|        |
|--------|
|        |
|   |
|   |

|        |                                                                                                   |
|--------|---------------------------------------------------------------------------------------------------|
| ý | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

|   |                                                                                                    |
|---|----------------------------------------------------------------------------------------------------|
| o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

|                                                                |
|----------------------------------------------------------------|
|                                                                |  |  |
| 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) |

|                                      |
|--------------------------------------|
|                                      |  |
| Large Accelerated Filer  o | Accelerated Filer  o |
| Non-Accelerated Filer  x   | Smaller reporting company  o |

|                                         |
|-----------------------------------------|
|                                         |  |  |
| Class                                   |   | Outstanding at May 4, 2015 |
| Common Shares (par value $10 per share) |   | 150,000 shares |

|        |
|--------|
|        |
|   |
|   |

----

|               |
|---------------|
|               |  |  |  |  |
| Part I.  | Financial Information: |   |  |
|          | Item 1. | Financial Statements |   |
|          |   | Consolidated Statements of Operations — Three months ended March 31, 2015 and 2014 | 3 |  |
|          |   | Consolidated Statements of Comprehensive Income — Three months ended March 31, 2015 and 2014 | 4 |  |
|          |   | Consolidated Balance Sheets — March 31, 2015 and December 31, 2014 | 5 |  |
|          |   | Consolidated Statements of Shareholder's Equity — Three months ended March 31, 2015 and 2014 | 6 |  |
|          |   | Consolidated Statements of Cash Flows — Three months ended March 31, 2015 and 2014 | 7 |  |
|          |   | Notes to Consolidated Financial Statements | 8 |  |
|          | Item 2. | Management's Narrative Analysis | 22 |  |
|          | Item 4. | Controls and Procedures | 23 |  |
| Part II. | Other Information: |   |  |
|          | Item 1. | Legal Proceedings | 24 |  |
|          | Item 1A. | Risk Factors | 24 |  |
|          | Item 6. | Exhibits | 24 |  |
|          | Signatures | 25 |  |
|          | Exhibit Index | E-1 |  |

----

|                                                                                  |
|----------------------------------------------------------------------------------|
|                                                                                  |  |  |  |  |  |  |  |
|                                                                             | Three Months Ended March 31, |
|                                                                             | 2015 |   | 2014 |
|                                                                             |   |   |   |
| Investment income                                                                | $ | 21,832 |  |   | $ | 22,155 |  |
| Investment expenses                                                              | 6,621 |  |   | 7,718 |  |
| Net investment income before provision for certificate reserves and income taxes | 15,211 |  |   | 14,437 |  |
| Net provision for certificate reserves                                           | 6,268 |  |   | 6,790 |  |
| Net investment income before income taxes                                        | 8,943 |  |   | 7,647 |  |
| Income tax expense                                                               | 1,779 |  |   | 2,898 |  |
| Net investment income                                                            | 7,164 |  |   | 4,749 |  |
|                                                                             |   |   |   |
| Net realized gain (loss) on investments                                          | (921 | ) |   | 369 |  |
| Income tax expense (benefit)                                                     | (322 | ) |   | 129 |  |
| Net realized gain (loss) on investments, after-tax                               | (599 | ) |   | 240 |  |
| Net income                                                                       | $ | 6,565 |  |   | $ | 4,989 |  |
|                                                                             |   |   |   |
| Supplemental Disclosures:                                                        |   |  |   |   |  |
| Total other-than-temporary impairment losses on securities                       | $ | — |  |   | $ | (14 | ) |
| Portion of loss recognized in other comprehensive income (before taxes)          | (923 | ) |   | (289 | ) |
| Net impairment losses recognized in net realized gain (loss) on investments      | $ | (923 | ) |   | $ | (303 | ) |
|  See Notes to Consolidated Financial Statements.                            |

----

|                                                                          |
|--------------------------------------------------------------------------|
|                                                                          |  |  |  |  |  |  |  |
|                                                                     | Three Months Ended March 31, |
|                                                                     | 2015 |   | 2014 |
|                                                                     |   |   |   |
| Net income                                                               | $ | 6,565 |  |   | $ | 4,989 |  |
| Other comprehensive income, net of tax:                                  |   |  |   |   |  |
| Net unrealized gains on securities:                                      |   |  |   |   |  |
| Net unrealized securities gains arising during the period                | 5,284 |  |   | 3,453 |  |
| Reclassification of net securities (gains) losses included in net income | 599 |  |   | (240 | ) |
| Total other comprehensive income, net of tax                             | 5,883 |  |   | 3,213 |  |
| Total comprehensive income                                               | $ | 12,448 |  |   | $ | 8,202 |  |
| See Notes to Consolidated Financial Statements.                          |

