arif |
Abu M. Arif Director, President and Chief Executive Officer (Principal Executive Officer) |
Date: | February 26, 2020 | By | /s/ Jason S. Bartylla |
Jason S. Bartylla Vice President and Chief Financial Officer (Principal Financial Officer) |
Date: | February 26, 2020 | By | /s/ Jeffrey J. Scherman |
Jeffrey J. Scherman Vice President, Controller and Chief Accounting Officer (Principal Accounting Officer) |
Date: | February 26, 2020 | By | /s/ Jean B. Keffeler* |
Jean B. Keffeler Director |
Date: | February 26, 2020 | By | /s/ Karen M. Bohn* |
Karen M. Bohn Director |
Date: | February 26, 2020 | By | /s/ Lorna P. Gleason* |
Lorna P. Gleason Director |
Date: | February 26, 2020 | By | /s/ Robert McReavy* |
Robert McReavy Director |
*By | /s/ Abu M. Arif | ||
Abu M. Arif** |
**Executed by Abu M. Arif pursuant to a Power of Attorney, dated September 4, 2019, filed electronically herewith as Exhibit 24 to Registrant’s Form 10-K.
19
Ameriprise Certificate Company
Index to Consolidated Financial Statements and Schedules
Consolidated Financial Statements:
Page | |||
Part I. Financial Information | |||
Report of Independent Registered Public Accounting Firm | |||
Consolidated Statements of Operations — Years Ended December 31, 2019, 2018 and 2017 | |||
Consolidated Statements of Comprehensive Income — Years Ended December 31, 2019, 2018 and 2017 | |||
Consolidated Balance Sheets — December 31, 2019 and 2018 | |||
Consolidated Statements of Shareholder’s Equity — Years Ended December 31, 2019, 2018 and 2017 | |||
Consolidated Statements of Cash Flows — Years Ended December 31, 2019, 2018 and 2017 | |||
Notes to Consolidated Financial Statements | |||
1. Basis of Presentation, Summary of Significant Accounting Policies and Recent Accounting Pronouncements | |||
2. Deposit of Assets and Maintenance of Qualified Assets | |||
3. Investments | |||
4. Commercial Mortgage, Syndicated and Certificate Loans | |||
5. Certificate Reserves | |||
6. Regulation and Dividend Restrictions | |||
7. Related Party Transactions | |||
8. Fair Values of Assets and Liabilities | |||
9. Offsetting Assets and Liabilities | |||
10. Derivatives and Hedging Activities | |||
11. Shareholder’s Equity | |||
12. Income Taxes | |||
13. Contingencies | |||
Part II. Consolidated Financial Schedules | |||
I. Investments in Securities of Unaffiliated Issuers — December 31, 2019 and 2018 | F-32 | ||
III. Mortgage Loans on Real Estate and Interest Earned on Mortgages — Years Ended December 31, 2019, 2018 and 2017 | F-102 | ||
V. Qualified Assets on Deposit — December 31, 2019 and 2018 | F-109 | ||
VI. Certificate Reserves — Years Ended December 31, 2019, 2018 and 2017 | F-110 | ||
VII. Valuation and Qualifying Accounts — Years Ended December 31, 2019, 2018 and 2017 | F-128 |
All other Schedules required by Article 6 of Regulation S-X are not required under the related instructions or are inapplicable and therefore have been omitted.
F-1
Report of Independent Registered Public Accounting Firm
To the Board of Directors and Shareholder of Ameriprise Certificate Company
Opinion on the Financial Statements
We have audited the consolidated financial statements, including the related notes, as listed in the index appearing under Item 15(a)(1), and the financial statement schedules listed in the index appearing under Item 15(a)(2), of Ameriprise Certificate Company and its subsidiary (the “Company”) (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2019 and 2018, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2019 in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these consolidated financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. Our procedures included confirmation of securities owned as of December 31, 2019 by correspondence with the custodian. We believe that our audits provide a reasonable basis for our opinion.
/s/ PricewaterhouseCoopers LLP
Minneapolis, Minnesota
February 26, 2020
We have served as the Company’s auditor since 2010.
F-2
Ameriprise Certificate Company
Consolidated Statements of Operations
Years Ended December 31, | |||||||||||
2019 | 2018 | 2017 | |||||||||
(in thousands) | |||||||||||
Investment Income: | |||||||||||
Interest income: | |||||||||||
Available-for-Sale securities | $ | 212,395 | $ | 171,558 | $ | 134,340 | |||||
Commercial mortgage loans and syndicated loans | 11,804 | 9,725 | 7,465 | ||||||||
Cash and cash equivalents | 10,593 | 6,872 | 2,701 | ||||||||
Certificate loans | 12 | 16 | 27 | ||||||||
Dividends | 1 | 31 | 229 | ||||||||
Other | 97 | 538 | 358 | ||||||||
Total investment income | 234,902 | 188,740 | 145,120 | ||||||||
Investment Expenses: | |||||||||||
Ameriprise Financial and affiliated company fees: | |||||||||||
Distribution | 20,381 | 19,128 | 15,734 | ||||||||
Investment advisory and services | 17,933 | 15,683 | 14,222 | ||||||||
Transfer agent | 8,996 | 7,831 | 6,958 | ||||||||
Depository | 100 | 89 | 83 | ||||||||
Other | 440 | 555 | 518 | ||||||||
Total investment expenses | 47,850 | 43,286 | 37,515 | ||||||||
Net investment income before provision for certificate reserves and income taxes | 187,052 | 145,454 | 107,605 | ||||||||
Provision for Certificate Reserves: | |||||||||||
According to the terms of the certificates: | |||||||||||
Provision for certificate reserves | 574 | 437 | 380 | ||||||||
Interest on additional credits | 1 | 2 | 4 | ||||||||
Additional credits/interest authorized by ACC | 129,356 | 85,085 | 45,953 | ||||||||
Total provision for certificate reserves before reserve recoveries | 129,931 | 85,524 | 46,337 | ||||||||
Reserve recoveries from terminations prior to maturity | (924 | ) | (932 | ) | (880 | ) | |||||
Net provision for certificate reserves | 129,007 | 84,592 | 45,457 | ||||||||
Net investment income before income taxes | 58,045 | 60,862 | 62,148 | ||||||||
Income tax expense | 13,908 | 15,736 | 25,973 | ||||||||
Net investment income, after-tax | 44,137 | 45,126 | 36,175 | ||||||||
Net realized gain (loss) on investments: | |||||||||||
Securities of unaffiliated issuers before income taxes | (279 | ) | 134 | 12,048 | |||||||
Income tax expense (benefit) | (59 | ) | 28 | 4,217 | |||||||
Net realized gain (loss) on investments, after-tax | (220 | ) | 106 | 7,831 | |||||||
Net income | $ | 43,917 | $ | 45,232 | $ | 44,006 | |||||
Supplemental Disclosures: | |||||||||||
Total other-than-temporary impairment losses on securities | $ | — | $ | — | $ | — | |||||
Portion of loss recognized in other comprehensive income (loss) (before taxes) | — | — | (193 | ) | |||||||
Net impairment losses recognized in net realized gain (loss) on investments | $ | — | $ | — | $ | (193 | ) | ||||
See Notes to Consolidated Financial Statements. |
F-3
Ameriprise Certificate Company
Consolidated Statements of Comprehensive Income
Years Ended December 31, | |||||||||||
2019 | 2018 | 2017 | |||||||||
(in thousands) | |||||||||||
Net income | $ | 43,917 | $ | 45,232 | $ | 44,006 | |||||
Other comprehensive income (loss), net of tax: | |||||||||||
Net unrealized gains (losses) on securities: | |||||||||||
Net unrealized gains (losses) on securities arising during the period | 46,247 | (28,326 | ) | 7,352 | |||||||
Reclassification of net (gains) losses on securities included in net income | (153 | ) | 120 | (7,814 | ) | ||||||
Total other comprehensive income (loss), net of tax | 46,094 | (28,206 | ) | (462 | ) | ||||||
Total comprehensive income (loss) | $ | 90,011 | $ | 17,026 | $ | 43,544 | |||||
See Notes to Consolidated Financial Statements. |
F-4
Ameriprise Certificate Company
Consolidated Balance Sheets
December 31, | |||||||
2019 | 2018 | ||||||
(in thousands, except share data) | |||||||
ASSETS | |||||||
Qualified Assets | |||||||
Investments in unaffiliated issuers: | |||||||
Cash and cash equivalents | $ | 384,194 | $ | 405,279 | |||
Available-for-Sale securities: | |||||||
Fixed maturities, at fair value (amortized cost: 2019, $7,362,814; 2018, $7,781,708) | 7,376,772 | 7,734,750 | |||||
Commercial mortgage loans and syndicated loans, at cost (less allowance for loan losses: 2019, $3,022; 2018, $3,120; fair value: 2019, $272,454; 2018, $253,219) | 269,859 | 260,178 | |||||
Equity securities, at fair value (cost: 2019, $299; 2018, $299) | 188 | 466 | |||||
Certificate loans – secured by certificate reserves, at cost, which approximates fair value | 216 | 243 | |||||
Total investments | 8,031,229 | 8,400,916 | |||||
Receivables: | |||||||
Dividends and interest | 14,141 | 18,319 | |||||
Receivables from brokers, dealers and clearing organizations | 9,655 | 7,554 | |||||
Other receivables | 218 | 182 | |||||
Total receivables | 24,014 | 26,055 | |||||
Derivative assets | 56,044 | 13,179 | |||||
Total qualified assets | 8,111,287 | 8,440,150 | |||||
Other Assets: | |||||||
Deferred taxes, net | 988 | 2,302 | |||||
Taxes receivable from parent | 602 | 1,731 | |||||
Due from related party | 30 | 27 | |||||
Total other assets | 1,620 | 4,060 | |||||
Total assets | $ | 8,112,907 | $ | 8,444,210 |
See Notes to Consolidated Financial Statements.
F-5
Ameriprise Certificate Company
Consolidated Balance Sheets (continued) | |||||||
December 31, | |||||||
2019 | 2018 | ||||||
(in thousands, except share data) | |||||||
LIABILITIES AND SHAREHOLDER’S EQUITY | |||||||
Liabilities | |||||||
Certificate reserves | |||||||
Installment certificates: | |||||||
Reserves to mature | $ | 5,371 | $ | 8,814 | |||
Fully paid certificates: | |||||||
Reserves to mature | 7,503,188 | 7,877,406 | |||||
Additional credits and accrued interest | 13,325 | 5,510 | |||||
Due to unlocated certificate holders | 439 | 234 | |||||
Total certificate reserves | 7,522,323 | 7,891,964 | |||||
Accounts payable and accrued liabilities: | |||||||
Due to related party | 3,564 | 3,627 | |||||
Taxes payable to parent | 135 | 1,944 | |||||
Payables to brokers, dealers and clearing organizations | 52,575 | 98,930 | |||||
Total accounts payable and accrued liabilities | 56,274 | 104,501 | |||||
Derivative liabilities | 43,598 | 8,209 | |||||
Other liabilities | 48,446 | 30,674 | |||||
Total liabilities | 7,670,641 | 8,035,348 | |||||
Shareholder’s Equity | |||||||
Common shares ($10 par value, 150,000 shares authorized and issued) | 1,500 | 1,500 | |||||
Additional paid-in capital | 331,700 | 285,017 | |||||
Retained earnings: | |||||||
Appropriated for pre-declared additional credits and interest | 321 | 910 | |||||
Appropriated for additional interest on advance payments | 15 | 15 | |||||
Unappropriated | 96,467 | 155,251 | |||||
Accumulated other comprehensive income (loss), net of tax | 12,263 | (33,831 | ) | ||||
Total shareholder’s equity | 442,266 | 408,862 | |||||
Total liabilities and shareholder’s equity | $ | 8,112,907 | $ | 8,444,210 | |||
See Notes to Consolidated Financial Statements. |
F-6
Ameriprise Certificate Company
Consolidated Statements of Shareholder’s Equity
Number of Outstanding Shares | Common Shares | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss), Net of Tax | Total | |||||||||||||||||||||||||
Appropriated for Pre-Declared Additional Credits and Interest | Appropriated for Additional Interest on Advance Payments | Unappropriated | ||||||||||||||||||||||||||||
(in thousands, except share data) | ||||||||||||||||||||||||||||||
Balance at January 1, 2017 | 150,000 | $ | 1,500 | $ | 247,517 | $ | — | $ | 15 | $ | 81,925 | $ | (5,165 | ) | $ | 325,792 | ||||||||||||||
Comprehensive income (loss): | ||||||||||||||||||||||||||||||
Net income | — | — | — | — | — | 44,006 | — | 44,006 | ||||||||||||||||||||||
Other comprehensive income (loss), net of tax | — | — | — | — | — | — | (462 | ) | (462 | ) | ||||||||||||||||||||
Total comprehensive income (loss) | 43,544 | |||||||||||||||||||||||||||||
Transfer to appropriated from unappropriated | — | — | — | 23 | — | (23 | ) | — | — | |||||||||||||||||||||
Dividend to parent | — | — | — | — | — | (15,000 | ) | — | (15,000 | ) | ||||||||||||||||||||
Receipt of capital from parent | — | — | 5,000 | — | — | — | — | 5,000 | ||||||||||||||||||||||
Balance at December 31, 2017 | 150,000 | 1,500 | 252,517 | 23 | 15 | 110,908 | (5,627 | ) | 359,336 | |||||||||||||||||||||
Cumulative effect of adoption of equity securities guidance | — | — | — | — | — | (2 | ) | 2 | — | |||||||||||||||||||||
Comprehensive income (loss): | ||||||||||||||||||||||||||||||
Net income | — | — | — | — | — | 45,232 | — | 45,232 | ||||||||||||||||||||||
Other comprehensive income (loss), net of tax | — | — | — | — | — | — | (28,206 | ) | (28,206 | ) | ||||||||||||||||||||
Total comprehensive income (loss) | 17,026 | |||||||||||||||||||||||||||||
Transfer to appropriated from unappropriated | — | — | — | 887 | — | (887 | ) | — | — | |||||||||||||||||||||
Receipt of capital from parent | — | — | 32,500 | — | — | — | — | �� | 32,500 | |||||||||||||||||||||
Balance at December 31, 2018 | 150,000 | 1,500 | 285,017 | 910 | 15 | 155,251 | (33,831 | ) | 408,862 | |||||||||||||||||||||
Correction of the misclassification (1) | — | — | 42,183 | — | — | (29,482 | ) | — | 12,701 | |||||||||||||||||||||
Cumulative effect of adoption of premium amortization on purchased callable debt securities guidance | — | — | — | — | — | (107 | ) | — | (107 | ) | ||||||||||||||||||||
Comprehensive income (loss): | ||||||||||||||||||||||||||||||
Net income | — | — | — | — | — | 43,917 | — | 43,917 | ||||||||||||||||||||||
Other comprehensive income (loss), net of tax | — | — | — | — | — | — | 46,094 | 46,094 | ||||||||||||||||||||||
Total comprehensive income (loss) | 90,011 | |||||||||||||||||||||||||||||
Transfer to unappropriated from appropriated | — | — | — | (589 | ) | — | 589 | — | — | |||||||||||||||||||||
Dividend to parent | — | — | — | — | — | (73,701 | ) | — | (73,701 | ) | ||||||||||||||||||||
Receipt of capital from parent | — | — | 4,500 | — | — | — | — | 4,500 | ||||||||||||||||||||||
Balance at December 31, 2019 | 150,000 | $ | 1,500 | $ | 331,700 | $ | 321 | $ | 15 | $ | 96,467 | $ | 12,263 | $ | 442,266 | |||||||||||||||
(1) See Note 1 for more information. | ||||||||||||||||||||||||||||||
See Notes to Consolidated Financial Statements. |
F-7
Ameriprise Certificate Company
Consolidated Statements of Cash Flows
Years Ended December 31, | |||||||||||
2019 | 2018 | 2017 | |||||||||
(in thousands) | |||||||||||
Cash Flows from Operating Activities | |||||||||||
Net income | $ | 43,917 | $ | 45,232 | $ | 44,006 | |||||
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||||||||||
Amortization of premiums, accretion of discounts, net | (32,856 | ) | (13,686 | ) | 20,853 | ||||||
Deferred income tax expense (benefit) | (2,716 | ) | 111 | (192 | ) | ||||||
Net realized (gain) loss on Available-for-Sale securities | (194 | ) | 152 | (12,214 | ) | ||||||
Other net realized (gain) loss | 473 | (286 | ) | (27 | ) | ||||||
Other-than-temporary impairments and provision for loan loss | — | — | 193 | ||||||||
Changes in operating assets and liabilities: | |||||||||||
Dividends and interest receivable | 45,114 | (1,242 | ) | 1,286 | |||||||
Certificate reserves, net | 8,744 | (2,125 | ) | 2,653 | |||||||
Deferred taxes, net | — | 7,499 | 871 | ||||||||
Taxes payable to/receivable from parent, net | 1,264 | (1,315 | ) | (1,977 | ) | ||||||
Derivatives, net of collateral | 434 | 290 | (1,080 | ) | |||||||
Other liabilities | 9,862 | (7,323 | ) | 8,601 | |||||||
Other receivables | (36 | ) | (182 | ) | 371 | ||||||
Payables to brokers, dealers and clearing organizations | (21,451 | ) | 21,451 | — | |||||||
Other, net | (132 | ) | 890 | 374 | |||||||
Net cash provided by (used in) operating activities | 52,423 | 49,466 | 63,718 | ||||||||
Cash Flows from Investing Activities | |||||||||||
Available-for-Sale securities: | |||||||||||
Sales | 9,689 | 367,956 | 184,043 | ||||||||
Maturities, redemptions and calls | 5,305,739 | 3,790,466 | 2,163,138 | ||||||||
Purchases | (4,929,747 | ) | (5,341,602 | ) | (2,902,425 | ) | |||||
Commercial mortgage loans and syndicated loans: | |||||||||||
Sales, maturities and repayments | 52,826 | 50,281 | 41,106 | ||||||||
Purchases and fundings | (64,456 | ) | (106,828 | ) | (68,034 | ) | |||||
Equity securities: | |||||||||||
Sales | — | 614 | — | ||||||||
Certificate loans, net | 27 | 190 | 116 | ||||||||
Net cash provided by (used in) investing activities | 374,078 | (1,238,923 | ) | (582,056 | ) | ||||||
Cash Flows from Financing Activities | |||||||||||
Payments from certificate holders and other additions | 5,110,412 | 6,238,282 | 4,724,758 | ||||||||
Certificate maturities and cash surrenders | (5,488,797 | ) | (4,744,517 | ) | (4,262,138 | ) | |||||
Capital contribution from parent | 4,500 | 32,500 | 5,000 | ||||||||
Dividend to parent | (73,701 | ) | — | (15,000 | ) | ||||||
Net cash provided by (used in) financing activities | (447,586 | ) | 1,526,265 | 452,620 | |||||||
Net increase (decrease) in cash and cash equivalents | (21,085 | ) | 336,808 | (65,718 | ) | ||||||
Cash and cash equivalents at beginning of period | 405,279 | 68,471 | 134,189 | ||||||||
Cash and cash equivalents at end of period | $ | 384,194 | $ | 405,279 | $ | 68,471 | |||||
Supplemental disclosures including non-cash transactions: | |||||||||||
Cash paid (received) for income taxes | $ | 15,133 | $ | 21,001 | $ | 21,995 | |||||
Cash paid for interest | 131,930 | 84,003 | 47,850 | ||||||||
See Notes to Consolidated Financial Statements. |
F-8
Ameriprise Certificate Company
Notes to Consolidated Financial Statements
1. Basis of Presentation, Summary of Significant Accounting Policies and Recent Accounting Pronouncements
Nature of Business
Ameriprise Certificate Company (“ACC”) is a wholly owned subsidiary of Ameriprise Financial, Inc. (“Ameriprise Financial” or the “Parent”). ACC is registered as an investment company under the Investment Company Act of 1940 (the “1940 Act”) and is in the business of issuing face-amount investment certificates. Face-amount certificates issued by ACC entitle the certificate owner to receive at maturity a stated amount of money and interest or credits declared from time to time by ACC, at its discretion. The certificates issued by ACC are not insured by any government agency or other entity. ACC’s certificates are distributed and sold solely by Ameriprise Financial Services, LLC (“AFS”) (previously known as Ameriprise Financial Services, Inc. until January 2020), an affiliate of ACC. AFS is registered as a broker-dealer in all 50 states, the District of Columbia and Puerto Rico.
As of December 31, 2019, ACC offered five different certificate products to the public. ACC is impacted by significant changes in interest rates as interest crediting rates on certificate products generally reset at shorter intervals than the change in the yield on ACC’s investment portfolio. The specified maturities of most of ACC’s certificate products range from ten to twenty years. Within that maturity period, most certificates have interest crediting rate terms ranging from three to 48 months. Interest crediting rates are subject to change and certificate product owners can surrender their certificates without penalty at term’s end. In addition, two types of certificate products (only one currently sold) have interest tied, in whole or in part, to a broad-based stock market index. In general, ACC’s certificate products are available as qualified investments for Individual Retirement Accounts, 401(k) plans and other qualified retirement plans.
ACC evaluated events or transactions that may have occurred after the balance sheet date for potential recognition or disclosure through the date the financial statements were issued. No subsequent events or transactions were identified.
Basis of Financial Statement Presentation
The accompanying Consolidated Financial Statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). ACC uses the consolidation method of accounting for its wholly owned subsidiary, Investors Syndicate Development Corp.
Certain reclassifications of prior period amounts have been made to conform to the current presentation. Interest income from commercial paper classified as cash equivalents was reclassified from other investment income to interest income: cash and cash equivalents on the Consolidated Statements of Operations.
In 2019, ACC recorded a $723 thousand decrease to net provision for certificate reserves for an out-of-period correction related to Stock Market Certificate (“SMC”) embedded derivatives. The impact to prior period financial statements was not material.
Prior to June 2019, ACC had an agreement with Ameriprise Financial to settle with cash the change in its deferred federal income taxes on a quarterly basis. In the third quarter of 2019, it was determined that the cash settlements should have been reflected as a capital contribution for cash receipts from Ameriprise Financial and a dividend for cash payments to Ameriprise Financial. The deferred federal income taxes should have remained on ACC’s Consolidated Balance Sheet as the related assets, primarily investments, and liabilities remained on ACC’s Consolidated Balance Sheet. ACC’s Consolidated Balance Sheet as of December 31, 2019 has been adjusted to reflect the cumulative amount of cash receipts from and cash payments to Ameriprise Financial for the settlement of deferred federal income taxes as contributions and dividends, respectively. The correction of the misclassification resulted in a $42.2 million increase to additional paid-in capital and a $42.2 million decrease to retained earnings as of December 31, 2019. ACC’s payment of $12.7 million to Ameriprise Financial during the second quarter of 2019 has been reflected as a dividend and is included in the $42.2 million decrease to retained earnings. The impact to prior period financial statements was not material.
Amounts Based on Estimates and Assumptions
Accounting estimates are an integral part of the Consolidated Financial Statements. In part, they are based upon assumptions concerning future events. Among the more significant are those that relate to investment securities valuation and recognition of other-than-temporary impairments and income taxes and the recognition of deferred tax assets and liabilities. These accounting estimates reflect the best judgment of management and actual results could differ.
Interest Income
Interest income is accrued as earned using the effective interest method, which makes an adjustment of the yield for security premiums and discounts on all performing fixed maturity securities classified as Available-for-Sale so that the related security or loan recognizes a constant rate of return on the outstanding balance throughout its term. When actual prepayments differ significantly from originally anticipated prepayments, the retrospective effective yield is recalculated to reflect actual payments to date and updated future payment assumptions and a catch-up adjustment is recorded in the current period. In addition, the new effective yield, which reflects anticipated future payments, is used prospectively. Realized gains and losses on securities, other than trading securities and equity method investments, are recognized using the specific identification method on a trade date basis.
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Cash and Cash Equivalents
ACC has defined cash equivalents as highly liquid investments with original or remaining maturities at the time of purchase of 90 days or less.
Available-for-Sale Securities
Available-for-Sale securities are carried at fair value with unrealized gains (losses) recorded in accumulated other comprehensive income (loss), net of income taxes. Gains and losses are recognized on a trade date basis in the Consolidated Statements of Operations upon disposition of the securities.
When the fair value of an investment is less than its amortized cost, ACC assesses whether or not: (i) it has the intent to sell the security (made a decision to sell) or (ii) it is more likely than not that ACC will be required to sell the security before its anticipated recovery. If either of these conditions exist, an other-than-temporary impairment is considered to have occurred and ACC recognizes an other-than-temporary impairment for the difference between the investment’s amortized cost and its fair value through earnings. For securities that do not meet the above criteria and ACC does not expect to recover a security’s amortized cost, the security is also considered other-than-temporarily impaired. For these securities, ACC separates the total impairment into the credit loss component and the amount of the loss related to other factors. The amount of the total other-than-temporary impairment related to credit loss is recognized in earnings. The amount of the total other-than-temporary impairment related to other factors is recognized in other comprehensive income (loss), net of income taxes. For Available-for-Sale securities that have recognized an other-than-temporary impairment through earnings, the difference between the amortized cost and the cash flows expected to be collected is accreted as interest income if through subsequent evaluation there is a sustained increase in the cash flow expected. Subsequent increases and decreases in the fair value of Available-for-Sale securities are included in other comprehensive income (loss).
ACC provides a supplemental disclosure on the face of its Consolidated Statements of Operations that presents: (i) total other-than-temporary impairment losses recognized during the period and (ii) the portion of other-than-temporary impairment losses recognized in other comprehensive income (loss). The sum of these amounts represents the credit-related portion of other-than-temporary impairments that were recognized in earnings during the period. The portion of other-than-temporary losses recognized in other comprehensive income (loss) includes: (i) the portion of other-than-temporary impairment losses related to factors other than credit recognized during the period and (ii) reclassifications of other-than-temporary impairment losses previously determined to be related to factors other than credit that are determined to be credit-related in the current period. The amount presented on the Consolidated Statements of Operations as the portion of other-than-temporary losses recognized in other comprehensive income (loss) excludes subsequent increases and decreases in the fair value of these securities.
For all securities that are considered temporarily impaired, ACC does not intend to sell these securities (has not made a decision to sell) and it is not more likely than not that ACC will be required to sell the security before recovery of its amortized cost basis. ACC believes that it will collect all principal and interest due on all investments that have amortized cost in excess of fair value that are considered only temporarily impaired.
Factors ACC considers in determining whether declines in the fair value of fixed maturity securities are other-than-temporary include: (i) the extent to which the market value is below amortized cost; (ii) the duration of time in which there has been a significant decline in value; (iii) fundamental analysis of the liquidity, business prospects and overall financial condition of the issuer; and (iv) market events that could impact credit ratings, economic and business climate, litigation and government actions, and similar external business factors. In order to determine the amount of the credit loss component for corporate debt securities considered other-than-temporarily impaired, a best estimate of the present value of cash flows expected to be collected discounted at the security’s effective interest rate is compared to the amortized cost basis of the security. The significant inputs to cash flow projections consider potential debt restructuring terms, projected cash flows available to pay creditors and ACC’s position in the debtor’s overall capital structure.
For structured investments (e.g., residential mortgage backed securities, commercial mortgage backed securities, and asset backed securities), ACC also considers factors such as overall deal structure and its position within the structure, quality of underlying collateral, delinquencies and defaults, loss severities, recoveries, prepayments and cumulative loss projections in assessing potential other-than-temporary impairments of these investments. Based upon these factors, securities that have indicators of potential other-than-temporary impairment are subject to detailed review by management. Securities for which declines are considered temporary continue to be monitored by management until management determines there is no current risk of an other-than-temporary impairment.
Equity Securities
Equity securities are recorded at fair value with changes in fair value reflected in net realized gain (loss) on investments.
Commercial Mortgage, Syndicated and Certificate Loans
Commercial Mortgage Loans and Syndicated Loans
Commercial mortgage loans and syndicated loans are reflected within investments in unaffiliated issuers at amortized cost less the allowance for loan losses.
Interest income is accrued on the unpaid principal balances of the loans as earned.
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Certificate Loans
Certificate loans are reflected within investments in unaffiliated issuers at the unpaid principal balance, plus accrued interest. When originated, the loan balances do not exceed the cash surrender value of the underlying products. As there is minimal risk of loss related to certificate loans, ACC does not record an allowance for loan losses for certificate loans.
Nonaccrual Loans
Generally, loans are evaluated for or placed on nonaccrual status when either the collection of interest or principal has become 90 days past due or is otherwise considered doubtful of collection. When a loan is placed on nonaccrual status, unpaid accrued interest is reversed. Interest payments received on loans on nonaccrual status are generally applied to principal unless the remaining principal balance has been determined to be fully collectible.
Commercial mortgage loans are evaluated for impairment when the loan is considered for nonaccrual status, restructured or foreclosure proceedings are initiated on the property. If it is determined that the fair value is less than the current loan balance, it is written down to fair value less estimated selling costs. Foreclosed property is recorded as real estate owned.
Allowance for Loan Losses
Management determines the adequacy of the allowance for loan losses based on the overall loan portfolio composition, recent and historical loss experience, and other pertinent factors, including, when applicable, internal risk ratings, loan-to-value ratios, debt service coverage and occupancy rates, along with current economic and market conditions. This evaluation is inherently subjective as it requires estimates, which may be susceptible to significant change.
ACC determines the amount of the allowance based on management’s assessment of relative risk characteristics of the loan portfolio. The allowance is recorded for homogeneous loan categories on a pool basis, based on an analysis of product mix and risk characteristics of the portfolio, including geographic concentration, bankruptcy experiences, and historical losses, adjusted for current trends and market conditions.
While ACC attributes portions of the allowance to specific loan pools as part of the allowance estimation process, the entire allowance is available to absorb losses inherent in the total loan portfolio. The allowance is increased through provisions charged to net realized gain (loss) on investments and reduced/increased by net charge-offs/recoveries.
Impaired Loans
ACC considers a loan to be impaired when, based on current information and events, it is probable ACC will not be able to collect all amounts due (both interest and principal) according to the contractual terms of the loan agreement. Impaired loans may also include loans that have been modified in troubled debt restructurings as a concession to borrowers experiencing financial difficulties. Management evaluates for impairment all restructured loans and loans with higher impairment risk factors. Factors used by ACC to determine whether all amounts due on commercial mortgage loans will be collected, include but are not limited to, the financial condition of the borrower, performance of the underlying properties, collateral and/or guarantees on the loan, and the borrower’s estimated future ability to pay based on property type and geographic location. The impairment recognized is measured as the excess of the loan’s recorded investment over: (i) the present value of its expected principal and interest payments discounted at the loan’s effective interest rate; (ii) the fair value of collateral; or (iii) the loan’s observable market price.
Restructured Loans
A loan is classified as a restructured loan when ACC makes certain concessionary modifications to contractual terms for borrowers experiencing financial difficulties. When the interest rate, minimum payments, and/or due dates have been modified in an attempt to make the loan more affordable to a borrower experiencing financial difficulties, the modification is considered a troubled debt restructuring. Generally, performance prior to the restructuring or significant events that coincide with the restructuring are considered in assessing whether the borrower can meet the new terms which may result in the loan being returned to accrual status at the time of the restructuring or after a performance period. If the borrower’s ability to meet the revised payment schedule is not reasonably assured, the loan remains on nonaccrual status.
Certificate Reserves
Investment certificates may be purchased either with a lump-sum payment or by installment payments. Certificate product owners are entitled to receive, at maturity, a definite sum of money. Payments from certificate owners are credited to investment certificate reserves. Investment certificate reserves accumulate interest at specified percentage rates as declared by ACC. Reserves also are maintained for advance payments made by certificate owners, accrued interest thereon, and for additional credits in excess of minimum guaranteed rates and accrued interest thereon. On certificates allowing for the deduction of a surrender charge, the cash surrender values may be less than accumulated investment certificate reserves prior to maturity dates. Cash surrender values on certificates allowing for no surrender charge are equal to certificate reserves. The payment distribution, reserve accumulation rates, cash surrender values, reserve values and other matters are governed by the 1940 Act.
Certain certificates offer a return based on the relative change in a stock market index. The certificates with an equity-based return contain embedded derivatives, which are carried at fair value within investment certificate reserves on the Consolidated Balance Sheets. The fair values of these embedded derivatives incorporate current market data inputs. Changes in fair value are reflected in provision for certificate reserves within the Consolidated Statements of Operations.
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Derivatives and Hedging Activities
Derivative instruments, consisting of options and futures contracts, if any, are classified in the Consolidated Balance Sheets at fair value. The fair value of ACC’s derivative instruments is determined using either market quotes or valuation models that are based upon the net present value of estimated future cash flows and incorporate current market observable inputs to the extent available. The accounting for the change in the fair value of the derivative instrument depends on its intended use and the resulting hedge designation, if any. For derivative instruments that do not qualify for hedge accounting or are not designated as accounting hedges, changes in fair value are recognized in current period earnings. ACC’s policy is to not offset fair value amounts recognized for derivatives and collateral arrangements executed with the same counterparty under the same master netting arrangement.
Income Taxes
ACC’s taxable income is included in the consolidated federal income tax return of Ameriprise Financial. ACC provides for income taxes on a separate return basis, except that, under an agreement between Ameriprise Financial and ACC, tax benefits are recognized for losses to the extent they can be used in the consolidated return. It is the policy of Ameriprise Financial that it will reimburse its subsidiaries for any tax benefits recorded.
ACC’s provision for income taxes represents the net amount of income taxes that ACC expects to pay or to receive from various taxing jurisdictions in connection with its operations. ACC provides for income taxes based on amounts that ACC believes it will ultimately owe taking into account the recognition and measurement for uncertain tax positions. Inherent in the provision for income taxes are estimates and judgments regarding the tax treatment of certain items.
In connection with the provision for income taxes, ACC’s Consolidated Financial Statements reflect certain amounts related to deferred tax assets and liabilities, which result from temporary differences between the assets and liabilities measured for financial statement purposes versus the assets and liabilities measured for tax return purposes.
ACC is required to establish a valuation allowance for any portion of the deferred tax assets that management believes will not be realized. Significant judgment is required in determining if a valuation allowance should be established, and the amount of such allowance if required. Factors used in making this determination include estimates relating to the performance of the business. Consideration is given to, among other things in making this determination: (i) future taxable income exclusive of reversing temporary differences and carryforwards; (ii) future reversals of existing taxable temporary differences; (iii) taxable income in prior carryback years; and (iv) tax planning strategies. Based on analysis of ACC’s tax positions, management believes it is more likely than not that ACC’s results of future operations and implementation of tax planning strategies will generate sufficient taxable income to enable ACC to utilize all of the deferred tax assets. Accordingly, no valuation allowance for deferred tax assets has been established as of December 31, 2019.
Changes in tax rates and tax law are accounted for in the period of enactment. Deferred tax assets and liabilities are adjusted for the effect of a change in tax laws or rates and the effect is included in income. See Note 12 for further discussion on the enactment of the Tax Cuts and Jobs Act (“Tax Act”) and the impact to ACC’s provision for income taxes for the year ended December 31, 2017.
Recent Accounting Pronouncements
Adoption of New Accounting Standards
Income Statement – Reporting Comprehensive Income – Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income
In February 2018, the Financial Accounting Standards Board (“FASB”) updated the accounting standards related to the presentation of tax effects stranded in accumulated other comprehensive income (“AOCI”). The update allows a reclassification from AOCI to retained earnings for tax effects stranded in AOCI resulting from the legislation commonly referred to as the Tax Act. The election of the update was optional. The update was effective for fiscal years beginning after December 15, 2018. Entities could record the impacts either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Act is recognized. ACC adopted the standard on January 1, 2019 and elected not to reclassify the stranded tax effects in AOCI.
Derivatives and Hedging – Targeted Improvements to Accounting for Hedging Activities
In August 2017, the FASB updated the accounting standards to amend the hedge accounting recognition and presentation requirements. The objectives of the update are to better align the financial reporting of hedging relationships to the economic results of an entity’s risk management activities and simplify the application of the hedge accounting guidance. The update also adds new disclosures and amends existing disclosure requirements. The standard was effective for interim and annual periods beginning after December 15, 2018, and was required to be applied on a modified retrospective basis. ACC adopted the standard on January 1, 2019. The adoption did not have a material impact on ACC’s consolidated results of operations or financial condition.
Receivables – Nonrefundable Fees and Other Costs – Premium Amortization on Purchased Callable Debt Securities
In March 2017, the FASB updated the accounting standards to shorten the amortization period for certain purchased callable debt securities held at a premium. Under previous guidance, premiums were generally amortized over the contractual life of the security. The amendments require the premium to be amortized to the earliest call date. The update applies to securities with explicit, non-contingent call features that are callable at fixed prices and on preset dates. The standard was effective for interim and annual periods
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beginning after December 15, 2018, and was required to be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. ACC adopted the standard on January 1, 2019. The adoption did not have a material impact on ACC’s consolidated results of operations or financial condition.
Financial Instruments – Recognition and Measurement of Financial Assets and Financial Liabilities
In January 2016, the FASB updated the accounting standards on the recognition and measurement of financial instruments. The update requires entities to carry marketable equity securities, excluding investments in securities that qualify for the equity method of accounting, at fair value with changes in fair value reflected in net income each reporting period. The update affects other aspects of accounting for equity instruments, as well as the accounting for financial liabilities utilizing the fair value option. The update eliminates the requirement to disclose the methods and assumptions used to estimate the fair value of financial assets or liabilities held at cost on the balance sheet and requires entities to use the exit price notion when measuring the fair value of these financial instruments. The standard was effective for interim and annual periods beginning after December 15, 2017. ACC adopted the standard on January 1, 2018 using a modified retrospective approach. The adoption of the standard did not have a material impact on ACC’s consolidated results of operations or financial condition.
Fair Value Measurement – Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement
In August 2018, the FASB updated the accounting standards related to disclosures for fair value measurements. The update eliminates the following disclosures: 1) the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, 2) the policy of timing of transfers between levels of the fair value hierarchy, and 3) the valuation processes for Level 3 fair value measurements. The new disclosures include changes in unrealized gains and losses for the period included in other comprehensive income (“OCI”) for recurring Level 3 fair value measurements of instruments held at the end of the reporting period and the range and weighted average used to develop significant unobservable inputs and how the weighted average was calculated. The new disclosures are required on a prospective basis; all other provisions should be applied retrospectively. The update is effective for interim and annual periods beginning after December 15, 2019. Early adoption is permitted for the entire standard or only the provisions to eliminate or modify disclosure requirements. ACC early adopted the provisions of the standard to eliminate or modify disclosure requirements in the fourth quarter of 2018. The update does not have an impact on ACC’s consolidated results of operations or financial condition.
Future Adoption of New Accounting Standards
Income Taxes – Simplifying the Accounting for Income Taxes
In December 2019, the FASB updated the accounting standards to simplify the accounting for income taxes. The update eliminates certain exceptions to accounting principles related to intraperiod tax allocation (prospective basis), deferred tax liabilities related to outside basis differences (modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption) and year-to-date losses in interim periods (prospective basis). The update also amends existing guidance related to situations when an entity receives a step-up in the tax basis of goodwill (prospective basis), allocation of income tax expense when members of a consolidated tax filing group issue separate financial statements (retrospective basis for all periods presented), interim recognition of enactment of tax laws or rate changes (prospective basis) and franchise taxes and other taxes partially based on income (retrospective basis for all periods presented or a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption). The standard is effective for interim and annual periods beginning after December 15, 2020, with early adoption permitted. The method of adoption is noted parenthetically after each amendment above. ACC is currently evaluating the impact of the standard on its consolidated results of operations and financial condition.
Financial Instruments – Credit Losses – Measurement of Credit Losses on Financial Instruments
In June 2016, the FASB updated the accounting standards related to accounting for credit losses on certain types of financial instruments. The update replaces the current incurred loss model for estimating credit losses with a new model that requires an entity to estimate the credit losses expected over the life of the asset. Generally, the initial estimate of the expected credit losses and subsequent changes in the estimate will be reported in current period earnings and recorded through an allowance for credit losses on the balance sheet. The current credit loss model for Available-for-Sale debt securities does not change; however, the credit loss calculation and subsequent recoveries are required to be recorded through an allowance. The standard is effective for interim and annual periods beginning after December 15, 2019. A modified retrospective cumulative adjustment to retained earnings should be recorded as of the first reporting period in which the guidance is effective for loans, receivables, and other financial instruments subject to the new expected credit loss model. Prospective adoption is required for establishing an allowance related to Available-for-Sale debt securities, certain beneficial interests, and financial assets purchased with a more-than-insignificant amount of credit deterioration since origination. ACC adopted the standard on January 1, 2020. The adoption of this update did not have a material impact on ACC’s consolidated results of operations or financial condition.
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2. Deposit of Assets and Maintenance of Qualified Assets
Under the provisions of its certificates and the 1940 Act, ACC was required to have cash and “qualified assets” (as defined in Section 28(b) of the 1940 Act, as modified by an exemptive order of the SEC) in the amount of $7.5 billion and $7.9 billion as of December 31, 2019 and 2018, respectively. ACC reported Qualified Assets of $8.0 billion and $8.4 billion as of December 31, 2019 and 2018, respectively. Qualified Assets excluded net unrealized pretax gains on Available-for-Sale securities of $14.0 million and net unrealized pretax losses on Available-for-Sale securities $47.0 million as of December 31, 2019 and 2018, respectively. Additionally, Qualified Assets excluded payables to brokers, dealers and clearing organizations of $52.6 million and $98.9 million as of December 31, 2019 and 2018, respectively.
Qualified Assets are valued in accordance with such provisions of Minnesota Statutes as are applicable to investments of life insurance companies. These values are the same as financial statement carrying values, except for debt securities classified as Available-for-Sale and all marketable equity securities, which are carried at fair value in the Consolidated Financial Statements but are valued at either amortized cost, market value or par value based on the state requirements for qualified asset and deposit maintenance purposes.
Pursuant to provisions of the certificates, the 1940 Act, the Depository and Custodial Agreement and requirements of various states, Qualified Assets of ACC were deposited as follows:
December 31, 2019 | |||||||||||
Deposits | Required Deposits | Excess | |||||||||
(in thousands) | |||||||||||
Deposits to meet certificate liability requirements: | |||||||||||
Pennsylvania and New Jersey (at market value) | $ | 255 | $ | 130 | $ | 125 | |||||
Texas and Illinois (at par value) | 160 | 150 | 10 | ||||||||
Custodian | 7,998,357 | 7,529,648 | 468,709 | ||||||||
Total | $ | 7,998,772 | $ | 7,529,928 | $ | 468,844 |
December 31, 2018 | |||||||||||
Deposits | Required Deposits | Excess | |||||||||
(in thousands) | |||||||||||
Deposits to meet certificate liability requirements: | |||||||||||
Pennsylvania and New Jersey (at market value) | $ | 244 | $ | 130 | $ | 114 | |||||
Texas and Illinois (at par value) | 190 | 150 | 40 | ||||||||
Custodian | 8,303,600 | 7,893,325 | 410,275 | ||||||||
Total | $ | 8,304,034 | $ | 7,893,605 | $ | 410,429 |
The assets on deposit with the Custodian (or its subcustodian) as of December 31, 2019 and 2018 consisted of securities and other loans having a deposit value of $7.5 billion and $7.9 billion, respectively, mortgage loans on real estate of $123.0 million and $112.4 million, respectively, and other investments of $365.9 million and $360.6 million, respectively. There were $51.8 million and $98.9 million of payables to brokers, dealers and clearing organizations related to these assets on deposit as of December 31, 2019 and 2018, respectively.
Ameriprise Trust Company (“ATC”) is the Custodian for ACC. ATC has appointed JPMorgan Chase Bank, N.A. as its subcustodian. See Note 7 for information on related party transactions.
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3. Investments
Available-for-Sale securities distributed by type were as follows:
Description of Securities | December 31, 2019 | |||||||||||||||||||
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | Noncredit OTTI (1) | ||||||||||||||||
(in thousands) | ||||||||||||||||||||
Residential mortgage backed securities | $ | 3,052,502 | $ | 16,238 | $ | (9,022 | ) | $ | 3,059,718 | $ | — | |||||||||
Corporate debt securities | 519,365 | 5,580 | (108 | ) | 524,837 | 3 | ||||||||||||||
Commercial mortgage backed securities | 1,452,823 | 1,017 | (2,949 | ) | 1,450,891 | — | ||||||||||||||
Asset backed securities | 627,380 | 3,485 | (1,162 | ) | 629,703 | — | ||||||||||||||
State and municipal obligations | 32,622 | 223 | (105 | ) | 32,740 | — | ||||||||||||||
U.S. government and agency obligations | 1,678,122 | 762 | (1 | ) | 1,678,883 | — | ||||||||||||||
Total | $ | 7,362,814 | $ | 27,305 | $ | (13,347 | ) | $ | 7,376,772 | $ | 3 |
Description of Securities | December 31, 2018 | |||||||||||||||||||
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | Noncredit OTTI (1) | ||||||||||||||||
(in thousands) | ||||||||||||||||||||
Residential mortgage backed securities | $ | 3,073,657 | $ | 7,639 | $ | (27,593 | ) | $ | 3,053,703 | $ | — | |||||||||
Corporate debt securities | 1,027,462 | 488 | (9,133 | ) | 1,018,817 | 3 | ||||||||||||||
Commercial mortgage backed securities | 1,211,468 | 276 | (13,764 | ) | 1,197,980 | — | ||||||||||||||
Asset backed securities | 667,332 | 2,867 | (7,468 | ) | 662,731 | — | ||||||||||||||
State and municipal obligations | 62,032 | 60 | (502 | ) | 61,590 | — | ||||||||||||||
U.S. government and agency obligations | 1,739,757 | 250 | (78 | ) | 1,739,929 | — | ||||||||||||||
Total | $ | 7,781,708 | $ | 11,580 | $ | (58,538 | ) | $ | 7,734,750 | $ | 3 |
(1) Represents the amount of other-than-temporary impairment (“OTTI”) losses in AOCI. Amount includes unrealized gains and losses on impaired securities subsequent to the initial impairment measurement date. These amounts are included in gross unrealized gains and losses as of the end of the period.
As of December 31, 2019 and 2018, investment securities with a fair value of $133 thousand and $42 thousand, respectively, were pledged to meet contractual obligations under derivative contracts.
As of both December 31, 2019 and 2018, fixed maturity securities comprised approximately 92% of ACC’s total investments. Rating agency designations are based on the availability of ratings from Nationally Recognized Statistical Rating Organizations (“NRSROs”), including Moody’s Investors Service (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”), and Fitch Ratings Ltd. (“Fitch”). ACC uses the median of available ratings from Moody’s, S&P and Fitch, or, if fewer than three ratings are available, the lower rating is used. When ratings from Moody’s, S&P and Fitch are unavailable, as is the case for many private placement securities, ACC may utilize ratings from other NRSROs or rate the securities internally. As of December 31, 2019 and 2018, approximately $8.3 million and $36.1 million, respectively, of securities were internally rated by Columbia Management Investment Advisers, LLC (“CMIA”), an affiliate of ACC, using criteria similar to those used by NRSROs.
A summary of fixed maturity securities by rating was as follows:
Ratings | December 31, 2019 | December 31, 2018 | ||||||||||||||||||||
Amortized Cost | Fair Value | Percent of Total Fair Value | Amortized Cost | Fair Value | Percent of Total Fair Value | |||||||||||||||||
(in thousands, except percentages) | ||||||||||||||||||||||
AAA | $ | 6,551,393 | $ | 6,554,916 | 89 | % | $ | 6,247,699 | $ | 6,209,709 | 80 | % | ||||||||||
AA | 127,621 | 128,753 | 2 | 221,126 | 220,466 | 3 | ||||||||||||||||
A | 289,553 | 293,204 | 4 | 497,428 | 493,964 | 6 | ||||||||||||||||
BBB | 381,044 | 386,791 | 5 | 782,284 | 777,928 | 10 | ||||||||||||||||
Below investment grade | 13,203 | 13,108 | — | 33,171 | 32,683 | 1 | ||||||||||||||||
Total fixed maturities | $ | 7,362,814 | $ | 7,376,772 | 100 | % | $ | 7,781,708 | $ | 7,734,750 | 100 | % |
As of December 31, 2019 and 2018, approximately 32% and 34%, respectively, of securities rated AAA were GNMA, FNMA and FHLMC mortgage backed securities.
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The following tables provide information about Available-for-Sale securities with gross unrealized losses and the length of time that individual securities have been in a continuous unrealized loss position:
Description of Securities | December 31, 2019 | ||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||||||||||||||||
Number of Securities | Fair Value | Unrealized Losses | Number of Securities | Fair Value | Unrealized Losses | Number of Securities | Fair Value | Unrealized Losses | |||||||||||||||||||||||||
(in thousands, except number of securities) | |||||||||||||||||||||||||||||||||
Residential mortgage backed securities | 64 | $ | 987,968 | $ | (3,731 | ) | 90 | $ | 776,834 | $ | (5,291 | ) | 154 | $ | 1,764,802 | $ | (9,022 | ) | |||||||||||||||
Corporate debt securities | 1 | 1,201 | — | 8 | 52,348 | (108 | ) | 9 | 53,549 | (108 | ) | ||||||||||||||||||||||
Commercial mortgage backed securities | 33 | 891,414 | (1,662 | ) | 24 | 232,184 | (1,287 | ) | 57 | 1,123,598 | (2,949 | ) | |||||||||||||||||||||
Asset backed securities | 8 | 59,048 | (95 | ) | 14 | 183,116 | (1,067 | ) | 22 | 242,164 | (1,162 | ) | |||||||||||||||||||||
State and municipal obligations | — | — | — | 1 | 2,705 | (105 | ) | 1 | 2,705 | (105 | ) | ||||||||||||||||||||||
U.S. government and agency obligations | 2 | 99,606 | (1 | ) | — | — | — | 2 | 99,606 | (1 | ) | ||||||||||||||||||||||
Total | 108 | $ | 2,039,237 | $ | (5,489 | ) | 137 | $ | 1,247,187 | $ | (7,858 | ) | 245 | $ | 3,286,424 | $ | (13,347 | ) |
Description of Securities | December 31, 2018 | ||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||||||||||||||||
Number of Securities | Fair Value | Unrealized Losses | Number of Securities | Fair Value | Unrealized Losses | Number of Securities | Fair Value | Unrealized Losses | |||||||||||||||||||||||||
(in thousands, except number of securities) | |||||||||||||||||||||||||||||||||
Residential mortgage backed securities | 97 | $ | 1,125,780 | $ | (8,273 | ) | 113 | $ | 1,012,582 | $ | (19,320 | ) | 210 | $ | 2,138,362 | $ | (27,593 | ) | |||||||||||||||
Corporate debt securities | 35 | 376,774 | (3,027 | ) | 43 | 492,955 | (6,106 | ) | 78 | 869,729 | (9,133 | ) | |||||||||||||||||||||
Commercial mortgage backed securities | 39 | 892,856 | (5,245 | ) | 24 | 240,762 | (8,519 | ) | 63 | 1,133,618 | (13,764 | ) | |||||||||||||||||||||
Asset backed securities | 23 | 296,298 | (3,815 | ) | 23 | 272,466 | (3,653 | ) | 46 | 568,764 | (7,468 | ) | |||||||||||||||||||||
State and municipal obligations | 7 | 28,640 | (103 | ) | 9 | 18,482 | (399 | ) | 16 | 47,122 | (502 | ) | |||||||||||||||||||||
U.S. government and agency obligations | 10 | 721,934 | (78 | ) | — | — | — | 10 | 721,934 | (78 | ) | ||||||||||||||||||||||
Total | 211 | $ | 3,442,282 | $ | (20,541 | ) | 212 | $ | 2,037,247 | $ | (37,997 | ) | 423 | $ | 5,479,529 | $ | (58,538 | ) |
As part of ACC’s ongoing monitoring process, management determined that the change in gross unrealized losses on its Available-for-Sale securities is attributable to lower interest rates as well as tighter credit spreads.
The following table presents a rollforward of the cumulative amounts recognized in the Consolidated Statements of Operations for OTTI related to credit losses on Available-for-Sale securities for which a portion of the securities’ total OTTI was recognized in OCI:
Years Ended December 31, | |||||||||||
2019 | 2018 | 2017 | |||||||||
(in thousands) | |||||||||||
Beginning balance | $ | — | $ | — | $ | 46,522 | |||||
Reductions for securities sold during the period (realized) | — | — | (46,715 | ) | |||||||
Credit losses for which an other-than-temporary impairment was previously recognized | — | — | 193 | ||||||||
Ending balance | $ | — | $ | — | $ | — |
The change in net unrealized gains (losses) on securities in OCI includes two components, net of tax: (i) unrealized gains (losses) that arose from changes in the market value of securities that were held during the period and (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 OTTI losses to credit losses.
F-16
The following table presents a rollforward of the net unrealized gains (losses) on Available-for-Sale securities included in AOCI:
Net Unrealized Gains (Losses) on Securities | Deferred Income Tax | Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Gains (Losses) on Securities | ||||||||||
(in thousands) | ||||||||||||
Balance at January 1, 2017 | $ | (8,195 | ) | $ | 3,030 | $ | (5,165 | ) | ||||
Net unrealized gains (losses) on securities arising during the period (1) | 10,637 | (3,285 | ) | 7,352 | ||||||||
Reclassification of net (gains) losses on securities included in net income | (12,021 | ) | 4,207 | (7,814 | ) | |||||||
Balance at December 31, 2017 | (9,579 | ) | 3,952 | (5,627 | ) | (2) | ||||||
Cumulative effect of adoption of equity securities guidance | 3 | (1 | ) | 2 | ||||||||
Net unrealized gains (losses) on securities arising during the period (1) | (37,534 | ) | 9,208 | (28,326 | ) | |||||||
Reclassification of net (gains) losses on securities included in net income | 152 | (32 | ) | 120 | ||||||||
Balance at December 31, 2018 | (46,958 | ) | 13,127 | (33,831 | ) | (2) | ||||||
Net unrealized gains (losses) on securities arising during the period (1) | 61,110 | (14,863 | ) | 46,247 | ||||||||
Reclassification of net (gains) losses on securities included in net income | (194 | ) | 41 | (153 | ) | |||||||
Balance at December 31, 2019 | $ | 13,958 | $ | (1,695 | ) | $ | 12,263 | (2) |
(1) Net unrealized gains (losses) on securities arising during the period include OTTI losses on Available-for-Sale securities related to factors other than credit that were recognized in OCI during the period.
(2) Includes $2 thousand of noncredit related impairments on securities and net unrealized gains (losses) on previously impaired securities as of December 31, 2019, 2018 and 2017.
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, | |||||||||||
2019 | 2018 | 2017 | |||||||||
(in thousands) | |||||||||||
Gross realized investment gains | $ | 265 | $ | 909 | $ | 14,553 | |||||
Gross realized investment losses | (71 | ) | (1,061 | ) | (2,339 | ) | |||||
Other-than-temporary impairments | — | — | (193 | ) | |||||||
Total | $ | 194 | $ | (152 | ) | $ | 12,021 |
Other-than-temporary impairments for the year ended December 31, 2017 are related to credit losses on non-agency residential mortgage backed securities.
Available-for-Sale securities by contractual maturity as of December 31, 2019 were as follows:
Amortized Cost | Fair Value | ||||||
(in thousands) | |||||||
Due within one year | $ | 1,996,523 | $ | 1,998,340 | |||
Due after one year through five years | 233,377 | 237,865 | |||||
Due after five years through 10 years | 209 | 255 | |||||
Due after 10 years | — | — | |||||
2,230,109 | 2,236,460 | ||||||
Residential mortgage backed securities | 3,052,502 | 3,059,718 | |||||
Commercial mortgage backed securities | 1,452,823 | 1,450,891 | |||||
Asset backed securities | 627,380 | 629,703 | |||||
Total | $ | 7,362,814 | $ | 7,376,772 |
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 were not included in the maturities distribution.
F-17
4. Commercial Mortgage, Syndicated and Certificate Loans
ACC’s financing receivables include commercial mortgage loans, syndicated loans and certificate loans. See Note 1 for information regarding ACC’s accounting policies related to loans and the allowance for loan losses.
Allowance for Loan Losses
The following table presents a rollforward of the allowance for loan losses for commercial mortgage loans and syndicated loans for the years ended and the ending balance of the allowance for loan losses by impairment method:
December 31, | |||||||||||
2019 | 2018 | 2017 | |||||||||
(in thousands) | |||||||||||
Beginning balance | $ | 3,120 | $ | 3,283 | $ | 3,283 | |||||
Charge-offs | (98 | ) | (163 | ) | — | ||||||
Ending balance | $ | 3,022 | $ | 3,120 | $ | 3,283 | |||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | |||||
Collectively evaluated for impairment | 3,022 | 3,120 | 3,283 |
The recorded investment in commercial mortgage loans and syndicated loans by impairment method was as follows:
December 31, | |||||||
2019 | 2018 | ||||||
(in thousands) | |||||||
Individually evaluated for impairment | $ | 2,278 | $ | 3,783 | |||
Collectively evaluated for impairment | 270,603 | 259,515 | |||||
Total | $ | 272,881 | $ | 263,298 |
As of December 31, 2019 and 2018, ACC’s recorded investment in financing receivables individually evaluated for impairment for which there was no related allowance for loan losses was $2.3 million and $3.8 million, respectively. Unearned income, unamortized premiums and discounts, and net unamortized deferred fees and costs are not material to ACC’s total loan balance.
Purchases and sales of loans were as follows:
Years Ended December 31, | |||||||||||
2019 | 2018 | 2017 | |||||||||
(in thousands) | |||||||||||
Purchases | |||||||||||
Syndicated loans | $ | 40,306 | $ | 83,763 | $ | 44,141 | |||||
Sales | |||||||||||
Syndicated loans | $ | 10,765 | $ | 7,054 | $ | 4,476 |
ACC has not acquired any loans with deteriorated credit quality as of the acquisition date.
Credit Quality Information
Nonperforming loans were $2.3 million and nil as of December 31, 2019 and 2018, respectively. All other loans were considered to be performing.
Commercial Mortgage Loans
ACC reviews the credit worthiness of the borrower and the performance of the underlying properties in order to determine the risk of loss on commercial mortgage loans. Based on this review, the commercial mortgage loans are assigned an internal risk rating, which management updates as necessary. Commercial mortgage loans which management has assigned its highest risk rating were nil as of both December 31, 2019 and 2018. Loans with the highest risk rating represent distressed loans which ACC has identified as impaired or expects to become delinquent or enter into foreclosure within the next six months. In addition, ACC reviews the concentrations of credit risk by region and property type.
F-18
Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows:
Loans | Percentage | ||||||||||||
December 31, | December 31, | ||||||||||||
2019 | 2018 | 2019 | 2018 | ||||||||||
(in thousands) | |||||||||||||
East North Central | $ | 6,424 | $ | 5,642 | 5 | % | 5 | % | |||||
East South Central | 4,266 | 6,253 | 4 | 5 | |||||||||
Middle Atlantic | 15,495 | 14,443 | 12 | 13 | |||||||||
Mountain | 13,556 | 9,794 | 11 | 9 | |||||||||
New England | 7,191 | 7,392 | 6 | 6 | |||||||||
Pacific | 39,342 | 37,147 | 31 | 32 | |||||||||
South Atlantic | 18,835 | 21,479 | 15 | 19 | |||||||||
West North Central | 7,396 | 6,132 | 6 | 5 | |||||||||
West South Central | 12,876 | 6,493 | 10 | 6 | |||||||||
125,381 | 114,775 | 100 | % | 100 | % | ||||||||
Less: allowance for loan losses | 2,341 | 2,341 | |||||||||||
Total | $ | 123,040 | $ | 112,434 |
Concentrations of credit risk of commercial mortgage loans by property type were as follows:
Loans | Percentage | ||||||||||||
December 31, | December 31, | ||||||||||||
2019 | 2018 | 2019 | 2018 | ||||||||||
(in thousands) | |||||||||||||
Apartments | $ | 32,162 | $ | 26,795 | 25 | % | 23 | % | |||||
Industrial | 24,969 | 27,162 | 20 | 24 | |||||||||
Mixed use | 12,105 | 7,646 | 10 | 7 | |||||||||
Office | 14,952 | 16,087 | 12 | 14 | |||||||||
Retail | 39,719 | 34,814 | 32 | 30 | |||||||||
Hotel | 432 | 607 | — | 1 | |||||||||
Other | 1,042 | 1,664 | 1 | 1 | |||||||||
125,381 | 114,775 | 100 | % | 100 | % | ||||||||
Less: allowance for loan losses | 2,341 | 2,341 | |||||||||||
Total | $ | 123,040 | $ | 112,434 |
Syndicated Loans
The recorded investment in syndicated loans as of December 31, 2019 and 2018 was $147.5 million and $148.5 million, respectively. ACC’s syndicated loan portfolio is diversified across industries and issuers. The primary credit indicator for syndicated loans is whether the loans are performing in accordance with the contractual terms of the syndication.
Troubled Debt Restructurings
There were no loans restructured by ACC during the years ended December 31, 2019, 2018 and 2017. There are no material commitments to lend additional funds to borrowers whose loans have been restructured.
F-19
5. Certificate Reserves
Reserves maintained on outstanding certificates have been computed in accordance with the provisions of the certificates and Section 28 of the 1940 Act. The average rates of accumulation on certificate reserves were as follows:
December 31, 2019 | |||||||||
Reserve Balance | Average Gross Accumulation Rates (3) | Average Additional Credit Rates (4) | |||||||
(in thousands, except percentages) | |||||||||
Installment certificates: | |||||||||
Reserves to mature: | |||||||||
Without guaranteed rates (1) | $ | 5,371 | 1.05 | % | 1.05 | % | |||
Fully paid certificates: | |||||||||
Reserves to mature: | |||||||||
With guaranteed rates | 5,710 | 3.19 | % | 0.01 | % | ||||
Without guaranteed rates (1) | 7,063,066 | 1.37 | % | 1.37 | % | ||||
Equity indexed (2) | 434,412 | N/A | N/A | ||||||
Additional credits and accrued interest: | |||||||||
With guaranteed rates | 41 | 2.95 | % | — | |||||
Without guaranteed rates (1) | 13,284 | N/A | N/A | ||||||
Due to unlocated certificate holders | 439 | N/A | N/A | ||||||
Total | $ | 7,522,323 |
December 31, 2018 | |||||||||
Reserve Balance | Average Gross Accumulation Rates (3) | Average Additional Credit Rates (4) | |||||||
(in thousands, except percentages) | |||||||||
Installment certificates: | |||||||||
Reserves to mature: | |||||||||
Without guaranteed rates (1) | $ | 8,814 | 1.39 | % | 1.39 | % | |||
Fully paid certificates: | |||||||||
Reserves to mature: | |||||||||
With guaranteed rates | 6,296 | 3.17 | % | 0.01 | % | ||||
Without guaranteed rates (1) | 7,412,609 | 1.62 | % | 1.62 | % | ||||
Equity indexed (2) | 458,501 | N/A | N/A | ||||||
Additional credits and accrued interest: | |||||||||
With guaranteed rates | 57 | 2.96 | % | — | |||||
Without guaranteed rates (1) | 5,453 | N/A | N/A | ||||||
Due to unlocated certificate holders | 234 | N/A | N/A | ||||||
Total | $ | 7,891,964 |
N/A Not Applicable.
(1) There is no minimum rate of accrual on these reserves. Interest is declared periodically, quarterly, or annually in accordance with the terms of the separate series of certificates.
(2) Ameriprise Stock Market Certificate and Ameriprise Market Strategy Certificate enable the certificate owner to participate in any relative rise in a major stock market index up to a cap without risking loss of principal. The certificates have market participation terms of 52, 104 or 156 weeks and may continue for up to 15 years. The reserve balances on these certificates as of December 31, 2019 and 2018 were $462.9 million and $482.0 million, respectively.
(3) The average gross accumulation rate is the additional credit rate plus the guaranteed minimum rate, if applicable, based on the weighted-average reserves as of December 31, 2019 and 2018.
(4) The average additional credit rate is the declared interest rate in excess of the guaranteed minimum rate, if applicable, based on the weighted-average reserves as of December 31, 2019 and 2018.
F-20
On certain series of single payment certificates, additional interest is pre-declared for periods greater than one year. The retained earnings appropriated for the pre-declared additional interest as of December 31, 2019 and 2018 was $321 thousand and $910 thousand, respectively, which reflects the difference between certificate reserves on these series, calculated on a statutory basis, and the reserves maintained per books.
The carrying amounts of net certificate reserves consisted of the following:
December 31, | |||||||
2019 | 2018 | ||||||
(in thousands) | |||||||
Reserves with terms of one year or less | $ | 7,197,839 | $ | 7,517,277 | |||
Other | 324,484 | 374,687 | |||||
Total certificate reserves | 7,522,323 | 7,891,964 | |||||
Unapplied certificate transactions | 810 | 4,697 | |||||
Certificate loans and accrued interest | (219 | ) | (247 | ) | |||
Total | $ | 7,522,914 | $ | 7,896,414 |
6. Regulation and Dividend Restrictions
ACC is required to maintain cash and “qualified assets” meeting the standards of Section 28(b) of the 1940 Act, as modified by an exemptive order of the SEC. The amortized cost of such investments must be at least equal to ACC’s net liabilities on all outstanding face-amount certificates plus $250,000. ACC’s qualified assets consist of cash equivalents, syndicated loans, commercial mortgage loans, U.S. government and government agency securities, municipal bonds, corporate bonds, equity securities, equity index options and other securities meeting specified standards. So long as ACC wishes to rely on the SEC order, as a condition to the order, ACC has agreed to maintain an amount of unappropriated retained earnings and capital equal to at least 5% of certificate reserves (less outstanding certificate loans). To the extent that payment of a dividend would decrease the capital ratio below the required 5%, payment of a dividend would be restricted. In determining compliance with this condition, qualified assets are valued in accordance with the provisions of Minnesota Statutes where such provisions are applicable.
ACC has also entered into a written understanding with the Minnesota Department of Commerce that ACC will maintain capital equal to at least 5% of the assets of ACC (less outstanding certificate loans). To the extent that payment of a dividend would decrease this ratio below the required 5%, payment of a dividend would be restricted. When computing its capital for these purposes, ACC values its assets on the basis of statutory accounting for insurance companies rather than GAAP. ACC is subject to examination and supervision by the Minnesota Department of Commerce (Banking Division).
Ameriprise Financial and ACC entered into a Capital Support Agreement on March 2, 2009, pursuant to which Ameriprise Financial agrees to commit such capital to ACC as is necessary to satisfy applicable minimum capital requirements. Effective April 30, 2014, this agreement was amended to revise the maximum commitment to $50.0 million. For the year ended December 31, 2019, Ameriprise Financial has not infused any additional capital into ACC under this agreement.
7. Related Party Transactions
Distribution Services
Distribution fees payable to AFS on sales of ACC’s certificates are based upon terms of agreements giving AFS the right to distribute the certificates covered under the agreements. The agreements provide for payment of fees over a period of time.
