visit ameriprise.com/paperless
S-6199 R (4/13)
Issued by: RiverSource Life Insurance Company
2012 Annual Repor t
RiverSource
姞
Annual Financial Information
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
TO THE BOARD OF DIRECTORS OF
RIVERSOURCE LIFE INSURANCE COMPANY
In our opinion, the accompanying statement of assets and liabilities and the related statements of operations and of changes in
net assets present fairly, in all material respects, the financial position of each of the divisions of RiverSource Variable Life
Separate Account that is offered through RiverSource» Single Premium Variable Life Insurance (the Account) sponsored by
RiverSource Life Insurance Company, referred to in Note 1, at December 31, 2012, the results of their operations for the
period then ended, and the changes in their net assets for the periods presented, in conformity with accounting principles
generally accepted in the United States of America. These financial statements are the responsibility of the management of
RiverSource Life Insurance Company; our responsibility is to express an opinion on these financial statements based on our
audits. The financial statements of the divisions of the Account, including the financial highlights which appear in the
footnotes, for the periods ended December 31, 2010 and prior were audited by another independent registered public
accounting firm whose report dated April 22, 2011 expressed an unqualified opinion. We conducted our audits of these
financial statements 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, assessing the accounting principles used and significant estimates made by
management, and evaluating the overall financial statement presentation. We believe that our audits, which included
confirmation of securities at December 31, 2012 by correspondence with the affiliated and unaffiliated mutual fund managers,
provide a reasonable basis for our opinion.
PricewaterhouseCoopers LLP
April 22, 2013
Dec. 31, 2012
AB VPS Gro & Inc,
Cl B AB VPS Intl Val, Cl B AB VPS Lg Cap Gro, Cl B AC VP Intl, Cl II AC VP Val, Cl II
Assets
Investments, at fair value(1),(2) $18,014,034 $44,049,167 $3,005,404 $8,070,308 $22,101,001
Dividends receivable — — — — —
Accounts receivable from RiverSource Life for contract purchase payments 1,280 — 7,074 1,218 23,862
Receivable for share redemptions 13,306 48,890 2,048 6,135 16,757
Total assets 18,028,620 44,098,057 3,014,526 8,077,661 22,141,620
Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee 13,306 31,192 2,048 6,135 16,757
Minimum death benefit guarantee risk charge — — — — —
Contract terminations — 17,698 — — —
Payable for investments purchased 1,280 — 7,074 1,218 23,862
Total liabilities 14,586 48,890 9,122 7,353 40,619
Net assets applicable to Variable Life contracts in accumulation period 18,013,930 44,049,084 3,005,274 8,070,148 22,100,923
Net assets applicable to seed money 104 83 130 160 78
Total net assets $18,014,034 $44,049,167 $3,005,404 $8,070,308 $22,101,001
(1)Investment shares 871,928 3,430,620 98,927 904,743 3,384,533 (2)Investments, at cost $18,215,461 $51,915,627 $2,618,639 $7,302,024 $22,887,223 Dec. 31, 2012 (continued) Calvert VP SRI Bal Col VP Bal, Cl 3 Col VP Cash Mgmt, Cl 3 Col VP Div Bond, Cl 3 Col VP Divd Opp, Cl 3
Assets
Investments, at fair value(1),(2) $6,642,258 $147,213,484 $67,467,790 $148,725,980 $190,613,224
Dividends receivable — — 55 — —
Accounts receivable from RiverSource Life for contract purchase payments 489 — 30,173 15,742 66,444
Receivable for share redemptions 13,181 — — — —
Total assets 6,655,928 147,213,484 67,498,018 148,741,722 190,679,668
Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee 4,227 102,198 41,955 96,675 124,044
Minimum death benefit guarantee risk charge — 1,040 112 204 —
Contract terminations 8,954 51,484 12,592 23,252 —
Payable for investments purchased 489 — — — —
Total liabilities 13,670 154,722 54,659 120,131 124,044
Net assets applicable to Variable Life contracts in accumulation period 6,642,182 147,058,752 67,441,360 148,621,516 190,555,546
Net assets applicable to seed money 76 10 1,999 75 78
Total net assets $6,642,258 $147,058,762 $67,443,359 $148,621,591 $190,555,624
(1)Investment shares 3,479,444 9,098,485 67,467,790 13,196,626 13,366,986
(2)Investments, at cost $6,149,613 $127,976,854 $67,457,325 $140,783,212 $168,939,949
See accompanying notes to financial statements.
Dec. 31, 2012 (continued) Col VP Emer Mkts, Cl 3 Col VP Global Bond, Cl 3 Col VP Hi Inc, Cl 2 Col VP Hi Yield Bond, Cl 3 Col VP Inc Opp, Cl 3
Assets
Investments, at fair value(1),(2) $52,727,187 $42,312,931 $8,978,866 $66,880,189 $21,016,808
Dividends receivable — — — — —
Accounts receivable from RiverSource Life for contract purchase payments — 7,436 — 8,011 4,239
Receivable for share redemptions — — — — —
Total assets 52,727,187 42,320,367 8,978,866 66,888,200 21,021,047
Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee 34,056 27,309 6,087 43,730 13,734
Minimum death benefit guarantee risk charge — — — — —
Contract terminations 18,700 2,207 191 1,899 1,242
Payable for investments purchased — — — — —
Total liabilities 52,756 29,516 6,278 45,629 14,976
Net assets applicable to Variable Life contracts in accumulation period 52,674,350 42,290,776 8,972,434 66,842,494 21,005,994
Net assets applicable to seed money 81 75 154 77 77
Total net assets $52,674,431 $42,290,851 $8,972,588 $66,842,571 $21,006,071
(1)Investment shares 3,258,788 3,465,433 841,506 9,276,032 1,995,898 (2)Investments, at cost $47,367,014 $39,466,620 $8,286,333 $60,916,998 $19,845,914 Dec. 31, 2012 (continued) Col VP Intl Opp, Cl 3 Col VP Lg Cap Gro, Cl 3 Col VP Lg Core Quan, Cl 3 Col VP Mid Cap Gro Opp,
Cl 3
Col VP Mid Cap Val Opp,
Cl 3
Assets
Investments, at fair value(1),(2) $85,752,969 $40,685,016 $245,440,959 $12,118,795 $9,236,448
Dividends receivable — — — — —
Accounts receivable from RiverSource Life for contract purchase payments — 21,146 7,972 15,106 —
Receivable for share redemptions — — — — —
Total assets 85,752,969 40,706,162 245,448,931 12,133,901 9,236,448
Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee 58,496 25,879 162,104 7,543 6,292
Minimum death benefit guarantee risk charge — — 323 — —
Contract terminations 12,340 2,685 32,466 — 1,818
Payable for investments purchased — — — — —
Total liabilities 70,836 28,564 194,893 7,543 8,110
Net assets applicable to Variable Life contracts in accumulation period 85,682,052 40,677,588 245,253,934 12,126,348 9,228,327
Net assets applicable to seed money 81 10 104 10 11
Total net assets $85,682,133 $40,677,598 $245,254,038 $12,126,358 $9,228,338
(1)Investment shares 7,092,884 5,130,519 10,602,201 882,651 778,134
(2)Investments, at cost $66,450,310 $33,425,091 $211,371,373 $10,848,068 $8,205,562
See accompanying notes to financial statements.