----

|                                                                     |
|---------------------------------------------------------------------|
|                                                                     |  |  |  |  |  |  |  |
|                                                                | March 31, 2015 |   | December 31, 2014 |
| Assets                                                              | (unaudited) |   |   |  |
| Qualified Assets                                                    |   |  |   |   |  |
| Cash and cash equivalents                                           | $ | 104,150 |  |   | $ | 68,632 |  |
| Investments in unaffiliated issuers                                 | 4,466,352 |  |   | 4,372,118 |  |
| Receivables                                                         | 28,925 |  |   | 25,444 |  |
| Equity options, purchased                                           | 33,363 |  |   | 45,857 |  |
| Total qualified assets                                              | 4,632,790 |  |   | 4,512,051 |  |
| Deferred taxes, net                                                 | 1,446 |  |   | 1,485 |  |
| Due from related party                                              | 11 |  |   | 16 |  |
| Total assets                                                        | $ | 4,634,247 |  |   | $ | 4,513,552 |  |
|                                                                |   |   |   |
| Liabilities and Shareholder's Equity                                |   |  |   |   |  |
| Liabilities                                                         |   |  |   |   |  |
| Certificate reserves                                                | $ | 4,309,485 |  |   | $ | 4,206,770 |  |
| Current taxes payable to parent                                     | 4,438 |  |   | 3,133 |  |
| Equity options, written                                             | 28,345 |  |   | 40,073 |  |
| Payable for investment securities purchased                         | 20,180 |  |   | 2,292 |  |
| Due to related party and other liabilities                          | 24,420 |  |   | 21,353 |  |
| Total liabilities                                                   | 4,386,868 |  |   | 4,273,621 |  |
|                                                                |   |   |   |
| Shareholder's Equity                                                |   |  |   |   |  |
| Common shares ($10 par value, 150,000 shares authorized and issued) | 1,500 |  |   | 1,500 |  |
| Additional paid-in capital                                          | 201,517 |  |   | 201,517 |  |
| Total retained earnings                                             | 42,507 |  |   | 40,942 |  |
| Accumulated other comprehensive income (loss), net of tax           | 1,855 |  |   | (4,028 | ) |
| Total shareholder's equity                                          | 247,379 |  |   | 239,931 |  |
| Total liabilities and shareholder's equity                          | $ | 4,634,247 |  |   | $ | 4,513,552 |  |
| See Notes to Consolidated Financial Statements.                     |

----

|                                                 |
|-------------------------------------------------|
|                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                            |   |   |   |   |   |   | Retained Earnings |   |   |   |   |
|                                            | Number of Outstanding Shares |   | Common Shares |   | Additional Paid-In Capital |   | Appropriated for Pre-Declared Additional Credits and Interest |   | Appropriated for Additional Interest on Advance Payments |   | Unappropriated |   | Accumulated Other Comprehensive Income (Loss), Net of Tax |   | Total |
|                                            |
| Balance at January 1, 2014                      | 150,000 |  |   | $ | 1,500 |  |   | $ | 201,517 |  |   | $ | 26 |  |   | $ | 15 |  |   | $ | 23,258 |  |   | $ | (3,141 | ) |   | $ | 223,175 |  |
| Comprehensive income:                           |
| Net income                                      | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 4,989 |  |   | — |  |   | 4,989 |  |
| Other comprehensive income, net of tax          | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 3,213 |  |   | 3,213 |  |
| Total comprehensive income                      |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   | 8,202 |  |
| Transfer to appropriated/from unappropriated    | — |  |   | — |  |   | — |  |   | 51 |  |   | — |  |   | (51 | ) |   | — |  |   | — |  |
| Balance atMarch 31, 2014                   | 150,000 |  |   | $ | 1,500 |  |   | $ | 201,517 |  |   | $ | 77 |  |   | $ | 15 |  |   | $ | 28,196 |  |   | $ | 72 |  |   | $ | 231,377 |  |
|                                            |
| Balance at January 1, 2015                      | 150,000 |  |   | $ | 1,500 |  |   | $ | 201,517 |  |   | $ | 58 |  |   | $ | 15 |  |   | $ | 40,869 |  |   | $ | (4,028 | ) |   | $ | 239,931 |  |
| Comprehensive income:                           |
| Net income                                      | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 6,565 |  |   | — |  |   | 6,565 |  |
| Other comprehensive income, net of tax          | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 5,883 |  |   | 5,883 |  |
| Total comprehensive income                      |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   |   |  |   | 12,448 |  |
| Transfer to appropriated/from unappropriated    | — |  |   | — |  |   | — |  |   | (15 | ) |   | — |  |   | 15 |  |   | — |  |   | — |  |
| Dividend/return of capital to parent            | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | (5,000 | ) |   | — |  |   | (5,000 | ) |
| Balance atMarch 31, 2015                   | 150,000 |  |   | $ | 1,500 |  |   | $ | 201,517 |  |   | $ | 43 |  |   | $ | 15 |  |   | $ | 42,449 |  |   | $ | 1,855 |  |   | $ | 247,379 |  |
| See Notes to Consolidated Financial Statements. |

----

|                                                                                   |
|-----------------------------------------------------------------------------------|
|                                                                                   |  |  |  |  |  |  |  |
|                                                                              | Three Months Ended March 31, |
|                                                                              | 2015 |   | 2014 |
| Cash Flows from Operating Activities                                              |
| Net income                                                                        | $ | 6,565 |  |   | $ | 4,989 |  |
| Adjustments to reconcile net income to net cash provided by operating activities: |
| Amortization of premiums, accretion of discounts, net                             | 6,572 |  |   | 7,634 |  |
| Deferred income tax provision                                                     | 228 |  |   | 154 |  |
| Net realized gain on Available-for-Sale securities                                | (2 | ) |   | (672 | ) |
| Other-than-temporary impairments and provision for loan loss                      | 923 |  |   | 303 |  |
| Changes in operating assets and liabilities:                                      |
| Dividends and interest receivable                                                 | (2,234 | ) |   | (850 | ) |
| Certificate reserves, net                                                         | (430 | ) |   | (312 | ) |
| Deferred taxes, net                                                               | (3,623 | ) |   | (2,257 | ) |
| Current taxes payable to/receivable from parent, net                              | 1,310 |  |   | 3,059 |  |
| Derivatives, net of collateral                                                    | 566 |  |   | 947 |  |
| Other liabilities                                                                 | 3,347 |  |   | (7,640 | ) |
| Other, net                                                                        | (1,593 | ) |   | 471 |  |
| Net cash provided by operating activities                                         | 11,629 |  |   | 5,826 |  |
| Cash Flows from Investing Activities                                              |
| Available-for-Sale securities:                                                    |
| Sales                                                                             | — |  |   | 11,884 |  |
| Maturities, redemptions and calls                                                 | 274,082 |  |   | 252,646 |  |
| Purchases                                                                         | (349,148 | ) |   | (299,734 | ) |
| Syndicated loans, commercial mortgage loans and real estate owned:                |
| Sales, maturities and repayments                                                  | 4,766 |  |   | 3,478 |  |
| Purchases and fundings                                                            | (3,951 | ) |   | — |  |
| Certificate loans, net                                                            | (5 | ) |   | 41 |  |
| Net cash used in investing activities                                             | (74,256 | ) |   | (31,685 | ) |
| Cash Flows from Financing Activities                                              |
| Payments from certificate holders and other additions                             | 662,011 |  |   | 617,035 |  |
| Certificate maturities and cash surrenders                                        | (558,866 | ) |   | (527,507 | ) |
| Dividend/return of capital to parent                                              | (5,000 | ) |   | — |  |
| Net cash provided by financing activities                                         | 98,145 |  |   | 89,528 |  |
| Net increase in cash and cash equivalents                                         | 35,518 |  |   | 63,669 |  |
| Cash and cash equivalents at beginning of period                                  | 68,632 |  |   | 74,526 |  |
| Cash and cash equivalents at end of period                                        | $ | 104,150 |  |   | $ | 138,195 |  |
| Supplemental disclosures including non-cash transactions:                         |
| Cash paid for income taxes                                                        | $ | 4,774 |  |   | $ | 1,789 |  |
| Cash paid for interest                                                            | 7,325 |  |   | 7,819 |  |
| See Notes to Consolidated Financial Statements.                                   |

