Ameriprise Financial : RiverSource Life Insurance Co. of New York Third Quarter Statement

STATEMENT AS OF SEPTEMBER 30, 2021 OF THE RiverSource Life Insurance Co. of New York

ASSETS

			Current Statement Date		4
		1	2		3	December 31
					Net Admitted Assets	Prior Year Net
		Assets	Nonadmitted Assets		(Cols. 1 - 2)	Admitted Assets
1.	Bonds	1,486,941,675			1,486,941,675	1,678,696,378
2.	Stocks:
	2.1 Preferred stocks

2.2 Common stocks

3. Mortgage loans on real estate:

3.1	First liens	161,683,088	161,683,088	168,919,816
3.2	Other than first liens

4. Real estate:

1. Properties occupied by the company (less $ encumbrances)
2. Properties held for the production of income (less

	$		encumbrances)
	4.3 Properties held for sale (less $
	encumbrances)
5.	Cash ($	(4,109,828) ), cash equivalents
	($	433,993,051	) and short-term
	investments ($	110,428 )		429,993,651		429,993,651	260,184,457
6.	Contract loans (including $	premium notes)		49,517,297	3,199	49,514,098	48,704,372
7.	Derivatives				424,868,428		424,868,428	411,461,909
8.	Other invested assets			115,793		115,793	116,705
9.	Receivables for securities			1,929,713		1,929,713	3,310,504
10.	Securities lending reinvested collateral assets

11. Aggregate write-ins for invested assets

12.	Subtotals, cash and invested assets (Lines 1 to 11)	2,555,049,645	3,199	2,555,046,446	2,571,394,141
13.	Title plants less $	charged off (for Title insurers
	only)
14.	Investment income due and accrued		13,787,110		13,787,110	13,653,361
15.	Premiums and considerations:
	15.1 Uncollected premiums and agents' balances in the course of collection	397,582	30,418	367,164	525,595

15.2 Deferred premiums, agents' balances and installments booked but deferred and not yet due (including $

	earned but unbilled premiums)
15.3	Accrued retrospective premiums ($	) and
	contracts subject to redetermination ($	)
16. Reinsurance:
16.1	Amounts recoverable from reinsurers		1,749,733		1,749,733	2,029,627
16.2	Funds held by or deposited with reinsured companies
16.3	Other amounts receivable under reinsurance contracts

17. Amounts receivable relating to uninsured plans

18.1	Current federal and foreign income tax recoverable and interest thereon
18.2	Net deferred tax asset	74,559,161	32,823,260	41,735,901	27,681,705

19. Guaranty funds receivable or on deposit

20. Electronic data processing equipment and software

21. Furniture and equipment, including health care delivery assets

($)

22. Net adjustment in assets and liabilities due to foreign exchange rates

23.	Receivables from parent, subsidiaries and affiliates	4,993,917		4,993,917	3,262,711
24.	Health care ($	) and other amounts receivable
25.	Aggregate write-ins for other than invested assets	179,339,081	33,190	179,305,891	56,349,165
26.	Total assets excluding Separate Accounts, Segregated Accounts and
	Protected Cell Accounts (Lines 12 to 25)	2,829,876,229	32,890,067	2,796,986,162	2,674,896,305

27. From Separate Accounts, Segregated Accounts and Protected Cell

	Accounts	5,303,221,884		5,303,221,884	5,127,994,711
28.	Total (Lines 26 and 27)	8,133,098,113	32,890,067	8,100,208,046	7,802,891,016
	DETAILS OF WRITE-INS
1101.
1102.
1103.
1198.	Summary of remaining write-ins for Line 11 from overflow page
1199.	Totals (Lines 1101 through 1103 plus 1198)(Line 11 above)
2501.	Derivative collateral	169,231,003		169,231,003	46,461,055
2502.	Business owned life insurance	7,236,939		7,236,939	7,181,819
2503.	Reinsurance premium asset	2,381,821		2,381,821	2,410,402
2598.	Summary of remaining write-ins for Line 25 from overflow page	489,318	33,190	456,128	295,889
2599.	Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)	179,339,081	33,190	179,305,891	56,349,165