Dec. 31, 2012 (continued)
Col VP S&P 500,
Cl 3
Col VP Select Lg Cap Val,
Cl 3
Col VP Select Sm Cap Val,
Cl 3 Col VP US Govt Mtge, Cl 3 CS Commodity Return
Assets
Investments, at fair value(1),(2) $39,419,060 $4,438,532 $13,199,725 $36,210,189 $13,293,710
Dividends receivable — — — — —
Accounts receivable from RiverSource Life for contract purchase payments 9,698 — 4,850 4,971 25,258
Receivable for share redemptions — — — — 8,314
Total assets 39,428,758 4,438,532 13,204,575 36,215,160 13,327,282
Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee 24,260 2,893 8,248 23,078 8,314
Minimum death benefit guarantee risk charge — — — 103 —
Contract terminations — 3,171 3,593 111 —
Payable for investments purchased — — — — 25,258
Total liabilities 24,260 6,064 11,841 23,292 33,572
Net assets applicable to Variable Life contracts in accumulation period 39,404,488 4,432,457 13,192,723 36,191,793 13,293,710
Net assets applicable to seed money 10 11 11 75 —
Total net assets $39,404,498 $4,432,468 $13,192,734 $36,191,868 $13,293,710
(1)Investment shares 3,899,017 380,337 1,064,494 3,451,877 1,896,392 (2)Investments, at cost $31,561,001 $3,698,774 $12,017,085 $35,529,404 $16,748,545 Dec. 31, 2012 (continued) EV VT Floating-Rate Inc Fid VIP Contrafund, Serv Cl 2 Fid VIP Gro & Inc,
Serv Cl 2 Fid VIP Mid Cap, Serv Cl 2 Fid VIP Overseas, Serv Cl 2
Assets
Investments, at fair value(1),(2) $24,634,418 $72,573,416 $25,464,338 $62,498,633 $12,363,830
Dividends receivable 86,012 — — — —
Accounts receivable from RiverSource Life for contract purchase payments 688 1,996 6,084 18,116 —
Receivable for share redemptions 19,271 66,958 19,424 47,568 11,355
Total assets 24,740,389 72,642,370 25,489,846 62,564,317 12,375,185
Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee 15,456 46,340 19,424 47,568 9,425
Minimum death benefit guarantee risk charge — — — — —
Contract terminations 3,814 20,618 — — 1,930
Payable for investments purchased 86,701 1,996 6,084 18,116 —
Total liabilities 105,971 68,954 25,508 65,684 11,355
Net assets applicable to Variable Life contracts in accumulation period 24,632,404 72,573,312 25,464,260 62,498,501 12,363,671
Net assets applicable to seed money 2,014 104 78 132 159
Total net assets $24,634,418 $72,573,416 $25,464,338 $62,498,633 $12,363,830
(1)Investment shares 2,604,061 2,791,285 1,774,518 2,084,678 775,162
(2)Investments, at cost $23,951,622 $62,810,766 $23,454,746 $59,219,755 $13,546,593
See accompanying notes to financial statements.
Dec. 31, 2012 (continued)
FTVIPT Frank Global Real Est,
Cl 2
FTVIPT Frank Sm Cap Val,
Cl 2
FTVIPT Mutual Shares Sec,
Cl 2
GS VIT Mid Cap Val,
Inst
GS VIT Structd U.S. Eq,
Inst
Assets
Investments, at fair value(1),(2) $49,524,166 $33,051,518 $18,631,871 $86,842,580 $31,535,317
Dividends receivable — — — — —
Accounts receivable from RiverSource Life for contract purchase payments 7,254 5,572 3,588 12,231 755
Receivable for share redemptions 32,018 23,862 31,876 70,517 41,294
Total assets 49,563,438 33,080,952 18,667,335 86,925,328 31,577,366
Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee 32,018 21,617 13,313 54,989 19,979
Minimum death benefit guarantee risk charge — — — — —
Contract terminations — 2,245 18,563 15,528 21,315
Payable for investments purchased 7,254 5,572 3,588 12,231 755
Total liabilities 39,272 29,434 35,464 82,748 42,049
Net assets applicable to Variable Life contracts in accumulation period 49,524,086 33,051,436 18,631,793 86,842,501 31,535,239
Net assets applicable to seed money 80 82 78 79 78
Total net assets $49,524,166 $33,051,518 $18,631,871 $86,842,580 $31,535,317
(1)Investment shares 3,470,509 1,813,029 1,081,990 5,664,878 2,597,637 (2)Investments, at cost $59,349,366 $26,329,096 $18,217,786 $76,862,526 $29,843,580 Dec. 31, 2012 (continued) Invesco VI Div Divd, Ser I Invesco VI Intl Gro, Ser II Invesco VI Tech, Ser I Invesco VI Am Fran, Ser II Invesco VI Comstock, Ser II
Assets
Investments, at fair value(1),(2) $5,681,061 $18,032,293 $5,190,307 $7,149,834 $5,474,973
Dividends receivable — — — — —
Accounts receivable from RiverSource Life for contract purchase payments 2,454 6,620 1,386 5,722 1,118
Receivable for share redemptions 3,841 10,260 8,139 5,421 3,494
Total assets 5,687,356 18,049,173 5,199,832 7,160,977 5,479,585
Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee 3,682 10,260 3,504 5,421 3,494
Minimum death benefit guarantee risk charge — — — — —
Contract terminations 159 — 4,635 — —
Payable for investments purchased 2,454 6,620 1,386 5,722 1,118
Total liabilities 6,295 16,880 9,525 11,143 4,612
Net assets applicable to Variable Life contracts in accumulation period 5,680,983 18,032,160 5,190,226 7,149,529 5,474,894
Net assets applicable to seed money 78 133 81 305 79
Total net assets $5,681,061 $18,032,293 $5,190,307 $7,149,834 $5,474,973
(1)Investment shares 347,678 607,557 307,665 201,121 414,143
(2)Investments, at cost $5,281,806 $15,654,131 $4,277,829 $7,329,547 $4,637,276
See accompanying notes to financial statements.
Dec. 31, 2012 (continued)
Invesco VI Mid Cap Gro,
Ser I
Invesco VI Mid Cap Gro,
Ser II Janus Aspen Global Tech, Serv Janus Aspen Janus, Serv Janus Aspen Overseas, Serv
Assets
Investments, at fair value(1),(2) $5,711,736 $2,869,987 $10,290,594 $8,140,280 $59,609,546
Dividends receivable — — — — —
Accounts receivable from RiverSource Life for contract purchase payments 3,569 3,904 1,546 — 25,714
Receivable for share redemptions 3,192 2,186 5,973 11,182 56,684
Total assets 5,718,497 2,876,077 10,298,113 8,151,462 59,691,944
Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee 3,192 2,186 5,973 5,434 35,708
Minimum death benefit guarantee risk charge — — — — —
Contract terminations — — — 5,748 20,976
Payable for investments purchased 3,569 3,904 1,546 — 25,714
Total liabilities 6,761 6,090 7,519 11,182 82,398
Net assets applicable to Variable Life contracts in accumulation period 5,711,657 2,869,833 10,290,513 8,140,051 59,609,379
Net assets applicable to seed money 79 154 81 229 167
Total net assets $5,711,736 $2,869,987 $10,290,594 $8,140,280 $59,609,546
(1)Investment shares 1,457,075 734,012 1,670,551 311,530 1,609,764
(2)Investments, at cost $5,787,597 $2,916,364 $ 8,194,698 $6,898,969 $65,433,665
Dec. 31, 2012 (continued)
MFS Inv Gro Stock,
Serv Cl MFS New Dis, Serv Cl MFS Utilities, Serv Cl MS UIF Global Real Est,
Cl II
MS UIF Mid Cap Gro,
Cl II
Assets
Investments, at fair value(1),(2) $27,771,553 $22,215,575 $24,689,301 $10,996,802 $7,767,438
Dividends receivable — — — — —
Accounts receivable from RiverSource Life for contract purchase payments 7,780 11,471 3,430 — 4,306
Receivable for share redemptions 17,098 13,114 22,561 20,889 11,565
Total assets 27,796,431 22,240,160 24,715,292 11,017,691 7,783,309
Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee 17,098 13,115 16,553 7,046 5,041
Minimum death benefit guarantee risk charge — — — — —
Contract terminations — — 6,008 13,843 6,524
Payable for investments purchased 7,780 11,471 3,430 — 4,306
Total liabilities 24,878 24,586 25,991 20,889 15,871
Net assets applicable to Variable Life contracts in accumulation period 27,771,474 22,215,494 24,689,196 10,996,722 7,767,358
Net assets applicable to seed money 79 80 105 80 80
Total net assets $27,771,553 $22,215,574 $24,689,301 $10,996,802 $7,767,438
(1)Investment shares 2,327,875 1,480,052 904,701 1,162,453 730,022
(2)Investments, at cost $21,782,981 $21,556,747 $23,136,572 $ 9,245,469 $8,096,076
See accompanying notes to financial statements.