----

----

|                                                                                                                                                                  |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                  |  |  |  |  |  |  |  |
|                                                                                                                                                             | March 31, 2015 |   | December 31, 2014 |
| Available-for-Sale securities:                                                                                                                                   |   |  |   |   |  |
| Fixed maturities, at fair value (amortized cost: 2015, $4,309,030; 2014, $4,222,747)                                                                             | $ | 4,307,709 |  |   | $ | 4,212,187 |  |
| Common stocks, at fair value (cost: 2015, $2,343; 2014, $2,343)                                                                                                  | 6,601 |  |   | 6,523 |  |
| Commercial mortgage loans and syndicated loans, at cost (less allowance for loan losses: 2015, $3,464; 2014, $3,464; fair value: 2015, $155,312; 2014, $155,829) | 151,111 |  |   | 152,482 |  |
| Certificate loans — secured by certificate reserves, at cost, which approximates fair value                                                                | 931 |  |   | 926 |  |
| Total                                                                                                                                                            | $ | 4,466,352 |  |   | $ | 4,372,118 |  |

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                     |   | March 31, 2015 |
| Description of Securities      |   | Amortized Cost |   | Gross Unrealized Gains |   | Gross Unrealized Losses |   | Fair Value |   | Noncredit OTTI (1) |
|                                     |   | (in thousands) |
| Residential mortgage backed securities   |   | $ | 2,295,856 |  |   | $ | 14,307 |  |   | $ | (26,243 | ) |   | $ | 2,283,920 |  |   | $ | (5,900 | ) |
| Corporate debt securities                |   | 1,157,996 |  |   | 5,944 |  |   | (1,312 | ) |   | 1,162,628 |  |   | 3 |  |
| Commercial mortgage backed securities    |   | 398,970 |  |   | 6,270 |  |   | (189 | ) |   | 405,051 |  |   | — |  |
| Asset backed securities                  |   | 455,830 |  |   | 2,438 |  |   | (2,597 | ) |   | 455,671 |  |   | — |  |
| U.S. government and agencies obligations |   | 378 |  |   | 61 |  |   | — |  |   | 439 |  |   | — |  |
| Common stocks                            |   | 2,343 |  |   | 4,321 |  |   | (63 | ) |   | 6,601 |  |   | 2,129 |  |
| Total                                    |   | $ | 4,311,373 |  |   | $ | 33,341 |  |   | $ | (30,404 | ) |   | $ | 4,314,310 |  |   | $ | (3,768 | ) |

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                     |   | December 31, 2014 |
| Description of Securities      |   | Amortized Cost |   | Gross Unrealized Gains |   | Gross Unrealized Losses |   | Fair Value |   | Noncredit OTTI (1) |
|                                     |   | (in thousands) |
| Residential mortgage backed securities   |   | $ | 2,234,011 |  |   | $ | 15,233 |  |   | $ | (28,374 | ) |   | $ | 2,220,870 |  |   | $ | (6,497 | ) |
| Corporate debt securities                |   | 1,108,780 |  |   | 3,831 |  |   | (3,367 | ) |   | 1,109,244 |  |   | 3 |  |
| Commercial mortgage backed securities    |   | 397,659 |  |   | 4,508 |  |   | (687 | ) |   | 401,480 |  |   | — |  |
| Asset backed securities                  |   | 481,919 |  |   | 2,595 |  |   | (4,354 | ) |   | 480,160 |  |   | — |  |
| U.S. government and agencies obligations |   | 378 |  |   | 55 |  |   | — |  |   | 433 |  |   | — |  |
| Common stocks                            |   | 2,343 |  |   | 4,224 |  |   | (44 | ) |   | 6,523 |  |   | 2,103 |  |
| Total                                    |   | $ | 4,225,090 |  |   | $ | 30,446 |  |   | $ | (36,826 | ) |   | $ | 4,218,710 |  |   | $ | (4,391 | ) |