The following is a general description of the basis for determining distribution fees for ACC’s products:
• | Ameriprise Cash Reserve Certificates have contractual distribution fee rates of 0.03% of the initial payment on the issue date of the certificate and 0.03% of the certificate’s reserve at the beginning of the second and subsequent quarters from issue date. |
• | Ameriprise Flexible Savings Certificates have contractual distribution fee rates of 0.08% of the initial investment amount on the first day of the certificate’s term and 0.08% of the certificate’s reserve at the beginning of the second and subsequent quarters from issue date or at the end of the renewal grace period when the renewal corresponds with the quarterly reserve payment for all terms except seven and thirteen months. For seven month terms, Ameriprise Flexible Savings Certificates have contractual distribution fee rates of 0.08% of the initial investment amount on the first day of the certificate’s term, 0.08% of the certificate’s reserve at the beginning of the second quarter from issue date and 0.027% of the certificate’s reserve at the beginning of the last month of the certificate term. For thirteen month terms, Ameriprise Flexible Savings Certificates have contractual distribution fee rates of 0.032% of the initial investment amount on the first day of the certificate’s term, 0.032% of the certificate’s reserve at the beginning of the second, third and fourth quarters from issue date and 0.011% of the certificate’s reserve at the beginning of the last month of the certificate term. |
• | Ameriprise Stock Market Certificates have contractual distribution fee rates of 0.50%, 1.00% and 1.50% for the 52, 104 and 156 week terms, respectively, of each payment made prior to the beginning of the first certificate’s participation term and of the certificate’s reserve at the beginning of each subsequent participation term. |
F-21
• | Ameriprise Market Strategy Certificates have contractual distribution fee rates of 0.50% of the certificate’s reserve at the beginning of each participation term. |
• | Ameriprise Installment Certificates have contractual distribution fee rates of 0.50% of all payments received on or after issue of the certificate until the certificate’s maturity date. |
• | Ameriprise Step-Up Rate Certificates have contractual distribution fee rates of 0.075% of the initial investment amount on the first day of the certificate’s term and 0.075% of the certificate’s reserve at the beginning of the second and subsequent quarters from issue date or at the end of the renewal grace period when the renewal corresponds with the quarterly reserve payment. |
Investment Advisory and Services
CMIA provides investment advice, operational support and other administrative services to ACC. The agreement provides for a graduated scale of fees equal on an annual basis to 0.35% on the first $250 million of net invested assets of ACC (as defined in the agreement), 0.30% on the next $250 million, 0.25% on the next $500 million and 0.20% on the amount in excess of $1 billion. The fee is payable monthly in an amount equal to one-twelfth of each of the percentages set forth above.
The fee paid to CMIA for managing and servicing syndicated loans, which are excluded from the computation of net invested assets above, is equal to 0.35%. The fee is payable monthly and is equal to one-twelfth of 0.35%, computed each month on the basis of the loans amortized cost less the allowance for loan losses and payable for loans purchased as of the close of business on the last full business day of the preceding month.
Transfer Agent Fees
The basis of computing transfer agent fees paid or payable to Columbia Management Investment Services Corp. (“CMIS”) is under a Transfer Agent Agreement to maintain certificate owner accounts and records. ACC pays CMIS a monthly fee of one-twelfth of $30.00 per certificate account for this service in addition to certain out-of-pocket expenses.
Depository Fees
ATC has an agreement with a subcustodian to provide depository services for ACC’s assets. The depository fees paid to ATC are asset-based with additional charges for transactional custody fees charged by the subcustodian.
ACC’s fees payable for distribution, investment advisory, transfer agent and depository services are included in Due to related party on the Consolidated Balance Sheets. The fees ACC incurred for these services are included in Ameriprise Financial and affiliated company fees on the Consolidated Statements of Operations.
8. Fair Values of Assets and Liabilities
GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; that is, an exit price. The exit price assumes the asset or liability is not exchanged subject to a forced liquidation or distressed sale.
Valuation Hierarchy
ACC categorizes its fair value measurements according to a three-level hierarchy. The hierarchy prioritizes the inputs used by ACC’s valuation techniques. A level is assigned to each fair value measurement based on the lowest level input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are defined as follows:
Level 1 | Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date. |
Level 2 | Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities. |
Level 3 | Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. |
F-22
The following tables present the balances of assets and liabilities measured at fair value on a recurring basis:
December 31, 2019 | |||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
(in thousands) | |||||||||||||||
Assets | |||||||||||||||
Cash equivalents | $ | — | $ | 365,867 | $ | — | $ | 365,867 | |||||||
Available-for-Sale securities: | |||||||||||||||
Residential mortgage backed securities | — | 3,059,718 | — | 3,059,718 | |||||||||||
Corporate debt securities | — | 510,567 | 14,270 | 524,837 | |||||||||||
Commercial mortgage backed securities | — | 1,450,891 | — | 1,450,891 | |||||||||||
Asset backed securities | — | 624,869 | 4,834 | 629,703 | |||||||||||
State and municipal obligations | — | 32,740 | — | 32,740 | |||||||||||
U.S. government and agency obligations | 1,678,883 | — | — | 1,678,883 | |||||||||||
Total Available-for-Sale securities | 1,678,883 | 5,678,785 | 19,104 | 7,376,772 | |||||||||||
Equity securities | — | 116 | 72 | 188 | |||||||||||
Equity derivative contracts | 6 | 56,038 | — | 56,044 | |||||||||||
Total assets at fair value | $ | 1,678,889 | $ | 6,100,806 | $ | 19,176 | $ | 7,798,871 | |||||||
Liabilities | |||||||||||||||
Stock market certificate embedded derivatives | $ | — | $ | 13,961 | $ | — | $ | 13,961 | |||||||
Equity derivative contracts | — | 43,598 | — | 43,598 | |||||||||||
Total liabilities at fair value | $ | — | $ | 57,559 | $ | — | $ | 57,559 |
December 31, 2018 | |||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
(in thousands) | |||||||||||||||
Assets | |||||||||||||||
Cash equivalents | $ | — | $ | 360,580 | $ | — | $ | 360,580 | |||||||
Available-for-Sale securities: | |||||||||||||||
Residential mortgage backed securities | — | 2,991,115 | 62,588 | 3,053,703 | |||||||||||
Corporate debt securities | — | 976,975 | 41,842 | 1,018,817 | |||||||||||
Commercial mortgage backed securities | — | 1,178,193 | 19,787 | 1,197,980 | |||||||||||
Asset backed securities | — | 662,731 | — | 662,731 | |||||||||||
State and municipal obligations | — | 61,590 | — | 61,590 | |||||||||||
U.S. government and agency obligations | 1,739,929 | — | — | 1,739,929 | |||||||||||
Total Available-for-Sale securities | 1,739,929 | 5,870,604 | 124,217 | 7,734,750 | |||||||||||
Equity securities | — | 466 | — | 466 | |||||||||||
Equity derivative contracts | 6 | 13,173 | — | 13,179 | |||||||||||
Total assets at fair value | $ | 1,739,935 | $ | 6,244,823 | $ | 124,217 | $ | 8,108,975 | |||||||
Liabilities | |||||||||||||||
Stock market certificate embedded derivatives | $ | — | $ | 6,145 | $ | — | $ | 6,145 | |||||||
Equity derivative contracts | — | 8,209 | — | 8,209 | |||||||||||
Total liabilities at fair value | $ | — | $ | 14,354 | $ | — | $ | 14,354 |
F-23
The following tables provide a summary of changes in Level 3 assets measured at fair value on a recurring basis:
Available-for-Sale Securities | Equity Securities | |||||||||||||||||||||||
Residential Mortgage Backed Securities | Corporate Debt Securities | Commercial Mortgage Backed Securities | Asset Backed Securities | Total | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Balance, January 1, 2019 | $ | 62,588 | $ | 41,842 | $ | 19,787 | $ | — | $ | 124,217 | $ | — | ||||||||||||
Total gains (losses) included in: | ||||||||||||||||||||||||
Net income | 21 | (56 | ) | — | 17 | (18 | ) | (1) | (273 | ) | (2) | |||||||||||||
Other comprehensive income (loss) | 116 | 484 | — | (11 | ) | 589 | — | |||||||||||||||||
Purchases | 72,883 | — | — | — | 72,883 | — | ||||||||||||||||||
Settlements | (6,881 | ) | (28,000 | ) | — | — | (34,881 | ) | — | |||||||||||||||
Transfers into Level 3 | — | — | — | 4,828 | 4,828 | 465 | ||||||||||||||||||
Transfers out of Level 3 | (128,727 | ) | — | (19,787 | ) | — | (148,514 | ) | (120 | ) | ||||||||||||||
Balance, December 31, 2019 | $ | — | $ | 14,270 | $ | — | $ | 4,834 | $ | 19,104 | $ | 72 | ||||||||||||
Changes in unrealized gains (losses) relating to assets held at December 31, 2019 | $ | — | $ | (46 | ) | $ | — | $ | 17 | $ | (29 | ) | (1) | $ | (276 | ) | (2) |
Available-for-Sale Securities | Equity Securities | |||||||||||||||||||||||
Residential Mortgage Backed Securities | Corporate Debt Securities | Commercial Mortgage Backed Securities | Asset Backed Securities | Total | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Balance, January 1, 2018 | $ | 68,710 | $ | 67,341 | $ | — | $ | — | $ | 136,051 | $ | 28 | ||||||||||||
Total gains (losses) included in: | ||||||||||||||||||||||||
Net income | 18 | (229 | ) | 1 | — | (210 | ) | (1) | — | |||||||||||||||
Other comprehensive income (loss) | (389 | ) | (270 | ) | (1 | ) | — | (660 | ) | — | ||||||||||||||
Purchases | 59,999 | — | 59,787 | 12,333 | 132,119 | — | ||||||||||||||||||
Settlements | (23,352 | ) | (25,000 | ) | — | — | (48,352 | ) | — | |||||||||||||||
Transfers out of Level 3 | (42,398 | ) | — | (40,000 | ) | (12,333 | ) | (94,731 | ) | (28 | ) | |||||||||||||
Balance, December 31, 2018 | $ | 62,588 | $ | 41,842 | $ | 19,787 | $ | — | $ | 124,217 | $ | — | ||||||||||||
Changes in unrealized gains (losses) relating to assets held at December 31, 2018 | $ | 104 | $ | (61 | ) | $ | 1 | $ | — | $ | 44 | (1) | $ | — |
Available-for-Sale Securities | ||||||||||||||||||||||||
Residential Mortgage Backed Securities | Corporate Debt Securities | Commercial Mortgage Backed Securities | Asset Backed Securities | Common Stocks | Total | |||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Balance, January 1, 2017 | $ | 153,183 | $ | 154,156 | $ | — | $ | 30,788 | $ | 717 | $ | 338,844 | ||||||||||||
Total gains (losses) included in: | ||||||||||||||||||||||||
Net income | 100 | (451 | ) | — | 6 | 123 | (222 | ) | (3) | |||||||||||||||
Other comprehensive income (loss) | 168 | (545 | ) | — | 61 | 188 | (128 | ) | ||||||||||||||||
Purchases | 65,138 | 13,481 | 30,000 | 374 | — | 108,993 | ||||||||||||||||||
Sales | — | — | — | — | (249 | ) | (249 | ) | ||||||||||||||||
Settlements | (36,642 | ) | (99,300 | ) | — | (13,625 | ) | — | (149,567 | ) | ||||||||||||||
Transfers into Level 3 | 20,182 | — | — | 16,232 | 3,568 | 39,982 | ||||||||||||||||||
Transfers out of Level 3 | (133,419 | ) | — | (30,000 | ) | (33,836 | ) | (4,319 | ) | (201,574 | ) | |||||||||||||
Balance, December 31, 2017 | $ | 68,710 | $ | 67,341 | $ | — | $ | — | $ | 28 | $ | 136,079 | ||||||||||||
Changes in unrealized gains (losses) relating to assets held at December 31, 2017 | $ | — | $ | (383 | ) | $ | — | $ | — | $ | — | $ | (383 | ) | (1) |
(1) Included in investment income in the Consolidated Statements of Operations.
(2) Included in net realized gain (loss) on investments in the Consolidated Statements of Operations.
(3) Represents a $0.1 million gain included in net realized gain (loss) on investments and a $0.3 million loss included in investment income in the Consolidated Statements of Operations.
F-24
Securities transferred from Level 3 primarily represent securities with fair values that are now obtained from a third-party pricing service with observable inputs. Securities transferred to Level 3 represent securities with fair values that are now based on a single non-binding broker quote.
The following tables provide a summary of the significant unobservable inputs used in the fair value measurements developed by ACC or reasonably available to ACC of Level 3 assets:
December 31, 2019 | |||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range | Weighted Average | |||||||
(in thousands) | |||||||||||
Corporate debt securities (private placements) | $ | 14,267 | Discounted cash flow | Yield/spread to U.S. Treasuries | 0.9% - 1.1% | 1.0% |
December 31, 2018 | |||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range | Weighted Average | |||||||
(in thousands) | |||||||||||
Corporate debt securities (private placements) | $ | 41,839 | Discounted cash flow | Yield/spread to U.S. Treasuries | 1.2% - 1.6% | 1.3% |
Level 3 measurements not included in the table above are obtained from non-binding broker quotes where unobservable inputs utilized in the fair value calculation are not reasonably available to ACC.
Uncertainty of Fair Value Measurements
Significant increases (decreases) in the yield/spread to U.S. Treasuries used in the fair value measurement of Level 3 corporate debt securities in isolation would have resulted in a significantly lower (higher) fair value measurement.
Determination of Fair Value
ACC uses valuation techniques consistent with the market and income approaches to measure the fair value of its assets and liabilities. ACC’s market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. ACC’s income approach uses valuation techniques to convert future projected cash flows to a single discounted present value amount. When applying either approach, ACC maximizes the use of observable inputs and minimizes the use of unobservable inputs.
The following is a description of the valuation techniques used to measure fair value and the general classification of these instruments pursuant to the fair value hierarchy.
Cash Equivalents
Cash equivalents include highly liquid investments with original or remaining maturities at the time of purchase of 90 days or less. ACC’s cash equivalents are classified as Level 2 and measured at amortized cost, which is a reasonable estimate of fair value because of the short time between the purchase of the instrument and its expected realization.
Available-for-Sale and Equity Securities
When available, the fair value of securities is based on quoted prices in active markets. If quoted prices are not available, fair values are obtained from third-party pricing services, non-binding broker quotes, or other model-based valuation techniques.
Level 1 securities include U.S. Treasuries.
Level 2 securities include residential mortgage backed securities, corporate bonds, commercial mortgage backed securities, asset backed securities, state and municipal obligations and equity securities. The fair value of these Level 2 securities is based on a market approach with prices obtained from third-party pricing services. Observable inputs used to value these securities can include, but are not limited to, reported trades, benchmark yields, issuer spreads and non-binding broker quotes.
Level 3 securities include certain non-agency residential mortgage backed securities, corporate bonds, commercial mortgage backed securities, asset backed securities and equity securities. The fair value of these Level 3 securities is typically based on a single non-binding broker quote. The underlying inputs used for some of the non-binding broker quotes are not readily available to ACC. ACC’s privately placed corporate bonds are typically based on a single non-binding broker quote.
F-25
In consideration of the above, management is responsible for the fair values recorded on the financial statements. Prices received from third-party pricing services are subjected to exception reporting that identifies investments with significant daily price movements as well as no movements. ACC reviews the exception reporting and resolves the exceptions through reaffirmation of the price or recording an appropriate fair value estimate. ACC also performs subsequent transaction testing. ACC performs annual due diligence of third-party pricing services. ACC’s due diligence procedures include assessing the vendor’s valuation qualifications, control environment, analysis of asset-class specific valuation methodologies, and understanding of sources of market observable assumptions and unobservable assumptions, if any, employed in the valuation methodology. ACC also considers the results of its exception reporting controls and any resulting price challenges that arise.
Derivatives
The variation margin on futures contracts is classified as Level 1. The fair value of derivatives that are traded in less active over-the-counter (“OTC”) markets is generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These measurements are classified as Level 2 within the fair value hierarchy and include options. The counterparties’ nonperformance risk associated with uncollateralized derivative assets was immaterial as of December 31, 2019 and 2018. See Note 9 and Note 10 for further information on the credit risk of derivative instruments and related collateral.
Stock Market Certificate Embedded Derivatives
ACC uses various Black-Scholes calculations to determine the fair value of the embedded derivative liability associated with the provisions of its stock market certificates. The inputs to these calculations are primarily market observable and include interest rates, volatilities, and equity index levels. As a result, these measurements are classified as Level 2.
Fair Value on a Nonrecurring Basis
During the reporting periods, there were no material assets or liabilities measured at fair value on a nonrecurring basis.
Assets and Liabilities Not Reported at Fair Value
The following tables provide the carrying value and the estimated fair value of financial instruments that are not reported at fair value. All other financial instruments that are reported at fair value have been included above in the tables with balances of assets and liabilities measured at fair value on a recurring basis.
December 31, 2019 | |||||||||||||||||||
Carrying Value | Fair Value | ||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
(in thousands) | |||||||||||||||||||
Financial Assets | |||||||||||||||||||
Syndicated loans | $ | 146,819 | $ | — | $ | 140,294 | $ | 6,287 | $ | 146,581 | |||||||||
Commercial mortgage loans | 123,040 | — | — | 125,873 | 125,873 | ||||||||||||||
Certificate loans | 216 | — | 216 | — | 216 | ||||||||||||||
Financial Liabilities | |||||||||||||||||||
Certificate reserves | $ | 7,508,362 | $ | — | $ | — | $ | 7,497,180 | $ | 7,497,180 |
December 31, 2018 | |||||||||||||||||||
Carrying Value | Fair Value | ||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
(in thousands) | |||||||||||||||||||
Financial Assets | |||||||||||||||||||
Syndicated loans | $ | 147,744 | $ | — | $ | 130,007 | $ | 11,444 | $ | 141,451 | |||||||||
Commercial mortgage loans | 112,434 | — | — | 111,768 | 111,768 | ||||||||||||||
Certificate loans | 243 | — | 243 | — | 243 | ||||||||||||||
Financial Liabilities | |||||||||||||||||||
Certificate reserves | $ | 7,885,819 | $ | — | $ | — | $ | 7,844,724 | $ | 7,844,724 |
See Note 4 for additional information on syndicated, commercial mortgage and certificate loans. Certificate reserves represent customer deposits for fixed rate certificates and stock market certificates.
F-26
9. Offsetting Assets and Liabilities
Certain derivative instruments are eligible for offset in the Consolidated Balance Sheets. ACC’s derivative instruments are subject to master netting and collateral arrangements and qualify for offset. A master netting arrangement with a counterparty creates a right of offset for amounts due to and from that same counterparty that is enforceable in the event of a default or bankruptcy. ACC’s policy is to recognize amounts subject to master netting arrangements on a gross basis in the Consolidated Balance Sheets.
The following tables present the gross and net information about ACC’s assets subject to master netting arrangements:
December 31, 2019 | |||||||||||||||||||||||
Gross Amounts of Recognized Assets | Gross Amounts Offset in the Consolidated Balance Sheets | Amounts of Assets Presented in the Consolidated Balance Sheets | Gross Amounts Not Offset in the Consolidated Balance Sheets | Net Amount | |||||||||||||||||||
Financial Instruments (1) | Cash Collateral | ||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
Derivatives: | |||||||||||||||||||||||
OTC | $ | 56,038 | $ | — | $ | 56,038 | $ | (43,598 | ) | $ | (12,185 | ) | $ | 255 | |||||||||
Exchange-traded | 6 | — | 6 | — | — | 6 | |||||||||||||||||
Total | $ | 56,044 | $ | — | $ | 56,044 | $ | (43,598 | ) | $ | (12,185 | ) | $ | 261 |
December 31, 2018 | |||||||||||||||||||||||
Gross Amounts of Recognized Assets | Gross Amounts Offset in the Consolidated Balance Sheets | Amounts of Assets Presented in the Consolidated Balance Sheets | Gross Amounts Not Offset in the Consolidated Balance Sheets | Net Amount | |||||||||||||||||||
Financial Instruments (1) | Cash Collateral | ||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
Derivatives: | |||||||||||||||||||||||
OTC | $ | 13,173 | $ | — | $ | 13,173 | $ | (8,209 | ) | $ | (4,553 | ) | $ | 411 | |||||||||
Exchange-traded | 6 | — | 6 | — | — | 6 | |||||||||||||||||
Total | $ | 13,179 | $ | — | $ | 13,179 | $ | (8,209 | ) | $ | (4,553 | ) | $ | 417 |
(1) Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets.
The following tables present the gross and net information about ACC’s liabilities subject to master netting agreements:
December 31, 2019 | |||||||||||||||||||||||
Gross Amounts of Recognized Liabilities | Gross Amounts Offset in the Consolidated Balance Sheets | Amounts of Liabilities Presented in the Consolidated Balance Sheets | Gross Amounts Not Offset in the Consolidated Balance Sheets | Net Amount | |||||||||||||||||||
Financial Instruments (1) | Cash Collateral | ||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
Derivatives: | |||||||||||||||||||||||
OTC | $ | 43,598 | $ | — | $ | 43,598 | $ | (43,598 | ) | $ | — | $ | — | ||||||||||
Total | $ | 43,598 | $ | — | $ | 43,598 | $ | (43,598 | ) | $ | — | $ | — |
December 31, 2018 | |||||||||||||||||||||||
Gross Amounts of Recognized Liabilities | Gross Amounts Offset in the Consolidated Balance Sheets | Amounts of Liabilities Presented in the Consolidated Balance Sheets | Gross Amounts Not Offset in the Consolidated Balance Sheets | Net Amount | |||||||||||||||||||
Financial Instruments (1) | Cash Collateral | ||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
Derivatives: | |||||||||||||||||||||||
OTC | $ | 8,209 | $ | — | $ | 8,209 | $ | (8,209 | ) | $ | — | $ | — | ||||||||||
Total | $ | 8,209 | $ | — | $ | 8,209 | $ | (8,209 | ) | $ | — | $ | — |
(1) Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets.
F-27
In the tables above, the amount of assets or liabilities presented in the Consolidated Balance Sheets are offset first by financial instruments that have the right of offset under master netting or similar arrangements, then any remaining amount is reduced by the amount of cash and securities collateral. The actual amounts of collateral may be greater than amounts presented in the tables.
When the fair value of collateral accepted by ACC is less than the amount due to ACC, there is a risk of loss if the counterparty fails to perform or provide additional collateral. To mitigate this risk, ACC monitors collateral values regularly and requires additional collateral when necessary. When the value of collateral pledged by ACC declines, it may be required to post additional collateral.
Cash collateral accepted by ACC is reflected in other liabilities. See Note 10 for additional disclosures related to ACC’s derivative instruments.
10. Derivatives and Hedging Activities
Derivative instruments enable ACC to manage its exposure to various market risks. The value of such instruments is derived from an underlying variable or multiple variables, including equity and interest rate indices or prices. ACC primarily enters into derivative agreements for risk management purposes related to ACC’s products.
ACC uses derivatives as economic hedges of equity risk related to SMC. ACC does not designate any derivatives for hedge accounting. The following table presents the notional value and the gross fair value of derivative instruments, including embedded derivatives:
December 31, 2019 | December 31, 2018 | ||||||||||||||||||||||
Notional | Gross Fair Value | Notional | Gross Fair Value | ||||||||||||||||||||
Assets | Liabilities | Assets | Liabilities | ||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
Derivatives not designated as hedging instruments | |||||||||||||||||||||||
Equity contracts (1) | $ | 742,387 | $ | 56,044 | $ | 43,598 | $ | 828,182 | $ | 13,179 | $ | 8,209 | |||||||||||
Embedded derivatives | |||||||||||||||||||||||
Stock market certificates (2) | N/A | — | 13,961 | N/A | — | 6,145 | |||||||||||||||||
Total derivatives | $ | 742,387 | $ | 56,044 | $ | 57,559 | $ | 828,182 | $ | 13,179 | $ | 14,354 |
N/A Not applicable
(1) The gross fair value of equity contracts is included in Derivative assets and Derivative liabilities on the Consolidated Balance Sheets.
(2) The gross fair value of SMC embedded derivatives is included in Certificate reserves on the Consolidated Balance Sheets.
See Note 8 for additional information regarding ACC’s fair value measurement of derivative instruments.
The following tables present a summary of the impact of derivatives not designated as hedging instruments, including embedded derivatives, on the Consolidated Statements of Operations:
Derivatives not designated as hedging instruments | Location of Gain (Loss) on Derivatives Recognized in Income | Amount of Gain (Loss) on Derivatives Recognized in Income | ||||||||||||
Years Ended December 31, | ||||||||||||||
2019 | 2018 | 2017 | ||||||||||||
(in thousands) | ||||||||||||||
Equity contracts | ||||||||||||||
Stock market certificates | Net provision for certificate reserves | $ | 10,743 | $ | (3,645 | ) | $ | 4,166 | ||||||
Stock market certificates embedded derivatives | Net provision for certificate reserves | (9,317 | ) | (1) | 4,027 | (4,174 | ) | |||||||
Total | $ | 1,426 | $ | 382 | $ | (8 | ) |
(1) This amount includes the impact of an out-of-period correction recorded in 2019. See Note 1 for more information.
Ameriprise SMC offers a return based upon the relative change in a major stock market index between the beginning and end of the certificate’s term. The SMC product contains an embedded derivative. The equity based return of the certificate must be separated from the host contract and accounted for as a derivative instrument. As a result of fluctuations in equity markets, and the corresponding changes in value of the embedded derivative, the amount of expenses incurred by ACC related to the SMC product will positively or negatively impact reported earnings. As a means of hedging its obligations under the provisions for these certificates, ACC purchases and writes call options on the S&P 500® Index. ACC views this strategy as a prudent management of equity market sensitivity, such that earnings are not exposed to undue risk presented by changes in equity market levels. ACC also purchases futures on the S&P 500® Index to economically hedge its obligations. The futures are marked-to-market daily and exchange traded, exposing ACC to minimal counterparty risk.
F-28
Ameriprise Step-Up Rate Certificates (“SRC”) offer the ability to step up to a higher crediting rate based upon the then-current rate for a new SRC with the same term. ACC does not currently hedge the interest rate risk related to the SRC product. The SRC product contains an embedded derivative, which was not material as of both December 31, 2019 and 2018.
Credit Risk
Credit risk associated with ACC’s derivatives is the risk that a derivative counterparty will not perform in accordance with the terms of the applicable derivative contract. To mitigate such risk, ACC has established guidelines and oversight of credit risk through a comprehensive enterprise risk management program that includes members of senior management. Key components of this program are to require preapproval of counterparties and the use of master netting and collateral arrangements whenever practical. See Note 9 for additional information on ACC’s credit exposure related to derivative assets.
11. Shareholder’s Equity
The following table provides information related to amounts reclassified from AOCI for the years ended December 31:
Accumulated Other Comprehensive Income (Loss) Reclassification | Location of (Gain) Loss Recognized in Income | 2019 | 2018 | |||||||
(in thousands) | ||||||||||
Unrealized net (gains) losses on Available-for-Sale securities | Net realized gain (loss) on investments | $ | (194 | ) | $ | 152 | ||||
Tax expense (benefit) | Income tax expense (benefit) | 41 | (32 | ) | ||||||
Net of tax | $ | (153 | ) | $ | 120 |
ACC received cash contributions of $4.5 million and $32.5 million from Ameriprise Financial during the years ended December 31, 2019 and 2018, respectively. ACC received these contributions to maintain compliance with capital requirements due to growth of the business, and these contributions were outside of the Capital Support Agreement between Ameriprise Financial and ACC. See Note 6 for additional information on the Capital Support Agreement.
ACC paid dividends of $73.7 million and nil to Ameriprise Financial during the years ended December 31, 2019 and 2018, respectively. The dividends for the year ended December 31, 2019 include ACC’s payment of $12.7 million to Ameriprise Financial in the second quarter of 2019 for the settlement of deferred federal income taxes. See Note 1 for more information.
12. Income Taxes
The components of income tax provision were as follows:
Years Ended December 31, | |||||||||||
2019 | 2018 | 2017 | |||||||||
(in thousands) | |||||||||||
Current income tax: | |||||||||||
Federal | $ | 14,167 | $ | 12,995 | $ | 25,319 | |||||
State and local | 2,398 | 1,745 | 3,047 | ||||||||
Total current income tax | 16,565 | 14,740 | 28,366 | ||||||||
Deferred income tax: | |||||||||||
Federal | (2,295 | ) | 913 | 2,016 | |||||||
State and local | (421 | ) | 111 | (192 | ) | ||||||
Total deferred income tax | (2,716 | ) | 1,024 | 1,824 | |||||||
Total income tax provision | $ | 13,849 | $ | 15,764 | $ | 30,190 |
On December 22, 2017, the Tax Act was signed into law. The provision for income taxes for the year ended December 31, 2017 included an expense of $3.4 million due to the enactment of the Tax Act. The $3.4 million expense included: 1) a $3.0 million expense for the remeasurement of deferred tax assets and liabilities to the Tax Act’s statutory rate of 21%; and 2) a $371 thousand expense for the remeasurement of tax contingencies, specifically state tax contingencies and interest accrued for tax contingencies. In 2018, ACC finalized its accounting related to the Tax Act and determined no adjustments were necessary.
F-29
The principal reasons that the aggregate income tax provision is different from that computed by using the U.S. statutory rates of 21% for 2019 and 2018 and 35% for 2017 were as follows:
Years Ended December 31, | ||||||||
2019 | 2018 | 2017 | ||||||
Tax at U.S. statutory rate | 21.0 | % | 21.0 | % | 35.0 | % | ||
Changes in taxes resulting from: | ||||||||
State income tax, net | 2.7 | 2.4 | 2.5 | |||||
Uncertain tax positions | — | 1.8 | — | |||||
Impact of the Tax Act | — | — | 4.6 | |||||
Other | 0.3 | 0.6 | (1.4 | ) | ||||
Income tax provision | 24.0 | % | 25.8 | % | 40.7 | % |
In December 2017, the Tax Act reduced federal income tax rates from 35% to 21% for tax years after 2017. The decrease in the effective tax rate for the year ended December 31, 2019 compared to 2018 was primarily due to a decrease in current year additions to uncertain tax positions. The decrease in the effective tax rate for the year ended December 31, 2018 compared to 2017 was primarily due to the reduced income tax rate.
In June 2019, ACC terminated its agreement with Ameriprise Financial to settle with cash the change in its deferred federal income taxes on a quarterly basis. The final settlement was paid during the second quarter of 2019 and effectively repaid all previous deferred federal income tax settlements that ACC had received. During the years ended December 31, 2019 and 2018, ACC paid Ameriprise Financial $12.7 million and Ameriprise Financial paid ACC $12.4 million, respectively, for the settlement of deferred federal income taxes. Prior to the termination of this agreement, ACC’s deferred federal income taxes were presented net in Taxes receivable from parent or Taxes payable to parent on ACC’s Consolidated Balance Sheets. ACC had net deferred federal income taxes payable to Ameriprise Financial of $1.9 million as of December 31, 2018. See Note 1 for more information.
Deferred income tax assets and liabilities result from temporary differences between the assets and liabilities measured for GAAP reporting versus income tax return purposes. Deferred income tax assets and liabilities are measured at the statutory rate of 21% as of both December 31, 2019 and 2018. The significant components of ACC’s deferred income tax assets and liabilities, which are included in Deferred taxes, net on the Consolidated Balance Sheets, were as follows:
December 31, | |||||||
2019 | 2018 | ||||||
(in thousands) | |||||||
Deferred income tax assets: | |||||||
Certificate reserves | $ | 5,022 | $ | 304 | |||
Investment unrealized losses, net | — | 2,020 | |||||
Other | 162 | 58 | |||||
Total deferred income tax assets | 5,184 | 2,382 | |||||
Deferred income tax liabilities: | |||||||
Investment unrealized gains, net | 3,365 | — | |||||
Investments, including bond discounts and premiums | 831 | 80 | |||||
Total deferred income tax liabilities | 4,196 | 80 | |||||
Net deferred income tax assets | $ | 988 | $ | 2,302 |
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
2019 | 2018 | 2017 | |||||||||
(in thousands) | |||||||||||
Balance at January 1 | $ | 3,770 | $ | 2,531 | $ | 2,486 | |||||
Additions based on tax positions related to the current year | 715 | 1,112 | 1,217 | ||||||||
Additions for tax positions of prior years | — | 127 | 14 | ||||||||
Reductions for tax positions of prior years | (718 | ) | — | (532 | ) | ||||||
Settlements | — | — | (654 | ) | |||||||
Balance at December 31 | $ | 3,767 | $ | 3,770 | $ | 2,531 |
F-30
If recognized, approximately $3.0 million, $3.0 million and $2.0 million, net of federal tax benefits, of the unrecognized tax benefits as of December 31, 2019, 2018 and 2017, respectively, would affect the effective tax rate.
It is reasonably possible that the total amount of unrecognized tax benefits will change in the next 12 months. ACC estimates that the total amount of gross unrecognized tax benefits may decrease by $798 thousand in the next 12 months primarily due to state exams.
ACC recognizes interest and penalties related to unrecognized tax benefits as a component of the income tax provision. ACC recognized increases of $156 thousand and $132 thousand and a decrease of $158 thousand for interest and penalties for the years ended December 31, 2019, 2018 and 2017, respectively. As of December 31, 2019 and 2018, ACC had a payable of $380 thousand and $224 thousand, respectively, related to accrued interest and penalties.
ACC files income tax returns as part of its inclusion in the consolidated federal income tax returns of Ameriprise Financial in the U.S. federal jurisdiction and various states jurisdictions. In the third quarter of 2019, the federal statutes of limitation closed for the 2014 and 2015 tax years. Ameriprise Financial’s tax returns for 2014 and 2015 are effectively settled except for one issue which was claimed on amended returns filed in the second quarter of 2019. The Internal Revenue Service (“IRS”) is currently auditing Ameriprise Financial’s U.S. income tax returns for 2016 and 2017. Ameriprise Financial’s or its subsidiaries’, including ACC’s, state income tax returns are currently under examination by various jurisdictions for years ranging from 2009 through 2017.
13. Contingencies
The level of regulatory activity and inquiry in the financial services industry remains elevated. From time to time, ACC receives requests for information from, and/or has been subject to examination by, both the SEC and the Minnesota Department of Commerce concerning its business activities and practices.
ACC may in the normal course of business be a party to legal, regulatory or arbitration proceedings concerning matters arising in connection with the conduct of its business activities. The outcome of any such proceeding cannot be predicted with any certainty. ACC believes that it is not a party to, nor are any of its properties the subject of, any pending legal, regulatory or arbitration proceedings that are reasonably likely to have a material adverse effect on ACC’s financial condition, results of operations or liquidity. Notwithstanding the foregoing, it is possible that the outcome of any such legal, arbitration or regulatory proceedings could have a material impact on ACC’s results of operations in any particular reporting period as the proceedings are resolved.
F-31
Ameriprise Certificate Company
Part II. Consolidated Financial Schedules
Schedule I — Investments in Securities of Unaffiliated Issuers
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
CASH EQUIVALENTS | |||||||||||||||
COMMERCIAL PAPER | |||||||||||||||
AMERICAN ELECTRIC POWER COMPANY INC | 1/22/2020 | — | % | $ | 15,000 | $ | 14,983 | $ | 14,983 | ||||||
BANK OF NEW YORK MELLON CORP/THE | 1/2/2020 | — | 40,000 | 39,998 | 39,998 | ||||||||||
CENTERPOINT ENERGY INC | 1/2/2020 | — | 35,100 | 35,098 | 35,098 | ||||||||||
CMS ENERGY CORPORATION | 1/2/2020 | — | 21,000 | 20,999 | 20,999 | ||||||||||
CRAWFORD GROUP INC | 1/7/2020 | — | 40,000 | 39,987 | 39,987 | ||||||||||
DUPONT DE NEMOURS INC | 1/16/2020 | — | 44,030 | 43,992 | 43,992 | ||||||||||
EVERSOURCE ENERGY | 1/8/2020 | — | 35,000 | 34,987 | 34,987 | ||||||||||
J M SMUCKER CO | 1/7/2020 | — | 22,800 | 22,792 | 22,792 | ||||||||||
MCKESSON CORP | 1/13/2020 | — | 29,500 | 29,480 | 29,480 | ||||||||||
NISOURCE INC | 1/13/2020 | — | 20,000 | 19,986 | 19,986 | ||||||||||
NISOURCE INC | 1/17/2020 | — | 20,000 | 19,981 | 19,981 | ||||||||||
PPL CORPORATION | 1/3/2020 | — | 4,800 | 4,799 | 4,799 | ||||||||||
PPL CORPORATION | 1/6/2020 | — | 23,600 | 23,594 | 23,594 | ||||||||||
THE SOUTHERN COMPANY | 1/10/2020 | — | 11,200 | 11,194 | 11,194 | ||||||||||
THE SOUTHERN COMPANY | 1/14/2020 | — | 4,000 | 3,997 | 3,997 | ||||||||||
TOTAL COMMERCIAL PAPER | 365,867 | 365,867 | |||||||||||||
TOTAL CASH EQUIVALENTS | 365,867 | 365,867 | |||||||||||||
FIXED MATURITIES | |||||||||||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS | |||||||||||||||
UNITED STATES TREASURY BILL | 1/2/2020 | — | 50,000 | 49,997 | 49,997 | ||||||||||
UNITED STATES TREASURY BILL | 1/30/2020 | — | 50,000 | 49,916 | 49,945 | ||||||||||
UNITED STATES TREASURY BILL | 2/27/2020 | — | 75,000 | 74,779 | 74,827 | ||||||||||
UNITED STATES TREASURY BILL | 3/26/2020 | — | 75,000 | 74,665 | 74,737 | ||||||||||
UNITED STATES TREASURY BILL | 4/23/2020 | — | 60,000 | 59,697 | 59,718 | ||||||||||
UNITED STATES TREASURY BILL | 5/21/2020 | — | 60,000 | 59,635 | 59,648 | ||||||||||
UNITED STATES TREASURY BILL | 6/18/2020 | — | 60,000 | 59,567 | 59,571 | ||||||||||
UNITED STATES TREASURY BILL | 1/9/2020 | — | 50,000 | 49,976 | 49,987 | ||||||||||
UNITED STATES TREASURY BILL | 1/16/2020 | — | 50,000 | 49,957 | 49,972 | ||||||||||
UNITED STATES TREASURY BILL | 1/23/2020 | — | 50,000 | 49,937 | 49,958 | ||||||||||
UNITED STATES TREASURY BILL | 2/6/2020 | — | 75,000 | 74,857 | 74,891 | ||||||||||
UNITED STATES TREASURY BILL | 2/13/2020 | — | 75,000 | 74,828 | 74,871 | ||||||||||
UNITED STATES TREASURY BILL | 2/20/2020 | — | 75,000 | 74,809 | 74,847 | ||||||||||
UNITED STATES TREASURY BILL | 3/5/2020 | — | 75,000 | 74,752 | 74,805 | ||||||||||
UNITED STATES TREASURY BILL | 3/12/2020 | — | 75,000 | 74,725 | 74,783 | ||||||||||
UNITED STATES TREASURY BILL | 3/19/2020 | — | 75,000 | 74,692 | 74,764 | ||||||||||
UNITED STATES TREASURY BILL | 4/2/2020 | — | 75,000 | 74,651 | 74,713 | ||||||||||
UNITED STATES TREASURY BILL | 4/9/2020 | — | 60,000 | 59,730 | 59,752 | ||||||||||
UNITED STATES TREASURY BILL | 4/16/2020 | — | 60,000 | 59,711 | 59,737 | ||||||||||
UNITED STATES TREASURY BILL | 4/30/2020 | — | 60,000 | 59,673 | 59,698 | ||||||||||
UNITED STATES TREASURY BILL | 5/7/2020 | — | 60,000 | 59,679 | 59,683 |
F-32
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
UNITED STATES TREASURY BILL | 5/14/2020 | — | 60,000 | 59,654 | 59,662 | |||||||||
UNITED STATES TREASURY BILL | 5/28/2020 | — | 60,000 | 59,614 | 59,625 | |||||||||
UNITED STATES TREASURY BILL | 6/4/2020 | — | 60,000 | 59,594 | 59,609 | |||||||||
UNITED STATES TREASURY BILL | 6/11/2020 | — | 60,000 | 59,590 | 59,592 | |||||||||
UNITED STATES TREASURY BILL | 6/25/2020 | — | 50,000 | 49,618 | 49,628 | |||||||||
UNITED STATES TREASURY BILL | 7/2/2020 | — | 50,000 | 49,610 | 49,609 | |||||||||
UNITED STATES TREASURY BOND | 11/15/2028 | 5.250 | 200 | 209 | 254 | |||||||||
TOTAL U. S. GOVERNMENT AND AGENCY OBLIGATIONS | 1,678,122 | 1,678,883 | ||||||||||||
STATE AND MUNICIPAL OBLIGATIONS | ||||||||||||||
CARSON CALIFORNIA REDEVELOPMENT AGENCY | 2/1/2020 | 3.757 | 3,205 | 3,205 | 3,209 | |||||||||
FLORIDA ST MID-BAY BRIDGE AUTHORITY | 10/1/2021 | 3.784 | 1,845 | 1,845 | 1,865 | |||||||||
KENTUCKY ST PPTY & BLDGS COMMN | 5/1/2020 | 2.263 | 1,285 | 1,285 | 1,287 | |||||||||
KENTUCKY ST PPTY & BLDGS COMMN | 5/1/2021 | 2.564 | 1,100 | 1,100 | 1,106 | |||||||||
L'ANSE CREUSE MICHIGAN PUBLIC SCHOOLS | 5/1/2020 | 2.159 | 5,000 | 5,000 | 5,007 | |||||||||
MICHIGAN STATE HOUSING DEVELOPMENT | 4/1/2020 | 1.946 | 1,080 | 1,080 | 1,081 | |||||||||
NEW HOPE CULTURAL EDU FACS FIN CORPORATION | 7/1/2020 | 4.125 | 2,810 | 2,810 | 2,705 | |||||||||
PORT OF SEATTLE | 5/1/2020 | 2.007 | 5,000 | 5,000 | 5,003 | |||||||||
STATE OF CONNECTICUT | 9/15/2020 | 3.750 | 4,250 | 4,268 | 4,303 | |||||||||
STATE OF CONNECTICUT | 9/15/2021 | 4.000 | 3,000 | 3,033 | 3,097 | |||||||||
STATE OF CONNECTICUT | 9/15/2022 | 3.471 | 2,000 | 2,000 | 2,071 | |||||||||
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY | 10/1/2020 | 2.250 | 2,000 | 1,996 | 2,006 | |||||||||
TOTAL STATE AND MUNICIPAL OBLIGATIONS | 32,622 | 32,740 |
RESIDENTIAL MORTGAGE BACKED SECURITIES | ||||||||||
AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES | ||||||||||
FANNIE MAE 06-36 GF | 5/25/2036 | 2.092 | 4,159 | 4,174 | 4,130 | |||||
FANNIE MAE 07-46 FB | 5/25/2037 | 2.162 | 1,802 | 1,805 | 1,800 | |||||
FANNIE MAE 09-107 FL | 2/25/2038 | 2.442 | 2,012 | 2,020 | 2,030 | |||||
FANNIE MAE 13-2 KF | 1/25/2037 | 1.972 | 6,919 | 6,907 | 6,843 | |||||
FANNIE MAE AF-2015-22C | 4/25/2045 | 2.041 | 13,534 | 13,488 | 13,477 | |||||
FANNIE MAE AF-2015-42 | 6/25/2055 | 2.021 | 13,025 | 12,956 | 13,007 | |||||
FANNIE MAE AF-2015-91 | 12/25/2045 | 2.061 | 13,716 | 13,656 | 13,630 | |||||
FANNIE MAE FA-2015-4 | 2/25/2045 | 2.041 | 5,339 | 5,345 | 5,318 | |||||
FANNIE MAE FW-2015-84 | 11/25/2045 | 2.041 | 13,957 | 13,938 | 13,900 | |||||
FANNIE MAE 07-6 | 2/25/2037 | 2.242 | 6,211 | 6,221 | 6,225 | |||||
FANNIE MAE 09-101 | 12/25/2039 | 2.632 | 10,336 | 10,487 | 10,495 | |||||
FANNIE MAE 12-133 | 4/25/2042 | 2.042 | 9,390 | 9,362 | 9,259 | |||||
FANNIE MAE 16-2 | 2/25/2056 | 2.189 | 4,372 | 4,366 | 4,371 | |||||
FANNIE MAE 303970 | 9/1/2024 | 6.000 | 112 | 111 | 124 | |||||
FANNIE MAE 545492 | 2/1/2022 | 5.500 | 32 | 32 | 35 | |||||
FANNIE MAE 725558 | 6/1/2034 | 4.463 | 45 | 45 | 47 | |||||
FANNIE MAE 725694 | 7/1/2034 | 3.383 | 164 | 161 | 167 | |||||
FANNIE MAE 725719 | 7/1/2033 | 3.546 | 352 | 350 | 360 |
F-33
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
FANNIE MAE 735034 | 10/1/2034 | 4.017 | 2,938 | 3,088 | 3,053 | |||||
FANNIE MAE 735702 | 7/1/2035 | 4.472 | 2,210 | 2,271 | 2,316 | |||||
FANNIE MAE 794787 | 10/1/2034 | 3.749 | 98 | 99 | 102 | |||||
FANNIE MAE 799733 | 11/1/2034 | 3.573 | 187 | 189 | 194 | |||||
FANNIE MAE 801337 | 9/1/2034 | 3.843 | 1,644 | 1,728 | 1,703 | |||||
