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2018 Annual Report

RiverSource^® Retirement Advisor Advantage Variable Annuity – Band 3

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S-6407 CF (4/19)		Issued by: RiverSource Life Insurance Company

Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of your underlying funds’ shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from RiverSource Life Insurance Company (RiverSource Life). Instead, the reports will be made available on a website, and you will be notified each time a report is posted and provided with a website link to access the report.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive fund shareholder reports and other communications from RiverSource Life electronically by visiting ameriprise.com/e-delivery.

You may elect to receive all future reports in paper free of charge. You can inform RiverSource Life that you wish to continue receiving paper copies of your shareholder reports by calling our Service Center at 1-800-862-7919. Your election to receive reports in paper will apply to all funds available under your variable annuity contract.

Annual Financial Information

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

TO THE BOARD OF DIRECTORS OF RIVERSOURCE LIFE INSURANCE COMPANY AND

CONTRACT OWNERS OF RIVERSOURCE VARIABLE ACCOUNT 10

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities of each of the divisions of RiverSource Variable Account 10, as indicated in Note 1, offered through RiverSource^® Retirement Advisor Advantage Variable Annuity – Band 3 sponsored by RiverSource Life Insurance Company, as of December 31, 2018, and the related statements of operations and of changes in net assets for each of the periods indicated in Note 1, including the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the divisions of RiverSource Variable Account 10 as of December 31, 2018, and the results of each of their operations and the changes in each of their net assets for each of the periods indicated in Note 1, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinions

These financial statements are the responsibility of the RiverSource Life Insurance Company management. Our responsibility is to express an opinion on the financial statements of each of the divisions in the RiverSource Variable Account 10 based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to each of the divisions in the RiverSource Variable Account 10 in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of investments owned as of December 31, 2018 by correspondence with the transfer agent and investee mutual funds. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Minneapolis, Minnesota

April 19, 2019

We have served as the auditor of one or more of the divisions in RiverSource Variable Account 10 since 2010.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			1

Statements of Assets and Liabilities


December 31, 2018	AB VPS Dyn Asset Alloc, Cl B		AB VPS Global Thematic Gro, Cl B		AB VPS Gro & Inc, Cl B		AB VPS Intl Val, Cl B		ALPS Alerian Engy Infr, Class III
Assets
Investments, at fair value^(1),(2)	$	8,930,478	$	5,616,089	$	74,356,113	$	92,027,537	$	32,130,791
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		153		428		8,537		167,135		31,884
Receivable for share redemptions		10,049		27,605		60,830		69,605		28,576
Total assets		8,940,680		5,644,122		74,425,480		92,264,277		32,191,251

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		8,518		4,705		55,342		69,205		28,576
Contract terminations		1,531		22,900		5,488		400		—
Payable for investments purchased		153		428		8,537		167,135		31,884
Total liabilities		10,202		28,033		69,367		236,740		60,460
Net assets applicable to contracts in accumulation period		8,929,833		5,616,089		74,138,570		91,840,723		32,061,836
Net assets applicable to contracts in payment period		—		—		217,543		186,814		68,596
Net assets applicable to seed money		645		—		—		—		359
Total net assets	$	8,930,478	$	5,616,089	$	74,356,113	$	92,027,537	$	32,130,791
⁽¹⁾ Investment shares		755,540		213,296		2,719,682		7,488,001		4,244,490
⁽²⁾ Investments, at cost	$	9,077,040	$	4,381,684	$	65,810,298	$	116,583,776	$	42,128,941

December 31, 2018 (continued)	AC VP Intl, Cl II		AC VP Mid Cap Val, Cl II		AC VP Ultra, Cl II		AC VP Val, Cl II		BlackRock Global Alloc, Cl III
Assets
Investments, at fair value^(1),(2)	$	19,547,680	$	50,642,032	$	31,543,420	$	165,850,467	$	71,337,242
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		14,616		65,912		19,912		20,218		100,420
Receivable for share redemptions		14,448		42,417		62,342		229,076		86,955
Total assets		19,576,744		50,750,361		31,625,674		166,099,761		71,524,617

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		14,439		40,622		24,552		135,293		63,697
Contract terminations		9		1,795		37,790		93,783		23,258
Payable for investments purchased		14,616		65,912		19,912		20,218		100,420
Total liabilities		29,064		108,329		82,254		249,294		187,375
Net assets applicable to contracts in accumulation period		19,463,112		50,519,151		31,350,522		165,545,174		70,940,205
Net assets applicable to contracts in payment period		84,568		122,881		192,898		304,902		396,795
Net assets applicable to seed money		—		—		—		391		242
Total net assets	$	19,547,680	$	50,642,032	$	31,543,420	$	165,850,467	$	71,337,242
⁽¹⁾ Investment shares		2,051,173		2,764,303		1,846,804		16,551,943		5,508,667
⁽²⁾ Investments, at cost	$	17,374,497	$	49,708,642	$	26,591,065	$	128,857,688	$	79,730,590

See accompanying notes to financial statements.



2		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Assets and Liabilities


December 31, 2018 (continued)	Calvert VP SRI Bal, Cl I		Col VP Bal, Cl 3		Col VP Commodity Strategy, Cl 2		Col VP Contrarian Core, Cl 2		Col VP Disciplined Core, Cl 3
Assets
Investments, at fair value^(1),(2)	$	18,358,763	$	424,746,865	$	4,491,402	$	83,306,975	$	312,919,518
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		—		177,561		568		42,823		525
Receivable for share redemptions		31,211		466,953		9,685		136,717		504,113
Total assets		18,389,974		425,391,379		4,501,655		83,486,515		313,424,156

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		13,341		377,630		3,994		72,696		266,233
Contract terminations		17,870		89,323		5,691		64,021		237,880
Payable for investments purchased		—		177,561		568		42,823		525
Total liabilities		31,211		644,514		10,253		179,540		504,638
Net assets applicable to contracts in accumulation period		18,301,160		420,997,435		4,490,637		83,201,633		308,701,769
Net assets applicable to contracts in payment period		57,520		3,749,333		—		105,262		4,217,749
Net assets applicable to seed money		83		97		765		80		—
Total net assets	$	18,358,763	$	424,746,865	$	4,491,402	$	83,306,975	$	312,919,518
⁽¹⁾ Investment shares		9,463,280		16,828,323		872,117		4,211,677		6,749,774
⁽²⁾ Investments, at cost	$	18,253,512	$	331,334,144	$	5,421,763	$	72,438,139	$	158,390,460

December 31, 2018 (continued)	Col VP Div Abs Return, Cl 2		Col VP Divd Opp, Cl 3		Col VP Emerg Mkts Bond, Cl 2		Col VP Emer Mkts, Cl 3		Col VP Global Strategic Inc, Cl 3
Assets
Investments, at fair value^(1),(2)	$	2,989,468	$	430,289,811	$	12,997,562	$	113,557,365	$	73,103,379
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		157		59,752		14,255		47,403		208
Receivable for share redemptions		3,162		470,849		49,435		105,684		110,427
Total assets		2,992,787		430,820,412		13,061,252		113,710,452		73,214,014

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		2,672		340,269		11,085		93,913		58,020
Contract terminations		490		130,580		38,350		11,771		52,407
Payable for investments purchased		157		59,752		14,255		47,403		208
Total liabilities		3,319		530,601		63,690		153,087		110,635
Net assets applicable to contracts in accumulation period		2,989,272		427,111,527		12,980,798		113,200,661		72,775,076
Net assets applicable to contracts in payment period		—		3,178,284		16,257		356,704		328,303
Net assets applicable to seed money		196		—		507		—		—
Total net assets	$	2,989,468	$	430,289,811	$	12,997,562	$	113,557,365	$	73,103,379
⁽¹⁾ Investment shares		344,806		18,248,084		1,444,174		6,953,911		8,958,747
⁽²⁾ Investments, at cost	$	3,278,843	$	226,052,202	$	14,047,443	$	94,361,350	$	95,326,830

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			3

Statements of Assets and Liabilities


December 31, 2018 (continued)	Col VP Govt Money Mkt, Cl 3		Col VP Hi Yield Bond, Cl 3		Col VP Inc Opp, Cl 3		Col VP Inter Bond, Cl 3		Col VP Lg Cap Gro, Cl 3
Assets
Investments, at fair value^(1),(2)	$	116,865,951	$	189,434,170	$	115,887,099	$	298,059,073	$	112,702,651
Dividends receivable		18,830		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		229,681		20,477		14,695		14		12,034
Receivable for share redemptions		120,727		267,636		112,949		552,010		120,432
Total assets		117,235,189		189,722,283		116,014,743		298,611,097		112,835,117

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		90,099		151,941		90,652		235,855		82,275
Contract terminations		30,627		115,695		22,297		316,155		38,157
Payable for investments purchased		229,681		20,477		14,695		14		12,034
Total liabilities		350,407		288,113		127,644		552,024		132,466
Net assets applicable to contracts in accumulation period		116,522,602		188,044,182		115,532,319		295,781,661		112,206,773
Net assets applicable to contracts in payment period		362,180		1,389,988		354,780		2,277,412		495,878
Net assets applicable to seed money		—		—		—		—		—
Total net assets	$	116,884,782	$	189,434,170	$	115,887,099	$	298,059,073	$	112,702,651
⁽¹⁾ Investment shares		116,865,951		30,603,258		16,674,403		29,540,047		7,070,430
⁽²⁾ Investments, at cost	$	116,859,192	$	204,399,770	$	143,763,096	$	308,751,041	$	61,818,627

December 31, 2018 (continued)	Col VP Lg Cap Index, Cl 3		Col VP Limited Duration Cr, Cl 2		Col VP Long Govt/Cr Bond, Cl 2		Col VP Mid Cap Gro, Cl 3		Col VP Mid Cap Val, Cl 3
Assets
Investments, at fair value^(1),(2)	$	309,702,089	$	37,787,131	$	11,585,810	$	67,558,788	$	46,653,212
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		257,773		70,528		273		1,652		4,680
Receivable for share redemptions		271,419		64,235		159,992		91,790		89,754
Total assets		310,231,281		37,921,894		11,746,075		67,652,230		46,747,646

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		263,740		32,169		10,194		57,359		36,246
Contract terminations		7,679		32,066		149,798		34,431		53,508
Payable for investments purchased		257,773		70,528		273		1,652		4,680
Total liabilities		529,192		134,763		160,265		93,442		94,434
Net assets applicable to contracts in accumulation period		308,489,565		37,786,786		11,463,255		66,925,039		46,545,626
Net assets applicable to contracts in payment period		1,212,501		—		122,019		633,749		107,586
Net assets applicable to seed money		23		345		536		—		—
Total net assets	$	309,702,089	$	37,787,131	$	11,585,810	$	67,558,788	$	46,653,212
⁽¹⁾ Investment shares		15,817,267		4,089,516		1,231,223		2,780,197		2,391,246
⁽²⁾Investments, at cost	$	215,303,256	$	38,713,446	$	12,325,981	$	36,338,354	$	29,661,718

See accompanying notes to financial statements.



4		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Assets and Liabilities


December 31, 2018 (continued)	Col VP Overseas Core, 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)	$	66,584,816	$	32,487,354	$	34,140,104	$	66,262,905	$	13,655,597
Dividends receivable		—		—		—		—		34,844
Accounts receivable from RiverSource Life for contract purchase payments		7,223		61,753		16,710		3,392		4,426
Receivable for share redemptions		111,493		59,638		39,717		103,276		14,946
Total assets		66,703,532		32,608,745		34,196,531		66,369,573		13,709,813

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		57,538		25,515		25,596		50,879		10,745
Contract terminations		53,955		34,123		14,121		52,397		4,201
Payable for investments purchased		7,223		61,753		16,710		3,392		39,270
Total liabilities		118,716		121,391		56,427		106,668		54,216
Net assets applicable to contracts in accumulation period		65,819,523		32,432,889		34,087,655		65,907,146		13,648,127
Net assets applicable to contracts in payment period		765,293		54,465		52,449		355,759		7,470
Net assets applicable to seed money		—		—		—		—		—
Total net assets	$	66,584,816	$	32,487,354	$	34,140,104	$	66,262,905	$	13,655,597
⁽¹⁾ Investment shares		5,234,655		1,504,741		1,622,628		6,477,312		3,935,331
⁽²⁾ Investments, at cost	$	63,205,420	$	24,723,400	$	21,934,846	$	66,881,208	$	28,525,903

December 31, 2018 (continued)	CTIVP AQR Man Fut Strategy, Cl 2		CTIVP BR Gl Infl Prot Sec, Cl 3		CTIVP Lazard Intl Eq Adv, Cl 2		CTIVP Loomis Sayles Gro, Cl 1		CTIVP MFS Blend Res Core Eq, Cl 3
Assets
Investments, at fair value^(1),(2)	$	14,128,717	$	78,153,305	$	16,384,292	$	117,135,472	$	23,145,851
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		350		208		10,412		5,709		9,558
Receivable for share redemptions		23,406		150,123		28,739		154,157		26,741
Total assets		14,152,473		78,303,636		16,423,443		117,295,338		23,182,150

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		12,096		60,470		14,331		91,018		18,001
Contract terminations		11,310		89,653		14,408		63,139		8,740
Payable for investments purchased		350		208		10,412		5,709		9,558
Total liabilities		23,756		150,331		39,151		159,866		36,299
Net assets applicable to contracts in accumulation period		14,024,564		77,934,235		16,281,669		116,853,122		23,118,286
Net assets applicable to contracts in payment period		103,624		219,070		102,180		282,350		27,565
Net assets applicable to seed money		529		—		443		—		—
Total net assets	$	14,128,717	$	78,153,305	$	16,384,292	$	117,135,472	$	23,145,851
⁽¹⁾ Investment shares		1,978,812		14,499,686		1,673,574		4,110,017		1,241,064
⁽²⁾ Investments, at cost	$	18,043,905	$	101,594,961	$	18,314,068	$	87,493,577	$	12,815,525

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			5

Statements of Assets and Liabilities


December 31, 2018 (continued)	CTIVP Vty Sycamore Estb Val, Cl 3		CTIVP WF Short Duration Govt, Cl 2		DWS Alt Asset Alloc VIP, Cl B		EV VT Floating-Rate Inc, Init Cl		Fid VIP Contrafund, Serv Cl 2
Assets
Investments, at fair value^(1),(2)	$	32,900,750	$	22,852,710	$	13,347,843	$	142,449,062	$	388,930,520
Dividends receivable		—		—		—		540,992		—
Accounts receivable from RiverSource Life for contract purchase payments		5,509		89,298		100		34,111		330,378
Receivable for share redemptions		60,584		241,717		31,094		199,664		496,153
Total assets		32,966,843		23,183,725		13,379,037		143,223,829		389,757,051

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		25,798		19,034		11,482		112,925		323,249
Contract terminations		34,786		222,683		19,612		86,739		172,904
Payable for investments purchased		5,509		89,298		100		575,103		330,378
Total liabilities		66,093		331,015		31,194		774,767		826,531
Net assets applicable to contracts in accumulation period		32,727,873		22,852,411		13,328,201		142,155,275		388,094,685
Net assets applicable to contracts in payment period		172,877		—		19,355		293,787		835,652
Net assets applicable to seed money		—		299		287		—		183
Total net assets	$	32,900,750	$	22,852,710	$	13,347,843	$	142,449,062	$	388,930,520
⁽¹⁾ Investment shares		1,404,814		2,287,559		1,104,040		15,969,626		12,421,927
⁽²⁾ Investments, at cost	$	26,597,361	$	22,920,942	$	14,906,013	$	148,263,354	$	362,300,111

December 31, 2018 (continued)	Fid VIP Gro & Inc, Serv Cl 2		Fid VIP Mid Cap, Serv Cl 2		Fid VIP Overseas, Serv Cl 2		Fid VIP Strategic Inc, Serv Cl 2		Frank Global Real Est, Cl 2
Assets
Investments, at fair value^(1),(2)	$	84,454,960	$	335,038,235	$	45,831,388	$	125,044,735	$	76,097,377
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		33,045		428,294		16,592		92,206		21,505
Receivable for share redemptions		62,006		295,923		62,717		432,158		101,689
Total assets		84,550,011		335,762,452		45,910,697		125,569,099		76,220,571

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		61,926		263,343		35,074		107,632		57,286
Contract terminations		80		32,580		27,643		324,526		44,403
Payable for investments purchased		33,045		428,294		16,592		92,206		21,505
Total liabilities		95,051		724,217		79,309		524,364		123,194
Net assets applicable to contracts in accumulation period		83,767,499		333,879,306		45,672,847		124,599,294		75,931,767
Net assets applicable to contracts in payment period		687,461		1,158,614		158,541		445,197		165,610
Net assets applicable to seed money		—		315		—		244		—
Total net assets	$	84,454,960	$	335,038,235	$	45,831,388	$	125,044,735	$	76,097,377
⁽¹⁾ Investment shares		4,459,079		11,466,059		2,418,543		11,741,290		5,073,158
⁽²⁾ Investments, at cost	$	64,477,406	$	341,666,254	$	42,932,255	$	133,012,567	$	92,060,269

See accompanying notes to financial statements.



6		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Assets and Liabilities


December 31, 2018 (continued)	Frank Inc, Cl 2		Frank Mutual Shares, Cl 2		Frank Sm Cap Val, Cl 2		GS VIT Mid Cap Val, Inst		GS VIT Multi-Strategy Alt, Advisor
Assets
Investments, at fair value^(1),(2)	$	52,750,436	$	83,956,800	$	107,885,609	$	112,625,005	$	5,394,323
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		7,163		2,569		42,186		21,839		512
Receivable for share redemptions		96,024		100,953		138,515		90,296		14,326
Total assets		52,853,623		84,060,322		108,066,310		112,737,140		5,409,161

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		47,804		68,001		86,211		82,109		4,673
Contract terminations		48,220		32,952		52,304		8,187		9,653
Payable for investments purchased		7,163		2,569		42,186		21,839		512
Total liabilities		103,187		103,522		180,701		112,135		14,838
Net assets applicable to contracts in accumulation period		52,646,760		83,913,781		107,705,228		111,944,096		5,389,610
Net assets applicable to contracts in payment period		103,326		42,592		180,003		680,909		4,091
Net assets applicable to seed money		350		427		378		—		622
Total net assets	$	52,750,436	$	83,956,800	$	107,885,609	$	112,625,005	$	5,394,323
⁽¹⁾ Investment shares		3,578,727		4,825,103		7,389,425		8,737,394		635,374
⁽²⁾ Investments, at cost	$	56,362,967	$	88,280,664	$	123,602,801	$	128,891,333	$	5,942,339

December 31, 2018 (continued)	GS VIT U.S. Eq Insights, Inst		Invesco VI Am Fran, Ser II		Invesco VI Bal Risk Alloc, Ser II		Invesco VI Comstock, Ser II		Invesco VI Div Divd, Ser I
Assets
Investments, at fair value^(1),(2)	$	105,192,151	$	42,680,833	$	37,768,116	$	108,556,040	$	23,127,489
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		20,706		19,452		73		132,673		397
Receivable for share redemptions		116,909		42,020		68,356		90,083		47,232
Total assets		105,329,766		42,742,305		37,836,545		108,778,796		23,175,118

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		78,385		31,346		34,256		82,220		17,342
Contract terminations		38,524		10,674		34,100		7,863		29,890
Payable for investments purchased		20,706		19,452		73		132,673		397
Total liabilities		137,615		61,472		68,429		222,756		47,629
Net assets applicable to contracts in accumulation period		104,405,909		42,679,106		37,425,361		108,426,307		23,116,341
Net assets applicable to contracts in payment period		786,242		1,727		342,370		129,733		11,148
Net assets applicable to seed money		—		—		385		—		—
Total net assets	$	105,192,151	$	42,680,833	$	37,768,116	$	108,556,040	$	23,127,489
⁽¹⁾ Investment shares		6,998,812		777,429		4,043,696		6,759,405		975,843
⁽²⁾ Investments, at cost	$	102,003,447	$	34,214,219	$	45,598,518	$	97,048,353	$	20,900,631

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			7

Statements of Assets and Liabilities


December 31, 2018 (continued)	Invesco VI Hlth, Ser II		Invesco VI Intl Gro, Ser II		Invesco VI Mid Cap Gro, Ser I		Invesco VI Tech, Ser I		Ivy VIP Asset Strategy
Assets
Investments, at fair value^(1),(2)	$	39,353,533	$	53,415,189	$	16,831,514	$	21,263,792	$	14,603,826
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		39,492		29,116		1,030		30,875		136
Receivable for share redemptions		44,011		65,418		12,254		29,399		20,363
Total assets		39,437,036		53,509,723		16,844,798		21,324,066		14,624,325

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		30,639		41,139		12,132		15,455		12,999
Contract terminations		13,372		24,279		122		13,944		7,364
Payable for investments purchased		39,492		29,116		1,030		30,875		136
Total liabilities		83,503		94,534		13,284		60,274		20,499
Net assets applicable to contracts in accumulation period		39,236,925		53,286,875		16,758,120		21,252,305		14,354,514
Net assets applicable to contracts in payment period		116,608		128,314		73,394		11,487		248,753
Net assets applicable to seed money		—		—		—		—		559
Total net assets	$	39,353,533	$	53,415,189	$	16,831,514	$	21,263,792	$	14,603,826
⁽¹⁾ Investment shares		1,777,486		1,643,039		3,528,619		970,064		1,761,237
⁽²⁾ Investments, at cost	$	45,205,770	$	48,436,675	$	16,910,955	$	16,979,184	$	18,541,492

December 31, 2018 (continued)	Janus Henderson VIT Bal, Serv		Janus Henderson VIT Flex Bd, Serv		Janus Henderson VIT Gbl Tech, Serv		Janus Henderson VIT Overseas, Serv		Janus Henderson VIT Res, Serv
Assets
Investments, at fair value^(1),(2)	$	31,839,429	$	41,906,651	$	22,441,044	$	19,487,255	$	42,066,669
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		146,862		380		4,810		2,423		87,185
Receivable for share redemptions		27,804		81,869		15,804		13,970		43,740
Total assets		32,014,095		41,988,900		22,461,658		19,503,648		42,197,594

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		26,516		36,196		15,804		13,970		34,518
Contract terminations		1,288		45,673		—		—		9,222
Payable for investments purchased		146,862		380		4,810		2,423		87,185
Total liabilities		174,666		82,249		20,614		16,393		130,925
Net assets applicable to contracts in accumulation period		31,801,611		41,881,745		22,271,592		19,362,475		42,034,928
Net assets applicable to contracts in payment period		36,773		24,662		169,452		124,780		30,966
Net assets applicable to seed money		1,045		244		—		—		775
Total net assets	$	31,839,429	$	41,906,651	$	22,441,044	$	19,487,255	$	42,066,669
⁽¹⁾ Investment shares		894,617		3,426,545		2,005,455		760,033		1,279,789
⁽²⁾ Investments, at cost	$	33,122,201	$	44,034,730	$	14,810,431	$	25,945,281	$	35,898,107

See accompanying notes to financial statements.



8		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Assets and Liabilities


December 31, 2018 (continued)	Lazard Ret Global Dyn MA, Serv		MFS Mass Inv Gro Stock, Serv Cl		MFS New Dis, Serv Cl		MFS Utilities, Serv Cl		MS VIF Global Real Est, Cl II
Assets
Investments, at fair value^(1),(2)	$	19,245,287	$	53,770,033	$	29,201,205	$	151,014,970	$	27,834,034
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		177		59,990		2,384		14,613		161
Receivable for share redemptions		54,991		56,103		24,401		243,339		54,187
Total assets		19,300,455		53,886,126		29,227,990		151,272,922		27,888,382

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		17,806		40,871		21,035		121,888		22,074
Contract terminations		37,184		15,232		3,366		121,451		32,113
Payable for investments purchased		177		59,990		2,384		14,613		161
Total liabilities		55,167		116,093		26,785		257,952		54,348
Net assets applicable to contracts in accumulation period		19,244,655		53,629,436		29,088,590		150,647,274		27,769,810
Net assets applicable to contracts in payment period		—		140,597		112,615		367,399		64,224
Net assets applicable to seed money		633		—		—		297		—
Total net assets	$	19,245,288	$	53,770,033	$	29,201,205	$	151,014,970	$	27,834,034
⁽¹⁾ Investment shares		1,657,648		3,093,788		1,835,399		5,232,674		2,820,064
⁽²⁾ Investments, at cost	$	20,931,455	$	53,931,296	$	28,590,772	$	139,968,885	$	25,708,243

December 31, 2018 (continued)	MS VIF Mid Cap Gro, Cl II		NB AMT Intl Eq, Cl S		NB AMT US Eq Index PW Strat, Cl S		Oppen Global VA, Serv		Oppen Global Strategic Inc VA, Srv
Assets
Investments, at fair value^(1),(2)	$	39,637,381	$	10,776,558	$	3,586,425	$	114,539,342	$	234,872,032
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		37,931		4,776		493		146,178		53,172
Receivable for share redemptions		49,322		23,394		3,790		151,252		418,128
Total assets		39,724,634		10,804,728		3,590,708		114,836,772		235,343,332

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		33,085		8,576		3,192		94,771		185,931
Contract terminations		16,237		14,818		598		56,481		232,197
Payable for investments purchased		37,931		4,776		493		146,178		53,172
Total liabilities		87,253		28,170		4,283		297,430		471,300
Net assets applicable to contracts in accumulation period		39,533,896		10,775,124		3,585,773		114,207,681		234,060,239
Net assets applicable to contracts in payment period		103,030		1,434		—		330,881		811,422
Net assets applicable to seed money		455		—		652		780		371
Total net assets	$	39,637,381	$	10,776,558	$	3,586,425	$	114,539,342	$	234,872,032
⁽¹⁾ Investment shares		3,803,971		953,678		400,718		3,051,941		48,931,673
⁽²⁾ Investments, at cost	$	43,981,415	$	10,417,661	$	3,897,756	$	111,088,620	$	257,690,391

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			9

Statements of Assets and Liabilities


December 31, 2018 (continued)	Oppen Main St Sm Cap VA, Serv		PIMCO VIT All Asset, Advisor Cl		PIMCO VIT Glb MA Man Alloc, Adv Cl		PIMCO VIT Tot Return, Advisor Cl		Put VT Global Hlth Care, Cl IB
Assets
Investments, at fair value^(1),(2)	$	84,592,959	$	70,330,570	$	4,552,922	$	30,434,688	$	22,464,995
Dividends receivable		—		—		—		78,510		—
Accounts receivable from RiverSource Life for contract purchase payments		56,350		6,944		155,114		208,522		27,346
Receivable for share redemptions		85,785		73,656		5,371		50,635		19,195
Total assets		84,735,094		70,411,170		4,713,407		30,772,355		22,511,536

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		71,142		57,412		4,120		27,050		16,411
Contract terminations		14,643		16,244		1,251		23,585		2,784
Payable for investments purchased		56,350		6,944		155,114		287,032		27,346
Total liabilities		142,135		80,600		160,485		337,667		46,541
Net assets applicable to contracts in accumulation period		84,460,388		69,852,391		4,552,214		30,422,109		22,416,576
Net assets applicable to contracts in payment period		132,186		477,787		—		—		48,419
Net assets applicable to seed money		385		392		708		12,579		—
Total net assets	$	84,592,959	$	70,330,570	$	4,552,922	$	30,434,688	$	22,464,995
⁽¹⁾ Investment shares		4,223,313		6,998,067		414,279		2,904,073		1,671,503
⁽²⁾Investments, at cost	$	92,677,276	$	76,567,443	$	4,990,044	$	31,510,635	$	25,120,412

December 31, 2018 (continued)	Put VT Intl Eq, Cl IB		Put VT Sus Leaders, Cl IB		Temp Global Bond, Cl 2		VanEck VIP Global Gold, Cl S		VP Aggr, Cl 2
Assets
Investments, at fair value^(1),(2)	$	10,945,737	$	26,028,826	$	36,360,511	$	12,411,037	$	983,659,658
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		3,919		5,338		11,031		95		54,665
Receivable for share redemptions		21,461		18,736		42,881		14,414		820,208
Total assets		10,971,117		26,052,900		36,414,423		12,425,546		984,534,531

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		8,038		18,736		30,665		10,739		813,477
Contract terminations		13,423		—		12,216		3,675		6,731
Payable for investments purchased		3,919		5,338		11,031		95		54,665
Total liabilities		25,380		24,074		53,912		14,509		874,873
Net assets applicable to contracts in accumulation period		10,931,446		25,973,720		36,359,919		12,410,392		982,151,687
Net assets applicable to contracts in payment period		14,291		55,106		—		—		1,507,890
Net assets applicable to seed money		—		—		592		645		81
Total net assets	$	10,945,737	$	26,028,826	$	36,360,511	$	12,411,037	$	983,659,658
⁽¹⁾ Investment shares		899,403		778,840		2,160,458		1,995,344		54,315,829
⁽²⁾ Investments, at cost	$	11,977,813	$	19,547,204	$	37,175,898	$	14,255,867	$	719,639,411

See accompanying notes to financial statements.



10		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Assets and Liabilities


December 31, 2018 (continued)	VP Aggr, Cl 4		VP Conserv, Cl 2		VP Conserv, Cl 4		VP Man Risk, Cl 2		VP Man Risk US, Cl 2
Assets
Investments, at fair value^(1),(2)	$	609,396,555	$	387,056,518	$	446,020,617	$	92,980,353	$	72,134,759
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		424,479		213,918		897		231,263		273,410
Receivable for share redemptions		522,489		721,454		532,631		75,556		58,036
Total assets		610,343,523		387,991,890		446,554,145		93,287,172		72,466,205

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		478,507		340,434		366,409		75,556		57,496
Contract terminations		43,982		381,020		166,222		—		540
Payable for investments purchased		424,479		213,918		897		231,263		273,410
Total liabilities		946,968		935,372		533,528		306,819		331,446
Net assets applicable to contracts in accumulation period		609,396,555		386,527,263		446,020,617		92,980,113		72,134,439
Net assets applicable to contracts in payment period		—		529,189		—		—		—
Net assets applicable to seed money		—		66		—		240		320
Total net assets	$	609,396,555	$	387,056,518	$	446,020,617	$	92,980,353	$	72,134,759
⁽¹⁾ Investment shares		33,612,606		28,692,107		33,063,055		9,449,223		7,142,055
⁽²⁾ Investments, at cost	$	364,530,043	$	343,955,283	$	373,027,718	$	97,591,153	$	75,170,539

December 31, 2018 (continued)	VP Man Vol Conserv, Cl 2		VP Man Vol Conserv Gro, Cl 2		VP Man Vol Gro, Cl 2		VP Man Vol Mod Gro, Cl 2		VP Mod, Cl 2
Assets
Investments, at fair value^(1),(2)	$	377,187,591	$	1,166,104,756	$	9,161,188,993	$	12,547,330,122	$	6,252,850,471
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		336,805		113,449		2,496,812		1,456,886		332,327
Receivable for share redemptions		428,224		1,088,176		8,608,169		11,375,731		7,574,977
Total assets		377,952,620		1,167,306,381		9,172,293,974		12,560,162,739		6,260,757,775

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		318,926		1,011,333		7,691,351		10,778,475		5,326,001
Contract terminations		109,298		76,843		916,818		597,256		2,248,976
Payable for investments purchased		336,805		113,449		2,496,812		1,456,886		332,327
Total liabilities		765,029		1,201,625		11,104,981		12,832,617		7,907,304
Net assets applicable to contracts in accumulation period		377,187,440		1,165,452,401		9,159,708,409		12,547,155,845		6,248,927,065
Net assets applicable to contracts in payment period		—		652,286		1,480,521		174,256		3,923,362
Net assets applicable to seed money		151		69		63		21		44
Total net assets	$	377,187,591	$	1,166,104,756	$	9,161,188,993	$	12,547,330,122	$	6,252,850,471
⁽¹⁾ Investment shares		33,291,050		98,906,256		724,204,663		939,171,416		392,520,431
⁽²⁾ Investments, at cost	$	362,049,080	$	1,080,125,595	$	8,412,112,158	$	10,924,095,861	$	4,613,304,950

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			11

Statements of Assets and Liabilities


December 31, 2018 (continued)	VP Mod, Cl 4		VP Mod Aggr, Cl 2		VP Mod Aggr, Cl 4		VP Mod Conserv, Cl 2		VP Mod Conserv, Cl 4
Assets
Investments, at fair value^(1),(2)	$	7,036,347,572	$	3,155,125,531	$	2,188,002,158	$	1,148,665,107	$	1,304,636,677
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		5,183		77,316		141,684		263,500		8,147
Receivable for share redemptions		9,362,431		2,943,287		2,635,562		1,448,850		1,340,447
Total assets		7,045,715,186		3,158,146,134		2,190,779,404		1,150,377,457		1,305,985,271

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		5,648,708		2,640,792		1,728,241		1,006,778		1,074,014
Contract terminations		3,713,723		302,495		907,321		442,072		266,433
Payable for investments purchased		5,183		77,316		141,684		263,500		8,147
Total liabilities		9,367,614		3,020,603		2,777,246		1,712,350		1,348,594
Net assets applicable to contracts in accumulation period		7,036,347,572		3,153,306,789		2,188,002,158		1,147,653,897		1,304,636,677
Net assets applicable to contracts in payment period		—		1,818,679		—		1,011,189		—
Net assets applicable to seed money		—		63		—		21		—
Total net assets	$	7,036,347,572	$	3,155,125,531	$	2,188,002,158	$	1,148,665,107	$	1,304,636,677
⁽¹⁾ Investment shares		441,150,318		185,051,351		128,178,217		78,407,175		88,871,708
⁽²⁾ Investments, at cost	$	4,465,953,500	$	2,239,608,566	$	1,310,407,301	$	931,201,560	$	931,285,215

December 31, 2018 (continued)	VP Ptnrs Sm Cap Val, Cl 3		VP US Flex Conserv Gro, Cl 2		VP US Flex Gro, Cl 2		VP US Flex Mod Gro, Cl 2		Wanger Intl
Assets
Investments, at fair value^(1),(2)	$	61,363,084	$	128,176,288	$	1,616,519,568	$	1,074,952,586	$	160,984,074
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		33,790		362,202		2,668,208		917,318		35,859
Receivable for share redemptions		67,374		103,881		1,345,402		907,583		144,035
Total assets		61,464,248		128,642,371		1,620,533,178		1,076,777,487		161,163,968

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		45,443		103,600		1,340,574		898,275		122,124
Contract terminations		21,931		281		4,828		9,308		21,911
Payable for investments purchased		33,790		362,202		2,668,208		917,318		35,859
Total liabilities		101,164		466,083		4,013,610		1,824,901		179,894
Net assets applicable to contracts in accumulation period		60,989,381		128,139,038		1,616,519,460		1,074,952,456		160,584,117
Net assets applicable to contracts in payment period		373,703		36,969		—		—		399,957
Net assets applicable to seed money		—		281		108		130		—
Total net assets	$	61,363,084	$	128,176,288	$	1,616,519,568	$	1,074,952,586	$	160,984,074
⁽¹⁾ Investment shares		2,561,064		11,684,256		137,225,770		94,459,805		7,251,535
⁽²⁾ Investments, at cost	$	35,509,786	$	127,237,314	$	1,596,661,682	$	1,059,210,694	$	198,901,071

See accompanying notes to financial statements.



12		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Assets and Liabilities


December 31, 2018 (continued)	Wanger USA		WF VT Index Asset Alloc, Cl 2		WF VT Intl Eq, Cl 2		WF VT Opp, Cl 2		WF VT Sm Cap Gro, Cl 2
Assets
Investments, at fair value^(1),(2)	$	227,464,026	$	22,592,665	$	29,639,888	$	44,290,068	$	72,560,660
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life for contract purchase payments		103,893		518		5,169		7,256		92,267
Receivable for share redemptions		205,588		16,299		33,245		67,365		85,987
Total assets		227,773,507		22,609,482		29,678,302		44,364,689		72,738,914

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee		170,711		16,299		23,208		35,565		60,598
Contract terminations		34,877		—		10,037		31,800		25,389
Payable for investments purchased		103,893		518		5,169		7,256		92,267
Total liabilities		309,481		16,817		38,414		74,621		178,254
Net assets applicable to contracts in accumulation period		226,602,703		22,063,482		29,530,967		44,163,986		72,456,615
Net assets applicable to contracts in payment period		861,323		529,089		108,921		125,547		103,325
Net assets applicable to seed money		—		94		—		535		720
Total net assets	$	227,464,026	$	22,592,665	$	29,639,888	$	44,290,068	$	72,560,660
⁽¹⁾ Investment shares		10,988,600		1,226,529		10,256,017		1,938,296		7,727,440
⁽²⁾ Investments, at cost	$	300,396,633	$	18,042,013	$	43,345,637	$	41,222,086	$	71,339,642

December 31, 2018 (continued)									WA Var Global Hi Yd Bond, Cl II
Assets
Investments, at fair value^(1),(2)									$	8,870,412
Dividends receivable										—
Accounts receivable from RiverSource Life for contract purchase payments										4
Receivable for share redemptions										24,585
Total assets										8,895,001

Liabilities
Payable to RiverSource Life for:
Mortality and expense risk fee										7,991
Contract terminations										16,594
Payable for investments purchased										4
Total liabilities										24,589
Net assets applicable to contracts in accumulation period										8,869,097
Net assets applicable to contracts in payment period										831
Net assets applicable to seed money										484
Total net assets									$	8,870,412
⁽¹⁾ Investment shares										1,294,951
⁽²⁾ Investments, at cost									$	9,878,551

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			13

Statements of Operations


Year ended December 31, 2018	AB VPS Dyn Asset Alloc, Cl B			AB VPS Global Thematic Gro, Cl B			AB VPS Gro & Inc, Cl B			AB VPS Intl Val, Cl B			ALPS Alerian Engy Infr, Class III
Investment income
Dividend income	$	136,623		$	—		$	623,298		$	1,289,123		$	691,743
Variable account expenses		97,155			71,576			738,631			1,061,995			415,888
Investment income (loss) — net		39,468			(71,576	)		(115,333	)		227,128			275,855

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		2,311,457			3,392,401			13,784,742			19,799,982			10,395,014
Cost of investments sold		2,179,202			2,351,160			10,111,669			20,168,501			11,583,602
Net realized gain (loss) on sales of investments		132,255			1,041,241			3,673,073			(368,519	)		(1,188,588	)
Distributions from capital gains		10,893			—			9,474,722			—			—
Net change in unrealized appreciation or depreciation of investments		(953,986	)		(1,714,968	)		(18,147,435	)		(29,101,392	)		(7,429,114	)
Net gain (loss) on investments		(810,838	)		(673,727	)		(4,999,640	)		(29,469,911	)		(8,617,702	)
Net increase (decrease) in net assets resulting from operations	$	(771,370	)	$	(745,303	)	$	(5,114,973	)	$	(29,242,783	)	$	(8,341,847	)

Year ended December 31, 2018 (continued)	AC VP Intl, Cl II			AC VP Mid Cap Val, Cl II			AC VP Ultra, Cl II			AC VP Val, Cl II			BlackRock Global Alloc, Cl III
Investment income
Dividend income	$	276,571		$	810,076		$	34,732		$	2,939,155		$	672,041
Variable account expenses		212,464			602,751			296,999			1,860,917			842,076
Investment income (loss) — net		64,107			207,325			(262,267	)		1,078,238			(170,035	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		4,283,730			18,832,311			6,049,100			34,840,900			14,961,835
Cost of investments sold		3,117,403			15,659,696			4,239,142			23,802,432			14,934,726
Net realized gain (loss) on sales of investments		1,166,327			3,172,615			1,809,958			11,038,468			27,109
Distributions from capital gains		1,630,759			4,239,504			3,100,297			12,556			3,414,155
Net change in unrealized appreciation or depreciation of investments		(6,644,916	)		(15,834,263	)		(5,069,973	)		(30,833,355	)		(10,090,429	)
Net gain (loss) on investments		(3,847,830	)		(8,422,144	)		(159,718	)		(19,782,331	)		(6,649,165	)
Net increase (decrease) in net assets resulting from operations	$	(3,783,723	)	$	(8,214,819	)	$	(421,985	)	$	(18,704,093	)	$	(6,819,200	)

Year ended December 31, 2018 (continued)	Calvert VP SRI Bal, Cl I			Col VP Bal, Cl 3			Col VP Commodity Strategy, Cl 2			Col VP Contrarian Core, Cl 2			Col VP Disciplined Core, Cl 3
Investment income
Dividend income	$	351,579		$	—		$	—		$	—		$	—
Variable account expenses		170,810			4,886,711			50,510			1,001,047			3,593,404
Investment income (loss) — net		180,769			(4,886,711	)		(50,510	)		(1,001,047	)		(3,593,404	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		2,764,270			71,159,460			995,750			20,884,688			50,960,542
Cost of investments sold		2,411,413			50,957,546			1,092,706			16,097,549			23,631,887
Net realized gain (loss) on sales of investments		352,857			20,201,914			(96,956	)		4,787,139			27,328,655
Distributions from capital gains		1,819,378			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(2,994,880	)		(47,024,035	)		(642,398	)		(13,049,083	)		(37,572,177	)
Net gain (loss) on investments		(822,645	)		(26,822,121	)		(739,354	)		(8,261,944	)		(10,243,522	)
Net increase (decrease) in net assets resulting from operations	$	(641,876	)	$	(31,708,832	)	$	(789,864	)	$	(9,262,991	)	$	(13,836,926	)

See accompanying notes to financial statements.



14		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Operations


Year ended December 31, 2018 (continued)	Col VP Div Abs Return, Cl 2			Col VP Divd Opp, Cl 3			Col VP Emerg Mkts Bond, Cl 2			Col VP Emer Mkts, Cl 3			Col VP Global Strategic Inc, Cl 3
Investment income
Dividend income	$	—		$	—		$	650,597		$	657,278		$	3,652,818
Variable account expenses		33,794			4,668,647			149,726			1,399,251			780,446
Investment income (loss) — net		(33,794	)		(4,668,647	)		500,871			(741,973	)		2,872,372

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		995,046			97,836,328			5,894,048			24,431,887			18,026,799
Cost of investments sold		1,027,842			48,417,890			6,112,518			17,611,651			22,790,570
Net realized gain (loss) on sales of investments		(32,796	)		49,418,438			(218,470	)		6,820,236			(4,763,771	)
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(259,495	)		(75,608,757	)		(1,630,051	)		(40,515,516	)		(3,505,060	)
Net gain (loss) on investments		(292,291	)		(26,190,319	)		(1,848,521	)		(33,695,280	)		(8,268,831	)
Net increase (decrease) in net assets resulting from operations	$	(326,085	)	$	(30,858,966	)	$	(1,347,650	)	$	(34,437,253	)	$	(5,396,459	)

Year ended December 31, 2018 (continued)	Col VP Govt Money Mkt, Cl 3			Col VP Hi Yield Bond, Cl 3			Col VP Inc Opp, Cl 3			Col VP Inter Bond, Cl 3			Col VP Lg Cap Gro, Cl 3
Investment income
Dividend income	$	1,573,186		$	12,229,432		$	6,706,920		$	7,330,727		$	—
Variable account expenses		1,072,844			2,086,681			1,273,296			3,058,301			1,146,853
Investment income (loss) — net		500,342			10,142,751			5,433,624			4,272,426			(1,146,853	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		41,015,910			58,094,401			41,589,716			72,444,143			23,857,413
Cost of investments sold		41,013,457			58,563,011			49,013,326			75,040,964			11,619,838
Net realized gain (loss) on sales of investments		2,453			(468,610	)		(7,423,610	)		(2,596,821	)		12,237,575
Distributions from capital gains		—			—			—			2,398,868			—
Net change in unrealized appreciation or depreciation of investments		(2,454	)		(20,120,134	)		(4,314,277	)		(7,107,449	)		(15,881,048	)
Net gain (loss) on investments		(1	)		(20,588,744	)		(11,737,887	)		(7,305,402	)		(3,643,473	)
Net increase (decrease) in net assets resulting from operations	$	500,341		$	(10,445,993	)	$	(6,304,263	)	$	(3,032,976	)	$	(4,790,326	)

Year ended December 31, 2018 (continued)	Col VP Lg Cap Index, Cl 3			Col VP Limited Duration Cr, Cl 2			Col VP Long Govt/Cr Bond, Cl 2			Col VP Mid Cap Gro, Cl 3			Col VP Mid Cap Val, Cl 3
Investment income
Dividend income	$	—		$	550,773		$	442,526		$	—		$	—
Variable account expenses		3,274,398			346,893			139,880			791,236			529,294
Investment income (loss) — net		(3,274,398	)		203,880			302,646			(791,236	)		(529,294	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		35,313,715			9,862,946			5,895,616			12,975,724			13,281,465
Cost of investments sold		21,335,259			10,133,238			6,182,489			6,262,021			7,318,128
Net realized gain (loss) on sales of investments		13,978,456			(270,292	)		(286,873	)		6,713,703			5,963,337
Distributions from capital gains		—			—			423,044			—			—
Net change in unrealized appreciation or depreciation of investments		(30,040,945	)		(268,708	)		(1,432,592	)		(9,696,488	)		(13,326,242	)
Net gain (loss) on investments		(16,062,489	)		(539,000	)		(1,296,421	)		(2,982,785	)		(7,362,905	)
Net increase (decrease) in net assets resulting from operations	$	(19,336,887	)	$	(335,120	)	$	(993,775	)	$	(3,774,021	)	$	(7,892,199	)

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			15

Statements of Operations


Year ended December 31, 2018 (continued)	Col VP Overseas Core, 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	$	2,276,760		$	—		$	—		$	1,983,637		$	444,275
Variable account expenses		849,990			347,760			373,046			653,454			157,463
Investment income (loss) — net		1,426,770			(347,760	)		(373,046	)		1,330,183			286,812

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		15,553,912			9,691,780			7,945,694			18,990,065			4,404,448
Cost of investments sold		12,521,394			6,160,520			4,363,161			19,342,709			8,054,176
Net realized gain (loss) on sales of investments		3,032,518			3,531,260			3,582,533			(352,644	)		(3,649,728	)
Distributions from capital gains		—			—			—			63,097			—
Net change in unrealized appreciation or depreciation of investments		(19,143,351	)		(8,189,570	)		(8,438,000	)		(681,440	)		1,327,500
Net gain (loss) on investments		(16,110,833	)		(4,658,310	)		(4,855,467	)		(970,987	)		(2,322,228	)
Net increase (decrease) in net assets resulting from operations	$	(14,684,063	)	$	(5,006,070	)	$	(5,228,513	)	$	359,196		$	(2,035,416	)

Year ended December 31, 2018 (continued)	CTIVP AQR Man Fut Strategy, Cl 2			CTIVP BR Gl Infl Prot Sec, Cl 3			CTIVP Lazard Intl Eq Adv, Cl 2			CTIVP Loomis Sayles Gro, Cl 1			CTIVP MFS Blend Res Core Eq, Cl 3
Investment income
Dividend income	$	—		$	—		$	347,452		$	—		$	—
Variable account expenses		164,271			763,746			179,560			1,247,107			265,373
Investment income (loss) — net		(164,271	)		(763,746	)		167,892			(1,247,107	)		(265,373	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		5,361,484			18,200,467			2,916,054			27,893,721			7,776,708
Cost of investments sold		6,644,814			23,800,400			2,799,029			19,278,114			3,774,235
Net realized gain (loss) on sales of investments		(1,283,330	)		(5,599,933	)		117,025			8,615,607			4,002,473
Distributions from capital gains		—			494,575			57,326			—			—
Net change in unrealized appreciation or depreciation of investments		(61,853	)		4,620,813			(3,575,536	)		(10,375,809	)		(5,813,242	)
Net gain (loss) on investments		(1,345,183	)		(484,545	)		(3,401,185	)		(1,760,202	)		(1,810,769	)
Net increase (decrease) in net assets resulting from operations	$	(1,509,454	)	$	(1,248,291	)	$	(3,233,293	)	$	(3,007,309	)	$	(2,076,142	)

Year ended December 31, 2018 (continued)	CTIVP Vty Sycamore Estb Val, Cl 3			CTIVP WF Short Duration Govt, Cl 2			DWS Alt Asset Alloc VIP, Cl B			EV VT Floating-Rate Inc, Init Cl			Fid VIP Contrafund, Serv Cl 2
Investment income
Dividend income	$	—		$	184,192		$	320,977		$	5,509,182		$	1,952,417
Variable account expenses		331,147			194,746			164,512			1,356,249			4,393,064
Investment income (loss) — net		(331,147	)		(10,554	)		156,465			4,152,933			(2,440,647	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		6,183,272			7,236,635			5,588,025			24,862,496			69,269,621
Cost of investments sold		4,274,512			7,324,740			5,921,393			24,868,726			56,388,679
Net realized gain (loss) on sales of investments		1,908,760			(88,105	)		(333,368	)		(6,230	)		12,880,942
Distributions from capital gains		—			—			—			—			40,174,981
Net change in unrealized appreciation or depreciation of investments		(5,693,576	)		80,294			(1,568,435	)		(5,633,533	)		(81,182,817	)
Net gain (loss) on investments		(3,784,816	)		(7,811	)		(1,901,803	)		(5,639,763	)		(28,126,894	)
Net increase (decrease) in net assets resulting from operations	$	(4,115,963	)	$	(18,365	)	$	(1,745,338	)	$	(1,486,830	)	$	(30,567,541	)

See accompanying notes to financial statements.