----

|                        |
|------------------------|
|                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                   |   | March 31, 2015 |   | December 31, 2014 |
| Ratings                |   | Amortized Cost |   | Fair Value |   | Percent of Total Fair Value |   | Amortized Cost |   | Fair Value |   | Percent of Total Fair Value |
|                   |   | (in thousands, except percentages) |
| AAA                    |   | $ | 1,738,999 |  |   | $ | 1,746,588 |  |   | 40 | % |   | $ | 1,741,510 |  |   | $ | 1,746,703 |  |   | 41 | % |
| AA                     |   | 262,309 |  |   | 261,290 |  |   | 6 |  |   | 223,735 |  |   | 223,636 |  |   | 5 |  |
| A                      |   | 811,667 |  |   | 810,512 |  |   | 19 |  |   | 917,024 |  |   | 911,908 |  |   | 22 |  |
| BBB                    |   | 1,292,181 |  |   | 1,293,953 |  |   | 30 |  |   | 1,128,592 |  |   | 1,127,802 |  |   | 27 |  |
| Below investment grade |   | 203,874 |  |   | 195,366 |  |   | 5 |  |   | 211,886 |  |   | 202,138 |  |   | 5 |  |
| Total fixed maturities |   | $ | 4,309,030 |  |   | $ | 4,307,709 |  |   | 100 | % |   | $ | 4,222,747 |  |   | $ | 4,212,187 |  |   | 100 | % |

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Description of Securities         |   | March 31, 2015 |
| Less than 12 months     |   | 12 months or more |   | Total |
| 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 | 49 |  |   | $ | 517,488 |  |   | $ | (3,382 | ) |   | 96 |  |   | $ | 796,225 |  |   | $ | (22,861 | ) |   | 145 |  |   | $ | 1,313,713 |  |   | $ | (26,243 | ) |
| Corporate debt securities              | 35 |  |   | 338,497 |  |   | (1,285 | ) |   | 1 |  |   | 26,048 |  |   | (27 | ) |   | 36 |  |   | 364,545 |  |   | (1,312 | ) |
| Commercial mortgage backed securities  | 1 |  |   | 15,139 |  |   | (1 | ) |   | 3 |  |   | 28,661 |  |   | (188 | ) |   | 4 |  |   | 43,800 |  |   | (189 | ) |
| Asset backed securities                | 8 |  |   | 101,896 |  |   | (247 | ) |   | 10 |  |   | 204,718 |  |   | (2,350 | ) |   | 18 |  |   | 306,614 |  |   | (2,597 | ) |
| Common stocks                          |   | 2 |  |   | 136 |  |   | (61 | ) |   | 1 |  |   | 122 |  |   | (2 | ) |   | 3 |  |   | 258 |  |   | (63 | ) |
| Total                                  | 95 |  |   | $ | 973,156 |  |   | $ | (4,976 | ) |   | 111 |  |   | $ | 1,055,774 |  |   | $ | (25,428 | ) |   | 206 |  |   | $ | 2,028,930 |  |   | $ | (30,404 | ) |

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Description of Securities         |   | December 31, 2014 |
| Less than 12 months     |   | 12 months or more |   | Total |
| 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 | 56 |  |   | $ | 616,280 |  |   | $ | (5,110 | ) |   | 89 |  |   | $ | 716,633 |  |   | $ | (23,264 | ) |   | 145 |  |   | $ | 1,332,913 |  |   | $ | (28,374 | ) |
| Corporate debt securities              | 55 |  |   | 597,937 |  |   | (3,367 | ) |   | — |  |   | — |  |   | — |  |   | 55 |  |   | 597,937 |  |   | (3,367 | ) |
| Commercial mortgage backed securities  | 9 |  |   | 93,220 |  |   | (271 | ) |   | 4 |  |   | 36,018 |  |   | (416 | ) |   | 13 |  |   | 129,238 |  |   | (687 | ) |
| Asset backed securities                | 7 |  |   | 105,452 |  |   | (707 | ) |   | 11 |  |   | 207,046 |  |   | (3,647 | ) |   | 18 |  |   | 312,498 |  |   | (4,354 | ) |
| Common stocks                          | 1 |  |   | 85 |  |   | (42 | ) |   | 1 |  |   | 10 |  |   | (2 | ) |   | 2 |  |   | 95 |  |   | (44 | ) |
| Total                                  | 128 |  |   | $ | 1,412,974 |  |   | $ | (9,497 | ) |   | 105 |  |   | $ | 959,707 |  |   | $ | (27,329 | ) |   | 233 |  |   | $ | 2,372,681 |  |   | $ | (36,826 | ) |

----

|                                                                                      |
|--------------------------------------------------------------------------------------|
|                                                                                      |  |  |  |  |  |  |  |
|                                                                                 | Three Months Ended March 31, |
|                                                                                 | 2015 |   | 2014 |
|                                                                                 | (in thousands) |
| Beginning balance                                                                    | $ | 64,913 |  |   | $ | 83,122 |  |
| Credit losses for which an other-than-temporary impairment was previously recognized | 923 |  |   | 303 |  |
| Ending balance                                                                       | $ | 65,836 |  |   | $ | 83,425 |  |

|                                                                    |
|--------------------------------------------------------------------|
|                                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                               | NetUnrealizedInvestmentGains (Losses) |   | DeferredIncome Tax |   | Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized InvestmentGains (Losses) |
|                                                               | (in thousands) |
| Balance at January 1, 2014                                         | $ | (5,154 | ) |   | $ | 2,013 |  |   | $ | (3,141 | ) |   |
| Net unrealized securities gains arising during the period (1)      | 5,637 |  |   | (2,184 | ) |   | 3,453 |   |   |
| Reclassification of gains included in net income                   | (369 | ) |   | 129 |  |   | (240 | ) |   |
| Balance at March 31, 2014                                     | $ | 114 |  |   | $ | (42 | ) |   | $ | 72 |   | (2)  |
|                                                               |   |   |   |   |   |   |
| Balance at January 1, 2015                                         | $ | (6,380 | ) |   | $ | 2,352 |  |   | $ | (4,028 | ) |   |
| Net unrealized securities gains arising during the period (1) | 8,396 |  |   | (3,112 | ) |   | 5,284 |   |   |
| Reclassification of losses included in net income                  | 921 |  |   | (322 | ) |   | 599 |   |   |
| Balance at March 31, 2015                                     | $ | 2,937 |  |   | $ | (1,082 | ) |   | $ | 1,855 |   | (2)  |

