Table of Contents

 

 

 

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

** **

**FORM 10-K**

 

| **x** | **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, 2012**

** **

**or**

** **

| **o** | **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 o  No x

 

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 o  No x

 

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 x     No o

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files).  Yes x    Noo

 

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.  [Not applicable]

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

| Large Accelerated Filer o                     |   | Accelerated Filer o         |
|-----------------------------------------------|--------|-----------------------------|
|                                          |   |                        |
| Non-Accelerated Filer x                       |   | Smaller reporting company o |
| (Do not check if a smaller reporting company) |   |                        |

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes o  No x

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

 

| **Class**                                 | ** ** | **Outstanding at February 27, 2013** |
|-------------------------------------------|------------|----------------------------------------------------------|
| Common   Shares (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.

 

 

 

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**Form 10-K**

** **

**TABLE OF CONTENTS**

** **
| **Item Number** | ** **                                                                                                            | **Page**   |
|----------------------|-----------------------------------------------------------------------------------------------------------------------|------------|
| ** **           | ** **                                                                                                            | ** ** |
| **PART I**      |                                                                                                                  |       |
| ** **           |                                                                                                                  |       |
| 1.                   | Business                                                                                                              | 3          |
|                 |                                                                                                                  |       |
| 1A.                  | Risk Factors                                                                                                          | 5          |
|                 |                                                                                                                  |       |
| 1B.                  | Unresolved Staff Comments                                                                                             | 10         |
|                 |                                                                                                                  |       |
| 2.                   | Properties                                                                                                            | 10         |
|                 |                                                                                                                  |       |
| 3.                   | Legal Proceedings                                                                                                     | 10         |
|                 |                                                                                                                  |       |
| 4.                   | Mine Safety Disclosures                                                                                               | 10         |
|                 |                                                                                                                  |       |
| **PART II**     |                                                                                                                  |       |
| ** **           |                                                                                                                  |       |
| 5.                   | Market for   Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases   of Equity Securities | 11         |
|                 |                                                                                                                  |       |
| 6.                   | Selected Financial   Data                                                                                             | 11         |
|                 |                                                                                                                  |       |
| 7.                   | Management’s   Narrative Analysis                                                                                | 12         |
|                 |                                                                                                                  |       |
| 7A.                  | Quantitative   and Qualitative Disclosures About Market Risk                                                          | 15         |
|                 |                                                                                                                  |       |
| 8.                   | Financial   Statements and Supplementary Data                                                                         | 17         |
|                 |                                                                                                                  |       |
| 9.                   | Changes in   and Disagreements with Accountants on Accounting and Financial Disclosure                                | 17         |
|                 |                                                                                                                  |       |
| 9A.                  | Controls and   Procedures                                                                                             | 17         |
|                 |                                                                                                                  |       |
| 9B.                  | Other Information                                                                                                     | 17         |
| ** **           |                                                                                                                  |       |
| **PART III**    |                                                                                                                  |       |
|                 |                                                                                                                  |       |
| 10.                  | Directors,   Executive Officers and Corporate Governance                                                              | 17         |
|                 |                                                                                                                  |       |
| 11.                  | Executive   Compensation                                                                                              | 17         |
|                 |                                                                                                                  |       |
| 12.                  | Security   Ownership of Certain Beneficial Owners and Management and Related Stockholder   Matters                    | 17         |
|                 |                                                                                                                  |       |
| 13.                  | Certain   Relationships and Related Transactions, and Director Independence                                           | 17         |
|                 |                                                                                                                  |       |
| 14.                  | Principal   Accounting Fees and Services                                                                              | 17         |
| ** **           |                                                                                                                  |       |
| **PART IV**     |                                                                                                                  |       |
|                 |                                                                                                                  |       |
| 15.                  | Exhibits and   Financial Statement Schedules                                                                          | 18         |
|                 |                                                                                                                  |       |
|                 | Signatures                                                                                                            | 19         |
|                 |                                                                                                                  |       |
|                 | Index to Financial Statements and Schedules                                                                           | F-1        |
|                 |                                                                                                                  |       |
|                 | Exhibit Index                                                                                                    | E-1        |

 

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**PART I**

** **

**Item 1.  Business**

** **

**Overview**

 

Ameriprise Certificate Company (“ACC” or the “Company”) 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 more than 118 years of history providing clients with financial solutions.

 

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. ACC’s certificates are distributed and sold by Ameriprise Financial Services, Inc. (“AFSI”), an affiliate of ACC. AFSI 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, such certificates compete with many other products (including investments) offered by banks, savings and loan associations, mutual funds, 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. Unaffiliated third parties offer certain competing products which have demonstrated strong appeal to investors.

 

ACC re-launched the Cash Reserve Certificate product in the second quarter of 2012. This product offers clients higher liquidity than ACC’s other currently offered certificates.

** **

**Products**

 

As of the date of this report, ACC offers 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.

 

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 six, seven, 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 bears surrender charges for premature surrenders.

·                  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.

 

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·                  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.

 

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 bears surrender charges for premature surrenders.

·                  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 a fixed rate of 0.55% for new sales.

·                  Intended to help clients save systematically and may compete with passbook savings and NOW accounts.

 

4.              Ameriprise Market Strategy Certificate

 

·                  Single payment certificate that also permits additional payments, with a flexible yield, that pays interest at a fixed rate or that offers the certificate product owner the opportunity to have all or part of the certificate product returns tied to fifty-two week stock market performance, up to a maximum return, as measured by a broad stock market index, for a series of fifty-two week terms starting every month or at intervals the certificate product owner selects.

·                  Currently sold without a sales charge.

·                  Currently bears surrender charges for premature surrenders.

·                  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 prospective terms.

 

5.              Ameriprise Stock Market Certificate

 

·                  Single payment certificate that offers the certificate product owner the opportunity to have all or part of the certificate product returns tied to fifty-two week 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 bears surrender charges for premature surrenders.

·                  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 prospective terms.

 

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 thirty-six months. Interest crediting rates are subject to change and certificate product owners can surrender their certificates without penalty at term’s end. 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 withdrawals or maturity whether or not such certificates are available for new sales.

 

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**Distribution and Marketing Channels**

 

ACC’s certificates are offered solely by AFSI and sold pursuant to a distribution agreement which is terminable on sixty days’ notice and is subject to annual approval by ACC’s Board of Directors, including a majority of the directors who are not “interested persons” of AFSI or ACC as that term is defined in the 1940 Act. The distribution agreement provides for the payment of distribution fees to AFSI for services provided.

 

**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 AFSI, 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 (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 and commercial mortgage loans, U.S. government and government agency securities, municipal bonds, corporate bonds, common and preferred stocks, 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 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 State of Minnesota, Department of Commerce (Banking Division).

** **

**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. Based on information currently known, the following information identifies the material factors affecting ACC. 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. Many such factors of a global or localized nature include: political, social, economic and market conditions; the availability and cost of capital; the level and volatility of equity prices, commodity prices and interest rates, currency values and other market indices; technological changes and events; U.S. and foreign government fiscal and tax policies; the availability and cost of credit; inflation; investor sentiment and confidence in the financial markets; terrorism events and armed conflicts; and 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.

 

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 must offer higher crediting rates on existing face-amount certificates to remain competitive. 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 

 

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shift assets to products with perceived 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. These withdrawals and surrenders may 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 invest 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.

 

Significant downturns and volatility in equity markets may have, and have in the past had, 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.***

 

In July 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) was enacted into law. The Dodd-Frank Act calls for sweeping changes in the supervision and regulation of the financial 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. Certain elements of the Dodd-Frank Act became effective immediately, though the details of many provisions are subject to additional studies and will not be known until final rules are adopted by applicable regulatory agencies. The impact of the Dodd-Frank Act on ACC, the financial industry and the economy cannot be known until all such rules and regulations called for under the Dodd-Frank Act have been finalized, and, in some cases, implemented over time.

 

Accordingly, while certain elements of these reforms have yet to be finalized and implemented, 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 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 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.

 

***Changes in and the adoption of accounting standards could have a material impact on ACC’s financial statements.***

 

ACC prepares its financial statements in accordance with GAAP. From time to time, the Financial Accounting Standards Board (“FASB”), the SEC, and other regulators change the financial accounting and reporting standards governing the preparation of ACC’s financial statements. In some cases, ACC could be required to apply a new or revised standard retroactively, resulting in ACC restating prior period financial statements. These changes are difficult to predict, and it is possible that such changes could have a material effect on ACC’s financial condition and results of operations.

 

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***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, 2012, 9% 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, that could default on their debt obligations.

 

***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 fail to honor their obligations under the derivative instruments in a timely manner, ACC’s hedges of the related risk will be ineffective. That failure could have a material adverse effect on ACC’s financial condition and results of operations. This risk of failure of ACC’s hedge transactions from counterparty default may be increased by 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. Mortgage loans 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, 2012, mortgage loans and private placement fixed income securities that have been categorized as illiquid represented approximately 6% 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.

 

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***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 AFSI 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 AFSI. There can be no assurance that AFSI 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 AFSI 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.

*** ***

***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 changes to the laws and regulations applicable to ACC’s business, including incremental requirements, costs and risks imposed on ACC, may affect the operations and financial condition of ACC.

*** ***

***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 and 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; unethical behavior and the misconduct of employees, AFSI’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 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 our 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, AFSI, 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. It is also 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, and will 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.

*** ***

***ACC is subject to tax contingencies that could adversely affect its provision for income taxes.***

 

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.

 

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***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, 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 its employees from performing their roles or otherwise disturbing its ordinary business operations. 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 timing and frequency with which natural and man-made disasters and catastrophes may occur, nor can ACC predict the impact that changing climate conditions may have on the frequency and severity of natural disasters. As such, ACC cannot be sure that its actions to identify and mitigate the risks associated with such disasters and catastrophes will be effective.

*** ***

***Breaches of******security******or interference with ACC’s technology infrastructure could harm ACC’s business.***

 

The business of ACC and its affiliates is reliant upon technology systems and networks, including systems and networks managed by third parties, to process, transmit and store information and to conduct business activities and transactions with clients, AFSI’s advisors, vendors and other third parties. Maintaining the integrity of the systems and networks of ACC and its affiliates is critical to the success of ACC’s business operations, including the retention of clients, and to the protection of ACC’s proprietary information and ACC’s clients’ personal information. To date, ACC has not experienced any material breaches of or interference with its systems and networks, however, we routinely encounter and address such threats, including an increasing frequency of phishing scams, introductions of malware and unauthorized payment requests , Any such breaches or interference by third parties or by ACC’s employees that could in the future occur may have a material adverse impact on ACC’s business, financial condition or results of operations.

 

ACC and its affiliates have implemented and maintain security measures designed to protect against breaches of security and other interference with systems and networks resulting from attacks by third parties, including hackers, and from employee error or malfeasance. ACC and its affiliates also require third party vendors, who in the provision of services to ACC and its affiliates are provided with or process information pertaining to ACC’s business or its clients, to meet certain information security standards. The 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 cyber-security threats. As these threats, and government and regulatory oversight of associated risks, continue to evolve, we may be required to expend additional resources to enhance or expand upon the security measures ACC currently maintains.

 

Despite the measures ACC has taken and may in the future take to address and mitigate these risks, ACC cannot assure that the systems and networks of ACC and its affiliates will not be subject to breaches or interference. 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 our business. Even if ACC successfully protects its technology infrastructure and the confidentiality of sensitive data, ACC may incur significant expenses in connection with ACC’s responses to any such attacks as well as the adoption and maintenance of appropriate security measures. ACC could also suffer harm to its business and reputation if attempted security breaches are publicized. ACC cannot be certain that advances in criminal capabilities, discovery of new vulnerabilities, attempts to exploit vulnerabilities in ACC’s systems, 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 or network interruptions could delay and disrupt ACC’s ability to develop, deliver or maintain products and services, 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 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 

 

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fires, floods, earthquakes and other natural disasters, power losses, equipment failures, attacks by third parties, failures of internal or vendor software 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), 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 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 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 result, these methods may not accurately predict future exposures, which could be significantly greater than what ACC’s models indicate. 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 ACC’s employees and AFSI’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**

 

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. In addition, a number of state and federal regulatory agencies have initiated examinations and other inquiries related to unclaimed property and escheatment practices and procedures.  The Ameriprise organization has cooperated and will continue to cooperate with applicable regulators regarding their inquiries.

 

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 its financial condition or results of operations. However, it is possible that the outcome of any such proceedings could have a material impact on ACC’s financial position or results of operations.

 

**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 ACC’s 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/Returns**                 | ** ** | **Receipt of**     | ** ** |
|--------------------------------------------------|------------|---------------------------------------|------------|-------------------------|------------|
| ** **                                       | ** ** | **of Capital Paid to** | ** ** | **Capital from**   | ** ** |
| ** **                                       | ** ** | **Ameriprise Financial**         | ** ** | **AmeripriseFinancial** | ** ** |
| ** **                                       |       |                                  |       |                    |       |
| **For the year ended   December 31, 2012:** |       |                                  |       |                    |       |
| March 31, 2012                              |       | $                                     | 11         |                    | $          | — |   |
| September 30, 2012                          |       | —                                |       | 15                      |       |
| October 30, 2012                            |       | —                                |       | 5                       |       |
| November 29, 2012                           |       | —                                |       | 5                       |       |
| December 31, 2012                           |       | —                                |       | 12                      |       |
| Total                                            |       | $                                     | 11         |                    | $          | 37 |   |

 
| ** **                                       | ** ** | **Dividends/Returns**                 | ** ** | **Receipt of**           | ** ** |
|--------------------------------------------------|------------|---------------------------------------|------------|-------------------------------|------------|
| ** **                                       | ** ** | **of Capital Paid to** | ** ** | **Capital from**         | ** ** |
| ** **                                       | ** ** | **Ameriprise Financial**         | ** ** | **Ameriprise Financial** | ** ** |
| **For the year ended   December 31, 2011:** |       |                                  |       |                          |       |
| March 31, 2011                              |       | $                                     | 20         |                          | $          | — |   |
| June 30, 2011                               |       | 17                                    |       | —                        |       |
| September 30, 2011                          |       | 10                                    |       | —                        |       |
| December 31, 2011                           |       | 10                                    |       | —                        |       |
| Total                                            |       | $                                     | 57         |                          | $          | — |   |

 

Restriction on ACC’s present or future ability to pay dividends to Ameriprise Financial:

 

Certain series of installment certificate products outstanding provide that cash dividends may be paid by ACC only in calendar years for which additional credits of at least one-half of 1% on such series of certificates have been authorized by ACC. This restriction has been satisfied for 2012 and 2011 by ACC’s declaration of additional credits.

 

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 net certificate reserves (certificate reserves less 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” or the “Company”) 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-10 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 $20.8 million, or 59%, to $14.4 million for the year ended December 31, 2012 compared to $35.3 million for the prior year primarily due to other-than-temporary impairments on non-agency residential mortgage backed securities and a decrease in investment income as a result of lower average yields partially offset by decreases in investment expenses and net provision for certificate reserves. Results for the year ended December 31, 2012 included a $2.2 million increase to income tax expense for an out-of-period correction related to ACC’s deferred tax balance. Results for the year ended December 31, 2011 included a $3.9 million pretax benefit for revisions to certain accretion calculations in ACC’s valuation of mortgage backed and asset backed securities. Management has determined that the effect of these adjustments is immaterial to all current and prior periods presented.

 

Investment income decreased $21.2 million, or 19%, to $91.2 million for the year ended December 31, 2012 compared to $112.4 million for the prior year primarily due to lower average yields on invested assets. Investment income for the year ended December 31, 2011 included a $3.9 million pretax benefit for revisions to certain accretion calculations in ACC’s valuation of mortgage backed and asset backed securities.

 

Investment expenses decreased $3.8 million, or 15%, to $21.8 million for the year ended December 31, 2012 compared to $25.6 million for the prior year. This decrease is primarily due to lower distribution fees on Ameriprise Stock Market Certificates and Ameriprise Market Strategy Certificates as a result of lower fee rates which were effective October 25, 2011. In addition, in 2012 a majority of net inflows were in the Cash Reserve Certificate product which has a lower fee rate than other certificates offered.

 

Net provision for certificate reserves decreased $2.4 million, or 8%, to $28.9 million for the year ended December 31, 2012 compared to $31.3 million for the prior year primarily due to lower additional credits and interest authorized by ACC.

 

Net realized loss on investments before income taxes was $14.4 million for the year ended December 31, 2012 compared to $1.8 million for the prior year. Included in net realized investment losses for the year ended December 31, 2012 were other-than-temporary impairments of $15.0 million, which related primarily to credit losses on non-agency residential mortgage backed securities. For 2011, net realized loss on investments included other-than-temporary impairments of $6.9 million, which related primarily to credit losses on non-agency residential mortgage backed securities, partially offset by net realized gains from sales, tenders and calls of Available-for-Sale securities of $4.3 million and a $1.1 million decrease in the syndicated loan reserve.

 

The effective tax rate was 44.7% for the year ended December 31, 2012 compared to 34.2% for the year ended December 31, 2011. The increase in the effective tax rate from the prior year primarily represents the impact of the $2.2 million increase to income tax expense for an out-of-period correction related to ACC’s deferred tax balance in the fourth quarter of 2012.

 

It is possible there will be corporate tax reform in the next few years. While impossible to predict, corporate tax reform is likely to include a reduction in the corporate tax rate coupled with reductions in tax preferred items. Any changes could have a material impact on ACC’s income tax expense and the deferred tax balances.

 

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**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 9 to ACC’s Consolidated Financial Statements for additional information regarding ACC’s fair value measurements.

 

*Non-Agency Residential Mortgage Backed Securities Backed by Subprime, Alt-A or Prime Collateral*

 

Subprime mortgage lending is the origination of residential mortgage loans to customers with weak credit profiles. Alt-A mortgage lending is the origination of residential mortgage loans to customers who have credit ratings above subprime but may not conform to government-sponsored standards. Prime mortgage lending is the origination of residential mortgage loans to customers with good credit profiles. ACC has exposure to these types of loans predominantly through mortgage backed securities. The slowdown in the U.S. housing market, combined with relaxed underwriting standards by some originators, has led to higher delinquency and loss rates for some of these investments. Persistent market conditions have increased the likelihood of other-than-temporary impairments for certain non-agency residential mortgage backed securities. As a part of ACC’s risk management process, an internal rating system is used in conjunction with market data as the basis for analysis to assess the likelihood that ACC will not receive all contractual principal and interest payments for these investments. For the investments that are more at risk for impairment, ACC performs its own assessment of projected cash flows incorporating assumptions about default rates, prepayment speeds and loss severity to determine if an other-than-temporary impairment should be recognized.

 

The following table presents as of December 31, 2012, ACC’s non-agency residential mortgage backed securities backed by subprime, Alt-A or prime mortgage loans by credit rating and vintage year (in thousands):

 
| ** **              | ** ** | **AAA**       | ** ** | **AA**     | ** ** | **A**         | ** ** | **BBB**    | ** ** | **BB & Below** | ** ** | **Total**  | ** ** |
|-------------------------|------------|---------------|------------|------------|------------|---------------|------------|------------|------------|------------------------------|------------|------------|------------|
| ** **              | ** ** | **Amortized** | ** ** | **Fair**   | ** ** | **Amortized** | ** ** | **Fair**   | ** ** | **Amortized**                | ** ** | **Fair**   | ** ** | **Amortized** | ** ** | **Fair** | ** ** | **Amortized** | ** ** | **Fair** | ** ** | **Amortized** | ** ** | **Fair** | ** ** |
| ** **              | ** ** | **Cost**      | ** ** | **Value**  | ** ** | **Cost**      | ** ** | **Value**  | ** ** | **Cost**                     | ** ** | **Value**  | ** ** | **Cost** | ** ** | **Value** | ** ** | **Cost** | ** ** | **Value** | ** ** | **Cost** | ** ** | **Value** | ** ** |
| **Subprime**            | ** ** | ** **    | ** ** | ** ** | ** ** | ** **    | ** ** | ** ** | ** ** | ** **                   | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| 2003 &   prior |       | $             | —     |       | $          | —        |       | $          | 1,613      |                         | $          | 1,648      |       | $ | 5,871 |   | $ | 5,923 |   | $ | — |   | $ | — |   | $ | — |   | $ | — |   | $ | 7,484 |   | $ | 7,571 |   |
| 2004                    |       | 1,307         |       | 1,306      |       | 4,700         |       | 4,734      |       | 4,116                        |       | 4,224      |       | — |   | — |   | 5,356 |   | 5,025 |   | 15,479 |   | 15,289 |   |
| 2005                    |       | 1,248         |       | 1,262      |       | 5,456         |       | 5,725      |       | 6,127                        |       | 6,081      |       | — |   | — |   | 5,226 |   | 5,094 |   | 18,057 |   | 18,162 |   |
| 2006                    |       | —        |       | —     |       | —        |       | —     |       | 827                          |       | 834        |       | — |   | — |   | — |   | — |   | 827 |   | 834 |   |
| 2007                    |       | —        |       | —     |       | —        |       | —     |       | 676                          |       | 680        |       | — |   | — |   | — |   | — |   | 676 |   | 680 |   |
| Re-Remic(1)             |       | —        |       | —     |       | —        |       | —     |       | 2,329                        |       | 2,243      |       | 576 |   | 577 |   | — |   | — |   | 2,905 |   | 2,820 |   |
| Total   Subprime        |       | $             | 2,555      |       | $          | 2,568         |       | $          | 11,769     |                         | $          | 12,107     |       | $ | 19,946 |   | $ | 19,985 |   | $ | 576 |   | $ | 577 |   | $ | 10,582 |   | $ | 10,119 |   | $ | 45,428 |   | $ | 45,356 |   |
| ** **              | ** ** | ** **    | ** ** | ** ** | ** ** | ** **    | ** ** | ** ** | ** ** | ** **                   | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| **Alt-A**               | ** ** | ** **    | ** ** | ** ** | ** ** | ** **    | ** ** | ** ** | ** ** | ** **                   | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| 2003 &   prior |       | $             | —     |       | $          | —        |       | $          | —     |                         | $          | —     |       | $ | 988 |   | $ | 1,016 |   | $ | 1,658 |   | $ | 1,676 |   | $ | — |   | $ | — |   | $ | 2,646 |   | $ | 2,692 |   |
| 2004                    |       | —        |       | —     |       | —        |       | —     |       | 1,292                        |       | 1,308      |       | 2,594 |   | 2,484 |   | 22,014 |   | 17,461 |   | 25,900 |   | 21,253 |   |
| 2005                    |       | —        |       | —     |       | 1,185         |       | 1,191      |       | —                       |       | —     |       | — |   | — |   | 65,681 |   | 54,959 |   | 66,866 |   | 56,150 |   |
| 2006                    |       | —        |       | —     |       | —        |       | —     |       | —                       |       | —     |       | — |   | — |   | 16,959 |   | 15,004 |   | 16,959 |   | 15,004 |   |
| 2007                    |       | —        |       | —     |       | —        |       | —     |       | —                       |       | —     |       | — |   | — |   | 30,097 |   | 19,762 |   | 30,097 |   | 19,762 |   |
| 2010                    |       | 22,641        |       | 22,781     |       | —        |       | —     |       | —                       |       | —     |       | — |   | — |   | — |   | — |   | 22,641 |   | 22,781 |   |
| Re-Remic(1)             |       | 56,871        |       | 56,563     |       | —        |       | —     |       | 67,411                       |       | 67,503     |       | 12,304 |   | 12,333 |   | — |   | — |   | 136,586 |   | 136,399 |   |
| Total   Alt-A           |       | $             | 79,512     |       | $          | 79,344        |       | $          | 1,185      |                         | $          | 1,191      |       | $ | 69,691 |   | $ | 69,827 |   | $ | 16,556 |   | $ | 16,493 |   | $ | 134,751 |   | $ | 107,186 |   | $ | 301,695 |   | $ | 274,041 |   |
| ** **              | ** ** | ** **    | ** ** | ** ** | ** ** | ** **    | ** ** | ** ** | ** ** | ** **                   | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| **Prime**               | ** ** | ** **    | ** ** | ** ** | ** ** | ** **    | ** ** | ** ** | ** ** | ** **                   | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| 2003 &   prior |       | $             | —     |       | $          | —        |       | $          | 4,446      |                         | $          | 4,722      |       | $ | 43,228 |   | $ | 43,010 |   | $ | 3,248 |   | $ | 3,240 |   | $ | 4,286 |   | $ | 4,360 |   | $ | 55,208 |   | $ | 55,332 |   |
| 2004                    |       | —        |       | —     |       | 1,203         |       | 1,220      |       | 9,189                        |       | 9,097      |       | 14,636 |   | 14,727 |   | 55,513 |   | 45,353 |   | 80,541 |   | 70,397 |   |
| 2005                    |       | —        |       | —     |       | —        |       | —     |       | —                       |       | —     |       | 2,335 |   | 2,303 |   | 80,952 |   | 78,093 |   | 83,287 |   | 80,396 |   |
| 2006                    |       | —        |       | —     |       | —        |       | —     |       | —                       |       | —     |       | — |   | — |   | 2,486 |   | 2,213 |   | 2,486 |   | 2,213 |   |
| 2007                    |       | —        |       | —     |       | —        |       | —     |       | —                       |       | —     |       | — |   | — |   | 14,803 |   | 14,823 |   | 14,803 |   | 14,823 |   |
| Re-Remic(1)             |       | 167,128       |       | 168,182    |       | 24,370        |       | 24,922     |       | 328,669                      |       | 331,767    |       | — |   | — |   | — |   | — |   | 520,167 |   | 524,871 |   |
| Total   Prime           |       | $             | 167,128    |       | $          | 168,182       |       | $          | 30,019     |                         | $          | 30,864     |       | $ | 381,086 |   | $ | 383,874 |   | $ | 20,219 |   | $ | 20,270 |   | $ | 158,040 |   | $ | 144,842 |   | $ | 756,492 |   | $ | 748,032 |   |
|                    |       |          |       |       |       |          |       |       |       |                         |       |       |       |   |   |   |   |   |   |   |   |   |   |   |   |
| **Grand Total**         |       | $             | 249,195    |       | $          | 250,094       |       | $          | 42,973     |                         | $          | 44,162     |       | $ | 470,723 |   | $ | 473,686 |   | $ | 37,351 |   | $ | 37,340 |   | $ | 303,373 |   | $ | 262,147 |   | $ | 1,103,615 |   | $ | 1,067,429 |   |

 

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(1)         Re-Remics of mortgage backed securities are prior vintages with cash flows structured into senior and subordinated bonds. Credit enhancement has been increased through the Re-Remic process on the securities ACC owns. 

 

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*European Exposure*

 

ACC has no European sovereign debt holdings as of December 31, 2012. The following table presents, as of December 31, 2012, ACC’s exposure to European corporate debt by country:

 
|                    |   | **Amortized**                            |    | **Fair**  |   | **%   of Invested** |   |
|-------------------------|--------|------------------------------------------|---------|-----------|--------|---------------------|--------|
|                    |   | **Cost**                                 |    | **Value** |   | **Assets****(1)**   |   |
|                    |   | **(in   thousands, except percentages)** |    |
| Greece                  |   | $                                        | —  |      | $      | —              |   | — |   |
| Italy                   |   | —                                   |    | —    |   | —              |   |
| Ireland                 |   | —                                   |    | —    |   | —              |   |
| Portugal                |   | —                                   |    | —    |   | —              |   |
| Spain                   |   | 4,497                                    |    | 4,623     |   | 0.1                 | %      |
| **Subtotal**            |   | 4,497                                    |    | 4,623     |   | 0.1                 | %      |
| Other European exposure |   | 117,524                                  |    | 120,377   |   | 3.3                 | %      |
| **Total**               |   | $                                        | 122,021 |      | $      | 125,000             |   | 3.4 | % |

 

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(1) Invested assets include cash equivalents and investments. 

 

The corporate debt holding in Spain is in telecommunications. The corporate debt holdings in other European countries are multinational companies concentrated in utilities and non-cyclical industrials. ACC has no exposure to deeply subordinated instruments. ACC does not hedge its European exposure and ACC has no unfunded commitments related to its European debt holdings as of December 31, 2012.

 

**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, including that of ACC. ACC’s Board of Directors has appointed FRMC as the investment committee of ACC. 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 intermediate term 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 table presents ACC’s estimate of the pretax impact of these hypothetical market movements as of December 31, 2012:

 
| ** **                                                           | ** ** | **Interest Rate Exposure to Pretax Income** | ** ** |
|----------------------------------------------------------------------|------------|----------------------------------------------------------------------|------------|
| **Interest Rate Increase 100 Basis Points** | ** ** | **Before Hedge Impact**                                    | ** ** | **Hedge Impact** | ** ** | **Net Impact** | ** ** |
| ** **                                                           | ** ** | **(in thousands)**                                              | ** ** |
| Certificates                                                         |       | $                                                                    | (502       | ) | N/A |   | $ | (502 | ) |
|                                                                      |            |                                                                      |            |  |  |  |  |  |  |

 
|                         |   | **Equity   Price Exposure to Pretax Income** |   |
|------------------------------|--------|----------------------------------------------|--------|
| **Equity Price Decline 10%** |   | **Before   Hedge Impact**                    |   | **Hedge   Impact** |   | **Net   Impact** |   |
|                         |   | **(in   thousands)**                         |   |
| Certificates                 |   | $                                            | 4,382  |   | $ | (4,392 | ) | $ | (10 | ) |
|                              |        |                                              |        |  |  |  |  |  |  |  |

 

N/A  Not Applicable.

 

At December 31, 2012, aggregating ACC’s exposure from all sources of interest rate risk, ACC estimates a negative impact of $0.5 million on pretax income for the 12 month period if, hypothetically, interest rates had increased by 100 basis points and remained at that level for 12 months. This compares with an estimate of a negative impact of $5.3 million on pretax income for the 12 month period following a hypothetical 100 basis point increase in interest rates at December 31, 2011. The reduction in sensitivity is driven primarily by improved modeling.

 

At December 31, 2012, aggregating ACC’s exposure from all sources of equity price risk, net of hedging, ACC estimates a negative impact of $10 thousand on pretax income for the 12 month period if, hypothetically, equity markets had declined by 10% and remained at that level for 12 months. This compares with an estimate of a negative impact of $6 thousand on pretax income for the 12 month period following a hypothetical 10% drop in equity markets at December 31, 2011.

 

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 changes in client preferences for different types of assets or other changes in client behavior, nor has ACC tried to anticipate actions management might take to increase revenues or reduce expenses in these scenarios.

 

15

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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 thirty-six months. ACC guarantees an interest rate to the holders of these products. Payments collected from clients are primarily invested in fixed rate 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 not currently hedged although ACC monitors its investment strategy and makes modifications based on changing liabilities and the expected interest rate environment. ACC had $2.8 billion in reserves included in certificate reserves on the Consolidated Balance Sheet at December 31, 2012 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 which can be extended to a maximum of 20 years. 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 $674.1 million in reserves included in certificate reserves on the Consolidated Balance Sheet at December 31, 2012 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.

 

16

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**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, 2012.

** **

**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, 2012 and 2011. The Board of Directors of ACC had previously appointed Ernst & Young LLP (“Ernst & Young”) as independent registered public accountants to audit the consolidated financial statements of ACC for the year ended December 31, 2010.

 

17

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**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 $120,000 for both 2012 and 2011.

** **

**Audit-Related Fees**

 

ACC was not billed by PwC for any fees for audit-related services for 2012 or 2011.

** **

**Tax Fees**

 

ACC was not billed by PwC for any tax fees for 2012 or 2011.

** **

**All Other Fees**

 

ACC was not billed by PwC for any other fees for 2012 or 2011.

** **

**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. Certain exceptions apply to the pre-approval requirement.

 

In 2012 and 2011, 100% of the services provided by PwC for ACC were pre-approved by the Audit Committee of Ameriprise Financial.

** **

**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:                                                                            |
|   |                                                                                    |
|   | See Exhibit Index on page E-1 hereof.                                         |

 

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**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.

 
| REGISTRANT       | AMERIPRISE   CERTIFICATE COMPANY                               |   |
|------------------|----------------------------------------------------------------|--------|
|             |                                                           |   |
| BY               | /s/   Abu M. Arif                                              |   |
| NAME   AND TITLE | Abu   M. Arif, Director, President and Chief Executive Officer |
|             | (Principal   Executive Officer)                                |
| DATE             | February 27,   2013                                       |   |
|                  |                                                                |        |  |

 

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.

 
| BY               | /s/   Abu M. Arif                                                           |   |
|------------------|-----------------------------------------------------------------------------|--------|
| NAME   AND TITLE | Abu   M. Arif, Director, President and Chief Executive Officer              |
|             | (Principal   Executive Officer)                                             |
| DATE             | February 27,   2013                                                    |   |
|             |                                                                        |   |
| BY               | /s/   Ross P. Palacios                                                      |   |
| NAME   AND TITLE | Ross   P. Palacios, Vice President and Chief Financial Officer              |
|             | (Principal   Financial Officer)                                             |
| DATE             | February 27,   2013                                                    |   |
|             |                                                                        |   |
| BY               | /s/   David K. Stewart                                                      |   |
| NAME   AND TITLE | David   K. Stewart, Vice President, Controller and Chief Accounting Officer |
|             | (Principal   Accounting Officer)                                            |
| DATE             | February 27,   2013                                                    |   |
|             |                                                                        |   |
| BY               | /s/   Jean B. Keffeler*                                                     |   |
| NAME   AND TITLE | Jean   B. Keffeler, Director                                                |   |
| DATE             | February 27,   2013                                                    |   |
|             |                                                                        |   |
| BY               | /s/   Karen M. Bohn*                                                        |   |
| NAME   AND TITLE | Karen   M. Bohn, Director                                                   |   |
| DATE             | February 27,   2013                                                    |   |
|             |                                                                        |   |
| BY               | /s/   Lorna P. Gleason*                                                     |   |
| NAME   AND TITLE | Lorna   P. Gleason, Director                                                |   |
| DATE             | February 27,   2013                                                    |   |
|             |                                                                        |   |
| BY               | /s/   Robert McReavy*                                                       |   |
| NAME   AND TITLE | Robert   McReavy, Director                                                  |   |
| DATE             | February 27,   2013                                                    |   |

 

 
| *By   | /s/   Abu M. Arif |   |
|-------|-------------------|--------|
| Name: | Abu   M. Arif     |   |

 

Executed by Abu M. Arif on behalf of Jean B. Keffeler, Karen M. Bohn, Lorna P. Gleason and Robert McReavy pursuant to a Power of Attorney, dated February 27, 2013, filed electronically herewith as Exhibit 24(a) to Registrant’s Form 10-K.

 

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**Index to Consolidated Financial Statements and Schedules**

 
| **Consolidated Financial   Statements:** |                                                                                                            |
|------------------------------------------|-----------------------------------------------------------------------------------------------------------------|
| ** **                               |                                                                                                            |
| Part I.                             | Financial   Information:                                                                                        |   |
| Item   1.                                | Consolidated   Financial Statements                                                                             |   |
|                                     | Reports   of Independent Registered Public Accounting Firms                                                     | F-2 |
|                                     | Consolidated   Statements of Operations — Years ended December 31, 2012, 2011 and 2010                | F-4 |
|                                     | Consolidated   Statements of Comprehensive Income — Years ended December 31, 2012, 2011   and 2010    | F-5 |
|                                     | Consolidated   Balance Sheets — December 31, 2012 and 2011                                            | F-6 |
|                                     | Consolidated Statements of Shareholder’s Equity —   Years ended December 31, 2012, 2011 and 2010 | F-8 |
|                                     | Consolidated Statements of Cash Flows — Years ended   December 31, 2012, 2011 and 2010                | F-9 |
|                                     | Notes   to Consolidated Financial Statements                                                                    | F-10 |
|                                     |                                                                                                            |   |
| Part II.                            |                                                                                                            |
| **Schedule No.:**                        |                                                                                                            |
| ** **                               |                                                                                                            |
|                                     | Consolidated****Financial Schedules:                                                                            |   |
| I                                        | Investments in Securities of Unaffiliated Issuers,   December 31, 2012                                     | F-31 |
| III                                      | Mortgage   Loans on Real Estate and Interest earned on Mortgages, Years ended   December 31, 2012 and 2011 | F-41 |
| IV                                       | Real Estate Owned, Years ended December 31, 2012   and 2011                                                | F-45 |
| V                                        | Qualified   Assets on Deposit, December 31, 2012                                                           | F-46 |
| VI                                       | Certificate   Reserves, Years ended December 31, 2012, 2011 and 2010                                       | F-47 |
| VII                                      | Valuation and Qualifying Accounts, Years ended   December 31, 2012, 2011 and 2010                          | F-65 |

 

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

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**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

 

To the Board of Directors and Shareholder of Ameriprise Certificate Company:

 

We have audited the accompanying consolidated balance sheets of Ameriprise Certificate Company (a wholly owned subsidiary of Ameriprise Financial, Inc.) (the “Company”) as of December 31, 2012 and 2011 and the related consolidated statements of operations, comprehensive income, shareholder’s equity, and cash flows for the years ended December 31, 2012 and 2011. Our audits also included the consolidated financial statement schedules for 2012 and 2011 listed in the index appearing under Item 15(a)(1). These financial statements and financial statement schedules are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

 

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Ameriprise Certificate Company at December 31, 2012 and 2011, and the results of its operations and its cash flows for the years ended December 31, 2012 and 2011 in conformity with accounting principles generally accepted in the United States of America. In addition, in our opinion, the financial statement schedules for 2012 and 2011 present fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated****financial statements.

 

 

/s/ PricewaterhouseCoopers LLP

 

Minneapolis, Minnesota

February 27, 2013

 

F-2

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Table of Contents

 

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

 

The Board of Directors and Shareholder of Ameriprise Certificate Company

 

We have audited the accompanying consolidated statements of operations, comprehensive income, shareholder’s equity, and cash flows of Ameriprise Certificate Company (a wholly owned subsidiary of Ameriprise Financial, Inc.) (the Company) for the year ended December 31, 2010. Our audit also included the consolidated financial statement schedules for the year ended December 31, 2010 listed in the Index at Item 15(a). These consolidated financial statements and schedules are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements and schedules based on our audit.

 

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Company’s internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, 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. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation.  We believe that our audit provides a reasonable basis for our opinion.

 

In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated results of Ameriprise Certificate Company’s operations and its cash flows for the year ended December 31, 2010, in conformity with U.S. generally accepted accounting principles. Also, in our opinion, the related consolidated financial statement schedules for the year ended December 31, 2010, when considered in relation to the basic consolidated financial statements taken as a whole, present fairly, in all material respects, the information set forth therein.

 

 

/s/ Ernst & Young LLP

 

Minneapolis, Minnesota

February 23, 2011

 

F-3

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**AMERIPRISE CERTIFICATE COMPANY**

**CONSOLIDATED STATEMENTS OF OPERATIONS**

 
| ** **                                                                                   | ** ** | **Years Ended December 31,** | ** ** |
|----------------------------------------------------------------------------------------------|------------|---------------------------------------------|------------|
| ** **                                                                                   | ** ** | **2012**                                    | ** ** | **2011** | ** ** | **2010** | ** ** |
| ** **                                                                                   | ** ** | **(in thousands)**                     | ** ** |
| **Investment Income**                                                                        |       |                                        |       |   |   |   |   |
| Interest income from unaffiliated investments:                                               |       |                                        |       |   |   |   |   |
| Available-for-Sale securities                                                                |       | $                                           | 82,246     |   | $ | 101,520 |   | $ | 137,914 |   |
| Syndicated loans and commercial mortgage loans                                               |       | 7,796                                       |       | 9,323 |   | 13,045 |   |
| Certificate loans                                                                            |       | 119                                         |       | 159 |   | 235 |   |
| Dividends                                                                                    |       | 58                                          |       | 151 |   | 975 |   |
| Other                                                                                        |       | 977                                         |       | 1,203 |   | 1,800 |   |
| Total investment income                                                                      |       | 91,196                                      |       | 112,356 |   | 153,969 |   |
| **Investment Expenses**                                                                      |       |                                        |       |   |   |   |   |
| Ameriprise Financial and affiliated company fees:                                            |       |                                        |       |   |   |   |   |
| Distribution                                                                                 |       | 9,614                                       |       | 12,240 |   | 14,675 |   |
| Investment advisory and services                                                             |       | 6,917                                       |       | 7,082 |   | 8,607 |   |
| Transfer agent                                                                               |       | 3,773                                       |       | 4,233 |   | 5,051 |   |
| Depository                                                                                   |       | 44                                          |       | 70 |   | 106 |   |
| Other                                                                                        |       | 1,492                                       |       | 2,011 |   | 1,655 |   |
| Total investment expenses                                                                    |       | 21,840                                      |       | 25,636 |   | 30,094 |   |
| ** **                                                                                   |       |                                        |       |   |   |   |   |
| **Net investment income before   provision for certificate reserves and income tax expense** |       | 69,356                                      |       | 86,720 |   | 123,875 |   |
| ** **                                                                                   |       |                                        |       |   |   |   |   |
| **Provision for Certificate   Reserves**                                                     |       |                                        |       |   |   |   |   |
| According to the terms of the certificates:                                                  |       |                                        |       |   |   |   |   |
| Provision for certificate reserves                                                           |       | 1,083                                       |       | 1,254 |   | 1,725 |   |
| Interest on additional credits                                                               |       | 59                                          |       | 73 |   | 102 |   |
| Interest on advance payments                                                                 |       | —                                      |       | 1 |   | 3 |   |
| Additional credits/interest authorized by ACC                                                |       | 28,427                                      |       | 30,844 |   | 51,319 |   |
| Total provision for certificate reserves before   reserve recoveries                         |       | 29,569                                      |       | 32,172 |   | 53,149 |   |
| Reserve recoveries from terminations prior to   maturity                                     |       | (652                                        | )          | (837 | ) | (971 | ) |
| Net provision for certificate reserves                                                       |       | 28,917                                      |       | 31,335 |   | 52,178 |   |
| ** **                                                                                   |       |                                        |       |   |   |   |   |
| **Net investment income before   income tax expense**                                        |       | 40,439                                      |       | 55,385 |   | 71,697 |   |
| Income tax expense                                                                           |       | 16,669                                      |       | 18,965 |   | 25,915 |   |
| Net investment income                                                                        |       | 23,770                                      |       | 36,420 |   | 45,782 |   |
| ** **                                                                                   |       |                                        |       |   |   |   |   |
| **Net realized gain (loss) on   investments**                                                |       |                                        |       |   |   |   |   |
| Securities of unaffiliated issuers before income   tax expense (benefit)                     |       | (14,409                                     | )          | (1,797 | ) | 7,115 |   |
| Income tax expense (benefit)                                                                 |       | (5,043                                      | )          | (629 | ) | 2,490 |   |
| Net realized gain (loss) on investments                                                      |       | (9,366                                      | )          | (1,168 | ) | 4,625 |   |
| ** **                                                                                   |       |                                        |       |   |   |   |   |   |   |   |
| **Net income**                                                                               |       | $                                           | 14,404     |   | $ | 35,252 |   | $ | 50,407 |   |
| Supplemental Disclosures:                                                                    |       |                                        |       |   |   |   |   |
| Total other-than-temporary impairment losses on   securities                                 |       | $                                           | (14,165    | ) | $ | (24,921 | ) | $ | (11,364 | ) |
| Portion of loss recognized in other comprehensive   income (before taxes)                    |       | (847                                        | )          | 17,989 |   | 8,739 |   |
| Net impairment losses recognized in net realized   gain (loss) on investments                |       | $                                           | (15,012    | ) | $ | (6,932 | ) | $ | (2,625 | ) |

 

*See Notes to Consolidated Financial Statements.*

 

F-4

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**AMERIPRISE CERTIFICATE COMPANY**

**CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME**

 
| ** **                                                                 | ** ** | **Years Ended December 31,** | ** ** |
|----------------------------------------------------------------------------|------------|---------------------------------------------|------------|
| ** **                                                                 | ** ** | **2012**                                    | ** ** | **2011** | ** ** | **2010** | ** ** |
| ** **                                                                 | ** ** | **(in thousands)**                     | ** ** |
| Net income                                                                 |       | $                                           | 14,404     |   | $ | 35,252 |   | $ | 50,407 |   |
| Other comprehensive income (loss), net of tax:                             |       |                                        |       |   |   |   |   |
| Net unrealized gains (losses) on securities:                               |       |                                        |       |   |   |   |   |
| Net unrealized securities gains (losses) arising   during the period       |       | 43,096                                      |       | (27,785 | ) | 29,099 |   |
| Reclassification of net securities (gains) losses   included in net income |       | 9,368                                       |       | 1,711 |   | (2,210 | ) |
| Total other comprehensive income (loss), net of   tax                      |       | 52,464                                      |       | (26,074 | ) | 26,889 |   |
| Total comprehensive income                                                 |       | $                                           | 66,868     |   | $ | 9,178 |   | $ | 77,296 |   |

 

*See Notes to Consolidated Financial Statements.*

 

F-5

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Table of Contents

 

**AMERIPRISE CERTIFICATE COMPANY**

**CONSOLIDATED BALANCE SHEETS**

 
| ** **                                                                                                                                                           | ** ** | **December 31,**                                     | ** ** |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|-----------------------------------------------------------|------------|
| ** **                                                                                                                                                           | ** ** | **2012**                                                  | ** ** | **2011** | ** ** |
| ** **                                                                                                                                                           | ** ** | **(in thousands, except share data)** | ** ** |
| **ASSETS**                                                                                                                                                           | ** ** | ** **                                                | ** ** | ** ** | ** ** |
| **Qualified Assets**                                                                                                                                                 | ** ** | ** **                                                | ** ** | ** ** | ** ** |
| Investments in unaffiliated issuers:                                                                                                                                 |       |                                                      |       |   |   |
| Cash and cash equivalents                                                                                                                                            |       | $                                                         | 89,232     |   | $ | 74,498 |   |
| Available-for-Sale securities:                                                                                                                                       |       |                                                      |       |   |   |
| Fixed maturities, at fair value (amortized cost:   2012, $3,418,374; 2011, $2,644,239)                                                                               |       | 3,424,910                                                 |       | 2,568,896 |   |
| Common stocks, at fair value (cost: 2012, $2,204;   2011, $1,327)                                                                                                    |       | 4,094                                                     |       | 2,355 |   |
| Commercial mortgage loans and syndicated loans, at   cost (less allowance for loan losses: 2012, $5,660; 2011, $6,739; fair value:   2012, $156,730; 2011, $174,545) |       | 150,813                                                   |       | 169,828 |   |
| Certificate loans — secured by certificate   reserves, at cost, which approximates fair value                                                                   |       | 1,886                                                     |       | 2,498 |   |
| Real estate owned, at fair value less cost to sell                                                                                                                   |       | 1,927                                                     |       | 1,749 |   |
| Total investments                                                                                                                                                    |       | 3,672,862                                                 |       | 2,819,824 |   |
|                                                                                                                                                                 |       |                                                      |       |   |   |
| Receivables:                                                                                                                                                         |       |                                                      |       |   |   |
| Dividends and interest                                                                                                                                               |       | 16,709                                                    |       | 13,807 |   |
| Investment securities sold                                                                                                                                           |       | 3,696                                                     |       | 12,806 |   |
| Other receivables                                                                                                                                                    |       | 10                                                        |       | 37 |   |
| Total receivables                                                                                                                                                    |       | 20,415                                                    |       | 26,650 |   |
|                                                                                                                                                                 |       |                                                      |       |   |   |
| Equity derivatives, purchased                                                                                                                                        |       | 37,003                                                    |       | 34,393 |   |
| Total qualified assets                                                                                                                                               |       | 3,730,280                                                 |       | 2,880,867 |   |
| ** **                                                                                                                                                           |       |                                                      |       |   |   |
| **Other Assets**                                                                                                                                                     |       |                                                      |       |   |   |
| Deferred taxes, net                                                                                                                                                  |       | 22,070                                                    |       | 59,218 |   |
| Current taxes receivable from parent                                                                                                                                 |       | 1,383                                                     |       | — |   |
| Total other assets                                                                                                                                                   |       | 23,453                                                    |       | 59,218 |   |
| Total assets                                                                                                                                                         |       | $                                                         | 3,753,733  |   | $ | 2,940,085 |   |

 

*See Notes to Consolidated Financial Statements.*

 

F-6

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Table of Contents

 

**AMERIPRISE CERTIFICATE COMPANY**

**CONSOLIDATED BALANCE SHEETS (Continued)**

 
| ** **                                                            | ** ** | **December 31,**                                     | ** ** |
|-----------------------------------------------------------------------|------------|-----------------------------------------------------------|------------|
| ** **                                                            | ** ** | **2012**                                                  | ** ** | **2011** | ** ** |
| ** **                                                            | ** ** | **(in thousands, except share data)** | ** ** |
| **LIABILITIES AND SHAREHOLDER’S   EQUITY**                       | ** ** | ** **                                                | ** ** | ** ** | ** ** |
| **Liabilities**                                                       | ** ** | ** **                                                | ** ** | ** ** | ** ** |
| Certificate reserves                                                  | ** ** | ** **                                                | ** ** | ** ** | ** ** |
| Installment certificates:                                             | ** ** | ** **                                                | ** ** | ** ** | ** ** |
| Reserves to mature                                                    |       | $                                                         | 28,187     |   | $ | 32,589 |   |
| Additional credits and accrued interest                               |       | 241                                                       |       | 299 |   |
| Fully paid certificates:                                              |       |                                                      |       |   |   |
| Reserves to mature                                                    |       | 3,476,054                                                 |       | 2,738,491 |   |
| Additional credits and accrued interest                               |       | 7,419                                                     |       | 5,207 |   |
| Due to unlocated certificate holders                                  |       | 94                                                        |       | 139 |   |
| Total certificate reserves                                            |       | 3,511,995                                                 |       | 2,776,725 |   |
|                                                                  |       |                                                      |       |   |   |
| Accounts payable and accrued liabilities:                             |       |                                                      |       |   |   |
| Due to related party                                                  |       | 201                                                       |       | 142 |   |
| Current taxes payable to parent                                       |       | —                                                    |       | 12,237 |   |
| Payable for investment securities purchased                           |       | 1,084                                                     |       | 11 |   |
| Total accounts payable and accrued liabilities                        |       | 1,285                                                     |       | 12,390 |   |
|                                                                  |       |                                                      |       |   |   |
| Equity derivatives, written                                           |       | 29,532                                                    |       | 28,979 |   |
| Other liabilities                                                     |       | 3,381                                                     |       | 7,319 |   |
| Total liabilities                                                     |       | 3,546,193                                                 |       | 2,825,413 |   |
| ** **                                                            |       |                                                      |       |   |   |
| **Shareholder’s Equity**                                         |       |                                                      |       |   |   |
| Common shares ($10 par value, 150,000 shares   authorized and issued) |       | 1,500                                                     |       | 1,500 |   |
| Additional paid-in capital                                            |       | 191,517                                                   |       | 160,250 |   |
| Retained earnings:                                                    |       |                                                      |       |   |   |
| Appropriated for additional interest on advance   payments            |       | 15                                                        |       | 15 |   |
| Unappropriated                                                        |       | 9,137                                                     |       | — |   |
| Accumulated other comprehensive income (loss), net   of tax           |       | 5,371                                                     |       | (47,093 | ) |
| Total shareholder’s equity                                       |       | 207,540                                                   |       | 114,672 |   |
|                                                                  |       |                                                      |       |   |   |   |   |
| Total liabilities and shareholder’s equity                       |       | $                                                         | 3,753,733  |   | $ | 2,940,085 |   |

 

*See Notes to Consolidated Financial Statements.*

 

F-7

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Table of Contents

 

**AMERIPRISE CERTIFICATE COMPANY**

**CONSOLIDATED STATEMENTS OF SHAREHOLDER’S EQUITY**

 
| ** **                             | ** ** | ** **                                                | ** ** | ** ** | ** ** | ** **     | ** ** | **Retained Earnings**     | ** ** | ** **         | ** ** | ** **               | ** ** |
|----------------------------------------|------------|-----------------------------------------------------------|------------|------------|------------|----------------|------------|--------------------------------|------------|--------------------|------------|--------------------------|------------|
| ** **                             | ** ** | ** **                                                | ** ** | ** ** | ** ** | ** **     | ** ** | **(Accumulated Deficit)** | ** ** | ** **         | ** ** | ** **               | ** ** |
| ** **                             | ** ** | ** **                                                | ** ** | ** ** | ** ** | ** **     | ** ** | **Appropriated**               | ** ** | ** **         | ** ** | ** **               | ** ** | ** ** | ** ** |
| ** **                             | ** ** | ** **                                                | ** ** | ** ** | ** ** | ** **     | ** ** | **for**                        | ** ** | ** **         | ** ** | **Accumulated**          | ** ** | ** ** | ** ** |
| ** **                             | ** ** | ** **                                                | ** ** | ** ** | ** ** | ** **     | ** ** | **Additional**                 | ** ** | ** **         | ** ** | **Other**                | ** ** | ** ** | ** ** |
| ** **                             | ** ** | **Number of**                                        | ** ** | ** ** | ** ** | **Additional** | ** ** | **Interest on**           | ** ** | ** **         | ** ** | **Comprehensive**        | ** ** | ** ** | ** ** |
| ** **                             | ** ** | **Outstanding**                                           | ** ** | **Common** | ** ** | **Paid-In**    | ** ** | **Advance**                    | ** ** | ** **         | ** ** | **Income (Loss),**  | ** ** | ** ** | ** ** |
| ** **                             | ** ** | **Shares**                                                | ** ** | **Shares** | ** ** | **Capital**    | ** ** | **Payments**                   | ** ** | **Unappropriated** | ** ** | **Net of Tax** | ** ** | **Total** | ** ** |
| ** **                             | ** ** | **(in thousands, except share data)** | ** ** |
| **Balance at January 1, 2010**    |       | 150,000                                                   |       | $          | 1,500      |           | $          | 297,964                        |       | $                  | 15         |                     | $          | (6,373 | ) | $ | (47,908 | ) | $ | 245,198 |   |
| Comprehensive income:                  |       |                                                      |       |       |       |           |       |                           |       |               |       |                     |       |   |   |
| Net income                             |       | —                                                    |       | —     |       | —         |       | —                         |       | 50,407             |       | —                   |       | 50,407 |   |
| Other comprehensive income, net of tax |       | —                                                    |       | —     |       | —         |       | —                         |       | —             |       | 26,889                   |       | 26,889 |   |
| Total comprehensive income             |       |                                                      |       |       |       |           |       |                           |       |               |       |                     |       | 77,296 |   |
| Dividend/return of capital to parent   |       | —                                                    |       | —     |       | (115,966       | )          | —                         |       | (44,034            | )          | —                   |       | (160,000 | ) |
| **Balance at December 31, 2010**  |       | 150,000                                                   |       | 1,500      |       | 181,998        |       | 15                             |       | —             |       | (21,019                  | )          | 162,494 |   |
| Comprehensive income:                  |       |                                                      |       |       |       |           |       |                           |       |               |       |                     |       |   |   |
| Net income                             |       | —                                                    |       | —     |       | —         |       | —                         |       | 35,252             |       | —                   |       | 35,252 |   |
| Other comprehensive loss, net of tax   |       | —                                                    |       | —     |       | —         |       | —                         |       | —             |       | (26,074                  | )          | (26,074 | ) |
| Total comprehensive income             |       |                                                      |       |       |       |           |       |                           |       |               |       |                     |       | 9,178 |   |
| Dividend/return of capital to parent   |       | —                                                    |       | —     |       | (21,748        | )          | —                         |       | (35,252            | )          | —                   |       | (57,000 | ) |
| **Balance at December 31, 2011**  |       | 150,000                                                   |       | 1,500      |       | 160,250        |       | 15                             |       | —             |       | (47,093                  | )          | 114,672 |   |
| Comprehensive income:                  |       |                                                      |       |       |       |           |       |                           |       |               |       |                     |       |   |   |
| Net income                             |       | —                                                    |       | —     |       | —         |       | —                         |       | 14,404             |       | —                   |       | 14,404 |   |
| Other comprehensive income, net of tax |       | —                                                    |       | —     |       | —         |       | —                         |       | —             |       | 52,464                   |       | 52,464 |   |
| Total comprehensive income             |       |                                                      |       |       |       |           |       |                           |       |               |       |                     |       | 66,868 |   |
| Dividend/return of capital to parent   |       | —                                                    |       | —     |       | (5,733         | )          | —                         |       | (5,267             | )          | —                   |       | (11,000 | ) |
| Receipt of capital from parent         |       | —                                                    |       | —     |       | 37,000         |       | —                         |       | —             |       | —                   |       | 37,000 |   |
| **Balance at December 31, 2012**  |       | 150,000                                                   |       | $          | 1,500      |           | $          | 191,517                        |       | $                  | 15         |                     | $          | 9,137 |   | $ | 5,371 |   | $ | 207,540 |   |

 

*See Notes to Consolidated Financial Statements.*

 

F-8

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Table of Contents

 

**AMERIPRISE CERTIFICATE COMPANY**

**CONSOLIDATED STATEMENTS OF CASH FLOWS**

 
| ** **                                                                          | ** ** | **Years Ended December 31,** | ** ** |
|-------------------------------------------------------------------------------------|------------|---------------------------------------------|------------|
| ** **                                                                          | ** ** | **2012**                                    | ** ** | **2011** | ** ** | **2010** | ** ** |
| ** **                                                                          | ** ** | **(in thousands)**                     | ** ** |
| **Cash Flows from Operating   Activities**                                          |       |                                        |       |   |   |   |   |
| Net income                                                                          |       | $                                           | 14,404     |   | $ | 35,252 |   | $ | 50,407 |   |
| Adjustments to reconcile net income to net cash   provided by operating activities: |       |                                        |       |   |   |   |   |
| Interest added to certificate loans                                                 |       | (83                                         | )          | (104 | ) | (153 | ) |
| Amortization of premiums, accretion of discounts,   net                             |       | 11,099                                      |       | 1,718 |   | (1,337 | ) |
| Deferred income taxes                                                               |       | 6,872                                       |       | 1,350 |   | 11,494 |   |
| Net realized (gain) loss on Available-for-Sale   securities                         |       | 14,412                                      |       | 2,633 |   | (3,400 | ) |
| Other net realized (gain) loss                                                      |       | (3                                          | )          | 15 |   | 549 |   |
| Provision for loan loss                                                             |       | —                                      |       | (851 | ) | (4,264 | ) |
| Changes in operating assets and liabilities:                                        |       |                                        |       |   |   |   |   |
| Dividends and interest receivable                                                   |       | (2,973                                      | )          | 4,928 |   | 9,138 |   |
| Certificate reserves, net                                                           |       | 1,988                                       |       | (8,977 | ) | (13,227 | ) |
| Due to/from parent for income taxes, net                                            |       | (13,620                                     | )          | 4,570 |   | (10,388 | ) |
| Derivatives, net                                                                    |       | (3,405                                      | )          | 8,399 |   | 11,583 |   |
| Derivatives collateral, net                                                         |       | 1,392                                       |       | (3,574 | ) | (10,962 | ) |
| Other, net                                                                          |       | (4,348                                      | )          | (6,497 | ) | (3,027 | ) |
| **Net cash provided by operating   activities**                                     |       | 25,735                                      |       | 38,862 |   | 36,413 |   |
|                                                                                |       |                                        |       |   |   |   |   |
| **Cash Flows from Investing   Activities**                                          |       |                                        |       |   |   |   |   |
| Available-for-Sale securities:                                                      |       |                                        |       |   |   |   |   |
| Sales                                                                               |       | 29,828                                      |       | 87,777 |   | 81,338 |   |
| Maturities, redemptions and calls                                                   |       | 763,122                                     |       | 1,121,381 |   | 1,735,941 |   |
| Purchases                                                                           |       | (1,579,861                                  | )          | (959,058 | ) | (997,670 | ) |
| Syndicated loans and commercial mortgage loans:                                     |       |                                        |       |   |   |   |   |
| Sales                                                                               |       | 1,047                                       |       | 139 |   | 37,711 |   |
| Maturities, redemptions and calls                                                   |       | 42,256                                      |       | 65,069 |   | 74,268 |   |
| Purchases and fundings                                                              |       | (26,868                                     | )          | (30,868 | ) | — |   |
| Certificate loans:                                                                  |       |                                        |       |   |   |   |   |
| Payments                                                                            |       | 380                                         |       | 382 |   | 668 |   |
| Fundings                                                                            |       | (187                                        | )          | (249 | ) | (446 | ) |
| **Net cash provided by (used in)   investing activities**                           |       | (770,283                                    | )          | 284,573 |   | 931,810 |   |
|                                                                                |       |                                        |       |   |   |   |   |
| **Cash Flows from Financing   Activities**                                          |       |                                        |       |   |   |   |   |
| Payments from certificate owners                                                    |       | 1,660,382                                   |       | 729,213 |   | 847,363 |   |
| Certificate maturities and cash surrenders                                          |       | (927,100                                    | )          | (1,103,342 | ) | (1,782,577 | ) |
| Capital contribution from parent                                                    |       | 37,000                                      |       | — |   | — |   |
| Dividend/return of capital to parent                                                |       | (11,000                                     | )          | (57,000 | ) | (160,000 | ) |
| **Net cash provided by (used in)   financing activities**                           |       | 759,282                                     |       | (431,129 | ) | (1,095,214 | ) |
| **Net increase (decrease) in cash   and cash equivalents**                          |       | 14,734                                      |       | (107,694 | ) | (126,991 | ) |
| Cash and cash equivalents at beginning of period                                    |       | 74,498                                      |       | 182,192 |   | 309,183 |   |
| **Cash and cash equivalents at end   of period**                                    |       | $                                           | 89,232     |   | $ | 74,498 |   | $ | 182,192 |   |
|                                                                                |       |                                        |       |   |   |   |   |
| **Supplemental disclosures   including non-cash transactions:**                     |       |                                        |       |   |   |   |   |
| Cash paid for income taxes                                                          |       | $                                           | 17,005     |   | $ | 12,844 |   | $ | 26,992 |   |
| Cash paid for interest                                                              |       | 32,572                                      |       | 40,284 |   | 73,064 |   |
| Certificate maturities and surrenders through loan   reductions                     |       | 502                                         |       | 772 |   | 1,768 |   |

 

*See Notes to Consolidated Financial Statements.*

 

F-9

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Table of Contents

 

**1.  Basis of Presentation and Summary of Significant Accounting Policies**

 

**Nature of Business**

 

Ameriprise Certificate Company (“ACC” or the “Company”), is a wholly owned subsidiary of Ameriprise Financial, Inc. (“Ameriprise Financial”). 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. ACC’s certificates are sold by Ameriprise Financial Services, Inc. (“AFSI”), an affiliate of ACC. AFSI is registered as a broker-dealer in all 50 states, the District of Columbia and Puerto Rico.