Dec. 31, 2012 (continued)
Oppen Global VA,
Serv
Oppen Global Strategic Inc VA,
Srv Oppen Main St Sm Cap VA, Serv PIMCO VIT All Asset, Advisor Cl Put VT Global Hlth Care, Cl IB
Assets
Investments, at fair value(1),(2) $7,555,222 $63,128,745 $6,638,890 $38,026,738 $4,269,208
Dividends receivable — — — — —
Accounts receivable from RiverSource Life for contract purchase payments 1,566 — 3,590 61,271 636
Receivable for share redemptions 27,348 139,134 4,538 27,717 4,137
Total assets 7,584,136 63,267,879 6,647,018 38,115,726 4,273,981
Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee 5,020 41,374 4,538 23,601 2,925
Minimum death benefit guarantee risk charge — — — — —
Contract terminations 22,328 97,760 — 4,116 1,212
Payable for investments purchased 1,566 — 3,590 61,271 636
Total liabilities 28,914 139,134 8,128 88,988 4,773
Net assets applicable to Variable Life contracts in accumulation period 7,554,956 63,128,669 6,638,809 38,026,738 4,269,130
Net assets applicable to seed money 266 76 81 — 78
Total net assets $7,555,222 $63,128,745 $6,638,890 $38,026,738 $4,269,208
(1)Investment shares 234,270 10,903,065 332,610 3,312,434 330,434 (2)Investments, at cost $6,743,969 $59,047,866 $5,327,419 $36,539,124 $3,983,278 Dec. 31, 2012 (continued) Put VT Intl Eq, Cl IB Put VT Multi-Cap Gro, Cl IB VP Aggr, Cl 2 VP Aggr, Cl 4 VP BR Gl Infl Prot Sec,
Cl 3
Assets
Investments, at fair value(1),(2) $2,518,349 $5,764,066 $76,387,646 $255,806,185 $20,006,579
Dividends receivable — — — — —
Accounts receivable from RiverSource Life for contract purchase payments — 1,056 22,562 59,411 2,648
Receivable for share redemptions 2,048 4,577 — — —
Total assets 2,520,397 5,769,699 76,410,208 255,865,596 20,009,227
Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee 1,873 2,683 49,309 175,665 12,904
Minimum death benefit guarantee risk charge — — — — —
Contract terminations 175 1,894 — — —
Payable for investments purchased — 1,056 — — —
Total liabilities 2,048 5,633 49,309 175,665 12,904
Net assets applicable to Variable Life contracts in accumulation period 2,518,268 5,763,961 76,360,889 255,689,931 19,996,248
Net assets applicable to seed money 81 105 10 — 75
Total net assets $2,518,349 $5,764,066 $76,360,899 $255,689,931 $19,996,323
(1)Investment shares 222,273 256,751 6,140,486 20,530,191 2,092,738
(2)Investments, at cost $2,970,604 $5,082,588 $68,949,883 $209,762,581 $19,997,282
See accompanying notes to financial statements.
Dec. 31, 2012 (continued) VP Conserv, Cl 2 VP Conserv, Cl 4 VP Mod, Cl 2 VP Mod, Cl 4 VP Mod Aggr, Cl 2
Assets
Investments, at fair value(1),(2) $26,664,412 $56,952,620 $252,716,998 $707,493,711 $245,224,090
Dividends receivable — — — — —
Accounts receivable from RiverSource Life for contract purchase payments 20,638 92,927 210,549 77,494 330
Receivable for share redemptions — — — — —
Total assets 26,685,050 57,045,547 252,927,547 707,571,205 245,224,420
Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee 16,935 37,204 163,442 473,760 162,275
Minimum death benefit guarantee risk charge — — — — —
Contract terminations 337 811 87,316 21,790 110,437
Payable for investments purchased — — — — —
Total liabilities 17,272 38,015 250,758 495,550 272,712
Net assets applicable to Variable Life contracts in accumulation period 26,667,768 57,007,522 252,676,779 707,075,645 244,951,698
Net assets applicable to seed money 10 10 10 10 10
Total net assets $26,667,778 $57,007,532 $252,676,789 $707,075,655 $244,951,708
(1)Investment shares 2,288,791 4,888,637 20,646,814 57,754,589 19,808,085 (2)Investments, at cost $25,366,331 $52,474,595 $229,979,353 $594,805,467 $222,483,044 Dec. 31, 2012 (continued) VP Mod Aggr, Cl 4 VP Mod Conserv, Cl 2 VP Mod Conserv, Cl 4 VP Ptnrs Sm Cap Val, Cl 3 VP Sit Divd Gro, Cl 3
Assets
Investments, at fair value(1),(2) $968,517,772 $66,208,576 $146,222,048 $15,531,131 $3,984,793
Dividends receivable — — — — —
Accounts receivable from RiverSource Life for contract purchase payments — 150,898 153,912 — 680
Receivable for share redemptions — — — — —
Total assets 968,517,772 66,359,474 146,375,960 15,531,131 3,985,473
Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee 665,055 43,150 96,069 11,292 2,664
Minimum death benefit guarantee risk charge — — — — —
Contract terminations 738,741 — 2,651 647 39
Payable for investments purchased — — — — —
Total liabilities 1,403,796 43,150 98,720 11,939 2,703
Net assets applicable to Variable Life contracts in accumulation period 967,113,976 66,316,314 146,277,230 15,519,181 3,982,693
Net assets applicable to seed money — 10 10 11 77
Total net assets $967,113,976 $66,316,324 $146,277,240 $15,519,192 $3,982,770
(1)Investment shares 78,106,272 5,549,755 12,225,924 938,437 373,458
(2)Investments, at cost $799,881,291 $61,518,418 $129,146,878 $11,720,317 $3,405,426
See accompanying notes to financial statements.
Dec. 31, 2012 (continued) VP Vty Estb Val, Cl 3 Wanger Intl Wanger USA WF Adv VT Index Asset Alloc, Cl 2 WF Adv VT Intl Eq, Cl 2
Assets
Investments, at fair value(1),(2) $1,714,086 $86,239,561 $88,399,666 $4,800,033 $21,366,003
Dividends receivable — — — — —
Accounts receivable from RiverSource Life for contract purchase payments 274 7,532 — 944 —
Receivable for share redemptions — — — 3,668 37,903
Total assets 1,714,360 86,247,093 88,399,666 4,804,645 21,403,906
Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee 1,110 55,091 57,927 3,668 11,501
Minimum death benefit guarantee risk charge — — — — —
Contract terminations 62 6,037 6,218 — 26,402
Payable for investments purchased — — — 944 —
Total liabilities 1,172 61,128 64,145 4,612 37,903
Net assets applicable to Variable Life contracts in accumulation period 1,713,110 86,185,834 88,335,387 4,799,881 21,365,921
Net assets applicable to seed money 78 131 134 152 82
Total net assets $1,713,188 $86,185,965 $88,335,521 $4,800,033 $21,366,003
(1)Investment shares 140,040 2,764,975 2,612,283 356,350 4,307,662 (2)Investments, at cost $1,492,576 $73,811,741 $73,800,573 $4,409,930 $20,282,835 Dec. 31, 2012 (continued) WF Adv VT Opp, Cl 2 WF Adv VT Sm Cap Gro, Cl 2
Assets
Investments, at fair value(1),(2) $15,065,775 $10,251,517
Dividends receivable — —
Accounts receivable from RiverSource Life for contract purchase payments — 7,343
Receivable for share redemptions 10,466 6,988
Total assets 15,076,241 10,265,848
Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee 10,158 6,988
Minimum death benefit guarantee risk charge — —
Contract terminations 308 —
Payable for investments purchased — 7,343
Total liabilities 10,466 14,331
Net assets applicable to Variable Life contracts in accumulation period 15,065,593 10,251,367
Net assets applicable to seed money 182 150
Total net assets $15,065,775 $10,251,517
(1)Investment shares 751,410 1,300,954
(2)Investments, at cost $12,670,699 $ 9,480,697
See accompanying notes to financial statements.