FANNIE MAE 801917 | 10/1/2034 | 3.881 | 261 | 262 | 271 | |||||
FANNIE MAE 804561 | 9/1/2034 | 4.320 | 424 | 424 | 446 | |||||
FANNIE MAE 807219 | 1/1/2035 | 3.878 | 914 | 921 | 959 | |||||
FANNIE MAE 809532 | 2/1/2035 | 4.768 | 165 | 166 | 173 | |||||
FANNIE MAE 834552 | 8/1/2035 | 4.117 | 217 | 218 | 227 | |||||
FANNIE MAE 889485 | 6/1/2036 | 4.194 | 2,243 | 2,278 | 2,348 | |||||
FANNIE MAE 922674 | 4/1/2036 | 4.578 | 1,039 | 1,063 | 1,095 | |||||
FANNIE MAE 968438 | 1/1/2038 | 3.655 | 1,037 | 1,089 | 1,080 | |||||
FANNIE MAE 995123 | 8/1/2037 | 4.487 | 916 | 947 | 971 | |||||
FANNIE MAE 995548 | 9/1/2035 | 4.353 | 1,012 | 1,034 | 1,058 | |||||
FANNIE MAE 995604 | 11/1/2035 | 4.068 | 3,560 | 3,746 | 3,736 | |||||
FANNIE MAE 995614 | 8/1/2037 | 3.207 | 816 | 858 | 825 | |||||
FANNIE MAE AB1980 | 12/1/2020 | 3.000 | 361 | 362 | 370 | |||||
FANNIE MAE AB5230 | 5/1/2027 | 2.500 | 6,492 | 6,588 | 6,579 | |||||
FANNIE MAE AD0901 | 4/1/2040 | 4.709 | 3,565 | 3,786 | 3,752 | |||||
FANNIE MAE AE0559 | 12/1/2034 | 3.858 | 2,828 | 2,967 | 2,948 | |||||
FANNIE MAE AE0566 | 8/1/2035 | 4.408 | 2,064 | 2,167 | 2,168 | |||||
FANNIE MAE AF-2016-11 | 3/25/2046 | 2.191 | 6,932 | 6,920 | 6,951 | |||||
FANNIE MAE AF-2016-87 | 11/25/2046 | 2.109 | 9,565 | 9,561 | 9,523 | |||||
FANNIE MAE AF-2016-88 | 12/25/2046 | 2.149 | 7,970 | 7,970 | 7,965 | |||||
FANNIE MAE AF-2018-87 | 12/25/2048 | 2.009 | 27,244 | 27,130 | 26,940 | |||||
FANNIE MAE AF-204620 | 11/15/2042 | 2.149 | 8,423 | 8,408 | 8,425 | |||||
FANNIE MAE AL1037 | 1/1/2037 | 4.628 | 2,145 | 2,279 | 2,265 | |||||
FANNIE MAE AL2269 | 10/1/2040 | 4.168 | 2,387 | 2,537 | 2,522 | |||||
FANNIE MAE AL3935 | 9/1/2037 | 4.267 | 5,615 | 5,926 | 5,892 | |||||
FANNIE MAE AL3961 | 2/1/2039 | 4.502 | 3,320 | 3,501 | 3,465 | |||||
FANNIE MAE AL4100 | 9/1/2036 | 4.249 | 5,691 | 5,990 | 5,959 | |||||
FANNIE MAE AL4110 | 3/1/2037 | 3.874 | 3,825 | 4,016 | 3,994 | |||||
FANNIE MAE AL4114 | 2/1/2039 | 4.442 | 5,483 | 5,809 | 5,792 | |||||
FANNIE MAE AO8746 | 8/1/2027 | 2.500 | 11,592 | 11,871 | 11,746 | |||||
FANNIE MAE ARM 190726 | 3/1/2033 | 4.825 | 68 | 70 | 71 | |||||
FANNIE MAE ARM 249907 | 2/1/2024 | 5.250 | 83 | 83 | 85 | |||||
FANNIE MAE ARM 303259 | 3/1/2025 | 4.627 | 12 | 12 | 12 | |||||
FANNIE MAE ARM 545786 | 6/1/2032 | 4.665 | 179 | 180 | 180 | |||||
FANNIE MAE ARM 620293 | 1/1/2032 | 3.900 | 142 | 141 | 147 | |||||
FANNIE MAE ARM 651629 | 8/1/2032 | 4.143 | 160 | 160 | 166 | |||||
FANNIE MAE ARM 654158 | 10/1/2032 | 3.415 | 137 | 138 | 143 | |||||
FANNIE MAE ARM 655646 | 8/1/2032 | 4.215 | 94 | 94 | 97 | |||||
FANNIE MAE ARM 655798 | 8/1/2032 | 3.736 | 219 | 219 | 230 |
F-34
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
FANNIE MAE ARM 661349 | 9/1/2032 | 4.145 | 83 | 83 | 88 | |||||
FANNIE MAE ARM 661744 | 10/1/2032 | 4.114 | 193 | 194 | 202 | |||||
FANNIE MAE ARM 664750 | 10/1/2032 | 3.613 | 70 | 71 | 73 | |||||
FANNIE MAE ARM 670731 | 11/1/2032 | 3.415 | 373 | 374 | 387 | |||||
FANNIE MAE ARM 670779 | 11/1/2032 | 3.415 | 275 | 277 | 285 | |||||
FANNIE MAE ARM 670890 | 12/1/2032 | 3.290 | 99 | 99 | 100 | |||||
FANNIE MAE ARM 670912 | 12/1/2032 | 3.290 | 106 | 107 | 107 | |||||
FANNIE MAE ARM 670947 | 12/1/2032 | 3.290 | 168 | 169 | 175 | |||||
FANNIE MAE ARM 694852 | 4/1/2033 | 4.565 | 192 | 195 | 199 | |||||
FANNIE MAE ARM 722779 | 9/1/2033 | 3.663 | 317 | 318 | 326 | |||||
FANNIE MAE ARM 733525 | 8/1/2033 | 3.743 | 332 | 320 | 344 | |||||
FANNIE MAE ARM 739194 | 9/1/2033 | 3.812 | 407 | 408 | 424 | |||||
FANNIE MAE ARM 743256 | 10/1/2033 | 3.880 | 112 | 111 | 117 | |||||
FANNIE MAE ARM 743856 | 11/1/2033 | 3.914 | 112 | 112 | 118 | |||||
FANNIE MAE ARM 758873 | 12/1/2033 | 3.607 | 57 | 56 | 59 | |||||
FANNIE MAE AS4507 | 2/1/2030 | 3.000 | 6,996 | 7,223 | 7,223 | |||||
FANNIE MAE AS4878 | 4/1/2030 | 3.000 | 9,948 | 10,264 | 10,271 | |||||
FANNIE MAE BE5622 | 1/1/2032 | 2.500 | 26,768 | 26,971 | 27,078 | |||||
FANNIE MAE BK0933 | 7/1/2033 | 3.500 | 17,975 | 18,179 | 18,670 | |||||
FANNIE MAE CA1265 | 2/1/2033 | 3.000 | 26,222 | 26,088 | 27,035 | |||||
FANNIE MAE CA2283 | 8/1/2033 | 3.500 | 18,691 | 18,664 | 19,481 | |||||
FANNIE MAE DF-2015-38 | 6/25/2055 | 2.001 | 21,517 | 21,378 | 21,399 | |||||
FANNIE MAE DF-2017-16 | 3/25/2047 | 2.129 | 5,427 | 5,449 | 5,414 | |||||
FANNIE MAE F-2019-31 | 7/25/2049 | 2.242 | 41,386 | 41,360 | 41,376 | |||||
FANNIE MAE FA-2013-1 | 2/25/2043 | 2.142 | 11,023 | 11,059 | 10,990 | |||||
FANNIE MAE FA-2015-55 | 8/25/2055 | 2.041 | 9,099 | 9,064 | 9,037 | |||||
FANNIE MAE FA-204624 | 12/15/2038 | 2.159 | 23,366 | 23,317 | 23,385 | |||||
FANNIE MAE FC-2017-51 | 7/25/2047 | 2.142 | 34,823 | 34,928 | 34,571 | |||||
FANNIE MAE FC-2018-73 | 10/25/2048 | 2.092 | 51,385 | 51,230 | 50,894 | |||||
FANNIE MAE FC-2019-76 | 12/25/2049 | 2.292 | 29,776 | 29,767 | 29,743 | |||||
FANNIE MAE FK-2010-123 | 11/25/2040 | 2.242 | 9,958 | 10,046 | 9,922 | |||||
FANNIE MAE FL-2017-4 | 2/25/2047 | 2.159 | 10,324 | 10,324 | 10,342 | |||||
FANNIE MAE FT-2016-84 | 11/25/2046 | 2.292 | 17,241 | 17,398 | 17,240 | |||||
FANNIE MAE GF-204639 | 3/15/2036 | 2.159 | 22,834 | 22,787 | 22,856 | |||||
FANNIE MAE HYBRID ARM 566074 | 5/1/2031 | 4.775 | 259 | 259 | 270 | |||||
FANNIE MAE HYBRID ARM 584507 | 6/1/2031 | 4.599 | 112 | 112 | 118 | |||||
FANNIE MAE KF-2015-27 | 5/25/2045 | 2.092 | 12,064 | 12,030 | 11,997 | |||||
FANNIE MAE MA0598 | 12/1/2020 | 3.500 | 319 | 320 | 330 | |||||
FANNIE MAE MA1144 | 8/1/2027 | 2.500 | 5,641 | 5,784 | 5,707 | |||||
FANNIE MAE MA3391 | 6/1/2033 | 3.000 | 19,382 | 19,201 | 19,885 | |||||
FANNIE MAE WF-2016-68 | 10/25/2046 | 2.159 | 5,913 | 5,920 | 5,906 | |||||
FANNIE MAE_15-50 | 7/25/2045 | 2.041 | 21,539 | 21,517 | 21,445 | |||||
FANNIE MAE_15-93 | 8/25/2045 | 2.142 | 12,328 | 12,294 | 12,255 | |||||
FANNIE MAE_16-11 | 3/25/2046 | 2.259 | 8,949 | 8,959 | 8,962 |
F-35
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
FREDDIE MAC 4159 FD | 1/15/2043 | 2.090 | 6,749 | 6,769 | 6,723 | |||||
FREDDIE MAC 4363 2014 FA | 9/15/2041 | 2.402 | 3,461 | 3,468 | 3,442 | |||||
FREDDIE MAC FB-204495 | 11/15/2038 | 2.041 | 11,899 | 11,847 | 11,858 | |||||
FREDDIE MAC LF-204475 | 4/15/2040 | 2.001 | 2,904 | 2,903 | 2,895 | |||||
FREDDIE MAC WF-204491 | 8/15/2039 | 2.011 | 5,587 | 5,583 | 5,571 | |||||
FREDDIE MAC 1H2520 | 6/1/2035 | 4.668 | 2,985 | 3,157 | 3,154 | |||||
FREDDIE MAC 1N1474 | 5/1/2037 | 4.203 | 257 | 267 | 269 | |||||
FREDDIE MAC 1Q1515 | 11/1/2038 | 4.531 | 11,399 | 12,034 | 11,974 | |||||
FREDDIE MAC 1Q1540 | 6/1/2040 | 4.583 | 4,175 | 4,458 | 4,376 | |||||
FREDDIE MAC 1Q1548 | 8/1/2038 | 4.399 | 5,299 | 5,573 | 5,563 | |||||
FREDDIE MAC 1Q1572 | 5/1/2038 | 4.538 | 8,473 | 8,940 | 8,887 | |||||
FREDDIE MAC 2A-AOT-76 | 10/25/2037 | 2.281 | 6,130 | 6,241 | 6,545 | |||||
FREDDIE MAC 4595 | 10/15/2037 | 2.259 | 7,672 | 7,672 | 7,692 | |||||
FREDDIE MAC 781884 | 8/1/2034 | 4.325 | 326 | 330 | 344 | |||||
FREDDIE MAC 848416 | 2/1/2041 | 4.958 | 4,811 | 5,022 | 5,042 | |||||
FREDDIE MAC 848530 | 9/1/2039 | 4.424 | 2,581 | 2,725 | 2,710 | |||||
FREDDIE MAC 848922 | 4/1/2037 | 4.449 | 2,795 | 2,976 | 2,938 | |||||
FREDDIE MAC 849281 | 8/1/2037 | 4.426 | 4,579 | 4,873 | 4,838 | |||||
FREDDIE MAC AF-204559 | 3/15/2042 | 2.191 | 8,847 | 8,817 | 8,861 | |||||
FREDDIE MAC AF-204615 | 10/15/2038 | 2.059 | 4,941 | 4,926 | 4,938 | |||||
FREDDIE MAC AF-204774 | 7/15/2042 | 2.009 | 9,247 | 9,239 | 9,235 | |||||
FREDDIE MAC ARM 350190 | 5/1/2022 | 4.750 | 12 | 12 | 12 | |||||
FREDDIE MAC ARM 780514 | 5/1/2033 | 4.798 | 165 | 168 | 172 | |||||
FREDDIE MAC ARM 780845 | 9/1/2033 | 4.250 | 92 | 91 | 97 | |||||
FREDDIE MAC ARM 780903 | 9/1/2033 | 4.312 | 160 | 159 | 169 | |||||
FREDDIE MAC ARM 785363 | 2/1/2025 | 4.989 | 21 | 21 | 22 | |||||
FREDDIE MAC ARM 788941 | 12/1/2031 | 4.000 | 6 | 6 | 6 | |||||
FREDDIE MAC ARM 845154 | 7/1/2022 | 4.553 | 12 | 12 | 12 | |||||
FREDDIE MAC ARM 845654 | 2/1/2024 | 4.625 | 45 | 45 | 46 | |||||
FREDDIE MAC ARM 845730 | 11/1/2023 | 4.473 | 67 | 67 | 68 | |||||
FREDDIE MAC ARM 845733 | 4/1/2024 | 4.807 | 49 | 49 | 50 | |||||
FREDDIE MAC ARM 846702 | 10/1/2029 | 4.585 | 7 | 7 | 7 | |||||
FREDDIE MAC C90581 | 8/1/2022 | 5.500 | 38 | 37 | 40 | |||||
FREDDIE MAC C90582 | 9/1/2022 | 5.500 | 30 | 30 | 32 | |||||
FREDDIE MAC F2-20350 | 9/15/2040 | 2.059 | 27,768 | 27,749 | 27,435 | |||||
FREDDIE MAC F4-20328 | 2/15/2038 | 2.131 | 5,462 | 5,466 | 5,397 | |||||
FREDDIE MAC FA-204547 | 9/15/2040 | 2.159 | 7,643 | 7,632 | 7,652 | |||||
FREDDIE MAC FA-204822 | 5/15/2035 | 1.990 | 59,946 | 59,932 | 59,427 | |||||
FREDDIE MAC FD-203928 | 9/15/2041 | 2.160 | 26,077 | 26,261 | 25,949 | |||||
FREDDIE MAC FD-204301 | 7/15/2037 | 2.140 | 9,339 | 9,396 | 9,319 | |||||
FREDDIE MAC FL-204523 | 8/15/2038 | 2.041 | 9,541 | 9,488 | 9,514 | |||||
FREDDIE MAC G16485 | 5/1/2033 | 3.000 | 19,684 | 19,551 | 20,244 | |||||
FREDDIE MAC G30227 | 5/1/2023 | 5.500 | 156 | 158 | 168 | |||||
FREDDIE MAC GF-204367 | 3/15/2037 | 2.059 | 15,407 | 15,382 | 15,311 |
F-36
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
FREDDIE MAC J32518 | 8/1/2030 | 3.000 | 11,590 | 11,954 | 11,954 | |||||
FREDDIE MAC KF-204560 | 7/15/2040 | 2.241 | 12,037 | 12,021 | 11,992 | |||||
FREDDIE MAC WF-204681 | 8/15/2033 | 2.059 | 26,791 | 26,793 | 26,788 | |||||
FREDDIE MAC WF-204697 | 6/15/2038 | 2.059 | 19,840 | 19,847 | 19,821 | |||||
FREDDIE MAC WF-204730 | 8/15/2038 | 2.059 | 39,086 | 38,902 | 38,612 | |||||
FREDDIE MAC_4248 | 5/15/2041 | 2.190 | 10,926 | 10,944 | 10,921 | |||||
FREDDIE MAC_4448 | 5/15/2040 | 2.029 | 8,646 | 8,601 | 8,580 | |||||
GINNIE MAE MF-2016-108 | 8/20/2046 | 2.009 | 1,800 | 1,792 | 1,770 | |||||
GINNIE MAE AF-2014-129 | 10/20/2041 | 2.009 | 5,287 | 5,282 | 5,303 | |||||
GINNIE MAE AF-2014-94 | 11/20/2041 | 2.159 | 3,918 | 3,926 | 3,888 | |||||
GINNIE MAE AF-2015-18 | 2/20/2040 | 2.039 | 9,865 | 9,879 | 9,866 | |||||
GINNIE MAE AF-2018-168 | 12/20/2048 | 2.165 | 43,302 | 43,309 | 43,270 | |||||
GINNIE MAE FA-2014-43 | 3/20/2044 | 2.165 | 15,519 | 15,533 | 15,413 | |||||
GINNIE MAE FA-2016-115 | 8/20/2046 | 2.165 | 32,995 | 33,172 | 32,986 | |||||
GINNIE MAE FB-2013-151 | 2/20/2040 | 2.115 | 19,376 | 19,460 | 19,176 | |||||
GINNIE MAE FC-2009-8 | 2/16/2039 | 2.640 | 11,611 | 11,896 | 11,872 | |||||
GINNIE MAE FC-2018-67 | 5/20/2048 | 2.065 | 14,708 | 14,721 | 14,675 | |||||
GINNIE MAE FD-2018-66 | 5/20/2048 | 2.015 | 8,393 | 8,393 | 8,347 | |||||
GINNIE MAE II 082431 | 12/20/2039 | 4.125 | 3,342 | 3,473 | 3,456 | |||||
GINNIE MAE II 082464 | 1/20/2040 | 4.000 | 1,560 | 1,673 | 1,617 | |||||
GINNIE MAE II 082497 | 3/20/2040 | 4.000 | 2,478 | 2,629 | 2,567 | |||||
GINNIE MAE II 082573 | 7/20/2040 | 3.250 | 3,209 | 3,321 | 3,319 | |||||
GINNIE MAE II 082581 | 7/20/2040 | 3.250 | 4,856 | 5,197 | 5,032 | |||||
GINNIE MAE II 082602 | 8/20/2040 | 3.250 | 7,800 | 8,360 | 8,082 | |||||
GINNIE MAE II 082710 | 1/20/2041 | 4.000 | 2,818 | 2,930 | 2,910 | |||||
GINNIE MAE II 082794 | 4/20/2041 | 3.875 | 4,567 | 4,868 | 4,724 | |||||
GINNIE MAE II ARM 8157 | 3/20/2023 | 4.000 | 25 | 25 | 25 | |||||
GINNIE MAE II ARM 8638 | 6/20/2025 | 3.875 | 46 | 46 | 46 | |||||
GINNIE MAE LF-2015-82 | 4/20/2041 | 2.009 | 5,623 | 5,625 | 5,609 | |||||
TOTAL AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES | 1,363,587 | 1,362,593 | ||||||||
NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES | ||||||||||
ADJUSTABLE RATE MORTGAGE TRUST 04-2 6A1 | 2/25/2035 | 4.222 | 262 | 264 | 266 | |||||
ANGEL OAK MORTGAGE TRUST A1-2017-1 | 1/25/2047 | 2.810 | 1,060 | 1,058 | 1,059 | |||||
ANGEL OAK MORTGAGE TRUST A1-2017-2 | 7/25/2047 | 2.478 | 10,554 | 10,545 | 10,536 | |||||
ANGEL OAK MORTGAGE TRUST A1-2018-2 | 7/27/2048 | 3.674 | 6,794 | 6,787 | 6,857 | |||||
ANGEL OAK MORTGAGE TRUST A1-2018-3 | 9/25/2048 | 3.649 | 14,736 | 14,721 | 14,896 | |||||
ANGEL OAK MORTGAGE TRUST A1-2019-1 | 11/25/2048 | 3.920 | 27,818 | 27,794 | 28,133 | |||||
APS RESECURITIZATION TRUST 1A-2016-3 | 11/27/2066 | 4.042 | 13,798 | 13,744 | 15,594 | |||||
APS RESECURITIZATION TRUST 2A-2015-1 | 8/28/2054 | 2.107 | 429 | 428 | 428 | |||||
APS RESECURITIZATION TRUST 2A-2016-3 | 11/27/2046 | 4.042 | 11,003 | 10,952 | 12,473 | |||||
ARROYO MORTGAGE TRUST A1-2019-1 | 1/25/2049 | 3.805 | 20,626 | 20,614 | 20,774 | |||||
ARROYO MORTGAGE TRUST A1-2019-3 | 10/25/2048 | 2.962 | 16,066 | 16,063 | 15,921 | |||||
BANK OF AMERICA FUNDING CORPORATION 7A1-2015-R4 | 11/27/2045 | 3.441 | 4,881 | 4,865 | 4,916 |
F-37
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
BANK OF AMERICA FUNDING CORPORATION A1-2016-R1 | 3/25/2040 | 2.500 | 13,901 | 13,845 | 13,819 | |||||
BANK OF AMERICA MORTGAGE SECURITY 2004-E 2A6 | 6/25/2034 | 4.777 | 1,477 | 1,469 | 1,487 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A1-2017-RT1 | 3/28/2057 | 3.000 | 9,355 | 9,397 | 9,424 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2016-SPL1 | 4/28/2055 | 4.000 | 17,760 | 18,075 | 18,115 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2016-SPL2 | 6/28/2053 | 4.000 | 18,998 | 19,337 | 19,330 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2017-RT5 | 5/28/2069 | 3.500 | 23,263 | 23,655 | 23,646 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2017-RT6 | 10/28/2057 | 3.500 | 21,199 | 21,524 | 21,399 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2017-SPL1 | 10/28/2064 | 4.000 | 17,484 | 17,910 | 17,881 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2017-SPL2 | 6/28/2054 | 4.000 | 18,670 | 19,134 | 18,992 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2017-SPL3 | 11/28/2053 | 4.000 | 14,333 | 14,689 | 14,667 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2017-SPL4 | 1/28/2055 | 3.500 | 16,610 | 16,896 | 16,795 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2017-SPL5 | 6/28/2057 | 3.500 | 18,798 | 19,190 | 19,087 | |||||
BCAP LLC TRUST 3A1-2014-RR2 | 9/26/2046 | 3.284 | 1,640 | 1,626 | 1,647 | |||||
BCAP LLC TRUST 4A1-2013-RR7 | 12/27/2034 | 4.162 | 1,034 | 1,035 | 1,038 | |||||
BRAVO RESIDENTIAL FUNDING TRUST A1-2019-NQM2 | 11/25/2059 | 2.748 | 24,060 | 24,060 | 24,018 | |||||
BUNKER HILL LOAN DEPOSITARY A1-2019-1 | 10/26/2048 | 3.613 | 19,794 | 19,784 | 19,812 | |||||
BUNKER HILL LOAN DEPOSITARY A1-2019-2 | 7/25/2049 | 2.880 | 22,842 | 22,835 | 22,692 | |||||
BUNKER HILL LOAN DEPOSITARY A1-2019-3 | 11/25/2059 | 2.724 | 14,852 | 14,851 | 14,837 | |||||
CENTEX HOME EQUITY 2003-A AF4 | 12/25/2031 | 4.250 | 985 | 978 | 991 | |||||
CHASE MORTGAGE FINANCE 07-A1 1A5 | 2/25/2037 | 4.574 | 2,490 | 2,468 | 2,531 | |||||
CITIGROUP MORTGAGE LOAN TRUST 1A1-2014-11 | 10/25/2035 | 4.417 | 2,556 | 2,565 | 2,561 | |||||
CITIGROUP MORTGAGE LOAN TRUST 1A1-2015-11 | 3/25/2035 | 4.021 | 7,611 | 7,635 | 7,741 | |||||
CITIGROUP MORTGAGE LOAN TRUST 1A1-2015-9 | 2/20/2036 | 3.716 | 1,069 | 1,069 | 1,067 | |||||
CITIGROUP MORTGAGE LOAN TRUST 2A1-2015-9 | 2/25/2036 | 3.979 | 3,506 | 3,508 | 3,509 | |||||
CITIGROUP MORTGAGE LOAN TRUST 3A1-2015-5 | 8/25/2034 | 4.195 | 3,657 | 3,684 | 3,733 | |||||
CITIGROUP MORTGAGE LOAN TRUST 4A1-2015-5 | 4/20/2035 | 3.900 | 7,465 | 7,488 | 7,513 | |||||
CITIGROUP MORTGAGE LOAN TRUST 5A1-2015-5 | 1/25/2036 | 2.208 | 1,472 | 1,461 | 1,464 | |||||
CITIGROUP MORTGAGE LOAN TRUST A1-2015-PS1 | 9/25/2042 | 3.750 | 7,013 | 7,090 | 7,145 | |||||
CITIGROUP MORTGAGE LOAN TRUST A1-2019-IMC1 | 7/25/2049 | 2.720 | 31,402 | 31,378 | 31,297 | |||||
CITIGROUP MORTGAGE LOAN TRUST A4-2015-A | 6/25/2058 | 4.250 | 487 | 503 | 505 | |||||
COLT FUNDING LLC A1-2018-4 | 12/28/2048 | 4.006 | 11,251 | 11,244 | 11,297 | |||||
COLT FUNDING LLC A1-2019-1 | 3/25/2049 | 3.705 | 17,987 | 17,979 | 18,076 | |||||
COLT FUNDING LLC_ A1-2019-3 | 8/25/2049 | 2.764 | 8,154 | 8,152 | 8,148 | |||||
COMMERCIAL TRUST CORPORATION A-2017-7 | 4/25/2057 | 3.000 | 11,450 | 11,507 | 11,495 | |||||
COUNTRYWIDE HOME LOANS 03-46 4A1 | 1/19/2034 | 3.910 | 2,214 | 2,264 | 2,240 | |||||
COUNTYWIDE ALTERNATIVE LOAN 04-33 2A1 | 12/25/2034 | 3.904 | 80 | 81 | 83 | |||||
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES 04-AR3 | 4/25/2034 | 4.260 | 1,555 | 1,574 | 1,591 | |||||
CREDIT SUISSE MORTGAGE CAPITAL 10-17R 1A1 | 6/26/2036 | 4.254 | 203 | 203 | 203 | |||||
CREDIT SUISSE MORTGAGE CAPITAL 3A1-2015-7R | 10/27/2036 | 1.932 | 8,566 | 8,380 | 8,397 | |||||
CREDIT SUISSE MORTGAGE CAPITAL A6-2015-1R | 12/27/2035 | 4.121 | 1,835 | 1,839 | 1,850 | |||||
CREDIT SUISSE MORTGAGE CAPITAL CLASS-20-125 | 7/25/2049 | 2.573 | 37,439 | 37,428 | 37,296 | |||||
CREDIT SUISSE MORTGAGE CAPTIAL 15A1-2014-11 | 1/27/2036 | 3.895 | 2,852 | 2,852 | 2,869 | |||||
CREDIT SUISSE MORTGAGE CAPTIAL 1A1-2015-6R | 7/27/2035 | 4.343 | 4,599 | 4,621 | 4,695 | |||||
CREDIT SUISSE MORTGAGE CAPTIAL 5A1-2014-5R | 7/27/2037 | 2.500 | 650 | 650 | 647 |
F-38
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
CREDIT SUISSE MORTGAGE CAPTIAL A1-2017-FHA1 | 4/25/2047 | 3.250 | 15,424 | 15,580 | 15,416 | |||||
CREDIT SUISSE MORTGAGE TRUST A1-2017-RPL1 | 7/25/2057 | 2.750 | 16,929 | 16,911 | 16,778 | |||||
CREDIT SUISSE MORTGAGE TRUST A1-2017-RPL3 | 8/1/2057 | 4.000 | 35,761 | 37,000 | 37,288 | |||||
CREDIT SUISSE MORTGAGE TRUST A1-2019-NQM1 | 10/25/2059 | 2.656 | 9,650 | 9,650 | 9,646 | |||||
DEEPHAVEN RESIDENTIAL MORTGAGE A1-2017-1A | 12/26/2046 | 2.725 | 5,104 | 5,098 | 5,081 | |||||
DEEPHAVEN RESIDENTIAL MORTGAGE A1-2017-2A | 6/25/2047 | 2.453 | 8,937 | 8,930 | 8,923 | |||||
DEEPHAVEN RESIDENTIAL MORTGAGE A1-2017-3A | 10/25/2047 | 2.577 | 3,894 | 3,890 | 3,892 | |||||
DEEPHAVEN RESIDENTIAL MORTGAGE A1-2018-4A | 10/25/2058 | 4.080 | 23,555 | 23,525 | 23,691 | |||||
DEEPHAVEN RESIDENTIAL MORTGAGE A1-2019-1A | 1/25/2059 | 3.743 | 26,002 | 25,988 | 26,201 | |||||
ELLINGTON FINANCIAL MORTGAGE A1-2019-2 | 11/25/2059 | 2.739 | 24,447 | 24,446 | 24,367 | |||||
FIRST HORIZON ALTERNATIVE MORTGAGE 04-AA4 A1 | 10/25/2034 | 3.973 | 385 | 389 | 386 | |||||
GMAC MORTGAGE CORPORATION LOAN 2004-AR2 3A | 8/19/2034 | 4.662 | 386 | 387 | 380 | |||||
GMAC MORTGAGE CORPORATION LOAN 2004-AR2 5A1 | 8/19/2034 | 4.665 | 271 | 271 | 275 | |||||
GOLDMAN SACHS MORTGAGE SECURITIES CORPORATION 05-AR1 2A1 | 1/25/2035 | 4.094 | 1,202 | 1,206 | 1,199 | |||||
GOLDMAN SACHS MORTGAGE SECURITIES CORPORATION 2A-2014-4R | 8/26/2035 | 4.446 | 1,595 | 1,600 | 1,604 | |||||
GOLDMAN SACHS MORTGAGE SECURITIES CORPORATION A1A-2018-RPL | 10/25/2057 | 3.750 | 13,217 | 13,046 | 13,496 | |||||
GOVERNMENTAL COLLECTORS ASSOCIATION OF TEXAS A1-2019-NQM2 | 9/25/2059 | 2.855 | 36,976 | 36,970 | 36,782 | |||||
GOVERNMENTAL COLLECTORS ASSOCIATION OF TEXAS A1-2019-NQM3 | 11/25/2059 | 2.686 | 19,755 | 19,753 | 19,649 | |||||
HARBORVIEW MORTGAGE LOAN TRUST 04-10 4A | 1/19/2035 | 4.021 | 301 | 304 | 301 | |||||
HARBORVIEW MORTGAGE LOAN TRUST 04-7 3A1 | 11/19/2034 | 3.914 | 455 | 452 | 459 | |||||
HARBORVIEW MORTGAGE LOAN TRUST 2004-1 4A | 4/19/2034 | 4.247 | 258 | 259 | 265 | |||||
HARBORVIEW MORTGAGE LOAN TRUST 2004-4 3A | 6/19/2034 | 2.816 | 47 | 46 | 46 | |||||
HARBORVIEW MORTGAGE LOAN TRUST 2004-6 5A | 8/19/2034 | 4.675 | 134 | 133 | 133 | |||||
HOMEWARD OPPORTUNITIES A1-2018-2 | 11/25/2058 | 3.985 | 29,330 | 29,312 | 29,803 | |||||
HOMEWARD OPPORTUNITIES FUND I A1-2018-1 | 6/25/2048 | 3.766 | 12,375 | 12,366 | 12,504 | |||||
J.P. MORGAN MORTGAGE TRUST A11-2019-LTV | 12/25/2049 | 2.692 | 8,592 | 8,592 | 8,557 | |||||
JEFFERIES & CO A1-2015-R1 | 12/26/2036 | 1.848 | 2,728 | 2,672 | 2,691 | |||||
MERRILL LYNCH MORTGAGE INVESTORS 03-A5 2A6A | 8/25/2033 | 4.167 | 590 | 588 | 598 | |||||
MERRILL LYNCH MORTGAGE INVESTORS 04-1 2A2 | 12/25/2034 | 3.944 | 216 | 217 | 212 | |||||
MERRILL LYNCH MORTGAGE INVESTORS 05-A1 2A | 12/25/2034 | 4.221 | 350 | 351 | 362 | |||||
MERRILL LYNCH MORTGAGE INVESTORS 05-A2 A2 | 2/25/2035 | 4.359 | 814 | 814 | 805 | |||||
METLIFE SECURITIZATION TRUST A-2017-1A | 4/25/2055 | 3.000 | 15,210 | 15,332 | 15,380 | |||||
METLIFE SECURITIZATION TRUST A-2018-1A | 3/25/2057 | 3.750 | 13,682 | 13,699 | 14,212 | |||||
MFA TRUST A1-2017-RPL1 | 2/25/2057 | 2.588 | 15,758 | 15,745 | 15,703 | |||||
MILL CITY MORTGAGE LOAN TRUST A1-2016-1 | 4/25/2057 | 2.500 | 8,635 | 8,654 | 8,632 | |||||
MILL CITY MORTGAGE LOAN TRUST A1-2017-1 | 11/25/2058 | 2.750 | 18,207 | 18,154 | 18,272 | |||||
MILL CITY MORTGAGE LOAN TRUST A1-2017-2 | 7/25/2059 | 2.750 | 20,185 | 20,291 | 20,257 | |||||
MILL CITY MORTGAGE LOAN TRUST A1-2017-3 | 1/25/2061 | 2.750 | 20,684 | 20,752 | 20,748 | |||||
MILL CITY MORTGAGE LOAN TRUST A1-2018-3 | 8/25/2058 | 3.500 | 7,387 | 7,589 | 7,559 | |||||
MILL CITY MORTGAGE LOAN TRUST A1-2019-1 | 10/25/2069 | 3.250 | 9,892 | 10,012 | 10,075 | |||||
MILL CITY MORTGAGE TRUST A1-2019-GS1 | 7/25/2059 | 2.750 | 14,509 | 14,575 | 14,582 | |||||
MORGAN STANLEY MORTGAGE LOAN 04-10AR A1 | 11/25/2034 | 4.453 | 259 | 261 | 266 | |||||
MORGAN STANLEY MORTGAGE LOAN PT2A | 11/25/2034 | 4.126 | 386 | 392 | 389 | |||||
MORGAN STANLEY REREMIC TRUST 2014-R6 A | 9/26/2035 | 4.339 | 2,819 | 2,821 | 2,850 |
F-39
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
MORGAN STANLEY REREMIC TRUST 2A-2014-R4 | 8/26/2034 | 4.288 | 4,754 | 4,778 | 4,812 | |||||
MORGAN STANLEY REREMIC TRUST 2A-2015-R7 | 6/26/2035 | 4.365 | 2,991 | 2,997 | 3,101 | |||||
MORGAN STANLEY REREMIC TRUST 3A-2014-R4 | 8/26/2034 | 4.174 | 4,042 | 4,059 | 4,071 | |||||
MORGAN STANLEY REREMIC TRUST 5A-2013-R9 | 6/26/2046 | 1.965 | 4,551 | 4,488 | 4,481 | |||||
MORGAN STANLEY REREMIC TRUST A-2014-R7 | 1/26/2051 | 3.000 | 9,369 | 9,250 | 9,355 | |||||
NATIONSTAR MORTGAGE LOAN TRUST A-2013-A | 12/25/2052 | 3.750 | 1,370 | 1,395 | 1,392 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRSUT A1-2017-6A | 8/27/2057 | 4.000 | 13,784 | 14,168 | 14,297 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A1-2016-1A | 3/25/2056 | 3.750 | 9,925 | 10,158 | 10,211 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A1-2016-2 | 9/25/2056 | 3.750 | 17,701 | 18,253 | 18,215 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A1-2016-2A | 11/26/2035 | 3.750 | 6,885 | 7,034 | 7,107 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A1-2016-4A | 11/25/2056 | 3.750 | 18,330 | 18,782 | 18,895 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A1-2017-1A | 2/25/2057 | 4.000 | 15,611 | 15,978 | 16,210 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A1-2017-3A | 4/25/2057 | 4.000 | 19,808 | 20,446 | 20,582 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A1-2019-NQM4 | 9/25/2059 | 2.492 | 8,590 | 8,590 | 8,555 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A3-2014-3 | 11/25/2054 | 3.750 | 2,932 | 2,991 | 3,020 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A3-2017-2A | 3/25/2057 | 4.000 | 18,634 | 19,246 | 19,438 | |||||
NOMURA RESECURITIZATION TRUST 1A1-2015-6R | 4/26/2037 | 1.966 | 2,603 | 2,560 | 2,579 | |||||
NOMURA RESECURITIZATION TRUST 3A1-2014-7R | 1/26/2036 | 3.956 | 1,705 | 1,713 | 1,724 | |||||
NOMURA RESECURITIZATION TRUST 4A1-2015-4R | 3/26/2037 | 4.172 | 3,391 | 3,388 | 3,429 | |||||
ONSLOW BAY FINANCIAL 2A1A-2018-EX | 4/25/2048 | 2.642 | 10,670 | 10,670 | 10,574 | |||||
ONSLOW BAY FINANCIAL LLC 2A1A-2019-EX | 10/25/2059 | 2.692 | 10,217 | 10,217 | 10,217 | |||||
ONSLOW BAY FINANCIAL LLC 2A1A-2019-EX | 1/25/2059 | 2.755 | 11,365 | 11,385 | 11,364 | |||||
RBSSP RESECURITIZATION TRUST 12-6 8A1 | 4/26/2035 | 2.292 | 770 | 763 | 770 | |||||
RBSSP RESECURITIZATION TRUST 19A1-2009-12 | 12/25/2035 | 3.554 | 3,354 | 3,351 | 3,397 | |||||
RCO MORTGAGE LLC A1-2018-VFS1 | 12/26/2053 | 4.270 | 33,534 | 33,520 | 34,069 | |||||
RESIDENTIAL MORTGAGE LOAN TRUST A1-2019-1 | 10/25/2058 | 3.936 | 26,055 | 26,035 | 26,344 | |||||
RESIDENTIAL MORTGAGE LOAN TRUST A1-2019-2 | 5/25/2059 | 2.913 | 29,333 | 29,332 | 29,290 | |||||
RESIDENTIAL MORTGAGE LOAN TRUST A1-2019-3 | 9/25/2059 | 2.633 | 28,862 | 28,857 | 28,781 | |||||
STAR A1-2018-IMC1 | 3/25/2048 | 3.793 | 21,427 | 21,413 | 21,491 | |||||
STARWOOD MORTGAGE RESIDENTIAL A1-2018-IMC2 | 10/25/2048 | 4.121 | 29,157 | 29,134 | 29,888 | |||||
STARWOOD MORTGAGE RESIDENTIAL A1-202019-IN | 8/25/2049 | 2.610 | 20,874 | 20,870 | 20,734 | |||||
STRUCTURED ASSET INVESTMENT LOAN TRUST M1-2003-BC5 | 6/25/2033 | 2.948 | 3,003 | 2,924 | 3,012 | |||||
STRUCTURED ASSET SECURITIES CORPORATION 03-24A 5A | 7/25/2033 | 4.178 | 313 | 316 | 317 | |||||
TOWD POINT MORTGAGE TRUST 1A12-2015-2 | 11/25/2060 | 2.750 | 1,573 | 1,567 | 1,575 | |||||
TOWD POINT MORTGAGE TRUST A1-2015-4 | 4/25/2055 | 3.500 | 493 | 498 | 497 | |||||
TOWD POINT MORTGAGE TRUST A1-2015-5 | 5/25/2055 | 3.500 | 4,740 | 4,775 | 4,788 | |||||
TOWD POINT MORTGAGE TRUST A1-2015-6 | 4/25/2055 | 3.500 | 7,409 | 7,448 | 7,505 | |||||
TOWD POINT MORTGAGE TRUST A1-2016-1 | 2/25/2055 | 3.500 | 7,703 | 7,753 | 7,793 | |||||
TOWD POINT MORTGAGE TRUST A1-2016-2 | 8/25/2055 | 3.000 | 9,668 | 9,699 | 9,750 | |||||
TOWD POINT MORTGAGE TRUST A1-2016-3 | 4/25/2056 | 2.250 | 14,650 | 14,629 | 14,613 | |||||
TOWD POINT MORTGAGE TRUST A1-2017-3 | 7/25/2057 | 2.750 | 13,954 | 14,003 | 14,010 | |||||
TOWD POINT MORTGAGE TRUST A1-2017-4 | 6/25/2057 | 2.750 | 16,325 | 16,397 | 16,387 | |||||
TOWD POINT MORTGAGE TRUST A1-2019-HY1 | 10/25/2048 | 2.792 | 7,470 | 7,505 | 7,487 | |||||
TOWD POINT MORTGAGE TRUST A1A-2015-3 | 3/25/2054 | 3.500 | 3,904 | 3,924 | 3,924 |
F-40
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
TOWD POINT MORTGAGE TRUST A1B-2015-3 | 3/25/2054 | 3.000 | 1,952 | 1,954 | 1,955 | |||||
TOWD POINT MORTGAGE TRUST A4B-2015-3 | 3/25/2054 | 3.500 | 2,629 | 2,664 | 2,667 | |||||
VERUS SECURITIZATION TRUST A1-2017-1A | 1/25/2047 | 2.881 | 6,202 | 6,196 | 6,201 | |||||
VERUS SECURITIZATION TRUST A1-2017-2A | 7/25/2047 | 2.485 | 10,712 | 10,703 | 10,670 | |||||
VERUS SECURITIZATION TRUST A1-2019-1 | 2/25/2059 | 3.836 | 20,516 | 20,497 | 20,729 | |||||
VERUS SECURITIZATION TRUST A1-2019-3 | 7/25/2059 | 2.784 | 35,921 | 35,907 | 35,973 | |||||
VERUS SECURITIZATION TRUST A1-2019-4 | 11/25/2059 | 2.642 | 19,577 | 19,575 | 19,498 | |||||
VERUS SECURITIZATION TRUST A1-2019-INV3 | 11/25/2059 | 2.692 | 19,848 | 19,848 | 19,850 | |||||
VERUS SECURITIZATION TRUST A1FL-2018-IN | 10/25/2058 | 2.992 | 9,764 | 9,802 | 9,797 | |||||
VISIO A1-2019-2 | 11/25/2054 | 2.722 | 34,488 | 34,487 | 34,346 | |||||
WASHINGTON MUTUAL 03-AR6 A1 | 6/25/2033 | 4.699 | 600 | 598 | 599 | |||||
WASHINGTON MUTUAL 04-AR10 A1A | 7/25/2044 | 2.943 | 445 | 446 | 439 | |||||
WASHINGTON MUTUAL 05-AR3 A2 | 3/25/2035 | 4.432 | 990 | 994 | 970 | |||||
WASHINGTON MUTUAL 05-AR4 A5 | 4/25/2035 | 4.200 | 2,485 | 2,476 | 2,460 | |||||
WELLS FARGO MORTGAGE BACKED SECURITY 04-K 2A6 | 7/25/2034 | 4.975 | 715 | 738 | 722 | |||||
TOTAL NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES | 1,688,915 | 1,697,125 | ||||||||
TOTAL RESIDENTIAL MORTGAGE BACKED SECURITIES | 3,052,502 | 3,059,718 | ||||||||
ASSET BACKED SECURITIES | ||||||||||
APIDOS CLO APID_15-20A | 7/16/2031 | 3.101 | 20,000 | 20,000 | 19,950 | |||||
ARI FLEET LEASE TRUST_19 A2B-2019-A | 11/15/2027 | 2.220 | 10,000 | 10,000 | 10,010 | |||||
AVIS BUDGET RENTAL CAR FUNDING A-2015-2A | 12/20/2021 | 2.630 | 35,669 | 35,711 | 35,763 | |||||
AVIS BUDGET RENTAL CAR FUNDING A-2016-1A | 6/20/2022 | 2.990 | 36,874 | 37,100 | 37,265 | |||||
AVIS BUDGET RENTAL CAR FUNDING A-2016-2A | 11/20/2022 | 2.720 | 38,000 | 37,884 | 38,235 | |||||
AVIS BUDGET RENTAL CAR FUNDING A-2017-1A | 9/20/2023 | 3.070 | 8,020 | 8,046 | 8,157 | |||||
BALLYROCK A1-2018-1A | 4/20/2031 | 2.966 | 40,000 | 40,000 | 39,531 | |||||
BRAZOS HIGHER EDUCATION AUTHORITY A2-2010-1 | 2/25/2035 | 3.110 | 20,000 | 19,828 | 19,945 | |||||
CARLYLE GLOBAL MARKET STRATEGIES 15-5A | 1/20/2032 | 3.286 | 15,000 | 15,000 | 14,992 | |||||
CARLYLE GLOBAL MARKET STRATEGIES 20-143 | 10/15/2030 | 3.101 | 12,315 | 12,329 | 12,256 | |||||
CARLYLE GLOBAL MARKET STRATEGIES A1R-2013-1A | 8/14/2030 | 3.129 | 20,000 | 20,000 | 19,992 | |||||
CARLYLE GLOBAL MARKET STRATEGIES A1RR-2013-4A | 1/15/2031 | 3.001 | 20,000 | 20,000 | 19,851 | |||||
CENTRE POINT FUNDING LLC 12-2 A | 8/20/2021 | 2.610 | 102 | 102 | 101 | |||||
CLI FUNDING LLC A-2014-1A | 6/18/2029 | 3.290 | 6,848 | 6,854 | 6,858 | |||||
COLLEGE LOAN CORPORATION TRUST 02-2 A24 | 3/1/2042 | 3.003 | 10,000 | 8,753 | 10,019 | |||||
DRYDEN SENIOR LOAN FUND A1-2017-47A | 4/15/2028 | 3.241 | 21,700 | 21,755 | 21,702 | |||||
DRYDEN SENIOR LOAN FUND A1-2018-55A | 4/15/2031 | 3.021 | 12,000 | 12,000 | 11,937 | |||||
DRYDEN SENIOR LOAN FUND AR2-2014-33A | 4/15/2029 | 3.231 | 20,000 | 20,000 | 19,977 | |||||
EDUCATIONAL SERVICES OF AMERICA A-2012-2 | 4/25/2039 | 2.522 | 3,329 | 3,327 | 3,325 | |||||
EDUCATIONAL SERVICES OF AMERICA A-2014-1 | 2/25/2039 | 2.492 | 10,412 | 10,289 | 10,309 | |||||
EDUCATIONAL SERVICES OF AMERICA A-2014-3 | 2/25/2036 | 2.392 | 736 | 725 | 721 | |||||
HENDERSON RECEIVABLES LLC 10-3A A | 12/15/2048 | 3.820 | 794 | 794 | 818 | |||||
HERTZ VEHICLE FINANCING LLC A-2015-1A | 3/25/2021 | 2.730 | 35,000 | 34,993 | 35,039 | |||||
HERTZ VEHICLE FINANCING LLC A-2015-3A | 9/25/2021 | 2.670 | 20,000 | 19,971 | 20,054 | |||||
HERTZ VEHICLE FINANCING LLC A-2016-2A | 3/25/2022 | 2.950 | 33,900 | 33,872 | 34,152 |
F-41
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
HERTZ VEHICLE FINANCING LLC A-2016-4A | 7/25/2022 | 2.650 | 8,168 | 8,113 | 8,211 | |||||
KENTUCKY HIGHER EDUCATION STUDENT LOAN A1-2013-2 | 9/1/2028 | 2.291 | 5,150 | 5,064 | 5,071 | |||||
MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORP. A1-2014-1 | 10/25/2035 | 2.472 | 5,062 | 4,954 | 4,985 | |||||
MVW OWNER TRUST 16-1A | 12/20/2033 | 2.250 | 6,394 | 6,364 | 6,354 | |||||
NAVIENT STUDENT LOAN TRUST A2B-2018-DA | 12/15/2059 | 2.540 | 12,000 | 11,954 | 11,916 | |||||
NORTHSTAR EDUCATION FINANCE A3-2002-1 | 4/1/2042 | 3.870 | 5,000 | 4,738 | 4,834 | |||||
OCTAGON INVESTMENT PARTNERS OCT30_17-1A | 3/17/2030 | 3.286 | 6,900 | 6,900 | 6,917 | |||||
OZLM A1-2017-21A | 1/20/2031 | 3.116 | 16,000 | 16,019 | 16,000 | |||||
PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY WL 13-1A | 11/25/2036 | 2.292 | 2,531 | 2,488 | 2,476 | |||||
RACE POINT CLO LTD AR-2013-8A | 2/20/2030 | 3.239 | 14,000 | 14,000 | 14,001 | |||||
SALLIE MAE 11-2 A1 | 11/25/2027 | 2.392 | 492 | 492 | 493 | |||||
SALLIE MAE 12-3 A | 12/27/2038 | 2.442 | 6,282 | 6,296 | 6,177 | |||||
SALLIE MAE A6-2006-2 | 1/25/2041 | 2.110 | 17,491 | 16,649 | 16,673 | |||||
SBA TOWER TRUST A-2015-1 | 10/8/2020 | 3.156 | 8,108 | 8,130 | 8,174 | |||||
SBA TOWER TRUST C-2013-2 | 4/11/2023 | 3.722 | 2,815 | 2,796 | 2,877 | |||||
SBA TOWER TRUST C-2016-1A | 7/9/2021 | 2.877 | 8,055 | 8,071 | 8,082 | |||||
SBA TOWER TRUST C-2017-1 | 4/11/2022 | 3.168 | 22,000 | 22,000 | 22,414 | |||||
SIERRA RECEIVABLES FUNDING COMPANY A-2016-1A | 3/21/2033 | 3.080 | 2,813 | 2,813 | 2,825 | |||||
SIERRA RECEIVABLES FUNDING COMPANY A-2016-2A | 7/20/2033 | 2.330 | 165 | 163 | 165 | |||||
SIERRA RECEIVABLES FUNDING COMPANY A-2016-3A | 10/20/2033 | 2.430 | 3,362 | 3,361 | 3,354 | |||||
SMALL BUSINESS ADMINISTRATION 2002-20J | 10/1/2022 | 4.750 | 104 | 104 | 106 | |||||
SMB PRIVATE EDUCATION LOAN TRUST A2A-2017-B | 10/15/2035 | 2.820 | 9,763 | 9,762 | 9,840 | |||||
STUDENT LOAN TRUST A4A-2008-1 | 12/15/2032 | 3.494 | 3,992 | 4,038 | 4,044 | |||||
TAL ADVANTAGE LLC 13-1 A | 2/22/2038 | 2.830 | 1,195 | 1,197 | 1,188 | |||||
TRIP RAIL MASTER FUNDING LLC A1-2017-1A | 8/15/2047 | 2.709 | 6,235 | 6,235 | 6,236 | |||||
VOI MORTGAGE LLC A-2016-A | 7/20/2033 | 2.540 | 5,073 | 5,070 | 5,052 | |||||
WELLS FARGO MORTGAGE BACKED SECURITY A-2013-A | 3/15/2029 | 3.100 | 277 | 276 | 279 | |||||
TOTAL ASSET BACKED SECURITIES | 627,380 | 629,703 | ||||||||
COMMERCIAL MORTGAGE BACKED SECURITIES | ||||||||||
AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES | ||||||||||
FANNIE MAE 06-M2 A2A | 10/25/2032 | 5.271 | 3,869 | 4,043 | 4,337 | |||||
FREDDIE MAC A10-20KS10 | 10/25/2028 | 2.402 | 24,068 | 24,082 | 24,087 | |||||
FREDDIE MAC A-20KBF2 | 10/25/2025 | 2.232 | 41,101 | 41,101 | 40,957 | |||||
FREDDIE MAC A-20KF50 | 7/25/2028 | 2.192 | 9,465 | 9,474 | 9,400 | |||||
FREDDIE MAC A-20KF52 | 9/25/2028 | 2.212 | 16,600 | 16,600 | 16,550 | |||||
FREDDIE MAC A-20KF53 | 10/25/2025 | 2.182 | 25,042 | 25,042 | 24,984 | |||||
FREDDIE MAC A-20KF54 | 11/25/2028 | 2.272 | 57,350 | 57,353 | 57,223 | |||||
FREDDIE MAC A-20KF55 | 11/25/2025 | 2.302 | 60,597 | 60,686 | 60,559 | |||||
FREDDIE MAC A-20KF57 | 12/25/2028 | 2.332 | 29,572 | 29,572 | 29,565 | |||||
FREDDIE MAC A-20KF58 | 1/25/2026 | 2.292 | 77,747 | 77,901 | 77,682 | |||||
FREDDIE MAC A-20KF59 | 2/25/2029 | 2.332 | 29,996 | 29,996 | 29,988 | |||||
FREDDIE MAC A-20KF60 | 2/25/2026 | 2.282 | 49,950 | 50,051 | 49,839 | |||||
FREDDIE MAC A-20KF61 | 3/25/2029 | 2.322 | 22,997 | 23,044 | 22,940 |
F-42
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
FREDDIE MAC AFL-20KSL1 | 11/25/2023 | 2.262 | 22,000 | 22,000 | 21,971 | |||||
FREDDIE MAC AFL-20W5FL | 5/25/2025 | 2.012 | 17,787 | 17,787 | 17,614 | |||||
FREDDIE MAC AFLW-20KL3W | 8/25/2025 | 2.242 | 15,000 | 15,033 | 15,016 | |||||
GINNIE MAE 11-165 A | 10/16/2037 | 2.194 | 3,778 | 3,785 | 3,771 | |||||
GINNIE MAE 13-141 A | 6/16/2040 | 2.023 | 9,093 | 9,090 | 9,045 | |||||
GINNIE MAE 13-146 AH | 8/16/2040 | 2.000 | 3,593 | 3,594 | 3,574 | |||||
GINNIE MAE 13-159 A | 8/16/2038 | 1.794 | 338 | 337 | 337 | |||||
GINNIE MAE 17-127 | 4/16/2052 | 2.500 | 18,222 | 18,118 | 18,170 | |||||
GINNIE MAE 17-135 | 5/16/2049 | 2.200 | 28,926 | 28,721 | 28,706 | |||||
GINNIE MAE 17-146 | 8/16/2047 | 2.200 | 23,804 | 23,669 | 23,606 | |||||
GINNIE MAE 7-140 | 2/16/2059 | 2.500 | 23,725 | 23,596 | 23,686 | |||||
GINNIE MAE A-2013-57 | 6/16/2037 | 1.350 | 2,255 | 2,242 | 2,222 | |||||
GINNIE MAE A-2014-61 | 1/16/2044 | 2.205 | 2,462 | 2,461 | 2,456 | |||||
GINNIE MAE AB-2013-194 | 5/16/2038 | 2.250 | 6,004 | 6,014 | 5,994 | |||||
GINNIE MAE AB-2014-143 | 3/16/2040 | 2.500 | 1,188 | 1,198 | 1,187 | |||||
GINNIE MAE AB-2014-75 | 6/16/2047 | 2.000 | 1,330 | 1,330 | 1,330 | |||||
GINNIE MAE AC-2013-13 | 4/16/2046 | 1.700 | 2,492 | 2,417 | 2,435 | |||||
GINNIE MAE AC-2014-112 | 12/16/2040 | 1.900 | 2,508 | 2,521 | 2,488 | |||||
GINNIE MAE AC-2014-143 | 3/16/2040 | 2.000 | 2,377 | 2,384 | 2,366 | |||||
GINNIE MAE AC-2014-48 | 10/16/2041 | 1.900 | 4,808 | 4,829 | 4,777 | |||||
GINNIE MAE AC-2014-70 | 4/16/2042 | 1.900 | 6,082 | 6,104 | 6,049 | |||||
GINNIE MAE AC-2015-98 | 4/16/2041 | 2.150 | 10,991 | 11,081 | 10,928 | |||||
GINNIE MAE AD-2014-9 | 9/16/2041 | 2.500 | 2,671 | 2,700 | 2,669 | |||||
GINNIE MAE AD-2016-1829 | 11/16/2043 | 2.250 | 14,493 | 14,548 | 14,408 | |||||
GINNIE MAE AG-2016-39 | 1/16/2043 | 2.300 | 11,375 | 11,411 | 11,321 | |||||
GINNIE MAE AG-2017-171 | 10/16/2048 | 2.250 | 23,945 | 23,705 | 23,791 | |||||
GINNIE MAE AN-2014-17 | 6/16/2048 | 2.365 | 3,636 | 3,680 | 3,712 | |||||
TOTAL AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES | 713,300 | 711,740 | ||||||||
NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES | ||||||||||
280 PARK AVENUE MORTGAGE TRUST 2017-A | 9/15/2034 | 2.591 | 40,000 | 40,000 | 39,988 | |||||
ASHFORD HOSPITALITY TRUST_A-2018-KEYS | 5/15/2035 | 2.740 | 40,000 | 40,000 | 39,925 | |||||
BANC OF AMERICA MERRILL LYNCH A-2018-DSNY | 9/15/2034 | 2.589 | 18,350 | 18,340 | 18,285 | |||||
BARCLAYS COMMERCIAL MORTGAGE A-2019-BWAY | 11/25/2034 | 2.696 | 10,000 | 9,936 | 9,950 | |||||
BFLD TRUST A-2019-DPLO | 10/15/2034 | 2.830 | 28,000 | 27,936 | 27,948 | |||||
BHMS MORTGAGE TRUST BHMS_18-ATLS | 7/15/2035 | 2.990 | 40,000 | 40,000 | 39,925 | |||||
BRAEMAR HOTELS & RESORTS TRUST A-2018-PRME | 6/15/2035 | 2.560 | 19,768 | 19,761 | 19,671 | |||||
BX COMMERCIAL MORTGAGE TRUST A-2019-ATL | 10/15/2036 | 2.826 | 27,275 | 27,259 | 27,274 | |||||
BX TRUST A-2018-GW | 5/15/2035 | 2.540 | 38,592 | 38,517 | 38,473 | |||||
BX TRUST_19-RP A-2019-RP | 6/15/2034 | 2.785 | 25,000 | 24,910 | 24,857 | |||||
CAMB COMMERCIAL MORTGAGE TRUST A-2019-LIFE | 12/15/2037 | 2.809 | 15,000 | 15,000 | 15,009 | |||||
CGDB COMMERCIAL MORTGAGE TRUST A-2019-MOB | 11/15/2036 | 2.690 | 15,000 | 15,000 | 14,977 | |||||
COLONY MORTGAGE CAPITAL LTD A-2019-IKPR | 11/15/2038 | 2.869 | 20,000 | 19,802 | 19,794 | |||||
COMM_ A-2019-521F | 6/15/2034 | 2.640 | 16,510 | 16,516 | 16,495 |
F-43
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
COSMOPOLITAN HOTEL TRUST A-2017-CSMO | 11/15/2036 | 2.670 | 39,690 | 39,663 | 39,653 | |||||
DBGS MORTGAGE TRUST A-2018-5BP | 6/15/2033 | 2.385 | 40,000 | 39,939 | 39,880 | |||||
DBGS MORTGAGE TRUST A-2018-BIOD | 5/15/2035 | 2.543 | 23,203 | 23,198 | 23,161 | |||||
DBUBS MORTGAGE TRUST 11-LC2 A1 | 7/10/2044 | 3.527 | 610 | 610 | 614 | |||||
DBWF MORTGAGE TRUST A-2018-GLKS | 11/19/2035 | 2.794 | 20,000 | 19,894 | 19,975 | |||||
GOLDMAN SACHS MORTGAGE SECURITIES CORPORATION 10-C2 A1 | 12/10/2043 | 3.849 | 266 | 266 | 267 | |||||
GPT_18-GPP | 6/15/2035 | 2.752 | 2,539 | 2,538 | 2,533 | |||||
HOME PARTNERS OF AMERICA TRUST A-2017-1 | 7/17/2034 | 2.554 | 17,136 | 17,119 | 17,128 | |||||
HOME PARTNERS OF AMERICA TRUST A-2018-1 | 7/17/2037 | 2.637 | 23,439 | 23,439 | 23,426 | |||||
INVITATION HOMES TRUST A-2017-SFR2 | 12/17/2036 | 2.587 | 13,507 | 13,482 | 13,457 | |||||
INVITATION HOMES TRUST A-2018-SFR2 | 6/17/2037 | 2.637 | 13,550 | 13,529 | 13,545 | |||||
INVITATION HOMES TRUST A-2018-SFR3 | 7/17/2037 | 2.737 | 37,847 | 37,847 | 37,847 | |||||
INVITATION HOMES TRUST A-2018-SFR4 | 1/17/2038 | 2.837 | 32,201 | 32,229 | 32,292 | |||||
JP MORGAN CHASE COMMERCIAL MORTGAGE A-2018-ASH8 | 2/15/2035 | 2.540 | 11,398 | 11,392 | 11,362 | |||||
MORGAN STANLEY CAPITAL I TRUST MSC_18-BOP | 8/15/2033 | 2.590 | 20,000 | 20,000 | 19,931 | |||||
PROGRESS RESIDENTIAL TRUST A-2017-SFR1 | 8/17/2034 | 2.768 | 18,821 | 18,810 | 18,780 | |||||
STARWOOD WAYPOINT HOMES TRUST-2017-1 | 1/17/2035 | 2.716 | 28,159 | 28,159 | 28,148 | |||||
UBS COMMERCIAL MORTGAGE TRUST A-2018-NYCH | 2/15/2032 | 2.590 | 11,686 | 11,649 | 11,652 | |||||
UBS-CITIGROUP COMMERCIAL MORTGAGE TRUST 11-C1 AAB | 1/10/2045 | 3.187 | 3,379 | 3,382 | 3,406 | |||||
WELLS FARGO COMMERCIAL MORTGAGE TRUST AFL-2012-C7 | 6/15/2045 | 2.940 | 11,000 | 11,070 | 11,089 | |||||
WELLS FARGO COMMERCIAL MORTGAGE TRUST_17-SMP | 12/15/2034 | 2.490 | 18,500 | 18,331 | 18,434 | |||||
TOTAL NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES | 739,523 | 739,151 | ||||||||
TOTAL COMMERCIAL MORTGAGE BACKED SECURITIES | 1,452,823 | 1,450,891 | ||||||||
CORPORATE DEBT SECURITIES | ||||||||||
BANKING | ||||||||||
WASHINGTON MUTUAL BANK/HENDERSON | 6/15/2011 | — | 1,500 | — | 3 | c,d | ||||
TOTAL BANKING | — | 3 | ||||||||
CAPITAL GOODS | ||||||||||
BAE SYSTEMS PLC | 12/15/2020 | 2.850 | 21,099 | 21,063 | 21,227 | |||||
BUNZL PLC | 1/15/2020 | 2.930 | 1,300 | 1,300 | 1,300 | |||||
GENERAL DYNAMICS CORPORATION | 5/11/2020 | 2.875 | 20,000 | 19,990 | 20,071 | |||||
GENERAL DYNAMICS CORPORATION | 5/11/2021 | 3.000 | 14,905 | 14,857 | 15,143 | |||||
NORTHROP GRUMMAN CORP | 3/15/2021 | 3.500 | 5,000 | 5,058 | 5,094 | |||||
NORTHROP GRUMMAN CORP | 10/15/2022 | 2.550 | 16,643 | 16,296 | 16,893 | |||||
SIEMENS AG | 3/16/2020 | 2.200 | 28,000 | 27,974 | 28,014 | |||||
UNITED TECHNOLOGIES CORPORATION | 4/15/2020 | 4.500 | 5,228 | 5,266 | 5,265 | |||||
TOTAL CAPITAL GOODS | 111,804 | 113,007 | ||||||||
COMMUNICATIONS | ||||||||||
AMERICA MOVIL SAB DE CV | 3/30/2020 | 5.000 | 8,922 | 8,962 | 8,981 | |||||
AMERICAN TOWER CORPORATION | 6/1/2020 | 2.800 | 1,061 | 1,059 | 1,064 | |||||
AMERICAN TOWER CORPORATION | 2/15/2021 | 3.300 | 24,365 | 24,329 | 24,691 |
F-44
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
DISCOVERY COMMUNICATIONS LLC | 6/15/2020 | 2.800 | 3,300 | 3,305 | 3,308 | |||||
SKY PLC | 11/26/2022 | 3.125 | 5,000 | 4,993 | 5,137 | |||||
TOTAL COMMUNICATIONS | 42,648 | 43,181 | ||||||||
CONSUMER CYCLICAL | ||||||||||
COMPASS GROUP PLC | 9/18/2020 | 3.090 | 7,000 | 7,029 | 7,029 | |||||
FORD MOTOR CREDIT COMPANY LLC | 11/2/2020 | 2.343 | 10,000 | 9,881 | 9,969 | |||||
TOTAL CONSUMER CYCLICAL | 16,910 | 16,998 | ||||||||
CONSUMER NON CYCLICAL | ||||||||||
ABBVIE INC | 5/14/2020 | 2.500 | 25,000 | 24,946 | 25,038 | |||||
ALLERGAN PLC | 3/12/2020 | 3.000 | 1,465 | 1,466 | 1,466 | |||||
BACARDI LTD | 1/15/2021 | 4.500 | 2,783 | 2,834 | 2,828 | |||||
BECTON DICKINSON AND COMPANY | 6/5/2020 | 2.404 | 10,720 | 10,720 | 10,732 | |||||
CARDINAL HEALTH INC | 12/15/2020 | 4.625 | 9,490 | 9,594 | 9,719 | |||||
CIGNA CORP | 11/15/2021 | 4.750 | 10,000 | 10,174 | 10,482 | |||||
CVS HEALTH CORPORATION | 6/1/2021 | 2.125 | 12,075 | 11,994 | 12,095 | |||||
ESSILOR INTERNATIONAL SA | 1/5/2022 | 2.050 | 6,000 | 6,000 | 5,938 | |||||
GILEAD SCIENCES INC | 9/1/2020 | 2.550 | 25,000 | 24,916 | 25,103 | |||||
JM SMUCKER | 3/15/2020 | 2.500 | 9,231 | 9,232 | 9,239 | |||||
KELLOGG COMPANY | 12/15/2020 | 4.000 | 15,000 | 15,316 | 15,279 | |||||
KROGER CO | 8/1/2022 | 2.800 | 5,845 | 5,733 | 5,951 | |||||
MOLSON COORS BREWING | 7/15/2021 | 2.100 | 10,000 | 9,907 | 10,007 | |||||
SYSCO CORPORATION | 7/15/2021 | 2.500 | 2,000 | 2,004 | 2,017 | |||||
TOTAL CONSUMER NON CYCLICAL | 144,836 | 145,894 | ||||||||
ELECTRIC | ||||||||||
AMERICAN ELECTRIC POWER COMPANY INC | 10/1/2022 | 2.400 | 2,000 | 1,945 | 2,015 | |||||
AMERICAN ELECTRIC POWER COMPANY INC | 11/13/2020 | 2.150 | 6,035 | 5,985 | 6,044 | |||||
AMERICAN ELECTRIC POWER COMPANY INC | 12/1/2021 | 3.650 | 10,316 | 10,315 | 10,639 | |||||
DUKE ENERGY CORP | 8/15/2022 | 3.050 | 3,053 | 2,998 | 3,124 | |||||
EMERA INCORPORATED | 6/15/2021 | 2.700 | 20,495 | 20,185 | 20,676 | |||||
EVERSOURCE ENERGY | 3/15/2022 | 2.750 | 1,050 | 1,050 | 1,065 | |||||
THE SOUTHERN COMPANY | 7/1/2021 | 2.350 | 33,334 | 33,256 | 33,510 | |||||
WEC ENERGY GROUP INC | 11/1/2020 | 4.170 | 1,610 | 1,631 | 1,633 | |||||
WEC ENERGY GROUP INC | 6/15/2021 | 3.375 | 3,500 | 3,484 | 3,570 | |||||
WEC ENERGY GROUP INC | 3/8/2022 | 3.100 | 7,212 | 7,209 | 7,358 | |||||
WEC ENERGY GROUP INC | 6/15/2020 | 2.450 | 16,050 | 16,018 | 16,076 | |||||
XCEL ENERGY INC | 8/15/2020 | 2.200 | 14,835 | 14,831 | 14,857 | |||||
XCEL ENERGY INC | 3/15/2021 | 2.400 | 4,000 | 3,941 | 4,021 | |||||
TOTAL ELECTRIC | 122,848 | 124,588 | ||||||||
F-45
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
ENERGY | ||||||||||
WILLIAMS COMPANIES INC | 11/15/2020 | 4.125 | 10,000 | 10,042 | 10,120 | |||||
TOTAL ENERGY | 10,042 | 10,120 | ||||||||
FINANCE COMPANIES | ||||||||||
GE CAPITAL INTERNATIONAL | 11/15/2020 | 2.342 | 15,000 | 14,874 | 15,005 | |||||
TOTAL FINANCE COMPANIES | 14,874 | 15,005 | ||||||||
INSURANCE | ||||||||||
UNITEDHEALTH GROUP INC | 11/15/2021 | 3.375 | 20,000 | 20,078 | 20,481 | |||||
UNITEDHEALTH GROUP INC | 3/15/2022 | 2.875 | 2,000 | 1,974 | 2,040 | |||||
TOTAL INSURANCE | 22,052 | 22,521 | ||||||||
NATURAL GAS | ||||||||||
NISOURCE INC | 6/15/2023 | 3.650 | 4,760 | 4,785 | 4,952 | |||||
SEMPRA ENERGY | 3/15/2020 | 2.400 | 8,565 | 8,564 | 8,566 | |||||
TOTAL NATURAL GAS | 13,349 | 13,518 | ||||||||
TECHNOLOGY | ||||||||||
BROADCOM LTD | 1/15/2020 | 2.375 | 20,000 | 20,002 | 20,002 | |||||
TOTAL TECHNOLOGY | 20,002 | 20,002 | ||||||||
TOTAL CORPORATE DEBT SECURITIES | 519,365 | 524,837 | ||||||||
TOTAL FIXED MATURITIES | 7,362,814 | 7,376,772 | ||||||||
EQUITY SECURITIES | ||||||||||
CONGLOMERATES/DIVERSIFIED MFG | ||||||||||
DAYCO LLC | 10 | 115 | 72 | d | ||||||
TOTAL CONGLOMERATES/DIVERSIFIED MFG | 115 | 72 | ||||||||
METALS/MINING | ||||||||||
ALERIS CORPORATION | 5 | 184 | 116 | d | ||||||
TOTAL METALS/MINING | 184 | 116 | ||||||||
TOTAL EQUITY SECURITIES | 299 | 188 | ||||||||
SYNDICATED LOANS | ||||||||||
BASIC INDUSTRY | ||||||||||
ALPHA 3 BV | 1/31/2024 | 5.104 | 153 | 153 | 153 | |||||
AXALTA COATING SYSTEMS LTD | 6/1/2024 | 3.854 | 1,125 | 1,119 | 1,119 | |||||
CHEMOURS COMPANY | 4/3/2025 | 3.460 | 1,885 | 1,886 | 1,886 | |||||
ELEMENT SOLUTIONS INC | 1/31/2026 | 3.702 | 995 | 991 | 991 | |||||
FLINT GROUP GERMANY | 9/7/2021 | 4.936 | 86 | 86 | 86 | |||||
FLINT GROUP GERMANY | 9/7/2021 | 4.936 | 521 | 521 | 521 | |||||
HEXION HOLDINGS LLC | 7/1/2026 | 5.600 | 499 | 494 | 494 | |||||
INEOS LTD | 3/29/2024 | 3.702 | 983 | 983 | 983 |
F-46
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
KRATON CORP | 3/8/2025 | 4.202 | 464 | 464 | 464 | |||||
MESSER INDUSTRIE GMBH | 3/2/2026 | 4.604 | 1,244 | 1,237 | 1,237 | |||||
MINERALS TECHNOLOGIES INC. | 2/13/2024 | 4.031 | 875 | 875 | 875 | |||||
ORION ENGINEERED CARBONS | 7/25/2024 | 4.104 | 812 | 814 | 814 | |||||
TRINSEO SA | 9/6/2024 | 3.702 | 1,328 | 1,328 | 1,328 | |||||
UNIVAR INC | 7/1/2024 | 3.952 | 617 | 615 | 615 | |||||
TOTAL BASIC INDUSTRY | 11,566 | 11,566 | ||||||||
BROKERAGE | ||||||||||
ALIXPARTNERS LLP | 4/4/2024 | 4.452 | 980 | 985 | 985 | |||||
GREENHILL & CO INC | 4/12/2024 | 4.990 | 658 | 655 | 655 | |||||
VICTORY CAPITAL HOLDINGS | 7/1/2026 | 5.349 | 692 | 686 | 686 | |||||
TOTAL BROKERAGE | 2,326 | 2,326 | ||||||||
CAPITAL GOODS | ||||||||||
ADVANCED DISPOSAL SERVICES INC | 11/10/2023 | 3.835 | 926 | 925 | 925 | |||||
ADVANCED DRAINAGE SYSTEMS INC | 7/31/2026 | 4.000 | 882 | 880 | 880 | |||||
ALBEA BEAUTY HOLDINGS | 4/22/2024 | 4.835 | 714 | 713 | 713 | |||||
ALLNEX USA | 9/13/2023 | 5.163 | 219 | 219 | 219 | |||||
ALLNEX USA | 9/13/2023 | 5.163 | 165 | 165 | 165 | |||||