 

As of December 31, 2012, 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 thirty-six 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 have interest tied, in whole or in part, to a broad-based stock market index. All of the certificates are available as qualified investments for Individual Retirement Accounts, 401(k) plans and other qualified retirement plans.

 

In the fourth quarter of 2012, ACC completed a review of its deferred tax balances. This review resulted in adjustments to ACC’s deferred tax balances. The net impact of the review resulted in an increase to income tax expense of $2.2 million. In the year ended December 31, 2011, ACC made an adjustment for additional bond discount accretion investment income related to prior periods resulting from revisions to the accounting classification of certain structured securities, which resulted in a $3.9 million pretax benefit. Management has determined that the effect of these corrections is not material to all current and previously issued financial statements.

 

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.

** **

**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.

 

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 for security premiums and discounts, so that the related security recognizes a constant rate of return on the outstanding balance throughout its term.

** **

**Dividend Income**

 

ACC recognizes dividend income on an accrual basis similar to that used for recognizing interest income on debt securities.

** **

**Cash and Cash Equivalents**

 

ACC has defined cash equivalents as highly liquid investments with original maturities 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 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 is met, an other-than-temporary impairment is considered to have occurred and ACC must recognize an other-than-temporary impairment for the difference between the investment’s amortized cost basis 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 basis, the security is also considered other-than-temporarily impaired. For these securities, 

 

F-10

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Table of Contents

 

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 basis 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 carefully monitored by management.

** **

**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. Syndicated loans represent ACC’s investment in below investment grade loan syndications.

 

Interest income is accrued on the unpaid principal balances of the loans as earned.

* *

*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 or in accordance with the loan agreement 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 

 

F-11

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Table of Contents

 

is written down to fair value less selling costs. Foreclosed property is recorded as real estate owned. Syndicated loans are placed on nonaccrual status when management determines it will not collect all contractual principal and interest on the loan.

* *

*Allowance for Loan Losses*

 

Management determines the adequacy of the allowance for loan losses by portfolio 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 (“LTV”) ratios, debt service coverage and occupancy rates, along with 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 required for certain sectors 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.

** **

**Real Estate Owned**

 

ACC acquires certain parcels of real estate through foreclosure and takes physical possession of the real estate collateral. ACC records the underlying collateral as its own real estate, referred to as real estate owned (“REO”). REO is classified as held-for-sale and recorded at fair value less costs to sell.

** **

**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.

 

F-12

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Table of Contents

 

**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 including the ability to generate capital gains. 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, 2012.

** **

**Recent Accounting Pronouncements**

** **

**Adoption of New Accounting Standards**

* *

*Comprehensive Income*

 

In June 2011, the Financial Accounting Standards Board (“FASB”) updated the accounting standards related to the presentation of comprehensive income. The standard requires entities to present all nonowner changes in stockholder’s equity either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The standard is effective for interim and annual periods beginning after December 15, 2011. ACC retrospectively adopted the standard in the first quarter of 2012. The adoption of the standard did not have any effect on ACC’s consolidated results of operations and financial condition.

* *

*Fair Value*

 

In May 2011, the FASB updated the accounting standards related to fair value measurement and disclosure requirements. The standard requires entities, for assets and liabilities measured at fair value in the statement of financial position which are Level 3 fair value measurements, to disclose quantitative information about unobservable inputs and assumptions used in the measurements, a description of the valuation processes in place, and a qualitative discussion about the sensitivity of the measurements to changes in unobservable inputs and interrelationships between those inputs if a change in those inputs would result in a significantly different fair value measurement. In addition, the standard requires disclosure of fair value by level within the fair value hierarchy for each class of assets and liabilities not measured at fair value in the statement of financial position but for which the fair value is disclosed. The standard is effective for interim and annual periods beginning on or after December 15, 2011. ACC adopted the standard in the first quarter of 2012. The adoption of the standard did not have any effect on ACC’s consolidated results of operations and financial condition. See Note 9 for the required disclosures.

 

F-13

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Table of Contents

 

**Future Adoption of New Accounting Standards**

* *

*Comprehensive Income*

 

In February 2013, the FASB updated the accounting standard related to comprehensive income. The update requires entities to provide information about significant amounts reclassified out of accumulated other comprehensive income. The standard is effective for interim and annual periods beginning after December 15, 2012 and is required to be applied prospectively. The adoption of the standard will not impact the Company’s consolidated results of operations and financial condition.

* *

*Balance Sheet*

 

In December 2011, the FASB updated the accounting standards to require new disclosures about offsetting assets and liabilities. The standard requires an entity to disclose both gross and net information about certain financial instruments and transactions subject to master netting arrangements (or similar arrangements) or eligible for offset in the statement of financial position. The standard is effective for interim and annual periods beginning on or after January 1, 2013 on a retrospective basis. The adoption of the standard is not expected to impact ACC’s consolidated results of operations and financial condition.

 

**2.  Deposit of Assets and Maintenance of Qualified Assets**

 

Under the provisions of its certificates and the 1940 Act, ACC was required to have Qualified Assets (as defined in Section 28(b) of the 1940 Act) in the amount of $3.5 billion and $2.8 billion at December 31, 2012 and 2011, respectively. ACC reported Qualified Assets of $3.7 billion and $3.0 billion at December 31, 2012 and 2011, respectively. Qualified Assets excluded net unrealized pretax gains on Available-for-Sale securities of $6.5 million at December 31, 2012 and net unrealized pretax losses on Available-for-Sale securities of $75.3 million at December 31, 2011. Additionally, Qualified Assets excluded unsettled investment purchases of $1.1 million and nil at December 31, 2012 and 2011, 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 Central Depository Agreement and requirements of various states, Qualified Assets (accounted for on a trade date basis) of ACC were deposited as follows:

 
| ** **                                             | ** ** | **December 31, 2012** | ** ** |
|--------------------------------------------------------|------------|---------------------------------|------------|
| ** **                                             | ** ** | **Deposits**                    | ** ** | **Required Deposits** | ** ** | **Excess** | ** ** |
| ** **                                             | ** ** | **(in thousands)**         | ** ** |
| Deposits to meet certificate liability   requirements: |       |                            |       |   |   |   |   |   |   |   |
| Pennsylvania (at market value)                         |       | $                               | 207        |   | $ | 100 |   | $ | 107 |   |
| Texas, Illinois, New Jersey (at par value)        |       | 215                             |       | 205 |   | 10 |   |
| Central Depository                                     |       | 3,653,999                       |       | 3,513,994 |   | 140,005 |   |
| Total                                                  |       | $                               | 3,654,421  |   | $ | 3,514,299 |   | $ | 140,122 |   |
|                                                   |       |                            |       |   |   |   |   |
| ** **                                             | ** ** | **December 31, 2011** | ** ** |
| ** **                                             | ** ** | **Deposits**                    | ** ** | **Required Deposits** | ** ** | **Excess** | ** ** |
| ** **                                             | ** ** | **(in thousands)**         | ** ** |
| Deposits to meet certificate liability   requirements: |       |                            |       |   |   |   |   |   |   |   |
| Pennsylvania (at market value)                         |       | $                               | 207        |   | $ | 100 |   | $ | 107 |   |
| Texas, Illinois, New Jersey (at par value)        |       | 215                             |       | 205 |   | 10 |   |
| Central Depository                                     |       | 2,890,490                       |       | 2,775,344 |   | 115,146 |   |
| Total                                                  |       | $                               | 2,890,912  |   | $ | 2,775,649 |   | $ | 115,263 |   |

 

The assets on deposit with the Central Depository at December 31, 2012 and 2011 consisted of securities and other loans having a deposit value of $3.5 billion and $2.7 billion, respectively, mortgage loans on real estate of $121.2 million and $116.1 million, respectively, and other investments of $81.1 million and $74.5 million, respectively. There were no material unsettled purchases of investments related to these assets on deposit at December 31, 2012 or 2011.

 

Ameriprise Trust Company, the custodian for ACC, is the Central Depository. See Note 7 for information on related party transactions.

 

F-14

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Table of Contents

 

**3.  Investments**

 

Available-for-Sale securities distributed by type were as follows:

 
| ** **                               | ** ** | **December 31, 2012** | ** ** |
|------------------------------------------|------------|---------------------------------|------------|
| **Description of Securities**  | ** ** | **Amortized Cost**         | ** ** | **Gross   Unrealized   Gains** | ** ** | **Gross   Unrealized   Losses** | ** ** | **Fair Value** | ** ** | **Noncredit   OTTI ****(1)** | ** ** |
| ** **                               | ** ** | **(in thousands)**         | ** ** |
| Residential mortgage backed securities   |       | $                               | 1,661,052  |   | $ | 24,077 |   | $ | (49,671 | ) | $ | 1,635,458 |   | $ | (33,283 | ) |
| Corporate debt securities                |       | 957,964                         |       | 14,628 |   | (2,188 | ) | 970,404 |   | 3 |   |
| Commercial mortgage backed securities    |       | 402,877                         |       | 12,013 |   | (180 | ) | 414,710 |   | — |   |
| Asset backed securities                  |       | 396,101                         |       | 8,141 |   | (355 | ) | 403,887 |   | — |   |
| U.S. government and agencies obligations |       | 380                             |       | 71 |   | — |   | 451 |   | — |   |
| Common stocks                            |       | 2,204                           |       | 1,902 |   | (12 | ) | 4,094 |   | 721 |   |
| Total                                    |       | $                               | 3,420,578  |   | $ | 60,832 |   | $ | (52,406 | ) | $ | 3,429,004 |   | $ | (32,559 | ) |
| ** **                               | ** ** | ** **                      | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                               | ** ** | **December 31, 2011** | ** ** |
| **Description of Securities**  | ** ** | **Amortized Cost**         | ** ** | **Gross   Unrealized   Gains** | ** ** | **Gross   Unrealized   Losses** | ** ** | **Fair Value** | ** ** | **Noncredit   OTTI ****(1)** | ** ** |
| ** **                               | ** ** | **(in thousands)**         | ** ** |
| Residential mortgage backed securities   |       | $                               | 1,434,542  |   | $ | 18,793 |   | $ | (117,672 | ) | $ | 1,335,663 |   | $ | (53,066 | ) |
| Corporate debt securities                |       | 515,491                         |       | 8,442 |   | (1,168 | ) | 522,765 |   | — |   |
| Commercial mortgage backed securities    |       | 442,905                         |       | 6,795 |   | (249 | ) | 449,451 |   | — |   |
| Asset backed securities                  |       | 248,916                         |       | 10,092 |   | (487 | ) | 258,521 |   | — |   |
| U.S. government and agencies obligations |       | 2,385                           |       | 111 |   | — |   | 2,496 |   | — |   |
| Common stocks                            |       | 1,327                           |       | 1,028 |   | — |   | 2,355 |   | 94 |   |
| Total                                    |       | $                               | 2,645,566  |   | $ | 45,261 |   | $ | (119,576 | ) | $ | 2,571,251 |   | $ | (52,972 | ) |

 

----

(1)   Represents the amount of OTTI losses in accumulated other comprehensive loss. 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.

 

At December 31, 2012 and 2011, fixed maturity securities comprised approximately 93% and 91%, respectively, 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. At December 31, 2012 and 2011, approximately $110.9 million and $14.8 million, respectively, of securities were internally rated by Columbia Management Investment Advisers, LLC (“CMIA”) using criteria similar to those used by NRSROs. A summary of fixed maturity securities by rating was as follows:

 
| ** **             | ** ** | **December 31, 2012**                       | ** ** | **December 31, 2011** | ** ** |
|------------------------|------------|-------------------------------------------------------|------------|---------------------------------|------------|
| ** **             | ** ** | **Amortized**                                         | ** ** | ** **                      | ** ** | **Percent of Total** | ** ** | **Amortized** | ** ** | ** ** | ** ** | **Percent of Total** | ** ** |
| **Ratings**            | ** ** | **Cost**                                              | ** ** | **Fair Value**             | ** ** | **Fair Value** | ** ** | **Cost** | ** ** | **Fair Value** | ** ** | **Fair Value** | ** ** |
| ** **             | ** ** | **(in thousands, except percentages)** | ** ** |
| AAA                    |       | $                                                     | 1,482,332  |                            | $          | 1,507,947 |   | 44 | % | $ | 1,359,063 |   | $ | 1,381,636 |   | 54 | % |
| AA                     |       | 92,712                                                |       | 95,778                          |       | 3 |   | 173,210 |   | 172,781 |   | 7 |   |
| A                      |       | 759,808                                               |       | 767,931                         |       | 22 |   | 310,711 |   | 307,875 |   | 12 |   |
| BBB                    |       | 750,410                                               |       | 761,850                         |       | 22 |   | 491,096 |   | 491,575 |   | 19 |   |
| Below investment grade |       | 333,112                                               |       | 291,404                         |       | 9 |   | 310,159 |   | 215,029 |   | 8 |   |
| Total fixed maturities |       | $                                                     | 3,418,374  |                            | $          | 3,424,910 |   | 100 | % | $ | 2,644,239 |   | $ | 2,568,896 |   | 100 | % |

 

At December 31, 2012 and 2011, approximately 42% and 33%, respectively, of the securities rated AAA were GNMA, FNMA and FHLMC mortgage backed securities.

 

F-15

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Table of Contents

 

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:

 
| ** **                               | ** ** | **December 31, 2012**                                          | ** ** |
|------------------------------------------|------------|--------------------------------------------------------------------------|------------|
| ** **                               | ** ** | **Less than 12 months**                                   | ** ** | **12 months or more** | ** ** | **Total** | ** ** |
| **Description of   Securities**     | ** ** | **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 |       | 16                                                                       |       | $ | 300,375 |   | $ | (641 | ) | 81 |   | $ | 364,204 |   | $ | (49,030 | ) | 97 |   | $ | 664,579 |   | $ | (49,671 | ) |
| Corporate   debt securities              |       | 31                                                                       |       | 310,622 |   | (2,188 | ) | — |   | — |   | — |   | 31 |   | 310,622 |   | (2,188 | ) |
| Commercial   mortgage backed securities  |       | 5                                                                        |       | 35,073 |   | (180 | ) | — |   | — |   | — |   | 5 |   | 35,073 |   | (180 | ) |
| Asset   backed securities                |       | 8                                                                        |       | 98,536 |   | (355 | ) | — |   | — |   | — |   | 8 |   | 98,536 |   | (355 | ) |
| Common   stocks                          |       | 2                                                                        |       | 99 |   | (12 | ) | — |   | — |   | — |   | 2 |   | 99 |   | (12 | ) |
| Total                                    |       | 62                                                                       |       | $ | 744,705 |   | $ | (3,376 | ) | 81 |   | $ | 364,204 |   | $ | (49,030 | ) | 143 |   | $ | 1,108,909 |   | $ | (52,406 | ) |

 
| ** **                               | ** ** | **December 31, 2011**                                          | ** ** |
|------------------------------------------|------------|--------------------------------------------------------------------------|------------|
| ** **                               | ** ** | **Less than 12 months**                                   | ** ** | **12 months or more** | ** ** | **Total** | ** ** |
| **Description of   Securities**     | ** ** | **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 |       | 53                                                                       |       | $ | 507,624 |   | $ | (16,536 | ) | 82 |   | $ | 268,481 |   | $ | (101,136 | ) | 135 |   | $ | 776,105 |   | $ | (117,672 | ) |
| Corporate   debt securities              |       | 17                                                                       |       | 89,457 |   | (1,010 | ) | 2 |   | 1,876 |   | (158 | ) | 19 |   | 91,333 |   | (1,168 | ) |
| Commercial   mortgage backed securities  |       | 6                                                                        |       | 36,710 |   | (220 | ) | 4 |   | 16,346 |   | (29 | ) | 10 |   | 53,056 |   | (249 | ) |
| Asset   backed securities                |       | 10                                                                       |       | 59,514 |   | (484 | ) | 1 |   | 1,851 |   | (3 | ) | 11 |   | 61,365 |   | (487 | ) |
| Total                                    |       | 86                                                                       |       | $ | 693,305 |   | $ | (18,250 | ) | 89 |   | $ | 288,554 |   | $ | (101,326 | ) | 175 |   | $ | 981,859 |   | $ | (119,576 | ) |

 

As part of ACC’s ongoing monitoring process, management determined that a majority of the gross unrealized losses on its Available-for-Sale securities are attributable to movement in credit spreads primarily related to non-agency residential mortgage backed securities purchased prior to 2008.

 

The following table presents a rollforward of the cumulative amounts recognized in the Consolidated Statements of Operations for other-than-temporary impairments related to credit losses on securities for which a portion of the securities’ total other-than-temporary impairments was recognized in other comprehensive income (loss):

 
| ** **                                                                                 | ** ** | **Years Ended December 31,** | ** ** |
|--------------------------------------------------------------------------------------------|------------|---------------------------------------------|------------|
| ** **                                                                                 | ** ** | **2012**                                    | ** ** | **2011** | ** ** | **2010** | ** ** |
| ** **                                                                                 | ** ** | **(in thousands)**                     | ** ** |
| Beginning balance                                                                          |       | $                                           | 64,545     |   | $ | 59,855 |   | $ | 57,446 |   |
| Credit losses for which an other-than-temporary   impairment was not previously recognized |       | 1,499                                       |       | 2,461 |   | 578 |   |
| Reductions for securities sold during the period   (realized)                              |       | —                                      |       | (2,041 | ) | — |   |
| Credit losses for which an other-than-temporary   impairment was previously recognized     |       | 13,513                                      |       | 4,270 |   | 1,831 |   |
| Ending balance                                                                             |       | $                                           | 79,557     |   | $ | 64,545 |   | $ | 59,855 |   |

 

The change in net unrealized securities gains (losses) in other comprehensive income (loss) 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 other-than-temporary impairment losses to credit losses.

 

F-16

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Table of Contents

 

The following table presents a rollforward of the net unrealized securities gains (losses) on Available-for-Sale securities included in accumulated other comprehensive gain (loss):

 
| ** **                                                       | ** ** | **Net   Unrealized   Investment   Gains (Losses)** | ** ** | **Deferred   Income Tax** | ** ** | **Accumulated Other   Comprehensive Income   (Loss) Related to Net   Unrealized Investment   Gains (Losses)** | ** ** |
|------------------------------------------------------------------|------------|---------------------------------------------------------|------------|--------------------------------|------------|--------------------------------------------------------------------------------------------------------------------------------------------------|------------|
| ** **                                                       | ** ** | **(in thousands)**                                 | ** ** |
| Balance at January 1, 2010                                  |       | $                                                       | (73,860    | )                              | $          | 25,952                                                                                                                                           |       | $ | (47,908 | ) |
| Net unrealized securities gains arising during the   period (2)  |       | 44,221                                                  |       | (15,122                        | )          | 29,099                                                                                                                                           |       |
| Reclassification of gains included in net income                 |       | (3,400                                                  | )          | 1,190                          |       | (2,210                                                                                                                                           | )          |
| Balance at December 31, 2010                                |       | (33,039                                                 | )          | 12,020                         |       | (21,019                                                                                                                                          | )(1)       |
| Net unrealized securities losses arising during   the period (2) |       | (43,909                                                 | )          | 16,124                         |       | (27,785                                                                                                                                          | )          |
| Reclassification of losses included in net income                |       | 2,633                                                   |       | (922                           | )          | 1,711                                                                                                                                            |       |
| Balance at December 31, 2011                                |       | (74,315                                                 | )          | 27,222                         |       | (47,093                                                                                                                                          | )(1)       |
| Net unrealized securities gains arising during the   period (2)  |       | 68,329                                                  |       | (25,233                        | )          | 43,096                                                                                                                                           |       |
| Reclassification of losses included in net income                |       | 14,412                                                  |       | (5,044                         | )          | 9,368                                                                                                                                            |       |
| Balance at December 31, 2012                                |       | $                                                       | 8,426      |                           | $          | (3,055                                                                                                                                           | )          | $ | 5,371 | (1) |

 

----

(1)             Includes $21.1 million, $34.4 million and $25.5 million of noncredit related impairments on securities and net unrealized securities losses on previously impaired securities at December 31, 2012, 2011 and 2010, respectively.

(2)             Includes other-than-temporary impairment losses on Available-for-Sale securities related to factors other than credit that were recognized in other comprehensive income (loss) during the period.

 

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,** | ** ** |
|----------------------------------|------------|---------------------------------------------|------------|
| ** **                       | ** ** | **2012**                                    | ** ** | **2011** | ** ** | **2010** | ** ** |
| ** **                       | ** ** | **(in thousands)**                     | ** ** |
| Gross realized gains             |       | $                                           | 792        |   | $ | 4,324 |   | $ | 6,393 |   |
| Gross realized losses            |       | (192                                        | )          | (25 | ) | (368 | ) |
| Other-than-temporary impairments |       | (15,012                                     | )          | (6,932 | ) | (2,625 | ) |
| Total                            |       | $                                           | (14,412    | ) | $ | (2,633 | ) | $ | 3,400 |   |

 

Other-than-temporary impairments for the years ended December 31, 2012, 2011 and 2010 primarily related to credit losses on non-agency residential mortgage backed securities.

 

Available-for-Sale securities by contractual maturity at December 31, 2012 were as follows:

 
| ** **                             | ** ** | **Amortized Cost** | ** ** | **Fair Value** | ** ** |
|----------------------------------------|------------|-------------------------|------------|---------------------|------------|
| ** **                             | ** ** | **(in thousands)** | ** ** |
| Due within one year                    |       | $                       | 30,327     |                | $          | 30,723 |   |
| Due after one year through five years  |       | 912,138                 |       | 924,424             |       |
| Due after five years through 10 years  |       | 15,665                  |       | 15,432              |       |
| Due after 10 years                     |       | 214                     |       | 276                 |       |
|                                   |       | 958,344                 |       | 970,855             |       |
| Residential mortgage backed securities |       | 1,661,052               |       | 1,635,458           |       |
| Commercial mortgage backed securities  |       | 402,877                 |       | 414,710             |       |
| Asset backed securities                |       | 396,101                 |       | 403,887             |       |
| Common stocks                          |       | 2,204                   |       | 4,094               |       |
| Total                                  |       | $                       | 3,420,578  |                | $          | 3,429,004 |   |

 

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, as well as common stocks, were not included in the maturities distribution.

 

F-17

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Table of Contents

 

**4.  Commercial Mortgage, Syndicated and Certificate Loans**

 

ACC’s financing receivables include commercial mortgage loans, syndicated loans and certificate loans. Certificate loans do not exceed the cash surrender value of the certificate at origination. As there is minimal risk of loss related to certificate loans, ACC does not record an allowance for loan losses for certificate loans.

 

The following tables present a rollforward of the allowance for loan losses for the years ended and the ending balance of the allowance for loan losses by impairment method and type of loan:

 
| ** **                            | ** ** | **December 31, 2012**      | ** ** |
|---------------------------------------|------------|--------------------------------------|------------|
| ** **                            | ** ** | **Commercial   Mortgage Loans** | ** ** | **Syndicated Loans** | ** ** | **Total** | ** ** |
| ** **                            | ** ** | **(in thousands)**              | ** ** |
| Beginning balance                     |       | $                                    | 2,576      |   | $ | 4,163 |   | $ | 6,739 |   |
| Charge-offs                           |       | —                               |       | (1,079 | ) | (1,079 | ) |
| Ending balance                        |       | $                                    | 2,576      |   | $ | 3,084 |   | $ | 5,660 |   |
|                                  |       |                                 |       |   |   |   |   |
| Individually evaluated for impairment |       | $                                    | 1,000      |   | $ | — |   | $ | 1,000 |   |
| Collectively evaluated for impairment |       | 1,576                                |       | 3,084 |   | 4,660 |   |

 
| ** **                            | ** ** | **December 31, 2011**      | ** ** |
|---------------------------------------|------------|--------------------------------------|------------|
| ** **                            | ** ** | **Commercial   Mortgage Loans** | ** ** | **Syndicated Loans** | ** ** | **Total** | ** ** |
| ** **                            | ** ** | **(in thousands)**              | ** ** |
| Beginning balance                     |       | $                                    | 2,576      |   | $ | 5,281 |   | $ | 7,857 |   |
| Charge-offs                           |       | —                               |       | (267 | ) | (267 | ) |
| Provisions                            |       | —                               |       | (851 | ) | (851 | ) |
| Ending balance                        |       | $                                    | 2,576      |   | $ | 4,163 |   | $ | 6,739 |   |
|                                  |       |                                 |       |   |   |   |   |
| Individually evaluated for impairment |       | $                                    | 1,000      |   | $ | 669 |   | $ | 1,669 |   |
| Collectively evaluated for impairment |       | 1,576                                |       | 3,494 |   | 5,070 |   |

 
| ** **                            | ** ** | **December 31, 2010**      | ** ** |
|---------------------------------------|------------|--------------------------------------|------------|
| ** **                            | ** ** | **Commercial   Mortgage Loans** | ** ** | **Syndicated Loans** | ** ** | **Total** | ** ** |
| ** **                            | ** ** | **(in thousands)**              | ** ** |
| Beginning balance                     |       | $                                    | 1,497      |   | $ | 14,105 |   | $ | 15,602 |   |
| Charge-offs                           |       | (500                                 | )          | (2,981 | ) | (3,481 | ) |
| Provisions                            |       | 1,579                                |       | (5,843 | ) | (4,264 | ) |
| Ending balance                        |       | $                                    | 2,576      |   | $ | 5,281 |   | $ | 7,857 |   |
|                                  |       |                                 |       |   |   |   |   |
| Individually evaluated for impairment |       | $                                    | —     |   | $ | 669 |   | $ | 669 |   |
| Collectively evaluated for impairment |       | 2,576                                |       | 4,612 |   | 7,188 |   |

 

The recorded investment in financing receivables by impairment method and type of loan was as follows:

 
| ** **                            | ** ** | **December 31, 2012**      | ** ** |
|---------------------------------------|------------|--------------------------------------|------------|
| ** **                            | ** ** | **Commercial   Mortgage Loans** | ** ** | **Syndicated Loans** | ** ** | **Total** | ** ** |
| ** **                            | ** ** | **(in thousands)**              | ** ** |
| Individually evaluated for impairment |       | $                                    | 3,892      |   | $ | 1,474 |   | $ | 5,366 |   |
| Collectively evaluated for impairment |       | 119,933                              |       | 31,174 |   | 151,107 |   |
| Total                                 |       | $                                    | 123,825    |   | $ | 32,648 |   | $ | 156,473 |   |

 
| ** **                            | ** ** | **December 31, 2011**      | ** ** |
|---------------------------------------|------------|--------------------------------------|------------|
| ** **                            | ** ** | **Commercial   Mortgage Loans** | ** ** | **Syndicated Loans** | ** ** | **Total** | ** ** |
| ** **                            | ** ** | **(in thousands)**              | ** ** |
| Individually evaluated for impairment |       | $                                    | 4,125      |   | $ | 3,308 |   | $ | 7,433 |   |
| Collectively evaluated for impairment |       | 114,532                              |       | 54,602 |   | 169,134 |   |
| Total                                 |       | $                                    | 118,657    |   | $ | 57,910 |   | $ | 176,567 |   |

 

F-18

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Table of Contents

 

As of December 31, 2012 and 2011, ACC’s recorded investment in financing receivables individually evaluated for impairment for which there was no related allowance for loan losses was $3.6 million and $2.2 million, respectively. Unearned income, unamortized premiums and discounts, and net unamortized deferred fees and costs are not material to ACC’s total loan balance. During the years ended December 31, 2012 and 2011, ACC sold $2.7 million and $134 thousand, respectively, of syndicated loans. There were no significant purchases of financing receivables during the years ended December 31, 2012 and 2011.

 

ACC has not acquired any loans with deteriorated credit quality as of the acquisition date.

 

**Credit Quality Information**

 

Nonperforming loans, which are generally loans 90 days or more past due, were $3.2 million and $3.6 million as of December 31, 2012 and 2011, 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 3.1% and 3.5% of total commercial mortgage loans at December 31, 2012 and 2011, respectively. 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.

 

Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows:

 
| ** **                      | ** ** | **Loans**               | ** ** | **Percentage**        | ** ** |
|---------------------------------|------------|-------------------------|------------|-----------------------|------------|
| ** **                      | ** ** | **December 31,**   | ** ** | **December 31,** | ** ** |
| ** **                      | ** ** | **2012**                | ** ** | **2011**              | ** ** | **2012** | ** ** | **2011** | ** ** |
| ** **                      | ** ** | **(in thousands)** | ** ** | ** **            | ** ** | ** ** | ** ** |
| East North Central              |       | $                       | 5,089      |                  | $          | 5,171 |   | 4 | % | 4 | % |
| Middle Atlantic                 |       | 8,893                   |       | 5,816                 |       | 7 |   | 5 |   |
| Mountain                        |       | 10,026                  |       | 9,095                 |       | 8 |   | 8 |   |
| New England                     |       | 10,763                  |       | 11,060                |       | 9 |   | 9 |   |
| Pacific                         |       | 32,183                  |       | 28,171                |       | 26 |   | 24 |   |
| South Atlantic                  |       | 35,862                  |       | 29,773                |       | 29 |   | 25 |   |
| West North Central              |       | 15,079                  |       | 19,632                |       | 12 |   | 17 |   |
| West South Central              |       | 5,930                   |       | 9,939                 |       | 5 |   | 8 |   |
|                            |       | 123,825                 |       | 118,657               |       | 100 | % | 100 | % |
| Less: allowance for loan losses |       | 2,576                   |       | 2,576                 |       |   |   |   |   |
| Total                           |       | $                       | 121,249    |                  | $          | 116,081 |   |   |   |   |   |

 

Concentrations of credit risk of commercial mortgage loans by property type were as follows:

 
| ** **                      | ** ** | **Loans**               | ** ** | **Percentage**        | ** ** |
|---------------------------------|------------|-------------------------|------------|-----------------------|------------|
| ** **                      | ** ** | **December 31,**   | ** ** | **December 31,** | ** ** |
| ** **                      | ** ** | **2012**                | ** ** | **2011**              | ** ** | **2012** | ** ** | **2011** | ** ** |
| ** **                      | ** ** | **(in thousands)** | ** ** | ** **            | ** ** | ** ** | ** ** |
| Apartments                      |       | $                       | 35,042     |                  | $          | 33,781 |   | 28 | % | 28 | % |
| Industrial                      |       | 24,782                  |       | 24,449                |       | 20 |   | 21 |   |
| Office                          |       | 13,172                  |       | 17,039                |       | 11 |   | 14 |   |
| Retail                          |       | 35,194                  |       | 20,402                |       | 28 |   | 17 |   |
| Other                           |       | 15,635                  |       | 22,986                |       | 13 |   | 20 |   |
|                            |       | 123,825                 |       | 118,657               |       | 100 | % | 100 | % |
| Less: allowance for loan losses |       | 2,576                   |       | 2,576                 |       |   |   |   |   |
| Total                           |       | $                       | 121,249    |                  | $          | 116,081 |   |   |   |   |   |

 

F-19

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Table of Contents

 

*Syndicated Loans*

 

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. Total nonperforming syndicated loans at December 31, 2012 and 2011 were $1.5 million and $1.8 million, respectively, which represent 5% and 3% of total syndicated loans at December 31, 2012 and 2011, respectively.

 

**Troubled Debt Restructurings**

 

The following table presents the number of loans restructured by ACC during the period and their recorded investment at the end of the period:

 
| ** **       | ** ** | **Years Ended December 31,**                         | ** ** |
|------------------|------------|---------------------------------------------------------------------|------------|
| ** **       | ** ** | **2012**                                                            | ** ** | **2011** | ** ** |
| ** **       | ** ** | **Number of Loans**                                       | ** ** | **Recorded Investment** | ** ** | **Number of Loans** | ** ** | **Recorded Investment** | ** ** |
| ** **       | ** ** | **(in thousands, except number of loans)** | ** ** |
| Syndicated loans |       | 3                                                                   |       | $ | 1,052 |   | 2 |   | $ | 239 |   |
|                  |            |                                                                     |            |  |  |  |  |  |  |  |  |

 

The troubled debt restructurings did not have a material impact to ACC’s allowance for loan losses or income recognized for the years ended December 31, 2012 and 2011. There are no material commitments to lend additional funds to borrowers whose loans have been restructured.

 

**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 at December 31, 2012 were as follows:

 
|                                     |       | **Reserve Balance**                              |       | **Average Gross   Accumulation Rates** |   | **Average Additional   Credit Rates** |   |
|------------------------------------------|------------|-------------------------------------------------------|------------|--------------------------------------------------|--------|-------------------------------------------------|--------|
| ** **                               | ** ** | **(in thousands, except percentages)** | ** ** |
| Installment certificates:           |       |                                                  |       |                                             |   |                                            |   |
| Reserves to mature:            |       |                                                  |       |                                             |   |                                            |   |
| With guaranteed rates                    |       | $                                                     | 21         |                                             | 4.00   | %                                               | 0.50   | % |
| Without guaranteed rates (1)             |       | 28,166                                                |       | 0.35                                             | %      | 0.35                                            | %      |
| Additional credits and accrued interest: |       |                                                  |       |                                             |   |                                            |   |
| With guaranteed rates                    |       | 3                                                     |       | 3.37                                             | %      | —                                          |   |
| Without guaranteed rates (1)             |       | 238                                                   |       | N/A                                              |   | N/A                                             |   |
| Fully paid certificates:                 |       |                                                  |       |                                             |   |                                            |   |
| Reserves to mature:                      |       |                                                  |       |                                             |   |                                            |   |
| With guaranteed rates                    |       | 26,678                                                |       | 3.26                                             | %      | 0.01                                            | %      |
| Without guaranteed rates (1)             |       | 2,830,025                                             |       | 0.89                                             | %      | 0.89                                            | %      |
| Equity indexed (2)                       |       | 619,351                                               |       | N/A                                              |   | N/A                                             |   |
| Additional credits and accrued interest: |       |                                                  |       |                                             |   |                                            |   |
| With guaranteed rates                    |       | 1,666                                                 |       | 3.21                                             | %      | —                                          |   |
| Without guaranteed rates (1)             |       | 5,753                                                 |       | N/A                                              |   | N/A                                             |   |
| Due to unlocated certificate holders     |       | 94                                                    |       | —                                           |   | —                                          |   |
| Total                                    |       | $                                                     | 3,511,995  |                                             |   |                                            |   |   |

 

F-20

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Table of Contents

 

The average rates of accumulation on certificate reserves at December 31, 2011 were as follows:

 
| ** **                               | ** ** | **Reserve Balance**                              | ** ** | **Average Gross   Accumulation Rates** | ** ** | **Average Additional   Credit Rates** | ** ** |
|------------------------------------------|------------|-------------------------------------------------------|------------|--------------------------------------------------|------------|-------------------------------------------------|------------|
| ** **                               | ** ** | **(in thousands, except percentages)** | ** ** |
| Installment certificates:                |       |                                                  |       |                                             |       |                                            |       |
| Reserves to mature:                      |       |                                                  |       |                                             |       |                                            |       |
| With guaranteed rates                    |       | $                                                     | 50         |                                             | 4.00       | %                                               | 0.50       | % |
| Without guaranteed rates (1)             |       | 32,539                                                |       | 0.31                                             | %          | 0.31                                            | %          |
| Additional credits and accrued interest: |       |                                                  |       |                                             |       |                                            |       |
| With guaranteed rates                    |       | 10                                                    |       | 3.44                                             | %          | —                                          |       |
| Without guaranteed rates (1)             |       | 289                                                   |       | N/A                                              |       | N/A                                             |       |
| Fully paid certificates:                 |       |                                                  |       |                                             |       |                                            |       |
| Reserves to mature:                      |       |                                                  |       |                                             |       |                                            |       |
| With guaranteed rates                    |       | 30,343                                                |       | 3.24                                             | %          | 0.01                                            | %          |
| Without guaranteed rates (1)             |       | 2,023,358                                             |       | 1.04                                             | %          | 1.04                                            | %          |
| Equity indexed (2)                       |       | 684,790                                               |       | N/A                                              |       | N/A                                             |       |
| Additional credits and accrued interest: |       |                                                  |       |                                             |       |                                            |       |
| With guaranteed rates                    |       | 2,109                                                 |       | 3.19                                             | %          | —                                          |       |
| Without guaranteed rates (1)             |       | 3,098                                                 |       | N/A                                              |       | N/A                                             |       |
| Due to unlocated certificate holders     |       | 139                                                   |       | —                                           |       | —                                          |       |
| Total                                    |       | $                                                     | 2,776,725  |                                             |       |                                            |       |   |

 

----

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. Generally the certificates have a term of 52 weeks and may continue for up to 20 years. The reserve balances on these certificates at December 31, 2012 and 2011 were $674.1 million and $736.4 million, respectively.

 

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 at both December 31, 2012 and 2011 was nil, 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,**   | ** ** |
|-----------------------------------------|------------|-------------------------|------------|
| ** **                              | ** ** | **2012**                | ** ** | **2011** | ** ** |
| ** **                              | ** ** | **(in thousands)** | ** ** |
| Reserves with terms of one year or less |       | $                       | 3,361,028  |   | $ | 2,571,630 |   |
| Other                                   |       | 150,967                 |       | 205,095 |   |
| Total certificate reserves              |       | 3,511,995               |       | 2,776,725 |   |
| Unapplied certificate transactions      |       | 373                     |       | 56 |   |
| Certificate loans and accrued interest  |       | (1,915                  | )          | (2,538 | ) |
| Total                                   |       | $                       | 3,510,453  |   | $ | 2,774,243 |   |

 

F-21

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Table of Contents

 

**6.  Regulation and Dividend Restrictions**

 

Certain series of installment certificates outstanding provide that cash dividends may be paid by ACC only in calendar years for which additional credits of at least one-half of 1% on such series of certificates have been authorized by ACC. This restriction has been satisfied for 2012 and 2011 by ACC’s declaration of additional credits.

 

ACC is required to maintain cash and “qualified assets” meeting the standards of Section 28(b) of the 1940 Act, as modified by an 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, common and preferred stocks, 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 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, up to a maximum commitment of $115 million. For the year ended December 31, 2012, Ameriprise Financial has not infused any additional capital into ACC under this agreement.

 

**7.  Related Party Transactions**

 

**Distribution services**

 

Fees payable to AFSI on sales of ACC’s certificates are based upon terms of agreements giving AFSI the right to distribute the certificates covered under the agreements. The agreements provide for payment of fees over a period of time.

 

From time to time, ACC may sponsor or participate in sales promotions involving one or more of the certificates and their respective terms. These promotions may offer a special interest rate to attract new clients or retain existing clients. To cover the cost of these promotions, distribution fees paid to AFSI may be lowered.

 

The aggregate fees payable under the agreements are 2.5% of all payments received during the month for installment certificates sold on or after April 30, 1997.

 

The Ameriprise Cash Reserve Certificates have contractual distribution fee rates of 0.025% of the purchase price at the time of issuance and 0.025% of the reserves maintained for these certificates at the beginning of the second and subsequent quarters from issue date. These fees became effective on May 21, 2012 when the product was reopened to new purchases.

 

Effective April 26, 2000, the Ameriprise Flexible Savings Certificates have contractual distribution fee rates of 0.08% of the purchase price at the time of issuance and 0.08% of the reserves maintained for these certificates at the beginning of the second and subsequent quarters from issue date. Since January 2, 2007, ACC has continuously offered 7 and 13 month Flexible Savings Certificates. Since the continuous offering began, the distribution fee on 7 month Flexible Savings Certificates has been 0.08% of the initial payment and 0.08% of the reserves maintained for these certificates at the beginning of the second and subsequent quarters after issuance. The distribution fee on the 13 month term has been 0.032% of the initial payment and 0.032% of the reserves maintained for these certificates at the beginning of the second and subsequent quarters after issuance.

 

Effective October 25, 2011, the Ameriprise Stock Market Certificate and Ameriprise Market Strategy Certificates, sold through AFSI, have contractual distribution fee rates of 0.50% of the initial investment on the first day of the certificate’s term and 0.50% of the reserves maintained for these certificates at the beginning of each subsequent term. The previous effective rate, set April 28, 1999, was 0.90%.

 

F-22

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Table of Contents

 

**Investment advisory and services**

 

Effective December 31, 2006, the investment advisory and services agreement with CMIA, provides for a graduated scale of fees equal on an annual basis to 0.35% on the first $250 million of total book value of investments of ACC, 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. Net invested assets for purposes of this computation are cash equivalents, accounts receivable for interest and dividends and securities sold, accounts payable for invested assets purchased, securities available-for-sale (including any segregated assets), trading securities, purchased equity index options, written equity index options and mortgages.

 

The fee paid to CMIA for managing and servicing syndicated loans 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 book value of the loans 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 effective December 31, 2006.  ACC pays CMIS a monthly fee of one-twelfth of $20.00 per certificate owner account for this service in addition to certain out-of-pocket expenses. Effective January 1, 2013, this fee has increased to $26.00 per certificate owner account.

 

**Depository fees**

 

In December 2008, Ameriprise Trust Company entered into an agreement with a subcustodian to provide depository services for ACC’s assets. As a result, the depository fees paid to Ameriprise Trust Company are asset-based with additional charges for transactional custody fees charged by the subcustodian.

 

**8.  Income Taxes**

 

The components of income tax provision were as follows:

 
| ** **                     | ** ** | **Years Ended December 31,** | ** ** |
|--------------------------------|------------|---------------------------------------------|------------|
| ** **                     | ** ** | **2012**                                    | ** ** | **2011** | ** ** | **2010** | ** ** |
| ** **                     | ** ** | **(in thousands)**                     | ** ** |
| **Current income tax:**        |       |                                        |       |   |   |   |   |
| Federal                        |       | $                                           | 4,828      |   | $ | 16,442 |   | $ | 13,323 |   |
| State and local                |       | (74                                         | )          | 544 |   | 3,588 |   |
| Total current income tax       |       | 4,754                                       |       | 16,986 |   | 16,911 |   |
| **Deferred income tax:**       |       |                                        |       |   |   |   |   |
| Federal                        |       | 6,459                                       |       | 1,371 |   | 13,342 |   |
| State and local                |       | 413                                         |       | (21 | ) | (1,848 | ) |
| Total deferred income tax      |       | 6,872                                       |       | 1,350 |   | 11,494 |   |
| **Total income tax provision** |       | $                                           | 11,626     |   | $ | 18,336 |   | $ | 28,405 |   |

 

The principal reasons that the aggregate income tax provision is different from that computed by using the U.S. statutory rate of 35% were as follows:

 
| ** **                      | ** ** | **Years Ended December 31,** | ** ** |
|---------------------------------|------------|---------------------------------------------|------------|
| ** **                      | ** ** | **2012**                                    | ** ** | **2011** | ** ** | **2010** | ** ** |
| Tax at U.S. statutory rate      |       | 35.0                                        | %          | 35.0 | % | 35.0 | % |
| State income tax, net           |       | 1.4                                         |       | 0.6 |   | 0.7 |   |
| Taxes applicable to prior years |       | 8.3                                         |       | (1.4 | ) | 0.4 |   |
| Income tax provision            |       | 44.7                                        | %          | 34.2 | % | 36.1 | % |

 

The increase in the effective tax rate from 34.2% for the year ended December 31, 2011 to 44.7% for the year ended December 31, 2012 primarily represents the impact of the $2.2 million increase to income tax expense for an out-of-period correction related to ACC’s deferred tax balance. See Note 1 for further information on the out-of-period correction.

 

F-23

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Table of Contents

 

Deferred income tax assets and liabilities result from temporary differences between the assets and liabilities measured for GAAP reporting versus income tax return purposes. The significant components of deferred tax assets and liabilities were as follows:

 
| ** **                                         | ** ** | **December 31,**   | ** ** |
|----------------------------------------------------|------------|-------------------------|------------|
| ** **                                         | ** ** | **2012**                | ** ** | **2011** | ** ** |
| ** **                                         | ** ** | **(in thousands)** | ** ** |
| Deferred income tax assets:                        |       |                    |       |   |   |
| Investments, including bond discounts and premiums |       | $                       | 21,606     |   | $ | 30,225 |   |
| Certificate reserves                               |       | 3,600                   |       | 1,673 |   |
| Investment unrealized losses, net                  |       | —                  |       | 27,221 |   |
| Other                                              |       | —                  |       | 99 |   |
| Total deferred income tax assets                   |       | 25,206                  |       | 59,218 |   |
| Deferred income tax liabilities:                   |       |                    |       |   |   |
| Investment unrealized gains, net                   |       | 3,052                   |       | — |   |
| Other                                              |       | 84                      |       | — |   |
| Total deferred income tax liabilities              |       | 3,136                   |       | — |   |
| Net deferred income tax assets                     |       | $                       | 22,070     |   | $ | 59,218 |   |

 

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

 
| ** **                                  | ** ** | **2012**                | ** ** | **2011** | ** ** | **2010** | ** ** |
|---------------------------------------------|------------|-------------------------|------------|----------|------------|----------|------------|
| ** **                                  | ** ** | **(in thousands)** | ** ** |
| Balance at January 1                   |       | $                       | 736        |     | $          | —   |       | $ | 4,436 |   |
| Additions for tax positions of prior years  |       | —                  |       | 1,919    |       | —   |       |
| Reductions for tax positions of prior years |       | —                  |       | (1,183   | )          | —   |       |
| Settlements                                 |       | —                  |       | —   |       | (4,436   | )          |
| Balance at December 31                 |       | $                       | 736        |     | $          | 736      |       | $ | — |   |

 

If recognized, approximately $1.0 million, net of federal tax benefits, of the unrecognized tax benefits as of both December 31, 2012 and 2011, would affect the effective tax rate.

 

ACC recognizes interest and penalties related to unrecognized tax benefits as a component of the income tax provision. ACC recognized interest and penalties of nil, $1.1 million and $0.3 million for the years ended December 31, 2012, 2011 and 2010, respectively. ACC had $1.1 million for the payment of interest and penalties accrued at both December 31, 2012 and 2011.

 

It is reasonably possible that the total amounts of unrecognized tax benefits will change in the next 12 months. Based on the current audit position of ACC, it is estimated that the total amount of gross unrecognized tax benefits may decrease by $469 thousand in the next 12 months.

 

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 and foreign jurisdictions. The Internal Revenue Service (“IRS”) has completed its field examination of the 1997 through 2007 tax returns. However, for federal income tax purposes these years, except for 2007, continue to remain open as a consequence of certain unagreed upon issues. The IRS is in the process of completing the audit of Ameriprise Financial’s U.S. income tax returns for 2008 and 2009, and began auditing 2010 and 2011 in the fourth quarter of 2012. ACC’s or its subsidiary’s state income tax returns are currently open for years after 1997.

 

F-24

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Table of Contents

** **

**9.  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.

 

The following tables present the balances of assets and liabilities measured at fair value on a recurring basis:

 
| ** **                               | ** ** | **December 31, 2012** | ** ** |
|------------------------------------------|------------|---------------------------------|------------|
| ** **                               | ** ** | **Level 1**                | ** ** | **Level 2** | ** ** | **Level 3** | ** ** | **Total** | ** ** |
|                                     | ** ** | **(in thousands)**         | ** ** |
| Assets                                   | ** ** | ** **                      | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| Cash equivalents                         |       | $                               | —     |   | $ | 81,098 |   | $ | — |   | $ | 81,098 |   |
| Available-for-Sale securities:           |       |                            |       |   |   |   |   |   |   |
| Residential mortgage backed securities   |       | —                          |       | 1,382,860 |   | 252,598 |   | 1,635,458 |   |
| Corporate debt securities                |       | —                          |       | 859,761 |   | 110,643 |   | 970,404 |   |
| Commercial mortgage backed securities    |       | —                          |       | 378,650 |   | 36,060 |   | 414,710 |   |
| Asset backed securities                  |       | —                          |       | 381,664 |   | 22,223 |   | 403,887 |   |
| U.S. government and agencies obligations |       | 451                             |       | — |   | — |   | 451 |   |
| Common stocks                            |       | 1,054                           |       | 2,216 |   | 824 |   | 4,094 |   |
| Total Available-for-Sale securities      |       | 1,505                           |       | 3,005,151 |   | 422,348 |   | 3,429,004 |   |
| Equity derivatives, purchased            |       | —                          |       | 37,003 |   | — |   | 37,003 |   |
| Total assets at fair value               |       | $                               | 1,505      |   | $ | 3,123,252 |   | $ | 422,348 |   | $ | 3,547,105 |   |
|                                     |       |                            |       |   |   |   |   |   |   |
| Liabilities                              | ** ** | ** **                      | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| Certificate reserves                     |       | $                               | —     |   | $ | 7,904 |   | $ | — |   | $ | 7,904 |   |
| Equity derivatives, written              |       | —                          |       | 29,532 |   | — |   | 29,532 |   |
| Total liabilities at fair value          |       | $                               | —     |   | $ | 37,436 |   | $ | — |   | $ | 37,436 |   |

 
| ** **                               | ** ** | **December 31, 2011** | ** ** |
|------------------------------------------|------------|---------------------------------|------------|
| ** **                               | ** ** | **Level 1**                | ** ** | **Level 2** | ** ** | **Level 3** | ** ** | **Total** | ** ** |
|                                     | ** ** | **(in thousands)**         | ** ** |
| Assets                                   | ** ** | ** **                      | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| Cash equivalents                         |       | $                               | —     |   | $ | 74,498 |   | $ | — |   | $ | 74,498 |   |
| Available-for-Sale securities:           |       |                            |       |   |   |   |   |   |   |
| Residential mortgage backed securities   |       | —                          |       | 1,255,083 |   | 80,580 |   | 1,335,663 |   |
| Corporate debt securities                |       | —                          |       | 509,781 |   | 12,984 |   | 522,765 |   |
| Commercial mortgage backed securities    |       | —                          |       | 449,451 |   | — |   | 449,451 |   |
| Asset backed securities                  |       | —                          |       | 230,709 |   | 27,812 |   | 258,521 |   |
| U.S. government and agencies obligations |       | 458                             |       | 2,038 |   | — |   | 2,496 |   |
| Common stocks                            |       | 653                             |       | 1,362 |   | 340 |   | 2,355 |   |
| Total Available-for-Sale securities      |       | 1,111                           |       | 2,448,424 |   | 121,716 |   | 2,571,251 |   |
| Equity derivatives, purchased            |       | —                          |       | 34,389 |   | 4 |   | 34,393 |   |
| Total assets at fair value               |       | $                               | 1,111      |   | $ | 2,557,311 |   | $ | 121,720 |   | $ | 2,680,142 |   |
|                                     |       |                            |       |   |   |   |   |   |   |
| Liabilities                              | ** ** | ** **                      | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| Certificate reserves                     |       | $                               | —     |   | $ | 5,551 |   | $ | — |   | $ | 5,551 |   |
| Equity derivatives, written              |       | —                          |       | 28,979 |   | — |   | 28,979 |   |
| Total liabilities at fair value          |       | $                               | —     |   | $ | 34,530 |   | $ | — |   | $ | 34,530 |   |

 

F-25

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Table of Contents

 

The following tables provide a summary of changes in Level 3 assets and liabilities measured at fair value on a recurring basis:

 
| ** **                                                                                                         | ** ** | **Available-for-Sale Securities** | ** ** | ** **     | ** ** | ** **     | ** ** |
|--------------------------------------------------------------------------------------------------------------------|------------|----------------------------------------|------------|----------------|------------|----------------|------------|
| ** **                                                                                                         | ** ** | **Residential**                        | ** ** | ** **     | ** ** | **Commercial** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                                                         | ** ** | **Mortgage**                           | ** ** | **Corporate**  | ** ** | **Mortgage**   | ** ** | **Asset** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                                                         | ** ** | **Backed**                             | ** ** | **Debt**       | ** ** | **Backed**     | ** ** | **Backed** | ** ** | **Common** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                                                         | ** ** | **Securities**                         | ** ** | **Securities** | ** ** | **Securities** | ** ** | **Securities** | ** ** | **Stocks** | ** ** | **Derivatives** | ** ** | **Total** | ** ** |
| ** **                                                                                                         | ** ** | **(in thousands)**                | ** ** |
| Balance, January 1, 2012                                                                                      |       | $                                      | 80,580     |           | $          | 12,984         |       | $ | — |   | $ | 27,812 |   | $ | 340 |   | $ | 4 |   | 121,720 |   |
| Total gains (losses) included in:                                                                                  |       |                                   |       |           |       |           |       |   |   |   |   |   |   |   |   |
| Net income                                                                                                         |       | (5,286                                 | )(1)       | (259           | )(2)       | (41            | )(2)       | 246 | (2) | — |   | — |   | (5,340 | ) |
| Other comprehensive income (loss)                                                                                  |       | 10,871                                 |       | 458            |       | 349            |       | 508 |   | (14 | ) | — |   | 12,172 |   |
| Purchases                                                                                                          |       | 268,970                                |       | 99,856         |       | 12,203         |       | — |   | 873 |   | — |   | 381,902 |   |
| Sales                                                                                                              |       | —                                 |       | —         |       | —         |       | — |   | — |   | (4 | ) | (4 | ) |
| Settlements                                                                                                        |       | (27,401                                | )          | (2,399         | )          | —         |       | (6,343 | ) | — |   | — |   | (36,143 | ) |
| Transfers into Level 3                                                                                             |       | 10,905                                 |       | 3              |       | 23,549         |       | — |   | — |   | — |   | 34,457 |   |
| Transfers out of Level 3                                                                                           |       | (86,041                                | )          | —         |       | —         |       | — |   | (375 | ) | — |   | (86,416 | ) |
| Balance, December 31, 2012                                                                                    |       | $                                      | 252,598    |           | $          | 110,643        |       | $ | 36,060 |   | $ | 22,223 |   | $ | 824 |   | $ | — |   | $ | 422,348 |   |
| Change in unrealized gains (losses) included in   net income related to Level 3 assets held December 31, 2012 |       | $                                      |  (5   | )(2)           | $          |  (259     | )(2)       | $ |  (41 | )(2) | $ |  231 | (2) | $ |  — |   | $ |  — |   | $ |  (74 | ) |

 

----

(1)   Represents a $(5,246) loss included in net realized gain (loss) on investments and a $(40) loss included in investment income in the Consolidated Statements of Operations. 