Year ended Dec. 31, 2012
AB VPS Gro & Inc,
Cl B AB VPS Intl Val, Cl B AB VPS Lg Cap Gro, Cl B AC VP Intl, Cl II AC VP Val, Cl II
Investment income
Dividend income $ 235,195 $ 587,601 $ 940 $ 50,607 $ 378,271Variable account expenses 155,455 361,593 25,588 67,038 192,197
Investment income (loss) — net 79,740 226,008 (24,648) (16,431) 186,074
Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales 2,484,186 6,848,509 1,069,979 803,958 2,420,432
Cost of investments sold 2,607,979 8,679,989 948,765 802,784 2,646,505
Net realized gain (loss) on sales of investments (123,793) (1,831,480) 121,214 1,174 (226,073)
Distributions from capital gains — — — — —
Net change in unrealized appreciation or depreciation of investments 2,625,259 6,989,362 337,665 1,362,865 2,691,136
Net gain (loss) on investments 2,501,466 5,157,882 458,879 1,364,039 2,465,063
Net increase (decrease) in net assets resulting from operations $2,581,206 $ 5,383,890 $ 434,231 $1,347,608 $2,651,137
Year ended Dec. 31, 2012 (continued)
Calvert VP SRI Bal Col VP Bal, Cl 3 Col VP Cash Mgmt, Cl 3 Col VP Div Bond, Cl 3 Col VP Divd Opp, Cl 3
Investment income
Dividend income $ 81,273 $ — $ 7,430 $ 5,615,624 $ —Variable account expenses 52,679 1,245,783 555,115 1,149,657 1,538,629
Investment income (loss) — net 28,594 (1,245,783) (547,685) 4,465,967 (1,538,629)
Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales 1,858,331 22,974,591 31,675,047 23,248,390 39,727,344
Cost of investments sold 1,737,618 21,024,074 31,669,386 21,781,728 37,072,055
Net realized gain (loss) on sales of investments 120,713 1,950,517 5,661 1,466,662 2,655,289
Distributions from capital gains — — — 3,744,873 —
Net change in unrealized appreciation or depreciation of investments 477,226 17,836,964 (5,661) (211,927) 23,141,233
Net gain (loss) on investments 597,939 19,787,481 — 4,999,608 25,796,522
Net increase (decrease) in net assets resulting from operations $ 626,533 $18,541,698 $ (547,685) $ 9,465,575 $24,257,893
Year ended Dec. 31, 2012 (continued)
Col VP Emer Mkts, Cl 3 Col VP Global Bond, Cl 3 Col VP Hi Inc, Cl 2 Col VP Hi Yield Bond, Cl 3 Col VP Inc Opp, Cl 3
Investment income
Dividend income $ 197,690 $1,128,627 $ 567,663 $4,582,425 $1,248,388Variable account expenses 396,729 333,872 67,082 499,678 150,960
Investment income (loss) — net (199,039) 794,755 500,581 4,082,747 1,097,428
Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales 9,923,421 8,480,885 1,550,269 9,732,763 2,884,881
Cost of investments sold 9,631,228 7,958,038 1,461,981 9,037,249 2,777,556
Net realized gain (loss) on sales of investments 292,193 522,847 88,288 695,514 107,325
Distributions from capital gains 1,147,545 224,585 — — 387,688
Net change in unrealized appreciation or depreciation of investments 7,759,088 767,301 497,084 3,851,242 874,185
Net gain (loss) on investments 9,198,826 1,514,733 585,372 4,546,756 1,369,198
Net increase (decrease) in net assets resulting from operations $8,999,787 $2,309,488 $1,085,953 $8,629,503 $2,466,626 See accompanying notes to financial statements.
Year ended Dec. 31, 2012 (continued) Col VP Intl Opp, Cl 3 Col VP Lg Cap Gro, Cl 3 Col VP Lg Core Quan, Cl 3 Col VP Mid Cap Gro Opp,
Cl 3
Col VP Mid Cap Val Opp,
Cl 3
Investment income
Dividend income $ 1,317,154 $ — $ — $ — $ —
Variable account expenses 688,993 314,225 2,010,080 95,239 74,965
Investment income (loss) — net 628,161 (314,225) (2,010,080) (95,239) (74,965)
Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales 14,433,544 8,722,032 40,276,103 2,991,371 2,084,084
Cost of investments sold 11,921,844 7,401,420 36,398,216 2,675,039 1,980,415
Net realized gain (loss) on sales of investments 2,511,700 1,320,612 3,877,887 316,332 103,669
Distributions from capital gains — — — — —
Net change in unrealized appreciation or depreciation of investments 9,928,084 6,079,390 28,903,671 1,045,561 1,443,124 Net gain (loss) on investments 12,439,784 7,400,002 32,781,558 1,361,893 1,546,793 Net increase (decrease) in net assets resulting from operations $13,067,945 $7,085,777 $30,771,478 $1,266,654 $1,471,828
Year ended Dec. 31, 2012 (continued)
Col VP S&P 500, Cl 3 Col VP Select Lg Cap Val, Cl 3 Col VP Select Sm Cap Val, Cl 3 Col VP US Govt Mtge, Cl 3 CS Commodity Return
Investment income
Dividend income $ — $ — $ — $ 336,027 $ —Variable account expenses 295,443 35,033 105,233 284,293 103,908
Investment income (loss) — net (295,443) (35,033) (105,233) 51,734 (103,908)
Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales 8,925,445 1,619,163 3,967,791 9,466,248 2,610,386
Cost of investments sold 7,253,582 1,426,767 3,868,733 9,291,307 3,317,362
Net realized gain (loss) on sales of investments 1,671,863 192,396 99,058 174,941 (706,976)
Distributions from capital gains — — — — —
Net change in unrealized appreciation or depreciation of investments 3,872,293 532,409 2,140,345 79,404 436,584
Net gain (loss) on investments 5,544,156 724,805 2,239,403 254,345 (270,392)
Net increase (decrease) in net assets resulting from operations $5,248,713 $ 689,772 $2,134,170 $ 306,079 $ (374,300)
Year ended Dec. 31, 2012 (continued)
EV VT Floating-Rate Inc Fid VIP Contrafund, Serv Cl 2 Fid VIP Gro & Inc,
Serv Cl 2 Fid VIP Mid Cap, Serv Cl 2 Fid VIP Overseas, Serv Cl 2
Investment income
Dividend income $ 908,253 $ 803,115 $ 507,292 $ 240,924 $ 203,096Variable account expenses 165,566 550,685 225,002 565,741 106,562
Investment income (loss) — net 742,687 252,430 282,290 (324,817) 96,534
Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales 3,690,136 10,689,943 2,445,052 6,901,496 1,413,833
Cost of investments sold 3,590,759 9,477,740 2,336,159 6,247,149 1,666,017
Net realized gain (loss) on sales of investments 99,377 1,212,203 108,893 654,347 (252,184)
Distributions from capital gains 234,349 — 12,199 4,986,998 40,315
Net change in unrealized appreciation or depreciation of investments 279,789 8,487,175 3,466,446 2,567,526 2,185,610
Net gain (loss) on investments 613,515 9,699,378 3,587,538 8,208,871 1,973,741
Net increase (decrease) in net assets resulting from operations $1,356,202 $ 9,951,808 $3,869,828 $7,884,054 $2,070,275 See accompanying notes to financial statements.