16		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Operations


Year ended December 31, 2018 (continued)	Fid VIP Gro & Inc, Serv Cl 2			Fid VIP Mid Cap, Serv Cl 2			Fid VIP Overseas, Serv Cl 2			Fid VIP Strategic Inc, Serv Cl 2			Frank Global Real Est, Cl 2
Investment income
Dividend income	$	203,783		$	1,664,211		$	710,384		$	4,606,141		$	2,318,908
Variable account expenses		875,249			3,856,398			508,634			1,259,522			778,751
Investment income (loss) — net		(671,466	)		(2,192,187	)		201,750			3,346,619			1,540,157

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		18,364,334			61,998,218			10,199,371			20,592,952			18,754,043
Cost of investments sold		12,317,470			51,840,143			8,259,044			20,761,094			21,238,117
Net realized gain (loss) on sales of investments		6,046,864			10,158,075			1,940,327			(168,142	)		(2,484,074	)
Distributions from capital gains		6,172,997			37,722,407			—			233,806			—
Net change in unrealized appreciation or depreciation of investments		(20,744,500	)		(106,693,381	)		(11,008,457	)		(8,293,378	)		(5,769,272	)
Net gain (loss) on investments		(8,524,639	)		(58,812,899	)		(9,068,130	)		(8,227,714	)		(8,253,346	)
Net increase (decrease) in net assets resulting from operations	$	(9,196,105	)	$	(61,005,086	)	$	(8,866,380	)	$	(4,881,095	)	$	(6,713,189	)

Year ended December 31, 2018 (continued)	Frank Inc, Cl 2			Frank Mutual Shares, Cl 2			Frank Sm Cap Val, Cl 2			GS VIT Mid Cap Val, Inst			GS VIT Multi-Strategy Alt, Advisor
Investment income
Dividend income	$	2,657,779		$	2,330,924		$	1,151,232		$	1,714,370		$	127,766
Variable account expenses		596,998			953,617			1,210,909			1,165,987			54,841
Investment income (loss) — net		2,060,781			1,377,307			(59,677	)		548,383			72,925

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		11,694,809			20,777,758			20,813,301			24,262,587			1,324,475
Cost of investments sold		11,658,190			18,764,096			19,131,044			21,612,686			1,381,311
Net realized gain (loss) on sales of investments		36,619			2,013,662			1,682,257			2,649,901			(56,836	)
Distributions from capital gains		—			3,629,535			19,605,804			15,547,511			—
Net change in unrealized appreciation or depreciation of investments		(5,084,575	)		(16,269,794	)		(38,386,912	)		(33,041,542	)		(470,223	)
Net gain (loss) on investments		(5,047,956	)		(10,626,597	)		(17,098,851	)		(14,844,130	)		(527,059	)
Net increase (decrease) in net assets resulting from operations	$	(2,987,175	)	$	(9,249,290	)	$	(17,158,528	)	$	(14,295,747	)	$	(454,134	)

Year ended December 31, 2018 (continued)	GS VIT U.S. Eq Insights, Inst			Invesco VI Am Fran, Ser II			Invesco VI Bal Risk Alloc, Ser II			Invesco VI Comstock, Ser II			Invesco VI Div Divd, Ser I
Investment income
Dividend income	$	1,470,498		$	—		$	547,802		$	1,883,285		$	643,636
Variable account expenses		1,071,357			440,562			460,952			1,187,687			249,564
Investment income (loss) — net		399,141			(440,562	)		86,850			695,598			394,072

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		19,335,555			9,963,825			11,216,654			23,485,470			10,210,267
Cost of investments sold		13,663,301			6,430,648			12,169,780			16,096,143			8,141,177
Net realized gain (loss) on sales of investments		5,672,254			3,533,177			(953,126	)		7,389,327			2,069,090
Distributions from capital gains		17,230,730			3,236,004			3,798,122			12,953,555			924,137
Net change in unrealized appreciation or depreciation of investments		(30,835,130	)		(7,895,762	)		(6,280,496	)		(37,298,458	)		(5,671,650	)
Net gain (loss) on investments		(7,932,146	)		(1,126,581	)		(3,435,500	)		(16,955,576	)		(2,678,423	)
Net increase (decrease) in net assets resulting from operations	$	(7,533,005	)	$	(1,567,143	)	$	(3,348,650	)	$	(16,259,978	)	$	(2,284,351	)

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			17

Statements of Operations


Year ended December 31, 2018 (continued)	Invesco VI Hlth, Ser II			Invesco VI Intl Gro, Ser II			Invesco VI Mid Cap Gro, Ser I			Invesco VI Tech, Ser I			Ivy VIP Asset Strategy
Investment income
Dividend income	$	—		$	1,157,748		$	—		$	—		$	295,493
Variable account expenses		389,812			610,703			171,904			208,768			168,168
Investment income (loss) — net		(389,812	)		547,045			(171,904	)		(208,768	)		127,325

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		9,759,119			17,022,406			3,471,290			4,236,797			3,648,182
Cost of investments sold		9,850,732			13,412,181			2,813,470			2,907,411			4,130,087
Net realized gain (loss) on sales of investments		(91,613	)		3,610,225			657,820			1,329,386			(481,905	)
Distributions from capital gains		5,626,269			454,125			2,149,197			1,103,762			645,811
Net change in unrealized appreciation or depreciation of investments		(5,208,820	)		(15,554,016	)		(3,629,978	)		(2,461,949	)		(1,287,276	)
Net gain (loss) on investments		325,836			(11,489,666	)		(822,961	)		(28,801	)		(1,123,370	)
Net increase (decrease) in net assets resulting from operations	$	(63,976	)	$	(10,942,621	)	$	(994,865	)	$	(237,569	)	$	(996,045	)

Year ended December 31, 2018 (continued)	Janus Henderson VIT Bal, Serv⁽¹⁾			Janus Henderson VIT Flex Bd, Serv			Janus Henderson VIT Gbl Tech, Serv			Janus Henderson VIT Overseas, Serv			Janus Henderson VIT Res, Serv
Investment income
Dividend income	$	186,813		$	1,189,332		$	—		$	397,553		$	168,926
Variable account expenses		130,075			461,994			216,705			203,196			456,080
Investment income (loss) — net		56,738			727,338			(216,705	)		194,357			(287,154	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		1,558,795			14,173,914			4,090,201			3,505,478			9,871,697
Cost of investments sold		1,561,157			14,748,672			2,353,486			3,982,144			7,241,223
Net realized gain (loss) on sales of investments		(2,362	)		(574,758	)		1,736,715			(476,666	)		2,630,474
Distributions from capital gains		6,501			—			1,126,999			—			2,302,273
Net change in unrealized appreciation or depreciation of investments		(1,282,772	)		(1,312,324	)		(2,414,613	)		(3,423,902	)		(6,078,380	)
Net gain (loss) on investments		(1,278,633	)		(1,887,082	)		449,101			(3,900,568	)		(1,145,633	)
Net increase (decrease) in net assets resulting from operations	$	(1,221,895	)	$	(1,159,744	)	$	232,396		$	(3,706,211	)	$	(1,432,787	)

⁽¹⁾ For the period April 27, 2018 (commencement of operations) to December 31, 2018.

Year ended December 31, 2018 (continued)	Lazard Ret Global Dyn MA, Serv			MFS Mass Inv Gro Stock, Serv Cl			MFS New Dis, Serv Cl			MFS Utilities, Serv Cl			MS VIF Global Real Est, Cl II
Investment income
Dividend income	$	274,429		$	201,021		$	—		$	1,368,463		$	1,038,837
Variable account expenses		210,931			545,836			295,764			1,561,105			309,665
Investment income (loss) — net		63,498			(344,815	)		(295,764	)		(192,642	)		729,172

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		3,479,285			12,630,426			5,773,791			35,387,559			9,228,836
Cost of investments sold		3,265,312			11,429,508			4,535,070			32,401,985			7,828,471
Net realized gain (loss) on sales of investments		213,973			1,200,918			1,238,721			2,985,574			1,400,365
Distributions from capital gains		1,245,439			3,552,510			4,901,675			625,614			—
Net change in unrealized appreciation or depreciation of investments		(3,180,057	)		(4,102,684	)		(6,261,023	)		(3,482,056	)		(5,142,330	)
Net gain (loss) on investments		(1,720,645	)		650,744			(120,627	)		129,132			(3,741,965	)
Net increase (decrease) in net assets resulting from operations	$	(1,657,147	)	$	305,929		$	(416,391	)	$	(63,510	)	$	(3,012,793	)

See accompanying notes to financial statements.



18		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Operations


Year ended December 31, 2018 (continued)	MS VIF Mid Cap Gro, Cl II			NB AMT Intl Eq, Cl S			NB AMT US Eq Index PW Strat, Cl S			Oppen Global VA, Serv			Oppen Global Strategic Inc VA, Srv
Investment income
Dividend income	$	—		$	20,560		$	—		$	1,004,029		$	12,541,989
Variable account expenses		374,589			126,646			37,478			1,282,654			2,527,478
Investment income (loss) — net		(374,589	)		(106,086	)		(37,478	)		(278,625	)		10,014,511

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		7,443,036			3,294,818			866,326			18,426,103			64,922,882
Cost of investments sold		6,983,174			2,718,758			867,567			14,611,544			68,364,451
Net realized gain (loss) on sales of investments		459,862			576,060			(1,241	)		3,814,559			(3,441,569	)
Distributions from capital gains		7,921,024			—			111,780			9,364,472			—
Net change in unrealized appreciation or depreciation of investments		(6,097,769	)		(2,855,772	)		(374,873	)		(32,217,028	)		(21,648,334	)
Net gain (loss) on investments		2,283,117			(2,279,712	)		(264,334	)		(19,037,997	)		(25,089,903	)
Net increase (decrease) in net assets resulting from operations	$	1,908,528		$	(2,385,798	)	$	(301,812	)	$	(19,316,622	)	$	(15,075,392	)

Year ended December 31, 2018 (continued)	Oppen Main St Sm Cap VA, Serv			PIMCO VIT All Asset, Advisor Cl			PIMCO VIT Glb MA Man Alloc, Adv Cl			PIMCO VIT Tot Return, Advisor Cl			Put VT Global Hlth Care, Cl IB
Investment income
Dividend income	$	58,708		$	2,440,293		$	76,802		$	751,357		$	249,193
Variable account expenses		994,897			789,745			52,475			320,897			215,558
Investment income (loss) — net		(936,189	)		1,650,548			24,327			430,460			33,635

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		16,406,091			18,875,001			953,265			8,111,984			4,640,715
Cost of investments sold		14,181,698			19,467,579			915,602			8,338,705			4,791,802
Net realized gain (loss) on sales of investments		2,224,393			(592,578	)		37,663			(226,721	)		(151,087	)
Distributions from capital gains		12,813,424			—			362,889			370,974			4,151,185
Net change in unrealized appreciation or depreciation of investments		(24,848,087	)		(6,266,031	)		(735,509	)		(1,089,106	)		(4,266,672	)
Net gain (loss) on investments		(9,810,270	)		(6,858,609	)		(334,957	)		(944,853	)		(266,574	)
Net increase (decrease) in net assets resulting from operations	$	(10,746,459	)	$	(5,208,061	)	$	(310,630	)	$	(514,393	)	$	(232,939	)

Year ended December 31, 2018 (continued)	Put VT Intl Eq, Cl IB			Put VT Sus Leaders, Cl IB			Temp Global Bond, Cl 2			VanEck VIP Global Gold, Cl S			VP Aggr, Cl 2
Investment income
Dividend income	$	202,679		$	—		$	—		$	372,956		$	—
Variable account expenses		121,548			246,999			369,614			118,998			11,042,342
Investment income (loss) — net		81,131			(246,999	)		(369,614	)		253,958			(11,042,342	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		3,103,501			4,617,156			15,077,254			3,311,141			178,489,246
Cost of investments sold		2,830,674			2,993,915			15,540,901			3,842,659			118,186,053
Net realized gain (loss) on sales of investments		272,827			1,623,241			(463,647	)		(531,518	)		60,303,193
Distributions from capital gains		—			3,624,454			—			—			—
Net change in unrealized appreciation or depreciation of investments		(3,154,933	)		(5,531,422	)		1,137,568			(1,788,890	)		(151,749,543	)
Net gain (loss) on investments		(2,882,106	)		(283,727	)		673,921			(2,320,408	)		(91,446,350	)
Net increase (decrease) in net assets resulting from operations	$	(2,800,975	)	$	(530,726	)	$	304,307		$	(2,066,450	)	$	(102,488,692	)

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			19

Statements of Operations


Year ended December 31, 2018 (continued)	VP Aggr, Cl 4			VP Conserv, Cl 2			VP Conserv, Cl 4			VP Man Risk, Cl 2			VP Man Risk US, Cl 2
Investment income
Dividend income	$	—		$	—		$	—		$	—		$	—
Variable account expenses		6,769,158			4,423,412			4,902,510			545,574			366,639
Investment income (loss) — net		(6,769,158	)		(4,423,412	)		(4,902,510	)		(545,574	)		(366,639	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		159,171,080			114,216,897			139,475,682			1,613,722			1,026,576
Cost of investments sold		85,498,976			98,490,191			113,563,113			1,618,033			1,028,247
Net realized gain (loss) on sales of investments		73,672,104			15,726,706			25,912,569			(4,311	)		(1,671	)
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(130,523,224	)		(27,883,085	)		(39,944,286	)		(4,916,352	)		(3,271,491	)
Net gain (loss) on investments		(56,851,120	)		(12,156,379	)		(14,031,717	)		(4,920,663	)		(3,273,162	)
Net increase (decrease) in net assets resulting from operations	$	(63,620,278	)	$	(16,579,791	)	$	(18,934,227	)	$	(5,466,237	)	$	(3,639,801	)

Year ended December 31, 2018 (continued)	VP Man Vol Conserv, Cl 2			VP Man Vol Conserv Gro, Cl 2			VP Man Vol Gro, Cl 2			VP Man Vol Mod Gro, Cl 2			VP Mod, Cl 2
Investment income
Dividend income	$	—		$	—		$	—		$	—		$	—
Variable account expenses		3,908,715			12,822,920			96,429,074			136,112,838			68,605,827
Investment income (loss) — net		(3,908,715	)		(12,822,920	)		(96,429,074	)		(136,112,838	)		(68,605,827	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		107,616,230			150,763,660			409,122,965			568,893,872			595,981,358
Cost of investments sold		101,258,325			134,229,045			338,954,799			462,079,019			418,544,655
Net realized gain (loss) on sales of investments		6,357,905			16,534,615			70,168,166			106,814,853			177,436,703
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(16,165,653	)		(69,324,429	)		(844,970,202	)		(890,110,812	)		(548,849,926	)
Net gain (loss) on investments		(9,807,748	)		(52,789,814	)		(774,802,036	)		(783,295,959	)		(371,413,223	)
Net increase (decrease) in net assets resulting from operations	$	(13,716,463	)	$	(65,612,734	)	$	(871,231,110	)	$	(919,408,797	)	$	(440,019,050	)

Year ended December 31, 2018 (continued)	VP Mod, Cl 4			VP Mod Aggr, Cl 2			VP Mod Aggr, Cl 4			VP Mod Conserv, Cl 2			VP Mod Conserv, Cl 4
Investment income
Dividend income	$	—		$	—		$	—		$	—		$	—
Variable account expenses		75,766,347			35,345,518			24,140,714			13,045,395			14,441,880
Investment income (loss) — net		(75,766,347	)		(35,345,518	)		(24,140,714	)		(13,045,395	)		(14,441,880	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		1,255,237,786			493,475,721			561,774,791			205,616,181			311,451,799
Cost of investments sold		754,352,820			325,017,679			311,028,327			159,747,267			213,781,822
Net realized gain (loss) on sales of investments		500,884,966			168,458,042			250,746,464			45,868,914			97,669,977
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(920,090,314	)		(408,244,969	)		(417,336,192	)		(95,876,989	)		(154,089,666	)
Net gain (loss) on investments		(419,205,348	)		(239,786,927	)		(166,589,728	)		(50,008,075	)		(56,419,689	)
Net increase (decrease) in net assets resulting from operations	$	(494,971,695	)	$	(275,132,445	)	$	(190,730,442	)	$	(63,053,470	)	$	(70,861,569	)

See accompanying notes to financial statements.



20		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Operations


Year ended December 31, 2018 (continued)	VP Ptnrs Sm Cap Val, Cl 3			VP US Flex Conserv Gro, Cl 2			VP US Flex Gro, Cl 2			VP US Flex Mod Gro, Cl 2			Wanger Intl
Investment income
Dividend income	$	—		$	—		$	—		$	—		$	4,167,525
Variable account expenses		666,029			1,001,164			12,511,484			8,770,045			1,818,137
Investment income (loss) — net		(666,029	)		(1,001,164	)		(12,511,484	)		(8,770,045	)		2,349,388

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		14,141,387			13,433,926			15,112,618			15,081,472			33,347,341
Cost of investments sold		6,892,616			12,808,285			13,547,798			13,873,385			33,061,688
Net realized gain (loss) on sales of investments		7,248,771			625,641			1,564,820			1,208,087			285,653
Distributions from capital gains		—			—			—			—			23,303,054
Net change in unrealized appreciation or depreciation of investments		(16,698,077	)		(3,794,063	)		(84,377,612	)		(41,193,642	)		(63,266,053	)
Net gain (loss) on investments		(9,449,306	)		(3,168,422	)		(82,812,792	)		(39,985,555	)		(39,677,346	)
Net increase (decrease) in net assets resulting from operations	$	(10,115,335	)	$	(4,169,586	)	$	(95,324,276	)	$	(48,755,600	)	$	(37,327,958	)

Year ended December 31, 2018 (continued)	Wanger USA			WF VT Index Asset Alloc, Cl 2			WF VT Intl Eq, Cl 2			WF VT Opp, Cl 2			WF VT Sm Cap Gro, Cl 2
Investment income
Dividend income	$	252,903		$	247,367		$	4,163,825		$	97,740		$	—
Variable account expenses		2,412,212			216,136			335,727			497,182			788,588
Investment income (loss) — net		(2,159,309	)		31,231			3,828,098			(399,442	)		(788,588	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		46,262,583			4,482,669			8,003,692			10,994,944			14,393,585
Cost of investments sold		49,279,490			3,216,033			8,542,673			8,510,070			11,559,282
Net realized gain (loss) on sales of investments		(3,016,907	)		1,266,636			(538,981	)		2,484,874			2,834,303
Distributions from capital gains		62,992,223			1,618,698			8,590,407			4,920,101			7,662,875
Net change in unrealized appreciation or depreciation of investments		(59,641,203	)		(3,755,771	)		(18,635,023	)		(10,635,939	)		(10,377,764	)
Net gain (loss) on investments		334,113			(870,437	)		(10,583,597	)		(3,230,964	)		119,414
Net increase (decrease) in net assets resulting from operations	$	(1,825,196	)	$	(839,206	)	$	(6,755,499	)	$	(3,630,406	)	$	(669,174	)

Year ended December 31, 2018 (continued)													WA Var Global Hi Yd Bond, Cl II
Investment income
Dividend income													$	452,230
Variable account expenses														102,554
Investment income (loss) — net														349,676

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales														3,664,723
Cost of investments sold														3,830,640
Net realized gain (loss) on sales of investments														(165,917	)
Distributions from capital gains														—
Net change in unrealized appreciation or depreciation of investments														(692,940	)
Net gain (loss) on investments														(858,857	)
Net increase (decrease) in net assets resulting from operations													$	(509,181	)

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			21

Statements of Changes in Net Assets


Year ended December 31, 2018	AB VPS Dyn Asset Alloc, Cl B			AB VPS Global Thematic Gro, Cl B			AB VPS Gro & Inc, Cl B			AB VPS Intl Val, Cl B			ALPS Alerian Engy Infr, Class III
Operations
Investment income (loss) — net	$	39,468		$	(71,576	)	$	(115,333	)	$	227,128		$	275,855
Net realized gain (loss) on sales of investments		132,255			1,041,241			3,673,073			(368,519	)		(1,188,588	)
Distributions from capital gains		10,893			—			9,474,722			—			—
Net change in unrealized appreciation or depreciation of investments		(953,986	)		(1,714,968	)		(18,147,435	)		(29,101,392	)		(7,429,114	)
Net increase (decrease) in net assets resulting from operations		(771,370	)		(745,303	)		(5,114,973	)		(29,242,783	)		(8,341,847	)

Contract transactions
Contract purchase payments		2,502,585			95,933			664,085			1,560,898			1,987,569
Net transfers⁽¹⁾		(976,505	)		(1,238,979	)		2,050,566			202,008			(3,798,077	)
Transfers for policy loans		926			491			13,937			93,790			5,181
Adjustments to net assets allocated to contracts in payment period		—			(55,514	)		34,923			(31,957	)		4,127
Contract charges		(3,612	)		(5,952	)		(58,335	)		(139,340	)		(16,974	)
Contract terminations:
Surrender benefits		(618,492	)		(968,650	)		(10,080,320	)		(15,220,787	)		(3,751,050	)
Death benefits		(44,039	)		(111,362	)		(1,135,070	)		(1,636,474	)		(442,825	)
Increase (decrease) from contract transactions		860,863			(2,284,033	)		(8,510,214	)		(15,171,862	)		(6,012,049	)
Net assets at beginning of year		8,840,985			8,645,425			87,981,300			136,442,182			46,484,687
Net assets at end of year	$	8,930,478		$	5,616,089		$	74,356,113		$	92,027,537		$	32,130,791

Accumulation unit activity
Units outstanding at beginning of year		7,130,421			4,682,719			36,558,211			78,290,834			46,826,313
Contract purchase payments		2,088,688			52,265			274,011			1,044,269			2,136,260
Net transfers⁽¹⁾		(803,069	)		(710,438	)		887,799			(14,310	)		(4,105,419	)
Transfers for policy loans		765			268			5,786			50,744			5,068
Contract charges		(3,014	)		(3,271	)		(23,860	)		(79,278	)		(18,469	)
Contract terminations:
Surrender benefits		(507,629	)		(527,128	)		(4,117,147	)		(9,282,052	)		(4,002,165	)
Death benefits		(36,111	)		(61,716	)		(469,041	)		(998,201	)		(488,677	)
Units outstanding at end of year		7,870,051			3,432,699			33,115,759			69,012,006			40,352,911

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



22		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	AC VP Intl, Cl II			AC VP Mid Cap Val, Cl II			AC VP Ultra, Cl II			AC VP Val, Cl II			BlackRock Global Alloc, Cl III
Operations
Investment income (loss) — net	$	64,107		$	207,325		$	(262,267	)	$	1,078,238		$	(170,035	)
Net realized gain (loss) on sales of investments		1,166,327			3,172,615			1,809,958			11,038,468			27,109
Distributions from capital gains		1,630,759			4,239,504			3,100,297			12,556			3,414,155
Net change in unrealized appreciation or depreciation of investments		(6,644,916	)		(15,834,263	)		(5,069,973	)		(30,833,355	)		(10,090,429	)
Net increase (decrease) in net assets resulting from operations		(3,783,723	)		(8,214,819	)		(421,985	)		(18,704,093	)		(6,819,200	)

Contract transactions
Contract purchase payments		226,191			639,277			311,301			6,309,017			5,346,361
Net transfers⁽¹⁾		468,911			(4,969,432	)		6,468,760			(7,030,526	)		(4,004,703	)
Transfers for policy loans		(258	)		9,834			7,507			(7,114	)		18,432
Adjustments to net assets allocated to contracts in payment period		(23,066	)		(15,091	)		30,079			(17,816	)		(37,006	)
Contract charges		(18,557	)		(44,005	)		(19,981	)		(113,940	)		(34,014	)
Contract terminations:
Surrender benefits		(2,604,882	)		(8,066,343	)		(3,453,290	)		(22,005,681	)		(5,970,842	)
Death benefits		(196,580	)		(634,818	)		(402,989	)		(2,792,783	)		(1,260,803	)
Increase (decrease) from contract transactions		(2,148,241	)		(13,080,578	)		2,941,387			(25,658,843	)		(5,942,575	)
Net assets at beginning of year		25,479,644			71,937,429			29,024,018			210,213,403			84,099,017
Net assets at end of year	$	19,547,680		$	50,642,032		$	31,543,420		$	165,850,467		$	71,337,242

Accumulation unit activity
Units outstanding at beginning of year		12,766,523			29,035,262			11,436,386			81,490,278			62,869,050
Contract purchase payments		113,294			252,128			113,260			2,504,147			4,082,918
Net transfers⁽¹⁾		201,432			(2,044,256	)		2,307,161			(2,775,171	)		(3,086,837	)
Transfers for policy loans		218			3,653			2,681			(3,660	)		13,730
Contract charges		(9,479	)		(17,956	)		(7,264	)		(42,950	)		(26,094	)
Contract terminations:
Surrender benefits		(1,321,811	)		(3,232,569	)		(1,245,191	)		(8,352,528	)		(4,552,008	)
Death benefits		(99,122	)		(261,845	)		(140,925	)		(1,101,800	)		(968,508	)
Units outstanding at end of year		11,651,055			23,734,417			12,466,108			71,718,316			58,332,251

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			23

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	Calvert VP SRI Bal, Cl I			Col VP Bal, Cl 3			Col VP Commodity Strategy, Cl 2			Col VP Contrarian Core, Cl 2			Col VP Disciplined Core, Cl 3
Operations
Investment income (loss) — net	$	180,769		$	(4,886,711	)	$	(50,510	)	$	(1,001,047	)	$	(3,593,404	)
Net realized gain (loss) on sales of investments		352,857			20,201,914			(96,956	)		4,787,139			27,328,655
Distributions from capital gains		1,819,378			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(2,994,880	)		(47,024,035	)		(642,398	)		(13,049,083	)		(37,572,177	)
Net increase (decrease) in net assets resulting from operations		(641,876	)		(31,708,832	)		(789,864	)		(9,262,991	)		(13,836,926	)

Contract transactions
Contract purchase payments		184,017			30,747,478			580,752			6,073,337			2,722,590
Net transfers⁽¹⁾		272,908			(8,630,637	)		596,853			(7,109,064	)		(3,467,655	)
Transfers for policy loans		36,006			27,689			(373	)		15,988			164,117
Adjustments to net assets allocated to contracts in payment period		(6,705	)		(257,107	)		—			71,633			(602,706	)
Contract charges		(15,306	)		(247,218	)		(1,160	)		(48,185	)		(424,744	)
Contract terminations:
Surrender benefits		(2,014,726	)		(44,012,989	)		(241,257	)		(8,265,227	)		(36,394,819	)
Death benefits		(229,447	)		(6,325,831	)		(65,250	)		(782,606	)		(5,148,198	)
Increase (decrease) from contract transactions		(1,773,253	)		(28,698,615	)		869,565			(10,044,124	)		(43,151,415	)
Net assets at beginning of year		20,773,892			485,154,312			4,411,701			102,614,090			369,907,859
Net assets at end of year	$	18,358,763		$	424,746,865		$	4,491,402		$	83,306,975		$	312,919,518

Accumulation unit activity
Units outstanding at beginning of year		11,496,101			221,556,338			7,268,241			57,726,653			166,607,023
Contract purchase payments		99,587			14,973,657			980,116			3,451,224			1,198,025
Net transfers⁽¹⁾		147,787			(4,066,741	)		982,933			(4,003,888	)		(1,571,105	)
Transfers for policy loans		19,846			4,451			(627	)		9,302			57,156
Contract charges		(8,429	)		(113,576	)		(1,995	)		(27,263	)		(196,085	)
Contract terminations:
Surrender benefits		(1,102,198	)		(20,436,567	)		(406,389	)		(4,614,973	)		(16,366,773	)
Death benefits		(127,977	)		(2,888,543	)		(112,727	)		(446,869	)		(2,369,660	)
Units outstanding at end of year		10,524,717			209,029,019			8,709,552			52,094,186			147,358,581

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



24		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	Col VP Div Abs Return, Cl 2			Col VP Divd Opp, Cl 3			Col VP Emerg Mkts Bond, Cl 2			Col VP Emer Mkts, Cl 3			Col VP Global Strategic Inc, Cl 3
Operations
Investment income (loss) — net	$	(33,794	)	$	(4,668,647	)	$	500,871		$	(741,973	)	$	2,872,372
Net realized gain (loss) on sales of investments		(32,796	)		49,418,438			(218,470	)		6,820,236			(4,763,771	)
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(259,495	)		(75,608,757	)		(1,630,051	)		(40,515,516	)		(3,505,060	)
Net increase (decrease) in net assets resulting from operations		(326,085	)		(30,858,966	)		(1,347,650	)		(34,437,253	)		(5,396,459	)

Contract transactions
Contract purchase payments		287,672			4,818,130			1,002,605			1,823,092			597,770
Net transfers⁽¹⁾		(211,408	)		(24,546,173	)		124,720			1,200,235			(3,356,798	)
Transfers for policy loans		(1,094	)		220,395			(2,147	)		85,493			13,040
Adjustments to net assets allocated to contracts in payment period		—			(332,962	)		(8,520	)		(71,489	)		(37,527	)
Contract charges		(1,132	)		(390,875	)		(5,830	)		(139,460	)		(122,579	)
Contract terminations:
Surrender benefits		(244,269	)		(62,973,255	)		(1,198,472	)		(17,777,261	)		(10,834,515	)
Death benefits		(24,988	)		(7,701,013	)		(316,810	)		(1,264,906	)		(1,502,247	)
Increase (decrease) from contract transactions		(195,219	)		(90,905,753	)		(404,454	)		(16,144,296	)		(15,242,856	)
Net assets at beginning of year		3,510,772			552,054,530			14,749,666			164,138,914			93,742,694
Net assets at end of year	$	2,989,468		$	430,289,811		$	12,997,562		$	113,557,365		$	73,103,379

Accumulation unit activity
Units outstanding at beginning of year		3,975,414			206,320,105			13,654,610			60,139,023			59,884,106
Contract purchase payments		334,270			1,888,135			969,495			749,547			410,842
Net transfers⁽¹⁾		(246,917	)		(9,075,266	)		(11,520	)		174,671			(2,308,002	)
Transfers for policy loans		(1,265	)		76,019			(2,021	)		37,919			8,150
Contract charges		(1,325	)		(151,410	)		(5,689	)		(52,929	)		(82,597	)
Contract terminations:
Surrender benefits		(281,937	)		(23,940,199	)		(1,163,737	)		(7,041,875	)		(7,174,337	)
Death benefits		(28,861	)		(2,911,408	)		(313,494	)		(523,067	)		(987,201	)
Units outstanding at end of year		3,749,379			172,205,976			13,127,644			53,483,289			49,750,961

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			25

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	Col VP Govt Money Mkt, Cl 3			Col VP Hi Yield Bond, Cl 3			Col VP Inc Opp, Cl 3			Col VP Inter Bond, Cl 3			Col VP Lg Cap Gro, Cl 3
Operations
Investment income (loss) — net	$	500,342		$	10,142,751		$	5,433,624		$	4,272,426		$	(1,146,853	)
Net realized gain (loss) on sales of investments		2,453			(468,610	)		(7,423,610	)		(2,596,821	)		12,237,575
Distributions from capital gains		—			—			—			2,398,868			—
Net change in unrealized appreciation or depreciation of investments		(2,454	)		(20,120,134	)		(4,314,277	)		(7,107,449	)		(15,881,048	)
Net increase (decrease) in net assets resulting from operations		500,341			(10,445,993	)		(6,304,263	)		(3,032,976	)		(4,790,326	)

Contract transactions
Contract purchase payments		5,177,372			1,291,628			842,333			2,414,896			1,198,279
Net transfers⁽¹⁾		18,166,711			(21,189,629	)		(17,703,851	)		(14,099,702	)		(1,550,177	)
Transfers for policy loans		175,863			33,221			12,077			75,812			50,002
Adjustments to net assets allocated to contracts in payment period		68,727			(168,727	)		(15,588	)		(188,074	)		(59,262	)
Contract charges		(110,044	)		(142,128	)		(184,737	)		(422,247	)		(108,991	)
Contract terminations:
Surrender benefits		(25,206,031	)		(29,834,482	)		(18,480,744	)		(44,396,229	)		(15,591,551	)
Death benefits		(1,997,468	)		(3,721,877	)		(2,705,986	)		(6,821,889	)		(1,925,408	)
Increase (decrease) from contract transactions		(3,724,870	)		(53,731,994	)		(38,236,496	)		(63,437,433	)		(17,987,108	)
Net assets at beginning of year		120,109,311			253,612,157			160,427,858			364,529,482			135,480,085
Net assets at end of year	$	116,884,782		$	189,434,170		$	115,887,099		$	298,059,073		$	112,702,651

Accumulation unit activity
Units outstanding at beginning of year		109,560,330			100,651,080			76,234,898			203,733,509			84,181,692
Contract purchase payments		4,800,726			535,301			411,326			1,416,758			667,243
Net transfers⁽¹⁾		16,604,006			(8,798,518	)		(8,594,764	)		(8,068,659	)		(1,357,355	)
Transfers for policy loans		157,072			12,670			5,937			42,953			29,385
Contract charges		(100,170	)		(57,536	)		(88,826	)		(244,443	)		(63,476	)
Contract terminations:
Surrender benefits		(23,192,206	)		(12,102,736	)		(8,907,990	)		(25,525,712	)		(8,942,018	)
Death benefits		(1,850,716	)		(1,511,240	)		(1,332,168	)		(3,884,333	)		(1,180,085	)
Units outstanding at end of year		105,979,042			78,729,021			57,728,413			167,470,073			73,335,386

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



26		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	Col VP Lg Cap Index, Cl 3			Col VP Limited Duration Cr, Cl 2			Col VP Long Govt/Cr Bond, Cl 2			Col VP Mid Cap Gro, Cl 3			Col VP Mid Cap Val, Cl 3
Operations
Investment income (loss) — net	$	(3,274,398	)	$	203,880		$	302,646		$	(791,236	)	$	(529,294	)
Net realized gain (loss) on sales of investments		13,978,456			(270,292	)		(286,873	)		6,713,703			5,963,337
Distributions from capital gains		—			—			423,044			—			—
Net change in unrealized appreciation or depreciation of investments		(30,040,945	)		(268,708	)		(1,432,592	)		(9,696,488	)		(13,326,242	)
Net increase (decrease) in net assets resulting from operations		(19,336,887	)		(335,120	)		(993,775	)		(3,774,021	)		(7,892,199	)

Contract transactions
Contract purchase payments		28,794,710			2,638,659			1,369,865			660,827			524,211
Net transfers⁽¹⁾		15,226,144			7,393,796			(2,305,399	)		(389,730	)		(2,974,560	)
Transfers for policy loans		4,917			(7,378	)		(5,251	)		31,816			14,512
Adjustments to net assets allocated to contracts in payment period		18,869			—			25,715			(193,857	)		(103,468	)
Contract charges		(158,158	)		(13,015	)		(4,548	)		(58,916	)		(41,573	)
Contract terminations:
Surrender benefits		(24,838,812	)		(3,574,012	)		(1,537,717	)		(8,494,848	)		(8,296,986	)
Death benefits		(3,630,663	)		(571,704	)		(142,793	)		(1,023,047	)		(950,212	)
Increase (decrease) from contract transactions		15,417,007			5,866,346			(2,600,128	)		(9,467,755	)		(11,828,076	)
Net assets at beginning of year		313,621,969			32,255,905			15,179,713			80,800,564			66,373,487
Net assets at end of year	$	309,702,089		$	37,787,131		$	11,585,810		$	67,558,788		$	46,653,212

Accumulation unit activity
Units outstanding at beginning of year		142,085,890			30,588,058			13,755,652			35,761,919			27,611,228
Contract purchase payments		12,798,525			2,476,804			1,308,007			283,088			225,860
Net transfers⁽¹⁾		6,912,210			7,024,745			(2,255,522	)		(178,330	)		(1,283,302	)
Transfers for policy loans		1,938			(7,696	)		(5,223	)		14,339			5,878
Contract charges		(69,616	)		(12,657	)		(4,476	)		(24,730	)		(17,773	)
Contract terminations:
Surrender benefits		(10,995,239	)		(3,452,696	)		(1,491,064	)		(3,585,468	)		(3,515,863	)
Death benefits		(1,599,645	)		(540,508	)		(138,690	)		(427,473	)		(397,767	)
Units outstanding at end of year		149,134,063			36,076,050			11,168,684			31,843,345			22,628,261

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			27

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	Col VP Overseas Core, 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	$	1,426,770		$	(347,760	)	$	(373,046	)	$	1,330,183		$	286,812
Net realized gain (loss) on sales of investments		3,032,518			3,531,260			3,582,533			(352,644	)		(3,649,728	)
Distributions from capital gains		—			—			—			63,097			—
Net change in unrealized appreciation or depreciation of investments		(19,143,351	)		(8,189,570	)		(8,438,000	)		(681,440	)		1,327,500
Net increase (decrease) in net assets resulting from operations		(14,684,063	)		(5,006,070	)		(5,228,513	)		359,196			(2,035,416	)

Contract transactions
Contract purchase payments		1,021,450			325,281			389,323			890,265			410,387
Net transfers⁽¹⁾		(2,933,520	)		3,436,083			(999,242	)		(3,995,417	)		(860,283	)
Transfers for policy loans		53,962			12,204			19,645			29,181			7,180
Adjustments to net assets allocated to contracts in payment period		(96,118	)		(10,073	)		(14,059	)		(36,969	)		(4,884	)
Contract charges		(56,822	)		(23,349	)		(31,716	)		(57,714	)		(11,408	)
Contract terminations:
Surrender benefits		(10,365,730	)		(5,504,686	)		(4,823,983	)		(11,152,756	)		(2,297,751	)
Death benefits		(1,009,546	)		(549,472	)		(766,529	)		(1,515,162	)		(293,209	)
Increase (decrease) from contract transactions		(13,386,324	)		(2,314,012	)		(6,226,561	)		(15,838,572	)		(3,049,968	)
Net assets at beginning of year		94,655,203			39,807,436			45,595,178			81,742,281			18,740,981
Net assets at end of year	$	66,584,816		$	32,487,354		$	34,140,104		$	66,262,905		$	13,655,597

Accumulation unit activity
Units outstanding at beginning of year		59,162,029			15,241,793			14,553,796			59,587,578			35,795,171
Contract purchase payments		662,990			128,354			131,986			683,518			791,522
Net transfers⁽¹⁾		(1,996,197	)		1,360,987			(322,275	)		(2,997,092	)		(1,758,246	)
Transfers for policy loans		33,291			4,596			6,127			22,031			13,703
Contract charges		(37,652	)		(9,094	)		(9,952	)		(42,100	)		(22,232	)
Contract terminations:
Surrender benefits		(6,894,939	)		(2,119,473	)		(1,563,785	)		(8,255,251	)		(4,470,816	)
Death benefits		(661,306	)		(218,755	)		(233,343	)		(1,133,476	)		(571,417	)
Units outstanding at end of year		50,268,216			14,388,408			12,562,554			47,865,208			29,777,685

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



28		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	CTIVP AQR Man Fut Strategy, Cl 2			CTIVP BR Gl Infl Prot Sec, Cl 3			CTIVP Lazard Intl Eq Adv, Cl 2			CTIVP Loomis Sayles Gro, Cl 1			CTIVP MFS Blend Res Core Eq, Cl 3
Operations
Investment income (loss) — net	$	(164,271	)	$	(763,746	)	$	167,892		$	(1,247,107	)	$	(265,373	)
Net realized gain (loss) on sales of investments		(1,283,330	)		(5,599,933	)		117,025			8,615,607			4,002,473
Distributions from capital gains		—			494,575			57,326			—			—
Net change in unrealized appreciation or depreciation of investments		(61,853	)		4,620,813			(3,575,536	)		(10,375,809	)		(5,813,242	)
Net increase (decrease) in net assets resulting from operations		(1,509,454	)		(1,248,291	)		(3,233,293	)		(3,007,309	)		(2,076,142	)

Contract transactions
Contract purchase payments		458,821			407,745			2,936,116			1,229,922			178,305
Net transfers⁽¹⁾		(2,179,563	)		2,314,670			1,707,016			(3,519,487	)		(3,257,054	)
Transfers for policy loans		1,849			16,019			(6	)		34,713			6,333
Adjustments to net assets allocated to contracts in payment period		(5,852	)		(30,256	)		78,594			(23,737	)		(4,024	)
Contract charges		(8,238	)		(214,090	)		(5,361	)		(127,011	)		(62,532	)
Contract terminations:
Surrender benefits		(1,788,818	)		(11,734,173	)		(780,107	)		(18,697,934	)		(3,518,094	)
Death benefits		(152,406	)		(1,758,691	)		(91,013	)		(1,264,037	)		(309,604	)
Increase (decrease) from contract transactions		(3,674,207	)		(10,998,776	)		3,845,239			(22,367,571	)		(6,966,670	)
Net assets at beginning of year		19,312,378			90,400,372			15,772,346			142,510,352			32,188,663
Net assets at end of year	$	14,128,717		$	78,153,305		$	16,384,292		$	117,135,472		$	23,145,851

Accumulation unit activity
Units outstanding at beginning of year		19,589,698			60,599,398			12,628,506			101,978,451			17,028,591
Contract purchase payments		492,098			278,093			2,431,047			849,319			92,607
Net transfers⁽¹⁾		(2,329,000	)		1,545,327			1,464,734			(2,391,572	)		(1,650,438	)
Transfers for policy loans		1,967			10,879			(9	)		25,241			3,249
Contract charges		(8,820	)		(144,502	)		(4,538	)		(87,689	)		(32,444	)
Contract terminations:
Surrender benefits		(1,899,835	)		(7,943,050	)		(662,273	)		(12,844,357	)		(1,823,234	)
Death benefits		(164,604	)		(1,204,754	)		(79,196	)		(878,892	)		(164,654	)
Units outstanding at end of year		15,681,504			53,141,391			15,778,271			86,650,501			13,453,677