(2)   Included in investment income in the Consolidated Statements of Operations.

 
| ** **                                                                                                            | ** ** | **Available-for-Sale Securities** | ** ** | ** **     | ** ** | ** **     | ** ** |
|-----------------------------------------------------------------------------------------------------------------------|------------|----------------------------------------|------------|----------------|------------|----------------|------------|
| ** **                                                                                                            | ** ** | **Residential**                        | ** ** | ** **     | ** ** | **Commercial** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                                                            | ** ** | **Mortgage**                           | ** ** | **Corporate**  | ** ** | **Mortgage**   | ** ** | **Asset** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                                                            | ** ** | **Backed**                             | ** ** | **Debt**       | ** ** | **Backed**     | ** ** | **Backed** | ** ** | **Common** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                                                            | ** ** | **Securities**                         | ** ** | **Securities** | ** ** | **Securities** | ** ** | **Securities** | ** ** | **Stocks** | ** ** | **Derivatives** | ** ** | **Total** | ** ** |
| ** **                                                                                                            | ** ** | **(in thousands)**                | ** ** |
| Balance, January 1, 2011                                                                                         |       | $                                      | 994,874    |           | $          | 7,536          |       | $ | 10,189 |   | $ | 9,657 |   | $ | 344 |   | $ | 6 |   | $ | 1,022,606 |   |
| Total gains (losses) included in:                                                                                     |       |                                   |       |           |       |           |       |   |   |   |   |   |   |   |   |
| Net income                                                                                                            |       | (404                                   | )(1)       | —         |       | (1             | )(3)       | 324 | (3) | — |   | (2 | )(3) | (83 | ) |
| Other comprehensive income (loss)                                                                                     |       | (26,379                                | )          | (83            | )          | 204            |       | (278 | ) | (9 | ) | — |   | (26,545 | ) |
| Purchases                                                                                                             |       | 303,425                                |       | 10,500         |       | 23,520         |       | 19,997 |   | — |   | — |   | 357,442 |   |
| Settlements                                                                                                           |       | (273,784                               | )          | (4,969         | )          | —         |       | (5,895 | ) | — |   | — |   | (284,648 | ) |
| Transfers into Level 3                                                                                                |       | —                                 |       | —         |       | —         |       | 10,876 |   | 91 |   | — |   | 10,967 |   |
| Transfers out of Level 3                                                                                              |       | (917,152                               | )          | —         |       | (33,912        | )          | (6,869 | ) | (86 | ) | — |   | (958,019 | ) |
| Balance, December 31, 2011                                                                                       |       | $                                      | 80,580     |           | $          | 12,984         |       | $ | — |   | $ | 27,812 |   | $ | 340 |   | $ | 4 |   | $ | 121,720 |   |
| Change in unrealized gains (losses) included in net   income related to Level 3 assets held at December 31, 2011 |       | $                                      | (6,610     | )(2)           | $          | —         |       | $ | — |   | $ | 324 | (3) | $ | — |   | $ | (2 | )(3) | $ | (6,288 | ) |

 

----

(1)    Represents a $(6,731) loss included in net realized gain (loss) on investments and a $6,327 gain included in investment income in the Consolidated Statements of Operations. 

(2)    Represents a $(6,609) loss included in net realized gain (loss) on investments and a $(1) loss included in investment income in the Consolidated Statements of Operations. 

(3)    Included in investment income in the Consolidated Statements of Operations.

 

F-26

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Table of Contents

 
|                                                                                                         |       |                                   |       |           |       |           |       |           |       |       |       |            |       |       |   |   |   |   |   |   |      |   |
|--------------------------------------------------------------------------------------------------------------|------------|----------------------------------------|------------|----------------|------------|----------------|------------|----------------|------------|------------|------------|-----------------|------------|------------|--------|--------|--------|--------|--------|--------|-----------|--------|
| ** **                                                                                                   | ** ** | **Available-for-Sale Securities** | ** ** | ** **     | ** ** | ** **     |       |
| ** **                                                                                                   | ** ** | **Residential**                        | ** ** | ** **     | ** ** | **Commercial** | ** ** | ** **     | ** ** | ** ** | ** ** | ** **      | ** ** | ** ** |   |
| ** **                                                                                                   | ** ** | **Mortgage**                           | ** ** | **Corporate**  | ** ** | **Mortgage**   | ** ** | **Asset**      | ** ** | ** ** | ** ** | ** **      | ** ** | ** ** |   |
| ** **                                                                                                   | ** ** | **Backed**                             | ** ** | **Debt**       | ** ** | **Backed**     | ** ** | **Backed**     | ** ** | **Common** | ** ** | ** **      | ** ** | ** ** |   |
| ** **                                                                                                   | ** ** | **Securities**                         | ** ** | **Securities** | ** ** | **Securities** | ** ** | **Securities** | ** ** | **Stocks** | ** ** | **Derivatives** | ** ** | **Total**  |   |
| ** **                                                                                                   | ** ** | **(in thousands)**                |       |
| Balance, January 1, 2010                                                                                |       | $                                      | 867,320    |           | $          | 12,104         |       | $              | —     |       | $          | 8,897           |       | $          | — |   | $      | — |   | $      | 888,321   |   |
| Total gains (losses) included in:                                                                            |       |                                   |       |           |       |           |       |           |       |       |       |            |       |       |   |
| Net income                                                                                                   |       | 5,471                                  | (1)        | —         |       | —         |       | 527            | (3)        | —     |       | 2               | (3)        | 6,000      |   |
| Other comprehensive income (loss)                                                                            |       | 60,911                                 |       | (59            | )          | 89             |       | 941            |       | 114        |       | —          |       | 61,996     |   |
| Purchases, sales, issues and settlements, net                                                                |       | 61,172                                 |       | (4,509         | )          | 10,100         |       | (708           | )          | —     |       | 4               |       | 66,059     |   |
| Transfers into Level 3                                                                                       |       | —                                 |       | —         |       | —         |       | —         |       | 230        |       | —          |       | 230        |   |
| Balance, December 31, 2010                                                                              |       | $                                      | 994,874    |           | $          | 7,536          |       | $              | 10,189     |       | $          | 9,657           |       | $          | 344    |   | $      | 6      |   | $      | 1,022,606 |   |
| Change in unrealized gains included in net income related   to Level 3 assets held at December 31, 2010 |       | $                                      | 4,816      | (2)            | $          | —         |       | $              | —     |       | $          | 526             | (3)        | $          | — |   | $      | 2      | (3)    | $      | 5,344     |   |

 

----

(1)   Represents a $(2,410) loss included in net realized gain (loss) on investments and a $7,881 gain included in investment income in the Consolidated Statements of Operations.

(2)   Represents a $(2,410) loss included in net realized gain (loss) on investments and a $7,226 gain included in investment income in the Consolidated Statements of Operations.

(3)   Included in investment income in the Consolidated Statements of Operations.

 

During the years ended December 31, 2012 and 2011, transfers from Level 3 to Level 2 included certain non-agency residential mortgage backed securities with a fair value of approximately $86.0 million and $897.5 million, respectively. The transfers reflect improved pricing transparency of these securities, a continuing trend of increased activity in the non-agency residential mortgage backed securities market and observability of significant inputs to the valuation methodology. All other securities transferred from Level 3 to Level 2 represent securities with fair values that are now obtained from a third party pricing service with observable inputs. Securities transferred from Level 2 to Level 3 represent securities with fair values that are now based on a single non-binding broker quote. ACC recognizes transfers between levels of the fair value hierarchy as of the beginning of the quarter in which each transfer occurred. For assets and liabilities held at the end of the reporting periods that are measured at fair value on a recurring basis, there were no transfers between Level 1 and Level 2.

 

The following table provides 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 and liabilities at December 31, 2012:

 
| ** **                                     | ** ** | ** **              | ** ** | ** **                   | ** **           | ** **                  | ** **                      | **Range**                   | ** **         |
|------------------------------------------------|------------|-------------------------|------------|------------------------------|----------------------|-----------------------------|---------------------------------|-----------------------------|--------------------|
| ** **                                     | ** ** | **Fair Value**     | ** ** | **Valuation Technique** | ** **           | **Unobservable Input** | ** **                      | **(Weighted Average)** | ** **         |
| ** **                                     | ** ** | **(in thousands)** | ** ** | ** **                   | ** **           | ** **                  | ** **                      | ** **                  | ** **         |
| Corporate debt securities (private placements) |       | $                       | 88,530     |                         | Discounted cash flow |                        | Yield/spread to U.S. Treasuries |                        | 1.4% - 1.7% (1.5%) |   |
|                                                |            |                         |            |                              |                      |                             |                                 |                             |                    |  |

 

Level 3 measurements not included in the table above are obtained from non-binding broker quotes where unobservable inputs are not reasonably available to ACC.

 

**Sensitivity of Fair Value Measurements to Changes in Unobservable Inputs**

 

Significant increases (decreases) in yield/spread to U.S. Treasuries used in the fair value measurement of Level 3 corporate debt securities in isolation would result 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.

 

F-27

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Table of Contents

 

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 maturities 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 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 primarily include U.S. Treasuries and common stocks. Level 2 securities primarily include residential mortgage backed securities, corporate bonds, commercial mortgage backed securities, asset backed securities, municipal bonds, U.S. agency securities and common stock. 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 primarily include certain non-agency residential mortgage backed securities, corporate bonds, commercial mortgage backed securities, asset backed securities and common stocks. The fair value of corporate bonds, non-agency residential mortgage backed securities, commercial mortgage backed securities and certain asset backed securities classified as Level 3 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.

 

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 (Equity Derivatives, Purchased and Written)*

 

The fair value of derivatives that are traded in less active over-the-counter markets are 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. The counterparties’ nonperformance risk associated with uncollateralized derivative assets was immaterial at December 31, 2012 and 2011. See Note 10 for further information on the credit risk of derivative instruments and related collateral.

 

*Certificate Reserves*

 

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.

 

During the reporting periods, there were no material assets or liabilities measured at fair value on a nonrecurring basis.

 

The following table provides 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 table with balances of assets and liabilities measured at fair value on a recurring basis.

 
| ** **                |       |                            |       |                            |       |             |       |             |       |      |       |                    |       |                |       |   |   |      |   |   |      |   |
|---------------------------|------------|---------------------------------|------------|---------------------------------|------------|------------------|------------|------------------|------------|-----------|------------|-------------------------|------------|---------------------|------------|--------|--------|-----------|--------|--------|-----------|--------|
| ** **                | ** ** | **December 31, 2012** | ** ** | **December 31, 2011** | ** ** |
| ** **                | ** ** | ** **                      | ** ** | **Fair Value**             | ** ** | ** **       | ** ** | ** **       | ** ** |
| ** **                | ** ** | **Carrying Value**         | ** ** | **Level 1**                | ** ** | **Level 2** | ** ** | **Level 3** | ** ** | **Total** | ** ** | **Carrying Value** | ** ** | **Fair Value** | ** ** |
| ** **                | ** ** | **(in thousands)**         | ** ** |
| **Financial Assets**      |       |                            |       |                            |       |             |       |             |       |      |       |                    |       |                |       |   |   |      |   |   |      |   |
| Syndicated loans          |       | $                               | 29,564     |                            | $          | —           |       | $                | 30,164     |      | $          | 369                     |       | $                   | 30,533     |   | $      | 53,747    |   | $      | 52,486    |   |
| Commercial mortgage loans |       | 121,249                         |       | —                          |       | —           |       | 126,197          |       | 126,197   |       | 116,081                 |       | 122,059             |       |
| Certificate loans         |       | 1,886                           |       | —                          |       | 1,886            |       | —           |       | 1,886     |       | 2,498                   |       | 2,498               |       |
| **Financial Liabilities** |       |                            |       |                            |       |             |       |             |       |      |       |                    |       |                |       |   |   |      |   |   |      |   |
| Certificate reserves      |       | $                               | 3,504,091  |                            | $          | —           |       | $                | —     |      | $          | 3,494,304               |       | $                   | 3,494,304  |   | $      | 2,771,174 |   | $      | 2,752,333 |   |

 

F-28

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Table of Contents

 

*Syndicated Loans*

 

The fair value of syndicated loans is obtained from a third party pricing service or non-binding broker quotes. Syndicated loans that are priced by multiple non-binding broker quotes are classified as Level 2 and loans priced using a single non-binding broker quote are classified as Level 3.

* *

*Commercial Mortgage Loans*

 

The fair value of commercial mortgage loans, except those with significant credit deterioration, is determined by discounting contractual cash flows using discount rates that reflect current pricing for loans with similar remaining maturities and characteristics including loan-to-value ratio, occupancy rate, refinance risk, debt-service coverage, location, and property condition. For commercial mortgage loans with significant credit deterioration, fair value is determined using the same adjustments as above with an additional adjustment for ACC’s estimate of the amount recoverable on the loan. Given the significant unobservable inputs to this valuation, these measurements are classified as Level 3.

* *

*Certificate Loans*

 

The fair value of certificate loans is determined using discounted cash flows. The fair value of certificate loans is classified as Level 2 

as the discount rate used to determine fair value is based on market interest rates.

* *

*Certificate Reserves*

 

The fair value of investment certificate reserves is determined by discounting cash flows using discount rates that reflect current pricing for assets with similar terms and characteristics, with adjustments for early withdrawal behavior, penalty fees, expense margin and ACC’s nonperformance risk specific to these liabilities. Given the use of significant unobservable inputs to this valuation, the measurement is classified as Level 3.

** **

**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 stock market certificates. ACC does not designate any derivatives for hedge accounting. The following table presents the balance sheet location and the gross fair value of derivative instruments, including embedded derivatives, by type of derivative and product:

 
|                                             |       |                            |       |                    |       |                   |       |                    |       |                          |       |     |       |   |   |   |   |
|--------------------------------------------------|------------|---------------------------------|------------|-------------------------|------------|------------------------|------------|-------------------------|------------|-------------------------------|------------|----------|------------|--------|--------|--------|--------|
| ** **                                       | ** ** | ** **                      | ** ** | **Asset**               | ** ** | ** **             | ** ** | **Liability**           | ** ** |
| **Derivatives not designated as** | ** ** | **Balance Sheet**          | ** ** | **December 31,**   | ** ** | **Balance Sheet** | ** ** | **December 31,**   | ** ** |
| **hedging instruments**                     | ** ** | **Location**                    | ** ** | **2012**                | ** ** | **2011**               | ** ** | **Location**            | ** ** | **2012**                      | ** ** | **2011** | ** ** |
| ** **                                       | ** ** | ** **                      | ** ** | **(in thousands)** | ** ** | ** **             | ** ** | **(in thousands)** | ** ** |
| **Equity**                                       |       |                            |       |                    |       |                   |       |                    |       |                          |       |     |       |
| Stock market certificates                        |       | Equity   derivatives, purchased |       | $                       | 37,003     |                   | $          | 34,389                  |       | Equity   derivatives, written |       | $        | 29,532     |   | $      | 28,979 |   |
| Equity warrants                                  |       | Equity   derivatives, purchased |       | —                  |       | 4                      |       | N/A                     |       | —                        |       | —   |       |
| Stock market certificates embedded derivatives   |       | N/A                             |       | —                  |       | —                 |       | Certificate   reserves  |       | 7,904                         |       | 5,551    |       |
| Total                                            |       |                            |       | $                       | 37,003     |                   | $          | 34,393                  |       |                          |       | $        | 37,436     |   | $      | 34,530 |   |

 

N/A  Not applicable.

 

See Note 9 for additional information regarding ACC’s fair value measurement of derivative instruments.

 

F-29

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Table of Contents

 

The following table presents a summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations for the years ended December 31:

 
| ** **                                       |   | ** **                                          |   | **Amount of Gain (Loss) on**    |       |
|--------------------------------------------------|--------|-----------------------------------------------------|--------|-----------------------------------------------------|------------|
| **Derivatives Not Designated as** |   | **Location of Gain (Loss) on**  |   | **Derivatives Recognized in Income** |       |
| **Hedging Instruments**                     |   | **Derivatives Recognized in Income** |   | **2012**                                            | ** ** | **2011** | ** ** | **2010** |   |
| ** **                                       |   | ** **                                          |   | **(in thousands)**                             |       |
| **Equity**                                       |   |                                                |   |                                                |       |   |   |   |   |
| Stock market certificates                        |   | Net   provision for certificate reserves            |   | $                                                   | 6,145      |   | $ | 744 |   | $ | 9,425 |   |
| Equity warrants                                  |   | Investment   income                                 |   | —                                              |       | 77 |   | 421 |   |
| Stock market certificates embedded derivatives   |   | Net   provision for certificate reserves            |   | (4,879                                              | )          | 86 |   | (10,095 | ) |
| Total                                            |   |                                                |   | $                                                   | 1,266      |   | $ | 907 |   | $ | (249 | ) |

 

Ameriprise Stock Market Certificates (“SMC”) offer a return based upon the relative change in a major stock market index between the beginning and end of the SMC’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. The gross notional amount of these derivative contracts was $1.1 billion and $1.3 billion at December 31, 2012 and 2011, respectively. 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 no counterparty risk. The gross notional amount of these derivative contracts was $781 thousand and $313 thousand at December 31, 2012 and 2011, respectively.

 

Equity warrants were received as part of a syndicated loan restructuring and do not constitute a hedge of underlying assets or liabilities.

** **

**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 arrangements and collateral arrangements whenever practical. As of December 31, 2012 and 2011, ACC held $2.4 million and $1.0 million, respectively, in cash and cash equivalents and recorded a corresponding liability in other liabilities for collateral ACC is obligated to return to counterparties. As of December 31, 2012 and 2011, ACC’s maximum credit exposure related to derivative assets after considering netting arrangements with counterparties and collateral arrangements was approximately $5.1 million and $4.5 million, respectively.

** **

**11.  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. In addition, a number of state and federal regulatory agencies have initiated examinations and other inquiries related to unclaimed property and escheatment practices and procedures.  The Ameriprise organization has cooperated and will continue to cooperate with applicable regulators regarding their inquiries.

 

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 its financial condition or results of operations. However, it is possible that the outcome of any such proceedings could have a material impact on ACC’s financial position or results of operations.

 

F-30

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Table of Contents

 
| **Ameriprise Certificate Company**                    | **Schedule I** |
|-------------------------------------------------------|----------------|
| **Investments of Securities in Unaffiliated Issuers** | ** **     |
| **As of December 31, 2012 (in 1000’s)**          | ** **     |

 
| **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**                                   |       |                |       |              |       |                                                                                         |       |                                                       |       | ** **                           |       |
| Apache Corp                                            |       | 1/2/2013            |       | 0.000             | %          | $                                                                                            | 25,000     |                                                       | $          | 25,000                               |       | $ | 25,000 |   |
| CVS Caremark Corp                                      |       | 1/2/2013            |       | 0.000             | %          | 41,100                                                                                       |       | 41,099                                                     |       | 41,099                               |       |
| Suncor Energy Inc                                      |       | 1/9/2013            |       | 0.000             | %          | 15,000                                                                                       |       | 14,999                                                     |       | 14,999                               |       |
| **Total - CASH EQUIVALENTS**                           | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **81,098**                                                 | ** ** | **81,098**                           | ** ** |
| ** **                                             | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **FIXED MATURITIES**                                   | ** ** | ** **          | ** ** | ** **        |       |                                                                                         |       |                                                       |       | ** **                           |       |
| **U.S. Government and Agencies   Obligations**         | ** ** | ** **          | ** ** | ** **        |       |                                                                                         |       |                                                       |       | ** **                           |       |
| UNITED STATES TREASURY                                 |       | 11/15/2028          |       | 5.250             | %          | 200                                                                                          |       | 214                                                        |       | 276                                  |       |
| UNITED STATES TREASURY                                 |       | 5/15/2014           |       | 4.750             | %          | 165                                                                                          |       | 166                                                        |       | 175                                  |       |
| **Total - U.S. Government and   Agencies Obligations** | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **380**                                                    | ** ** | **451**                              | ** ** |
|                                                   |       |                |       |              |       |                                                                                         |       |                                                       |       |                                 |       |
| **RESIDENTIAL MORTGAGE BACKED   SECURITIES**           |       |                |       |              |       |                                                                                         |       |                                                       |       |                                 |       |
| **Agency Residential Mortgage   Backed Securities:**   |       |                |       |              |       |                                                                                         |       |                                                       |       |                                 |       |
| FANNIE MAE FNMA_03-28                                  |       | 8/25/2022           |       | 5.000             | %          | 297                                                                                          |       | 297                                                        |       | 299                                  |       |
| FANNIE MAE FNMA_99-8                                   |       | 3/25/2014           |       | 6.000             | %          | 155                                                                                          |       | 155                                                        |       | 159                                  |       |
| FHLMC_2619                                             |       | 7/15/2022           |       | 5.000             | %          | 745                                                                                          |       | 746                                                        |       | 749                                  |       |
| FHLMC_2835                                             |       | 9/15/2032           |       | 4.500             | %          | 300                                                                                          |       | 300                                                        |       | 301                                  |       |
| FHLMC_2901                                             |       | 10/15/2033          |       | 4.500             | %          | 230                                                                                          |       | 230                                                        |       | 241                                  |       |
| FHLMC_2907                                             |       | 3/15/2019           |       | 4.500             | %          | 912                                                                                          |       | 910                                                        |       | 944                                  |       |
| FHLMC_3812                                             |       | 9/15/2018           |       | 2.750             | %          | 7,309                                                                                        |       | 7,406                                                      |       | 7,547                                |       |
| FNMA_10-17                                             |       | 11/25/2023          |       | 4.000             | %          | 7,659                                                                                        |       | 7,835                                                      |       | 7,804                                |       |
| FREDDIE MAC FHLMC_2550                                 |       | 7/15/2022           |       | 5.500             | %          | 326                                                                                          |       | 326                                                        |       | 330                                  |       |
| FREDDIE MAC FHLMC_2558                                 |       | 6/15/2022           |       | 5.500             | %          | 440                                                                                          |       | 441                                                        |       | 445                                  |       |
| FREDDIE MAC FHLMC_2574                                 |       | 12/15/2022          |       | 5.000             | %          | 828                                                                                          |       | 834                                                        |       | 861                                  |       |
| FREDDIE MAC FHLMC_2586                                 |       | 1/15/2023           |       | 5.500             | %          | 1,576                                                                                        |       | 1,596                                                      |       | 1,660                                |       |
| FREDDIE MAC FHLMC_2597                                 |       | 7/15/2022           |       | 5.500             | %          | 784                                                                                          |       | 784                                                        |       | 791                                  |       |
| FREDDIE MAC GOLD C90581                                |       | 8/1/2022            |       | 5.500             | %          | 482                                                                                          |       | 479                                                        |       | 521                                  |       |
| FREDDIE MAC GOLD C90582                                |       | 9/1/2022            |       | 5.500             | %          | 324                                                                                          |       | 322                                                        |       | 350                                  |       |
| FREDDIE MAC GOLD E01140                                |       | 5/1/2017            |       | 6.000             | %          | 1,458                                                                                        |       | 1,484                                                      |       | 1,580                                |       |
| FREDDIE MAC GOLD E76761                                |       | 5/1/2014            |       | 6.500             | %          | 76                                                                                           |       | 76                                                         |       | 79                                   |       |
| FREDDIE MAC GOLD E77557                                |       | 6/1/2014            |       | 6.500             | %          | 7                                                                                            |       | 7                                                          |       | 7                                    |       |
| FREDDIE MAC GOLD E90153                                |       | 6/1/2017            |       | 6.000             | %          | 267                                                                                          |       | 273                                                        |       | 289                                  |       |
| FREDDIE MAC GOLD E90154                                |       | 6/1/2017            |       | 6.000             | %          | 948                                                                                          |       | 968                                                        |       | 1,026                                |       |
| FREDDIE MAC GOLD E91041                                |       | 9/1/2017            |       | 5.000             | %          | 1,124                                                                                        |       | 1,124                                                      |       | 1,209                                |       |
| FREDDIE MAC GOLD E95403                                |       | 3/1/2018            |       | 5.000             | %          | 1,290                                                                                        |       | 1,313                                                      |       | 1,382                                |       |
| FREDDIE MAC GOLD E95556                                |       | 4/1/2013            |       | 4.500             | %          | 42                                                                                           |       | 42                                                         |       | 42                                   |       |
| FREDDIE MAC GOLD E95562                                |       | 4/1/2013            |       | 4.500             | %          | 72                                                                                           |       | 72                                                         |       | 72                                   |       |
| FREDDIE MAC GOLD E95671                                |       | 4/1/2018            |       | 5.000             | %          | 1,766                                                                                        |       | 1,797                                                      |       | 1,900                                |       |
| FREDDIE MAC GOLD E96172                                |       | 5/1/2013            |       | 4.500             | %          | 404                                                                                          |       | 405                                                        |       | 406                                  |       |
| FREDDIE MAC GOLD G10949                                |       | 7/1/2014            |       | 6.500             | %          | 33                                                                                           |       | 33                                                         |       | 34                                   |       |
| FREDDIE MAC GOLD G11004                                |       | 4/1/2015            |       | 7.000             | %          | 31                                                                                           |       | 31                                                         |       | 32                                   |       |
| FREDDIE MAC GOLD G11193                                |       | 8/1/2016            |       | 5.000             | %          | 714                                                                                          |       | 709                                                        |       | 765                                  |       |
| FREDDIE MAC GOLD G11298                                |       | 8/1/2017            |       | 5.000             | %          | 1,204                                                                                        |       | 1,204                                                      |       | 1,296                                |       |
| FREDDIE MAC GOLD G30227                                |       | 5/1/2023            |       | 5.500             | %          | 1,576                                                                                        |       | 1,626                                                      |       | 1,715                                |       |
| FSPC_T-76                                              |       | 10/25/2037          |       | 3.835             | %          | 16,457                                                                                       |       | 16,795                                                     |       | 16,761                               |       |
| FHLMC 1B0183                                           |       | 12/1/2031           |       | 2.781             | %          | 351                                                                                          |       | 347                                                        |       | 356                                  |       |
| FHLMC 1N1474                                           |       | 5/1/2037            |       | 2.735             | %          | 5,459                                                                                        |       | 5,670                                                      |       | 5,768                                |       |
| FHLMC 350190                                           |       | 5/1/2022            |       | 2.375             | %          | 60                                                                                           |       | 60                                                         |       | 61                                   |       |
| FHLMC 405014                                           |       | 1/1/2019            |       | 2.260             | %          | 31                                                                                           |       | 32                                                         |       | 32                                   |       |
| FHLMC 405092                                           |       | 3/1/2019            |       | 2.125             | %          | 45                                                                                           |       | 45                                                         |       | 45                                   |       |
| FHLMC 405185                                           |       | 10/1/2018           |       | 2.125             | %          | 81                                                                                           |       | 81                                                         |       | 85                                   |       |
| FHLMC 405243                                           |       | 7/1/2019            |       | 2.260             | %          | 60                                                                                           |       | 60                                                         |       | 60                                   |       |
| FHLMC 405437                                           |       | 10/1/2019           |       | 2.400             | %          | 62                                                                                           |       | 62                                                         |       | 66                                   |       |
| FHLMC 405615                                           |       | 10/1/2019           |       | 2.232             | %          | 55                                                                                           |       | 55                                                         |       | 59                                   |       |
| FHLMC 605041                                           |       | 2/1/2019            |       | 2.267             | %          | 13                                                                                           |       | 13                                                         |       | 13                                   |       |
| FHLMC 605048                                           |       | 11/1/2018           |       | 1.928             | %          | 10                                                                                           |       | 10                                                         |       | 10                                   |       |
| FHLMC 605432                                           |       | 8/1/2017            |       | 2.088             | %          | 46                                                                                           |       | 46                                                         |       | 46                                   |       |
| FHLMC 605433                                           |       | 9/1/2017            |       | 2.021             | %          | 72                                                                                           |       | 72                                                         |       | 76                                   |       |
| FHLMC 605454                                           |       | 10/1/2017           |       | 2.049             | %          | 50                                                                                           |       | 50                                                         |       | 50                                   |       |
| FHLMC 606024                                           |       | 2/1/2019            |       | 2.029             | %          | 47                                                                                           |       | 47                                                         |       | 48                                   |       |
| FHLMC 606025                                           |       | 7/1/2019            |       | 1.774             | %          | 205                                                                                          |       | 205                                                        |       | 209                                  |       |
| FHLMC 780514                                           |       | 5/1/2033            |       | 5.123             | %          | 1,236                                                                                        |       | 1,268                                                      |       | 1,315                                |       |
| FHLMC 780845                                           |       | 9/1/2033            |       | 4.573             | %          | 919                                                                                          |       | 894                                                        |       | 946                                  |       |
| FHLMC 780903                                           |       | 9/1/2033            |       | 4.503             | %          | 963                                                                                          |       | 954                                                        |       | 1,022                                |       |
| FHLMC 781884                                           |       | 8/1/2034            |       | 5.149             | %          | 4,695                                                                                        |       | 4,751                                                      |       | 4,932                                |       |
| FHLMC 785363                                           |       | 2/1/2025            |       | 2.592             | %          | 159                                                                                          |       | 160                                                        |       | 168                                  |       |
| FHLMC 788941                                           |       | 12/1/2031           |       | 2.375             | %          | 146                                                                                          |       | 145                                                        |       | 154                                  |       |
| FHLMC 840031                                           |       | 1/1/2019            |       | 2.250             | %          | 6                                                                                            |       | 6                                                          |       | 6                                    |       |
| FHLMC 840035                                           |       | 1/1/2019            |       | 2.293             | %          | 48                                                                                           |       | 47                                                         |       | 49                                   |       |
| FHLMC 840036                                           |       | 1/1/2019            |       | 2.375             | %          | 26                                                                                           |       | 26                                                         |       | 28                                   |       |
| FHLMC 840072                                           |       | 6/1/2019            |       | 2.125             | %          | 57                                                                                           |       | 57                                                         |       | 58                                   |       |
| FHLMC 845154                                           |       | 7/1/2022            |       | 2.339             | %          | 68                                                                                           |       | 69                                                         |       | 71                                   |       |
| FHLMC 845523                                           |       | 11/1/2023           |       | 2.264             | %          | 49                                                                                           |       | 50                                                         |       | 53                                   |       |
| FHLMC 845654                                           |       | 2/1/2024            |       | 2.579             | %          | 272                                                                                          |       | 273                                                        |       | 290                                  |       |
| FHLMC 845730                                           |       | 11/1/2023           |       | 2.353             | %          | 253                                                                                          |       | 261                                                        |       | 261                                  |       |
| FHLMC 845733                                           |       | 4/1/2024            |       | 2.356             | %          | 336                                                                                          |       | 338                                                        |       | 340                                  |       |
| FHLMC 846072                                           |       | 10/1/2029           |       | 2.469             | %          | 102                                                                                          |       | 104                                                        |       | 109                                  |       |
| FHLMC 846107                                           |       | 2/1/2025            |       | 3.115             | %          | 75                                                                                           |       | 75                                                         |       | 78                                   |       |
| FHLMC 865008                                           |       | 2/1/2018            |       | 2.657             | %          | 103                                                                                          |       | 104                                                        |       | 107                                  |       |
| FNMA 070007                                            |       | 7/1/2017            |       | 1.887             | %          | 37                                                                                           |       | 38                                                         |       | 39                                   |       |
| FNMA 070117                                            |       | 9/1/2017            |       | 2.277             | %          | 11                                                                                           |       | 11                                                         |       | 11                                   |       |
| FNMA 088879                                            |       | 11/1/2019           |       | 4.595             | %          | 147                                                                                          |       | 148                                                        |       | 151                                  |       |
| FNMA 089125                                            |       | 8/1/2019            |       | 1.877             | %          | 170                                                                                          |       | 171                                                        |       | 171                                  |       |
| FNMA 105989                                            |       | 8/1/2020            |       | 3.997             | %          | 51                                                                                           |       | 52                                                         |       | 51                                   |       |
| FNMA 190726                                            |       | 3/1/2033            |       | 4.825             | %          | 294                                                                                          |       | 300                                                        |       | 315                                  |       |
| FNMA 249907                                            |       | 2/1/2024            |       | 2.625             | %          | 322                                                                                          |       | 323                                                        |       | 342                                  |       |
| FNMA 252259                                            |       | 2/1/2014            |       | 5.500             | %          | 2                                                                                            |       | 2                                                          |       | 2                                    |       |
|                                                        |            |                     |            |                   |            |                                                                                              |            |                                                            |            |                                      |            |  |  |  |

 

F-31

----

Table of Contents

 
| **ISSUER**     | ** ** | **MATURITY   DATE** | ** ** | **COUPON   RATE** | ** ** | **PRINCIPAL   AMOUNT OF   BONDS & NOTES   OR # of SHARES** | ** ** | **AMORTIZED COST   (NOTES a & b)** | ** ** | **CARRYING   VALUE   (NOTE a)** | ** ** |
|----------------|------------|---------------------|------------|-------------------|------------|----------------------------------------------------------------------------------------------|------------|------------------------------------------------------------|------------|--------------------------------------|------------|
| FNMA 252344    |       | 3/1/2014            |       | 5.500             | %          | 169                                                                                          |       | 168                                                        |       | 174                                  |       |
| FNMA 252381    |       | 4/1/2014            |       | 5.500             | %          | 194                                                                                          |       | 192                                                        |       | 208                                  |       |
| FNMA 254586    |       | 1/1/2013            |       | 5.000             | %          | 2                                                                                            |       | 2                                                          |       | 2                                    |       |
| FNMA 254590    |       | 1/1/2018            |       | 5.000             | %          | 3,690                                                                                        |       | 3,701                                                      |       | 4,010                                |       |
| FNMA 254591    |       | 1/1/2018            |       | 5.500             | %          | 2,168                                                                                        |       | 2,207                                                      |       | 2,336                                |       |
| FNMA 254663    |       | 2/1/2013            |       | 5.000             | %          | 4                                                                                            |       | 4                                                          |       | 4                                    |       |
| FNMA 303259    |       | 3/1/2025            |       | 2.218             | %          | 155                                                                                          |       | 159                                                        |       | 166                                  |       |
| FNMA 303970    |       | 9/1/2024            |       | 6.000             | %          | 1,021                                                                                        |       | 1,009                                                      |       | 1,135                                |       |
| FNMA 323290    |       | 9/1/2013            |       | 6.000             | %          | 2                                                                                            |       | 2                                                          |       | 2                                    |       |
| FNMA 323748    |       | 4/1/2014            |       | 6.500             | %          | 113                                                                                          |       | 112                                                        |       | 115                                  |       |
| FNMA 323833    |       | 7/1/2014            |       | 6.000             | %          | 46                                                                                           |       | 46                                                         |       | 48                                   |       |
| FNMA 509806    |       | 8/1/2014            |       | 6.500             | %          | 60                                                                                           |       | 59                                                         |       | 62                                   |       |
| FNMA 545249    |       | 10/1/2016           |       | 5.500             | %          | 927                                                                                          |       | 927                                                        |       | 996                                  |       |
| FNMA 545303    |       | 9/1/2016            |       | 5.000             | %          | 1,866                                                                                        |       | 1,851                                                      |       | 2,029                                |       |
| FNMA 545492    |       | 2/1/2022            |       | 5.500             | %          | 559                                                                                          |       | 554                                                        |       | 608                                  |       |
| FNMA 545786    |       | 6/1/2032            |       | 2.279             | %          | 344                                                                                          |       | 345                                                        |       | 363                                  |       |
| FNMA 566074    |       | 5/1/2031            |       | 2.400             | %          | 681                                                                                          |       | 681                                                        |       | 711                                  |       |
| FNMA 584507    |       | 6/1/2031            |       | 2.285             | %          | 368                                                                                          |       | 367                                                        |       | 386                                  |       |
| FNMA 584829    |       | 5/1/2016            |       | 6.000             | %          | 221                                                                                          |       | 219                                                        |       | 235                                  |       |
| FNMA 585743    |       | 5/1/2016            |       | 5.500             | %          | 651                                                                                          |       | 652                                                        |       | 700                                  |       |
| FNMA 616220    |       | 11/1/2016           |       | 5.000             | %          | 697                                                                                          |       | 689                                                        |       | 758                                  |       |
| FNMA 617270    |       | 1/1/2017            |       | 5.000             | %          | 988                                                                                          |       | 980                                                        |       | 1,074                                |       |
| FNMA 620293    |       | 1/1/2032            |       | 2.400             | %          | 682                                                                                          |       | 677                                                        |       | 710                                  |       |
| FNMA 622462    |       | 12/1/2016           |       | 5.500             | %          | 847                                                                                          |       | 840                                                        |       | 910                                  |       |
| FNMA 623866    |       | 2/1/2017            |       | 5.000             | %          | 1,122                                                                                        |       | 1,118                                                      |       | 1,220                                |       |
| FNMA 625943    |       | 3/1/2017            |       | 5.000             | %          | 983                                                                                          |       | 980                                                        |       | 1,068                                |       |
| FNMA 651629    |       | 8/1/2032            |       | 2.787             | %          | 490                                                                                          |       | 490                                                        |       | 520                                  |       |
| FNMA 654158    |       | 10/1/2032           |       | 2.165             | %          | 690                                                                                          |       | 691                                                        |       | 723                                  |       |
| FNMA 654195    |       | 10/1/2032           |       | 2.165             | %          | 1,290                                                                                        |       | 1,290                                                      |       | 1,352                                |       |
| FNMA 655646    |       | 8/1/2032            |       | 2.852             | %          | 628                                                                                          |       | 629                                                        |       | 669                                  |       |
| FNMA 655798    |       | 8/1/2032            |       | 2.748             | %          | 829                                                                                          |       | 828                                                        |       | 882                                  |       |
| FNMA 661349    |       | 9/1/2032            |       | 2.329             | %          | 300                                                                                          |       | 301                                                        |       | 315                                  |       |
| FNMA 661501    |       | 9/1/2032            |       | 2.565             | %          | 348                                                                                          |       | 349                                                        |       | 364                                  |       |
| FNMA 661744    |       | 10/1/2032           |       | 2.256             | %          | 557                                                                                          |       | 559                                                        |       | 576                                  |       |
| FNMA 664521    |       | 10/1/2032           |       | 2.455             | %          | 208                                                                                          |       | 209                                                        |       | 218                                  |       |
| FNMA 664750    |       | 10/1/2032           |       | 2.604             | %          | 501                                                                                          |       | 501                                                        |       | 531                                  |       |
| FNMA 670731    |       | 11/1/2032           |       | 2.040             | %          | 529                                                                                          |       | 531                                                        |       | 543                                  |       |
| FNMA 670779    |       | 11/1/2032           |       | 2.051             | %          | 1,252                                                                                        |       | 1,261                                                      |       | 1,325                                |       |
| FNMA 670890    |       | 12/1/2032           |       | 1.942             | %          | 845                                                                                          |       | 848                                                        |       | 882                                  |       |
| FNMA 670912    |       | 12/1/2032           |       | 1.922             | %          | 697                                                                                          |       | 699                                                        |       | 733                                  |       |
| FNMA 670947    |       | 12/1/2032           |       | 1.920             | %          | 960                                                                                          |       | 965                                                        |       | 1,002                                |       |
| FNMA 694852    |       | 4/1/2033            |       | 4.737             | %          | 873                                                                                          |       | 888                                                        |       | 931                                  |       |
| FNMA 703446    |       | 5/1/2018            |       | 4.500             | %          | 7,271                                                                                        |       | 7,417                                                      |       | 7,841                                |       |
| FNMA 704592    |       | 5/1/2018            |       | 5.000             | %          | 2,166                                                                                        |       | 2,203                                                      |       | 2,365                                |       |
| FNMA 708635    |       | 6/1/2018            |       | 5.000             | %          | 1,404                                                                                        |       | 1,428                                                      |       | 1,510                                |       |
| FNMA 722779    |       | 9/1/2033            |       | 4.404             | %          | 3,004                                                                                        |       | 3,010                                                      |       | 3,199                                |       |
| FNMA 725558    |       | 6/1/2034            |       | 2.736             | %          | 822                                                                                          |       | 816                                                        |       | 869                                  |       |
| FNMA 725694    |       | 7/1/2034            |       | 4.732             | %          | 916                                                                                          |       | 897                                                        |       | 982                                  |       |
| FNMA 725719    |       | 7/1/2033            |       | 4.775             | %          | 2,171                                                                                        |       | 2,163                                                      |       | 2,288                                |       |
| FNMA 733525    |       | 8/1/2033            |       | 3.889             | %          | 2,333                                                                                        |       | 2,239                                                      |       | 2,437                                |       |
| FNMA 735702    |       | 7/1/2035            |       | 2.679             | %          | 11,070                                                                                       |       | 11,406                                                     |       | 11,763                               |       |
| FNMA 739194    |       | 9/1/2033            |       | 5.036             | %          | 730                                                                                          |       | 732                                                        |       | 776                                  |       |
| FNMA 743256    |       | 10/1/2033           |       | 4.491             | %          | 1,478                                                                                        |       | 1,458                                                      |       | 1,569                                |       |
| FNMA 743856    |       | 11/1/2033           |       | 4.732             | %          | 493                                                                                          |       | 494                                                        |       | 523                                  |       |
| FNMA 758873    |       | 12/1/2033           |       | 4.458             | %          | 1,372                                                                                        |       | 1,358                                                      |       | 1,458                                |       |
| FNMA 774968    |       | 4/1/2034            |       | 4.297             | %          | 563                                                                                          |       | 570                                                        |       | 601                                  |       |
| FNMA 794787    |       | 10/1/2034           |       | 5.067             | %          | 2,328                                                                                        |       | 2,357                                                      |       | 2,511                                |       |
| FNMA 799733    |       | 11/1/2034           |       | 2.617             | %          | 1,415                                                                                        |       | 1,439                                                      |       | 1,505                                |       |
| FNMA 801917    |       | 10/1/2034           |       | 4.941             | %          | 1,473                                                                                        |       | 1,480                                                      |       | 1,582                                |       |
| FNMA 804561    |       | 9/1/2034            |       | 2.274             | %          | 1,813                                                                                        |       | 1,816                                                      |       | 1,932                                |       |
| FNMA 807219    |       | 1/1/2035            |       | 2.806             | %          | 5,829                                                                                        |       | 5,878                                                      |       | 6,232                                |       |
| FNMA 809532    |       | 2/1/2035            |       | 4.993             | %          | 1,200                                                                                        |       | 1,209                                                      |       | 1,294                                |       |
| FNMA 834552    |       | 8/1/2035            |       | 2.955             | %          | 1,985                                                                                        |       | 1,996                                                      |       | 2,103                                |       |
| FNMA 889335    |       | 6/1/2018            |       | 4.500             | %          | 6,712                                                                                        |       | 6,858                                                      |       | 7,239                                |       |
| FNMA 889485    |       | 6/1/2036            |       | 2.801             | %          | 11,032                                                                                       |       | 11,228                                                     |       | 11,726                               |       |
| FNMA 922674    |       | 4/1/2036            |       | 2.935             | %          | 6,620                                                                                        |       | 6,789                                                      |       | 7,097                                |       |
| FNMA 968438    |       | 1/1/2038            |       | 2.741             | %          | 10,493                                                                                       |       | 11,056                                                     |       | 11,265                               |       |
| FNMA 995123    |       | 8/1/2037            |       | 2.999             | %          | 5,411                                                                                        |       | 5,608                                                      |       | 5,811                                |       |
| FNMA 995548    |       | 9/1/2035            |       | 2.673             | %          | 7,582                                                                                        |       | 7,760                                                      |       | 8,056                                |       |
| FNMA 995614    |       | 8/1/2037            |       | 1.786             | %          | 4,078                                                                                        |       | 4,303                                                      |       | 4,362                                |       |
| FNMA AB1980    |       | 12/1/2020           |       | 3.000             | %          | 15,456                                                                                       |       | 15,789                                                     |       | 16,321                               |       |
| FNMA AB5230    |       | 5/1/2027            |       | 2.500             | %          | 22,998                                                                                       |       | 23,563                                                     |       | 24,067                               |       |
| FNMA AL2269    |       | 10/1/2040           |       | 3.774             | %          | 27,033                                                                                       |       | 28,798                                                     |       | 28,743                               |       |
| FNMA AO8746    |       | 8/1/2027            |       | 2.500             | %          | 46,856                                                                                       |       | 48,622                                                     |       | 49,033                               |       |
| FNMA MA0099    |       | 6/1/2019            |       | 4.000             | %          | 7,352                                                                                        |       | 7,441                                                      |       | 7,875                                |       |
| FNMA MA0598    |       | 12/1/2020           |       | 3.500             | %          | 14,179                                                                                       |       | 14,694                                                     |       | 15,045                               |       |
| FNMA MA1144    |       | 8/1/2027            |       | 2.500             | %          | 23,841                                                                                       |       | 24,783                                                     |       | 24,944                               |       |
| GNMA II 008157 |       | 3/20/2023           |       | 1.625             | %          | 148                                                                                          |       | 149                                                        |       | 154                                  |       |
| GNMA II 008206 |       | 3/20/2017           |       | 2.000             | %          | 45                                                                                           |       | 45                                                         |       | 47                                   |       |
| GNMA II 008240 |       | 7/20/2017           |       | 1.750             | %          | 33                                                                                           |       | 32                                                         |       | 34                                   |       |
| GNMA II 008251 |       | 8/20/2017           |       | 2.000             | %          | 2                                                                                            |       | 2                                                          |       | 3                                    |       |
| GNMA II 008274 |       | 10/20/2017          |       | 2.500             | %          | 100                                                                                          |       | 99                                                         |       | 104                                  |       |
| GNMA II 008283 |       | 11/20/2017          |       | 2.500             | %          | 10                                                                                           |       | 10                                                         |       | 11                                   |       |
| GNMA II 008293 |       | 12/20/2017          |       | 2.500             | %          | 22                                                                                           |       | 22                                                         |       | 23                                   |       |
| GNMA II 008341 |       | 4/20/2018           |       | 2.500             | %          | 4                                                                                            |       | 4                                                          |       | 4                                    |       |
| GNMA II 008353 |       | 5/20/2018           |       | 2.500             | %          | 46                                                                                           |       | 46                                                         |       | 48                                   |       |
| GNMA II 008365 |       | 6/20/2018           |       | 2.500             | %          | 64                                                                                           |       | 62                                                         |       | 66                                   |       |
| GNMA II 008377 |       | 7/20/2018           |       | 2.500             | %          | 23                                                                                           |       | 23                                                         |       | 24                                   |       |
| GNMA II 008428 |       | 11/20/2018          |       | 3.500             | %          | 7                                                                                            |       | 7                                                          |       | 8                                    |       |
| GNMA II 008440 |       | 12/20/2018          |       | 3.500             | %          | 32                                                                                           |       | 32                                                         |       | 33                                   |       |
| GNMA II 008638 |       | 6/20/2025           |       | 1.750             | %          | 165                                                                                          |       | 166                                                        |       | 173                                  |       |
| GNMA II 082464 |       | 1/20/2040           |       | 4.000             | %          | 9,738                                                                                        |       | 10,493                                                     |       | 10,451                               |       |
| GNMA II 082497 |       | 3/20/2040           |       | 3.500             | %          | 18,138                                                                                       |       | 19,312                                                     |       | 19,377                               |       |
| GNMA II 082581 |       | 7/20/2040           |       | 4.000             | %          | 32,046                                                                                       |       | 34,452                                                     |       | 34,477                               |       |
| GNMA II 082602 |       | 8/20/2040           |       | 4.000             | %          | 34,454                                                                                       |       | 37,067                                                     |       | 37,066                               |       |
| GNMA II 082794 |       | 4/20/2041           |       | 3.500             | %          | 40,654                                                                                       |       | 43,483                                                     |       | 43,415                               |       |
| GNMA_10-59     |       | 3/20/2036           |       | 4.000             | %          | 20,000                                                                                       |       | 21,234                                                     |       | 21,208                               |       |

 