Year ended Dec. 31, 2012 (continued)
FTVIPT Frank Global Real Est,
Cl 2 FTVIPT Frank Sm Cap Val, Cl 2 FTVIPT Mutual Shares Sec, Cl 2 GS VIT Mid Cap Val,
Inst
GS VIT Structd U.S. Eq,
Inst
Investment income
Dividend income $ — $ 250,494 $ 377,466 $ 987,683 $ 570,612
Variable account expenses 363,256 254,779 157,732 666,354 247,490
Investment income (loss) — net (363,256) (4,285) 219,734 321,329 323,122
Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales 7,853,662 7,082,763 2,925,824 17,908,355 6,814,451
Cost of investments sold 11,457,681 6,155,354 2,959,705 17,020,195 6,749,558
Net realized gain (loss) on sales of investments (3,604,019) 927,409 (33,881) 888,160 64,893
Distributions from capital gains — — — — —
Net change in unrealized appreciation or depreciation of investments 14,580,211 4,268,862 2,121,256 12,666,787 3,728,717 Net gain (loss) on investments 10,976,192 5,196,271 2,087,375 13,554,947 3,793,610 Net increase (decrease) in net assets resulting from operations $10,612,936 $5,191,986 $2,307,109 $13,876,276 $4,116,732
Period ended Dec. 31, 2012 (continued)
Invesco VI Div Divd, Ser I Invesco VI Intl Gro, Ser II Invesco VI Tech, Ser I Invesco VI Am Fran, Ser II(1) Invesco VI Comstock, Ser II
Investment income
Dividend income $ 99,360 $ 217,235 $ — $ — $ 79,877Variable account expenses 36,009 114,185 43,622 42,950 41,734
Investment income (loss) — net 63,351 103,050 (43,622) (42,950) 38,143
Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales 1,177,807 3,158,632 1,364,911 478,224 1,449,457
Cost of investments sold 1,148,859 2,785,817 1,112,158 501,254 1,280,094
Net realized gain (loss) on sales of investments 28,948 372,815 252,753 (23,030) 169,363
Distributions from capital gains — — — — —
Net change in unrealized appreciation or depreciation of investments 629,197 1,783,451 296,573 (179,713) 669,642
Net gain (loss) on investments 658,145 2,156,266 549,326 (202,743) 839,005
Net increase (decrease) in net assets resulting from operations $ 721,496 $2,259,316 $ 505,704 $(245,693) $ 877,148
Period ended Dec. 31, 2012 (continued)
Invesco VI Mid Cap Gro,
Ser I(1)
Invesco VI Mid Cap Gro,
Ser II(1) Janus Aspen Global Tech, Serv Janus Aspen Janus, Serv Janus Aspen Overseas, Serv
Investment income
Dividend income $ — $ — $ — $ 35,992 $ 373,543Variable account expenses 26,402 17,874 73,145 65,960 451,437
Investment income (loss) — net (26,402) (17,874) (73,145) (29,968) (77,894)
Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales 1,008,213 438,763 2,501,177 2,078,920 15,580,663
Cost of investments sold 1,066,704 462,720 2,027,312 1,788,656 16,394,534
Net realized gain (loss) on sales of investments (58,491) (23,957) 473,865 290,264 (813,871)
Distributions from capital gains 1,818 925 — 141,076 6,693,189
Net change in unrealized appreciation or depreciation of investments (75,861) (46,377) 1,338,450 890,783 1,437,845
Net gain (loss) on investments (132,534) (69,409) 1,812,315 1,322,123 7,317,163
Net increase (decrease) in net assets resulting from operations $ (158,936) $ (87,283) $1,739,170 $1,292,155 $ 7,239,269
(1)For the period April 27, 2012 (commencement of operations) to Dec. 31, 2012.
See accompanying notes to financial statements.
Year ended Dec. 31, 2012 (continued)
MFS Inv Gro Stock,
Serv Cl MFS New Dis, Serv Cl MFS Utilities, Serv Cl MS UIF Global Real Est,
Cl II
MS UIF Mid Cap Gro,
Cl II
Investment income
Dividend income $ 61,715 $ — $1,498,817 $ 53,269 $ —
Variable account expenses 208,772 158,810 192,191 76,738 71,040
Investment income (loss) — net (147,057) (158,810) 1,306,626 (23,469) (71,040)
Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales 6,112,078 5,195,538 3,798,178 1,945,734 3,827,242
Cost of investments sold 4,602,248 4,886,779 3,634,546 1,812,918 3,876,440
Net realized gain (loss) on sales of investments 1,509,830 308,759 163,632 132,816 (49,198)
Distributions from capital gains 1,360,140 2,075,861 — — 1,092,994
Net change in unrealized appreciation or depreciation of investments 1,290,137 1,727,901 1,282,117 2,367,289 (327,986)
Net gain (loss) on investments 4,160,107 4,112,521 1,445,749 2,500,105 715,810
Net increase (decrease) in net assets resulting from operations $4,013,050 $3,953,711 $2,752,375 $2,476,636 $ 644,770
Year ended Dec. 31, 2012 (continued)
Oppen Global VA, Serv
Oppen Global Strategic Inc VA,
Srv Oppen Main St Sm Cap VA, Serv PIMCO VIT All Asset, Advisor Cl Put VT Global Hlth Care, Cl IB
Investment income
Dividend income $ 136,165 $3,425,389 $ 20,392 $1,640,195 $ 49,388Variable account expenses 56,532 479,873 51,335 244,297 32,852
Investment income (loss) — net 79,633 2,945,516 (30,943) 1,395,898 16,536
Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales 1,793,008 9,081,496 956,253 3,801,133 1,169,610
Cost of investments sold 1,751,359 8,654,760 810,095 3,732,500 1,148,582
Net realized gain (loss) on sales of investments 41,649 426,736 146,158 68,633 21,028
Distributions from capital gains — 659,610 — — 318,639
Net change in unrealized appreciation or depreciation of investments 1,151,228 2,952,601 808,023 2,672,942 382,172
Net gain (loss) on investments 1,192,877 4,038,947 954,181 2,741,575 721,839
Net increase (decrease) in net assets resulting from operations $1,272,510 $6,984,463 $923,238 $4,137,473 $ 738,375
Year ended Dec. 31, 2012 (continued)
Put VT Intl Eq, Cl IB Put VT Multi-Cap Gro, Cl IB VP Aggr, Cl 2 VP Aggr, Cl 4 VP BR Gl Infl Prot Sec, Cl 3
Investment income
Dividend income $ 50,401 $ 14,324 $ — $ — $ 861,084Variable account expenses 20,745 34,458 541,649 2,119,998 153,229
Investment income (loss) — net 29,656 (20,134) (541,649) (2,119,998) 707,855
Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales 364,608 1,863,417 9,975,080 41,015,468 4,162,017
Cost of investments sold 471,100 1,628,259 9,356,057 34,805,778 4,153,532
Net realized gain (loss) on sales of investments (106,492) 235,158 619,023 6,209,690 8,485
Distributions from capital gains — — — — 242,139
Net change in unrealized appreciation or depreciation of investments 517,503 680,349 7,786,469 26,605,695 (28,495)
Net gain (loss) on investments 411,011 915,507 8,405,492 32,815,385 222,129
Net increase (decrease) in net assets resulting from operations $ 440,667 $ 895,373 $7,863,843 $30,695,387 $ 929,984 See accompanying notes to financial statements.
Year ended Dec. 31, 2012 (continued) VP Conserv, Cl 2 VP Conserv, Cl 4 VP Mod, Cl 2 VP Mod, Cl 4 VP Mod Aggr, Cl 2
Investment income
Dividend income $ — $ — $ — $ — $ —Variable account expenses 151,393 391,040 1,697,407 5,506,810 1,734,003
Investment income (loss) — net (151,393) (391,040) (1,697,407) (5,506,810) (1,734,003)
Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales 6,388,952 14,167,934 11,624,483 67,368,297 12,660,427
Cost of investments sold 6,106,752 13,182,713 10,904,729 58,232,463 11,803,036 Net realized gain (loss) on sales of investments 282,200 985,221 719,754 9,135,834 857,391
Distributions from capital gains — — — — —
Net change in unrealized appreciation or depreciation of investments 1,027,463 2,415,711 20,195,714 60,369,194 22,784,941 Net gain (loss) on investments 1,309,663 3,400,932 20,915,468 69,505,028 23,642,332 Net increase (decrease) in net assets resulting from operations $1,158,270 $ 3,009,892 $19,218,061 $63,998,218 $21,908,329
Year ended Dec. 31, 2012 (continued)
VP Mod Aggr, Cl 4 VP Mod Conserv, Cl 2 VP Mod Conserv, Cl 4 VP Ptnrs Sm Cap Val, Cl 3 VP Sit Divd Gro, Cl 3
Investment income
Dividend income $ — $ — $ — $ — $ —Variable account expenses 7,959,419 438,100 1,042,728 132,081 31,601
Investment income (loss) — net (7,959,419) (438,100) (1,042,728) (132,081) (31,601)
Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales 123,708,792 8,610,369 18,960,337 2,249,219 947,158
Cost of investments sold 105,773,011 8,139,777 16,990,156 1,793,685 812,978
Net realized gain (loss) on sales of investments 17,935,781 470,592 1,970,181 455,534 134,180
Distributions from capital gains — — — — —
Net change in unrealized appreciation or depreciation of investments 92,258,366 3,954,662 9,065,619 1,493,396 256,696 Net gain (loss) on investments 110,194,147 4,425,254 11,035,800 1,948,930 390,876 Net increase (decrease) in net assets resulting from operations $102,234,728 $3,987,154 $ 9,993,072 $1,816,849 $359,275
Year ended Dec. 31, 2012 (continued)
VP Vty Estb Val, Cl 3 Wanger Intl Wanger USA WF Adv VT Index Asset Alloc,
Cl 2 WF Adv VT Intl Eq, Cl 2
Investment income
Dividend income $ — $ 1,016,733 $ 272,322 $ 68,356 $ 283,145Variable account expenses 12,936 658,253 696,477 42,302 145,051
Investment income (loss) — net (12,936) 358,480 (424,155) 26,054 138,094
Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales 633,670 16,586,931 16,011,091 623,596 6,351,893
Cost of investments sold 574,356 13,894,949 13,486,787 581,639 5,809,263
Net realized gain (loss) on sales of investments 59,314 2,691,982 2,524,304 41,957 542,630
Distributions from capital gains — 7,788,747 4,288,599 — 1,412,009
Net change in unrealized appreciation or depreciation of investments 189,965 4,945,627 8,764,247 446,419 461,391
Net gain (loss) on investments 249,279 15,426,356 15,577,150 488,376 2,416,030
Net increase (decrease) in net assets resulting from operations $236,343 $15,784,836 $15,152,995 $514,430 $2,554,124 See accompanying notes to financial statements.