ALTRA INDUSTRIAL MOTION CORP | 10/1/2025 | 3.702 | 1,129 | 1,126 | 1,126 | |||||
ANCHOR GLASS CONTAINER CORP | 12/7/2023 | 4.520 | 979 | 979 | 979 | |||||
API GROUP DE INC | 10/1/2026 | 4.202 | 450 | 448 | 448 | |||||
BERRY GLOBAL INC | 7/1/2026 | 4.215 | 1,097 | 1,095 | 1,095 | |||||
ENERGY SOLUTIONS LLC | 5/12/2025 | 5.854 | 642 | 639 | 639 | |||||
EWT HOLDINGS III CORP | 12/20/2024 | 4.702 | 851 | 850 | 850 | |||||
FLEX ACQUISITION COMPANY INC | 12/29/2023 | 5.091 | 110 | 110 | 110 | |||||
GARDNER DENVER HOLDINGS INC | 7/31/2024 | 4.441 | 325 | 325 | 325 | |||||
GENERAC POWER SYSTEMS INC | 12/13/2026 | 3.441 | 1,416 | 1,417 | 1,417 | |||||
PLASTIPAK HOLDINGS INC. | 10/14/2024 | 4.200 | 980 | 981 | 981 | |||||
PLY GEM MIDCO LLC | 4/12/2025 | 5.486 | 198 | 197 | 197 | |||||
PRINTPACK HOLDINGS INC | 7/26/2023 | 4.750 | 131 | 131 | 131 | |||||
QUIKRETE HOLDINGS INC | 11/15/2023 | 4.452 | 1,125 | 1,117 | 1,117 | |||||
REXNORD LLC | 8/21/2024 | 3.512 | 400 | 400 | 400 | |||||
REYNOLDS GROUP HOLDINGS INC | 2/5/2023 | 4.452 | 869 | 869 | 869 | |||||
TRANSDIGM INC | 6/9/2023 | 4.202 | 848 | 846 | 846 | |||||
UNIMIN CORPORATION | 6/2/2025 | 6.043 | 296 | 296 | 296 | |||||
UNITED RENTALS INC | 10/31/2025 | 3.452 | 743 | 743 | 743 | |||||
US ECOLOGY INC | 10/1/2026 | 4.191 | 675 | 673 | 673 | |||||
WESCO AIRCRAFT HARDWARE CORPORATION | 2/28/2021 | 4.210 | 1,516 | 1,511 | 1,511 | |||||
WILSONART LLC | 12/19/2023 | 5.360 | 292 | 291 | 291 | |||||
TOTAL CAPITAL GOODS | 17,946 | 17,946 | ||||||||
F-47
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
COMMUNICATIONS | ||||||||||
ALTICE FRANCE SA | 7/15/2025 | 4.452 | 975 | 974 | 974 | |||||
CELLULAR SOUTH INC | 5/24/2024 | 4.177 | 880 | 878 | 878 | |||||
CENTURYLINK INC | 1/31/2025 | 4.452 | 1,061 | 1,054 | 1,054 | |||||
CHARTER COMMUNICATIONS INC | 4/30/2025 | 3.450 | 1,427 | 1,429 | 1,429 | |||||
COGECO COMMUNICATIONS (USA) II LP | 1/6/2025 | 3.952 | 1,381 | 1,380 | 1,380 | |||||
CSC HOLDINGS LLC | 1/15/2026 | 3.990 | 993 | 965 | 965 | |||||
CSC HOLDINGS LLC | 7/17/2025 | 3.990 | 966 | 962 | 962 | |||||
DIAMOND SPORTS GROUP LLC | 8/24/2026 | 4.960 | 1,173 | 1,170 | 1,170 | |||||
ENTRAVISION COMMUNICATIONS CORPORATION | 11/30/2024 | 4.452 | 346 | 344 | 344 | |||||
GRAY TELEVISION INC | 2/7/2024 | 3.947 | 278 | 278 | 278 | |||||
HUBBARD RADIO LLC | 3/28/2025 | 5.210 | 267 | 266 | 266 | |||||
ION MEDIA NETWORKS INC | 12/18/2024 | 4.750 | 1,303 | 1,304 | 1,304 | |||||
LEVEL 3 PARENT LLC | 3/1/2027 | 3.452 | 337 | 337 | 337 | |||||
LIONS GATE ENTERTAINMENT CORP | 3/24/2025 | 3.952 | 908 | 908 | 908 | |||||
LIONS GATE ENTERTAINMENT CORP | 3/22/2023 | 3.452 | 1,121 | 1,121 | 1,121 | |||||
MEDIACOM COMMUNICATIONS CORPORATION | 2/15/2024 | 3.330 | 963 | 960 | 960 | |||||
MISSION BROADCASTING INC | 1/17/2024 | 3.941 | 102 | 102 | 102 | |||||
NASCAR HOLDINGS INC | 10/19/2026 | 4.495 | 473 | 471 | 471 | |||||
NEXSTAR MEDIA GROUP INC | 1/17/2024 | 3.941 | 515 | 515 | 515 | |||||
NIELSEN HOLDINGS PLC | 10/2/2023 | 3.710 | 1,039 | 1,039 | 1,039 | |||||
SBA COMMUNICATIONS CORP | 4/11/2025 | 3.460 | 1,256 | 1,249 | 1,249 | |||||
SINCLAIR BROADCAST GROUP INC | 1/3/2024 | 3.960 | 950 | 944 | 944 | |||||
SOUTHWIRE CO | 5/19/2025 | 3.452 | 1,259 | 1,256 | 1,256 | |||||
SPRINT COMMUNICATIONS INC | 2/2/2024 | 4.250 | 1,800 | 1,796 | 1,796 | |||||
SWITCH LTD | 6/26/2024 | 4.050 | 1 | — | — | |||||
TELESAT LLC | 11/25/2026 | 4.630 | 1,000 | 998 | 998 | |||||
UNIVISION COMMUNICATIONS INC | 3/15/2024 | 4.452 | 937 | 933 | 933 | |||||
URBAN ONE INC | 4/18/2023 | 5.710 | 505 | 502 | 502 | |||||
VIRGIN MEDIA BRISTOL LLC | 1/31/2028 | 4.240 | 1,000 | 1,001 | 1,001 | |||||
TOTAL COMMUNICATIONS | 25,136 | 25,136 | ||||||||
CONSUMER CYCLICAL | ||||||||||
1011778 BC UNLIMITED LIABILITY | 11/19/2026 | 3.452 | 1,338 | 1,335 | 1,335 | |||||
ACADEMY LTD | 7/1/2022 | 6.100 | 471 | 470 | 470 | |||||
AFFINITY GAMING LLC | 7/1/2023 | 4.952 | 302 | 301 | 301 | |||||
AMC ENTERTAINMENT INC | 4/22/2026 | 5.230 | 958 | 957 | 957 | |||||
ARISTOCRAT LEISURE LTD | 10/19/2024 | 3.716 | 1,429 | 1,428 | 1,428 | |||||
CAESARS ENTERTAINMENT CORP | 12/23/2024 | 4.452 | 1,094 | 1,087 | 1,087 | |||||
CCM MERGER | 8/6/2021 | 3.952 | 198 | 198 | 198 | |||||
CINEWORLD FINANCE US INC | 2/28/2025 | 3.952 | 348 | 348 | 348 | |||||
CITYCENTER HOLDINGS LLC | 4/18/2024 | 3.952 | 1,576 | 1,575 | 1,575 | |||||
CUSHMAN & WAKEFIELD | 8/21/2025 | 4.952 | 421 | 419 | 419 | |||||
ELDORADO RESORTS INC | 4/17/2024 | 4.000 | 1,235 | 1,233 | 1,233 |
F-48
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
FOUR SEASONS HOLDINGS INC | 11/30/2023 | 3.702 | 1,477 | 1,474 | 1,474 | |||||
GO DADDY INC | 2/15/2024 | 3.452 | 957 | 955 | 955 | |||||
HILTON WORLDWIDE HOLDINGS INC | 6/22/2026 | 3.458 | 749 | 747 | 747 | |||||
KAR AUCTION SERVICES INC | 9/18/2026 | 4.063 | 750 | 748 | 748 | |||||
KFC HOLDING CORPORATION | 4/2/2025 | 3.495 | 1,357 | 1,359 | 1,359 | |||||
METRO-GOLDWYN-MAYER INC | 7/7/2025 | 4.210 | 1,388 | 1,378 | 1,378 | |||||
MICHAELS COMPANIES INC | 1/28/2023 | 4.203 | 584 | 583 | 583 | |||||
MOHEGAN TRIBAL GAMING AUTHORITY | 10/13/2023 | 5.702 | 639 | 635 | 635 | |||||
NAI ENTERTAINMENT HOLDINGS LLC | 5/8/2025 | 4.210 | 347 | 346 | 346 | |||||
NAVISTAR INC | 11/6/2024 | 4.865 | 750 | 752 | 752 | |||||
PCI GAMING AUTHORITY | 5/29/2026 | 4.702 | 407 | 405 | 405 | |||||
PENN NATIONAL GAMING INC | 10/15/2025 | 3.952 | 1,267 | 1,265 | 1,265 | |||||
PRIME SECURITY SERVICES TOPCO PARENT LP | 9/13/2026 | 4.944 | 1,000 | 990 | 990 | |||||
SCIENTIFIC GAMES CORP | 8/14/2024 | 4.452 | 1,408 | 1,400 | 1,400 | |||||
SEMINOLE TRIBE OF FLORIDA INC | 7/8/2024 | 3.452 | 944 | 942 | 942 | |||||
SERVICEMASTER GLOBAL HOLDINGS INC | 10/31/2026 | 3.500 | 500 | 499 | 499 | |||||
SIX FLAGS ENTERTAINMENT CORP | 4/17/2026 | 3.460 | 440 | 439 | 439 | |||||
WILLIAM MORRIS ENDEAVOR ENTERTAINMENT LLC | 5/16/2025 | 4.554 | 914 | 911 | 911 | |||||
WYNDHAM WORLDWIDE CORP | 4/27/2025 | 3.452 | 990 | 989 | 989 | |||||
TOTAL CONSUMER CYCLICAL | 26,168 | 26,168 | ||||||||
CONSUMER NON CYCLICAL | ||||||||||
ALBERTSONS INVESTOR HOLDINGS LLC | 8/17/2026 | 4.452 | 178 | 178 | 178 | |||||
ALBERTSONS INVESTOR HOLDINGS LLC | 11/17/2025 | 4.452 | 254 | 254 | 254 | |||||
ARAMARK | 3/28/2024 | 3.452 | 1,354 | 1,355 | 1,355 | |||||
B&G FOODS INC | 10/10/2026 | 4.202 | 325 | 323 | 323 | |||||
BAUSCH HEALTH COMPANIES INC | 6/1/2025 | 4.740 | 511 | 509 | 509 | |||||
CATALENT INC | 5/10/2026 | 3.952 | 498 | 496 | 496 | |||||
CHANGE HEALTHCARE HOLDINGS LLC | 3/1/2024 | 4.202 | 768 | 767 | 767 | |||||
DAVITA INC | 8/12/2026 | 3.952 | 750 | 748 | 748 | |||||
ENDO INTERNATIONAL PLC | 4/29/2024 | 6.000 | 269 | 268 | 268 | |||||
GRIFOLS SA | 11/15/2027 | 3.740 | 1,207 | 1,202 | 1,202 | |||||
HCA HEALTHCARE INC | 3/13/2025 | 3.452 | 419 | 419 | 419 | |||||
JAGUAR HOLDING COMPANY | 8/18/2022 | 4.202 | 958 | 955 | 955 | |||||
JBS SA | 5/1/2026 | 3.702 | 572 | 571 | 571 | |||||
MALLINCKRODT INTERNATIONAL | 9/24/2024 | 4.854 | 795 | 794 | 794 | |||||
MALLINCKRODT INTERNATIONAL | 2/24/2025 | 4.909 | 269 | 268 | 268 | |||||
RPI INTERNATIONAL PARTNERS LP | 3/27/2023 | 3.702 | 929 | 928 | 928 | |||||
SELECT MEDICAL CORPORATION | 3/6/2025 | 4.580 | 1,250 | 1,245 | 1,245 | |||||
TENNESSEE PARENT INC | 2/6/2024 | 4.452 | 926 | 925 | 925 | |||||
US FOODS HOLDING CORP | 8/30/2026 | 3.702 | 250 | 249 | 249 | |||||
US FOODS HOLDING CORPORATION | 6/27/2023 | 3.452 | 1,429 | 1,427 | 1,427 | |||||
TOTAL CONSUMER NON CYCLICAL | 13,881 | 13,881 | ||||||||
F-49
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
ELECTRIC | ||||||||||
AES CORP VA | 5/31/2022 | 3.659 | 63 | 63 | 63 | |||||
CALPINE CONSTRUCTION FINANCE | 1/15/2025 | 4.202 | 1,970 | 1,972 | 1,972 | |||||
CARROLL COUNTRY ENERGY LLC | 2/16/2026 | 5.604 | 724 | 718 | 718 | |||||
CPV SHORE HOLDINGS LLC | 12/29/2025 | 5.460 | 706 | 700 | 700 | |||||
EASTERN POWER LLC | 10/2/2023 | 5.452 | 1,508 | 1,511 | 1,511 | |||||
EDGEWATER GENERATION LLC | 12/13/2025 | 5.452 | 1,242 | 1,238 | 1,238 | |||||
EFS COGEN HOLDINGS I LLC | 6/28/2023 | 5.245 | 935 | 937 | 937 | |||||
HELIX GEN FUNDING LLC | 6/3/2024 | 5.452 | 970 | 968 | 968 | |||||
INVENERGY CLEAN POWER LLC | 8/28/2025 | 5.202 | 932 | 929 | 929 | |||||
LMBE-MC HOLDCO II LLC | 11/26/2025 | 6.110 | 689 | 686 | 686 | |||||
VISTRA ENERGY CORP | 12/31/2025 | 3.459 | 1,252 | 1,251 | 1,251 | |||||
WEST DEPTFORD ENERGY HOLDINGS LLC | 8/26/2026 | 5.452 | 1,225 | 1,221 | 1,221 | |||||
WG PARTNERS | 11/15/2023 | 5.604 | 327 | 325 | 325 | |||||
TOTAL ELECTRIC | 12,519 | 12,519 | ||||||||
ENERGY | ||||||||||
APERGY CORP | 5/9/2025 | 4.250 | 1,208 | 1,211 | 1,211 | |||||
EQUITRANS MIDSTREAM CORP | 1/31/2024 | 6.210 | 1,244 | 1,224 | 1,224 | |||||
HERCULES MERGER SUB LLC | 11/1/2026 | 4.441 | 425 | 423 | 423 | |||||
TRAVERSE MIDSTREAM PARTNERS | 9/27/2024 | 5.710 | 718 | 715 | 715 | |||||
TOTAL ENERGY | 3,573 | 3,573 | ||||||||
FINANCE COMPANY | ||||||||||
AVOLON TLB BORROWER | 1/15/2025 | 3.515 | 1,031 | 1,029 | 1,029 | |||||
FINCO I LLC | 12/27/2022 | 3.702 | 1,196 | 1,197 | 1,197 | |||||
TOTAL FINANCE COMPANY | 2,226 | 2,226 | ||||||||
INSURANCE | ||||||||||
ASURION LLC | 11/29/2024 | 4.702 | 420 | 418 | 418 | |||||
ASURION LLC | 11/3/2023 | 4.702 | 301 | 300 | 300 | |||||
ASURION LLC | 8/4/2022 | 4.702 | 226 | 225 | 225 | |||||
TOTAL INSURANCE | 943 | 943 | ||||||||
OTHER FINANCIAL INSTITUTIONS | ||||||||||
TRANSUNION | 11/16/2026 | 3.452 | 1,170 | 1,168 | 1,168 | |||||
TOTAL OTHER FINANCIAL INSTITUTIONS | 1,168 | 1,168 | ||||||||
OTHER INDUSTRY | ||||||||||
HAMILTON HOLDCO LLC | 1/2/2027 | 4.110 | 988 | 987 | 987 | |||||
LIGHTSTONE HOLDCO LLC | 1/30/2024 | 5.452 | 987 | 982 | 982 | |||||
LIGHTSTONE HOLDCO LLC | 1/30/2024 | 5.452 | 56 | 55 | 55 | |||||
TOTAL OTHER INDUSTRY | 2,024 | 2,024 | ||||||||
F-50
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
OTHER UTILITY | ||||||||||
SANDY CREEK | 11/9/2020 | 6.330 | 829 | 828 | 828 | |||||
TOTAL OTHER UTILITY | 828 | 828 | ||||||||
REITS | ||||||||||
EXTENDED STAY AMERICA INC | 9/18/2026 | 3.702 | 500 | 499 | 499 | |||||
RYMAN HOSPITALITY PROPERTIES | 5/11/2024 | 3.710 | 766 | 765 | 765 | |||||
VICI PROPERTIES INC | 12/20/2024 | 3.785 | 1,810 | 1,814 | 1,814 | |||||
TOTAL REITS | 3,078 | 3,078 | ||||||||
TECHNOLOGY | ||||||||||
CDW CORP | 10/13/2026 | 3.460 | 1,977 | 1,976 | 1,976 | |||||
CELESTICA INC. | 6/27/2025 | 3.825 | 1,086 | 1,082 | 1,082 | |||||
COMMSCOPE HOLDING CO INC | 4/6/2026 | 4.952 | 1,250 | 1,240 | 1,240 | |||||
DELL TECHNOLOGIES INC | 9/19/2025 | 3.710 | 1,454 | 1,453 | 1,453 | |||||
INFOR SOFTWARE PARENT LLC | 2/1/2022 | 4.854 | 414 | 413 | 413 | |||||
LEIDOS HOLDINGS INC | 8/22/2025 | 3.500 | 423 | 422 | 422 | |||||
MA FINANCECO LLC | 6/21/2024 | 4.202 | 160 | 159 | 159 | |||||
MACDONALD DETTWILER AND ASSOCIATES LTD | 10/4/2024 | 4.854 | 980 | 976 | 976 | |||||
MICROCHIP TECHNOLOGY INCORPORATED | 5/29/2025 | 3.710 | 431 | 431 | 431 | |||||
NEUSTAR | 8/8/2024 | 5.202 | 196 | 193 | 193 | |||||
ON SEMICONDUCTOR CORPORATION | 9/16/2026 | 3.702 | 1,413 | 1,417 | 1,417 | |||||
PERSPECTA INC | 5/31/2025 | 3.952 | 1,016 | 1,015 | 1,015 | |||||
PLANTRONICS INC | 7/2/2025 | 4.202 | 1,352 | 1,337 | 1,337 | |||||
SABRE HOLDINGS CORPORATION | 2/22/2024 | 3.702 | 799 | 798 | 798 | |||||
SCIENCE APPLICATIONS INTERNATIONAL CORP | 10/31/2025 | 3.452 | 1,238 | 1,232 | 1,232 | |||||
SEATTLE SPINCO INC | 6/21/2024 | 4.202 | 1,177 | 1,171 | 1,171 | |||||
SS&C EUROPEAN HOLDINGS | 4/16/2025 | 3.952 | 278 | 278 | 278 | |||||
SS&C TECHNOLOGIES | 4/16/2025 | 3.952 | 427 | 426 | 426 | |||||
TTM TECHNOLOGIES INC | 9/25/2024 | 4.191 | 360 | 359 | 359 | |||||
VERINT SYSTEMS INC | 6/28/2024 | 3.796 | 1,134 | 1,132 | 1,132 | |||||
WESTERN DIGITAL CORPORATION | 4/29/2023 | 3.452 | 1,727 | 1,725 | 1,725 | |||||
XPERI CORP | 12/1/2023 | 4.202 | 762 | 734 | 734 | |||||
TOTAL TECHNOLOGY | 19,969 | 19,969 | ||||||||
TRANSPORTATION | ||||||||||
AMERICAN AIRLINES GROUP INC | 12/14/2023 | 3.740 | 980 | 978 | 978 | |||||
AMERICAN AIRLINES GROUP INC | 6/27/2025 | 3.450 | 960 | 959 | 959 | |||||
GENESEE & WYOMING INC | 11/6/2026 | 3.774 | 650 | 651 | 651 | |||||
UNITED CONTINENTAL HOLDINGS INC | 4/1/2024 | 3.452 | 1,566 | 1,561 | 1,561 | |||||
TOTAL TRANSPORTATION | 4,149 | 4,149 | ||||||||
TOTAL SYNDICATED LOANS BEFORE ALLOWANCE FOR LOAN LOSSES | 147,500 | 147,500 | ||||||||
ALLOWANCE FOR LOAN LOSSES | (681 | ) | (681 | ) | ||||||
TOTAL SYNDICATED LOANS - NET | 146,819 | 146,819 |
F-51
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
DERIVATIVES | ||||||||||
PURCHASED OPTIONS | ||||||||||
BNP PARIBAS SA | 1/14/2020 | — | 96 | 96 | ||||||
BNP PARIBAS SA | 1/21/2020 | — | 190 | 190 | ||||||
BNP PARIBAS SA | 2/11/2020 | — | 179 | 179 | ||||||
BNP PARIBAS SA | 3/17/2020 | — | 177 | 177 | ||||||
BNP PARIBAS SA | 3/24/2020 | — | 174 | 174 | ||||||
BNP PARIBAS SA | 3/31/2020 | — | 87 | 87 | ||||||
BNP PARIBAS SA | 5/19/2020 | — | 251 | 251 | ||||||
BNP PARIBAS SA | 5/26/2020 | — | 82 | 82 | ||||||
BNP PARIBAS SA | 6/2/2020 | — | 81 | 81 | ||||||
BNP PARIBAS SA | 6/16/2020 | — | 80 | 80 | ||||||
BNP PARIBAS SA | 6/30/2020 | — | 81 | 81 | ||||||
BNP PARIBAS SA | 7/7/2020 | — | 81 | 81 | ||||||
BNP PARIBAS SA | 7/14/2020 | — | 78 | 78 | ||||||
BNP PARIBAS SA | 8/4/2020 | — | 154 | 154 | ||||||
BNP PARIBAS SA | 9/15/2020 | — | 74 | 74 | ||||||
BNP PARIBAS SA | 9/29/2020 | — | 72 | 72 | ||||||
BNP PARIBAS SA | 10/20/2020 | — | 70 | 70 | ||||||
BNP PARIBAS SA | 10/27/2020 | — | 69 | 69 | ||||||
BNP PARIBAS SA | 11/17/2020 | — | 135 | 135 | ||||||
BNP PARIBAS SA | 11/24/2020 | — | 65 | 65 | ||||||
BNP PARIBAS SA | 12/1/2020 | — | 65 | 65 | ||||||
BNP PARIBAS SA | 12/15/2020 | — | 61 | 61 | ||||||
BNP PARIBAS SA | 1/21/2020 | — | 39 | 39 | ||||||
BNP PARIBAS SA | 1/19/2021 | 1 | 242 | 242 | ||||||
BNP PARIBAS SA | 2/4/2020 | — | 54 | 54 | ||||||
BNP PARIBAS SA | 2/2/2021 | — | 61 | 61 | ||||||
BNP PARIBAS SA | 2/18/2020 | — | 52 | 52 | ||||||
BNP PARIBAS SA | 2/16/2021 | — | 118 | 118 | ||||||
BNP PARIBAS SA | 2/25/2020 | — | 49 | 49 | ||||||
BNP PARIBAS SA | 2/23/2021 | — | 57 | 57 | ||||||
BNP PARIBAS SA | 3/3/2020 | — | 102 | 102 | ||||||
BNP PARIBAS SA | 3/2/2021 | — | 58 | 58 | ||||||
BNP PARIBAS SA | 3/31/2020 | — | 62 | 62 | ||||||
BNP PARIBAS SA | 3/30/2021 | — | 68 | 68 | ||||||
BNP PARIBAS SA | 4/14/2020 | — | 54 | 54 | ||||||
BNP PARIBAS SA | 4/13/2021 | — | 61 | 61 | ||||||
BNP PARIBAS SA | 4/28/2020 | — | 59 | 59 | ||||||
BNP PARIBAS SA | 4/27/2021 | — | 65 | 65 | ||||||
BNP PARIBAS SA | 8/4/2020 | — | 85 | 85 | ||||||
BNP PARIBAS SA | 8/3/2021 | — | 51 | 51 | ||||||
BNP PARIBAS SA | 8/11/2020 | — | 44 | 44 | ||||||
BNP PARIBAS SA | 8/10/2021 | — | 209 | 209 |
F-52
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
BNP PARIBAS SA | 8/18/2020 | — | 43 | 43 | ||||||
BNP PARIBAS SA | 8/17/2021 | — | 51 | 51 | ||||||
BNP PARIBAS SA | 9/29/2020 | — | 39 | 39 | ||||||
BNP PARIBAS SA | 9/28/2021 | — | 47 | 47 | ||||||
BNP PARIBAS SA | 10/27/2020 | — | 60 | 60 | ||||||
BNP PARIBAS SA | 10/26/2021 | — | 131 | 131 | ||||||
BNP PARIBAS SA | 11/3/2020 | — | 54 | 54 | ||||||
BNP PARIBAS SA | 11/2/2021 | — | 121 | 121 | ||||||
BNP PARIBAS SA | 2/4/2020 | 2 | 894 | 894 | ||||||
BNP PARIBAS SA | 2/1/2022 | — | 125 | 125 | ||||||
BNP PARIBAS SA | 3/31/2020 | 2 | 841 | 841 | ||||||
BNP PARIBAS SA | 3/30/2021 | — | 95 | 95 | ||||||
BNP PARIBAS SA | 3/29/2022 | — | 108 | 108 | ||||||
BNP PARIBAS SA | 4/14/2020 | 2 | 770 | 770 | ||||||
BNP PARIBAS SA | 4/13/2021 | — | 45 | 45 | ||||||
BNP PARIBAS SA | 4/12/2022 | — | 103 | 103 | ||||||
BNP PARIBAS SA | 4/21/2020 | 2 | 691 | 691 | ||||||
BNP PARIBAS SA | 4/19/2022 | — | 50 | 50 | ||||||
BNP PARIBAS SA | 6/30/2020 | 2 | 606 | 606 | ||||||
BNP PARIBAS SA | 6/29/2021 | — | 125 | 125 | ||||||
BNP PARIBAS SA | 6/28/2022 | — | 97 | 97 | ||||||
BNP PARIBAS SA | 7/14/2020 | 2 | 567 | 567 | ||||||
BNP PARIBAS SA | 7/13/2021 | — | 40 | 40 | ||||||
BNP PARIBAS SA | 9/1/2020 | 2 | 708 | 708 | ||||||
BNP PARIBAS SA | 9/8/2020 | 2 | 571 | 571 | ||||||
BNP PARIBAS SA | 9/22/2020 | 2 | 666 | 666 | ||||||
BNP PARIBAS SA | 9/20/2022 | — | 101 | 101 | ||||||
BNP PARIBAS SA | 10/13/2020 | 2 | 569 | 569 | ||||||
BNP PARIBAS SA | 10/11/2022 | — | 98 | 98 | ||||||
BNP PARIBAS SA | 11/3/2020 | 2 | 428 | 428 | ||||||
BNP PARIBAS SA | 11/1/2022 | — | 45 | 45 | ||||||
BNP PARIBAS SA | 11/10/2020 | 2 | 495 | 495 | ||||||
BNP PARIBAS SA | 11/17/2020 | 2 | 387 | 387 | ||||||
BNP PARIBAS SA | 11/15/2022 | — | 85 | 85 | ||||||
BNP PARIBAS SA | 12/1/2020 | 2 | 421 | 421 | ||||||
BNP PARIBAS SA | 11/30/2021 | — | 37 | 37 | ||||||
BNP PARIBAS SA | 12/22/2020 | 2 | 301 | 301 | ||||||
WELLS FARGO BANK NA | 10/27/2020 | 2 | 591 | 591 | ||||||
WELLS FARGO BANK NA | 10/25/2022 | — | 47 | 47 | ||||||
WELLS FARGO BANK NA | 1/7/2020 | — | 96 | 96 | ||||||
WELLS FARGO BANK NA | 1/28/2020 | — | 191 | 191 | ||||||
WELLS FARGO BANK NA | 2/4/2020 | — | 94 | 94 | ||||||
WELLS FARGO BANK NA | 2/18/2020 | — | 87 | 87 | ||||||
WELLS FARGO BANK NA | 2/25/2020 | — | 260 | 260 |
F-53
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO BANK NA | 3/3/2020 | — | 86 | 86 | ||||||
WELLS FARGO BANK NA | 3/10/2020 | — | 86 | 86 | ||||||
WELLS FARGO BANK NA | 4/7/2020 | — | 175 | 175 | ||||||
WELLS FARGO BANK NA | 4/14/2020 | — | 89 | 89 | ||||||
WELLS FARGO BANK NA | 4/21/2020 | — | 84 | 84 | ||||||
WELLS FARGO BANK NA | 4/28/2020 | — | 84 | 84 | ||||||
WELLS FARGO BANK NA | 5/5/2020 | — | 168 | 168 | ||||||
WELLS FARGO BANK NA | 5/12/2020 | — | 83 | 83 | ||||||
WELLS FARGO BANK NA | 6/9/2020 | — | 80 | 80 | ||||||
WELLS FARGO BANK NA | 6/23/2020 | — | 82 | 82 | ||||||
WELLS FARGO BANK NA | 7/21/2020 | — | 77 | 77 | ||||||
WELLS FARGO BANK NA | 7/28/2020 | — | 77 | 77 | ||||||
WELLS FARGO BANK NA | 8/11/2020 | — | 78 | 78 | ||||||
WELLS FARGO BANK NA | 8/18/2020 | — | 158 | 158 | ||||||
WELLS FARGO BANK NA | 8/25/2020 | — | 80 | 80 | ||||||
WELLS FARGO BANK NA | 9/8/2020 | — | 75 | 75 | ||||||
WELLS FARGO BANK NA | 9/22/2020 | — | 75 | 75 | ||||||
WELLS FARGO BANK NA | 10/6/2020 | — | 71 | 71 | ||||||
WELLS FARGO BANK NA | 10/13/2020 | — | 70 | 70 | ||||||
WELLS FARGO BANK NA | 11/10/2020 | — | 138 | 138 | ||||||
WELLS FARGO BANK NA | 12/8/2020 | — | 62 | 62 | ||||||
WELLS FARGO BANK NA | 12/29/2020 | — | 60 | 60 | ||||||
WELLS FARGO BANK NA | 1/7/2020 | — | 48 | 48 | ||||||
WELLS FARGO BANK NA | 1/5/2021 | — | 55 | 55 | ||||||
WELLS FARGO BANK NA | 1/14/2020 | — | 46 | 46 | ||||||
WELLS FARGO BANK NA | 1/12/2021 | — | 53 | 53 | ||||||
WELLS FARGO BANK NA | 1/28/2020 | — | 83 | 83 | ||||||
WELLS FARGO BANK NA | 1/26/2021 | — | 50 | 50 | ||||||
WELLS FARGO BANK NA | 2/11/2020 | — | 57 | 57 | ||||||
WELLS FARGO BANK NA | 2/9/2021 | — | 63 | 63 | ||||||
WELLS FARGO BANK NA | 3/10/2020 | — | 95 | 95 | ||||||
WELLS FARGO BANK NA | 3/9/2021 | — | 110 | 110 | ||||||
WELLS FARGO BANK NA | 3/17/2020 | — | 52 | 52 | ||||||
WELLS FARGO BANK NA | 3/16/2021 | — | 59 | 59 | ||||||
WELLS FARGO BANK NA | 3/24/2020 | — | 62 | 62 | ||||||
WELLS FARGO BANK NA | 4/7/2020 | — | 175 | 175 | ||||||
WELLS FARGO BANK NA | 4/6/2021 | — | 64 | 64 | ||||||
WELLS FARGO BANK NA | 4/21/2020 | — | 61 | 61 | ||||||
WELLS FARGO BANK NA | 4/20/2021 | — | 67 | 67 | ||||||
WELLS FARGO BANK NA | 5/5/2020 | — | 57 | 57 | ||||||
WELLS FARGO BANK NA | 5/4/2021 | — | 64 | 64 | ||||||
WELLS FARGO BANK NA | 5/12/2020 | — | 107 | 107 | ||||||
WELLS FARGO BANK NA | 5/11/2021 | — | 61 | 61 | ||||||
WELLS FARGO BANK NA | 5/19/2020 | — | 53 | 53 |
F-54
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO BANK NA | 5/26/2020 | — | 112 | 112 | ||||||
WELLS FARGO BANK NA | 5/25/2021 | — | 63 | 63 | ||||||
WELLS FARGO BANK NA | 6/1/2021 | — | 58 | 58 | ||||||
WELLS FARGO BANK NA | 6/9/2020 | — | 95 | 95 | ||||||
WELLS FARGO BANK NA | 6/8/2021 | — | 55 | 55 | ||||||
WELLS FARGO BANK NA | 6/16/2020 | — | 50 | 50 | ||||||
WELLS FARGO BANK NA | 6/15/2021 | — | 57 | 57 | ||||||
WELLS FARGO BANK NA | 6/23/2020 | — | 53 | 53 | ||||||
WELLS FARGO BANK NA | 6/22/2021 | — | 60 | 60 | ||||||
WELLS FARGO BANK NA | 6/30/2020 | — | 55 | 55 | ||||||
WELLS FARGO BANK NA | 6/29/2021 | — | 123 | 123 | ||||||
WELLS FARGO BANK NA | 7/7/2020 | — | 47 | 47 | ||||||
WELLS FARGO BANK NA | 7/6/2021 | — | 55 | 55 | ||||||
WELLS FARGO BANK NA | 7/14/2020 | — | 46 | 46 | ||||||
WELLS FARGO BANK NA | 7/13/2021 | — | 108 | 108 | ||||||
WELLS FARGO BANK NA | 7/21/2020 | — | 91 | 91 | ||||||
WELLS FARGO BANK NA | 7/20/2021 | — | 53 | 53 | ||||||
WELLS FARGO BANK NA | 7/28/2020 | — | 46 | 46 | ||||||
WELLS FARGO BANK NA | 7/27/2021 | — | 54 | 54 | ||||||
WELLS FARGO BANK NA | 8/24/2021 | — | 48 | 48 | ||||||
WELLS FARGO BANK NA | 9/1/2020 | — | 40 | 40 | ||||||
WELLS FARGO BANK NA | 8/31/2021 | — | 48 | 48 | ||||||
WELLS FARGO BANK NA | 9/8/2020 | — | 41 | 41 | ||||||
WELLS FARGO BANK NA | 9/7/2021 | — | 147 | 147 | ||||||
WELLS FARGO BANK NA | 9/15/2020 | — | 80 | 80 | ||||||
WELLS FARGO BANK NA | 9/14/2021 | — | 144 | 144 | ||||||
WELLS FARGO BANK NA | 9/22/2020 | — | 39 | 39 | ||||||
WELLS FARGO BANK NA | 9/21/2021 | — | 95 | 95 | ||||||
WELLS FARGO BANK NA | 10/6/2020 | — | 43 | 43 | ||||||
WELLS FARGO BANK NA | 10/5/2021 | — | 100 | 100 | ||||||
WELLS FARGO BANK NA | 10/13/2020 | — | 97 | 97 | ||||||
WELLS FARGO BANK NA | 10/12/2021 | — | 111 | 111 | ||||||
WELLS FARGO BANK NA | 10/20/2020 | — | 109 | 109 | ||||||
WELLS FARGO BANK NA | 10/19/2021 | — | 121 | 121 | ||||||
WELLS FARGO BANK NA | 11/10/2020 | — | 57 | 57 | ||||||
WELLS FARGO BANK NA | 11/9/2021 | — | 125 | 125 | ||||||
WELLS FARGO BANK NA | 11/17/2020 | — | 127 | 127 | ||||||
WELLS FARGO BANK NA | 11/16/2021 | — | 137 | 137 | ||||||
WELLS FARGO BANK NA | 11/23/2021 | — | 65 | 65 | ||||||
WELLS FARGO BANK NA | 12/1/2020 | — | 59 | 59 | ||||||
WELLS FARGO BANK NA | 11/30/2021 | — | 64 | 64 | ||||||
WELLS FARGO BANK NA | 12/8/2020 | — | 64 | 64 | ||||||
WELLS FARGO BANK NA | 12/7/2021 | — | 138 | 138 | ||||||
WELLS FARGO BANK NA | 12/15/2020 | — | 144 | 144 |
F-55
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO BANK NA | 12/14/2021 | — | 228 | 228 | ||||||
WELLS FARGO BANK NA | 12/22/2020 | — | 179 | 179 | ||||||
WELLS FARGO BANK NA | 12/21/2021 | — | 368 | 368 | ||||||
WELLS FARGO BANK NA | 12/29/2020 | — | 76 | 76 | ||||||
WELLS FARGO BANK NA | 12/28/2021 | — | 159 | 159 | ||||||
WELLS FARGO BANK NA | 1/7/2020 | 2 | 1,313 | 1,313 | ||||||
WELLS FARGO BANK NA | 1/5/2021 | — | 140 | 140 | ||||||
WELLS FARGO BANK NA | 1/4/2022 | — | 149 | 149 | ||||||
WELLS FARGO BANK NA | 1/14/2020 | 2 | 1,488 | 1,488 | ||||||
WELLS FARGO BANK NA | 1/12/2021 | — | 67 | 67 | ||||||
WELLS FARGO BANK NA | 1/11/2022 | — | 143 | 143 | ||||||
WELLS FARGO BANK NA | 1/21/2020 | 2 | 1,253 | 1,253 | ||||||
WELLS FARGO BANK NA | 1/19/2021 | — | 65 | 65 | ||||||
WELLS FARGO BANK NA | 1/18/2022 | — | 70 | 70 | ||||||
WELLS FARGO BANK NA | 1/28/2020 | 2 | 1,246 | 1,246 | ||||||
WELLS FARGO BANK NA | 1/26/2021 | — | 129 | 129 | ||||||
WELLS FARGO BANK NA | 1/25/2022 | — | 139 | 139 | ||||||
WELLS FARGO BANK NA | 2/11/2020 | 2 | 1,077 | 1,077 | ||||||
WELLS FARGO BANK NA | 2/9/2021 | — | 225 | 225 | ||||||
WELLS FARGO BANK NA | 2/8/2022 | — | 186 | 186 | ||||||
WELLS FARGO BANK NA | 2/18/2020 | 2 | 818 | 818 | ||||||
WELLS FARGO BANK NA | 2/16/2021 | — | 107 | 107 | ||||||
WELLS FARGO BANK NA | 2/15/2022 | — | 119 | 119 | ||||||
WELLS FARGO BANK NA | 2/25/2020 | 2 | 797 | 797 | ||||||
WELLS FARGO BANK NA | 2/23/2021 | — | 105 | 105 | ||||||
WELLS FARGO BANK NA | 2/22/2022 | — | 117 | 117 | ||||||
WELLS FARGO BANK NA | 3/3/2020 | 2 | 941 | 941 | ||||||
WELLS FARGO BANK NA | 3/2/2021 | — | 53 | 53 | ||||||
WELLS FARGO BANK NA | 3/1/2022 | — | 59 | 59 | ||||||
WELLS FARGO BANK NA | 3/10/2020 | 2 | 896 | 896 | ||||||
WELLS FARGO BANK NA | 3/9/2021 | — | 53 | 53 | ||||||
WELLS FARGO BANK NA | 3/8/2022 | — | 177 | 177 | ||||||
WELLS FARGO BANK NA | 3/17/2020 | 2 | 943 | 943 | ||||||
WELLS FARGO BANK NA | 3/16/2021 | — | 50 | 50 | ||||||
WELLS FARGO BANK NA | 3/15/2022 | — | 56 | 56 | ||||||
WELLS FARGO BANK NA | 3/24/2020 | 2 | 808 | 808 | ||||||
WELLS FARGO BANK NA | 3/23/2021 | — | 103 | 103 | ||||||
WELLS FARGO BANK NA | 3/22/2022 | — | 115 | 115 | ||||||
WELLS FARGO BANK NA | 4/7/2020 | 2 | 749 | 749 | ||||||
WELLS FARGO BANK NA | 4/6/2021 | — | 47 | 47 | ||||||
WELLS FARGO BANK NA | 4/5/2022 | 1 | 267 | 267 | ||||||
WELLS FARGO BANK NA | 4/28/2020 | 2 | 581 | 581 | ||||||
WELLS FARGO BANK NA | 4/27/2021 | — | 43 | 43 | ||||||
WELLS FARGO BANK NA | 4/26/2022 | — | 49 | 49 |
F-56
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO BANK NA | 5/5/2020 | 2 | 759 | 759 | ||||||
WELLS FARGO BANK NA | 5/3/2022 | — | 108 | 108 | ||||||
WELLS FARGO BANK NA | 5/12/2020 | 2 | 764 | 764 | ||||||
WELLS FARGO BANK NA | 5/11/2021 | — | 51 | 51 | ||||||
WELLS FARGO BANK NA | 5/10/2022 | — | 114 | 114 | ||||||
WELLS FARGO BANK NA | 5/19/2020 | 2 | 958 | 958 | ||||||
WELLS FARGO BANK NA | 5/26/2020 | 2 | 958 | 958 | ||||||
WELLS FARGO BANK NA | 5/24/2022 | — | 119 | 119 | ||||||
WELLS FARGO BANK NA | 6/2/2020 | 2 | 869 | 869 | ||||||
WELLS FARGO BANK NA | 6/1/2021 | — | 54 | 54 | ||||||
WELLS FARGO BANK NA | 5/31/2022 | — | 60 | 60 | ||||||
WELLS FARGO BANK NA | 6/9/2020 | 2 | 734 | 734 | ||||||
WELLS FARGO BANK NA | 6/16/2020 | 2 | 650 | 650 | ||||||
WELLS FARGO BANK NA | 6/15/2021 | — | 91 | 91 | ||||||
WELLS FARGO BANK NA | 6/14/2022 | — | 104 | 104 | ||||||
WELLS FARGO BANK NA | 6/23/2020 | 2 | 728 | 728 | ||||||
WELLS FARGO BANK NA | 6/22/2021 | — | 91 | 91 | ||||||
WELLS FARGO BANK NA | 6/21/2022 | — | 104 | 104 | ||||||
WELLS FARGO BANK NA | 7/7/2020 | 2 | 604 | 604 | ||||||
WELLS FARGO BANK NA | 7/21/2020 | 2 | 575 | 575 | ||||||
WELLS FARGO BANK NA | 7/28/2020 | 2 | 598 | 598 | ||||||
WELLS FARGO BANK NA | 7/27/2021 | — | 40 | 40 | ||||||
WELLS FARGO BANK NA | 7/26/2022 | — | 47 | 47 | ||||||
WELLS FARGO BANK NA | 8/4/2020 | 2 | 858 | 858 | ||||||
WELLS FARGO BANK NA | 8/3/2021 | — | 98 | 98 | ||||||
WELLS FARGO BANK NA | 8/11/2020 | 2 | 745 | 745 | ||||||
WELLS FARGO BANK NA | 8/18/2020 | 2 | 712 | 712 | ||||||
WELLS FARGO BANK NA | 8/16/2022 | — | 109 | 109 | ||||||
WELLS FARGO BANK NA | 8/25/2020 | 2 | 804 | 804 | ||||||
WELLS FARGO BANK NA | 9/15/2020 | 2 | 575 | 575 | ||||||
WELLS FARGO BANK NA | 9/13/2022 | — | 48 | 48 | ||||||
WELLS FARGO BANK NA | 9/29/2020 | 2 | 638 | 638 | ||||||
WELLS FARGO BANK NA | 9/27/2022 | — | 53 | 53 | ||||||
WELLS FARGO BANK NA | 10/6/2020 | 2 | 664 | 664 | ||||||
WELLS FARGO BANK NA | 10/5/2021 | — | 49 | 49 | ||||||
WELLS FARGO BANK NA | 10/4/2022 | — | 111 | 111 | ||||||
WELLS FARGO BANK NA | 10/20/2020 | 2 | 508 | 508 | ||||||
WELLS FARGO BANK NA | 11/24/2020 | 2 | 395 | 395 | ||||||
WELLS FARGO BANK NA | 12/8/2020 | 1 | 332 | 332 | ||||||
WELLS FARGO BANK NA | 12/15/2020 | 2 | 329 | 329 | ||||||
TOTAL PURCHASED OPTIONS | 56,038 | 56,038 | ||||||||
WRITTEN OPTIONS | ||||||||||
BNP PARIBAS SA | 1/14/2020 | — | (82 | ) | (82 | ) |
F-57
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
BNP PARIBAS SA | 1/21/2020 | — | (153 | ) | (153 | ) | ||||
BNP PARIBAS SA | 2/11/2020 | — | (141 | ) | (141 | ) | ||||
BNP PARIBAS SA | 3/17/2020 | — | (139 | ) | (139 | ) | ||||
BNP PARIBAS SA | 3/24/2020 | — | (137 | ) | (137 | ) | ||||
BNP PARIBAS SA | 3/31/2020 | — | (68 | ) | (68 | ) | ||||
BNP PARIBAS SA | 5/19/2020 | — | (195 | ) | (195 | ) | ||||
BNP PARIBAS SA | 5/26/2020 | — | (63 | ) | (63 | ) | ||||
BNP PARIBAS SA | 6/2/2020 | — | (62 | ) | (62 | ) | ||||
BNP PARIBAS SA | 6/16/2020 | — | (61 | ) | (61 | ) | ||||
BNP PARIBAS SA | 6/30/2020 | — | (62 | ) | (62 | ) | ||||
BNP PARIBAS SA | 7/7/2020 | — | (63 | ) | (63 | ) | ||||
BNP PARIBAS SA | 7/14/2020 | — | (59 | ) | (59 | ) | ||||
BNP PARIBAS SA | 8/4/2020 | — | (117 | ) | (117 | ) | ||||
BNP PARIBAS SA | 9/15/2020 | — | (56 | ) | (56 | ) | ||||
BNP PARIBAS SA | 9/29/2020 | — | (54 | ) | (54 | ) | ||||
BNP PARIBAS SA | 10/20/2020 | — | (51 | ) | (51 | ) | ||||
BNP PARIBAS SA | 10/27/2020 | — | (51 | ) | (51 | ) | ||||
BNP PARIBAS SA | 11/17/2020 | — | (99 | ) | (99 | ) | ||||
BNP PARIBAS SA | 11/24/2020 | — | (47 | ) | (47 | ) | ||||
BNP PARIBAS SA | 12/1/2020 | — | (47 | ) | (47 | ) | ||||
BNP PARIBAS SA | 12/15/2020 | — | (43 | ) | (43 | ) | ||||
BNP PARIBAS SA | 1/21/2020 | — | (27 | ) | (27 | ) | ||||
BNP PARIBAS SA | 1/19/2021 | (1 | ) | (146 | ) | (146 | ) | |||
BNP PARIBAS SA | 2/4/2020 | — | (42 | ) | (42 | ) | ||||
BNP PARIBAS SA | 2/2/2021 | — | (41 | ) | (41 | ) | ||||
BNP PARIBAS SA | 2/18/2020 | — | (40 | ) | (40 | ) | ||||
BNP PARIBAS SA | 2/16/2021 | — | (79 | ) | (79 | ) | ||||
BNP PARIBAS SA | 2/25/2020 | — | (37 | ) | (37 | ) | ||||
BNP PARIBAS SA | 2/23/2021 | — | (38 | ) | (38 | ) | ||||
BNP PARIBAS SA | 3/3/2020 | — | (74 | ) | (74 | ) | ||||
BNP PARIBAS SA | 3/2/2021 | — | (37 | ) | (37 | ) | ||||
BNP PARIBAS SA | 3/31/2020 | — | (49 | ) | (49 | ) | ||||
BNP PARIBAS SA | 3/30/2021 | — | (47 | ) | (47 | ) | ||||
BNP PARIBAS SA | 4/14/2020 | — | (40 | ) | (40 | ) | ||||
BNP PARIBAS SA | 4/13/2021 | — | (40 | ) | (40 | ) | ||||
BNP PARIBAS SA | 4/28/2020 | — | (43 | ) | (43 | ) | ||||
BNP PARIBAS SA | 4/27/2021 | — | (40 | ) | (40 | ) | ||||
BNP PARIBAS SA | 8/4/2020 | — | (52 | ) | (52 | ) | ||||
BNP PARIBAS SA | 8/3/2021 | — | (25 | ) | (25 | ) | ||||
BNP PARIBAS SA | 8/11/2020 | — | (28 | ) | (28 | ) | ||||
BNP PARIBAS SA | 8/10/2021 | — | (106 | ) | (106 | ) | ||||
BNP PARIBAS SA | 8/18/2020 | — | (26 | ) | (26 | ) | ||||
BNP PARIBAS SA | 8/17/2021 | — | (25 | ) | (25 | ) | ||||
BNP PARIBAS SA | 9/29/2020 | — | (23 | ) | (23 | ) |
F-58
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
BNP PARIBAS SA | 9/28/2021 | — | (22 | ) | (22 | ) | ||||
BNP PARIBAS SA | 10/27/2020 | — | (43 | ) | (43 | ) | ||||
BNP PARIBAS SA | 10/26/2021 | — | (79 | ) | (79 | ) | ||||
BNP PARIBAS SA | 11/2/2021 | — | (69 | ) | (69 | ) | ||||
BNP PARIBAS SA | 11/3/2020 | — | (38 | ) | (38 | ) | ||||
BNP PARIBAS SA | 2/4/2020 | (2 | ) | (724 | ) | (724 | ) | |||
BNP PARIBAS SA | 2/1/2022 | — | (69 | ) | (69 | ) | ||||
BNP PARIBAS SA | 3/31/2020 | (2 | ) | (655 | ) | (655 | ) | |||
BNP PARIBAS SA | 3/30/2021 | — | (65 | ) | (65 | ) | ||||
BNP PARIBAS SA | 3/29/2022 | — | (60 | ) | (60 | ) | ||||
BNP PARIBAS SA | 4/14/2020 | (2 | ) | (587 | ) | (587 | ) | |||
BNP PARIBAS SA | 4/13/2021 | — | (30 | ) | (30 | ) | ||||
BNP PARIBAS SA | 4/12/2022 | — | (56 | ) | (56 | ) | ||||
BNP PARIBAS SA | 4/21/2020 | (2 | ) | (519 | ) | (519 | ) | |||
BNP PARIBAS SA | 4/19/2022 | — | (26 | ) | (26 | ) | ||||
BNP PARIBAS SA | 6/30/2020 | (2 | ) | (493 | ) | (493 | ) | |||
BNP PARIBAS SA | 6/29/2021 | — | (92 | ) | (92 | ) | ||||
BNP PARIBAS SA | 6/28/2022 | — | (60 | ) | (60 | ) | ||||
BNP PARIBAS SA | 7/14/2020 | (2 | ) | (456 | ) | (456 | ) | |||
BNP PARIBAS SA | 7/13/2021 | — | (29 | ) | (29 | ) | ||||
BNP PARIBAS SA | 9/1/2020 | (2 | ) | (613 | ) | (613 | ) | |||
BNP PARIBAS SA | 9/8/2020 | (2 | ) | (483 | ) | (483 | ) | |||
BNP PARIBAS SA | 9/22/2020 | (2 | ) | (589 | ) | (589 | ) | |||
BNP PARIBAS SA | 9/20/2022 | — | (76 | ) | (76 | ) | ||||
BNP PARIBAS SA | 10/13/2020 | (2 | ) | (501 | ) | (501 | ) | |||
BNP PARIBAS SA | 10/11/2022 | — | (74 | ) | (74 | ) | ||||
BNP PARIBAS SA | 11/3/2020 | (2 | ) | (371 | ) | (371 | ) | |||
BNP PARIBAS SA | 11/1/2022 | — | (33 | ) | (33 | ) | ||||
BNP PARIBAS SA | 11/10/2020 | (2 | ) | (428 | ) | (428 | ) | |||
BNP PARIBAS SA | 11/17/2020 | (2 | ) | (332 | ) | (332 | ) | |||
BNP PARIBAS SA | 11/15/2022 | — | (62 | ) | (62 | ) | ||||
BNP PARIBAS SA | 12/1/2020 | (2 | ) | (365 | ) | (365 | ) | |||
BNP PARIBAS SA | 11/30/2021 | — | (30 | ) | (30 | ) | ||||
BNP PARIBAS SA | 12/22/2020 | (2 | ) | (256 | ) | (256 | ) | |||
WELLS FARGO BANK NA | 9/29/2020 | (2 | ) | (570 | ) | (570 | ) | |||
WELLS FARGO BANK NA | 10/27/2020 | (2 | ) | (517 | ) | (517 | ) | |||
WELLS FARGO BANK NA | 10/25/2022 | — | (35 | ) | (35 | ) | ||||
WELLS FARGO BANK NA | 1/7/2020 | — | (82 | ) | (82 | ) | ||||
WELLS FARGO BANK NA | 1/28/2020 | — | (153 | ) | (153 | ) | ||||
WELLS FARGO BANK NA | 2/4/2020 | — | (75 | ) | (75 | ) | ||||
WELLS FARGO BANK NA | 2/18/2020 | — | (67 | ) | (67 | ) | ||||
WELLS FARGO BANK NA | 2/25/2020 | — | (202 | ) | (202 | ) | ||||
WELLS FARGO BANK NA | 3/3/2020 | — | (67 | ) | (67 | ) | ||||
WELLS FARGO BANK NA | 3/10/2020 | — | (67 | ) | (67 | ) |
F-59
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO BANK NA | 4/7/2020 | — | (138 | ) | (138 | ) | ||||
WELLS FARGO BANK NA | 4/14/2020 | — | (70 | ) | (70 | ) | ||||
WELLS FARGO BANK NA | 4/21/2020 | — | (65 | ) | (65 | ) | ||||
WELLS FARGO BANK NA | 4/28/2020 | — | (65 | ) | (65 | ) | ||||
WELLS FARGO BANK NA | 5/5/2020 | — | (130 | ) | (130 | ) | ||||
WELLS FARGO BANK NA | 5/12/2020 | — | (64 | ) | (64 | ) | ||||
WELLS FARGO BANK NA | 6/9/2020 | — | (61 | ) | (61 | ) | ||||
WELLS FARGO BANK NA | 6/23/2020 | — | (63 | ) | (63 | ) | ||||
WELLS FARGO BANK NA | 7/21/2020 | — | (58 | ) | (58 | ) | ||||
WELLS FARGO BANK NA | 7/28/2020 | — | (58 | ) | (58 | ) | ||||
WELLS FARGO BANK NA | 8/11/2020 | — | (60 | ) | (60 | ) | ||||
WELLS FARGO BANK NA | 8/18/2020 | — | (122 | ) | (122 | ) | ||||
WELLS FARGO BANK NA | 8/25/2020 | — | (62 | ) | (62 | ) | ||||
WELLS FARGO BANK NA | 9/8/2020 | — | (57 | ) | (57 | ) | ||||
WELLS FARGO BANK NA | 9/22/2020 | — | (57 | ) | (57 | ) | ||||
WELLS FARGO BANK NA | 10/6/2020 | — | (53 | ) | (53 | ) | ||||
WELLS FARGO BANK NA | 10/13/2020 | — | (52 | ) | (52 | ) | ||||
WELLS FARGO BANK NA | 11/10/2020 | — | (102 | ) | (102 | ) | ||||
WELLS FARGO BANK NA | 12/8/2020 | — | (44 | ) | (44 | ) | ||||
WELLS FARGO BANK NA | 12/29/2020 | — | (42 | ) | (42 | ) | ||||
WELLS FARGO BANK NA | 1/7/2020 | — | (36 | ) | (36 | ) | ||||
WELLS FARGO BANK NA | 1/5/2021 | — | (36 | ) | (36 | ) | ||||
WELLS FARGO BANK NA | 1/14/2020 | — | (33 | ) | (33 | ) | ||||
WELLS FARGO BANK NA | 1/12/2021 | — | (34 | ) | (34 | ) | ||||
WELLS FARGO BANK NA | 1/28/2020 | — | (58 | ) | (58 | ) | ||||
WELLS FARGO BANK NA | 1/26/2021 | — | (31 | ) | (31 | ) | ||||
WELLS FARGO BANK NA | 2/11/2020 | — | (45 | ) | (45 | ) | ||||
WELLS FARGO BANK NA | 2/9/2021 | — | (44 | ) | (44 | ) | ||||
WELLS FARGO BANK NA | 3/10/2020 | — | (67 | ) | (67 | ) | ||||
WELLS FARGO BANK NA | 3/9/2021 | — | (69 | ) | (69 | ) | ||||
WELLS FARGO BANK NA | 3/17/2020 | — | (38 | ) | (38 | ) | ||||
WELLS FARGO BANK NA | 3/16/2021 | — | (38 | ) | (38 | ) | ||||
WELLS FARGO BANK NA | 3/24/2020 | — | (49 | ) | (49 | ) | ||||
WELLS FARGO BANK NA | 4/7/2020 | — | (135 | ) | (135 | ) | ||||
WELLS FARGO BANK NA | 4/6/2021 | — | (44 | ) | (44 | ) | ||||
WELLS FARGO BANK NA | 4/21/2020 | — | (48 | ) | (48 | ) | ||||
WELLS FARGO BANK NA | 4/20/2021 | — | (46 | ) | (46 | ) | ||||
WELLS FARGO BANK NA | 5/5/2020 | — | (41 | ) | (41 | ) | ||||
WELLS FARGO BANK NA | 5/4/2021 | — | (39 | ) | (39 | ) | ||||
WELLS FARGO BANK NA | 5/12/2020 | — | (76 | ) | (76 | ) | ||||
WELLS FARGO BANK NA | 5/11/2021 | — | (36 | ) | (36 | ) | ||||
WELLS FARGO BANK NA | 5/19/2020 | — | (37 | ) | (37 | ) | ||||
WELLS FARGO BANK NA | 5/26/2020 | — | (80 | ) | (80 | ) | ||||
WELLS FARGO BANK NA | 5/25/2021 | — | (38 | ) | (38 | ) |
F-60
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO BANK NA | 6/1/2021 | — | (34 | ) | (34 | ) | ||||
WELLS FARGO BANK NA | 6/9/2020 | — | (60 | ) | (60 | ) | ||||
WELLS FARGO BANK NA | 6/8/2021 | — | (29 | ) | (29 | ) | ||||
WELLS FARGO BANK NA | 6/16/2020 | — | (32 | ) | (32 | ) | ||||
WELLS FARGO BANK NA | 6/15/2021 | — | (30 | ) | (30 | ) | ||||
WELLS FARGO BANK NA | 6/23/2020 | — | (36 | ) | (36 | ) | ||||
WELLS FARGO BANK NA | 6/22/2021 | — | (34 | ) | (34 | ) | ||||
WELLS FARGO BANK NA | 6/30/2020 | — | (37 | ) | (37 | ) | ||||
WELLS FARGO BANK NA | 6/29/2021 | — | (69 | ) | (69 | ) | ||||
WELLS FARGO BANK NA | 7/7/2020 | — | (30 | ) | (30 | ) | ||||
WELLS FARGO BANK NA | 7/6/2021 | — | (29 | ) | (29 | ) | ||||
WELLS FARGO BANK NA | 7/14/2020 | — | (29 | ) | (29 | ) | ||||
WELLS FARGO BANK NA | 7/13/2021 | — | (56 | ) | (56 | ) | ||||
WELLS FARGO BANK NA | 7/21/2020 | — | (58 | ) | (58 | ) | ||||
WELLS FARGO BANK NA | 7/20/2021 | — | (27 | ) | (27 | ) | ||||
WELLS FARGO BANK NA | 7/28/2020 | — | (29 | ) | (29 | ) | ||||
WELLS FARGO BANK NA | 7/27/2021 | — | (28 | ) | (28 | ) | ||||
WELLS FARGO BANK NA | 8/24/2021 | — | (23 | ) | (23 | ) | ||||
WELLS FARGO BANK NA | 9/1/2020 | — | (24 | ) | (24 | ) | ||||
WELLS FARGO BANK NA | 8/31/2021 | — | (23 | ) | (23 | ) | ||||
WELLS FARGO BANK NA | 9/8/2020 | — | (25 | ) | (25 | ) | ||||
WELLS FARGO BANK NA | 9/7/2021 | — | (72 | ) | (72 | ) | ||||
WELLS FARGO BANK NA | 9/15/2020 | — | (47 | ) | (47 | ) | ||||
WELLS FARGO BANK NA | 9/14/2021 | — | (69 | ) | (69 | ) | ||||
WELLS FARGO BANK NA | 9/22/2020 | — | (23 | ) | (23 | ) | ||||
WELLS FARGO BANK NA | 9/21/2021 | — | (45 | ) | (45 | ) | ||||
WELLS FARGO BANK NA | 10/6/2020 | — | (26 | ) | (26 | ) | ||||
WELLS FARGO BANK NA | 10/5/2021 | — | (50 | ) | (50 | ) | ||||
WELLS FARGO BANK NA | 10/13/2020 | — | (64 | ) | (64 | ) | ||||
WELLS FARGO BANK NA | 10/12/2021 | — | (60 | ) | (60 | ) | ||||
WELLS FARGO BANK NA | 10/20/2020 | — | (76 | ) | (76 | ) | ||||
WELLS FARGO BANK NA | 10/19/2021 | — | (70 | ) | (70 | ) | ||||
WELLS FARGO BANK NA | 11/10/2020 | — | (41 | ) | (41 | ) | ||||
WELLS FARGO BANK NA | 11/9/2021 | — | (73 | ) | (73 | ) | ||||
WELLS FARGO BANK NA | 11/17/2020 | — | (95 | ) | (95 | ) | ||||
WELLS FARGO BANK NA | 11/16/2021 | — | (85 | ) | (85 | ) | ||||
WELLS FARGO BANK NA | 11/23/2021 | — | (40 | ) | (40 | ) | ||||
WELLS FARGO BANK NA | 12/1/2020 | — | (41 | ) | (41 | ) | ||||
WELLS FARGO BANK NA | 11/30/2021 | — | (36 | ) | (36 | ) | ||||
WELLS FARGO BANK NA | 12/8/2020 | — | (46 | ) | (46 | ) | ||||
WELLS FARGO BANK NA | 12/7/2021 | — | (81 | ) | (81 | ) | ||||
WELLS FARGO BANK NA | 12/15/2020 | — | (109 | ) | (109 | ) | ||||
WELLS FARGO BANK NA | 12/14/2021 | — | (143 | ) | (143 | ) | ||||
WELLS FARGO BANK NA | 12/22/2020 | — | (144 | ) | (144 | ) |
F-61
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO BANK NA | 12/21/2021 | — | (192 | ) | (192 | ) | ||||
WELLS FARGO BANK NA | 12/21/2021 | — | (21 | ) | (21 | ) | ||||
WELLS FARGO BANK NA | 12/29/2020 | — | (58 | ) | (58 | ) | ||||
WELLS FARGO BANK NA | 12/28/2021 | — | (103 | ) | (103 | ) | ||||
WELLS FARGO BANK NA | 1/7/2020 | (2 | ) | (1,133 | ) | (1,133 | ) | |||
WELLS FARGO BANK NA | 1/5/2021 | — | (105 | ) | (105 | ) | ||||
WELLS FARGO BANK NA | 1/4/2022 | — | (92 | ) | (92 | ) | ||||
WELLS FARGO BANK NA | 1/14/2020 | — | (33 | ) | (33 | ) | ||||
WELLS FARGO BANK NA | 1/14/2020 | (2 | ) | (1,217 | ) | (1,217 | ) | |||
WELLS FARGO BANK NA | 1/12/2021 | — | (49 | ) | (49 | ) | ||||
WELLS FARGO BANK NA | 1/11/2022 | — | (87 | ) | (87 | ) | ||||
WELLS FARGO BANK NA | 1/21/2020 | (2 | ) | (1,010 | ) | (1,010 | ) | |||
WELLS FARGO BANK NA | 1/21/2020 | — | (31 | ) | (31 | ) | ||||
WELLS FARGO BANK NA | 1/19/2021 | — | (48 | ) | (48 | ) | ||||
WELLS FARGO BANK NA | 1/18/2022 | — | (42 | ) | (42 | ) | ||||
WELLS FARGO BANK NA | 1/28/2020 | (2 | ) | (1,053 | ) | (1,053 | ) | |||
WELLS FARGO BANK NA | 1/26/2021 | — | (94 | ) | (94 | ) | ||||
WELLS FARGO BANK NA | 1/25/2022 | — | (83 | ) | (83 | ) | ||||
WELLS FARGO BANK NA | 2/11/2020 | (2 | ) | (871 | ) | (871 | ) | |||
WELLS FARGO BANK NA | 2/9/2021 | — | (155 | ) | (155 | ) | ||||
WELLS FARGO BANK NA | 2/8/2022 | — | (104 | ) | (104 | ) | ||||
WELLS FARGO BANK NA | 2/18/2020 | (2 | ) | (663 | ) | (663 | ) | |||
WELLS FARGO BANK NA | 2/16/2021 | — | (76 | ) | (76 | ) | ||||
WELLS FARGO BANK NA | 2/15/2022 | — | (70 | ) | (70 | ) | ||||
WELLS FARGO BANK NA | 2/25/2020 | (2 | ) | (640 | ) | (640 | ) | |||
WELLS FARGO BANK NA | 2/23/2021 | — | (75 | ) | (75 | ) | ||||
WELLS FARGO BANK NA | 2/22/2022 | — | (69 | ) | (69 | ) | ||||
WELLS FARGO BANK NA | 3/3/2020 | (2 | ) | (760 | ) | (760 | ) | |||
WELLS FARGO BANK NA | 3/2/2021 | — | (38 | ) | (38 | ) | ||||
WELLS FARGO BANK NA | 3/1/2022 | — | (35 | ) | (35 | ) | ||||
WELLS FARGO BANK NA | 3/10/2020 | (2 | ) | (724 | ) | (724 | ) | |||
WELLS FARGO BANK NA | 3/9/2021 | — | (38 | ) | (38 | ) | ||||
WELLS FARGO BANK NA | 3/8/2022 | — | (104 | ) | (104 | ) | ||||
WELLS FARGO BANK NA | 3/17/2020 | (2 | ) | (747 | ) | (747 | ) | |||
WELLS FARGO BANK NA | 3/16/2021 | — | (35 | ) | (35 | ) | ||||
WELLS FARGO BANK NA | 3/15/2022 | — | (32 | ) | (32 | ) | ||||
WELLS FARGO BANK NA | 3/24/2020 | (2 | ) | (647 | ) | (647 | ) | |||
WELLS FARGO BANK NA | 3/23/2021 | — | (72 | ) | (72 | ) | ||||
WELLS FARGO BANK NA | 3/22/2022 | — | (67 | ) | (67 | ) | ||||
WELLS FARGO BANK NA | 4/7/2020 | (2 | ) | (583 | ) | (583 | ) | |||
WELLS FARGO BANK NA | 4/6/2021 | — | (32 | ) | (32 | ) | ||||
WELLS FARGO BANK NA | 4/5/2022 | (1 | ) | (149 | ) | (149 | ) | |||
WELLS FARGO BANK NA | 4/28/2020 | (2 | ) | (447 | ) | (447 | ) | |||
WELLS FARGO BANK NA | 4/27/2021 | — | (29 | ) | (29 | ) |
F-62
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO BANK NA | 4/26/2022 | — | (28 | ) | (28 | ) | ||||
WELLS FARGO BANK NA | 5/5/2020 | — | (16 | ) | (16 | ) | ||||
WELLS FARGO BANK NA | 5/3/2022 | — | (64 | ) | (64 | ) | ||||
WELLS FARGO BANK NA | 5/5/2020 | (2 | ) | (579 | ) | (579 | ) | |||
WELLS FARGO BANK NA | 5/12/2020 | (2 | ) | (629 | ) | (629 | ) | |||
WELLS FARGO BANK NA | 5/11/2021 | — | (37 | ) | (37 | ) | ||||
WELLS FARGO BANK NA | 5/10/2022 | — | (70 | ) | (70 | ) | ||||
WELLS FARGO BANK NA | 5/19/2020 | (2 | ) | (779 | ) | (779 | ) | |||
WELLS FARGO BANK NA | 5/26/2020 | (2 | ) | (802 | ) | (802 | ) | |||
WELLS FARGO BANK NA | 5/24/2022 | — | (75 | ) | (75 | ) | ||||
WELLS FARGO BANK NA | 6/2/2020 | (2 | ) | (728 | ) | (728 | ) | |||
WELLS FARGO BANK NA | 6/1/2021 | — | (40 | ) | (40 | ) | ||||
WELLS FARGO BANK NA | 5/31/2022 | — | (37 | ) | (37 | ) | ||||
WELLS FARGO BANK NA | 6/9/2020 | (2 | ) | (596 | ) | (596 | ) | |||
WELLS FARGO BANK NA | 6/16/2020 | (2 | ) | (519 | ) | (519 | ) | |||
WELLS FARGO BANK NA | 6/15/2021 | — | (64 | ) | (64 | ) | ||||
WELLS FARGO BANK NA | 6/14/2022 | — | (61 | ) | (61 | ) | ||||
WELLS FARGO BANK NA | 6/23/2020 | (2 | ) | (584 | ) | (584 | ) | |||
WELLS FARGO BANK NA | 6/22/2021 | — | (64 | ) | (64 | ) | ||||
WELLS FARGO BANK NA | 6/21/2022 | — | (61 | ) | (61 | ) | ||||
WELLS FARGO BANK NA | 7/7/2020 | (2 | ) | (492 | ) | (492 | ) | |||
WELLS FARGO BANK NA | 7/21/2020 | (2 | ) | (464 | ) | (464 | ) | |||
WELLS FARGO BANK NA | 7/28/2020 | (2 | ) | (482 | ) | (482 | ) | |||
WELLS FARGO BANK NA | 7/27/2021 | — | (29 | ) | (29 | ) | ||||
WELLS FARGO BANK NA | 7/26/2022 | — | (29 | ) | (29 | ) | ||||
WELLS FARGO BANK NA | 8/4/2020 | (2 | ) | (733 | ) | (733 | ) | |||
WELLS FARGO BANK NA | 8/3/2021 | — | (76 | ) | (76 | ) | ||||
WELLS FARGO BANK NA | 8/11/2020 | (2 | ) | (628 | ) | (628 | ) | |||
WELLS FARGO BANK NA | 8/18/2020 | (2 | ) | (617 | ) | (617 | ) | |||
WELLS FARGO BANK NA | 8/16/2022 | — | (76 | ) | (76 | ) | ||||
WELLS FARGO BANK NA | 8/25/2020 | (2 | ) | (703 | ) | (703 | ) | |||
WELLS FARGO BANK NA | 9/15/2020 | (2 | ) | (502 | ) | (502 | ) | |||
WELLS FARGO BANK NA | 9/13/2022 | — | (36 | ) | (36 | ) | ||||
WELLS FARGO BANK NA | 9/27/2022 | — | (40 | ) | (40 | ) | ||||
WELLS FARGO BANK NA | 10/6/2020 | (2 | ) | (599 | ) | (599 | ) | |||
WELLS FARGO BANK NA | 10/5/2021 | — | (42 | ) | (42 | ) | ||||
WELLS FARGO BANK NA | 10/4/2022 | — | (86 | ) | (86 | ) | ||||
WELLS FARGO BANK NA | 10/20/2020 | (2 | ) | (449 | ) | (449 | ) | |||
WELLS FARGO BANK NA | 11/24/2020 | (2 | ) | (336 | ) | (336 | ) | |||
WELLS FARGO BANK NA | 12/8/2020 | (1 | ) | (285 | ) | (285 | ) | |||
WELLS FARGO BANK NA | 12/15/2020 | (2 | ) | (274 | ) | (274 | ) | |||
TOTAL WRITTEN OPTIONS | (43,598 | ) | (43,598 | ) |
F-63
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2019
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
FUTURES | ||||||||||||
S&P 500 MINI FUTURES | 1/1/2020 | — | 6 | 6 | ||||||||
TOTAL FUTURES | 6 | 6 | ||||||||||
TOTAL DERIVATIVES - NET | 12,446 | 12,446 | ||||||||||
TOTAL INVESTMENTS IN CASH EQUIVALENTS, FIXED MATURITIES, EQUITY SECURITIES, SYNDICATED LOANS AND DERIVATIVES | $ | 7,888,245 | $ | 7,902,092 |
NOTES
a) Cash equivalents are carried at amortized cost which approximates fair value. Fixed maturities and equity securities are carried at fair value. In the absence of quoted market prices, fair values are obtained from third-party pricing services, non-binding broker quotes or other model-based valuation techniques. Syndicated loans are carried at amortized cost, less allowance for loan losses. Derivatives are carried at fair value. Options are traded in over-the-counter markets using pricing models with market observable inputs. Futures are exchange-traded and valued using quoted prices in active markets. See notes to the financial statements regarding valuations.
b) For Federal income tax purposes, the cost of investments is $7.9 billion.
c) Securities written down due to other-than-temporary impairment related to credit losses.
d) Non-Income producing securities.