F-32

----

Table of Contents

 
| **ISSUER**                                                | ** ** | **MATURITY   DATE** | ** ** | **COUPON   RATE** | ** ** | **PRINCIPAL   AMOUNT OF   BONDS & NOTES   OR # of SHARES** | ** ** | **AMORTIZED COST   (NOTES a & b)** | ** ** | **CARRYING   VALUE   (NOTE a)** | ** ** |
|-----------------------------------------------------------|------------|---------------------|------------|-------------------|------------|----------------------------------------------------------------------------------------------|------------|------------------------------------------------------------|------------|--------------------------------------|------------|
| GNMA_11-72                                                |       | 6/20/2038           |       | 4.000             | %          | 22,113                                                                                       |       | 23,356                                                     |       | 23,133                               |       |
| **Total Agency Residential Mortgage   Backed Securities** |       |                |       |              |       |                                                                                         | ** ** | **557,436**                                                | ** ** | **568,029**                          | ** ** |
| ** **                                                | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **Non-Agency Residential Mortgage   Backed Securities:**  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| ABSHE_05-HE2                                              |       | 2/25/2035           |       | 0.885             | %          | 4,658                                                                                        |       | 4,210                                                      |       | 4,474                                |       |
| ACCR_05-4                                                 |       | 12/25/2035          |       | 0.420             | %          | 657                                                                                          |       | 650                                                        |       | 655                                  |       |
| AGFMT_10-1A                                               |       | 3/25/2058           |       | 5.150             | %          | 10,440                                                                                       |       | 10,622                                                     |       | 10,713                               |       |
| ARMT_2004-2                                               |       | 2/25/2035           |       | 2.865             | %          | 1,600                                                                                        |       | 1,624                                                      |       | 1,562                                |       |
| BAA_2003-1                                                |       | 2/25/2033           |       | 5.000             | %          | 986                                                                                          |       | 988                                                        |       | 1,016                                |       |
| BAFC_05-G                                                 |       | 10/20/2035          |       | 5.199             | %          | 6,884                                                                                        |       | 6,479                                                      |       | 6,820                                |       |
| BAFC_12-R5                                                |       | 10/3/2039           |       | 0.474             | %          | 12,742                                                                                       |       | 12,304                                                     |       | 12,333                               |       |
| BALTA_05-2                                                |       | 4/25/2035           |       | 2.965             | %          | 3,891                                                                                        |       | 3,883                                                      |       | 3,306                                |       |
| BALTA_05-2                                                |       | 4/25/2035           |       | 3.355             | %          | 4,020                                                                                        |       | 218                                                        |       | 227                                  | **(c)**    |
| BANC OF AMERICA FUNDING CORP B                            |       | 9/20/2035           |       | 3.085             | %          | 3,908                                                                                        |       | 3,527                                                      |       | 2,950                                | **(c)**    |
| BCAP LLC TRUST BCAP_09-RR8                                |       | 3/26/2037           |       | 5.500             | %          | 6,686                                                                                        |       | 6,637                                                      |       | 6,923                                |       |
| BCAP LLC TRUST BCAP_12-RR6                                |       | 5/26/2036           |       | 2.707             | %          | 11,726                                                                                       |       | 11,675                                                     |       | 11,755                               |       |
| BCAP_09-RR1                                               |       | 11/26/2034          |       | 2.624             | %          | 4,843                                                                                        |       | 4,627                                                      |       | 4,898                                |       |
| BCAP_09-RR1                                               |       | 5/26/2035           |       | 2.626             | %          | 17,777                                                                                       |       | 16,962                                                     |       | 18,033                               |       |
| BCAP_09-RR1                                               |       | 5/26/2035           |       | 2.627             | %          | 10,813                                                                                       |       | 10,308                                                     |       | 11,013                               |       |
| BCAP_09-RR13                                              |       | 7/26/2037           |       | 6.048             | %          | 10,838                                                                                       |       | 11,096                                                     |       | 11,190                               |       |
| BCAP_10-RR6                                               |       | 10/26/2035          |       | 5.500             | %          | 8,188                                                                                        |       | 8,391                                                      |       | 8,361                                |       |
| BCAP_10-RR6                                               |       | 1/26/2037           |       | 4.737             | %          | 906                                                                                          |       | 905                                                        |       | 913                                  |       |
| BCAP_10-RR7                                               |       | 4/26/2035           |       | 5.000             | %          | 5,336                                                                                        |       | 5,377                                                      |       | 5,450                                |       |
| BCAP_11-RR10                                              |       | 6/26/2035           |       | 2.627             | %          | 20,230                                                                                       |       | 20,232                                                     |       | 20,717                               |       |
| BCAP_11-RR11                                              |       | 10/26/2035          |       | 2.649             | %          | 13,585                                                                                       |       | 13,483                                                     |       | 13,728                               |       |
| BCAP_12-RR10                                              |       | 3/26/2036           |       | 2.626             | %          | 47,076                                                                                       |       | 48,201                                                     |       | 48,300                               |       |
| BCAP_12-RR10                                              |       | 3/26/2036           |       | 3.000             | %          | 8,150                                                                                        |       | 8,257                                                      |       | 8,263                                |       |
| BCAP_12-RR11                                              |       | 7/26/2036           |       | 2.614             | %          | 14,777                                                                                       |       | 15,227                                                     |       | 15,211                               |       |
| BCAP_12-RR11                                              |       | 7/26/2037           |       | 3.000             | %          | 36,030                                                                                       |       | 36,912                                                     |       | 36,953                               |       |
| BCAP_12-RR12                                              |       | 6/26/2035           |       | 3.000             | %          | 16,103                                                                                       |       | 16,527                                                     |       | 16,526                               |       |
| BCAP_12-RR12                                              |       | 6/26/2037           |       | 3.000             | %          | 23,910                                                                                       |       | 24,524                                                     |       | 24,523                               |       |
| BCAP_12-RR5                                               |       | 10/26/2036          |       | 2.727             | %          | 11,774                                                                                       |       | 11,843                                                     |       | 12,077                               |       |
| BOAMS_03-I                                                |       | 10/25/2033          |       | 3.159             | %          | 4,300                                                                                        |       | 4,286                                                      |       | 4,360                                |       |
| BOAMS_04-5                                                |       | 6/25/2019           |       | 5.000             | %          | 1,185                                                                                        |       | 1,203                                                      |       | 1,220                                |       |
| BOAMS_04-B                                                |       | 3/25/2034           |       | 3.026             | %          | 5,260                                                                                        |       | 5,245                                                      |       | 2,585                                |       |
| BOAMS_04G                                                 |       | 8/25/2034           |       | 3.082             | %          | 5,677                                                                                        |       | 1,561                                                      |       | 194                                  | **(c)**    |
| BOAMS_06-B                                                |       | 11/20/2046          |       | 3.209             | %          | 2,759                                                                                        |       | 2,486                                                      |       | 2,213                                | **(c)**    |
| BOAMS_2004-E                                              |       | 6/25/2034           |       | 3.102             | %          | 8,762                                                                                        |       | 8,721                                                      |       | 8,539                                |       |
| BOAMS_2004-E                                              |       | 6/25/2034           |       | 3.077             | %          | 3,921                                                                                        |       | 3,270                                                      |       | 1,286                                | **(c)**    |
| BOAMS_2004-H                                              |       | 9/25/2034           |       | 3.071             | %          | 3,096                                                                                        |       | 1,543                                                      |       | 509                                  | **(c)**    |
| BSMF_06-AR5                                               |       | 12/25/2046          |       | 0.420             | %          | 7,637                                                                                        |       | 3,164                                                      |       | 1,339                                | **(c)**    |
| BVMBS_05-1                                                |       | 2/22/2035           |       | 3.049             | %          | 5,578                                                                                        |       | 5,562                                                      |       | 5,110                                |       |
| CBASS_05-RP2                                              |       | 9/25/2035           |       | 6.090             | %          | 603                                                                                          |       | 598                                                        |       | 606                                  |       |
| CENTEX HOME EQUITY CHECK_03-A                             |       | 12/25/2031          |       | 4.250             | %          | 1,624                                                                                        |       | 1,613                                                      |       | 1,648                                |       |
| CFAB_03-2                                                 |       | 8/25/2014           |       | 4.364             | %          | 3,482                                                                                        |       | 3,505                                                      |       | 3,501                                |       |
| CFLX_07-M1                                                |       | 8/25/2037           |       | 0.360             | %          | 12,380                                                                                       |       | 11,947                                                     |       | 7,120                                | **(c)**    |
| CHASE_03-S10                                              |       | 11/25/2018          |       | 4.750             | %          | 2,935                                                                                        |       | 3,021                                                      |       | 3,007                                |       |
| CHASE_07-A1                                               |       | 2/25/2037           |       | 3.037             | %          | 14,941                                                                                       |       | 14,803                                                     |       | 14,823                               |       |
| CMLTI_05-3                                                |       | 8/25/2035           |       | 2.689             | %          | 3,330                                                                                        |       | 3,156                                                      |       | 2,850                                | **(c)**    |
| CMLTI_09-6                                                |       | 4/25/2037           |       | 0.280             | %          | 2,365                                                                                        |       | 2,329                                                      |       | 2,243                                |       |
| CMLTI_09-7                                                |       | 4/25/2037           |       | 0.310             | %          | 578                                                                                          |       | 576                                                        |       | 577                                  |       |
| CMLTI_10-10                                               |       | 11/25/2035          |       | 2.877             | %          | 3,380                                                                                        |       | 3,373                                                      |       | 3,387                                |       |
| CMLTI_10-7                                                |       | 2/25/2035           |       | 2.767             | %          | 3,011                                                                                        |       | 3,011                                                      |       | 3,069                                |       |
| CMLTI_10-7                                                |       | 9/25/2037           |       | 1.214             | %          | 9,588                                                                                        |       | 9,476                                                      |       | 9,412                                |       |
| CMLTI_10-8                                                |       | 11/25/2036          |       | 4.000             | %          | 23,305                                                                                       |       | 23,566                                                     |       | 24,153                               |       |
| CMLTI_10-9                                                |       | 11/25/2035          |       | 2.809             | %          | 2,571                                                                                        |       | 2,614                                                      |       | 2,592                                |       |
| CMLTI_11-2                                                |       | 9/25/2037           |       | 3.500             | %          | 2,613                                                                                        |       | 2,585                                                      |       | 2,637                                |       |
| CMLTI_12-4                                                |       | 11/25/2035          |       | 2.621             | %          | 10,525                                                                                       |       | 10,547                                                     |       | 10,686                               |       |
| CMLTI_12-6                                                |       | 4/25/2037           |       | 2.838             | %          | 12,890                                                                                       |       | 12,890                                                     |       | 13,247                               |       |
| CMLTI_12-6                                                |       | 8/25/2036           |       | 2.752             | %          | 8,993                                                                                        |       | 9,035                                                      |       | 9,120                                |       |
| CMLTI_12-7                                                |       | 9/25/2036           |       | 3.045             | %          | 22,571                                                                                       |       | 22,700                                                     |       | 22,740                               |       |
| CMLTI_12-7                                                |       | 9/25/2035           |       | 3.500             | %          | 14,201                                                                                       |       | 14,396                                                     |       | 14,448                               |       |
| COUNTRYWIDE HOME LOANS CWHL_03                            |       | 1/19/2034           |       | 4.657             | %          | 16,211                                                                                       |       | 16,631                                                     |       | 16,381                               |       |
| CSMC_09-2R                                                |       | 9/26/2034           |       | 2.626             | %          | 28,874                                                                                       |       | 29,413                                                     |       | 28,422                               |       |
| CSMC_09-2R                                                |       | 9/26/2034           |       | 2.626             | %          | 28,874                                                                                       |       | 28,983                                                     |       | 26,393                               |       |
| CSMC_09-9R                                                |       | 4/26/2037           |       | 5.500             | %          | 3,344                                                                                        |       | 3,304                                                      |       | 3,473                                |       |
| CSMC_10-10R                                               |       | 7/26/2037           |       | 5.750             | %          | 2,138                                                                                        |       | 2,164                                                      |       | 2,195                                |       |
| CSMC_10-12R                                               |       | 11/26/2035          |       | 4.000             | %          | 3,342                                                                                        |       | 3,373                                                      |       | 3,443                                |       |
| CSMC_10-16                                                |       | 6/25/2050           |       | 3.000             | %          | 12,019                                                                                       |       | 12,019                                                     |       | 12,068                               |       |
| CSMC_10-17R                                               |       | 6/26/2036           |       | 2.712             | %          | 10,186                                                                                       |       | 10,186                                                     |       | 10,478                               |       |
| CSMC_10-1R                                                |       | 5/27/2036           |       | 5.000             | %          | 997                                                                                          |       | 1,011                                                      |       | 995                                  |       |
| CSMC_11-17R                                               |       | 12/27/2037          |       | 3.400             | %          | 20,840                                                                                       |       | 21,006                                                     |       | 21,499                               |       |
| CSMC_11-1R                                                |       | 2/27/2047           |       | 1.209             | %          | 11,537                                                                                       |       | 11,537                                                     |       | 11,473                               |       |
| CSMC_11-7R                                                |       | 8/28/2047           |       | 1.460             | %          | 30,773                                                                                       |       | 30,773                                                     |       | 30,491                               |       |
| CSMC_12-11R                                               |       | 6/28/2047           |       | 1.212             | %          | 21,158                                                                                       |       | 21,106                                                     |       | 21,105                               |       |
| CWALT_05-24                                               |       | 7/20/2035           |       | 1.476             | %          | 3,372                                                                                        |       | 2,848                                                      |       | 2,120                                | **(c)**    |
| CWALT_05-27                                               |       | 8/25/2035           |       | 1.720             | %          | 4,306                                                                                        |       | 3,689                                                      |       | 2,759                                | **(c)**    |
| CWALT_06-OA19                                             |       | 2/20/2047           |       | 0.461             | %          | 9,930                                                                                        |       | 1,126                                                      |       | 1,220                                | **(c)**    |
| CWA_2004-33                                               |       | 12/25/2034          |       | 3.181             | %          | 880                                                                                          |       | 890                                                        |       | 785                                  |       |
| CWHEL_04-K                                                |       | 2/15/2034           |       | 0.509             | %          | 503                                                                                          |       | 434                                                        |       | 424                                  | **(c)**    |
| CWHL_03-10                                                |       | 5/25/2033           |       | 5.500             | %          | 16,309                                                                                       |       | 16,995                                                     |       | 16,955                               |       |
| CWHL_04-12                                                |       | 8/25/2034           |       | 2.904             | %          | 2,727                                                                                        |       | 63                                                         |       | 77                                   | **(c)**    |
| CWHL_05-HYB7                                              |       | 11/20/2035          |       | 5.207             | %          | 9,539                                                                                        |       | 8,177                                                      |       | 7,155                                | **(c)**    |
| CWL_05-4                                                  |       | 10/25/2035          |       | 0.670             | %          | 6,227                                                                                        |       | 6,127                                                      |       | 6,081                                |       |
| DBALT_06-AR6                                              |       | 2/25/2037           |       | 0.380             | %          | 14,698                                                                                       |       | 9,275                                                      |       | 10,399                               | **(c)**    |
| DBALT_07-AR1                                              |       | 1/25/2047           |       | 0.370             | %          | 12,810                                                                                       |       | 10,706                                                     |       | 8,046                                | **(c)**    |
| DBALT_07-OA1                                              |       | 2/25/2047           |       | 0.360             | %          | 4,704                                                                                        |       | 4,214                                                      |       | 2,657                                | **(c)**    |
| EQUITY ONE EQABS_2004-3                                   |       | 7/25/2034           |       | 5.100             | %          | 4,672                                                                                        |       | 4,700                                                      |       | 4,734                                |       |
| FHAMS_04-AA7                                              |       | 2/25/2035           |       | 2.587             | %          | 1,235                                                                                        |       | 1,247                                                      |       | 1,148                                |       |
| FHAMS_05-AA2                                              |       | 3/25/2035           |       | 2.625             | %          | 2,424                                                                                        |       | 2,468                                                      |       | 2,099                                |       |
| FHAMS_05-AA3                                              |       | 5/25/2035           |       | 2.619             | %          | 5,913                                                                                        |       | 5,965                                                      |       | 5,234                                |       |
| FHAT_2004-A4                                              |       | 10/25/2034          |       | 2.602             | %          | 2,088                                                                                        |       | 2,123                                                      |       | 1,927                                |       |
| FMIC_04-3                                                 |       | 8/25/2034           |       | 2.055             | %          | 4,414                                                                                        |       | 4,116                                                      |       | 4,224                                |       |
| FREMONT HOME LOAN TRUST FHLT_0                            |       | 6/25/2035           |       | 0.690             | %          | 1,265                                                                                        |       | 1,247                                                      |       | 1,252                                |       |
| GMHE_2004-AR2                                             |       | 8/19/2034           |       | 3.565             | %          | 1,709                                                                                        |       | 1,714                                                      |       | 1,661                                |       |
| GMHE_2004-AR2                                             |       | 8/19/2034           |       | 5.327             | %          | 2,513                                                                                        |       | 2,517                                                      |       | 2,568                                |       |
| GPMF_05-AR5                                               |       | 11/25/2045          |       | 2.166             | %          | 7,084                                                                                        |       | 6,835                                                      |       | 4,902                                | **(c)**    |

 

F-33

----

Table of Contents

 
| **ISSUER**                                                    | ** ** | **MATURITY   DATE** | ** ** | **COUPON   RATE** | ** ** | **PRINCIPAL   AMOUNT OF   BONDS & NOTES   OR # of SHARES** | ** ** | **AMORTIZED COST   (NOTES a & b)** | ** ** | **CARRYING   VALUE   (NOTE a)** | ** ** |
|---------------------------------------------------------------|------------|---------------------|------------|-------------------|------------|----------------------------------------------------------------------------------------------|------------|------------------------------------------------------------|------------|--------------------------------------|------------|
| GS MORTGAGE SECURITIES CORP                                   |       | 11/25/2035          |       | 2.685             | %          | 4,206                                                                                        |       | 3,892                                                      |       | 4,275                                |       |
| GS MORTGAGE SECURITIES CORP                                   |       | 11/25/2035          |       | 2.695             | %          | 2,837                                                                                        |       | 2,611                                                      |       | 2,875                                |       |
| GSR MORTGAGE LOAN TRUST GSR_05                                |       | 11/25/2035          |       | 2.621             | %          | 4,762                                                                                        |       | 4,497                                                      |       | 4,576                                |       |
| GSR_05-AR1                                                    |       | 1/25/2035           |       | 2.979             | %          | 5,503                                                                                        |       | 5,530                                                      |       | 5,466                                |       |
| GSR_05-AR3                                                    |       | 5/25/2035           |       | 3.013             | %          | 4,765                                                                                        |       | 4,785                                                      |       | 4,227                                |       |
| GSR_05-AR5                                                    |       | 10/25/2035          |       | 2.982             | %          | 7,489                                                                                        |       | 7,155                                                      |       | 6,407                                | **(c)**    |
| HARBORVIEW MORTGAGE LOAN TRUST                                |       | 4/19/2034           |       | 4.636             | %          | 1,283                                                                                        |       | 1,292                                                      |       | 1,308                                |       |
| HVMLT_04-7                                                    |       | 11/19/2034          |       | 2.282             | %          | 2,950                                                                                        |       | 2,927                                                      |       | 2,794                                |       |
| HVMLT_05-15                                                   |       | 10/20/2045          |       | 2.166             | %          | 8,015                                                                                        |       | 7,404                                                      |       | 6,965                                | **(c)**    |
| HVMLT_05-8                                                    |       | 9/19/2035           |       | 1.666             | %          | 3,059                                                                                        |       | 2,794                                                      |       | 2,113                                | **(c)**    |
| HVMLT_06-14                                                   |       | 1/25/2047           |       | 0.410             | %          | 7,214                                                                                        |       | 2,280                                                      |       | 1,333                                | **(c)**    |
| HVMLT_2004-10                                                 |       | 1/19/2035           |       | 2.913             | %          | 1,478                                                                                        |       | 1,493                                                      |       | 1,458                                |       |
| HVMLT_2004-6                                                  |       | 8/19/2034           |       | 3.205             | %          | 1,254                                                                                        |       | 1,245                                                      |       | 1,233                                |       |
| HVML_2004-4                                                   |       | 6/19/2034           |       | 1.339             | %          | 142                                                                                          |       | 140                                                        |       | 127                                  |       |
| INDX_05-AR1                                                   |       | 3/25/2035           |       | 2.590             | %          | 98                                                                                           |       | 98                                                         |       | 90                                   |       |
| INDYMAC INDX MORTGAGE LOAN TRUST                              |       | 5/25/2035           |       | 2.599             | %          | 4,934                                                                                        |       | 4,691                                                      |       | 4,009                                | **(c)**    |
| JEFFERIES & CO JMAC_09-R12                                |       | 2/26/2035           |       | 2.855             | %          | 11,825                                                                                       |       | 11,521                                                     |       | 12,119                               |       |
| JEFFERIES & CO JMAC_09-R12                                |       | 1/26/2035           |       | 2.847             | %          | 5,381                                                                                        |       | 5,236                                                      |       | 5,399                                |       |
| JMAC_09-R3                                                    |       | 12/26/2035          |       | 2.915             | %          | 7,433                                                                                        |       | 6,851                                                      |       | 7,538                                |       |
| JMAC_10-R8                                                    |       | 2/26/2047           |       | 0.411             | %          | 1,354                                                                                        |       | 1,340                                                      |       | 1,336                                |       |
| JP MORGAN REREMIC JPMRR_10-5                                  |       | 8/26/2036           |       | 2.752             | %          | 2,809                                                                                        |       | 2,819                                                      |       | 2,846                                |       |
| JPMRR_09-12                                                   |       | 7/26/2037           |       | 5.780             | %          | 2,282                                                                                        |       | 2,366                                                      |       | 2,398                                |       |
| JPMRR_10-1                                                    |       | 2/26/2037           |       | 6.000             | %          | 3,832                                                                                        |       | 3,900                                                      |       | 4,037                                |       |
| JPMRR_11-2                                                    |       | 3/26/2036           |       | 3.000             | %          | 8,179                                                                                        |       | 8,063                                                      |       | 8,354                                |       |
| LUMINENT MORTGAGE TRUST LUM_06                                |       | 10/25/2046          |       | 0.450             | %          | 2,886                                                                                        |       | 1,113                                                      |       | 713                                  | **(c)**    |
| LUMINENT MORTGAGE TRUST LUM_07                                |       | 1/25/2037           |       | 0.400             | %          | 2,026                                                                                        |       | 1,000                                                      |       | 260                                  | **(c)**    |
| MARM_05-1                                                     |       | 2/25/2035           |       | 2.791             | %          | 2,963                                                                                        |       | 3,001                                                      |       | 2,291                                |       |
| MERRILL LYNCH MOR INVEST INC M                                |       | 8/25/2033           |       | 2.668             | %          | 3,120                                                                                        |       | 3,114                                                      |       | 3,119                                |       |
| MLCC_2004-1                                                   |       | 12/25/2034          |       | 2.499             | %          | 1,129                                                                                        |       | 1,132                                                      |       | 1,135                                |       |
| MLMI_05-A1                                                    |       | 12/25/2034          |       | 2.693             | %          | 2,329                                                                                        |       | 2,335                                                      |       | 2,303                                |       |
| MLMI_05-A2                                                    |       | 2/25/2035           |       | 2.516             | %          | 4,641                                                                                        |       | 4,642                                                      |       | 4,690                                |       |
| MSM_2004-10AR                                                 |       | 11/25/2034          |       | 2.980             | %          | 645                                                                                          |       | 651                                                        |       | 602                                  |       |
| MSM_2004-10AR                                                 |       | 11/25/2034          |       | 2.835             | %          | 2,419                                                                                        |       | 2,453                                                      |       | 2,357                                |       |
| MSM_2004-6AR                                                  |       | 8/25/2034           |       | 2.960             | %          | 4,763                                                                                        |       | 2,854                                                      |       | 1,433                                | **(c)**    |
| MSRR_10-R5                                                    |       | 7/26/2036           |       | 0.452             | %          | 4,208                                                                                        |       | 4,148                                                      |       | 4,128                                |       |
| MSRR_10-R5                                                    |       | 5/26/2037           |       | 0.440             | %          | 3,696                                                                                        |       | 3,668                                                      |       | 3,642                                |       |
| MSRR_10-R6                                                    |       | 9/26/2036           |       | 0.580             | %          | 6,663                                                                                        |       | 6,513                                                      |       | 6,388                                |       |
| OOMLT_07-HL1                                                  |       | 2/25/2038           |       | 0.330             | %          | 682                                                                                          |       | 676                                                        |       | 680                                  |       |
| OPMAC_05-1                                                    |       | 2/25/2035           |       | 0.510             | %          | 1,223                                                                                        |       | 1,185                                                      |       | 1,191                                |       |
| RALI_04-QR1                                                   |       | 10/25/2034          |       | 5.250             | %          | 991                                                                                          |       | 991                                                        |       | 992                                  |       |
| RALI_04-QS5                                                   |       | 4/25/2034           |       | 4.750             | %          | 1,102                                                                                        |       | 1,098                                                      |       | 1,103                                |       |
| RALI_05-QA2                                                   |       | 2/25/2035           |       | 3.268             | %          | 5,000                                                                                        |       | 4,519                                                      |       | 3,631                                | **(c)**    |
| RALI_07-Q                                                     |       | 2/25/2047           |       | 0.400             | %          | 7,648                                                                                        |       | 2,230                                                      |       | 1,679                                | **(c)**    |
| RAMC_05-3                                                     |       | 11/25/2035          |       | 4.814             | %          | 2,997                                                                                        |       | 2,989                                                      |       | 2,812                                |       |
| RAMP_06-EFC1                                                  |       | 2/25/2036           |       | 0.410             | %          | 848                                                                                          |       | 827                                                        |       | 834                                  |       |
| RASC_03-K10                                                   |       | 12/25/2033          |       | 4.540             | %          | 2,341                                                                                        |       | 2,366                                                      |       | 2,423                                |       |
| RASC_05-KS12                                                  |       | 1/25/2036           |       | 0.460             | %          | 2,302                                                                                        |       | 2,237                                                      |       | 2,282                                |       |
| RBSSP-12-2                                                    |       | 5/26/2047           |       | 0.340             | %          | 5,788                                                                                        |       | 5,713                                                      |       | 5,732                                |       |
| RBSSP_12-5                                                    |       | 2/26/2047           |       | 0.370             | %          | 14,250                                                                                       |       | 13,900                                                     |       | 13,805                               |       |
| RBSSP_12-6                                                    |       | 4/26/2035           |       | 0.710             | %          | 14,577                                                                                       |       | 13,676                                                     |       | 13,770                               |       |
| RESTRUCTURED ASSET SECURITIES                                 |       | 12/15/2030          |       | 4.000             | %          | 1,311                                                                                        |       | 1,307                                                      |       | 1,306                                |       |
| RFMSI_03-QS2                                                  |       | 2/25/2033           |       | 4.500             | %          | 1,155                                                                                        |       | 1,148                                                      |       | 1,174                                |       |
| RFMSI_04-KS9                                                  |       | 10/25/2034          |       | 4.620             | %          | 5,454                                                                                        |       | 4,922                                                      |       | 4,601                                | **(c)**    |
| RFMSI_05-SA2                                                  |       | 6/25/2035           |       | 3.175             | %          | 7,747                                                                                        |       | 7,764                                                      |       | 7,474                                |       |
| SASC_2003-24A                                                 |       | 7/25/2033           |       | 5.561             | %          | 502                                                                                          |       | 510                                                        |       | 503                                  |       |
| STRUCTURED ADJUSTABLE RATE MORT                               |       | 3/25/2034           |       | 2.745             | %          | 5,388                                                                                        |       | 4,313                                                      |       | 2,012                                | **(c)**    |
| WAMU_03-AR6                                                   |       | 6/25/2033           |       | 2.444             | %          | 3,476                                                                                        |       | 3,467                                                      |       | 3,549                                |       |
| WAMU_04-AR10                                                  |       | 7/25/2044           |       | 0.690             | %          | 1,545                                                                                        |       | 1,549                                                      |       | 1,404                                |       |
| WAMU_05-AR3                                                   |       | 3/25/2035           |       | 2.471             | %          | 4,698                                                                                        |       | 4,716                                                      |       | 4,630                                |       |
| WASHINGTON MUTUAL WAMU_05-AR10                                |       | 9/25/2035           |       | 2.494             | %          | 10,000                                                                                       |       | 9,998                                                      |       | 8,885                                |       |
| WASHINGTON MUTUAL WAMU_05-AR4                                 |       | 4/25/2035           |       | 2.507             | %          | 10,000                                                                                       |       | 9,970                                                      |       | 9,238                                |       |
| WFMBS_03-14                                                   |       | 12/25/2018          |       | 4.750             | %          | 1,907                                                                                        |       | 1,847                                                      |       | 1,954                                |       |
| WFMBS_03-16                                                   |       | 12/25/2018          |       | 4.750             | %          | 2,715                                                                                        |       | 2,600                                                      |       | 2,768                                |       |
| WFMBS_03-M                                                    |       | 12/25/2033          |       | 4.680             | %          | 3,147                                                                                        |       | 3,248                                                      |       | 3,240                                |       |
| WFMBS_04-0                                                    |       | 8/25/2034           |       | 4.931             | %          | 1,357                                                                                        |       | 1,346                                                      |       | 1,393                                |       |
| WFMBS_04-CC                                                   |       | 1/25/2035           |       | 2.619             | %          | 2,065                                                                                        |       | 2,072                                                      |       | 2,068                                |       |
| WFMBS_04-DD                                                   |       | 1/25/2035           |       | 2.610             | %          | 5,761                                                                                        |       | 5,760                                                      |       | 5,775                                |       |
| WFMBS_04-I                                                    |       | 7/25/2034           |       | 2.792             | %          | 5,140                                                                                        |       | 5,149                                                      |       | 5,240                                |       |
| WFMBS_04-K                                                    |       | 7/25/2034           |       | 4.728             | %          | 8,878                                                                                        |       | 9,189                                                      |       | 9,097                                |       |
| WFMBS_04-P                                                    |       | 9/25/2034           |       | 2.615             | %          | 6,054                                                                                        |       | 5,502                                                      |       | 2,131                                | **(c)**    |
| WFMBS_04-Q                                                    |       | 9/25/2034           |       | 2.607             | %          | 8,231                                                                                        |       | 8,355                                                      |       | 8,352                                |       |
| WFMBS_04-W                                                    |       | 11/25/2034          |       | 2.696             | %          | 15,176                                                                                       |       | 15,210                                                     |       | 15,574                               |       |
| WFMBS_05-AR12                                                 |       | 6/25/2035           |       | 2.627             | %          | 7,471                                                                                        |       | 7,049                                                      |       | 7,585                                |       |
| WFMBS_05-AR2                                                  |       | 3/25/2035           |       | 2.617             | %          | 1,478                                                                                        |       | 1,482                                                      |       | 1,472                                |       |
| WFMBS_05-AR2                                                  |       | 3/25/2035           |       | 2.618             | %          | 3,758                                                                                        |       | 3,729                                                      |       | 3,772                                |       |
| **Total Non-Agency Residential   Mortgage Backed Securities** |       |                |       |              |       |                                                                                         | ** ** | **1,103,616**                                              | ** ** | **1,067,429**                        | ** ** |
| **Total Residential Mortgage Backed   Securities**            |       |                |       |              |       |                                                                                         | ** ** | **1,661,052**                                              | ** ** | **1,635,458**                        | ** ** |
| ** **                                                    | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **ASSET BACKED SECURITIES**                                   |       |                |       |              |       |                                                                                         |       |                                                       |       |                                 |       |
| ACCSS_06-1                                                    |       | 8/25/2023           |       | 0.422             | %          | 5,949                                                                                        |       | 5,846                                                      |       | 5,854                                |       |
| AMOT_12-1                                                     |       | 2/15/2017           |       | 1.009             | %          | 15,000                                                                                       |       | 15,131                                                     |       | 15,064                               |       |
| AMOT_12-3                                                     |       | 6/15/2017           |       | 0.909             | %          | 10,000                                                                                       |       | 10,074                                                     |       | 10,025                               |       |
| CLI FUNDING LLC CLIF_06-1                                     |       | 8/18/2021           |       | 0.389             | %          | 4,992                                                                                        |       | 3,992                                                      |       | 4,888                                |       |
| CLIF_11-2                                                     |       | 10/18/2026          |       | 4.940             | %          | 7,962                                                                                        |       | 7,960                                                      |       | 8,393                                |       |
| COLLE_02-2                                                    |       | 3/1/2042            |       | 1.703             | %          | 10,000                                                                                       |       | 7,992                                                      |       | 9,100                                |       |
| COMET_06-A5                                                   |       | 1/15/2016           |       | 0.269             | %          | 30,000                                                                                       |       | 29,740                                                     |       | 29,999                               |       |
| CPF_12-2                                                      |       | 8/20/2021           |       | 2.610             | %          | 1,979                                                                                        |       | 1,979                                                      |       | 1,979                                |       |
| CRNN_11-1A                                                    |       | 11/18/2026          |       | 4.940             | %          | 4,458                                                                                        |       | 4,457                                                      |       | 4,505                                |       |
| EART_12-2                                                     |       | 6/15/2017           |       | 1.300             | %          | 7,183                                                                                        |       | 7,182                                                      |       | 7,197                                |       |
| FORDO_09-B                                                    |       | 7/15/2014           |       | 4.500             | %          | 5,090                                                                                        |       | 5,090                                                      |       | 5,143                                |       |
| GALC_09-1                                                     |       | 12/15/2013          |       | 3.190             | %          | 4,491                                                                                        |       | 4,503                                                      |       | 4,509                                |       |
| GALC_11-1                                                     |       | 4/15/2016           |       | 2.340             | %          | 9,000                                                                                        |       | 9,000                                                      |       | 9,149                                |       |
| GEDFT_12-4                                                    |       | 10/20/2017          |       | 0.651             | %          | 12,000                                                                                       |       | 12,000                                                     |       | 12,002                               |       |
| GTP_11-1                                                      |       | 6/15/2041           |       | 3.967             | %          | 7,000                                                                                        |       | 7,000                                                      |       | 7,280                                |       |
| HENDR_10-3A                                                   |       | 12/15/2048          |       | 3.820             | %          | 2,294                                                                                        |       | 2,297                                                      |       | 2,420                                |       |
| LRF_11-1                                                      |       | 12/20/2018          |       | 1.700             | %          | 1,349                                                                                        |       | 1,340                                                      |       | 1,338                                |       |

 

F-34

----

Table of Contents

 
| **ISSUER**                                                   | ** ** | **MATURITY   DATE** | ** ** | **COUPON   RATE** | ** ** | **PRINCIPAL   AMOUNT OF   BONDS & NOTES   OR # of SHARES** | ** ** | **AMORTIZED COST   (NOTES a & b)**                                                                                       | ** ** | **CARRYING   VALUE   (NOTE a)**                                                                                                             | ** ** |
|--------------------------------------------------------------|------------|---------------------|------------|-------------------|------------|----------------------------------------------------------------------------------------------|------------|--------------------------------------------------------------------------------------------------------------------------------------------------|------------|--------------------------------------------------------------------------------------------------------------------------------------------------|------------|
| NEF_04-2                                                     |       | 7/28/2018           |       | 0.483             | %          | 10,000                                                                                       |       | 9,816                                                                                                                                            |       | 9,739                                                                                                                                            | ** ** |
| NMOTR_12-A                                                   |       | 5/15/2017           |       | 0.679             | %          | 24,500                                                                                       |       | 24,605                                                                                                                                           |       | 24,558                                                                                                                                           | ** ** |
| RCFC_11-1A                                                   |       | 2/25/2016           |       | 2.510             | %          | 2,500                                                                                        |       | 2,500                                                                                                                                            |       | 2,567                                                                                                                                            | ** ** |
| SBAC_10-1                                                    |       | 4/15/2040           |       | 4.254             | %          | 5,000                                                                                        |       | 5,135                                                                                                                                            |       | 5,254                                                                                                                                            | ** ** |
| SBAP_02-20J                                                  |       | 10/1/2022           |       | 4.750             | %          | 1,469                                                                                        |       | 1,487                                                                                                                                            |       | 1,619                                                                                                                                            | ** ** |
| SBAP_03-10F                                                  |       | 11/1/2013           |       | 3.900             | %          | 258                                                                                          |       | 258                                                                                                                                              |       | 261                                                                                                                                              | ** ** |
| SBAP_04-10A                                                  |       | 1/1/2014            |       | 3.870             | %          | 492                                                                                          |       | 493                                                                                                                                              |       | 497                                                                                                                                              | ** ** |
| SBAP_05-10D                                                  |       | 7/1/2015            |       | 4.510             | %          | 794                                                                                          |       | 794                                                                                                                                              |       | 815                                                                                                                                              | ** ** |
| SCHOL_12-B                                                   |       | 10/28/2025          |       | 0.609             | %          | 9,275                                                                                        |       | 9,249                                                                                                                                            |       | 9,248                                                                                                                                            | ** ** |
| SDART_11-2                                                   |       | 2/16/2015           |       | 1.290             | %          | 5,000                                                                                        |       | 5,000                                                                                                                                            |       | 5,018                                                                                                                                            | ** ** |
| SDART_11-S1                                                  |       | 5/15/2017           |       | 1.480             | %          | 3,763                                                                                        |       | 3,763                                                                                                                                            |       | 3,768                                                                                                                                            | ** ** |
| SDART_12-1                                                   |       | 10/15/2015          |       | 1.490             | %          | 10,000                                                                                       |       | 10,000                                                                                                                                           |       | 10,103                                                                                                                                           | ** ** |
| SLCLT_09-AA                                                  |       | 6/15/2033           |       | 4.750             | %          | 17,523                                                                                       |       | 16,855                                                                                                                                           |       | 16,753                                                                                                                                           | ** ** |
| SLMA_03-A                                                    |       | 9/15/2020           |       | 0.748             | %          | 5,551                                                                                        |       | 4,838                                                                                                                                            |       | 5,426                                                                                                                                            | ** ** |
| SLMA_03-C                                                    |       | 9/15/2020           |       | 0.698             | %          | 2,234                                                                                        |       | 2,165                                                                                                                                            |       | 2,170                                                                                                                                            | ** ** |
| SLMA_05-A                                                    |       | 12/15/2020          |       | 0.448             | %          | 5,542                                                                                        |       | 4,845                                                                                                                                            |       | 5,482                                                                                                                                            | ** ** |
| SLMA_05-B                                                    |       | 3/15/2023           |       | 0.488             | %          | 11,942                                                                                       |       | 10,663                                                                                                                                           |       | 11,661                                                                                                                                           | ** ** |
| SLMA_06-3                                                    |       | 7/25/2019           |       | 0.395             | %          | 9,254                                                                                        |       | 9,045                                                                                                                                            |       | 9,231                                                                                                                                            | ** ** |
| SLMA_06-4                                                    |       | 10/27/2025          |       | 0.415             | %          | 14,600                                                                                       |       | 14,506                                                                                                                                           |       | 14,507                                                                                                                                           | ** ** |
| SLMA_09-CT                                                   |       | 4/15/2039           |       | 2.350             | %          | 21,631                                                                                       |       | 21,880                                                                                                                                           |       | 21,770                                                                                                                                           | ** ** |
| SLMA_11-2                                                    |       | 11/25/2027          |       | 0.810             | %          | 4,125                                                                                        |       | 4,118                                                                                                                                            |       | 4,145                                                                                                                                            | ** ** |
| SLMA_12-3-A                                                  |       | 12/26/2025          |       | 0.860             | %          | 17,430                                                                                       |       | 17,601                                                                                                                                           |       | 17,615                                                                                                                                           | ** ** |
| SLMA_12-B                                                    |       | 10/15/2030          |       | 3.480             | %          | 5,000                                                                                        |       | 5,087                                                                                                                                            |       | 5,298                                                                                                                                            | ** ** |
| SMAT_11-1USA                                                 |       | 10/14/2014          |       | 1.059             | %          | 6,778                                                                                        |       | 6,797                                                                                                                                            |       | 6,793                                                                                                                                            | ** ** |
| SMAT_11-2USA                                                 |       | 4/14/2017           |       | 2.310             | %          | 3,000                                                                                        |       | 3,000                                                                                                                                            |       | 3,080                                                                                                                                            | ** ** |
| SMAT_11-4USA                                                 |       | 8/14/2017           |       | 2.280             | %          | 5,000                                                                                        |       | 5,000                                                                                                                                            |       | 5,137                                                                                                                                            | ** ** |
| SMAT_12                                                      |       | 10/14/2016          |       | 1.590             | %          | 9,500                                                                                        |       | 9,500                                                                                                                                            |       | 9,617                                                                                                                                            | ** ** |
| SRFC_11-1A                                                   |       | 4/20/2026           |       | 3.350             | %          | 3,719                                                                                        |       | 3,718                                                                                                                                            |       | 3,856                                                                                                                                            | ** ** |
| SRFC_12-1A                                                   |       | 11/20/2028          |       | 2.840             | %          | 3,813                                                                                        |       | 3,812                                                                                                                                            |       | 3,820                                                                                                                                            | ** ** |
| TAL ADVANTAGE LLC TAL_10-2                                   |       | 10/20/2025          |       | 4.300             | %          | 7,833                                                                                        |       | 7,833                                                                                                                                            |       | 8,131                                                                                                                                            | ** ** |
| TCF_12-1A                                                    |       | 5/14/2027           |       | 4.210             | %          | 4,708                                                                                        |       | 4,708                                                                                                                                            |       | 4,896                                                                                                                                            | ** ** |
| UHAUL_07-BT1                                                 |       | 2/25/2020           |       | 5.559             | %          | 7,799                                                                                        |       | 7,963                                                                                                                                            |       | 8,109                                                                                                                                            | ** ** |
| UHAUL_10-BT1A                                                |       | 10/25/2023          |       | 4.899             | %          | 9,357                                                                                        |       | 9,356                                                                                                                                            |       | 9,951                                                                                                                                            | ** ** |
| USEDU_07-1A                                                  |       | 9/1/2022            |       | 0.711             | %          | 14,125                                                                                       |       | 14,128                                                                                                                                           |       | 14,147                                                                                                                                           | ** ** |
| **Total Asset Backed Securities**                            | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **396,101**                                                                                                                                      | ** ** | **403,887**                                                                                                                                      | ** ** |
| ** **                                                   | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                                                                                                       | ** ** | ** **                                                                                                                                       | ** ** |
| **COMMERCIAL MORTGAGE BACKED   SECURITIES**                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                                                                                                       | ** ** | ** **                                                                                                                                       | ** ** |
| **Agency Commercial Mortgage Backed   Securities:**          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                                                                                                       | ** ** | ** **                                                                                                                                       | ** ** |
| FMGT_03-T5                                                   |       | 3/25/2013           |       | 4.055             | %          | 294                                                                                          |       | 294                                                                                                                                              |       | 294                                                                                                                                              | ** ** |
| FNMA_06-M2                                                   |       | 10/25/2032          |       | 5.271             | %          | 11,369                                                                                       |       | 12,172                                                                                                                                           |       | 14,098                                                                                                                                           | ** ** |
| FNMA                                                         |       | 1/1/2019            |       | 6.075             | %          | 1,958                                                                                        |       | 1,974                                                                                                                                            |       | 2,063                                                                                                                                            | ** ** |
| GNMA_04-10                                                   |       | 7/16/2031           |       | 4.043             | %          | 2,551                                                                                        |       | 2,545                                                                                                                                            |       | 2,606                                                                                                                                            | ** ** |
| GNMA_10-16                                                   |       | 1/16/2040           |       | 3.214             | %          | 6,471                                                                                        |       | 6,525                                                                                                                                            |       | 6,790                                                                                                                                            | ** ** |
| GNMA_10-161                                                  |       | 5/16/2035           |       | 2.110             | %          | 4,495                                                                                        |       | 4,548                                                                                                                                            |       | 4,582                                                                                                                                            | ** ** |
| GNMA_11-165                                                  |       | 10/16/2037          |       | 2.194             | %          | 24,422                                                                                       |       | 24,753                                                                                                                                           |       | 25,213                                                                                                                                           | ** ** |
| GNMA_2004-23                                                 |       | 9/16/2027           |       | 3.629             | %          | 3,073                                                                                        |       | 3,069                                                                                                                                            |       | 3,144                                                                                                                                            | ** ** |
| **Total Agency Commercial Mortgage   Backed Securities**     |       |                |       |              |       |                                                                                         |       | **55,880**                                                                                                                                       | ** ** | **58,790**                                                                                                                                       | ** ** |
| ** **                                                   |       |                |       |              |       |                                                                                         |       | ** **                                                                                                                                       | ** ** | ** **                                                                                                                                       | ** ** |
| **Non-Agency Commercial Mortgage   Backed Securities:**      |       |                |       |              |       |                                                                                         |       |                                                                                                                                             |       |                                                                                                                                             | ** ** |
| BACM_05-1                                                    |       | 11/10/2042          |       | 5.173             | %          | 10,000                                                                                       |       | 10,464                                                                                                                                           |       | 10,919                                                                                                                                           | ** ** |
| BAMLL_12-CLRN                                                |       | 8/15/2029           |       | 1.359             | %          | 7,500                                                                                        |       | 7,500                                                                                                                                            |       | 7,564                                                                                                                                            | ** ** |
| BSCMS_05-PW10                                                |       | 12/11/2040          |       | 5.382             | %          | 5,918                                                                                        |       | 6,097                                                                                                                                            |       | 6,050                                                                                                                                            | ** ** |
| BSCMS_05-PWR7                                                |       | 2/11/2041           |       | 4.945             | %          | 372                                                                                          |       | 372                                                                                                                                              |       | 371                                                                                                                                              | ** ** |
| CD_05-C1                                                     |       | 7/15/2044           |       | 5.219             | %          | 8,815                                                                                        |       | 9,114                                                                                                                                            |       | 9,148                                                                                                                                            | ** ** |
| CFCRE_11-C2                                                  |       | 12/15/2047          |       | 3.061             | %          | 23,000                                                                                       |       | 23,563                                                                                                                                           |       | 24,594                                                                                                                                           | ** ** |
| CGCMT_05-EMG                                                 |       | 9/20/2051           |       | 4.518             | %          | 118                                                                                          |       | 118                                                                                                                                              |       | 118                                                                                                                                              | ** ** |
| COMM_11-THL                                                  |       | 6/9/2028            |       | 3.376             | %          | 32,325                                                                                       |       | 32,812                                                                                                                                           |       | 32,772                                                                                                                                           | ** ** |
| CSFBMSC_03-C3                                                |       | 5/15/2038           |       | 3.936             | %          | 3,567                                                                                        |       | 3,556                                                                                                                                            |       | 3,578                                                                                                                                            | ** ** |
| CSFBMSC_04-C2                                                |       | 5/15/2036           |       | 3.819             | %          | 7,096                                                                                        |       | 7,093                                                                                                                                            |       | 7,218                                                                                                                                            | ** ** |
| DBUBS_11-LC1A                                                |       | 11/10/2046          |       | 3.742             | %          | 15,332                                                                                       |       | 15,606                                                                                                                                           |       | 16,583                                                                                                                                           | ** ** |
| DBUBS_11-LC2A                                                |       | 7/10/2044           |       | 3.527             | %          | 4,379                                                                                        |       | 4,416                                                                                                                                            |       | 4,796                                                                                                                                            | ** ** |
| GCCFC_05-GG5                                                 |       | 4/10/2037           |       | 5.117             | %          | 781                                                                                          |       | 780                                                                                                                                              |       | 782                                                                                                                                              | ** ** |
| GCCFC_07-GG9                                                 |       | 3/10/2039           |       | 5.381             | %          | 9,000                                                                                        |       | 9,136                                                                                                                                            |       | 9,288                                                                                                                                            | ** ** |
| GECMC_05-C3                                                  |       | 7/10/2045           |       | 4.940             | %          | 52                                                                                           |       | 53                                                                                                                                               |       | 54                                                                                                                                               | ** ** |
| GFCM_03-1                                                    |       | 5/12/2035           |       | 5.254             | %          | 2,051                                                                                        |       | 1,996                                                                                                                                            |       | 2,167                                                                                                                                            | ** ** |
| GMACC_03-C2                                                  |       | 5/10/2040           |       | 5.444             | %          | 6,998                                                                                        |       | 6,993                                                                                                                                            |       | 7,101                                                                                                                                            | ** ** |
| GSMS_05-GG4                                                  |       | 7/10/2039           |       | 4.680             | %          | 1,894                                                                                        |       | 1,891                                                                                                                                            |       | 1,913                                                                                                                                            | ** ** |
| GSMS_07-EOP                                                  |       | 3/6/2020            |       | 1.103             | %          | 33,809                                                                                       |       | 33,786                                                                                                                                           |       | 33,840                                                                                                                                           | ** ** |
| GSMS_07-EOP                                                  |       | 3/6/2020            |       | 0.483             | %          | 10,000                                                                                       |       | 10,011                                                                                                                                           |       | 10,016                                                                                                                                           | ** ** |
| GSMS_10-C2                                                   |       | 12/10/2043          |       | 3.849             | %          | 9,502                                                                                        |       | 9,576                                                                                                                                            |       | 10,402                                                                                                                                           | ** ** |
| GSMS_11-ALF                                                  |       | 2/10/2021           |       | 2.716             | %          | 35,489                                                                                       |       | 35,664                                                                                                                                           |       | 36,060                                                                                                                                           | ** ** |
| GSMS_11-GC5                                                  |       | 8/10/2044           |       | 2.999             | %          | 12,500                                                                                       |       | 12,591                                                                                                                                           |       | 13,339                                                                                                                                           | ** ** |
| JPMCC-07-CB19                                                |       | 2/12/2049           |       | 5.711             | %          | 3,197                                                                                        |       | 3,311                                                                                                                                            |       | 3,508                                                                                                                                            | ** ** |
| JPMCC_03-CB7                                                 |       | 1/12/2038           |       | 4.879             | %          | 8,941                                                                                        |       | 9,080                                                                                                                                            |       | 9,178                                                                                                                                            | ** ** |
| JPMCC_05-LDP1                                                |       | 3/15/2046           |       | 4.853             | %          | 3,315                                                                                        |       | 3,323                                                                                                                                            |       | 3,422                                                                                                                                            | ** ** |
| JPMCC_05-LDP5                                                |       | 12/15/2044          |       | 5.198             | %          | 5,044                                                                                        |       | 5,044                                                                                                                                            |       | 5,046                                                                                                                                            | ** ** |
| JPMCC_07-CB20                                                |       | 2/12/2051           |       | 5.629             | %          | 2,383                                                                                        |       | 2,381                                                                                                                                            |       | 2,385                                                                                                                                            | ** ** |
| JPMCC_10-C2                                                  |       | 11/15/2043          |       | 2.749             | %          | 8,757                                                                                        |       | 8,813                                                                                                                                            |       | 9,163                                                                                                                                            | ** ** |
| JPMCC_10-CNTR                                                |       | 8/5/2032            |       | 3.300             | %          | 10,313                                                                                       |       | 10,392                                                                                                                                           |       | 11,048                                                                                                                                           | ** ** |
| JPMCC_11-C5                                                  |       | 8/15/2046           |       | 3.149             | %          | 5,000                                                                                        |       | 5,041                                                                                                                                            |       | 5,380                                                                                                                                            | ** ** |
| JPMCC_11-FL1                                                 |       | 11/15/2028          |       | 2.109             | %          | 17,497                                                                                       |       | 17,657                                                                                                                                           |       | 17,661                                                                                                                                           | ** ** |
| JPMCC_11-PLSD                                                |       | 11/13/2044          |       | 3.364             | %          | 7,195                                                                                        |       | 7,237                                                                                                                                            |       | 7,757                                                                                                                                            | ** ** |
| JPMCMFC_03-LN1                                               |       | 10/15/2037          |       | 4.134             | %          | 584                                                                                          |       | 580                                                                                                                                              |       | 588                                                                                                                                              | ** ** |
| LBUBS_05-C7                                                  |       | 11/15/2030          |       | 5.103             | %          | 463                                                                                          |       | 439                                                                                                                                              |       | 463                                                                                                                                              | ** ** |
| MLMT_05-CIP1                                                 |       | 7/12/2038           |       | 4.960             | %          | 2,879                                                                                        |       | 2,827                                                                                                                                            |       | 2,933                                                                                                                                            | ** ** |
| MSC_11-C1                                                    |       | 9/15/2047           |       | 2.602             | %          | 8,433                                                                                        |       | 8,480                                                                                                                                            |       | 8,649                                                                                                                                            | ** ** |
| MSC_11-C3                                                    |       | 7/15/2049           |       | 3.224             | %          | 4,000                                                                                        |       | 4,029                                                                                                                                            |       | 4,309                                                                                                                                            | ** ** |
| UBSC_11-C1                                                   |       | 1/10/2045           |       | 3.187             | %          | 9,000                                                                                        |       | 9,117                                                                                                                                            |       | 9,621                                                                                                                                            | ** ** |
| WBCMT_05-C17                                                 |       | 3/15/2042           |       | 5.037             | %          | 3,541                                                                                        |       | 3,558                                                                                                                                            |       | 3,582                                                                                                                                            | ** ** |
| WFDB_2011-BXR                                                |       | 7/5/2024            |       | 3.662             | %          | 2,500                                                                                        |       | 2,500                                                                                                                                            |       | 2,554                                                                                                                                            | ** ** |
| **Total Non-Agency Commercial   Mortgage Backed Securities** |       |                |       |              |       |                                                                                         |       | **346,997**                                                                                                                                      | ** ** | **355,920**                                                                                                                                      | ** ** |
| **Total Commercial Mortgage Backed   Securities**            |       |                |       |              |       |                                                                                         |       | **                       402,877** | ** ** | **                       414,710** | ** ** |

 

F-35

----

Table of Contents

 
| **ISSUER**                                          | ** ** | **MATURITY   DATE** | ** ** | **COUPON   RATE** | ** ** | **PRINCIPAL   AMOUNT OF   BONDS & NOTES   OR # of SHARES** | ** ** | **AMORTIZED COST   (NOTES a & b)** | ** ** | **CARRYING   VALUE   (NOTE a)** | ** ** |
|-----------------------------------------------------|------------|---------------------|------------|-------------------|------------|----------------------------------------------------------------------------------------------|------------|------------------------------------------------------------|------------|--------------------------------------|------------|
| **CORPORATE DEBT SECURITIES AEROSPACE**             | ** ** | ** **          | ** ** | ** **        |       |                                                                                         |       |                                                       |       | ** **                           |       |
| L-3 COMMUNICATIONS CORP                             |       | 11/15/2016          |       | 3.950             | %          | 29,566                                                                                       |       | 31,948                                                     |       | 31,969                               |       |
| Northrop Grumman Corp                               |       | 11/15/2015          |       | 1.850             | %          | 2,906                                                                                        |       | 2,939                                                      |       | 2,984                                |       |
| **Total Aerospace**                                 | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **34,887**                                                 | ** ** | **34,953**                           | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **BANKING**                                         | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| WASHINGTON MUTUAL BANK HENDERS                      |       | 6/15/2011           |       | 0.000             | %          | 1,500                                                                                        |       | —                                                     |       | 3                                    | **(c)(d)** |
| **Total Banking**                                   | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **—**                                                 | ** ** | **3**                                | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **CABLE**                                           | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| ROGERS CABLE SYSTEMS                                |       | 6/15/2013           |       | 6.250             | %          | 1,500                                                                                        |       | 1,502                                                      |       | 1,539                                |       |
| Rogers Communications Inc                           |       | 3/1/2014            |       | 6.375             | %          | 8,800                                                                                        |       | 9,140                                                      |       | 9,375                                |       |
| **Total Cable**                                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **10,642**                                                 | ** ** | **10,914**                           | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **CHEMICALS**                                       | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| Dow Chemical Co/The                                 |       | 5/15/2014           |       | 7.600             | %          | 3,836                                                                                        |       | 4,053                                                      |       | 4,188                                |       |
| Clorox Co/The                                       |       | 1/15/2015           |       | 5.000             | %          | 2,900                                                                                        |       | 3,143                                                      |       | 3,126                                |       |
| Eastman Chemical Co                                 |       | 6/1/2017            |       | 2.400             | %          | 8,425                                                                                        |       | 8,482                                                      |       | 8,705                                |       |
| **Total Chemicals**                                 | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **15,678**                                                 | ** ** | **16,019**                           | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **CONGLOMERATES/DIVERSIFIED MANUFACTURING**         | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| GENERAL ELECTRIC CAP CORP                           |       | 10/17/2016          |       | 3.350             | %          | 25,000                                                                                       |       | 26,597                                                     |       | 26,835                               |       |
| GENERAL ELECTRIC CAP CORP                           |       | 7/2/2015            |       | 1.625             | %          | 7,000                                                                                        |       | 7,067                                                      |       | 7,126                                |       |
| **Total Conglomerates/Diversified   Manufacturing** | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **33,664**                                                 | ** ** | **33,961**                           | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **ELECTRONICS/INFORMATION/DATA   TECHNOLOGY**       | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| SUNGARD DATA                                        |       | 1/15/2014           |       | 4.875             | %          | 370                                                                                          |       | 363                                                        |       | 382                                  | ** ** |
| Hewlett-Packard Co                                  |       | 9/15/2016           |       | 3.000             | %          | 30,000                                                                                       |       | 30,828                                                     |       | 30,192                               | ** ** |
| Moog Inc                                            |       | 1/15/2015           |       | 6.250             | %          | 1,500                                                                                        |       | 1,500                                                      |       | 1,501                                | ** ** |
| SAP IRELAND US FINANCIAL SERV                       |       | 11/15/2017          |       | 2.130             | %          | 10,000                                                                                       |       | 10,000                                                     |       | 9,954                                | ** ** |
| **Total   Electronics/Information/Data Technology** | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **42,691**                                                 | ** ** | **42,029**                           | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **ELECTRIC, GAS & OTHER**                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| APPALACHIAN POWER                                   |       | 2/1/2015            |       | 4.950             | %          | 14,065                                                                                       |       | 14,979                                                     |       | 15,069                               | ** ** |
| APPALACHIAN POWER                                   |       | 5/24/2015           |       | 3.400             | %          | 15,000                                                                                       |       | 15,145                                                     |       | 15,829                               | ** ** |
| ARIZONA PUB SERVICE                                 |       | 5/15/2015           |       | 4.650             | %          | 647                                                                                          |       | 704                                                        |       | 701                                  | ** ** |
| ARIZONA PUB SERVICE                                 |       | 6/30/2014           |       | 5.800             | %          | 1,250                                                                                        |       | 1,311                                                      |       | 1,343                                | ** ** |
| ARIZONA PUB SERVICE                                 |       | 8/1/2016            |       | 6.250             | %          | 1,380                                                                                        |       | 1,621                                                      |       | 1,620                                | ** ** |
| CENTERPOINT ENERGY RESOURCES C                      |       | 1/15/2014           |       | 5.950             | %          | 8,250                                                                                        |       | 8,550                                                      |       | 8,660                                | ** ** |
| COLORADO INTERSTATE GAS CO                          |       | 3/15/2015           |       | 5.950             | %          | 1,977                                                                                        |       | 2,131                                                      |       | 2,158                                | ** ** |
| COLORADO INTERSTATE GAS CO                          |       | 11/15/2015          |       | 6.800             | %          | 18,926                                                                                       |       | 20,477                                                     |       | 21,932                               | ** ** |
| CONSOLIDATED NAT GAS CO                             |       | 3/1/2014            |       | 5.000             | %          | 9,475                                                                                        |       | 9,823                                                      |       | 9,939                                | ** ** |
| CONSUMERS ENERGY COMPANY                            |       | 10/15/2015          |       | 2.600             | %          | 10,000                                                                                       |       | 10,176                                                     |       | 10,249                               | ** ** |
| CONSUMERS ENERGY COMPANY                            |       | 2/15/2014           |       | 6.000             | %          | 2,855                                                                                        |       | 2,989                                                      |       | 3,023                                | ** ** |
| CONSUMERS ENERGY COMPANY                            |       | 3/15/2015           |       | 5.000             | %          | 1,000                                                                                        |       | 1,054                                                      |       | 1,091                                | ** ** |
| DAYTON POWER AND LIGHT COMPANY                      |       | 10/1/2013           |       | 5.125             | %          | 5,000                                                                                        |       | 5,134                                                      |       | 5,165                                | ** ** |
| DTE Energy Co                                       |       | 6/1/2016            |       | 6.350             | %          | 1,260                                                                                        |       | 1,433                                                      |       | 1,464                                | ** ** |
| DTE Energy Co                                       |       | 5/15/2014           |       | 7.625             | %          | 8,100                                                                                        |       | 8,764                                                      |       | 8,844                                | ** ** |
| Dominion Resources Inc/VA                           |       | 7/15/2015           |       | 5.150             | %          | 3,426                                                                                        |       | 3,784                                                      |       | 3,782                                | ** ** |
| Duke Energy Corp                                    |       | 4/1/2015            |       | 3.350             | %          | 7,000                                                                                        |       | 7,164                                                      |       | 7,396                                | ** ** |
| INDIANA MICHIGAN POWER                              |       | 11/15/2014          |       | 5.050             | %          | 950                                                                                          |       | 1,020                                                      |       | 1,018                                | ** ** |
| KERN RIVER FUNDING CORP                             |       | 4/30/2018           |       | 4.893             | %          | 14,150                                                                                       |       | 15,661                                                     |       | 15,428                               | ** ** |
| KINDER MORGAN ENERGY PARTNERS                       |       | 2/15/2015           |       | 5.625             | %          | 17,605                                                                                       |       | 18,937                                                     |       | 19,290                               | ** ** |
| METROPOLITAN EDISON                                 |       | 3/15/2013           |       | 4.950             | %          | 5,000                                                                                        |       | 5,028                                                      |       | 5,042                                | ** ** |
| METROPOLITAN EDISON                                 |       | 4/1/2014            |       | 4.875             | %          | 5,000                                                                                        |       | 5,200                                                      |       | 5,239                                | ** ** |
| NEVADA POWER COMPANY                                |       | 3/15/2016           |       | 5.950             | %          | 4,000                                                                                        |       | 4,497                                                      |       | 4,586                                | ** ** |
| NEXTERA ENERGY CAPITAL HOLDING                      |       | 6/1/2014            |       | 1.611             | %          | 1,950                                                                                        |       | 1,973                                                      |       | 1,971                                | ** ** |
| NEXTERA ENERGY CAPITAL HOLDING                      |       | 6/1/2015            |       | 1.200             | %          | 3,175                                                                                        |       | 3,196                                                      |       | 3,198                                | ** ** |
| NISOURCE FINANCE CORPORATION                        |       | 3/1/2013            |       | 6.150             | %          | 2,273                                                                                        |       | 2,285                                                      |       | 2,292                                | ** ** |
| NISOURCE FINANCE CORPORATION                        |       | 7/15/2014           |       | 5.400             | %          | 10,000                                                                                       |       | 10,283                                                     |       | 10,709                               | ** ** |
| NORTHWEST PIPELINE                                  |       | 6/15/2016           |       | 7.000             | %          | 4,280                                                                                        |       | 4,858                                                      |       | 5,064                                | ** ** |
| OHIO POWER CO                                       |       | 1/15/2014           |       | 4.850             | %          | 6,780                                                                                        |       | 6,984                                                      |       | 7,058                                | ** ** |
| ONCOR ELECTRIC DELIVERY CO                          |       | 1/15/2015           |       | 6.375             | %          | 5,210                                                                                        |       | 5,653                                                      |       | 5,750                                | ** ** |
| PG&E Corp                                       |       | 4/1/2014            |       | 5.750             | %          | 1,630                                                                                        |       | 1,732                                                      |       | 1,728                                | ** ** |
| Pacific Gas & Electric Co                  |       | 3/1/2014            |       | 4.800             | %          | 10,055                                                                                       |       | 10,494                                                     |       | 10,535                               | ** ** |
| SOUTHERN STAR CENTRAL GAS PIPE                      |       | 6/1/2016            |       | 6.000             | %          | 9,449                                                                                        |       | 10,480                                                     |       | 10,475                               | ** ** |
| TRANS CONTINENTAL GAS PIPELINE                      |       | 4/15/2016           |       | 6.400             | %          | 649                                                                                          |       | 726                                                        |       | 751                                  | ** ** |
| TransAlta Corp                                      |       | 1/15/2015           |       | 4.750             | %          | 8,600                                                                                        |       | 8,974                                                      |       | 9,102                                | ** ** |
| **Total Electric, Gas &   Other**          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **233,220**                                                | ** ** | **237,501**                          | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **ENERGY**                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| Anadarko Petroleum Corp                             |       | 9/15/2016           |       | 5.950             | %          | 5,000                                                                                        |       | 5,333                                                      |       | 5,756                                | ** ** |
| Chesapeake Energy Corp                              |       | 8/15/2017           |       | 6.500             | %          | 210                                                                                          |       | 209                                                        |       | 228                                  | ** ** |
| ENCANA HOLDINGS FINANCE CORP                        |       | 5/1/2014            |       | 5.800             | %          | 1,109                                                                                        |       | 1,165                                                      |       | 1,179                                | ** ** |
| ENTERPRISE PRODUCTS OPERATING                       |       | 10/15/2014          |       | 5.600             | %          | 4,893                                                                                        |       | 5,213                                                      |       | 5,297                                | ** ** |
| MIDCONTINENT EXPRESS PIPELINE                       |       | 9/15/2014           |       | 5.450             | %          | 11,100                                                                                       |       | 11,648                                                     |       | 11,629                               | ** ** |
| Marathon Oil Corp                                   |       | 11/1/2015           |       | 0.900             | %          | 27,625                                                                                       |       | 27,685                                                     |       | 27,647                               | ** ** |
| NOBLE HOLDING INTERNATIONAL LTD                     |       | 3/1/2016            |       | 3.050             | %          | 19,151                                                                                       |       | 19,828                                                     |       | 19,982                               | ** ** |
| PLAINS ALL AMERICAN PIPELINE L                      |       | 12/15/2013          |       | 5.625             | %          | 4,400                                                                                        |       | 4,550                                                      |       | 4,614                                | ** ** |
| PLAINS ALL AMERICAN PIPELINE L                      |       | 9/15/2015           |       | 3.950             | %          | 7,000                                                                                        |       | 7,386                                                      |       | 7,543                                | ** ** |
| WEATHERFORD INTERNATIONAL LTD                       |       | 3/15/2013           |       | 5.150             | %          | 242                                                                                          |       | 243                                                        |       | 244                                  | ** ** |
| XTO Energy Inc                                      |       | 2/1/2014            |       | 4.900             | %          | 1,000                                                                                        |       | 999                                                        |       | 1,050                                | ** ** |
| Cenovus Energy Inc                                  |       | 9/15/2014           |       | 4.500             | %          | 1,575                                                                                        |       | 1,672                                                      |       | 1,670                                | ** ** |
| **Total Energy**                                    | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **85,931**                                                 | ** ** | **86,839**                           | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **FINANCE**                                         | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| WOODSIDE FINANCE                                    |       | 11/10/2014          |       | 4.500             | %          | 26,288                                                                                       |       | 26,955                                                     |       | 27,805                               | ** ** |
| **Total Finance**                                   | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **26,955**                                                 | ** ** | **27,805**                           | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **FOOD AND DRUG**                                   | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| Kroger Co/The                                       |       | 10/1/2015           |       | 3.900             | %          | 4,000                                                                                        |       | 4,195                                                      |       | 4,316                                | ** ** |
| **Total Food and Drug**                             | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **4,195**                                                  | ** ** | **4,316**                            | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **FOOD   PROCESSING/BEVERAGES/BOTTLING**            | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| BACARDI LIMITED                                     |       | 4/1/2014            |       | 7.450             | %          | 23,350                                                                                       |       | 25,212                                                     |       | 25,192                               | ** ** |
| Beam Inc                                            |       | 6/15/2014           |       | 6.375             | %          | 1,730                                                                                        |       | 1,852                                                      |       | 1,865                                | ** ** |