Year ended Dec. 31, 2012 (continued) WF Adv VT Opp, Cl 2 WF Adv VT Sm Cap Gro, Cl 2
Investment income
Dividend income $ 14,640 $ —Variable account expenses 128,207 88,797
Investment income (loss) — net (113,567) (88,797)
Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales 5,192,836 2,386,462
Cost of investments sold 4,596,228 2,090,701
Net realized gain (loss) on sales of investments 596,608 295,761
Distributions from capital gains 5,369 513,059
Net change in unrealized appreciation or depreciation of investments 1,784,237 49,559
Net gain (loss) on investments 2,386,214 858,379
Net increase (decrease) in net assets resulting from operations $2,272,647 $ 769,582 See accompanying notes to financial statements.
Year ended Dec. 31, 2012
AB VPS Gro & Inc,
Cl B AB VPS Intl Val, Cl B AB VPS Lg Cap Gro, Cl B AC VP Intl, Cl II AC VP Val, Cl II
Operations
Investment income (loss) — net $ 79,740 $ 226,008 $ (24,648) $ (16,431) $ 186,074 Net realized gain (loss) on sales of investments (123,793) (1,831,480) 121,214 1,174 (226,073)
Distributions from capital gains — — — — —
Net change in unrealized appreciation or depreciation of investments 2,625,259 6,989,362 337,665 1,362,865 2,691,136 Net increase (decrease) in net assets resulting from operations 2,581,206 5,383,890 434,231 1,347,608 2,651,137
Contract transactions
Contract purchase payments 1,595,656 4,898,135 173,494 755,650 2,000,265
Net transfers(1) (517,964) (4,176,572) (111,476) (380,565) (768,269)
Transfers for policy loans (159,847) (292,162) (17,266) (60,845) (200,042)
Policy charges (586,136) (1,668,514) (92,965) (283,510) (747,696)
Contract terminations:
Surrender benefits (962,136) (2,578,347) (96,598) (230,073) (924,225)
Death benefits — (4,575) — — (3,526)
Increase (decrease) from contract transactions (630,427) (3,822,035) (144,811) (199,343) (643,493) Net assets at beginning of year 16,063,255 42,487,312 2,715,984 6,922,043 20,093,357 Net assets at end of year $18,014,034 $44,049,167 $3,005,404 $8,070,308 $22,101,001
Accumulation unit activity
Units outstanding at beginning of year 13,733,120 34,962,284 2,718,909 5,331,377 14,656,264
Contract purchase payments 1,240,840 3,864,563 166,010 536,440 1,353,143
Net transfers(1) (477,669) (3,344,210) (63,270) (274,520) (536,179)
Transfers for policy loans (124,802) (224,993) (12,202) (42,918) (134,336)
Policy charges (455,038) (1,309,479) (86,280) (201,331) (505,480)
Contract terminations:
Surrender benefits (745,010) (2,011,615) (81,701) (165,188) (626,617)
Death benefits — (3,558) — — (2,413)
Units outstanding at end of year 13,171,441 31,932,992 2,641,466 5,183,860 14,204,382
(1)Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.
See accompanying notes to financial statements.
Year ended Dec. 31, 2012 (continued) Calvert VP SRI Bal Col VP Bal, Cl 3 Col VP Cash Mgmt, Cl 3 Col VP Div Bond, Cl 3 Col VP Divd Opp, Cl 3
Operations
Investment income (loss) — net $ 28,594 $ (1,245,783) $ (547,685) $ 4,465,967 $ (1,538,629) Net realized gain (loss) on sales of investments 120,713 1,950,517 5,661 1,466,662 2,655,289
Distributions from capital gains — — — 3,744,873 —
Net change in unrealized appreciation or depreciation of investments 477,226 17,836,964 (5,661) (211,927) 23,141,233 Net increase (decrease) in net assets resulting from operations 626,533 18,541,698 (547,685) 9,465,575 24,257,893
Contract transactions
Contract purchase payments 465,953 11,106,213 12,089,583 8,836,010 14,944,617
Net transfers(1) (146,717) (5,409,255) (4,775,679) 5,055,902 (20,850,368)
Transfers for policy loans (129,616) (437,839) 2,345,236 (846,392) (1,430,122)
Policy charges (254,636) (12,406,566) (8,101,455) (7,588,563) (7,764,573)
Contract terminations:
Surrender benefits (492,553) (9,509,194) (12,998,658) (10,322,003) (11,669,630)
Death benefits — (180,566) (736,796) (149,312) (74,655)
Increase (decrease) from contract transactions (557,569) (16,837,207) (12,177,769) (5,014,358) (26,844,731) Net assets at beginning of year 6,573,294 145,354,271 80,168,813 144,170,374 193,142,462 Net assets at end of year $6,642,258 $147,058,762 $ 67,443,359 $148,621,591 $190,555,624
Accumulation unit activity
Units outstanding at beginning of year 5,586,091 129,362,328 73,315,734 91,587,307 126,361,424
Contract purchase payments 372,656 9,164,408 11,044,159 5,373,219 9,009,087
Net transfers(1) (287,775) (5,132,564) (3,505,273) 5,172,718 (12,645,030)
Transfers for policy loans (99,535) (361,525) 2,322,395 (536,422) (855,975)
Policy charges (200,804) (10,291,929) (7,444,765) (4,647,691) (4,669,802)
Contract terminations:
Surrender benefits (361,635) (7,788,542) (12,272,053) (6,677,280) (7,016,638)
Death benefits — (132,374) (671,115) (100,954) (45,674)
Units outstanding at end of year 5,008,998 114,819,802 62,789,082 90,170,897 110,137,392
(1)Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.
See accompanying notes to financial statements.