F-64
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
CASH EQUIVALENTS | |||||||||||||||
COMMERCIAL PAPER | |||||||||||||||
AMERICAN ELECTRIC POWER COMPANY INC | 1/28/2019 | — | % | $ | 21,500 | $ | 21,453 | $ | 21,453 | ||||||
BANK OF NEW YORK MELLON | 1/2/2019 | — | 36,200 | 36,198 | 36,198 | ||||||||||
CONSOLIDATED EDISON INC | 1/10/2019 | — | 25,000 | 24,982 | 24,982 | ||||||||||
CONSOLIDATED EDISON INC | 1/8/2019 | — | 25,000 | 24,985 | 24,985 | ||||||||||
DOWDUPONT INC | 1/18/2019 | — | 16,500 | 16,477 | 16,477 | ||||||||||
EASTMAN CHEMICAL COMPANY | 1/3/2019 | — | 20,500 | 20,497 | 20,497 | ||||||||||
EATON CORPORATION PLC | 1/9/2019 | — | 33,000 | 32,978 | 32,978 | ||||||||||
J M SMUCKER CO | 1/2/2019 | — | 39,000 | 38,997 | 38,997 | ||||||||||
LOCKHEED MARTIN CORPORATION | 1/9/2019 | — | 25,000 | 24,984 | 24,984 | ||||||||||
MCKESSON CORP | 1/17/2019 | — | 25,000 | 24,966 | 24,966 | ||||||||||
MONDELEZ INTERNATIONAL INC | 1/2/2019 | — | 10,000 | 9,999 | 9,999 | ||||||||||
PPL CORPORATION | 1/3/2019 | — | 31,000 | 30,995 | 30,995 | ||||||||||
TRANSCANADA CORPORATION | 1/3/2019 | — | 10,000 | 9,998 | 9,998 | ||||||||||
WALGREENS BOOTS ALLIANCE INC | 1/9/2019 | — | 25,000 | 24,985 | 24,985 | ||||||||||
XCEL ENERGY INC | 1/2/2019 | — | 8,100 | 8,099 | 8,099 | ||||||||||
XCEL ENERGY INC | 1/16/2019 | — | 10,000 | 9,987 | 9,987 | ||||||||||
TOTAL COMMERCIAL PAPER | 360,580 | 360,580 | |||||||||||||
TOTAL CASH EQUIVALENTS | 360,580 | 360,580 | |||||||||||||
FIXED MATURITIES | |||||||||||||||
U.S. GOVERNMENT AND AGENCY OBLIGATIONS | |||||||||||||||
UNITED STATES TREASURY BILL | 1/3/2019 | — | 50,000 | 49,994 | 50,000 | ||||||||||
UNITED STATES TREASURY BILL | 1/31/2019 | — | 75,000 | 74,865 | 74,864 | ||||||||||
UNITED STATES TREASURY BILL | 2/28/2019 | — | 75,000 | 74,734 | 74,720 | ||||||||||
UNITED STATES TREASURY BILL | 3/28/2019 | — | 75,000 | 74,583 | 74,588 | ||||||||||
UNITED STATES TREASURY BILL | 4/25/2019 | — | 50,000 | 49,616 | 49,628 | ||||||||||
UNITED STATES TREASURY BILL | 5/23/2019 | — | 50,000 | 49,516 | 49,529 | ||||||||||
UNITED STATES TREASURY BILL | 6/20/2019 | — | 75,000 | 74,120 | 74,148 | ||||||||||
UNITED STATES TREASURY BILL | 1/10/2019 | — | 75,000 | 74,961 | 74,963 | ||||||||||
UNITED STATES TREASURY BILL | 1/17/2019 | — | 75,000 | 74,929 | 74,929 | ||||||||||
UNITED STATES TREASURY BILL | 1/24/2019 | — | 75,000 | 74,898 | 74,896 | ||||||||||
UNITED STATES TREASURY BILL | 2/7/2019 | — | 75,000 | 74,832 | 74,824 | ||||||||||
UNITED STATES TREASURY BILL | 2/14/2019 | — | 75,000 | 74,799 | 74,788 | ||||||||||
UNITED STATES TREASURY BILL | 2/21/2019 | — | 75,000 | 74,768 | 74,755 | ||||||||||
UNITED STATES TREASURY BILL | 3/7/2019 | — | 75,000 | 74,698 | 74,687 | ||||||||||
UNITED STATES TREASURY BILL | 3/14/2019 | — | 75,000 | 74,660 | 74,653 | ||||||||||
UNITED STATES TREASURY BILL | 3/21/2019 | — | 75,000 | 74,624 | 74,625 | ||||||||||
UNITED STATES TREASURY BILL | 4/4/2019 | — | 50,000 | 49,699 | 49,693 | ||||||||||
UNITED STATES TREASURY BILL | 4/11/2019 | — | 50,000 | 49,670 | 49,675 | ||||||||||
UNITED STATES TREASURY BILL | 4/18/2019 | — | 50,000 | 49,644 | 49,652 | ||||||||||
UNITED STATES TREASURY BILL | 5/2/2019 | — | 50,000 | 49,591 | 49,602 | ||||||||||
UNITED STATES TREASURY BILL | 5/9/2019 | — | 50,000 | 49,564 | 49,577 |
F-65
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
UNITED STATES TREASURY BILL | 5/16/2019 | — | 50,000 | 49,536 | 49,552 | |||||||||
UNITED STATES TREASURY BILL | 5/30/2019 | — | 50,000 | 49,487 | 49,506 | |||||||||
UNITED STATES TREASURY BILL | 6/6/2019 | — | 50,000 | 49,462 | 49,482 | |||||||||
UNITED STATES TREASURY BILL | 6/13/2019 | — | 75,000 | 74,156 | 74,183 | |||||||||
UNITED STATES TREASURY BILL | 6/27/2019 | — | 75,000 | 74,083 | 74,113 | |||||||||
UNITED STATES TREASURY BILL | 7/5/2019 | — | 75,000 | 74,059 | 74,053 | |||||||||
UNITED STATES TREASURY BOND | 11/15/2028 | 5.250 | 200 | 209 | 244 | |||||||||
TOTAL U. S. GOVERNMENT AND AGENCY OBLIGATIONS | 1,739,757 | 1,739,929 | ||||||||||||
STATE AND MUNICIPAL OBLIGATIONS | ||||||||||||||
CARSON CALIFORNIA REDEVELOPMENT AGENCY | 2/1/2019 | 3.307 | 1,550 | 1,550 | 1,550 | |||||||||
CARSON CALIFORNIA REDEVELOPMENT AGENCY | 2/1/2020 | 3.757 | 3,205 | 3,205 | 3,221 | |||||||||
FLORIDA ST MID-BAY BRIDGE AUTHORITY | 10/1/2021 | 3.784 | 2,800 | 2,800 | 2,801 | |||||||||
KENTUCKY ST PPTY & BLDGS COMMN | 5/1/2020 | 2.263 | 1,285 | 1,285 | 1,274 | |||||||||
KENTUCKY ST PPTY & BLDGS COMMN | 5/1/2021 | 2.564 | 1,100 | 1,100 | 1,087 | |||||||||
L'ANSE CREUSE MICHIGAN PUBLIC SCHOOLS | 5/1/2020 | 2.159 | 5,000 | 5,000 | 4,958 | |||||||||
LOS ANGELES CALIF MUN IMPT CORPORATION | 11/1/2019 | 2.846 | 3,000 | 3,000 | 2,998 | |||||||||
LOS ANGELES COUNTY CALIFORNIA REDEV AUTHORITY | 8/1/2019 | 2.644 | 2,425 | 2,425 | 2,424 | |||||||||
MICHIGAN STATE HOUSING DEVELOPMENT | 10/1/2019 | 1.822 | 1,460 | 1,460 | 1,447 | |||||||||
MICHIGAN STATE HOUSING DEVELOPMENT | 4/1/2020 | 1.946 | 1,080 | 1,080 | 1,066 | |||||||||
NEW HOPE CULTURAL EDU FACS FIN CORPORATION | 7/1/2019 | 3.780 | 2,155 | 2,155 | 2,081 | |||||||||
NEW HOPE CULTURAL EDU FACS FIN CORPORATION | 7/1/2020 | 4.125 | 2,810 | 2,810 | 2,604 | |||||||||
OYSTER BAY NY | 2/1/2019 | 3.550 | 1,800 | 1,800 | 1,800 | |||||||||
PORT OF SEATTLE | 5/1/2019 | 1.894 | 2,000 | 2,000 | 1,995 | |||||||||
PORT OF SEATTLE | 5/1/2020 | 2.007 | 5,000 | 5,000 | 4,949 | |||||||||
STATE OF CONNECTICUT | 9/15/2019 | 3.625 | 5,500 | 5,532 | 5,515 | |||||||||
STATE OF CONNECTICUT | 9/15/2020 | 3.750 | 4,250 | 4,292 | 4,285 | |||||||||
STATE OF CONNECTICUT | 9/15/2021 | 4.000 | 3,000 | 3,052 | 3,078 | |||||||||
STATE OF CONNECTICUT | 9/15/2022 | 3.471 | 2,000 | 2,000 | 2,017 | |||||||||
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY | 10/1/2019 | 2.000 | 3,835 | 3,826 | 3,810 | |||||||||
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY | 10/1/2019 | 2.000 | 4,680 | 4,669 | 4,650 | |||||||||
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY | 10/1/2020 | 2.250 | 2,000 | 1,991 | 1,980 | |||||||||
TOTAL STATE AND MUNICIPAL OBLIGATIONS | 62,032 | 61,590 |
RESIDENTIAL MORTGAGE BACKED SECURITIES | ||||||||||
AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES | ||||||||||
FANNIE MAE 06-36 GF | 5/25/2036 | 2.806 | 4,784 | 4,803 | 4,786 | |||||
FANNIE MAE 07-46 FB | 5/25/2037 | 2.876 | 2,048 | 2,052 | 2,050 | |||||
FANNIE MAE 09-107 FL | 2/25/2038 | 3.156 | 2,192 | 2,201 | 2,208 | |||||
FANNIE MAE 13-2 KF | 1/25/2037 | 2.686 | 8,222 | 8,206 | 8,141 | |||||
FANNIE MAE AF-2015-22C | 4/25/2045 | 2.699 | 17,602 | 17,540 | 17,465 | |||||
FANNIE MAE AF-2015-42 | 6/25/2055 | 2.679 | 17,487 | 17,393 | 17,454 | |||||
FANNIE MAE AF-2015-91 | 12/25/2045 | 2.719 | 17,988 | 17,907 | 17,862 | |||||
FANNIE MAE FA-2015-4 | 2/25/2045 | 2.699 | 7,422 | 7,430 | 7,395 |
F-66
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
FANNIE MAE FW-2015-84 | 11/25/2045 | 2.699 | 16,644 | 16,621 | 16,604 | |||||
FANNIE MAE 07-6 | 2/25/2037 | 2.956 | 6,998 | 7,010 | 7,029 | |||||
FANNIE MAE 09-101 | 12/25/2039 | 3.346 | 12,220 | 12,401 | 12,472 | |||||
FANNIE MAE 12-133 | 4/25/2042 | 2.756 | 10,577 | 10,545 | 10,525 | |||||
FANNIE MAE 16-2 | 2/25/2056 | 2.829 | 5,940 | 5,932 | 5,944 | |||||
FANNIE MAE 303970 | 9/1/2024 | 6.000 | 192 | 190 | 206 | |||||
FANNIE MAE 545492 | 2/1/2022 | 5.500 | 63 | 63 | 67 | |||||
FANNIE MAE 725558 | 6/1/2034 | 4.199 | 151 | 149 | 156 | |||||
FANNIE MAE 725694 | 7/1/2034 | 3.933 | 172 | 169 | 176 | |||||
FANNIE MAE 725719 | 7/1/2033 | 3.964 | 401 | 400 | 410 | |||||
FANNIE MAE 735034 | 10/1/2034 | 4.346 | 4,122 | 4,337 | 4,284 | |||||
FANNIE MAE 735702 | 7/1/2035 | 4.331 | 2,932 | 3,015 | 3,069 | |||||
FANNIE MAE 794787 | 10/1/2034 | 4.257 | 102 | 104 | 105 | |||||
FANNIE MAE 799733 | 11/1/2034 | 4.454 | 199 | 202 | 209 | |||||
FANNIE MAE 801337 | 9/1/2034 | 4.089 | 1,734 | 1,826 | 1,793 | |||||
FANNIE MAE 801917 | 10/1/2034 | 4.695 | 274 | 275 | 289 | |||||
FANNIE MAE 804561 | 9/1/2034 | 4.370 | 533 | 534 | 559 | |||||
FANNIE MAE 807219 | 1/1/2035 | 3.911 | 1,182 | 1,192 | 1,242 | |||||
FANNIE MAE 809532 | 2/1/2035 | 3.718 | 365 | 367 | 380 | |||||
FANNIE MAE 834552 | 8/1/2035 | 4.705 | 315 | 317 | 331 | |||||
FANNIE MAE 889485 | 6/1/2036 | 4.390 | 2,815 | 2,860 | 2,944 | |||||
FANNIE MAE 922674 | 4/1/2036 | 4.316 | 1,460 | 1,494 | 1,538 | |||||
FANNIE MAE 968438 | 1/1/2038 | 3.405 | 2,133 | 2,241 | 2,225 | |||||
FANNIE MAE 995123 | 8/1/2037 | 4.526 | 1,055 | 1,091 | 1,113 | |||||
FANNIE MAE 995548 | 9/1/2035 | 4.263 | 1,472 | 1,504 | 1,537 | |||||
FANNIE MAE 995604 | 11/1/2035 | 4.465 | 4,691 | 4,941 | 4,899 | |||||
FANNIE MAE 995614 | 8/1/2037 | 3.473 | 1,275 | 1,341 | 1,292 | |||||
FANNIE MAE AB1980 | 12/1/2020 | 3.000 | 1,088 | 1,095 | 1,086 | |||||
FANNIE MAE AB5230 | 5/1/2027 | 2.500 | 8,206 | 8,340 | 8,096 | |||||
FANNIE MAE AD0901 | 4/1/2040 | 3.683 | 5,358 | 5,693 | 5,598 | |||||
FANNIE MAE AE0559 | 12/1/2034 | 4.083 | 3,335 | 3,504 | 3,473 | |||||
FANNIE MAE AE0566 | 8/1/2035 | 4.331 | 2,678 | 2,815 | 2,808 | |||||
FANNIE MAE AF-2016-11 | 3/25/2046 | 2.849 | 9,902 | 9,884 | 9,923 | |||||
FANNIE MAE AF-2016-87 | 11/25/2046 | 2.749 | 13,195 | 13,188 | 13,170 | |||||
FANNIE MAE AF-2016-88 | 12/25/2046 | 2.789 | 11,016 | 11,016 | 11,033 | |||||
FANNIE MAE AF-2018-87 | 12/25/2048 | 2.649 | 38,325 | 38,146 | 37,643 | |||||
FANNIE MAE AF-204620 | 11/15/2042 | 2.789 | 11,119 | 11,096 | 11,110 | |||||
FANNIE MAE AL1037 | 1/1/2037 | 4.047 | 2,726 | 2,900 | 2,877 | |||||
FANNIE MAE AL2269 | 10/1/2040 | 4.307 | 3,536 | 3,759 | 3,698 | |||||
FANNIE MAE AL3935 | 9/1/2037 | 4.360 | 7,290 | 7,701 | 7,629 | |||||
FANNIE MAE AL3961 | 2/1/2039 | 3.735 | 5,368 | 5,662 | 5,604 | |||||
FANNIE MAE AL4100 | 9/1/2036 | 4.208 | 7,258 | 7,647 | 7,588 | |||||
FANNIE MAE AL4110 | 3/1/2037 | 4.275 | 5,511 | 5,791 | 5,747 | |||||
FANNIE MAE AL4114 | 2/1/2039 | 4.207 | 6,972 | 7,393 | 7,331 |
F-67
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
FANNIE MAE AN4923 | 3/1/2027 | 2.349 | 25,000 | 25,014 | 24,966 | |||||
FANNIE MAE AO8746 | 8/1/2027 | 2.500 | 14,688 | 15,077 | 14,491 | |||||
FANNIE MAE ARM 105989 | 8/1/2020 | 3.180 | 1 | 1 | 1 | |||||
FANNIE MAE ARM 190726 | 3/1/2033 | 4.825 | 86 | 87 | 86 | |||||
FANNIE MAE ARM 249907 | 2/1/2024 | 4.250 | 100 | 101 | 103 | |||||
FANNIE MAE ARM 303259 | 3/1/2025 | 4.334 | 24 | 24 | 25 | |||||
FANNIE MAE ARM 545786 | 6/1/2032 | 4.165 | 189 | 190 | 190 | |||||
FANNIE MAE ARM 620293 | 1/1/2032 | 3.650 | 150 | 149 | 156 | |||||
FANNIE MAE ARM 651629 | 8/1/2032 | 4.435 | 192 | 192 | 199 | |||||
FANNIE MAE ARM 654158 | 10/1/2032 | 3.915 | 239 | 240 | 252 | |||||
FANNIE MAE ARM 655646 | 8/1/2032 | 4.371 | 142 | 142 | 145 | |||||
FANNIE MAE ARM 655798 | 8/1/2032 | 4.365 | 246 | 245 | 257 | |||||
FANNIE MAE ARM 661349 | 9/1/2032 | 4.520 | 88 | 88 | 92 | |||||
FANNIE MAE ARM 661744 | 10/1/2032 | 4.370 | 204 | 205 | 213 | |||||
FANNIE MAE ARM 664521 | 10/1/2032 | 4.329 | 158 | 159 | 160 | |||||
FANNIE MAE ARM 664750 | 10/1/2032 | 4.488 | 74 | 74 | 78 | |||||
FANNIE MAE ARM 670731 | 11/1/2032 | 4.040 | 395 | 396 | 410 | |||||
FANNIE MAE ARM 670779 | 11/1/2032 | 4.005 | 291 | 293 | 301 | |||||
FANNIE MAE ARM 670890 | 12/1/2032 | 3.915 | 229 | 230 | 234 | |||||
FANNIE MAE ARM 670912 | 12/1/2032 | 3.915 | 115 | 115 | 116 | |||||
FANNIE MAE ARM 670947 | 12/1/2032 | 3.915 | 178 | 178 | 185 | |||||
FANNIE MAE ARM 694852 | 4/1/2033 | 3.815 | 205 | 208 | 213 | |||||
FANNIE MAE ARM 722779 | 9/1/2033 | 3.913 | 340 | 340 | 349 | |||||
FANNIE MAE ARM 733525 | 8/1/2033 | 4.261 | 349 | 336 | 361 | |||||
FANNIE MAE ARM 739194 | 9/1/2033 | 4.432 | 449 | 450 | 467 | |||||
FANNIE MAE ARM 743256 | 10/1/2033 | 4.463 | 165 | 163 | 171 | |||||
FANNIE MAE ARM 743856 | 11/1/2033 | 4.550 | 209 | 209 | 219 | |||||
FANNIE MAE ARM 758873 | 12/1/2033 | 4.302 | 169 | 167 | 175 | |||||
FANNIE MAE ARM 88879 | 11/1/2019 | 2.875 | 7 | 7 | 7 | |||||
FANNIE MAE ARM 89125 | 8/1/2019 | 3.875 | 1 | 1 | 1 | |||||
FANNIE MAE AS4507 | 2/1/2030 | 3.000 | 8,153 | 8,438 | 8,159 | |||||
FANNIE MAE AS4878 | 4/1/2030 | 3.000 | 10,986 | 11,368 | 10,993 | |||||
FANNIE MAE BE5622 | 1/1/2032 | 2.500 | 31,904 | 32,161 | 31,170 | |||||
FANNIE MAE BK0933 | 7/1/2033 | 3.500 | 22,925 | 23,195 | 23,206 | |||||
FANNIE MAE CA1265 | 2/1/2033 | 3.000 | 30,340 | 30,181 | 30,279 | |||||
FANNIE MAE CA2283 | 8/1/2033 | 3.500 | 23,888 | 23,854 | 24,183 | |||||
FANNIE MAE DF-2015-38 | 6/25/2055 | 2.659 | 28,372 | 28,188 | 28,328 | |||||
FANNIE MAE DF-2017-16 | 3/25/2047 | 2.349 | 7,532 | 7,563 | 7,556 | |||||
FANNIE MAE FA-2013-1 | 2/25/2043 | 2.856 | 12,842 | 12,886 | 12,852 | |||||
FANNIE MAE FA-2015-55 | 8/25/2055 | 2.649 | 11,986 | 11,940 | 11,889 | |||||
FANNIE MAE FA-204624 | 12/15/2038 | 2.799 | 31,641 | 31,571 | 31,639 | |||||
FANNIE MAE FC-2017-51 | 7/25/2047 | 2.856 | 40,490 | 40,615 | 40,347 | |||||
FANNIE MAE FC-2018-73 | 10/25/2048 | 2.806 | 60,664 | 60,475 | 60,459 | |||||
FANNIE MAE FK-2010-123 | 11/25/2040 | 2.956 | 11,628 | 11,736 | 11,726 |
F-68
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
FANNIE MAE FL-2017-4 | 2/25/2047 | 2.799 | 14,372 | 14,372 | 14,390 | |||||
FANNIE MAE FT-2016-84 | 11/25/2046 | 3.006 | 20,725 | 20,921 | 20,860 | |||||
FANNIE MAE GF-204639 | 3/15/2036 | 2.799 | 31,790 | 31,712 | 31,793 | |||||
FANNIE MAE HYBRID ARM 566074 | 5/1/2031 | 4.193 | 276 | 275 | 287 | |||||
FANNIE MAE HYBRID ARM 584507 | 6/1/2031 | 4.221 | 119 | 119 | 125 | |||||
FANNIE MAE KF-2015-27 | 5/25/2045 | 2.806 | 14,781 | 14,738 | 14,820 | |||||
FANNIE MAE MA0099 | 6/1/2019 | 4.000 | 79 | 79 | 81 | |||||
FANNIE MAE MA0598 | 12/1/2020 | 3.500 | 964 | 975 | 975 | |||||
FANNIE MAE MA1144 | 8/1/2027 | 2.500 | 7,286 | 7,489 | 7,181 | |||||
FANNIE MAE MA3391 | 6/1/2033 | 3.000 | 24,247 | 24,014 | 24,199 | |||||
FANNIE MAE WF-2016-68 | 10/25/2046 | 2.799 | 8,649 | 8,659 | 8,681 | |||||
FANNIE MAE_15-50 | 7/25/2045 | 2.699 | 28,692 | 28,661 | 28,614 | |||||
FANNIE MAE_15-93 | 8/25/2045 | 2.856 | 15,100 | 15,058 | 15,006 | |||||
FANNIE MAE_16-11 | 3/25/2046 | 2.899 | 12,591 | 12,605 | 12,651 | |||||
FREDDIE MAC 4159 FD | 1/15/2043 | 2.805 | 8,365 | 8,391 | 8,341 | |||||
FREDDIE MAC 4363 2014 FA | 9/15/2041 | 2.626 | 4,967 | 4,963 | 4,915 | |||||
FREDDIE MAC FB-204495 | 11/15/2038 | 2.699 | 14,923 | 14,856 | 14,883 | |||||
FREDDIE MAC LF-204475 | 4/15/2040 | 2.659 | 3,937 | 3,935 | 3,921 | |||||
FREDDIE MAC WF-204491 | 8/15/2039 | 2.669 | 7,472 | 7,467 | 7,445 | |||||
FREDDIE MAC 1H2520 | 6/1/2035 | 4.232 | 4,040 | 4,278 | 4,265 | |||||
FREDDIE MAC 1N1474 | 5/1/2037 | 4.531 | 629 | 653 | 659 | |||||
FREDDIE MAC 1Q1515 | 11/1/2038 | 4.101 | 15,806 | 16,697 | 16,556 | |||||
FREDDIE MAC 1Q1540 | 6/1/2040 | 3.909 | 6,425 | 6,863 | 6,715 | |||||
FREDDIE MAC 1Q1548 | 8/1/2038 | 3.981 | 7,293 | 7,675 | 7,630 | |||||
FREDDIE MAC 1Q1572 | 5/1/2038 | 3.867 | 11,667 | 12,317 | 12,188 | |||||
FREDDIE MAC 4595 | 10/15/2037 | 2.899 | 10,796 | 10,796 | 10,815 | |||||
FREDDIE MAC 781884 | 8/1/2034 | 4.500 | 625 | 632 | 658 | |||||
FREDDIE MAC 848416 | 2/1/2041 | 3.758 | 7,994 | 8,347 | 8,360 | |||||
FREDDIE MAC 848530 | 9/1/2039 | 4.227 | 3,696 | 3,904 | 3,875 | |||||
FREDDIE MAC 848922 | 4/1/2037 | 4.149 | 3,511 | 3,742 | 3,677 | |||||
FREDDIE MAC 849281 | 8/1/2037 | 4.424 | 5,713 | 6,087 | 6,013 | |||||
FREDDIE MAC AF-204559 | 3/15/2042 | 2.849 | 12,016 | 11,973 | 12,024 | |||||
FREDDIE MAC AF-204615 | 10/15/2038 | 2.699 | 6,427 | 6,406 | 6,417 | |||||
FREDDIE MAC AF-204774 | 7/15/2042 | 2.349 | 12,205 | 12,195 | 12,185 | |||||
FREDDIE MAC ARM 350190 | 5/1/2022 | 4.250 | 16 | 16 | 16 | |||||
FREDDIE MAC ARM 405243 | 7/1/2019 | 4.010 | 3 | 3 | 3 | |||||
FREDDIE MAC ARM 405437 | 10/1/2019 | 4.525 | 8 | 8 | 8 | |||||
FREDDIE MAC ARM 780514 | 5/1/2033 | 4.138 | 231 | 236 | 243 | |||||
FREDDIE MAC ARM 780845 | 9/1/2033 | 4.528 | 152 | 148 | 160 | |||||
FREDDIE MAC ARM 780903 | 9/1/2033 | 4.558 | 207 | 205 | 218 | |||||
FREDDIE MAC ARM 785363 | 2/1/2025 | 3.989 | 25 | 25 | 26 | |||||
FREDDIE MAC ARM 788941 | 12/1/2031 | 4.750 | 16 | 16 | 16 | |||||
FREDDIE MAC ARM 840072 | 6/1/2019 | 3.875 | 1 | 1 | 1 | |||||
FREDDIE MAC ARM 845154 | 7/1/2022 | 4.376 | 21 | 21 | 21 |
F-69
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
FREDDIE MAC ARM 845654 | 2/1/2024 | 4.597 | 61 | 61 | 62 | |||||
FREDDIE MAC ARM 845730 | 11/1/2023 | 4.301 | 94 | 95 | 95 | |||||
FREDDIE MAC ARM 845733 | 4/1/2024 | 4.098 | 66 | 67 | 68 | |||||
FREDDIE MAC ARM 846702 | 10/1/2029 | 3.987 | 10 | 10 | 10 | |||||
FREDDIE MAC C90581 | 8/1/2022 | 5.500 | 85 | 85 | 90 | |||||
FREDDIE MAC C90582 | 9/1/2022 | 5.500 | 47 | 46 | 49 | |||||
FREDDIE MAC F2-20350 | 9/15/2040 | 2.699 | 38,348 | 38,320 | 38,491 | |||||
FREDDIE MAC F4-20328 | 2/15/2038 | 2.606 | 7,274 | 7,283 | 7,253 | |||||
FREDDIE MAC FA-204547 | 9/15/2040 | 2.799 | 10,719 | 10,704 | 10,732 | |||||
FREDDIE MAC FA-204822 | 5/15/2035 | 2.705 | 72,850 | 72,833 | 72,444 | |||||
FREDDIE MAC FD-203928 | 9/15/2041 | 2.875 | 31,023 | 31,252 | 31,221 | |||||
FREDDIE MAC FD-204301 | 7/15/2037 | 2.855 | 11,141 | 11,212 | 11,205 | |||||
FREDDIE MAC FL-204523 | 8/15/2038 | 2.699 | 12,586 | 12,513 | 12,540 | |||||
FREDDIE MAC G16485 | 5/1/2033 | 3.000 | 23,345 | 23,181 | 23,267 | |||||
FREDDIE MAC G30227 | 5/1/2023 | 5.500 | 268 | 272 | 283 | |||||
FREDDIE MAC GF-204367 | 3/15/2037 | 2.699 | 21,473 | 21,439 | 21,382 | |||||
FREDDIE MAC J32518 | 8/1/2030 | 3.000 | 14,642 | 15,127 | 14,614 | |||||
FREDDIE MAC KF-204560 | 7/15/2040 | 2.899 | 16,231 | 16,208 | 16,155 | |||||
FREDDIE MAC T-76 2A | 10/25/2037 | 4.732 | 7,302 | 7,441 | 7,639 | |||||
FREDDIE MAC WF-204681 | 8/15/2033 | 2.699 | 36,814 | 36,819 | 36,784 | |||||
FREDDIE MAC WF-204697 | 6/15/2038 | 2.699 | 26,711 | 26,726 | 26,679 | |||||
FREDDIE MAC_4248 | 5/15/2041 | 2.905 | 13,078 | 13,100 | 13,005 | |||||
FREDDIE MAC_4448 | 5/15/2040 | 2.669 | 11,269 | 11,210 | 11,175 | |||||
GINNIE MAE MF-2016-108 | 8/20/2046 | 2.649 | 2,308 | 2,298 | 2,303 | |||||
GINNIE MAE AF-2014-129 | 10/20/2041 | 2.649 | 7,163 | 7,154 | 7,178 | |||||
GINNIE MAE AF-2014-94 | 11/20/2041 | 2.799 | 5,123 | 5,134 | 5,069 | |||||
GINNIE MAE AF-2015-18 | 2/20/2040 | 2.679 | 12,118 | 12,135 | 12,115 | |||||
GINNIE MAE FA-2016-115 | 8/20/2046 | 2.870 | 39,261 | 39,479 | 39,427 | |||||
GINNIE MAE FB-2013-151 | 2/20/2040 | 2.820 | 23,420 | 23,528 | 23,510 | |||||
GINNIE MAE FC-2009-8 | 2/16/2039 | 3.355 | 13,538 | 13,887 | 13,858 | |||||
GINNIE MAE FC-2018-67 | 5/20/2048 | 2.770 | 18,646 | 18,664 | 18,658 | |||||
GINNIE MAE FD-2018-66 | 5/20/2048 | 2.720 | 10,141 | 10,138 | 10,130 | |||||
GINNIE MAE II 082431 | 12/20/2039 | 3.125 | 4,887 | 5,081 | 5,081 | |||||
GINNIE MAE II 082464 | 1/20/2040 | 3.375 | 2,103 | 2,256 | 2,193 | |||||
GINNIE MAE II 082497 | 3/20/2040 | 3.375 | 3,253 | 3,453 | 3,365 | |||||
GINNIE MAE II 082573 | 7/20/2040 | 3.750 | 4,228 | 4,378 | 4,395 | |||||
GINNIE MAE II 082581 | 7/20/2040 | 3.750 | 6,008 | 6,436 | 6,247 | |||||
GINNIE MAE II 082602 | 8/20/2040 | 3.750 | 11,194 | 12,006 | 11,638 | |||||
GINNIE MAE II 082710 | 1/20/2041 | 3.375 | 4,169 | 4,335 | 4,328 | |||||
GINNIE MAE II 082794 | 4/20/2041 | 3.625 | 6,111 | 6,517 | 6,310 | |||||
GINNIE MAE II ARM 8157 | 3/20/2023 | 3.375 | 37 | 38 | 38 | |||||
GINNIE MAE II ARM 8638 | 6/20/2025 | 3.625 | 57 | 57 | 58 |
F-70
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
GINNIE MAE LF-2015-82 | 4/20/2041 | 2.649 | 7,875 | 7,881 | 7,865 | |||||
TOTAL AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES | 1,556,927 | 1,551,508 | ||||||||
NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES | ||||||||||
ADJUSTABLE RATE MORTGAGE TRUST 04-2 6A1 | 2/25/2035 | 4.482 | 379 | 381 | 379 | |||||
AMERICAN HOME MORTGAGE INVESTMENT TRUST 5A-2004-4 | 2/25/2045 | 4.885 | 398 | 397 | 396 | |||||
ANGEL OAK MORTGAGE TRUST A1-2017-1 | 1/25/2047 | 2.810 | 2,110 | 2,107 | 2,097 | |||||
ANGEL OAK MORTGAGE TRUST A1-2017-2 | 7/25/2047 | 2.478 | 19,810 | 19,796 | 19,510 | |||||
ANGEL OAK MORTGAGE TRUST A1-2018-2 | 7/27/2048 | 3.674 | 10,802 | 10,801 | 10,768 | |||||
ANGEL OAK MORTGAGE TRUST A1-2018-3 | 9/25/2048 | 3.649 | 23,373 | 23,371 | 23,454 | |||||
APS RESECURITIZATION TRUST 1A-2016-3 | 11/27/2066 | 4.756 | 17,060 | 16,978 | 18,304 | |||||
APS RESECURITIZATION TRUST 2A-2015-1 | 8/28/2054 | 2.457 | 3,456 | 3,412 | 3,340 | |||||
APS RESECURITIZATION TRUST 2A-2016-3 | 11/27/2046 | 4.756 | 12,718 | 12,648 | 13,736 | |||||
BANK OF AMERICA FUNDING CORPORATION 7A1-2015-R4 | 11/27/2045 | 4.099 | 7,254 | 7,226 | 7,361 | |||||
BANK OF AMERICA FUNDING CORPORATION A1-2016-R1 | 3/25/2040 | 2.500 | 20,089 | 19,994 | 19,554 | |||||
BANK OF AMERICA MORTGAGE SECURITY 2004-E 2A6 | 6/25/2034 | 4.392 | 1,990 | 1,980 | 1,977 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A1-2017-RT1 | 3/28/2057 | 3.000 | 12,498 | 12,564 | 12,228 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2016-SPL1 | 4/28/2055 | 4.000 | 23,889 | 24,386 | 23,919 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2016-SPL2 | 6/28/2053 | 4.000 | 24,512 | 24,998 | 24,673 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2017-RT5 | 5/28/2069 | 3.500 | 29,467 | 30,017 | 29,395 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2017-RT6 | 10/28/2057 | 3.500 | 27,458 | 27,939 | 27,393 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2017-SPL1 | 10/28/2064 | 4.000 | 21,434 | 21,992 | 21,630 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2017-SPL2 | 6/28/2054 | 4.000 | 23,363 | 23,961 | 23,576 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2017-SPL3 | 11/28/2053 | 4.000 | 17,898 | 18,389 | 18,057 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2017-SPL4 | 1/28/2055 | 3.500 | 20,955 | 21,356 | 20,902 | |||||
BAYVIEW OPPORTUNITY MASTER FUND A-2017-SPL5 | 6/28/2057 | 3.500 | 23,625 | 24,176 | 23,566 | |||||
BCAP LLC TRUST 11-RR10 3A5 | 6/26/2035 | 4.501 | 1,686 | 1,682 | 1,692 | |||||
BCAP LLC TRUST 13-RR8 1A1 | 5/26/2036 | 4.002 | 728 | 727 | 723 | |||||
BCAP LLC TRUST 13-RR9 1A1 | 1/26/2036 | 4.354 | 1,779 | 1,778 | 1,783 | |||||
BCAP LLC TRUST 3A1-2014-RR2 | 9/26/2046 | 0.375 | 3,853 | 3,811 | 3,885 | |||||
BCAP LLC TRUST 4A1-2013-RR7 | 12/27/2034 | 4.511 | 4,390 | 4,414 | 4,448 | |||||
CENTEX HOME EQUITY 2003-A AF4 | 12/25/2031 | 4.250 | 985 | 978 | 982 | |||||
CHASE MORTGAGE FINANCE 07-A1 1A5 | 2/25/2037 | 4.369 | 3,519 | 3,488 | 3,541 | |||||
CITIGROUP MORTGAGE LOAN TRUST 10-7 2A1 | 2/25/2035 | 4.157 | 235 | 235 | 235 | |||||
CITIGROUP MORTGAGE LOAN TRUST 13 1A1 | 3/25/2035 | 4.284 | 1,169 | 1,167 | 1,168 | |||||
CITIGROUP MORTGAGE LOAN TRUST 13-7 2A1 | 8/25/2036 | 3.850 | 1,616 | 1,615 | 1,611 | |||||
CITIGROUP MORTGAGE LOAN TRUST 13-9 2A1 | 9/25/2034 | 4.280 | 1,899 | 1,897 | 1,886 | |||||
CITIGROUP MORTGAGE LOAN TRUST 1A1-2014-11 | 10/25/2035 | 3.998 | 5,021 | 5,065 | 4,999 | |||||
CITIGROUP MORTGAGE LOAN TRUST 1A1-2015-11 | 3/25/2035 | 4.144 | 11,401 | 11,448 | 11,662 | |||||
CITIGROUP MORTGAGE LOAN TRUST 1A1-2015-9 | 2/20/2036 | 4.085 | 3,118 | 3,120 | 3,073 | |||||
CITIGROUP MORTGAGE LOAN TRUST 2A1-2014-2 | 4/25/2036 | 3.250 | 1,801 | 1,799 | 1,765 | |||||
CITIGROUP MORTGAGE LOAN TRUST 2A1-2014-5 | 2/20/2036 | 3.989 | 1,775 | 1,775 | 1,776 | |||||
CITIGROUP MORTGAGE LOAN TRUST 2A1-2015-9 | 2/25/2036 | 4.236 | 6,268 | 6,282 | 6,217 | |||||
CITIGROUP MORTGAGE LOAN TRUST 3A1-2013-11 | 9/25/2034 | 4.236 | 972 | 978 | 977 |
F-71
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
CITIGROUP MORTGAGE LOAN TRUST 3A1-2014-6 | 11/25/2035 | 3.649 | 1,872 | 1,863 | 1,875 | |||||
CITIGROUP MORTGAGE LOAN TRUST 3A1-2015-5 | 8/25/2034 | 4.156 | 4,943 | 4,988 | 4,972 | |||||
CITIGROUP MORTGAGE LOAN TRUST 4A1-2015-5 | 4/20/2035 | 4.123 | 10,996 | 11,044 | 10,958 | |||||
CITIGROUP MORTGAGE LOAN TRUST 5A1-2015-5 | 1/25/2036 | 2.565 | 4,188 | 4,115 | 3,968 | |||||
CITIGROUP MORTGAGE LOAN TRUST A1-2015-PS1 | 9/25/2042 | 3.750 | 9,838 | 9,954 | 9,904 | |||||
CITIGROUP MORTGAGE LOAN TRUST A4-2015-A | 6/25/2058 | 4.250 | 802 | 824 | 815 | |||||
COLT FUNDING LLC A1 2017-1 | 5/27/2047 | 2.614 | 13,554 | 13,542 | 13,210 | |||||
COLT FUNDING LLC A1-2016-2 | 9/25/2046 | 2.750 | 2,025 | 2,028 | 2,016 | |||||
COLT FUNDING LLC A1-2016-3 | 12/26/2046 | 2.800 | 9,066 | 9,060 | 8,992 | |||||
COLT FUNDING LLC A1-2018-4 | 12/28/2048 | 4.006 | 19,561 | 19,559 | 19,673 | |||||
COLT FUNDING LLC A1A-2017-2 | 10/25/2047 | 2.415 | 11,740 | 11,733 | 11,563 | |||||
COMMERCIAL TRUST CORPORATION A-2017-7 | 4/25/2057 | 3.000 | 14,934 | 15,031 | 14,817 | |||||
COUNTRYWIDE HOME LOANS 03-46 4A1 | 1/19/2034 | 4.275 | 2,841 | 2,910 | 2,824 | |||||
COUNTYWIDE ALTERNATIVE LOAN 04-33 2A1 | 12/25/2034 | 4.281 | 114 | 114 | 114 | |||||
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES 04-AR3 | 4/25/2034 | 4.117 | 2,066 | 2,093 | 2,097 | |||||
CREDIT SUISSE MORTGAGE CAPITAL 09-2R 1A13 | 9/26/2034 | 4.607 | 11,739 | 11,708 | 11,766 | |||||
CREDIT SUISSE MORTGAGE CAPITAL 10-17R 1A1 | 6/26/2036 | 4.281 | 902 | 902 | 902 | |||||
CREDIT SUISSE MORTGAGE CAPITAL 3A1-2015-7R | 10/27/2036 | 2.646 | 11,205 | 10,900 | 10,890 | |||||
CREDIT SUISSE MORTGAGE CAPITAL A6-2015-1R | 12/27/2035 | 4.743 | 4,670 | 4,701 | 4,733 | |||||
CREDIT SUISSE MORTGAGE CAPTIAL 13-11R 1A1 | 6/27/2034 | 2.750 | 3,879 | 3,876 | 3,860 | |||||
CREDIT SUISSE MORTGAGE CAPTIAL 15A1-2014-11 | 1/27/2036 | 4.151 | 6,406 | 6,416 | 6,436 | |||||
CREDIT SUISSE MORTGAGE CAPTIAL 1A1-2015-6R | 7/27/2035 | 4.065 | 7,836 | 7,895 | 7,974 | |||||
CREDIT SUISSE MORTGAGE CAPTIAL 5A1-2014-5R | 7/27/2037 | 2.500 | 2,243 | 2,243 | 2,194 | |||||
CREDIT SUISSE MORTGAGE CAPTIAL A1-2017-FHA1 | 4/25/2047 | 3.250 | 17,314 | 17,497 | 16,897 | |||||
CREDIT SUISSE MORTGAGE TRUST 13-2R 6A1 | 9/27/2036 | 4.075 | 860 | 861 | 862 | |||||
CREDIT SUISSE MORTGAGE TRUST 2A12-2010-2R | 10/26/2036 | 4.391 | 8,109 | 8,141 | 8,133 | |||||
CREDIT SUISSE MORTGAGE TRUST 2A14-2009-11 | 9/26/2036 | 3.715 | 176 | 176 | 176 | |||||
CREDIT SUISSE MORTGAGE TRUST 6A12-2010-2R | 7/26/2037 | 3.898 | 668 | 669 | 667 | |||||
CREDIT SUISSE MORTGAGE TRUST A1-2017-RPL1 | 7/25/2057 | 2.750 | 18,816 | 18,797 | 18,431 | |||||
CREDIT SUISSE MORTGAGE TRUST A1-2017-RPL3 | 8/1/2057 | 4.000 | 30,604 | 31,635 | 31,003 | |||||
DEEPHAVEN RESIDENTIAL MORTGAGE A1-2017-1A | 12/26/2046 | 2.725 | 10,248 | 10,239 | 10,068 | |||||
DEEPHAVEN RESIDENTIAL MORTGAGE A1-2017-2A | 6/25/2047 | 2.453 | 16,732 | 16,720 | 16,457 | |||||
DEEPHAVEN RESIDENTIAL MORTGAGE A1-2017-3A | 10/25/2047 | 2.577 | 7,652 | 7,645 | 7,555 | |||||
DEEPHAVEN RESIDENTIAL MORTGAGE A1-2018-4A | 10/25/2058 | 4.080 | 40,000 | 39,996 | 40,248 | |||||
ELLINGTON FINANCIAL MORTGAGE A1-2017-1 | 10/25/2047 | 2.687 | 8,272 | 8,266 | 8,203 | |||||
FIRST HORIZON ALTERNATIVE MORTGAGE 04-AA4 A1 | 10/25/2034 | 4.219 | 503 | 508 | 497 | |||||
GMAC MORTGAGE CORPORATION LOAN 2004-AR2 3A | 8/19/2034 | 4.694 | 443 | 444 | 429 | |||||
GMAC MORTGAGE CORPORATION LOAN 2004-AR2 5A1 | 8/19/2034 | 4.696 | 394 | 394 | 391 | |||||
GOLDMAN SACHS MORTGAGE SECURITIES CORPORATION 05-AR1 2A1 | 1/25/2035 | 4.673 | 1,530 | 1,536 | 1,486 | |||||
GOLDMAN SACHS MORTGAGE SECURITIES CORPORATION 2A-2014-4R | 8/26/2035 | 4.548 | 3,887 | 3,917 | 3,906 | |||||
GOLDMAN SACHS MORTGAGE SECURITIES CORPORATION A1A-2018-RPL | 10/25/2057 | 3.750 | 14,850 | 14,644 | 14,599 | |||||
HARBORVIEW MORTGAGE LOAN TRUST 04-10 4A | 1/19/2035 | 4.290 | 339 | 340 | 322 | |||||
HARBORVIEW MORTGAGE LOAN TRUST 04-7 3A1 | 11/19/2034 | 4.076 | 555 | 551 | 546 | |||||
HARBORVIEW MORTGAGE LOAN TRUST 2004-1 4A | 4/19/2034 | 4.402 | 271 | 272 | 273 |
F-72
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
HARBORVIEW MORTGAGE LOAN TRUST 2004-4 3A | 6/19/2034 | 3.424 | 64 | 63 | 61 | |||||
HARBORVIEW MORTGAGE LOAN TRUST 2004-6 5A | 8/19/2034 | 4.653 | 141 | 140 | 139 | |||||
HOMEWARD OPPORTUNITIES A1-2018-2 | 11/25/2058 | 3.985 | 40,000 | 39,998 | 39,999 | |||||
HOMEWARD OPPORTUNITIES FUND I A1-2018-1 | 6/25/2048 | 3.766 | 17,661 | 17,658 | 17,711 | |||||
JEFFERIES & CO A1-2015-R1 | 12/26/2036 | 2.455 | 4,791 | 4,649 | 4,678 | |||||
MERRILL LYNCH MORTGAGE INVESTORS 03-A5 2A6A | 8/25/2033 | 4.428 | 774 | 772 | 798 | |||||
MERRILL LYNCH MORTGAGE INVESTORS 04-1 2A2 | 12/25/2034 | 4.151 | 298 | 299 | 292 | |||||
MERRILL LYNCH MORTGAGE INVESTORS 05-A1 2A | 12/25/2034 | 4.553 | 514 | 515 | 526 | |||||
MERRILL LYNCH MORTGAGE INVESTORS 05-A2 A2 | 2/25/2035 | 3.677 | 1,032 | 1,033 | 1,041 | |||||
METLIFE SECURITIZATION TRUST A-2017-1A | 4/25/2055 | 3.000 | 18,140 | 18,310 | 17,853 | |||||
METLIFE SECURITIZATION TRUST A-2018-1A | 3/25/2057 | 3.750 | 16,013 | 16,041 | 16,158 | |||||
MFA TRUST A1-2017-RPL1 | 2/25/2057 | 2.588 | 23,047 | 23,035 | 22,574 | |||||
MILL CITY MORTGAGE LOAN TRUST A1-2015-2 | 9/25/2057 | 3.000 | 8 | 8 | 8 | |||||
MILL CITY MORTGAGE LOAN TRUST A1-2016-1 | 4/25/2057 | 2.500 | 12,633 | 12,675 | 12,340 | |||||
MILL CITY MORTGAGE LOAN TRUST A1-2017-1 | 11/25/2058 | 2.750 | 24,958 | 24,879 | 24,482 | |||||
MILL CITY MORTGAGE LOAN TRUST A1-2017-2 | 7/25/2059 | 2.750 | 26,109 | 26,282 | 25,592 | |||||
MILL CITY MORTGAGE LOAN TRUST A1-2017-3 | 1/25/2061 | 2.750 | 26,693 | 26,801 | 26,135 | |||||
MILL CITY MORTGAGE LOAN TRUST A2-2015-1 | 6/25/2056 | 3.000 | 5,754 | 5,749 | 5,731 | |||||
MORGAN STANLEY MORTGAGE LOAN 04-10AR A1 | 11/25/2034 | 4.624 | 269 | 272 | 270 | |||||
MORGAN STANLEY MORTGAGE LOAN PT2A | 11/25/2034 | 4.333 | 529 | 538 | 525 | |||||
MORGAN STANLEY REREMIC TRUST 13-R1 5A | 11/26/2036 | 3.667 | 1,078 | 1,078 | 1,081 | |||||
MORGAN STANLEY REREMIC TRUST 13-R3 1A | 2/26/2036 | 4.317 | 2,155 | 2,152 | 2,149 | |||||
MORGAN STANLEY REREMIC TRUST 13-R3 4A | 12/26/2036 | 3.676 | 1,472 | 1,472 | 1,464 | |||||
MORGAN STANLEY REREMIC TRUST 13-R3 5A | 11/26/2036 | 3.667 | 857 | 854 | 851 | |||||
MORGAN STANLEY REREMIC TRUST 13-R8 1A | 9/26/2036 | 4.976 | 5,542 | 5,561 | 5,551 | |||||
MORGAN STANLEY REREMIC TRUST 2014-R6 A | 9/26/2035 | 4.406 | 8,093 | 8,140 | 8,265 | |||||
MORGAN STANLEY REREMIC TRUST 2A-2014-R4 | 8/26/2034 | 4.175 | 8,562 | 8,623 | 8,591 | |||||
MORGAN STANLEY REREMIC TRUST 2A-2015-R1 | 11/20/2036 | 3.879 | 1,715 | 1,713 | 1,691 | |||||
MORGAN STANLEY REREMIC TRUST 2A-2015-R7 | 6/26/2035 | 4.151 | 4,778 | 4,790 | 4,940 | |||||
MORGAN STANLEY REREMIC TRUST 3A-2013-R8 | 9/26/2036 | 4.363 | 323 | 322 | 322 | |||||
MORGAN STANLEY REREMIC TRUST 3A-2014-R4 | 8/26/2034 | 4.090 | 7,398 | 7,452 | 7,385 | |||||
MORGAN STANLEY REREMIC TRUST 4A-2013-R8 | 9/26/2036 | 4.471 | 403 | 403 | 402 | |||||
MORGAN STANLEY REREMIC TRUST 4A-2015-R4 | 8/26/2047 | 4.035 | 4,290 | 4,288 | 4,248 | |||||
MORGAN STANLEY REREMIC TRUST 5A-2013-R9 | 6/26/2046 | 2.670 | 7,486 | 7,356 | 7,252 | |||||
MORGAN STANLEY REREMIC TRUST 6A-2013-R8 | 9/26/2036 | 4.054 | 464 | 463 | 462 | |||||
MORGAN STANLEY REREMIC TRUST 8A-2015-R3 | 4/26/2047 | 4.136 | 1,891 | 1,894 | 1,885 | |||||
MORGAN STANLEY REREMIC TRUST A-2014-R7 | 1/26/2051 | 3.000 | 11,846 | 11,680 | 11,593 | |||||
NATIONSTAR MORTGAGE LOAN TRUST A-2013-A | 12/25/2052 | 3.750 | 1,791 | 1,825 | 1,792 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRSUT A1-2017-6A | 8/27/2057 | 4.000 | 16,819 | 17,316 | 16,982 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A1-2016-1A | 3/25/2056 | 3.750 | 12,197 | 12,499 | 12,235 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A1-2016-2 | 9/25/2056 | 3.750 | 22,131 | 22,858 | 22,199 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A1-2016-2A | 11/26/2035 | 3.750 | 8,390 | 8,592 | 8,397 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A1-2016-4A | 11/25/2056 | 3.750 | 22,208 | 22,782 | 22,277 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A1-2017-1A | 2/25/2057 | 4.000 | 19,222 | 19,695 | 19,342 |
F-73
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
NEW RESIDENTIAL MORTGAGE LOAN TRUST A1-2017-3A | 4/25/2057 | 4.000 | 24,826 | 25,688 | 24,976 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A3-2014-3 | 11/25/2054 | 3.750 | 3,723 | 3,802 | 3,707 | |||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A3-2017-2A | 3/25/2057 | 4.000 | 22,770 | 23,552 | 22,980 | |||||
NOMURA RESECURITIZATION TRUST 1A1-2015-6R | 4/26/2037 | 2.573 | 4,731 | 4,606 | 4,622 | |||||
NOMURA RESECURITIZATION TRUST 3A1-2014-7R | 1/26/2036 | 4.354 | 3,092 | 3,113 | 3,117 | |||||
NOMURA RESECURITIZATION TRUST 4A1-2015-4R | 3/26/2037 | 3.786 | 6,125 | 6,129 | 6,114 | |||||
NOMURA RESECURITIZATION TRUST 5A1-2014-6R | 4/26/2037 | 3.797 | 1,054 | 1,058 | 1,050 | |||||
ONSLOW BAY FINANCIAL 2A1A-2018-EX | 4/25/2048 | 3.356 | 16,856 | 16,856 | 16,856 | |||||
RBSSP RESECURITIZATION TRUST 12-6 8A1 | 4/26/2035 | 3.006 | 1,908 | 1,877 | 1,895 | |||||
RBSSP RESECURITIZATION TRUST 19A1-2009-12 | 12/25/2035 | 4.081 | 5,827 | 5,818 | 5,838 | |||||
RBSSP RESECURITIZATION TRUST 2A1-2009-6 | 1/26/2036 | 4.052 | 1,794 | 1,798 | 1,806 | |||||
RCO MORTGAGE LLC A1-2018-VFS1 | 12/26/2053 | 4.270 | 39,929 | 39,927 | 40,133 | |||||
RESIDENTIAL ASSET SECURITIES 03-K10 AI6 | 12/25/2033 | 4.540 | 92 | 92 | 94 | |||||
RESIDENTIAL FUNDING MORTGAGE SECTION I 06-RP1 | 10/25/2045 | 2.815 | 1,158 | 1,157 | 1,159 | |||||
STAR A1-2018-IMC1 | 3/25/2048 | 3.793 | 30,559 | 30,554 | 30,747 | |||||
STARWOOD MORTGAGE RESIDENTIAL A1-2018-IMC2 | 10/25/2048 | 4.121 | 39,190 | 39,188 | 38,958 | |||||
STRUCTURED ASSET INVESTMENT LOAN TRUST M1-2003-BC5 | 6/25/2033 | 3.440 | 3,967 | 3,856 | 3,964 | |||||
STRUCTURED ASSET SECURITIES CORPORATION 03-24A 5A | 7/25/2033 | 4.493 | 329 | 333 | 327 | |||||
TOWD POINT MORTGAGE TRUST 1A12-2015-2 | 11/25/2060 | 2.750 | 2,380 | 2,369 | 2,342 | |||||
TOWD POINT MORTGAGE TRUST A1-2015-4 | 4/25/2055 | 3.500 | 774 | 785 | 769 | |||||
TOWD POINT MORTGAGE TRUST A1-2015-5 | 5/25/2055 | 3.500 | 7,044 | 7,122 | 7,004 | |||||
TOWD POINT MORTGAGE TRUST A1-2015-6 | 4/25/2055 | 3.500 | 10,048 | 10,119 | 10,019 | |||||
TOWD POINT MORTGAGE TRUST A1-2016-1 | 2/25/2055 | 3.500 | 11,208 | 11,314 | 11,142 | |||||
TOWD POINT MORTGAGE TRUST A1-2016-2 | 8/25/2055 | 3.000 | 12,577 | 12,633 | 12,371 | |||||
TOWD POINT MORTGAGE TRUST A1-2016-3 | 4/25/2056 | 2.250 | 20,038 | 20,009 | 19,578 | |||||
TOWD POINT MORTGAGE TRUST A1-2017-3 | 7/25/2057 | 2.750 | 17,715 | 17,791 | 17,349 | |||||
TOWD POINT MORTGAGE TRUST A1-2017-4 | 6/25/2057 | 2.750 | 19,718 | 19,818 | 19,253 | |||||
TOWD POINT MORTGAGE TRUST A1A-2015-3 | 3/25/2054 | 3.500 | 6,361 | 6,416 | 6,328 | |||||
TOWD POINT MORTGAGE TRUST A1B-2015-3 | 3/25/2054 | 3.000 | 3,181 | 3,190 | 3,147 | |||||
TOWD POINT MORTGAGE TRUST A4B-2015-3 | 3/25/2054 | 3.500 | 3,449 | 3,504 | 3,402 | |||||
VERUS SECURITIZATION TRUST A1-2017-1A | 1/25/2047 | 2.853 | 11,308 | 11,299 | 11,206 | |||||
VERUS SECURITIZATION TRUST A1-2017-2A | 7/25/2047 | 2.485 | 21,875 | 21,862 | 21,548 | |||||
WASHINGTON MUTUAL 03-AR6 A1 | 6/25/2033 | 4.222 | 797 | 795 | 803 | |||||
WASHINGTON MUTUAL 04-AR10 A1A | 7/25/2044 | 3.255 | 584 | 586 | 580 | |||||
WASHINGTON MUTUAL 05-AR3 A2 | 3/25/2035 | 3.672 | 1,348 | 1,353 | 1,314 | |||||
WASHINGTON MUTUAL 05-AR4 A5 | 4/25/2035 | 3.735 | 3,392 | 3,380 | 3,301 | |||||
WELLS FARGO MORTGAGE BACKED SECURITY 03-M A1 | 12/25/2033 | 4.903 | 718 | 737 | 734 | |||||
WELLS FARGO MORTGAGE BACKED SECURITY 04-DD 2A6 | 1/25/2035 | 4.717 | 812 | 810 | 836 | |||||
WELLS FARGO MORTGAGE BACKED SECURITY 04-I 1A1 | 7/25/2034 | 4.766 | 1,388 | 1,389 | 1,417 | |||||
WELLS FARGO MORTGAGE BACKED SECURITY 04-K 2A6 | 7/25/2034 | 4.487 | 1,100 | 1,136 | 1,129 | |||||
WELLS FARGO MORTGAGE BACKED SECURITY 04-Q 1A2 | 9/25/2034 | 4.720 | 1,932 | 1,959 | 1,968 | |||||
WELLS FARGO MORTGAGE BACKED SECURITY 04-W A8 | 11/25/2034 | 4.848 | 2,959 | 2,960 | 2,960 | |||||
WELLS FARGO MORTGAGE BACKED SECURITY 05-AR12 2A5 | 6/25/2035 | 4.503 | 1,328 | 1,271 | 1,362 | |||||
WELLS FARGO MORTGAGE BACKED SECURITY 05-AR2 2A2 | 3/25/2035 | 4.090 | 301 | 302 | 307 |
F-74
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO MORTGAGE BACKED SECURITY 05-AR2 3A1 | 3/25/2035 | 3.994 | 622 | 618 | 633 | |||||
WELLS FARGO MORTGAGE BACKED SECURITY 2004-0 A1 | 8/25/2034 | 4.681 | 175 | 174 | 180 | |||||
WELLS FARGO MORTGAGE BACKED SECURITY 2907 AG | 1/25/2035 | 4.869 | 346 | 346 | 353 | |||||
WELLS FARGO MORTGAGE BACKED SECURITY 2A2-2005-AR1 | 6/25/2035 | 4.513 | 5,759 | 5,879 | 5,908 | |||||
TOTAL NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES | 1,516,730 | 1,502,195 | ||||||||
TOTAL RESIDENTIAL MORTGAGE BACKED SECURITIES | 3,073,657 | 3,053,703 | ||||||||
ASSET BACKED SECURITIES | ||||||||||
APIDOS CLO APID_15-20A | 7/16/2031 | 3.536 | 20,000 | 20,000 | 19,628 | |||||
AVIS BUDGET RENTAL CAR FUNDING A-2015-2A | 12/20/2021 | 2.630 | 35,669 | 35,764 | 35,261 | |||||
AVIS BUDGET RENTAL CAR FUNDING A-2016-1A | 6/20/2022 | 2.990 | 36,874 | 37,274 | 36,649 | |||||
AVIS BUDGET RENTAL CAR FUNDING A-2016-2A | 11/20/2022 | 2.720 | 38,000 | 37,818 | 37,310 | |||||
AVIS BUDGET RENTAL CAR FUNDING A-2017-1A | 9/20/2023 | 3.070 | 8,020 | 8,055 | 7,953 | |||||
BALLYROCK A1-2018-1A | 4/20/2031 | 3.469 | 40,000 | 40,000 | 38,972 | |||||
BRAZOS HIGHER EDUCATION AUTHORITY A2-2010-1 | 2/25/2035 | 3.877 | 20,000 | 19,804 | 20,423 | |||||
CARLYLE GLOBAL MARKET STRATEGIES A1R-2013-1A | 8/14/2030 | 3.838 | 20,000 | 20,000 | 19,784 | |||||
CARLYLE GLOBAL MARKET STRATEGIES A1RR-2013-4A | 1/15/2031 | 3.436 | 20,000 | 20,000 | 19,549 | |||||
CARLYLE GLOBAL MARKET STRATEGIES CLASS-20-143 | 10/15/2030 | 3.536 | 12,315 | 12,332 | 12,106 | |||||
CENTRE POINT FUNDING LLC 12-2 A | 8/20/2021 | 2.610 | 456 | 456 | 450 | |||||
CHESAPEAKE FUNDING II LLC A1-2016-1A | 3/15/2028 | 2.110 | 1,699 | 1,699 | 1,695 | |||||
CLI FUNDING LLC A-2014-1A | 6/18/2029 | 3.290 | 7,950 | 7,958 | 7,815 | |||||
COLLEGE LOAN CORPORATION TRUST 02-2 A24 | 3/1/2042 | 3.818 | 10,000 | 8,762 | 9,835 | |||||
DRYDEN SENIOR LOAN FUND A1-2017-47A | 4/15/2028 | 3.676 | 21,700 | 21,768 | 21,509 | |||||
DRYDEN SENIOR LOAN FUND A1-2018-55A | 4/15/2031 | 3.456 | 12,000 | 12,000 | 11,740 | |||||
DRYDEN SENIOR LOAN FUND A4A-2008-1 | 10/15/2028 | 3.866 | 20,000 | 20,027 | 20,000 | |||||
EDUCATIONAL SERVICES OF AMERICA A-2012-2 | 4/25/2039 | 3.236 | 4,299 | 4,297 | 4,270 | |||||
EDUCATIONAL SERVICES OF AMERICA A-2014-1 | 2/25/2039 | 3.206 | 13,671 | 13,496 | 13,717 | |||||
EDUCATIONAL SERVICES OF AMERICA A-2014-3 | 2/25/2036 | 3.106 | 920 | 904 | 920 | |||||
FIRST INVESTORS AUTO OWNER TRUST A2-2016-1A | 4/15/2021 | 2.260 | 2,571 | 2,571 | 2,568 | |||||
HENDERSON RECEIVABLES LLC 10-3A A | 12/15/2048 | 3.820 | 947 | 948 | 959 | |||||
HERTZ VEHICLE FINANCING LLC A-2015-1A | 3/25/2021 | 2.730 | 35,000 | 34,962 | 34,704 | |||||
HERTZ VEHICLE FINANCING LLC A-2015-3A | 9/25/2021 | 2.670 | 20,000 | 19,932 | 19,708 | |||||
HERTZ VEHICLE FINANCING LLC A-2016-1A | 3/25/2020 | 2.320 | 17,105 | 17,105 | 17,066 | |||||
HERTZ VEHICLE FINANCING LLC A-2016-2A | 3/25/2022 | 2.950 | 33,900 | 33,850 | 33,479 | |||||
HERTZ VEHICLE FINANCING LLC A-2016-4A | 7/25/2022 | 2.650 | 8,168 | 8,079 | 7,997 | |||||
HILTON GRAND VACATIONS TRUST 13-A A | 1/25/2026 | 2.280 | 2,804 | 2,801 | 2,791 | |||||
KENTUCKY HIGHER EDUCATION STUDENT LOAN A1-2013-2 | 9/1/2028 | 2.899 | 6,074 | 5,959 | 6,112 | |||||
MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORP. A1-2014-1 | 10/25/2035 | 2.995 | 5,714 | 5,602 | 5,720 | |||||
MVW OWNER TRUST 16-1A | 12/20/2033 | 2.250 | 9,479 | 9,427 | 9,271 | |||||
NAVITAS EQUIPMENT RECEIVABLES A2-2016-1 | 6/15/2021 | 2.200 | 1,271 | 1,271 | 1,269 | |||||
NORTHSTAR EDUCATION FINANCE A3-2002-1 | 4/1/2042 | 5.844 | 5,000 | 4,711 | 4,829 | |||||
OCTAGON INVESTMENT PARTNERS OCT30_17-1A | 3/17/2030 | 3.789 | 6,900 | 6,900 | 6,845 | |||||
OZLM A1-2017-21A | 1/20/2031 | 3.619 | 16,000 | 16,023 | 15,762 | |||||
PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY WL 13-1A | 11/25/2036 | 2.815 | 2,984 | 2,929 | 2,967 |
F-75
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
RACE POINT CLO LTD AR-2013-8A | 2/20/2030 | 3.671 | 14,000 | 14,000 | 13,935 | |||||
SALLIE MAE 11-2 A1 | 11/25/2027 | 3.106 | 825 | 824 | 828 | |||||
SALLIE MAE 12-3 A | 12/27/2038 | 2.965 | 7,239 | 7,280 | 7,230 | |||||
SALLIE MAE A6-2006-2 | 1/25/2041 | 2.660 | 19,417 | 18,429 | 18,839 | |||||
SBA TOWER TRUST A-2015-1 | 10/8/2020 | 3.156 | 8,108 | 8,156 | 8,053 | |||||
SBA TOWER TRUST C-2013-2 | 4/11/2023 | 3.722 | 2,815 | 2,791 | 2,817 | |||||
SBA TOWER TRUST C-2016-1A | 7/9/2021 | 2.877 | 8,055 | 8,081 | 7,907 | |||||
SBA TOWER TRUST C-2017-1 | 4/11/2022 | 3.168 | 22,000 | 22,000 | 21,740 | |||||
SIERRA RECEIVABLES FUNDING COMPANY A-2016-1A | 3/21/2033 | 3.080 | 4,413 | 4,412 | 4,401 | |||||
SIERRA RECEIVABLES FUNDING COMPANY A-2016-2A | 7/20/2033 | 2.330 | 256 | 252 | 251 | |||||
SIERRA RECEIVABLES FUNDING COMPANY A-2016-3A | 10/20/2033 | 2.430 | 5,039 | 5,038 | 4,983 | |||||
SMALL BUSINESS ADMINISTRATION 2002-20J | 10/1/2022 | 4.750 | 180 | 181 | 183 | |||||
SMB PRIVATE EDUCATION LOAN TRUST A2A-2017-B | 10/15/2035 | 2.820 | 11,000 | 10,999 | 10,736 | |||||
SPS SERVICER ADVANCE RECEIVABLE AT2-2016-T2 | 11/15/2049 | 2.750 | 26,205 | 26,201 | 26,156 | |||||
STUDENT LOAN TRUST A4A-2008-1 | 12/15/2032 | 4.388 | 4,708 | 4,767 | 4,821 | |||||
TAL ADVANTAGE LLC 13-1 A | 2/22/2038 | 2.830 | 1,573 | 1,575 | 1,548 | |||||
TRIP RAIL MASTER FUNDING LLC A1-2017-1A | 8/15/2047 | 2.709 | 9,010 | 9,010 | 8,934 | |||||
VOI MORTGAGE LLC A-2016-A | 7/20/2033 | 2.540 | 7,402 | 7,399 | 7,281 | |||||
WELLS FARGO MORTGAGE BACKED SECURITY A-2013-A | 3/15/2029 | 3.100 | 456 | 453 | 455 | |||||
TOTAL ASSET BACKED SECURITIES | 667,332 | 662,731 | ||||||||
COMMERCIAL MORTGAGE BACKED SECURITIES | ||||||||||
AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES | ||||||||||
FANNIE MAE 06-M2 A2A | 10/25/2032 | 5.271 | 4,932 | 5,175 | 5,348 | |||||
FANNIE MAE DEF_31381HZL | 1/1/2019 | 6.075 | 3 | 3 | 3 | |||||
FREDDIE MAC A-20KBF2 | 10/25/2025 | 2.946 | 53,500 | 53,500 | 53,271 | |||||
FREDDIE MAC A-20KF50 | 7/25/2028 | 2.906 | 10,000 | 10,011 | 9,934 | |||||
FREDDIE MAC A-20KF52 | 9/25/2028 | 2.926 | 21,000 | 21,000 | 20,966 | |||||
FREDDIE MAC A-20KF53 | 10/25/2025 | 2.896 | 29,999 | 29,999 | 29,767 | |||||
FREDDIE MAC A-20KF54 | 11/25/2028 | 2.986 | 65,000 | 65,003 | 64,622 | |||||
FREDDIE MAC A-20KF55 | 11/25/2025 | 3.016 | 65,000 | 65,125 | 64,841 | |||||
FREDDIE MAC AFL-20KSL1 | 11/25/2023 | 2.976 | 22,000 | 22,000 | 21,990 | |||||
FREDDIE MAC AFL-20W5FL | 5/25/2025 | 2.726 | 26,186 | 26,186 | 25,984 | |||||
FREDDIE MAC AFLW-20KL3W | 8/25/2025 | 2.956 | 15,000 | 15,041 | 15,028 | |||||
GINNIE MAE 11-165 A | 10/16/2037 | 2.194 | 5,621 | 5,638 | 5,563 | |||||
GINNIE MAE 13-141 A | 6/16/2040 | 2.023 | 10,859 | 10,857 | 10,604 | |||||
GINNIE MAE 13-146 AH | 8/16/2040 | 2.000 | 4,284 | 4,286 | 4,164 | |||||
GINNIE MAE 13-159 A | 8/16/2038 | 1.794 | 664 | 664 | 662 | |||||
GINNIE MAE 17-127 | 4/16/2052 | 2.500 | 19,533 | 19,416 | 18,561 | |||||
GINNIE MAE 17-135 | 5/16/2049 | 2.200 | 29,636 | 29,406 | 28,280 | |||||
GINNIE MAE 17-146 | 8/16/2047 | 2.200 | 24,339 | 24,189 | 23,060 | |||||
GINNIE MAE 7-140 | 2/16/2059 | 2.500 | 24,454 | 24,313 | 23,574 | |||||
GINNIE MAE A-2013-57 | 6/16/2037 | 1.350 | 2,534 | 2,517 | 2,432 | |||||
GINNIE MAE A-2014-61 | 1/16/2044 | 2.205 | 5,221 | 5,225 | 5,134 |
F-76
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
GINNIE MAE AB-2013-194 | 5/16/2038 | 2.250 | 7,310 | 7,325 | 7,150 | |||||
GINNIE MAE AB-2014-143 | 3/16/2040 | 2.500 | 1,496 | 1,513 | 1,478 | |||||
GINNIE MAE AB-2014-75 | 6/16/2047 | 2.000 | 3,823 | 3,828 | 3,765 | |||||
GINNIE MAE AC-2013-13 | 4/16/2046 | 1.700 | 3,351 | 3,239 | 3,082 | |||||
GINNIE MAE AC-2014-112 | 12/16/2040 | 1.900 | 2,663 | 2,679 | 2,591 | |||||
GINNIE MAE AC-2014-143 | 3/16/2040 | 2.000 | 2,993 | 3,005 | 2,927 | |||||
GINNIE MAE AC-2014-48 | 10/16/2041 | 1.900 | 7,215 | 7,257 | 7,010 | |||||
GINNIE MAE AC-2014-70 | 4/16/2042 | 1.900 | 8,011 | 8,050 | 7,838 | |||||
GINNIE MAE AC-2015-98 | 4/16/2041 | 2.150 | 11,589 | 11,698 | 11,248 | |||||
GINNIE MAE AD-2014-9 | 9/16/2041 | 2.500 | 4,287 | 4,350 | 4,223 | |||||
GINNIE MAE AD-2016-1829 | 11/16/2043 | 2.250 | 17,265 | 17,345 | 16,682 | |||||
GINNIE MAE AG-2016-39 | 1/16/2043 | 2.300 | 12,045 | 12,090 | 11,679 | |||||
GINNIE MAE AG-2017-171 | 10/16/2048 | 2.250 | 24,484 | 24,215 | 23,249 | |||||
GINNIE MAE AN-2014-17 | 6/16/2048 | 2.365 | 4,183 | 4,239 | 4,230 | |||||
TOTAL AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES | 550,387 | 540,940 | ||||||||
NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES | ||||||||||
280 PARK AVENUE MORTGAGE TRUST 2017-A | 9/15/2034 | 3.267 | 40,000 | 40,000 | 39,937 | |||||
ASHFORD HOSPITALITY TRUST_A-2018-KEYS | 5/15/2035 | 3.455 | 40,000 | 40,000 | 39,886 | |||||
BHMS MORTGAGE TRUST BHMS_18-ATLS | 7/15/2035 | 3.705 | 40,000 | 40,000 | 39,534 | |||||
BRAEMAR HOTELS & RESORTS TRUST A-2018-PRME | 6/15/2035 | 3.275 | 15,000 | 15,000 | 14,795 | |||||
BX TRUST A-2017-APPL | 7/15/2034 | 3.335 | 13,421 | 13,421 | 13,278 | |||||
BX TRUST A-2017-SLCT | 7/15/2034 | 3.375 | 18,025 | 18,025 | 17,877 | |||||
BX TRUST A-2018-GW | 5/15/2035 | 3.255 | 12,000 | 11,747 | 11,741 | |||||
CLNS TRUST A-2017-IKPR | 6/11/2032 | 3.200 | 30,000 | 30,000 | 29,791 | |||||
COLONY STARWOOD HOMES A-2016-2A | 12/17/2033 | 3.705 | 24,856 | 24,856 | 24,891 | |||||
COSMOPOLITAN HOTEL TRUST A-2017-CSMO | 11/15/2036 | 3.385 | 25,090 | 25,033 | 24,707 | |||||
DBGS MORTGAGE TRUST A-2018-5BP | 6/15/2033 | 3.100 | 40,000 | 39,808 | 39,166 | |||||
DBGS MORTGAGE TRUST A-2018-BIOD | 5/15/2035 | 3.258 | 23,203 | 23,183 | 23,007 | |||||
DBUBS MORTGAGE TRUST 11-LC2 A1 | 7/10/2044 | 3.527 | 1,143 | 1,144 | 1,145 | |||||
DBWF MORTGAGE TRUST A-2018-GLKS | 11/19/2035 | 3.500 | 20,000 | 19,788 | 19,787 | |||||
GOLDMAN SACHS MORTGAGE SECURITIES CORPORATION 10-C2 A1 | 12/10/2043 | 3.849 | 574 | 575 | 576 | |||||
GPT_18-GPP | 6/15/2035 | 3.468 | 30,982 | 30,922 | 30,818 | |||||
HOME PARTNERS OF AMERICA TRUST | 10/17/2033 | 3.605 | 12,419 | 12,366 | 12,420 | |||||
HOME PARTNERS OF AMERICA TRUST A-2017-1 | 7/17/2034 | 3.272 | 19,601 | 19,573 | 19,501 | |||||
HOME PARTNERS OF AMERICA TRUST A-2018-1 | 7/17/2037 | 3.355 | 28,736 | 28,736 | 28,477 | |||||
INVITATION HOMES TRUST A-2017-SFR2 | 12/17/2036 | 3.305 | 14,177 | 14,127 | 14,023 | |||||
INVITATION HOMES TRUST A-2018-SFR2 | 6/17/2037 | 3.355 | 14,373 | 14,305 | 14,167 | |||||
INVITATION HOMES TRUST A-2018-SFR3 | 7/17/2037 | 3.455 | 39,849 | 39,849 | 39,668 | |||||
INVITATION HOMES TRUST A-2018-SFR4 | 1/17/2038 | 3.555 | 33,612 | 33,667 | 33,632 | |||||
JP MORGAN CHASE COMMERCIAL MORTGAGE 09-IWST A2 | 12/5/2027 | 5.633 | 1,250 | 1,289 | 1,276 | |||||
MONARCH BEACH RESORT TRUST MBR_18-MBR | 7/15/2035 | 3.375 | 31,900 | 31,900 | 31,758 | |||||
MORGAN STANLEY CAPITAL I TRUST MSC_18-BOP | 8/15/2033 | 3.305 | 20,000 | 20,000 | 19,920 | |||||
PFP 2017-3 | 1/14/2035 | 3.505 | 363 | 363 | 363 |
F-77
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
PROGRESS RESIDENTIAL TRUST A-2017-SFR1 | 8/17/2034 | 2.768 | 18,830 | 18,823 | 18,394 | |||||
STARWOOD WAYPOINT HOMES TRUST-2017-1 | 1/17/2035 | 3.257 | 29,567 | 29,567 | 29,520 | |||||
UBS-CITIGROUP COMMERCIAL MORTGAGE TRUST 11-C1 AAB | 1/10/2045 | 3.187 | 5,189 | 5,201 | 5,187 | |||||
VSD LLC 2017-PLT1 | 12/25/2043 | 3.600 | 5,585 | 5,585 | 5,580 | |||||
WELLS FARGO COMMERCIAL MORTGAGE TRUST WFCM_17-SMP | 12/15/2034 | 3.205 | 12,500 | 12,228 | 12,218 | |||||
TOTAL NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES | 661,081 | 657,040 | ||||||||
TOTAL COMMERCIAL MORTGAGE BACKED SECURITIES | 1,211,468 | 1,197,980 | ||||||||
CORPORATE DEBT SECURITIES | ||||||||||
BANKING | ||||||||||
WASHINGTON MUTUAL BANK/HENDERSON | 6/15/2011 | — | 1,500 | — | 3 | c,d | ||||
TOTAL BANKING | — | 3 | ||||||||
BASIC INDUSTRY | ||||||||||
E I DU PONT DE NEMOURS AND CO | 5/1/2020 | 2.200 | 31,964 | 32,005 | 31,740 | |||||
LYONDELLBASELL INDUSTRIES NV | 4/15/2019 | 5.000 | 16,473 | 16,588 | 16,484 | |||||
TOTAL BASIC INDUSTRY | 48,593 | 48,224 | ||||||||
CAPITAL GOODS | ||||||||||
BAE SYSTEMS PLC | 12/15/2020 | 2.850 | 21,099 | 21,031 | 20,814 | |||||
BUNZL PLC | 1/15/2020 | 2.930 | 1,300 | 1,306 | 1,284 | |||||
GENERAL DYNAMICS CORPORATION | 5/11/2020 | 2.875 | 20,000 | 19,963 | 20,014 | |||||
GENERAL DYNAMICS CORPORATION | 5/11/2021 | 3.000 | 14,905 | 14,823 | 14,920 | |||||
HONEYWELL INTERNATIONAL INC | 10/30/2019 | 1.400 | 18,980 | 18,976 | 18,767 | |||||
NORTHROP GRUMMAN CORP | 3/15/2021 | 3.500 | 5,000 | 5,105 | 5,030 | |||||
NORTHROP GRUMMAN CORP | 10/15/2022 | 2.550 | 14,207 | 13,788 | 13,759 | |||||
SIEMENS AG | 3/16/2020 | 2.200 | 28,000 | 27,852 | 27,694 | |||||
UNITED TECHNOLOGIES CORPORATION | 4/15/2020 | 4.500 | 5,228 | 5,394 | 5,306 | |||||
TOTAL CAPITAL GOODS | 128,238 | 127,588 | ||||||||
COMMUNICATIONS | ||||||||||
A&E TELEVISION NETWORKS LLC | 8/22/2019 | 3.110 | 5,000 | 5,011 | 4,974 | |||||
AMERICA MOVIL SAB DE CV | 3/30/2020 | 5.000 | 30,685 | 31,343 | 31,219 | |||||