 

F-36

----

Table of Contents

 
| **ISSUER**                                     | ** ** | **MATURITY   DATE** | ** ** | **COUPON   RATE** | ** ** | **PRINCIPAL   AMOUNT OF   BONDS & NOTES   OR # of SHARES** | ** ** | **AMORTIZED COST   (NOTES a & b)** | ** ** | **CARRYING   VALUE   (NOTE a)** | ** ** |
|------------------------------------------------|------------|---------------------|------------|-------------------|------------|----------------------------------------------------------------------------------------------|------------|------------------------------------------------------------|------------|--------------------------------------|------------|
| ConAgra Foods Inc                              |       | 9/10/2015           |       | 1.350             | %          | 5,000                                                                                        |       | 5,017                                                      |       | 5,000                                | ** ** |
| DIAGEO CAPITAL PLC                             |       | 1/15/2014           |       | 7.375             | %          | 13,503                                                                                       |       | 14,245                                                     |       | 14,442                               | ** ** |
| DIAGEO CAPITAL PLC                             |       | 5/11/2017           |       | 1.500             | %          | 13,235                                                                                       |       | 13,184                                                     |       | 13,422                               | ** ** |
| General Mills Inc                              |       | 5/16/2014           |       | 1.550             | %          | 10,000                                                                                       |       | 10,000                                                     |       | 10,129                               | ** ** |
| General Mills Inc                              |       | 10/15/2014          |       | 6.190             | %          | 20,000                                                                                       |       | 21,922                                                     |       | 22,106                               | ** ** |
| Kellogg Co                                     |       | 11/17/2016          |       | 1.875             | %          | 5,000                                                                                        |       | 5,157                                                      |       | 5,136                                | ** ** |
| MARS INC                                       |       | 10/11/2017          |       | 2.190             | %          | 35,000                                                                                       |       | 35,000                                                     |       | 34,785                               | ** ** |
| SABMILLER HOLDINGS INC                         |       | 1/15/2015           |       | 1.850             | %          | 16,195                                                                                       |       | 16,534                                                     |       | 16,513                               | ** ** |
| Heineken NV                                    |       | 10/1/2015           |       | 0.800             | %          | 13,800                                                                                       |       | 13,780                                                     |       | 13,825                               | ** ** |
| **Total Food   Processing/Beverages/Bottling** | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **161,903**                                                | ** ** | **162,415**                          | ** ** |
| ** **                                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **HEALTHCARE**                                 | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| AmerisourceBergen Corp                         |       | 9/15/2015           |       | 5.875             | %          | 16,934                                                                                       |       | 18,782                                                     |       | 19,176                               | ** ** |
| Cardinal Health Inc                            |       | 6/15/2015           |       | 4.000             | %          | 3,660                                                                                        |       | 3,841                                                      |       | 3,933                                | ** ** |
| ESSILOR INTERNATIONALE                         |       | 3/15/2017           |       | 2.650             | %          | 7,500                                                                                        |       | 7,500                                                      |       | 7,660                                | ** ** |
| Express Scripts Holding Co                     |       | 5/15/2016           |       | 3.125             | %          | 5,000                                                                                        |       | 5,049                                                      |       | 5,271                                | ** ** |
| McKesson Corp                                  |       | 2/15/2014           |       | 6.500             | %          | 1,055                                                                                        |       | 1,099                                                      |       | 1,123                                | ** ** |
| WellPoint Inc                                  |       | 1/15/2016           |       | 5.250             | %          | 3,370                                                                                        |       | 3,657                                                      |       | 3,755                                | ** ** |
| WellPoint Inc                                  |       | 9/10/2015           |       | 1.250             | %          | 14,375                                                                                       |       | 14,456                                                     |       | 14,489                               | ** ** |
| **Total Healthcare**                           | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **54,384**                                                 | ** ** | **55,407**                           | ** ** |
| ** **                                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **INDUSTRIAL OTHER**                           | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| GIBRALTAR INDUSTRIES                           |       | 12/1/2015           |       | 8.000             | %          | 250                                                                                          |       | 250                                                        |       | 253                                  | ** ** |
| Nordson Corp                                   |       | 7/26/2017           |       | 2.270             | %          | 15,000                                                                                       |       | 15,000                                                     |       | 15,054                               | ** ** |
| **Total Industrial Other**                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **15,250**                                                 | ** ** | **15,307**                           | ** ** |
| ** **                                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **MEDIA**                                      | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| BSKYB FINANCE UK PLC                           |       | 10/15/2015          |       | 5.625             | %          | 11,960                                                                                       |       | 13,217                                                     |       | 13,388                               |       |
| REED ELSEVIER CAPITAL                          |       | 1/15/2014           |       | 7.750             | %          | 19,000                                                                                       |       | 19,910                                                     |       | 20,346                               |       |
| TCM SUB LLC                                    |       | 1/15/2015           |       | 3.550             | %          | 32,561                                                                                       |       | 33,023                                                     |       | 34,171                               |       |
| **Total Media**                                | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **66,150**                                                 | ** ** | **67,905**                           | ** ** |
| ** **                                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **METALS/MINING**                              | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| INTERNATIONAL STEEL GROUP                      |       | 4/15/2014           |       | 6.500             | %          | 15,530                                                                                       |       | 16,200                                                     |       | 16,138                               |       |
| VALE OVERSEAS LIMITED                          |       | 1/23/2017           |       | 6.250             | %          | 10,750                                                                                       |       | 12,171                                                     |       | 12,370                               |       |
| Old AII Inc                                    |       | 6/1/2020            |       | 6.000             | %          | 4                                                                                            |       | 4                                                          |       | 4                                    |       |
| **Total Metals/Mining**                        | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **28,375**                                                 | ** ** | **28,512**                           | ** ** |
| ** **                                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **PHARMACEUTICALS**                            | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| ARISTOTLE HOLDING INC                          |       | 11/21/2014          |       | 2.750             | %          | 11,400                                                                                       |       | 11,786                                                     |       | 11,760                               |       |
| **Total Pharmaceuticals**                      | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **11,786**                                                 | ** ** | **11,760**                           | ** ** |
| ** **                                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **PUBLISHING**                                 | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| Thomson Reuters Corp                           |       | 10/1/2014           |       | 5.700             | %          | 5,000                                                                                        |       | 5,347                                                      |       | 5,405                                |       |
| **Total Publishing**                           | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **5,347**                                                  | ** ** | **5,405**                            | ** ** |
| ** **                                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **RAILROADS**                                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| CSX Corp                                       |       | 4/1/2015            |       | 6.250             | %          | 1,099                                                                                        |       | 1,207                                                      |       | 1,231                                |       |
| Union Pacific Corp                             |       | 2/1/2016            |       | 7.000             | %          | 12,500                                                                                       |       | 14,598                                                     |       | 14,565                               |       |
| **Total Railroads**                            | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **15,805**                                                 | ** ** | **15,796**                           | ** ** |
| ** **                                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **RESTAURANTS**                                | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| Yum! Brands Inc                                |       | 4/15/2016           |       | 6.250             | %          | 15,700                                                                                       |       | 17,979                                                     |       | 17,892                               |       |
| **Total Restaurants**                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **17,979**                                                 | ** ** | **17,892**                           | ** ** |
| ** **                                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **RETAIL - STORES**                            | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| Best Buy Co Inc                                |       | 3/15/2016           |       | 3.750             | %          | 10,000                                                                                       |       | 9,851                                                      |       | 9,350                                |       |
| CONVENIENCE RETAILERS LLC                      |       | 11/22/2016          |       | 2.750             | %          | 10,500                                                                                       |       | 10,500                                                     |       | 10,829                               |       |
| **Total Retail - Stores**                      | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **20,351**                                                 | ** ** | **20,179**                           | ** ** |
| ** **                                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **SERVICES OTHER**                             | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| Waste Management Inc                           |       | 3/11/2015           |       | 6.375             | %          | 1,040                                                                                        |       | 1,144                                                      |       | 1,163                                |       |
| Waste Management Inc                           |       | 9/1/2016            |       | 2.600             | %          | 11,954                                                                                       |       | 12,141                                                     |       | 12,523                               |       |
| **Total Services Other**                       | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **13,285**                                                 | ** ** | **13,686**                           | ** ** |
| ** **                                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **TELECOMMUNICATIONS**                         | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| DEUTSCHE TELEKOM INTERNATIONAL                 |       | 4/11/2016           |       | 3.125             | %          | 10,000                                                                                       |       | 10,178                                                     |       | 10,577                               |       |
| France Telecom SA                              |       | 9/14/2016           |       | 2.750             | %          | 7,500                                                                                        |       | 7,473                                                      |       | 7,873                                |       |
| QWEST CORP                                     |       | 6/15/2015           |       | 7.625             | %          | 510                                                                                          |       | 512                                                        |       | 577                                  |       |
| TELEFONICA EMISIONES SAU                       |       | 4/27/2015           |       | 3.729             | %          | 4,500                                                                                        |       | 4,497                                                      |       | 4,623                                |       |
| Vodafone Group PLC                             |       | 1/30/2015           |       | 5.375             | %          | 24,065                                                                                       |       | 25,240                                                     |       | 26,325                               |       |
| Vodafone Group PLC                             |       | 12/16/2013          |       | 5.000             | %          | 10,000                                                                                       |       | 10,224                                                     |       | 10,428                               |       |
| **Total Telecommunications**                   | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **58,124**                                                 | ** ** | **60,403**                           | ** ** |
| ** **                                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **TRANSPORTATION-OTHER**                       | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| Wabtec Corp/DE                                 |       | 7/31/2013           |       | 6.875             | %          | 1,360                                                                                        |       | 1,362                                                      |       | 1,397                                |       |
| **Total Transportation-Other**                 | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **1,362**                                                  | ** ** | **1,397**                            | ** ** |
| **Total - Corporate Debt Securities**          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **957,964**                                                | ** ** | **970,404**                          | ** ** |
| ** **                                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **STRUCTURED SECURITIES**                      | ** ** | ** **          | ** ** | ** **        |       |                                                                                         |       |                                                       |       | ** **                           |       |
| M LYNCH   ELLIOT & PAGE XIV SER 98-E  | ** ** | ** **          |       | 0.000             | %          | 11,000                                                                                       |       | —                                                     |       | —                               | **(c)(d)** |
| **Total Structured Securities**                | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **—**                                                 | ** ** | **—**                           | ** ** |
| ** **                                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **TOTAL - FIXED MATURITIES**                   | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **3,418,374**                                              | ** ** | **3,424,910**                        | ** ** |
| ** **                                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **COMMON STOCK**                               | ** ** | ** **          | ** ** | ** **        |       |                                                                                         |       |                                                       |       | ** **                           |       |
| **CHEMICALS**                                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| LyondellBasell Industries NV                   |       |                |       |              |       | 16                                                                                           |       | 82                                                         |       | 924                                  |       |
| **Total - Chemicals**                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **82**                                                     | ** ** | **924**                              | ** ** |

 

F-37

----

Table of Contents

 
| **ISSUER**                                  | ** ** | **MATURITY   DATE** | ** ** | **COUPON   RATE** | ** ** | **PRINCIPAL   AMOUNT OF   BONDS & NOTES   OR # of SHARES** | ** ** | **AMORTIZED COST   (NOTES a & b)** | ** ** | **CARRYING   VALUE   (NOTE a)** | ** ** |
|---------------------------------------------|------------|---------------------|------------|-------------------|------------|----------------------------------------------------------------------------------------------|------------|------------------------------------------------------------|------------|--------------------------------------|------------|
| **COMMUNICATIONS**                          |       |                |       |              |       |                                                                                         |       |                                                       |       |                                 | ** ** |
| Cumulus   Media Inc                         |       |                |       |              |       | 22                                                                                           |       | 69                                                         |       | 60                                   | **(d)**    |
| MEDIANEWS   GROUP INC                       |       |                |       |              |       | 3                                                                                            |       | 41                                                         |       | 39                                   | **(d)**    |
| Tribune   Company                           |       |                |       |              |       | 13                                                                                           |       | 577                                                        |       | 577                                  |       |
| MGM   HOLDINGS II INC                       |       |                |       |              |       | 37                                                                                           |       | 714                                                        |       | 1,420                                | **(c)(d)** |
| SuperMedia   Inc                            |       |                |       |              |       | 2                                                                                            |       | —                                                     |       | 5                                    | **(d)**    |
| **Total - Communications**                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **1,401**                                                  | ** ** | **2,101**                            | ** ** |
| ** **                                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **FINANCE**                                 |       |                |       |              |       |                                                                                         |       |                                                       |       |                                 |       |
| NPF   XII INC - ABS                         |       |                |       |              |       | 10,000                                                                                       |       | —                                                     |       | —                               | **(d)**    |
| **Total - Finance**                         | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **—**                                                 | ** ** | **—**                           | ** ** |
| ** **                                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **GAMING**                                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| AFFINITY   GAMING LLC (HERBST)              |       |                |       |              |       | 9                                                                                            |       | 87                                                         |       | 103                                  | **(d)**    |
| TROPICANA   ENTERTAINMENT LLC               |       |                |       |              |       | 4                                                                                            |       | —                                                     |       | 60                                   | **(d)**    |
| **Total - Gaming**                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **87**                                                     | ** ** | **163**                              | ** ** |
| ** **                                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **INDUSTRIAL**                              |       |                |       |              |       |                                                                                         |       |                                                       |       |                                 |       |
| Contech   Engineered Solutions L            |       |                |       |              |       | 13                                                                                           |       | 297                                                        |       | 340                                  | **(d)**    |
| MARK   IV INDUSTRIES                        |       |                |       |              |       | 10                                                                                           |       | 115                                                        |       | 254                                  | **(d)**    |
| **Total - Industrial**                      | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **412**                                                    | ** ** | **594**                              | ** ** |
| ** **                                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **METALS/MINING**                           |       |                |       |              |       |                                                                                         |       |                                                       |       |                                 |       |
| Old   AII Inc                               |       |                |       |              |       | 5                                                                                            |       | 172                                                        |       | 247                                  | **(d)**    |
| **Total - Metals/Mining**                   | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **172**                                                    | ** ** | **247**                              | ** ** |
| ** **                                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **TELECOMMUNICATIONS**                      |       |                |       |              |       |                                                                                         |       |                                                       |       |                                 |       |
| Hawaiian   Telcom Holdco Inc                |       |                |       |              |       | 3                                                                                            |       | 50                                                         |       | 65                                   | **(c)(d)** |
| **Total - Telecommunications**              | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **50**                                                     | ** ** | **65**                               | ** ** |
| ** **                                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **TOTAL - COMMON STOCK**                    | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **2,204**                                                  | ** ** | **4,094**                            | ** ** |
| ** **                                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **SYNDICATED LOANS**                        | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **AIRLINES**                                | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| UNITED   AIR LINES INC                      |       | 2/1/2014            |       | 2.250             | %          | 484                                                                                          |       | 484                                                        |       | 484                                  | ** ** |
| US   Airways Group Inc                      |       | 3/21/2014           |       | 2.709             | %          | 525                                                                                          |       | 525                                                        |       | 525                                  | ** ** |
| **Total Airlines**                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **1,009**                                                  | ** ** | **1,009**                            | ** ** |
| ** **                                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **CABLE**                                   | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| CHARTER   COMMUNICATIONS OPERATION          |       | 9/6/2016            |       | 3.460             | %          | 917                                                                                          |       | 917                                                        |       | 917                                  | ** ** |
| CSC   HOLDINGS INC                          |       | 3/29/2016           |       | 1.959             | %          | 1,055                                                                                        |       | 1,055                                                      |       | 1,055                                | ** ** |
| LodgeNet   Interactive Corp                 |       | 4/4/2014            |       | 8.500             | %          | 304                                                                                          |       | 304                                                        |       | 304                                  | ** ** |
| MEDIACOM   LLC                              |       | 1/31/2015           |       | 1.690             | %          | 1,235                                                                                        |       | 1,219                                                      |       | 1,219                                | ** ** |
| **Total Cable**                             | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **3,495**                                                  | ** ** | **3,495**                            | ** ** |
| ** **                                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **CHEMICALS**                               | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| BERRY   PLASTICS (BPC HOLDINGS)             |       | 4/3/2015            |       | 2.209             | %          | 2,263                                                                                        |       | 2,198                                                      |       | 2,198                                | ** ** |
| MILLENIUM   CHEMICALS                       |       | 5/15/2014           |       | 2.612             | %          | 177                                                                                          |       | 177                                                        |       | 177                                  | ** ** |
| CELANESE   HOLDINGS LLC                     |       | 10/31/2016          |       | 3.109             | %          | 721                                                                                          |       | 720                                                        |       | 720                                  | ** ** |
| HUNTSMAN   INTERNATIONAL LLC                |       | 4/19/2017           |       | 2.757             | %          | 1,180                                                                                        |       | 1,175                                                      |       | 1,175                                | ** ** |
| HUNTSMAN   INTERNATIONAL LLC                |       | 4/19/2017           |       | 3.010             | %          | 437                                                                                          |       | 433                                                        |       | 433                                  | ** ** |
| MACDERMID   INC                             |       | 4/12/2014           |       | 2.209             | %          | 811                                                                                          |       | 797                                                        |       | 797                                  | ** ** |
| MOMENTIVE   SPECIALTY CHEMICALS             |       | 5/5/2015            |       | 4.000             | %          | 396                                                                                          |       | 396                                                        |       | 396                                  | ** ** |
| MOMENTIVE   SPECIALTY CHEMICALS             |       | 5/5/2015            |       | 4.125             | %          | 376                                                                                          |       | 367                                                        |       | 367                                  | ** ** |
| MOMENTIVE   SPECIALTY CHEMICALS             |       | 5/5/2015            |       | 4.125             | %          | 180                                                                                          |       | 180                                                        |       | 180                                  | ** ** |
| **Total Chemicals**                         | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **6,443**                                                  | ** ** | **6,443**                            | ** ** |
| ** **                                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **COMMUNICATIONS**                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| Dex   One Corp                              |       | 10/24/2014          |       | 9.000             | %          | 357                                                                                          |       | 177                                                        |       | 177                                  | ** ** |
| ADVANSTAR   COMMUNICATIONS                  |       | 6/2/2014            |       | 2.620             | %          | 592                                                                                          |       | 488                                                        |       | 488                                  | ** ** |
| GateHouse   Media Inc                       |       | 8/28/2014           |       | 2.210             | %          | 1,474                                                                                        |       | 1,474                                                      |       | 1,474                                | ** ** |
| MEDIANEWS   GROUP INC                       |       | 3/19/2014           |       | 8.500             | %          | 20                                                                                           |       | 20                                                         |       | 20                                   | ** ** |
| PENTON   MEDIA INC                          |       | 8/1/2014            |       | 5.000             | %          | 145                                                                                          |       | 118                                                        |       | 118                                  | ** ** |
| SuperMedia   Inc                            |       | 12/31/2015          |       | 11.000            | %          | 245                                                                                          |       | 137                                                        |       | 137                                  | ** ** |
| UNIVISION   COMMUNICATIONS INC              |       | 3/31/2017           |       | 4.459             | %          | 332                                                                                          |       | 302                                                        |       | 302                                  | ** ** |
| YELL   FINANCE B.V.                         |       | 7/31/2014           |       | 0.000             | %          | 1,288                                                                                        |       | 1,277                                                      |       | 1,277                                | **(d)**    |
| **Total Communications**                    | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **3,993**                                                  | ** ** | **3,993**                            | ** ** |
| ** **                                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **ELECTRONICS/INFORMATION/DATA TECHNOLOGY** | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| Acxiom   Corp                               |       | 3/15/2015           |       | 3.313             | %          | 121                                                                                          |       | 121                                                        |       | 121                                  | ** ** |
| Freescale   Semiconductor Ltd               |       | 12/1/2016           |       | 4.464             | %          | 1,499                                                                                        |       | 1,465                                                      |       | 1,465                                | ** ** |

 

F-38

----

Table of Contents

 
| **ISSUER**                                          | ** ** | **MATURITY   DATE** | ** ** | **COUPON   RATE** | ** ** | **PRINCIPAL   AMOUNT OF   BONDS & NOTES   OR # of SHARES** | ** ** | **AMORTIZED COST   (NOTES a & b)** | ** ** | **CARRYING   VALUE   (NOTE a)** | ** ** |
|-----------------------------------------------------|------------|---------------------|------------|-------------------|------------|----------------------------------------------------------------------------------------------|------------|------------------------------------------------------------|------------|--------------------------------------|------------|
| SABRE INC                                           |       | 9/30/2017           |       | 5.959             | %          | 284                                                                                          |       | 284                                                        |       | 284                                  | ** ** |
| **Total   Electronics/Information/Data Technology** |       |                |       |              |       |                                                                                         | ** ** | **1,870**                                                  | ** ** | **1,870**                            | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **ELECTRIC, GAS & OTHER**                  | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| ENERGY FUTURE HOLDINGS CORP                         |       | 10/10/2014          |       | 3.746             | %          | 1,868                                                                                        |       | 1,838                                                      |       | 1,838                                | ** ** |
| **Total Electric, Gas &   Other**          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **1,838**                                                  | ** ** | **1,838**                            | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **FINANCE - OTHER**                                 | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| CENGAGE LEARNING (THOMSON)                          |       | 7/3/2014            |       | 2.710             | %          | 238                                                                                          |       | 237                                                        |       | 237                                  | ** ** |
| NUVEEN INVESTMENTS INC                              |       | 5/13/2017           |       | 5.840             | %          | 468                                                                                          |       | 465                                                        |       | 465                                  | ** ** |
| NUVEEN INVESTMENTS INC                              |       | 5/13/2017           |       | 5.841             | %          | 400                                                                                          |       | 392                                                        |       | 392                                  | ** ** |
| SURGICAL CARE AFFILIATES INC                        |       | 12/29/2014          |       | 2.362             | %          | 142                                                                                          |       | 142                                                        |       | 142                                  | ** ** |
| **Total Finance - Other**                           | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **1,236**                                                  | ** ** | **1,236**                            | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **FOOD & DRUG**                            | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| Rite Aid Corp                                       |       | 6/4/2014            |       | 1.967             | %          | 729                                                                                          |       | 729                                                        |       | 729                                  | ** ** |
| **Total Food & Drug**                      | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **729**                                                    | ** ** | **729**                              | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **FOOD PROCESSING/BEVERAGES/BOTTLING**              | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| Dean Foods Co                                       |       | 4/2/2016            |       | 3.210             | %          | 2,944                                                                                        |       | 2,885                                                      |       | 2,885                                | ** ** |
| **Total Food   Processing/Beverages/Bottling**      | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **2,885**                                                  | ** ** | **2,885**                            | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **GAMING**                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| VENETIAN CASINO RESORT LLC                          |       | 11/23/2016          |       | 2.710             | %          | 471                                                                                          |       | 455                                                        |       | 455                                  | ** ** |
| VENETIAN CASINO RESORT LLC                          |       | 11/23/2016          |       | 2.710             | %          | 95                                                                                           |       | 92                                                         |       | 92                                   | ** ** |
| **Total Gaming**                                    | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **547**                                                    | ** ** | **547**                              | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **HEALTHCARE**                                      | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| BIOMET                                              |       | 7/25/2017           |       | 3.958             | %          | 285                                                                                          |       | 285                                                        |       | 285                                  |       |
| HCA Inc                                             |       | 5/1/2018            |       | 3.459             | %          | 1,184                                                                                        |       | 1,181                                                      |       | 1,181                                |       |
| **Total Healthcare**                                | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **1,466**                                                  | ** ** | **1,466**                            | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **Industrial**                                      | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| Contech Engineered Solutions L                      |       | 2/7/2017            |       | 13.000            | %          | 183                                                                                          |       | 183                                                        |       | 183                                  |       |
| **Total Industrial**                                | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **183**                                                    | ** ** | **183**                              | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **LEISURE**                                         | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| AMF BOWLING WORLDWIDE                               |       | 6/7/2013            |       | 0.000             | %          | 241                                                                                          |       | 241                                                        |       | 241                                  | **(d)**    |
| ZUFFA LLC                                           |       | 6/19/2015           |       | 2.250             | %          | 190                                                                                          |       | 190                                                        |       | 190                                  |       |
| **Total Leisure**                                   | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **431**                                                    | ** ** | **431**                              | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **PHARMACEUTICALS**                                 | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| CATALENT PHARMA SOLUTIONS INC                       |       | 9/15/2016           |       | 4.209             | %          | 689                                                                                          |       | 680                                                        |       | 680                                  |       |
| **Total PHARMACEUTICALS**                           | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **680**                                                    | ** ** | **680**                              | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **RETAIL STORES**                                   | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| MICHAELS STORES INC                                 |       | 7/31/2016           |       | 4.838             | %          | 437                                                                                          |       | 437                                                        |       | 437                                  |       |
| **Total Retail Stores**                             | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **437**                                                    | ** ** | **437**                              | ** ** |
| ** **                                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| **SERVICES - OTHER**                                | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** ** | ** **                           | ** ** |
| ARAMARK CORP                                        |       | 7/26/2016           |       | 3.461             | %          | 49                                                                                           |       | 49                                                         |       | 49                                   |       |
| ARAMARK CORP                                        |       | 7/26/2016           |       | 3.459             | %          | 745                                                                                          |       | 741                                                        |       | 741                                  |       |
| ARAMARK CORP                                        |       | 7/26/2016           |       | 3.461             | %          | 27                                                                                           |       | 27                                                         |       | 27                                   |       |
| ARAMARK CORP                                        |       | 7/26/2016           |       | 3.515             | %          | 338                                                                                          |       | 333                                                        |       | 333                                  |       |
| NIELSEN FINANCE LLC                                 |       | 8/9/2013            |       | 2.213             | %          | 4                                                                                            |       | 4                                                          |       | 4                                    |       |
| NIELSEN FINANCE LLC                                 |       | 5/2/2016            |       | 3.963             | %          | 978                                                                                          |       | 976                                                        |       | 976                                  |       |
| NIELSEN FINANCE LLC                                 |       | 5/2/2016            |       | 3.463             | %          | 433                                                                                          |       | 429                                                        |       | 429                                  |       |
| Weight Watchers International                       |       | 6/30/2016           |       | 2.625             | %          | 196                                                                                          |       | 194                                                        |       | 194                                  |       |
| Weight Watchers International                       |       | 2/24/2019           |       | 4.000             | %          | 1,027                                                                                        |       | 1,023                                                      |       | 1,023                                |       |
| **Total Services - Other**                          | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **3,776**                                                  | ** ** | **3,776**                            | ** ** |

 

F-39

----

Table of Contents

 
| **ISSUER**                                                                                       | ** ** | **MATURITY   DATE** | ** ** | **COUPON   RATE** | ** ** | **PRINCIPAL   AMOUNT OF   BONDS & NOTES   OR # of SHARES** | ** ** | **AMORTIZED COST   (NOTES a & b)** | ** **    | **CARRYING   VALUE   (NOTE a)** | ** ** |
|--------------------------------------------------------------------------------------------------|------------|---------------------|------------|-------------------|------------|----------------------------------------------------------------------------------------------|------------|------------------------------------------------------------|---------------|--------------------------------------|------------|
| ** **                                                                                       | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** **    | ** **                           | ** ** |
| **TELECOMMUNICATIONS**                                                                           | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** **    | ** **                           | ** ** |
| TW TELECOM (TIME WARNER)                                                                         |       | 12/30/2016          |       | 3.460             | %          | 1,401                                                                                        |       | 1,393                                                      |          | 1,393                                |       |
| Windstream Corp                                                                                  |       | 12/17/2015          |       | 3.090             | %          | 237                                                                                          |       | 237                                                        |          | 237                                  |       |
| **Total Telecommunications**                                                                     | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **1,630**                                                  | ** **    | **1,630**                            | ** ** |
| ** **                                                                                       | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** **    | ** **                           | ** ** |
| **Total - Syndicated Loans (b)**                                                                 | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **32,648**                                                 | ** **    | **32,648**                           | ** ** |
| ** **                                                                                       | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | ** **                                                 | ** **    | ** **                           | ** ** |
| **Allowance for Loan Losses**                                                                    |       |                |       |              |       |                                                                                         |       | (3,084                                                     | )             | (3,084                               | )          |
| **TOTAL - SYNDICATED LOANS,   NET **                                                        | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **29,564**                                                 | ** **    | **29,564**                           | ** ** |
| **TOTAL INVESTMENTS IN CASH   EQUIVALENTS, FIXED MATURITIES, COMMON STOCK AND SYNDICATED LOANS** | ** ** | ** **          | ** ** | ** **        | ** ** | ** **                                                                                   | ** ** | **$**                                                      | **3,531,240** | ** **                           | **$**      | **3,539,666** | ** ** |
|                                                                                                  |            |                     |            |                   |            |                                                                                              |            |                                                            |               |                                      |            |  |  |

 

----

| **NOTES**                                                                                                                                                                                                                                                                                                                                                                                                                                 | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|------------|------------|------------|------------|------------|------------|------------|------------|------------|------------|------------|------------|
| ** **                                                                                                                                                                                                                                                                                                                                                                                                                                | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| **a) Cash equivalents and available-for-sale 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.  See notes to the   financial statements regarding security valuation.** |
| ** **                                                                                                                                                                                                                                                                                                                                                                                                                                | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| **b) For Federal income tax   purposes, the cost of investments is $3.5 billion.**                                                                                                                                                                                                                                                                                                                                                        |
| ** **                                                                                                                                                                                                                                                                                                                                                                                                                                | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| **c) Securities written down due to   other-than-temporary impairment related to credit losses.**                                                                                                                                                                                                                                                                                                                                         |
| ** **                                                                                                                                                                                                                                                                                                                                                                                                                                | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| **d) Non-Income producing   securities.**                                                                                                                                                                                                                                                                                                                                                                                                 |

 

F-40

----

Table of Contents

 
| **AMERIPRISE CERTIFICATE COMPANY**                                   | **SCHEDULE III** |
|----------------------------------------------------------------------|------------------|
| **Mortgage Loans on Real Estate and Interest Earned on   Mortgages** |             |
| **Year Ended December 31, 2012**                                |             |
| **(Thousands)**                                                      |             |

 

**Part 1 - Mortgage loans on real estate at end of period**

**Part 2 - Interest earned on mortgages**

 
| ** **                                                                                                        | ** ** | ** **                 | ** **        | ** ** | ** ** | ** ** | ** ** | ** **              | ** ** | **Amount of principal**               | ** ** | ** **     | ** ** | ** **     | ** ** | **Average**             | ** ** |
|-------------------------------------------------------------------------------------------------------------------|------------|----------------------------|-------------------|------------|------------|------------|------------|-------------------------|------------|-------------------------------------------------|------------|----------------|------------|----------------|------------|-------------------------|------------|
| ** **                                                                                                        | ** ** | ** **                 | ** **        | ** ** | ** ** | ** ** | ** ** | ** **              | ** ** | **unpaid at end of period** | ** ** | ** **     | ** ** | **Interest**   | ** ** | **gross rate**     | ** ** |
| ** **                                                                                                        | ** ** | ** **                 | ** **        | ** ** | ** ** | ** ** | ** ** | ** **              | ** ** | ** **                                      | ** ** | **Subject**    | ** ** | **Amount**     | ** ** | **due and**        | ** ** | **of interest** | ** ** |
| ** **                                                                                                        | ** ** | ** **                 | ** **        | ** ** | ** ** | ** ** | ** ** | ** **              | ** ** | ** **                                      | ** ** | **to**         | ** ** | **of**         | ** ** | **accrued**             | ** ** | **on mortgages** | ** ** |
| ** **                                                                                                        | ** ** | ** **                 | ** **        | **Number** | ** ** | **Prior**  | ** ** | **Carrying**            | ** ** | ** **                                      | ** ** | **delinquent** | ** ** | **mortgages**  | ** ** | **at end of** | ** ** | **held at end** | ** ** |
| ** **                                                                                                        | ** ** | ** **                 | ** **        | **of**     | ** ** | **liens**  | ** ** | **amount of**      | ** ** | ** **                                      | ** ** | **interest**   | ** ** | **being**      | ** ** | **period**              | ** ** | **of period** | ** ** |
| **Loan No.            Description ****(a)** | ** ** | **Property Location** | ** **        | **loans**  | ** ** | **(b)**    | ** ** | **mortgages (c),** | ** ** | **Total**                                       | ** ** | **(d)**        | ** ** | **foreclosed** | ** ** | **(e)**                 | ** ** | **(f)** | ** ** |
|                                                                                                              |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| First mortgages:                                                                                                  |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Insured by Federal Housing Administration - liens   on:                                                           |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Residential - under $100                                                                                          |       |                       |              | —     |       |       |       | —                  |       | —                                          |       | —         |       | —         |       |                    |       | 0.000 | % |
| Apartment and business - under $100                                                                               |       |                       |              | —     |       |       |       | —                  |       | —                                          |       | —         |       | —         |       |                    |       | 0.000 | % |
|                                                                                                              |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Total                                                                                                             |       |                       |              | —     |       |       |       | —                  |       | —                                          |       | —         |       | —         |       |                    |       | 0.000 | % |
| Partially guaranteed under Serviceman’s                                                                      |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Readjustment Act of 1944, as amended - liens on:                                                                  |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Residential - under $100                                                                                          |       |                       |              | —     |       |       |       | —                  |       | —                                          |       | —         |       | —         |       |                    |       | 0.000 | % |
| Apartment and business - under $100                                                                               |       |                       |              | —     |       |       |       | —                  |       | —                                          |       | —         |       | —         |       |                    |       | 0.000 | % |
|                                                                                                              |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Total                                                                                                             |       |                       |              | —     |       |       |       | —                  |       | —                                          |       | —         |       | —         |       |                    |       | 0.000 | % |
| Other - liens on:                                                                                                 |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Residential                                                                                                       |       |                       |              | —     |       |       |       | —                  |       | —                                          |       | —         |       | —         |       |                    |       | 0.000 | % |
|                                                                                                              |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Apartment and business:                                                                                           |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Under $100                                                                                                        | ** ** | ** **                 |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| $100 to $150                                                                                                      |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
|                                                                                                              | 121047157  |                       | Tampa             | FL         | 1          |       |       |                    | 100        |                                            | 100        |           | —     |           | —     |                    |       |   | 7.650 | % |
|                                                                                                              | 121047256  |                       | Rapid   City      | SD         | 1          |       |       |                    | 107        |                                            | 107        |           | —     |           | —     |                    |       |   | 6.750 | % |
|                                                                                                              | 121047298  |                       | Rock   Hill       | SC         | 1          |       |       |                    | 139        |                                            | 139        |           | —     |           | —     |                    |       |   | 7.250 | % |
| $150 to $200                                                                                                      |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |   |
|                                                                                                              | 121047295  |                       | Concord           | NC         | 1          |       |       |                    | 192        |                                            | 192        |           | —     |           | —     |                    |       |   | 7.000 | % |
| $200 to $250                                                                                                      |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |   |
|                                                                                                              | 121047294  |                       | Hope   Mills      | NC         | 1          |       |       |                    | 246        |                                            | 246        |           | —     |           | —     |                    |       |   | 7.000 | % |
| $250 to $300                                                                                                      |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |   |
| $300 to $350                                                                                                      |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |   |
| $350 to $400                                                                                                      |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |   |
|                                                                                                              | 121047289  |                       | Newport   News    | VA         | 1          |       |       |                    | 384        |                                            | 384        |           | —     |           | —     |                    |       |   | 6.900 | % |
| $400 to $450                                                                                                      |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |   |
|                                                                                                              | 121047318  |                       | Silverdale        | WA         | 1          |       |       |                    | 422        |                                            | 422        |           | —     |           | —     |                    |       |   | 4.410 | % |
| $450 to $500                                                                                                      |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |   |
|                                                                                                              | 121047255  |                       | Forest   Lake     | MN         | 1          |       |       |                    | 490        |                                            | 490        |           | —     |           | —     |                    |       |   | 6.830 | % |
| **Over $500:**                                                                                                    | ** ** | ** **                 | ** **        |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |   |
|                                                                                                              | 121047195  |                       | Pharr             | TX         | 1          |       |       |                    | 1,155      |                                            | 1,155      |           | —     |           | —     |                    |       |   | 5.680 | % |
|                                                                                                              | 121047196  |                       | Pharr             | TX         | 1          |       |       |                    | 2,584      |                                            | 2,584      |           | —     |           | —     |                    |       |   | 5.680 | % |
|                                                                                                              | 121047197  |                       | Alamo             | TX         | 1          |       |       |                    | 592        |                                            | 592        |           | —     |           | —     |                    |       |   | 5.680 | % |
|                                                                                                              | 121047210  |                       | West   Haven      | CT         | 1          |       |       |                    | 5,279      |                                            | 5,279      |           | —     |           | —     |                    |       |   | 4.250 | % |
|                                                                                                              | 121047215  |                       | Urbandale         | IA         | 1          |       |       |                    | 1,589      |                                            | 1,589      |           | —     |           | —     |                    |       |   | 3.750 | % |
|                                                                                                              | 121047216  |                       | Urbandale         | IA         | 1          |       |       |                    | 1,251      |                                            | 1,251      |           | —     |           | —     |                    |       |   | 3.750 | % |
|                                                                                                              | 121047230  |                       | Houston           | TX         | 1          |       |       |                    | 1,600      |                                            | 1,600      |           | —     |           | —     |                    |       |   | 5.110 | % |
|                                                                                                              | 121047262  |                       | Fargo             | ND         | 1          |       |       |                    | 7,923      |                                            | 7,923      |           | —     |           | —     |                    |       |   | 5.440 | % |
|                                                                                                              | 121047268  |                       | Sebring           | FL         | 1          |       |       |                    | 7,303      |                                            | 7,303      |           | —     |           | —     |                    |       |   | 6.000 | % |
|                                                                                                              | 121047281  |                       | Shaker   Heights  | OH         | 1          |       |       |                    | 1,727      |                                            | 1,727      |           | —     |           | —     |                    |       |   | 2.270 | % |
|                                                                                                              | 121047329  |                       | Omaha             | NE         | 1          |       |       |                    | 934        |                                            | 934        |           | —     |           | —     |                    |       |   | 6.750 | % |
|                                                                                                              | 121047342  |                       | Tucson            | AZ         | 1          |       |       |                    | 2,306      |                                            | 2,306      |           | —     |           | —     |                    |       |   | 5.250 | % |
|                                                                                                              | 121047343  |                       | Durham            | NC         | 1          |       |       |                    | 1,918      |                                            | 1,918      |           | —     |           | —     |                    |       |   | 5.000 | % |
|                                                                                                              | 121047354  |                       | San   Diego       | CA         | 1          |       |       |                    | 5,244      |                                            | 5,244      |           | —     |           | —     |                    |       |   | 3.270 | % |
|                                                                                                              | 121047356  |                       | Wood   Dale       | IL         | 1          |       |       |                    | 1,949      |                                            | 1,949      |           | —     |           | —     |                    |       |   | 4.030 | % |
|                                                                                                              | 121047357  |                       | Wauconda          | IL         | 1          |       |       |                    | 1,413      |                                            | 1,413      |           | —     |           | —     |                    |       |   | 4.030 | % |
|                                                                                                              | 121047364  |                       | Kansas   City     | KS         | 1          |       |       |                    | 1,247      |                                            | 1,247      |           | —     |           | —     |                    |       |   | 3.110 | % |
|                                                                                                              | 121087167  |                       | Ruskin            | FL         | 1          |       |       |                    | 3,348      |                                            | 3,348      |           | —     |           | —     |                    |       |   | 5.650 | % |
|                                                                                                              | 121087168  |                       | Riverview         | FL         | 1          |       |       |                    | 1,759      |                                            | 1,759      |           | —     |           | —     |                    |       |   | 5.650 | % |
|                                                                                                              | 121087187  |                       | Mebane            | NC         | 1          |       |       |                    | 3,072      |                                            | 3,072      |           | —     |           | —     |                    |       |   | 5.690 | % |
|                                                                                                              | 121087245  |                       | Southport         | CT         | 1          |       |       |                    | 3,108      |                                            | 3,108      |           | —     |           | —     |                    |       |   | 5.750 | % |
|                                                                                                              | 121087290  |                       | Doraville         | GA         | 1          |       |       |                    | 1,840      |                                            | 1,840      |           | —     |           | —     |                    |       |   | 5.770 | % |
|                                                                                                              | 121087313  |                       | Orchard   Park    | NY         | 1          |       |       |                    | 3,059      |                                            | 3,059      |           | —     |           | —     |                    |       |   | 5.460 | % |
|                                                                                                              | 121087320  |                       | Kirkland          | WA         | 1          |       |       |                    | 2,950      |                                            | 2,950      |           | —     |           | —     |                    |       |   | 3.560 | % |
|                                                                                                              | 121087327  |                       | Marietta          | GA         | 1          |       |       |                    | 2,100      |                                            | 2,100      |           | —     |           | —     |                    |       |   | 3.410 | % |
|                                                                                                              | 121087337  |                       | Issaquah          | WA         | 1          |       |       |                    | 6,478      |                                            | 6,478      |           | —     |           | —     |                    |       |   | 5.330 | % |
|                                                                                                              | 121087344  |                       | Norcross          | GA         | 1          |       |       |                    | 1,755      |                                            | 1,755      |           | —     |           | —     |                    |       |   | 5.000 | % |
|                                                                                                              | 121087345  |                       | Henderson         | NV         | 1          |       |       |                    | 6,321      |                                            | 6,321      |           | —     |           | —     |                    |       |   | 4.500 | % |
|                                                                                                              | 121087346  |                       | Independence      | MO         | 1          |       |       |                    | 1,536      |                                            | 1,536      |           | —     |           | —     |                    |       |   | 4.380 | % |
|                                                                                                              | 121087347  |                       | Lawrenceville     | GA         | 1          |       |       |                    | 1,492      |                                            | 1,492      |           | —     |           | —     |                    |       |   | 4.650 | % |
|                                                                                                              | 121087349  |                       | Carlsbad          | CA         | 1          |       |       |                    | 2,116      |                                            | 2,116      |           | —     |           | —     |                    |       |   | 3.600 | % |
|                                                                                                              | 121087350  |                       | Norwalk           | CA         | 1          |       |       |                    | 4,361      |                                            | 4,361      |           | —     |           | —     |                    |       |   | 4.670 | % |
|                                                                                                              | 121087351  |                       | Gardena           | CA         | 1          |       |       |                    | 1,782      |                                            | 1,782      |           | —     |           | —     |                    |       |   | 4.450 | % |
|                                                                                                              | 121087352  |                       | Bedford           | NH         | 1          |       |       |                    | 2,376      |                                            | 2,376      |           | —     |           | —     |                    |       |   | 4.860 | % |
|                                                                                                              | 121087353  |                       | Beaverton         | OR         | 1          |       |       |                    | 884        |                                            | 884        |           | —     |           | —     |                    |       |   | 4.450 | % |
|                                                                                                              | 121087355  |                       | Oregon   City     | OR         | 1          |       |       |                    | 2,024      |                                            | 2,024      |           | —     |           | —     |                    |       |   | 3.460 | % |
|                                                                                                              | 121087358  |                       | Philadelphia      | PA         | 1          |       |       |                    | 2,535      |                                            | 2,535      |           | —     |           | —     |                    |       |   | 3.590 | % |
|                                                                                                              | 121087359  |                       | Apex              | NC         | 1          |       |       |                    | 1,132      |                                            | 1,132      |           | —     |           | —     |                    |       |   | 3.520 | % |
|                                                                                                              | 121087360  |                       | Sun   City Center | FL         | 1          |       |       |                    | 4,514      |                                            | 4,514      |           | —     |           | —     |                    |       |   | 4.350 | % |
|                                                                                                              | 121087361  |                       | Oswego            | OR         | 1          |       |       |                    | 4,763      |                                            | 4,763      |           | —     |           | —     |                    |       |   | 3.480 | % |
|                                                                                                              | 121087362  |                       | Atlanta           | GA         | 1          |       |       |                    | 2,471      |                                            | 2,471      |           | —     |           | —     |                    |       |   | 3.580 | % |
|                                                                                                              | 121087363  |                       | Springfield       | OR         | 1          |       |       |                    | 1,159      |                                            | 1,159      |           | —     |           | —     |                    |       |   | 3.930 | % |
|                                                                                                              | 121087365  |                       | Fairfax           | VA         | 1          |       |       |                    | 2,096      |                                            | 2,096      |           | —     |           | —     |                    |       |   | 3.610 | % |
|                                                                                                              | 121087366  |                       | Murray            | UT         | 1          |       |       |                    | 1,400      |                                            | 1,400      |           | —     |           | —     |                    |       |   | 3.310 | % |
|                                                                                                              | 121087368  |                       | Norwich           | NY         | 1          |       |       |                    | 3,300      |                                            | 3,300      |           | —     |           | —     |                    |       |   | 3.170 | % |
| Total Other                                                                                                       |       |                       |              | 53         |       | —     |       | 123,825                 |       | 123,825                                         |       | —         |       | —         |       | ** **              | ** ** | 4.612 | % |
|                                                                                                              |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Unallocated Reserve for Losses                                                                                    | * *   | * *                   |              |       |       |       |       | 2,576                   |       |                                            |       |           |       |           |       |                    |       |   |   |
|                                                                                                              |       |                       |              |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Total First Mortgage Loans on Real Estate                                                                         |       |                       |              | 53         |       |       |       | $                       | 121,249    |                                            | $          | 123,825        |       |           |       |                    |       |   |   |   |   |
|                                                                                                                   |            |                            |                   |            |            |            |            |                         |            |                                                 |            |                |            |                |            |                         |            |  |  |  |  |  |

 

F-41

----

Table of Contents

 

SCHEDULE III

 
| **AMERIPRISE CERTIFICATE COMPANY**                                   | ** ** |
|----------------------------------------------------------------------|------------|
| **Mortgage Loans on Real Estate and Interest Earned on   Mortgages** |       |
| **Year Ended December 31, 2011**                                |       |
| **(Thousands)**                                                      |       |

 

**Part 1 - Mortgage loans on real estate at end of period**

**Part 2 - Interest earned on mortgages**

 
| ** **                                                                                                    | ** ** | ** **                 | ** **       | ** ** | ** ** | ** ** | ** ** | ** **              | ** ** | **Amount of principal**               | ** ** | ** **     | ** ** | ** **     | ** ** | **Average**             | ** ** |
|---------------------------------------------------------------------------------------------------------------|------------|----------------------------|------------------|------------|------------|------------|------------|-------------------------|------------|-------------------------------------------------|------------|----------------|------------|----------------|------------|-------------------------|------------|
| ** **                                                                                                    | ** ** | ** **                 | ** **       | ** ** | ** ** | ** ** | ** ** | ** **              | ** ** | **unpaid at end of period** | ** ** | ** **     | ** ** | **Interest**   | ** ** | **gross rate**     | ** ** |
| ** **                                                                                                    | ** ** | ** **                 | ** **       | ** ** | ** ** | ** ** | ** ** | ** **              | ** ** | ** **                                      | ** ** | **Subject**    | ** ** | **Amount**     | ** ** | **due and**        | ** ** | **of interest** | ** ** |
| ** **                                                                                                    | ** ** | ** **                 | ** **       | ** ** | ** ** | ** ** | ** ** | ** **              | ** ** | ** **                                      | ** ** | **to**         | ** ** | **of**         | ** ** | **accrued**             | ** ** | **on mortgages** | ** ** |
| ** **                                                                                                    | ** ** | ** **                 | ** **       | **Number** | ** ** | **Prior**  | ** ** | **Carrying**            | ** ** | ** **                                      | ** ** | **delinquent** | ** ** | **mortgages**  | ** ** | **at end of** | ** ** | **held at end** | ** ** |
| ** **                                                                                                    | ** ** | ** **                 | ** **       | **of**     | ** ** | **liens**  | ** ** | **amount of**      | ** ** | ** **                                      | ** ** | **interest**   | ** ** | **being**      | ** ** | **period**              | ** ** | **of period** | ** ** |
| **Loan No.            Description (a)** | ** ** | **Property Location** | ** **       | **loans**  | ** ** | **(b)**    | ** ** | **mortgages (c),** | ** ** | **Total**                                       | ** ** | **(d)**        | ** ** | **foreclosed** | ** ** | **(e)**                 | ** ** | **(f)** | ** ** |
|                                                                                                          |       |                       |             |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| First mortgages:                                                                                              |       |                       |             |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Insured by Federal Housing Administration - liens   on:                                                       |       |                       |             |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Residential - under $100                                                                                      |       |                       |             | —     |       |       |       | —                  |       | —                                          |       | —         |       | —         |       |                    |       | 0.000 | % |
| Apartment and business - under $100                                                                           |       |                       |             | —     |       |       |       | —                  |       | —                                          |       | —         |       | —         |       |                    |       | 0.000 | % |
|                                                                                                          |       |                       |             |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Total                                                                                                         |       |                       |             | —     |       |       |       | —                  |       | —                                          |       | —         |       | —         |       |                    |       | 0.000 | % |
| Partially guaranteed under Serviceman’s                                                                  |       |                       |             |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Readjustment Act of 1944, as amended - liens on:                                                              |       |                       |             |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Residential - under $100                                                                                      |       |                       |             | —     |       |       |       | —                  |       | —                                          |       | —         |       | —         |       |                    |       | 0.000 | % |
| Apartment and business - under $100                                                                           |       |                       |             | —     |       |       |       | —                  |       | —                                          |       | —         |       | —         |       |                    |       | 0.000 | % |
|                                                                                                          |       |                       |             |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Total                                                                                                         |       |                       |             | —     |       |       |       | —                  |       | —                                          |       | —         |       | —         |       |                    |       | 0.000 | % |
| Other - liens on:                                                                                             |       |                       |             |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Residential                                                                                                   |       |                       |             | —     |       |       |       | —                  |       | —                                          |       | —         |       | —         |       |                    |       | 0.000 | % |
|                                                                                                          | ** ** |                       |             |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Apartment and business:                                                                                       |       |                       |             |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Under $100                                                                                                    | ** ** | ** **                 |             | —     |       |       |       | —                  |       | —                                          |       | —         |       | —         |       |                    |       | 0.000 | % |
| $100 to $150                                                                                                  |       |                       |             | —     |       |       |       | —                  |       | —                                          |       | —         |       | —         |       |                    |       | 0.000 | % |
| $150 to $200                                                                                                  |       |                       |             |       | —     |       |       |                    | —     |                                            | —     |           | —     |           | —     |                    |       |   | 0.000 | % |
| $200 to $250                                                                                                  |       |                       |             |       | —     |       |       |                    | —     |                                            | —     |           | —     |           | —     |                    |       |   | 0.000 | % |
|                                                                                                          | 121047256  |                       | Rapid   City     | SD         | 1          |       |       |                    | 228        |                                            | 228        |           | —     |           | —     |                    |       |   | 6.750 | % |
|                                                                                                          | 121047298  |                       | Rock   Hill      | SC         | 1          |       |       |                    | 235        |                                            | 235        |           | —     |           | —     |                    |       |   | 7.250 | % |
| $250 to $300                                                                                                  |       |                       |             |       | —     |       |       |                    | —     |                                            | —     |           | —     |           | —     |                    |       |   | 0.000 | % |
| $300 to $350                                                                                                  |       |                       |             |       | —     |       |       |                    | —     |                                            | —     |           | —     |           | —     |                    |       |   | 0.000 | % |
|                                                                                                          | 121047295  |                       | Concord          | NC         | 1          |       |       |                    | 324        |                                            | 324        |           | —     |           | —     |                    |       |   | 7.000 | % |
| $350 to $400                                                                                                  |       |                       |             |       | —     |       |       |                    | —     |                                            | —     |           | —     |           | —     |                    |       |   | 0.000 | % |
| $400 to $450                                                                                                  |       |                       |             |       | —     |       |       |                    | —     |                                            | —     |           | —     |           | —     |                    |       |   | 0.000 | % |
|                                                                                                          | 121047294  |                       | Hope   Mills     | NC         | 1          |       |       |                    | 417        |                                            | 417        |           | —     |           | —     |                    |       |   | 7.000 | % |
| $450 to $500                                                                                                  |       |                       |             |       | —     |       |       |                    | —     |                                            | —     |           | —     |           | —     |                    |       |   | 0.000 | % |
|                                                                                                          | 121047157  |                       | Tampa            | FL         | 1          |       |       |                    | 484        |                                            | 484        |           | —     |           | —     |                    |       |   | 7.650 | % |
| **Over $500:**                                                                                                |       | ** **                 | ** **       |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |   |
| ** **                                                                                                    | 121047195  |                       | Pharr            | TX         | 1          |       | —     |                    | 1,255      |                                            | 1,255      |           | —     |           | —     |                    |       |   | 5.680 | % |
|                                                                                                          | 121047196  |                       | Pharr            | TX         | 1          |       | —     |                    | 2,808      |                                            | 2,808      |           | —     |           | —     |                    |       |   | 5.680 | % |
|                                                                                                          | 121047197  |                       | Alamo            | TX         | 1          |       | —     |                    | 643        |                                            | 643        |           | —     |           | —     |                    |       |   | 5.680 | % |
|                                                                                                          | 121047210  |                       | West   Haven     | CT         | 1          |       | —     |                    | 5,441      |                                            | 5,441      |           | —     |           | —     |                    |       |   | 5.980 | % |
|                                                                                                          | 121047214  |                       | Plymouth         | MN         | 1          |       | —     |                    | 8,081      |                                            | 8,081      |           | —     |           | —     |                    |       |   | 5.480 | % |
|                                                                                                          | 121047215  |                       | Urbandale        | IA         | 1          |       | —     |                    | 1,794      |                                            | 1,794      |           | —     |           | —     |                    |       |   | 5.550 | % |
|                                                                                                          | 121047216  |                       | Urbandale        | IA         | 1          |       | —     |                    | 1,412      |                                            | 1,412      |           | —     |           | —     |                    |       |   | 5.550 | % |
|                                                                                                          | 121047224  |                       | Plano            | TX         | 1          |       | —     |                    | 1,797      |                                            | 1,797      |           | —     |           | —     |                    |       |   | 6.000 | % |
|                                                                                                          | 121047226  |                       | Austin           | TX         | 1          |       | —     |                    | 1,782      |                                            | 1,782      |           | —     |           | —     |                    |       |   | 5.500 | % |
|                                                                                                          | 121047230  |                       | Houston          | TX         | 1          |       | —     |                    | 1,653      |                                            | 1,653      |           | —     |           | —     |                    |       |   | 5.110 | % |
|                                                                                                          | 121047255  |                       | Forest   Lake    | MN         | 1          |       | —     |                    | 1,106      |                                            | 1,106      |           | —     |           | —     |                    |       |   | 6.830 | % |
|                                                                                                          | 121047262  |                       | Fargo            | ND         | 1          |       | —     |                    | 4,474      |                                            | 4,474      |           | —     |           | —     |                    |       |   | 5.820 | % |
|                                                                                                          | 121047268  |                       | Sebring          | FL         | 1          |       | —     |                    | 7,453      |                                            | 7,453      |           | —     |           | —     |                    |       |   | 6.000 | % |
|                                                                                                          | 121047281  |                       | Shaker   Heights | OH         | 1          |       | —     |                    | 1,727      |                                            | 1,727      |           | —     |           | —     |                    |       |   | 2.270 | % |
|                                                                                                          | 121047285  |                       | Fort   Myers     | FL         | 1          |       | —     |                    | 1,067      |                                            | 1,067      |           | —     |           | —     |                    |       |   | 6.750 | % |
|                                                                                                          | 121047289  |                       | Newport   News   | VA         | 1          |       | —     |                    | 668        |                                            | 668        |           | —     |           | —     |                    |       |   | 6.900 | % |
|                                                                                                          | 121047318  |                       | Silverdale       | WA         | 1          |       | —     |                    | 983        |                                            | 983        |           | —     |           | —     |                    |       |   | 4.410 | % |
|                                                                                                          | 121047320  |                       | Kirkland         | WA         | 1          |       | —     |                    | 2,656      |                                            | 2,656      |           | —     |           | —     |                    |       |   | 6.150 | % |
|                                                                                                          | 121047329  |                       | Omaha            | NE         | 1          |       | —     |                    | 964        |                                            | 964        |           | —     |           | —     |                    |       |   | 6.750 | % |
|                                                                                                          | 121047342  |                       | Tucson           | AZ         | 1          |       | —     |                    | 2,468      |                                            | 2,468      |           | —     |           | —     |                    |       |   | 5.250 | % |
|                                                                                                          | 121087343  |                       | Durham           | NC         | 1          |       | —     |                    | 1,981      |                                            | 1,981      |           | —     |           | —     |                    |       |   | 5.000 | % |
|                                                                                                          | 121047354  |                       | San   Diego      | CA         | 1          |       | —     |                    | 5,970      |                                            | 5,970      |           | —     |           | —     |                    |       |   | 3.270 | % |
|                                                                                                          | 121047355  |                       | Oregon   City    | OR         | 1          |       | —     |                    | 2,200      |                                            | 2,200      |           | —     |           | —     |                    |       |   | 3.460 | % |
|                                                                                                          | 121047356  |                       | Wood   Dale      | IL         | 1          |       | —     |                    | 1,996      |                                            | 1,996      |           | —     |           | —     |                    |       |   | 4.030 | % |
|                                                                                                          | 121047357  |                       | Wauconda         | IL         | 1          |       | —     |                    | 1,447      |                                            | 1,447      |           | —     |           | —     |                    |       |   | 4.030 | % |
|                                                                                                          | 121087167  |                       | Ruskin           | FL         | 1          |       | —     |                    | 3,650      |                                            | 3,650      |           | —     |           | —     |                    |       |   | 5.650 | % |
|                                                                                                          | 121087168  |                       | Riverview        | FL         | 1          |       | —     |                    | 1,918      |                                            | 1,918      |           | —     |           | —     |                    |       |   | 5.650 | % |
|                                                                                                          | 121087187  |                       | Mebane           | NC         | 1          |       | —     |                    | 3,164      |                                            | 3,164      |           | —     |           | —     |                    |       |   | 5.690 | % |
|                                                                                                          | 121087245  |                       | Southport        | CT         | 1          |       | —     |                    | 3,191      |                                            | 3,191      |           | —     |           | —     |                    |       |   | 5.750 | % |
|                                                                                                          | 121087290  |                       | Doraville        | GA         | 1          |       | —     |                    | 1,980      |                                            | 1,980      |           | —     |           | —     |                    |       |   | 5.770 | % |
|                                                                                                          | 121087313  |                       | Orchard   Park   | NY         | 1          |       | —     |                    | 3,216      |                                            | 3,216      |           | —     |           | —     |                    |       |   | 5.460 | % |
|                                                                                                          | 121087327  |                       | Marietta         | GA         | 1          |       | —     |                    | 2,057      |                                            | 2,057      |           | —     |           | —     |                    |       |   | 6.500 | % |
|                                                                                                          | 121087337  |                       | Issaquah         | WA         | 1          |       | —     |                    | 6,816      |                                            | 6,816      |           | —     |           | —     |                    |       |   | 5.330 | % |
|                                                                                                          | 121087344  |                       | Norcross         | GA         | 1          |       | —     |                    | 1,808      |                                            | 1,808      |           | —     |           | —     |                    |       |   | 6.220 | % |
|                                                                                                          | 121087345  |                       | Henderson        | NV         | 1          |       | —     |                    | 6,627      |                                            | 6,627      |           | —     |           | —     |                    |       |   | 6.250 | % |
|                                                                                                          | 121087346  |                       | Independence     | MO         | 1          |       | —     |                    | 1,573      |                                            | 1,573      |           | —     |           | —     |                    |       |   | 4.380 | % |
|                                                                                                          | 121087347  |                       | Lawrencevill     | GA         | 1          |       | —     |                    | 1,632      |                                            | 1,632      |           | —     |           | —     |                    |       |   | 4.650 | % |
|                                                                                                          | 121087348  |                       | Grandy           | NC         | 1          |       | —     |                    | 935        |                                            | 935        |           | —     |           | —     |                    |       |   | 4.250 | % |
|                                                                                                          | 121087349  |                       | Carlsbad         | CA         | 1          |       | —     |                    | 2,173      |                                            | 2,173      |           | —     |           | —     |                    |       |   | 3.600 | % |
|                                                                                                          | 121087350  |                       | Norwalk          | CA         | 1          |       | —     |                    | 4,460      |                                            | 4,460      |           | —     |           | —     |                    |       |   | 4.670 | % |
|                                                                                                          | 121087351  |                       | Gardena          | CA         | 1          |       | —     |                    | 1,947      |                                            | 1,947      |           | —     |           | —     |                    |       |   | 4.450 | % |
|                                                                                                          | 121087352  |                       | Bedford          | NH         | 1          |       | —     |                    | 2,429      |                                            | 2,429      |           | —     |           | —     |                    |       |   | 4.860 | % |
|                                                                                                          | 121087353  |                       | Beaverton        | OR         | 1          |       | —     |                    | 967        |                                            | 967        |           | —     |           | —     |                    |       |   | 4.450 | % |
|                                                                                                          | 121087358  |                       | Philadelphia     | PA         | 1          |       | —     |                    | 2,600      |                                            | 2,600      |           | —     |           | —     |                    |       |   | 3.590 | % |
| Total Other                                                                                                   |       |                       |             | 49         |       | —     |       | 118,657                 |       | 118,657                                         |       | —         |       | —         |       | ** **              | ** ** | 5.292 | % |
|                                                                                                          |       |                       |             |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Unallocated Reserve for Losses                                                                                | * *   | * *                   |             |       |       |       |       | 2,576                   |       |                                            |       |           |       |           |       |                    |       |   |   |
|                                                                                                          |       |                       |             |       |       |       |       |                    |       |                                            |       |           |       |           |       |                    |       |   |   |
| Total First Mortgage Loans on Real Estate                                                                     |       |                       |             | 49         |       |       |       | $                       | 116,081    |                                            | $          | 118,657        |       |           |       |                    |       |   |   |   |   |
|                                                                                                               |            |                            |                  |            |            |            |            |                         |            |                                                 |            |                |            |                |            |                         |            |  |  |  |  |  |