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			29

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	CTIVP Vty Sycamore Estb Val, Cl 3			CTIVP WF Short Duration Govt, Cl 2			DWS Alt Asset Alloc VIP, Cl B			EV VT Floating-Rate Inc, Init Cl			Fid VIP Contrafund, Serv Cl 2
Operations
Investment income (loss) — net	$	(331,147	)	$	(10,554	)	$	156,465		$	4,152,933		$	(2,440,647	)
Net realized gain (loss) on sales of investments		1,908,760			(88,105	)		(333,368	)		(6,230	)		12,880,942
Distributions from capital gains		—			—			—			—			40,174,981
Net change in unrealized appreciation or depreciation of investments		(5,693,576	)		80,294			(1,568,435	)		(5,633,533	)		(81,182,817	)
Net increase (decrease) in net assets resulting from operations		(4,115,963	)		(18,365	)		(1,745,338	)		(1,486,830	)		(30,567,541	)

Contract transactions
Contract purchase payments		529,350			3,045,133			426,123			1,378,700			23,893,536
Net transfers⁽¹⁾		5,125,627			3,611,726			(2,075,600	)		15,152,811			(12,676,672	)
Transfers for policy loans		(5,183	)		(1	)		(7,683	)		20,159			81,624
Adjustments to net assets allocated to contracts in payment period		131,985			—			(1,702	)		(88,079	)		(63,047	)
Contract charges		(22,972	)		(5,611	)		(7,127	)		(112,551	)		(233,494	)
Contract terminations:
Surrender benefits		(4,312,935	)		(2,143,797	)		(1,876,688	)		(18,554,984	)		(47,377,106	)
Death benefits		(282,542	)		(972,090	)		(236,475	)		(2,337,609	)		(5,295,512	)
Increase (decrease) from contract transactions		1,163,330			3,535,360			(3,779,152	)		(4,541,553	)		(41,670,671	)
Net assets at beginning of year		35,853,383			19,335,715			18,872,333			148,477,445			461,168,732
Net assets at end of year	$	32,900,750		$	22,852,710		$	13,347,843		$	142,449,062		$	388,930,520

Accumulation unit activity
Units outstanding at beginning of year		12,501,643			19,667,547			18,141,036			106,635,243			208,758,810
Contract purchase payments		186,235			3,137,187			430,151			984,062			10,565,637
Net transfers⁽¹⁾		1,785,981			3,698,497			(2,119,787	)		10,652,738			(5,659,368	)
Transfers for policy loans		(1,539	)		(1	)		(8,022	)		14,525			35,973
Contract charges		(7,983	)		(5,817	)		(7,267	)		(79,735	)		(102,910	)
Contract terminations:
Surrender benefits		(1,510,790	)		(2,201,827	)		(1,888,287	)		(13,125,320	)		(20,694,008	)
Death benefits		(98,009	)		(1,009,022	)		(245,365	)		(1,673,276	)		(2,348,704	)
Units outstanding at end of year		12,855,538			23,286,564			14,302,459			103,408,237			190,555,430

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



30		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	Fid VIP Gro & Inc, Serv Cl 2			Fid VIP Mid Cap, Serv Cl 2			Fid VIP Overseas, Serv Cl 2			Fid VIP Strategic Inc, Serv Cl 2			Frank Global Real Est, Cl 2
Operations
Investment income (loss) — net	$	(671,466	)	$	(2,192,187	)	$	201,750		$	3,346,619		$	1,540,157
Net realized gain (loss) on sales of investments		6,046,864			10,158,075			1,940,327			(168,142	)		(2,484,074	)
Distributions from capital gains		6,172,997			37,722,407			—			233,806			—
Net change in unrealized appreciation or depreciation of investments		(20,744,500	)		(106,693,381	)		(11,008,457	)		(8,293,378	)		(5,769,272	)
Net increase (decrease) in net assets resulting from operations		(9,196,105	)		(61,005,086	)		(8,866,380	)		(4,881,095	)		(6,713,189	)

Contract transactions
Contract purchase payments		917,323			11,467,052			827,717			10,402,992			1,033,855
Net transfers⁽¹⁾		(3,712,467	)		(7,907,039	)		(680,127	)		16,390,867			(5,618,609	)
Transfers for policy loans		(32,696	)		48,566			40,177			(55,049	)		44,675
Adjustments to net assets allocated to contracts in payment period		(71,990	)		(146,478	)		(11,547	)		(68,784	)		(34,786	)
Contract charges		(79,591	)		(324,692	)		(40,376	)		(46,772	)		(67,658	)
Contract terminations:
Surrender benefits		(12,451,737	)		(47,351,098	)		(6,725,330	)		(12,354,030	)		(11,378,350	)
Death benefits		(1,539,133	)		(4,334,174	)		(683,450	)		(1,503,872	)		(1,264,755	)
Increase (decrease) from contract transactions		(16,970,291	)		(48,547,863	)		(7,272,936	)		12,765,352			(17,285,628	)
Net assets at beginning of year		110,621,356			444,591,184			61,970,704			117,160,478			100,096,194
Net assets at end of year	$	84,454,960		$	335,038,235		$	45,831,388		$	125,044,735		$	76,097,377

Accumulation unit activity
Units outstanding at beginning of year		43,626,413			122,201,843			32,284,962			104,864,630			44,547,273
Contract purchase payments		359,416			3,452,789			446,548			9,505,627			503,580
Net transfers⁽¹⁾		(1,472,050	)		(1,784,112	)		(426,670	)		14,808,279			(2,806,251	)
Transfers for policy loans		(12,407	)		9,964			22,174			(50,281	)		19,482
Contract charges		(31,284	)		(84,580	)		(21,289	)		(42,734	)		(29,301	)
Contract terminations:
Surrender benefits		(4,882,892	)		(12,734,532	)		(3,656,932	)		(11,217,589	)		(5,352,282	)
Death benefits		(620,848	)		(1,264,291	)		(365,102	)		(1,375,518	)		(626,652	)
Units outstanding at end of year		36,966,348			109,797,081			28,283,691			116,492,414			36,255,849

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			31

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	Frank Inc, Cl 2			Frank Mutual Shares, Cl 2			Frank Sm Cap Val, Cl 2			GS VIT Mid Cap Val, Inst			GS VIT Multi-Strategy Alt, Advisor
Operations
Investment income (loss) — net	$	2,060,781		$	1,377,307		$	(59,677	)	$	548,383		$	72,925
Net realized gain (loss) on sales of investments		36,619			2,013,662			1,682,257			2,649,901			(56,836	)
Distributions from capital gains		—			3,629,535			19,605,804			15,547,511			—
Net change in unrealized appreciation or depreciation of investments		(5,084,575	)		(16,269,794	)		(38,386,912	)		(33,041,542	)		(470,223	)
Net increase (decrease) in net assets resulting from operations		(2,987,175	)		(9,249,290	)		(17,158,528	)		(14,295,747	)		(454,134	)

Contract transactions
Contract purchase payments		3,503,631			2,284,454			4,658,504			1,006,390			644,266
Net transfers⁽¹⁾		(1,370,574	)		(7,942,085	)		(2,242,212	)		(5,453,222	)		491,065
Transfers for policy loans		6,308			(7,519	)		33,006			19,387			—
Adjustments to net assets allocated to contracts in payment period		29,174			11,745			(20,269	)		(88,381	)		(290	)
Contract charges		(22,667	)		(58,692	)		(69,644	)		(135,798	)		(2,409	)
Contract terminations:
Surrender benefits		(4,065,860	)		(10,480,065	)		(14,463,635	)		(16,539,207	)		(453,687	)
Death benefits		(1,013,721	)		(1,270,564	)		(1,312,847	)		(1,686,527	)		(53,919	)
Increase (decrease) from contract transactions		(2,933,709	)		(17,462,726	)		(13,417,097	)		(22,877,358	)		625,026
Net assets at beginning of year		58,671,320			110,668,816			138,461,234			149,798,110			5,223,431
Net assets at end of year	$	52,750,436		$	83,956,800		$	107,885,609		$	112,625,005		$	5,394,323

Accumulation unit activity
Units outstanding at beginning of year		46,996,119			53,333,492			38,047,423			30,996,102			5,549,198
Contract purchase payments		2,818,586			1,143,612			1,490,687			215,628			710,584
Net transfers⁽¹⁾		(1,111,732	)		(3,892,755	)		(703,652	)		(1,166,227	)		533,734
Transfers for policy loans		4,956			(883	)		7,929			3,684			—
Contract charges		(18,326	)		(27,689	)		(18,537	)		(28,288	)		(2,672	)
Contract terminations:
Surrender benefits		(3,251,764	)		(5,063,863	)		(3,956,892	)		(3,429,773	)		(497,933	)
Death benefits		(818,077	)		(599,875	)		(400,926	)		(353,799	)		(59,983	)
Units outstanding at end of year		44,619,762			44,892,039			34,466,032			26,237,327			6,232,928

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



32		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	GS VIT U.S. Eq Insights, Inst			Invesco VI Am Fran, Ser II			Invesco VI Bal Risk Alloc, Ser II			Invesco VI Comstock, Ser II			Invesco VI Div Divd, Ser I
Operations
Investment income (loss) — net	$	399,141		$	(440,562	)	$	86,850		$	695,598		$	394,072
Net realized gain (loss) on sales of investments		5,672,254			3,533,177			(953,126	)		7,389,327			2,069,090
Distributions from capital gains		17,230,730			3,236,004			3,798,122			12,953,555			924,137
Net change in unrealized appreciation or depreciation of investments		(30,835,130	)		(7,895,762	)		(6,280,496	)		(37,298,458	)		(5,671,650	)
Net increase (decrease) in net assets resulting from operations		(7,533,005	)		(1,567,143	)		(3,348,650	)		(16,259,978	)		(2,284,351	)

Contract transactions
Contract purchase payments		723,459			282,386			1,356,205			954,517			215,715
Net transfers⁽¹⁾		2,663,357			(340,650	)		(3,229,164	)		(3,112,428	)		(5,231,070	)
Transfers for policy loans		41,117			14,061			(3,636	)		1,022			(2,734	)
Adjustments to net assets allocated to contracts in payment period		98,315			(1,257	)		53,564			(4,293	)		(1,951	)
Contract charges		(182,718	)		(151,452	)		(16,615	)		(263,690	)		(19,124	)
Contract terminations:
Surrender benefits		(14,319,181	)		(6,108,362	)		(3,406,272	)		(16,027,328	)		(3,703,089	)
Death benefits		(1,362,875	)		(587,616	)		(532,029	)		(1,547,213	)		(240,214	)
Increase (decrease) from contract transactions		(12,338,526	)		(6,892,890	)		(5,777,947	)		(19,999,413	)		(8,982,467	)
Net assets at beginning of year		125,063,682			51,140,866			46,894,713			144,815,431			34,394,307
Net assets at end of year	$	105,192,151		$	42,680,833		$	37,768,116		$	108,556,040		$	23,127,489

Accumulation unit activity
Units outstanding at beginning of year		52,854,080			26,875,463			39,964,187			58,648,885			17,667,617
Contract purchase payments		293,633			139,105			1,194,402			395,837			113,004
Net transfers⁽¹⁾		1,091,905			(155,295	)		(2,875,833	)		(1,269,746	)		(2,743,141	)
Transfers for policy loans		15,881			6,865			(3,026	)		1,231			(1,497	)
Contract charges		(73,669	)		(72,699	)		(14,771	)		(103,449	)		(10,001	)
Contract terminations:
Surrender benefits		(5,838,988	)		(2,960,213	)		(2,998,119	)		(6,449,786	)		(1,934,149	)
Death benefits		(563,727	)		(289,904	)		(474,549	)		(638,680	)		(126,454	)
Units outstanding at end of year		47,779,115			23,543,322			34,792,291			50,584,292			12,965,379

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			33

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	Invesco VI Hlth, Ser II			Invesco VI Intl Gro, Ser II			Invesco VI Mid Cap Gro, Ser I			Invesco VI Tech, Ser I			Ivy VIP Asset Strategy
Operations
Investment income (loss) — net	$	(389,812	)	$	547,045		$	(171,904	)	$	(208,768	)	$	127,325
Net realized gain (loss) on sales of investments		(91,613	)		3,610,225			657,820			1,329,386			(481,905	)
Distributions from capital gains		5,626,269			454,125			2,149,197			1,103,762			645,811
Net change in unrealized appreciation or depreciation of investments		(5,208,820	)		(15,554,016	)		(3,629,978	)		(2,461,949	)		(1,287,276	)
Net increase (decrease) in net assets resulting from operations		(63,976	)		(10,942,621	)		(994,865	)		(237,569	)		(996,045	)

Contract transactions
Contract purchase payments		617,637			744,330			191,844			263,098			636,696
Net transfers⁽¹⁾		544,545			(4,833,113	)		(565,395	)		1,591,869			722,021
Transfers for policy loans		3,046			23,874			(9,432	)		7,135			84
Adjustments to net assets allocated to contracts in payment period		1,530			(18,074	)		(9,721	)		13,057			22,022
Contract charges		(28,709	)		(58,663	)		(10,804	)		(32,809	)		(7,051	)
Contract terminations:
Surrender benefits		(5,716,159	)		(9,200,195	)		(2,250,797	)		(2,685,148	)		(1,198,416	)
Death benefits		(574,622	)		(674,804	)		(144,991	)		(281,163	)		(705,444	)
Increase (decrease) from contract transactions		(5,152,732	)		(14,016,645	)		(2,799,296	)		(1,123,961	)		(530,088	)
Net assets at beginning of year		44,570,241			78,374,455			20,625,675			22,625,322			16,129,959
Net assets at end of year	$	39,353,533		$	53,415,189		$	16,831,514		$	21,263,792		$	14,603,826

Accumulation unit activity
Units outstanding at beginning of year		20,031,914			41,419,793			11,854,605			12,713,705			13,784,737
Contract purchase payments		269,225			421,372			106,268			130,293			548,853
Net transfers⁽¹⁾		167,153			(2,739,368	)		(321,221	)		763,190			609,130
Transfers for policy loans		871			12,977			(4,594	)		3,898			(140	)
Contract charges		(12,474	)		(33,114	)		(5,910	)		(16,529	)		(6,026	)
Contract terminations:
Surrender benefits		(2,468,017	)		(5,131,074	)		(1,219,033	)		(1,369,201	)		(1,016,653	)
Death benefits		(253,922	)		(364,325	)		(78,506	)		(140,264	)		(609,661	)
Units outstanding at end of year		17,734,750			33,586,261			10,331,609			12,085,092			13,310,240

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



34		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	Janus Henderson VIT Bal, Serv⁽²⁾			Janus Henderson VIT Flex Bd, Serv			Janus Henderson VIT Gbl Tech, Serv			Janus Henderson VIT Overseas, Serv			Janus Henderson VIT Res, Serv
Operations
Investment income (loss) — net	$	56,738		$	727,338		$	(216,705	)	$	194,357		$	(287,154	)
Net realized gain (loss) on sales of investments		(2,362	)		(574,758	)		1,736,715			(476,666	)		2,630,474
Distributions from capital gains		6,501			—			1,126,999			—			2,302,273
Net change in unrealized appreciation or depreciation of investments		(1,282,772	)		(1,312,324	)		(2,414,613	)		(3,423,902	)		(6,078,380	)
Net increase (decrease) in net assets resulting from operations		(1,221,895	)		(1,159,744	)		232,396			(3,706,211	)		(1,432,787	)

Contract transactions
Contract purchase payments		4,945,480			3,207,835			215,026			222,404			1,916,191
Net transfers⁽¹⁾		28,939,064			(5,792,966	)		742,064			(720,513	)		(360,047	)
Transfers for policy loans		(1,382	)		3,631			381			32,499			8,039
Adjustments to net assets allocated to contracts in payment period		36,980			(14,073	)		19,771			(4,720	)		(2,971	)
Contract charges		(3,390	)		(13,991	)		(11,383	)		(13,413	)		(64,214	)
Contract terminations:
Surrender benefits		(638,782	)		(4,190,582	)		(2,561,955	)		(2,265,015	)		(5,632,991	)
Death benefits		(216,646	)		(468,293	)		(425,285	)		(180,330	)		(331,242	)
Increase (decrease) from contract transactions		33,061,324			(7,268,439	)		(2,021,381	)		(2,929,088	)		(4,467,235	)
Net assets at beginning of year		—			50,334,834			24,230,029			26,122,554			47,966,691
Net assets at end of year	$	31,839,429		$	41,906,651		$	22,441,044		$	19,487,255		$	42,066,669

Accumulation unit activity
Units outstanding at beginning of year		—			48,174,456			16,361,582			17,974,049			24,073,697
Contract purchase payments		4,818,589			3,152,018			133,476			155,867			937,741
Net transfers⁽¹⁾		28,144,705			(5,684,858	)		428,397			(507,953	)		(170,205	)
Transfers for policy loans		(1,369	)		3,487			(1,092	)		22,729			4,120
Contract charges		(3,305	)		(13,768	)		(6,742	)		(9,318	)		(30,649	)
Contract terminations:
Surrender benefits		(615,818	)		(4,093,522	)		(1,571,219	)		(1,591,276	)		(2,675,071	)
Death benefits		(219,976	)		(460,459	)		(274,360	)		(128,702	)		(163,440	)
Units outstanding at end of year		32,122,826			41,077,354			15,070,042			15,915,396			21,976,193

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

⁽²⁾	For the period April 27, 2018 (commencement of operations) to December 31, 2018.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			35

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	Lazard Ret Global Dyn MA, Serv			MFS Mass Inv Gro Stock, Serv Cl			MFS New Dis, Serv Cl			MFS Utilities, Serv Cl			MS VIF Global Real Est, Cl II
Operations
Investment income (loss) — net	$	63,498		$	(344,815	)	$	(295,764	)	$	(192,642	)	$	729,172
Net realized gain (loss) on sales of investments		213,973			1,200,918			1,238,721			2,985,574			1,400,365
Distributions from capital gains		1,245,439			3,552,510			4,901,675			625,614			—
Net change in unrealized appreciation or depreciation of investments		(3,180,057	)		(4,102,684	)		(6,261,023	)		(3,482,056	)		(5,142,330	)
Net increase (decrease) in net assets resulting from operations		(1,657,147	)		305,929			(416,391	)		(63,510	)		(3,012,793	)

Contract transactions
Contract purchase payments		4,746,471			453,950			226,579			3,603,671			379,520
Net transfers⁽¹⁾		1,333,038			(2,105,691	)		(285,680	)		(11,710,961	)		(4,165,709	)
Transfers for policy loans		(4,207	)		286			6,282			13,784			8,221
Adjustments to net assets allocated to contracts in payment period		—			(24,394	)		38,587			(43,616	)		(4,749	)
Contract charges		(6,798	)		(36,893	)		(23,866	)		(97,626	)		(26,861	)
Contract terminations:
Surrender benefits		(1,083,172	)		(7,451,976	)		(4,021,204	)		(18,424,243	)		(4,024,813	)
Death benefits		(987,798	)		(545,308	)		(413,481	)		(2,405,980	)		(423,005	)
Increase (decrease) from contract transactions		3,997,534			(9,710,026	)		(4,472,783	)		(29,064,971	)		(8,257,396	)
Net assets at beginning of year		16,904,901			63,174,130			34,090,379			180,143,451			39,104,223
Net assets at end of year	$	19,245,288		$	53,770,033		$	29,201,205		$	151,014,970		$	27,834,034

Accumulation unit activity
Units outstanding at beginning of year		12,336,946			48,412,573			14,310,039			61,196,365			25,819,863
Contract purchase payments		3,488,563			331,606			87,710			1,246,286			256,036
Net transfers⁽¹⁾		929,567			(1,549,629	)		(120,638	)		(4,111,329	)		(2,852,185	)
Transfers for policy loans		(2,953	)		331			2,796			3,695			5,749
Contract charges		(5,024	)		(26,936	)		(9,173	)		(32,211	)		(18,235	)
Contract terminations:
Surrender benefits		(794,701	)		(5,427,308	)		(1,549,580	)		(6,133,261	)		(2,718,927	)
Death benefits		(730,115	)		(401,656	)		(161,528	)		(852,630	)		(292,194	)
Units outstanding at end of year		15,222,283			41,338,981			12,559,626			51,316,915			20,200,107

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



36		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	MS VIF Mid Cap Gro, Cl II			NB AMT Intl Eq, Cl S			NB AMT US Eq Index PW Strat, Cl S			Oppen Global VA, Serv			Oppen Global Strategic Inc VA, Srv
Operations
Investment income (loss) — net	$	(374,589	)	$	(106,086	)	$	(37,478	)	$	(278,625	)	$	10,014,511
Net realized gain (loss) on sales of investments		459,862			576,060			(1,241	)		3,814,559			(3,441,569	)
Distributions from capital gains		7,921,024			—			111,780			9,364,472			—
Net change in unrealized appreciation or depreciation of investments		(6,097,769	)		(2,855,772	)		(374,873	)		(32,217,028	)		(21,648,334	)
Net increase (decrease) in net assets resulting from operations		1,908,528			(2,385,798	)		(301,812	)		(19,316,622	)		(15,075,392	)

Contract transactions
Contract purchase payments		3,334,313			139,353			485,339			7,564,474			3,587,534
Net transfers⁽¹⁾		7,834,874			(493,473	)		310,994			9,145,388			(18,402,274	)
Transfers for policy loans		5,338			3,568			170			(8,486	)		53,754
Adjustments to net assets allocated to contracts in payment period		(25,714	)		(140	)		—			89,497			(165,494	)
Contract charges		(18,836	)		(16,802	)		(1,198	)		(63,745	)		(288,312	)
Contract terminations:
Surrender benefits		(3,366,034	)		(1,486,435	)		(162,059	)		(12,160,197	)		(36,941,514	)
Death benefits		(437,630	)		(134,144	)		(26,038	)		(1,405,642	)		(4,417,422	)
Increase (decrease) from contract transactions		7,326,311			(1,988,073	)		607,208			3,161,289			(56,573,728	)
Net assets at beginning of year		30,402,542			15,150,429			3,281,029			130,694,675			306,521,152
Net assets at end of year	$	39,637,381		$	10,776,558		$	3,586,425		$	114,539,342		$	234,872,032

Accumulation unit activity
Units outstanding at beginning of year		14,475,068			11,254,123			3,417,100			51,073,102			184,653,343
Contract purchase payments		1,372,785			105,984			515,826			3,050,623			2,293,776
Net transfers⁽¹⁾		3,005,142			(386,632	)		311,713			3,705,166			(11,478,679	)
Transfers for policy loans		2,304			2,679			180			(4,337	)		33,396
Contract charges		(7,693	)		(12,689	)		(1,278	)		(24,610	)		(177,671	)
Contract terminations:
Surrender benefits		(1,369,882	)		(1,143,725	)		(171,567	)		(4,754,330	)		(22,782,958	)
Death benefits		(193,355	)		(107,788	)		(26,971	)		(540,842	)		(2,771,087	)
Units outstanding at end of year		17,284,369			9,711,952			4,045,003			52,504,772			149,770,120

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			37

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	Oppen Main St Sm Cap VA, Serv			PIMCO VIT All Asset, Advisor Cl			PIMCO VIT Glb MA Man Alloc, Adv Cl			PIMCO VIT Tot Return, Advisor Cl			Put VT Global Hlth Care, Cl IB
Operations
Investment income (loss) — net	$	(936,189	)	$	1,650,548		$	24,327		$	430,460		$	33,635
Net realized gain (loss) on sales of investments		2,224,393			(592,578	)		37,663			(226,721	)		(151,087	)
Distributions from capital gains		12,813,424			—			362,889			370,974			4,151,185
Net change in unrealized appreciation or depreciation of investments		(24,848,087	)		(6,266,031	)		(735,509	)		(1,089,106	)		(4,266,672	)
Net increase (decrease) in net assets resulting from operations		(10,746,459	)		(5,208,061	)		(310,630	)		(514,393	)		(232,939	)

Contract transactions
Contract purchase payments		4,827,014			1,390,668			434,794			4,127,705			223,152
Net transfers⁽¹⁾		(429,765	)		(6,460,292	)		(75,593	)		(457,187	)		(518,932	)
Transfers for policy loans		9,190			2,838			1			23,708			3,507
Adjustments to net assets allocated to contracts in payment period		29,852			(72,714	)		—			—			(8,419	)
Contract charges		(51,729	)		(81,343	)		(1,481	)		(9,076	)		(18,288	)
Contract terminations:
Surrender benefits		(9,801,108	)		(9,401,951	)		(403,135	)		(2,164,582	)		(2,637,512	)
Death benefits		(1,000,141	)		(1,175,781	)		(4,843	)		(416,358	)		(163,241	)
Increase (decrease) from contract transactions		(6,416,687	)		(15,798,575	)		(50,257	)		1,104,210			(3,119,733	)
Net assets at beginning of year		101,756,105			91,337,206			4,913,809			29,844,871			25,817,667
Net assets at end of year	$	84,592,959		$	70,330,570		$	4,552,922		$	30,434,688		$	22,464,995

Accumulation unit activity
Units outstanding at beginning of year		37,837,302			56,359,954			4,421,470			28,808,497			9,933,787
Contract purchase payments		1,728,209			887,036			402,202			4,079,087			82,417
Net transfers⁽¹⁾		(177,270	)		(4,136,929	)		(61,686	)		(486,924	)		(208,457	)
Transfers for policy loans		3,042			1,600			—			23,502			1,281
Contract charges		(17,851	)		(51,298	)		(1,352	)		(8,990	)		(6,796	)
Contract terminations:
Surrender benefits		(3,473,941	)		(5,936,163	)		(360,758	)		(2,125,720	)		(973,882	)
Death benefits		(381,202	)		(752,255	)		(4,429	)		(414,958	)		(61,336	)
Units outstanding at end of year		35,518,289			46,371,945			4,395,447			29,874,494			8,767,014

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



38		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	Put VT Intl Eq, Cl IB			Put VT Sus Leaders, Cl IB			Temp Global Bond, Cl 2			VanEck VIP Global Gold, Cl S			VP Aggr, Cl 2
Operations
Investment income (loss) — net	$	81,131		$	(246,999	)	$	(369,614	)	$	253,958		$	(11,042,342	)
Net realized gain (loss) on sales of investments		272,827			1,623,241			(463,647	)		(531,518	)		60,303,193
Distributions from capital gains		—			3,624,454			—			—			—
Net change in unrealized appreciation or depreciation of investments		(3,154,933	)		(5,531,422	)		1,137,568			(1,788,890	)		(151,749,543	)
Net increase (decrease) in net assets resulting from operations		(2,800,975	)		(530,726	)		304,307			(2,066,450	)		(102,488,692	)

Contract transactions
Contract purchase payments		183,763			254,056			2,471,757			2,802,957			36,105,338
Net transfers⁽¹⁾		(79,430	)		462,305			608,909			506,908			(25,084,225	)
Transfers for policy loans		9,688			24,408			6,064			2,821			(1,638	)
Adjustments to net assets allocated to contracts in payment period		(12,457	)		(3,488	)		—			21,135			1,028,464
Contract charges		(9,619	)		(18,219	)		(10,621	)		(5,462	)		(8,271,463	)
Contract terminations:
Surrender benefits		(2,229,802	)		(2,646,242	)		(2,992,411	)		(1,510,368	)		(96,959,857	)
Death benefits		(95,729	)		(633,544	)		(233,084	)		(98,917	)		(8,829,247	)
Increase (decrease) from contract transactions		(2,233,586	)		(2,560,724	)		(149,386	)		1,719,074			(102,012,628	)
Net assets at beginning of year		15,980,298			29,120,276			36,205,590			12,758,413			1,188,160,978
Net assets at end of year	$	10,945,737		$	26,028,826		$	36,360,511		$	12,411,037		$	983,659,658

Accumulation unit activity
Units outstanding at beginning of year		8,596,639			11,436,020			37,622,635			14,741,993			645,381,872
Contract purchase payments		102,194			94,758			2,567,938			3,941,614			19,781,575
Net transfers⁽¹⁾		(64,153	)		146,826			571,198			571,832			(13,531,147	)
Transfers for policy loans		5,387			9,032			6,206			3,654			(2,776	)
Contract charges		(5,408	)		(6,731	)		(11,055	)		(7,057	)		(4,516,274	)
Contract terminations:
Surrender benefits		(1,237,066	)		(971,327	)		(3,084,603	)		(1,930,725	)		(52,673,174	)
Death benefits		(55,353	)		(238,866	)		(241,133	)		(133,800	)		(4,846,615	)
Units outstanding at end of year		7,342,240			10,469,712			37,431,186			17,187,511			589,593,461

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			39

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	VP Aggr, Cl 4			VP Conserv, Cl 2			VP Conserv, Cl 4			VP Man Risk, Cl 2			VP Man Risk US, Cl 2
Operations
Investment income (loss) — net	$	(6,769,158	)	$	(4,423,412	)	$	(4,902,510	)	$	(545,574	)	$	(366,639	)
Net realized gain (loss) on sales of investments		73,672,104			15,726,706			25,912,569			(4,311	)		(1,671	)
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(130,523,224	)		(27,883,085	)		(39,944,286	)		(4,916,352	)		(3,271,491	)
Net increase (decrease) in net assets resulting from operations		(63,620,278	)		(16,579,791	)		(18,934,227	)		(5,466,237	)		(3,639,801	)

Contract transactions
Contract purchase payments		7,426,960			7,550,475			1,188,892			48,914,469			43,629,264
Net transfers⁽¹⁾		(27,019,558	)		(9,085,931	)		(6,194,332	)		33,503,717			22,394,543
Transfers for policy loans		147,596			9,985			20,189			—			631
Adjustments to net assets allocated to contracts in payment period		—			418,599			—			—			—
Contract charges		(3,822,253	)		(2,794,610	)		(2,990,650	)		(334,651	)		(194,754	)
Contract terminations:
Surrender benefits		(111,567,806	)		(47,894,105	)		(77,991,496	)		(717,037	)		(622,969	)
Death benefits		(2,405,353	)		(11,545,288	)		(14,943,966	)		—			(98,509	)
Increase (decrease) from contract transactions		(137,240,414	)		(63,340,875	)		(100,911,363	)		81,366,498			65,108,206
Net assets at beginning of year		810,257,247			466,977,184			565,866,207			17,080,092			10,666,354
Net assets at end of year	$	609,396,555		$	387,056,518		$	446,020,617		$	92,980,353		$	72,134,759

Accumulation unit activity
Units outstanding at beginning of year		438,155,467			364,115,239			438,966,264			16,502,499			10,227,315
Contract purchase payments		4,045,369			6,031,964			936,312			47,435,919			41,641,342
Net transfers⁽¹⁾		(14,739,715	)		(6,951,296	)		(4,571,171	)		32,896,593			21,421,917
Transfers for policy loans		80,741			7,799			15,979			—			602
Contract charges		(2,069,832	)		(2,214,986	)		(2,352,959	)		(330,649	)		(187,515	)
Contract terminations:
Surrender benefits		(60,147,368	)		(37,820,505	)		(61,315,128	)		(700,054	)		(601,032	)
Death benefits		(1,297,075	)		(9,193,948	)		(11,862,916	)		—			(94,663	)
Units outstanding at end of year		364,027,587			313,974,267			359,816,381			95,804,308			72,407,966

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



40		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	VP Man Vol Conserv, Cl 2			VP Man Vol Conserv Gro, Cl 2			VP Man Vol Gro, Cl 2			VP Man Vol Mod Gro, Cl 2			VP Mod, Cl 2
Operations
Investment income (loss) — net	$	(3,908,715	)	$	(12,822,920	)	$	(96,429,074	)	$	(136,112,838	)	$	(68,605,827	)
Net realized gain (loss) on sales of investments		6,357,905			16,534,615			70,168,166			106,814,853			177,436,703
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(16,165,653	)		(69,324,429	)		(844,970,202	)		(890,110,812	)		(548,849,926	)
Net increase (decrease) in net assets resulting from operations		(13,716,463	)		(65,612,734	)		(871,231,110	)		(919,408,797	)		(440,019,050	)

Contract transactions
Contract purchase payments		23,609,015			77,219,664			1,073,356,657			908,872,470			148,077,227
Net transfers⁽¹⁾		(13,804,864	)		(53,796,836	)		78,485,863			(156,995,792	)		161,496,007
Transfers for policy loans		2,474			19,790			(22,358	)		33,940			(15,688	)
Adjustments to net assets allocated to contracts in payment period		—			613,197			(226,716	)		(68,160	)		547,308
Contract charges		(4,852,558	)		(14,980,112	)		(114,342,720	)		(167,020,993	)		(58,994,441	)
Contract terminations:
Surrender benefits		(21,338,934	)		(47,244,215	)		(380,396,393	)		(425,326,549	)		(545,673,378	)
Death benefits		(5,512,295	)		(13,433,599	)		(42,082,437	)		(73,409,557	)		(85,750,396	)
Increase (decrease) from contract transactions		(21,897,162	)		(51,602,111	)		614,771,896			86,085,359			(380,313,361	)
Net assets at beginning of year		412,801,216			1,283,319,601			9,417,648,207			13,380,653,560			7,073,182,882
Net assets at end of year	$	377,187,591		$	1,166,104,756		$	9,161,188,993		$	12,547,330,122		$	6,252,850,471

Accumulation unit activity
Units outstanding at beginning of year		371,569,034			1,090,668,487			7,241,064,670			10,233,493,609			4,525,856,939
Contract purchase payments		21,587,386			66,137,621			814,954,592			691,077,590			96,398,473
Net transfers⁽¹⁾		(12,029,836	)		(46,241,672	)		54,314,974			(123,429,192	)		103,079,984
Transfers for policy loans		2,240			17,249			(14,261	)		26,202			(11,253	)
Contract charges		(4,436,391	)		(12,882,860	)		(88,076,316	)		(128,376,615	)		(38,132,429	)
Contract terminations:
Surrender benefits		(19,549,979	)		(40,886,535	)		(299,338,338	)		(333,383,770	)		(351,801,514	)
Death benefits		(5,069,098	)		(11,540,362	)		(32,738,869	)		(56,737,502	)		(55,801,269	)
Units outstanding at end of year		352,073,356			1,045,271,928			7,690,166,452			10,282,670,322			4,279,588,931

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			41

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	VP Mod, Cl 4			VP Mod Aggr, Cl 2			VP Mod Aggr, Cl 4			VP Mod Conserv, Cl 2			VP Mod Conserv, Cl 4
Operations
Investment income (loss) — net	$	(75,766,347	)	$	(35,345,518	)	$	(24,140,714	)	$	(13,045,395	)	$	(14,441,880	)
Net realized gain (loss) on sales of investments		500,884,966			168,458,042			250,746,464			45,868,914			97,669,977
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(920,090,314	)		(408,244,969	)		(417,336,192	)		(95,876,989	)		(154,089,666	)
Net increase (decrease) in net assets resulting from operations		(494,971,695	)		(275,132,445	)		(190,730,442	)		(63,053,470	)		(70,861,569	)

Contract transactions
Contract purchase payments		18,069,151			102,280,798			17,652,381			28,293,861			2,976,036
Net transfers⁽¹⁾		(26,046,173	)		(150,224,360	)		(85,510,885	)		(22,469,163	)		(55,958,595	)
Transfers for policy loans		291,422			53,590			290,329			75,169			85,823
Adjustments to net assets allocated to contracts in payment period		—			28,395			—			(335,037	)		—
Contract charges		(53,303,975	)		(27,722,905	)		(13,368,906	)		(8,145,718	)		(8,491,394	)
Contract terminations:
Surrender benefits		(999,490,079	)		(269,714,734	)		(421,057,852	)		(99,936,533	)		(182,916,253	)
Death benefits		(107,042,406	)		(23,857,359	)		(19,523,694	)		(29,779,657	)		(37,114,092	)
Increase (decrease) from contract transactions		(1,167,522,060	)		(369,156,575	)		(521,518,627	)		(132,297,078	)		(281,418,475	)
Net assets at beginning of year		8,698,841,327			3,799,414,551			2,900,251,227			1,344,015,655			1,656,916,721
Net assets at end of year	$	7,036,347,572		$	3,155,125,531		$	2,188,002,158		$	1,148,665,107		$	1,304,636,677

Accumulation unit activity
Units outstanding at beginning of year		5,535,497,338			2,232,169,830			1,694,431,842			951,569,497			1,166,068,886
Contract purchase payments		11,613,218			60,703,799			10,389,213			20,496,475			2,127,241
Net transfers⁽¹⁾		(17,720,578	)		(89,668,917	)		(50,750,051	)		(16,024,254	)		(39,427,023	)
Transfers for policy loans		184,776			28,125			171,666			54,166			60,445
Contract charges		(34,198,572	)		(16,387,888	)		(7,856,994	)		(5,837,432	)		(6,041,037	)
Contract terminations:
Surrender benefits		(639,763,935	)		(159,087,259	)		(246,221,399	)		(71,445,241	)		(129,779,807	)
Death benefits		(68,915,164	)		(14,209,846	)		(11,485,844	)		(21,536,716	)		(26,477,892	)
Units outstanding at end of year		4,786,697,083			2,013,547,844			1,388,678,433			857,276,495			966,530,813

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



42		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	VP Ptnrs Sm Cap Val, Cl 3			VP US Flex Conserv Gro, Cl 2			VP US Flex Gro, Cl 2			VP US Flex Mod Gro, Cl 2			Wanger Intl
Operations
Investment income (loss) — net	$	(666,029	)	$	(1,001,164	)	$	(12,511,484	)	$	(8,770,045	)	$	2,349,388
Net realized gain (loss) on sales of investments		7,248,771			625,641			1,564,820			1,208,087			285,653
Distributions from capital gains		—			—			—			—			23,303,054
Net change in unrealized appreciation or depreciation of investments		(16,698,077	)		(3,794,063	)		(84,377,612	)		(41,193,642	)		(63,266,053	)
Net increase (decrease) in net assets resulting from operations		(10,115,335	)		(4,169,586	)		(95,324,276	)		(48,755,600	)		(37,327,958	)

Contract transactions
Contract purchase payments		578,864			37,498,526			442,781,145			306,128,285			2,139,818
Net transfers⁽¹⁾		(2,180,268	)		21,079,973			363,417,902			170,807,431			(479,941	)
Transfers for policy loans		28,872			—			(489	)		(247	)		53,151
Adjustments to net assets allocated to contracts in payment period		(45,626	)		(11,300	)		—			—			(13,494	)
Contract charges		(154,022	)		(1,022,186	)		(14,054,058	)		(9,191,913	)		(188,731	)
Contract terminations:
Surrender benefits		(9,505,524	)		(2,148,656	)		(23,925,022	)		(13,444,287	)		(25,579,067	)
Death benefits		(858,974	)		(137,175	)		(4,557,050	)		(6,507,391	)		(1,930,454	)
Increase (decrease) from contract transactions		(12,136,678	)		55,259,182			763,662,428			447,791,878			(25,998,718	)
Net assets at beginning of year		83,615,097			77,086,692			948,181,416			675,916,308			224,310,750
Net assets at end of year	$	61,363,084		$	128,176,288		$	1,616,519,568		$	1,074,952,586		$	160,984,074

Accumulation unit activity
Units outstanding at beginning of year		26,821,140			69,286,367			782,503,294			581,575,243			68,563,864
Contract purchase payments		194,031			33,813,847			360,034,103			261,901,394			758,578
Net transfers⁽¹⁾		(687,625	)		19,328,799			295,263,366			147,402,424			1,551
Transfers for policy loans		8,083			—			(404	)		(131	)		16,502
Contract charges		(49,585	)		(923,262	)		(11,478,444	)		(7,887,495	)		(58,499	)
Contract terminations:
Surrender benefits		(3,048,320	)		(1,937,536	)		(19,560,265	)		(11,536,278	)		(8,319,974	)
Death benefits		(276,908	)		(123,867	)		(3,712,697	)		(5,605,420	)		(570,978	)
Units outstanding at end of year		22,960,816			119,444,348			1,403,048,953			965,849,737			60,391,044

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			43

Statements of Changes in Net Assets


Year ended December 31, 2018 (continued)	Wanger USA			WF VT Index Asset Alloc, Cl 2			WF VT Intl Eq, Cl 2			WF VT Opp, Cl 2			WF VT Sm Cap Gro, Cl 2
Operations
Investment income (loss) — net	$	(2,159,309	)	$	31,231		$	3,828,098		$	(399,442	)	$	(788,588	)
Net realized gain (loss) on sales of investments		(3,016,907	)		1,266,636			(538,981	)		2,484,874			2,834,303
Distributions from capital gains		62,992,223			1,618,698			8,590,407			4,920,101			7,662,875
Net change in unrealized appreciation or depreciation of investments		(59,641,203	)		(3,755,771	)		(18,635,023	)		(10,635,939	)		(10,377,764	)
Net increase (decrease) in net assets resulting from operations		(1,825,196	)		(839,206	)		(6,755,499	)		(3,630,406	)		(669,174	)

Contract transactions
Contract purchase payments		2,243,690			152,821			390,285			715,735			5,169,165
Net transfers⁽¹⁾		(6,937,049	)		(828,127	)		237,412			(2,994,908	)		7,739,348
Transfers for policy loans		(2,741	)		9,838			3,268			26,546			(2,508	)
Adjustments to net assets allocated to contracts in payment period		(24,769	)		(43,109	)		(9,025	)		(23,534	)		(9,768	)
Contract charges		(218,354	)		(19,700	)		(41,668	)		(33,492	)		(36,029	)
Contract terminations:
Surrender benefits		(33,138,972	)		(2,601,580	)		(4,374,229	)		(6,085,771	)		(8,979,675	)
Death benefits		(2,456,228	)		(581,606	)		(485,813	)		(423,840	)		(597,492	)
Increase (decrease) from contract transactions		(40,534,423	)		(3,911,463	)		(4,279,770	)		(8,819,264	)		3,283,041
Net assets at beginning of year		269,823,645			27,343,334			40,675,157			56,739,738			69,946,793
Net assets at end of year	$	227,464,026		$	22,592,665		$	29,639,888		$	44,290,068		$	72,560,660

Accumulation unit activity
Units outstanding at beginning of year		73,899,614			11,066,633			23,600,822			20,486,958			25,823,604
Contract purchase payments		606,022			62,261			244,725			254,255			1,696,511
Net transfers⁽¹⁾		(1,616,089	)		(344,436	)		111,488			(1,084,347	)		2,325,294
Transfers for policy loans		1,518			3,966			2,951			9,203			(548	)
Contract charges		(54,189	)		(8,058	)		(27,009	)		(11,402	)		(11,664	)
Contract terminations:
Surrender benefits		(8,418,944	)		(1,059,576	)		(2,648,897	)		(2,129,688	)		(2,883,712	)
Death benefits		(621,639	)		(239,305	)		(301,606	)		(146,895	)		(188,907	)
Units outstanding at end of year		63,796,293			9,481,485			20,982,474			17,378,084			26,760,578

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



44		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statement of Changes in Net Assets


Year ended December 31, 2018 (continued)	WA Var Global Hi Yd Bond, Cl II
Operations
Investment income (loss) — net	$	349,676
Net realized gain (loss) on sales of investments		(165,917	)
Distributions from capital gains		—
Net change in unrealized appreciation or depreciation of investments		(692,940	)
Net increase (decrease) in net assets resulting from operations		(509,181	)

Contract transactions
Contract purchase payments		763,556
Net transfers⁽¹⁾		(592,243	)
Transfers for policy loans		1,132
Adjustments to net assets allocated to contracts in payment period		(967	)
Contract charges		(3,393	)
Contract terminations:
Surrender benefits		(901,580	)
Death benefits		(111,253	)
Increase (decrease) from contract transactions		(844,748	)
Net assets at beginning of year		10,224,341
Net assets at end of year	$	8,870,412

Accumulation unit activity
Units outstanding at beginning of year		9,079,328
Contract purchase payments		695,830
Net transfers⁽¹⁾		(536,329	)
Transfers for policy loans		1,001
Contract charges		(3,113	)
Contract terminations:
Surrender benefits		(816,907	)
Death benefits		(102,139	)
Units outstanding at end of year		8,317,671

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			45

Statements of Changes in Net Assets


Year ended December 31, 2017	AB VPS Dyn Asset Alloc, Cl B			AB VPS Global Thematic Gro, Cl B			AB VPS Gro & Inc, Cl B			AB VPS Intl Val, Cl B			ALPS Alerian Engy Infr, Class III
Operations
Investment income (loss) — net	$	57,057		$	(49,303	)	$	319,688		$	1,376,602		$	397,149
Net realized gain (loss) on sales of investments		93,243			545,517			4,954,877			(994,126	)		(487,797	)
Distributions from capital gains		—			—			7,448,020			—			—
Net change in unrealized appreciation or depreciation of investments		822,777			1,709,525			1,280,967			28,431,540			(851,400	)
Net increase (decrease) in net assets resulting from operations		973,077			2,205,739			14,003,552			28,814,016			(942,048	)

Contract transactions
Contract purchase payments		1,263,367			107,628			651,275			1,756,982			4,056,938
Net transfers⁽¹⁾		(267,380	)		1,149,656			(2,481,145	)		(2,101,849	)		(326,524	)
Transfers for policy loans		1,118			246			2,990			64,871			3,780
Adjustments to net assets allocated to contracts in payment period		—			53,231			(24,421	)		(33,160	)		(8,485	)
Contract charges		(3,856	)		(7,389	)		(62,855	)		(159,078	)		(20,472	)
Contract terminations:
Surrender benefits		(671,110	)		(1,151,142	)		(11,630,706	)		(18,373,255	)		(4,794,712	)
Death benefits		(66,207	)		(78,009	)		(1,198,769	)		(1,389,001	)		(778,774	)
Increase (decrease) from contract transactions		255,932			74,221			(14,743,631	)		(20,234,490	)		(1,868,249	)
Net assets at beginning of year		7,611,976			6,365,465			88,721,379			127,862,656			49,294,984
Net assets at end of year	$	8,840,985		$	8,645,425		$	87,981,300		$	136,442,182		$	46,484,687