AMERICAN TOWER CORPORATION | 6/1/2020 | 2.800 | 1,061 | 1,053 | 1,053 | |||||
AMERICAN TOWER CORPORATION | 2/15/2021 | 3.300 | 24,365 | 24,299 | 24,241 | |||||
DISCOVERY INC | 11/15/2019 | 2.750 | 36,347 | 36,398 | 36,044 | |||||
DISCOVERY INC | 6/15/2020 | 2.800 | 3,300 | 3,318 | 3,276 | |||||
SKY PLC | 11/26/2022 | 3.125 | 5,000 | 4,991 | 4,915 | |||||
SKY PLC | 9/16/2019 | 2.625 | 11,805 | 11,823 | 11,717 | |||||
TOTAL COMMUNICATIONS | 118,236 | 117,439 | ||||||||
CONSUMER CYCLICAL | ||||||||||
AUTOLIV INC | 4/23/2019 | 2.840 | 5,000 | 5,000 | 4,986 | |||||
COMPASS GROUP PLC | 9/18/2020 | 3.090 | 7,000 | 7,069 | 6,927 | |||||
FORD MOTOR COMPANY | 11/2/2020 | 2.343 | 10,000 | 9,744 | 9,620 |
F-78
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
MCDONALDS CORPORATION | 5/29/2019 | 1.875 | 2,142 | 2,141 | 2,133 | |||||
TOTAL CONSUMER CYCLICAL | 23,954 | 23,666 | ||||||||
CONSUMER NON CYCLICAL | ||||||||||
ABBVIE INC | 5/14/2020 | 2.500 | 25,000 | 24,802 | 24,735 | |||||
ALLERGAN PLC | 3/12/2020 | 3.000 | 1,465 | 1,476 | 1,459 | |||||
ANHEUSER BUSCH INBEV NV | 7/15/2022 | 2.500 | 10,000 | 9,713 | 9,545 | |||||
BACARDI LTD | 1/15/2021 | 4.500 | 2,783 | 2,905 | 2,818 | |||||
BECTON DICKINSON AND COMPANY | 12/15/2019 | 2.675 | 24,067 | 24,130 | 23,834 | |||||
BECTON DICKINSON AND COMPANY | 6/5/2020 | 2.404 | 10,720 | 10,720 | 10,572 | |||||
CARDINAL HEALTH INC | 12/15/2020 | 4.625 | 9,490 | 9,699 | 9,720 | |||||
CARDINAL HEALTH INC | 6/14/2019 | 1.948 | 16,335 | 16,335 | 16,232 | |||||
CVS HEALTH CORPORATION | 8/12/2019 | 2.250 | 5,595 | 5,604 | 5,565 | |||||
CVS HEALTH CORPORATION | 6/1/2021 | 2.125 | 12,075 | 11,939 | 11,663 | |||||
ESSILOR INTERNATIONAL SA | 1/5/2022 | 2.050 | 6,000 | 6,000 | 5,719 | |||||
EXPRESS SCRIPTS HOLDING COMPANY | 11/15/2021 | 4.750 | 10,000 | 10,261 | 10,289 | |||||
EXPRESS SCRIPTS HOLDING COMPANY | 6/15/2019 | 2.250 | 10,000 | 10,012 | 9,956 | |||||
GENERAL MILLS INC | 10/21/2019 | 2.200 | 5,000 | 4,968 | 4,960 | |||||
GILEAD SCIENCES INC | 9/1/2020 | 2.550 | 25,000 | 24,794 | 24,794 | |||||
JM SMUCKER | 3/15/2020 | 2.500 | 9,231 | 9,239 | 9,137 | |||||
KELLOGG COMPANY | 11/15/2019 | 4.150 | 15,100 | 15,342 | 15,226 | |||||
KELLOGG COMPANY | 12/15/2020 | 4.000 | 15,000 | 15,641 | 15,146 | |||||
KROGER CO | 8/1/2022 | 2.800 | 5,845 | 5,692 | 5,666 | |||||
MOLSON COORS BREWING | 7/15/2019 | 1.450 | 26,761 | 26,757 | 26,471 | |||||
MOLSON COORS BREWING | 7/15/2021 | 2.100 | 10,000 | 9,848 | 9,634 | |||||
MONDELEZ INTERNATIONAL HOLDING | 10/28/2019 | 1.625 | 38,625 | 38,555 | 38,090 | |||||
PFIZER INC | 12/15/2019 | 1.700 | 14,425 | 14,422 | 14,274 | |||||
SHIRE ACQUISITIONS INVESTMENTS | 9/23/2019 | 1.900 | 10,000 | 9,968 | 9,861 | |||||
SODEXO | 3/4/2019 | 2.710 | 10,000 | 10,000 | 9,981 | |||||
SYSCO CORPORATION | 7/15/2021 | 2.500 | 2,000 | 2,006 | 1,953 | |||||
SYSCO CORPORATION | 4/1/2019 | 1.900 | 37,240 | 37,251 | 37,130 | |||||
TEVA PHARMACEUTICAL FINANCE NE | 7/19/2019 | 1.700 | 7,554 | 7,554 | 7,432 | |||||
TYSON 2009 FAMILY TRUST | 8/15/2019 | 2.650 | 38,879 | 38,927 | 38,678 | |||||
TOTAL CONSUMER NON CYCLICAL | 414,560 | 410,540 | ||||||||
ELECTRIC | ||||||||||
AMERICAN ELECTRIC POWER COMPANY INC | 10/1/2022 | 2.400 | 2,000 | 1,926 | 1,928 | |||||
AMERICAN ELECTRIC POWER COMPANY INC | 4/30/2019 | 2.610 | 8,000 | 8,000 | 7,969 | |||||
AMERICAN ELECTRIC POWER COMPANY INC | 11/13/2020 | 2.150 | 6,035 | 5,929 | 5,909 | |||||
AMERICAN ELECTRIC POWER COMPANY INC | 12/1/2021 | 3.650 | 10,316 | 10,315 | 10,403 | |||||
DUKE ENERGY CORP | 8/15/2022 | 3.050 | 3,053 | 2,979 | 2,993 | |||||
DUKE ENERGY CORP | 12/15/2019 | 2.100 | 10,235 | 10,235 | 10,178 | |||||
EMERA INCORPORATED | 6/15/2019 | 2.150 | 8,424 | 8,424 | 8,370 | |||||
EMERA INCORPORATED | 6/15/2021 | 2.700 | 20,495 | 19,981 | 19,967 |
F-79
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
EVERSOURCE ENERGY | 3/15/2022 | 2.750 | 1,050 | 1,051 | 1,027 | |||||
PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED | 11/15/2019 | 1.600 | 862 | 854 | 849 | |||||
TEXAS ENERGY FUTURE HOLDINGS LP | 6/1/2019 | 2.150 | 25,030 | 25,045 | 24,902 | |||||
THE SOUTHERN COMPANY | 7/1/2021 | 2.350 | 33,334 | 33,205 | 32,343 | |||||
WEC ENERGY GROUP INC | 11/1/2020 | 4.170 | 1,610 | 1,656 | 1,633 | |||||
WEC ENERGY GROUP INC | 6/15/2021 | 3.375 | 3,500 | 3,474 | 3,491 | |||||
WEC ENERGY GROUP INC | 6/15/2020 | 2.450 | 16,050 | 15,950 | 15,850 | |||||
XCEL ENERGY INC | 8/15/2020 | 2.200 | 14,835 | 14,824 | 14,631 | |||||
XCEL ENERGY INC | 3/15/2021 | 2.400 | 4,000 | 3,893 | 3,933 | |||||
TOTAL ELECTRIC | 167,741 | 166,376 | ||||||||
ENERGY | ||||||||||
CENOVUS ENERGY INC | 10/15/2019 | 5.700 | 3,292 | 3,311 | 3,339 | |||||
ENTERPRISE PRODUCTS PARTNERS LP | 10/15/2019 | 2.550 | 24,460 | 24,531 | 24,298 | |||||
WILLIAMS COMPANIES INC | 11/15/2020 | 4.125 | 10,000 | 10,111 | 10,075 | |||||
TOTAL ENERGY | 37,953 | 37,712 | ||||||||
FINANCE COMPANIES | ||||||||||
GENERAL ELECTRIC CO | 11/15/2020 | 2.342 | 15,000 | 14,733 | 14,470 | |||||
TOTAL FINANCE COMPANIES | 14,733 | 14,470 | ||||||||
INSURANCE | ||||||||||
UNITEDHEALTH GROUP INC | 11/15/2021 | 3.375 | 20,000 | 20,126 | 20,145 | |||||
UNITEDHEALTH GROUP INC | 3/15/2022 | 2.875 | 2,000 | 1,963 | 1,984 | |||||
TOTAL INSURANCE | 22,089 | 22,129 | ||||||||
NATURAL GAS | ||||||||||
SEMPRA ENERGY | 3/15/2020 | 2.400 | 8,565 | 8,558 | 8,462 | |||||
TOTAL NATURAL GAS | 8,558 | 8,462 | ||||||||
TECHNOLOGY | ||||||||||
BROADCOM LTD | 1/15/2020 | 2.375 | 20,000 | 20,044 | 19,759 | |||||
CISCO SYSTEMS INC | 9/20/2019 | 1.400 | 12,495 | 12,492 | 12,362 | |||||
TOTAL TECHNOLOGY | 32,536 | 32,121 | ||||||||
TRANSPORTATION | ||||||||||
CSX CORP | 10/30/2020 | 3.700 | 10,000 | 10,271 | 10,087 | |||||
TOTAL TRANSPORTATION | 10,271 | 10,087 | ||||||||
TOTAL CORPORATE DEBT SECURITIES | 1,027,462 | 1,018,817 | ||||||||
TOTAL FIXED MATURITIES | 7,781,708 | 7,734,750 | ||||||||
F-80
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
EQUITY SECURITIES | ||||||||||
CONGLOMERATES/DIVERSIFIED MFG | ||||||||||
DAYCO LLC | 10 | 115 | 350 | d | ||||||
TOTAL CONGLOMERATES/DIVERSIFIED MFG | 115 | 350 | ||||||||
METALS/MINING | ||||||||||
ALERIS CORPORATION | 5 | 184 | 116 | d | ||||||
TOTAL METALS/MINING | 184 | 116 | ||||||||
TOTAL EQUITY SECURITIES | 299 | 466 | ||||||||
SYNDICATED LOANS | ||||||||||
BASIC INDUSTRY | ||||||||||
ALPHA 3 BV | 1/31/2024 | 5.386 | 171 | 170 | 170 | |||||
AXALTA COATING SYSTEMS LTD | 6/1/2024 | 4.136 | 632 | 632 | 632 | |||||
CHEMOURS COMPANY | 4/3/2025 | 4.100 | 1,905 | 1,905 | 1,905 | |||||
INEOS LTD | 3/29/2024 | 4.345 | 993 | 993 | 993 | |||||
KINOVE LUXEMBOURG HOLDINGS | 7/25/2024 | 4.386 | 823 | 824 | 824 | |||||
KRATON CORP | 3/8/2025 | 4.845 | 534 | 533 | 533 | |||||
MESSER INDUSTRIE GMBH | 10/15/2025 | 4.834 | 750 | 748 | 748 | |||||
MINERALS TECHNOLOGIES INC. | 2/13/2024 | 4.795 | 125 | 125 | 125 | |||||
PLATFORM SPECIALTY PRODUCTS CORP | 6/7/2023 | 5.345 | 682 | 679 | 679 | |||||
PLATFORM SPECIALTY PRODUCTS CORP | 6/7/2020 | 4.845 | 255 | 256 | 256 | |||||
RAVAGO HOLDINGS AMERICA INC | 7/13/2023 | 5.100 | 513 | 509 | 509 | |||||
SIGMA GROUP HOLDINGS SARL | 9/7/2021 | 5.487 | 87 | 87 | 87 | |||||
SIGMA GROUP HOLDINGS SARL | 9/7/2021 | 5.487 | 527 | 526 | 526 | |||||
TRINSEO SA | 9/6/2024 | 4.849 | 1,341 | 1,341 | 1,341 | |||||
UNIVAR INC | 7/1/2024 | 4.595 | 750 | 747 | 747 | |||||
TOTAL BASIC INDUSTRY | 10,075 | 10,075 | ||||||||
BROKERAGE | ||||||||||
ALIXPARTNERS LLP | 4/4/2024 | 5.095 | 990 | 996 | 996 | |||||
GREENHILL & CO INC | 10/12/2022 | 6.437 | 144 | 144 | 144 | |||||
TOTAL BROKERAGE | 1,140 | 1,140 | ||||||||
CAPITAL GOODS | ||||||||||
ADVANCED DISPOSAL SERVICES INC | 11/10/2023 | 4.618 | 936 | 935 | 935 | |||||
AI GLOBAL INVESTMENTS & CY SCA | 9/13/2023 | 5.955 | 222 | 221 | 221 | |||||
AI GLOBAL INVESTMENTS & CY SCA | 9/13/2023 | 5.955 | 167 | 166 | 166 | |||||
ALBEA SA | 4/22/2024 | 5.884 | 721 | 720 | 720 | |||||
ALTRA INDUSTRIAL MOTION CORP | 10/1/2025 | 4.345 | 1,250 | 1,247 | 1,247 | |||||
ANCHOR GLASS CONTAINER CORP | 12/7/2023 | 5.188 | 989 | 989 | 989 | |||||
APERGY CORP | 5/9/2025 | 4.875 | 1,618 | 1,623 | 1,623 | |||||
BERRY GLOBAL INC | 2/7/2020 | 4.137 | 418 | 418 | 418 | |||||
CROSBY US ACQUISITION CORPORATION | 11/23/2020 | 5.504 | 957 | 956 | 956 | |||||
CROWN HOLDINGS INC | 4/3/2025 | 4.479 | 771 | 771 | 771 |
F-81
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
DOOSAN INFRACORE CO LTD | 5/18/2024 | 4.382 | 290 | 289 | 289 | |||||
DOUGLAS DYNAMICS INC | 12/31/2021 | 5.350 | 155 | 154 | 154 | |||||
ENERGY CAPITAL PARTNERS II LLC | 5/12/2025 | 6.136 | 648 | 645 | 645 | |||||
EWT HOLDINGS III CORP | 12/20/2024 | 5.345 | 860 | 859 | 859 | |||||
FLEX ACQUISITION COMPANY INC | 12/29/2023 | 5.349 | 123 | 123 | 123 | |||||
GARDNER DENVER HOLDINGS INC | 7/31/2024 | 5.095 | 359 | 359 | 359 | |||||
GATES GLOBAL LLC | 4/1/2024 | 5.095 | 695 | 682 | 682 | |||||
GENERAC HOLDINGS INC | 5/31/2023 | 4.099 | 1,500 | 1,502 | 1,502 | |||||
LONE STAR FUND IX (US) LP | 10/25/2023 | 5.345 | 221 | 221 | 221 | |||||
MULTI-COLOR CORP | 10/31/2024 | 4.345 | 1,000 | 1,000 | 1,000 | |||||
PACKAGING HOLDINGS LTD | 2/5/2023 | 5.095 | 878 | 878 | 878 | |||||
PISCES MIDCO INC | 4/12/2025 | 6.175 | 200 | 199 | 199 | |||||
PLASTIPAK HOLDINGS INC. | 10/14/2024 | 4.850 | 990 | 992 | 992 | |||||
PRINTPACK HOLDINGS INC | 7/26/2023 | 5.375 | 132 | 132 | 132 | |||||
QUIKRETE HOLDINGS INC | 11/15/2023 | 5.095 | 625 | 623 | 623 | |||||
SCR-SIBELCO NV | 6/2/2025 | 6.136 | 299 | 299 | 299 | |||||
TRANSDIGM INC | 6/9/2023 | 4.845 | 856 | 854 | 854 | |||||
UNITED RENTALS INC | 10/31/2025 | 4.095 | 750 | 750 | 750 | |||||
WCA WASTE SYSTEMS INC | 8/11/2023 | 4.845 | 417 | 416 | 416 | |||||
WESCO AIRCRAFT HARDWARE CORPORATION | 2/28/2021 | 4.850 | 1,516 | 1,507 | 1,507 | |||||
WILSONART LLC | 12/19/2023 | 5.640 | 295 | 294 | 294 | |||||
TOTAL CAPITAL GOODS | 20,824 | 20,824 | ||||||||
COMMUNICATIONS | ||||||||||
ALTICE USA INC | 7/1/2025 | 4.675 | 1,000 | 968 | 968 | |||||
CENTURYLINK INC | 1/31/2025 | 5.095 | 1,072 | 1,063 | 1,063 | |||||
CHARTER COMMUNICATIONS INC | 4/1/2025 | 4.350 | 1,442 | 1,444 | 1,444 | |||||
COGECO COMMUNICATIONS (USA) II LP | 1/6/2025 | 4.720 | 1,395 | 1,393 | 1,393 | |||||
ENTRAVISION COMMUNICATIONS CORPORATION | 11/30/2024 | 5.095 | 421 | 419 | 419 | |||||
GOVERNMENT OF CANADA | 11/17/2023 | 4.890 | 995 | 992 | 992 | |||||
GRAY TELEVISION INC | 2/7/2024 | 4.599 | 278 | 278 | 278 | |||||
HUBBARD RADIO LLC | 3/28/2025 | 5.350 | 289 | 287 | 287 | |||||
ION MEDIA NETWORKS INC | 12/18/2020 | 5.100 | 303 | 302 | 302 | |||||
LEVEL 3 COMMUNICATIONS INC | 2/22/2024 | 4.754 | 500 | 499 | 499 | |||||
LIBERTY GLOBAL PLC | 1/16/2026 | 4.955 | 1,000 | 1,002 | 1,002 | |||||
LIONS GATE ENTERTAINMENT CORP | 3/24/2025 | 4.595 | 274 | 274 | 274 | |||||
LIONS GATE ENTERTAINMENT CORP | 3/22/2023 | 4.095 | 1,150 | 1,150 | 1,150 | |||||
MEDIACOM COMMUNICATIONS CORPORATION | 2/15/2024 | 4.120 | 973 | 969 | 969 | |||||
MISSION BROADCASTING INC | 1/17/2024 | 4.756 | 103 | 103 | 103 | |||||
NEXSTAR MEDIA GROUP INC | 1/17/2024 | 4.756 | 597 | 597 | 597 | |||||
NEXT LUXEMBOURG SCSP | 7/17/2025 | 4.705 | 976 | 971 | 971 | |||||
NIELSEN HOLDINGS PLC | 10/2/2023 | 4.387 | 1,050 | 1,049 | 1,049 | |||||
NUMERICABLE GROUP | 7/15/2025 | 5.052 | 985 | 983 | 983 | |||||
SBA COMMUNICATIONS CORP | 4/11/2025 | 4.350 | 1,268 | 1,261 | 1,261 |
F-82
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
SINCLAIR BROADCAST GROUP INC | 1/3/2024 | 4.455 | 960 | 952 | 952 | |||||
SOFTBANK GROUP CORP | 2/2/2024 | 4.875 | 1,315 | 1,313 | 1,313 | |||||
SOUTHWIRE CO | 5/19/2025 | 4.455 | 1,272 | 1,269 | 1,269 | |||||
SWITCH LTD | 6/27/2024 | 4.595 | 198 | 197 | 197 | |||||
TELAPEX INC | 5/24/2024 | 4.595 | 889 | 887 | 887 | |||||
TRIBUNE MEDIA COMPANY | 12/27/2020 | 5.345 | 77 | 77 | 77 | |||||
TRIBUNE MEDIA COMPANY | 1/27/2024 | 5.345 | 959 | 957 | 957 | |||||
UNIVISION COMMUNICATIONS INC | 3/15/2024 | 4.595 | 963 | 958 | 958 | |||||
URBAN ONE INC | 4/18/2023 | 6.350 | 510 | 506 | 506 | |||||
WINDSTREAM HOLDINGS INC | 2/8/2024 | 5.640 | 960 | 955 | 955 | |||||
ZAYO GROUP HOLDINGS INC | 1/19/2024 | 4.595 | 179 | 178 | 178 | |||||
TOTAL COMMUNICATIONS | 24,253 | 24,253 | ||||||||
CONSUMER CYCLICAL | ||||||||||
ACADEMY LTD | 7/1/2022 | 6.349 | 981 | 978 | 978 | |||||
AFFINITY GAMING LLC | 7/1/2023 | 5.595 | 306 | 304 | 304 | |||||
ALLISON TRANSMISSION INC | 8/23/2019 | 4.260 | 543 | 542 | 542 | |||||
ARISTOCRAT LEISURE LTD | 10/19/2024 | 4.219 | 1,623 | 1,621 | 1,621 | |||||
CAESARS ENTERTAINMENT CORP | 12/23/2024 | 5.095 | 347 | 346 | 346 | |||||
CCM MERGER | 8/6/2021 | 4.595 | 235 | 235 | 235 | |||||
CINEWORLD FINANCE US INC | 2/28/2025 | 4.845 | 423 | 422 | 422 | |||||
CITYCENTER HOLDINGS LLC | 4/18/2024 | 4.595 | 1,592 | 1,592 | 1,592 | |||||
DALIAN HEXING INVESTMENT CO LTD | 12/15/2022 | 4.705 | 968 | 967 | 967 | |||||
DTZ INVESTMENT HOLDINGS LP | 8/21/2025 | 5.595 | 425 | 423 | 423 | |||||
ELDORADO RESORTS INC | 4/17/2024 | 4.500 | 660 | 660 | 660 | |||||
FOUR SEASONS HOLDINGS INC | 11/30/2023 | 4.345 | 1,492 | 1,488 | 1,488 | |||||
HARBOR FREIGHT TOOLS USA INC | 8/18/2023 | 4.845 | 999 | 1,001 | 1,001 | |||||
HILTON WORLDWIDE FINANCE LLC | 10/25/2023 | 4.256 | 749 | 747 | 747 | |||||
HUDSONS BAY CO | 9/30/2022 | 5.595 | 45 | 45 | 45 | |||||
LAS VEGAS SANDS CORP | 3/27/2025 | 4.095 | 1,471 | 1,465 | 1,465 | |||||
METRO-GOLDWYN-MAYER INC | 7/7/2025 | 4.850 | 650 | 647 | 647 | |||||
MICHAELS COMPANIES INC | 1/28/2023 | 4.885 | 966 | 965 | 965 | |||||
MOHEGAN TRIBAL GAMING AUTHORITY | 10/13/2023 | 6.345 | 646 | 641 | 641 | |||||
NATIONAL AMUSEMENTS INC | 5/8/2025 | 4.850 | 350 | 350 | 350 | |||||
NEIMAN MARCUS GROUP INC | 10/25/2020 | 5.630 | 967 | 962 | 962 | |||||
PENN NATIONAL GAMING INC | 10/15/2025 | 4.705 | 525 | 523 | 523 | |||||
PVH CORPORATION | 5/19/2021 | 3.955 | 834 | 832 | 832 | |||||
RESTAURANT BRANDS INTERNATIONAL INC | 2/16/2024 | 4.595 | 968 | 967 | 967 | |||||
RYMAN HOSPITALITY PROPERTIES | 5/11/2024 | 4.440 | 222 | 222 | 222 | |||||
SCIENTIFIC GAMES CORP | 8/14/2024 | 5.216 | 918 | 914 | 914 | |||||
SEMINOLE TRIBE OF FLORIDA INC | 7/8/2024 | 4.095 | 198 | 197 | 197 | |||||
SERVICEMASTER GLOBAL HOLDINGS INC | 11/8/2023 | 4.845 | 253 | 253 | 253 | |||||
SERVICEMASTER GLOBAL HOLDINGS INC | 8/18/2025 | 4.875 | 1,000 | 998 | 998 | |||||
THL PC TOPCO LP | 8/19/2022 | 4.850 | 120 | 120 | 120 |
F-83
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
TRANSUNION | 4/9/2023 | 4.345 | 222 | 222 | 222 | |||||
TRANSUNION | 6/30/2025 | 4.345 | 998 | 995 | 995 | |||||
WILLIAM MORRIS ENDEAVOR ENTERTAINMENT LLC | 5/16/2025 | 5.280 | 924 | 920 | 920 | |||||
WYNDHAM WORLDWIDE CORP | 4/27/2025 | 4.095 | 1,000 | 999 | 999 | |||||
WYNN RESORTS LTD | 10/30/2024 | 4.600 | 750 | 748 | 748 | |||||
YONKERS RACING CORP | 5/31/2024 | 5.600 | 427 | 426 | 426 | |||||
YUM! BRANDS INC. | 4/2/2025 | 4.220 | 1,367 | 1,369 | 1,369 | |||||
TOTAL CONSUMER CYCLICAL | 27,106 | 27,106 | ||||||||
CONSUMER NON CYCLICAL | ||||||||||
ALBERTSONS INVESTOR HOLDINGS LLC | 6/22/2023 | 5.691 | 300 | 300 | 300 | |||||
ALBERTSONS INVESTOR HOLDINGS LLC | 11/17/2025 | 5.445 | 670 | 670 | 670 | |||||
ARAMARK | 3/28/2024 | 4.095 | 842 | 842 | 842 | |||||
BAUSCH HEALTH COMPANIES INC | 6/1/2025 | 5.379 | 580 | 577 | 577 | |||||
CATALENT INC | 5/20/2024 | 4.595 | 359 | 357 | 357 | |||||
CHANGE HEALTHCARE HOLDINGS LLC | 3/1/2024 | 5.095 | 965 | 963 | 963 | |||||
DAVITA INC | 6/24/2021 | 5.095 | 1,000 | 1,001 | 1,001 | |||||
ENDO INTERNATIONAL PLC | 4/29/2024 | 6.625 | 272 | 270 | 270 | |||||
GRIFOLS INC | 1/31/2025 | 4.618 | 468 | 467 | 467 | |||||
HCA HEALTHCARE INC | 3/14/2025 | 4.345 | 423 | 423 | 423 | |||||
JAGUAR HOLDING COMPANY | 8/18/2022 | 4.845 | 968 | 965 | 965 | |||||
JBS FOODS INTERNATIONAL DAC | 10/30/2022 | 5.239 | 517 | 517 | 517 | |||||
MALLINCKRODT PLC | 8/21/2023 | 5.136 | 844 | 843 | 843 | |||||
MALLINCKRODT PLC | 2/24/2025 | 5.618 | 398 | 397 | 397 | |||||
QUORUM HEALTH CORPORATION | 4/29/2022 | 9.095 | 140 | 138 | 138 | |||||
RESIDEO TECHNOLOGIES INC | 10/24/2025 | 4.490 | 750 | 748 | 748 | |||||
RPI INTERNATIONAL PARTNERS LP | 3/16/2023 | 4.386 | 961 | 960 | 960 | |||||
STERIGENICS-NORDION HOLDINGS LLC | 5/15/2022 | 4.345 | 594 | 593 | 593 | |||||
TENNESSEE PARENT INC | 2/6/2024 | 5.095 | 936 | 934 | 934 | |||||
US FOODS HOLDING CORPORATION | 6/27/2023 | 4.345 | 1,444 | 1,441 | 1,441 | |||||
TOTAL CONSUMER NON CYCLICAL | 13,406 | 13,406 | ||||||||
ELECTRIC | ||||||||||
AES CORP VA | 5/31/2022 | 4.456 | 1,217 | 1,215 | 1,215 | |||||
ASTORIA PROJECT PARTNERS | 12/24/2021 | 6.350 | 213 | 212 | 212 | |||||
CPV SHORE HOLDINGS LLC | 12/26/2025 | 6.486 | 750 | 743 | 743 | |||||
EASTERN POWER LLC | 10/2/2023 | 6.095 | 1,575 | 1,578 | 1,578 | |||||
EDGEWATER GENERATION LLC | 12/7/2025 | 6.205 | 1,000 | 998 | 998 | |||||
EFS COGEN HOLDINGS I LLC | 6/28/2023 | 5.640 | 971 | 972 | 972 | |||||
HELIX GEN FUNDING LLC | 6/3/2024 | 6.095 | 970 | 968 | 968 | |||||
INVENERGY CLEAN POWER LLC | 8/28/2025 | 5.845 | 1,000 | 997 | 997 | |||||
LMBE-MC HOLDCO II LLC | 11/26/2025 | 6.340 | 750 | 746 | 746 | |||||
NRG ENERGY INC | 6/30/2023 | 4.136 | 978 | 973 | 973 | |||||
VISTRA ENERGY CORP | 12/31/2025 | 4.426 | 1,347 | 1,345 | 1,345 |
F-84
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
VOLT PARENT LP | 1/15/2025 | 4.845 | 1,990 | 1,992 | 1,992 | |||||
WG PARTNERS | 11/15/2023 | 5.886 | 343 | 340 | 340 | |||||
TOTAL ELECTRIC | 13,079 | 13,079 | ||||||||
ENERGY | ||||||||||
CORPORATE CAPITAL TRUST INC | 9/27/2024 | 6.600 | 725 | 722 | 722 | |||||
ENERGY TRANSFER EQUITY LP | 2/2/2024 | 4.345 | 1,000 | 996 | 996 | |||||
EQUITRANS MIDSTREAM CORP | 12/31/2023 | 7.236 | 750 | 728 | 728 | |||||
TOTAL ENERGY | 2,446 | 2,446 | ||||||||
FINANCE COMPANY | ||||||||||
PARK AEROSPACE US LLC | 1/15/2025 | 4.470 | 1,501 | 1,497 | 1,497 | |||||
SOFTBANK GROUP CORP | 12/27/2022 | 4.885 | 1,315 | 1,316 | 1,316 | |||||
TOTAL FINANCE COMPANY | 2,813 | 2,813 | ||||||||
INSURANCE | ||||||||||
ASURION LLC | 11/29/2024 | 5.345 | 424 | 422 | 422 | |||||
LONESTAR INTERMEDIATE SUPER HOLDINGS LLC | 11/3/2023 | 5.345 | 305 | 303 | 303 | |||||
LONESTAR INTERMEDIATE SUPER HOLDINGS LLC | 8/4/2022 | 5.345 | 274 | 274 | 274 | |||||
ONEX CORPORATION | 5/16/2024 | 5.386 | 297 | 296 | 296 | |||||
TOTAL INSURANCE | 1,295 | 1,295 | ||||||||
OTHER FINANCIAL INSTITUTIONS | ||||||||||
VICI PROPERTIES INC | 12/20/2024 | 4.504 | 1,810 | 1,814 | 1,814 | |||||
TOTAL OTHER FINANCIAL INSTITUTIONS | 1,814 | 1,814 | ||||||||
OTHER INDUSTRY | ||||||||||
FILTRATION GROUP CORP | 3/31/2025 | 5.345 | 299 | 298 | 298 | |||||
HAMILTON HOLDCO LLC | 7/2/2025 | 4.400 | 998 | 997 | 997 | |||||
LIGHTSTONE HOLDCO LLC | 1/30/2024 | 6.095 | 1,037 | 1,030 | 1,030 | |||||
LIGHTSTONE HOLDCO LLC | 1/30/2024 | 6.095 | 56 | 55 | 55 | |||||
TOTAL OTHER INDUSTRY | 2,380 | 2,380 | ||||||||
OTHER UTILITY | ||||||||||
LS POWER DEVELOPMENT LLC | 11/9/2020 | 6.386 | 855 | 853 | 853 | |||||
TOTAL OTHER UTILITY | 853 | 853 | ||||||||
REITS | ||||||||||
EXTENDED STAY AMERICA INC | 8/30/2023 | 4.345 | 140 | 140 | 140 | |||||
TOTAL REITS | 140 | 140 | ||||||||
TECHNOLOGY | ||||||||||
AERIAL TOPCO LP | 8/8/2024 | 5.845 | 198 | 195 | 195 | |||||
ARRIS INTERNATIONAL PLC | 4/26/2024 | 4.595 | 985 | 983 | 983 |
F-85
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
CDW CORP | 8/17/2023 | 4.100 | 1,492 | 1,492 | 1,492 | |||||
CELESTICA INC. | 6/27/2025 | 4.631 | 1,097 | 1,092 | 1,092 | |||||
DELL TECHNOLOGIES INC | 9/7/2021 | 4.100 | 366 | 359 | 359 | |||||
DELL TECHNOLOGIES INC | 9/7/2023 | 4.350 | 1,515 | 1,514 | 1,514 | |||||
GO DADDY INC | 2/15/2024 | 4.595 | 1,282 | 1,280 | 1,280 | |||||
HEWLETT PACKARD ENTERPRISE CO | 6/21/2024 | 4.845 | 769 | 767 | 767 | |||||
INFOR SOFTWARE PARENT LLC | 2/1/2022 | 5.136 | 415 | 415 | 415 | |||||
LEIDOS HOLDINGS INC | 8/22/2025 | 4.125 | 427 | 427 | 427 | |||||
MACDONALD DETTWILER AND ASSOCIATES LTD | 10/4/2024 | 5.148 | 990 | 986 | 986 | |||||
MICRO FOCUS INTERNATIONAL PLC | 6/21/2024 | 4.845 | 99 | 99 | 99 | |||||
MICROCHIP TECHNOLOGY INCORPORATED | 6/30/2025 | 4.350 | 678 | 678 | 678 | |||||
NEW MOUNTAIN PARTNERS III LP | 10/12/2023 | 4.479 | 123 | 122 | 122 | |||||
NEW OMAHA HOLDINGS LP | 7/8/2022 | 4.504 | 1,379 | 1,379 | 1,379 | |||||
ON SEMICONDUCTOR CORPORATION | 3/31/2023 | 4.095 | 1,413 | 1,418 | 1,418 | |||||
PERSPECTA INC | 5/31/2025 | 4.595 | 274 | 274 | 274 | |||||
PLANTRONICS INC | 7/2/2025 | 4.845 | 1,224 | 1,212 | 1,212 | |||||
SABRE HOLDINGS CORPORATION | 2/22/2024 | 4.345 | 807 | 806 | 806 | |||||
SCIENCE APPLICATIONS INTERNATIONAL CORP | 10/31/2025 | 4.095 | 1,250 | 1,244 | 1,244 | |||||
SHUTTERFLY INC | 8/17/2024 | 5.100 | 175 | 174 | 174 | |||||
THE CARLYLE GROUP LP | 4/16/2025 | 4.595 | 850 | 848 | 848 | |||||
THE CARLYLE GROUP LP | 4/16/2025 | 4.595 | 324 | 323 | 323 | |||||
TTM TECHNOLOGIES INC | 9/25/2024 | 4.345 | 374 | 372 | 372 | |||||
VERINT SYSTEMS INC | 6/28/2024 | 4.349 | 394 | 394 | 394 | |||||
WESTERN DIGITAL CORPORATION | 4/29/2023 | 4.056 | 1,187 | 1,183 | 1,183 | |||||
WORLDPAY INC | 10/14/2023 | 4.057 | 740 | 741 | 741 | |||||
XPERI CORP | 12/1/2023 | 4.845 | 956 | 916 | 916 | |||||
ZEBRA TECHNOLOGIES CORPORATION | 10/27/2021 | 4.095 | 549 | 548 | 548 | |||||
TOTAL TECHNOLOGY | 22,241 | 22,241 | ||||||||
TRANSPORTATION | ||||||||||
AMERICAN AIRLINES GROUP INC | 12/14/2023 | 4.455 | 990 | 987 | 987 | |||||
AMERICAN AIRLINES GROUP INC | 6/27/2025 | 4.256 | 970 | 968 | 968 | |||||
SEMGROUP CORP | 6/26/2025 | 5.100 | 1,122 | 1,118 | 1,118 | |||||
UNITED CONTINENTAL HOLDINGS INC | 4/1/2024 | 4.095 | 1,586 | 1,585 | 1,585 | |||||
TOTAL TRANSPORTATION | 4,658 | 4,658 | ||||||||
TOTAL SYNDICATED LOANS BEFORE ALLOWANCE FOR LOAN LOSSES | 148,523 | 148,523 | ||||||||
ALLOWANCE FOR LOAN LOSSES | (779 | ) | (779 | ) | ||||||
TOTAL SYNDICATED LOANS - NET | 147,744 | 147,744 | ||||||||
DERIVATIVES | ||||||||||
PURCHASED OPTIONS | ||||||||||
BNP PARIBAS SA | 5/7/2019 | — | 45 | 45 | ||||||
BNP PARIBAS SA | 6/18/2019 | — | 90 | 90 | ||||||
BNP PARIBAS SA | 6/25/2019 | — | 50 | 50 |
F-86
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
BNP PARIBAS SA | 7/2/2019 | — | 45 | 45 | ||||||
BNP PARIBAS SA | 7/23/2019 | — | 39 | 39 | ||||||
BNP PARIBAS SA | 7/30/2019 | — | 40 | 40 | ||||||
BNP PARIBAS SA | 8/20/2019 | — | 38 | 38 | ||||||
BNP PARIBAS SA | 9/10/2019 | — | 44 | 44 | ||||||
BNP PARIBAS SA | 10/1/2019 | — | 85 | 85 | ||||||
BNP PARIBAS SA | 10/22/2019 | — | 43 | 43 | ||||||
BNP PARIBAS SA | 11/5/2019 | — | 44 | 44 | ||||||
BNP PARIBAS SA | 11/19/2019 | — | 39 | 39 | ||||||
BNP PARIBAS SA | 12/10/2019 | — | 34 | 34 | ||||||
BNP PARIBAS SA | 12/24/2019 | — | 35 | 35 | ||||||
BNP PARIBAS SA | 12/31/2019 | — | 36 | 36 | ||||||
BNP PARIBAS SA | 1/15/2019 | — | 24 | 24 | ||||||
BNP PARIBAS SA | 1/14/2020 | — | 35 | 35 | ||||||
BNP PARIBAS SA | 1/22/2019 | — | 24 | 24 | ||||||
BNP PARIBAS SA | 1/21/2020 | — | 69 | 69 | ||||||
BNP PARIBAS SA | 2/12/2019 | — | 40 | 40 | ||||||
BNP PARIBAS SA | 2/11/2020 | — | 62 | 62 | ||||||
BNP PARIBAS SA | 3/19/2019 | — | 21 | 21 | ||||||
BNP PARIBAS SA | 3/17/2020 | — | 63 | 63 | ||||||
BNP PARIBAS SA | 3/26/2019 | — | 41 | 41 | ||||||
BNP PARIBAS SA | 3/24/2020 | — | 61 | 61 | ||||||
BNP PARIBAS SA | 4/2/2019 | — | 21 | 21 | ||||||
BNP PARIBAS SA | 3/31/2020 | — | 31 | 31 | ||||||
BNP PARIBAS SA | 5/21/2019 | — | 20 | 20 | ||||||
BNP PARIBAS SA | 5/19/2020 | — | 87 | 87 | ||||||
BNP PARIBAS SA | 5/28/2019 | — | 19 | 19 | ||||||
BNP PARIBAS SA | 5/26/2020 | — | 28 | 28 | ||||||
BNP PARIBAS SA | 6/4/2019 | — | 18 | 18 | ||||||
BNP PARIBAS SA | 6/2/2020 | — | 28 | 28 | ||||||
BNP PARIBAS SA | 6/18/2019 | — | 36 | 36 | ||||||
BNP PARIBAS SA | 6/16/2020 | — | 27 | 27 | ||||||
BNP PARIBAS SA | 7/2/2019 | — | 19 | 19 | ||||||
BNP PARIBAS SA | 6/30/2020 | — | 28 | 28 | ||||||
BNP PARIBAS SA | 7/7/2020 | — | 28 | 28 | ||||||
BNP PARIBAS SA | 7/16/2019 | — | 18 | 18 | ||||||
BNP PARIBAS SA | 7/14/2020 | — | 26 | 26 | ||||||
BNP PARIBAS SA | 8/6/2019 | — | 18 | 18 | ||||||
BNP PARIBAS SA | 8/4/2020 | — | 52 | 52 | ||||||
BNP PARIBAS SA | 9/17/2019 | — | 17 | 17 | ||||||
BNP PARIBAS SA | 9/15/2020 | — | 25 | 25 | ||||||
BNP PARIBAS SA | 10/1/2019 | — | 16 | 16 | ||||||
BNP PARIBAS SA | 9/29/2020 | — | 24 | 24 | ||||||
BNP PARIBAS SA | 10/22/2019 | — | 15 | 15 |
F-87
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
BNP PARIBAS SA | 10/20/2020 | — | 22 | 22 | ||||||
BNP PARIBAS SA | 10/29/2019 | — | 15 | 15 | ||||||
BNP PARIBAS SA | 10/27/2020 | — | 22 | 22 | ||||||
BNP PARIBAS SA | 11/17/2020 | — | 43 | 43 | ||||||
BNP PARIBAS SA | 11/19/2019 | — | 28 | 28 | ||||||
BNP PARIBAS SA | 11/24/2020 | — | 20 | 20 | ||||||
BNP PARIBAS SA | 12/3/2019 | — | 13 | 13 | ||||||
BNP PARIBAS SA | 12/1/2020 | — | 20 | 20 | ||||||
BNP PARIBAS SA | 12/17/2019 | — | 11 | 11 | ||||||
BNP PARIBAS SA | 12/15/2020 | — | 18 | 18 | ||||||
BNP PARIBAS SA | 1/22/2019 | 2 | — | — | ||||||
BNP PARIBAS SA | 1/21/2020 | — | 6 | 6 | ||||||
BNP PARIBAS SA | 1/19/2021 | 1 | 63 | 63 | ||||||
BNP PARIBAS SA | 2/5/2019 | 2 | 19 | 19 | ||||||
BNP PARIBAS SA | 2/4/2020 | — | 11 | 11 | ||||||
BNP PARIBAS SA | 2/2/2021 | — | 18 | 18 | ||||||
BNP PARIBAS SA | 2/19/2019 | 2 | 26 | 26 | ||||||
BNP PARIBAS SA | 2/18/2020 | — | 11 | 11 | ||||||
BNP PARIBAS SA | 2/16/2021 | — | 35 | 35 | ||||||
BNP PARIBAS SA | 2/26/2019 | 2 | 21 | 21 | ||||||
BNP PARIBAS SA | 2/25/2020 | — | 10 | 10 | ||||||
BNP PARIBAS SA | 2/23/2021 | — | 17 | 17 | ||||||
BNP PARIBAS SA | 3/5/2019 | 3 | 39 | 39 | ||||||
BNP PARIBAS SA | 3/3/2020 | — | 21 | 21 | ||||||
BNP PARIBAS SA | 3/2/2021 | — | 17 | 17 | ||||||
BNP PARIBAS SA | 4/2/2019 | 3 | 159 | 159 | ||||||
BNP PARIBAS SA | 3/31/2020 | — | 16 | 16 | ||||||
BNP PARIBAS SA | 3/30/2021 | — | 23 | 23 | ||||||
BNP PARIBAS SA | 4/16/2019 | 2 | 75 | 75 | ||||||
BNP PARIBAS SA | 4/14/2020 | — | 12 | 12 | ||||||
BNP PARIBAS SA | 4/13/2021 | — | 19 | 19 | ||||||
BNP PARIBAS SA | 4/30/2019 | 2 | 130 | 130 | ||||||
BNP PARIBAS SA | 4/28/2020 | — | 15 | 15 | ||||||
BNP PARIBAS SA | 4/27/2021 | — | 21 | 21 | ||||||
BNP PARIBAS SA | 8/6/2019 | 2 | 60 | 60 | ||||||
BNP PARIBAS SA | 8/4/2020 | — | 19 | 19 | ||||||
BNP PARIBAS SA | 8/3/2021 | — | 15 | 15 | ||||||
BNP PARIBAS SA | 8/13/2019 | 2 | 75 | 75 | ||||||
BNP PARIBAS SA | 8/11/2020 | — | 10 | 10 | ||||||
BNP PARIBAS SA | 8/10/2021 | — | 62 | 62 | ||||||
BNP PARIBAS SA | 10/1/2019 | 2 | 47 | 47 | ||||||
BNP PARIBAS SA | 9/29/2020 | — | 8 | 8 | ||||||
BNP PARIBAS SA | 9/28/2021 | — | 13 | 13 | ||||||
BNP PARIBAS SA | 10/29/2019 | 2 | 216 | 216 |
F-88
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
BNP PARIBAS SA | 10/27/2020 | — | 17 | 17 | ||||||
BNP PARIBAS SA | 10/26/2021 | — | 45 | 45 | ||||||
BNP PARIBAS SA | 11/5/2019 | 2 | 146 | 146 | ||||||
BNP PARIBAS SA | 11/3/2020 | — | 14 | 14 | ||||||
BNP PARIBAS SA | 11/2/2021 | — | 40 | 40 | ||||||
BNP PARIBAS SA | 8/20/2019 | 2 | 62 | 62 | ||||||
BNP PARIBAS SA | 8/18/2020 | — | 9 | 9 | ||||||
BNP PARIBAS SA | 8/17/2021 | — | 15 | 15 | ||||||
WELLS FARGO BANK NA | 12/17/2019 | 2 | 412 | 412 | ||||||
WELLS FARGO BANK NA | 12/14/2021 | — | 89 | 89 | ||||||
WELLS FARGO BANK NA | 1/15/2019 | — | 188 | 188 | ||||||
WELLS FARGO BANK NA | 1/29/2019 | — | 182 | 182 | ||||||
WELLS FARGO BANK NA | 3/26/2019 | — | 232 | 232 | ||||||
WELLS FARGO BANK NA | 4/9/2019 | — | 46 | 46 | ||||||
WELLS FARGO BANK NA | 4/16/2019 | — | 85 | 85 | ||||||
WELLS FARGO BANK NA | 4/23/2019 | — | 44 | 44 | ||||||
WELLS FARGO BANK NA | 4/30/2019 | — | 93 | 93 | ||||||
WELLS FARGO BANK NA | 5/14/2019 | — | 48 | 48 | ||||||
WELLS FARGO BANK NA | 5/21/2019 | — | 46 | 46 | ||||||
WELLS FARGO BANK NA | 6/4/2019 | — | 86 | 86 | ||||||
WELLS FARGO BANK NA | 6/11/2019 | — | 93 | 93 | ||||||
WELLS FARGO BANK NA | 7/9/2019 | — | 40 | 40 | ||||||
WELLS FARGO BANK NA | 8/6/2019 | — | 77 | 77 | ||||||
WELLS FARGO BANK NA | 9/3/2019 | — | 39 | 39 | ||||||
WELLS FARGO BANK NA | 10/8/2019 | — | 43 | 43 | ||||||
WELLS FARGO BANK NA | 10/15/2019 | — | 43 | 43 | ||||||
WELLS FARGO BANK NA | 10/29/2019 | — | 46 | 46 | ||||||
WELLS FARGO BANK NA | 11/12/2019 | — | 41 | 41 | ||||||
WELLS FARGO BANK NA | 12/3/2019 | — | 39 | 39 | ||||||
WELLS FARGO BANK NA | 12/17/2019 | — | 35 | 35 | ||||||
WELLS FARGO BANK NA | 1/8/2019 | — | 24 | 24 | ||||||
WELLS FARGO BANK NA | 1/7/2020 | — | 35 | 35 | ||||||
WELLS FARGO BANK NA | 1/29/2019 | — | 24 | 24 | ||||||
WELLS FARGO BANK NA | 1/28/2020 | — | 70 | 70 | ||||||
WELLS FARGO BANK NA | 2/5/2019 | — | 23 | 23 | ||||||
WELLS FARGO BANK NA | 2/4/2020 | — | 34 | 34 | ||||||
WELLS FARGO BANK NA | 2/19/2019 | — | 18 | 18 | ||||||
WELLS FARGO BANK NA | 2/18/2020 | — | 29 | 29 | ||||||
WELLS FARGO BANK NA | 2/26/2019 | — | 19 | 19 | ||||||
WELLS FARGO BANK NA | 2/25/2020 | — | 89 | 89 | ||||||
WELLS FARGO BANK NA | 3/5/2019 | — | 19 | 19 | ||||||
WELLS FARGO BANK NA | 3/3/2020 | — | 29 | 29 | ||||||
WELLS FARGO BANK NA | 3/10/2020 | — | 30 | 30 | ||||||
WELLS FARGO BANK NA | 3/12/2019 | — | 38 | 38 |
F-89
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO BANK NA | 4/9/2019 | — | 21 | 21 | ||||||
WELLS FARGO BANK NA | 4/7/2020 | — | 62 | 62 | ||||||
WELLS FARGO BANK NA | 4/14/2020 | — | 32 | 32 | ||||||
WELLS FARGO BANK NA | 4/23/2019 | — | 20 | 20 | ||||||
WELLS FARGO BANK NA | 4/21/2020 | — | 29 | 29 | ||||||
WELLS FARGO BANK NA | 4/30/2019 | — | 20 | 20 | ||||||
WELLS FARGO BANK NA | 4/28/2020 | — | 29 | 29 | ||||||
WELLS FARGO BANK NA | 5/7/2019 | — | 20 | 20 | ||||||
WELLS FARGO BANK NA | 5/5/2020 | — | 58 | 58 | ||||||
WELLS FARGO BANK NA | 5/12/2020 | — | 29 | 29 | ||||||
WELLS FARGO BANK NA | 6/11/2019 | — | 18 | 18 | ||||||
WELLS FARGO BANK NA | 6/9/2020 | — | 27 | 27 | ||||||
WELLS FARGO BANK NA | 6/25/2019 | — | 20 | 20 | ||||||
WELLS FARGO BANK NA | 6/23/2020 | — | 28 | 28 | ||||||
WELLS FARGO BANK NA | 7/23/2019 | — | 17 | 17 | ||||||
WELLS FARGO BANK NA | 7/21/2020 | — | 26 | 26 | ||||||
WELLS FARGO BANK NA | 7/30/2019 | — | 35 | 35 | ||||||
WELLS FARGO BANK NA | 7/28/2020 | — | 26 | 26 | ||||||
WELLS FARGO BANK NA | 8/13/2019 | — | 19 | 19 | ||||||
WELLS FARGO BANK NA | 8/11/2020 | — | 27 | 27 | ||||||
WELLS FARGO BANK NA | 8/20/2019 | — | 19 | 19 | ||||||
WELLS FARGO BANK NA | 8/18/2020 | — | 55 | 55 | ||||||
WELLS FARGO BANK NA | 8/27/2019 | — | 20 | 20 | ||||||
WELLS FARGO BANK NA | 8/25/2020 | — | 28 | 28 | ||||||
WELLS FARGO BANK NA | 9/3/2019 | — | 20 | 20 | ||||||
WELLS FARGO BANK NA | 9/10/2019 | — | 35 | 35 | ||||||
WELLS FARGO BANK NA | 9/8/2020 | — | 25 | 25 | ||||||
WELLS FARGO BANK NA | 9/24/2019 | — | 18 | 18 | ||||||
WELLS FARGO BANK NA | 9/22/2020 | — | 26 | 26 | ||||||
WELLS FARGO BANK NA | 10/8/2019 | — | 15 | 15 | ||||||
WELLS FARGO BANK NA | 10/6/2020 | — | 23 | 23 | ||||||
WELLS FARGO BANK NA | 10/15/2019 | — | 15 | 15 | ||||||
WELLS FARGO BANK NA | 10/13/2020 | — | 23 | 23 | ||||||
WELLS FARGO BANK NA | 11/5/2019 | — | 14 | 14 | ||||||
WELLS FARGO BANK NA | 11/12/2019 | — | 59 | 59 | ||||||
WELLS FARGO BANK NA | 11/10/2020 | — | 44 | 44 | ||||||
WELLS FARGO BANK NA | 12/10/2019 | — | 11 | 11 | ||||||
WELLS FARGO BANK NA | 12/8/2020 | — | 19 | 19 | ||||||
WELLS FARGO BANK NA | 12/24/2019 | — | 11 | 11 | ||||||
WELLS FARGO BANK NA | 1/2/2019 | 2 | — | — | ||||||
WELLS FARGO BANK NA | 12/31/2019 | — | 10 | 10 | ||||||
WELLS FARGO BANK NA | 12/29/2020 | — | 18 | 18 | ||||||
WELLS FARGO BANK NA | 1/8/2019 | 2 | — | — | ||||||
WELLS FARGO BANK NA | 1/7/2020 | — | 9 | 9 |
F-90
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO BANK NA | 1/5/2021 | — | 16 | 16 | ||||||
WELLS FARGO BANK NA | 1/15/2019 | 2 | — | — | ||||||
WELLS FARGO BANK NA | 1/14/2020 | — | 8 | 8 | ||||||
WELLS FARGO BANK NA | 1/12/2021 | — | 15 | 15 | ||||||
WELLS FARGO BANK NA | 1/29/2019 | 2 | — | — | ||||||
WELLS FARGO BANK NA | 1/28/2020 | — | 14 | 14 | ||||||
WELLS FARGO BANK NA | 1/26/2021 | — | 13 | 13 | ||||||
WELLS FARGO BANK NA | 2/12/2019 | 2 | 38 | 38 | ||||||
WELLS FARGO BANK NA | 2/11/2020 | — | 13 | 13 | ||||||
WELLS FARGO BANK NA | 2/9/2021 | — | 20 | 20 | ||||||
WELLS FARGO BANK NA | 3/12/2019 | 2 | 24 | 24 | ||||||
WELLS FARGO BANK NA | 3/10/2020 | — | 19 | 19 | ||||||
WELLS FARGO BANK NA | 3/9/2021 | — | 32 | 32 | ||||||
WELLS FARGO BANK NA | 3/19/2019 | 3 | 53 | 53 | ||||||
WELLS FARGO BANK NA | 3/17/2020 | — | 11 | 11 | ||||||
WELLS FARGO BANK NA | 3/16/2021 | — | 18 | 18 | ||||||
WELLS FARGO BANK NA | 3/26/2019 | 3 | 145 | 145 | ||||||
WELLS FARGO BANK NA | 3/24/2020 | — | 16 | 16 | ||||||
WELLS FARGO BANK NA | 4/9/2019 | 3 | 116 | 116 | ||||||
WELLS FARGO BANK NA | 4/7/2020 | — | 43 | 43 | ||||||
WELLS FARGO BANK NA | 4/6/2021 | — | 21 | 21 | ||||||
WELLS FARGO BANK NA | 4/23/2019 | 3 | 152 | 152 | ||||||
WELLS FARGO BANK NA | 4/21/2020 | — | 16 | 16 | ||||||
WELLS FARGO BANK NA | 4/20/2021 | — | 22 | 22 | ||||||
WELLS FARGO BANK NA | 5/7/2019 | 3 | 133 | 133 | ||||||
WELLS FARGO BANK NA | 5/5/2020 | — | 14 | 14 | ||||||
WELLS FARGO BANK NA | 5/4/2021 | — | 21 | 21 | ||||||
WELLS FARGO BANK NA | 5/14/2019 | 2 | 103 | 103 | ||||||
WELLS FARGO BANK NA | 5/12/2020 | — | 26 | 26 | ||||||
WELLS FARGO BANK NA | 5/11/2021 | — | 19 | 19 | ||||||
WELLS FARGO BANK NA | 5/21/2019 | 2 | 93 | 93 | ||||||
WELLS FARGO BANK NA | 5/19/2020 | — | 12 | 12 | ||||||
WELLS FARGO BANK NA | 5/28/2019 | 2 | 121 | 121 | ||||||
WELLS FARGO BANK NA | 5/26/2020 | — | 28 | 28 | ||||||
WELLS FARGO BANK NA | 5/25/2021 | — | 20 | 20 | ||||||
WELLS FARGO BANK NA | 6/4/2019 | 2 | 91 | 91 | ||||||
WELLS FARGO BANK NA | 6/1/2021 | — | 18 | 18 | ||||||
WELLS FARGO BANK NA | 6/11/2019 | 3 | 83 | 83 | ||||||
WELLS FARGO BANK NA | 6/9/2020 | — | 21 | 21 | ||||||
WELLS FARGO BANK NA | 6/8/2021 | — | 17 | 17 | ||||||
WELLS FARGO BANK NA | 6/18/2019 | 2 | 88 | 88 | ||||||
WELLS FARGO BANK NA | 6/16/2020 | — | 11 | 11 | ||||||
WELLS FARGO BANK NA | 6/15/2021 | — | 17 | 17 | ||||||
WELLS FARGO BANK NA | 6/25/2019 | 3 | 134 | 134 |
F-91
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO BANK NA | 6/23/2020 | — | 13 | 13 | ||||||
WELLS FARGO BANK NA | 6/22/2021 | — | 19 | 19 | ||||||
WELLS FARGO BANK NA | 7/2/2019 | 2 | 142 | 142 | ||||||
WELLS FARGO BANK NA | 6/30/2020 | — | 14 | 14 | ||||||
WELLS FARGO BANK NA | 6/29/2021 | — | 40 | 40 | ||||||
WELLS FARGO BANK NA | 7/9/2019 | 2 | 86 | 86 | ||||||
WELLS FARGO BANK NA | 7/7/2020 | — | 11 | 11 | ||||||
WELLS FARGO BANK NA | 7/6/2021 | — | 17 | 17 | ||||||
WELLS FARGO BANK NA | 7/16/2019 | 2 | 81 | 81 | ||||||
WELLS FARGO BANK NA | 7/14/2020 | — | 10 | 10 | ||||||
WELLS FARGO BANK NA | 7/13/2021 | — | 32 | 32 | ||||||
WELLS FARGO BANK NA | 7/23/2019 | 2 | 79 | 79 | ||||||
WELLS FARGO BANK NA | 7/21/2020 | — | 20 | 20 | ||||||
WELLS FARGO BANK NA | 7/20/2021 | — | 16 | 16 | ||||||
WELLS FARGO BANK NA | 7/30/2019 | 3 | 92 | 92 | ||||||
WELLS FARGO BANK NA | 7/28/2020 | — | 10 | 10 | ||||||
WELLS FARGO BANK NA | 7/27/2021 | — | 16 | 16 | ||||||
WELLS FARGO BANK NA | 8/27/2019 | 2 | 48 | 48 | ||||||
WELLS FARGO BANK NA | 8/24/2021 | — | 14 | 14 | ||||||
WELLS FARGO BANK NA | 9/3/2019 | 2 | 58 | 58 | ||||||
WELLS FARGO BANK NA | 9/1/2020 | — | 9 | 9 | ||||||
WELLS FARGO BANK NA | 8/31/2021 | — | 14 | 14 | ||||||
WELLS FARGO BANK NA | 9/10/2019 | 2 | 64 | 64 | ||||||
WELLS FARGO BANK NA | 9/8/2020 | — | 9 | 9 | ||||||
WELLS FARGO BANK NA | 9/7/2021 | — | 43 | 43 | ||||||
WELLS FARGO BANK NA | 9/17/2019 | 2 | 50 | 50 | ||||||
WELLS FARGO BANK NA | 9/15/2020 | — | 17 | 17 | ||||||
WELLS FARGO BANK NA | 9/14/2021 | — | 41 | 41 | ||||||
WELLS FARGO BANK NA | 9/24/2019 | 2 | 45 | 45 | ||||||
WELLS FARGO BANK NA | 9/22/2020 | — | 8 | 8 | ||||||
WELLS FARGO BANK NA | 9/21/2021 | — | 27 | 27 | ||||||
WELLS FARGO BANK NA | 10/8/2019 | 2 | 76 | 76 | ||||||
WELLS FARGO BANK NA | 10/6/2020 | — | 10 | 10 | ||||||
WELLS FARGO BANK NA | 10/5/2021 | — | 30 | 30 | ||||||
WELLS FARGO BANK NA | 10/15/2019 | 3 | 129 | 129 | ||||||
WELLS FARGO BANK NA | 10/13/2020 | — | 24 | 24 | ||||||
WELLS FARGO BANK NA | 10/12/2021 | — | 35 | 35 | ||||||
WELLS FARGO BANK NA | 10/22/2019 | 2 | 157 | 157 | ||||||
WELLS FARGO BANK NA | 10/20/2020 | — | 29 | 29 | ||||||
WELLS FARGO BANK NA | 10/19/2021 | — | 40 | 40 | ||||||
WELLS FARGO BANK NA | 11/12/2019 | 2 | 199 | 199 | ||||||
WELLS FARGO BANK NA | 11/10/2020 | — | 16 | 16 | ||||||
WELLS FARGO BANK NA | 11/9/2021 | — | 43 | 43 | ||||||
WELLS FARGO BANK NA | 11/19/2019 | 2 | 272 | 272 |
F-92
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO BANK NA | 11/17/2020 | — | 39 | 39 | ||||||
WELLS FARGO BANK NA | 11/16/2021 | — | 50 | 50 | ||||||
WELLS FARGO BANK NA | 11/26/2019 | 2 | 196 | 196 | ||||||
WELLS FARGO BANK NA | 11/23/2021 | — | 23 | 23 | ||||||
WELLS FARGO BANK NA | 12/3/2019 | 2 | 196 | 196 | ||||||
WELLS FARGO BANK NA | 12/1/2020 | — | 17 | 17 | ||||||
WELLS FARGO BANK NA | 11/30/2021 | — | 22 | 22 | ||||||
WELLS FARGO BANK NA | 12/10/2019 | 3 | 315 | 315 | ||||||
WELLS FARGO BANK NA | 12/8/2020 | — | 20 | 20 | ||||||
WELLS FARGO BANK NA | 12/7/2021 | — | 51 | 51 | ||||||
WELLS FARGO BANK NA | 12/15/2020 | — | 49 | 49 | ||||||
WELLS FARGO BANK NA | 12/24/2019 | 2 | 641 | 641 | ||||||
WELLS FARGO BANK NA | 12/22/2020 | — | 71 | 71 | ||||||
WELLS FARGO BANK NA | 12/21/2021 | — | 158 | 158 | ||||||
TOTAL PURCHASED OPTIONS | 13,173 | 13,173 | ||||||||
WRITTEN OPTIONS | ||||||||||
BNP PARIBAS SA | 5/7/2019 | — | (30 | ) | (30 | ) | ||||
BNP PARIBAS SA | 6/18/2019 | — | (67 | ) | (67 | ) | ||||
BNP PARIBAS SA | 6/25/2019 | — | (39 | ) | (39 | ) | ||||
BNP PARIBAS SA | 7/2/2019 | — | (34 | ) | (34 | ) | ||||
BNP PARIBAS SA | 7/23/2019 | — | (28 | ) | (28 | ) | ||||
BNP PARIBAS SA | 7/30/2019 | — | (29 | ) | (29 | ) | ||||
BNP PARIBAS SA | 8/20/2019 | — | (28 | ) | (28 | ) | ||||
BNP PARIBAS SA | 9/10/2019 | — | (33 | ) | (33 | ) | ||||
BNP PARIBAS SA | 10/1/2019 | — | (63 | ) | (63 | ) | ||||
BNP PARIBAS SA | 10/22/2019 | — | (33 | ) | (33 | ) | ||||
BNP PARIBAS SA | 11/5/2019 | — | (33 | ) | (33 | ) | ||||
BNP PARIBAS SA | 11/19/2019 | — | (29 | ) | (29 | ) | ||||
BNP PARIBAS SA | 12/10/2019 | — | (24 | ) | (24 | ) | ||||
BNP PARIBAS SA | 12/24/2019 | — | (25 | ) | (25 | ) | ||||
BNP PARIBAS SA | 12/31/2019 | — | (26 | ) | (26 | ) | ||||
BNP PARIBAS SA | 1/15/2019 | — | (18 | ) | (18 | ) | ||||
BNP PARIBAS SA | 1/14/2020 | — | (25 | ) | (25 | ) | ||||
BNP PARIBAS SA | 1/21/2020 | — | (45 | ) | (45 | ) | ||||
BNP PARIBAS SA | 1/22/2019 | — | (16 | ) | (16 | ) | ||||
BNP PARIBAS SA | 2/12/2019 | — | (25 | ) | (25 | ) | ||||
BNP PARIBAS SA | 2/11/2020 | — | (39 | ) | (39 | ) | ||||
BNP PARIBAS SA | 3/19/2019 | — | (14 | ) | (14 | ) | ||||
BNP PARIBAS SA | 3/17/2020 | — | (40 | ) | (40 | ) | ||||
BNP PARIBAS SA | 3/26/2019 | — | (27 | ) | (27 | ) | ||||
BNP PARIBAS SA | 3/24/2020 | — | (38 | ) | (38 | ) | ||||
BNP PARIBAS SA | 4/2/2019 | — | (14 | ) | (14 | ) | ||||
BNP PARIBAS SA | 3/31/2020 | — | (19 | ) | (19 | ) |
F-93
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
BNP PARIBAS SA | 5/19/2020 | — | (55 | ) | (55 | ) | ||||
BNP PARIBAS SA | 5/21/2019 | — | (14 | ) | (14 | ) | ||||
BNP PARIBAS SA | 5/28/2019 | — | (13 | ) | (13 | ) | ||||
BNP PARIBAS SA | 5/26/2020 | — | (18 | ) | (18 | ) | ||||
BNP PARIBAS SA | 6/4/2019 | — | (12 | ) | (12 | ) | ||||
BNP PARIBAS SA | 6/2/2020 | — | (17 | ) | (17 | ) | ||||
BNP PARIBAS SA | 6/18/2019 | — | (25 | ) | (25 | ) | ||||
BNP PARIBAS SA | 6/16/2020 | — | (17 | ) | (17 | ) | ||||
BNP PARIBAS SA | 7/2/2019 | — | (13 | ) | (13 | ) | ||||
BNP PARIBAS SA | 6/30/2020 | — | (17 | ) | (17 | ) | ||||
BNP PARIBAS SA | 7/7/2020 | — | (18 | ) | (18 | ) | ||||
BNP PARIBAS SA | 7/16/2019 | — | (12 | ) | (12 | ) | ||||
BNP PARIBAS SA | 7/14/2020 | — | (16 | ) | (16 | ) | ||||
BNP PARIBAS SA | 8/6/2019 | — | (12 | ) | (12 | ) | ||||
BNP PARIBAS SA | 8/4/2020 | — | (32 | ) | (32 | ) | ||||
BNP PARIBAS SA | 9/17/2019 | — | (12 | ) | (12 | ) | ||||
BNP PARIBAS SA | 9/15/2020 | — | (15 | ) | (15 | ) | ||||
BNP PARIBAS SA | 10/1/2019 | — | (11 | ) | (11 | ) | ||||
BNP PARIBAS SA | 9/29/2020 | — | (14 | ) | (14 | ) | ||||
BNP PARIBAS SA | 10/22/2019 | — | (10 | ) | (10 | ) | ||||
BNP PARIBAS SA | 10/20/2020 | — | (13 | ) | (13 | ) | ||||
BNP PARIBAS SA | 10/29/2019 | — | (10 | ) | (10 | ) | ||||
BNP PARIBAS SA | 10/27/2020 | — | (13 | ) | (13 | ) | ||||
BNP PARIBAS SA | 11/17/2020 | — | (25 | ) | (25 | ) | ||||
BNP PARIBAS SA | 11/19/2019 | — | (19 | ) | (19 | ) | ||||
BNP PARIBAS SA | 11/24/2020 | — | (12 | ) | (12 | ) | ||||
BNP PARIBAS SA | 12/3/2019 | — | (8 | ) | (8 | ) | ||||
BNP PARIBAS SA | 12/1/2020 | — | (12 | ) | (12 | ) | ||||
BNP PARIBAS SA | 12/17/2019 | — | (7 | ) | (7 | ) | ||||
BNP PARIBAS SA | 12/15/2020 | — | (10 | ) | (10 | ) | ||||
BNP PARIBAS SA | 1/22/2019 | (2 | ) | — | — | |||||
BNP PARIBAS SA | 1/21/2020 | — | (4 | ) | (4 | ) | ||||
BNP PARIBAS SA | 1/19/2021 | (1 | ) | (30 | ) | (30 | ) | |||
BNP PARIBAS SA | 2/5/2019 | (2 | ) | (8 | ) | (8 | ) | |||
BNP PARIBAS SA | 2/5/2019 | — | — | — | ||||||
BNP PARIBAS SA | 2/4/2020 | — | (7 | ) | (7 | ) | ||||
BNP PARIBAS SA | 2/2/2021 | — | (10 | ) | (10 | ) | ||||
BNP PARIBAS SA | 2/19/2019 | (2 | ) | (12 | ) | (12 | ) | |||
BNP PARIBAS SA | 2/19/2019 | — | — | — | ||||||
BNP PARIBAS SA | 2/18/2020 | — | (7 | ) | (7 | ) | ||||
BNP PARIBAS SA | 2/16/2021 | — | (19 | ) | (19 | ) | ||||
BNP PARIBAS SA | 2/26/2019 | (2 | ) | (10 | ) | (10 | ) | |||
BNP PARIBAS SA | 2/25/2020 | — | (6 | ) | (6 | ) | ||||
BNP PARIBAS SA | 2/23/2021 | — | (9 | ) | (9 | ) |
F-94
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
BNP PARIBAS SA | 3/5/2019 | (3 | ) | (18 | ) | (18 | ) | |||
BNP PARIBAS SA | 3/5/2019 | — | — | — | ||||||
BNP PARIBAS SA | 3/3/2020 | — | (13 | ) | (13 | ) | ||||
BNP PARIBAS SA | 3/2/2021 | — | (8 | ) | (8 | ) | ||||
BNP PARIBAS SA | 4/2/2019 | (3 | ) | (105 | ) | (105 | ) | |||
BNP PARIBAS SA | 4/2/2019 | — | (1 | ) | (1 | ) | ||||
BNP PARIBAS SA | 3/31/2020 | — | (10 | ) | (10 | ) | ||||
BNP PARIBAS SA | 3/30/2021 | — | (12 | ) | (12 | ) | ||||
BNP PARIBAS SA | 4/16/2019 | (2 | ) | (45 | ) | (45 | ) | |||
BNP PARIBAS SA | 4/16/2019 | — | — | — | ||||||
BNP PARIBAS SA | 4/14/2020 | — | (8 | ) | (8 | ) | ||||
BNP PARIBAS SA | 4/13/2021 | — | (10 | ) | (10 | ) | ||||
BNP PARIBAS SA | 4/30/2019 | (2 | ) | (73 | ) | (73 | ) | |||
BNP PARIBAS SA | 4/30/2019 | — | (1 | ) | (1 | ) | ||||
BNP PARIBAS SA | 4/28/2020 | — | (8 | ) | (8 | ) | ||||
BNP PARIBAS SA | 4/27/2021 | — | (10 | ) | (10 | ) | ||||
BNP PARIBAS SA | 8/6/2019 | (2 | ) | (30 | ) | (30 | ) | |||
BNP PARIBAS SA | 8/4/2020 | — | (9 | ) | (9 | ) | ||||
BNP PARIBAS SA | 8/3/2021 | — | (5 | ) | (5 | ) | ||||
BNP PARIBAS SA | 8/13/2019 | (2 | ) | (37 | ) | (37 | ) | |||
BNP PARIBAS SA | 8/13/2019 | — | — | — | ||||||
BNP PARIBAS SA | 8/11/2020 | — | (5 | ) | (5 | ) | ||||
BNP PARIBAS SA | 8/10/2021 | — | (23 | ) | (23 | ) | ||||
BNP PARIBAS SA | 8/20/2019 | — | — | — | ||||||
BNP PARIBAS SA | 10/1/2019 | (2 | ) | (24 | ) | (24 | ) | |||
BNP PARIBAS SA | 9/29/2020 | — | (4 | ) | (4 | ) | ||||
BNP PARIBAS SA | 9/28/2021 | — | (5 | ) | (5 | ) | ||||
BNP PARIBAS SA | 10/29/2019 | (2 | ) | (145 | ) | (145 | ) | |||
BNP PARIBAS SA | 10/29/2019 | — | (3 | ) | (3 | ) | ||||
BNP PARIBAS SA | 10/27/2020 | — | (10 | ) | (10 | ) | ||||
BNP PARIBAS SA | 10/26/2021 | — | (21 | ) | (21 | ) | ||||
BNP PARIBAS SA | 11/5/2019 | (2 | ) | (91 | ) | (91 | ) | |||
BNP PARIBAS SA | 11/5/2019 | — | (1 | ) | (1 | ) | ||||
BNP PARIBAS SA | 11/2/2021 | — | (17 | ) | (17 | ) | ||||
BNP PARIBAS SA | 11/3/2020 | — | (8 | ) | (8 | ) | ||||
BNP PARIBAS SA | 8/20/2019 | (2 | ) | (30 | ) | (30 | ) | |||
BNP PARIBAS SA | 8/18/2020 | — | (5 | ) | (5 | ) | ||||
BNP PARIBAS SA | 8/17/2021 | — | (5 | ) | (5 | ) | ||||
WELLS FARGO BANK NA | 12/17/2019 | (2 | ) | (296 | ) | (296 | ) | |||
WELLS FARGO BANK NA | 12/17/2019 | — | (6 | ) | (6 | ) | ||||
WELLS FARGO BANK NA | 12/15/2020 | — | (30 | ) | (30 | ) | ||||
WELLS FARGO BANK NA | 12/14/2021 | — | (43 | ) | (43 | ) | ||||
WELLS FARGO BANK NA | 1/15/2019 | — | (140 | ) | (140 | ) | ||||
WELLS FARGO BANK NA | 1/29/2019 | — | (134 | ) | (134 | ) |
F-95
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO BANK NA | 3/26/2019 | — | (154 | ) | (154 | ) | ||||
WELLS FARGO BANK NA | 4/9/2019 | — | (31 | ) | (31 | ) | ||||
WELLS FARGO BANK NA | 4/16/2019 | — | (55 | ) | (55 | ) | ||||
WELLS FARGO BANK NA | 4/23/2019 | — | (29 | ) | (29 | ) | ||||
WELLS FARGO BANK NA | 4/30/2019 | — | (63 | ) | (63 | ) | ||||
WELLS FARGO BANK NA | 5/14/2019 | — | (33 | ) | (33 | ) | ||||
WELLS FARGO BANK NA | 5/21/2019 | — | (31 | ) | (31 | ) | ||||
WELLS FARGO BANK NA | 6/4/2019 | — | (56 | ) | (56 | ) | ||||
WELLS FARGO BANK NA | 6/11/2019 | — | (63 | ) | (63 | ) | ||||
WELLS FARGO BANK NA | 7/9/2019 | — | (29 | ) | (29 | ) | ||||
WELLS FARGO BANK NA | 8/6/2019 | — | (56 | ) | (56 | ) | ||||
WELLS FARGO BANK NA | 9/3/2019 | — | (28 | ) | (28 | ) | ||||
WELLS FARGO BANK NA | 10/8/2019 | — | (33 | ) | (33 | ) | ||||
WELLS FARGO BANK NA | 10/15/2019 | — | (33 | ) | (33 | ) | ||||
WELLS FARGO BANK NA | 10/29/2019 | — | (35 | ) | (35 | ) | ||||
WELLS FARGO BANK NA | 11/12/2019 | — | (30 | ) | (30 | ) | ||||
WELLS FARGO BANK NA | 12/3/2019 | — | (28 | ) | (28 | ) | ||||
WELLS FARGO BANK NA | 12/17/2019 | — | (25 | ) | (25 | ) | ||||
WELLS FARGO BANK NA | 1/8/2019 | — | (17 | ) | (17 | ) | ||||
WELLS FARGO BANK NA | 1/7/2020 | — | (25 | ) | (25 | ) | ||||
WELLS FARGO BANK NA | 1/29/2019 | — | (16 | ) | (16 | ) | ||||
WELLS FARGO BANK NA | 1/28/2020 | — | (45 | ) | (45 | ) | ||||
WELLS FARGO BANK NA | 2/4/2020 | — | (22 | ) | (22 | ) | ||||
WELLS FARGO BANK NA | 2/5/2019 | — | (16 | ) | (16 | ) | ||||
WELLS FARGO BANK NA | 2/19/2019 | — | (11 | ) | (11 | ) | ||||
WELLS FARGO BANK NA | 2/18/2020 | — | (18 | ) | (18 | ) | ||||
WELLS FARGO BANK NA | 2/26/2019 | — | (12 | ) | (12 | ) | ||||
WELLS FARGO BANK NA | 2/25/2020 | — | (55 | ) | (55 | ) | ||||
WELLS FARGO BANK NA | 3/5/2019 | — | (12 | ) | (12 | ) | ||||
WELLS FARGO BANK NA | 3/3/2020 | — | (18 | ) | (18 | ) | ||||
WELLS FARGO BANK NA | 3/10/2020 | — | (18 | ) | (18 | ) | ||||
WELLS FARGO BANK NA | 3/12/2019 | — | (25 | ) | (25 | ) | ||||
WELLS FARGO BANK NA | 4/9/2019 | — | (15 | ) | (15 | ) | ||||
WELLS FARGO BANK NA | 4/7/2020 | — | (39 | ) | (39 | ) | ||||
WELLS FARGO BANK NA | 4/14/2020 | — | (21 | ) | (21 | ) | ||||
WELLS FARGO BANK NA | 4/23/2019 | — | (13 | ) | (13 | ) | ||||
WELLS FARGO BANK NA | 4/21/2020 | — | (18 | ) | (18 | ) | ||||
WELLS FARGO BANK NA | 4/30/2019 | — | (13 | ) | (13 | ) | ||||
WELLS FARGO BANK NA | 4/28/2020 | — | (18 | ) | (18 | ) | ||||
WELLS FARGO BANK NA | 5/7/2019 | — | (13 | ) | (13 | ) | ||||
WELLS FARGO BANK NA | 5/5/2020 | — | (36 | ) | (36 | ) | ||||
WELLS FARGO BANK NA | 5/12/2020 | — | (18 | ) | (18 | ) | ||||
WELLS FARGO BANK NA | 6/11/2019 | — | (12 | ) | (12 | ) | ||||
WELLS FARGO BANK NA | 6/9/2020 | — | (16 | ) | (16 | ) |
F-96
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO BANK NA | 6/25/2019 | — | (14 | ) | (14 | ) | ||||
WELLS FARGO BANK NA | 6/23/2020 | — | (18 | ) | (18 | ) | ||||
WELLS FARGO BANK NA | 7/23/2019 | — | (12 | ) | (12 | ) | ||||
WELLS FARGO BANK NA | 7/21/2020 | — | (15 | ) | (15 | ) | ||||
WELLS FARGO BANK NA | 7/30/2019 | — | (24 | ) | (24 | ) | ||||
WELLS FARGO BANK NA | 7/28/2020 | — | (16 | ) | (16 | ) | ||||
WELLS FARGO BANK NA | 8/13/2019 | — | (13 | ) | (13 | ) | ||||
WELLS FARGO BANK NA | 8/11/2020 | — | (16 | ) | (16 | ) | ||||
WELLS FARGO BANK NA | 8/20/2019 | — | (14 | ) | (14 | ) | ||||
WELLS FARGO BANK NA | 8/18/2020 | — | (34 | ) | (34 | ) | ||||
WELLS FARGO BANK NA | 8/27/2019 | — | (14 | ) | (14 | ) | ||||
WELLS FARGO BANK NA | 8/25/2020 | — | (18 | ) | (18 | ) | ||||
WELLS FARGO BANK NA | 9/3/2019 | — | (14 | ) | (14 | ) | ||||
WELLS FARGO BANK NA | 9/10/2019 | — | (24 | ) | (24 | ) | ||||
WELLS FARGO BANK NA | 9/8/2020 | — | (16 | ) | (16 | ) | ||||
WELLS FARGO BANK NA | 9/24/2019 | — | (12 | ) | (12 | ) | ||||
WELLS FARGO BANK NA | 9/22/2020 | — | (16 | ) | (16 | ) | ||||
WELLS FARGO BANK NA | 10/8/2019 | — | (10 | ) | (10 | ) | ||||
WELLS FARGO BANK NA | 10/6/2020 | — | (14 | ) | (14 | ) | ||||
WELLS FARGO BANK NA | 10/15/2019 | — | (10 | ) | (10 | ) | ||||
WELLS FARGO BANK NA | 10/13/2020 | — | (13 | ) | (13 | ) | ||||
WELLS FARGO BANK NA | 11/5/2019 | — | (9 | ) | (9 | ) | ||||
WELLS FARGO BANK NA | 11/12/2019 | — | (40 | ) | (40 | ) | ||||
WELLS FARGO BANK NA | 11/10/2020 | — | (26 | ) | (26 | ) | ||||
WELLS FARGO BANK NA | 12/10/2019 | — | (7 | ) | (7 | ) | ||||
WELLS FARGO BANK NA | 12/8/2020 | — | (11 | ) | (11 | ) | ||||
WELLS FARGO BANK NA | 12/24/2019 | — | (7 | ) | (7 | ) | ||||
WELLS FARGO BANK NA | 1/2/2019 | (2 | ) | — | — | |||||
WELLS FARGO BANK NA | 12/31/2019 | — | (7 | ) | (7 | ) | ||||
WELLS FARGO BANK NA | 12/29/2020 | — | (10 | ) | (10 | ) | ||||