|                                  |
|----------------------------------|
|                                  |  |  |  |  |  |  |  |
|                             | Three Months Ended March 31, |
|                             | 2015 |   | 2014 |
|                             | (in thousands) |
| Gross realized gains             | $ | 2 |  |   | $ | 675 |  |
| Gross realized losses            | — |  |   | (3 | ) |
| Other-than-temporary impairments | (923 | ) |   | (303 | ) |
| Total                            | $ | (921 | ) |   | $ | 369 |  |

----

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |  |  |  |
|                                   | Amortized Cost |   | Fair Value |
|                                   | (in thousands) |
| Due within one year                    | $ | 285,061 |  |   | $ | 285,790 |  |
| Due after one year through five years  | 873,100 |  |   | 877,004 |  |
| Due after five years through 10 years  | — |  |   | — |  |
| Due after 10 years                     | 213 |  |   | 273 |  |
|                                   | 1,158,374 |  |   | 1,163,067 |  |
| Residential mortgage backed securities | 2,295,856 |  |   | 2,283,920 |  |
| Commercial mortgage backed securities  | 398,970 |  |   | 405,051 |  |
| Asset backed securities                | 455,830 |  |   | 455,671 |  |
| Common stocks                          | 2,343 |  |   | 6,601 |  |
| Total                                  | $ | 4,311,373 |  |   | $ | 4,314,310 |  |

|                                       |
|---------------------------------------|
|                                       |  |  |  |  |  |  |  |
|                                  | Three Months Ended March 31, |
|                                  | 2015 |   | 2014 |
|                                  | (in thousands) |
| Beginning balance                     | $ | 3,464 |  |   | $ | 4,461 |  |
| Charge-offs                           | — |  |   | (997 | ) |
| Ending balance                        | $ | 3,464 |  |   | $ | 3,464 |  |
|                                  |   |   |   |
| Individually evaluated for impairment | $ | — |  |   | $ | — |  |
| Collectively evaluated for impairment | 3,464 |  |   | 3,464 |  |

|                                       |
|---------------------------------------|
|                                       |  |  |  |  |  |  |  |
|                                  | March 31, 2015 |   | December 31, 2014 |
|                                  | (in thousands) |
| Individually evaluated for impairment | $ | 3,583 |  |   | $ | 3,619 |  |
| Collectively evaluated for impairment | 150,992 |  |   | 152,327 |  |
| Total                                 | $ | 154,575 |  |   | $ | 155,946 |  |

----

|                                 |
|---------------------------------|
|                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                            | Loans |   | Percentage |
|                            | March 31, 2015 |   | December 31, 2014 |   | March 31, 2015 |   | December 31, 2014 |
|                            | (in thousands) |   |   |   |   |
| East North Central              | $ | — |  |   | $ | 1,139 |  |   | — | % |   | 1 | % |
| Middle Atlantic                 | 7,118 |  |   | 7,328 |  |   | 7 |  |   | 8 |  |
| Mountain                        | 8,615 |  |   | 8,764 |  |   | 9 |  |   | 9 |  |
| New England                     | 10,014 |  |   | 10,101 |  |   | 10 |  |   | 10 |  |
| Pacific                         | 20,643 |  |   | 20,986 |  |   | 22 |  |   | 22 |  |
| South Atlantic                  | 31,089 |  |   | 29,765 |  |   | 32 |  |   | 30 |  |
| West North Central              | 10,076 |  |   | 10,301 |  |   | 11 |  |   | 11 |  |
| West South Central              | 8,394 |  |   | 8,589 |  |   | 9 |  |   | 9 |  |
|                            | 95,949 |  |   | 96,973 |  |   | 100 | % |   | 100 | % |
| Less: allowance for loan losses | 2,341 |  |   | 2,341 |  |   |   |
| Total                           | $ | 93,608 |  |   | $ | 94,632 |  |

|                                 |
|---------------------------------|
|                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                            | Loans |   | Percentage |
|                            | March 31, 2015 |   | December 31, 2014 |   | March 31, 2015 |   | December 31, 2014 |
|                            | (in thousands) |   |   |   |   |
| Apartments                      | $ | 27,525 |  |   | $ | 26,129 |  |   | 29 | % |   | 27 | % |
| Industrial                      | 12,815 |  |   | 14,159 |  |   | 14 |  |   | 15 |  |
| Office                          | 10,749 |  |   | 10,822 |  |   | 11 |  |   | 11 |  |
| Retail                          | 30,931 |  |   | 31,571 |  |   | 32 |  |   | 33 |  |
| Hotel                           | 1,216 |  |   | 1,254 |  |   | 1 |  |   | 1 |  |
| Other                           | 12,713 |  |   | 13,038 |  |   | 13 |  |   | 13 |  |
|                            | 95,949 |  |   | 96,973 |  |   | 100 | % |   | 100 | % |
| Less: allowance for loan losses | 2,341 |  |   | 2,341 |  |   |   |
| Total                           | $ | 93,608 |  |   | $ | 94,632 |  |

----

|         |                                                                                                                                  |
|---------|----------------------------------------------------------------------------------------------------------------------------------|
| 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. |