2

STATEMENT AS OF SEPTEMBER 30, 2021 OF THE RiverSource Life Insurance Co. of New York

LIABILITIES, SURPLUS AND OTHER FUNDS

					1	2
					Current	December 31
					Statement Date	Prior Year
1.	Aggregate reserve for life contracts $	1,749,848,704	less $	included in Line 6.3
	(including $	Modco Reserve)			1,749,848,704	1,749,334,873
2.	Aggregate reserve for accident and health contracts (including $	Modco Reserve)	251,262,168	253,838,612
3.	Liability for deposit-type contracts (including $	Modco Reserve)		3,117,431	3,072,610

4. Contract claims:

4.1	Life		3,826,940	4,727,353
4.2	Accident and health			1,103,481	1,227,153
5. Policyholders' dividends/refunds to members $	and coupons $	due
and unpaid

6. Provision for policyholders' dividends, refunds to members and coupons payable in following calendar year - estimated amounts:

6.1 Policyholders' dividends and refunds to members apportioned for payment (including $

	Modco)
6.2	Policyholders' dividends and refunds to members not yet apportioned (including $	Modco)
6.3	Coupons and similar benefits (including $	Modco)

1. Amount provisionally held for deferred dividend policies not included in Line 6
2. Premiums and annuity considerations for life and accident and health contracts received in advance less

$

discount; including $

130,794 accident and health premiums

243,001

264,666

9. Contract liabilities not included elsewhere:

	9.1	Surrender values on canceled contracts
	9.2	Provision for experience rating refunds, including the liability of $	accident and health
		experience rating refunds of which $	is for medical loss ratio rebate per the Public Health
		Service Act			38,572	31,448
	9.3 Other amounts payable on reinsurance, including $	assumed and $	1,550,719
		ceded			1,550,719	1,556,906
	9.4 Interest Maintenance Reserve			5,197,412	1,986,626
10.	Commissions to agents due or accrued-life and annuity contracts $	, accident and health
	$	and deposit-type contract funds $				144
11.	Commissions and expense allowances payable on reinsurance assumed
12.	General expenses due or accrued			103,484	183,113
13.	Transfers to Separate Accounts due or accrued (net) (including $	(138,230,903) accrued for expense
	allowances recognized in reserves, net of reinsured allowances)			(142,423,870)	(143,086,179)
14.	Taxes, licenses and fees due or accrued, excluding federal income taxes		(537,122)	(281,933)
15.1 Current federal and foreign income taxes, including $	on realized capital gains (losses)	1,634,967	19,315,143
15.2	Net deferred tax liability
16.	Unearned investment income			314,116	322,156
17.	Amounts withheld or retained by reporting entity as agent or trustee			120,808	66,171
18.	Amounts held for agents' account, including $	agents' credit balances
19.	Remittances and items not allocated			1,173,592	2,908,048

20. Net adjustment in assets and liabilities due to foreign exchange rates

21. Liability for benefits for employees and agents if not included above

22. Borrowed money $and interest thereon $

23. Dividends to stockholders declared and unpaid

24. Miscellaneous liabilities:

24.01	Asset valuation reserve			541,390	17,778,256
24.02	Reinsurance in unauthorized and certified ($	) companies
24.03	Funds held under reinsurance treaties with unauthorized and certified ($	) reinsurers
24.04	Payable to parent, subsidiaries and affiliates			9,384,073	6,595,954
24.05	Drafts outstanding