WELLS FARGO BANK NA | 1/8/2019 | (2 | ) | — | — | |||||
WELLS FARGO BANK NA | 1/8/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 1/7/2020 | — | (5 | ) | (5 | ) | ||||
WELLS FARGO BANK NA | 1/5/2021 | — | (8 | ) | (8 | ) | ||||
WELLS FARGO BANK NA | 1/15/2019 | (2 | ) | — | — | |||||
WELLS FARGO BANK NA | 1/15/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 1/14/2020 | — | (5 | ) | (5 | ) | ||||
WELLS FARGO BANK NA | 1/12/2021 | — | (7 | ) | (7 | ) | ||||
WELLS FARGO BANK NA | 1/29/2019 | (2 | ) | — | — | |||||
WELLS FARGO BANK NA | 1/29/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 1/28/2020 | — | (8 | ) | (8 | ) | ||||
WELLS FARGO BANK NA | 1/26/2021 | — | (7 | ) | (7 | ) | ||||
WELLS FARGO BANK NA | 2/12/2019 | (2 | ) | (19 | ) | (19 | ) | |||
WELLS FARGO BANK NA | 2/12/2019 | — | — | — |
F-97
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO BANK NA | 2/11/2020 | — | (8 | ) | (8 | ) | ||||
WELLS FARGO BANK NA | 2/9/2021 | — | (11 | ) | (11 | ) | ||||
WELLS FARGO BANK NA | 3/12/2019 | (2 | ) | (11 | ) | (11 | ) | |||
WELLS FARGO BANK NA | 3/12/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 3/10/2020 | — | (11 | ) | (11 | ) | ||||
WELLS FARGO BANK NA | 3/9/2021 | — | (15 | ) | (15 | ) | ||||
WELLS FARGO BANK NA | 3/19/2019 | (2 | ) | (28 | ) | (28 | ) | |||
WELLS FARGO BANK NA | 3/19/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 3/17/2020 | — | (7 | ) | (7 | ) | ||||
WELLS FARGO BANK NA | 3/16/2021 | — | (9 | ) | (9 | ) | ||||
WELLS FARGO BANK NA | 3/26/2019 | (3 | ) | (94 | ) | (94 | ) | |||
WELLS FARGO BANK NA | 3/26/2019 | — | (1 | ) | (1 | ) | ||||
WELLS FARGO BANK NA | 3/24/2020 | — | (10 | ) | (10 | ) | ||||
WELLS FARGO BANK NA | 4/9/2019 | (2 | ) | (73 | ) | (73 | ) | |||
WELLS FARGO BANK NA | 4/9/2019 | — | (1 | ) | (1 | ) | ||||
WELLS FARGO BANK NA | 4/7/2020 | — | (27 | ) | (27 | ) | ||||
WELLS FARGO BANK NA | 4/6/2021 | — | (11 | ) | (11 | ) | ||||
WELLS FARGO BANK NA | 4/23/2019 | (2 | ) | (101 | ) | (101 | ) | |||
WELLS FARGO BANK NA | 4/23/2019 | — | (1 | ) | (1 | ) | ||||
WELLS FARGO BANK NA | 4/21/2020 | — | (10 | ) | (10 | ) | ||||
WELLS FARGO BANK NA | 4/20/2021 | — | (12 | ) | (12 | ) | ||||
WELLS FARGO BANK NA | 5/7/2019 | (2 | ) | (75 | ) | (75 | ) | |||
WELLS FARGO BANK NA | 5/7/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 5/5/2020 | — | (8 | ) | (8 | ) | ||||
WELLS FARGO BANK NA | 5/4/2021 | — | (10 | ) | (10 | ) | ||||
WELLS FARGO BANK NA | 5/14/2019 | (2 | ) | (54 | ) | (54 | ) | |||
WELLS FARGO BANK NA | 5/14/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 5/12/2020 | — | (14 | ) | (14 | ) | ||||
WELLS FARGO BANK NA | 5/11/2021 | — | (9 | ) | (9 | ) | ||||
WELLS FARGO BANK NA | 5/21/2019 | (2 | ) | (50 | ) | (50 | ) | |||
WELLS FARGO BANK NA | 5/21/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 5/19/2020 | — | (7 | ) | (7 | ) | ||||
WELLS FARGO BANK NA | 5/28/2019 | (2 | ) | (71 | ) | (71 | ) | |||
WELLS FARGO BANK NA | 5/28/2019 | — | (1 | ) | (1 | ) | ||||
WELLS FARGO BANK NA | 5/26/2020 | — | (16 | ) | (16 | ) | ||||
WELLS FARGO BANK NA | 5/25/2021 | — | (9 | ) | (9 | ) | ||||
WELLS FARGO BANK NA | 6/4/2019 | (2 | ) | (49 | ) | (49 | ) | |||
WELLS FARGO BANK NA | 6/4/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 6/1/2021 | — | (8 | ) | (8 | ) | ||||
WELLS FARGO BANK NA | 6/11/2019 | (3 | ) | (40 | ) | (40 | ) | |||
WELLS FARGO BANK NA | 6/11/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 6/9/2020 | — | (10 | ) | (10 | ) | ||||
WELLS FARGO BANK NA | 6/8/2021 | — | (6 | ) | (6 | ) | ||||
WELLS FARGO BANK NA | 6/18/2019 | (2 | ) | (45 | ) | (45 | ) |
F-98
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO BANK NA | 6/18/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 6/16/2020 | — | (6 | ) | (6 | ) | ||||
WELLS FARGO BANK NA | 6/15/2021 | — | (7 | ) | (7 | ) | ||||
WELLS FARGO BANK NA | 6/25/2019 | (2 | ) | (75 | ) | (75 | ) | |||
WELLS FARGO BANK NA | 6/25/2019 | — | (1 | ) | (1 | ) | ||||
WELLS FARGO BANK NA | 6/23/2020 | — | (7 | ) | (7 | ) | ||||
WELLS FARGO BANK NA | 6/22/2021 | — | (8 | ) | (8 | ) | ||||
WELLS FARGO BANK NA | 7/2/2019 | (2 | ) | (82 | ) | (82 | ) | |||
WELLS FARGO BANK NA | 7/2/2019 | — | (1 | ) | (1 | ) | ||||
WELLS FARGO BANK NA | 6/30/2020 | — | (7 | ) | (7 | ) | ||||
WELLS FARGO BANK NA | 6/29/2021 | — | (16 | ) | (16 | ) | ||||
WELLS FARGO BANK NA | 7/9/2019 | (2 | ) | (44 | ) | (44 | ) | |||
WELLS FARGO BANK NA | 7/9/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 7/7/2020 | — | (5 | ) | (5 | ) | ||||
WELLS FARGO BANK NA | 7/6/2021 | — | (6 | ) | (6 | ) | ||||
WELLS FARGO BANK NA | 7/16/2019 | (2 | ) | (40 | ) | (40 | ) | |||
WELLS FARGO BANK NA | 7/16/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 7/14/2020 | — | (5 | ) | (5 | ) | ||||
WELLS FARGO BANK NA | 7/13/2021 | — | (12 | ) | (12 | ) | ||||
WELLS FARGO BANK NA | 7/23/2019 | (2 | ) | (39 | ) | (39 | ) | |||
WELLS FARGO BANK NA | 7/23/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 7/21/2020 | — | (10 | ) | (10 | ) | ||||
WELLS FARGO BANK NA | 7/20/2021 | — | (6 | ) | (6 | ) | ||||
WELLS FARGO BANK NA | 7/30/2019 | (2 | ) | (47 | ) | (47 | ) | |||
WELLS FARGO BANK NA | 7/30/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 7/28/2020 | — | (5 | ) | (5 | ) | ||||
WELLS FARGO BANK NA | 7/27/2021 | — | (6 | ) | (6 | ) | ||||
WELLS FARGO BANK NA | 8/27/2019 | (2 | ) | (22 | ) | (22 | ) | |||
WELLS FARGO BANK NA | 8/27/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 8/24/2021 | — | (5 | ) | (5 | ) | ||||
WELLS FARGO BANK NA | 9/3/2019 | (2 | ) | (27 | ) | (27 | ) | |||
WELLS FARGO BANK NA | 9/3/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 9/1/2020 | — | (4 | ) | (4 | ) | ||||
WELLS FARGO BANK NA | 8/31/2021 | — | (5 | ) | (5 | ) | ||||
WELLS FARGO BANK NA | 9/10/2019 | (2 | ) | (31 | ) | (31 | ) | |||
WELLS FARGO BANK NA | 9/10/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 9/8/2020 | — | (4 | ) | (4 | ) | ||||
WELLS FARGO BANK NA | 9/7/2021 | — | (16 | ) | (16 | ) | ||||
WELLS FARGO BANK NA | 9/17/2019 | (2 | ) | (24 | ) | (24 | ) | |||
WELLS FARGO BANK NA | 9/17/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 9/15/2020 | — | (8 | ) | (8 | ) | ||||
WELLS FARGO BANK NA | 9/14/2021 | — | (15 | ) | (15 | ) | ||||
WELLS FARGO BANK NA | 9/24/2019 | (2 | ) | (22 | ) | (22 | ) | |||
WELLS FARGO BANK NA | 9/24/2019 | — | — | — |
F-99
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
WELLS FARGO BANK NA | 9/22/2020 | — | (4 | ) | (4 | ) | ||||
WELLS FARGO BANK NA | 9/21/2021 | — | (10 | ) | (10 | ) | ||||
WELLS FARGO BANK NA | 10/8/2019 | (2 | ) | (39 | ) | (39 | ) | |||
WELLS FARGO BANK NA | 10/8/2019 | — | — | — | ||||||
WELLS FARGO BANK NA | 10/6/2020 | — | (5 | ) | (5 | ) | ||||
WELLS FARGO BANK NA | 10/5/2021 | — | (11 | ) | (11 | ) | ||||
WELLS FARGO BANK NA | 10/15/2019 | (2 | ) | (75 | ) | (75 | ) | |||
WELLS FARGO BANK NA | 10/15/2019 | — | (1 | ) | (1 | ) | ||||
WELLS FARGO BANK NA | 10/13/2020 | — | (13 | ) | (13 | ) | ||||
WELLS FARGO BANK NA | 10/12/2021 | — | (14 | ) | (14 | ) | ||||
WELLS FARGO BANK NA | 10/22/2019 | (2 | ) | (99 | ) | (99 | ) | |||
WELLS FARGO BANK NA | 10/22/2019 | — | (2 | ) | (2 | ) | ||||
WELLS FARGO BANK NA | 10/20/2020 | — | (16 | ) | (16 | ) | ||||
WELLS FARGO BANK NA | 10/19/2021 | — | (17 | ) | (17 | ) | ||||
WELLS FARGO BANK NA | 11/12/2019 | (2 | ) | (130 | ) | (130 | ) | |||
WELLS FARGO BANK NA | 11/12/2019 | — | (2 | ) | (2 | ) | ||||
WELLS FARGO BANK NA | 11/10/2020 | — | (9 | ) | (9 | ) | ||||
WELLS FARGO BANK NA | 11/9/2021 | — | (19 | ) | (19 | ) | ||||
WELLS FARGO BANK NA | 11/19/2019 | (2 | ) | (191 | ) | (191 | ) | |||
WELLS FARGO BANK NA | 11/19/2019 | — | (4 | ) | (4 | ) | ||||
WELLS FARGO BANK NA | 11/17/2020 | — | (24 | ) | (24 | ) | ||||
WELLS FARGO BANK NA | 11/16/2021 | — | (24 | ) | (24 | ) | ||||
WELLS FARGO BANK NA | 11/26/2019 | (2 | ) | (141 | ) | (141 | ) | |||
WELLS FARGO BANK NA | 11/23/2021 | — | (11 | ) | (11 | ) | ||||
WELLS FARGO BANK NA | 12/3/2019 | (2 | ) | (124 | ) | (124 | ) | |||
WELLS FARGO BANK NA | 12/3/2019 | — | (2 | ) | (2 | ) | ||||
WELLS FARGO BANK NA | 12/1/2020 | — | (9 | ) | (9 | ) | ||||
WELLS FARGO BANK NA | 11/30/2021 | — | (9 | ) | (9 | ) | ||||
WELLS FARGO BANK NA | 12/10/2019 | (2 | ) | (213 | ) | (213 | ) | |||
WELLS FARGO BANK NA | 12/10/2019 | — | (3 | ) | (3 | ) | ||||
WELLS FARGO BANK NA | 12/8/2020 | — | (11 | ) | (11 | ) | ||||
WELLS FARGO BANK NA | 12/7/2021 | — | (22 | ) | (22 | ) | ||||
WELLS FARGO BANK NA | 12/24/2019 | (2 | ) | (524 | ) | (524 | ) | |||
WELLS FARGO BANK NA | 12/22/2020 | — | (49 | ) | (49 | ) | ||||
WELLS FARGO BANK NA | 12/21/2021 | — | (67 | ) | (67 | ) | ||||
WELLS FARGO BANK NA | 12/21/2021 | — | (13 | ) | (13 | ) | ||||
TOTAL WRITTEN OPTIONS | (8,209 | ) | (8,209 | ) |
F-100
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
December 31, 2018
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) |
FUTURES | ||||||||||||
S&P 500 MINI FUTURES | 3/1/2019 | — | 6 | 6 | ||||||||
TOTAL FUTURES | 6 | 6 | ||||||||||
TOTAL DERIVATIVES - NET | 4,970 | 4,970 | ||||||||||
TOTAL INVESTMENTS IN CASH EQUIVALENTS, FIXED MATURITIES, EQUITY SECURITIES, SYNDICATED LOANS AND DERIVATIVES | $ | 8,295,301 | $ | 8,248,510 |
NOTES
a) Cash equivalents are carried at amortized cost which approximates fair value. Fixed maturities and equity securities are carried at fair value. In the absence of quoted market prices, fair values are obtained from third-party pricing services, non-binding broker quotes or other model-based valuation techniques. Syndicated loans are carried at amortized cost, less allowance for loan losses. Derivatives are carried at fair value. Options are traded in over-the-counter markets using pricing models with market observable inputs. Futures are exchange-traded and valued using quoted prices in active markets. See notes to the financial statements regarding valuations.
b) For Federal income tax purposes, the cost of investments is $8.3 billion.
c) Securities written down due to other-than-temporary impairment related to credit losses.
d) Non-Income producing securities.
F-101
Ameriprise Certificate Company
Schedule III — Mortgage Loans on Real Estate and Interest Earned on Mortgages
December 31, 2019
(in thousands)
Part 1 - Mortgage loans on real estate at end of period Part 2 - Interest earned on mortgages | Carrying amount of mortgages (c) | Amount of principal unpaid at end of period | Amount of mortgages being foreclosed | Interest due and accrued at end of period | Average gross rate of interest on mortgages held at end of period (e) | ||||||||||||||||||||||||||||
Loan No. | Description (a) | Property Location | Number of loans | Prior liens (b) | Total | Subject to delinquent interest (d) | |||||||||||||||||||||||||||
Other - liens on: | |||||||||||||||||||||||||||||||||
Apartment and business: | |||||||||||||||||||||||||||||||||
Under $500: | |||||||||||||||||||||||||||||||||
121047366 | Murray | UT | 1 | $ | — | $ | 469 | $ | 469 | $ | — | $ | — | $ | — | 3.310 | % | ||||||||||||||||
121087347 | Lawrenceville | GA | 1 | — | 263 | 263 | — | — | 1 | 4.650 | |||||||||||||||||||||||
121087351 | Gardena | CA | 1 | — | 398 | 398 | — | — | 1 | 4.450 | |||||||||||||||||||||||
121087353 | Beaverton | OR | 1 | — | 190 | 190 | — | — | 1 | 4.450 | |||||||||||||||||||||||
121087355 | Oregon City | OR | 1 | — | 325 | 325 | — | — | 1 | 3.460 | |||||||||||||||||||||||
121087359 | Apex | NC | 1 | — | 319 | 319 | — | — | 1 | 3.520 | |||||||||||||||||||||||
121087370 | La Jolla | CA | 1 | — | 432 | 432 | — | — | 1 | 3.260 | |||||||||||||||||||||||
Over $500: | |||||||||||||||||||||||||||||||||
121047210 | West Haven | CT | 1 | — | 4,343 | 4,343 | — | — | 13 | 3.600 | |||||||||||||||||||||||
121047262 | Fargo | ND | 1 | — | 4,535 | 4,535 | — | — | 21 | 5.440 | |||||||||||||||||||||||
121047343 | Durham | NC | 1 | — | 1,218 | 1,218 | — | — | 5 | 4.500 | |||||||||||||||||||||||
121047364 | Kansas City | KS | 1 | — | 990 | 990 | — | — | 3 | 3.420 | |||||||||||||||||||||||
121047377 | Cookeville | TN | 1 | — | 1,123 | 1,123 | — | — | 3 | 3.500 | |||||||||||||||||||||||
121047383 | Las Vegas | NV | 1 | — | 2,633 | 2,633 | — | — | 7 | 3.340 | |||||||||||||||||||||||
121047385 | Cicero | IL | 1 | — | 3,115 | 3,115 | — | — | 10 | 3.850 | |||||||||||||||||||||||
121047387 | Washington Terrace | UT | 1 | — | 2,214 | 2,214 | — | — | 7 | 3.730 | |||||||||||||||||||||||
121047392 | Philadelphia | PA | 1 | — | 3,406 | 3,406 | — | — | 12 | 4.310 | |||||||||||||||||||||||
121047393 | Moore | SC | 1 | — | 1,716 | 1,716 | — | — | 6 | 4.130 | |||||||||||||||||||||||
121047398 | Springfield | IL | 1 | — | 1,183 | 1,183 | — | — | 4 | 4.390 | |||||||||||||||||||||||
121047399 | Colorado Springs | CO | 1 | — | 4,448 | 4,448 | — | — | 15 | 4.010 | |||||||||||||||||||||||
121047400 | Pittsford | NY | 1 | — | 1,679 | 1,679 | — | — | 6 | 4.070 | |||||||||||||||||||||||
121047402 | Miami | FL | 1 | — | 1,493 | 1,493 | — | — | 5 | 3.750 | |||||||||||||||||||||||
121087245 | Southport | CT | 1 | — | 2,849 | 2,849 | — | — | 10 | 4.010 | |||||||||||||||||||||||
121087290 | Doraville | GA | 1 | — | 599 | 599 | — | — | 3 | 5.770 | |||||||||||||||||||||||
121087313 | Orchard Park | NY | 1 | — | 2,571 | 2,571 | — | — | 9 | 4.050 | |||||||||||||||||||||||
121087327 | Marietta | GA | 1 | — | 2,281 | 2,281 | — | — | 7 | 3.820 | |||||||||||||||||||||||
121087344 | Norcross | GA | 1 | — | 1,466 | 1,466 | — | — | 4 | 3.380 | |||||||||||||||||||||||
121087345 | Henderson | NV | 1 | — | 3,792 | 3,792 | — | — | 14 | 4.500 | |||||||||||||||||||||||
121087349 | Carlsbad | CA | 1 | — | 1,641 | 1,641 | — | — | 4 | 3.130 | |||||||||||||||||||||||
121087358 | Philadelphia | PA | 1 | — | 3,773 | 3,773 | — | — | 11 | 3.450 | |||||||||||||||||||||||
121087360 | Sun City Center | FL | 1 | — | 3,934 | 3,934 | — | — | 11 | 3.300 | |||||||||||||||||||||||
121087361 | Oswego | OR | 1 | — | 4,673 | 4,673 | — | — | 17 | 4.260 | |||||||||||||||||||||||
121087362 | Atlanta | GA | 1 | — | 2,289 | 2,289 | — | — | 7 | 3.810 | |||||||||||||||||||||||
121087365 | Fairfax | VA | 1 | — | 1,966 | 1,966 | — | — | 7 | 4.450 | |||||||||||||||||||||||
121087369 | Acworth | GA | 1 | — | 1,291 | 1,291 | — | — | 4 | 3.550 | |||||||||||||||||||||||
121087371 | Bulverde | TX | 1 | — | 708 | 708 | — | — | 2 | 3.000 | |||||||||||||||||||||||
121087372 | Brea | CA | 1 | — | 2,880 | 2,880 | — | — | 7 | 2.940 | |||||||||||||||||||||||
121087375 | Florence | KY | 1 | — | 1,292 | 1,292 | — | — | 3 | 3.040 |
F-102
Ameriprise Certificate Company
Schedule III — Mortgage Loans on Real Estate and Interest Earned on Mortgages (continued)
December 31, 2019
(in thousands)
Part 1 - Mortgage loans on real estate at end of period Part 2 - Interest earned on mortgages | Carrying amount of mortgages (c) | Amount of principal unpaid at end of period | Amount of mortgages being foreclosed | Interest due and accrued at end of period | Average gross rate of interest on mortgages held at end of period (e) | ||||||||||||||||||||||||||||
Loan No. | Description (a) | Property Location | Number of loans | Prior liens (b) | Total | Subject to delinquent interest (d) | |||||||||||||||||||||||||||
121087376 | Sterling Heights | MI | 1 | — | 2,126 | 2,126 | — | — | 6 | 3.620 | |||||||||||||||||||||||
121087378 | Pittsburgh | PA | 1 | — | 2,398 | 2,398 | — | — | 7 | 3.690 | |||||||||||||||||||||||
121087379 | Euless | TX | 1 | — | 1,425 | 1,425 | — | — | 4 | 3.700 | |||||||||||||||||||||||
121087381 | San Diego | CA | 1 | — | 3,767 | 3,767 | — | — | 10 | 3.130 | |||||||||||||||||||||||
121087382 | San Diego | CA | 1 | — | 3,736 | 3,736 | — | — | 10 | 3.090 | |||||||||||||||||||||||
121087384 | Culver City | CA | 1 | — | 2,860 | 2,860 | — | — | 9 | 3.840 | |||||||||||||||||||||||
121087386 | Bellingham | WA | 1 | — | 5,095 | 5,095 | — | — | 15 | 3.570 | |||||||||||||||||||||||
121087388 | Riverside | CA | 1 | — | 1,651 | 1,651 | — | — | 4 | 3.270 | |||||||||||||||||||||||
121087389 | Palmdale | CA | 1 | — | 2,228 | 2,228 | — | — | 6 | 3.270 | |||||||||||||||||||||||
121087390 | Freehold Township | NJ | 1 | — | 1,668 | 1,668 | — | — | 5 | 3.450 | |||||||||||||||||||||||
121087394 | Richmond | TX | 1 | — | 3,772 | 3,772 | — | — | 13 | 4.000 | |||||||||||||||||||||||
121087395 | San Francisco | CA | 1 | — | 4,534 | 4,534 | — | — | 16 | 4.180 | |||||||||||||||||||||||
121087396 | Seattle | WA | 1 | — | 4,932 | 4,932 | — | — | 18 | 4.410 | |||||||||||||||||||||||
121087397 | Nashville | TN | 1 | — | 1,851 | 1,851 | — | — | 7 | 4.350 | |||||||||||||||||||||||
121087401 | Southlake | TX | 1 | — | 2,381 | 2,381 | — | — | 8 | 4.030 | |||||||||||||||||||||||
121087403 | Houston | TX | 1 | — | 4,590 | 4,590 | — | — | 13 | 3.470 | |||||||||||||||||||||||
121087404 | Blaine | MN | 1 | — | 1,870 | 1,870 | — | — | — | 3.320 | |||||||||||||||||||||||
Total Other | 54 | — | 125,381 | 125,381 | — | — | 394 | 3.832 | |||||||||||||||||||||||||
Unallocated Reserve for Losses | 2,341 | ||||||||||||||||||||||||||||||||
Total First Mortgage Loans on Real Estate | 54 | $ | — | $ | 123,040 | $ | 125,381 | $ | — | $ | — | $ | 394 | 3.832 | % |
F-103
Ameriprise Certificate Company
Schedule III — Mortgage Loans on Real Estate and Interest Earned on Mortgages (continued)
December 31, 2019
(in thousands)
Part 3 - Location of mortgaged properties | Carrying amount of mortgages (c) | Amount of principal unpaid at end of period | Amount of mortgages being foreclosed | ||||||||||||||||||||
State in which mortgaged property is located | Number of loans | Prior liens (b) | Total | Subject to delinquent interest (d) | |||||||||||||||||||
California | CA | 10 | $ | — | $ | 24,127 | $ | 24,127 | $ | — | $ | — | |||||||||||
Colorado | CO | 1 | — | 4,448 | 4,448 | — | — | ||||||||||||||||
Connecticut | CT | 2 | — | 7,192 | 7,192 | — | — | ||||||||||||||||
Florida | FL | 2 | — | 5,427 | 5,427 | — | — | ||||||||||||||||
Georgia | GA | 6 | — | 8,189 | 8,189 | — | — | ||||||||||||||||
Illinois | IL | 2 | — | 4,298 | 4,298 | — | — | ||||||||||||||||
Kansas | KS | 1 | — | 990 | 990 | — | — | ||||||||||||||||
Kentucky | KY | 1 | — | 1,292 | 1,292 | — | — | ||||||||||||||||
Michigan | MI | 1 | — | 2,126 | 2,126 | — | — | ||||||||||||||||
Minnesota | MN | 1 | — | 1,870 | 1,870 | — | — | ||||||||||||||||
North Carolina | NC | 2 | — | 1,537 | 1,537 | — | — | ||||||||||||||||
North Dakota | ND | 1 | — | 4,535 | 4,535 | — | — | ||||||||||||||||
New Jersey | NJ | 1 | — | 1,668 | 1,668 | — | — | ||||||||||||||||
Nevada | NV | 2 | — | 6,425 | 6,425 | — | — | ||||||||||||||||
New York | NY | 2 | — | 4,250 | 4,250 | — | — | ||||||||||||||||
Oregon | OR | 3 | — | 5,188 | 5,188 | — | — | ||||||||||||||||
Pennsylvania | PA | 3 | — | 9,577 | 9,577 | — | — | ||||||||||||||||
South Carolina | SC | 1 | — | 1,716 | 1,716 | — | — | ||||||||||||||||
Tennessee | TN | 2 | — | 2,974 | 2,974 | — | — | ||||||||||||||||
Texas | TX | 5 | — | 12,876 | 12,876 | — | — | ||||||||||||||||
Utah | UT | 2 | — | 2,683 | 2,683 | — | — | ||||||||||||||||
Virginia | VA | 1 | — | 1,966 | 1,966 | — | — | ||||||||||||||||
Washington | WA | 2 | — | 10,027 | 10,027 | — | — | ||||||||||||||||
Total | 54 | — | 125,381 | 125,381 | — | — | |||||||||||||||||
Unallocated Reserve for Losses | 2,341 | ||||||||||||||||||||||
Total | 54 | $ | — | $ | 123,040 | $ | 125,381 | $ | — | $ | — | ||||||||||||
NOTES: (a) The classification “residential” includes single dwellings only. Residential multiple dwellings are included in “apartment and business”. (b) Real estate taxes and easements, which in the opinion of ACC are not undue burden on the properties, have been excluded from the determination of “prior liens”. (c) In this Schedule III, carrying amount of mortgage loans represents unpaid principal balances plus unamortized premiums less unamortized discounts and reserve for loss. (d) Interest in arrears for less than three months has been disregarded in computing the total amount of principal subject to delinquent interest. The amounts of mortgage loans being foreclosed are also included in amounts subject to delinquent interest. (e) Information as to interest income by type and class of loan has been omitted because it is not readily available and the obtaining thereof would involve unreasonable effort and expense. In lieu thereof, the average gross interest rates (exclusive of amortization of discounts and premiums) on mortgage loans held as of December 31, 2019 are shown by type and class of loan. |
F-104
Ameriprise Certificate Company
Schedule III — Mortgage Loans on Real Estate and Interest Earned on Mortgages
December 31, 2018
(in thousands)
Part 1 - Mortgage loans on real estate at end of period Part 2 - Interest earned on mortgages | Carrying amount of mortgages (c) | Amount of principal unpaid at end of period | Amount of mortgages being foreclosed | Interest due and accrued at end of period | Average gross rate of interest on mortgages held at end of period (e) | ||||||||||||||||||||||||||||
Loan No. | Description (a) | Property Location | Number of loans | Prior liens (b) | Total | Subject to delinquent interest (d) | |||||||||||||||||||||||||||
Other - liens on: | |||||||||||||||||||||||||||||||||
Apartment and business: | |||||||||||||||||||||||||||||||||
Under $500: | |||||||||||||||||||||||||||||||||
121087353 | Beaverton | OR | 1 | $ | — | $ | 302 | $ | 302 | $ | — | $ | — | $ | 1 | 4.450 | % | ||||||||||||||||
121087359 | Apex | NC | 1 | — | 448 | 448 | — | — | 1 | 3.520 | |||||||||||||||||||||||
Over $500: | |||||||||||||||||||||||||||||||||
121047210 | West Haven | CT | 1 | — | 4,470 | 4,470 | — | — | 13 | 3.600 | |||||||||||||||||||||||
121047262 | Fargo | ND | 1 | — | 5,102 | 5,102 | — | — | 23 | 5.440 | |||||||||||||||||||||||
121047343 | Durham | NC | 1 | — | 1,334 | 1,334 | — | — | 5 | 4.500 | |||||||||||||||||||||||
121047364 | Kansas City | KS | 1 | — | 1,030 | 1,030 | — | — | 3 | 3.420 | |||||||||||||||||||||||
121047366 | Murray | UT | 1 | — | 616 | 616 | — | — | — | 3.310 | |||||||||||||||||||||||
121047377 | Cookeville | TN | 1 | — | 1,380 | 1,380 | — | — | 4 | 3.500 | |||||||||||||||||||||||
121047383 | Las Vegas | NV | 1 | — | 2,712 | 2,712 | — | — | 8 | 3.340 | |||||||||||||||||||||||
121047385 | Cicero | IL | 1 | — | 3,199 | 3,199 | — | — | 10 | 3.850 | |||||||||||||||||||||||
121047387 | Washington Terrace | UT | 1 | — | 2,258 | 2,258 | — | — | 7 | 3.730 | |||||||||||||||||||||||
121047388 | Riverside | CA | 1 | — | 1,828 | 1,828 | — | — | 5 | 3.270 | |||||||||||||||||||||||
121047389 | Palmdale | CA | 1 | — | 2,468 | 2,468 | — | — | 7 | 3.270 | |||||||||||||||||||||||
121047392 | Philadelphia | PA | 1 | — | 3,466 | 3,466 | — | — | 12 | 4.310 | |||||||||||||||||||||||
121047393 | Moore | SC | 1 | — | 1,907 | 1,907 | — | — | 7 | 4.130 | |||||||||||||||||||||||
121087245 | Southport | CT | 1 | — | 2,923 | 2,923 | — | — | 10 | 4.010 | |||||||||||||||||||||||
121087290 | Doraville | GA | 1 | — | 809 | 809 | — | — | 4 | 5.770 | |||||||||||||||||||||||
121087313 | Orchard Park | NY | 1 | — | 2,680 | 2,680 | — | — | 9 | 4.050 | |||||||||||||||||||||||
121087327 | Marietta | GA | 1 | — | 2,341 | 2,341 | — | — | 7 | 3.820 | |||||||||||||||||||||||
121087344 | Norcross | GA | 1 | — | 1,539 | 1,539 | — | — | 4 | 3.380 | |||||||||||||||||||||||
121087345 | Henderson | NV | 1 | — | 4,208 | 4,208 | — | — | 16 | 4.500 | |||||||||||||||||||||||
121087347 | Lawrenceville | GA | 1 | — | 502 | 502 | — | — | 2 | 4.650 | |||||||||||||||||||||||
121087349 | Carlsbad | CA | 1 | — | 1,716 | 1,716 | — | — | 4 | 3.130 | |||||||||||||||||||||||
121087351 | Gardena | CA | 1 | — | 623 | 623 | — | — | 2 | 4.450 | |||||||||||||||||||||||
121087355 | Oregon City | OR | 1 | — | 594 | 594 | — | — | 2 | 3.460 | |||||||||||||||||||||||
121087358 | Philadelphia | PA | 1 | — | 3,886 | 3,886 | — | — | 11 | 3.450 | |||||||||||||||||||||||
121087360 | Sun City Center | FL | 1 | — | 4,023 | 4,023 | — | — | 11 | 3.300 | |||||||||||||||||||||||
121087361 | Oswego | OR | 1 | — | 4,920 | 4,920 | — | — | 17 | 4.260 | |||||||||||||||||||||||
121087362 | Atlanta | GA | 1 | — | 2,379 | 2,379 | — | — | 8 | 3.810 | |||||||||||||||||||||||
121087365 | Fairfax | VA | 1 | — | 2,017 | 2,017 | — | — | 8 | 4.450 | |||||||||||||||||||||||
121087369 | Acworth | GA | 1 | — | 1,366 | 1,366 | — | — | 4 | 3.550 | |||||||||||||||||||||||
121087370 | La Jolla | CA | 1 | — | 607 | 607 | — | — | 2 | 3.260 | |||||||||||||||||||||||
121087371 | Bulverde | TX | 1 | — | 884 | 884 | — | — | 2 | 3.000 | |||||||||||||||||||||||
121087372 | Brea | CA | 1 | — | 2,955 | 2,955 | — | — | 7 | 2.940 | |||||||||||||||||||||||
121087373 | Dekalb | GA | 1 | — | 993 | 993 | — | — | 3 | 3.220 | |||||||||||||||||||||||
121087374 | Fort Payne | AL | 1 | — | 1,372 | 1,372 | — | — | 4 | 3.210 | |||||||||||||||||||||||
121087375 | Florence | KY | 1 | — | 1,501 | 1,501 | — | — | 4 | 3.040 |
F-105
Ameriprise Certificate Company
Schedule III — Mortgage Loans on Real Estate and Interest Earned on Mortgages (continued)
December 31, 2018
(in thousands)
Part 1 - Mortgage loans on real estate at end of period Part 2 - Interest earned on mortgages | Carrying amount of mortgages (c) | Amount of principal unpaid at end of period | Amount of mortgages being foreclosed | Interest due and accrued at end of period | Average gross rate of interest on mortgages held at end of period (e) | ||||||||||||||||||||||||||||
Loan No. | Description (a) | Property Location | Number of loans | Prior liens (b) | Total | Subject to delinquent interest (d) | |||||||||||||||||||||||||||
121087376 | Sterling Heights | MI | 1 | — | 2,443 | 2,443 | — | — | 7 | 3.620 | |||||||||||||||||||||||
121087378 | Pittsburgh | PA | 1 | — | 2,566 | 2,566 | — | — | 8 | 3.690 | |||||||||||||||||||||||
121087379 | Euless | TX | 1 | — | 1,468 | 1,468 | — | — | 5 | 3.700 | |||||||||||||||||||||||
121087380 | Virginia Beach | VA | 1 | — | 1,821 | 1,821 | — | — | 5 | 3.400 | |||||||||||||||||||||||
121087381 | San Diego | CA | 1 | — | 4,180 | 4,180 | — | — | 11 | 3.130 | |||||||||||||||||||||||
121087382 | San Diego | CA | 1 | — | 4,195 | 4,195 | — | — | 11 | 3.090 | |||||||||||||||||||||||
121087384 | Culver City | CA | 1 | — | 2,918 | 2,918 | — | — | 9 | 3.840 | |||||||||||||||||||||||
121087386 | Bellingham | WA | 1 | — | 5,199 | 5,199 | — | — | 16 | 3.570 | |||||||||||||||||||||||
121087390 | Freehold Township | NJ | 1 | — | 1,844 | 1,844 | — | — | 5 | 3.450 | |||||||||||||||||||||||
121087394 | Richmond | TX | 1 | — | 4,141 | 4,141 | — | — | 14 | 4.000 | |||||||||||||||||||||||
121087395 | San Francisco | CA | 1 | — | 4,642 | 4,642 | — | — | 16 | 4.180 | |||||||||||||||||||||||
121087397 | Nashville | TN | 1 | — | 2,000 | 2,000 | — | — | — | 4.350 | |||||||||||||||||||||||
Total Other | 49 | — | 114,775 | 114,775 | — | — | 354 | 3.794 | |||||||||||||||||||||||||
Unallocated Reserve for Losses | 2,341 | ||||||||||||||||||||||||||||||||
Total First Mortgage Loans on Real Estate | 49 | $ | — | $ | 112,434 | $ | 114,775 | $ | — | $ | — | $ | 354 | 3.794 | % |
F-106
Ameriprise Certificate Company
Schedule III — Mortgage Loans on Real Estate and Interest Earned on Mortgages (continued)
December 31, 2018
(in thousands)
Part 3 - Location of mortgaged properties | Carrying amount of mortgages (c) | Amount of principal unpaid at end of period | Amount of mortgages being foreclosed | ||||||||||||||||||||
State in which mortgaged property is located | Number of loans | Prior liens (b) | Total | Subject to delinquent interest (d) | |||||||||||||||||||
Alabama | AL | 1 | $ | — | $ | 1,372 | $ | 1,372 | $ | — | $ | — | |||||||||||
California | CA | 10 | — | 26,132 | 26,132 | — | — | ||||||||||||||||
Connecticut | CT | 2 | — | 7,393 | 7,393 | — | — | ||||||||||||||||
Florida | FL | 1 | — | 4,023 | 4,023 | — | — | ||||||||||||||||
Georgia | GA | 7 | — | 9,929 | 9,929 | — | — | ||||||||||||||||
Illinois | IL | 1 | — | 3,199 | 3,199 | — | — | ||||||||||||||||
Kansas | KS | 1 | — | 1,030 | 1,030 | — | — | ||||||||||||||||
Kentucky | KY | 1 | — | 1,501 | 1,501 | — | — | ||||||||||||||||
Michigan | MI | 1 | — | 2,443 | 2,443 | — | — | ||||||||||||||||
North Carolina | NC | 2 | — | 1,782 | 1,782 | — | — | ||||||||||||||||
North Dakota | ND | 1 | — | 5,102 | 5,102 | — | — | ||||||||||||||||
New Jersey | NJ | 1 | — | 1,844 | 1,844 | — | — | ||||||||||||||||
Nevada | NV | 2 | — | 6,920 | 6,920 | — | — | ||||||||||||||||
New York | NY | 1 | — | 2,680 | 2,680 | — | — | ||||||||||||||||
Oregon | OR | 3 | — | 5,816 | 5,816 | — | — | ||||||||||||||||
Pennsylvania | PA | 3 | — | 9,919 | 9,919 | — | — | ||||||||||||||||
South Carolina | SC | 1 | — | 1,907 | 1,907 | — | — | ||||||||||||||||
Tennessee | TN | 2 | — | 3,380 | 3,380 | — | — | ||||||||||||||||
Texas | TX | 3 | — | 6,493 | 6,493 | — | — | ||||||||||||||||
Utah | UT | 2 | — | 2,874 | 2,874 | — | — | ||||||||||||||||
Virginia | VA | 2 | — | 3,837 | 3,837 | — | — | ||||||||||||||||
Washington | WA | 1 | — | 5,199 | 5,199 | — | — | ||||||||||||||||
Total | 49 | — | 114,775 | 114,775 | — | — | |||||||||||||||||
Unallocated Reserve for Losses | 2,341 | ||||||||||||||||||||||
Total | 49 | $ | — | $ | 112,434 | $ | 114,775 | $ | — | $ | — | ||||||||||||
NOTES: (a) The classification “residential” includes single dwellings only. Residential multiple dwellings are included in “apartment and business”. (b) Real estate taxes and easements, which in the opinion of ACC are not undue burden on the properties, have been excluded from the determination of “prior liens”. (c) In this Schedule III, carrying amount of mortgage loans represents unpaid principal balances plus unamortized premiums less unamortized discounts and reserve for loss. (d) Interest in arrears for less than three months has been disregarded in computing the total amount of principal subject to delinquent interest. The amounts of mortgage loans being foreclosed are also included in amounts subject to delinquent interest. (e) Information as to interest income by type and class of loan has been omitted because it is not readily available and the obtaining thereof would involve unreasonable effort and expense. In lieu thereof, the average gross interest rates (exclusive of amortization of discounts and premiums) on mortgage loans held as of December 31, 2018 are shown by type and class of loan. |
F-107
Ameriprise Certificate Company
Schedule III — Mortgage Loans on Real Estate and Interest Earned on Mortgages
Years Ended December 31, 2019, 2018 and 2017
(in thousands)
The average gross interest rates on mortgage loans held as of December 31, 2019, 2018 and 2017 are summarized as follows:
2019 | 2018 | 2017 | ||||||
Combined average | 3.832 | % | 3.794 | % | 3.683 | % |
(f) Following is a reconciliation of the carrying amount of mortgage loans for the years ended December 31, 2019, 2018 and 2017.
2019 | 2018 | 2017 | |||||||||
Balance at beginning of period | $ | 112,434 | $ | 107,644 | $ | 85,150 | |||||
Additions during period: | |||||||||||
Purchases and fundings | 22,870 | 19,321 | 30,086 | ||||||||
Deductions during period: | |||||||||||
Collections of principal | (12,264 | ) | (14,531 | ) | (7,592 | ) | |||||
Net additions (deductions) | 10,606 | 4,790 | 22,494 | ||||||||
Balance at end of period | $ | 123,040 | $ | 112,434 | $ | 107,644 |
(g) The aggregate cost of mortgage loans for federal income tax purposes as of December 31, 2019 was $125,381.
(h) As of December 31, 2019, an unallocated reserve for loss on first mortgage loans of $2,341 is recorded.
F-108
Ameriprise Certificate Company
Schedule V — Qualified Assets on Deposit
December 31, 2019 and 2018
(in thousands)
Name of Depositary | December 31, 2019 | |||||||||||||||||||
Investment Securities | Mortgage Loans (c) | Other (d) | Total | |||||||||||||||||
Bonds and Notes (a) | Equity Securities (b) | |||||||||||||||||||
Deposits with states or their depositories to meet requirements of statutes and agreements: | ||||||||||||||||||||
Illinois - Secretary of State of Illinois | $ | 50 | $ | — | $ | — | $ | — | $ | 50 | ||||||||||
New Jersey - Commissioner of Banking and Insurance of New Jersey | 52 | — | — | — | 52 | |||||||||||||||
Pennsylvania - Treasurer of the State of Pennsylvania | 157 | — | — | — | 157 | |||||||||||||||
Texas - Treasurer of the State of Texas | 112 | — | — | — | 112 | |||||||||||||||
Total State Deposits to meet requirements of statutes and agreements | 371 | — | — | — | 371 | |||||||||||||||
Total Central Depository - Ameriprise Trust Company | 7,728,310 | 188 | 123,040 | 146,819 | 7,998,357 | |||||||||||||||
Total Deposits | $ | 7,728,681 | $ | 188 | $ | 123,040 | $ | 146,819 | $ | 7,998,728 | ||||||||||
NOTES: (a) Represents amortized cost of bonds, notes and cash equivalents. (b) Represents fair value of equity securities. (c) Represents unpaid principal balance of mortgage loans less unamortized discounts and reserve for losses. (d) Represents cost of syndicated loans. |
Name of Depositary | December 31, 2018 | |||||||||||||||||||
Investment Securities | Mortgage Loans (c) | Other (d) | Total | |||||||||||||||||
Bonds and Notes (a) | Equity Securities (b) | |||||||||||||||||||
Deposits with states or their depositories to meet requirements of statutes and agreements: | ||||||||||||||||||||
Illinois - Secretary of State of Illinois | $ | 50 | $ | — | $ | — | $ | — | $ | 50 | ||||||||||
New Jersey - Commissioner of Banking and Insurance of New Jersey | 52 | — | — | — | 52 | |||||||||||||||
Pennsylvania - Treasurer of the State of Pennsylvania | 158 | — | — | — | 158 | |||||||||||||||
Texas - Treasurer of the State of Texas | 142 | — | — | — | 142 | |||||||||||||||
Total State Deposits to meet requirements of statutes and agreements | 402 | — | — | — | 402 | |||||||||||||||
Total Central Depository - Ameriprise Trust Company | 8,141,886 | 466 | 112,434 | 48,814 | 8,303,600 | |||||||||||||||
Total Deposits | $ | 8,142,288 | $ | 466 | $ | 112,434 | $ | 48,814 | $ | 8,304,002 | ||||||||||
NOTES: (a) Represents amortized cost of bonds, notes and cash equivalents. (b) Represents fair value of equity securities. (c) Represents unpaid principal balance of mortgage loans less unamortized discounts and reserve for losses. (d) Represents cost of syndicated loans and payables to brokers, dealers and clearing organizations. |
F-109
Ameriprise Certificate Company
Schedule VI — Certificate Reserves
Year Ended December 31, 2019
(in thousands)
Part 1 - Summary of Changes | ||||||||||||||||||||||||||||||||||||||||
Description | December 31, 2019 | |||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | ||||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | No. of accounts with security holders | Amount of maturity value | Amount of reserves | |||||||||||||||||||||||||||||
Installment certificates: | ||||||||||||||||||||||||||||||||||||||||
Reserves to mature: | ||||||||||||||||||||||||||||||||||||||||
Inst I95 | 822 | $ | — | $ | 7,454 | $ | — | $ | 2,085 | $ | 68 | $ | (2,849 | ) | $ | (2,641 | ) | $ | — | 600 | $ | — | $ | 4,117 | ||||||||||||||||
Inst-E | 5 | — | 189 | — | 33 | 2 | (15 | ) | (180 | ) | — | 1 | — | 29 | ||||||||||||||||||||||||||
RP-Q-Installment | 1 | 6 | 4 | — | — | — | — | — | — | 1 | 6 | 4 | ||||||||||||||||||||||||||||
RP-Q-Flexible Payment | 1 | 12 | 11 | — | — | — | — | — | — | 1 | 12 | 11 | ||||||||||||||||||||||||||||
Inst-R | 178 | 34,031 | 906 | — | 207 | 12 | (67 | ) | (155 | ) | — | 177 | 23,426 | 903 | ||||||||||||||||||||||||||
Inst-R-E | 1 | 2,052 | 250 | — | 53 | 4 | — | — | — | 1 | 2,052 | 307 | ||||||||||||||||||||||||||||
Total | 1,008 | 36,101 | 8,814 | — | 2,378 | 86 | (2,931 | ) | (2,976 | ) | — | 781 | 25,496 | 5,371 | ||||||||||||||||||||||||||
Additional credits and accrued interest thereon: | ||||||||||||||||||||||||||||||||||||||||
Inst I95 | — | — | — | 68 | — | — | — | — | (68 | ) | — | — | — | |||||||||||||||||||||||||||
Inst-E | — | — | — | 2 | — | — | — | — | (2 | ) | — | — | — | |||||||||||||||||||||||||||
Inst-R | — | — | — | 12 | — | — | — | — | (12 | ) | — | — | — | |||||||||||||||||||||||||||
Inst-R-E | — | — | — | 4 | — | — | — | — | (4 | ) | — | — | — | |||||||||||||||||||||||||||
Total | — | — | — | 86 | — | — | — | — | (86 | ) | — | — | — | |||||||||||||||||||||||||||
Total Installment Certificates | 1,008 | 36,101 | 8,814 | 86 | 2,378 | 86 | (2,931 | ) | (2,976 | ) | (86 | ) | 781 | 25,496 | 5,371 | |||||||||||||||||||||||||
Single Pay - Non Qualified Certificates | ||||||||||||||||||||||||||||||||||||||||
Single - Payment certificates: | ||||||||||||||||||||||||||||||||||||||||
IC-Flexible Savings (Variable Term) - 165 | 107,778 | 3,398,323 | 3,479,056 | — | 1,125,339 | 63,704 | (2,741 | ) | (1,679,064 | ) | — | 103,136 | 2,885,658 | 2,986,294 | ||||||||||||||||||||||||||
IC - Stepup - 190 | 404 | 13,367 | 13,672 | — | 1,109 | 205 | — | (4,687 | ) | — | 309 | 9,947 | 10,299 | |||||||||||||||||||||||||||
IC-Flexible Savings Emp (VT) - 166 | 1 | 1 | 3 | — | — | — | (3 | ) | — | — | — | — | — | |||||||||||||||||||||||||||
Cash Reserve Variables PMT - 3mo. - 662 | 68,512 | 1,846,437 | 1,853,780 | (6 | ) | 2,471,489 | 17,792 | (1,361 | ) | (2,358,281 | ) | — | 73,450 | 1,971,489 | 1,983,413 | |||||||||||||||||||||||||
IC-Stock Market - 180 | 8,308 | 59,787 | 66,860 | — | 293 | 1,373 | (2,744 | ) | (14,827 | ) | — | 6,414 | 45,100 | 50,955 | ||||||||||||||||||||||||||
IC-MSC - 181 | 7,191 | 128,093 | 144,112 | — | 3,457 | 2,633 | (4,105 | ) | (28,449 | ) | — | 5,727 | 103,885 | 117,648 | ||||||||||||||||||||||||||
IC-Stock1 - 210 | 7,570 | 71,118 | 72,105 | — | 26,936 | 1,459 | — | (19,494 | ) | — | 8,368 | 79,243 | 81,006 | |||||||||||||||||||||||||||
IC-Stock2 - 220 | 1,293 | 22,731 | 22,945 | — | 8,805 | 419 | — | (6,241 | ) | — | 1,379 | 25,555 | 25,928 | |||||||||||||||||||||||||||
IC-Stock3 - 230 | 1,947 | 34,196 | 34,413 | — | 10,224 | 679 | — | (5,233 | ) | — | 2,252 | 39,535 | 40,083 | |||||||||||||||||||||||||||
Total | 203,004 | 5,574,053 | 5,686,946 | (6 | ) | 3,647,652 | 88,264 | (10,954 | ) | (4,116,276 | ) | — | 201,035 | 5,160,412 | 5,295,626 | |||||||||||||||||||||||||
Additional credits and accrued interest thereon: | ||||||||||||||||||||||||||||||||||||||||
IC-Flexible Savings | — | — | 2,645 | 64,477 | — | — | — | (1,495 | ) | (63,715 | ) | — | — | 1,912 | ||||||||||||||||||||||||||
IC-Preferred Investors | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | — | |||||||||||||||||||||||||||
IC-Stepup -190 | — | — | 8 | 205 | — | — | — | (1 | ) | (205 | ) | — | — | 7 | ||||||||||||||||||||||||||
Cash Reserve Variable Payment-3mo. | — | — | 671 | 21,494 | — | — | — | (3,667 | ) | (17,789 | ) | — | — | 709 | ||||||||||||||||||||||||||
IC-Stk Mkt, 2004/16/31-4000/16 | — | — | 20 | 38 | — | — | — | — | (35 | ) | — | — | 23 | |||||||||||||||||||||||||||
IC-Stock1 - 210 | — | — | 18 | 50 | — | — | — | (2 | ) | (36 | ) | — | — | 30 | ||||||||||||||||||||||||||
IC-Stock2 - 220 | — | — | 13 | 27 | — | — | — | — | (6 | ) | — | — | 34 | |||||||||||||||||||||||||||
IC-Stock3 - 230 | — | — | 27 | 39 | — | — | — | — | (15 | ) | — | — | 51 | |||||||||||||||||||||||||||
IC-MSC | — | — | 23 | 96 | — | — | — | — | (99 | ) | — | — | 20 | |||||||||||||||||||||||||||
Total | — | — | 3,426 | 86,426 | — | — | — | (5,166 | ) | (81,900 | ) | — | — | 2,786 | ||||||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries: | ||||||||||||||||||||||||||||||||||||||||
SP 75 | — | — | (1 | ) | — | — | — | — | — | — | — | — | (1 | ) | ||||||||||||||||||||||||||
IC-Stock | — | — | 42 | 2,588 | — | — | — | (8 | ) | (1,338 | ) | — | — | 1,284 | ||||||||||||||||||||||||||
IC-Stock1 - 210 | — | — | 39 | 3,416 | — | — | — | (74 | ) | (1,423 | ) | — | — | 1,958 | ||||||||||||||||||||||||||
IC-Stock2 - 220 | — | — | 232 | 1,676 | — | — | — | (2 | ) | (413 | ) | — | — | 1,493 | ||||||||||||||||||||||||||
IC-Stock3 - 230 | — | — | 1,008 | 3,528 | — | — | — | — | (664 | ) | — | — | 3,872 |
F-110
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2019
(in thousands)
Part 1 - Summary of Changes | ||||||||||||||||||||||||||||||||||||||||
Description | December 31, 2019 | |||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | ||||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | No. of accounts with security holders | Amount of maturity value | Amount of reserves | |||||||||||||||||||||||||||||
IC-Market Strategy Certificate - Part Int 2019/2102/4061 | — | — | 54 | 5,145 | — | — | — | (71 | ) | (2,536 | ) | — | — | 2,592 | ||||||||||||||||||||||||||
Total | — | — | 1,374 | 16,353 | — | — | — | (155 | ) | (6,374 | ) | — | — | 11,198 | ||||||||||||||||||||||||||
Total Single Pay - Non Qualified Certificates | 203,004 | 5,574,053 | 5,691,746 | 102,773 | 3,647,652 | 88,264 | (10,954 | ) | (4,121,597 | ) | (88,274 | ) | 201,035 | 5,160,412 | 5,309,610 | |||||||||||||||||||||||||
R-Series Single Pay - Qualified Certificates | ||||||||||||||||||||||||||||||||||||||||
R-77 - 910 | 3.5 | 3 | 12 | 23 | — | — | — | — | — | — | 3 | 12 | 23 | |||||||||||||||||||||||||||
R78 - 911 | 3.5 | 6 | 29 | 44 | — | — | 2 | — | (4 | ) | — | 5 | 26 | 42 | ||||||||||||||||||||||||||
R-79 - 912 | 3.5 | 5 | 39 | 61 | — | — | 4 | — | — | — | 5 | 39 | 65 | |||||||||||||||||||||||||||
R-80 - 913 | 3.5 | 4 | 25 | 34 | — | — | 2 | — | (2 | ) | — | 4 | 23 | 34 | ||||||||||||||||||||||||||
R-81 - 914 | 3.5 | 2 | 24 | 33 | — | — | 2 | — | — | — | 2 | 24 | 35 | |||||||||||||||||||||||||||
R-82A - 915 | 3.5 | 10 | 42 | 46 | — | — | 2 | — | (4 | ) | — | 8 | 36 | 44 | ||||||||||||||||||||||||||
RP-Q - 916 | 33 | 41 | 124 | — | — | 1 | — | (9 | ) | — | 30 | 38 | 116 | |||||||||||||||||||||||||||
R-II - 920 | 3.5 | 8 | 63 | 57 | — | — | 3 | — | — | — | 8 | 63 | 60 | |||||||||||||||||||||||||||
RP-Flexible Savings - 971 | 46,284 | 1,395,497 | 1,425,001 | — | 486,586 | 28,503 | (337 | ) | (580,677 | ) | — | 45,821 | 1,319,131 | 1,359,076 | ||||||||||||||||||||||||||
Cash Reserve RP-3 mo. - 972 | 25,482 | 602,887 | 605,092 | — | 813,679 | 5,723 | (7 | ) | (730,834 | ) | — | 29,471 | 689,732 | 693,653 | ||||||||||||||||||||||||||
RP-Flexible Savings Emp - 973 | 11 | 156 | 209 | — | — | 3 | (28 | ) | (92 | ) | — | 3 | 81 | 92 | ||||||||||||||||||||||||||
RP-Stock Market - 960 | 2,605 | 27,255 | 29,684 | — | 74 | 611 | (482 | ) | (7,282 | ) | — | 1,996 | 20,501 | 22,605 | ||||||||||||||||||||||||||
RP-Stepup - 940 | 351 | 11,447 | 11,682 | — | 1,416 | 185 | — | (3,384 | ) | — | 283 | 9,619 | 9,899 | |||||||||||||||||||||||||||
RP-Stock1 - 941 | 3,033 | 33,745 | 34,182 | — | 14,774 | 727 | — | (9,814 | ) | — | 3,358 | 39,055 | 39,869 | |||||||||||||||||||||||||||
RP-Stock2 - 942 | 772 | 13,765 | 13,898 | — | 5,244 | 221 | — | (3,539 | ) | — | 920 | 15,618 | 15,824 | |||||||||||||||||||||||||||
RP-Stock3 - 943 | 1,218 | 21,964 | 22,077 | — | 6,026 | 503 | — | (3,698 | ) | — | 1,410 | 24,569 | 24,908 | |||||||||||||||||||||||||||
Market Strategy Cert - 961 | 1,600 | 38,068 | 40,940 | — | 544 | 761 | (295 | ) | (7,418 | ) | — | 1,355 | 31,852 | 34,532 | ||||||||||||||||||||||||||
D-1 990-993 | 4 | 1,121 | 1,275 | — | 108 | 25 | — | (138 | ) | — | 4 | 1,122 | 1,270 | |||||||||||||||||||||||||||
Total | 81,431 | 2,146,180 | 2,184,462 | — | 1,328,451 | 37,278 | (1,149 | ) | (1,346,895 | ) | — | 84,686 | 2,151,541 | 2,202,147 | ||||||||||||||||||||||||||
Additional Interest on R-Series Single Payment Reserves: | ||||||||||||||||||||||||||||||||||||||||
R-77 | 3.5 | — | — | 2 | — | — | — | — | — | (2 | ) | — | — | — | ||||||||||||||||||||||||||
R-78 | 3.5 | — | — | 2 | — | — | — | — | — | (2 | ) | — | — | — | ||||||||||||||||||||||||||
R-79 | 3.5 | — | — | 2 | — | — | — | — | — | (2 | ) | — | — | — | ||||||||||||||||||||||||||
R-80 | 3.5 | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | ||||||||||||||||||||||||||
R-81 | 3.5 | — | — | 1 | 1 | — | — | — | — | (2 | ) | — | — | — | ||||||||||||||||||||||||||
R-82A | 3.5 | — | — | 2 | 1 | — | — | — | — | (3 | ) | — | — | — | ||||||||||||||||||||||||||
RP-Q | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | |||||||||||||||||||||||||||
R-II | 3.5 | — | — | 2 | 1 | — | — | — | — | (3 | ) | — | — | — | ||||||||||||||||||||||||||
RP-Flexible Savings | — | — | 1,073 | 28,625 | — | — | — | (319 | ) | (28,503 | ) | — | — | 876 | ||||||||||||||||||||||||||
RP-Stepup - 940 | — | — | 7 | 185 | — | — | — | — | (185 | ) | — | — | 7 | |||||||||||||||||||||||||||
Cash Reserve RP-3 mo. | — | — | 208 | 7,128 | — | — | — | (1,367 | ) | (5,723 | ) | — | — | 246 | ||||||||||||||||||||||||||
RP-Flexible Savings Emp | — | — | — | 3 | — | — | — | — | (3 | ) | — | — | — | |||||||||||||||||||||||||||
RP-Stock Market | — | — | 10 | 15 | — | — | — | (1 | ) | (15 | ) | — | — | 9 | ||||||||||||||||||||||||||
RP-Stock1 | — | — | 12 | 39 | — | — | — | (1 | ) | (28 | ) | — | — | 22 | ||||||||||||||||||||||||||
RP-Stock2 | — | — | 10 | 16 | — | — | — | — | (8 | ) | — | — | 18 | |||||||||||||||||||||||||||
RP-Stock3 | — | — | 12 | 16 | — | — | — | — | (10 | ) | — | — | 18 | |||||||||||||||||||||||||||
Market Strategy Cert | — | — | 18 | 51 | — | — | — | — | (48 | ) | — | — | 21 | |||||||||||||||||||||||||||
D-1 - 400 | 7 | 7 | — | 26 | — | — | — | (1 | ) | (25 | ) | 7 | 7 | — | ||||||||||||||||||||||||||
Total | 7 | 7 | 1,361 | 36,109 | — | — | — | (1,689 | ) | (34,564 | ) | 7 | 7 | 1,217 | ||||||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries: | ||||||||||||||||||||||||||||||||||||||||
RP-Stock Market | — | — | 3 | 1,149 | — | — | — | (1 | ) | (596 | ) | — | — | 555 |
F-111
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2019
(in thousands)
Part 1 - Summary of Changes | ||||||||||||||||||||||||||||||||||||||||
Description | December 31, 2019 | |||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | ||||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | No. of accounts with security holders | Amount of maturity value | Amount of reserves | |||||||||||||||||||||||||||||
RP-Stock1 - 941 | — | — | 38 | 1,627 | — | — | — | (12 | ) | (699 | ) | — | — | 954 | ||||||||||||||||||||||||||
RP-Stock2 - 942 | — | — | 119 | 1,007 | — | — | — | — | (213 | ) | — | — | 913 | |||||||||||||||||||||||||||
RP-Stock3 - 943 | — | — | 751 | 2,229 | — | — | — | — | (493 | ) | — | — | 2,487 | |||||||||||||||||||||||||||
Market Strategy Cert | — | — | 15 | 1,455 | — | — | — | (9 | ) | (713 | ) | — | — | 748 | ||||||||||||||||||||||||||
Total | — | — | 926 | 7,467 | — | — | — | (22 | ) | (2,714 | ) | — | — | 5,657 | ||||||||||||||||||||||||||
Total R-Series Single Pay - Qualified Certificates | 81,438 | 2,146,187 | 2,186,749 | 43,576 | 1,328,451 | 37,278 | (1,149 | ) | (1,348,606 | ) | (37,278 | ) | 84,693 | 2,151,548 | 2,209,021 | |||||||||||||||||||||||||
Fully Paid Up Certificates | ||||||||||||||||||||||||||||||||||||||||
Additional credits and accrued interest thereon: | ||||||||||||||||||||||||||||||||||||||||
I-76 | 3.5 | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | — | ||||||||||||||||||||||||||
Total | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | — | |||||||||||||||||||||||||||
Total Fully Paid-up Certificates | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | — | |||||||||||||||||||||||||||
Optional Settlement Certificates | ||||||||||||||||||||||||||||||||||||||||
Other series and conversions from Single Payment Certificates | 2.5-3 - 3-3.5 | — | — | 5,981 | 177 | — | — | (489 | ) | (271 | ) | — | — | — | 5,398 | |||||||||||||||||||||||||
Series R-II & RP-2-84 - 88 -Prod 921 | 3.5 | — | — | 15 | 2 | — | — | — | — | — | — | — | 17 | |||||||||||||||||||||||||||
Series R-Installment (Prod 980, 981, 982) | — | — | 2 | — | — | — | — | (2 | ) | — | — | — | — | |||||||||||||||||||||||||||
Add’l credits and accrued int. thereon | 2.5-3 | — | — | 60 | — | — | — | (16 | ) | (3 | ) | — | — | — | 41 | |||||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | |||||||||||||||||||||||||||
Total Optional Settlement | — | — | 6,058 | 180 | — | — | (505 | ) | (276 | ) | (1 | ) | — | — | 5,456 | |||||||||||||||||||||||||
Due to unlocated cert holders | — | — | 234 | — | — | 431 | — | — | (226 | ) | — | — | 439 | |||||||||||||||||||||||||||
Total Certificate Reserves (1) | 285,450 | $ | 7,756,341 | $ | 7,893,602 | $ | 146,615 | $ | 4,978,481 | $ | 126,059 | $ | (15,539 | ) | $ | (5,473,456 | ) | $ | (125,865 | ) | 286,509 | $ | 7,337,456 | $ | 7,529,897 |
(1) Total certificate reserves does not include Stock Market Certificates embedded derivatives of $14.0 million and $6.2 million or its intrinsic interest of $(21.6) million and $(7.8) million as of December 31, 2019 and 2018, respectively. These amounts are included in Total certificate reserves on the Consolidated Balance Sheets.