Accumulation unit activity
Units outstanding at beginning of year		6,932,622			4,682,402			43,393,779			90,605,539			48,708,590
Contract purchase payments		1,072,057			67,610			296,843			1,228,713			4,085,427
Net transfers⁽¹⁾		(243,082	)		688,766			(1,157,081	)		(1,058,910	)		(382,729	)
Transfers for policy loans		951			159			1,536			37,126			3,922
Contract charges		(3,270	)		(4,566	)		(28,792	)		(93,362	)		(20,556	)
Contract terminations:
Surrender benefits		(571,796	)		(701,448	)		(5,382,752	)		(11,564,502	)		(4,791,150	)
Death benefits		(57,061	)		(50,204	)		(565,322	)		(863,770	)		(777,191	)
Units outstanding at end of year		7,130,421			4,682,719			36,558,211			78,290,834			46,826,313

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



46		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	AC VP Intl, Cl II			AC VP Mid Cap Val, Cl II			AC VP Ultra, Cl II			AC VP Val, Cl II			BlackRock Global Alloc, Cl III
Operations
Investment income (loss) — net	$	(27,862	)	$	331,701		$	(188,996	)	$	1,192,371		$	209,012
Net realized gain (loss) on sales of investments		1,386,898			3,271,206			2,316,650			12,820,939			(242,515	)
Distributions from capital gains		—			1,449,677			1,363,560			—			968,404
Net change in unrealized appreciation or depreciation of investments		5,005,528			1,963,972			3,883,943			1,277,985			8,507,522
Net increase (decrease) in net assets resulting from operations		6,364,564			7,016,556			7,375,157			15,291,295			9,442,423

Contract transactions
Contract purchase payments		263,102			757,649			296,319			8,461,403			7,058,661
Net transfers⁽¹⁾		(712,098	)		5,582,179			336,218			(4,970,929	)		(1,192,604	)
Transfers for policy loans		12,688			7,715			11,423			37,595			14,839
Adjustments to net assets allocated to contracts in payment period		(13,524	)		(24,573	)		104,117			(13,401	)		11,865
Contract charges		(19,105	)		(50,806	)		(20,367	)		(132,638	)		(36,541	)
Contract terminations:
Surrender benefits		(2,633,980	)		(10,080,604	)		(4,228,129	)		(26,881,649	)		(7,284,760	)
Death benefits		(243,902	)		(505,923	)		(456,408	)		(2,881,239	)		(1,071,801	)
Increase (decrease) from contract transactions		(3,346,819	)		(4,314,363	)		(3,956,827	)		(26,380,858	)		(2,500,341	)
Net assets at beginning of year		22,461,899			69,235,236			25,605,688			221,302,966			77,156,935
Net assets at end of year	$	25,479,644		$	71,937,429		$	29,024,018		$	210,213,403		$	84,099,017

Accumulation unit activity
Units outstanding at beginning of year		14,613,991			30,814,905			13,236,397			92,076,433			64,910,290
Contract purchase payments		146,025			323,636			130,354			3,624,726			5,559,685
Net transfers⁽¹⁾		(373,936	)		2,402,087			151,038			(2,018,828	)		(1,027,854	)
Transfers for policy loans		7,536			3,498			5,110			15,896			11,812
Contract charges		(10,788	)		(21,872	)		(9,087	)		(52,810	)		(28,745	)
Contract terminations:
Surrender benefits		(1,481,682	)		(4,261,102	)		(1,875,286	)		(10,932,939	)		(5,718,005	)
Death benefits		(134,623	)		(225,890	)		(202,140	)		(1,222,200	)		(838,133	)
Units outstanding at end of year		12,766,523			29,035,262			11,436,386			81,490,278			62,869,050

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			47

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	Calvert VP SRI Bal, Cl I			Col VP Bal, Cl 3			Col VP Commodity Strategy, Cl 2			Col VP Contrarian Core, Cl 2			Col VP Disciplined Core, Cl 3
Operations
Investment income (loss) — net	$	236,269		$	(4,699,356	)	$	167,024		$	(922,281	)	$	(3,518,792	)
Net realized gain (loss) on sales of investments		438,899			14,499,482			(95,826	)		2,158,609			24,473,341
Distributions from capital gains		210,027			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		1,304,634			47,028,327			(13,033	)		15,402,606			52,622,378
Net increase (decrease) in net assets resulting from operations		2,189,829			56,828,453			58,165			16,638,934			73,576,927

Contract transactions
Contract purchase payments		238,951			32,161,770			673,492			8,133,659			3,285,100
Net transfers⁽¹⁾		(373,906	)		27,551,139			770,931			7,852,742			(11,147,610	)
Transfers for policy loans		21,196			101,673			123			(21,574	)		155,540
Adjustments to net assets allocated to contracts in payment period		(6,577	)		(193,132	)		—			(3,640	)		(602,698	)
Contract charges		(16,096	)		(250,406	)		(998	)		(46,510	)		(453,074	)
Contract terminations:
Surrender benefits		(2,187,263	)		(41,944,418	)		(339,163	)		(7,447,604	)		(35,253,336	)
Death benefits		(245,988	)		(7,976,244	)		(75,233	)		(761,210	)		(4,036,527	)
Increase (decrease) from contract transactions		(2,569,683	)		9,450,382			1,029,152			7,705,863			(48,052,605	)
Net assets at beginning of year		21,153,746			418,875,477			3,324,384			78,269,293			344,383,537
Net assets at end of year	$	20,773,892		$	485,154,312		$	4,411,701		$	102,614,090		$	369,907,859

Accumulation unit activity
Units outstanding at beginning of year		12,996,178			214,582,874			5,509,793			52,932,731			191,847,954
Contract purchase payments		139,942			16,661,276			1,158,985			5,001,106			1,691,539
Net transfers⁽¹⁾		(206,499	)		14,467,132			1,314,630			4,841,916			(6,156,231	)
Transfers for policy loans		12,640			42,766			213			(12,835	)		60,088
Contract charges		(9,469	)		(120,280	)		(1,713	)		(28,408	)		(243,911	)
Contract terminations:
Surrender benefits		(1,289,726	)		(20,246,477	)		(582,478	)		(4,535,368	)		(18,543,448	)
Death benefits		(146,965	)		(3,830,953	)		(131,189	)		(472,489	)		(2,048,968	)
Units outstanding at end of year		11,496,101			221,556,338			7,268,241			57,726,653			166,607,023

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



48		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	Col VP Div Abs Return, Cl 2			Col VP Divd Opp, Cl 3			Col VP Emerg Mkts Bond, Cl 2			Col VP Emer Mkts, Cl 3			Col VP Global Strategic Inc, Cl 3
Operations
Investment income (loss) — net	$	(40,173	)	$	(5,188,484	)	$	416,347		$	(1,298,709	)	$	(934,957	)
Net realized gain (loss) on sales of investments		(28,578	)		50,042,624			73,867			5,823,174			(4,843,784	)
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		131,250			24,858,884			645,829			50,020,261			10,625,216
Net increase (decrease) in net assets resulting from operations		62,499			69,713,024			1,136,043			54,544,726			4,846,475

Contract transactions
Contract purchase payments		254,139			5,570,061			996,567			2,165,416			799,271
Net transfers⁽¹⁾		(480,159	)		(23,262,400	)		4,429,232			2,503,431			(2,250,733	)
Transfers for policy loans		(2,082	)		164,459			6,047			96,534			40,115
Adjustments to net assets allocated to contracts in payment period		—			(354,667	)		(1,535	)		(67,855	)		59,969
Contract charges		(1,523	)		(447,549	)		(4,396	)		(153,322	)		(141,523	)
Contract terminations:
Surrender benefits		(403,874	)		(73,762,808	)		(1,115,353	)		(19,286,844	)		(14,047,216	)
Death benefits		(116,998	)		(7,501,942	)		(30,643	)		(1,621,580	)		(1,890,835	)
Increase (decrease) from contract transactions		(750,497	)		(99,594,846	)		4,279,919			(16,364,220	)		(17,430,952	)
Net assets at beginning of year		4,198,770			581,936,352			9,333,704			125,958,408			106,327,171
Net assets at end of year	$	3,510,772		$	552,054,530		$	14,749,666		$	164,138,914		$	93,742,694

Accumulation unit activity
Units outstanding at beginning of year		4,826,904			246,768,786			9,542,697			66,944,328			71,303,966
Contract purchase payments		290,384			2,369,281			959,785			971,117			535,840
Net transfers⁽¹⁾		(546,459	)		(9,312,370	)		4,253,486			1,241,866			(1,431,056	)
Transfers for policy loans		(2,345	)		64,723			5,893			43,034			25,437
Contract charges		(1,726	)		(187,232	)		(4,211	)		(63,374	)		(94,032	)
Contract terminations:
Surrender benefits		(457,845	)		(30,375,166	)		(1,073,471	)		(8,315,771	)		(9,228,466	)
Death benefits		(133,499	)		(3,007,917	)		(29,569	)		(682,177	)		(1,227,583	)
Units outstanding at end of year		3,975,414			206,320,105			13,654,610			60,139,023			59,884,106

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			49

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	Col VP Govt Money Mkt, Cl 3			Col VP Hi Yield Bond, Cl 3			Col VP Inc Opp, Cl 3			Col VP Inter Bond, Cl 3			Col VP Lg Cap Gro, Cl 3
Operations
Investment income (loss) — net	$	(871,333	)	$	11,990,173		$	8,905,157		$	6,767,421		$	(1,146,471	)
Net realized gain (loss) on sales of investments		4,703			1,603,056			(5,391,873	)		(367,642	)		10,842,651
Distributions from capital gains		—			—			—			3,279,729			—
Net change in unrealized appreciation or depreciation of investments		(4,702	)		1,034,508			5,899,729			1,257,317			21,763,094
Net increase (decrease) in net assets resulting from operations		(871,332	)		14,627,737			9,413,013			10,936,825			31,459,274

Contract transactions
Contract purchase payments		7,108,449			2,351,298			1,311,051			2,667,629			1,213,429
Net transfers⁽¹⁾		(881,316	)		(5,262,338	)		(2,684,597	)		(1,152,164	)		(3,419,928	)
Transfers for policy loans		277,262			36,103			2,926			32,608			(8,410	)
Adjustments to net assets allocated to contracts in payment period		(132,389	)		(189,129	)		72,133			(411,866	)		(67,228	)
Contract charges		(137,121	)		(168,805	)		(218,289	)		(486,014	)		(116,572	)
Contract terminations:
Surrender benefits		(35,888,924	)		(35,931,693	)		(26,774,375	)		(53,420,603	)		(16,405,704	)
Death benefits		(2,627,608	)		(5,176,746	)		(3,010,247	)		(7,419,895	)		(1,603,488	)
Increase (decrease) from contract transactions		(32,281,647	)		(44,341,310	)		(31,301,398	)		(60,190,305	)		(20,407,901	)
Net assets at beginning of year		153,262,290			283,325,730			182,316,243			413,782,962			124,428,712
Net assets at end of year	$	120,109,311		$	253,612,157		$	160,427,858		$	364,529,482		$	135,480,085

Accumulation unit activity
Units outstanding at beginning of year		139,734,275			118,309,026			91,441,355			237,641,746			97,951,148
Contract purchase payments		6,770,046			998,622			638,632			1,551,252			797,459
Net transfers⁽¹⁾		(1,215,145	)		(1,863,847	)		(1,300,691	)		(699,778	)		(2,415,773	)
Transfers for policy loans		250,891			13,355			1,366			15,674			(5,232	)
Contract charges		(125,116	)		(68,650	)		(105,406	)		(279,111	)		(79,030	)
Contract terminations:
Surrender benefits		(33,372,776	)		(14,667,191	)		(12,971,481	)		(30,321,532	)		(11,002,194	)
Death benefits		(2,481,845	)		(2,070,235	)		(1,468,877	)		(4,174,742	)		(1,064,686	)
Units outstanding at end of year		109,560,330			100,651,080			76,234,898			203,733,509			84,181,692

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



50		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	Col VP Lg Cap Index, Cl 3			Col VP Limited Duration Cr, Cl 2			Col VP Long Govt/Cr Bond, Cl 2			Col VP Mid Cap Gro, Cl 3			Col VP Mid Cap Val, Cl 3
Operations
Investment income (loss) — net	$	(2,749,966	)	$	312,463		$	324,723		$	(781,772	)	$	(626,922	)
Net realized gain (loss) on sales of investments		11,420,736			(203,235	)		87,461			5,606,579			6,919,183
Distributions from capital gains		—			—			58,753			—			—
Net change in unrealized appreciation or depreciation of investments		42,608,852			107,617			968,612			10,529,901			1,708,920
Net increase (decrease) in net assets resulting from operations		51,279,622			216,845			1,439,549			15,354,708			8,001,181

Contract transactions
Contract purchase payments		30,937,344			3,895,011			1,275,520			785,102			729,932
Net transfers⁽¹⁾		17,340,890			4,286,638			(1,458,616	)		(1,136,694	)		(3,835,390	)
Transfers for policy loans		33,981			(2,883	)		(1,339	)		40,620			2,343
Adjustments to net assets allocated to contracts in payment period		(321,386	)		(85,401	)		(9,469	)		37,546			(11,716	)
Contract charges		(147,887	)		(12,254	)		(5,657	)		(63,400	)		(52,161	)
Contract terminations:
Surrender benefits		(24,669,332	)		(4,480,465	)		(1,975,477	)		(8,719,244	)		(11,073,599	)
Death benefits		(2,756,429	)		(769,741	)		(218,435	)		(720,028	)		(730,413	)
Increase (decrease) from contract transactions		20,417,181			2,830,905			(2,393,473	)		(9,776,098	)		(14,971,004	)
Net assets at beginning of year		241,925,166			29,208,155			16,133,637			75,221,954			73,343,310
Net assets at end of year	$	313,621,969		$	32,255,905		$	15,179,713		$	80,800,564		$	66,373,487

Accumulation unit activity
Units outstanding at beginning of year		131,933,254			27,832,887			16,069,722			40,449,252			34,277,864
Contract purchase payments		15,355,985			3,635,306			1,230,952			388,729			332,710
Net transfers⁽¹⁾		8,719,358			4,146,184			(1,457,249	)		(563,817	)		(1,687,189	)
Transfers for policy loans		17,302			(2,550	)		(1,270	)		20,169			806
Contract charges		(73,507	)		(11,697	)		(5,392	)		(30,611	)		(23,426	)
Contract terminations:
Surrender benefits		(12,478,465	)		(4,268,671	)		(1,871,196	)		(4,149,197	)		(4,966,197	)
Death benefits		(1,388,037	)		(743,401	)		(209,915	)		(352,606	)		(323,340	)
Units outstanding at end of year		142,085,890			30,588,058			13,755,652			35,761,919			27,611,228

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			51

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	Col VP Overseas Core, 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	$	894,233		$	(322,465	)	$	(413,121	)	$	1,661,803		$	1,586,279
Net realized gain (loss) on sales of investments		2,911,451			2,946,480			4,410,303			61,096			(4,522,394	)
Distributions from capital gains		—			—			—			59,402			—
Net change in unrealized appreciation or depreciation of investments		17,549,192			3,974,983			943,685			301,910			2,964,478
Net increase (decrease) in net assets resulting from operations		21,354,876			6,598,998			4,940,867			2,084,211			28,363

Contract transactions
Contract purchase payments		1,248,686			295,920			463,483			822,374			415,831
Net transfers⁽¹⁾		(4,401,159	)		5,214,946			(2,051,045	)		(4,858,054	)		(143,170	)
Transfers for policy loans		66,681			3,231			29,368			65,178			7,126
Adjustments to net assets allocated to contracts in payment period		(102,714	)		36,546			47,736			(38,674	)		(6,322	)
Contract charges		(68,023	)		(21,086	)		(36,247	)		(67,695	)		(14,986	)
Contract terminations:
Surrender benefits		(11,038,469	)		(5,398,046	)		(6,258,215	)		(12,793,072	)		(3,149,451	)
Death benefits		(1,138,806	)		(545,265	)		(861,663	)		(1,793,967	)		(227,667	)
Increase (decrease) from contract transactions		(15,433,804	)		(413,754	)		(8,666,583	)		(18,663,910	)		(3,118,639	)
Net assets at beginning of year		88,734,131			33,622,192			49,320,894			98,321,980			21,831,257
Net assets at end of year	$	94,655,203		$	39,807,436		$	45,595,178		$	81,742,281		$	18,740,981

Accumulation unit activity
Units outstanding at beginning of year		70,244,408			15,367,188			17,392,843			73,667,335			41,884,644
Contract purchase payments		878,616			129,220			161,007			620,168			811,787
Net transfers⁽¹⁾		(3,280,536	)		2,283,120			(637,198	)		(3,846,554	)		(248,142	)
Transfers for policy loans		44,385			574			9,641			47,435			13,668
Contract charges		(48,488	)		(9,051	)		(12,261	)		(49,259	)		(29,552	)
Contract terminations:
Surrender benefits		(7,858,414	)		(2,298,522	)		(2,083,766	)		(9,517,400	)		(6,186,322	)
Death benefits		(817,942	)		(230,736	)		(276,470	)		(1,334,147	)		(450,912	)
Units outstanding at end of year		59,162,029			15,241,793			14,553,796			59,587,578			35,795,171

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



52		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	CTIVP AQR Man Fut Strategy, Cl 2			CTIVP BR Gl Infl Prot Sec, Cl 3			CTIVP Lazard Intl Eq Adv, Cl 2			CTIVP Loomis Sayles Gro, Cl 1			CTIVP MFS Blend Res Core Eq, Cl 3
Operations
Investment income (loss) — net	$	(137,980	)	$	1,326,036		$	11,692		$	(1,254,278	)	$	(292,507	)
Net realized gain (loss) on sales of investments		(1,672,545	)		(6,493,353	)		115,982			5,600,949			3,489,361
Distributions from capital gains		—			826,143			—			—			—
Net change in unrealized appreciation or depreciation of investments		1,320,748			5,851,617			1,745,690			33,490,002			2,478,405
Net increase (decrease) in net assets resulting from operations		(489,777	)		1,510,443			1,873,364			37,836,673			5,675,259

Contract transactions
Contract purchase payments		1,035,156			599,981			3,635,404			1,314,068			224,182
Net transfers⁽¹⁾		(2,403,982	)		3,930,284			5,789,639			(3,075,259	)		(1,841,063	)
Transfers for policy loans		1,956			25,994			839			(18,605	)		537
Adjustments to net assets allocated to contracts in payment period		116,080			23,498			46,555			(23,536	)		(12,798	)
Contract charges		(11,483	)		(232,442	)		(3,593	)		(136,509	)		(74,141	)
Contract terminations:
Surrender benefits		(2,274,548	)		(13,967,915	)		(543,015	)		(19,452,652	)		(4,317,371	)
Death benefits		(235,720	)		(1,854,765	)		(141,947	)		(1,545,149	)		(351,075	)
Increase (decrease) from contract transactions		(3,772,541	)		(11,475,365	)		8,783,882			(22,937,642	)		(6,371,729	)
Net assets at beginning of year		23,574,696			100,365,294			5,115,100			127,611,321			32,885,133
Net assets at end of year	$	19,312,378		$	90,400,372		$	15,772,346		$	142,510,352		$	32,188,663

Accumulation unit activity
Units outstanding at beginning of year		23,588,858			68,397,119			5,025,529			120,407,539			20,722,002
Contract purchase payments		1,073,676			410,693			3,117,197			1,075,599			130,600
Net transfers⁽¹⁾		(2,471,658	)		2,719,836			5,081,008			(2,441,998	)		(1,077,314	)
Transfers for policy loans		1,948			17,783			727			(11,596	)		646
Contract charges		(11,829	)		(157,799	)		(3,066	)		(110,750	)		(42,956	)
Contract terminations:
Surrender benefits		(2,348,000	)		(9,519,246	)		(469,462	)		(15,697,265	)		(2,501,526	)
Death benefits		(243,297	)		(1,268,988	)		(123,427	)		(1,243,078	)		(202,861	)
Units outstanding at end of year		19,589,698			60,599,398			12,628,506			101,978,451			17,028,591

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			53

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	CTIVP Vty Sycamore Estb Val, Cl 3			CTIVP WF Short Duration Govt, Cl 2			DWS Alt Asset Alloc VIP, Cl B			EV VT Floating-Rate Inc, Init Cl			Fid VIP Contrafund, Serv Cl 2
Operations
Investment income (loss) — net	$	(303,019	)	$	(54,576	)	$	217,099		$	3,840,809		$	(877,254	)
Net realized gain (loss) on sales of investments		1,881,649			(71,569	)		(156,838	)		19,085			15,649,063
Distributions from capital gains		—			987			—			—			24,511,246
Net change in unrealized appreciation or depreciation of investments		3,027,663			13,286			1,095,702			221,743			44,424,567
Net increase (decrease) in net assets resulting from operations		4,606,293			(111,872	)		1,155,963			4,081,637			83,707,622

Contract transactions
Contract purchase payments		468,865			3,553,136			620,893			1,734,719			21,728,206
Net transfers⁽¹⁾		6,683,278			431,963			(1,248,117	)		(1,277,406	)		(11,713,513	)
Transfers for policy loans		(1,543	)		555			8,059			67,569			20,167
Adjustments to net assets allocated to contracts in payment period		38,019			—			3,156			(28,406	)		(347,070	)
Contract charges		(24,672	)		(4,164	)		(9,594	)		(131,545	)		(253,906	)
Contract terminations:
Surrender benefits		(4,697,642	)		(3,476,525	)		(2,353,768	)		(26,446,013	)		(57,268,059	)
Death benefits		(369,159	)		(59,877	)		(215,142	)		(2,800,298	)		(5,089,126	)
Increase (decrease) from contract transactions		2,097,146			445,088			(3,194,513	)		(28,881,380	)		(52,923,301	)
Net assets at beginning of year		29,149,944			19,002,499			20,910,883			173,277,188			430,384,411
Net assets at end of year	$	35,853,383		$	19,335,715		$	18,872,333		$	148,477,445		$	461,168,732

Accumulation unit activity
Units outstanding at beginning of year		11,633,014			19,198,888			21,290,629			127,509,001			234,428,477
Contract purchase payments		181,227			3,605,452			618,221			1,268,893			10,649,885
Net transfers⁽¹⁾		2,598,346			454,042			(1,233,991	)		(862,140	)		(5,634,838	)
Transfers for policy loans		(927	)		559			7,994			48,199			11,178
Contract charges		(9,329	)		(4,206	)		(9,471	)		(95,605	)		(124,612	)
Contract terminations:
Surrender benefits		(1,758,494	)		(3,525,499	)		(2,316,866	)		(19,175,769	)		(28,051,344	)
Death benefits		(142,194	)		(61,689	)		(215,480	)		(2,057,336	)		(2,519,936	)
Units outstanding at end of year		12,501,643			19,667,547			18,141,036			106,635,243			208,758,810

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



54		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	Fid VIP Gro & Inc, Serv Cl 2			Fid VIP Mid Cap, Serv Cl 2			Fid VIP Overseas, Serv Cl 2			Fid VIP Strategic Inc, Serv Cl 2			Frank Global Real Est, Cl 2
Operations
Investment income (loss) — net	$	220,234		$	(1,857,071	)	$	166,830		$	2,491,492		$	2,345,717
Net realized gain (loss) on sales of investments		6,818,711			11,414,714			1,746,432			132,985			(3,177,672	)
Distributions from capital gains		2,773,494			20,385,712			54,314			592,283			—
Net change in unrealized appreciation or depreciation of investments		6,287,283			46,895,421			12,853,801			2,304,151			10,445,982
Net increase (decrease) in net assets resulting from operations		16,099,722			76,838,776			14,821,377			5,520,911			9,614,027

Contract transactions
Contract purchase payments		969,493			13,464,644			803,093			11,007,341			1,172,506
Net transfers⁽¹⁾		(4,267,619	)		(8,609,902	)		1,178,734			37,014,230			(5,141,944	)
Transfers for policy loans		5,568			31,732			9,888			6,841			47,986
Adjustments to net assets allocated to contracts in payment period		(89,089	)		(58,085	)		(71,765	)		395,252			(43,950	)
Contract charges		(88,567	)		(348,878	)		(44,217	)		(34,896	)		(79,844	)
Contract terminations:
Surrender benefits		(14,031,291	)		(54,717,606	)		(8,484,258	)		(9,340,600	)		(15,572,213	)
Death benefits		(1,556,756	)		(4,851,435	)		(968,414	)		(754,293	)		(1,234,733	)
Increase (decrease) from contract transactions		(19,058,261	)		(55,089,530	)		(7,576,939	)		38,293,875			(20,852,192	)
Net assets at beginning of year		113,579,895			422,841,938			54,726,266			73,345,692			111,334,359
Net assets at end of year	$	110,621,356		$	444,591,184		$	61,970,704		$	117,160,478		$	100,096,194

Accumulation unit activity
Units outstanding at beginning of year		51,808,565			137,442,243			36,676,399			70,065,760			54,384,273
Contract purchase payments		419,207			4,600,473			471,010			10,117,322			591,780
Net transfers⁽¹⁾		(1,824,838	)		(1,863,855	)		730,415			33,954,569			(2,341,898	)
Transfers for policy loans		1,844			8,047			4,970			6,295			19,570
Contract charges		(38,390	)		(101,491	)		(25,535	)		(32,053	)		(35,532	)
Contract terminations:
Surrender benefits		(6,066,082	)		(16,443,196	)		(4,960,882	)		(8,552,308	)		(7,494,489	)
Death benefits		(673,893	)		(1,440,378	)		(611,415	)		(694,955	)		(576,431	)
Units outstanding at end of year		43,626,413			122,201,843			32,284,962			104,864,630			44,547,273

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			55

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	Frank Inc, Cl 2			Frank Mutual Shares, Cl 2			Frank Sm Cap Val, Cl 2			GS VIT Mid Cap Val, Inst			GS VIT Multi-Strategy Alt, Advisor
Operations
Investment income (loss) — net	$	1,753,771		$	1,493,858		$	(564,448	)	$	(245,420	)	$	54,107
Net realized gain (loss) on sales of investments		(6,110	)		2,549,090			3,539,956			3,685,185			(18,574	)
Distributions from capital gains		—			4,676,603			9,744,601			8,124,976			—
Net change in unrealized appreciation or depreciation of investments		2,883,440			(512,969	)		(204,017	)		3,348,262			153,484
Net increase (decrease) in net assets resulting from operations		4,631,101			8,206,582			12,516,092			14,913,003			189,017

Contract transactions
Contract purchase payments		5,820,643			3,423,433			6,301,767			1,073,490			656,312
Net transfers⁽¹⁾		(499,843	)		(3,311,452	)		(5,029,582	)		(7,302,431	)		276,817
Transfers for policy loans		(1,196	)		(4,524	)		8,130			11,634			—
Adjustments to net assets allocated to contracts in payment period		(19,717	)		(9,697	)		(28,747	)		(210,925	)		4,672
Contract charges		(25,655	)		(68,168	)		(76,830	)		(153,217	)		(1,912	)
Contract terminations:
Surrender benefits		(4,583,462	)		(13,519,770	)		(17,771,062	)		(20,694,046	)		(337,863	)
Death benefits		(744,143	)		(1,474,212	)		(1,342,527	)		(1,966,848	)		(126,954	)
Increase (decrease) from contract transactions		(53,373	)		(14,964,390	)		(17,938,851	)		(29,242,343	)		471,072
Net assets at beginning of year		54,093,592			117,426,624			143,883,993			164,127,450			4,563,342
Net assets at end of year	$	58,671,320		$	110,668,816		$	138,461,234		$	149,798,110		$	5,223,431

Accumulation unit activity
Units outstanding at beginning of year		46,982,695			60,699,584			42,894,745			37,324,519			5,049,414
Contract purchase payments		4,828,487			1,732,373			2,212,597			243,538			708,920
Net transfers⁽¹⁾		(374,880	)		(1,607,377	)		(1,421,958	)		(1,599,479	)		295,620
Transfers for policy loans		(918	)		(6,203	)		2,797			2,331			—
Contract charges		(21,370	)		(33,318	)		(21,689	)		(33,758	)		(2,056	)
Contract terminations:
Surrender benefits		(3,798,946	)		(6,722,655	)		(5,219,518	)		(4,504,322	)		(363,791	)
Death benefits		(618,949	)		(728,912	)		(399,551	)		(436,727	)		(138,909	)
Units outstanding at end of year		46,996,119			53,333,492			38,047,423			30,996,102			5,549,198

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



56		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	GS VIT U.S. Eq Insights, Inst			Invesco VI Am Fran, Ser II			Invesco VI Bal Risk Alloc, Ser II			Invesco VI Comstock, Ser II			Invesco VI Div Divd, Ser I
Operations
Investment income (loss) — net	$	570,343		$	(446,339	)	$	1,256,569		$	1,475,090		$	279,618
Net realized gain (loss) on sales of investments		6,926,895			3,676,172			(189,466	)		10,020,754			2,241,171
Distributions from capital gains		12,747,888			4,064,005			2,493,870			6,043,427			1,220,960
Net change in unrealized appreciation or depreciation of investments		4,924,276			4,519,131			237,135			4,455,826			(1,065,070	)
Net increase (decrease) in net assets resulting from operations		25,169,402			11,812,969			3,798,108			21,995,097			2,676,679

Contract transactions
Contract purchase payments		764,718			316,486			4,469,073			1,067,240			358,026
Net transfers⁽¹⁾		(1,524,846	)		(1,277,656	)		260,689			(8,931,596	)		(634,003	)
Transfers for policy loans		60,993			6,802			16,726			44,262			(7,691	)
Adjustments to net assets allocated to contracts in payment period		(49,247	)		(5,998	)		(22,447	)		(21,702	)		(2,006	)
Contract charges		(190,909	)		(160,622	)		(20,145	)		(288,217	)		(27,426	)
Contract terminations:
Surrender benefits		(15,703,698	)		(6,811,441	)		(3,742,039	)		(19,155,395	)		(5,400,474	)
Death benefits		(1,467,008	)		(677,296	)		(825,294	)		(1,758,865	)		(331,933	)
Increase (decrease) from contract transactions		(18,109,997	)		(8,609,725	)		136,563			(29,044,273	)		(6,045,507	)
Net assets at beginning of year		118,004,277			47,937,622			42,960,042			151,864,607			37,763,135
Net assets at end of year	$	125,063,682		$	51,140,866		$	46,894,713		$	144,815,431		$	34,394,307

Accumulation unit activity
Units outstanding at beginning of year		61,378,052			31,727,550			39,732,259			71,705,058			20,871,768
Contract purchase payments		353,001			180,180			4,043,956			489,597			192,046
Net transfers⁽¹⁾		(732,557	)		(701,060	)		304,025			(4,008,467	)		(317,911	)
Transfers for policy loans		27,932			3,581			15,740			19,814			(4,151	)
Contract charges		(88,887	)		(90,388	)		(18,148	)		(127,724	)		(14,653	)
Contract terminations:
Surrender benefits		(7,384,561	)		(3,864,691	)		(3,367,361	)		(8,644,011	)		(2,882,382	)
Death benefits		(698,900	)		(379,709	)		(746,284	)		(785,382	)		(177,100	)
Units outstanding at end of year		52,854,080			26,875,463			39,964,187			58,648,885			17,667,617

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			57

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	Invesco VI Hlth, Ser II			Invesco VI Intl Gro, Ser II			Invesco VI Mid Cap Gro, Ser I			Invesco VI Tech, Ser I			Ivy VIP Asset Strategy
Operations
Investment income (loss) — net	$	(397,043	)	$	263,649		$	(172,306	)	$	(188,159	)	$	73,378
Net realized gain (loss) on sales of investments		(57,977	)		3,860,509			476,776			1,386,006			(1,708,572	)
Distributions from capital gains		2,481,685			—			1,255,498			1,125,589			—
Net change in unrealized appreciation or depreciation of investments		4,566,688			11,394,812			2,387,517			3,994,122			4,338,265
Net increase (decrease) in net assets resulting from operations		6,593,353			15,518,970			3,947,485			6,317,558			2,703,071

Contract transactions
Contract purchase payments		661,666			861,705			200,117			265,190			305,341
Net transfers⁽¹⁾		(2,210,871	)		(2,205,491	)		(625,114	)		515,307			(3,631,660	)
Transfers for policy loans		3,416			28,738			15,493			9,003			6,196
Adjustments to net assets allocated to contracts in payment period		(13,562	)		(109,492	)		(8,907	)		(164	)		(9,440	)
Contract charges		(34,716	)		(67,570	)		(11,405	)		(32,480	)		(9,406	)
Contract terminations:
Surrender benefits		(7,439,858	)		(11,985,740	)		(1,935,637	)		(3,717,814	)		(1,675,615	)
Death benefits		(470,811	)		(712,762	)		(313,783	)		(252,211	)		(168,150	)
Increase (decrease) from contract transactions		(9,504,736	)		(14,190,612	)		(2,679,236	)		(3,213,169	)		(5,182,734	)
Net assets at beginning of year		47,481,624			77,046,097			19,357,426			19,520,933			18,609,622
Net assets at end of year	$	44,570,241		$	78,374,455		$	20,625,675		$	22,625,322		$	16,129,959

Accumulation unit activity
Units outstanding at beginning of year		24,438,272			49,469,278			13,515,150			14,717,656			18,668,573
Contract purchase payments		307,464			502,865			126,248			161,332			288,683
Net transfers⁽¹⁾		(1,029,813	)		(1,259,570	)		(388,029	)		320,118			(3,442,841	)
Transfers for policy loans		1,533			15,973			9,390			5,500			5,665
Contract charges		(16,085	)		(39,468	)		(7,098	)		(20,021	)		(8,877	)
Contract terminations:
Surrender benefits		(3,448,523	)		(6,866,507	)		(1,208,521	)		(2,313,283	)		(1,569,076	)
Death benefits		(220,934	)		(402,778	)		(192,535	)		(157,597	)		(157,390	)
Units outstanding at end of year		20,031,914			41,419,793			11,854,605			12,713,705			13,784,737

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



58		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	Janus Henderson VIT Flex Bd, Serv			Janus Henderson VIT Gbl Tech, Serv			Janus Henderson VIT Overseas, Serv			Janus Henderson VIT Res, Serv			Lazard Ret Global Dyn MA, Serv
Operations
Investment income (loss) — net	$	754,599		$	(189,131	)	$	185,762		$	(334,472	)	$	(159,658	)
Net realized gain (loss) on sales of investments		(175,202	)		1,596,595			(1,012,860	)		2,069,491			183,813
Distributions from capital gains		—			1,386,120			—			460,576			885,077
Net change in unrealized appreciation or depreciation of investments		618,775			5,186,017			7,387,154			8,787,414			1,786,391
Net increase (decrease) in net assets resulting from operations		1,198,172			7,979,601			6,560,056			10,983,009			2,695,623

Contract transactions
Contract purchase payments		3,554,921			251,943			294,097			1,640,687			752,399
Net transfers⁽¹⁾		(1,799,347	)		(243,370	)		(1,515,723	)		(2,681,529	)		127,092
Transfers for policy loans		1,290			6,721			22,295			7,244			402
Adjustments to net assets allocated to contracts in payment period		(5,943	)		5,496			12,023			(2,666	)		—
Contract charges		(16,196	)		(10,920	)		(14,580	)		(72,393	)		(6,941	)
Contract terminations:
Surrender benefits		(5,748,051	)		(2,558,542	)		(2,476,858	)		(6,210,384	)		(1,248,726	)
Death benefits		(358,451	)		(92,060	)		(170,388	)		(571,743	)		(271,738	)
Increase (decrease) from contract transactions		(4,371,777	)		(2,640,732	)		(3,849,134	)		(7,890,784	)		(647,512	)
Net assets at beginning of year		53,508,439			18,891,160			23,411,632			44,874,466			14,856,790
Net assets at end of year	$	50,334,834		$	24,230,029		$	26,122,554		$	47,966,691		$	16,904,901

Accumulation unit activity
Units outstanding at beginning of year		52,385,399			18,360,362			20,913,465			28,456,447			12,934,344
Contract purchase payments		3,425,591			194,027			225,173			910,043			589,581
Net transfers⁽¹⁾		(1,761,917	)		(119,478	)		(1,155,285	)		(1,497,217	)		23,176
Transfers for policy loans		1,261			5,021			16,984			4,265			322
Contract charges		(15,579	)		(8,171	)		(11,027	)		(40,310	)		(5,502	)
Contract terminations:
Surrender benefits		(5,512,967	)		(1,991,672	)		(1,880,289	)		(3,442,985	)		(990,938	)
Death benefits		(347,332	)		(78,507	)		(134,972	)		(316,546	)		(214,037	)
Units outstanding at end of year		48,174,456			16,361,582			17,974,049			24,073,697			12,336,946

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			59

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	MFS Mass Inv Gro Stock, Serv Cl			MFS New Dis, Serv Cl			MFS Utilities, Serv Cl			MS VIF Global Real Est, Cl II			MS VIF Mid Cap Gro, Cl II
Operations
Investment income (loss) — net	$	(299,304	)	$	(276,952	)	$	5,869,141		$	624,513		$	(279,999	)
Net realized gain (loss) on sales of investments		(131,010	)		587,084			2,500,199			1,783,845			(473,886	)
Distributions from capital gains		3,230,724			657,206			—			—			—
Net change in unrealized appreciation or depreciation of investments		12,127,599			6,381,065			15,226,111			1,052,451			9,579,315
Net increase (decrease) in net assets resulting from operations		14,928,009			7,348,403			23,595,451			3,460,809			8,825,430

Contract transactions
Contract purchase payments		576,582			309,466			5,720,008			467,621			1,718,306
Net transfers⁽¹⁾		(3,929,243	)		(1,266,392	)		(6,364,986	)		(3,233,092	)		(798,695	)
Transfers for policy loans		16,055			17,567			36,809			6,710			4,813
Adjustments to net assets allocated to contracts in payment period		(22,481	)		(13,633	)		(54,250	)		(5,264	)		(6,440	)
Contract charges		(39,127	)		(23,381	)		(112,364	)		(34,399	)		(16,483	)
Contract terminations:
Surrender benefits		(8,206,971	)		(3,849,302	)		(22,046,503	)		(6,180,684	)		(3,664,898	)
Death benefits		(634,982	)		(283,764	)		(2,715,923	)		(555,433	)		(348,341	)
Increase (decrease) from contract transactions		(12,240,167	)		(5,109,439	)		(25,537,209	)		(9,534,541	)		(3,111,738	)
Net assets at beginning of year		60,486,288			31,851,415			182,085,209			45,177,955			24,688,850
Net assets at end of year	$	63,174,130		$	34,090,379		$	180,143,451		$	39,104,223		$	30,402,542

Accumulation unit activity
Units outstanding at beginning of year		58,861,135			16,734,376			70,057,085			32,430,512			16,089,653
Contract purchase payments		499,783			145,136			2,091,522			324,652			916,786
Net transfers⁽¹⁾		(3,343,715	)		(609,957	)		(2,230,453	)		(2,244,619	)		(406,382	)
Transfers for policy loans		13,777			7,912			12,467			4,674			2,765
Contract charges		(33,448	)		(11,026	)		(38,826	)		(23,795	)		(8,797	)
Contract terminations:
Surrender benefits		(7,039,561	)		(1,820,862	)		(7,722,093	)		(4,281,624	)		(1,933,712	)
Death benefits		(545,398	)		(135,540	)		(973,337	)		(389,937	)		(185,245	)
Units outstanding at end of year		48,412,573			14,310,039			61,196,365			25,819,863			14,475,068

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



60		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	NB AMT Intl Eq, Cl S			NB AMT US Eq Index PW Strat, Cl S			Oppen Global VA, Serv			Oppen Global Strategic Inc VA, Srv			Oppen Main St Sm Cap VA, Serv
Operations
Investment income (loss) — net	$	(40,649	)	$	(31,986	)	$	(268,790	)	$	3,472,201		$	(317,290	)
Net realized gain (loss) on sales of investments		487,059			(22,635	)		3,046,475			(1,150,840	)		2,282,854
Distributions from capital gains		—			—			—			—			5,245,333
Net change in unrealized appreciation or depreciation of investments		2,876,115			214,361			31,145,014			14,093,605			4,530,014
Net increase (decrease) in net assets resulting from operations		3,322,525			159,740			33,922,699			16,414,966			11,740,911

Contract transactions
Contract purchase payments		139,627			571,683			6,156,802			5,448,462			5,280,246
Net transfers⁽¹⁾		281,965			(49,222	)		6,005,406			(8,593,345	)		5,398,186
Transfers for policy loans		1,831			(354	)		5,426			50,126			12,434
Adjustments to net assets allocated to contracts in payment period		(137	)		—			(38,446	)		(253,614	)		(10,658	)
Contract charges		(20,831	)		(1,174	)		(58,347	)		(340,880	)		(49,596	)
Contract terminations:
Surrender benefits		(2,105,872	)		(258,923	)		(11,904,197	)		(45,928,594	)		(11,363,655	)
Death benefits		(132,997	)		(212,732	)		(1,243,454	)		(5,021,144	)		(823,961	)
Increase (decrease) from contract transactions		(1,836,414	)		49,278			(1,076,810	)		(54,638,989	)		(1,557,004	)
Net assets at beginning of year		13,664,318			3,072,011			97,848,786			344,745,175			91,572,198
Net assets at end of year	$	15,150,429		$	3,281,029		$	130,694,675		$	306,521,152		$	101,756,105

Accumulation unit activity
Units outstanding at beginning of year		12,746,989			3,375,935			51,396,613			217,796,118			38,137,221
Contract purchase payments		114,635			608,302			2,799,810			3,507,703			2,132,742
Net transfers⁽¹⁾		235,961			(55,909	)		2,750,679			(5,209,741	)		2,322,600
Transfers for policy loans		1,703			(390	)		2,588			31,052			5,627
Contract charges		(16,912	)		(1,253	)		(25,701	)		(208,519	)		(19,039	)
Contract terminations:
Surrender benefits		(1,716,984	)		(276,738	)		(5,279,415	)		(28,170,358	)		(4,414,019	)
Death benefits		(111,269	)		(232,847	)		(571,472	)		(3,092,912	)		(327,830	)
Units outstanding at end of year		11,254,123			3,417,100			51,073,102			184,653,343			37,837,302

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			61

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	PIMCO VIT All Asset, Advisor Cl			PIMCO VIT Glb MA Man Alloc, Adv Cl			PIMCO VIT Tot Return, Advisor Cl			Put VT Global Hlth Care, Cl IB			Put VT Intl Eq, Cl IB
Operations
Investment income (loss) — net	$	3,249,366		$	47,506		$	207,118		$	(88,730	)	$	210,373
Net realized gain (loss) on sales of investments		(390,226	)		17,372			(57,882	)		355,900			122,908
Distributions from capital gains		—			—			—			2,362,233			—
Net change in unrealized appreciation or depreciation of investments		8,042,860			472,156			628,042			1,072,856			3,132,399
Net increase (decrease) in net assets resulting from operations		10,902,000			537,034			777,278			3,702,259			3,465,680

Contract transactions
Contract purchase payments		1,899,138			237,182			4,774,962			298,900			173,179
Net transfers⁽¹⁾		(1,042,204	)		343,099			7,542,799			(812,465	)		(273,654	)
Transfers for policy loans		41,370			706			6,715			7,732			(5,669	)
Adjustments to net assets allocated to contracts in payment period		(12,902	)		—			—			(8,282	)		(2,820	)
Contract charges		(96,718	)		(1,382	)		(7,864	)		(21,390	)		(11,058	)
Contract terminations:
Surrender benefits		(12,730,683	)		(282,466	)		(1,767,449	)		(3,793,791	)		(1,821,535	)
Death benefits		(1,268,664	)		(130,416	)		(454,160	)		(257,931	)		(129,221	)
Increase (decrease) from contract transactions		(13,210,663	)		166,723			10,095,003			(4,587,227	)		(2,070,778	)
Net assets at beginning of year		93,645,869			4,210,052			18,972,590			26,702,635			14,585,396
Net assets at end of year	$	91,337,206		$	4,913,809		$	29,844,871		$	25,817,667		$	15,980,298

Accumulation unit activity
Units outstanding at beginning of year		64,890,452			4,275,837			18,985,674			11,746,240			9,845,680
Contract purchase payments		1,270,656			227,517			4,674,800			117,585			101,164
Net transfers⁽¹⁾		(658,204	)		310,929			7,307,156			(325,670	)		(176,064	)
Transfers for policy loans		26,971			662			6,473			3,042			(3,447	)
Contract charges		(62,778	)		(1,319	)		(7,643	)		(8,483	)		(6,559	)
Contract terminations:
Surrender benefits		(8,266,824	)		(265,985	)		(1,710,498	)		(1,496,073	)		(1,087,274	)
Death benefits		(840,319	)		(126,171	)		(447,465	)		(102,854	)		(76,861	)
Units outstanding at end of year		56,359,954			4,421,470			28,808,497			9,933,787			8,596,639

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



62		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	Put VT Sus Leaders, Cl IB			Temp Global Bond, Cl 2			VanEck VIP Global Gold, Cl S			VP Aggr, Cl 2			VP Aggr, Cl 4
Operations
Investment income (loss) — net	$	(60,702	)	$	(336,722	)	$	436,393		$	(11,089,187	)	$	(7,759,709	)
Net realized gain (loss) on sales of investments		1,729,970			(293,343	)		(81,894	)		49,569,506			94,689,443
Distributions from capital gains		1,986,222			109,998			—			—			—
Net change in unrealized appreciation or depreciation of investments		3,197,499			752,854			887,875			147,857,778			52,105,401
Net increase (decrease) in net assets resulting from operations		6,852,989			232,787			1,242,374			186,338,097			139,035,135

Contract transactions
Contract purchase payments		259,718			3,398,405			1,065,198			29,684,293			8,350,689
Net transfers⁽¹⁾		96,993			3,897,805			1,710,671			(31,272,640	)		(42,894,367	)
Transfers for policy loans		5,825			6,966			(494	)		(94,063	)		(131,066	)
Adjustments to net assets allocated to contracts in payment period		(3,791	)		—			(57,319	)		308,105			—
Contract charges		(19,701	)		(10,820	)		(6,450	)		(8,611,804	)		(4,687,286	)
Contract terminations:
Surrender benefits		(3,207,753	)		(3,244,533	)		(2,108,062	)		(65,903,697	)		(157,283,624	)
Death benefits		(375,898	)		(256,302	)		(277,059	)		(7,441,571	)		(2,274,596	)
Increase (decrease) from contract transactions		(3,244,607	)		3,791,521			326,485			(83,331,377	)		(198,920,250	)
Net assets at beginning of year		25,511,894			32,181,282			11,189,554			1,085,154,258			870,142,362
Net assets at end of year	$	29,120,276		$	36,205,590		$	12,758,413		$	1,188,160,978		$	810,257,247

Accumulation unit activity
Units outstanding at beginning of year		12,838,326			33,736,249			14,213,988			694,292,680			554,043,324
Contract purchase payments		113,742			3,487,051			1,255,174			17,427,481			4,900,508
Net transfers⁽¹⁾		57,793			3,982,621			1,988,221			(18,043,047	)		(24,634,369	)
Transfers for policy loans		2,690			7,088			(432	)		(56,101	)		(75,091	)
Contract charges		(8,642	)		(11,082	)		(7,423	)		(5,065,778	)		(2,752,653	)
Contract terminations:
Surrender benefits		(1,406,277	)		(3,314,947	)		(2,391,247	)		(38,687,360	)		(91,987,310	)
Death benefits		(161,612	)		(264,345	)		(316,288	)		(4,486,003	)		(1,338,942	)
Units outstanding at end of year		11,436,020			37,622,635			14,741,993			645,381,872			438,155,467

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			63

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	VP Conserv, Cl 2			VP Conserv, Cl 4			VP Man Risk, Cl 2⁽²⁾			VP Man Risk US, Cl 2⁽²⁾			VP Man Vol Conserv, Cl 2
Operations
Investment income (loss) — net	$	(5,046,373	)	$	(5,890,008	)	$	(22,987	)	$	(15,870	)	$	(3,861,962	)
Net realized gain (loss) on sales of investments		15,976,459			33,304,174			4,504			300			4,914,531
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		18,650,278			10,110,996			305,552			235,711			23,892,659
Net increase (decrease) in net assets resulting from operations		29,580,364			37,525,162			287,069			220,141			24,945,228

Contract transactions
Contract purchase payments		9,606,350			1,627,198			11,700,135			8,363,942			29,345,282
Net transfers⁽¹⁾		(15,877,980	)		(38,430,555	)		5,110,141			2,089,810			5,397,166
Transfers for policy loans		10,692			31,402			—			384			(9,329	)
Adjustments to net assets allocated to contracts in payment period		(45,347	)		—			—			—			—
Contract charges		(3,040,792	)		(3,607,893	)		(6,284	)		(829	)		(4,587,905	)
Contract terminations:
Surrender benefits		(50,530,666	)		(94,259,434	)		(10,969	)		(7,094	)		(30,207,277	)
Death benefits		(10,647,190	)		(12,865,362	)		—			—			(3,050,051	)
Increase (decrease) from contract transactions		(70,524,933	)		(147,504,644	)		16,793,023			10,446,213			(3,112,114	)
Net assets at beginning of year		507,921,753			675,845,689			—			—			390,968,102
Net assets at end of year	$	466,977,184		$	565,866,207		$	17,080,092		$	10,666,354		$	412,801,216

Accumulation unit activity
Units outstanding at beginning of year		420,989,427			557,147,153			—			—			375,993,545
Contract purchase payments		7,956,912			1,301,470			11,490,547			8,195,274			27,210,731
Net transfers⁽¹⁾		(13,321,493	)		(31,221,916	)		5,028,580			2,039,164			3,535,039
Transfers for policy loans		9,319			25,296			—			376			(8,217	)
Contract charges		(2,425,107	)		(2,875,585	)		(6,149	)		(813	)		(4,246,500	)
Contract terminations:
Surrender benefits		(40,536,846	)		(75,142,528	)		(10,479	)		(6,686	)		(28,085,880	)
Death benefits		(8,556,973	)		(10,267,626	)		—			—			(2,829,684	)
Units outstanding at end of year		364,115,239			438,966,264			16,502,499			10,227,315			371,569,034

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

⁽²⁾	For the period September 18, 2017 (commencement of operations) to December 31, 2017.