 

F-42

----

Table of Contents

 

SCHEDULE III

 

**AMERIPRISE CERTIFICATE COMPANY**
| **Mortgage Loans on Real Estate and Interest Earned on   Mortgages** | ** ** |
|----------------------------------------------------------------------|------------|

**Year Ended December 31, 2012**

**(Thousands)**

 

**Part 3 - Location of mortgaged properties**

 
|                                                                 |       |       |       |       |       |               |        | **Amount of principal unpaid at end of period** |      |           |       |
|----------------------------------------------------------------------|------------|------------|------------|------------|------------|--------------------|-------------|-------------------------------------------------------------------------------|-----------|----------------|------------|
|                                                                 |       |       |       |       |       |               |        |                                                                          |      | **Subject**    |       |   |   |
|                                                                 |       |       |       |       |       | **Carrying**       |        |                                                                          |      | **to**         |       | **Amount of** |   |
| **State in**                                                    |       | **Number** |       | **Prior**  |       | **amount of** |        |                                                                          |      | **delinquent** |       | **mortgages** |   |
| **which mortgaged**                                             |       | **of**     |       | **liens**  |       | **mortgages**      |        |                                                                          |      | **interest**   |       | **being** |   |
| **property is located**                                    | ** ** |       | **loans**  |       | **(b)**    |               | **(c)**     |                                                                          | **Total** |           | **(d)**    |   | **foreclosed** |   |
|                                                                 |       |       |       |       |       |               |        |                                                                          |      |           |       |   |   |   |
| Arizona                                                              |       | AZ         | 1          |       |       |               | 2,306       |                                                                          | 2,306     |           | —     |   | — |   |
| California                                                           |       | CA         | 4          |       |       |               | 13,503      |                                                                          | 13,503    |           |       |   |   |   |
| Connecticut                                                          |       | CT         | 2          |       |       |               | 8,387       |                                                                          | 8,387     |           | —     |   | — |   |
| Florida                                                              |       | FL         | 5          |       |       |               | 17,024      |                                                                          | 17,024    |           | —     |   | — |   |
| Georgia                                                              |       | GA         | 5          |       |       |               | 9,659       |                                                                          | 9,659     |           | —     |   | — |   |
| Iowa                                                                 |       | IA         | 2          |       |       |               | 2,840       |                                                                          | 2,840     |           | —     |   | — |   |
| Illinois                                                             |       | IL         | 2          |       |       |               | 3,361       |                                                                          | 3,361     |           | —     |   | — |   |
| Kansas                                                               |       | KS         | 1          |       |       |               | 1,247       |                                                                          | 1,247     |           | —     |   | — |   |
| Minnesota                                                            |       | MN         | 1          |       |       |               | 490         |                                                                          | 490       |           | —     |   | — |   |
| Montana                                                              |       | MO         | 1          |       |       |               | 1,536       |                                                                          | 1,536     |           | —     |   | — |   |
| North Carolina                                                       |       | NC         | 5          |       |       |               | 6,560       |                                                                          | 6,560     |           | —     |   | — |   |
| North Dakota                                                         |       | ND         | 1          |       |       |               | 7,924       |                                                                          | 7,924     |           | —     |   | — |   |
| Nebraska                                                             |       | NE         | 1          |       |       |               | 934         |                                                                          | 934       |           | —     |   | — |   |
| New Hampshire                                                        |       | NH         | 1          |       |       |               | 2,376       |                                                                          | 2,376     |           |       |   |   |   |
| Nevada                                                               |       | NV         | 1          |       |       |               | 6,321       |                                                                          | 6,321     |           | —     |   | — |   |
| New York                                                             |       | NY         | 2          |       |       |               | 6,359       |                                                                          | 6,359     |           | —     |   | — |   |
| Ohio                                                                 |       | OH         | 1          |       |       |               | 1,727       |                                                                          | 1,727     |           | —     |   | — |   |
| Oregon                                                               |       | OR         | 4          |       |       |               | 8,829       |                                                                          | 8,829     |           |       |   |   |   |
| Pennsylvania                                                         |       | PA         | 1          |       |       |               | 2,535       |                                                                          | 2,535     |           | —     |   | — |   |
| South Carolina                                                       |       | SC         | 1          |       |       |               | 139         |                                                                          | 139       |           | —     |   | — |   |
| South Dakota                                                         |       | SD         | 1          |       |       |               | 107         |                                                                          | 107       |           | —     |   | — |   |
| Texas                                                                |       | TX         | 4          |       |       |               | 5,930       |                                                                          | 5,930     |           | —     |   | — |   |
| Utah                                                                 |       | UT         | 1          |       |       |               | 1,400       |                                                                          | 1,400     |           | —     |   | — |   |
| Virginia                                                             |       | VA         | 2          |       |       |               | 2,480       |                                                                          | 2,480     |           | —     |   | — |   |
| Washington                                                           |       | WA         | 3          |       |       |               | 9,851       |                                                                          | 9,851     |           | —     |   | — |   |
| **TOTAL**                                                            |       | 53         |       |       |       | 123,825            |        | 123,825                                                                       |      | —         |       | — |   |
| Unallocated Reserve for Losses *(Accts #1218300090 and #1218300010)* |       |       |       |       |       | 2,576              |        |                                                                          |      |           |       |   |   |
| **Total**                                                            | ** ** | **53**     | ** ** | ** ** | ** ** | **$**              | **121,249** | ** **                                                                    | **$**     | **123,825**    | ** ** | **—** | ** ** | **—** | ** ** |
|                                                                      |            |            |            |            |            |                    |             |                                                                               |           |                |            |  |  |  |  |  |

 

----

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 the Company 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 due and accrued for the various classes within the types of mortgage loans is not readily available and the obtaining thereof would involve unreasonable effort and expense. The Company does not accrue interest on loans which are over three months delinquent.

(f)  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 at December 31, 2012 are shown by type and class of loan.

 

F-43

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Table of Contents

 

The average gross interest rates on mortgage loans held at December 31, 2012, 2011 and 2010 are summarized as follows:

 
| ** **                                                                          | ** ** | **2012**  | ** ** | **2011**  | ** ** | **2010**  | ** ** |
|-------------------------------------------------------------------------------------|------------|-----------|------------|-----------|------------|-----------|------------|
| **First mortgages:**                                                                |       |      |       |      |       |      |       |
| Insured by Federal Housing Administration                                           |       | —    | %          | —    | %          | —    | %          |
| Partially guaranteed under Servicemen’s Readjustment   Act of 1944, as amended |       | —    |       | —    |       | —    |       |
| Other                                                                               |       | 4.612     | %          | 5.292     | %          | 5.797     | %          |
| **Combined average**                                                                | ** ** | **4.612** | **%**      | **5.292** | **%**      | **5.797** | **%**      |

 

(g)  Following is a reconciliation of the carrying amount of mortgage loans for the years ended December 31, 2012, 2011 and 2010.

 
| ** **                         | ** ** | **2012** | ** ** | **2011** | ** ** | **2010** | ** ** |
|------------------------------------|------------|----------|------------|----------|------------|----------|------------|
|                               |       |     |       |     |       |     |       |
| **Balance at beginning of period** |       | $        | 116,081    |     | $          | 107,065  |       | $ | 130,283 |   |
| New loans acquired:                |       |     |       |     |       |     |       |
| Nonaffiliated companies            |       | —   |       | —   |       | —   |       |
| Reserve for loss reversal          |       | —   |       | —   |       | —   |       |
| **Total additions**                |       | —   |       | —   |       | —   |       |
|                               |       | 116,081  |       | 107,065  |       | 130,283  |       |
| **Deductions during period:**      |       |     |       |     |       |     |       |
| Collections of principal           |       | 21,522   |       | 21,684   |       | 18,739   |       |
| Purchases and fundings             |       | (26,690  | )          | (30,700  | )          | —   |       |
| Transfers                          |       | —   |       | —   |       | 2,900    |       |
| Reserve for loss                   |       | —   |       | —   |       | 1,579    |       |
| **Total deductions**               |       | (5,168   | )          | (9,016   | )          | 23,218   |       |
| **Balance at end of period**       |       | $        | 121,249    |     | $          | 116,081  |       | $ | 107,065 |   |

 

(h)  The aggregate cost of mortgage loans for federal income tax purposes at December 31, 2012 was $123,825.

 

(i)  At December 31, 2012, an unallocated reserve for loss on first mortgage loans of $2,576 is recorded.

 

F-44

----

Table of Contents

 
| **Ameriprise Certificate Company** | ** ** | **SCHEDULE IV** |
|------------------------------------|------------|-----------------|

**Real Estate Owned and Rental Income**

 
| ** **                                | ** ** | **Year ended December 31, 2012** | ** ** |
|-------------------------------------------|------------|------------------------------------------------------|------------|
| ** **                                | ** ** | **(in thousands)**                              | ** ** |
| **Classification of property**  | ** ** | **Initial cost to   company**              | ** ** | **Cost of   improvements,   etc.** | ** ** | **Amount at which   carried at close of   period** | ** ** | **Rents due and   accrued at end   of period** | ** ** | **Total rental   income   applicable to   period** | ** ** | **Expended for   interest, taxes,   repairs and   expenses** | ** ** | **Net income   applicable to   period** | ** ** |
|                                      |       |                                                 |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Apartments   and business Plaza 6000 (CO) |       | $                                                    | 2,087      |   | 341 |   | 1,927 |   | — |   | 558 |   | 651 |   | $ | (93 | ) |
|                                      |       |                                                 |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                     |       | $                                                    | 2,087      |   | 341 |   | 1,927 |   | — |   | 558 |   | 651 |   | $ | (93 | ) |

 
| ** **                                                  | ** ** | **Year ended December 31, 2011** | ** ** |
|-------------------------------------------------------------|------------|------------------------------------------------------|------------|
| ** **                                                  | ** ** | **(in thousands)**                              | ** ** |
| **Classification of property**                    | ** ** | **Initial cost to   company**              | ** ** | **Cost of   improvements,   etc.** | ** ** | **Amount at which   carried at close of   period** | ** ** | **Rents due and   accrued at end   of period** | ** ** | **Total rental    income   applicable to   period** | ** ** | **Expended for   interest, taxes,   repairs and   expenses** | ** ** | **Net income   applicable to   period** | ** ** |
|                                                        |       |                                                 |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Apartments   and business Plaza 6000 (CO)                   |       | $                                                    | 2,087      |   | 162 |   | 1,749 |   | 26 |   | 549 |   | 619 |   | $ | (70 | ) |
|                                                        |       |                                                 |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                       |       | $                                                    | 2,087      |   | 162 |   | 1,749 |   | 26 |   | 549 |   | 619 |   | $ | (70 | ) |
|                                                        |       |                                                 |       |   |   |   |   |   |   |   |   |   |   |   |   |
| Rent   from properties sold during the period Dearborn (IL) |       |                                                 |       |   |   |   |   | $ | — |   | 329 |   | 725 |   | $ | (396 | ) |
| Total                                                       |       |                                                 |       |   |   |   |   | $ | — |   | 329 |   | 725 |   | $ | (396 | ) |

 

Reconciliation of real estate owned for the years ended December 31, 2012 and 2011:

 
| **Balance at January 1, 2011**   |   | $      | 5,117  |   |
|---------------------------------------|--------|--------|--------|--------|
|                                  |   |   |   |
| **Additions during period:**          |   |   |   |
| Improvements,   etc                   |   | 32     |   |
|                                  |   |   |   |
| **Deductions during period:**         |   |   |   |
| Cost of   real estate sold            |   | (2,900 | )      |
| Writedown                             |   | (500   | )      |
|                                  |   |   |   |
| **Balance at December 31, 2011** |   | 1,749  |   |
|                                  |   |   |   |
| **Additions during period:**          |   |   |   |
| Improvements,   etc                   |   | 178    |   |
|                                  |   |   |   |
| **Balance at December 31, 2012** |   | $      | 1,927  |   |

 

F-45

----

Table of Contents

 
| **Ameriprise Certificate Company** | **SCHEDULE V** |
|------------------------------------|----------------|

**Qualified Assets on Deposit**

**December 31, 2012**

 
| ** **                                                                                    | ** ** | **Investment Securities** | ** ** | ** ** | ** ** | ** **   | ** ** | ** ** | ** ** |
|-----------------------------------------------------------------------------------------------|------------|--------------------------------|------------|------------|------------|--------------|------------|------------|------------|
| ** **                                                                                    | ** ** | **Bonds and**             | ** ** | ** ** | ** ** | **Mortgage** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                                    | ** ** | **Notes**                      | ** ** | **Stocks** | ** ** | **Loans**    | ** ** | **Other**  | ** ** | ** ** | ** ** |
| **Name of Depositary**                                                              | ** ** | **(a)**                        | ** ** | **(b)**    | ** ** | **(c)**      | ** ** | **(d)**    | ** ** | **Total** | ** ** |
| 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                            |       | 54                             |       | —     |       | —       |       | —     |       | 54 |   |
|                                                                                          |       |                           |       |       |       |         |       |       |       |   |   |
| Pennsylvania - Treasurer of the State of Pennsylvania                                         |       | 161                            |       | —     |       | —       |       | —     |       | 161 |   |
|                                                                                          |       |                           |       |       |       |         |       |       |       |   |   |
| Texas - Treasurer of the State of Texas                                                       |       | 116                            |       | —     |       | —       |       | —     |       | 116 |   |
|                                                                                          |       |                           |       |       |       |         |       |       |       |   |   |
| **Total State Deposits**to meet   requirements of statues and agreements                      |       | $                              | 381        |       | $          | —       |       | $          | —     |   | $ | — |   | $ | 381 |   |
|                                                                                          |       |                           |       |       |       |         |       |       |       |   |   |
| **Total Central Depository -**Ameriprise   Trust Company                                      |       | 3,499,092                      |       | 4,094      |       | 121,249      |       | 29,564     |       | 3,653,999 |   |
|                                                                                          |       |                           |       |       |       |         |       |       |       |   |   |
| **Total Deposits**                                                                            |       | $                              | 3,499,473  |       | $          | 4,094        |       | $          | 121,249    |   | $ | 29,564 |   | $ | 3,654,380 |   |

 

----

Notes:

(a)  Represents amortized cost of bonds and notes.

(b)  Represents fair value of common stocks.

(c)  Represents unpaid principal balance of mortgage loans less unamortized discounts and reserve for losses.

(d)  Represents cost of warrants and syndicated loans.

 

F-46

----

Table of Contents

 
| AMERIPRISE   CERTIFICATE COMPANY | ** ** | **SCHEDULE VI** |
|----------------------------------|------------|-----------------|

Certificate Reserves

Part 1 - Summary of Changes

Year ended December 31, 2010

(Thousands)

 
| ** **                                                                                | ** ** | ** **                 | ** ** | **Balance at beginning of period** | ** ** | **Additions** | ** ** | **Deductions** | ** ** | **Balance at close of period** | ** ** |
|-------------------------------------------------------------------------------------------|------------|----------------------------|------------|--------------------------------------------------------|------------|---------------|------------|----------------|------------|----------------------------------------------------|------------|
| ** **                                                                                | ** ** | ** **                 | ** ** | **Number**                                             | ** ** | ** **    | ** ** | ** **     | ** ** | ** **                                         | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | **Number** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                                | ** ** | ** **                 | ** ** | **of**                                                 | ** ** | ** **    | ** ** | ** **     | ** ** | ** **                                         | ** ** | ** ** | ** ** | **Charged** | ** ** | ** ** | ** ** | ** ** | ** ** | **Credited** | ** ** | **of** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                                | ** ** | **Yield**                  | ** ** | **accounts**                                           | ** ** | **Amount**    | ** ** | ** **     | ** ** | **Charged**                                        | ** ** | **Reserve** | ** ** | **to other** | ** ** | ** ** | ** ** | **Cash** | ** ** | **to other** | ** ** | **accounts** | ** ** | **Amount** | ** ** | ** ** | ** ** |
| ** **                                                                                | ** ** | **to maturity**       | ** ** | **with**                                               | ** ** | **of**        | ** ** | **Amount**     | ** ** | **to profit**                                 | ** ** | **payments by** | ** ** | **accounts** | ** ** | ** ** | ** ** | **surrenders** | ** ** | **accounts** | ** ** | **with** | ** ** | **of** | ** ** | **Amount** | ** ** |
| ** **                                                                                | ** ** | **on an annual** | ** ** | **security**                                           | ** ** | **maturity**  | ** ** | **of**         | ** ** | **and loss**                                  | ** ** | **certificate** | ** ** | **(per** | ** ** | ** ** | ** ** | **prior to** | ** ** | **(per** | ** ** | **security** | ** ** | **maturity** | ** ** | **of** | ** ** |
| **Description**                                                                           | ** ** | **payment basis**     | ** ** | **holders**                                            | ** ** | **value**     | ** ** | **reserves**   | ** ** | **or income**                                 | ** ** | **holders** | ** ** | **part 2)** | ** ** | **Maturities** | ** ** | **maturity** | ** ** | **part 2)** | ** ** | **holders** | ** ** | **value** | ** ** | **reserves** | ** ** |
|                                                                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Installment certificates:                                                                 |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Reserves to mature:                                                                       |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Series 15, includes extended maturities                                              |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 22A,   ”    ”    ”                 |       | 3.09 Inst/3.10 Ext.        |       | 8                                                      |       | 437           |       | 431            |       | 3                                                  |       | — |   | 1 |   | (15 | ) | (44 | ) | (357 | ) | 1 |   | 19 |   | 19 |   |
| I-76,    ”    ”    ”          |       | 3.35                       |       | 40                                                     |       | 1,126         |       | 1,066          |       | 23                                                 |       | 13 |   | 1 |   | (354 | ) | (204 | ) | (86 | ) | 17 |   | 477 |   | 459 |   |
| Reserve Plus Flex Payment                                                                 |       |                       |       | 1                                                      |       | 6             |       | 3              |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 1 |   | 6 |   | 3 |   |
| IC-Q-Ins                                                                                  |       |                       |       | 31                                                     |       | 302           |       | 142            |       | —                                             |       | 9 |   | — |   | (8 | ) | (64 | ) | — |   | 15 |   | 142 |   | 79 |   |
| IC-Q-Ins Emp                                                                              |       |                       |       | 1                                                      |       | 6             |       | 1              |       | —                                             |       | — |   | — |   | (1 | ) | — |   | — |   | — |   | — |   | — |   |
| IC-I                                                                                      |       |                       |       | 33                                                     |       | 415           |       | 259            |       | —                                             |       | 9 |   | 1 |   | (22 | ) | (134 | ) | — |   | 15 |   | 216 |   | 113 |   |
| IC-I-Emp                                                                                  |       |                       |       | 6                                                      |       | 216           |       | 311            |       | —                                             |       | 1 |   | — |   | — |   | (273 | ) | — |   | 4 |   | 90 |   | 39 |   |
| Inst                                                                                      |       |                       |       | 5,922                                                  |       | —        |       | 36,267         |       | —                                             |       | 10,044 |   | 100 |   | (1,532 | ) | (13,063 | ) | — |   | 4,994 |   | — |   | 31,816 |   |
| Inst-E                                                                                    |       |                       |       | 37                                                     |       | —        |       | 141            |       | —                                             |       | 81 |   | — |   | — |   | (51 | ) | — |   | 30 |   | — |   | 171 |   |
| RP-Q-Installment                                                                          |       |                       |       | 6                                                      |       | 54            |       | 30             |       | —                                             |       | — |   | — |   | — |   | (18 | ) | — |   | 4 |   | 28 |   | 12 |   |
| RP-Q-Flexible Payment                                                                     |       |                       |       | 1                                                      |       | 12            |       | 11             |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 1 |   | 12 |   | 11 |   |
| RP-Q-Ins                                                                                  |       |                       |       | 3                                                      |       | 24            |       | 2              |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 2 |   | 12 |   | 2 |   |
| RP-I-EMP                                                                                  |       |                       |       | —                                                 |       | 1             |       | —         |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | — |   | — |   | — |   |
| Inst-R & RP I95                                                                  |       |                       |       | 303                                                    |       | 30,399        |       | 1,971          |       | —                                             |       | 767 |   | 6 |   | (4 | ) | (773 | ) | — |   | 290 |   | 52,414 |   | 1,967 |   |
| Inst-R-E                                                                                  |       |                       |       | 5                                                      |       | 648           |       | 15             |       | —                                             |       | 6 |   | — |   | — |   | (4 | ) | — |   | 5 |   | 648 |   | 17 |   |
| Total                                                                                     |       |                       |       | 6,397                                                  |       | 33,646        |       | 40,650         |       | 26                                                 |       | 10,930 |   | 109 |   | (1,936 | ) | (14,628 | ) | (443 | ) | 5,379 |   | 54,064 |   | 34,708 |   |
|                                                                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Payments made in advance of certificate year   requirements and accrued interest thereon: |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 22A,    ”    ”    ”           |       | 3                          |       | —                                                 |       | —        |       | 20             |       | —                                             |       | — |   | — |   | (2 | ) | (6 | ) | (10 | ) | — |   | — |   | 2 |   |
| I-76,    ”    ”    ”          |       | 3.5                        |       | —                                                 |       | —        |       | 104            |       | 3                                                  |       | 2 |   | — |   | (22 | ) | (7 | ) | (1 | ) | — |   | — |   | 79 |   |
|                                                                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                                     |       |                       |       | —                                                 |       | —        |       | 124            |       | 3                                                  |       | 2 |   | — |   | (24 | ) | (13 | ) | (11 | ) | — |   | — |   | 81 |   |
|                                                                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Additional credits and accrued interest thereon:                                          |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ” 20,    ”    ”    ”     |       | 2.5                        |       | —                                                 |       | —        |       | (1             | )          | 1                                                  |       | — |   | — |   | — |   | — |   | — |   | — |   | — |   | — |   |
| ” 22A,    ”    ”    ”    |       | 3                          |       | —                                                 |       | —        |       | 86             |       | 1                                                  |       | — |   | 2 |   | (2 | ) | (9 | ) | (74 | ) | — |   | — |   | 4 |   |
| ” I-76,    ”   ”     ”   |       | 3.5                        |       | —                                                 |       | —        |       | 214            |       | 4                                                  |       | — |   | 3 |   | (82 | ) | (40 | ) | (21 | ) | — |   | — |   | 78 |   |
| ” IC-I                                                                               |       |                       |       | —                                                 |       | —        |       | 1              |       | —                                             |       | — |   | — |   | — |   | — |   | (1 | ) | — |   | — |   | — |   |
| ” Inst                                                                               |       |                       |       | —                                                 |       | —        |       | 5              |       | 99                                                 |       | — |   | — |   | — |   | — |   | (100 | ) | — |   | — |   | 4 |   |
| ” RP-I                                                                               |       |                       |       | —                                                 |       | —        |       | 1              |       | —                                             |       | — |   | — |   | — |   | (1 | ) | — |   | — |   | — |   | — |   |
| ” Inst-R                                                                             |       |                       |       | —                                                 |       | —        |       | (1             | )          | 7                                                  |       | — |   | — |   | — |   | — |   | (6 | ) | — |   | — |   | — |   |
|                                                                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                                     |       |                       |       | —                                                 |       | —        |       | 305            |       | 112                                                |       | — |   | 5 |   | (84 | ) | (50 | ) | (202 | ) | — |   | — |   | 86 |   |
|                                                                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Res for accrued 3rd year 2113 - Installment Prod   only.                                  |       |                       |       | —                                                 |       | —        |       | 521            |       | 287                                                |       | (436 | ) | — |   | — |   | — |   | — |   | — |   | — |   | 372 |   |
| Acc int — default I-76 2003/2025                                                     |       | 3.5                        |       | —                                                 |       | —        |       | 1              |       | —                                             |       | — |   | — |   | — |   | — |   | (1 | ) | — |   | — |   | — |   |
| be allowed at next anni (2102)                                                            |       |                       |       | —                                                 |       | —        |       | —         |       | 7                                                  |       | — |   | — |   | — |   | — |   | (6 | ) | — |   | — |   | 1 |   |
|                                                                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                                     |       |                       |       | —                                                 |       | —        |       | 522            |       | 294                                                |       | (436 | ) | — |   | — |   | — |   | (7 | ) | — |   | — |   | 373 |   |
|                                                                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Total installment certificates**                                                        | ** ** | ** **                 | ** ** | **6,397**                                              | ** ** | **33,646**    | ** ** | **41,601**     | ** ** | **435**                                            | ** ** | **10,496** | ** ** | **114** | ** ** | **(2,044** | **)** | **(14,691** | **)** | **(663** | **)** | **5,379** | ** ** | **54,064** | ** ** | **35,248** | ** ** |

 

F-47

----

Table of Contents

 
| AMERIPRISE   CERTIFICATE COMPANY | ** ** | **SCHEDULE VI** |
|----------------------------------|------------|-----------------|

Certificate Reserves

Part 1 - Summary of Changes

Year ended December 31, 2010

(Thousands)

 
|                                                                            |       |                   |       | **Balance at beginning of period** |       | **Additions** |       | **Deductions** |       | **Balance at close of period** |       |
|---------------------------------------------------------------------------------|------------|------------------------|------------|--------------------------------------------------------|------------|---------------|------------|----------------|------------|----------------------------------------------------|------------|
|                                                                            |       | ** **             | ** ** | **Number**                                             | ** ** | ** **    | ** ** | ** **     | ** ** | ** **                                         | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | **Number** | ** ** | ** ** | ** ** | ** ** |   |
|                                                                            |       | ** **             | ** ** | **of**                                                 | ** ** | ** **    | ** ** | ** **     | ** ** | ** **                                         | ** ** | ** ** | ** ** | **Charged** | ** ** | ** ** | ** ** | ** ** | ** ** | **Credited** | ** ** | **of** | ** ** | ** ** | ** ** | ** ** |   |
|                                                                            |       | **Yield**              | ** ** | **accounts**                                           | ** ** | **Amount**    | ** ** | ** **     | ** ** | **Charged**                                        | ** ** | **Reserve** | ** ** | **to other** | ** ** | ** ** | ** ** | **Cash** | ** ** | **to other** | ** ** | **accounts** | ** ** | **Amount** | ** ** | ** ** |   |
|                                                                            |       | **to maturity**        | ** ** | **with**                                               | ** ** | **of**        | ** ** | **Amount**     | ** ** | **to profit**                                 | ** ** | **payments by** | ** ** | **accounts** | ** ** | ** ** | ** ** | **surrenders** | ** ** | **accounts** | ** ** | **with** | ** ** | **of** | ** ** | **Amount** |   |
|                                                                            |       | **on an   annual**     | ** ** | **security**                                           | ** ** | **maturity**  | ** ** | **of**         | ** ** | **and loss**                                  | ** ** | **certificate** | ** ** | **(per** | ** ** | ** ** | ** ** | **prior to** | ** ** | **(per** | ** ** | **security** | ** ** | **maturity** | ** ** | **of** |   |
| **Description**                                                                 | ** ** | **payment basis** | ** ** | **holders**                                            | ** ** | **value**     | ** ** | **reserves**   | ** ** | **or income**                                 | ** ** | **holders** | ** ** | **part 2)** | ** ** | **Maturities** | ** ** | **maturity** | ** ** | **part 2)** | ** ** | **holders** | ** ** | **value** | ** ** | **reserves** | ** ** |
| Fully paid certificates:                                                        |       |                   |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Single-Payment certificates:                                                    |       |                   |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| SP 82A - 111                                                                    |       | 3.5                    |       | 1                                                      |       | 2             |       | 2              |       | —                                             |       | — |   | — |   | — |   | (2 | ) | — |   | — |   | — |   | — |   |
| IC-2-84 - 115, 116,117,118,119                                                  |       | 3.5                    |       | 3                                                      |       | 12            |       | 12             |       | —                                             |       | — |   | — |   | (8 | ) | — |   | — |   | 2 |   | — |   | 4 |   |
| IC-2-85 -   120,121,122,123.124,125,126,127,128,129,130                         |       | 3.5                    |       | 2                                                      |       | 20            |       | 22             |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 2 |   | 10 |   | 22 |   |
| IC-2-86 - 131                                                                   |       | 3.5                    |       | 1                                                      |       | 2             |       | 3              |       | —                                             |       | — |   | — |   | — |   | (3 | ) | — |   | — |   | — |   | — |   |
| IC-2-87 - 132                                                                   |       | 3.5                    |       | 1                                                      |       | 4             |       | 5              |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 1 |   | 2 |   | 5 |   |
| IC-2-88 - 133                                                                   |       | 3.5                    |       | 15                                                     |       | 119           |       | 135            |       | —                                             |       | — |   | 5 |   | (105 | ) | (7 | ) | (28 | ) | — |   | — |   | — |   |
| Reserve Plus Single Payment - 150                                               |       |                   |       | 4                                                      |       | 17            |       | 19             |       | —                                             |       | — |   | — |   | (15 | ) | (3 | ) | — |   | 1 |   | — |   | 1 |   |
| IC-Flexible Savings (Variable Term) - 165                                       |       |                   |       | 119,152                                                |       | 1,826,625     |       | 1,956,863      |       | —                                             |       | 412,776 |   | 24,346 |   | (3,249 | ) | (966,959 | ) | — |   | 94,928 |   | 1,309,802 |   | 1,423,777 |   |
| IC-Flexible Savings Emp (VT) - 166                                              |       |                   |       | 175                                                    |       | 1,847         |       | 2,745          |       | —                                             |       | 14 |   | 38 |   | (311 | ) | (488 | ) | — |   | 128 |   | 1,376 |   | 1,998 |   |
| IC-Preferred Investors - 250                                                    |       |                   |       | 4                                                      |       | 4,385         |       | 4,398          |       | —                                             |       | 295 |   | 32 |   | — |   | (2,834 | ) | — |   | 3 |   | 1,877 |   | 1,891 |   |
| IC-1-84 - 170, 171,172,173,174                                                  |       |                   |       | 1                                                      |       | 1             |       | 4              |       | —                                             |       | — |   | — |   | — |   | (4 | ) | — |   | — |   | — |   | — |   |
| Cash Reserve Variable PMT-3mo. - 662                                            |       |                   |       | 17,372                                                 |       | 92,162        |       | 97,321         |       | —                                             |       | 35,283 |   | 176 |   | (1,516 | ) | (52,760 | ) | — |   | 14,236 |   | 74,485 |   | 78,504 |   |
| IC-Future Value - 155                                                           |       |                   |       | 2                                                      |       | 4             |       | 4              |       | —                                             |       | — |   | — |   | — |   | (1 | ) | — |   | 1 |   | 3 |   | 3 |   |
| IC-Stock Market - 180                                                           |       |                   |       | 43,547                                                 |       | 277,554       |       | 313,928        |       | —                                             |       | 65,345 |   | 11,868 |   | (5,372 | ) | (95,396 | ) | — |   | 37,696 |   | 255,521 |   | 290,373 |   |
| IC-MSC - 181                                                                    |       |                   |       | 19,060                                                 |       | 296,916       |       | 324,985        |       | —                                             |       | 35,964 |   | 10,588 |   | — |   | (68,784 | ) | — |   | 17,238 |   | 272,617 |   | 302,753 |   |
|                                                                            |       |                   |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                           |       |                   |       | 199,340                                                |       | 2,499,669     |       | 2,700,446      |       | —                                             |       | 549,677 |   | 47,053 |   | (10,576 | ) | (1,187,241 | ) | (28 | ) | 164,236 |   | 1,915,693 |   | 2,099,331 |   |
|                                                                            |       |                   |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Additional credits and accrued interest thereon:                                |       |                   |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| SP 74 (2030/1 4022)                                                             |       | 3.5                    |       | —                                                 |       | —        |       | (1             | )          | 1                                                  |       | — |   | — |   | — |   | — |   | — |   | — |   | — |   | — |   |
| SP 82A                                                                          |       | 3.5                    |       | —                                                 |       | —        |       | 2              |       | —                                             |       | — |   | — |   | — |   | (2 | ) | — |   | — |   | — |   | — |   |
| IC-2-84                                                                         |       | 3.5                    |       | —                                                 |       | —        |       | 7              |       | —                                             |       | — |   | — |   | (5 | ) | — |   | — |   | — |   | — |   | 2 |   |
| IC-2-88                                                                         |       | 3.5                    |       | —                                                 |       | —        |       | 4              |       | 1                                                  |       | — |   | — |   | — |   | — |   | (5 | ) | — |   | — |   | — |   |
| IC-Flexible Savings                                                             |       |                   |       | —                                                 |       | —        |       | 1,588          |       | 24,954                                             |       | — |   | — |   | — |   | (1,461 | ) | (24,360 | ) | — |   | — |   | 721 |   |
| IC-Preferred Investors                                                          |       |                   |       | —                                                 |       | —        |       | 2              |       | 42                                                 |       | — |   | — |   | — |   | (11 | ) | (32 | ) | — |   | — |   | 1 |   |
| IC-FS-EMP                                                                       |       |                   |       | —                                                 |       | —        |       | 1              |       | 47                                                 |       | — |   | — |   | — |   | (9 | ) | (38 | ) | — |   | — |   | 1 |   |
| Cash Reserve Variable Payment-3mo.                                              |       |                   |       | —                                                 |       | —        |       | 206            |       | 394                                                |       | (319 | ) | — |   | — |   | (2 | ) | (176 | ) | — |   | — |   | 103 |   |
| IC-Future Value                                                                 |       |                   |       | —                                                 |       | —        |       | 8              |       | (1                                                 | )          | — |   | — |   | — |   | (1 | ) | — |   | — |   | — |   | 6 |   |
| IC-Stk Mkt, 2004/16/31-4000/16                                                  |       |                   |       | —                                                 |       | —        |       | 216            |       | 148                                                |       | — |   | — |   | — |   | (8 | ) | (282 | ) | — |   | — |   | 74 |   |
| IC-MSC                                                                          |       |                   |       | —                                                 |       | —        |       | 69             |       | 88                                                 |       | — |   | — |   | — |   | (3 | ) | (134 | ) | — |   | — |   | 20 |   |
|                                                                            |       |                   |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                           |       |                   |       | —                                                 |       | —        |       | 2,102          |       | 25,674                                             |       | (319 | ) | — |   | (5 | ) | (1,497 | ) | (25,027 | ) | — |   | — |   | 928 |   |
|                                                                            |       |                   |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Accrued for additional credits to be allowed at   next anniversaries:           |       |                   |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| SP 75                                                                           |       |                   |       | —                                                 |       | —        |       | (1             | )          | —                                             |       | — |   | — |   | — |   | — |   | — |   | — |   | — |   | (1 | ) |
| IC-2-84 - 2019-4061                                                             |       |                   |       | —                                                 |       | —        |       | 1              |       | —                                             |       | — |   | — |   | (1 | ) | — |   | — |   | — |   | — |   | — |   |
| IC-EISC                                                                         |       |                   |       | —                                                 |       | —        |       | 10,864         |       | 7,317                                              |       | — |   | — |   | — |   | (149 | ) | (11,596 | ) | — |   | — |   | 6,436 |   |
| IC-AEBI Stock Market                                                            |       |                   |       | —                                                 |       | —        |       | 9,999          |       | 6,725                                              |       | — |   | — |   | — |   | (359 | ) | (10,461 | ) | — |   | — |   | 5,904 |   |
|                                                                            |       |                   |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                           |       |                   |       | —                                                 |       | —        |       | 20,863         |       | 14,042                                             |       | — |   | — |   | (1 | ) | (508 | ) | (22,057 | ) | — |   | — |   | 12,339 |   |
|                                                                            |       |                   |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Total   Single Payment - Non Qualified**                                      |       |                   | ** ** | **199,340**                                            | ** ** | **2,499,669** | ** ** | **2,723,411**  | ** ** | **39,716**                                         | ** ** | **549,358** | ** ** | **47,053** | ** ** | **(10,582** | **)** | **(1,189,246** | **)** | **(47,112** | **)** | **164,236** | ** ** | **1,915,693** | ** ** | **2,112,598** | ** ** |
|                                                                            |       |                   |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| R Series Single-Payment certificates:                                      |       |                   |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| R-77 - 910                                                                      |       | 3.5                    |       | 8                                                      |       | 28            |       | 35             |       | —                                             |       | — |   | 2 |   | — |   | (8 | ) | — |   | 6 |   | 22 |   | 29 |   |
| R-78 - 911                                                                      |       | 3.5                    |       | 16                                                     |       | 101           |       | 119            |       | —                                             |       | — |   | 6 |   | — |   | (19 | ) | — |   | 14 |   | 86 |   | 106 |   |
| R-79 - 912                                                                      |       | 3.5                    |       | 23                                                     |       | 143           |       | 163            |       | —                                             |       | — |   | 12 |   | — |   | (78 | ) | — |   | 14 |   | 83 |   | 97 |   |
| R-80 - 913                                                                      |       | 3.5                    |       | 16                                                     |       | 20            |       | 105            |       | —                                             |       | — |   | 4 |   | — |   | (6 | ) | — |   | 13 |   | 95 |   | 103 |   |
| R-81 - 914                                                                      |       | 3.5                    |       | 7                                                      |       | 45            |       | 42             |       | —                                             |       | — |   | 2 |   | — |   | (1 | ) | — |   | 7 |   | 44 |   | 43 |   |
| R-82A - 915                                                                     |       | 3.5                    |       | 26                                                     |       | 135           |       | 115            |       | —                                             |       | — |   | 7 |   | — |   | (47 | ) | — |   | 20 |   | 87 |   | 75 |   |
| RP-Q - 916                                                                      |       |                   |       | 82                                                     |       | 123           |       | 355            |       | —                                             |       | — |   | 1 |   | — |   | (48 | ) | — |   | 73 |   | 106 |   | 308 |   |
| R-II - 920                                                                      |       | 3.5                    |       | 29                                                     |       | 207           |       | 134            |       | —                                             |       | — |   | 6 |   | — |   | (22 | ) | — |   | 26 |   | 174 |   | 118 |   |
| RP-2-84 - 921,922,923,924,925                                                   |       | 3.5                    |       | 1                                                      |       | 4             |       | 3              |       | —                                             |       | — |   | — |   | — |   | (3 | ) | — |   | — |   | — |   | — |   |
| RP-Flexible Savings - 971                                                       |       |                   |       | 50,023                                                 |       | 997,000       |       | 1,052,961      |       | —                                             |       | 244,523 |   | 13,634 |   | (416 | ) | (551,905 | ) | — |   | 38,769 |   | 710,726 |   | 758,797 |   |
| RP-Preferred Investors - 950                                                    |       |                   |       | —                                                 |       | —        |       | (2             | )          | 2                                                  |       | — |   | — |   | — |   | — |   | — |   | — |   | — |   | — |   |
| Cash Reserve RP-3 mo. - 972                                                     |       |                   |       | 2,509                                                  |       | 14,471        |       | 15,424         |       | 10                                                 |       | 2,250 |   | 33 |   | (197 | ) | (5,448 | ) | — |   | 2,068 |   | 11,273 |   | 12,072 |   |
| RP-Flexible Savings Emp - 973                                                   |       |                   |       | 74                                                     |       | 744           |       | 1,030          |       | —                                             |       | 16 |   | 17 |   | (7 | ) | (326 | ) | — |   | 53 |   | 531 |   | 730 |   |
| RP-Stock Market - 960                                                           |       |                   |       | 10,161                                                 |       | 112,835       |       | 121,499        |       | —                                             |       | 28,497 |   | 4,671 |   | (559 | ) | (45,557 | ) | — |   | 9,231 |   | 99,682 |   | 108,551 |   |
| Market Strategy Cert - 961 (section 1-6 from   Report 2785-81-RP-STOCK-VB 2001) |       | 0                      |       | 3,642                                                  |       | 91,607        |       | 97,936         |       | —                                             |       | 12,159 |   | 3,228 |   | (1 | ) | (20,740 | ) | — |   | 3,452 |   | 85,733 |   | 92,582 |   |
| D-1 - sum of SERIES D on Summary page - 400 +   990-993                    |       |                   |       | 47                                                     |       | 3,341         |       | 4,238          |       | —                                             |       | 125 |   | 39 |   | (16 | ) | (792 | ) | — |   | 36 |   | 2,844 |   | 3,594 |   |
|                                                                            |       |                   |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                           |       |                   |       | 66,664                                                 |       | 1,220,806     |       | 1,294,157      |       | 12                                                 |       | 287,570 |   | 21,662 |   | (1,196 | ) | (625,000 | ) | — |   | 53,782 |   | 911,486 |   | 977,205 |   |

 

F-48

----

Table of Contents

 
|                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | **SCHEDULE VI** |
|-------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-----------------|
|                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |   |   |   |
| AMERIPRISE CERTIFICATE   COMPANY    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |   |   |   |
| Certificate Reserves                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |
| Part 1 - Summary of   Changes  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |   |   |   |
| Year ended December 31,   2010 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |   |   |   |
| (Thousands)                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |   |   |   |

 
| ** **                                                                       | ** ** | ** **                 | ** ** | **Balance at beginning of period** | ** ** | **Additions** | ** ** | **Deductions** | ** ** | **Balance at close of period** | ** ** |
|----------------------------------------------------------------------------------|------------|----------------------------|------------|--------------------------------------------------------|------------|---------------|------------|----------------|------------|----------------------------------------------------|------------|
| ** **                                                                       | ** ** | ** **                 | ** ** | **Number**                                             | ** ** | ** **    | ** ** | ** **     | ** ** | ** **                                         | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | **Number** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                       | ** ** | ** **                 | ** ** | **of**                                                 | ** ** | ** **    | ** ** | ** **     | ** ** | ** **                                         | ** ** | ** ** | ** ** | **Charged** | ** ** | ** ** | ** ** | ** ** | ** ** | **Credited** | ** ** | **of** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                       | ** ** | **Yield**                  | ** ** | **accounts**                                           | ** ** | **Amount**    | ** ** | ** **     | ** ** | **Charged**                                        | ** ** | **Reserve** | ** ** | **to other** | ** ** | ** ** | ** ** | **Cash** | ** ** | **to other** | ** ** | **accounts** | ** ** | **Amount** | ** ** | ** ** | ** ** |
| ** **                                                                       | ** ** | **to maturity**       | ** ** | **with**                                               | ** ** | **of**        | ** ** | **Amount**     | ** ** | **to profit**                                 | ** ** | **payments by** | ** ** | **accounts** | ** ** | ** ** | ** ** | **surrenders** | ** ** | **accounts** | ** ** | **with** | ** ** | **of** | ** ** | **Amount** | ** ** |
| ** **                                                                       | ** ** | **on an annual** | ** ** | **security**                                           | ** ** | **maturity**  | ** ** | **of**         | ** ** | **and loss**                                  | ** ** | **certificate** | ** ** | **(per** | ** ** | ** ** | ** ** | **prior to** | ** ** | **(per** | ** ** | **security** | ** ** | **maturity** | ** ** | **of** | ** ** |
| **Description**                                                                  | ** ** | **payment basis**     | ** ** | **holders**                                            | ** ** | **value**     | ** ** | **reserves**   | ** ** | **or income**                                 | ** ** | **holders** | ** ** | **part 2)** | ** ** | **Maturities** | ** ** | **maturity** | ** ** | **part 2)** | ** ** | **holders** | ** ** | **value** | ** ** | **reserves** | ** ** |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Additional Interest on R-Series Single                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Payment Reserves:                                                                |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| R-77                                                                             |       | 3.5                        |       | —                                                 |       | —        |       | 1              |       | 2                                                  |       | — |   | — |   | — |   | — |   | (2 | ) | — |   | — |   | 1 |   |
| R-78                                                                             |       | 3.5                        |       | —                                                 |       | —        |       | 3              |       | 6                                                  |       | — |   | — |   | — |   | — |   | (6 | ) | — |   | — |   | 3 |   |
| R-79                                                                             |       | 3.5                        |       | —                                                 |       | —        |       | 4              |       | 12                                                 |       | — |   | — |   | — |   | (1 | ) | (12 | ) | — |   | — |   | 3 |   |
| R-80                                                                             |       | 3.5                        |       | —                                                 |       | —        |       | 3              |       | 4                                                  |       | — |   | — |   | — |   | — |   | (4 | ) | — |   | — |   | 3 |   |
| R-81                                                                             |       | 3.5                        |       | —                                                 |       | —        |       | 2              |       | 2                                                  |       | — |   | — |   | — |   | (1 | ) | (2 | ) | — |   | — |   | 1 |   |
| R-82A                                                                            |       | 3.5                        |       | —                                                 |       | —        |       | 3              |       | 6                                                  |       | — |   | — |   | — |   | — |   | (7 | ) | — |   | — |   | 2 |   |
| RP-Q                                                                             |       |                       |       | —                                                 |       | —        |       | —         |       | 1                                                  |       | — |   | — |   | — |   | — |   | (1 | ) | — |   | — |   | — |   |
| R-II                                                                             |       | 3.5                        |       | —                                                 |       | —        |       | 3              |       | 6                                                  |       | — |   | — |   | — |   |   |   | (6 | ) | — |   | — |   | 3 |   |
| RP-2-88                                                                          |       | 3.5                        |       | —                                                 |       | —        |       | 1              |       | —                                             |       | — |   | — |   | — |   | (1 | ) | — |   | — |   | — |   | — |   |
| RP-Flexible Savings                                                              |       |                       |       | —                                                 |       | —        |       | 854            |       | 13,598                                             |       | — |   | — |   | — |   | (439 | ) | (13,634 | ) | — |   | — |   | 379 |   |
| Cash Reserve RP-3 mo. Plus                                                       |       |                       |       | —                                                 |       | —        |       | 32             |       | 76                                                 |       | (61 | ) | — |   | — |   | — |   | (33 | ) | — |   | — |   | 14 |   |
| RP-Flexible Savings Emp                                                          |       |                       |       | —                                                 |       | —        |       | 1              |       | 16                                                 |       | — |   | — |   | — |   | — |   | (17 | ) | — |   | — |   | — |   |
| RP-Stock Market                                                                  |       |                       |       | —                                                 |       | —        |       | 69             |       | 47                                                 |       | — |   | — |   | — |   | (3 | ) | (89 | ) | — |   | — |   | 24 |   |
| Market Strategy Cert (2785-81 RP-STOCK VB   2004/4000 & 2016/2031/4016) |       |                       |       | —                                                 |       | —        |       | 34             |       | 35                                                 |       | — |   | — |   | — |   | — |   | (58 | ) | — |   | — |   | 11 |   |
| D-1 - 400                                                                        |       |                       |       | 17                                                     |       | 51            |       | (1             | )          | 49                                                 |       | — |   | — |   | — |   | (9 | ) | (39 | ) | 14 |   | 49 |   | — |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                            |       |                       |       | 17                                                     |       | 51            |       | 1,009          |       | 13,860                                             |       | (61 | ) | — |   | — |   | (454 | ) | (13,910 | ) | 14 |   | 49 |   | 444 |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Accrued for additional credits to be allowed at   next anniversaries:            |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| RP-Stock Market                                                                  |       |                       |       | —                                                 |       | —        |       | 4,251          |       | 2,780                                              |       | — |   | — |   | — |   | (32 | ) | (4,582 | ) | — |   | — |   | 2,417 |   |
| Market Strategy Cert (C2785-81 2019/2102/4061)                                   |       |                       |       | —                                                 |       | —        |       | 3,001          |       | 2,058                                              |       | — |   | — |   | — |   | (85 | ) | (3,170 | ) | — |   | — |   | 1,804 |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                            |       |                       |       | —                                                 |       | —        |       | 7,252          |       | 4,838                                              |       | — |   | — |   | — |   | (117 | ) | (7,752 | ) | — |   | — |   | 4,221 |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Total Single Payment - Qualified**                                             | ** ** | ** **                 | ** ** | **66,681**                                             | ** ** | **1,220,857** | ** ** | **1,302,418**  | ** ** | **18,710**                                         | ** ** | **287,509** | ** ** | **21,662** | ** ** | **(1,196** | **)** | **(625,571** | **)** | **(21,662** | **)** | **53,796** | ** ** | **911,535** | ** ** | **981,870** | ** ** |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Paid-up certificates:                                                            |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| “   15A and 22A                                              |       | 3.5                        |       | —                                                 |       | —        |       | 35             |       | 1                                                  |       | — |   | — |   | — |   | (12 | ) | (7 | ) | — |   | — |   | 17 |   |
| “   I-76 - 640                                               |       | 3.5                        |       | —                                                 |       | —        |       | 816            |       | 20                                                 |       | — |   | 92 |   | (396 | ) | (132 | ) | — |   | — |   | — |   | 400 |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                            |       |                       |       | —                                                 |       | —        |       | 851            |       | 21                                                 |       | — |   | 92 |   | (396 | ) | (144 | ) | (7 | ) | — |   | — |   | 417 |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Additional credits and accrued interest thereon:                                 |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| “   15A and 22A                                              |       | 3                          |       | 8                                                      |       | 35            |       | —         |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 3 |   | 17 |   | — |   |
| “   I-76                                                     |       | 3.5                        |       | 159                                                    |       | 858           |       | 67             |       | 2                                                  |       | — |   | — |   | (27 | ) | (6 | ) | — |   | 89 |   | 418 |   | 36 |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                            |       |                       |       | 167                                                    |       | 893           |       | 67             |       | 2                                                  |       | — |   | — |   | (27 | ) | (6 | ) | — |   | 92 |   | 435 |   | 36 |   |
| Total paid-up                                                                    |       |                       | ** ** | **167**                                                | ** ** | **893**       | ** ** | **918**        | ** ** | **23**                                             | ** ** | **—** | ** ** | **92** | ** ** | **(423** | **)** | **(150** | **)** | **(7** | **)** | **92** | ** ** | **435** | ** ** | **453** | ** ** |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Optional settlement certificates:                                                |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other series and conversions from Single Payment   certificates                  |       | 2.5-3-3-3.5                |       | —                                                 |       | —        |       | 45,263         |       | 1,317                                              |       | — |   | 604 |   | (2,936 | ) | (10,460 | ) | — |   | — |   | — |   | 33,788 |   |
| Series R-II & RP-2-84 thru 88 - Prod   921                         |       | 3.5                        |       | —                                                 |       | —        |       | 58             |       | 2                                                  |       | — |   | 1 |   | — |   | (18 | ) | — |   | — |   | — |   | 43 |   |
| Reserve Plus Single-Payment (Prod 150)                                           |       |                       |       | —                                                 |       | —        |       | 74             |       | —                                             |       | — |   | — |   | — |   | (6 | ) | — |   | — |   | — |   | 68 |   |
| Reserve Plus Flex-Pay & IC-Q-Inst (Prod   650, 651, 652)                |       |                       |       | —                                                 |       | —        |       | 13             |       | —                                             |       | — |   | — |   | — |   | (2 | ) | — |   | — |   | — |   | 11 |   |
| Series R-Installment (Prod 980, 981,982)                                    |       |                       |       | —                                                 |       | —        |       | 24             |       | —                                             |       | — |   | — |   | (2 | ) | — |   | — |   | — |   | — |   | 22 |   |
| Add’l credits and accrued int. thereon                                      |       | 2.5 - 3                    |       | —                                                 |       | —        |       | 3,483          |       | 94                                                 |       | — |   | 4 |   | (272 | ) | (781 | ) | (112 | ) | — |   | — |   | 2,416 |   |
| Accrued for additional credits to be allowed at   next anniversaries             |       |                       |       | —                                                 |       | —        |       | 3              |       | 3                                                  |       | — |   | — |   | — |   | — |   | (4 | ) | — |   | — |   | 2 |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total optional settlement                                                        |       |                       |       | —                                                 |       | —        |       | 48,918         |       | 1,416                                              |       | — |   | 609 |   | (3,210 | ) | (11,267 | ) | (116 | ) | — |   | — |   | 36,350 |   |
| Due to unlocated cert holders                                                    |       |                       |       | —                                                 |       | —        |       | 131            |       | —                                             |       | — |   | 32 |   | — |   | (2 | ) | (13 | ) | — |   | — |   | 148 |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total certificate reserves                                                       |       |                       | ** ** | **272,585**                                            | ** ** | **3,755,065** | ** ** | **4,117,397**  | ** ** | **60,300**                                         | ** ** | **847,363** | ** ** | **69,562** | ** ** | **(17,455** | **)** | **(1,840,927** | **)** | **(69,573** | **)** | **223,503** | ** ** | **2,881,727** | ** ** | **3,166,667** | ** ** |

