AMP · 10-Q · 2026Q2 · Full report

Interest Rate Environment

AMERIPRISE FINANCIAL INC · 2026-08-04 · Importance 40 · Surprise 56

Higher interest rates were the primary driver of increased gross unrealized losses on Ameriprise Financial’s Available-for-Sale securities during the six months ended June 30, 2026. Total fair value of securities in an unrealized-loss position increased to $31,109 million at June 30, 2026 from $19,749 million at December 31, 2025, while gross unrealized losses increased to $1,488 million from $1,269 million. Management determined that the losses were attributable to non-credit factors, did not recognize them in earnings, and stated that it did not intend or expect to be required to sell the securities before recovery of their remaining amortized cost basis.

Key facts

• A higher (lower) interest rate environment may result in decreases (increases) to the Company’s long-duration contract reserves, which may impact adjusted operating earnings after tax. source
• Weighted-average crediting rate for Variable Annuities was 3.3% and for Structured Variable Annuities was 1.8% as of June 30, 2026. source
• The debt of the consolidated CLOs has both fixed and floating interest rates which range from nil to 13.1%. source
• Management determined the increase in total gross unrealized losses on Available-for-Sale securities during the six months ended June 30, 2026 is primarily attributable to the impact of higher interest rates. source