See accompanying notes to financial statements.



64		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	VP Man Vol Conserv Gro, Cl 2			VP Man Vol Gro, Cl 2			VP Man Vol Mod Gro, Cl 2			VP Mod, Cl 2			VP Mod, Cl 4
Operations
Investment income (loss) — net	$	(12,590,996	)	$	(83,499,334	)	$	(126,362,907	)	$	(68,515,311	)	$	(83,096,970	)
Net realized gain (loss) on sales of investments		12,372,487			42,798,891			78,262,488			146,922,026			496,862,666
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		118,618,693			1,319,692,680			1,592,861,049			701,798,723			602,776,421
Net increase (decrease) in net assets resulting from operations		118,400,184			1,278,992,237			1,544,760,630			780,205,438			1,016,542,117

Contract transactions
Contract purchase payments		90,985,477			830,487,436			915,378,882			133,936,868			20,553,302
Net transfers⁽¹⁾		(87,388,060	)		149,776,511			(181,230,762	)		180,947,200			25,891,465
Transfers for policy loans		14,029			33,044			31,848			189,783			42,921
Adjustments to net assets allocated to contracts in payment period		3,406			1,238,270			(1,016,257	)		(142,798	)		—
Contract charges		(14,364,487	)		(97,149,237	)		(152,825,670	)		(57,786,055	)		(57,168,005	)
Contract terminations:
Surrender benefits		(41,501,689	)		(363,803,063	)		(421,883,314	)		(473,305,393	)		(1,142,519,220	)
Death benefits		(8,657,550	)		(31,318,667	)		(52,924,346	)		(72,369,640	)		(102,122,534	)
Increase (decrease) from contract transactions		(60,908,874	)		489,264,294			105,530,381			(288,530,035	)		(1,255,322,071	)
Net assets at beginning of year		1,225,828,291			7,649,391,676			11,730,362,549			6,581,507,479			8,937,621,281
Net assets at end of year	$	1,283,319,601		$	9,417,648,207		$	13,380,653,560		$	7,073,182,882		$	8,698,841,327

Accumulation unit activity
Units outstanding at beginning of year		1,147,612,985			6,861,703,304			10,167,228,179			4,720,820,113			6,377,729,736
Contract purchase payments		80,372,730			673,658,094			733,878,450			90,280,395			13,855,296
Net transfers⁽¹⁾		(79,560,564	)		120,393,622			(149,822,012	)		121,007,419			17,401,469
Transfers for policy loans		12,718			26,405			25,721			125,653			33,345
Contract charges		(12,743,575	)		(80,038,415	)		(123,579,843	)		(38,910,347	)		(38,382,344	)
Contract terminations:
Surrender benefits		(37,277,989	)		(308,560,879	)		(351,165,469	)		(318,303,109	)		(766,287,483	)
Death benefits		(7,747,818	)		(26,117,461	)		(43,071,417	)		(49,163,185	)		(68,852,681	)
Units outstanding at end of year		1,090,668,487			7,241,064,670			10,233,493,609			4,525,856,939			5,535,497,338

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			65

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	VP Mod Aggr, Cl 2			VP Mod Aggr, Cl 4			VP Mod Conserv, Cl 2			VP Mod Conserv, Cl 4			VP Ptnrs Sm Cap Val, Cl 3
Operations
Investment income (loss) — net	$	(36,421,412	)	$	(27,771,935	)	$	(13,827,661	)	$	(16,700,512	)	$	(754,272	)
Net realized gain (loss) on sales of investments		135,403,815			276,378,436			44,038,299			106,849,050			8,985,046
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		420,555,680			177,741,940			84,075,992			58,070,445			(3,337,237	)
Net increase (decrease) in net assets resulting from operations		519,538,083			426,348,441			114,286,630			148,218,983			4,893,537

Contract transactions
Contract purchase payments		100,417,983			20,783,369			33,457,145			3,617,324			677,494
Net transfers⁽¹⁾		(147,879,158	)		(96,694,106	)		(23,630,453	)		(59,870,846	)		(3,981,061	)
Transfers for policy loans		60,977			321,642			(65,368	)		78,186			10,635
Adjustments to net assets allocated to contracts in payment period		(272,504	)		—			216,341			—			(45,965	)
Contract charges		(29,119,676	)		(15,650,699	)		(8,525,214	)		(9,801,474	)		(171,309	)
Contract terminations:
Surrender benefits		(215,410,616	)		(519,341,807	)		(107,681,773	)		(229,165,290	)		(11,755,092	)
Death benefits		(20,376,846	)		(14,450,428	)		(26,210,935	)		(37,276,945	)		(1,200,014	)
Increase (decrease) from contract transactions		(312,579,840	)		(625,032,029	)		(132,440,257	)		(332,419,045	)		(16,465,312	)
Net assets at beginning of year		3,592,456,308			3,098,934,815			1,362,169,282			1,841,116,783			95,186,872
Net assets at end of year	$	3,799,414,551		$	2,900,251,227		$	1,344,015,655		$	1,656,916,721		$	83,615,097

Accumulation unit activity
Units outstanding at beginning of year		2,427,281,503			2,083,793,563			1,050,146,080			1,410,423,668			32,428,336
Contract purchase payments		63,324,769			13,067,627			24,773,118			2,657,596			233,012
Net transfers⁽¹⁾		(92,342,014	)		(59,587,007	)		(18,345,938	)		(44,821,660	)		(1,344,424	)
Transfers for policy loans		40,492			195,271			(47,443	)		55,605			2,710
Contract charges		(18,292,346	)		(9,813,463	)		(6,265,248	)		(7,175,379	)		(59,611	)
Contract terminations:
Surrender benefits		(134,963,664	)		(324,167,954	)		(79,238,515	)		(167,603,585	)		(4,019,925	)
Death benefits		(12,878,910	)		(9,056,195	)		(19,452,557	)		(27,467,359	)		(418,958	)
Units outstanding at end of year		2,232,169,830			1,694,431,842			951,569,497			1,166,068,886			26,821,140

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



66		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	VP US Flex Conserv Gro, Cl 2			VP US Flex Gro, Cl 2			VP US Flex Mod Gro, Cl 2			Wanger Intl			Wanger USA
Operations
Investment income (loss) — net	$	(462,999	)	$	(6,419,799	)	$	(4,207,969	)	$	652,429		$	(2,390,355	)
Net realized gain (loss) on sales of investments		210,993			686,105			440,974			428,754			(3,861,196	)
Distributions from capital gains		—			—			—			1,570,107			43,204,100
Net change in unrealized appreciation or depreciation of investments		4,731,503			104,259,251			56,977,768			55,937,162			9,138,192
Net increase (decrease) in net assets resulting from operations		4,479,497			98,525,557			53,210,773			58,588,452			46,090,741

Contract transactions
Contract purchase payments		39,509,876			357,924,490			344,388,593			2,308,777			2,519,013
Net transfers⁽¹⁾		26,078,544			350,812,208			203,128,357			(424,459	)		(9,553,807	)
Transfers for policy loans		—			—			(5,729	)		34,526			33,359
Adjustments to net assets allocated to contracts in payment period		47,681			—			—			(12,421	)		111,981
Contract charges		(340,440	)		(5,802,686	)		(2,970,070	)		(205,985	)		(227,222	)
Contract terminations:
Surrender benefits		(508,020	)		(9,960,823	)		(5,420,735	)		(29,638,419	)		(36,342,053	)
Death benefits		(174,574	)		(1,365,338	)		(592,637	)		(2,097,518	)		(2,750,748	)
Increase (decrease) from contract transactions		64,613,067			691,607,851			538,527,779			(30,035,499	)		(46,209,477	)
Net assets at beginning of year		7,994,128			158,048,008			84,177,756			195,757,797			269,942,381
Net assets at end of year	$	77,086,692		$	948,181,416		$	675,916,308		$	224,310,750		$	269,823,645

Accumulation unit activity
Units outstanding at beginning of year		7,951,208			152,951,962			82,581,064			78,620,062			87,712,344
Contract purchase payments		37,314,339			320,581,913			316,255,583			875,122			804,804
Net transfers⁽¹⁾		24,975,197			324,017,414			190,877,793			127,498			(2,724,170	)
Transfers for policy loans		—			—			(5,364	)		12,869			8,262
Contract charges		(317,186	)		(5,109,192	)		(2,684,744	)		(69,855	)		(67,617	)
Contract terminations:
Surrender benefits		(476,035	)		(8,732,375	)		(4,906,280	)		(10,307,265	)		(11,012,704	)
Death benefits		(161,156	)		(1,206,428	)		(542,809	)		(694,567	)		(821,305	)
Units outstanding at end of year		69,286,367			782,503,294			581,575,243			68,563,864			73,899,614

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			67

Statements of Changes in Net Assets


Year ended December 31, 2017 (continued)	WF VT Index Asset Alloc, Cl 2			WF VT Intl Eq, Cl 2			WF VT Opp, Cl 2			WF VT Sm Cap Gro, Cl 2			WA Var Global Hi Yd Bond, Cl II
Operations
Investment income (loss) — net	$	(28,941	)	$	719,296		$	(145,165	)	$	(642,858	)	$	402,341
Net realized gain (loss) on sales of investments		1,462,825			332,472			2,482,109			1,484,690			(27,467	)
Distributions from capital gains		1,167,079			—			4,571,678			1,960,096			—
Net change in unrealized appreciation or depreciation of investments		378,042			6,786,554			3,001,183			11,732,621			174,362
Net increase (decrease) in net assets resulting from operations		2,979,005			7,838,322			9,909,805			14,534,549			549,236

Contract transactions
Contract purchase payments		203,158			383,608			1,081,622			3,359,610			1,257,088
Net transfers⁽¹⁾		(457,828	)		2,972,345			(2,942,555	)		(935,481	)		2,845,145
Transfers for policy loans		428			(14,368	)		21,452			2,718			389
Adjustments to net assets allocated to contracts in payment period		(41,924	)		(8,947	)		(22,134	)		41,188			(1,000	)
Contract charges		(20,784	)		(46,590	)		(34,583	)		(32,647	)		(3,240	)
Contract terminations:
Surrender benefits		(2,814,632	)		(4,914,788	)		(4,980,811	)		(8,123,116	)		(613,308	)
Death benefits		(415,250	)		(224,791	)		(1,182,257	)		(552,250	)		(124,850	)
Increase (decrease) from contract transactions		(3,546,832	)		(1,853,531	)		(8,059,266	)		(6,239,978	)		3,360,224
Net assets at beginning of year		27,911,161			34,690,366			54,889,199			61,652,222			6,314,881
Net assets at end of year	$	27,343,334		$	40,675,157		$	56,739,738		$	69,946,793		$	10,224,341

Accumulation unit activity
Units outstanding at beginning of year		12,592,825			24,730,172			23,574,839			28,340,785			6,019,417
Contract purchase payments		87,635			251,571			443,470			1,366,095			1,144,041
Net transfers⁽¹⁾		(189,475	)		1,929,209			(1,108,789	)		(355,497	)		2,587,542
Transfers for policy loans		42			(9,448	)		8,316			1,016			351
Contract charges		(9,101	)		(31,944	)		(13,428	)		(13,172	)		(2,944	)
Contract terminations:
Surrender benefits		(1,231,107	)		(3,124,221	)		(1,933,965	)		(3,287,854	)		(554,882	)
Death benefits		(184,186	)		(144,517	)		(483,485	)		(227,769	)		(114,197	)
Units outstanding at end of year		11,066,633			23,600,822			20,486,958			25,823,604			9,079,328

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life’s fixed account.

See accompanying notes to financial statements.



68		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

Notes to Financial Statements

1. ORGANIZATION

RiverSource Variable Account 10 (the Account) was established under Minnesota law as a segregated asset account of RiverSource Life Insurance Company (RiverSource Life). The Account is registered as a unit investment trust under the Investment Company Act of 1940, as amended (the 1940 Act) and exists in accordance with the rules and regulations of the Insurance Division, Department of Commerce of the State of Minnesota.

The Account is used as a funding vehicle for RiverSource^® Retirement Advisor Advantage Variable Annuity – Band 3 (RAVA Advantage Band 3) contracts issued by RiverSource Life.

The Account is comprised of various divisions. Each division invests exclusively in shares of the following funds or portfolios (collectively, the Funds), which are registered under the 1940 Act as open-end management investment companies. The name of each Fund offered through RAVA Advantage Band 3 contracts and the corresponding division name are provided below. There are various other divisions offered in the Account that are not available under RAVA Advantage Band 3 contracts. Each division is comprised of subaccounts. Individual variable annuity accounts invest in subaccounts. For each division, the financial statements are comprised of a statement of assets and liabilities as of December 31, 2018, a related statement of operations for the year then ended and statements of changes in net assets for each of the two years in the period then ended, all presented to reflect a full twelve month period except as noted below. These financial statements are of the Divisions of the Account offered through RAVA Advantage Band 3.


Division		Fund
AB VPS Dyn Asset Alloc, Cl B		AB VPS Dynamic Asset Allocation Portfolio (Class B)
AB VPS Global Thematic Gro, Cl B		AB VPS Global Thematic Growth Portfolio (Class B)
AB VPS Gro & Inc, Cl B		AB VPS Growth and Income Portfolio (Class B)
AB VPS Intl Val, Cl B		AB VPS International Value Portfolio (Class B)
ALPS Alerian Engy Infr, Class III		ALPS/Alerian Energy Infrastructure Portfolio: Class III
AC VP Intl, Cl II		American Century VP International, Class II
AC VP Mid Cap Val, Cl II		American Century VP Mid Cap Value, Class II
AC VP Ultra, Cl II		American Century VP Ultra^®, Class II
AC VP Val, Cl II		American Century VP Value, Class II
BlackRock Global Alloc, Cl III		BlackRock Global Allocation V.I. Fund (Class III)
Calvert VP SRI Bal, Cl I		Calvert VP SRI Balanced Portfolio – Class I
Col VP Bal, Cl 3		Columbia Variable Portfolio – Balanced Fund (Class 3)
Col VP Commodity Strategy, Cl 2		Columbia Variable Portfolio – Commodity Strategy Fund (Class 2)
Col VP Contrarian Core, Cl 2		Columbia Variable Portfolio – Contrarian Core Fund (Class 2)
Col VP Disciplined Core, Cl 3		Columbia Variable Portfolio – Disciplined Core Fund (Class 3)
Col VP Div Abs Return, Cl 2		Columbia Variable Portfolio – Diversified Absolute Return Fund (Class 2)
Col VP Divd Opp, Cl 3		Columbia Variable Portfolio – Dividend Opportunity Fund (Class 3)
Col VP Emerg Mkts Bond, Cl 2		Columbia Variable Portfolio – Emerging Markets Bond Fund (Class 2)
Col VP Emer Mkts, Cl 3		Columbia Variable Portfolio – Emerging Markets Fund (Class 3)
Col VP Global Strategic Inc, Cl 3		Columbia Variable Portfolio – Global Strategic Income Fund (Class 3) (previously Columbia Variable Portfolio – Global Bond Fund (Class 3))
Col VP Govt Money Mkt, Cl 3		Columbia Variable Portfolio – Government Money Market Fund (Class 3)
Col VP Hi Yield Bond, Cl 3		Columbia Variable Portfolio – High Yield Bond Fund (Class 3)
Col VP Inc Opp, Cl 3		Columbia Variable Portfolio – Income Opportunities Fund (Class 3)
Col VP Inter Bond, Cl 3		Columbia Variable Portfolio – Intermediate Bond Fund (Class 3)
Col VP Lg Cap Gro, Cl 3		Columbia Variable Portfolio – Large Cap Growth Fund (Class 3)
Col VP Lg Cap Index, Cl 3		Columbia Variable Portfolio – Large Cap Index Fund (Class 3)
Col VP Limited Duration Cr, Cl 2		Columbia Variable Portfolio – Limited Duration Credit Fund (Class 2)
Col VP Long Govt/Cr Bond, Cl 2		Columbia Variable Portfolio – Long Government/Credit Bond Fund (Class 2)
Col VP Mid Cap Gro, Cl 3		Columbia Variable Portfolio – Mid Cap Growth Fund (Class 3)
Col VP Mid Cap Val, Cl 3		Columbia Variable Portfolio – Mid Cap Value Fund (Class 3) (effective on or about May 1, 2019, this Fund will be renamed to Columbia Variable Portfolio – Select Mid Cap Value Fund (Class 3))
Col VP Overseas Core, Cl 3		Columbia Variable Portfolio – Overseas Core Fund (Class 3)
Col VP Select Lg Cap Val, Cl 3		Columbia Variable Portfolio – Select Large-Cap Value Fund (Class 3) (effective on or about May 1, 2019, this Fund will be renamed to Columbia Variable Portfolio – Select Large Cap Value Fund (Class 3))
Col VP Select Sm Cap Val, Cl 3		Columbia Variable Portfolio – Select Smaller-Cap Value Fund (Class 3) (effective on or about May 1, 2019, this Fund will be renamed to Columbia Variable Portfolio – Select Small Cap Value Fund (Class 3))
Col VP US Govt Mtge, Cl 3		Columbia Variable Portfolio – U.S. Government Mortgage Fund (Class 3)



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			69


Division		Fund
CS Commodity Return		Credit Suisse Trust – Commodity Return Strategy Portfolio
CTIVP AQR Man Fut Strategy, Cl 2		CTIVP^® – AQR Managed Futures Strategy Fund (Class 2)
CTIVP BR Gl Infl Prot Sec, Cl 3		CTIVP^® – BlackRock Global Inflation-Protected Securities Fund (Class 3)
CTIVP Lazard Intl Eq Adv, Cl 2		CTIVP^® – Lazard International Equity Advantage Fund (Class 2)
CTIVP Loomis Sayles Gro, Cl 1		CTIVP^® – Loomis Sayles Growth Fund (Class 1)
CTIVP MFS Blend Res Core Eq, Cl 3		CTIVP^® – MFS^® Blended Research^® Core Equity Fund (Class 3)
CTIVP Vty Sycamore Estb Val, Cl 3		CTIVP^® – Victory Sycamore Established Value Fund (Class 3)
CTIVP WF Short Duration Govt, Cl 2		CTIVP^® – Wells Fargo Short Duration Government Fund (Class 2)
DWS Alt Asset Alloc VIP, Cl B		DWS Alternative Asset Allocation VIP, Class B (previously Deutsche Alternative Asset Allocation VIP, Class B)
EV VT Floating-Rate Inc, Init Cl		Eaton Vance VT Floating-Rate Income Fund – Initial Class
Fid VIP Contrafund, Serv Cl 2		Fidelity^® VIP Contrafund^® Portfolio Service Class 2
Fid VIP Gro & Inc, Serv Cl 2		Fidelity^® VIP Growth & Income Portfolio Service Class 2
Fid VIP Mid Cap, Serv Cl 2		Fidelity^® VIP Mid Cap Portfolio Service Class 2
Fid VIP Overseas, Serv Cl 2		Fidelity^® VIP Overseas Portfolio Service Class 2
Fid VIP Strategic Inc, Serv Cl 2		Fidelity^® VIP Strategic Income Portfolio Service Class 2
Frank Global Real Est, Cl 2		Franklin Global Real Estate VIP Fund – Class 2
Frank Inc, Cl 2		Franklin Income VIP Fund – Class 2
Frank Mutual Shares, Cl 2		Franklin Mutual Shares VIP Fund – Class 2
Frank Sm Cap Val, Cl 2		Franklin Small Cap Value VIP Fund – Class 2
GS VIT Mid Cap Val, Inst		Goldman Sachs VIT Mid Cap Value Fund – Institutional Shares
GS VIT Multi-Strategy Alt, Advisor		Goldman Sachs VIT Multi-Strategy Alternatives Portfolio – Advisor Shares
GS VIT U.S. Eq Insights, Inst		Goldman Sachs VIT U.S. Equity Insights Fund – Institutional Shares
Invesco VI Am Fran, Ser II		Invesco V.I. American Franchise Fund, Series II Shares
Invesco VI Bal Risk Alloc, Ser II		Invesco V.I. Balanced-Risk Allocation Fund, Series II Shares
Invesco VI Comstock, Ser II		Invesco V.I. Comstock Fund, Series II Shares
Invesco VI Div Divd, Ser I		Invesco V.I. Diversified Dividend Fund, Series I Shares
Invesco VI Hlth, Ser II		Invesco V.I. Health Care Fund, Series II Shares
Invesco VI Intl Gro, Ser II		Invesco V.I. International Growth Fund, Series II Shares
Invesco VI Mid Cap Gro, Ser I		Invesco V.I. Mid Cap Growth Fund, Series I Shares
Invesco VI Tech, Ser I		Invesco V.I. Technology Fund, Series I Shares
Ivy VIP Asset Strategy		Ivy VIP Asset Strategy, Class II
Janus Henderson VIT Bal, Serv		Janus Henderson VIT Balanced Portfolio: Service Shares^(1),(2)
Janus Henderson VIT Flex Bd, Serv		Janus Henderson VIT Flexible Bond Portfolio: Service Shares
Janus Henderson VIT Gbl Tech, Serv		Janus Henderson VIT Global Technology Portfolio: Service Shares
Janus Henderson VIT Overseas, Serv		Janus Henderson VIT Overseas Portfolio: Service Shares
Janus Henderson VIT Res, Serv		Janus Henderson VIT Research Portfolio: Service Shares
Lazard Ret Global Dyn MA, Serv		Lazard Retirement Global Dynamic Multi-Asset Portfolio – Service Shares
MFS Mass Inv Gro Stock, Serv Cl		MFS^® Massachusetts Investors Growth Stock Portfolio – Service Class
MFS New Dis, Serv Cl		MFS^® New Discovery Series – Service Class
MFS Utilities, Serv Cl		MFS^® Utilities Series – Service Class
MS VIF Global Real Est, Cl II		Morgan Stanley VIF Global Real Estate Portfolio, Class II Shares
MS VIF Mid Cap Gro, Cl II		Morgan Stanley VIF Mid Cap Growth Portfolio, Class II Shares (effective on or about April 30, 2019, this Fund will be renamed to Morgan Stanley VIF Discovery Portfolio, Class II Shares)
NB AMT Intl Eq, Cl S		Neuberger Berman AMT International Equity Portfolio (Class S)
NB AMT US Eq Index PW Strat, Cl S		Neuberger Berman AMT U.S. Equity Index PutWrite Strategy Portfolio (Class S)
Oppen Global VA, Serv		Oppenheimer Global Fund/VA, Service Shares⁽³⁾
Oppen Global Strategic Inc VA, Srv		Oppenheimer Global Strategic Income Fund/VA, Service Shares⁽⁴⁾
Oppen Main St Sm Cap VA, Serv		Oppenheimer Main Street Small Cap Fund^®/VA, Service Shares⁽⁵⁾
PIMCO VIT All Asset, Advisor Cl		PIMCO VIT All Asset Portfolio, Advisor Class
PIMCO VIT Glb MA Man Alloc, Adv Cl		PIMCO VIT Global Multi-Asset Managed Allocation Portfolio, Advisor Class
PIMCO VIT Tot Return, Advisor Cl		PIMCO VIT Total Return Portfolio, Advisor Class
Put VT Global Hlth Care, Cl IB		Putnam VT Global Health Care Fund – Class IB Shares
Put VT Intl Eq, Cl IB		Putnam VT International Equity Fund – Class IB Shares
Put VT Sus Leaders, Cl IB		Putnam VT Sustainable Leaders Fund – Class IB Shares
Temp Global Bond, Cl 2		Templeton Global Bond VIP Fund – Class 2
VanEck VIP Global Gold, Cl S		VanEck VIP Global Gold Fund (Class S Shares)
VP Aggr, Cl 2		Variable Portfolio – Aggressive Portfolio (Class 2)
VP Aggr, Cl 4		Variable Portfolio – Aggressive Portfolio (Class 4)
VP Conserv, Cl 2		Variable Portfolio – Conservative Portfolio (Class 2)
VP Conserv, Cl 4		Variable Portfolio – Conservative Portfolio (Class 4)
VP Man Risk, Cl 2		Variable Portfolio – Managed Risk Fund (Class 2)⁽⁶⁾
VP Man Risk US, Cl 2		Variable Portfolio – Managed Risk U.S. Fund (Class 2)⁽⁶⁾



70		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Division		Fund
VP Man Vol Conserv, Cl 2		Variable Portfolio – Managed Volatility Conservative Fund (Class 2)
VP Man Vol Conserv Gro, Cl 2		Variable Portfolio – Managed Volatility Conservative Growth Fund (Class 2)
VP Man Vol Gro, Cl 2		Variable Portfolio – Managed Volatility Growth Fund (Class 2)
VP Man Vol Mod Gro, Cl 2		Variable Portfolio – Managed Volatility Moderate Growth Fund (Class 2)
VP Mod, Cl 2		Variable Portfolio – Moderate Portfolio (Class 2)
VP Mod, Cl 4		Variable Portfolio – Moderate Portfolio (Class 4)
VP Mod Aggr, Cl 2		Variable Portfolio – Moderately Aggressive Portfolio (Class 2)
VP Mod Aggr, Cl 4		Variable Portfolio – Moderately Aggressive Portfolio (Class 4)
VP Mod Conserv, Cl 2		Variable Portfolio – Moderately Conservative Portfolio (Class 2)
VP Mod Conserv, Cl 4		Variable Portfolio – Moderately Conservative Portfolio (Class 4)
VP Ptnrs Sm Cap Val, Cl 3		Variable Portfolio – Partners Small Cap Value Fund (Class 3)
VP US Flex Conserv Gro, Cl 2		Variable Portfolio – U.S. Flexible Conservative Growth Fund (Class 2)⁽⁷⁾
VP US Flex Gro, Cl 2		Variable Portfolio – U.S. Flexible Growth Fund (Class 2)⁽⁷⁾
VP US Flex Mod Gro, Cl 2		Variable Portfolio – U.S. Flexible Moderate Growth Fund (Class 2)⁽⁷⁾
Wanger Intl		Wanger International
Wanger USA		Wanger USA
WF VT Index Asset Alloc, Cl 2		Wells Fargo VT Index Asset Allocation Fund – Class 2
WF VT Intl Eq, Cl 2		Wells Fargo VT International Equity Fund – Class 2
WF VT Opp, Cl 2		Wells Fargo VT Opportunity Fund – Class 2
WF VT Sm Cap Gro, Cl 2		Wells Fargo VT Small Cap Growth Fund – Class 2
WA Var Global Hi Yd Bond, Cl II		Western Asset Variable Global High Yield Bond Portfolio – Class II

⁽¹⁾	Janus Henderson Global Allocation Portfolio – Moderate: Service Shares merged into Janus Henderson VIT Balanced Portfolio: Service Shares on April 27, 2018.

⁽²⁾	For the period April 27, 2018 (commencement of operations) to December 31, 2018.

⁽³⁾	Oppenheimer Global Fund/VA, Service Shares is scheduled to merge into Invesco Oppenheimer V.I. Global Fund, Series II Shares on or about May 24, 2019.

⁽⁴⁾	Oppenheimer Global Strategic Income Fund/VA, Service Shares is scheduled to merge into Invesco Oppenheimer V.I. Global Strategic Income Fund, Series II Shares on or about May 24, 2019.

⁽⁵⁾	Oppenheimer Main Street Small Cap Fund^®/VA, Service Shares is scheduled to merge into Invesco Oppenheimer V.I. Main Street Small Cap Fund, Series II Shares on or about May 24, 2019.

⁽⁶⁾	For the period September 18, 2017 (commencement of operations) to December 31, 2017.

⁽⁷⁾	Effective September 18, 2017, the Fund option became available under RAVA Advantage Band 3.

The assets of each division of the Account are not chargeable with liabilities arising out of the business conducted by any other segregated asset account or by RiverSource Life.

RiverSource Life serves as issuer of the contract.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Investments in the Funds

Investment transactions are accounted for on the date the shares are purchased and sold. Realized gains and losses on the sales of investments are computed using the average cost method. Income from dividends and gains from realized capital gain distributions are reinvested in additional shares of the Funds and are recorded as income by the divisions on the ex-dividend date.

Unrealized appreciation or depreciation of investments in the accompanying financial statements represents the division’s share of the Funds’ undistributed net investment income, undistributed realized gain or loss and the unrealized appreciation or depreciation on their investment securities.

The Account categorizes its fair value measurements according to a three-level hierarchy. This hierarchy prioritizes the inputs used by the Account to value investment securities. A level is assigned to each fair value measurement based on the lowest level input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are defined as follows:

Level 1 – Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date.

Level 2 – Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities.

Level 3 – Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

The Funds in the Accounts have been measured at fair value using the net asset value per share (or its equivalent) as a practical expedient and are therefore not categorized in the fair value hierarchy. There were no transfers between levels in the period ended December 31, 2018.



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			71

Variable Payout

Net assets allocated to contracts in the payout period are periodically compared to a computation which uses the Annuity 2000 Basic Mortality Table and which assumes future mortality improvement. The assumed investment return is 3.5% or 5% based on the annuitant’s election, or as regulated by the laws of the respective states. The mortality risk is fully borne by RiverSource Life and may result in additional amounts being transferred into the variable annuity account by RiverSource Life to cover greater longevity of annuitants than expected. Conversely, if amounts allocated exceed amounts required, transfers may be made to the insurance company.

Federal Income Taxes

RiverSource Life is taxed as a life insurance company. The Account is treated as part of RiverSource Life for federal income tax purposes. Under existing federal income tax law, no income taxes are payable with respect to any investment income of the Account to the extent the earnings are credited under the contracts. Based on this, no charge is being made currently to the Account for federal income taxes. RiverSource Life will review periodically the status of this policy. In the event of changes in the tax law, a charge may be made in future years for any federal income taxes that would be attributable to the contracts.

Subsequent Events

Management has evaluated Account related events and transactions that occurred through the date the financial statements were issued. Management noted there were no items requiring adjustments or additional disclosures in the Account’s financial statements.

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements. Actual results could differ from those estimates.

Recent Accounting Pronouncement

Accounting Standards Update 2018-13 Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement

In August 2018, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2018-13 Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. ASU No. 2018-13, in addition to other modifications and additions, removes the requirement to disclose the amount and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy and the policy for the timing of transfers between levels. The standard is effective for annual periods beginning after December 15, 2019 and interim periods within those fiscal years. At this time, management is evaluating the implication of this guidance and the impact it will have on the financial statement disclosures, if any.

3. VARIABLE ACCOUNT EXPENSES

For RAVA Advantage Band 3 contracts, RiverSource Life deducts a daily mortality and expense risk fee equal, on an annual basis, to 0.55% of the average daily net assets of each subaccount. The financial statements include other subaccounts that are not offered through RAVA Advantage Band 3 contracts.

4. CONTRACT CHARGES

RiverSource Life deducts a contract administrative charge of $30 per year on the contract anniversary. This charge reimburses RiverSource Life for expenses incurred in establishing and maintaining the annuity records. Certain products may waive this charge based upon the underlying contract value.

Optional riders are available on this product and if selected, the related fees are deducted annually from the contract value on the contract anniversary. Additional information can be found in the product prospectus.

5. SURRENDER CHARGES

There is no charge if you surrender all or part of your contract during the accumulation phase.

6. RELATED PARTY TRANSACTIONS

RiverSource Life is a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial).



72		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

The following table reflects fees paid by certain affiliated funds to Ameriprise Financial and its affiliates. Additional details about these asset based charges can be found in the respective Fund’s annual report or prospectus.


Fee Agreement:		Fees Paid To:
Management Agreement		Columbia Management Investment Advisers, LLC
Shareholder Services Agreement		Columbia Management Investment Services Corp.
Plan and Agreement of Distribution		Columbia Management Investment Distributors, Inc.
Investment Advisory Agreement		Columbia Wanger Asset Management, LLC
Administrative Services Agreement		Columbia Wanger Asset Management, LLC

7. INVESTMENT TRANSACTIONS

The divisions’ purchases of Funds’ shares, including reinvestment of dividend distributions, for the year ended December 31, 2018 were as follows:


Division	Purchases
AB VPS Dyn Asset Alloc, Cl B	$	3,222,681
AB VPS Global Thematic Gro, Cl B		1,036,792
AB VPS Gro & Inc, Cl B		14,633,917
AB VPS Intl Val, Cl B		4,855,248
ALPS Alerian Engy Infr, Class III		4,658,820
AC VP Intl, Cl II		3,830,355
AC VP Mid Cap Val, Cl II		10,198,562
AC VP Ultra, Cl II		11,828,517
AC VP Val, Cl II		10,272,851
BlackRock Global Alloc, Cl III		12,263,380
Calvert VP SRI Bal, Cl I		2,991,164
Col VP Bal, Cl 3		37,574,134
Col VP Commodity Strategy, Cl 2		1,814,805
Col VP Contrarian Core, Cl 2		9,839,517
Col VP Disciplined Core, Cl 3		4,215,723
Col VP Div Abs Return, Cl 2		766,033
Col VP Divd Opp, Cl 3		2,261,928
Col VP Emerg Mkts Bond, Cl 2		5,990,465
Col VP Emer Mkts, Cl 3		7,545,618
Col VP Global Strategic Inc, Cl 3		5,656,315
Col VP Govt Money Mkt, Cl 3		37,774,863
Col VP Hi Yield Bond, Cl 3		14,505,158
Col VP Inc Opp, Cl 3		8,786,844
Col VP Inter Bond, Cl 3		15,678,004
Col VP Lg Cap Gro, Cl 3		4,723,452
Col VP Lg Cap Index, Cl 3		47,456,324
Col VP Limited Duration Cr, Cl 2		15,933,172
Col VP Long Govt/Cr Bond, Cl 2		4,021,178
Col VP Mid Cap Gro, Cl 3		2,716,733
Col VP Mid Cap Val, Cl 3		924,095
Col VP Overseas Core, Cl 3		3,594,358
Col VP Select Lg Cap Val, Cl 3		7,030,008
Col VP Select Sm Cap Val, Cl 3		1,346,087
Col VP US Govt Mtge, Cl 3		4,544,773
CS Commodity Return		1,641,292
CTIVP AQR Man Fut Strategy, Cl 2		1,523,006
CTIVP BR Gl Infl Prot Sec, Cl 3		6,932,520
CTIVP Lazard Intl Eq Adv, Cl 2		6,986,511
CTIVP Loomis Sayles Gro, Cl 1		4,279,043
CTIVP MFS Blend Res Core Eq, Cl 3		544,665
CTIVP Vty Sycamore Estb Val, Cl 3		7,015,455
CTIVP WF Short Duration Govt, Cl 2		10,761,441
DWS Alt Asset Alloc VIP, Cl B		1,965,338
EV VT Floating-Rate Inc, Init Cl		24,473,876
Fid VIP Contrafund, Serv Cl 2		65,333,284
Fid VIP Gro & Inc, Serv Cl 2		6,895,574
Fid VIP Mid Cap, Serv Cl 2		48,980,575
Fid VIP Overseas, Serv Cl 2		3,128,185
Fid VIP Strategic Inc, Serv Cl 2		36,938,729


Division	Purchases
Frank Global Real Est, Cl 2	$	3,008,572
Frank Inc, Cl 2		10,821,881
Frank Mutual Shares, Cl 2		8,321,874
Frank Sm Cap Val, Cl 2		26,942,331
GS VIT Mid Cap Val, Inst		17,481,123
GS VIT Multi-Strategy Alt, Advisor		2,022,426
GS VIT U.S. Eq Insights, Inst		24,626,900
Invesco VI Am Fran, Ser II		5,866,377
Invesco VI Bal Risk Alloc, Ser II		9,323,679
Invesco VI Comstock, Ser II		17,135,210
Invesco VI Div Divd, Ser I		2,546,009
Invesco VI Hlth, Ser II		9,842,844
Invesco VI Intl Gro, Ser II		4,006,932
Invesco VI Mid Cap Gro, Ser I		2,649,287
Invesco VI Tech, Ser I		4,007,830
Ivy VIP Asset Strategy		3,891,230
Janus Henderson VIT Bal, Serv		34,683,358
Janus Henderson VIT Flex Bd, Serv		7,632,813
Janus Henderson VIT Gbl Tech, Serv		2,979,114
Janus Henderson VIT Overseas, Serv		770,747
Janus Henderson VIT Res, Serv		7,419,581
Lazard Ret Global Dyn MA, Serv		8,785,755
MFS Mass Inv Gro Stock, Serv Cl		6,128,095
MFS New Dis, Serv Cl		5,906,919
MFS Utilities, Serv Cl		6,755,560
MS VIF Global Real Est, Cl II		1,700,612
MS VIF Mid Cap Gro, Cl II		22,315,782
NB AMT Intl Eq, Cl S		1,200,659
NB AMT US Eq Index PW Strat, Cl S		1,547,836
Oppen Global VA, Serv		30,673,239
Oppen Global Strategic Inc VA, Srv		18,363,665
Oppen Main St Sm Cap VA, Serv		21,866,639
PIMCO VIT All Asset, Advisor Cl		4,726,974
PIMCO VIT Glb MA Man Alloc, Adv Cl		1,290,224
PIMCO VIT Tot Return, Advisor Cl		10,017,628
Put VT Global Hlth Care, Cl IB		5,705,802
Put VT Intl Eq, Cl IB		951,046
Put VT Sus Leaders, Cl IB		5,433,887
Temp Global Bond, Cl 2		14,558,254
VanEck VIP Global Gold, Cl S		5,284,173
VP Aggr, Cl 2		65,434,276
VP Aggr, Cl 4		15,161,508
VP Conserv, Cl 2		46,452,610
VP Conserv, Cl 4		33,661,809
VP Man Risk, Cl 2		82,434,646
VP Man Risk US, Cl 2		65,768,143
VP Man Vol Conserv, Cl 2		81,810,353
VP Man Vol Conserv Gro, Cl 2		86,338,629



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			73


Division	Purchases
VP Man Vol Gro, Cl 2	$	927,465,787
VP Man Vol Mod Gro, Cl 2		518,866,393
VP Mod, Cl 2		147,062,170
VP Mod, Cl 4		11,949,379
VP Mod Aggr, Cl 2		88,973,628
VP Mod Aggr, Cl 4		16,115,450
VP Mod Conserv, Cl 2		60,273,708
VP Mod Conserv, Cl 4		15,591,444
VP Ptnrs Sm Cap Val, Cl 3		1,338,680
VP US Flex Conserv Gro, Cl 2		67,691,944


Division	Purchases
VP US Flex Gro, Cl 2	$	766,263,562
VP US Flex Mod Gro, Cl 2		454,103,305
Wanger Intl		33,001,065
Wanger USA		66,561,074
WF VT Index Asset Alloc, Cl 2		2,221,135
WF VT Intl Eq, Cl 2		16,142,427
WF VT Opp, Cl 2		6,696,339
WF VT Sm Cap Gro, Cl 2		24,550,913
WA Var Global Hi Yd Bond, Cl II		3,169,651

8. ACCUMULATION UNIT VALUES, UNITS OUTSTANDING AND NET ASSETS

The following is a summary of accumulation unit values at December 31, 2018:


Subaccount	AB VPS Dyn Asset Alloc, Cl B		AB VPS Global Thematic Gro, Cl B		AB VPS Gro & Inc, Cl B		AB VPS Intl Val, Cl B		ALPS Alerian Engy Infr, Class III
0.55%	$	1.17	$	1.71	$	2.39	$	1.70	$	0.82
0.60%		1.17		—		—		—		0.81
0.75%		1.16		1.66		2.31		1.65		0.81
0.85%		1.15		1.66		2.06		0.80		0.80
0.95%		1.15		1.62		2.23		1.59		0.80
1.00%		1.14		1.61		2.41		1.64		0.80
1.05%		1.14		1.62		2.01		0.78		0.79
1.10%		1.14		1.61		2.00		0.78		0.79
1.15%		1.13		—		—		—		0.79
1.20%		1.13		1.57		2.33		1.59		0.79
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		1.13		1.58		1.96		0.76		0.78
1.30%		1.12		1.57		1.95		0.76		0.78
1.35%		1.12		—		—		—		0.78
1.40%		1.12		—		—		—		0.78
1.45%		1.11		1.54		1.91		0.74		0.78
1.50%		1.11		—		—		—		0.77
1.55%		1.11		—		—		—		0.77
1.60%		1.10		—		—		—		0.77
1.65%		1.10		—		—		—		0.77
1.70%		1.10		—		—		—		0.76
1.75%		1.09		—		—		—		0.76
1.80%		1.09		—		—		—		0.76
1.85%		1.09		—		—		—		0.76
1.90%		1.08		—		—		—		0.76