F-112
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2019
(in thousands)
Part 2 - Descriptions of Additions to Reserves Charged to Other Accounts and Deductions from Reserves Credited to Other Accounts | Year Ended December 31, 2019 | ||
Additional credits on installment certificates and accrued interest thereon: | |||
Other additions represent: | |||
Transfers from maturities to extended maturities, additional credits/interest and advance payments | $ | 86 | |
Other deductions represent: | |||
Transfers to reserves on a quarterly basis for Reserve Plus Flexible-Payment, IC-Q-Installment and R-Flexible-Payment | $ | 86 | |
Optional settlement certificates: | |||
Other deductions represent: | |||
Transfers to reserves for additional credits and accrued interest thereon | $ | 1 | |
Single-Payment certificates: | |||
Other additions represent: | |||
Flexible Savings | $ | 63,704 | |
Stepup | 205 | ||
Cash Reserve-3mo | 17,792 | ||
Stock Market | 1,373 | ||
IC-Stock1 | 1,459 | ||
IC-Stock2 | 419 | ||
IC-Stock3 | 679 | ||
Market Strategy | 2,633 | ||
RP-Q | 1 | ||
Cash Reserve-RP-3mo | 5,723 | ||
Flexible Savings-RP | 28,503 | ||
Stepup-RP | 185 | ||
Flexible Savings-RP-Emp | 3 | ||
Stock Market-RP | 611 | ||
RP-Stock1 | 727 | ||
RP-Stock2 | 221 | ||
RP-Stock3 | 503 | ||
Market Strategy-RP | 761 | ||
Transfers from accruals at anniversaries maintained in a separate reserve account | 40 | ||
$ | 125,542 | ||
F-113
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2019
(in thousands)
Part 2 - Descriptions of Additions to Reserves Charged to Other Accounts and Deductions from Reserves Credited to Other Accounts | Year Ended December 31, 2019 | ||
Other deductions represent: | |||
Transfers to optional settlement reserves: | |||
Single-Payment | $ | 7,215 | |
Transfers to reserves for additional credits and accrued interest thereon | (40 | ) | |
Flexible Savings | 63,725 | ||
Stepup | 205 | ||
Cash Reserve-3mo | 17,794 | ||
Stock Market | 35 | ||
Stock1 | 38 | ||
Stock2 | 6 | ||
Stock3 | 15 | ||
Market Strategy Cert | 97 | ||
RP-Q | 1 | ||
Cash Reserve-RP-3mo | 5,723 | ||
Flexible Savings-RP | 28,503 | ||
Stepup-RP | 185 | ||
Flexible Savings-RP-Emp | 3 | ||
Stock Market-RP | 611 | ||
RP-Stock1 | 727 | ||
RP-Stock2 | 221 | ||
RP-Stock3 | 503 | ||
Transfers to Federal tax withholding | (15 | ) | |
$ | 125,552 | ||
Due to unlocated certificate holders: | |||
Other additions represent: | |||
Amounts equivalent to payments due certificates holders who could not be located | $ | 431 | |
Other deductions represent: | |||
Payments to certificate holders credited to cash | $ | 226 |
F-114
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2019
(in thousands)
Part 3 - Information Regarding Installment Certificates | ||||||||||||||||||||||||||||||
MO’s Paid | Number of Accounts w/Certificate Holders | Amount of Maturity Value | Amount of Reserves | Deduction from Reserves Cash Surrenders Prior to Maturity Surrender | Other Deductions | |||||||||||||||||||||||||
2018 | 2019 | 2018 | 2019 | 2018 | 2019 | 2019 | 2019 | |||||||||||||||||||||||
1-12 | 141 | 103 | $ | 22,621 | $ | 7,557 | $ | 466 | $ | 468 | $ | 2 | $ | — | ||||||||||||||||
13-24 | 83 | 113 | 1,070 | 7,289 | 469 | 457 | 56 | — | ||||||||||||||||||||||
25-36 | 93 | 63 | 322 | 653 | 453 | 337 | 139 | — | ||||||||||||||||||||||
37-48 | 79 | 86 | 2,141 | 322 | 615 | 682 | 47 | — | ||||||||||||||||||||||
49-60 | 68 | 72 | 3,015 | 2,135 | 456 | 713 | 62 | — | ||||||||||||||||||||||
61-72 | 67 | 66 | 2,377 | 3,075 | 465 | 530 | 9 | — | ||||||||||||||||||||||
73-84 | 82 | 62 | 1,938 | 2,377 | 690 | 480 | 18 | — | ||||||||||||||||||||||
85-96 | 92 | 72 | 993 | 1,908 | 612 | 611 | 121 | — | ||||||||||||||||||||||
97-108 | 95 | 72 | 1,606 | 162 | 613 | 584 | 32 | — | ||||||||||||||||||||||
109-120 | 206 | 70 | — | — | 3,959 | 493 | 124 | — | ||||||||||||||||||||||
121-132 | — | — | — | — | — | — | 1,133 | — | ||||||||||||||||||||||
133-144 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
145-156 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
157-168 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
169-180 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
181-192 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
193-204 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
205-216 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
217-228 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
229-240 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
241-252 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
253-264 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
265-276 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
277-288 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
289-300 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
301-312 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
313-324 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
325-336 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
337-348 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
349-360 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
361-372 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
373-384 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
385-396 | 1 | — | 12 | — | 11 | — | — | — | ||||||||||||||||||||||
397-408 | — | 1 | — | 12 | — | 11 | — | — | ||||||||||||||||||||||
409-420 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
421-432 | 1 | — | 6 | — | 5 | — | — | — | ||||||||||||||||||||||
433-444 | — | 1 | — | 6 | — | 5 | — | — | ||||||||||||||||||||||
TOTAL - ALL SERIES | 1,008 | 781 | $ | 36,101 | $ | 25,496 | $ | 8,814 | $ | 5,371 | $ | 1,743 | $ | — |
F-115
Ameriprise Certificate Company
Schedule VI — Certificate Reserves
Year Ended December 31, 2018
(in thousands)
Part 1 - Summary of Changes | |||||||||||||||||||||||||||||||||||||||||||||
Description | December 31, 2018 | ||||||||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | |||||||||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | No. of accounts with security holders | Amount of maturity value | Amount of reserves | ||||||||||||||||||||||||||||||||||
Installment certificates: | |||||||||||||||||||||||||||||||||||||||||||||
Reserves to mature: | |||||||||||||||||||||||||||||||||||||||||||||
Inst I95 | 1,060 | $ | — | $ | 10,325 | $ | (4 | ) | $ | 2,590 | $ | 89 | $ | (1,657 | ) | $ | (3,889 | ) | $ | — | 822 | $ | — | $ | 7,454 | ||||||||||||||||||||
Inst-E | 6 | — | 222 | — | 57 | 2 | — | (92 | ) | — | 5 | — | 189 | ||||||||||||||||||||||||||||||||
RP-Q-Installment | 1 | 6 | 4 | — | — | — | — | — | — | 1 | 6 | 4 | |||||||||||||||||||||||||||||||||
RP-Q-Flexible Payment | 1 | 12 | 11 | — | — | — | — | — | — | 1 | 12 | 11 | |||||||||||||||||||||||||||||||||
RP-Q-Ins | 2 | 12 | 2 | — | — | — | — | (2 | ) | — | — | — | — | ||||||||||||||||||||||||||||||||
Inst-R | 188 | 31,076 | 1,025 | — | 277 | 9 | (118 | ) | (287 | ) | — | 178 | 34,031 | 906 | |||||||||||||||||||||||||||||||
Inst-R-E | 1 | 2,052 | 229 | — | 53 | 3 | — | (35 | ) | — | 1 | 2,052 | 250 | ||||||||||||||||||||||||||||||||
Total | 1,259 | 33,158 | 11,818 | (4 | ) | 2,977 | 103 | (1,775 | ) | (4,305 | ) | — | 1,008 | 36,101 | 8,814 | ||||||||||||||||||||||||||||||
Additional credits and accrued interest thereon: | |||||||||||||||||||||||||||||||||||||||||||||
Inst I95 | — | — | — | 89 | — | — | — | — | (89 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Inst-E | — | — | — | 2 | — | — | — | — | (2 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Inst-R | — | — | — | 9 | — | — | — | — | (9 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Inst-R-E | — | — | — | 3 | — | — | — | — | (3 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Total | — | — | — | 103 | — | — | — | — | (103 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Res for accrued 3rd year 213 - Installment Prod only | — | — | 1 | (1 | ) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
Total | — | — | 1 | (1 | ) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
Total Installment Certificates | 1,259 | 33,158 | 11,819 | 98 | 2,977 | 103 | (1,775 | ) | (4,305 | ) | (103 | ) | 1,008 | 36,101 | 8,814 | ||||||||||||||||||||||||||||||
Single Pay - Non Qualified Certificates | |||||||||||||||||||||||||||||||||||||||||||||
Single - Payment certificates: | |||||||||||||||||||||||||||||||||||||||||||||
IC-Flexible Savings (Variable Term) - 165 | 80,112 | 2,388,722 | 2,449,179 | — | 2,173,985 | 43,796 | (1,103 | ) | (1,186,801 | ) | — | 107,778 | 3,398,323 | 3,479,056 | |||||||||||||||||||||||||||||||
IC - Stepup - 190 | 423 | 14,410 | 14,607 | — | 2,196 | 211 | — | (3,342 | ) | — | 404 | 13,367 | 13,672 | ||||||||||||||||||||||||||||||||
IC-Flexible Savings Emp (VT) - 166 | 5 | 57 | 83 | — | — | 1 | (81 | ) | — | — | 1 | 1 | 3 | ||||||||||||||||||||||||||||||||
Cash Reserve Variables PMT - 3mo. - 662 | 63,084 | 1,824,588 | 1,830,131 | — | 2,361,111 | 9,434 | (1,723 | ) | (2,345,173 | ) | — | 68,512 | 1,846,437 | 1,853,780 | |||||||||||||||||||||||||||||||
IC-Stock Market - 180 | 11,686 | 84,900 | 95,074 | — | 225 | 1,341 | (6,138 | ) | (23,642 | ) | — | 8,308 | 59,787 | 66,860 | |||||||||||||||||||||||||||||||
IC-MSC - 181 | 8,620 | 161,024 | 180,351 | — | 3,927 | 2,266 | (2,591 | ) | (39,841 | ) | — | 7,191 | 128,093 | 144,112 | |||||||||||||||||||||||||||||||
IC-Stock1 - 210 | 5,807 | 57,770 | 58,371 | — | 30,896 | 812 | — | (17,974 | ) | — | 7,570 | 71,118 | 72,105 | ||||||||||||||||||||||||||||||||
IC-Stock2 - 220 | 1,114 | 19,767 | 19,842 | — | 8,151 | 316 | — | (5,364 | ) | — | 1,293 | 22,731 | 22,945 | ||||||||||||||||||||||||||||||||
IC-Stock3 - 230 | 1,377 | 25,828 | 25,829 | — | 12,258 | 470 | — | (4,144 | ) | — | 1,947 | 34,196 | 34,413 | ||||||||||||||||||||||||||||||||
Total | 172,228 | 4,577,066 | 4,673,467 | — | 4,592,749 | 58,647 | (11,636 | ) | (3,626,281 | ) | — | 203,004 | 5,574,053 | 5,686,946 | |||||||||||||||||||||||||||||||
Additional credits and accrued interest thereon: | |||||||||||||||||||||||||||||||||||||||||||||
IC-Flexible Savings | — | — | 1,135 | 46,319 | — | — | — | (1,006 | ) | (43,803 | ) | — | — | 2,645 | |||||||||||||||||||||||||||||||
IC-Preferred Investors | — | — | 1 | — | — | — | — | — | — | — | — | 1 | |||||||||||||||||||||||||||||||||
IC-Stepup -190 | — | — | 6 | 216 | — | — | — | (3 | ) | (211 | ) | — | — | 8 | |||||||||||||||||||||||||||||||
IC-FS-EMP | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Cash Reserve Variable Payment-3mo. | — | — | 296 | 11,763 | — | — | — | (1,958 | ) | (9,430 | ) | — | — | 671 | |||||||||||||||||||||||||||||||
IC-Stk Mkt, 2004/16/31-4000/16 | — | — | 16 | 30 | — | — | (1 | ) | (1 | ) | (24 | ) | — | — | 20 | ||||||||||||||||||||||||||||||
IC-Stock1 - 210 | — | — | 7 | 25 | — | — | — | (1 | ) | (13 | ) | — | — | 18 | |||||||||||||||||||||||||||||||
IC-Stock2 - 220 | — | — | 7 | 13 | — | — | — | — | (7 | ) | — | — | 13 | ||||||||||||||||||||||||||||||||
IC-Stock3 - 230 | — | — | 20 | 19 | — | — | — | — | (12 | ) | — | — | 27 |
F-116
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2018
(in thousands)
Part 1 - Summary of Changes | ||||||||||||||||||||||||||||||||||||||||||||||||
Description | December 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | ||||||||||||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | No. of accounts with security holders | Amount of maturity value | Amount of reserves | |||||||||||||||||||||||||||||||||||||
IC-MSC | — | — | 13 | 63 | — | — | — | — | (53 | ) | — | — | 23 | |||||||||||||||||||||||||||||||||||
Total | — | — | 1,501 | 58,449 | — | — | (1 | ) | (2,969 | ) | (53,554 | ) | — | — | 3,426 | |||||||||||||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries: | ||||||||||||||||||||||||||||||||||||||||||||||||
SP 75 | — | — | (1 | ) | — | — | — | — | — | — | — | — | (1 | ) | ||||||||||||||||||||||||||||||||||
IC-Stock | — | — | 1,366 | 4 | — | — | — | (10 | ) | (1,318 | ) | — | — | 42 | ||||||||||||||||||||||||||||||||||
IC-Stock1 - 210 | — | — | 821 | 26 | — | — | — | (9 | ) | (799 | ) | — | — | 39 | ||||||||||||||||||||||||||||||||||
IC-Stock2 - 220 | — | — | 702 | (161 | ) | — | — | — | (1 | ) | (308 | ) | — | — | 232 | |||||||||||||||||||||||||||||||||
IC-Stock3 - 230 | — | — | 1,829 | (360 | ) | — | — | — | (3 | ) | (458 | ) | — | — | 1,008 | |||||||||||||||||||||||||||||||||
IC-Market Strategy Certificate - Part Int 2019/2102/4061 | — | — | 2,313 | 20 | — | — | — | (65 | ) | (2,214 | ) | — | — | 54 | ||||||||||||||||||||||||||||||||||
Total | — | — | 7,030 | (471 | ) | — | — | — | (88 | ) | (5,097 | ) | — | — | 1,374 | |||||||||||||||||||||||||||||||||
Total Single Pay - Non Qualified Certificates | 172,228 | 4,577,066 | 4,681,998 | 57,978 | 4,592,749 | 58,647 | (11,637 | ) | (3,629,338 | ) | (58,651 | ) | 203,004 | 5,574,053 | 5,691,746 | |||||||||||||||||||||||||||||||||
R-Series Single Pay - Qualified Certificates | ||||||||||||||||||||||||||||||||||||||||||||||||
R-77 - 910 | 3.5 | 3 | 12 | 22 | — | — | 1 | — | — | — | 3 | 12 | 23 | |||||||||||||||||||||||||||||||||||
R78 - 911 | 3.5 | 6 | 41 | 62 | — | — | 2 | — | (20 | ) | — | 6 | 29 | 44 | ||||||||||||||||||||||||||||||||||
R-79 - 912 | 3.5 | 5 | 40 | 60 | — | — | 2 | — | (1 | ) | — | 5 | 39 | 61 | ||||||||||||||||||||||||||||||||||
R-80 - 913 | 3.5 | 4 | 26 | 34 | — | — | 1 | — | (1 | ) | — | 4 | 25 | 34 | ||||||||||||||||||||||||||||||||||
R-81 - 914 | 3.5 | 2 | 24 | 32 | — | — | 1 | — | — | — | 2 | 24 | 33 | |||||||||||||||||||||||||||||||||||
R-82A - 915 | 3.5 | 10 | 42 | 45 | — | — | 2 | — | (1 | ) | — | 10 | 42 | 46 | ||||||||||||||||||||||||||||||||||
RP-Q - 916 | 38 | 48 | 144 | — | — | 1 | — | (21 | ) | — | 33 | 41 | 124 | |||||||||||||||||||||||||||||||||||
R-II - 920 | 3.5 | 9 | 72 | 63 | — | — | 2 | — | (8 | ) | — | 8 | 63 | 57 | ||||||||||||||||||||||||||||||||||
RP-Flexible Savings - 971 | 33,277 | 877,273 | 898,631 | — | 820,270 | 16,838 | (212 | ) | (310,526 | ) | — | 46,284 | 1,395,497 | 1,425,001 | ||||||||||||||||||||||||||||||||||
Cash Reserve RP-3 mo. - 972 | 22,404 | 642,849 | 644,576 | — | 706,467 | 2,921 | (56 | ) | (748,816 | ) | — | 25,482 | 602,887 | 605,092 | ||||||||||||||||||||||||||||||||||
RP-Flexible Savings Emp - 973 | 12 | 143 | 195 | — | 15 | 3 | — | (4 | ) | — | 11 | 156 | 209 | |||||||||||||||||||||||||||||||||||
RP-Stock Market - 960 | 3,598 | 36,393 | 39,640 | — | 41 | 566 | (855 | ) | (9,708 | ) | — | 2,605 | 27,255 | 29,684 | ||||||||||||||||||||||||||||||||||
RP-Stepup - 940 | 343 | 10,751 | 10,886 | — | 2,582 | 178 | — | (1,964 | ) | — | 351 | 11,447 | 11,682 | |||||||||||||||||||||||||||||||||||
RP-Stock1 - 941 | 2,259 | 27,458 | 27,726 | — | 14,787 | 381 | — | (8,712 | ) | — | 3,033 | 33,745 | 34,182 | |||||||||||||||||||||||||||||||||||
RP-Stock2 - 942 | 668 | 11,246 | 11,269 | — | 5,113 | 204 | — | (2,688 | ) | — | 772 | 13,765 | 13,898 | |||||||||||||||||||||||||||||||||||
RP-Stock3 - 943 | 947 | 16,811 | 16,811 | — | 7,274 | 263 | — | (2,271 | ) | — | 1,218 | 21,964 | 22,077 | |||||||||||||||||||||||||||||||||||
Market Strategy Cert - 961 | 1,927 | 44,776 | 48,152 | — | 1,600 | 616 | (166 | ) | (9,262 | ) | — | 1,600 | 38,068 | 40,940 | ||||||||||||||||||||||||||||||||||
D-1 990-993 | 4 | 735 | 870 | — | 403 | 19 | — | (17 | ) | — | 4 | 1,121 | 1,275 | |||||||||||||||||||||||||||||||||||
Total | 65,516 | 1,668,740 | 1,699,218 | — | 1,558,552 | 22,001 | (1,289 | ) | (1,094,020 | ) | — | 81,431 | 2,146,180 | 2,184,462 | ||||||||||||||||||||||||||||||||||
Additional Interest on R-Series Single Payment Reserves: | ||||||||||||||||||||||||||||||||||||||||||||||||
R-77 | 3.5 | — | — | 2 | 1 | — | — | — | — | (1 | ) | — | — | 2 | ||||||||||||||||||||||||||||||||||
R-78 | 3.5 | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | ||||||||||||||||||||||||||||||||||
R-79 | 3.5 | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | ||||||||||||||||||||||||||||||||||
R-80 | 3.5 | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | ||||||||||||||||||||||||||||||||||
R-81 | 3.5 | — | — | 1 | 1 | — | — | — | — | (1 | ) | — | — | 1 | ||||||||||||||||||||||||||||||||||
R-82A | 3.5 | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | ||||||||||||||||||||||||||||||||||
RP-Q | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
R-II | 3.5 | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | ||||||||||||||||||||||||||||||||||
RP-Flexible Savings | — | — | 406 | 17,673 | — | — | — | (168 | ) | (16,838 | ) | — | — | 1,073 | ||||||||||||||||||||||||||||||||||
RP-Stepup - 940 | — | — | 4 | 181 | — | — | — | — | (178 | ) | — | — | 7 | |||||||||||||||||||||||||||||||||||
Cash Reserve RP-3 mo. | — | — | 104 | 3,745 | — | — | — | (720 | ) | (2,921 | ) | — | — | 208 | ||||||||||||||||||||||||||||||||||
RP-Flexible Savings Emp | — | — | — | 3 | — | — | — | — | (3 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
RP-Stock Market | — | — | 8 | 12 | — | — | — | (1 | ) | (9 | ) | — | — | 10 |
F-117
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2018
(in thousands)
Part 1 - Summary of Changes | ||||||||||||||||||||||||||||||||||||||||||
Description | December 31, 2018 | |||||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | ||||||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | No. of accounts with security holders | Amount of maturity value | Amount of reserves | |||||||||||||||||||||||||||||||
RP-Stock1 | — | — | 4 | 17 | — | — | — | (1 | ) | (8 | ) | — | — | 12 | ||||||||||||||||||||||||||||
RP-Stock2 | — | — | 4 | 9 | — | — | — | — | (3 | ) | — | — | 10 | |||||||||||||||||||||||||||||
RP-Stock3 | — | — | 6 | 7 | — | — | — | — | (1 | ) | — | — | 12 | |||||||||||||||||||||||||||||
Market Strategy Cert | — | — | 11 | 31 | — | — | — | — | (24 | ) | — | — | 18 | |||||||||||||||||||||||||||||
D-1 - 400 | 7 | 7 | — | 21 | — | — | — | (2 | ) | (19 | ) | 7 | 7 | — | ||||||||||||||||||||||||||||
Total | 7 | 7 | 558 | 21,711 | — | — | — | (892 | ) | (20,016 | ) | 7 | 7 | 1,361 | ||||||||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries: | ||||||||||||||||||||||||||||||||||||||||||
RP-Stock Market | — | — | 560 | 1 | — | — | — | (1 | ) | (557 | ) | — | — | 3 | ||||||||||||||||||||||||||||
RP-Stock1 - 941 | — | — | 380 | 34 | — | — | — | (3 | ) | (373 | ) | — | — | 38 | ||||||||||||||||||||||||||||
RP-Stock2 - 942 | — | — | 393 | (72 | ) | — | — | — | (1 | ) | (201 | ) | — | — | 119 | |||||||||||||||||||||||||||
RP-Stock3 - 943 | — | — | 1,214 | (200 | ) | — | — | — | (1 | ) | (262 | ) | — | — | 751 | |||||||||||||||||||||||||||
Market Strategy Cert | — | — | 610 | 5 | — | — | — | (8 | ) | (592 | ) | — | — | 15 | ||||||||||||||||||||||||||||
Total | — | — | 3,157 | (232 | ) | — | — | — | (14 | ) | (1,985 | ) | — | — | 926 | |||||||||||||||||||||||||||
Total R-Series Single Pay - Qualified Certificates | 65,523 | 1,668,747 | 1,702,933 | 21,479 | 1,558,552 | 22,001 | (1,289 | ) | (1,094,926 | ) | (22,001 | ) | 81,438 | 2,146,187 | 2,186,749 | |||||||||||||||||||||||||||
Fully Paid Up Certificates | ||||||||||||||||||||||||||||||||||||||||||
Paid-up certificates: | ||||||||||||||||||||||||||||||||||||||||||
I-76 - 640 | 3.5 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Total | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Additional credits and accrued interest thereon: | ||||||||||||||||||||||||||||||||||||||||||
I-76 | 3.5 | — | — | 1 | — | — | — | — | — | — | — | — | 1 | |||||||||||||||||||||||||||||
Total | — | — | 1 | — | — | — | — | — | — | — | — | 1 | ||||||||||||||||||||||||||||||
Total Fully Paid-up Certificates | — | — | 1 | — | — | — | — | — | — | — | — | 1 | ||||||||||||||||||||||||||||||
Optional Settlement Certificates | ||||||||||||||||||||||||||||||||||||||||||
Other series and conversions from Single Payment Certificates | 2.5-3 - 3-3.5 | — | — | 6,934 | 200 | — | 2 | (833 | ) | (322 | ) | — | — | — | 5,981 | |||||||||||||||||||||||||||
Series R-II & RP-2-84 - 88 -Prod 921 | 3.5 | — | — | 27 | 1 | — | — | (1 | ) | (12 | ) | — | — | — | 15 | |||||||||||||||||||||||||||
Series R-Installent (Prod 980, 981, 982) | — | — | 2 | — | — | — | — | — | — | — | — | 2 | ||||||||||||||||||||||||||||||
Add’l credits and accrued int. thereon | 2.5-3 | — | — | 96 | 2 | — | 1 | (33 | ) | (4 | ) | (2 | ) | — | — | 60 | ||||||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | |||||||||||||||||||||||||||||
Total Optional Settlement | — | — | 7,059 | 204 | — | 3 | (867 | ) | (338 | ) | (3 | ) | — | — | 6,058 | |||||||||||||||||||||||||||
Due to unlocated cert holders | — | — | 265 | — | — | 195 | — | (3 | ) | (223 | ) | — | — | 234 | ||||||||||||||||||||||||||||
Total Certificate Reserves (1) | 239,010 | $ | 6,278,971 | $ | 6,404,075 | $ | 79,759 | $ | 6,154,278 | $ | 80,949 | $ | (15,568 | ) | $ | (4,728,910 | ) | $ | (80,981 | ) | 285,450 | $ | 7,756,341 | $ | 7,893,602 |
(1) Total certificate reserves does not include Stock Market Certificates embedded derivatives of $6.2 million and $9.7 million or its intrinsic interest of $(7.8) million and $(13.5) million as of December 31, 2018 and 2017, respectively. These amounts are included in Total certificate reserves on the Consolidated Balance Sheets.
F-118
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2018
(in thousands)
Part 2 - Descriptions of Additions to Reserves Charged to Other Accounts and Deductions from Reserves Credited to Other Accounts | Year Ended December 31, 2018 | ||
Additional credits on installment certificates and accrued interest thereon: | |||
Other additions represent: | |||
Transfers from maturities to extended maturities, additional credits/interest and advance payments | $ | 103 | |
Other deductions represent: | |||
Transfers to reserves on a quarterly basis for Reserve Plus Flexible-Payment, IC-Q-Installment and R-Flexible-Payment | $ | 103 | |
Optional settlement certificates: | |||
Other additions represent: | |||
Transfers from installment certificate reserves (less surrender charges), optional settlement privileges | $ | 2 | |
Transfers from accruals for additional credits to be allowed at next anniversaries | 1 | ||
$ | 3 | ||
Other deductions represent: | |||
Transfers to reserves for additional credits and accrued interest thereon | $ | 1 | |
Transfers to optional settlement reserves | 2 | ||
$ | 3 | ||
Single-Payment certificates: | |||
Other additions represent: | |||
Flexible Savings | $ | 43,796 | |
Single Payment NQ Products | 1 | ||
Stepup | 211 | ||
Flexible Savings-Emp | 1 | ||
Cash Reserve-3mo | 9,434 | ||
Stock Market | 1,341 | ||
IC-Stock1 | 812 | ||
IC-Stock2 | 316 | ||
IC-Stock3 | 470 | ||
Market Strategy | 2,266 | ||
RP-Q | 1 | ||
Cash Reserve-RP-3mo | 2,921 | ||
Flexible Savings-RP | 16,838 | ||
Stepup-RP | 178 | ||
Flexible Savings-RP-Emp | 3 | ||
Stock Market-RP | 566 | ||
RP-Stock1 | 381 | ||
RP-Stock2 | 204 | ||
RP-Stock3 | 263 | ||
Market Strategy-RP | 615 | ||
Transfers from accruals at anniversaries maintained in a separate reserve account | 30 | ||
$ | 80,648 | ||
F-119
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2018
(in thousands)
Part 2 - Descriptions of Additions to Reserves Charged to Other Accounts and Deductions from Reserves Credited to Other Accounts | Year Ended December 31, 2018 | ||
Other deductions represent: | |||
Transfers to optional settlement reserves: | |||
Single-Payment | $ | 5,774 | |
Transfers to reserves for additional credits and accrued interest thereon | (30 | ) | |
Single Payment NQ Products | (1 | ) | |
Flexible Savings | 43,810 | ||
Stepup | 211 | ||
Flexible Savings-Emp | 1 | ||
Cash Reserve-3mo | 9,432 | ||
Stock Market | 24 | ||
Stock1 | 13 | ||
Stock2 | 7 | ||
Stock3 | 12 | ||
Market Strategy Cert | 54 | ||
RP-Q | 1 | ||
Cash Reserve-RP-3mo | 2,921 | ||
Flexible Savings-RP | 16,838 | ||
Stepup-RP | 178 | ||
Flexible Savings-RP-Emp | 3 | ||
Stock Market-RP | 566 | ||
RP-Stock1 | 381 | ||
RP-Stock2 | 204 | ||
RP-Stock3 | 263 | ||
Transfers to Federal tax withholding | (10 | ) | |
$ | 80,652 | ||
Due to unlocated certificate holders: | |||
Other additions represent: | |||
Amounts equivalent to payments due certificates holders who could not be located | $ | 195 | |
Other deductions represent: | |||
Payments to certificate holders credited to cash | $ | 223 |
F-120
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2018
(in thousands)
Part 3 - Information Regarding Installment Certificates | ||||||||||||||||||||||||||||||
MO’s Paid | Number of Accounts w/Certificate Holders | Amount of Maturity Value | Amount of Reserves | Deduction from Reserves Cash Surrenders Prior to Maturity Surrender | Other Deductions | |||||||||||||||||||||||||
2017 | 2018 | 2017 | 2018 | 2017 | 2018 | 2018 | 2018 | |||||||||||||||||||||||
1-12 | 109 | 141 | $ | 1,383 | $ | 22,621 | $ | 593 | $ | 466 | $ | 5 | $ | — | ||||||||||||||||
13-24 | 111 | 83 | 679 | 1,070 | 479 | 469 | 5 | — | ||||||||||||||||||||||
25-36 | 85 | 93 | 2,154 | 322 | 720 | 453 | 26 | — | ||||||||||||||||||||||
37-48 | 77 | 79 | 3,040 | 2,141 | 483 | 615 | 171 | — | ||||||||||||||||||||||
49-60 | 77 | 68 | 3,159 | 3,015 | 432 | 456 | 45 | — | ||||||||||||||||||||||
61-72 | 100 | 67 | 4,878 | 2,377 | 775 | 465 | 40 | — | ||||||||||||||||||||||
73-84 | 115 | 82 | 1,457 | 1,938 | 675 | 690 | 156 | — | ||||||||||||||||||||||
85-96 | 113 | 92 | 16,366 | 993 | 769 | 612 | 119 | — | ||||||||||||||||||||||
97-108 | 283 | 95 | 12 | 1,606 | 4,803 | 613 | 41 | — | ||||||||||||||||||||||
109-120 | 184 | 206 | — | — | 2,070 | 3,959 | 673 | — | ||||||||||||||||||||||
121-132 | — | — | — | — | — | — | 447 | — | ||||||||||||||||||||||
133-144 | 1 | — | — | — | 1 | — | — | — | ||||||||||||||||||||||
145-156 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
157-168 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
169-180 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
181-192 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
193-204 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
205-216 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
217-228 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
229-240 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
241-252 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
253-264 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
265-276 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
277-288 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
289-300 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
301-312 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
313-324 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
325-336 | 2 | — | 12 | — | 2 | — | — | — | ||||||||||||||||||||||
337-348 | — | — | — | — | — | — | 2 | — | ||||||||||||||||||||||
349-360 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
361-372 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
373-384 | 1 | — | 12 | — | 11 | — | — | — | ||||||||||||||||||||||
385-396 | — | 1 | — | 12 | — | 11 | — | — | ||||||||||||||||||||||
397-408 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
409-420 | 1 | — | 6 | — | 5 | — | — | — | ||||||||||||||||||||||
421-432 | — | 1 | — | 6 | — | 5 | — | — | ||||||||||||||||||||||
TOTAL - ALL SERIES | 1,259 | 1,008 | $ | 33,158 | $ | 36,101 | $ | 11,818 | $ | 8,814 | $ | 1,730 | $ | — |
F-121
Ameriprise Certificate Company
Schedule VI — Certificate Reserves
Year Ended December 31, 2017
(in thousands)
Part 1 - Summary of Changes | |||||||||||||||||||||||||||||||||||||||||||||
Description | December 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | |||||||||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | No. of accounts with security holders | Amount of maturity value | Amount of reserves | ||||||||||||||||||||||||||||||||||
Installment certificates: | |||||||||||||||||||||||||||||||||||||||||||||
Reserves to mature: | |||||||||||||||||||||||||||||||||||||||||||||
Inst I95 | 1,290 | $ | — | $ | 11,904 | $ | — | $ | 3,286 | $ | 64 | $ | (903 | ) | $ | (4,026 | ) | $ | — | 1,060 | $ | — | $ | 10,325 | |||||||||||||||||||||
Inst-E | 11 | — | 142 | — | 160 | 1 | — | (81 | ) | — | 6 | — | 222 | ||||||||||||||||||||||||||||||||
RP-Q-Installment | 1 | 6 | 4 | — | — | — | — | — | — | 1 | 6 | 4 | |||||||||||||||||||||||||||||||||
RP-Q-Flexible Payment | 1 | 12 | 11 | — | — | — | — | — | — | 1 | 12 | 11 | |||||||||||||||||||||||||||||||||
RP-Q-Ins | 2 | 12 | 2 | — | — | — | — | — | — | 2 | 12 | 2 | |||||||||||||||||||||||||||||||||
Inst-R | 203 | 35,358 | 1,232 | — | 228 | 7 | (61 | ) | (381 | ) | — | 188 | 31,076 | 1,025 | |||||||||||||||||||||||||||||||
Inst-R-E | 1 | 2,052 | 174 | — | 54 | 1 | — | — | — | 1 | 2,052 | 229 | |||||||||||||||||||||||||||||||||
Total | 1,509 | 37,440 | 13,469 | — | 3,728 | 73 | (964 | ) | (4,488 | ) | — | 1,259 | 33,158 | 11,818 | |||||||||||||||||||||||||||||||
Additional credits and accrued interest thereon: | |||||||||||||||||||||||||||||||||||||||||||||
Inst I95 | — | — | — | 64 | — | — | — | — | (64 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Inst-E | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Inst-R | — | — | — | 7 | — | — | — | — | (7 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Inst-R-E | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Total | — | — | — | 73 | — | — | — | — | (73 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Res for accrued 3rd year 213 - Installment Prod only | — | — | 3 | (1 | ) | (1 | ) | — | — | — | — | — | — | 1 | |||||||||||||||||||||||||||||||
Total | — | — | 3 | (1 | ) | (1 | ) | — | — | — | — | — | — | 1 | |||||||||||||||||||||||||||||||
Total Installment Certificates | 1,509 | 37,440 | 13,472 | 72 | 3,727 | 73 | (964 | ) | (4,488 | ) | (73 | ) | 1,259 | 33,158 | 11,819 | ||||||||||||||||||||||||||||||
Single Pay - Non Qualified Certificates | |||||||||||||||||||||||||||||||||||||||||||||
Single - Payment certificates: | |||||||||||||||||||||||||||||||||||||||||||||
IC-Flexible Savings (Variable Term) - 165 | 71,492 | 1,991,401 | 2,049,828 | — | 1,392,513 | 21,755 | (3,426 | ) | (1,011,491 | ) | — | 80,112 | 2,388,722 | 2,449,179 | |||||||||||||||||||||||||||||||
IC - Stepup - 190 | 315 | 10,947 | 11,042 | — | 5,343 | 153 | — | (1,931 | ) | — | 423 | 14,410 | 14,607 | ||||||||||||||||||||||||||||||||
IC-Flexible Savings Emp (VT) - 166 | 8 | 66 | 96 | — | — | 1 | (14 | ) | — | — | 5 | 57 | 83 | ||||||||||||||||||||||||||||||||
Cash Reserve Variables PMT - 3mo. - 662 | 54,990 | 1,817,728 | 1,823,714 | — | 2,120,980 | 5,930 | (1,424 | ) | (2,119,069 | ) | — | 63,084 | 1,824,588 | 1,830,131 | |||||||||||||||||||||||||||||||
IC-Stock Market - 180 | 14,130 | 110,851 | 122,802 | — | 291 | 1,980 | (2,493 | ) | (27,506 | ) | — | 11,686 | 84,900 | 95,074 | |||||||||||||||||||||||||||||||
IC-MSC - 181 | 9,601 | 181,526 | 202,311 | — | 4,697 | 2,889 | — | (29,546 | ) | — | 8,620 | 161,024 | 180,351 | ||||||||||||||||||||||||||||||||
IC-Stock1 - 210 | 4,006 | 49,670 | 49,805 | — | 24,516 | 793 | — | (16,743 | ) | — | 5,807 | 57,770 | 58,371 | ||||||||||||||||||||||||||||||||
IC-Stock2 - 220 | 721 | 13,276 | 13,277 | — | 9,008 | 158 | — | (2,601 | ) | — | 1,114 | 19,767 | 19,842 | ||||||||||||||||||||||||||||||||
IC-Stock3 - 230 | 819 | 15,998 | 15,999 | — | 10,275 | — | — | (445 | ) | — | 1,377 | 25,828 | 25,829 | ||||||||||||||||||||||||||||||||
Total | 156,082 | 4,191,463 | 4,288,874 | — | 3,567,623 | 33,659 | (7,357 | ) | (3,209,332 | ) | — | 172,228 | 4,577,066 | 4,673,467 | |||||||||||||||||||||||||||||||
Additional credits and accrued interest thereon: | |||||||||||||||||||||||||||||||||||||||||||||
IC-Flexible Savings | — | — | 721 | 22,724 | — | — | — | (548 | ) | (21,762 | ) | — | — | 1,135 | |||||||||||||||||||||||||||||||
IC-Preferred Investors | — | — | 1 | — | — | — | — | — | — | — | — | 1 | |||||||||||||||||||||||||||||||||
IC-Stepup -190 | — | — | 5 | 157 | — | — | — | (3 | ) | (153 | ) | — | — | 6 | |||||||||||||||||||||||||||||||
IC-FS-EMP | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | ||||||||||||||||||||||||||||||||
Cash Reserve Variable Payment-3mo. | — | — | 227 | 7,078 | — | — | — | (1,085 | ) | (5,924 | ) | — | — | 296 | |||||||||||||||||||||||||||||||
IC-Stk Mkt, 2004/16/31-4000/16 | — | — | 19 | 25 | — | — | — | — | (28 | ) | — | — | 16 | ||||||||||||||||||||||||||||||||
IC-Stock1 - 210 | — | — | 4 | 12 | — | — | — | — | (9 | ) | — | — | 7 | ||||||||||||||||||||||||||||||||
IC-Stock2 - 220 | — | — | 3 | 6 | — | — | — | — | (2 | ) | — | — | 7 | ||||||||||||||||||||||||||||||||
IC-Stock3 - 230 | — | — | 9 | 11 | — | — | — | — | — | — | — | 20 |
F-122
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2017
(in thousands)
Part 1 - Summary of Changes | ||||||||||||||||||||||||||||||||||||||||||||||||
Description | December 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | ||||||||||||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | No. of accounts with security holders | Amount of maturity value | Amount of reserves | |||||||||||||||||||||||||||||||||||||
IC-MSC | — | — | 13 | 36 | — | — | — | — | (36 | ) | — | — | 13 | |||||||||||||||||||||||||||||||||||
Total | — | — | 1,002 | 30,050 | — | — | — | (1,636 | ) | (27,915 | ) | — | — | 1,501 | ||||||||||||||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries: | ||||||||||||||||||||||||||||||||||||||||||||||||
SP 75 | — | — | (1 | ) | — | — | — | — | — | — | — | — | (1 | ) | ||||||||||||||||||||||||||||||||||
IC-Stock | — | — | 1,938 | 1,398 | — | — | — | (18 | ) | (1,952 | ) | — | — | 1,366 | ||||||||||||||||||||||||||||||||||
IC-Stock1 - 210 | — | — | 751 | 857 | — | — | — | (3 | ) | (784 | ) | — | — | 821 | ||||||||||||||||||||||||||||||||||
IC-Stock2 - 220 | — | — | 434 | 424 | — | — | — | — | (156 | ) | — | — | 702 | |||||||||||||||||||||||||||||||||||
IC-Stock3 - 230 | — | — | 945 | 884 | — | — | — | — | — | — | — | 1,829 | ||||||||||||||||||||||||||||||||||||
IC-Market Strategy Certificate - Part Int 2019/2102/4061 | — | — | 2,816 | 2,439 | — | — | — | (87 | ) | (2,855 | ) | — | — | 2,313 | ||||||||||||||||||||||||||||||||||
Total | — | — | 6,883 | 6,002 | — | — | — | (108 | ) | (5,747 | ) | — | — | 7,030 | ||||||||||||||||||||||||||||||||||
Total Single Pay - Non Qualified Certificates | 156,082 | 4,191,463 | 4,296,759 | 36,052 | 3,567,623 | 33,659 | (7,357 | ) | (3,211,076 | ) | (33,662 | ) | 172,228 | 4,577,066 | 4,681,998 | |||||||||||||||||||||||||||||||||
R-Series Single Pay - Qualified Certificates | ||||||||||||||||||||||||||||||||||||||||||||||||
R-77 - 910 | 3.5 | 3 | 12 | 21 | — | — | 1 | — | — | — | 3 | 12 | 22 | |||||||||||||||||||||||||||||||||||
R78 - 911 | 3.5 | 6 | 41 | 60 | — | — | 2 | — | — | — | 6 | 41 | 62 | |||||||||||||||||||||||||||||||||||
R-79 - 912 | 3.5 | 5 | 40 | 58 | — | — | 2 | — | — | — | 5 | 40 | 60 | |||||||||||||||||||||||||||||||||||
R-80 - 913 | 3.5 | 4 | 26 | 33 | — | — | 1 | — | — | — | 4 | 26 | 34 | |||||||||||||||||||||||||||||||||||
R-81 - 914 | 3.5 | 2 | 24 | 31 | — | — | 1 | — | — | — | 2 | 24 | 32 | |||||||||||||||||||||||||||||||||||
R-82A - 915 | 3.5 | 12 | 49 | 51 | — | — | 2 | — | (8 | ) | — | 10 | 42 | 45 | ||||||||||||||||||||||||||||||||||
RP-Q - 916 | 39 | 55 | 163 | — | — | 1 | — | (20 | ) | — | 38 | 48 | 144 | |||||||||||||||||||||||||||||||||||
R-II - 920 | 3.5 | 10 | 76 | 64 | — | — | 2 | — | (3 | ) | — | 9 | 72 | 63 | ||||||||||||||||||||||||||||||||||
RP-Flexible Savings - 971 | 30,597 | 794,306 | 814,836 | — | 376,139 | 8,253 | (222 | ) | (300,375 | ) | — | 33,277 | 877,273 | 898,631 | ||||||||||||||||||||||||||||||||||
Cash Reserve RP-3 mo. - 972 | 19,090 | 647,314 | 648,752 | — | 699,618 | 2,036 | (1 | ) | (705,829 | ) | — | 22,404 | 642,849 | 644,576 | ||||||||||||||||||||||||||||||||||
RP-Flexible Savings Emp - 973 | 15 | 173 | 228 | — | — | 2 | (17 | ) | (18 | ) | — | 12 | 143 | 195 | ||||||||||||||||||||||||||||||||||
RP-Stock Market - 960 | 4,453 | 46,361 | 49,936 | — | 96 | 811 | (372 | ) | (10,831 | ) | — | 3,598 | 36,393 | 39,640 | ||||||||||||||||||||||||||||||||||
RP-Stepup - 940 | 215 | 6,295 | 6,354 | — | 5,339 | 96 | — | (903 | ) | — | 343 | 10,751 | 10,886 | |||||||||||||||||||||||||||||||||||
RP-Stock1 - 941 | 1,626 | 22,787 | 22,843 | — | 11,923 | 366 | — | (7,406 | ) | — | 2,259 | 27,458 | 27,726 | |||||||||||||||||||||||||||||||||||
RP-Stock2 - 942 | 443 | 8,022 | 8,022 | — | 5,007 | 82 | — | (1,842 | ) | — | 668 | 11,246 | 11,269 | |||||||||||||||||||||||||||||||||||
RP-Stock3 - 943 | 558 | 10,312 | 10,312 | — | 6,600 | — | — | (101 | ) | — | 947 | 16,811 | 16,811 | |||||||||||||||||||||||||||||||||||
Market Strategy Cert - 961 | 2,143 | 50,971 | 54,637 | — | 694 | 787 | — | (7,966 | ) | — | 1,927 | 44,776 | 48,152 | |||||||||||||||||||||||||||||||||||
D-1 990-993 | 5 | 608 | 747 | — | 143 | 8 | (1 | ) | (27 | ) | — | 4 | 735 | 870 | ||||||||||||||||||||||||||||||||||
Total | 59,226 | 1,587,472 | 1,617,148 | — | 1,105,559 | 12,453 | (613 | ) | (1,035,329 | ) | — | 65,516 | 1,668,740 | 1,699,218 | ||||||||||||||||||||||||||||||||||
Additional Interest on R-Series Single Payment Reserves: | ||||||||||||||||||||||||||||||||||||||||||||||||
R-77 | 3.5 | — | — | 2 | 1 | — | — | — | — | (1 | ) | — | — | 2 | ||||||||||||||||||||||||||||||||||
R-78 | 3.5 | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | ||||||||||||||||||||||||||||||||||
R-79 | 3.5 | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | ||||||||||||||||||||||||||||||||||
R-80 | 3.5 | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | ||||||||||||||||||||||||||||||||||
R-81 | 3.5 | — | — | 1 | 1 | — | — | — | — | (1 | ) | — | — | 1 | ||||||||||||||||||||||||||||||||||
R-82A | 3.5 | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | ||||||||||||||||||||||||||||||||||
RP-Q | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
R-II | 3.5 | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | ||||||||||||||||||||||||||||||||||
RP-Flexible Savings | — | — | 287 | 8,470 | — | — | — | (98 | ) | (8,253 | ) | — | — | 406 | ||||||||||||||||||||||||||||||||||
RP-Stepup - 940 | — | — | 2 | 98 | — | — | — | — | (96 | ) | — | — | 4 | |||||||||||||||||||||||||||||||||||
Cash Reserve RP-3 mo. | — | — | 80 | 2,475 | — | — | — | (415 | ) | (2,036 | ) | — | — | 104 | ||||||||||||||||||||||||||||||||||
RP-Flexible Savings Emp | — | — | — | 2 | — | — | — | — | (2 | ) | — | — | — | |||||||||||||||||||||||||||||||||||
RP-Stock Market | — | — | 8 | 10 | — | — | — | — | (10 | ) | — | — | 8 |
F-123
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2017
(in thousands)
Part 1 - Summary of Changes | ||||||||||||||||||||||||||||||||||||||||||
Description | December 31, 2017 | |||||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | ||||||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | No. of accounts with security holders | Amount of maturity value | Amount of reserves | |||||||||||||||||||||||||||||||
RP-Stock1 | — | — | 2 | 7 | — | — | — | — | (5 | ) | — | — | 4 | |||||||||||||||||||||||||||||
RP-Stock2 | — | — | 1 | 4 | — | — | — | — | (1 | ) | — | — | 4 | |||||||||||||||||||||||||||||
RP-Stock3 | — | — | 2 | 4 | — | — | — | — | — | — | — | 6 | ||||||||||||||||||||||||||||||
Market Strategy Cert | — | — | 10 | 19 | — | — | — | — | (18 | ) | — | — | 11 | |||||||||||||||||||||||||||||
D-1 - 400 | 8 | 7 | — | 10 | — | — | — | (2 | ) | (8 | ) | 7 | 7 | — | ||||||||||||||||||||||||||||
Total | 8 | 7 | 403 | 11,111 | — | — | — | (515 | ) | (10,441 | ) | 7 | 7 | 558 | ||||||||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries: | ||||||||||||||||||||||||||||||||||||||||||
RP-Stock Market | — | — | 775 | 587 | — | — | — | (1 | ) | (801 | ) | — | — | 560 | ||||||||||||||||||||||||||||
RP-Stock1 - 941 | — | — | 345 | 400 | — | — | — | (4 | ) | (361 | ) | — | — | 380 | ||||||||||||||||||||||||||||
RP-Stock2 - 942 | — | — | 257 | 217 | — | — | — | — | (81 | ) | — | — | 393 | |||||||||||||||||||||||||||||
RP-Stock3 - 943 | — | — | 651 | 563 | — | — | — | — | — | — | — | 1,214 | ||||||||||||||||||||||||||||||
Market Strategy Cert | — | — | 748 | 645 | — | — | — | (14 | ) | (769 | ) | — | — | 610 | ||||||||||||||||||||||||||||
Total | — | — | 2,776 | 2,412 | — | — | — | (19 | ) | (2,012 | ) | — | — | 3,157 | ||||||||||||||||||||||||||||
Total R-Series Single Pay - Qualified Certificates | 59,234 | 1,587,479 | 1,620,327 | 13,523 | 1,105,559 | 12,453 | (613 | ) | (1,035,863 | ) | (12,453 | ) | 65,523 | 1,668,747 | 1,702,933 | |||||||||||||||||||||||||||
Fully Paid Up Certificates | ||||||||||||||||||||||||||||||||||||||||||
Paid-up certificates: | ||||||||||||||||||||||||||||||||||||||||||
I-76 - 640 | 3.5 | — | — | 1 | — | — | — | (1 | ) | — | — | — | — | — | ||||||||||||||||||||||||||||
Total | — | — | 1 | — | — | — | (1 | ) | — | — | — | — | — | |||||||||||||||||||||||||||||
Additional credits and accrued interest thereon: | ||||||||||||||||||||||||||||||||||||||||||
I-76 | 3.5 | 2 | 1 | 1 | — | — | — | — | — | — | — | — | 1 | |||||||||||||||||||||||||||||
Total | 2 | 1 | 1 | — | — | — | — | — | — | — | — | 1 | ||||||||||||||||||||||||||||||
Total Fully Paid-up Certificates | 2 | 1 | 2 | — | — | — | (1 | ) | — | — | — | — | 1 | |||||||||||||||||||||||||||||
Optional Settlement Certificates | ||||||||||||||||||||||||||||||||||||||||||
Other series and conversions from Single Payment Certificates | 2.5-3 - 3-3.5 | — | — | 8,300 | 235 | — | 1 | (1,016 | ) | (586 | ) | — | — | — | 6,934 | |||||||||||||||||||||||||||
Series R-II & RP-2-84 - 88 -Prod 921 | 3.5 | — | — | 31 | 1 | — | — | (3 | ) | (2 | ) | — | — | — | 27 | |||||||||||||||||||||||||||
Series R-Installent (Prod 980, 981, 982) | — | — | 2 | — | — | — | — | — | — | — | — | 2 | ||||||||||||||||||||||||||||||
Add’l credits and accrued int. thereon | 2.5-3 | — | — | 170 | 4 | — | 1 | (74 | ) | (4 | ) | (1 | ) | — | — | 96 | ||||||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | |||||||||||||||||||||||||||||
Total Optional Settlement | — | — | 8,503 | 241 | — | 2 | (1,093 | ) | (592 | ) | (2 | ) | — | — | 7,059 | |||||||||||||||||||||||||||
Due to unlocated cert holders | — | — | 352 | — | — | 91 | — | — | (178 | ) | — | — | 265 | |||||||||||||||||||||||||||||
Total Certificate Reserves (1) | 216,827 | $ | 5,816,383 | $ | 5,939,415 | $ | 49,888 | $ | 4,676,909 | $ | 46,278 | $ | (10,028 | ) | $ | (4,252,019 | ) | $ | (46,368 | ) | 239,010 | $ | 6,278,971 | $ | 6,404,075 |
(1) Total certificate reserves does not include Stock Market Certificates embedded derivatives of $9.7 million and $8.2 million or its intrinsic interest of $(13.5) million and $(12.5) million as of December 31, 2017 and 2016, respectively. These amounts are included in Total certificate reserves on the Consolidated Balance Sheets.
F-124
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2017
(in thousands)
Part 2 - Descriptions of Additions to Reserves Charged to Other Accounts and Deductions from Reserves Credited to Other Accounts | Year Ended December 31, 2017 | ||
Additional credits on installment certificates and accrued interest thereon: | |||
Other additions represent: | |||
Transfers from maturities to extended maturities, additional credits/interest and advance payments | $ | 73 | |
Other deductions represent: | |||
Transfers to reserves on a quarterly basis for Reserve Plus Flexible-Payment, IC-Q-Installment and R-Flexible-Payment | $ | 73 | |
Optional settlement certificates: | |||
Other additions represent: | |||
Transfers from installment certificate reserves (less surrender charges), optional settlement privileges | $ | 1 | |
Transfers from accruals for additional credits to be allowed at next anniversaries | 1 | ||
$ | 2 | ||
Other deductions represent: | |||
Transfers to reserves for additional credits and accrued interest thereon | $ | 1 | |
Transfers to optional settlement reserves | 1 | ||
$ | 2 | ||
Single-Payment certificates: | |||
Other additions represent: | |||
Flexible Savings | $ | 21,755 | |
Stepup | 153 | ||
Flexible Savings-Emp | 1 | ||
Preferred Investors | — | ||
Cash Reserve-3mo | 5,930 | ||
Stock Market | 1,980 | ||
IC-Stock1 | 793 | ||
IC-Stock2 | 158 | ||
Market Strategy | 2,889 | ||
RP-Q | 1 | ||
Cash Reserve-RP-3mo | 2,036 | ||
Flexible Savings-RP | 8,253 | ||
Stepup-RP | 96 | ||
Flexible Savings-RP-Emp | 2 | ||
Stock Market-RP | 811 | ||
RP-Stock1 | 366 | ||
RP-Stock2 | 82 | ||
Market Strategy-RP | 787 | ||
Transfers from accruals at anniversaries maintained in a separate reserve account | 19 | ||
$ | 46,112 | ||
F-125
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2017
(in thousands)
Part 2 - Descriptions of Additions to Reserves Charged to Other Accounts and Deductions from Reserves Credited to Other Accounts | Year Ended December 31, 2017 | ||
Other deductions represent: | |||
Transfers to optional settlement reserves: | |||
Single-Payment | $ | 6,571 | |
Transfers to reserves for additional credits and accrued interest thereon | (19 | ) | |
Flexible Savings | 21,769 | ||
Stepup | 153 | ||
Flexible Savings-Emp | 1 | ||
Cash Reserve-3mo | 5,927 | ||
Stock Market | 29 | ||
Stock1 | 9 | ||
Stock2 | 2 | ||
Market Strategy Cert | 39 | ||
RP-Q | 1 | ||
Cash Reserve-RP-3mo | 2,036 | ||
Flexible Savings-RP | 8,253 | ||
Stepup-RP | 96 | ||
Flexible Savings-RP-Emp | 2 | ||
Stock Market-RP | 811 | ||
RP-Stock1 | 366 | ||
RP-Stock2 | 82 | ||
Transfers to Federal tax withholding | (13 | ) | |
$ | 46,115 | ||
Due to unlocated certificate holders: | |||
Other additions represent: | |||
Amounts equivalent to payments due certificates holders who could not be located | $ | 91 | |
Other deductions represent: | |||
Payments to certificate holders credited to cash | $ | 178 |
F-126
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2017
(in thousands)
Part 3 - Information Regarding Installment Certificates | ||||||||||||||||||||||||||||||
MO’s Paid | Number of Accounts w/Certificate Holders | Amount of Maturity Value | Amount of Reserves | Deduction from Reserves Cash Surrenders Prior to Maturity Surrender | Other Deductions | |||||||||||||||||||||||||
2016 | 2017 | 2016 | 2017 | 2016 | 2017 | 2017 | 2017 | |||||||||||||||||||||||
1-12 | 137 | 109 | $ | 1,502 | $ | 1,383 | $ | 401 | $ | 593 | $ | 8 | $ | — | ||||||||||||||||
13-24 | 102 | 111 | 2,667 | 679 | 687 | 479 | 12 | — | ||||||||||||||||||||||
25-36 | 93 | 85 | 5,433 | 2,154 | 624 | 720 | 46 | — | ||||||||||||||||||||||
37-48 | 86 | 77 | 3,887 | 3,040 | 432 | 483 | 186 | — | ||||||||||||||||||||||
49-60 | 108 | 77 | 5,076 | 3,159 | 796 | 432 | 38 | — | ||||||||||||||||||||||
61-72 | 121 | 100 | 1,457 | 4,878 | 636 | 775 | 96 | — | ||||||||||||||||||||||
73-84 | 129 | 115 | 16,497 | 1,457 | 888 | 675 | 26 | — | ||||||||||||||||||||||
85-96 | 345 | 113 | 831 | 16,366 | 5,316 | 769 | 104 | — | ||||||||||||||||||||||
97-108 | 236 | 283 | 60 | 12 | 2,585 | 4,803 | 592 | — | ||||||||||||||||||||||
109-120 | 147 | 184 | — | — | 1,085 | 2,070 | 318 | — | ||||||||||||||||||||||
121-132 | 1 | — | — | — | 1 | — | 280 | — | ||||||||||||||||||||||
133-144 | — | 1 | — | — | — | 1 | — | — | ||||||||||||||||||||||
145-156 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
157-168 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
169-180 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
181-192 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
193-204 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
205-216 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
217-228 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
229-240 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
241-252 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
253-264 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
265-276 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
277-288 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
289-300 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
301-312 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
313-324 | 2 | — | 12 | — | 2 | — | — | — | ||||||||||||||||||||||
325-336 | — | 2 | — | 12 | — | 2 | — | — | ||||||||||||||||||||||
337-348 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
349-360 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
361-372 | 1 | — | 12 | — | 11 | — | — | — | ||||||||||||||||||||||
373-384 | — | 1 | — | 12 | — | 11 | — | — | ||||||||||||||||||||||
385-396 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
397-408 | 1 | — | 6 | — | 5 | — | — | — | ||||||||||||||||||||||
409-420 | — | 1 | — | 6 | — | 5 | — | — | ||||||||||||||||||||||
TOTAL - ALL SERIES | 1,509 | 1,259 | $ | 37,440 | $ | 33,158 | $ | 13,469 | $ | 11,818 | $ | 1,706 | $ | — |
F-127
Ameriprise Certificate Company
Schedule VII — Valuation and Qualifying Accounts
Years Ended December 31, 2019, 2018 and 2017
(in thousands)
Reserves deducted from assets to which they apply | Year Ended December 31, 2019 | ||||||||||
Balance at beginning of period | Change in reserves/ writedowns from 2018 to 2019 | Balance at end of period | |||||||||
Allowance for losses: | |||||||||||
Conventional first mortgage loans and other loans | $ | 3,120 | $ | (98 | ) | $ | 3,022 |
Reserves deducted from assets to which they apply | Year Ended December 31, 2018 | ||||||||||
Balance at beginning of period | Change in reserves/ writedowns from 2017 to 2018 | Balance at end of period | |||||||||
Allowance for losses: | |||||||||||
Conventional first mortgage loans and other loans | $ | 3,283 | $ | (163 | ) | $ | 3,120 |
Reserves deducted from assets to which they apply | Year Ended December 31, 2017 | ||||||||||
Balance at beginning of period | Change in reserves/ writedowns from 2016 to 2017 | Balance at end of period | |||||||||
Allowance for losses: | |||||||||||
Conventional first mortgage loans and other loans | $ | 3,283 | $ | — | $ | 3,283 |
F-128