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                     | March 31, 2015 |
|                                     | Level 1 |   | Level 2 |   | Level 3 |   | Total |
|                                     | (in thousands) |
| Assets                                   |   |  |   |   |  |   |   |  |   |   |  |
| Cash equivalents                         | $ | — |  |   | $ | 99,397 |  |   | $ | — |  |   | $ | 99,397 |  |
| Available-for-Sale securities:           |   |  |   |   |  |   |   |  |   |   |  |
| Residential mortgage backed securities   | — |  |   | 2,042,619 |  |   | 241,301 |  |   | 2,283,920 |  |
| Corporate debt securities                | — |  |   | 996,076 |  |   | 166,552 |  |   | 1,162,628 |  |
| Commercial mortgage backed securities    | — |  |   | 405,051 |  |   | — |  |   | 405,051 |  |
| Asset backed securities                  | — |  |   | 439,485 |  |   | 16,186 |  |   | 455,671 |  |
| U.S. government and agencies obligations | 439 |  |   | — |  |   | — |  |   | 439 |  |
| Common stocks                            | 2,409 |  |   | 3,331 |  |   | 861 |  |   | 6,601 |  |
| Total Available-for-Sale securities      | 2,848 |  |   | 3,886,562 |  |   | 424,900 |  |   | 4,314,310 |  |
| Equity options, purchased                | — |  |   | 33,363 |  |   | — |  |   | 33,363 |  |
| Total assets at fair value               | $ | 2,848 |  |   | $ | 4,019,322 |  |   | $ | 424,900 |  |   | $ | 4,447,070 |  |
|                                     |   |   |   |   |   |   |   |
| Liabilities                              |   |  |   |   |  |   |   |  |   |   |  |
| Certificate reserves                     | $ | — |  |   | $ | 5,163 |  |   | $ | — |  |   | $ | 5,163 |  |
| Equity options, written                  | — |  |   | 28,345 |  |   | — |  |   | 28,345 |  |
| Total liabilities at fair value          | $ | — |  |   | $ | 33,508 |  |   | $ | — |  |   | $ | 33,508 |  |

----

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                     | December 31, 2014 |
|                                     | Level 1 |   | Level 2 |   | Level 3 |   | Total |
|                                     | (in thousands) |
| Assets                                   |   |  |   |   |  |   |   |  |   |   |  |
| Cash equivalents                         | $ | — |  |   | $ | 27,798 |  |   | $ | — |  |   | $ | 27,798 |  |
| Available-for-Sale securities:           |   |  |   |   |  |   |   |  |   |   |  |
| Residential mortgage backed securities   | — |  |   | 2,024,312 |  |   | 196,558 |  |   | 2,220,870 |  |
| Corporate debt securities                | — |  |   | 943,743 |  |   | 165,501 |  |   | 1,109,244 |  |
| Commercial mortgage backed securities    | — |  |   | 401,480 |  |   | — |  |   | 401,480 |  |
| Asset backed securities                  | — |  |   | 461,972 |  |   | 18,188 |  |   | 480,160 |  |
| U.S. government and agencies obligations | 433 |  |   | — |  |   | — |  |   | 433 |  |
| Common stocks                            | 2,315 |  |   | 3,300 |  |   | 908 |  |   | 6,523 |  |
| Total Available-for-Sale securities      | 2,748 |  |   | 3,834,807 |  |   | 381,155 |  |   | 4,218,710 |  |
| Equity options, purchased                | — |  |   | 45,857 |  |   | — |  |   | 45,857 |  |
| Total assets at fair value               | $ | 2,748 |  |   | $ | 3,908,462 |  |   | $ | 381,155 |  |   | $ | 4,292,365 |  |
|                                     |   |   |   |   |   |   |   |
| Liabilities                              |   |  |   |   |  |   |   |  |   |   |  |
| Certificate reserves                     | $ | — |  |   | $ | 5,875 |  |   | $ | — |  |   | $ | 5,875 |  |
| Equity options, written                  | — |  |   | 40,073 |  |   | — |  |   | 40,073 |  |
| Total liabilities at fair value          | $ | — |  |   | $ | 45,948 |  |   | $ | — |  |   | $ | 45,948 |  |

|                                                                                                                  |
|------------------------------------------------------------------------------------------------------------------|
|                                                                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                             | Available-for-Sale Securities |   |   |   |
|                                                                                                             | Residential Mortgage BackedSecurities |   | CorporateDebtSecurities |   | Asset BackedSecurities |   | CommonStocks |   | Total |   |
|                                                                                                             | (in thousands) |   |   |   |
| Balance, January 1, 2015                                                                                         | $ | 196,558 |  |   | $ | 165,501 |  |   | $ | 18,188 |  |   | $ | 908 |  |   | $ | 381,155 |  |   |
| Total gains (losses) included in:                                                                                |   |
| Net income                                                                                                       | (118 | ) |   | (163 | ) |   | 18 |  |   | — |  |   | (263 | ) | (1)  |
| Other comprehensive income                                                                                       | 302 |  |   | 1,214 |  |   | (18 | ) |   | (47 | ) |   | 1,451 |  |   |
| Purchases                                                                                                        | 85,268 |  |   | — |  |   | — |  |   | — |  |   | 85,268 |  |   |
| Settlements                                                                                                      | (8,666 | ) |   | — |  |   | (2,002 | ) |   | — |  |   | (10,668 | ) |   |
| Transfers into Level 3                                                                                           | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   |
| Transfers out of Level 3                                                                                         | (32,043 | ) |   | — |  |   | — |  |   | — |  |   | (32,043 | ) |   |
| Balance, March 31, 2015                                                                                     | $ | 241,301 |  |   | $ | 166,552 |  |   | $ | 16,186 |  |   | $ | 861 |  |   | $ | 424,900 |  |   |
| Change in unrealized gains (losses) included in net income related to Level 3 assets held at March 31, 2015 | $ | (118 | ) |   | $ | (163 | ) |   | $ | 18 |  |   | $ | — |  |   | $ | (263 | ) |   |