Year ended Dec. 31, 2012 (continued) Col VP Emer Mkts, Cl 3 Col VP Global Bond, Cl 3 Col VP Hi Inc, Cl 2 Col VP Hi Yield Bond, Cl 3 Col VP Inc Opp, Cl 3
Operations
Investment income (loss) — net $ (199,039) $ 794,755 $ 500,581 $ 4,082,747 $ 1,097,428 Net realized gain (loss) on sales of investments 292,193 522,847 88,288 695,514 107,325
Distributions from capital gains 1,147,545 224,585 — — 387,688
Net change in unrealized appreciation or depreciation of investments 7,759,088 767,301 497,084 3,851,242 874,185 Net increase (decrease) in net assets resulting from operations 8,999,787 2,309,488 1,085,953 8,629,503 2,466,626
Contract transactions
Contract purchase payments 3,826,412 2,257,748 600,540 3,539,263 1,083,701
Net transfers(1) (3,604,230) (1,276,805) 459,951 2,578,920 2,844,653
Transfers for policy loans (552,322) (370,727) (72,429) (530,026) (138,055)
Policy charges (1,642,238) (1,530,871) (233,368) (2,591,870) (655,303)
Contract terminations:
Surrender benefits (2,636,726) (2,662,214) (424,883) (3,589,827) (1,250,529)
Death benefits (5,739) (15,360) — (17,534) (6)
Increase (decrease) from contract transactions (4,614,843) (3,598,229) 329,811 (611,074) 1,884,461 Net assets at beginning of year 48,289,487 43,579,592 7,556,824 58,824,142 16,654,984 Net assets at end of year $52,674,431 $42,290,851 $8,972,588 $66,842,571 $21,006,071
Accumulation unit activity
Units outstanding at beginning of year 23,395,839 25,721,567 5,445,584 31,904,567 11,167,581
Contract purchase payments 1,702,555 1,260,910 411,682 1,778,290 681,263
Net transfers(1) (1,286,187) 222,844 242,720 1,460,308 1,718,464
Transfers for policy loans (251,291) (229,390) (45,480) (266,956) (84,019)
Policy charges (735,598) (887,352) (157,219) (1,309,607) (408,204)
Contract terminations:
Surrender benefits (1,205,011) (1,681,331) (279,289) (1,825,172) (778,506)
Death benefits (2,673) (9,523) — (8,599) (4)
Units outstanding at end of year 21,617,634 24,397,725 5,617,998 31,732,831 12,296,575
(1)Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.
See accompanying notes to financial statements.
Year ended Dec. 31, 2012 (continued) Col VP Intl Opp, Cl 3 Col VP Lg Cap Gro, Cl 3 Col VP Lg Core Quan, Cl 3 Col VP Mid Cap Gro Opp,
Cl 3
Col VP Mid Cap Val Opp,
Cl 3
Operations
Investment income (loss) — net $ 628,161 $ (314,225) $ (2,010,080) $ (95,239) $ (74,965) Net realized gain (loss) on sales of investments 2,511,700 1,320,612 3,877,887 316,332 103,669
Distributions from capital gains — — — — —
Net change in unrealized appreciation or depreciation of investments 9,928,084 6,079,390 28,903,671 1,045,561 1,443,124 Net increase (decrease) in net assets resulting from operations 13,067,945 7,085,777 30,771,478 1,266,654 1,471,828
Contract transactions
Contract purchase payments 5,678,533 2,925,241 20,356,324 1,013,069 711,345
Net transfers(1) (5,862,583) (2,457,443) (9,894,588) (915,806) (998,418)
Transfers for policy loans (352,703) (460,380) (845,139) (169,850) (91,505)
Policy charges (5,119,119) (1,494,642) (19,534,353) (560,778) (287,041)
Contract terminations:
Surrender benefits (5,726,912) (2,835,810) (17,751,695) (766,333) (355,336)
Death benefits (60,862) (5,308) (166,815) (5,545) —
Increase (decrease) from contract transactions (11,443,646) (4,328,342) (27,836,266) (1,405,243) (1,020,955) Net assets at beginning of year 84,057,834 37,920,163 242,318,826 12,264,947 8,777,465 Net assets at end of year $ 85,682,133 $40,677,598 $245,254,038 $12,126,358 $ 9,228,338
Accumulation unit activity
Units outstanding at beginning of year 93,911,977 61,059,796 282,660,099 8,628,313 7,409,198
Contract purchase payments 5,915,701 4,204,302 21,295,750 671,322 568,119
Net transfers(1) (6,919,172) (7,021,417) (18,349,785) (747,052) (851,682)
Transfers for policy loans (356,559) (669,339) (754,603) (106,671) (69,941)
Policy charges (5,408,317) (2,007,779) (21,171,703) (357,010) (223,743)
Contract terminations:
Surrender benefits (5,947,841) (3,727,135) (18,363,439) (459,036) (254,457)
Death benefits (69,649) (2,971) (174,626) (2,697) —
Units outstanding at end of year 81,126,140 51,835,457 245,141,693 7,627,169 6,577,494
(1)Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.
See accompanying notes to financial statements.
Year ended Dec. 31, 2012 (continued)
Col VP S&P 500,
Cl 3
Col VP Select Lg Cap Val,
Cl 3
Col VP Select Sm Cap Val,
Cl 3 Col VP US Govt Mtge, Cl 3 CS Commodity Return
Operations
Investment income (loss) — net $ (295,443) $ (35,033) $ (105,233) $ 51,734 $ (103,908) Net realized gain (loss) on sales of investments 1,671,863 192,396 99,058 174,941 (706,976)
Distributions from capital gains — — — — —
Net change in unrealized appreciation or depreciation of investments 3,872,293 532,409 2,140,345 79,404 436,584 Net increase (decrease) in net assets resulting from operations 5,248,713 689,772 2,134,170 306,079 (374,300)
Contract transactions
Contract purchase payments 2,704,604 315,484 959,770 2,328,564 968,975
Net transfers(1) (718,902) (268,487) (1,765,159) 444,218 (34,421)
Transfers for policy loans (344,457) (43,024) (138,793) 414,852 (128,818)
Policy charges (1,513,486) (128,763) (593,369) (2,275,876) (370,175)
Contract terminations:
Surrender benefits (2,911,551) (206,524) (774,879) (3,254,795) (740,899)
Death benefits — — — (15,358) —
Increase (decrease) from contract transactions (2,783,792) (331,314) (2,312,430) (2,358,395) (305,338) Net assets at beginning of year 36,939,577 4,074,010 13,370,994 38,244,184 13,973,348 Net assets at end of year $39,404,498 $4,432,468 $13,192,734 $36,191,868 $13,293,710
Accumulation unit activity
Units outstanding at beginning of year 35,680,029 3,617,952 9,163,342 30,293,428 14,524,657
Contract purchase payments 2,403,025 260,524 605,908 1,819,391 1,052,594
Net transfers(1) (2,572,109) (318,370) (1,262,721) 925,074 (406,671)
Transfers for policy loans (300,020) (36,662) (84,505) 317,513 (124,888)
Policy charges (1,312,549) (104,271) (368,616) (1,788,251) (387,928)
Contract terminations:
Surrender benefits (2,429,936) (160,422) (468,828) (2,666,275) (745,599)
Death benefits — — — (12,905) —
Units outstanding at end of year 31,468,440 3,258,751 7,584,580 28,887,975 13,912,165
(1)Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.
See accompanying notes to financial statements.
Year ended Dec. 31, 2012 (continued) EV VT Floating-Rate Inc Fid VIP Contrafund, Serv Cl 2 Fid VIP Gro & Inc,
Serv Cl 2 Fid VIP Mid Cap, Serv Cl 2 Fid VIP Overseas, Serv Cl 2
Operations
Investment income (loss) — net $ 742,687 $ 252,430 $ 282,290 $ (324,817) $ 96,534 Net realized gain (loss) on sales of investments 99,377 1,212,203 108,893 654,347 (252,184)
Distributions from capital gains 234,349 — 12,199 4,986,998 40,315
Net change in unrealized appreciation or depreciation of investments 279,789 8,487,175 3,466,446 2,567,526 2,185,610 Net increase (decrease) in net assets resulting from operations 1,356,202 9,951,808 3,869,828 7,884,054 2,070,275
Contract transactions
Contract purchase payments 1,397,560 4,787,435 2,425,011 6,017,266 1,306,069
Net transfers(1) 2,783,294 (2,082,697) (1,474,283) (5,482,662) (995,312)
Transfers for policy loans (421,923) (733,820) (235,815) (581,849) (71,873)
Policy charges (618,626) (1,975,609) (941,713) (2,170,832) (438,739)
Contract terminations:
Surrender benefits (775,340) (3,048,530) (1,234,758) (3,109,226) (607,254)
Death benefits (7) (11,077) (4,400) (5,893) —
Increase (decrease) from contract transactions 2,364,958 (3,064,298) (1,465,958) (5,333,196) (807,109) Net assets at beginning of year 20,913,258 65,685,906 23,060,468 59,947,775 11,100,664 Net assets at end of year $24,634,418 $72,573,416 $25,464,338 $62,498,633 $12,363,830
Accumulation unit activity
Units outstanding at beginning of year 17,422,877 63,218,168 18,562,979 29,847,981 8,966,620
Contract purchase payments 1,141,126 4,296,043 1,762,043 2,758,898 961,885
Net transfers(1) 1,810,160 (4,228,067) (1,075,668) (2,478,529) (730,894)
Transfers for policy loans (292,415) (567,108) (167,881) (265,774) (53,856)
Policy charges (503,832) (1,726,542) (683,438) (993,850) (322,451)
Contract terminations:
Surrender benefits (585,199) (2,449,340) (895,347) (1,426,159) (449,552)
Death benefits (6) (10,901) (3,210) (2,683) —
Units outstanding at end of year 18,992,711 58,532,253 17,499,478 27,439,884 8,371,752
(1)Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.
