AMP · 10-Q · 2026Q3 · Full report
Interest Rate Environment
AMERIPRISE FINANCIAL INC · 2026-10-30 · Importance 63 · Surprise 64 · In source text
During the nine months ended September 30, 2026, higher interest rates were the primary cause of increased gross unrealized losses on Available-for-Sale securities for which no credit-loss allowance was recorded. At September 30, 2026, those securities had $3,256 million of total gross unrealized losses, including $1,812 million on securities in a loss position for 12 months or more. Ameriprise determined the losses were due to non-credit factors and did not recognize them in earnings. The company said it did not intend to sell the securities and did not believe it would be required to sell them before recovery of their remaining amortized cost basis.
Key facts
- On June 9, 2026, Ameriprise Financial issued unsecured senior notes due June 15, 2031, at an interest rate of 4.80%. source
- On June 9, 2026, Ameriprise Financial issued unsecured senior notes due June 15, 2036, at an interest rate of 5.35%. source
- Ameriprise Financial’s unsecured committed revolving credit facility provides up to $1.0 billion and expires in November 2029; the facility may be increased to $1.25 billion subject to approval requirements. source
- Interest payments on both series of senior notes issued June 9, 2026 are due semi-annually on June 15 and December 15, beginning December 15, 2026. source
- Ameriprise Financial attributed the increase in gross unrealized losses on available-for-sale securities without a credit loss allowance during the nine months ended September 30, 2026 primarily to higher interest rates. source
- The remaining maturity of Ameriprise Financial’s outstanding FHLB advances was less than three months as of September 30, 2026 and December 31, 2025. source
- AMERIPRISE FINANCIAL INC's consolidated CLO debt had a weighted average interest rate of 4.9% as of September 30, 2026, compared with 5.1% as of December 31, 2025. source
- Ameriprise Financial enters into interest rate swaps to offset interest rate changes on unrealized gains or losses for certain investments. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | — | On June 9, 2026, Ameriprise Financial issued unsecured senior notes due June 15, 2031, at an interest rate of 4.80%. |
| liability | negative | realized | — | On June 9, 2026, Ameriprise Financial issued unsecured senior notes due June 15, 2031, at an interest rate of 4.80%. |
| net_income | negative | committed | — | On June 9, 2026, Ameriprise Financial issued unsecured senior notes due June 15, 2031, at an interest rate of 4.80%. |
| cash | positive | realized | — | On June 9, 2026, Ameriprise Financial issued unsecured senior notes due June 15, 2036, at an interest rate of 5.35%. |
| liability | negative | realized | — | On June 9, 2026, Ameriprise Financial issued unsecured senior notes due June 15, 2036, at an interest rate of 5.35%. |
| net_income | negative | committed | — | On June 9, 2026, Ameriprise Financial issued unsecured senior notes due June 15, 2036, at an interest rate of 5.35%. |