1. Liability for amounts held under uninsured plans
2. Funds held under coinsurance

	24.08	Derivatives		312,477,257	193,350,870
	24.09	Payable for securities		47,380,875	1,583,201
	24.10	Payable for securities lending
	24.11 Capital notes $	and interest thereon $
25.	Aggregate write-ins for liabilities		231,152,696	255,252,164
26.	Total liabilities excluding Separate Accounts business (Lines 1 to 25)	2,477,510,694	2,370,027,355
27.	From Separate Accounts Statement		5,302,722,110	5,127,510,459
28.	Total liabilities (Lines 26 and 27)		7,780,232,804	7,497,537,814
29.	Common capital stock		2,000,000	2,000,000

1. Preferred capital stock
2. Aggregate write-ins for other than special surplus funds
3. Surplus notes

33. Gross paid in and contributed surplus

106,925,830

106,925,830

34. Aggregate write-ins for special surplus funds

35. Unassigned funds (surplus)

211,049,412

196,427,372

36. Less treasury stock, at cost:

	36.1	shares common (value included in Line 29	$	)
	36.2	shares preferred (value included in Line 30	$	)
37.	Surplus (Total Lines 31+32+33+34+35-36) (including $	499,774	in Separate Accounts Statement)	317,975,242	303,353,202
38.	Totals of Lines 29, 30 and 37					319,975,242	305,353,202
39.	Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)				8,100,208,046	7,802,891,016
	DETAILS OF WRITE-INS
2501.	DERIVATIVE COLLATERAL					231,152,696	255,252,164
2502.
2503.
2598.	Summary of remaining write-ins for Line 25 from overflow page
2599.	Totals (Lines 2501 through 2503 plus 2598)(Line 25 above)				231,152,696	255,252,164
3101.
3102.
3103.
3198.	Summary of remaining write-ins for Line 31 from overflow page
3199.	Totals (Lines 3101 through 3103 plus 3198)(Line 31 above)
3401.
3402.
3403.
3498.	Summary of remaining write-ins for Line 34 from overflow page
3499.	Totals (Lines 3401 through 3403 plus 3498)(Line 34 above)

3

STATEMENT AS OF SEPTEMBER 30, 2021 OF THE RiverSource Life Insurance Co. of New York

SUMMARY OF OPERATIONS

		1	2	3
		Current Year	Prior Year	Prior Year Ended
		To Date	To Date	December 31
1.	Premiums and annuity considerations for life and accident and health contracts	223,143,276	222,903,314	297,102,851
2.	Considerations for supplementary contracts with life contingencies
3.	Net investment income	65,242,066	61,737,375	83,344,888
4.	Amortization of Interest Maintenance Reserve (IMR)	405,375	368,689	484,847
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	28,908	13,749	53,241
6.	Commissions and expense allowances on reinsurance ceded	1,944,232	1,817,920	2,428,450

1. Reserve adjustments on reinsurance ceded
2. Miscellaneous Income:

	8.1	Income from fees associated with investment management, administration and contract
		guarantees from Separate Accounts	77,118,059	69,950,640	95,495,064
	8.2	Charges and fees for deposit-type contracts
	8.3	Aggregate write-ins for miscellaneous income	29,506,839	26,070,441	35,367,633
9.	Totals (Lines 1 to 8.3)	397,388,755	382,862,128	514,276,974
10.	Death benefits	15,098,949	13,319,091	20,249,735
11.	Matured endowments (excluding guaranteed annual pure endowments)
12.	Annuity benefits	63,305,097	65,075,710	85,219,392
13.	Disability benefits and benefits under accident and health contracts	10,575,871	10,677,572	14,353,431

14. Coupons, guaranteed annual pure endowments and similar benefits

15.	Surrender benefits and withdrawals for life contracts	299,386,962	234,937,662	329,947,890
16.	Group conversions
17.	Interest and adjustments on contract or deposit-type contract funds	102,332	136,466	150,330
18.	Payments on supplementary contracts with life contingencies
19.	Increase in aggregate reserves for life and accident and health contracts	(2,062,613)
19,207,118	74,385,881
20.	Totals (Lines 10 to 19)	386,406,598	343,353,619	524,306,659