74		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	AC VP Intl, Cl II		AC VP Mid Cap Val, Cl II		AC VP Ultra, Cl II		AC VP Val, Cl II		BlackRock Global Alloc, Cl III
0.55%	$	1.72	$	2.02	$	2.60	$	2.75	$	1.26
0.60%		—		—		—		1.68		1.25
0.75%		1.66		1.98		2.53		2.66		1.24
0.85%		—		2.43		2.62		1.92		1.23
0.95%		1.61		1.93		2.46		2.56		1.22
1.00%		1.85		1.92		2.45		2.53		1.22
1.05%		—		2.37		2.55		1.87		1.22
1.10%		—		2.35		2.54		1.86		1.21
1.15%		—		—		—		1.64		1.21
1.20%		1.79		1.87		2.38		2.45		1.20
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		2.31		2.49		1.83		1.20
1.30%		—		2.29		2.47		1.82		1.20
1.35%		—		—		—		2.03		1.19
1.40%		—		—		—		2.02		1.19
1.45%		—		2.25		2.43		1.78		1.18
1.50%		—		—		—		1.60		1.18
1.55%		—		—		—		1.99		1.18
1.60%		—		—		—		1.99		1.17
1.65%		—		—		—		1.98		1.17
1.70%		—		—		—		1.97		1.16
1.75%		—		—		—		1.96		1.16
1.80%		—		—		—		1.95		1.16
1.85%		—		—		—		1.57		1.15
1.90%		—		—		—		1.56		1.15

Subaccount	Calvert VP SRI Bal, Cl I		Col VP Bal, Cl 3		Col VP Commodity Strategy, Cl 2		Col VP Contrarian Core, Cl 2		Col VP Disciplined Core, Cl 3
0.55%	$	1.81	$	2.13	$	0.53	$	1.64	$	1.89
0.60%		—		1.56		0.53		1.64		—
0.75%		1.74		2.04		0.52		1.62		1.82
0.85%		—		1.85		0.52		1.61		2.17
0.95%		1.68		1.97		0.52		1.60		1.75
1.00%		1.90		2.18		0.52		1.60		2.22
1.05%		—		1.81		0.52		1.59		2.11
1.10%		—		1.80		0.51		1.59		2.10
1.15%		—		1.51		0.51		1.59		—
1.20%		1.83		2.11		0.51		1.58		2.32
1.25%		—		—		—		—		—
1.25%		—		1.76		—		—		2.06
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		2.93		—		—		2.75
1.25%		—		—		0.51		1.58		—
1.30%		—		1.75		0.51		1.57		2.05
1.35%		—		1.87		0.51		1.57		—
1.40%		—		1.86		0.51		1.56		—
1.45%		—		1.72		0.50		1.56		2.01
1.50%		—		1.48		0.50		1.55		—
1.55%		—		1.84		0.50		1.55		—
1.60%		—		1.83		0.50		1.55		—
1.65%		—		1.82		0.50		1.54		—
1.70%		—		1.81		0.50		1.54		—
1.75%		—		1.81		0.50		1.53		—
1.80%		—		1.80		0.49		1.53		—
1.85%		—		1.44		0.49		1.52		—
1.90%		—		1.44		0.49		1.52		—



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			75


Subaccount	Col VP Div Abs Return, Cl 2		Col VP Divd Opp, Cl 3		Col VP Emerg Mkts Bond, Cl 2		Col VP Emer Mkts, Cl 3		Col VP Global Strategic Inc, Cl 3
0.55%	$	0.82	$	2.93	$	1.01	$	2.65	$	1.67
0.60%		0.82		—		1.01		—		—
0.75%		0.81		2.84		1.00		2.52		1.61
0.85%		0.81		1.75		1.00		1.63		1.16
0.95%		0.80		2.73		0.99		2.42		1.55
1.00%		0.80		2.76		0.99		3.22		1.50
1.05%		0.80		1.70		0.99		1.59		1.14
1.10%		0.80		1.69		0.98		1.58		1.13
1.15%		0.79		—		0.98		—		—
1.20%		0.79		2.65		0.98		3.11		1.45
1.25%		—		2.58		—		1.95		—
1.25%		—		1.66		—		1.55		1.11
1.25%		—		—		—		—		—
1.25%		—		—		—		—		1.62
1.25%		—		—		—		—		—
1.25%		0.79		—		0.97		—		—
1.30%		0.79		1.65		0.97		1.54		1.10
1.35%		0.78		—		0.97		—		—
1.40%		0.78		—		0.97		—		—
1.45%		0.78		1.62		0.96		1.51		1.08
1.50%		0.78		—		0.96		—		—
1.55%		0.77		—		0.96		—		—
1.60%		0.77		—		0.96		—		—
1.65%		0.77		—		0.95		—		—
1.70%		0.77		—		0.95		—		—
1.75%		0.77		—		0.95		—		—
1.80%		0.76		—		0.94		—		—
1.85%		0.76		—		0.94		—		—
1.90%		0.76		—		0.94		—		—

Subaccount	Col VP Govt Money Mkt, Cl 3		Col VP Hi Yield Bond, Cl 3		Col VP Inc Opp, Cl 3		Col VP Inter Bond, Cl 3		Col VP Lg Cap Gro, Cl 3
0.55%	$	1.20	$	2.64	$	2.15	$	2.00	$	1.48
0.60%		—		—		—		—		—
0.75%		1.16		2.54		2.09		1.93		1.44
0.85%		1.01		1.97		1.93		1.49		2.21
0.95%		1.11		2.45		2.03		1.85		1.39
1.00%		1.01		2.60		2.02		1.62		2.23
1.05%		0.98		1.92		1.88		1.45		2.15
1.10%		0.97		1.91		1.87		1.44		2.14
1.15%		—		—		—		—		—
1.20%		0.98		2.51		1.96		1.56		2.16
1.25%		—		—		—		—		—
1.25%		0.96		1.88		—		1.42		—
1.25%		—		—		—		—		—
1.25%		—		2.66		—		—		—
1.25%		1.19		—		—		1.97		—
1.25%		—		—		1.84		—		2.10
1.30%		0.95		1.86		1.83		1.41		2.09
1.35%		—		—		—		—		—
1.40%		—		—		—		—		—
1.45%		0.93		1.83		1.79		1.38		2.05
1.50%		—		—		—		—		—
1.55%		—		—		—		—		—
1.60%		—		—		—		—		—
1.65%		—		—		—		—		—
1.70%		—		—		—		—		—
1.75%		—		—		—		—		—
1.80%		—		—		—		—		—
1.85%		—		—		—		—		—
1.90%		—		—		—		—		—



76		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	Col VP Lg Cap Index, Cl 3		Col VP Limited Duration Cr, Cl 2		Col VP Long Govt/Cr Bond, Cl 2		Col VP Mid Cap Gro, Cl 3		Col VP Mid Cap Val, Cl 3
0.55%	$	2.05	$	0.97	$	1.05	$	2.53	$	2.39
0.60%		1.91		1.05		1.05		—		—
0.75%		1.98		0.96		1.04		2.41		2.32
0.85%		2.24		1.09		1.04		2.06		1.84
0.95%		1.91		1.08		1.03		2.32		2.26
1.00%		2.50		0.95		1.03		2.39		2.24
1.05%		2.19		1.07		1.02		2.01		1.79
1.10%		2.17		1.06		1.02		1.99		1.78
1.15%		1.85		1.02		1.02		—		—
1.20%		2.42		1.05		1.02		2.31		2.18
1.25%		—		—		—		—		—
1.25%		—		—		—		1.96		—
1.25%		—		—		—		1.78		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		2.13		1.05		1.01		—		1.75
1.30%		2.12		1.04		1.01		1.94		1.74
1.35%		2.40		1.04		1.01		—		—
1.40%		2.39		1.04		1.00		—		—
1.45%		2.08		1.03		1.00		1.91		1.71
1.50%		1.81		0.99		1.00		—		—
1.55%		2.36		1.02		1.00		—		—
1.60%		2.35		1.02		0.99		—		—
1.65%		2.34		1.01		0.99		—		—
1.70%		2.33		1.01		0.99		—		—
1.75%		2.32		1.01		0.98		—		—
1.80%		2.31		1.00		0.98		—		—
1.85%		1.77		0.97		0.98		—		—
1.90%		1.76		0.97		0.98		—		—

Subaccount	Col VP Overseas Core, 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
0.55%	$	1.25	$	2.50	$	3.19	$	1.55	$	0.47
0.60%		—		—		—		—		—
0.75%		1.21		2.42		3.08		1.49		0.46
0.85%		1.25		2.08		1.89		1.21		0.48
0.95%		1.16		2.35		2.97		1.43		0.45
1.00%		1.82		2.34		2.84		1.24		0.45
1.05%		1.22		2.02		1.84		1.18		0.47
1.10%		1.21		2.01		1.83		1.17		0.46
1.15%		—		—		—		—		—
1.20%		1.75		2.27		2.74		1.20		0.44
1.25%		—		—		—		—		—
1.25%		1.19		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		1.53		—		—		—		—
1.25%		—		1.97		1.80		1.15		0.45
1.30%		1.18		1.96		1.79		1.14		0.45
1.35%		—		—		—		—		—
1.40%		—		—		—		—		—
1.45%		1.16		1.92		1.75		1.12		0.44
1.50%		—		—		—		—		—
1.55%		—		—		—		—		—
1.60%		—		—		—		—		—
1.65%		—		—		—		—		—
1.70%		—		—		—		—		—
1.75%		—		—		—		—		—
1.80%		—		—		—		—		—
1.85%		—		—		—		—		—
1.90%		—		—		—		—		—



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			77


Subaccount	CTIVP AQR Man Fut Strategy, Cl 2		CTIVP BR Gl Infl Prot Sec, Cl 3		CTIVP Lazard Intl Eq Adv, Cl 2		CTIVP Loomis Sayles Gro, Cl 1		CTIVP MFS Blend Res Core Eq, Cl 3
0.55%	$	0.92	$	1.55	$	1.06	$	1.36	$	1.79
0.60%		0.92		—		1.06		—		—
0.75%		0.91		1.51		1.05		1.35		1.73
0.85%		0.90		1.46		1.04		1.35		1.76
0.95%		0.90		1.46		1.04		1.35		1.69
1.00%		0.89		1.45		1.03		1.35		1.68
1.05%		0.89		1.42		1.03		1.34		1.72
1.10%		0.89		1.41		1.03		1.34		1.71
1.15%		0.89		—		1.03		—		—
1.20%		0.88		1.41		1.02		1.34		1.63
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		0.88		1.39		1.02		1.34		1.67
1.30%		0.88		1.38		1.02		1.33		1.66
1.35%		0.88		—		1.01		—		—
1.40%		0.87		—		1.01		—		—
1.45%		0.87		1.35		1.01		1.33		1.63
1.50%		0.87		—		1.01		—		—
1.55%		0.87		—		1.00		—		—
1.60%		0.86		—		1.00		—		—
1.65%		0.86		—		1.00		—		—
1.70%		0.86		—		0.99		—		—
1.75%		0.86		—		0.99		—		—
1.80%		0.85		—		0.99		—		—
1.85%		0.85		—		0.98		—		—
1.90%		0.85		—		0.98		—		—

Subaccount	CTIVP Vty Sycamore Estb Val, Cl 3		CTIVP WF Short Duration Govt, Cl 2		DWS Alt Asset Alloc VIP, Cl B		EV VT Floating-Rate Inc, Init Cl		Fid VIP Contrafund, Serv Cl 2
0.55%	$	2.84	$	1.00	$	0.96	$	1.44	$	2.09
0.60%		—		1.00		0.96		—		1.76
0.75%		2.76		0.99		0.95		1.41		2.04
0.85%		2.33		1.00		0.94		1.39		2.14
0.95%		2.68		0.99		0.94		1.37		1.99
1.00%		2.66		0.98		0.93		1.36		1.97
1.05%		2.28		0.98		0.93		1.35		2.09
1.10%		2.26		0.98		0.93		1.34		2.07
1.15%		—		0.96		0.92		—		1.71
1.20%		2.58		0.97		0.92		1.33		1.92
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		2.22		0.97		0.92		1.32		2.04
1.30%		2.21		0.96		0.91		1.31		2.02
1.35%		—		0.96		0.91		—		2.19
1.40%		—		0.95		0.91		—		2.18
1.45%		2.16		0.95		0.90		1.29		1.99
1.50%		—		0.94		0.90		—		1.67
1.55%		—		0.94		0.90		—		2.15
1.60%		—		0.94		0.90		—		2.14
1.65%		—		0.93		0.89		—		2.13
1.70%		—		0.93		0.89		—		2.12
1.75%		—		0.93		0.89		—		2.11
1.80%		—		0.92		0.88		—		2.11
1.85%		—		0.91		0.88		—		1.63
1.90%		—		0.91		0.88		—		1.62



78		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	Fid VIP Gro & Inc, Serv Cl 2		Fid VIP Mid Cap, Serv Cl 2		Fid VIP Overseas, Serv Cl 2		Fid VIP Strategic Inc, Serv Cl 2		Frank Global Real Est, Cl 2
0.55%	$	2.38	$	4.06	$	1.86	$	1.10	$	2.96
0.60%		—		1.58		—		1.10		—
0.75%		2.30		3.92		1.80		1.09		2.85
0.85%		—		2.05		1.26		1.08		1.06
0.95%		2.22		3.79		1.74		1.07		2.74
1.00%		2.29		3.65		1.92		1.07		2.04
1.05%		—		2.00		1.23		1.07		1.04
1.10%		—		1.99		1.22		1.06		1.03
1.15%		—		1.54		—		1.06		—
1.20%		2.21		3.53		1.85		1.06		1.97
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		1.95		1.20		1.05		1.00
1.30%		—		1.94		1.19		1.05		1.00
1.35%		—		1.85		—		1.05		—
1.40%		—		1.84		—		1.05		—
1.45%		—		1.90		1.17		1.04		0.98
1.50%		—		1.50		—		1.04		—
1.55%		—		1.82		—		1.04		—
1.60%		—		1.81		—		1.03		—
1.65%		—		1.80		—		1.03		—
1.70%		—		1.80		—		1.03		—
1.75%		—		1.79		—		1.02		—
1.80%		—		1.78		—		1.02		—
1.85%		—		1.47		—		1.02		—
1.90%		—		1.46		—		1.02		—

Subaccount	Frank Inc, Cl 2		Frank Mutual Shares, Cl 2		Frank Sm Cap Val, Cl 2		GS VIT Mid Cap Val, Inst		GS VIT Multi-Strategy Alt, Advisor
0.55%	$	1.22	$	2.20	$	4.58	$	4.71	$	0.88
0.60%		1.21		1.50		1.63		—		0.88
0.75%		1.20		2.13		4.40		4.53		0.88
0.85%		1.19		1.59		1.94		—		0.87
0.95%		1.19		2.06		4.24		4.36		0.87
1.00%		1.18		2.15		3.20		3.20		0.87
1.05%		1.18		1.55		1.89		—		0.86
1.10%		1.18		1.54		1.88		—		0.86
1.15%		1.17		1.46		1.59		—		0.86
1.20%		1.17		2.08		3.09		3.09		0.86
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		1.17		1.52		1.85		—		0.86
1.30%		1.16		1.50		1.83		—		0.85
1.35%		1.16		1.69		2.12		—		0.85
1.40%		1.16		1.69		2.11		—		0.85
1.45%		1.15		1.48		1.80		—		0.85
1.50%		1.15		1.43		1.55		—		0.85
1.55%		1.15		1.66		2.09		—		0.84
1.60%		1.14		1.66		2.08		—		0.84
1.65%		1.14		1.65		2.07		—		0.84
1.70%		1.14		1.64		2.06		—		0.84
1.75%		1.13		1.64		2.05		—		0.84
1.80%		1.13		1.63		2.04		—		0.83
1.85%		1.13		1.40		1.52		—		0.83
1.90%		1.12		1.39		1.51		—		0.83



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			79


Subaccount	GS VIT U.S. Eq Insights, Inst		Invesco VI Am Fran, Ser II		Invesco VI Bal Risk Alloc, Ser II		Invesco VI Comstock, Ser II		Invesco VI Div Divd, Ser I
0.55%	$	2.30	$	1.85	$	1.11	$	2.34	$	1.83
0.60%		—		—		1.10		—		—
0.75%		2.21		1.83		1.09		2.27		1.80
0.85%		2.12		1.81		1.09		1.86		—
0.95%		2.13		1.80		1.08		2.20		1.77
1.00%		2.55		1.80		1.08		2.19		1.76
1.05%		2.07		1.79		1.08		1.81		—
1.10%		2.06		1.78		1.07		1.80		—
1.15%		—		—		1.07		—		—
1.20%		2.46		1.77		1.07		2.12		1.74
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		2.02		1.77		1.06		1.77		—
1.30%		2.00		1.76		1.06		1.76		—
1.35%		—		—		1.06		—		—
1.40%		—		—		1.05		—		—
1.45%		1.97		1.74		1.05		1.72		—
1.50%		—		—		1.05		—		—
1.55%		—		—		1.05		—		—
1.60%		—		—		1.04		—		—
1.65%		—		—		1.04		—		—
1.70%		—		—		1.04		—		—
1.75%		—		—		1.03		—		—
1.80%		—		—		1.03		—		—
1.85%		—		—		1.03		—		—
1.90%		—		—		1.02		—		—

Subaccount	Invesco VI Hlth, Ser II		Invesco VI Intl Gro, Ser II		Invesco VI Mid Cap Gro, Ser I		Invesco VI Tech, Ser I		Ivy VIP Asset Strategy
0.55%	$	2.26	$	1.72	$	1.65	$	1.81	$	1.11
0.60%		—		—		—		—		1.11
0.75%		2.20		1.68		1.63		1.74		1.10
0.85%		2.30		1.48		—		—		1.09
0.95%		2.14		1.63		1.61		1.68		1.08
1.00%		2.13		1.62		1.60		1.96		1.08
1.05%		2.24		1.44		—		—		1.08
1.10%		2.23		1.43		—		—		1.08
1.15%		—		—		—		—		1.07
1.20%		2.08		1.58		1.58		1.90		1.07
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		2.19		1.41		—		—		1.07
1.30%		2.18		1.40		—		—		1.06
1.35%		—		—		—		—		1.06
1.40%		—		—		—		—		1.06
1.45%		2.13		1.37		—		—		1.05
1.50%		—		—		—		—		1.05
1.55%		—		—		—		—		1.05
1.60%		—		—		—		—		1.05
1.65%		—		—		—		—		1.04
1.70%		—		—		—		—		1.04
1.75%		—		—		—		—		1.04
1.80%		—		—		—		—		1.03
1.85%		—		—		—		—		1.03
1.90%		—		—		—		—		1.03



80		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	Janus Henderson VIT Bal, Serv		Janus Henderson VIT Flex Bd, Serv		Janus Henderson VIT Gbl Tech, Serv		Janus Henderson VIT Overseas, Serv		Janus Henderson VIT Res, Serv
0.55%	$	0.99	$	1.05	$	1.52	$	1.27	$	2.00
0.60%		0.99		1.04		—		—		1.87
0.75%		0.99		1.03		1.46		1.22		1.95
0.85%		0.99		1.03		—		—		1.93
0.95%		0.99		1.02		1.41		1.18		1.91
1.00%		0.99		1.02		3.58		2.06		1.89
1.05%		0.99		1.02		—		—		1.88
1.10%		0.99		1.01		—		—		1.87
1.15%		0.99		1.01		—		—		1.80
1.20%		0.99		1.01		3.46		2.00		1.85
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		0.99		1.01		—		—		1.84
1.30%		0.99		1.00		—		—		1.83
1.35%		0.99		1.00		—		—		2.25
1.40%		0.99		1.00		—		—		2.24
1.45%		0.99		0.99		—		—		1.80
1.50%		0.99		0.99		—		—		1.76
1.55%		0.99		0.99		—		—		2.21
1.60%		0.99		0.99		—		—		2.20
1.65%		0.99		0.98		—		—		2.19
1.70%		0.99		0.98		—		—		2.18
1.75%		0.99		0.98		—		—		2.17
1.80%		0.98		0.97		—		—		2.16
1.85%		0.98		0.97		—		—		1.72
1.90%		0.98		0.97		—		—		1.71

Subaccount	Lazard Ret Global Dyn MA, Serv		MFS Mass Inv Gro Stock, Serv Cl		MFS New Dis, Serv Cl		MFS Utilities, Serv Cl		MS VIF Global Real Est, Cl II
0.55%	$	1.30	$	1.31	$	2.41	$	3.59	$	1.41
0.60%		1.30		—		—		1.53		—
0.75%		1.29		1.30		2.33		3.47		1.38
0.85%		1.28		1.30		—		2.39		1.43
0.95%		1.27		1.29		2.24		3.35		1.34
1.00%		1.27		1.29		2.65		4.16		1.34
1.05%		1.27		1.29		—		2.33		1.39
1.10%		1.26		1.29		—		2.32		1.38
1.15%		1.26		—		—		1.48		—
1.20%		1.26		1.28		2.56		4.02		1.30
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		1.25		1.28		—		2.28		1.36
1.30%		1.25		1.28		—		2.26		1.35
1.35%		1.24		—		—		1.88		—
1.40%		1.24		—		—		1.87		—
1.45%		1.24		1.27		—		2.22		1.32
1.50%		1.23		—		—		1.45		—
1.55%		1.23		—		—		1.84		—
1.60%		1.23		—		—		1.84		—
1.65%		1.22		—		—		1.83		—
1.70%		1.22		—		—		1.82		—
1.75%		1.22		—		—		1.81		—
1.80%		1.21		—		—		1.81		—
1.85%		1.21		—		—		1.41		—
1.90%		1.21		—		—		1.41		—



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			81


Subaccount	MS VIF Mid Cap Gro, Cl II		NB AMT Intl Eq, Cl S		NB AMT US Eq Index PW Strat, Cl S		Oppen Global VA, Serv		Oppen Global Strategic Inc VA, Srv
0.55%	$	2.33	$	1.10	$	0.91	$	2.57	$	1.69
0.60%		1.63		—		0.90		1.62		1.01
0.75%		2.27		1.08		0.90		2.49		1.64
0.85%		2.45		1.20		0.89		1.88		1.52
0.95%		2.21		1.05		0.89		2.42		1.59
1.00%		2.20		1.04		0.89		2.40		1.58
1.05%		2.39		1.17		0.89		1.84		1.48
1.10%		2.38		1.16		0.88		1.83		1.47
1.15%		1.59		—		0.88		1.60		0.98
1.20%		2.14		1.02		0.88		2.33		1.53
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		2.33		1.14		0.88		1.79		1.44
1.30%		2.32		1.13		0.88		1.78		1.43
1.35%		2.09		—		0.87		1.86		0.97
1.40%		2.08		—		0.87		1.86		0.97
1.45%		2.28		1.11		0.87		1.75		1.41
1.50%		1.56		—		0.87		1.56		0.96
1.55%		2.06		—		0.87		1.83		0.96
1.60%		2.05		—		0.86		1.83		0.96
1.65%		2.04		—		0.86		1.82		0.95
1.70%		2.03		—		0.86		1.81		0.95
1.75%		2.02		—		0.86		1.80		0.95
1.80%		2.01		—		0.86		1.80		0.95
1.85%		1.52		—		0.85		1.52		0.94
1.90%		1.51		—		0.85		1.52		0.94

Subaccount	Oppen Main St Sm Cap VA, Serv		PIMCO VIT All Asset, Advisor Cl		PIMCO VIT Glb MA Man Alloc, Adv Cl		PIMCO VIT Tot Return, Advisor Cl		Put VT Global Hlth Care, Cl IB
0.55%	$	2.81	$	1.58	$	1.08	$	1.05	$	2.68
0.60%		1.75		1.15		1.07		1.04		—
0.75%		2.73		1.54		1.06		1.04		2.59
0.85%		2.08		1.56		1.05		1.03		—
0.95%		2.65		1.50		1.05		1.02		2.50
1.00%		2.63		1.49		1.04		1.02		2.58
1.05%		2.03		1.52		1.04		1.02		—
1.10%		2.02		1.51		1.04		1.01		—
1.15%		1.70		1.11		1.03		1.01		—
1.20%		2.55		1.45		1.03		1.01		2.49
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		1.98		1.48		1.03		1.01		—
1.30%		1.97		1.47		1.02		1.00		—
1.35%		2.23		1.23		1.02		1.00		—
1.40%		2.22		1.23		1.02		1.00		—
1.45%		1.93		1.45		1.01		0.99		—
1.50%		1.66		1.09		1.01		0.99		—
1.55%		2.19		1.21		1.01		0.99		—
1.60%		2.18		1.21		1.00		0.99		—
1.65%		2.18		1.20		1.00		0.98		—
1.70%		2.17		1.20		1.00		0.98		—
1.75%		2.16		1.19		0.99		0.97		—
1.80%		2.15		1.19		0.99		0.97		—
1.85%		1.62		1.06		0.99		0.97		—
1.90%		1.62		1.06		0.98		0.97		—



82		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	Put VT Intl Eq, Cl IB		Put VT Sus Leaders, Cl IB		Temp Global Bond, Cl 2		VanEck VIP Global Gold, Cl S		VP Aggr, Cl 2
0.55%	$	1.55	$	2.54	$	1.00	$	0.74	$	1.73
0.60%		—		—		0.99		0.74		1.44
0.75%		1.50		2.50		0.98		0.73		1.70
0.85%		—		—		0.98		0.73		1.68
0.95%		1.45		2.46		0.97		0.72		1.67
1.00%		1.58		2.45		0.97		0.72		1.66
1.05%		—		—		0.97		0.72		1.65
1.10%		—		—		0.97		0.72		1.65
1.15%		—		—		0.96		0.72		1.40
1.20%		1.53		2.41		0.96		0.71		1.63
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		0.96		0.71		1.62
1.30%		—		—		0.95		0.71		1.62
1.35%		—		—		0.95		0.71		1.68
1.40%		—		—		0.95		0.71		1.67
1.45%		—		—		0.95		0.70		1.60
1.50%		—		—		0.94		0.70		1.36
1.55%		—		—		0.94		0.70		1.65
1.60%		—		—		0.94		0.70		1.64
1.65%		—		—		0.94		0.70		1.63
1.70%		—		—		0.93		0.69		1.63
1.75%		—		—		0.93		0.69		1.62
1.80%		—		—		0.93		0.69		1.61
1.85%		—		—		0.92		0.69		1.33
1.90%		—		—		0.92		0.69		1.33

Subaccount	VP Aggr, Cl 4		VP Conserv, Cl 2		VP Conserv, Cl 4		VP Man Risk, Cl 2		VP Man Risk US, Cl 2
0.55%	$	1.73	$	1.29	$	1.29	$	0.98	$	1.00
0.60%		—		1.15		—		0.98		1.00
0.75%		1.70		1.26		1.26		0.97		1.00
0.85%		1.68		1.25		1.25		0.97		1.00
0.95%		1.67		1.24		1.24		0.97		1.00
1.00%		1.66		1.24		1.24		0.97		1.00
1.05%		1.65		1.23		1.23		0.97		1.00
1.10%		1.65		1.23		1.23		0.97		0.99
1.15%		—		1.11		—		0.97		0.99
1.20%		1.63		1.22		1.22		0.97		0.99
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		1.63		1.21		1.21		0.97		0.99
1.30%		1.62		1.20		1.20		0.97		0.99
1.35%		—		1.21		—		0.97		0.99
1.40%		—		1.20		—		0.97		0.99
1.45%		1.60		1.19		1.19		0.96		0.99
1.50%		—		1.09		—		0.96		0.99
1.55%		—		1.19		—		0.96		0.99
1.60%		—		1.18		—		0.96		0.99
1.65%		—		1.18		—		0.96		0.99
1.70%		—		1.17		—		0.96		0.99
1.75%		—		1.17		—		0.96		0.99
1.80%		—		1.16		—		0.96		0.99
1.85%		—		1.06		—		0.96		0.99
1.90%		—		1.06		—		0.96		0.98



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			83


Subaccount	VP Man Vol Conserv, Cl 2		VP Man Vol Conserv Gro, Cl 2		VP Man Vol Gro, Cl 2		VP Man Vol Mod Gro, Cl 2		VP Mod, Cl 2
0.55%	$	1.09	$	1.11	$	1.14	$	1.13	$	1.52
0.60%		1.06		1.06		1.07		1.07		1.29
0.75%		1.08		1.10		1.13		1.12		1.49
0.85%		1.07		1.09		1.12		1.11		1.48
0.95%		1.08		1.12		1.21		1.25		1.47
1.00%		1.06		1.08		1.11		1.10		1.46
1.05%		1.07		1.12		1.20		1.24		1.45
1.10%		1.07		1.11		1.20		1.16		1.45
1.15%		1.06		1.11		1.20		1.24		1.25
1.20%		1.06		1.11		1.19		1.23		1.43
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		1.05		1.07		1.10		1.09		1.43
1.30%		1.05		1.10		1.18		1.22		1.42
1.35%		1.05		1.10		1.18		1.22		1.44
1.40%		1.05		1.09		1.18		1.22		1.43
1.45%		1.05		1.09		1.17		1.21		1.40
1.50%		1.04		1.09		1.17		1.21		1.22
1.55%		1.04		1.08		1.17		1.20		1.41
1.60%		1.04		1.08		1.16		1.12		1.41
1.65%		1.03		1.08		1.16		1.20		1.40
1.70%		1.03		1.08		1.16		1.19		1.40
1.75%		1.03		1.07		1.16		1.19		1.39
1.80%		1.03		1.07		1.15		1.18		1.38
1.85%		1.02		1.07		1.15		1.18		1.20
1.90%		1.02		1.06		1.15		1.18		1.19

Subaccount	VP Mod, Cl 4		VP Mod Aggr, Cl 2		VP Mod Aggr, Cl 4		VP Mod Conserv, Cl 2		VP Mod Conserv, Cl 4
0.55%	$	1.52	$	1.63	$	1.63	$	1.40	$	1.40
0.60%		—		1.36		—		1.22		—
0.75%		1.49		1.60		1.60		1.37		1.37
0.85%		1.48		1.58		1.59		1.36		1.36
0.95%		1.47		1.57		1.57		1.35		1.35
1.00%		1.46		1.56		1.57		1.34		1.35
1.05%		1.46		1.56		1.56		1.34		1.34
1.10%		1.45		1.55		1.55		1.33		1.33
1.15%		—		1.32		—		1.18		—
1.20%		1.44		1.54		1.54		1.32		1.32
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		1.43		1.53		1.53		1.31		1.32
1.30%		1.42		1.52		1.52		1.31		1.31
1.35%		—		1.55		—		1.31		—
1.40%		—		1.55		—		1.31		—
1.45%		1.41		1.50		1.50		1.29		1.29
1.50%		—		1.29		—		1.15		—
1.55%		—		1.53		—		1.29		—
1.60%		—		1.52		—		1.29		—
1.65%		—		1.51		—		1.28		—
1.70%		—		1.51		—		1.28		—
1.75%		—		1.50		—		1.27		—
1.80%		—		1.49		—		1.26		—
1.85%		—		1.26		—		1.12		—
1.90%		—		1.26		—		1.12		—



84		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	VP Ptnrs Sm Cap Val, Cl 3		VP US Flex Conserv Gro, Cl 2		VP US Flex Gro, Cl 2		VP US Flex Mod Gro, Cl 2		Wanger Intl
0.55%	$	3.13	$	1.00	$	1.02	$	1.01	$	3.35
0.60%		—		1.08		1.16		1.12		—
0.75%		3.03		1.00		1.01		1.01		3.22
0.85%		1.76		1.08		1.16		1.12		1.74
0.95%		2.93		1.07		1.15		1.11		3.10
1.00%		2.75		1.00		1.01		1.00		3.72
1.05%		1.72		1.07		1.15		1.11		1.70
1.10%		1.71		1.07		1.15		1.11		1.69
1.15%		—		1.07		1.15		1.11		—
1.20%		2.66		1.07		1.15		1.11		3.60
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		1.68		1.07		1.15		1.11		1.65
1.30%		1.67		1.07		1.15		1.11		1.64
1.35%		—		1.07		1.14		1.11		—
1.40%		—		1.06		1.14		1.10		—
1.45%		1.63		1.06		1.14		1.10		1.61
1.50%		—		1.06		1.14		1.10		—
1.55%		—		1.06		1.14		1.10		—
1.60%		—		1.06		1.14		1.10		—
1.65%		—		1.06		1.14		1.10		—
1.70%		—		1.06		1.14		1.10		—
1.75%		—		1.06		1.13		1.10		—
1.80%		—		1.06		1.13		1.09		—
1.85%		—		1.05		1.13		1.09		—
1.90%		—		1.05		1.13		1.09		—

Subaccount	Wanger USA		WF VT Index Asset Alloc, Cl 2		WF VT Intl Eq, Cl 2		WF VT Opp, Cl 2		WF VT Sm Cap Gro, Cl 2
0.55%	$	4.33	$	2.44	$	1.65	$	2.88	$	2.92
0.60%		—		—		—		1.71		1.77
0.75%		4.16		2.35		1.60		2.78		2.82
0.85%		2.35		—		1.16		2.25		2.70
0.95%		4.01		2.27		1.55		2.69		2.72
1.00%		3.55		2.38		1.54		2.79		3.13
1.05%		2.29		—		1.13		2.20		2.63
1.10%		2.28		—		1.12		2.18		2.62
1.15%		—		—		—		1.66		1.72
1.20%		3.43		2.30		1.50		2.69		3.03
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		2.24		—		1.10		2.14		2.57
1.30%		2.22		—		1.09		2.13		2.55
1.35%		—		—		—		2.11		2.32
1.40%		—		—		—		2.10		2.31
1.45%		2.18		—		1.07		2.09		2.50
1.50%		—		—		—		1.62		1.68
1.55%		—		—		—		2.08		2.28
1.60%		—		—		—		2.07		2.27
1.65%		—		—		—		2.06		2.26
1.70%		—		—		—		2.05		2.25
1.75%		—		—		—		2.04		2.24
1.80%		—		—		—		2.03		2.23
1.85%		—		—		—		1.58		1.64
1.90%		—		—		—		1.58		1.63



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			85


Subaccount	WA Var Global Hi Yd Bond, Cl II
0.55%	$	1.10
0.60%		1.09
0.75%		1.08
0.85%		1.08
0.95%		1.07
1.00%		1.07
1.05%		1.07
1.10%		1.06
1.15%		1.06
1.20%		1.06
1.25%		—
1.25%		—
1.25%		—
1.25%		—
1.25%		—
1.25%		1.05
1.30%		1.05
1.35%		1.05
1.40%		1.05
1.45%		1.04
1.50%		1.04
1.55%		1.04
1.60%		1.03
1.65%		1.03
1.70%		1.03
1.75%		1.02
1.80%		1.02
1.85%		1.02
1.90%		1.02

The following is a summary of units outstanding at December 31, 2018:


Subaccount	AB VPS Dyn Asset Alloc, Cl B		AB VPS Global Thematic Gro, Cl B		AB VPS Gro & Inc, Cl B		AB VPS Intl Val, Cl B		ALPS Alerian Engy Infr, Class III
0.55%		69,925		12,993		158,464		330,691		304,295
0.60%		—		—		—		—		—
0.75%		289,992		940,199		14,427,299		24,462,917		4,995,701
0.85%		130,744		768,159		3,178,076		10,867,848		3,238,258
0.95%		1,985,209		661,307		9,610,577		14,196,311		11,707,567
1.00%		30,211		101,527		1,872,159		4,214,260		1,403,577
1.05%		228,845		331,030		1,713,819		5,018,718		2,369,575
1.10%		1,973,061		341,922		828,424		5,111,915		5,835,072
1.15%		—		—		—		—		10,516
1.20%		1,198,680		83,763		882,931		1,520,737		3,975,173
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		82,847		119,374		668,731		304,803
1.30%		1,382,544		92,628		273,635		2,222,498		2,397,273
1.35%		236,133		—		—		—		2,473,971
1.40%		—		—		—		—		200,702
1.45%		104,142		16,324		51,001		397,380		567,315
1.50%		25,169		—		—		—		73,289
1.55%		9,658		—		—		—		51,743
1.60%		66,603		—		—		—		189,065
1.65%		—		—		—		—		77,482
1.70%		15,998		—		—		—		109,872
1.75%		—		—		—		—		18,007
1.80%		—		—		—		—		48,383
1.85%		123,137		—		—		—		1,272
1.90%		—		—		—		—		—
Total		7,870,051		3,432,699		33,115,759		69,012,006		40,352,911



86		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	AC VP Intl, Cl II		AC VP Mid Cap Val, Cl II		AC VP Ultra, Cl II		AC VP Val, Cl II		BlackRock Global Alloc, Cl III
0.55%		216,077		184,770		164,951		152,015		105,724
0.60%		—		—		—		—		—
0.75%		5,646,630		6,305,337		3,998,306		17,636,459		7,009,663
0.85%		—		4,051,169		1,752,266		8,602,033		3,696,853
0.95%		3,984,153		5,384,084		2,687,728		18,256,203		19,527,059
1.00%		1,338,461		1,348,264		823,868		3,248,689		2,255,718
1.05%		—		3,027,402		1,195,190		6,638,148		2,949,201
1.10%		—		1,543,553		538,612		5,742,487		6,408,315
1.15%		—		—		—		41,430		3,034
1.20%		465,734		620,179		545,568		3,857,960		4,558,176
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		219,281		222,979		566,882		231,689
1.30%		—		875,813		198,695		3,261,502		4,775,916
1.35%		—		—		—		1,909,627		3,239,945
1.40%		—		—		—		99,958		476,621
1.45%		—		174,565		337,945		730,083		1,642,000
1.50%		—		—		—		503,813		682,015
1.55%		—		—		—		144,947		45,474
1.60%		—		—		—		66,506		180,077
1.65%		—		—		—		55,984		130,137
1.70%		—		—		—		125,824		275,215
1.75%		—		—		—		1,499		26,100
1.80%		—		—		—		16,987		—
1.85%		—		—		—		59,280		113,319
1.90%		—		—		—		—		—
Total		11,651,055		23,734,417		12,466,108		71,718,316		58,332,251

Subaccount	Calvert VP SRI Bal, Cl I		Col VP Bal, Cl 3		Col VP Commodity Strategy, Cl 2		Col VP Contrarian Core, Cl 2		Col VP Disciplined Core, Cl 3
0.55%		—		605,452		72,919		238,210		216,440
0.60%		—		—		—		3,923		—
0.75%		6,215,751		35,990,851		596,928		7,526,528		64,250,212
0.85%		—		16,196,531		542,011		4,171,890		2,310,353
0.95%		3,038,512		50,534,995		2,926,211		16,602,493		30,658,175
1.00%		885,190		6,668,144		240,885		1,625,619		3,281,461
1.05%		—		11,172,618		396,575		2,725,502		1,435,661
1.10%		—		23,324,383		1,879,454		6,475,287		891,592
1.15%		—		158,773		—		297		—
1.20%		385,264		11,070,207		820,101		5,071,524		1,148,033
1.25%		—		—		—		—		—
1.25%		—		1,879,407		—		—		324,334
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		18,751,652		—		—		42,386,616
1.25%		—		—		7,803		176,234		—
1.30%		—		14,013,887		437,657		2,260,822		389,303
1.35%		—		11,542,959		529,783		3,193,268		—
1.40%		—		610,079		2,679		166,262		—
1.45%		—		2,895,848		107,901		774,979		66,401
1.50%		—		1,361,883		70,685		507,454		—
1.55%		—		302,760		33,206		32,224		—
1.60%		—		342,939		26,347		207,601		—
1.65%		—		416,188		11,985		42,518		—
1.70%		—		561,757		—		260,770		—
1.75%		—		183,365		—		9,698		—
1.80%		—		72,546		—		—		—
1.85%		—		371,795		—		21,083		—
1.90%		—		—		6,422		—		—
Total		10,524,717		209,029,019		8,709,552		52,094,186		147,358,581



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			87


Subaccount	Col VP Div Abs Return, Cl 2		Col VP Divd Opp, Cl 3		Col VP Emerg Mkts Bond, Cl 2		Col VP Emer Mkts, Cl 3		Col VP Global Strategic Inc, Cl 3
0.55%		9,152		790,484		633,752		581,426		199,290
0.60%		—		—		—		—		—
0.75%		467,895		58,903,092		1,620,247		13,168,673		15,563,608
0.85%		356,173		21,908,311		1,028,026		7,458,081		5,593,141
0.95%		1,033,734		34,660,067		4,429,095		8,092,100		13,464,932
1.00%		99,072		8,554,400		320,157		2,008,900		2,064,706
1.05%		251,571		10,617,360		1,007,680		3,958,655		3,888,823
1.10%		265,088		7,630,455		1,316,538		3,737,535		1,584,809
1.15%		—		—		—		—		—
1.20%		376,810		3,235,386		945,861		591,531		1,714,349
1.25%		—		19,925,548		—		11,976,559		—
1.25%		—		1,450,647		—		577,120		317,149
1.25%		—		—		—		—		—
1.25%		—		—		—		—		3,687,616
1.25%		—		—		—		—		—
1.25%		7,671		—		126,412		—		—
1.30%		462,449		3,384,715		705,326		1,088,192		1,239,313
1.35%		321,445		—		611,274		—		—
1.40%		—		—		14,236		—		—
1.45%		69,711		1,145,511		192,327		244,517		433,225
1.50%		—		—		69,231		—		—
1.55%		11,272		—		15,503		—		—
1.60%		—		—		11,027		—		—
1.65%		12,117		—		30,266		—		—
1.70%		5,219		—		50,686		—		—
1.75%		—		—		—		—		—
1.80%		—		—		—		—		—
1.85%		—		—		—		—		—
1.90%		—		—		—		—		—
Total		3,749,379		172,205,976		13,127,644		53,483,289		49,750,961

Subaccount	Col VP Govt Money Mkt, Cl 3		Col VP Hi Yield Bond, Cl 3		Col VP Inc Opp, Cl 3		Col VP Inter Bond, Cl 3		Col VP Lg Cap Gro, Cl 3
0.55%		3,186,521		455,345		524,582		585,206		784,153
0.60%		—		—		—		—		—
0.75%		33,313,534		25,777,859		18,683,091		54,724,007		40,357,750
0.85%		10,344,094		7,912,096		8,189,127		17,886,706		3,620,224
0.95%		25,622,028		20,685,307		13,468,661		43,497,123		21,823,108
1.00%		3,985,255		3,090,926		3,162,718		7,604,823		2,327,023
1.05%		6,763,415		5,317,058		5,531,449		13,721,063		1,692,143
1.10%		3,897,789		2,510,042		2,835,958		4,515,387		1,121,487
1.15%		—		—		—		—		—
1.20%		2,503,054		2,026,757		2,509,510		6,365,979		968,470
1.25%		—		—		—		—		—
1.25%		2,251,566		394,561		—		744,176		—
1.25%		—		—		—		—		—
1.25%		—		8,175,584		—		—		—
1.25%		11,645,789		—		—		12,940,756		—
1.25%		—		—		531,708		—		227,204
1.30%		1,247,482		1,290,317		1,721,333		3,702,562		347,501
1.35%		—		—		—		—		—
1.40%		—		—		—		—		—
1.45%		1,218,515		1,093,169		570,276		1,182,285		66,323
1.50%		—		—		—		—		—
1.55%		—		—		—		—		—
1.60%		—		—		—		—		—
1.65%		—		—		—		—		—
1.70%		—		—		—		—		—
1.75%		—		—		—		—		—
1.80%		—		—		—		—		—
1.85%		—		—		—		—		—
1.90%		—		—		—		—		—
Total		105,979,042		78,729,021		57,728,413		167,470,073		73,335,386



88		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	Col VP Lg Cap Index, Cl 3		Col VP Limited Duration Cr, Cl 2		Col VP Long Govt/Cr Bond, Cl 2		Col VP Mid Cap Gro, Cl 3		Col VP Mid Cap Val, Cl 3
0.55%		210,405		12,713		12,889		109,558		223,307
0.60%		—		—		—		—		—
0.75%		31,250,515		5,086,084		1,888,477		9,251,693		6,097,632
0.85%		8,175,996		2,648,635		691,226		1,856,973		5,453,614
0.95%		54,565,351		12,392,710		4,085,719		5,327,702		4,038,231
1.00%		4,933,047		745,622		270,940		612,035		895,638
1.05%		5,761,611		2,200,458		964,705		998,660		2,722,843
1.10%		14,555,885		2,611,777		868,284		548,159		1,687,849
1.15%		90,424		20,712		—		—		—
1.20%		9,042,187		3,803,216		709,137		283,896		467,279
1.25%		—		—		—		—		—
1.25%		—		—		—		57,463		—
1.25%		—		—		—		12,581,643		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		606,495		206,377		61,946		—		152,832
1.30%		10,544,140		2,555,252		586,383		179,757		734,537
1.35%		5,150,838		1,999,900		596,284		—		—
1.40%		362,748		296,370		66,772		—		—
1.45%		1,838,728		805,369		299,614		35,806		154,499
1.50%		1,166,790		170,127		32,322		—		—
1.55%		190,025		55,862		23,456		—		—
1.60%		155,653		43,611		—		—		—
1.65%		137,403		56,563		—		—		—
1.70%		322,757		287,797		2,574		—		—
1.75%		9,995		—		7,956		—		—
1.80%		6,305		—		—		—		—
1.85%		47,303		76,895		—		—		—
1.90%		9,462		—		—		—		—
Total		149,134,063		36,076,050		11,168,684		31,843,345		22,628,261