 

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Table of Contents

 

**Ameriprise Certificate Company**

**Certificate Reserves**

**(In thousands)**

**December 31, 2010**

 
| Part 2 - Descriptions of Additions to   Reserves Charged to Other                                                                                                              |       |       |       |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|------------|------------|
|                                                                                                                                                                                |       |       |       |
| Accounts and Deductions from Reserves Credited to   Other Accounts                                                                                                                  |       |       |       |
|                                                                                                                                                                                |       |       |       |
| Additional credits on installment certificates and   accrued interest thereon:                                                                                                      |       |       |       |
| Other additions represent:                                                                                                                                                          |       |       |       |
| Transfers from accruals for additional credits to   be allowed at next anniversaries                                                                                                |       | $          | 6          |   |
| Reconversions of paid-up certificates-charged to   paid-up reserves                                                                                                                 |       | 2          |       |
| Transfers from maturities to extended maturities,   additional credits/interest and advance payments                                                                                |       | 107        |       |
| ** **                                                                                                                                                                          |       | $          | 115        |   |
|                                                                                                                                                                                |       |       |       |
| Other deductions represent:                                                                                                                                                         |       |       |       |
| Transfers to reserves on a quarterly basis for   Reserve Plus Flexible- Payment, IC-Q-Installment and R-Flexible-Payment                                                       |       | $          | 107        |   |
| Conversions to optional settlement   certificates-credited to optional settlement reserves                                                                                          |       | 447        |       |
| Conversions to paid-up certificates-credited to   paid-up reserves                                                                                                                  |       | 100        |       |
| ** **                                                                                                                                                                          |       | $          | 654        |   |
| Accrual for additional credits to be allowed on   installment certificates at next anniversaries:                                                                                   | ** ** | ** ** | ** ** |
| Other deductions represent:                                                                                                                                                         |       |       |       |
| Transfers to reserves for additional credits on   installment certificates                                                                                                          |       | $          | 4          |   |
|                                                                                                                                                                                |       |       |       |
| Other deductions represent:                                                                                                                                                         |       |       |       |
| Amounts credited to installment certificate   reserves to mature, on reconversions of paid-up certificates.                                                                         |       | $          | 2          |   |
|                                                                                                                                                                                |       |       |       |
| Paid-up certificates:                                                                                                                                                               |       |       |       |
| Other additions represent:                                                                                                                                                          |       |       |       |
| Conversions from installment certificates (charged   to installment reserves less surrender charges)                                                                                |       | $          | 92         |   |
|                                                                                                                                                                                |       |       |       |
| Other deductions represent:                                                                                                                                                         |       |       |       |
| Transfers for accrual for additional credits and   accrued interest thereon                                                                                                         |       | $          | 7          |   |
| Transfers to advance payments as late payments are   credited to certificates                                                                                                       |       | 1          |       |
| ** **                                                                                                                                                                          |       | $          | 8          |   |
|                                                                                                                                                                                |       |       |       |
| Optional settlement certificates:                                                                                                                                                   |       |       |       |
| Other additions represent:                                                                                                                                                          |       |       |       |
| Transfers from installment certificate reserves   (less surrender charges), single-payment and Series D certificate   reserves upon election of optional settlement privileges |       | $          | 597 7      |   |
| Transfers from paid-up certificate reserves                                                                                                                                         |       | 4          |       |
| Transfers from accruals for additional credits to   be allowed at next anniversaries                                                                                                |       | $          | 608        |   |
|                                                                                                                                                                                |       |       |       |
| Other deductions represent:                                                                                                                                                         |       | $          | 4          |   |
| Transfers to reserve for additional credits and   accrued interest thereon                                                                                                          |       | 113        |       |
| Transfers to optional settlement reserves                                                                                                                                           |       | $          | 117        |   |

 

F-50

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Table of Contents

 

**Ameriprise Certificate Company**

**Certificate Reserves**

**(In thousands)**

**December 31, 2010**

 
| Part 2 - Descriptions of Additions to   Reserves Charged to Other               |   |   |   |
|--------------------------------------------------------------------------------------|--------|--------|--------|
|                                                                                 |   |   |   |
| Accounts and Deductions from Reserves Credited to   Other Accounts                   |   |   |   |
|                                                                                 |   |   |   |
| Single-Payment certificates:                                                         |   |   |   |
| Other additions represent:                                                           |   |   |   |
| Flexible Savings                                                                     |   | $      | 24,346 |   |
| Flexible Savings-Emp                                                                 |   | 38     |   |
| Preferred Investors                                                                  |   | 32     |   |
| Cash Reserve                                                                         |   | 176    |   |
| Future Value                                                                         |   | 11,868 |   |
| Stock Market                                                                         |   | 10,588 |   |
| Equity Index Stock Certificate                                                       |   | 1      |   |
| Cash Reserve-RP                                                                      |   | 33     |   |
| Cash Reserve-RP-3mo                                                                  |   | 13,634 |   |
| Flexible Saving-RP                                                                   |   | 17     |   |
| Preferred Investors-RP                                                               |   | 4,671  |   |
| Stock Market-RP                                                                      |   | 3,228  |   |
| Transfers from accruals at anniversaries   maintained in a separate reserve account. |   | 83     |   |
| ** **                                                                           |   | $      | 68,715 |   |
|                                                                                 |   |   |   |
| Other deductions represent:                                                          |   |   |   |
| Transfers to optional settlement reserves:                                           |   |   |   |
| Single-Payment                                                                       |   | $      | 25,445 |   |
| Transfers to reserves for additional credits and   accrued interest thereon          |   | (83    | )      |
| Transfers to reserves on a quarterly basis:                                          |   |   |   |
| Flexible Savings                                                                     |   | 24,376 |   |
| Flexible Savings-Emp                                                                 |   | 38     |   |
| Preferred Investors                                                                  |   | 32     |   |
| Investors                                                                            |   | 32     |   |
| Cash Reserve-3mo                                                                     |   | 177    |   |
| Stock Market                                                                         |   | 10     |   |
| Market Strategy Cert                                                                 |   | 283    |   |
| AEBI Stock Market                                                                    |   | 134    |   |
| RP-Q                                                                                 |   | 1      |   |
| Cash Reserve-RP-3mo                                                                  |   | 33     |   |
| Flexible Saving-RP                                                                   |   | 13,634 |   |
| Flexible Savings-RP-Emp                                                              |   | 17     |   |
| Stock Market-RP                                                                      |   | 4,671  |   |
| Transfers to Federal tax withholding                                                 |   | (25    | )      |
| ** **                                                                           |   | $      | 68,775 |   |
|                                                                                 |   |   |   |
| Due to unlocated certificate holders:                                                |   |   |   |
| Other additions represent:                                                           |   |   |   |
| Amounts equivalent to payments due certificate   holders who could not be located    |   | $      | 32     |   |
|                                                                                 |   |   |   |
| Other deductions represent:                                                          |   |   |   |
| Payments to certificate holders credited to cash                                     |   | $      | 13     |   |

 

F-51

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Table of Contents

** **

**CERTIFICATE RESERVES SCHEDULE VI**

** **

**AMERIPRISE CERTIFICATE COMPANY, INC.**

**PART 3**

**December 31, 2010**

 

**PART 3 - INFORMATION REGARDING INSTALLMENT CERTIFICATES**

 
| ** **              | ** ** | ** **                                                          | ** ** | ** **                                  | ** ** | ** **                       | ** ** | **DEDUCTION FROM   RESERVES CASH   SURRENDERS PRIOR** | ** ** | ** ** | ** ** |
|-------------------------|------------|---------------------------------------------------------------------|------------|---------------------------------------------|------------|----------------------------------|------------|----------------------------------------------------------------------|------------|------------|------------|
| ** **              | ** ** | **NUMBER OF ACCOUNTS W/   CERTIFICATE HOLDERS** | ** ** | **AMOUNT OF MATURITY VALUE** | ** ** | **AMOUNT OF RESERVES** | ** ** | **TO MATURITY   SURRENDER**                                     | ** ** | **OTHER**  | ** ** |
| **MO’s PAID** | ** ** | **2009**                                                            | ** ** | **2010**                                    | ** ** | **2009**                         | ** ** | **2010**                                                             | ** ** | **2009**   | ** ** | **2010** | ** ** | **2010** | ** ** | **2010** | ** ** |
|                    |       |                                                                |       |                                        |       |                             |       |                                                                 |       |       |       |   |   |   |   |   |   |
| 1-12                    |       | 934                                                                 |       | 381                                         |       | $                                | 13,915     |                                                                 | $          | 29,734     |       | $ | 2,321 |   | $ | 1,080 |   | $ | 248 |   | $ | — |   |
| 13-24                   |       | 681                                                                 |       | 782                                         |       | 3,455                            |       | 9,278                                                                |       | 2,116      |       | 3,267 |   | 460 |   | — |   |
| 25-36                   |       | 467                                                                 |       | 594                                         |       | 727                              |       | 3,158                                                                |       | 2,030      |       | 2,810 |   | 193 |   | — |   |
| 37-48                   |       | 504                                                                 |       | 423                                         |       | 489                              |       | 704                                                                  |       | 3,257      |       | 2,384 |   | 148 |   | — |   |
| 49-60                   |       | 752                                                                 |       | 434                                         |       | 2,861                            |       | 489                                                                  |       | 5,693      |       | 3,390 |   | 262 |   | — |   |
| 61-72                   |       | 1,001                                                               |       | 658                                         |       | 1,155                            |       | 1,740                                                                |       | 7,901      |       | 5,451 |   | 533 |   | — |   |
| 73-84                   |       | 799                                                                 |       | 752                                         |       | 7,954                            |       | 561                                                                  |       | 6,655      |       | 5,526 |   | 2,538 |   | — |   |
| 85-96                   |       | 539                                                                 |       | 625                                         |       | 566                              |       | 7,416                                                                |       | 4,211      |       | 5,104 |   | 1,509 |   | — |   |
| 97-108                  |       | 317                                                                 |       | 417                                         |       | —                           |       | 56                                                                   |       | 2,385      |       | 3,127 |   | 927 |   | — |   |
| 109-120                 |       | 274                                                                 |       | 257                                         |       | —                           |       | —                                                               |       | 1,832      |       | 1,873 |   | 385 |   | — |   |
| 121-132                 |       | 2                                                                   |       | 0                                           |       | —                           |       | —                                                               |       | 8          |       | — |   | 367 |   | — |   |
| 133-144                 |       | 2                                                                   |       | 1                                           |       | —                           |       | —                                                               |       | 22         |       | 1 |   | 7 |   | — |   |
| 145-156                 |       | 4                                                                   |       | 0                                           |       | 30                               |       | —                                                               |       | 25         |       | — |   | 15 |   | — |   |
| 157-168                 |       | 4                                                                   |       | 1                                           |       | 108                              |       | —                                                               |       | 42         |       | 1 |   | 23 |   | — |   |
| 169-180                 |       | 7                                                                   |       | 3                                           |       | 101                              |       | 102                                                                  |       | 71         |       | 33 |   | 10 |   | — |   |
| 181-192                 |       | 10                                                                  |       | 4                                           |       | 126                              |       | 52                                                                   |       | 58         |       | 36 |   | 22 |   | — |   |
| 193-204                 |       | 6                                                                   |       | 4                                           |       | 60                               |       | 66                                                                   |       | 57         |       | 34 |   | 14 |   | — |   |
| 205-216                 |       | 8                                                                   |       | 1                                           |       | 180                              |       | 6                                                                    |       | 301        |       | 1 |   | 42 |   | — |   |
| 217-228                 |       | 10                                                                  |       | 6                                           |       | 104                              |       | 54                                                                   |       | 46         |       | 28 |   | 275 |   | — |   |
| 229-240                 |       | 10                                                                  |       | 7                                           |       | 66                               |       | 76                                                                   |       | 38         |       | 33 |   | 16 |   | — |   |
| 241-252                 |       | 5                                                                   |       | 2                                           |       | 78                               |       | 12                                                                   |       | 9          |       | 2 |   | 31 |   | — |   |
| 253-264                 |       | 5                                                                   |       | 0                                           |       | 45                               |       | —                                                               |       | 42         |       | — |   | 9 |   | — |   |
| 265-276                 |       | 1                                                                   |       | 2                                           |       | 6                                |       | 12                                                                   |       | 5          |       | 19 |   | 9 |   | — |   |
| 277-288                 |       | 1                                                                   |       | 1                                           |       | 12                               |       | 6                                                                    |       | 11         |       | 5 |   | — |   | — |   |
| 289-300                 |       | 5                                                                   |       | 1                                           |       | 67                               |       | 12                                                                   |       | 39         |       | 11 |   | — |   | — |   |
| 301-312                 |       | 0                                                                   |       | 3                                           |       | —                           |       | 41                                                                   |       | —     |       | 22 |   | 18 |   | — |   |
| 313-324                 |       | 3                                                                   |       | 0                                           |       | 18                               |       | —                                                               |       | 11         |       | — |   | — |   | — |   |
| 325-336                 |       | 1                                                                   |       | 3                                           |       | 15                               |       | 18                                                                   |       | 14         |       | 11 |   | — |   | — |   |
| 337-348                 |       | 17                                                                  |       | 1                                           |       | 484                              |       | 15                                                                   |       | 446        |       | 14 |   | — |   | — |   |
| 349-360                 |       | 22                                                                  |       | 15                                          |       | 618                              |       | 437                                                                  |       | 602        |       | 426 |   | 219 |   | 86 |   |
| 361-372                 |       | 1                                                                   |       | 0                                           |       | 19                               |       | —                                                               |       | 18         |       | — |   | — |   | — |   |
| 373-384                 |       | 5                                                                   |       | 1                                           |       | 386                              |       | 19                                                                   |       | 385        |       | 19 |   | 29 |   | 357 |   |
|                    |       |                                                                |       |                                        |       |                             |       |                                                                 |       |       |       |   |   |   |   |   |   |
| TOTAL   - ALL SERIES    |       | 6,397                                                               |       | 5,379                                       |       | $                                | 33,646     |                                                                 | $          | 54,064     |       | $ | 40,650 |   | $ | 34,708 |   | $ | 8,307 |   | $ | 443 |   |

 

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|                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | **SCHEDULE VI** |
|-----------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-----------------|
|                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |
| AMERIPRISE CERTIFICATE COMPANY    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |
| Certificate Reserves              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |   |   |   |
| Part 1 - Summary of Changes  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |   |   |   |
| Year ended December 31, 2011 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |   |   |   |
| (Thousands)                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |   |   |   |

 
| ** **                                                                                                                                | ** ** | ** **                 | ** ** | **Balance at beginning of period** | ** ** | **Additions** | ** ** | **Deductions** | ** ** | **Balance at close of period** | ** ** |
|-------------------------------------------------------------------------------------------------------------------------------------------|------------|----------------------------|------------|--------------------------------------------------------|------------|---------------|------------|----------------|------------|----------------------------------------------------|------------|
| ** **                                                                                                                                | ** ** | ** **                 | ** ** | **Number**                                             | ** ** | ** **    | ** ** | ** **     | ** ** | ** **                                         | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | **Number** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                                                                                | ** ** | ** **                 | ** ** | **of**                                                 | ** ** | ** **    | ** ** | ** **     | ** ** | ** **                                         | ** ** | ** ** | ** ** | **Charged** | ** ** | ** ** | ** ** | ** ** | ** ** | **Credited** | ** ** | **of** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                                                                                | ** ** | **Yield**                  | ** ** | **accounts**                                           | ** ** | **Amount**    | ** ** | ** **     | ** ** | **Charged**                                        | ** ** | **Reserve** | ** ** | **to other** | ** ** | ** ** | ** ** | **Cash** | ** ** | **to other** | ** ** | **accounts** | ** ** | **Amount** | ** ** | ** ** | ** ** |
| ** **                                                                                                                                | ** ** | **to maturity**       | ** ** | **with**                                               | ** ** | **of**        | ** ** | **Amount**     | ** ** | **to profit**                                 | ** ** | **payments by** | ** ** | **accounts** | ** ** | ** ** | ** ** | **surrenders** | ** ** | **accounts** | ** ** | **with** | ** ** | **of** | ** ** | **Amount** | ** ** |
| ** **                                                                                                                                | ** ** | **on an annual** | ** ** | **security**                                           | ** ** | **maturity**  | ** ** | **of**         | ** ** | **and loss**                                  | ** ** | **certificate** | ** ** | **(per** | ** ** | ** ** | ** ** | **prior to** | ** ** | **(per** | ** ** | **security** | ** ** | **maturity** | ** ** | **of** | ** ** |
| **Description**                                                                                                                           | ** ** | **payment basis**     | ** ** | **holders**                                            | ** ** | **value**     | ** ** | **reserves**   | ** ** | **or income**                                 | ** ** | **holders** | ** ** | **part 2)** | ** ** | **Maturities** | ** ** | **maturity** | ** ** | **part 2)** | ** ** | **holders** | ** ** | **value** | ** ** | **reserves** | ** ** |
|                                                                                                                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Installment certificates:                                                                                                                 |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Reserves to mature:                                                                                                                       |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Series 15, includes extended maturities                                                                                              |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 22A,   “     “     “                                      |       | 3.09 Inst/3.10 Ext.        |       | 1                                                      |       | 19            |       | 19             |       | —                                             |       | — |   | — |   | — |   | — |   | (19 | ) | — |   | — |   | — |   |
| I-76,   “     “     “                                     |       | 3.35                       |       | 17                                                     |       | 477           |       | 459            |       | 8                                                  |       | 4 |   | — |   | (329 | ) | (49 | ) | (43 | ) | 3 |   | 55 |   | 50 |   |
| Reserve Plus Flex Payment                                                                                                                 |       |                       |       | 1                                                      |       | 6             |       | 3              |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 1 |   | 6 |   | 3 |   |
| IC-Q-Ins                                                                                                                                  |       |                       |       | 15                                                     |       | 142           |       | 79             |       | —                                             |       | 5 |   | — |   | (30 | ) | (7 | ) | — |   | 8 |   | 96 |   | 47 |   |
| IC-I                                                                                                                                      |       |                       |       | 15                                                     |       | 216           |       | 113            |       | —                                             |       | 8 |   | — |   | — |   | (29 | ) | — |   | 11 |   | 147 |   | 92 |   |
| IC-I-Emp                                                                                                                                  |       |                       |       | 4                                                      |       | 90            |       | 39             |       | —                                             |       | 2 |   | — |   | — |   | — |   | — |   | 4 |   | 90 |   | 41 |   |
| Inst                                                                                                                                      |       |                       |       | 4,994                                                  |       | —        |       | 31,816         |       | —                                             |       | 10,182 |   | 95 |   | (1,715 | ) | (10,249 | ) | — |   | 4,203 |   | — |   | 30,129 |   |
| Inst-E                                                                                                                                    |       |                       |       | 30                                                     |       | —        |       | 171            |       | —                                             |       | 63 |   | — |   | — |   | (95 | ) | — |   | 24 |   | — |   | 139 |   |
| RP-Q-Installment                                                                                                                          |       |                       |       | 4                                                      |       | 28            |       | 12             |       | —                                             |       | — |   | — |   | — |   | (4 | ) | — |   | 3 |   | 22 |   | 8 |   |
| RP-Q-Flexible Payment                                                                                                                     |       |                       |       | 1                                                      |       | 12            |       | 11             |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 1 |   | 12 |   | 11 |   |
| RP-Q-Ins                                                                                                                                  |       |                       |       | 2                                                      |       | 12            |       | 2              |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 2 |   | 12 |   | 2 |   |
| Inst-R & RP I95                                                                                                                  |       |                       |       | 290                                                    |       | 52,414        |       | 1,967          |       | —                                             |       | 769 |   | 7 |   |   |   | (699 | ) | — |   | 305 |   | 52,918 |   | 2,044 |   |
| Inst-R-E                                                                                                                                  |       |                       |       | 5                                                      |       | 648           |       | 17             |       | —                                             |       | 7 |   | — |   |   |   | (1 | ) | — |   | 5 |   | 648 |   | 23 |   |
| Total                                                                                                                                     |       |                       |       | 5,379                                                  |       | 54,064        |       | 34,708         |       | 8                                                  |       | 11,040 |   | 102 |   | (2,074 | ) | (11,133 | ) | (62 | ) | 4,570 |   | 54,006 |   | 32,589 |   |
|                                                                                                                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Payments made in advance of certificate year   requirements and accrued interest thereon:                                                 |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 22A,   “     “     “                                      |       | 3                          |       | —                                                 |       | —        |       | 2              |       | —                                             |       | — |   | — |   | — |   | — |   | (2 | ) | — |   | — |   | — |   |
| I-76,   “     “     “                                     |       | 3.5                        |       | —                                                 |       | —        |       | 79             |       | 1                                                  |       | — |   | — |   | (77 | ) | — |   | (3 | ) | — |   | — |   | — |   |
|                                                                                                                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                                                                                     |       |                       |       | —                                                 |       | —        |       | 81             |       | 1                                                  |       | — |   | — |   | (77 | ) | — |   | (5 | ) | — |   | — |   | — |   |
|                                                                                                                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Additional credits and accrued interest thereon:                                                                                          |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| “  22A,     “     “     “        |       | 3                          |       | —                                                 |       | —        |       | 4              |       | —                                             |       | — |   | — |   | — |   | — |   | (4 | ) | — |   | — |   | — |   |
| “   I-76,     “     “     “ |       | 3.5                        |       | —                                                 |       | —        |       | 78             |       | 1                                                  |       | — |   | 2 |   | (60 | ) | (6 | ) | (10 | ) | — |   | — |   | 5 |   |
| “   Inst                                                                                                              |       |                       |       | —                                                 |       | —        |       | 4              |       | 96                                                 |       | — |   | — |   | — |   | — |   | (95 | ) | — |   | — |   | 5 |   |
| “   Inst-R                                                                                                            |       |                       |       | —                                                 |       | —        |       | —         |       | 7                                                  |       | — |   | — |   | — |   | — |   | (7 | ) | — |   | — |   | — |   |
|                                                                                                                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                                                                                     |       |                       |       | —                                                 |       | —        |       | 86             |       | 104                                                |       | — |   | 2 |   | (60 | ) | (6 | ) | (116 | ) | — |   | — |   | 10 |   |
|                                                                                                                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Res for accrued 3rd year 2113 - Installment Prod   only.                                                                                  |       |                       |       | —                                                 |       | —        |       | 372            |       | 265                                                |       | (348 | ) | — |   | — |   | — |   | — |   | — |   | — |   | 289 |   |
| Accrued for add’l credits to be allowed at next   anni (2102)                                                                        |       |                       |       | —                                                 |       | —        |       | 1              |       | 1                                                  |       | — |   | — |   | — |   | — |   | (2 | ) | — |   | — |   | — |   |
|                                                                                                                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                                                                                     |       |                       |       | —                                                 |       | —        |       | 373            |       | 266                                                |       | (348 | ) | — |   | — |   | — |   | (2 | ) | — |   | — |   | 289 |   |
|                                                                                                                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Total installment certificates**                                                                                                        |       |                       | ** ** | **5,379**                                              | ** ** | **54,064**    | ** ** | **35,248**     | ** ** | **379**                                            | ** ** | **10,692** | ** ** | **104** | ** ** | **(2,211** | **)** | **(11,139** | **)** | **(185** | **)** | **4,570** | ** ** | **54,006** | ** ** | **32,888** | ** ** |

 

F-53

----

Table of Contents

 
|                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | **SCHEDULE VI** |
|-----------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-----------------|
|                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |
| AMERIPRISE CERTIFICATE COMPANY    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |
| Certificate Reserves              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |   |   |   |
| Part 1 - Summary of Changes  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |   |   |   |
| Year ended December 31, 2011 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |   |   |   |
| (Thousands)                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |   |   |   |

 
| ** **                                                                      | ** ** | ** **                 | ** ** | **Balance at beginning of period** | ** ** | **Additions** | ** ** | **Deductions** | ** ** | **Balance at close of period** | ** ** |
|---------------------------------------------------------------------------------|------------|----------------------------|------------|--------------------------------------------------------|------------|---------------|------------|----------------|------------|----------------------------------------------------|------------|
| ** **                                                                      | ** ** | ** **                 | ** ** | **Number**                                             | ** ** | ** **    | ** ** | ** **     | ** ** | ** **                                         | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | **Number** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                      | ** ** | ** **                 | ** ** | **of**                                                 | ** ** | ** **    | ** ** | ** **     | ** ** | ** **                                         | ** ** | ** ** | ** ** | **Charged** | ** ** | ** ** | ** ** | ** ** | ** ** | **Credited** | ** ** | **of** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                      | ** ** | **Yield**                  | ** ** | **accounts**                                           | ** ** | **Amount**    | ** ** | ** **     | ** ** | **Charged**                                        | ** ** | **Reserve** | ** ** | **to other** | ** ** | ** ** | ** ** | **Cash** | ** ** | **to other** | ** ** | **accounts** | ** ** | **Amount** | ** ** | ** ** | ** ** |
| ** **                                                                      | ** ** | **to maturity**       | ** ** | **with**                                               | ** ** | **of**        | ** ** | **Amount**     | ** ** | **to profit**                                 | ** ** | **payments by** | ** ** | **accounts** | ** ** | ** ** | ** ** | **surrenders** | ** ** | **accounts** | ** ** | **with** | ** ** | **of** | ** ** | **Amount** | ** ** |
| ** **                                                                      | ** ** | **on an annual** | ** ** | **security**                                           | ** ** | **maturity**  | ** ** | **of**         | ** ** | **and loss**                                  | ** ** | **certificate** | ** ** | **(per** | ** ** | ** ** | ** ** | **prior to** | ** ** | **(per** | ** ** | **security** | ** ** | **maturity** | ** ** | **of** | ** ** |
| **Description**                                                                 | ** ** | **payment basis**     | ** ** | **holders**                                            | ** ** | **value**     | ** ** | **reserves**   | ** ** | **or income**                                 | ** ** | **holders** | ** ** | **part 2)** | ** ** | **Maturities** | ** ** | **maturity** | ** ** | **part 2)** | ** ** | **holders** | ** ** | **value** | ** ** | **reserves** | ** ** |
|                                                                            |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fully   paid certificates:                                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Single-Payment   certificates:                                                  |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| IC-2-84   - 115, 116,117,118,119                                                |       | 3.5                        |       | 2                                                      |       | —        |       | 4              |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 2 |   | 4 |   | 4 |   |
| IC-2-85   - 120,121,122,123.124,125,126,127,128,129,130                         |       | 3.5                        |       | 2                                                      |       | 10            |       | 22             |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 2 |   | 20 |   | 22 |   |
| IC-2-87   - 132                                                                 |       | 3.5                        |       | 1                                                      |       | 2             |       | 5              |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 1 |   | 4 |   | 5 |   |
| Reserve   Plus Single Payment - 150                                             |       |                       |       | 1                                                      |       | —        |       | 1              |       | —                                             |       | — |   | — |   | — |   | (1 | ) | — |   | — |   | — |   | — |   |
| IC-Flexible   Savings (Variable Term) - 165                                     |       |                       |       | 94,928                                                 |       | 1,309,802     |       | 1,423,777      |       | —                                             |       | 374,974 |   | 14,139 |   | (2,015 | ) | (563,679 | ) | — |   | 82,028 |   | 1,160,441 |   | 1,247,196 |   |
| IC-Flexible   Savings Emp (VT) - 166                                            |       |                       |       | 128                                                    |       | 1,376         |       | 1,998          |       | —                                             |       | 38 |   | 18 |   | (335 | ) | (263 | ) | — |   | 111 |   | 1,063 |   | 1,456 |   |
| IC-Preferred   Investors - 250                                                  |       |                       |       | 3                                                      |       | 1,877         |       | 1,891          |       | —                                             |       | 1,135 |   | 9 |   | — |   | (2,461 | ) | — |   | 2 |   | 558 |   | 574 |   |
| Cash   Reserve Variable PMT-3mo. - 662                                          |       |                       |       | 14,236                                                 |       | 74,485        |       | 78,504         |       | —                                             |       | 31,105 |   | 214 |   | (1,234 | ) | (40,591 | ) | — |   | 12,201 |   | 65,211 |   | 67,998 |   |
| IC-Future   Value - 155                                                         |       |                       |       | 1                                                      |       | 3             |       | 3              |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 1 |   | 3 |   | 3 |   |
| IC-Stock   Market - 180                                                         |       |                       |       | 37,696                                                 |       | 255,521       |       | 290,373        |       | —                                             |       | 48,676 |   | 6,106 |   | (7,573 | ) | (75,330 | ) | — |   | 32,110 |   | 233,991 |   | 262,252 |   |
| IC-MSC   - 181                                                                  |       |                       |       | 17,238                                                 |       | 272,617       |       | 302,753        |       | —                                             |       | 36,152 |   | 5,466 |   | — |   | (56,901 | ) | — |   | 15,508 |   | 258,705 |   | 287,470 |   |
|                                                                            |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                           |       |                       |       | 164,236                                                |       | 1,915,693     |       | 2,099,331      |       | —                                             |       | 492,080 |   | 25,952 |   | (11,157 | ) | (739,226 | ) | — |   | 141,966 |   | 1,720,000 |   | 1,866,980 |   |
|                                                                            |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Additional   credits and accrued interest thereon:                              |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| IC-2-84                                                                         |       | 3.5                        |       | —                                                 |       | —        |       | 2              |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | — |   | — |   | 2 |   |
| IC-Flexible   Savings                                                           |       |                       |       | —                                                 |       | —        |       | 721            |       | 14,795                                             |       | — |   | — |   | — |   | (816 | ) | (14,152 | ) | — |   | — |   | 548 |   |
| IC-Preferred   Investors                                                        |       |                       |       | —                                                 |       | —        |       | 1              |       | 14                                                 |       | — |   | — |   | — |   | (6 | ) | (9 | ) | — |   | — |   | — |   |
| IC-FS-EMP                                                                       |       |                       |       | —                                                 |       | —        |       | 1              |       | 22                                                 |       | — |   | — |   | — |   | (4 | ) | (18 | ) | — |   | — |   | 1 |   |
| Cash   Reserve Variable Payment-3mo.                                            |       |                       |       | —                                                 |       | —        |       | 103            |       | 247                                                |       | (121 | ) | — |   | — |   | (2 | ) | (214 | ) | — |   | — |   | 13 |   |
| IC-Future   Value                                                               |       |                       |       | —                                                 |       | —        |       | 6              |       | 1                                                  |       | — |   | — |   | — |   | — |   | — |   | — |   | — |   | 7 |   |
| IC-Stk   Mkt, 2004/16/31-4000/16                                                |       |                       |       | —                                                 |       | —        |       | 74             |       | 84                                                 |       | — |   | — |   | — |   | (9 | ) | (100 | ) | — |   | — |   | 49 |   |
| IC-MSC                                                                          |       |                       |       | —                                                 |       | —        |       | 20             |       | 61                                                 |       | — |   | — |   | — |   | (1 | ) | (62 | ) | — |   | — |   | 18 |   |
|                                                                            |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                           |       |                       |       | —                                                 |       | —        |       | 928            |       | 15,224                                             |       | (121 | ) | — |   | — |   | (838 | ) | (14,555 | ) | — |   | — |   | 638 |   |
|                                                                            |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Accrued   for additional credits to be allowed at next anniversaries:           |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| SP 75                                                                           |       |                       |       | —                                                 |       | —        |       | (1             | )          | —                                             |       | — |   | — |   | — |   | — |   | — |   | — |   | — |   | (1 | ) |
| IC-EISC                                                                         |       |                       |       | —                                                 |       | —        |       | 6,436          |       | 906                                                |       | — |   | — |   | — |   | (122 | ) | (6,013 | ) | — |   | — |   | 1,207 |   |
| IC-AEBI   Stock Market                                                          |       |                       |       | —                                                 |       | —        |       | 5,904          |       | 1,032                                              |       | — |   | — |   | — |   | (196 | ) | (5,409 | ) | — |   | — |   | 1,331 |   |
|                                                                            |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                           |       |                       |       | —                                                 |       | —        |       | 12,339         |       | 1,938                                              |       | — |   | — |   | — |   | (318 | ) | (11,422 | ) | — |   | — |   | 2,537 |   |
|                                                                            |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Total Single Payment - Non Qualified**                                        |       |                       | ** ** | **164,236**                                            | ** ** | **1,915,693** | ** ** | **2,112,598**  | ** ** | **17,162**                                         | ** ** | **491,959** | ** ** | **25,952** | ** ** | **(11,157** | **)** | **(740,382** | **)** | **(25,977** | **)** | **141,966** | ** ** | **1,720,000** | ** ** | **1,870,155** | ** ** |
|                                                                            |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| R   Series Single-Payment certificates:                                    |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| R-77   - 910                                                                    |       | 3.5                        |       | 6                                                      |       | 22            |       | 29             |       | —                                             |       | — |   | 1 |   | — |   | (10 | ) | — |   | 4 |   | 14 |   | 20 |   |
| R-78   - 911                                                                    |       | 3.5                        |       | 14                                                     |       | 86            |       | 106            |       | —                                             |       | — |   | 9 |   | — |   | (55 | ) | — |   | 8 |   | 48 |   | 60 |   |
| R-79   - 912                                                                    |       | 3.5                        |       | 14                                                     |       | 83            |       | 97             |       | —                                             |       | — |   | 7 |   | — |   | (48 | ) | — |   | 8 |   | 46 |   | 56 |   |
| R-80   - 913                                                                    |       | 3.5                        |       | 13                                                     |       | 95            |       | 103            |       | —                                             |       | — |   | 12 |   | — |   | (66 | ) | — |   | 8 |   | 44 |   | 49 |   |
| R-81   - 914                                                                    |       | 3.5                        |       | 7                                                      |       | 44            |       | 43             |       | —                                             |       | — |   | 1 |   | — |   | (8 | ) | — |   | 6 |   | 36 |   | 36 |   |
| R-82A   - 915                                                                   |       | 3.5                        |       | 20                                                     |       | 87            |       | 75             |       | —                                             |       | — |   | 3 |   | — |   | (1 | ) | — |   | 20 |   | 85 |   | 77 |   |
| RP-Q   - 916                                                                    |       |                       |       | 73                                                     |       | 106           |       | 308            |       | —                                             |       | — |   | 1 |   | — |   | (35 | ) | — |   | 67 |   | 94 |   | 274 |   |
| R-II   - 920                                                                    |       | 3.5                        |       | 26                                                     |       | 174           |       | 118            |       | —                                             |       | — |   | 8 |   | — |   | (40 | ) | — |   | 18 |   | 121 |   | 86 |   |
| RP-Flexible   Savings - 971                                                     |       |                       |       | 38,769                                                 |       | 710,726       |       | 758,797        |       | —                                             |       | 195,021 |   | 7,720 |   | (249 | ) | (318,669 | ) | — |   | 33,623 |   | 610,539 |   | 642,620 |   |
| Cash   Reserve RP-3 mo. - 972                                                   |       |                       |       | 2,068                                                  |       | 11,273        |       | 12,072         |       | —                                             |       | 1,638 |   | 35 |   | (22 | ) | (3,564 | ) | — |   | 1,797 |   | 9,518 |   | 10,159 |   |
| RP-Flexible   Savings Emp - 973                                                 |       |                       |       | 53                                                     |       | 531           |       | 730            |       | —                                             |       | 5 |   | 10 |   | (6 | ) | (131 | ) | — |   | 42 |   | 449 |   | 608 |   |
| RP-Stock   Market - 960                                                         |       |                       |       | 9,231                                                  |       | 99,682        |       | 108,551        |       | —                                             |       | 20,025 |   | 2,338 |   | (455 | ) | (31,098 | ) | — |   | 8,342 |   | 91,469 |   | 99,361 |   |
| Market   Strategy Cert - 961 (section 1-6 from Report 2785-81-RP-STOCK-VB 2001) |       |                       |       | 3,452                                                  |       | 85,733        |       | 92,582         |       | —                                             |       | 9,892 |   | 1,679 |   | — |   | (19,119 | ) | — |   | 3,214 |   | 78,756 |   | 85,034 |   |
| D-1 -   sum of SERIES D on Summary page - 400 + 990-993                    |       |                       |       | 36                                                     |       | 2,844         |       | 3,594          |       | —                                             |       | — |   | 30 |   | (71 | ) | (498 | ) | — |   | 27 |   | 2,464 |   | 3,055 |   |
|                                                                            |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                           |       |                       |       | 53,782                                                 |       | 911,486       |       | 977,205        |       | —                                             |       | 226,581 |   | 11,854 |   | (803 | ) | (373,342 | ) | — |   | 47,184 |   | 793,683 |   | 841,495 |   |

 

F-54

----

Table of Contents

 
| AMERIPRISE CERTIFICATE   COMPANY    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |   |   |   |
|-------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|-----------------|--------|--------|--------|
| Certificate Reserves                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | **SCHEDULE VI** |
| Part 1 - Summary of   Changes  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |   |   |   |
| Year ended December 31,   2011 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |   |   |   |
| (Thousands)                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |            |   |   |   |

 
| ** **                                                                       | ** ** | ** **                 | ** ** | **Balance at beginning of period** | ** ** | **Additions** | ** ** | **Deductions** | ** ** | **Balance at close of period** | ** ** |
|----------------------------------------------------------------------------------|------------|----------------------------|------------|--------------------------------------------------------|------------|---------------|------------|----------------|------------|----------------------------------------------------|------------|
| ** **                                                                       | ** ** | ** **                 | ** ** | **Number**                                             | ** ** | ** **    | ** ** | ** **     | ** ** | ** **                                         | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | **Number** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                       | ** ** | ** **                 | ** ** | **of**                                                 | ** ** | ** **    | ** ** | ** **     | ** ** | ** **                                         | ** ** | ** ** | ** ** | **Charged** | ** ** | ** ** | ** ** | ** ** | ** ** | **Credited** | ** ** | **of** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                       | ** ** | **Yield**                  | ** ** | **accounts**                                           | ** ** | **Amount**    | ** ** | ** **     | ** ** | **Charged**                                        | ** ** | **Reserve** | ** ** | **to other** | ** ** | ** ** | ** ** | **Cash** | ** ** | **to other** | ** ** | **accounts** | ** ** | **Amount** | ** ** | ** ** | ** ** |
| ** **                                                                       | ** ** | **to maturity**       | ** ** | **with**                                               | ** ** | **of**        | ** ** | **Amount**     | ** ** | **to profit**                                 | ** ** | **payments by** | ** ** | **accounts** | ** ** | ** ** | ** ** | **surrenders** | ** ** | **accounts** | ** ** | **with** | ** ** | **of** | ** ** | **Amount** | ** ** |
| ** **                                                                       | ** ** | **on an annual** | ** ** | **security**                                           | ** ** | **maturity**  | ** ** | **of**         | ** ** | **and loss**                                  | ** ** | **certificate** | ** ** | **(per** | ** ** | ** ** | ** ** | **prior to** | ** ** | **(per** | ** ** | **security** | ** ** | **maturity** | ** ** | **of** | ** ** |
| **Description**                                                                  | ** ** | **payment basis**     | ** ** | **holders**                                            | ** ** | **value**     | ** ** | **reserves**   | ** ** | **or income**                                 | ** ** | **holders** | ** ** | **part 2)** | ** ** | **Maturities** | ** ** | **maturity** | ** ** | **part 2)** | ** ** | **holders** | ** ** | **value** | ** ** | **reserves** | ** ** |
| Additional Interest on R-Series Single Payment   Reserves:                  |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| R-77                                                                             |       | 3.5                        |       | —                                                 |       | —        |       | 1              |       | 2                                                  |       | — |   | — |   | — |   | — |   | (1 | ) | — |   | — |   | 2 |   |
| R-78                                                                             |       | 3.5                        |       | —                                                 |       | —        |       | 3              |       | 9                                                  |       | — |   | — |   | — |   | (1 | ) | (9 | ) | — |   | — |   | 2 |   |
| R-79                                                                             |       | 3.5                        |       | —                                                 |       | —        |       | 3              |       | 6                                                  |       | — |   | — |   | — |   | — |   | (7 | ) | — |   | — |   | 2 |   |
| R-80                                                                             |       | 3.5                        |       | —                                                 |       | —        |       | 3              |       | 11                                                 |       | — |   | — |   | — |   | (1 | ) | (12 | ) | — |   | — |   | 1 |   |
| R-81                                                                             |       | 3.5                        |       | —                                                 |       | —        |       | 1              |       | 1                                                  |       | — |   | — |   | — |   | — |   | (1 | ) | — |   | — |   | 1 |   |
| R-82A                                                                            |       | 3.5                        |       | —                                                 |       | —        |       | 2              |       | 3                                                  |       | — |   | — |   | — |   | — |   | (3 | ) | — |   | — |   | 2 |   |
| RP-Q                                                                             |       |                       |       | —                                                 |       | —        |       | —         |       | 1                                                  |       | — |   | — |   | — |   | — |   | (1 | ) | — |   | — |   | — |   |
| R-II                                                                             |       | 3.5                        |       | —                                                 |       | —        |       | 3              |       | 7                                                  |       | — |   | — |   | — |   | — |   | (8 | ) | — |   | — |   | 2 |   |
| RP-Flexible Savings                                                              |       |                       |       | —                                                 |       | —        |       | 379            |       | 7,856                                              |       | — |   | — |   | — |   | (238 | ) | (7,720 | ) | — |   | — |   | 277 |   |
| Cash Reserve RP-3 mo. Plus                                                       |       |                       |       | —                                                 |       | —        |       | 14             |       | 41                                                 |       | (17 | ) | — |   | — |   | — |   | (35 | ) | — |   | — |   | 3 |   |
| RP-Flexible Savings Emp                                                          |       |                       |       | —                                                 |       | —        |       | —         |       | 10                                                 |       | — |   | — |   | — |   | — |   | (10 | ) | — |   | — |   | — |   |
| RP-Stock Market                                                                  |       |                       |       | —                                                 |       | —        |       | 24             |       | 29                                                 |       | — |   | — |   | — |   | (2 | ) | (34 | ) | — |   | — |   | 17 |   |
| Market Strategy Cert (2785-81 RP-STOCK VB   2004/4000 & 2016/2031/4016) |       |                       |       | —                                                 |       | —        |       | 11             |       | 21                                                 |       | — |   | — |   | — |   | — |   | (22 | ) | — |   | — |   | 10 |   |
| D-1 - 400                                                                        |       |                       |       | 14                                                     |       | 49            |       | —         |       | 37                                                 |       | — |   | — |   | — |   | (8 | ) | (30 | ) | 13 |   | 48 |   | (1 | ) |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                            | ** ** | ** **                 |       | 14                                                     |       | 49            |       | 444            |       | 8,034                                              |       | (17 | ) | — |   | — |   | (250 | ) | (7,893 | ) | 13 |   | 48 |   | 318 |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Accrued for additional   credits to be allowed at next anniversaries:            |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| RP-Stock Market                                                                  |       |                       |       | —                                                 |       | —        |       | 2,417          |       | 329                                                |       | — |   | — |   | — |   | (11 | ) | (2,304 | ) | — |   | — |   | 431 |   |
| Market Strategy Cert (C2785-81 2019/2102/4061)                                   |       |                       |       | —                                                 |       | —        |       | 1,804          |       | 295                                                |       | — |   | — |   | — |   | (49 | ) | (1,656 | ) | — |   | — |   | 394 |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                            |       |                       |       | —                                                 |       | —        |       | 4,221          |       | 624                                                |       | — |   | — |   | — |   | (60 | ) | (3,960 | ) | — |   | — |   | 825 |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| **Total Single Payment - Qualified**                                             |       |                       | ** ** | **53,796**                                             | ** ** | **911,535**   | ** ** | **981,870**    | ** ** | **8,658**                                          | ** ** | **226,564** | ** ** | **11,854** | ** ** | **(803** | **)** | **(373,652** | **)** | **(11,853** | **)** | **47,197** | ** ** | **793,731** | ** ** | **842,638** | ** ** |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Paid-up certificates:                                                            |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| “   15A and   22A                                                 |       | 3.5                        |       | —                                                 |       | —        |       | 17             |       | —                                             |       | — |   | — |   | (15 | ) | (2 | ) | — |   | — |   | — |   | — |   |
| “   I-76 - 640                                                    |       | 3.5                        |       | —                                                 |       | —        |       | 400            |       | 11                                                 |       | — |   | — |   | (148 | ) | (34 | ) | — |   | — |   | — |   | 229 |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                            |       |                       |       | —                                                 |       | —        |       | 417            |       | 11                                                 |       | — |   | — |   | (163 | ) | (36 | ) | — |   | — |   | — |   | 229 |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Additional credits and accrued interest thereon:                                 |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| “   15A and 22A                                                   |       | 3                          |       | 3                                                      |       | 17            |       | —         |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | — |   | — |   | — |   |
| “   I-76                                                          |       | 3.5                        |       | 89                                                     |       | 418           |       | 36             |       | 1                                                  |       | — |   | — |   | (16 | ) | (4 | ) | — |   | 40 |   | 234 |   | 17 |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                                            |       |                       |       | 92                                                     |       | 435           |       | 36             |       | 1                                                  |       | — |   | — |   | (16 | ) | (4 | ) | — |   | 40 |   | 234 |   | 17 |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total paid-up                                                                    |       |                       | ** ** | **92**                                                 | ** ** | **435**       | ** ** | **453**        | ** ** | **12**                                             | ** ** | **—** | ** ** | **—** | ** ** | **(179** | **)** | **(40** | **)** | **—** | ** ** | **40** | ** ** | **234** | ** ** | **246** | ** ** |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other series and conversions from Single Payment   certificates                  |       | 2.5-3-3-3.5                |       | —                                                 |       | —        |       | 33,788         |       | 999                                                |       | — |   | 183 |   | (1,930 | ) | (3,380 | ) | — |   | — |   | — |   | 29,660 |   |
| Series R-II & RP-2-84 thru 88 - Prod   921                         |       | 3.5                        |       | —                                                 |       | —        |       | 43             |       | 4                                                  |       | — |   | — |   | — |   | — |   | — |   | — |   | — |   | 47 |   |
| Reserve Plus Single-Payment (Prod 150)                                           |       |                       |       | —                                                 |       | —        |       | 68             |       | —                                             |       | — |   | — |   | — |   | (18 | ) | — |   | — |   | — |   | 50 |   |
| Reserve Plus Flex-Pay & IC-Q-Inst (Prod   650, 651, 652)                |       |                       |       | —                                                 |       | —        |       | 11             |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | — |   | — |   | 11 |   |
| Series R-Installment (Prod 980, 981,982)                                    |       |                       |       | —                                                 |       | —        |       | 22             |       | —                                             |       | — |   | — |   | (3 | ) | — |   | — |   | — |   | — |   | 19 |   |
| Add’l credits and accrued int. thereon                                      |       | 2.5-3                      |       | —                                                 |       | —        |       | 2,416          |       | 70                                                 |       | — |   | 3 |   | (101 | ) | (203 | ) | (101 | ) | — |   | — |   | 2,084 |   |
| Accrued for additional credits to be allowed at   next anniversaries             |       |                       |       | —                                                 |       | —        |       | 2              |       | 1                                                  |       | — |   | — |   | — |   | — |   | (3 | ) | — |   | — |   | — |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total optional settlement                                                        |       |                       |       | —                                                 |       | —        |       | 36,350         |       | 1,074                                              |       | — |   | 186 |   | (2,034 | ) | (3,601 | ) | (104 | ) | — |   | — |   | 31,871 |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Due to unlocated cert holders                                                    |       |                       |       | —                                                 |       | —        |       | 148            |       | —                                             |       | — |   | 34 |   | — |   | — |   | (43 | ) | — |   | — |   | 139 |   |
|                                                                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total certificate reserves                                                       |       |                       | ** ** | **223,503**                                            | ** ** | **2,881,727** | ** ** | **3,166,667**  | ** ** | **27,285**                                         | ** ** | **729,215** | ** ** | **38,130** | ** ** | **(16,384** | **)** | **(1,128,814** | **)** | **(38,162** | **)** | **193,773** | ** ** | **2,567,971** | ** ** | **2,777,937** | ** ** |

 

F-55

----

Table of Contents

 
| **Ameriprise Certificate Company** | ** ** | ** ** | ** ** |
|----------------------------------------------|------------|------------|------------|
| **Certificate Reserves**                | ** ** | ** ** | ** ** |
| **(In thousands)**                      | ** ** | ** ** | ** ** |
| **December 31, 2011**              | ** ** | ** ** | ** ** |

 
| Part 2 - Descriptions of Additions to   Reserves Charged to Other                                                                                                              |       |       |       |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|------------|------------|
|                                                                                                                                                                                |       |       |       |
| Accounts and Deductions from Reserves Credited to   Other Accounts                                                                                                                  |       |       |       |
|                                                                                                                                                                                |       |       |       |
| Additional credits on installment certificates and   accrued interest thereon:                                                                                                      |       |       |       |
| Other additions represent:                                                                                                                                                          |       |       |       |
| Transfers from accruals for additional credits to   be allowed at next anniversaries                                                                                                |       | $          | 2          |   |
| Transfers from maturities to extended maturities,   additional credits/interest and advance payments                                                                                |       | 103        |       |
|                                                                                                                                                                                |       | $          | 105        |   |
| Other deductions represent:                                                                                                                                                         |       |       |       |
| Transfers to reserves on a quarterly basis for   Reserve Plus Flexible- Payment, IC-Q-Installment and R-Flexible-Payment                                                       |       | $          | 103        |   |
| Conversions to optional settlement   certificates-credited to optional settlement reserves                                                                                          |       | 77         |       |
| Conversions to paid-up certificates-credited to   paid-up reserves                                                                                                                  |       | 5          |       |
|                                                                                                                                                                                |       | $          | 185        |   |
| Accrual for additional credits to be allowed on   installment certificates at next anniversaries:                                                                                   | ** ** | ** ** | ** ** |
| Other deductions represent:                                                                                                                                                         |       |       |       |
| Transfers to reserves for additional credits on   installment certificates                                                                                                          |       | $          | 2          |   |
|                                                                                                                                                                                |       |       |       |
| Optional settlement certificates:                                                                                                                                                   |       |       |       |
| Other additions represent:                                                                                                                                                          |       |       |       |
| Transfers from installment certificate reserves   (less surrender charges), single-payment and Series D certificate   reserves upon election of optional settlement privileges |       | $          | 181        |   |
| Transfers from accruals for additional credits to   be allowed at next anniversaries                                                                                                |       | 3          |       |
|                                                                                                                                                                                |       | $          | 184        |   |
| Other deductions represent:                                                                                                                                                         |       |       |       |
| Transfers to reserve for additional credits and   accrued interest thereon                                                                                                          |       | $          | 3          |   |
| Transfers to optional settlement reserves                                                                                                                                           |       | 101        |       |
|                                                                                                                                                                                |       | $          | 104        |   |
| Single-Payment certificates:                                                                                                                                                        |       |       |       |
| Other additions represent:                                                                                                                                                          |       |       |       |
| Flexible Savings                                                                                                                                                                    |       | $          | 14,139     |   |
| Flexible Savings-Emp                                                                                                                                                                |       | 18         |       |
| Preferred Investors                                                                                                                                                                 |       | 9          |       |
| Cash Reserve-3mo                                                                                                                                                                    |       | 214        |       |
| Stock Market                                                                                                                                                                        |       | 6,106      |       |
| Market Strategy                                                                                                                                                                     |       | 5,466      |       |
| RP-Q                                                                                                                                                                                |       | 1          |       |
| Cash Reserve-RP-3mo                                                                                                                                                                 |       | 35         |       |
| Flexible Saving-RP                                                                                                                                                                  |       | 7,720      |       |
| Flexible Savings-RP-Emp                                                                                                                                                             |       | 10         |       |
| Stock Market-RP                                                                                                                                                                     |       | 2,338      |       |
| Market Strategy-RP                                                                                                                                                                  |       | 1,679      |       |
| Transfers from accruals at anniversaries   maintained in a separate reserve account.                                                                                                |       | 72         |       |
|                                                                                                                                                                                |       | $          | 37,807     |   |

 

F-56

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Table of Contents

 
| **Ameriprise Certificate Company** | ** ** | ** ** | ** ** |
|----------------------------------------------|------------|------------|------------|
| **Certificate Reserves**                | ** ** | ** ** | ** ** |
| **(In thousands)**                      | ** ** | ** ** | ** ** |
| **December 31, 2011**              | ** ** | ** ** | ** ** |

 
| Part 2 - Descriptions of Additions to   Reserves Charged to Other            |   |   |   |
|-----------------------------------------------------------------------------------|--------|--------|--------|
|                                                                              |   |   |   |
| Accounts and Deductions from Reserves Credited to   Other Accounts                |   |   |   |
|                                                                              |   |   |   |
| Single-Payment certificates continued:                                            |   |   |   |
| Other deductions represent:                                                       |   |   |   |
| Transfers to optional settlement reserves:                                        |   |   |   |
| Single-Payment                                                                    |   | $      | 13,234 |   |
| Transfers to reserves for additional credits and   accrued interest thereon       |   | (72    | )      |
| Flexible Savings                                                                  |   | 14,164 |   |
| Flexible Savings-Emp                                                              |   | 18     |   |
| Preferred Investors                                                               |   | 9      |   |
| Investors                                                                         |   | 9      |   |
| Cash Reserve-3mo                                                                  |   | 214    |   |
| Stock Market                                                                      |   | 6      |   |
| Market Strategy Cert                                                              |   | 100    |   |
| AEBI Stock Market                                                                 |   | 62     |   |
| RP-Q                                                                              |   | 1      |   |
| Cash Reserve-RP-3mo                                                               |   | 35     |   |
| Flexible Saving-RP                                                                |   | 7,720  |   |
| Flexible Savings-RP-Emp                                                           |   | 10     |   |
| Stock Market-RP                                                                   |   | 2,338  |   |
| Transfers to Federal tax withholding                                              |   | (19    | )      |
|                                                                              |   | $      | 37,829 |   |
|                                                                              |   |   |   |
| Due to unlocated certificate holders:                                             |   |   |   |
| Other additions represent:                                                        |   |   |   |
| Amounts equivalent to payments due certificate   holders who could not be located |   | $      | 34     |   |
|                                                                              |   |   |   |
| Other deductions represent:                                                       |   |   |   |
| Payments to certificate holders credited to cash                                  |   | $      | 42     |   |

 