21. Commissions on premiums, annuity considerations, and deposit-type contract funds (direct

	business only)	21,968,278	20,012,139	27,116,937
22.	Commissions and expense allowances on reinsurance assumed
23.	General insurance expenses and fraternal expenses	16,104,315	17,100,171	21,779,351
24.	Insurance taxes, licenses and fees, excluding federal income taxes	1,730,614	1,879,969	3,625,347
25.	Increase in loading on deferred and uncollected premiums	8,794	(693)	5,513
26.	Net transfers to or (from) Separate Accounts net of reinsurance	(119,287,764)	(70,659,920)	(110,947,084)
27.	Aggregate write-ins for deductions	177,072	168,612	210,866
28.	Totals (Lines 20 to 27)	307,107,907	311,853,897	466,097,589

29. Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus

Line 28)

90,280,848

71,008,231

48,179,385

1. Dividends to policyholders and refunds to members
2. Net gain from operations after dividends to policyholders, refunds to members and before federal

income taxes (Line 29 minus Line 30)	90,280,848	71,008,231	48,179,385
32. Federal and foreign income taxes incurred (excluding tax on capital gains)	37,789,336	15,777,043	34,374,889

33. Net gain from operations after dividends to policyholders, refunds to members and federal income

	taxes and before realized capital gains or (losses) (Line 31 minus Line 32)		52,491,512	55,231,188	13,804,496
34.	Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital
	gains tax of $	(21,484,957) (excluding taxes of $	961,258
	transferred to the IMR)			(80,824,361)	(17,592,053)	(60,011,691)
35.	Net income (Line 33 plus Line 34)		(28,332,849)	37,639,135	(46,207,195)
		CAPITAL AND SURPLUS ACCOUNT
36.	Capital and surplus, December 31, prior year		305,353,202	234,259,502	234,259,502
37.	Net income (Line 35)			(28,332,849)	37,639,135	(46,207,195)
38.	Change in net unrealized capital gains (losses) less capital gains tax of $	2,590,656	9,744,889	100,344,542	96,875,681
39.	Change in net unrealized foreign exchange capital gain (loss)		(31,408)	(426,264)	411,567
40.	Change in net deferred income tax		21,670,876	2,409,496	26,469,450
41.	Change in nonadmitted assets		(5,051,132)	21,629,828	8,523,886
42.	Change in liability for reinsurance in unauthorized and certified companies
43.	Change in reserve on account of change in valuation basis, (increase) or decrease		2,386,624	2,386,624
44.	Change in asset valuation reserve		17,236,866	(17,123,804)	(17,366,313)
45.	Change in treasury stock
46.	Surplus (contributed to) withdrawn from Separate Accounts during period		(13,385)	(5,091)	(5,433)
47.	Other changes in surplus in Separate Accounts Statement		13,385	5,091	5,433
48.	Change in surplus notes
49.	Cumulative effect of changes in accounting principles		(615,202)

50. Capital changes:

1. Paid in
2. Transferred from surplus (Stock Dividend)
3. Transferred to surplus

51. Surplus adjustment:

1. 1. Paid in
   2. Transferred to capital (Stock Dividend)
   3. Transferred from capital
   4. Change in surplus as a result of reinsurance
2. Dividends to stockholders
3. Aggregate write-ins for gains and losses in surplus

54.	Net change in capital and surplus for the year (Lines 37 through 53)	14,622,040	146,859,557	71,093,700
55.	Capital and surplus, as of statement date (Lines 36 + 54)	319,975,242	381,119,059	305,353,202
	DETAILS OF WRITE-INS
08.301. MISCELLANEOUS INCOME		26,070,441		35,367,633
29,506,839
08.302.
08.303.
08.398. Summary of remaining write-ins for Line 8.3 from overflow page
08.399. Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3 above)	29,506,839	26,070,441		35,367,633
2701.	MISCELLANEOUS DEDUCTIONS	177,072	168,612		210,866
2702.
2703.
2798.	Summary of remaining write-ins for Line 27 from overflow page
2799.	Totals (Lines 2701 through 2703 plus 2798)(Line 27 above)	177,072	168,612		210,866
5301.
5302.
5303.
5398.	Summary of remaining write-ins for Line 53 from overflow page
5399.	Totals (Lines 5301 through 5303 plus 5398)(Line 53 above)