Subaccount	Col VP Overseas Core, 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
0.55%		443,441		69,736		80,632		56,245		363,841
0.60%		—		—		—		—		—
0.75%		14,095,207		4,024,433		5,044,820		17,423,282		9,226,657
0.85%		4,798,802		2,070,493		1,270,998		4,985,928		3,643,234
0.95%		9,010,376		3,810,311		3,262,093		15,040,287		7,020,092
1.00%		1,158,972		681,470		666,634		2,108,081		2,820,091
1.05%		2,705,333		2,133,278		933,425		3,056,828		2,676,993
1.10%		2,356,923		617,546		568,189		1,166,324		2,089,422
1.15%		—		—		—		—		—
1.20%		641,552		542,880		250,799		2,112,300		596,462
1.25%		—		—		—		—		—
1.25%		476,028		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		13,435,428		—		—		—		—
1.25%		—		62,250		86,703		276,589		238,853
1.30%		1,016,888		308,780		378,611		1,049,014		799,909
1.35%		—		—		—		—		—
1.40%		—		—		—		—		—
1.45%		129,266		67,231		19,650		590,330		302,131
1.50%		—		—		—		—		—
1.55%		—		—		—		—		—
1.60%		—		—		—		—		—
1.65%		—		—		—		—		—
1.70%		—		—		—		—		—
1.75%		—		—		—		—		—
1.80%		—		—		—		—		—
1.85%		—		—		—		—		—
1.90%		—		—		—		—		—
Total		50,268,216		14,388,408		12,562,554		47,865,208		29,777,685



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			89


Subaccount	CTIVP AQR Man Fut Strategy, Cl 2		CTIVP BR Gl Infl Prot Sec, Cl 3		CTIVP Lazard Intl Eq Adv, Cl 2		CTIVP Loomis Sayles Gro, Cl 1		CTIVP MFS Blend Res Core Eq, Cl 3
0.55%		356,060		361,387		17,245		540,627		92,194
0.60%		—		—		—		—		—
0.75%		2,512,956		18,749,348		1,172,520		27,659,916		3,979,830
0.85%		1,104,729		6,957,934		871,562		17,572,115		3,202,756
0.95%		4,704,914		13,836,647		6,697,998		17,158,124		2,573,228
1.00%		1,179,890		2,866,562		310,490		4,012,734		368,453
1.05%		883,744		4,271,310		689,552		8,514,613		1,436,062
1.10%		2,001,513		1,394,219		1,815,042		5,515,389		683,581
1.15%		—		—		—		—		—
1.20%		889,537		2,318,575		1,778,966		1,797,255		310,616
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		205,081		401,578		82,981		1,117,122		110,975
1.30%		580,413		1,276,314		1,369,223		2,163,689		600,278
1.35%		873,440		—		729,976		—		—
1.40%		—		—		14,419		—		—
1.45%		275,272		707,517		110,333		598,917		95,704
1.50%		42,245		—		40,741		—		—
1.55%		17,159		—		24,201		—		—
1.60%		36,309		—		18,648		—		—
1.65%		12,006		—		14,004		—		—
1.70%		4,816		—		20,370		—		—
1.75%		—		—		—		—		—
1.80%		—		—		—		—		—
1.85%		1,420		—		—		—		—
1.90%		—		—		—		—		—
Total		15,681,504		53,141,391		15,778,271		86,650,501		13,453,677

Subaccount	CTIVP Vty Sycamore Estb Val, Cl 3		CTIVP WF Short Duration Govt, Cl 2		DWS Alt Asset Alloc VIP, Cl B		EV VT Floating-Rate Inc, Init Cl		Fid VIP Contrafund, Serv Cl 2
0.55%		92,703		23,036		19,167		1,649,863		923,297
0.60%		—		—		—		—		4,041
0.75%		3,734,851		3,323,493		2,620,103		30,223,797		43,614,773
0.85%		2,023,755		1,318,640		1,417,403		12,901,507		22,132,633
0.95%		2,850,974		9,648,339		4,852,637		27,483,042		50,289,907
1.00%		875,978		558,057		421,806		5,174,416		8,106,543
1.05%		1,314,067		1,173,965		708,802		9,465,162		15,410,988
1.10%		1,019,531		1,698,214		1,028,638		5,502,790		19,260,848
1.15%		—		5,051		—		—		38,794
1.20%		314,903		1,422,565		1,063,782		3,600,873		9,552,017
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		137,317		127,406		175,452		1,284,193		2,570,377
1.30%		408,169		1,583,264		754,051		4,191,099		9,051,308
1.35%		—		1,292,793		636,485		—		4,943,424
1.40%		—		108,404		190,125		—		495,046
1.45%		83,290		497,804		138,865		1,931,495		2,658,734
1.50%		—		173,727		122,309		—		968,210
1.55%		—		154,253		14,809		—		103,600
1.60%		—		17,851		29,364		—		66,312
1.65%		—		66,572		22,795		—		90,291
1.70%		—		81,268		82,487		—		193,401
1.75%		—		—		524		—		6,566
1.80%		—		11,862		—		—		4,791
1.85%		—		—		2,855		—		44,458
1.90%		—		—		—		—		25,071
Total		12,855,538		23,286,564		14,302,459		103,408,237		190,555,430



90		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	Fid VIP Gro & Inc, Serv Cl 2		Fid VIP Mid Cap, Serv Cl 2		Fid VIP Overseas, Serv Cl 2		Fid VIP Strategic Inc, Serv Cl 2		Frank Global Real Est, Cl 2
0.55%		84,338		459,224		200,653		322,569		199,523
0.60%		—		1,713		—		5,794		—
0.75%		19,844,979		29,543,701		9,827,226		19,164,126		11,940,537
0.85%		—		17,325,447		4,150,308		9,152,208		6,071,813
0.95%		12,278,963		22,800,956		7,036,106		35,920,147		7,625,114
1.00%		3,200,728		5,668,031		1,631,354		4,637,399		2,259,589
1.05%		—		9,105,521		2,113,416		10,273,003		2,701,584
1.10%		—		10,467,316		1,355,766		12,729,587		2,445,102
1.15%		—		10,640		—		44,551		—
1.20%		1,557,340		4,418,147		718,326		7,409,123		990,954
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		1,012,743		248,384		1,692,787		264,555
1.30%		—		4,668,435		710,431		6,882,245		1,631,627
1.35%		—		2,517,434		—		4,566,236		—
1.40%		—		298,491		—		186,786		—
1.45%		—		844,868		291,721		2,101,329		125,451
1.50%		—		330,331		—		520,755		—
1.55%		—		41,190		—		98,644		—
1.60%		—		116,300		—		195,054		—
1.65%		—		39,832		—		220,141		—
1.70%		—		69,310		—		271,878		—
1.75%		—		8,534		—		—		—
1.80%		—		8,974		—		—		—
1.85%		—		39,943		—		44,056		—
1.90%		—		—		—		53,996		—
Total		36,966,348		109,797,081		28,283,691		116,492,414		36,255,849

Subaccount	Frank Inc, Cl 2		Frank Mutual Shares, Cl 2		Frank Sm Cap Val, Cl 2		GS VIT Mid Cap Val, Inst		GS VIT Multi-Strategy Alt, Advisor
0.55%		68,662		117,165		172,081		244,136		277,735
0.60%		—		—		—		—		—
0.75%		4,196,360		10,551,171		7,899,974		13,426,732		511,628
0.85%		3,152,795		7,055,855		4,930,388		—		368,485
0.95%		12,558,827		10,662,500		7,430,150		8,508,760		2,516,834
1.00%		773,324		2,582,855		1,688,170		2,810,736		151,045
1.05%		1,965,576		3,949,210		2,379,623		—		212,815
1.10%		8,041,399		3,912,718		3,953,007		—		540,174
1.15%		—		1,758		28,391		—		—
1.20%		5,060,182		1,948,439		1,847,249		1,246,963		602,033
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		228,778		429,393		161,375		—		33,265
1.30%		2,776,180		2,424,688		1,848,532		—		655,005
1.35%		3,304,842		686,825		1,414,046		—		285,685
1.40%		174,437		3,341		149,811		—		17,134
1.45%		1,502,453		452,799		239,191		—		56,090
1.50%		256,428		31,494		193,647		—		1,384
1.55%		55,997		10,130		17,981		—		—
1.60%		114,255		1,000		32,258		—		1,872
1.65%		125,506		9,350		20,297		—		—
1.70%		170,601		30,304		38,628		—		1,744
1.75%		12,167		—		19,417		—		—
1.80%		—		27,780		273		—		—
1.85%		80,993		3,264		1,543		—		—
1.90%		—		—		—		—		—
Total		44,619,762		44,892,039		34,466,032		26,237,327		6,232,928



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			91


Subaccount	GS VIT U.S. Eq Insights, Inst		Invesco VI Am Fran, Ser II		Invesco VI Bal Risk Alloc, Ser II		Invesco VI Comstock, Ser II		Invesco VI Div Divd, Ser I
0.55%		425,897		54,182		206,012		420,471		99,200
0.60%		—		—		—		—		—
0.75%		21,440,403		12,062,427		3,973,535		20,743,245		6,420,558
0.85%		3,857,634		1,569,570		1,959,691		5,096,416		—
0.95%		14,541,160		6,126,469		9,891,904		10,823,993		4,042,644
1.00%		2,203,147		1,702,013		1,823,679		5,159,535		1,814,131
1.05%		2,433,240		730,525		2,119,965		2,626,311		—
1.10%		927,212		319,212		4,469,590		1,769,607		—
1.15%		—		—		8,415		—		—
1.20%		1,005,724		704,429		2,577,325		2,195,165		588,846
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		247,783		105,844		233,224		310,589		—
1.30%		608,516		129,376		4,146,370		1,205,584		—
1.35%		—		—		1,456,693		—		—
1.40%		—		—		140,266		—		—
1.45%		88,399		39,275		860,940		233,376		—
1.50%		—		—		211,954		—		—
1.55%		—		—		—		—		—
1.60%		—		—		153,754		—		—
1.65%		—		—		140,155		—		—
1.70%		—		—		71,219		—		—
1.75%		—		—		293,147		—		—
1.80%		—		—		—		—		—
1.85%		—		—		54,453		—		—
1.90%		—		—		—		—		—
Total		47,779,115		23,543,322		34,792,291		50,584,292		12,965,379

Subaccount	Invesco VI Hlth, Ser II		Invesco VI Intl Gro, Ser II		Invesco VI Mid Cap Gro, Ser I		Invesco VI Tech, Ser I		Ivy VIP Asset Strategy
0.55%		301,559		227,529		72,599		390,716		15,885
0.60%		—		—		—		—		—
0.75%		5,182,246		10,980,935		5,815,651		6,637,239		1,295,945
0.85%		3,428,101		5,205,212		—		—		1,110,766
0.95%		3,002,052		8,808,213		3,956,779		3,298,762		3,665,041
1.00%		937,829		1,554,287		317,901		1,264,225		502,781
1.05%		2,218,228		3,169,732		—		—		799,504
1.10%		1,661,593		1,799,604		—		—		2,603,196
1.15%		—		—		—		—		—
1.20%		267,184		665,376		168,679		494,150		865,324
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		126,116		307,495		—		—		99,336
1.30%		513,772		688,555		—		—		923,358
1.35%		—		—		—		—		821,137
1.40%		—		—		—		—		—
1.45%		96,070		179,323		—		—		329,312
1.50%		—		—		—		—		207,903
1.55%		—		—		—		—		18,816
1.60%		—		—		—		—		16,959
1.65%		—		—		—		—		—
1.70%		—		—		—		—		27,412
1.75%		—		—		—		—		7,565
1.80%		—		—		—		—		—
1.85%		—		—		—		—		—
1.90%		—		—		—		—		—
Total		17,734,750		33,586,261		10,331,609		12,085,092		13,310,240



92		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	Janus Henderson VIT Bal, Serv		Janus Henderson VIT Flex Bd, Serv		Janus Henderson VIT Gbl Tech, Serv		Janus Henderson VIT Overseas, Serv		Janus Henderson VIT Res, Serv
0.55%		198,585		28,179		238,280		84,831		147,887
0.60%		—		—		—		—		—
0.75%		3,424,480		5,503,118		9,388,393		9,023,870		4,371,796
0.85%		1,585,537		3,736,468		—		—		3,986,421
0.95%		9,865,373		14,892,479		5,212,703		6,534,164		5,388,119
1.00%		1,834,370		1,337,962		162,122		175,979		790,906
1.05%		918,864		2,677,615		—		—		1,757,118
1.10%		6,292,268		3,922,609		—		—		2,115,653
1.15%		—		103,541		—		—		16,671
1.20%		3,224,278		3,245,068		68,544		96,552		1,298,468
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		51,982		226,417		—		—		203,020
1.30%		1,695,489		2,392,439		—		—		885,429
1.35%		1,890,451		1,427,959		—		—		493,387
1.40%		41,190		296,421		—		—		2,460
1.45%		384,508		857,584		—		—		276,561
1.50%		148,778		169,826		—		—		156,693
1.55%		22,073		18,768		—		—		22,495
1.60%		58,018		63,182		—		—		25,351
1.65%		327,871		40,036		—		—		—
1.70%		129,800		101,371		—		—		30,388
1.75%		12,687		—		—		—		—
1.80%		5,921		—		—		—		3,611
1.85%		10,303		1,817		—		—		3,759
1.90%		—		34,495		—		—		—
Total		32,122,826		41,077,354		15,070,042		15,915,396		21,976,193

Subaccount	Lazard Ret Global Dyn MA, Serv		MFS Mass Inv Gro Stock, Serv Cl		MFS New Dis, Serv Cl		MFS Utilities, Serv Cl		MS VIF Global Real Est, Cl II
0.55%		130,608		99,624		81,872		296,285		202,904
0.60%		—		—		—		—		—
0.75%		1,698,232		18,154,848		7,244,385		11,894,132		5,713,302
0.85%		980,262		2,756,784		—		8,164,066		3,339,890
0.95%		3,645,660		11,069,703		4,380,136		11,893,135		4,443,150
1.00%		339,063		2,532,540		523,676		1,686,233		1,271,326
1.05%		724,513		2,228,893		—		4,803,309		2,349,851
1.10%		1,853,615		2,114,443		—		4,853,563		1,258,459
1.15%		—		—		—		7,443		—
1.20%		1,303,638		1,016,142		329,557		1,840,547		557,190
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		111,776		413,506		—		472,376		225,504
1.30%		3,656,130		726,995		—		2,089,947		626,615
1.35%		359,084		—		—		1,438,983		—
1.40%		—		—		—		343,786		—
1.45%		122,612		225,503		—		662,308		211,916
1.50%		21,469		—		—		550,514		—
1.55%		12,704		—		—		94,328		—
1.60%		93,874		—		—		61,933		—
1.65%		—		—		—		49,525		—
1.70%		123,973		—		—		67,293		—
1.75%		—		—		—		8,617		—
1.80%		—		—		—		1,507		—
1.85%		45,070		—		—		37,085		—
1.90%		—		—		—		—		—
Total		15,222,283		41,338,981		12,559,626		51,316,915		20,200,107



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			93


Subaccount	MS VIF Mid Cap Gro, Cl II		NB AMT Intl Eq, Cl S		NB AMT US Eq Index PW Strat, Cl S		Oppen Global VA, Serv		Oppen Global Strategic Inc VA, Srv
0.55%		111,607		77,766		77,222		233,370		963,793
0.60%		—		—		—		5,391		—
0.75%		3,006,320		2,710,094		231,802		11,081,236		45,691,663
0.85%		2,279,550		1,781,755		643,352		6,166,017		17,880,571
0.95%		4,516,734		2,137,461		1,180,612		12,618,080		39,909,996
1.00%		630,084		409,968		11,653		2,627,889		7,784,543
1.05%		1,601,272		831,602		79,560		4,702,770		14,109,605
1.10%		1,942,825		911,554		513,831		5,273,975		7,515,348
1.15%		4,481		—		—		12,510		5,237
1.20%		1,151,213		113,299		410,843		3,124,324		5,414,838
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		294,427		113,016		3,167		658,287		1,260,772
1.30%		1,026,338		523,470		577,807		2,683,547		5,969,630
1.35%		405,811		—		73,971		2,295,806		1,157,070
1.40%		62,120		—		21,028		59,753		—
1.45%		114,338		101,967		210,044		410,583		1,789,013
1.50%		85,132		—		43		212,925		80,423
1.55%		12,136		—		—		89,679		51,673
1.60%		3,889		—		—		119,306		10,440
1.65%		14,507		—		—		39,849		44,293
1.70%		21,270		—		1,232		47,793		103,418
1.75%		—		—		8,836		13,136		—
1.80%		315		—		—		28,546		—
1.85%		—		—		—		—		27,794
1.90%		—		—		—		—		—
Total		17,284,369		9,711,952		4,045,003		52,504,772		149,770,120

Subaccount	Oppen Main St Sm Cap VA, Serv		PIMCO VIT All Asset, Advisor Cl		PIMCO VIT Glb MA Man Alloc, Adv Cl		PIMCO VIT Tot Return, Advisor Cl		Put VT Global Hlth Care, Cl IB
0.55%		206,115		193,991		3,635		33,130		141,219
0.60%		3,348		—		—		—		—
0.75%		6,187,209		11,230,210		252,195		3,205,721		4,650,181
0.85%		3,840,173		6,060,592		103,079		1,837,827		—
0.95%		8,960,522		12,577,420		1,142,834		10,862,344		2,711,617
1.00%		1,603,656		2,052,001		82,924		507,900		905,855
1.05%		4,022,076		4,603,312		537,924		1,971,172		—
1.10%		3,907,195		2,748,885		699,439		3,912,279		—
1.15%		—		—		—		—		—
1.20%		2,250,808		2,305,577		323,865		2,253,957		358,142
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		237,501		581,028		28,410		70,642		—
1.30%		2,374,178		2,233,218		512,376		1,907,677		—
1.35%		1,244,730		574,962		298,584		2,210,703		—
1.40%		95,255		74,876		222,182		13,688		—
1.45%		276,273		543,380		95,462		576,960		—
1.50%		189,111		376,214		58,148		177,102		—
1.55%		52,335		49,368		—		58,269		—
1.60%		31,837		18,280		30		3,939		—
1.65%		19,613		81,817		27,183		129,928		—
1.70%		11,546		7,135		5,622		49,554		—
1.75%		—		59,679		1,555		—		—
1.80%		347		—		—		—		—
1.85%		606		—		—		91,702		—
1.90%		3,855		—		—		—		—
Total		35,518,289		46,371,945		4,395,447		29,874,494		8,767,014



94		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	Put VT Intl Eq, Cl IB		Put VT Sus Leaders, Cl IB		Temp Global Bond, Cl 2		VanEck VIP Global Gold, Cl S		VP Aggr, Cl 2
0.55%		44,309		20,767		146,132		72,854		1,471,343
0.60%		—		—		—		—		34,169
0.75%		3,903,966		5,938,075		6,218,161		2,248,736		38,344,524
0.85%		—		—		4,068,426		1,636,137		225,786,071
0.95%		2,654,191		4,052,263		12,794,170		3,447,918		152,981,610
1.00%		546,393		293,426		1,545,330		655,911		6,703,817
1.05%		—		—		1,801,693		821,188		16,497,288
1.10%		—		—		4,094,327		5,341,930		37,618,934
1.15%		—		—		—		—		207,517
1.20%		193,381		165,181		2,281,370		1,448,675		67,067,946
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		180,030		132,585		2,252,305
1.30%		—		—		1,991,464		743,816		16,142,216
1.35%		—		—		1,344,624		390,045		9,978,891
1.40%		—		—		27,216		6,318		4,349,592
1.45%		—		—		523,566		83,275		3,963,853
1.50%		—		—		223,801		75,215		1,987,494
1.55%		—		—		—		—		566,305
1.60%		—		—		39,185		57,286		682,885
1.65%		—		—		—		1,197		2,197,716
1.70%		—		—		121,769		8,236		398,230
1.75%		—		—		29,922		11,493		146,935
1.80%		—		—		—		4,696		—
1.85%		—		—		—		—		213,820
1.90%		—		—		—		—		—
Total		7,342,240		10,469,712		37,431,186		17,187,511		589,593,461

Subaccount	VP Aggr, Cl 4		VP Conserv, Cl 2		VP Conserv, Cl 4		VP Man Risk, Cl 2		VP Man Risk US, Cl 2
0.55%		2,702,233		1,096,516		294,945		54		54
0.60%		—		—		—		—		—
0.75%		52,291,444		25,210,081		29,120,950		682,232		913,099
0.85%		166,935,979		64,097,858		134,772,783		6,435,326		5,880,713
0.95%		25,063,645		78,912,350		31,019,623		62,630,149		46,892,542
1.00%		7,067,636		4,640,831		4,313,499		65,794		999
1.05%		57,916,855		16,141,094		89,262,267		4,032,812		1,202,238
1.10%		37,157,747		19,571,228		34,013,368		16,215,117		14,644,379
1.15%		—		12,116		—		—		—
1.20%		1,590,476		40,481,661		3,757,710		2,942,026		984,709
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		3,884,178		2,254,528		3,987,079		15,300		—
1.30%		8,431,818		25,984,174		20,733,495		2,225,431		1,001,418
1.35%		—		8,908,127		—		341,596		783,772
1.40%		—		7,304,246		—		—		—
1.45%		985,576		6,480,245		8,540,662		—		104,043
1.50%		—		2,559,994		—		1,493		—
1.55%		—		3,073,254		—		216,978		—
1.60%		—		838,968		—		—		—
1.65%		—		2,317,906		—		—		—
1.70%		—		2,237,975		—		—		—
1.75%		—		481,598		—		—		—
1.80%		—		1,033,388		—		—		—
1.85%		—		336,129		—		—		—
1.90%		—		—		—		—		—
Total		364,027,587		313,974,267		359,816,381		95,804,308		72,407,966



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			95


Subaccount	VP Man Vol Conserv, Cl 2		VP Man Vol Conserv Gro, Cl 2		VP Man Vol Gro, Cl 2		VP Man Vol Mod Gro, Cl 2		VP Mod, Cl 2
0.55%		—		355,449		5,746,599		1,568,363		2,419,903
0.60%		—		—		—		—		—
0.75%		4,976,915		13,370,114		159,164,109		107,281,539		202,039,153
0.85%		24,241,346		68,516,880		1,084,786,083		746,659,767		1,420,406,744
0.95%		190,636,663		551,934,088		4,142,751,255		5,611,465,336		1,174,751,820
1.00%		735,912		1,503,843		18,916,590		15,614,098		29,474,388
1.05%		14,406,187		33,260,325		349,612,847		962,479,989		114,235,068
1.10%		78,393,838		259,403,896		1,457,370,382		1,935,600,646		232,422,548
1.15%		—		531,621		2,705,822		8,022,788		809,217
1.20%		11,719,356		37,933,219		221,884,966		290,652,247		687,203,452
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		130,865		34,813		267,177		547,495		13,001,265
1.30%		10,912,152		35,519,897		104,138,402		314,108,578		154,848,607
1.35%		8,168,748		29,337,044		116,190,769		191,571,280		74,553,316
1.40%		1,310,585		1,028,373		3,584,749		23,925,381		39,432,775
1.45%		3,204,808		8,156,641		10,599,391		25,505,502		64,785,921
1.50%		947,572		926,644		5,163,230		15,918,137		19,721,620
1.55%		—		52,420		2,503,618		11,140,907		6,535,899
1.60%		66,132		466,605		2,669,826		6,651,837		10,194,314
1.65%		2,760		72,619		1,478,868		3,467,201		17,690,909
1.70%		561,111		2,231,958		512,844		6,923,842		8,517,605
1.75%		—		29,125		39,777		3,155,856		2,808,347
1.80%		—		221,280		—		9,284		1,194,123
1.85%		1,658,406		385,074		79,148		359,840		2,541,937
1.90%		—		—		—		40,409		—
Total		352,073,356		1,045,271,928		7,690,166,452		10,282,670,322		4,279,588,931

Subaccount	VP Mod, Cl 4		VP Mod Aggr, Cl 2		VP Mod Aggr, Cl 4		VP Mod Conserv, Cl 2		VP Mod Conserv, Cl 4
0.55%		5,544,327		1,114,224		6,411,592		1,504,802		1,555,441
0.60%		—		—		—		—		—
0.75%		431,168,344		114,302,532		190,983,798		63,093,423		97,808,652
0.85%		2,287,166,948		738,737,136		620,223,878		192,991,358		365,177,087
0.95%		294,255,448		543,397,783		122,006,973		242,611,856		82,016,829
1.00%		64,320,919		16,038,446		25,352,378		10,997,493		14,158,955
1.05%		887,951,507		59,098,820		240,802,205		37,995,974		193,216,594
1.10%		538,896,709		133,681,165		121,360,368		57,882,183		114,507,980
1.15%		—		362,311		—		640,921		—
1.20%		30,698,862		238,217,963		7,045,001		109,726,766		9,224,089
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		17,471,211		6,989,158		14,690,175		4,509,800		7,587,471
1.30%		213,954,501		66,160,185		37,243,160		49,985,144		67,224,969
1.35%		—		35,712,120		—		22,006,975		—
1.40%		—		13,404,987		—		14,330,977		—
1.45%		15,268,307		23,107,253		2,558,905		19,874,546		14,052,746
1.50%		—		8,880,124		—		4,586,021		—
1.55%		—		1,368,337		—		4,959,022		—
1.60%		—		3,698,652		—		5,020,610		—
1.65%		—		5,442,848		—		5,079,946		—
1.70%		—		3,037,544		—		3,995,521		—
1.75%		—		194,369		—		2,091,096		—
1.80%		—		347,081		—		567,300		—
1.85%		—		254,806		—		1,923,659		—
1.90%		—		—		—		901,102		—
Total		4,786,697,083		2,013,547,844		1,388,678,433		857,276,495		966,530,813



96		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	VP Ptnrs Sm Cap Val, Cl 3		VP US Flex Conserv Gro, Cl 2		VP US Flex Gro, Cl 2		VP US Flex Mod Gro, Cl 2		Wanger Intl
0.55%		85,862		—		13,998		—		506,491
0.60%		—		—		—		—		—
0.75%		9,947,316		920,632		6,834,029		4,216,449		19,892,501
0.85%		2,991,580		5,403,819		79,500,628		33,608,637		10,786,461
0.95%		5,225,725		76,923,765		921,055,681		630,876,460		13,039,589
1.00%		1,307,988		—		798,491		909,874		2,998,927
1.05%		1,489,473		2,836,803		43,745,861		21,321,039		5,803,243
1.10%		716,135		22,818,554		279,931,329		209,060,769		4,090,042
1.15%		—		—		437,938		22,636		—
1.20%		670,752		2,923,614		28,905,398		24,515,545		1,158,975
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		102,773		58,821		139,037		140,482		560,895
1.30%		304,241		4,740,742		17,010,057		21,109,440		1,220,886
1.35%		—		2,009,156		17,305,748		11,253,405		—
1.40%		—		69,740		1,677,977		2,164,999		—
1.45%		118,971		543,981		2,927,503		4,243,984		333,034
1.50%		—		104,465		166,628		563,249		—
1.55%		—		—		285,145		305,161		—
1.60%		—		—		738,502		256,130		—
1.65%		—		2,309		1,046,307		359,868		—
1.70%		—		69,039		348,543		659,050		—
1.75%		—		—		136,500		244,616		—
1.80%		—		18,908		43,653		17,944		—
1.85%		—		—		—		—		—
1.90%		—		—		—		—		—
Total		22,960,816		119,444,348		1,403,048,953		965,849,737		60,391,044

Subaccount	Wanger USA		WF VT Index Asset Alloc, Cl 2		WF VT Intl Eq, Cl 2		WF VT Opp, Cl 2		WF VT Sm Cap Gro, Cl 2
0.55%		310,773		—		134,173		10,308		42,768
0.60%		—		—		—		—		—
0.75%		24,347,690		5,332,791		5,700,633		5,008,414		5,145,963
0.85%		7,871,721		—		3,458,303		2,119,450		3,205,124
0.95%		15,268,697		3,272,146		5,463,163		4,409,924		7,938,545
1.00%		4,556,544		609,706		1,245,201		648,965		795,428
1.05%		5,071,905		—		2,114,466		1,466,976		2,190,977
1.10%		2,858,173		—		1,140,895		1,310,254		2,665,783
1.15%		—		—		—		11,256		14,356
1.20%		1,709,295		266,842		596,614		1,018,974		1,463,112
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		487,035		—		249,829		71,597		154,391
1.30%		1,045,527		—		702,652		704,173		1,172,840
1.35%		—		—		—		300,588		1,426,841
1.40%		—		—		—		67,838		64,707
1.45%		268,933		—		176,545		101,265		159,553
1.50%		—		—		—		25,094		207,622
1.55%		—		—		—		9,082		6,027
1.60%		—		—		—		14,067		43,157
1.65%		—		—		—		17,981		7,576
1.70%		—		—		—		58,319		32,129
1.75%		—		—		—		—		—
1.80%		—		—		—		—		23,679
1.85%		—		—		—		—		—
1.90%		—		—		—		3,559		—
Total		63,796,293		9,481,485		20,982,474		17,378,084		26,760,578



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			97


Subaccount	WA Var Global Hi Yd Bond, Cl II
0.55%		2,063
0.60%		—
0.75%		757,715
0.85%		355,085
0.95%		3,596,818
1.00%		127,387
1.05%		350,740
1.10%		846,209
1.15%		—
1.20%		536,646
1.25%		—
1.25%		—
1.25%		—
1.25%		—
1.25%		—
1.25%		140,486
1.30%		709,373
1.35%		328,855
1.40%		—
1.45%		519,546
1.50%		6,630
1.55%		15,558
1.60%		5,292
1.65%		9,782
1.70%		7,986
1.75%		—
1.80%		—
1.85%		1,500
1.90%		—
Total		8,317,671

The following is a summary of net assets at December 31, 2018:


Subaccount	AB VPS Dyn Asset Alloc, Cl B		AB VPS Global Thematic Gro, Cl B		AB VPS Gro & Inc, Cl B		AB VPS Intl Val, Cl B		ALPS Alerian Engy Infr, Class III
0.55%	$	81,972	$	22,165	$	378,498	$	568,119	$	248,521
0.60%		86		—		—		—		127
0.75%		336,088		1,561,857		33,340,398		40,338,424		4,039,923
0.85%		150,590		1,277,542		6,559,357		8,711,623		2,618,562
0.95%		2,274,338		1,070,294		21,542,072		22,641,061		9,390,483
1.00%		34,549		163,301		4,506,926		6,932,766		1,117,330
1.05%		260,691		536,960		3,441,879		3,951,750		1,880,935
1.10%		2,241,393		551,128		1,653,418		3,970,661		4,618,678
1.15%		84		—		—		—		8,359
1.20%		1,353,770		131,113		2,070,089		2,422,416		3,128,634
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		80		131,069		233,525		509,738		239,212
1.30%		1,552,413		145,490		532,497		1,683,499		1,876,092
1.35%		264,413		—		—		—		1,930,325
1.40%		78		—		—		—		156,171
1.45%		115,946		25,170		97,454		297,480		440,108
1.50%		27,937		—		—		—		56,806
1.55%		10,690		—		—		—		39,919
1.60%		73,518		—		—		—		145,448
1.65%		77		—		—		—		59,439
1.70%		17,556		—		—		—		84,045
1.75%		80		—		—		—		13,735
1.80%		80		—		—		—		36,801
1.85%		133,969		—		—		—		1,023
1.90%		80		—		—		—		115
Total	$	8,930,478	$	5,616,089	$	74,356,113	$	92,027,537	$	32,130,791



98		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	AC VP Intl, Cl II		AC VP Mid Cap Val, Cl II		AC VP Ultra, Cl II		AC VP Val, Cl II		BlackRock Global Alloc, Cl III
0.55%	$	372,228	$	373,757	$	428,367	$	417,995	$	132,924
0.60%		—		—		—		131		96
0.75%		9,409,754		12,459,480		10,293,633		46,910,441		8,879,025
0.85%		—		9,860,835		4,587,093		16,536,738		4,588,445
0.95%		6,459,765		10,490,426		6,632,727		47,024,433		24,070,218
1.00%		2,471,912		2,587,905		2,016,474		8,222,971		2,763,655
1.05%		—		7,167,176		3,051,189		12,460,384		3,585,801
1.10%		—		3,631,224		1,366,599		10,699,557		7,765,877
1.15%		—		—		—		68,035		3,666
1.20%		834,021		1,162,796		1,300,452		9,454,618		5,486,488
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		506,111		554,844		1,036,553		277,774
1.30%		—		2,009,354		491,490		5,925,414		5,710,236
1.35%		—		—		—		3,872,274		3,860,870
1.40%		—		—		—		201,877		566,055
1.45%		—		392,968		820,552		1,302,255		1,943,524
1.50%		—		—		—		808,049		804,717
1.55%		—		—		—		289,072		53,464
1.60%		—		—		—		132,051		211,024
1.65%		—		—		—		110,686		151,997
1.70%		—		—		—		247,721		320,374
1.75%		—		—		—		3,080		30,280
1.80%		—		—		—		33,163		74
1.85%		—		—		—		92,850		130,585
1.90%		—		—		—		119		73
Total	$	19,547,680	$	50,642,032	$	31,543,420	$	165,850,467	$	71,337,242

Subaccount	Calvert VP SRI Bal, Cl I		Col VP Bal, Cl 3		Col VP Commodity Strategy, Cl 2		Col VP Contrarian Core, Cl 2		Col VP Disciplined Core, Cl 3
0.55%	$	83	$	1,286,455	$	38,678	$	390,903	$	408,892
0.60%		—		51		83		6,443		—
0.75%		10,855,338		74,155,980		313,005		12,223,178		117,367,691
0.85%		—		30,030,320		282,655		6,730,237		5,068,269
0.95%		5,116,209		100,905,095		1,517,097		26,703,475		54,707,302
1.00%		1,680,232		14,671,103		124,551		2,600,000		7,271,922
1.05%		—		20,315,212		204,417		4,346,032		3,034,725
1.10%		—		41,908,146		966,134		10,296,897		1,873,118
1.15%		—		240,204		100		487		—
1.20%		706,901		23,345,327		419,136		8,017,709		2,692,345
1.25%		—		—		—		—		—
1.25%		—		3,314,186		—		—		668,747
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		56,354,798		—		—		118,893,565
1.25%		—		—		3,978		277,856		—
1.30%		—		24,545,325		222,381		3,553,353		799,454
1.35%		—		21,570,651		268,453		5,005,383		—
1.40%		—		1,135,433		1,453		259,851		—
1.45%		—		4,978,606		54,361		1,207,702		133,488
1.50%		—		2,030,454		35,515		803,644		—
1.55%		—		556,278		16,638		49,928		—
1.60%		—		627,411		13,161		320,762		—
1.65%		—		758,382		5,971		65,515		—
1.70%		—		1,019,075		97		400,602		—
1.75%		—		331,256		97		14,857		—
1.80%		—		130,514		96		22		—
1.85%		—		536,557		96		32,117		—
1.90%		—		46		3,249		22		—
Total	$	18,358,763	$	424,746,865	$	4,491,402	$	83,306,975	$	312,919,518



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			99


Subaccount	Col VP Div Abs Return, Cl 2		Col VP Divd Opp, Cl 3		Col VP Emerg Mkts Bond, Cl 2		Col VP Emer Mkts, Cl 3		Col VP Global Strategic Inc, Cl 3
0.55%	$	7,509	$	2,347,837	$	642,889	$	1,540,710	$	333,697
0.60%		20		—		76		—		—
0.75%		379,544		168,451,660		1,624,872		33,140,906		25,181,619
0.85%		287,222		38,317,700		1,031,329		12,152,432		6,533,900
0.95%		828,886		95,447,896		4,401,040		19,711,092		20,940,996
1.00%		79,185		23,637,591		316,501		6,479,239		3,102,117
1.05%		200,569		18,103,499		993,256		6,305,388		4,440,200
1.10%		210,717		12,921,456		1,294,114		5,900,783		1,788,854
1.15%		20		—		74		—		—
1.20%		297,842		8,720,104		924,356		1,844,021		2,487,651
1.25%		—		52,486,794		—		23,544,243		—
1.25%		—		2,410,829		—		894,182		351,283
1.25%		—		—		—		—		—
1.25%		—		—		—		—		6,110,843
1.25%		—		—		—		—		—
1.25%		6,043		—		123,195		—		—
1.30%		363,448		5,587,884		685,294		1,674,884		1,364,012
1.35%		251,901		—		592,311		—		—
1.40%		19		—		13,751		—		—
1.45%		54,329		1,856,561		185,288		369,485		468,207
1.50%		19		—		66,513		—		—
1.55%		8,734		—		14,852		—		—
1.60%		19		—		10,531		—		—
1.65%		9,335		—		28,835		—		—
1.70%		4,027		—		48,127		—		—
1.75%		20		—		139		—		—
1.80%		20		—		73		—		—
1.85%		20		—		73		—		—
1.90%		20		—		73		—		—
Total	$	2,989,468	$	430,289,811	$	12,997,562	$	113,557,365	$	73,103,379

Subaccount	Col VP Govt Money Mkt, Cl 3		Col VP Hi Yield Bond, Cl 3		Col VP Inc Opp, Cl 3		Col VP Inter Bond, Cl 3		Col VP Lg Cap Gro, Cl 3
0.55%	$	3,827,111	$	1,203,782	$	1,128,054	$	1,170,773	$	1,160,667
0.60%		—		—		—		—		—
0.75%		38,569,131		65,801,875		39,108,335		105,800,757		58,313,940
0.85%		10,408,242		15,623,110		15,837,754		26,713,405		7,996,557
0.95%		28,570,611		51,014,448		27,489,384		81,369,692		30,393,669
1.00%		4,031,607		8,030,256		6,381,510		12,301,273		5,192,896
1.05%		6,636,849		10,236,235		10,421,507		19,957,893		3,817,501
1.10%		3,799,484		4,799,387		5,312,162		6,518,172		2,400,223
1.15%		—		—		—		—		—
1.20%		2,449,003		5,240,974		5,016,592		10,000,237		2,088,508
1.25%		—		—		—		—		—
1.25%		2,154,329		740,224		—		1,054,040		—
1.25%		—		—		—		—		—
1.25%		—		22,339,166		—		—		—
1.25%		14,115,331		—		—		26,324,787		—
1.25%		—		—		977,555		—		477,318
1.30%		1,185,829		2,404,928		3,142,622		5,209,061		725,477
1.35%		—		—		—		—		—
1.40%		—		—		—		—		—
1.45%		1,137,255		1,999,785		1,071,624		1,638,983		135,895
1.50%		—		—		—		—		—
1.55%		—		—		—		—		—
1.60%		—		—		—		—		—
1.65%		—		—		—		—		—
1.70%		—		—		—		—		—
1.75%		—		—		—		—		—
1.80%		—		—		—		—		—
1.85%		—		—		—		—		—
1.90%		—		—		—		—		—
Total	$	116,884,782	$	189,434,170	$	115,887,099	$	298,059,073	$	112,702,651



100		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	Col VP Lg Cap Index, Cl 3		Col VP Limited Duration Cr, Cl 2		Col VP Long Govt/Cr Bond, Cl 2		Col VP Mid Cap Gro, Cl 3		Col VP Mid Cap Val, Cl 3
0.55%	$	430,704	$	12,341	$	13,574	$	277,504	$	533,948
0.60%		23		80		80		—		—
0.75%		62,515,874		4,893,582		1,966,782		22,337,243		14,151,680
0.85%		18,574,375		2,876,719		775,075		3,820,862		10,036,953
0.95%		104,746,017		13,341,785		4,270,051		12,519,528		9,150,639
1.00%		12,350,230		709,438		278,102		1,460,517		2,024,913
1.05%		12,600,039		2,348,361		987,727		2,003,553		4,904,372
1.10%		31,626,728		2,776,717		886,503		1,093,037		3,009,375
1.15%		167,707		21,071		78		—		—
1.20%		21,876,243		4,008,333		719,893		756,620		1,033,769
1.25%		—		—		—		—		—
1.25%		—		—		—		112,455		—
1.25%		—		—		—		22,759,465		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		1,293,293		216,682		62,697		—		267,273
1.30%		22,332,037		2,669,016		591,828		349,628		1,276,752
1.35%		12,359,720		2,081,410		600,194		—		—
1.40%		866,880		307,158		67,036		—		—
1.45%		3,822,705		830,897		299,844		68,376		263,538
1.50%		2,113,942		168,989		32,253		—		—
1.55%		448,458		57,146		23,347		—		—
1.60%		365,662		44,427		74		—		—
1.65%		321,488		57,367		77		—		—
1.70%		751,821		290,746		2,541		—		—
1.75%		23,186		100		7,826		—		—
1.80%		14,567		87		76		—		—
1.85%		83,702		74,601		76		—		—
1.90%		16,688		78		76		—		—
Total	$	309,702,089	$	37,787,131	$	11,585,810	$	67,558,788	$	46,653,212

Subaccount	Col VP Overseas Core, 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
0.55%	$	556,313	$	174,207	$	256,981	$	87,270	$	172,026
0.60%		—		—		—		—		—
0.75%		17,094,976		9,757,044		15,591,236		26,130,164		4,251,990
0.85%		5,995,014		4,297,017		2,402,710		6,031,100		1,738,324
0.95%		10,686,906		8,987,082		9,679,749		21,678,569		3,155,400
1.00%		2,103,703		1,592,258		1,892,995		2,623,900		1,258,878
1.05%		3,346,794		4,349,610		1,720,738		3,604,355		1,250,110
1.10%		2,853,117		1,241,710		1,040,727		1,366,981		966,161
1.15%		—		—		—		—		—
1.20%		1,127,929		1,230,662		688,354		2,539,075		259,675
1.25%		—		—		—		—		—
1.25%		565,502		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		20,904,558		—		—		—		—
1.25%		—		122,924		155,904		318,027		108,428
1.30%		1,200,279		605,554		676,266		1,198,766		360,740
1.35%		—		—		—		—		—
1.40%		—		—		—		—		—
1.45%		149,725		129,286		34,444		684,698		133,865
1.50%		—		—		—		—		—
1.55%		—		—		—		—		—
1.60%		—		—		—		—		—
1.65%		—		—		—		—		—
1.70%		—		—		—		—		—
1.75%		—		—		—		—		—
1.80%		—		—		—		—		—
1.85%		—		—		—		—		—
1.90%		—		—		—		—		—
Total	$	66,584,816	$	32,487,354	$	34,140,104	$	66,262,905	$	13,655,597



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			101


Subaccount	CTIVP AQR Man Fut Strategy, Cl 2		CTIVP BR Gl Infl Prot Sec, Cl 3		CTIVP Lazard Intl Eq Adv, Cl 2		CTIVP Loomis Sayles Gro, Cl 1		CTIVP MFS Blend Res Core Eq, Cl 3
0.55%	$	426,133	$	558,646	$	18,293	$	736,142	$	164,810
0.60%		67		—		79		—		—
0.75%		2,279,155		28,257,425		1,229,912		37,491,768		6,882,321
0.85%		996,275		10,160,160		948,434		23,740,231		5,637,047
0.95%		4,223,198		20,325,014		7,009,650		23,354,508		4,366,290
1.00%		1,054,984		4,165,447		321,101		5,397,452		617,405
1.05%		787,932		6,168,929		711,008		11,437,408		2,464,549
1.10%		1,779,493		1,971,048		1,866,553		7,398,559		1,165,749
1.15%		69		—		78		—		—
1.20%		786,284		3,273,135		1,818,709		2,404,376		507,458
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		180,641		557,086		84,610		1,492,458		185,741
1.30%		510,131		1,759,219		1,391,792		2,886,763		998,153
1.35%		765,485		—		739,988		—		—
1.40%		66		—		14,576		—		—
1.45%		239,849		957,196		111,198		795,807		156,328
1.50%		36,705		—		40,938		—		—
1.55%		14,866		—		24,259		—		—
1.60%		31,369		—		18,636		—		—
1.65%		10,341		—		13,954		—		—
1.70%		4,208		—		20,237		—		—
1.75%		125		—		75		—		—
1.80%		65		—		62		—		—
1.85%		1,211		—		75		—		—
1.90%		65		—		75		—		—
Total	$	14,128,717	$	78,153,305	$	16,384,292	$	117,135,472	$	23,145,851

Subaccount	CTIVP Vty Sycamore Estb Val, Cl 3		CTIVP WF Short Duration Govt, Cl 2		DWS Alt Asset Alloc VIP, Cl B		EV VT Floating-Rate Inc, Init Cl		Fid VIP Contrafund, Serv Cl 2
0.55%	$	263,263	$	23,013	$	20,031	$	2,381,070	$	1,929,860
0.60%		—		75		76		—		7,287
0.75%		10,383,792		3,289,364		2,489,442		42,552,870		89,241,450
0.85%		4,723,311		1,317,200		1,334,258		17,881,020		47,420,188
0.95%		7,678,763		9,551,599		4,548,668		37,944,987		100,258,662
1.00%		2,326,839		546,351		393,135		7,052,303		16,002,996
1.05%		3,022,409		1,151,918		658,355		12,794,639		32,182,960
1.10%		2,306,028		1,660,151		952,155		7,390,107		39,955,312
1.15%		—		4,854		72		—		66,157
1.20%		811,407		1,378,528		978,130		4,787,396		18,437,308
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		304,642		122,991		160,783		1,692,430		5,232,585
1.30%		900,008		1,520,631		688,726		5,489,530		18,312,025
1.35%		—		1,237,102		579,361		—		10,809,872
1.40%		—		103,346		172,485		—		1,077,937
1.45%		180,288		472,230		125,559		2,482,710		5,278,502
1.50%		—		162,596		110,219		—		1,612,639
1.55%		—		145,271		13,299		—		222,741
1.60%		—		16,727		26,285		—		142,043
1.65%		—		62,120		20,337		—		192,492
1.70%		—		75,495		73,349		—		410,568
1.75%		—		75		464		—		13,879
1.80%		—		10,925		71		—		10,085
1.85%		—		75		2,514		—		72,326
1.90%		—		73		69		—		40,646
Total	$	32,900,750	$	22,852,710	$	13,347,843	$	142,449,062	$	388,930,520