F-57

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Table of Contents

 

| **AMERIPRISE CERTIFICATE COMPANY, INC.**                 | **CERTIFICATE RESERVES SCHEDULE VI** | ** ** |
|---------------------------------------------------------------|--------------------------------------|------------|
| **PART 3**                                               |                                 |       |
| **December 31, 2011**                                    |                                 |       |
| **PART 3 - INFORMATION REGARDING   INSTALLMENT CERTIFICATES** |                                 |       |

 
| ** **              | ** ** | ** **                   | ** ** | ** **                   | ** ** | ** **                       | ** ** | ** **           | ** ** | ** **                | ** ** | ** ** | ** ** | **DEDUCTION FROM** | ** ** | ** ** | ** ** |
|-------------------------|------------|------------------------------|------------|------------------------------|------------|----------------------------------|------------|----------------------|------------|---------------------------|------------|------------|------------|-------------------------|------------|------------|------------|
| ** **              | ** ** | ** **                   | ** ** | ** **                   | ** ** | ** **                       | ** ** | ** **           | ** ** | ** **                | ** ** | ** ** | ** ** | **RESERVES CASH**  | ** ** | ** ** | ** ** |
| ** **              | ** ** | ** **                   | ** ** | ** **                   | ** ** | ** **                       | ** ** | ** **           | ** ** | **SURRENDERS PRIOR** | ** ** | ** ** | ** ** |
| ** **              | ** ** | **NUMBER OF ACCOUNTS W/**    | ** ** | ** **                   | ** ** | ** **                       | ** ** | **TO MATURITY** | ** ** | ** **                | ** ** |
| ** **              | ** ** | **CERTIFICATE HOLDERS** | ** ** | **AMOUNT OF MATURITY VALUE** | ** ** | **AMOUNT OF RESERVES** | ** ** | **SURRENDER**        | ** ** | **OTHER**                 | ** ** |
| **MO’s PAID** | ** ** | **2010**                     | ** ** | **2011**                     | ** ** | **2010**                         | ** ** | **2011**             | ** ** | **2010**                  | ** ** | **2011**   | ** ** | **2011**                | ** ** | **2011**   | ** ** |
| ** **              | ** ** | ** **                   | ** ** | ** **                   | ** ** | ** **                       | ** ** | ** **           | ** ** | ** **                | ** ** | ** ** | ** ** | ** **              | ** ** | ** ** | ** ** |
| 1-12                    |       | 381                          |       | 323                          |       | $                                | 29,734     |                 | $          | 10,677                    |       | $          | 1,080      |                    | $          | 1,900      |       | $ | 945 |   | $ | — |   |
| 13-24                   |       | 782                          |       | 274                          |       | 9,278                            |       | 29,178               |       | 3,267                     |       | 1,124      |       | 254                     |       |       |       |
| 25-36                   |       | 594                          |       | 676                          |       | 3,158                            |       | 3,305                |       | 2,810                     |       | 4,120      |       | 478                     |       | —     |       |
| 37-48                   |       | 423                          |       | 534                          |       | 704                              |       | 1,314                |       | 2,384                     |       | 3,465      |       | 191                     |       | —     |       |
| 49-60                   |       | 434                          |       | 387                          |       | 489                              |       | 704                  |       | 3,390                     |       | 2,659      |       | 163                     |       | —     |       |
| 61-72                   |       | 658                          |       | 376                          |       | 1,740                            |       | 489                  |       | 5,451                     |       | 3,445      |       | 290                     |       | —     |       |
| 73-84                   |       | 752                          |       | 499                          |       | 561                              |       | 1,655                |       | 5,526                     |       | 4,198      |       | 1,412                   |       | —     |       |
| 85-96                   |       | 625                          |       | 628                          |       | 7,416                            |       | 324                  |       | 5,104                     |       | 4,608      |       | 944                     |       | —     |       |
| 97-108                  |       | 417                          |       | 512                          |       | 56                               |       | 5,984                |       | 3,127                     |       | 4,312      |       | 607                     |       | —     |       |
| 109-120                 |       | 257                          |       | 328                          |       | —                           |       | —               |       | 1,873                     |       | 2,551      |       | 425                     |       | —     |       |
| 121-132                 |       | —                       |       | 3                            |       | —                           |       | —               |       | —                    |       | —     |       | 352                     |       | —     |       |
| 133-144                 |       | 1                            |       | —                       |       | —                           |       | —               |       | 1                         |       | —     |       | —                  |       | —     |       |
| 145-156                 |       | —                       |       | 1                            |       | —                           |       | —               |       | —                    |       | 1          |       | —                  |       | —     |       |
| 157-168                 |       | 1                            |       | —                       |       | —                           |       | —               |       | 1                         |       | —     |       | —                  |       | —     |       |
| 169-180                 |       | 3                            |       | 1                            |       | 102                              |       | —               |       | 33                        |       | 1          |       | —                  |       | —     |       |
| 181-192                 |       | 4                            |       | 2                            |       | 52                               |       | 72                   |       | 36                        |       | 23         |       | 10                      |       | —     |       |
| 193-204                 |       | 4                            |       | 3                            |       | 66                               |       | 28                   |       | 34                        |       | 24         |       | 12                      |       | —     |       |
| 205-216                 |       | 1                            |       | 4                            |       | 6                                |       | 66                   |       | 1                         |       | 35         |       | —                  |       | —     |       |
| 217-228                 |       | 6                            |       | 1                            |       | 54                               |       | 6                    |       | 28                        |       | 1          |       | —                  |       | —     |       |
| 229-240                 |       | 7                            |       | 4                            |       | 76                               |       | 42                   |       | 33                        |       | 21         |       | 8                       |       | —     |       |
| 241-252                 |       | 2                            |       | 1                            |       | 12                               |       | 36                   |       | 2                         |       | 1          |       | 5                       |       | —     |       |
| 253-264                 |       | —                       |       | 2                            |       | —                           |       | 12                   |       | —                    |       | 2          |       | —                  |       | —     |       |
| 265-276                 |       | 2                            |       | —                       |       | 12                               |       | —               |       | 19                        |       | —     |       | —                  |       | —     |       |
| 277-288                 |       | 1                            |       | 2                            |       | 6                                |       | 12                   |       | 5                         |       | 20         |       | —                  |       | —     |       |
| 289-300                 |       | 1                            |       | 1                            |       | 12                               |       | 6                    |       | 11                        |       | 5          |       | —                  |       | —     |       |
| 301-312                 |       | 3                            |       | 1                            |       | 41                               |       | 12                   |       | 22                        |       | 11         |       | —                  |       | —     |       |
| 313-324                 |       | —                       |       | 3                            |       | —                           |       | 41                   |       | —                    |       | 24         |       | —                  |       | —     |       |
| 325-336                 |       | 3                            |       | —                       |       | 18                               |       | —               |       | 11                        |       | —     |       | —                  |       | —     |       |
| 337-348                 |       | 1                            |       | 2                            |       | 15                               |       | 12                   |       | 14                        |       | 8          |       | 3                       |       | —     |       |
| 349-360                 |       | 15                           |       | 2                            |       | 437                              |       | 31                   |       | 426                       |       | 30         |       | 49                      |       | 43         |       |
| 361-372                 |       | —                       |       | —                       |       | —                           |       | —               |       | —                    |       | —     |       | —                  |       | —     |       |
| 373-384                 |       | 1                            |       | —                       |       | 19                               |       | —               |       | 19                        |       | —     |       | —                  |       | 19         |       |
|                    |       |                         |       |                         |       |                             |       |                 |       |                      |       |       |       |                    |       |       |       |
| TOTAL - ALL SERIES      |       | 5,379                        |       | 4,570                        |       | $                                | 54,064     |                 | $          | 54,006                    |       | $          | 34,708     |                    | $          | 32,589     |       | $ | 6,148 |   | $ | 62 |   |

 

F-58

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Table of Contents

 
| AMERIPRISE CERTIFICATE COMPANY             | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | **SCHEDULE VI** | ** ** |
|------------------------------------------------------|------------|------------|------------|------------|------------|------------|------------|------------|------------|------------|------------|------------|------------|------------|------------|------------|------------|----------------------|------------|
| Certificate Reserves                            | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** **           | ** ** |
| Part 1 - Summary of Changes | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** **           | ** ** |
| Year ended December 31, 2012     | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** **           | ** ** |
| (Thousands)                                          | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** **           | ** ** |

 
| ** **                                                 | ** ** | ** **                 | ** ** | **Balance at beginning of period** | ** ** | **Additions** | ** ** | **Deductions** | ** ** | **Balance at close of period** | ** ** |
|------------------------------------------------------------|------------|----------------------------|------------|--------------------------------------------------------|------------|---------------|------------|----------------|------------|----------------------------------------------------|------------|
| ** **                                                 | ** ** | ** **                 | ** ** | **Number**                                             | ** ** | ** **    | ** ** | ** **     | ** ** | ** **                                         | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | **Number** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                 | ** ** | ** **                 | ** ** | **of**                                                 | ** ** | ** **    | ** ** | ** **     | ** ** | ** **                                         | ** ** | ** ** | ** ** | **Charged** | ** ** | ** ** | ** ** | ** ** | ** ** | **Credited** | ** ** | **of** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                 | ** ** | **Yield**                  | ** ** | **accounts**                                           | ** ** | **Amount**    | ** ** | ** **     | ** ** | **Charged**                                        | ** ** | **Reserve** | ** ** | **to other** | ** ** | ** ** | ** ** | **Cash** | ** ** | **to other** | ** ** | **accounts** | ** ** | **Amount** | ** ** | ** ** | ** ** |
| ** **                                                 | ** ** | **to maturity**       | ** ** | **with**                                               | ** ** | **of**        | ** ** | **Amount**     | ** ** | **to profit**                                 | ** ** | **payments by** | ** ** | **accounts** | ** ** | ** ** | ** ** | **surrenders** | ** ** | **accounts** | ** ** | **with** | ** ** | **of** | ** ** | **Amount** | ** ** |
| ** **                                                 | ** ** | **on an annual** | ** ** | **security**                                           | ** ** | **maturity**  | ** ** | **of**         | ** ** | **and loss**                                  | ** ** | **certificate** | ** ** | **(per** | ** ** | ** ** | ** ** | **prior to** | ** ** | **(per** | ** ** | **security** | ** ** | **maturity** | ** ** | **of** | ** ** |
| **Description**                                            | ** ** | **payment basis**     | ** ** | **holders**                                            | ** ** | **value**     | ** ** | **reserves**   | ** ** | **or income**                                 | ** ** | **holders** | ** ** | **part 2)** | ** ** | **Maturities** | ** ** | **maturity** | ** ** | **part 2)** | ** ** | **holders** | ** ** | **value** | ** ** | **reserves** | ** ** |
| Installment   Certificates:                                |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Reserves   to Mature:                                      |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| I-76,    “  “  “             |       | 3.35                       |       | 3                                                      |       | 55            |       | 50             |       | 1                                                  |       | — |   | — |   | (31 | ) | — |   | — |   | 1 |   | 25 |   | 20 |   |
| Reserve   Plus Flex Payment                                |       |                       |       | 1                                                      |       | 6             |       | 3              |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 1 |   | 6 |   | 3 |   |
| IC-Q-IN                                                    |       |                       |       | 8                                                      |       | 96            |       | 47             |       | —                                             |       | 2 |   | — |   | (12 | ) | (26 | ) | — |   | 3 |   | 48 |   | 11 |   |
| IC-I                                                       |       |                       |       | 11                                                     |       | 147           |       | 92             |       | —                                             |       | 7 |   | — |   | (12 | ) | (49 | ) | — |   | 4 |   | 59 |   | 38 |   |
| IC-I-EMP                                                   |       |                       |       | 4                                                      |       | 90            |       | 41             |       | —                                             |       | 1 |   | — |   | — |   | (32 | ) | — |   | 1 |   | 6 |   | 10 |   |
| Inst   I95                                                 |       |                       |       | 4,203                                                  |       | —        |       | 30,129         |       | 1                                                  |       | 6,918 |   | 93 |   | (1,942 | ) | (9,508 | ) | — |   | 3,437 |   | — |   | 25,691 |   |
| Inst-E                                                     |       |                       |       | 24                                                     |       | —        |       | 139            |       | —                                             |       | 129 |   | — |   | — |   | (60 | ) | — |   | 21 |   | — |   | 208 |   |
| RP-Q-Installment                                           |       |                       |       | 3                                                      |       | 22            |       | 8              |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 3 |   | 22 |   | 8 |   |
| RP-Q-Flexible   Payment                                    |       |                       |       | 1                                                      |       | 12            |       | 11             |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 1 |   | 12 |   | 11 |   |
| RP-Q-Ins                                                   |       |                       |       | 2                                                      |       | 12            |       | 2              |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 2 |   | 12 |   | 2 |   |
| Inst-R                                                     |       |                       |       | 305                                                    |       | 52,918        |       | 2,044          |       | —                                             |       | 994 |   | 8 |   | (30 | ) | (851 | ) | — |   | 321 |   | 64,605 |   | 2,165 |   |
| Inst-R-E                                                   |       |                       |       | 5                                                      |       | 648           |       | 23             |       | —                                             |       | 7 |   | — |   | — |   | (10 | ) | — |   | 3 |   | 42 |   | 20 |   |
|                                                       |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                      |       |                       |       | 4,570                                                  |       | 54,006        |       | 32,589         |       | 2                                                  |       | 8,058 |   | 101 |   | (2,027 | ) | (10,536 | ) | — |   | 3,798 |   | 64,837 |   | 28,187 |   |
|                                                       |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Additional   credits and accrued interest thereon: 2030,31 |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| “   I-76,  “  “  “      |       | 3.5                        |       | —                                                 |       | —        |       | 5              |       | —                                             |       | — |   | — |   | (2 | ) | — |   | — |   | — |   | — |   | 3 |   |
| “   Inst I95                                          |       |                       |       | —                                                 |       | —        |       | 5              |       | 88                                                 |       | — |   | — |   | — |   | — |   | (93 | ) | — |   | — |   | — |   |
| “   Inst-R                                            |       |                       |       | —                                                 |       | —        |       | —         |       | 8                                                  |       | — |   | — |   | — |   | — |   | (8 | ) | — |   | — |   | — |   |
|                                                       |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                      |       |                       |       | —                                                 |       | —        |       | 10             |       | 96                                                 |       | — |   | — |   | (2 | ) | — |   | (101 | ) | — |   | — |   | 3 |   |
| ** **                                                 | ** ** | ** **                 | ** ** | ** **                                             | ** ** | ** **    | ** ** | ** **     | ** ** | ** **                                         | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| Res   for accrued 3rd year 2113 - Installment Prod only.   |       |                       |       | —                                                 |       | —        |       | 289            |       | 226                                                |       | (277 | ) | — |   | — |   | — |   | — |   | — |   | — |   | 238 |   |
|                                                       |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total                                                      |       |                       |       | —                                                 |       | —        |       | 289            |       | 226                                                |       | (277 | ) | — |   | — |   | — |   | — |   | — |   | — |   | 238 |   |
|                                                       |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total   Installment Certificates                           | ** ** | ** **                 | ** ** | **4,570**                                              | ** ** | **54,006**    | ** ** | **32,888**     | ** ** | **324**                                            | ** ** | **7,781** | ** ** | **101** | ** ** | **(2,029** | **)** | **(10,536** | **)** | **(101** | **)** | **3,798** | ** ** | **64,837** | ** ** | **28,428** | ** ** |
|                                                       |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Single   Pay - Non Qualified Certificates                  |       |                       |       |                                                   |       |          |       |           | ** ** | ** **                                         | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |   |   |   |   |   |   |   |   |   |
| Single-Payment   certificates:                             |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| IC-2-84   - 115, 116,117,118,119                           |       | 3.5                        |       | 2                                                      |       | 4             |       | 4              |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 2 |   | 4 |   | 4 |   |
| IC-2-85   - 120,121,122,123.124,125,126,127,128,129,130    |       | 3.5                        |       | 2                                                      |       | 20            |       | 22             |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 2 |   | 20 |   | 22 |   |
| IC-2-87   - 132                                            |       | 3.5                        |       | 1                                                      |       | 4             |       | 5              |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 1 |   | 4 |   | 5 |   |
| IC-Flexible   Savings (Variable Term) - 165                |       |                       |       | 82,028                                                 |       | 1,160,441     |       | 1,247,196      |       | —                                             |       | 427,738 |   | 12,597 |   | (1,297 | ) | (389,305 | ) | — |   | 74,728 |   | 1,219,154 |   | 1,296,929 |   |
| IC-Flexible   Savings Emp (VT) - 166                       |       |                       |       | 111                                                    |       | 1,063         |       | 1,456          |       | —                                             |       | 7 |   | 11 |   | (224 | ) | (164 | ) | — |   | 77 |   | 805 |   | 1,086 |   |
| IC-Preferred   Investors - 250                             |       |                       |       | 2                                                      |       | 558           |       | 574            |       | —                                             |       | — |   | 2 |   | — |   | — |   | — |   | 2 |   | 558 |   | 576 |   |
| Cash   Reserve Variable PMT-3mo. - 662                     |       |                       |       | 12,201                                                 |       | 65,211        |       | 67,998         |       | —                                             |       | 865,575 |   | 1,132 |   | (635 | ) | (164,990 | ) | — |   | 24,974 |   | 765,998 |   | 769,080 |   |
| IC-Future   Value - 155                                    |       |                       |       | 1                                                      |       | 3             |       | 3              |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | 1 |   | 3 |   | 3 |   |
| IC-Stock   Market - 180                                    |       |                       |       | 32,110                                                 |       | 233,991       |       | 262,252        |       | —                                             |       | 32,154 |   | 3,872 |   | (6,544 | ) | (65,076 | ) | — |   | 26,770 |   | 204,200 |   | 226,658 |   |
| IC-MSC   - 181                                             |       |                       |       | 15,508                                                 |       | 258,705       |       | 287,470        |       | —                                             |       | 32,652 |   | 3,742 |   | — |   | (47,466 | ) | — |   | 14,229 |   | 249,543 |   | 276,398 |   |
| * *                                                   |       |                       | * *   | * *                                               | * *   | * *      |       |           | * *   | * *                                           | * *   | * * | * * | * * | * * | * * | * * | * * | * * | * * | * * | * * | * * | * * | * * | * * | * * |
| Total                                                      |       |                       |       | 141,966                                                |       | 1,720,000     |       | 1,866,980      |       | —                                             |       | 1,358,126 |   | 21,356 |   | (8,700 | ) | (667,001 | ) | — |   | 140,786 |   | 2,440,289 |   | 2,570,761 |   |
|                                                       |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Additional   credits and accrued interest thereon:         |       |                       |       |                                                   |       |          |       |           |       |                                               |       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| IC-2-84                                                    |       | 3.5                        |       | —                                                 |       | —        |       | 2              |       | —                                             |       | — |   | — |   | — |   | — |   | — |   | — |   | — |   | 2 |   |
| IC-Flexible   Savings                                      |       |                       |       | —                                                 |       | —        |       | 548            |       | 13,232                                             |       | — |   | — |   | — |   | (630 | ) | (12,609 | ) | — |   | — |   | 541 |   |
| IC-Preferred   Investors                                   |       |                       |       | —                                                 |       | —        |       | —         |       | 4                                                  |       | — |   | — |   | — |   | (1 | ) | (2 | ) | — |   | — |   | 1 |   |
| IC-FS-EMP                                                  |       |                       |       | —                                                 |       | —        |       | 1              |       | 14                                                 |       | — |   | — |   | — |   | (3 | ) | (11 | ) | — |   | — |   | 1 |   |
| Cash   Reserve Variable Payment-3mo.                       |       |                       |       | —                                                 |       | —        |       | 13             |       | 1,290                                              |       | — |   | — |   | — |   | (10 | ) | (1,134 | ) | — |   | — |   | 159 |   |
| IC-Future   Value                                          |       |                       |       | —                                                 |       | —        |       | 7              |       | 1                                                  |       | — |   | — |   | — |   | — |   | — |   | — |   | — |   | 8 |   |

 

F-59

----

Table of Contents

 
| IC-Stk Mkt, 2004/16/31-4000/16                                                        |       |       |       | —      |       | —        |       | 49            |       | 72         |       | —        |       | —     |       | —     |       | (6           | )          | (79         | )          | —      |       | —        |       | 36            |       |
|---------------------------------------------------------------------------------------|------------|------------|------------|-------------|------------|---------------|------------|---------------|------------|------------|------------|---------------|------------|------------|------------|------------|------------|--------------|------------|-------------|------------|-------------|------------|---------------|------------|---------------|------------|
| IC-MSC                                                                                |       |       |       | —      |       | —        |       | 18            |       | 57         |       | —        |       | —     |       | —     |       | (1           | )          | (57         | )          | —      |       | —        |       | 17            |       |
| * *                                                                              | * *   | * *   | * *   | * *    | * *   | * *      | * *   | * *      | * *   | * *   | * *   | * *      | * *   | * *   | * *   | * *   | * *   | * *     | * *   | * *    | * *   | * *    | * *   | * *      | * *   | * *      | * *   |
| Total                                                                                 |       |       |       | —      |       | —        |       | 638           |       | 14,670     |       | —        |       | —     |       | —     |       | (651         | )          | (13,892     | )          | —      |       | —        |       | 765           |       |
|                                                                                  |       |       |       |        |       |          |       |          |       |       |       |          |       |       |       |       |       |         |       |        |       |        |       |          |       |          |       |
| Accrued for additional credits to be allowed at   next anniversaries:                 |       |       |       |        |       |          |       |          |       |       |       |          |       |       |       |       |       |         |       |        |       |        |       |          |       |          |       |
| SP 75                                                                                 |       |       |       | —      |       | —        |       | (1            | )          | —     |       | —        |       | —     |       | —     |       | —       |       | —      |       | —      |       | —        |       | (1            | )          |
| IC-Stock                                                                              |       |       |       | —      |       | —        |       | 1,207         |       | 5,788      |       | —        |       | —     |       | —     |       | (83          | )          | (3,798      | )          | —      |       | —        |       | 3,114         |       |
| IC-Market Strategy Certificate - Part Int   2019/2102/4061 (SEC 5 from C2785-81) |       |       |       | —      |       | —        |       | 1,331         |       | 5,838      |       | —        |       | —     |       | —     |       | (118         | )          | (3,688      | )          | —      |       | —        |       | 3,363         |       |
| * *                                                                              | * *   | * *   | * *   | * *    | * *   | * *      | * *   | * *      | * *   | * *   | * *   | * *      | * *   | * *   | * *   | * *   | * *   | * *     | * *   | * *    | * *   | * *    | * *   | * *      | * *   | * *      | * *   |
| Total                                                                                 |       |       |       | —      |       | —        |       | 2,537         |       | 11,626     |       | —        |       | —     |       | —     |       | (201         | )          | (7,486      | )          | —      |       | —        |       | 6,476         |       |
|                                                                                  |       |       |       |        |       |          |       |          |       |       |       |          |       |       |       |       |       |         |       |        |       |        |       |          |       |          |       |
| Total Single Pay - Non Qualified Certificates                                         | ** ** | ** ** | ** ** | **141,966** | ** ** | **1,720,000** | ** ** | **1,870,155** | ** ** | **26,296** | ** ** | **1,358,126** | ** ** | **21,356** | ** ** | **(8,700** | **)**      | **(667,853** | **)**      | **(21,378** | **)**      | **140,786** | ** ** | **2,440,289** | ** ** | **2,578,002** | ** ** |
| ** **                                                                            | ** ** | ** ** | ** ** | ** **  | ** ** | ** **    | ** ** | ** **    | ** ** | ** ** | ** ** | ** **    | ** ** | ** ** | ** ** | ** ** | ** ** | ** **   | ** ** | ** **  | ** ** | ** **  | ** ** | ** **    | ** ** | ** **    | ** ** |
| R-Series Single Pay - Qualified Certificates                                     |       |       |       |        |       |          |       |          | ** ** | ** ** | ** ** | ** **    | ** ** | ** ** | ** ** | ** ** | ** ** | ** **   |       |        |       |        |       |          |       |          |       |
| R-77 - 910                                                                            |       | 3.5        |       | 4           |       | 14            |       | 20            |       | —     |       | —        |       | 1          |       | —     |       | (4           | )          | —      |       | 3           |       | 12            |       | 17            |       |
| R-78 - 911                                                                            |       | 3.5        |       | 8           |       | 48            |       | 60            |       | —     |       | —        |       | 2          |       | —     |       | (7           | )          | —      |       | 7           |       | 43            |       | 55            |       |
| R-79 - 912                                                                            |       | 3.5        |       | 8           |       | 46            |       | 56            |       | —     |       | —        |       | 2          |       | —     |       | (3           | )          | —      |       | 6           |       | 44            |       | 55            |       |
| R-80 - 913                                                                            |       | 3.5        |       | 8           |       | 44            |       | 49            |       | —     |       | —        |       | 2          |       | —     |       | (22          | )          | —      |       | 5           |       | 26            |       | 29            |       |
| R-81 - 914                                                                            |       | 3.5        |       | 6           |       | 36            |       | 36            |       | —     |       | —        |       | 1          |       | —     |       | (1           | )          | —      |       | 5           |       | 34            |       | 36            |       |
| R-82A - 915                                                                           |       | 3.5        |       | 20          |       | 85            |       | 77            |       | —     |       | —        |       | 3          |       | —     |       | (4           | )          | —      |       | 19          |       | 82            |       | 76            |       |
| RP-Q - 916                                                                            |       |       |       | 67          |       | 94            |       | 274           |       | —     |       | —        |       | 1          |       | —     |       | (19          | )          | —      |       | 62          |       | 87            |       | 256           |       |
| R-II - 920                                                                            |       | 3.5        |       | 18          |       | 121           |       | 86            |       | —     |       | —        |       | 3          |       | —     |       | (4           | )          | —      |       | 16          |       | 116           |       | 85            |       |
| RP-Flexible Savings - 971                                                             |       |       |       | 33,623      |       | 610,539       |       | 642,620       |       | —     |       | 159,276       |       | 6,468      |       | (59        | )          | (197,934     | )          | —      |       | 30,392      |       | 582,586       |       | 610,371       |       |
| Cash Reserve RP-3 mo. - 972                                                           |       |       |       | 1,797       |       | 9,518         |       | 10,159        |       | —     |       | 112,573       |       | 166        |       | (98        | )          | (24,204      | )          | —      |       | 3,985       |       | 98,032        |       | 98,596        |       |
| RP-Flexible Savings Emp - 973                                                         |       |       |       | 42          |       | 449           |       | 608           |       | —     |       | —        |       | 6          |       | —     |       | (117         | )          | —      |       | 34          |       | 381           |       | 497           |       |
| RP-Stock Market - 960                                                                 |       |       |       | 8,342       |       | 91,469        |       | 99,361        |       | —     |       | 13,194        |       | 1,510      |       | (421       | )          | (25,317      | )          | —      |       | 7,477       |       | 81,582        |       | 88,327        |       |
| Market Strategy Cert - 961                                                            |       |       |       | 3,214       |       | 78,756        |       | 85,034        |       | —     |       | 9,267         |       | 1,112      |       | —     |       | (17,514      | )          | —      |       | 2,974       |       | 72,388        |       | 77,899        |       |
| D-1 - sum of SERIES D on Summary page - 400 +   990-993                          |       |       |       | 27          |       | 2,464         |       | 3,055         |       | —     |       | 174           |       | 25         |       | —     |       | (607         | )          | —      |       | 23          |       | 2,198         |       | 2,647         |       |
| * *                                                                              | * *   | * *   | * *   | * *    | * *   | * *      | * *   | * *      | * *   | * *   | * *   | * *      | * *   | * *   | * *   | * *   | * *   | * *     | * *   | * *    | * *   | * *    | * *   | * *      | * *   | * *      | * *   |
| Total                                                                                 |       |       |       | 47,184      |       | 793,683       |       | 841,495       |       | —     |       | 294,484       |       | 9,302      |       | (578       | )          | (265,757     | )          | —      |       | 45,008      |       | 837,611       |       | 878,946       |       |
|                                                                                  |       |       |       |        |       |          |       |          |       |       |       |          |       |       |       |       |       |         |       |        |       |        |       |          |       |          |       |
| 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          |       | —        |       | —     |       | —     |       | —       |       | (2          | )          | —      |       | —        |       | —        |       |
| R-81                                                                                  |       | 3.5        |       | —      |       | —        |       | 1             |       | 1          |       | —        |       | —     |       | —     |       | —       |       | (1          | )          | —      |       | —        |       | 1             |       |
| R-82A                                                                                 |       | 3.5        |       | —      |       | —        |       | 2             |       | 3          |       | —        |       | —     |       | —     |       | —       |       | (3          | )          | —      |       | —        |       | 2             |       |
| RP-Q                                                                                  |       |       |       | —      |       | —        |       | —        |       | 1          |       | —        |       | —     |       | —     |       | —       |       | (1          | )          | —      |       | —        |       | —        |       |
| R-II                                                                                  |       | 3.5        |       | —      |       | —        |       | 2             |       | 3          |       | —        |       | —     |       | —     |       | —       |       | (3          | )          | —      |       | —        |       | 2             |       |
| RP-Flexible Savings                                                                   |       |       |       | —      |       | —        |       | 277           |       | 6,618      |       | —        |       | —     |       | —     |       | (178         | )          | (6,468      | )          | —      |       | —        |       | 249           |       |
| Cash Reserve RP-3 mo.                                                                 |       |       |       | —      |       | —        |       | 3             |       | 184        |       | —        |       | —     |       | —     |       | (1           | )          | (166        | )          | —      |       | —        |       | 20            |       |
| RP-Flexible Savings Emp                                                               |       |       |       | —      |       | —        |       | —        |       | 6          |       | —        |       | —     |       | —     |       | —       |       | (6          | )          | —      |       | —        |       | —        |       |
| RP-Stock Market                                                                       |       |       |       | —      |       | —        |       | 17            |       | 25         |       | —        |       | —     |       | —     |       | (1           | )          | (27         | )          | —      |       | —        |       | 14            |       |
| Market Strategy Cert                                                                  |       |       |       | —      |       | —        |       | 10            |       | 19         |       | —        |       | —     |       | —     |       | —       |       | (20         | )          | —      |       | —        |       | 9             |       |
| D-1 - 400                                                                             |       |       |       | 13          |       | 48            |       | (1            | )          | 32         |       | —        |       | —     |       | —     |       | (6           | )          | (25         | )          | 12          |       | 48            |       | —        |       |
| * *                                                                              | * *   | * *   | * *   | * *    | * *   | * *      | * *   | * *      | * *   | * *   | * *   | * *      | * *   | * *   | * *   | * *   | * *   | * *     | * *   | * *    | * *   | * *    | * *   | * *      | * *   | * *      | * *   |
| Total                                                                                 |       |       |       | 13          |       | 48            |       | 318           |       | 6,898      |       | —        |       | —     |       | —     |       | (186         | )          | (6,727      | )          | 12          |       | 48            |       | 303           |       |
|                                                                                  |       |       |       |        |       |          |       |          |       |       |       |          |       |       |       |       |       |         |       |        |       |        |       |          |       |          |       |
| Accrued for additional credits to be allowed at   next anniversaries                  |       |       |       |        |       |          |       |          |       |       |       |          |       |       |       |       |       |         |       |        |       |        |       |          |       |          |       |
| RP-Stock Market                                                                       |       |       |       | —      |       | —        |       | 431           |       | 2,284      |       | —        |       | —     |       | —     |       | (6           | )          | (1,483      | )          | —      |       | —        |       | 1,226         |       |
| Market Strategy Cert                                                                  |       |       |       | —      |       | —        |       | 394           |       | 1,687      |       | —        |       | —     |       | —     |       | (33          | )          | (1,092      | )          | —      |       | —        |       | 956           |       |
| * *                                                                              | * *   | * *   | * *   | * *    | * *   | * *      | * *   | * *      | * *   | * *   | * *   | * *      | * *   | * *   | * *   | * *   | * *   | * *     | * *   | * *    | * *   | * *    | * *   | * *      | * *   | * *      | * *   |
| Total                                                                                 |       |       |       | —      |       | —        |       | 825           |       | 3,971      |       | —        |       | —     |       | —     |       | (39          | )          | (2,575      | )          | —      |       | —        |       | 2,182         |       |
|                                                                                  |       |       |       |        |       |          |       |          |       |       |       |          |       |       |       |       |       |         |       |        |       |        |       |          |       |          |       |
| Total R-Series Single Pay - Qualified Certificates                               | ** ** | ** ** | ** ** | **47,197**  | ** ** | **793,731**   | ** ** | **842,638**   | ** ** | **10,869** | ** ** | **294,484**   | ** ** | **9,302**  | ** ** | **(578**   | **)**      | **(265,982** | **)**      | **(9,302**  | **)**      | **45,020**  | ** ** | **837,659**   | ** ** | **881,431**   | ** ** |
| ** **                                                                            | ** ** | ** ** | ** ** | ** **  | ** ** | ** **    | ** ** | ** **    | ** ** | ** ** | ** ** | ** **    | ** ** | ** ** | ** ** | ** ** | ** ** | ** **   | ** ** | ** **  | ** ** | ** **  | ** ** | ** **    | ** ** | ** **    | ** ** |
| Fully Paid Up Certificates                                                            |       |       |       |        |       |          |       |          |       |       |       |          |       |       |       |       |       |         |       |        |       |        |       |          |       |          |       |
| Paid-up certificates: 2060, 62, 63                                                    |       |       |       |        |       |          |       |          |       |       | ** ** | ** **    | ** ** | ** ** | ** ** | ** ** | ** ** | ** **   |       |        |       |        |       |          |       |          |       |
| “  I-76 - 640                                                               |       | 3.5        |       | —      |       | —        |       | 229           |       | 4          |       | —        |       | —     |       | (170       | )          | (1           | )          | —      |       | —      |       | —        |       | 62            |       |

 

F-60

----

Table of Contents

 
| Total                                                                |       |        |       | —      |       | —        |       | 229           |       | 4          |       | —        |       | —     |       | (170        | )          | (1           | )          | —      |       | —      |       | —        |       | 62            |       |
|----------------------------------------------------------------------|------------|-------------|------------|-------------|------------|---------------|------------|---------------|------------|------------|------------|---------------|------------|------------|------------|-------------|------------|--------------|------------|-------------|------------|-------------|------------|---------------|------------|---------------|------------|
|                                                                 |       |        |       |        |       |          |       |          |       |       |       |          |       |       |       |        |       |         |       |        |       |        |       |          |       |          |       |
| Additional credits and accrued interest thereon:                     |       |        |       |        |       |          |       |          |       |       |       |          |       |       |       |        |       |         |       |        |       |        |       |          |       |          |       |
| “  I-76                                                    |       | 3.5         |       | 40          |       | 234           |       | 17            |       | —     |       | —        |       | —     |       | (12         | )          | —       |       | —      |       | 14          |       | 64            |       | 5             |       |
|                                                                 |       |        |       |        |       |          |       |          |       |       |       |          |       |       |       |        |       |         |       |        |       |        |       |          |       |          |       |
| Total                                                                |       |        |       | 40          |       | 234           |       | 17            |       | —     |       | —        |       | —     |       | (12         | )          | —       |       | —      |       | 14          |       | 64            |       | 5             |       |
|                                                                 |       |        |       |        |       |          |       |          |       |       |       |          |       |       |       |        |       |         |       |        |       |        |       |          |       |          |       |
| Total Fully Paid-up Certificates                                     |       |        | ** ** | **40**      | ** ** | **234**       | ** ** | **246**       | ** ** | **4**      | ** ** | **—**    | ** ** | **—** | ** ** | **(182**    | **)**      | **(1**       | **)**      | **—**  | ** ** | **14**      | ** ** | **64**        | ** ** | **67**        | ** ** |
|                                                                 |       |        |       |        |       |          |       |          |       |       |       |          |       |       |       |        |       |         |       |        |       |        |       |          |       |          |       |
| Optional Settlement Certificates                                     | ** ** | ** **  |       |        |       |          |       |          | ** ** | ** ** | ** ** | ** **    | ** ** | ** ** | ** ** | ** **  | ** ** | ** **   | ** ** | ** **  |       |        |       |          |       |          |       |
| Other series and conversions from Single Payment   Certificates      |       | 2.5-3-3-3.5 |       | —      |       | —        |       | 29,660        |       | 893        |       | —        |       | 57         |       | (2,258      | )          | (2,165       | )          | —      |       | —      |       | —        |       | 26,187        |       |
| Series R-II & RP-2-84 - 88 - Prod   921                |       | 3.5         |       | —      |       | —        |       | 47            |       | 2          |       | —        |       | —     |       | (3          | )          | —       |       | —      |       | —      |       | —        |       | 46            |       |
| Reserve Plus Single-Payment (Prod 150)                               |       |        |       | —      |       | —        |       | 50            |       | —     |       | —        |       | —     |       | (11         | )          | (11          | )          | —      |       | —      |       | —        |       | 28            |       |
| Reserve Plus Flex-Pay & IC-Q-Inst (Prod   650, 651, 652)    |       |        |       | —      |       | —        |       | 11            |       | —     |       | —        |       | —     |       | —      |       | (6           | )          | —      |       | —      |       | —        |       | 5             |       |
| Series R-Installment (Prod 980, 981,982)                        |       |        |       | —      |       | —        |       | 19            |       | —     |       | —        |       | —     |       | —      |       | —       |       | —      |       | —      |       | —        |       | 19            |       |
| Add’l credits and accrued int. thereon                          |       | 2.5 - 3     |       | —      |       | —        |       | 2,084         |       | 59         |       | —        |       | 3          |       | (178        | )          | (254         | )          | (58         | )          | —      |       | —        |       | 1,656         |       |
| Accrued for additional credits to be allowed at   next anniversaries |       |        |       | —      |       | —        |       | —        |       | 3          |       | —        |       | —     |       | —      |       | —       |       | (3          | )          | —      |       | —        |       | —        |       |
|                                                                 |       |        |       |        |       |          |       |          |       |       |       |          |       |       |       |        |       |         |       |        |       |        |       |          |       |          |       |
| Total Optional Settlement                                            |       |        | ** ** | **—**  | ** ** | **—**    | ** ** | **31,871**    | ** ** | **957**    | ** ** | **—**    | ** ** | **60**     | ** ** | **(2,450**  | **)**      | **(2,436**   | **)**      | **(61**     | **)**      | **—**  | ** ** | **—**    | ** ** | **27,941**    | ** ** |
|                                                                 |       |        |       |        |       |          |       |          |       |       |       |          |       |       |       |        |       |         |       |        |       |        |       |          |       |          |       |
| Due to unlocated cert holders                                        | ** ** | ** **  | ** ** | **—**  | ** ** | **—**    |       | 139           |       | —     |       | —        |       | 40         |       | —      |       | —       |       | (85         | )          | **—**  | ** ** | **—**    |       | 94            |       |
|                                                                 |       |        |       |        |       |          |       |          |       |       |       |          |       |       |       |        |       |         |       |        |       |        |       |          |       |          |       |
| **Total   Certificate Reserves**                                     | ** ** | ** **  | ** ** | **193,773** | ** ** | **2,567,971** | ** ** | **2,777,937** | ** ** | **38,450** | ** ** | **1,660,391** | ** ** | **30,859** | ** ** | **(13,939** | **)**      | **(946,808** | **)**      | **(30,927** | **)**      | **189,618** | ** ** | **3,342,849** | ** ** | **3,515,963** | ** ** |

 

F-61

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Table of Contents

 

**Ameriprise Certificate Company**

**Certificate Reserves**

**(In thousands)**

**December 31, 2012**

 
| Part 2 - Descriptions of Additions to Reserves Charged to Other                                                                   | ** ** | ** ** | ** ** |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|------------|------------|
|                                                                                                                                                                                |       |       |       |
| Accounts and Deductions from Reserves Credited to   Other Accounts                                                                                                                  |       |       |       |
|                                                                                                                                                                                |       |       |       |
| Additional credits on installment certificates and   accrued interest thereon:                                                                                                      |       |       |       |
| Other additions represent:                                                                                                                                                          |       |       |       |
| Transfers from maturities to extended maturities,   additional credits/interest and advance payments                                                                                |       | $          | 102        |   |
| ** **                                                                                                                                                                          |       | $          | 102        |   |
| Other deductions represent:                                                                                                                                                         |       |       |       |
| Transfers to reserves on a quarterly basis for   Reserve Plus Flexible-                                                                                                             |       |       |       |
| Payment, IC-Q-Installment and   R-Flexible-Payment                                                                                                                             |       | $          | 102        |   |
| ** **                                                                                                                                                                          |       | $          | 102        |   |
| ** **                                                                                                                                                                          | ** ** | ** ** | ** ** |
| Optional settlement certificates:                                                                                                                                                   |       |       |       |
| Other additions represent:                                                                                                                                                          |       |       |       |
| Transfers from installment certificate reserves   (less surrender charges), single-payment and Series D certificate   reserves upon election of optional settlement privileges |       | $          | 57         |   |
| Transfers from accruals for additional credits to   be allowed at next anniversaries                                                                                                |       | 3          |       |
| ** **                                                                                                                                                                          |       | $          | 60         |   |
| Other deductions represent:                                                                                                                                                         |       |       |       |
| Transfers to reserve for additional credits and   accrued interest thereon                                                                                                          |       | $          | 3          |   |
| Transfers to optional settlement reserves                                                                                                                                           |       | 58         |       |
| ** **                                                                                                                                                                          |       | $          | 61         |   |
| Single-Payment certificates:                                                                                                                                                        |       |       |       |
| Other additions represent:                                                                                                                                                          |       |       |       |
| Flexible Savings                                                                                                                                                                    |       | $          | 12,596     |   |
| Flexible Savings-Emp                                                                                                                                                                |       | 11         |       |
| Preferred Investors                                                                                                                                                                 |       | 2          |       |
| Cash Reserve-3mo                                                                                                                                                                    |       | 1,132      |       |
| Stock Market                                                                                                                                                                        |       | 3,872      |       |
| Market Strategy                                                                                                                                                                     |       | 3,742      |       |
| RP-Q                                                                                                                                                                                |       | 1          |       |
| Cash Reserve-RP-3mo                                                                                                                                                                 |       | 166        |       |
| Flexible Saving-RP                                                                                                                                                                  |       | 6,468      |       |
| Flexible Savings-RP-Emp                                                                                                                                                             |       | 6          |       |
| Stock Market-RP                                                                                                                                                                     |       | 1,510      |       |
| Market Strategy-RP                                                                                                                                                                  |       | 1,112      |       |
| Transfers from accruals at anniversaries   maintained in a separate reserve account.                                                                                                |       | 38         |       |
| ** **                                                                                                                                                                          |       | $          | 30,656     |   |

 

F-62

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Table of Contents

 

**Ameriprise Certificate Company**

**Certificate Reserves**

**(In thousands)**

**December 31, 2012**

 
| Part 2 - Descriptions of Additions to   Reserves Charged to Other            |   |   |   |
|-----------------------------------------------------------------------------------|--------|--------|--------|
|                                                                              |   |   |   |
| Accounts and Deductions from Reserves Credited to   Other Accounts                |   |   |   |
|                                                                              |   |   |   |
| Single-Payment certificates continued:                                            |   |   |   |
| Other deductions represent:                                                       |   |   |   |
| Transfers to optional settlement reserves:                                        |   |   |   |
| Single-Payment                                                                    |   | $      | 8,672  |   |
| Transfers to reserves for additional credits and   accrued interest thereon       |   | (38    | )      |
| Flexible Savings                                                                  |   | 12,621 |   |
| Flexible Savings-Emp                                                              |   | 11     |   |
| Preferred Investors                                                               |   | 2      |   |
| Investors                                                                         |   | 2      |   |
| Cash Reserve-3mo                                                                  |   | 1,136  |   |
| Stock Market                                                                      |   | 5      |   |
| Market Strategy Cert                                                              |   | 79     |   |
| AEBI Stock Market                                                                 |   | 57     |   |
| RP-Q                                                                              |   | 1      |   |
| Cash Reserve-RP-3mo                                                               |   | 166    |   |
| Flexible Saving-RP                                                                |   | 6,468  |   |
| Flexible Savings-RP-Emp                                                           |   | 6      |   |
| Stock Market-RP                                                                   |   | 1,510  |   |
| Transfers to Federal tax withholding                                              |   | (19    | )      |
| ** **                                                                        |   | $      | 30,679 |   |
|                                                                              |   |   |   |
| Due to unlocated certificate holders:                                             |   |   |   |
| Other additions represent:                                                        |   |   |   |
| Amounts equivalent to payments due certificate   holders who could not be located |   | $      | 41     |   |
|                                                                              |   |   |   |
| Other deductions represent:                                                       |   |   |   |
| Payments to certificate holders credited to cash                                  |   | $      | 85     |   |

 

F-63

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Table of Contents

 
| **AMERIPRISE CERTIFICATE COMPANY, INC.** | **CERTIFICATE RESERVES SCHEDULE VI** | ** ** |
|-----------------------------------------------|--------------------------------------|------------|
| **PART 3**                               |                                 |       |
| **December 31, 2012**                    |                                 |       |

** **

**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**    | ** ** |
|-------------------------|------------|---------------------------------------------------------------------|------------|---------------------------------------------|------------|----------------------------------|------------|-----------------------------------------------------------------------------------------------------|------------|--------------|------------|
| ** **              | ** ** | ** **                                                          | ** ** | **2011**                                    | ** ** | **2012**                         | ** ** | **2011**                                                                                            | ** ** | **2012**     | ** ** | **2011** | ** ** | **2012** | ** ** | **2012** | ** ** | **2012** | ** ** |
|                    |       |                                                                |       |                                        |       |                             |       |                                                                                                |       |         |       |   |   |   |   |   |   |   |   |
|                    |       | 1-12                                                                |       | 323                                         |       | 226                              |       | $                                                                                                   | 10,677     |         | $          | 21,598 |   | $ | 1,900 |   | $ | 880 |   | $ | 929 |   | $ | — |   |
|                    |       | 13-24                                                               |       | 274                                         |       | 248                              |       | 29,178                                                                                              |       | 8,024        |       | 1,124 |   | 890 |   | 172 |   | — |   |
|                    |       | 25-36                                                               |       | 676                                         |       | 235                              |       | 3,305                                                                                               |       | 29,033       |       | 4,120 |   | 1,253 |   | 110 |   | — |   |
|                    |       | 37-48                                                               |       | 534                                         |       | 593                              |       | 1,314                                                                                               |       | 3,150        |       | 3,465 |   | 4,983 |   | 313 |   | — |   |
|                    |       | 49-60                                                               |       | 387                                         |       | 490                              |       | 704                                                                                                 |       | 1,054        |       | 2,659 |   | 3,696 |   | 189 |   | — |   |
|                    |       | 61-72                                                               |       | 376                                         |       | 340                              |       | 489                                                                                                 |       | 559          |       | 3,445 |   | 2,676 |   | 262 |   | — |   |
|                    |       | 73-84                                                               |       | 499                                         |       | 283                              |       | 1,655                                                                                               |       | 222          |       | 4,198 |   | 2,476 |   | 1,146 |   | — |   |
|                    |       | 85-96                                                               |       | 628                                         |       | 418                              |       | 324                                                                                                 |       | 1,050        |       | 4,608 |   | 3,602 |   | 556 |   | — |   |
|                    |       | 97-108                                                              |       | 512                                         |       | 517                              |       | 5,984                                                                                               |       | 22           |       | 4,312 |   | 4,027 |   | 754 |   | — |   |
|                    |       | 109-120                                                             |       | 328                                         |       | 433                              |       | —                                                                                              |       | —       |       | 2,551 |   | 3,644 |   | 321 |   | — |   |
|                    |       | 121-132                                                             |       | 3                                           |       | —                           |       | —                                                                                              |       | —       |       | — |   | — |   | 571 |   | — |   |
|                    |       | 133-144                                                             |       | —                                      |       | 3                                |       | —                                                                                              |       | —       |       | — |   | 1 |   | — |   | — |   |
|                    |       | 145-156                                                             |       | 1                                           |       | —                           |       | —                                                                                              |       | —       |       | 1 |   | — |   | — |   | — |   |
|                    |       | 157-168                                                             |       | —                                      |       | 1                                |       | —                                                                                              |       | —       |       | — |   | 1 |   | — |   | — |   |
|                    |       | 169-180                                                             |       | 1                                           |       | —                           |       | —                                                                                              |       | —       |       | 1 |   | — |   | — |   | — |   |
|                    |       | 181-192                                                             |       | 2                                           |       | —                           |       | 72                                                                                                  |       | —       |       | 23 |   | — |   | — |   | — |   |
|                    |       | 193-204                                                             |       | 3                                           |       | —                           |       | 28                                                                                                  |       | —       |       | 24 |   | — |   | — |   | — |   |
|                    |       | 205-216                                                             |       | 4                                           |       | —                           |       | 66                                                                                                  |       | —       |       | 35 |   | — |   | 15 |   | — |   |
|                    |       | 217-228                                                             |       | 1                                           |       | —                           |       | 6                                                                                                   |       | —       |       | 1 |   | — |   | 26 |   | — |   |
|                    |       | 229-240                                                             |       | 4                                           |       | —                           |       | 42                                                                                                  |       | —       |       | 21 |   | — |   | 1 |   | — |   |
|                    |       | 241-252                                                             |       | 1                                           |       | 1                                |       | 36                                                                                                  |       | 6            |       | 1 |   | 6 |   | 16 |   | — |   |
|                    |       | 253-264                                                             |       | 2                                           |       | 1                                |       | 12                                                                                                  |       | 36           |       | 2 |   | — |   | 2 |   | — |   |
|                    |       | 265-276                                                             |       | —                                      |       | 2                                |       | —                                                                                              |       | 12           |       | — |   | 2 |   | — |   | — |   |
|                    |       | 277-288                                                             |       | 2                                           |       | —                           |       | 12                                                                                                  |       | —       |       | 20 |   | — |   | — |   | — |   |
|                    |       | 289-300                                                             |       | 1                                           |       | —                           |       | 6                                                                                                   |       | —       |       | 5 |   | — |   | 8 |   | — |   |
|                    |       | 301-312                                                             |       | 1                                           |       | 1                                |       | 12                                                                                                  |       | 6            |       | 11 |   | 6 |   | — |   | — |   |
|                    |       | 313-324                                                             |       | 3                                           |       | 2                                |       | 41                                                                                                  |       | 37           |       | 24 |   | 32 |   | — |   | — |   |
|                    |       | 325-336                                                             |       | —                                      |       | 2                                |       | —                                                                                              |       | 16           |       | — |   | 4 |   | — |   | — |   |
|                    |       | 337-348                                                             |       | 2                                           |       |                             |       | 12                                                                                                  |       | –– |       | 8 |   | — |   | — |   | –– |   |
|                    |       | 349-360                                                             |       | 2                                           |       | 2                                |       | 31                                                                                                  |       | 12           |       | 30 |   | 8 |   | — |   | — |   |
|                    |       |                                                                |       |                                        |       |                             |       |                                                                                                |       |         |       |   |   |   |   |   |   |   |   |
| TOTAL - ALL SERIES      |       |                                                                |       | 4,570                                       |       | 3,798                            |       | $                                                                                                   | 54,006     |         | $          | 64,837 |   | $ | 32,589 |   | $ | 28,187 |   | $ | 5,391 |   | $ | — |   |

 

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Table of Contents

 
| **Ameriprise Certificate Company**                    | **SCHEDULE VII** |
|-------------------------------------------------------|------------------|
| **Valuation and Qualifying Accounts**                 |             |
| **Years ended December 31, 2012, 2011 and 2010** |             |
| **(in thousands)**                                    |             |

 

**Year ended December 31, 2012**

 
| ** **                                        | ** ** | ** **         | ** ** | **Additions**     | ** ** | ** ** | ** ** | ** **                           | ** ** |
|---------------------------------------------------|------------|--------------------|------------|-------------------|------------|------------|------------|--------------------------------------|------------|
| **Reserves**                                      | ** ** | **Balance**        | ** ** | **Charged**       | ** ** | ** ** | ** ** | ** **                           | ** ** | **Balance** | ** ** |
| **deducted from **                      | ** ** | **at**             | ** ** | **to costs** | ** ** | ** ** | ** ** | **Change in**                   | ** ** | **at** | ** ** |
| **assets to **                          | ** ** | **beginning**      | ** ** | **and**           | ** ** | ** ** | ** ** | **reserves/writedowns**              | ** ** | **end** | ** ** |
| **which they apply**                    | ** ** | **of period** | ** ** | **expenses**      | ** ** | **Other**  | ** ** | **From 2011 to 2012** | ** ** | **of period** | ** ** |
|                                              |       |               |       |              |       |       |       |                                 |       |   |   |
| Allowance for losses:                             |       |               |       |              |       |       |       |                                 |       |   |   |
| Conventional first mortgage loans and other loans |       | $                  | 6,739      |              | —     |       | —     |                                 | 1,079      |   | $ | 5,660 |   |
|                                                   |            |                    |            |                   |            |            |            |                                      |            |  |  |  |  |

 

**Year ended December 31, 2011**

 
| ** **                                        | ** ** | ** **         | ** ** | **Additions**     | ** ** | ** ** | ** ** | ** **                           | ** ** |
|---------------------------------------------------|------------|--------------------|------------|-------------------|------------|------------|------------|--------------------------------------|------------|
| **Reserves**                                      | ** ** | **Balance**        | ** ** | **Charged**       | ** ** | ** ** | ** ** | ** **                           | ** ** | **Balance** | ** ** |
| **deducted from **                      | ** ** | **at**             | ** ** | **to costs** | ** ** | ** ** | ** ** | **Change in**                   | ** ** | **at** | ** ** |
| **assets to **                          | ** ** | **beginning**      | ** ** | **and**           | ** ** | ** ** | ** ** | **reserves/writedowns**              | ** ** | **end** | ** ** |
| **which they apply**                    | ** ** | **of period** | ** ** | **expenses**      | ** ** | **Other**  | ** ** | **From 2010 to 2011** | ** ** | **of period** | ** ** |
|                                              |       |               |       |              |       |       |       |                                 |       |   |   |
| Allowance for losses:                             |       |               |       |              |       |       |       |                                 |       |   |   |
| Conventional first mortgage loans and other loans |       | $                  | 7,857      |              | —     |       | —     |                                 | 1,118      |   | $ | 6,739 |   |
|                                                   |            |                    |            |                   |            |            |            |                                      |            |  |  |  |  |

 

**Year ended December 31, 2010**

 
| ** **                                        | ** ** | ** **         | ** ** | **Additions**     | ** ** | ** ** | ** ** | ** **                           | ** ** |
|---------------------------------------------------|------------|--------------------|------------|-------------------|------------|------------|------------|--------------------------------------|------------|
| **Reserves**                                      | ** ** | **Balance**        | ** ** | **Charged**       | ** ** | ** ** | ** ** | ** **                           | ** ** | **Balance** | ** ** |
| **deducted from **                      | ** ** | **at**             | ** ** | **to costs** | ** ** | ** ** | ** ** | **Change in**                   | ** ** | **at** | ** ** |
| **assets to **                          | ** ** | **beginning**      | ** ** | **and**           | ** ** | ** ** | ** ** | **reserves/writedowns**              | ** ** | **end** | ** ** |
| **which they apply**                    | ** ** | **of period** | ** ** | **expenses**      | ** ** | **Other**  | ** ** | **From 2009 to 2010** | ** ** | **of period** | ** ** |
|                                              |       |               |       |              |       |       |       |                                 |       |   |   |
| Allowance for losses:                             |       |               |       |              |       |       |       |                                 |       |   |   |
| Conventional first mortgage loans and other loans |       | $                  | 15,602     |              | —     |       | —     |                                 | 7,745      |   | $ | 7,857 |   |
|                                                   |            |                    |            |                   |            |            |            |                                      |            |  |  |  |  |

 

F-65

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Table of Contents

 

**EXHIBIT INDEX**

 

The following exhibits are filed as part of this Annual Report:

 
| **Exhibit** | ** ** | **Description**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|-------------|------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ** **  | ** ** | ** **                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| 3(a)        |       | Amended   and Restated Certificate of Incorporation of American Express Certificate   Company, dated Aug. 1, 2005, filed electronically on or about   March 10, 2006 as Exhibit 3(a) to Registrant’s   Form 10-K is incorporated by reference.                                                                                                                                                                                                                                                                             |
|        |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 3(b)        |       | 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.                                                                                                                                                                                                                                                                                                                                                                 |
|        |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10(a)       |       | Investment   Advisory and Services Agreement, dated Dec. 31, 2006, between   Registrant and Columbia Management Investment Advisers, LLC (formerly   RiverSource Investments, LLC), filed electronically on or about Feb   26, 2007 as Exhibit 10(a) to Post-Effective Amendment   No. 35 to Registration Statement No. 2-95577 for Ameriprise   Flexible Savings Certificate is incorporated herein by reference.                                                                                                              |
|        |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| *10(b)      |       | Distribution   Agreement, dated Dec. 31, 2006, between Registrant and Ameriprise   Financial Services, Inc. filed electronically on or about   Feb. 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, as amended   by that certain restated Exhibit A, effective May 12, 2012, filed   electronically herewith as Exhibit 10(b) to Registrant’s   Form 10-K.         |
|        |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10(c)       |       | Depositary   and Custodial Agreement, dated Dec. 31, 2006, between Registrant   and Ameriprise Trust Company, filed electronically on or about   Feb. 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.                                                                                                                                                                                        |
|        |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| *10(d)      |       | Transfer   Agent Agreement, dated Dec. 31, 2006 between Registrant and   Columbia Management Investment Services Corp. (formerly RiverSource Client   Service Corporation), filed electronically on or about   Feb. 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,   as amended effective January 1, 2013, filed electronically herewith as   exhibit 10(d) to Registrant’s Form 10-K. |
|        |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10(e)       |       | 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.                                                                                                                                                                                                     |
|        |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10(f)       |       | 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.                                                                                                                                                                                                                                                                        |
|        |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 14(a)       |       | Code   of Ethics under rule 17j-1 for Ameriprise Certificate Company, filed   electronically as Exhibit 10 (p)(1) to Pre-Effective Amendment   No. 1 to Registration Statement No. 333-34982, is incorporated   herein by reference.                                                                                                                                                                                                                                                                                                                |
|        |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 14(b)       |       | Code   of Ethics adopted under Rule 17j-1 for Registrant’s investment adviser   and principal underwriter, dated July 1, 2011, filed electronically   on or about February 24, 2012 as Exhibit (14)(b) to   Registrant’s Form 10-K, is incorporated herein by reference.                                                                                                                                                                                                                                                        |
|        |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| *24(a)      |       | Directors’   Power of Attorney, dated February 27, 2013, is filed electronically   herewith as Exhibit 24 (a) to Registrant’s Form 10-K.                                                                                                                                                                                                                                                                                                                                                                                             |
|        |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| *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 Ross P. Palacios pursuant to Rule 13a-14(a) promulgated under   the Securities Exchange Act of 1934, as amended.                                                                                                                                                                                                                                                                                                                                                                                                                           |
|        |       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| *32.1       |       | Certification   of Abu M. Arif and Ross P. Palacios pursuant to 18 U.S.C. Section 1350,   as adopted pursuant to Section 906 of the Sarbanes-Oxley Act   of 2002.                                                                                                                                                                                                                                                                                                                                                                                             |

 

----

*Filed electronically herewith

 

E-1

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