4

STATEMENT AS OF SEPTEMBER 30, 2021 OF THE RiverSource Life Insurance Co. of New York

CASH FLOW

			1	2	3
			Current Year	Prior Year	Prior Year Ended
			To Date	To Date	December 31
	Cash from Operations
1.	Premiums collected net of reinsurance		223,279,584	222,623,041	296,961,505
2.	Net investment income		55,447,813	52,950,936	72,733,513
3.	Miscellaneous income		106,782,804	96,835,071	133,086,838
4.	Total (Lines 1 to 3)		385,510,201	372,409,048	502,781,856
5.	Benefit and loss related payments		389,219,589	322,818,596	448,142,191
6.	Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts	(119,963,459)	(73,368,072)	(112,045,750)
7.	Commissions, expenses paid and aggregate write-ins for deductions		37,527,122	39,785,640	52,273,444
8.	Dividends paid to policyholders
9.	Federal and foreign income taxes paid (recovered) net of $	tax on capital
	gains (losses)		34,945,813	(816,311)	(816,311)
10.	Total (Lines 5 through 9)		341,729,065	288,419,853	387,553,574
11.	Net cash from operations (Line 4 minus Line 10)		43,781,136	83,989,195	115,228,282

Cash from Investments

12. Proceeds from investments sold, matured or repaid:

12.1	Bonds	274,953,479	157,403,849	213,441,725
12.2	Stocks	22,525
12.3	Mortgage loans	12,767,999	13,926,700	18,507,755
12.4	Real estate
12.5	Other invested assets
12.6	Net gains or (losses) on cash, cash equivalents and short-term investments	(116,177)	(334,474)	(315,315)
12.7	Miscellaneous proceeds	20,004,823	117,258,524	20,863,907
12.8 Total investment proceeds (Lines 12.1 to 12.7)	307,632,649	288,254,599	252,498,072
13. Cost of investments acquired (long-term only):
13.1	Bonds	80,040,197	254,041,539	328,807,198
13.2	Stocks
13.3	Mortgage loans	5,700,000	21,935,490	23,585,490
13.4	Real estate
13.5	Other invested assets
13.6	Miscellaneous applications	93,270,042		2,814,817
13.7	Total investments acquired (Lines 13.1 to 13.6)	179,010,239	275,977,029	355,207,505
14. Net increase (or decrease) in contract loans and premium notes	805,613	(442,211)	(621,577)
15. Net cash from investments (Line 12.8 minus Line 13.7 and Line 14)	127,816,797	12,719,781	(102,087,856)

Cash from Financing and Miscellaneous Sources

16. Cash provided (applied):

16.1	Surplus notes, capital notes
16.2	Capital and paid in surplus, less treasury stock
16.3	Borrowed funds
16.4	Net deposits on deposit-type contracts and other insurance liabilities	44,821	(68,958)	(150,139)
16.5 Dividends to stockholders
16.6 Other cash provided (applied)	(1,833,560)	567,287	1,836,655

17. Net cash from financing and miscellaneous sources (Line 16.1 through Line 16.4 minus Line 16.5

	plus Line 16.6)	(1,788,739)	498,329	1,686,516
	RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
18.	Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17)	169,809,194	97,207,304	14,826,942
19.	Cash, cash equivalents and short-term investments:
	19.1 Beginning of year	260,184,457	245,357,515	245,357,515
	19.2 End of period (Line 18 plus Line 19.1)	429,993,651	342,564,819	260,184,457
Note: Supplemental disclosures of cash flow information for non-cash transactions:
20.0001. Exchange of an investment that resulted in a realized gain and an increase to amortized
	cost	596,406

5