----

|                                                                                                                  |
|------------------------------------------------------------------------------------------------------------------|
|                                                                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                             | Available-for-Sale Securities |   |   |   |
|                                                                                                             | Residential Mortgage BackedSecurities |   | CorporateDebtSecurities |   | Commercial Mortgage BackedSecurities |   | Asset BackedSecurities |   | CommonStocks |   | Total |   |
|                                                                                                             | (in thousands) |   |
| Balance, January 1, 2014                                                                                         | $ | 128,906 |  |   | $ | 123,032 |  |   | $ | — |  |   | $ | 37,152 |  |   | $ | 273 |  |   | $ | 289,363 |  |   |
| Total gains (losses) included in:                                                                                |   |
| Net income                                                                                                       | (42 | ) |   | (328 | ) |   | — |  |   | 15 |  |   | — |  |   | (355 | ) | (1)  |
| Other comprehensive income                                                                                       | 23 |  |   | (126 | ) |   | — |  |   | (136 | ) |   | 7 |  |   | (232 | ) |   |
| Purchases                                                                                                        | 70,768 |  |   | 51,875 |  |   | 20,000 |  |   | 21,651 |  |   | — |  |   | 164,294 |  |   |
| Settlements                                                                                                      | (2,288 | ) |   | — |  |   | — |  |   | (1,252 | ) |   | — |  |   | (3,540 | ) |   |
| Transfers into Level 3                                                                                           | — |  |   | — |  |   | — |  |   | — |  |   | 174 |  |   | 174 |  |   |
| Transfers out of Level 3                                                                                         | (121,094 | ) |   | — |  |   | — |  |   | — |  |   | (273 | ) |   | (121,367 | ) |   |
| Balance, March 31, 2014                                                                                     | $ | 76,273 |  |   | $ | 174,453 |  |   | $ | 20,000 |  |   | $ | 57,430 |  |   | $ | 181 |  |   | $ | 328,337 |  |   |
| Change in unrealized gains (losses) included in net income related to Level 3 assets held at March 31, 2014 | $ | (42 | ) |   | $ | (328 | ) |  | $ | — |  |  | $ | 15 |  |  | $ | — |  |   | $ | (355 | ) |   |

|                                                |
|------------------------------------------------|
|                                                |  |  |  |  |  |  |  |  |  |
|                                           | March 31, 2015 |
|                                           | Fair Value |   | Valuation Technique |   | Unobservable Input |   | Range (Weighted Average) |
|                                           | (in thousands) |   |   |   |   |   |   |
| Corporate debt securities (private placements) | $ | 166,549 |  |   | Discounted cash flow |   | Yield/spread to U.S. Treasuries |   | 1.0% - 1.4% (1.2%) |

|                                                |
|------------------------------------------------|
|                                                |  |  |  |  |  |  |  |  |  |
|                                           | December 31, 2014 |
|                                           | Fair Value |   | Valuation Technique |   | Unobservable Input |   | Range (Weighted Average) |
|                                           | (in thousands) |   |   |   |   |   |   |
| Corporate debt securities (private placements) | $ | 165,498 |  |   | Discounted cash flow |   | Yield/spread to U.S. Treasuries |   | 1.1% - 1.5% (1.2%) |

----

----

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                      | March 31, 2015 |
|                      | Carrying Value |   | Fair Value |
|                      | Level 1 |   | Level 2 |   | Level 3 |   | Total |
|                      | (in thousands) |
| Financial Assets          |   |  |   |   |  |   |   |  |   |   |  |   |   |  |
| Syndicated loans          | $ | 57,503 |  |   | $ | — |  |   | $ | 55,767 |  |   | $ | 2,156 |  |   | $ | 57,923 |  |
| Commercial mortgage loans | 93,608 |  |   | — |  |   | — |  |   | 97,389 |  |   | 97,389 |  |
| Certificate loans         | 931 |  |   | — |  |   | 931 |  |   | — |  |   | 931 |  |
| Financial Liabilities     |   |  |   |   |  |   |   |  |   |   |  |   |   |  |
| Certificate reserves      | $ | 4,304,322 |  |   | $ | — |  |   | $ | — |  |   | $ | 4,293,534 |  |   | $ | 4,293,534 |  |

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                      | December 31, 2014 |
|                      | Carrying Value |   | Fair Value |
|                      | Level 1 |   | Level 2 |   | Level 3 |   | Total |
|                      | (in thousands) |
| Financial Assets          |   |  |   |   |  |   |   |  |   |   |  |   |   |  |
| Syndicated loans          | $ | 57,850 |  |   | $ | — |  |   | $ | 54,933 |  |   | $ | 2,603 |  |   | $ | 57,536 |  |
| Commercial mortgage loans | 94,632 |  |   | — |  |   | — |  |   | 98,293 |  |   | 98,293 |  |
| Certificate loans         | 926 |  |   | — |  |   | 926 |  |   | — |  |   | 926 |  |
| Financial Liabilities     |   |  |   |   |  |   |   |  |   |   |  |   |   |  |
| Certificate reserves      | $ | 4,200,895 |  |   | $ | — |  |   | $ | — |  |   | $ | 4,195,429 |  |   | $ | 4,195,429 |  |

----

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                      | March 31, 2015 |
|                      | Gross Amounts of Recognized Assets |   | Gross Amounts Offset in the Consolidated Balance Sheets |   | Amounts of Assets Presented in the Consolidated Balance Sheets |   | Gross Amounts Not Offset in the Consolidated Balance Sheets |   |   |
|                      |   |   |   | Financial Instruments (1) |   | Cash Collateral |   | Net Amount |
|                      | (in thousands) |
| Equity options, purchased | $ | 33,363 |  |   | $ | — |  |   | $ | 33,363 |  |   | $ | (28,345 | ) |   | $ | (3,638 | ) |   | $ | 1,380 |  |

