AMP · 10-Q · 2026Q2 · Full report
Investment Portfolio Credit Quality
AMERIPRISE FINANCIAL INC · 2026-08-04 · Importance 42 · Surprise 40 · Contradicted
Available-for-Sale fixed maturity securities had a fair value of $54,382 million at June 30, 2026, compared with $53,591 million at December 31, 2025. Gross unrealized losses on securities without an allowance for credit losses increased to $1,488 million across $31,109 million of fair value, from $1,269 million across $19,749 million six months earlier. Management attributed the increase primarily to higher interest rates and did not recognize the losses in earnings because they were considered non-credit related. No issuer represented more than 10% of total equity at either reporting date.
Key facts
- Total fixed maturities amortized cost: $55,449 million and fair value: $54,382 million as of June 30, 2026. source
- AA rated fixed maturity amortized cost: $20,426 million and fair value: $20,032 million as of June 30, 2026. source
- As of June 30, 2026 the total fair value of Available-for-Sale securities with unrealized losses was $31,109 million and total unrealized losses were $(1,488) million. source
- As of December 31, 2025 the total fair value of Available-for-Sale securities with unrealized losses was $19,749 million and total unrealized losses were $(1,269) million. source
- Total Available-for-Sale securities amortized cost: $55,449 million and fair value: $54,382 million as of June 30, 2026. source
- AAA rated fixed maturity amortized cost: $18,154 million and fair value: $17,786 million as of June 30, 2026. source
- BBB rated fixed maturity amortized cost: $11,120 million and fair value: $10,897 million as of June 30, 2026. source
- Total assets at fair value as of June 30, 2026: $161,954 million (Level 1: $7,436 million; Level 2: $70,277 million; Level 3: $3,238 million). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +30.1% | Investments (allowance for credit losses not shown) as of June 30, 2026: $59,649 million. |
| assets | positive | realized | +27.5% | Available-for-Sale securities at fair value as of June 30, 2026: $54,382 million. |
| assets | positive | realized | +14.5% | Residential mortgage backed securities amortized cost as of June 30, 2026: $28,649 million and fair value $27,973 million. |
| assets | positive | realized | +0.2% | Carrying value of mortgage loans, net: $3,170 million as of June 30, 2026 and $2,824 million as of December 31, 2025; estimated fair value… |
| assets | negative | realized | -0.1% | As of June 30, 2026 the total fair value of Available-for-Sale securities with unrealized losses was $31,109 million and total unrealized… |