AMP · 10-Q · 2026Q2 · Full report

Market Risk Benefits

AMERIPRISE FINANCIAL INC · 2026-08-04 · Importance 35 · Surprise 48 · No source text

The net asset position of market risk benefits was $1,343 million at June 30, 2026, compared with $1,092 million at December 31, 2025. The gross asset position increased to $2,386 million from $2,274 million, while the liability position improved to negative $1,043 million from negative $1,182 million. Composite guaranteed benefits in excess of current account balances declined to $1,960 million from $2,084 million, while living-benefit net amount at risk declined to $1,689 million from $1,811 million. Changes in unrealized gains and losses relating to liabilities held at period-end included a $1,016 million loss for the three and six months ended June 30, 2026.

Key facts

• Net amount at risk for all products total was $56,937 million as of June 30, 2026 (listed in net amount at risk table). source
• Structured variable annuity embedded derivatives fair value (Level 3): $4,948 million as of June 30, 2026 and $3,879 million as of December 31, 2025. source
• The fair value of the structured variable annuity embedded derivatives as of June 30, 2026 included $4.9 billion of individual contracts in a liability position. source
• Guaranteed benefit amount in excess of current account balances composite was $1,960 million as of June 30, 2026 and $2,497 million as of December 31, 2025. source
• Market risk benefits classified as Level 3: $2,386 million of assets at fair value as of June 30, 2026 and $2,274 million as of December 31, 2025 (shown in Level 3 assets rows). source
• IUL embedded derivatives fair value (Level 3): $1,085 million as of June 30, 2026 and $1,042 million as of December 31, 2025. source
• Weighted average surrender rate for fixed deferred indexed annuity embedded derivatives: 10.0% (range 0.6%–92.3%) as of June 30, 2026 and 5.1% (range 0.5%–89.8%) as of December 31, 2025. source
• Living benefits guaranteed benefit amount in excess of current account balances was $1,689 million as of June 30, 2026 and $2,201 million as of December 31, 2025. source

Impact estimates