See accompanying notes to financial statements.
Year ended Dec. 31, 2012 (continued)
FTVIPT Frank Global Real Est,
Cl 2 FTVIPT Frank Sm Cap Val, Cl 2 FTVIPT Mutual Shares Sec, Cl 2 GS VIT Mid Cap Val,
Inst
GS VIT Structd U.S. Eq,
Inst
Operations
Investment income (loss) — net $ (363,256) $ (4,285) $ 219,734 $ 321,329 $ 323,122 Net realized gain (loss) on sales of investments (3,604,019) 927,409 (33,881) 888,160 64,893
Distributions from capital gains — — — — —
Net change in unrealized appreciation or depreciation of investments 14,580,211 4,268,862 2,121,256 12,666,787 3,728,717 Net increase (decrease) in net assets resulting from operations 10,612,936 5,191,986 2,307,109 13,876,276 4,116,732
Contract transactions
Contract purchase payments 3,873,654 2,289,384 1,807,326 5,900,328 2,395,709
Net transfers(1) (1,526,289) (3,020,851) (1,696,650) (6,682,447) (2,638,416)
Transfers for policy loans (244,003) (173,562) (185,912) (634,785) (192,093)
Policy charges (1,840,955) (1,212,978) (661,506) (3,284,940) (1,260,716)
Contract terminations:
Surrender benefits (2,778,442) (2,180,596) (959,531) (5,416,164) (2,137,961)
Death benefits (2,853) (54,352) — (63,012) —
Increase (decrease) from contract transactions (2,518,888) (4,352,955) (1,696,273) (10,181,020) (3,833,477) Net assets at beginning of year 41,430,118 32,212,487 18,021,035 83,147,324 31,252,062 Net assets at end of year $49,524,166 $33,051,518 $18,631,871 $ 86,842,580 $31,535,317
Accumulation unit activity
Units outstanding at beginning of year 24,298,435 14,868,261 13,996,877 37,702,216 31,288,303
Contract purchase payments 1,987,100 978,484 1,315,973 2,392,584 2,211,182
Net transfers(1) (505,997) (962,819) (1,270,737) (1,153,144) (3,668,196)
Transfers for policy loans (123,815) (72,856) (134,744) (269,639) (192,652)
Policy charges (951,812) (529,620) (479,066) (1,368,599) (1,139,116)
Contract terminations:
Surrender benefits (1,458,571) (971,995) (681,009) (2,323,136) (1,849,884)
Death benefits (1,516) (24,772) — (23,887) —
Units outstanding at end of year 23,243,824 13,284,683 12,747,294 34,956,395 26,649,637
(1)Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.
See accompanying notes to financial statements.
Period ended Dec. 31, 2012 (continued) Invesco VI Div Divd, Ser I Invesco VI Intl Gro, Ser II Invesco VI Tech, Ser I Invesco VI Am Fran, Ser II(2) Invesco VI Comstock, Ser II
Operations
Investment income (loss) — net $ 63,351 $ 103,050 $ (43,622) $ (42,950) $ 38,143
Net realized gain (loss) on sales of investments 28,948 372,815 252,753 (23,030) 169,363
Distributions from capital gains — — — — —
Net change in unrealized appreciation or depreciation of investments 629,197 1,783,451 296,573 (179,713) 669,642 Net increase (decrease) in net assets resulting from operations 721,496 2,259,316 505,704 (245,693) 877,148
Contract transactions
Contract purchase payments 358,934 1,164,690 431,626 538,826 308,401
Net transfers(1) 1,294,474 738,359 (115,576) 7,289,809 (261,276)
Transfers for policy loans (66,644) (53,369) (72,173) (35,055) (36,881)
Policy charges (165,131) (495,696) (178,230) (194,352) (146,461)
Contract terminations:
Surrender benefits (195,803) (919,395) (238,859) (203,701) (293,218)
Death benefits — (2,204) — — (4)
Increase (decrease) from contract transactions 1,225,830 432,385 (173,212) 7,395,527 (429,439)
Net assets at beginning of year 3,733,735 15,340,592 4,857,815 — 5,027,264
Net assets at end of year $5,681,061 $18,032,293 $5,190,307 $7,149,834 $5,474,973
Accumulation unit activity
Units outstanding at beginning of year 4,067,135 14,796,522 3,837,992 — 5,384,435
Contract purchase payments 356,339 1,098,288 317,305 570,401 317,436
Net transfers(1) 1,249,915 (42,631) (182,991) 7,280,627 (527,547)
Transfers for policy loans (66,700) (52,789) (48,379) (37,842) (37,829)
Policy charges (163,243) (429,888) (127,731) (205,697) (141,398)
Contract terminations:
Surrender benefits (191,515) (745,311) (162,177) (215,593) (251,057)
Death benefits — (1,398) — — (4)
Units outstanding at end of year 5,251,931 14,622,793 3,634,019 7,391,896 4,744,036
(1)Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account. (2)For the period April 27, 2012 (commencement of operations) to Dec. 31, 2012.
See accompanying notes to financial statements.
Period ended Dec. 31, 2012 (continued)
Invesco VI Mid Cap Gro,
Ser I(2)
Invesco VI Mid Cap Gro,
Ser II(2) Janus Aspen Global Tech, Serv Janus Aspen Janus, Serv Janus Aspen Overseas, Serv
Operations
Investment income (loss) — net $ (26,402) $ (17,874) $ (73,145) $ (29,968) $ (77,894) Net realized gain (loss) on sales of investments (58,491) (23,957) 473,865 290,264 (813,871)
Distributions from capital gains 1,818 925 — 141,076 6,693,189
Net change in unrealized appreciation or depreciation of investments (75,861) (46,377) 1,338,450 890,783 1,437,845 Net increase (decrease) in net assets resulting from operations (158,936) (87,283) 1,739,170 1,292,155 7,239,269
Contract transactions
Contract purchase payments 235,845 212,948 741,253 539,268 4,546,570
Net transfers(1) 6,062,712 3,050,030 (899,884) (641,735) (8,524,695)
Transfers for policy loans (35,161) (40,455) (95,714) (72,581) (504,556)
Policy charges (186,285) (85,494) (412,167) (210,942) (2,127,627)
Contract terminations:
Surrender benefits (206,439) (179,759) (635,725) (393,449) (3,704,827)
Death benefits — — — (6) (12,136)
Increase (decrease) from contract transactions 5,870,672 2,957,270 (1,302,237) (779,445) (10,327,271)
Net assets at beginning of year — — 9,853,661 7,627,570 62,697,548
Net assets at end of year $5,711,736 $2,869,987 $10,290,594 $8,140,280 $ 59,609,546
Accumulation unit activity
Units outstanding at beginning of year — — 13,225,395 7,908,097 47,186,163
Contract purchase payments 249,996 226,014 941,180 509,877 3,267,386
Net transfers(1) 6,041,879 3,036,528 (1,986,536) (819,223) (7,083,452)
Transfers for policy loans (36,409) (42,122) (65,465) (63,675) (342,960)
Policy charges (197,417) (90,724) (483,651) (194,619) (1,499,702)
Contract terminations:
Surrender benefits (220,471) (191,528) (639,154) (319,371) (2,527,540)
Death benefits — — — (6) (9,450)
Units outstanding at end of year 5,837,578 2,938,168 10,991,769 7,021,080 38,990,445
(1)Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account. (2)For the period April 27, 2012 (commencement of operations) to Dec. 31, 2012.
See accompanying notes to financial statements.