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                      | December 31, 2014 |
|                      | Gross Amounts of Recognized Assets |   | Gross Amounts Offset in the Consolidated Balance Sheets |   | Amounts of Assets Presented in the Consolidated Balance Sheets |   | Gross Amounts Not Offset in the Consolidated Balance Sheets |   |   |
|                      |   |   |   | Financial Instruments (1) |   | Cash Collateral |   | Net Amount |
|                      | (in thousands) |
| Equity options, purchased | $ | 45,857 |  |   | $ | — |  |   | $ | 45,857 |  |   | $ | (40,073 | ) |   | $ | (3,824 | ) |   | $ | 1,960 |  |

|                         |
|-------------------------|
|                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                    | March 31, 2015 |
|                    | Gross Amounts of Recognized Liabilities |   | Gross Amounts Offset in the Consolidated Balance Sheets |   | Amounts of Liabilities Presented in the Consolidated Balance Sheets |   | Gross Amounts Not Offset in the Consolidated Balance Sheets |   |   |
|                    |   |   |   | Financial Instruments (1) |   | Cash Collateral |   | Net Amount |
|                    | (in thousands) |
| Equity options, written | $ | 28,345 |  |   | $ | — |  |   | $ | 28,345 |  |   | $ | (28,345 | ) |   | $ | — |  |   | $ | — |  |

|                         |
|-------------------------|
|                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                    | December 31, 2014 |
|                    | Gross Amounts of Recognized Liabilities |   | Gross Amounts Offset in the Consolidated Balance Sheets |   | Amounts of Liabilities Presented in the Consolidated Balance Sheets |   | Gross Amounts Not Offset in the Consolidated Balance Sheets |   |   |
|                    |   |   |   | Financial Instruments (1) |   | Cash Collateral |   | Net Amount |
|                    | (in thousands) |
| Equity options, written | $ | 40,073 |  |   | $ | — |  |   | $ | 40,073 |  |   | $ | (40,073 | ) |   | $ | — |  |   | $ | — |  |

----

|                                                                       |
|-----------------------------------------------------------------------|
|                                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Derivatives not designated as hedging instruments |   | Balance Sheet Location |   | Asset |   | Balance Sheet Location |   | Liability |
|                                                                  |   | March 31, 2015 |   | December 31, 2014 |   |   | March 31, 2015 |   | December 31, 2014 |
| (in thousands)                                                   |
| Equity contracts                                                      |   |   |   |   |   |   |   |   |
| Stock market certificates                                             |   | Equity options, purchased |   | $ | 33,363 |  |   | $ | 45,857 |  |   | Equity options, written |   | $ | 28,345 |  |   | $ | 40,073 |  |
| Stock market certificates embedded derivatives                        |   | N/A |   | — |  |   | — |  |   | Certificate reserves |   | 5,163 |  |   | 5,875 |  |
| Total                                                                 |   |   |   | $ | 33,363 |  |   | $ | 45,857 |  |   |   |   | $ | 33,508 |  |   | $ | 45,948 |  |
| N/A Not applicable.                                                   |

|                                                                       |
|-----------------------------------------------------------------------|
|                                                                       |  |  |  |  |  |  |  |  |  |  |
| Derivatives not designated as hedging instruments |   | Location of Gain (Loss) on Derivatives Recognized in Income |   | Amount of Gain (Loss) on Derivatives Recognized in Income |
|                                                                  |   | Three Months Ended March 31, |
|                                                                  |   | 2015 |   | 2014 |
|                                                                  |   |   |   | (in thousands) |
| Equity contracts                                                      |   |   |   |   |  |   |   |  |
| Stock market certificates                                             |   | Net provision for certificate reserves |   | $ | 497 |  |   | $ | 584 |  |
| Stock market certificates embedded derivatives                        |   | Net provision for certificate reserves |   | (292 | ) |   | (608 | ) |
| Total                                                                 |   |   |   | $ | 205 |  |   | $ | (24 | ) |

----

|                                                                |
|----------------------------------------------------------------|
|                                                                |  |  |  |  |  |  |  |  |  |  |
| Accumulated Other Comprehensive Income (Loss) Reclassification |   | Location of Gain (Loss) Recognized in Income |   | 2015 |   | 2014 |
|                                                           |   |   |   | (in thousands) |
| Unrealized net losses (gains) on Available-for-Sale securities |   | Net investment income |   | $ | 921 |  |   | $ | (369 | ) |
| Tax expense (benefit)                                          |   | Income tax provision |   | (322 | ) |   | 129 |  |
| Net of tax                                                     |   |   |   | $ | 599 |  |   | $ | (240 | ) |

----

----

----

|        |
|--------|
|        |  |  |  |
|   |   | AMERIPRISE CERTIFICATE COMPANY |   |
|   |   | (Registrant) |   |
|   |   |   |   |
| Date:  | May 4, 2015 | /s/ Abu M. Arif |   |
|   |   | Abu M. Arif |   |
|   |   | Chief Executive Officer |   |
|   |   |   |   |
|   |   |   |   |
| Date:  | May 4, 2015 | /s/ Ross P. Palacios |   |
|   |   | Ross P. Palacios |   |
|   |   | Chief Financial Officer |   |

----

----

|      |                                                                                                                                                                                                                                                                                        |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 3(a) | Amended and Restated Certificate of Incorporation of American Express Certificate Company, dated August 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. |

|       |                                                                                                                                               |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------|
| 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. |