102		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	Fid VIP Gro & Inc, Serv Cl 2		Fid VIP Mid Cap, Serv Cl 2		Fid VIP Overseas, Serv Cl 2		Fid VIP Strategic Inc, Serv Cl 2		Frank Global Real Est, Cl 2
0.55%	$	200,623	$	1,864,274	$	373,251	$	354,214	$	597,076
0.60%		—		2,870		—		6,427		—
0.75%		46,045,679		116,448,465		17,703,316		21,007,699		34,119,098
0.85%		—		35,633,163		5,229,177		9,878,954		6,452,208
0.95%		27,422,981		86,803,500		12,337,990		38,626,196		21,014,264
1.00%		7,325,448		20,670,284		3,128,019		4,962,884		4,604,262
1.05%		—		18,268,537		2,594,052		11,125,272		2,799,006
1.10%		—		20,826,776		1,651,656		13,544,989		2,518,051
1.15%		—		16,341		—		47,256		—
1.20%		3,460,229		15,576,082		1,331,724		7,838,062		1,967,794
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		1,977,533		297,026		1,785,762		264,577
1.30%		—		9,058,733		845,121		7,238,919		1,638,392
1.35%		—		4,660,489		—		4,789,454		—
1.40%		—		550,262		—		195,368		—
1.45%		—		1,613,126		340,056		2,191,440		122,649
1.50%		—		495,618		—		541,543		—
1.55%		—		74,968		—		102,270		—
1.60%		—		210,798		—		201,679		—
1.65%		—		71,893		—		226,921		—
1.70%		—		124,580		—		279,495		—
1.75%		—		15,275		—		81		—
1.80%		—		15,992		—		81		—
1.85%		—		58,525		—		44,900		—
1.90%		—		151		—		54,869		—
Total	$	84,454,960	$	335,038,235	$	45,831,388	$	125,044,735	$	76,097,377

Subaccount	Frank Inc, Cl 2		Frank Mutual Shares, Cl 2		Frank Sm Cap Val, Cl 2		GS VIT Mid Cap Val, Inst		GS VIT Multi-Strategy Alt, Advisor
0.55%	$	83,294	$	258,299	$	787,540	$	1,149,919	$	245,266
0.60%		90		116		129		—		66
0.75%		5,041,867		22,480,730		34,887,366		61,393,586		447,714
0.85%		3,766,445		11,196,876		9,611,648		—		321,010
0.95%		14,984,960		21,948,398		31,504,429		37,230,664		2,186,779
1.00%		952,370		5,565,723		5,403,127		8,993,416		130,683
1.05%		2,321,184		6,112,016		4,499,585		—		183,719
1.10%		9,470,148		6,018,009		7,428,169		—		465,284
1.15%		87		2,688		45,199		—		64
1.20%		5,925,125		4,065,462		5,715,663		3,857,420		516,179
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		267,117		652,927		298,115		—		28,459
1.30%		3,231,965		3,636,651		3,387,544		—		559,035
1.35%		3,836,602		1,163,051		2,999,605		—		243,282
1.40%		201,910		5,632		316,462		—		14,557
1.45%		1,734,261		671,339		430,920		—		47,522
1.50%		295,374		45,054		301,106		—		1,171
1.55%		64,207		16,869		37,505		—		70
1.60%		130,753		1,659		66,994		—		1,639
1.65%		143,211		15,438		41,980		—		96
1.70%		194,120		49,821		79,551		—		1,465
1.75%		13,804		93		39,963		—		69
1.80%		89		45,283		558		—		63
1.85%		91,369		4,560		2,343		—		69
1.90%		84		106		108		—		62
Total	$	52,750,436	$	83,956,800	$	107,885,609	$	112,625,005	$	5,394,323



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			103


Subaccount	GS VIT U.S. Eq Insights, Inst		Invesco VI Am Fran, Ser II		Invesco VI Bal Risk Alloc, Ser II		Invesco VI Comstock, Ser II		Invesco VI Div Divd, Ser I
0.55%	$	1,000,670	$	100,264	$	227,735	$	984,375	$	181,208
0.60%		—		—		84		—		—
0.75%		47,916,895		22,027,818		4,635,935		47,173,782		11,555,116
0.85%		8,183,028		2,847,104		2,133,279		9,488,960		—
0.95%		31,161,105		11,040,488		10,717,740		23,922,425		7,166,479
1.00%		5,616,671		3,056,833		2,014,066		11,291,856		3,201,280
1.05%		5,033,935		1,307,493		2,281,533		4,762,044		—
1.10%		1,906,189		569,457		4,795,991		3,188,671		—
1.15%		—		—		9,085		—		—
1.20%		2,478,827		1,248,276		2,749,998		4,673,717		1,023,406
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		499,928		186,925		248,123		549,217		—
1.30%		1,220,933		227,733		4,398,600		2,118,527		—
1.35%		—		—		1,541,061		—		—
1.40%		—		—		147,949		—		—
1.45%		173,970		68,442		905,510		402,466		—
1.50%		—		—		222,303		—		—
1.55%		—		—		70		—		—
1.60%		—		—		160,331		—		—
1.65%		—		—		145,731		—		—
1.70%		—		—		73,840		—		—
1.75%		—		—		303,029		—		—
1.80%		—		—		71		—		—
1.85%		—		—		55,974		—		—
1.90%		—		—		78		—		—
Total	$	105,192,151	$	42,680,833	$	37,768,116	$	108,556,040	$	23,127,489

Subaccount	Invesco VI Hlth, Ser II		Invesco VI Intl Gro, Ser II		Invesco VI Mid Cap Gro, Ser I		Invesco VI Tech, Ser I		Ivy VIP Asset Strategy
0.55%	$	679,899	$	392,098	$	120,058	$	705,407	$	17,633
0.60%		—		—		—		—		82
0.75%		11,403,861		18,452,540		9,535,503		11,586,329		1,515,674
0.85%		7,914,777		7,781,527		—		—		1,237,678
0.95%		6,518,182		14,416,840		6,387,414		5,556,050		4,093,462
1.00%		1,998,041		2,523,685		510,168		2,479,204		554,741
1.05%		4,978,695		4,574,497		—		—		862,306
1.10%		3,706,438		2,580,613		—		—		2,799,453
1.15%		—		—		—		—		79
1.20%		554,897		1,051,830		278,371		936,802		924,881
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		275,963		432,750		—		—		105,910
1.30%		1,117,619		962,873		—		—		981,682
1.35%		—		—		—		—		870,484
1.40%		—		—		—		—		72
1.45%		205,161		245,936		—		—		347,111
1.50%		—		—		—		—		218,484
1.55%		—		—		—		—		19,721
1.60%		—		—		—		—		17,724
1.65%		—		—		—		—		81
1.70%		—		—		—		—		28,483
1.75%		—		—		—		—		7,839
1.80%		—		—		—		—		69
1.85%		—		—		—		—		101
1.90%		—		—		—		—		76
Total	$	39,353,533	$	53,415,189	$	16,831,514	$	21,263,792	$	14,603,826



104		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	Janus Henderson VIT Bal, Serv		Janus Henderson VIT Flex Bd, Serv		Janus Henderson VIT Gbl Tech, Serv		Janus Henderson VIT Overseas, Serv		Janus Henderson VIT Res, Serv
0.55%	$	197,413	$	29,404	$	362,044	$	107,512	$	294,881
0.60%		150		79		—		—		194
0.75%		3,423,200		5,695,526		13,786,127		11,025,749		8,537,227
0.85%		1,571,775		3,845,187		—		—		7,684,385
0.95%		9,783,615		15,263,092		7,474,426		7,797,871		10,285,253
1.00%		1,816,603		1,365,258		580,991		363,203		1,498,077
1.05%		909,656		2,724,156		—		—		3,308,419
1.10%		6,227,056		3,979,462		—		—		3,960,981
1.15%		150		104,734		—		—		30,054
1.20%		3,188,697		3,273,105		237,456		192,920		2,402,714
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		51,391		227,850		—		—		373,670
1.30%		1,675,643		2,399,204		—		—		1,619,031
1.35%		1,867,681		1,427,973		—		—		1,107,255
1.40%		40,680		295,605		—		—		5,498
1.45%		379,620		852,719		—		—		496,674
1.50%		146,836		168,380		—		—		275,893
1.55%		21,926		18,550		—		—		49,654
1.60%		57,368		62,285		—		—		55,722
1.65%		323,263		39,358		—		—		196
1.70%		127,932		99,360		—		—		66,238
1.75%		12,648		75		—		—		209
1.80%		5,832		90		—		—		7,804
1.85%		10,145		1,767		—		—		6,464
1.90%		149		33,432		—		—		176
Total	$	31,839,429	$	41,906,651	$	22,441,044	$	19,487,255	$	42,066,669

Subaccount	Lazard Ret Global Dyn MA, Serv		MFS Mass Inv Gro Stock, Serv Cl		MFS New Dis, Serv Cl		MFS Utilities, Serv Cl		MS VIF Global Real Est, Cl II
0.55%	$	170,178	$	130,900	$	197,612	$	1,065,364	$	286,756
0.60%		95		—		—		155		—
0.75%		2,187,433		23,730,739		16,849,913		41,483,020		7,877,929
0.85%		1,255,424		3,581,568		—		19,532,496		4,773,231
0.95%		4,642,344		14,413,156		9,921,068		40,051,290		5,990,648
1.00%		430,536		3,271,682		1,388,088		7,019,845		1,697,415
1.05%		917,337		2,873,526		—		11,207,564		3,307,937
1.10%		2,340,276		2,721,339		—		11,254,182		1,742,087
1.15%		93		—		—		11,037		—
1.20%		1,636,465		1,302,886		844,524		7,407,602		725,123
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		139,909		529,186		—		1,074,968		305,978
1.30%		4,563,072		928,620		—		4,726,803		846,012
1.35%		446,898		—		—		2,699,157		—
1.40%		82		—		—		642,511		—
1.45%		151,728		286,431		—		1,469,858		280,918
1.50%		26,491		—		—		797,473		—
1.55%		15,629		—		—		173,930		—
1.60%		115,184		—		—		113,745		—
1.65%		100		—		—		90,487		—
1.70%		151,236		—		—		122,544		—
1.75%		91		—		—		15,624		—
1.80%		83		—		—		2,718		—
1.85%		54,515		—		—		52,456		—
1.90%		89		—		—		141		—
Total	$	19,245,288	$	53,770,033	$	29,201,205	$	151,014,970	$	27,834,034



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			105


Subaccount	MS VIF Mid Cap Gro, Cl II		NB AMT Intl Eq, Cl S		NB AMT US Eq Index PW Strat, Cl S		Oppen Global VA, Serv		Oppen Global Strategic Inc VA, Srv
0.55%	$	259,929	$	85,740	$	70,023	$	598,900	$	1,629,549
0.60%		131		—		68		8,927		77
0.75%		6,835,442		2,915,017		208,295		27,757,751		75,151,768
0.85%		5,596,768		2,131,962		575,509		11,623,076		27,150,144
0.95%		10,006,246		2,241,229		1,051,254		30,584,031		63,975,677
1.00%		1,386,021		427,301		10,352		6,304,186		12,309,839
1.05%		3,890,799		969,714		70,522		8,680,665		20,897,913
1.10%		4,618,760		1,056,739		454,446		9,630,224		11,039,296
1.15%		7,141		—		66		19,987		5,143
1.20%		2,469,344		115,158		361,691		7,288,899		8,323,264
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		686,808		128,809		2,848		1,179,506		1,817,199
1.30%		2,379,664		591,847		506,355		4,779,667		8,549,962
1.35%		848,986		—		64,682		4,281,415		1,123,701
1.40%		129,388		—		18,347		110,962		73
1.45%		282,821		113,042		182,826		742,009		2,594,207
1.50%		132,464		—		86		332,393		77,435
1.55%		24,959		—		72		164,432		49,609
1.60%		7,966		—		65		217,837		9,999
1.65%		29,587		—		65		72,452		42,281
1.70%		43,198		—		1,064		86,525		98,446
1.75%		87		—		7,587		23,855		73
1.80%		634		—		73		51,249		76
1.85%		119		—		65		197		26,229
1.90%		119		—		64		197		72
Total	$	39,637,381	$	10,776,558	$	3,586,425	$	114,539,342	$	234,872,032

Subaccount	Oppen Main St Sm Cap VA, Serv		PIMCO VIT All Asset, Advisor Cl		PIMCO VIT Glb MA Man Alloc, Adv Cl		PIMCO VIT Tot Return, Advisor Cl		Put VT Global Hlth Care, Cl IB
0.55%	$	579,939	$	307,731	$	3,908	$	34,641	$	378,070
0.60%		5,994		87		81		2,215		—
0.75%		16,917,861		17,370,048		267,456		3,319,685		12,053,974
0.85%		7,990,315		9,572,162		108,755		1,892,078		—
0.95%		23,849,513		19,062,224		1,196,037		11,118,969		6,803,810
1.00%		4,218,269		3,057,992		86,493		518,419		2,336,168
1.05%		8,169,903		7,024,401		559,208		2,006,207		—
1.10%		7,878,993		4,153,340		724,696		3,970,432		—
1.15%		133		78		78		2,147		—
1.20%		5,745,791		3,349,683		333,313		2,274,388		892,973
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		470,127		861,666		29,223		71,078		—
1.30%		4,669,629		3,290,074		523,731		1,913,940		—
1.35%		2,777,366		708,120		304,237		2,212,031		—
1.40%		211,628		91,800		225,642		13,661		—
1.45%		533,216		812,871		96,623		573,909		—
1.50%		314,258		408,349		58,652		175,654		—
1.55%		114,716		59,878		94		57,628		—
1.60%		69,555		22,037		109		5,953		—
1.65%		42,663		98,225		27,146		127,762		—
1.70%		25,010		8,531		5,597		48,592		—
1.75%		115		71,044		1,618		2,021		—
1.80%		746		70		75		2,070		—
1.85%		984		80		75		89,151		—
1.90%		6,235		79		75		2,057		—
Total	$	84,592,959	$	70,330,570	$	4,552,922	$	30,434,688	$	22,464,995



106		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	Put VT Intl Eq, Cl IB		Put VT Sus Leaders, Cl IB		Temp Global Bond, Cl 2		VanEck VIP Global Gold, Cl S		VP Aggr, Cl 2
0.55%	$	68,834	$	52,769	$	145,577	$	54,036	$	2,540,090
0.60%		—		—		99		115		49,058
0.75%		5,857,818		14,842,038		6,124,043		1,648,992		65,046,644
0.85%		—		—		3,983,788		1,193,091		380,189,002
0.95%		3,860,525		10,017,639		12,456,673		2,499,786		256,097,313
1.00%		863,258		718,583		1,500,288		473,863		11,132,231
1.05%		—		—		1,744,213		592,007		27,282,056
1.10%		—		—		3,952,626		3,839,923		61,918,067
1.15%		—		—		96		106		289,601
1.20%		295,302		397,797		2,189,646		1,035,460		109,520,278
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		172,292		94,498		3,659,200
1.30%		—		—		1,900,445		528,634		26,097,240
1.35%		—		—		1,279,862		276,410		16,725,409
1.40%		—		—		25,823		4,465		7,261,317
1.45%		—		—		495,375		58,672		6,326,130
1.50%		—		—		211,116		52,767		2,709,296
1.55%		—		—		76		98		933,589
1.60%		—		—		36,756		40,024		1,120,562
1.65%		—		—		75		835		3,591,792
1.70%		—		—		113,568		5,722		647,952
1.75%		—		—		27,828		7,962		238,098
1.80%		—		—		96		3,353		21
1.85%		—		—		75		109		284,667
1.90%		—		—		75		109		45
Total	$	10,945,737	$	26,028,826	$	36,360,511	$	12,411,037	$	983,659,658

Subaccount	VP Aggr, Cl 4		VP Conserv, Cl 2		VP Conserv, Cl 4		VP Man Risk, Cl 2		VP Man Risk US, Cl 2
0.55%	$	4,670,609	$	1,409,924	$	379,277	$	53	$	74
0.60%		—		43		—		20		20
0.75%		88,801,533		31,855,934		36,794,635		664,168		912,401
0.85%		281,162,714		80,330,522		168,904,269		6,256,899		5,868,753
0.95%		41,836,386		98,369,867		38,526,417		60,815,763		46,736,109
1.00%		11,749,905		5,741,360		5,336,429		63,846		1,015
1.05%		95,813,273		19,949,252		109,867,892		3,910,815		1,196,683
1.10%		61,225,746		23,994,297		41,701,853		15,714,637		14,567,466
1.15%		—		13,476		—		20		20
1.20%		2,597,293		49,274,123		4,565,849		2,847,501		978,257
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		6,317,494		2,728,602		4,825,294		14,799		20
1.30%		13,646,904		31,289,899		24,966,666		2,151,149		993,567
1.35%		—		10,742,273		—		329,981		777,127
1.40%		—		8,774,128		—		20		20
1.45%		1,574,698		7,702,965		10,152,036		19		103,047
1.50%		—		2,779,921		—		1,459		20
1.55%		—		3,645,950		—		209,064		20
1.60%		—		990,849		—		20		20
1.65%		—		2,725,804		—		20		20
1.70%		—		2,619,696		—		20		20
1.75%		—		561,500		—		20		20
1.80%		—		1,199,617		—		20		20
1.85%		—		356,493		—		20		20
1.90%		—		23		—		20		20
Total	$	609,396,555	$	387,056,518	$	446,020,617	$	92,980,353	$	72,134,759



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			107


Subaccount	VP Man Vol Conserv, Cl 2		VP Man Vol Conserv Gro, Cl 2		VP Man Vol Gro, Cl 2		VP Man Vol Mod Gro, Cl 2		VP Mod, Cl 2
0.55%	$	22	$	394,353	$	7,424,873	$	1,772,476	$	4,441,484
0.60%		21		21		21		21		22
0.75%		5,365,431		14,679,332		179,338,066		119,999,762		301,562,649
0.85%		26,006,385		74,859,186		1,216,647,394		831,042,822		2,101,956,849
0.95%		205,204,710		619,535,617		5,009,331,956		7,034,635,499		1,724,170,181
1.00%		783,418		1,630,019		21,046,729		17,245,717		43,080,128
1.05%		15,416,034		37,719,050		420,253,756		1,198,275,159		166,571,942
1.10%		83,672,017		288,698,116		1,747,241,595		2,240,411,449		336,866,494
1.15%		22		589,829		3,234,241		9,922,703		1,014,592
1.20%		12,434,905		41,966,380		264,459,089		358,266,002		986,338,642
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		137,518		37,258		293,435		596,909		18,596,527
1.30%		11,510,930		39,067,404		123,395,194		384,578,230		220,676,311
1.35%		8,594,441		32,181,542		137,308,655		233,792,871		107,133,134
1.40%		1,375,187		1,125,077		4,224,986		29,108,507		56,443,624
1.45%		3,352,279		8,895,833		12,453,952		30,913,333		91,002,091
1.50%		988,493		1,007,903		6,049,922		19,233,683		24,151,003
1.55%		22		56,782		2,925,861		13,419,646		9,238,656
1.60%		68,596		504,597		3,110,224		7,481,140		14,341,093
1.65%		2,854		78,281		1,718,102		4,147,702		24,789,685
1.70%		578,603		2,399,751		594,032		8,253,634		11,882,270
1.75%		22		31,236		45,949		3,749,663		3,901,483
1.80%		22		236,633		22		10,986		1,651,985
1.85%		1,695,637		410,536		90,918		424,676		3,039,603
1.90%		22		20		21		47,532		23
Total	$	377,187,591	$	1,166,104,756	$	9,161,188,993	$	12,547,330,122	$	6,252,850,471

Subaccount	VP Mod, Cl 4		VP Mod Aggr, Cl 2		VP Mod Aggr, Cl 4		VP Mod Conserv, Cl 2		VP Mod Conserv, Cl 4
0.55%	$	8,430,466	$	1,817,568	$	10,433,487	$	2,101,563	$	2,176,899
0.60%		—		21		—		21		—
0.75%		644,160,148		182,576,100		305,359,690		86,578,732		134,483,978
0.85%		3,388,869,668		1,170,355,720		983,498,737		262,648,717		498,014,237
0.95%		432,088,886		853,655,104		191,741,359		327,438,579		110,852,861
1.00%		94,079,349		25,075,455		39,685,242		14,774,767		19,060,969
1.05%		1,292,335,355		92,448,270		375,071,891		51,227,893		258,809,139
1.10%		781,168,627		207,148,449		188,277,871		77,069,477		152,773,549
1.15%		—		478,842		—		755,013		—
1.20%		44,102,601		365,860,063		10,832,368		144,942,954		12,197,041
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		24,999,957		10,690,742		22,496,260		5,926,961		9,992,928
1.30%		304,651,428		100,941,764		56,755,880		65,496,567		88,096,127
1.35%		—		55,429,522		—		28,907,429		—
1.40%		—		20,725,514		—		18,751,986		—
1.45%		21,461,087		34,803,220		3,849,373		25,757,965		18,178,949
1.50%		—		11,463,128		—		5,276,658		—
1.55%		—		2,088,906		—		6,407,601		—
1.60%		—		5,620,281		—		6,456,404		—
1.65%		—		8,238,116		—		6,507,248		—
1.70%		—		4,577,091		—		5,094,770		—
1.75%		—		291,742		—		2,655,657		—
1.80%		—		518,609		—		717,146		—
1.85%		—		321,262		—		2,161,706		—
1.90%		—		42		—		1,009,293		—
Total	$	7,036,347,572	$	3,155,125,531	$	2,188,002,158	$	1,148,665,107	$	1,304,636,677



108		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


Subaccount	VP Ptnrs Sm Cap Val, Cl 3		VP US Flex Conserv Gro, Cl 2		VP US Flex Gro, Cl 2		VP US Flex Mod Gro, Cl 2		Wanger Intl
0.55%	$	268,351	$	20	$	14,246	$	20	$	1,697,291
0.60%		—		22		23		22		—
0.75%		30,262,722		921,822		6,926,739		4,250,379		64,218,930
0.85%		5,273,896		5,820,039		91,946,843		37,549,642		18,780,848
0.95%		15,521,861		82,705,201		1,062,917,785		703,329,018		40,718,147
1.00%		3,596,284		20		806,735		914,258		11,170,016
1.05%		2,560,312		3,042,047		50,374,705		23,718,246		9,839,768
1.10%		1,223,302		24,443,403		322,007,084		232,318,663		6,893,239
1.15%		—		22		503,211		25,148		—
1.20%		1,782,319		3,124,977		33,177,468		27,183,427		4,194,290
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		172,485		62,827		159,416		155,625		927,636
1.30%		507,055		5,056,284		19,481,772		23,355,994		2,006,618
1.35%		—		2,140,569		19,799,191		12,437,737		—
1.40%		—		74,246		1,917,681		2,390,269		—
1.45%		194,497		578,304		3,342,054		4,680,462		537,291
1.50%		—		110,938		190,019		620,510		—
1.55%		—		22		324,824		335,827		—
1.60%		—		22		840,344		281,555		—
1.65%		—		2,466		1,189,326		395,164		—
1.70%		—		73,021		395,756		722,909		—
1.75%		—		22		154,822		268,027		—
1.80%		—		19,950		49,480		19,640		—
1.85%		—		22		22		22		—
1.90%		—		22		22		22		—
Total	$	61,363,084	$	128,176,288	$	1,616,519,568	$	1,074,952,586	$	160,984,074

Subaccount	Wanger USA		WF VT Index Asset Alloc, Cl 2		WF VT Intl Eq, Cl 2		WF VT Opp, Cl 2		WF VT Sm Cap Gro, Cl 2
0.55%	$	1,344,955	$	94	$	221,283	$	29,716	$	124,994
0.60%		—		—		—		133		138
0.75%		101,646,480		12,961,440		9,188,859		13,945,613		14,518,431
0.85%		18,516,895		—		4,009,125		4,797,231		8,702,692
0.95%		61,549,995		7,563,327		8,516,588		11,884,040		21,668,548
1.00%		16,203,099		1,452,983		1,919,706		1,808,846		2,491,700
1.05%		11,713,813		—		2,382,792		3,224,082		5,769,897
1.10%		6,515,549		—		1,277,642		2,861,655		6,976,793
1.15%		—		—		—		18,693		24,789
1.20%		5,972,680		614,821		892,597		2,778,825		4,430,062
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		—		—		—		—		—
1.25%		1,089,260		—		274,548		153,776		396,652
1.30%		2,324,693		—		767,512		1,499,822		2,993,368
1.35%		—		—		—		634,458		3,310,542
1.40%		—		—		—		142,619		149,498
1.45%		586,607		—		189,236		259,339		399,659
1.50%		—		—		—		40,702		348,264
1.55%		—		—		—		18,853		13,750
1.60%		—		—		—		29,079		98,037
1.65%		—		—		—		37,013		17,136
1.70%		—		—		—		119,553		72,372
1.75%		—		—		—		144		155
1.80%		—		—		—		135		52,890
1.85%		—		—		—		122		167
1.90%		—		—		—		5,619		126
Total	$	227,464,026	$	22,592,665	$	29,639,888	$	44,290,068	$	72,560,660



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			109


Subaccount	WA Var Global Hi Yd Bond, Cl II
0.55%	$	2,263
0.60%		82
0.75%		821,942
0.85%		382,925
0.95%		3,857,806
1.00%		136,211
1.05%		373,935
1.10%		899,674
1.15%		79
1.20%		567,238
1.25%		—
1.25%		—
1.25%		—
1.25%		—
1.25%		—
1.25%		148,084
1.30%		745,533
1.35%		344,657
1.40%		90
1.45%		541,375
1.50%		6,884
1.55%		16,122
1.60%		5,467
1.65%		10,078
1.70%		8,206
1.75%		78
1.80%		78
1.85%		1,528
1.90%		77
Total	$	8,870,412

9. FINANCIAL HIGHLIGHTS

The table below shows certain financial information regarding the divisions.


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
AB VPS Dyn Asset Alloc, Cl B
2018		7,870		$1.17	to	$1.08		$8,930		1.54	%		0.55	%	to	1.90	%		(7.86	%)	to	(9.10	%)
2017		7,130		$1.27	to	$1.19		$8,841		1.80	%		0.55	%	to	1.90	%		13.70	%	to	12.17	%
2016		6,933		$1.12	to	$1.06		$7,612		0.59	%		0.55	%	to	1.90	%		2.80	%	to	1.43	%
2015		7,149		$1.09	to	$1.05		$7,673		0.72	%		0.55	%	to	1.90	%		(1.84	%)	to	(3.16	%)
2014		4,422		$1.11	to	$1.08		$4,862		0.40	%		0.55	%	to	1.90	%		3.64	%	to	2.24	%
AB VPS Global Thematic Gro, Cl B
2018		3,433		$1.71	to	$1.54		$5,616		—			0.55	%	to	1.45	%		(10.48	%)	to	(11.29	%)
2017		4,683		$1.91	to	$1.74		$8,645		0.28	%		0.55	%	to	1.45	%		35.55	%	to	34.34	%
2016		4,682		$1.41	to	$1.29		$6,365		—			0.55	%	to	1.45	%		(1.42	%)	to	(2.30	%)
2015		5,933		$1.43	to	$1.32		$8,205		—			0.55	%	to	1.45	%		2.08	%	to	1.17	%
2014		6,468		$1.40	to	$1.31		$8,797		—			0.55	%	to	1.45	%		4.23	%	to	3.30	%
AB VPS Gro & Inc, Cl B
2018		33,116		$2.39	to	$1.91		$74,356		0.73	%		0.55	%	to	1.45	%		(6.36	%)	to	(7.21	%)
2017		36,558		$2.55	to	$2.06		$87,981		1.25	%		0.55	%	to	1.45	%		17.95	%	to	16.89	%
2016		43,394		$2.16	to	$1.76		$88,721		0.82	%		0.55	%	to	1.45	%		10.46	%	to	9.48	%
2015		52,090		$1.96	to	$1.61		$96,796		1.16	%		0.55	%	to	1.45	%		0.87	%	to	(0.03	%)
2014		60,620		$1.94	to	$1.61		$112,029		1.10	%		0.55	%	to	1.45	%		8.69	%	to	7.72	%
AB VPS Intl Val, Cl B
2018		69,012		$1.70	to	$0.74		$92,028		1.06	%		0.55	%	to	1.45	%		(23.40	%)	to	(24.09	%)
2017		78,291		$2.23	to	$0.98		$136,442		1.91	%		0.55	%	to	1.45	%		24.41	%	to	23.30	%
2016		90,606		$1.79	to	$0.79		$127,863		1.04	%		0.55	%	to	1.45	%		(1.34	%)	to	(2.22	%)
2015		106,605		$1.81	to	$0.81		$154,352		2.13	%		0.55	%	to	1.45	%		1.84	%	to	0.93	%
2014		121,352		$1.78	to	$0.80		$174,668		3.23	%		0.55	%	to	1.45	%		(6.97	%)	to	(7.81	%)



110		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
ALPS Alerian Engy Infr, Class III
2018		40,353		$0.82	to	$0.76		$32,131		1.69	%		0.55	%	to	1.90	%		(19.40	%)	to	(20.49	%)
2017		46,826		$1.01	to	$0.95		$46,485		1.84	%		0.55	%	to	1.90	%		(1.38	%)	to	(2.70	%)
2016		48,709		$1.03	to	$0.98		$49,295		2.28	%		0.55	%	to	1.90	%		40.03	%	to	38.16	%
2015		47,078		$0.73	to	$0.71		$34,207		0.73	%		0.55	%	to	1.90	%		(38.26	%)	to	(39.10	%)
2014		40,641		$1.19	to	$1.16		$48,082		0.17	%		0.55	%	to	1.90	%		11.30	%	to	9.79	%
AC VP Intl, Cl II
2018		11,651		$1.72	to	$1.79		$19,548		1.13	%		0.55	%	to	1.20	%		(15.76	%)	to	(16.31	%)
2017		12,767		$2.04	to	$2.13		$25,480		0.76	%		0.55	%	to	1.20	%		30.22	%	to	29.38	%
2016		14,614		$1.57	to	$1.65		$22,462		0.95	%		0.55	%	to	1.20	%		(6.07	%)	to	(6.68	%)
2015		17,513		$1.67	to	$1.77		$28,720		0.22	%		0.55	%	to	1.20	%		(0.04	%)	to	(0.69	%)
2014		20,329		$1.67	to	$1.78		$33,429		1.59	%		0.55	%	to	1.20	%		(6.17	%)	to	(6.78	%)
AC VP Mid Cap Val, Cl II
2018		23,734		$2.02	to	$2.25		$50,642		1.25	%		0.55	%	to	1.45	%		(13.44	%)	to	(14.22	%)
2017		29,035		$2.34	to	$2.62		$71,937		1.40	%		0.55	%	to	1.45	%		10.86	%	to	9.87	%
2016		30,815		$2.11	to	$2.39		$69,235		1.58	%		0.55	%	to	1.45	%		22.05	%	to	20.96	%
2015		27,860		$1.73	to	$1.98		$51,690		1.51	%		0.55	%	to	1.45	%		(2.12	%)	to	(3.00	%)
2014		29,042		$1.76	to	$2.04		$55,166		1.04	%		0.55	%	to	1.45	%		15.60	%	to	14.57	%
AC VP Ultra, Cl II
2018		12,466		$2.60	to	$2.43		$31,543		0.11	%		0.55	%	to	1.45	%		0.04	%	to	(0.86	%)
2017		11,436		$2.60	to	$2.45		$29,024		0.24	%		0.55	%	to	1.45	%		31.28	%	to	30.11	%
2016		13,236		$1.98	to	$1.88		$25,606		0.20	%		0.55	%	to	1.45	%		3.78	%	to	2.85	%
2015		15,654		$1.91	to	$1.83		$29,264		0.29	%		0.55	%	to	1.45	%		5.47	%	to	4.52	%
2014		16,639		$1.81	to	$1.75		$29,593		0.23	%		0.55	%	to	1.45	%		9.23	%	to	8.25	%
AC VP Val, Cl II
2018		71,718		$2.75	to	$1.56		$165,850		1.49	%		0.55	%	to	1.90	%		(9.78	%)	to	(10.99	%)
2017		81,490		$3.05	to	$1.75		$210,213		1.50	%		0.55	%	to	1.90	%		7.98	%	to	6.54	%
2016		92,076		$2.82	to	$1.65		$221,303		1.60	%		0.55	%	to	1.90	%		19.62	%	to	18.01	%
2015		97,410		$2.36	to	$1.39		$198,663		1.97	%		0.55	%	to	1.90	%		(4.55	%)	to	(5.83	%)
2014		109,130		$2.47	to	$1.48		$235,330		1.39	%		0.55	%	to	1.90	%		12.27	%	to	10.77	%
BlackRock Global Alloc, Cl III
2018		58,332		$1.26	to	$1.15		$71,337		0.83	%		0.55	%	to	1.90	%		(8.09	%)	to	(9.32	%)
2017		62,869		$1.37	to	$1.27		$84,099		1.30	%		0.55	%	to	1.90	%		13.09	%	to	11.58	%
2016		64,910		$1.21	to	$1.14		$77,157		1.20	%		0.55	%	to	1.90	%		3.24	%	to	1.86	%
2015		66,771		$1.17	to	$1.11		$77,615		1.11	%		0.55	%	to	1.90	%		(1.54	%)	to	(2.86	%)
2014		56,147		$1.19	to	$1.15		$66,809		2.51	%		0.55	%	to	1.90	%		1.37	%	to	0.01	%
Calvert VP SRI Bal, Cl I
2018		10,525		$1.81	to	$1.83		$18,359		1.74	%		0.55	%	to	1.20	%		(3.20	%)	to	(3.84	%)
2017		11,496		$1.87	to	$1.91		$20,774		1.99	%		0.55	%	to	1.20	%		11.38	%	to	10.66	%
2016		12,996		$1.68	to	$1.72		$21,154		1.79	%		0.55	%	to	1.20	%		7.27	%	to	6.57	%
2015		14,554		$1.56	to	$1.62		$22,160		0.11	%		0.55	%	to	1.20	%		(2.73	%)	to	(3.36	%)
2014		16,504		$1.61	to	$1.67		$25,878		1.54	%		0.55	%	to	1.20	%		9.06	%	to	8.35	%
Col VP Bal, Cl 3
2018		209,029		$2.13	to	$1.44		$424,747		—			0.55	%	to	1.90	%		(6.41	%)	to	(7.67	%)
2017		221,556		$2.27	to	$1.56		$485,154		—			0.55	%	to	1.90	%		13.89	%	to	12.37	%
2016		214,583		$1.99	to	$1.39		$418,875		—			0.55	%	to	1.90	%		5.82	%	to	4.41	%
2015		169,241		$1.88	to	$1.33		$322,448		—			0.55	%	to	1.90	%		1.15	%	to	(0.20	%)
2014		147,257		$1.86	to	$1.33		$285,533		—			0.55	%	to	1.90	%		9.52	%	to	8.06	%
Col VP Commodity Strategy, Cl 2
2018		8,710		$0.53	to	$0.49		$4,491		—			0.55	%	to	1.90	%		(14.64	%)	to	(15.79	%)
2017		7,268		$0.62	to	$0.58		$4,412		5.58	%		0.55	%	to	1.90	%		1.15	%	to	(0.20	%)
2016		5,510		$0.61	to	$0.58		$3,324		—			0.55	%	to	1.90	%		11.75	%	to	10.26	%
2015		3,877		$0.55	to	$0.53		$2,105		—			0.55	%	to	1.90	%		(24.19	%)	to	(25.21	%)
2014		1,840		$0.73	to	$0.71		$1,324		—			0.55	%	to	1.90	%		(21.89	%)	to	(22.94	%)
Col VP Contrarian Core, Cl 2
2018		52,094		$1.64	to	$1.52		$83,307		—			0.55	%	to	1.90	%		(9.64	%)	to	(10.86	%)
2017		57,727		$1.82	to	$1.70		$102,614		—			0.55	%	to	1.90	%		20.82	%	to	19.21	%
2016		52,933		$1.50	to	$1.43		$78,269		—			0.55	%	to	1.90	%		7.82	%	to	6.37	%
2015		38,725		$1.39	to	$1.34		$53,333		—			0.55	%	to	1.90	%		2.17	%	to	0.80	%
2014		20,221		$1.36	to	$1.33		$27,392		—			0.55	%	to	1.90	%		12.22	%	to	10.71	%



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			111


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
Col VP Disciplined Core, Cl 3
2018		147,359		$1.89	to	$2.01		$312,920		—			0.55	%	to	1.45	%		(4.27	%)	to	(5.13	%)
2017		166,607		$1.97	to	$2.12		$369,908		—			0.55	%	to	1.45	%		23.54	%	to	22.44	%
2016		191,848		$1.60	to	$1.73		$344,384		—			0.55	%	to	1.45	%		7.35	%	to	6.38	%
2015		223,570		$1.49	to	$1.63		$373,288		—			0.55	%	to	1.45	%		0.21	%	to	(0.70	%)
2014		246,847		$1.49	to	$1.64		$412,513		—			0.55	%	to	1.45	%		14.59	%	to	13.56	%
Col VP Div Abs Return, Cl 2
2018		3,749		$0.82	to	$0.76		$2,989		—			0.55	%	to	1.90	%		(9.24	%)	to	(10.46	%)
2017		3,975		$0.90	to	$0.85		$3,511		—			0.55	%	to	1.90	%		2.03	%	to	0.67	%
2016		4,827		$0.89	to	$0.84		$4,199		—			0.55	%	to	1.90	%		(3.16	%)	to	(4.46	%)
2015		5,666		$0.91	to	$0.88		$5,116		—			0.55	%	to	1.90	%		(1.38	%)	to	(2.70	%)
2014		4,356		$0.93	to	$0.91		$4,009		—			0.55	%	to	1.90	%		(2.48	%)	to	(3.79	%)
Col VP Divd Opp, Cl 3
2018		172,206		$2.93	to	$1.62		$430,290		—			0.55	%	to	1.45	%		(6.39	%)	to	(7.23	%)
2017		206,320		$3.13	to	$1.75		$552,055		—			0.55	%	to	1.45	%		13.65	%	to	12.64	%
2016		246,769		$2.76	to	$1.55		$581,936		—			0.55	%	to	1.45	%		12.90	%	to	11.88	%
2015		284,856		$2.44	to	$1.39		$600,828		—			0.55	%	to	1.45	%		(3.30	%)	to	(4.17	%)
2014		338,172		$2.53	to	$1.45		$742,285		—			0.55	%	to	1.45	%		9.30	%	to	8.32	%
Col VP Emerg Mkts Bond, Cl 2
2018		13,128		$1.01	to	$0.94		$12,998		4.32	%		0.55	%	to	1.90	%		(7.89	%)	to	(9.13	%)
2017		13,655		$1.10	to	$1.03		$14,750		4.45	%		0.55	%	to	1.90	%		11.08	%	to	9.59	%
2016		9,543		$0.99	to	$0.94		$9,334		2.39	%		0.55	%	to	1.90	%		10.47	%	to	8.99	%
2015		8,568		$0.90	to	$0.87		$7,633		1.59	%		0.55	%	to	1.90	%		(1.86	%)	to	(3.17	%)
2014		9,067		$0.91	to	$0.89		$8,239		5.64	%		0.55	%	to	1.90	%		0.88	%	to	(0.47	%)
Col VP Emer Mkts, Cl 3
2018		53,483		$2.65	to	$1.51		$113,557		0.45	%		0.55	%	to	1.45	%		(22.01	%)	to	(22.71	%)
2017		60,139		$3.40	to	$1.95		$164,139		0.09	%		0.55	%	to	1.45	%		46.25	%	to	44.95	%
2016		66,944		$2.32	to	$1.35		$125,958		0.11	%		0.55	%	to	1.45	%		4.39	%	to	3.46	%
2015		79,795		$2.23	to	$1.30		$145,955		0.12	%		0.55	%	to	1.45	%		(9.50	%)	to	(10.31	%)
2014		92,569		$2.46	to	$1.45		$188,395		0.23	%		0.55	%	to	1.45	%		(2.80	%)	to	(3.68	%)
Col VP Global Strategic Inc, Cl 3
2018		49,751		$1.67	to	$1.08		$73,103		4.33	%		0.55	%	to	1.45	%		(5.86	%)	to	(6.71	%)
2017		59,884		$1.78	to	$1.16		$93,743		—			0.55	%	to	1.45	%		5.19	%	to	4.25	%
2016		71,304		$1.69	to	$1.11		$106,327		—			0.55	%	to	1.45	%		(1.77	%)	to	(2.65	%)
2015		86,488		$1.72	to	$1.14		$131,896		—			0.55	%	to	1.45	%		(6.69	%)	to	(7.53	%)
2014		106,817		$1.84	to	$1.23		$175,856		—			0.55	%	to	1.45	%		0.24	%	to	(0.66	%)
Col VP Govt Money Mkt, Cl 3
2018		105,979		$1.20	to	$0.93		$116,885		1.36	%		0.55	%	to	1.45	%		0.83	%	to	(0.08	%)
2017		109,560		$1.19	to	$0.93		$120,109		0.29	%		0.55	%	to	1.45	%		(0.25	%)	to	(1.14	%)
2016		139,734		$1.19	to	$0.94		$153,262		0.01	%		0.55	%	to	1.45	%		(0.54	%)	to	(1.42	%)
2015		149,791		$1.20	to	$0.96		$166,145		0.01	%		0.55	%	to	1.45	%		(0.54	%)	to	(1.43	%)
2014		174,167		$1.21	to	$0.97		$195,122		0.01	%		0.55	%	to	1.45	%		(0.54	%)	to	(1.42	%)
Col VP Hi Yield Bond, Cl 3
2018		78,729		$2.64	to	$1.83		$189,434		5.46	%		0.55	%	to	1.45	%		(4.53	%)	to	(5.39	%)
2017		100,651		$2.77	to	$1.93		$253,612		5.36	%		0.55	%	to	1.45	%		5.83	%	to	4.88	%
2016		118,309		$2.62	to	$1.84		$283,326		6.00	%		0.55	%	to	1.45	%		11.11	%	to	10.11	%
2015		138,677		$2.36	to	$1.67		$300,720		6.00	%		0.55	%	to	1.45	%		(1.68	%)	to	(2.56	%)
2014		168,851		$2.40	to	$1.72		$374,426		6.19	%		0.55	%	to	1.45	%		3.05	%	to	2.12	%
Col VP Inc Opp, Cl 3
2018		57,728		$2.15	to	$1.79		$115,887		4.80	%		0.55	%	to	1.45	%		(4.39	%)	to	(5.25	%)
2017		76,235		$2.25	to	$1.89		$160,428		6.04	%		0.55	%	to	1.45	%		5.80	%	to	4.86	%
2016		91,441		$2.13	to	$1.80		$182,316		12.20	%		0.55	%	to	1.45	%		10.25	%	to	9.26	%
2015		71,368		$1.93	to	$1.65		$130,021		9.12	%		0.55	%	to	1.45	%		(1.56	%)	to	(2.45	%)
2014		84,321		$1.96	to	$1.69		$156,701		—			0.55	%	to	1.45	%		3.20	%	to	2.27	%
Col VP Inter Bond, Cl 3
2018		167,470		$2.00	to	$1.38		$298,059		2.22	%		0.55	%	to	1.45	%		(0.29	%)	to	(1.19	%)
2017		203,734		$2.01	to	$1.40		$364,529		2.67	%		0.55	%	to	1.45	%		3.17	%	to	2.24	%
2016		237,642		$1.95	to	$1.37		$413,783		1.66	%		0.55	%	to	1.45	%		3.97	%	to	3.03	%
2015		271,785		$1.87	to	$1.33		$458,449		1.33	%		0.55	%	to	1.45	%		(0.38	%)	to	(1.28	%)
2014		323,775		$1.88	to	$1.34		$552,031		2.59	%		0.55	%	to	1.45	%		4.74	%	to	3.80	%



112		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
Col VP Lg Cap Gro, Cl 3
2018		73,335		$1.48	to	$2.05		$112,703		—			0.55	%	to	1.45	%		(4.62	%)	to	(5.48	%)
2017		84,182		$1.55	to	$2.17		$135,480		—			0.55	%	to	1.45	%		27.25	%	to	26.11	%
2016		97,951		$1.22	to	$1.72		$124,429		—			0.55	%	to	1.45	%		0.62	%	to	(0.29	%)
2015		123,331		$1.21	to	$1.72		$155,892		—			0.55	%	to	1.45	%		8.40	%	to	7.42	%
2014		120,240		$1.12	to	$1.60		$138,954		—			0.55	%	to	1.45	%		13.41	%	to	12.39	%
Col VP Lg Cap Index, Cl 3
2018		149,134		$2.05	to	$1.76		$309,702		—			0.55	%	to	1.90	%		(5.34	%)	to	(6.62	%)
2017		142,086		$2.16	to	$1.89		$313,622		—			0.55	%	to	1.90	%		20.62	%	to	19.01	%
2016		131,933		$1.79	to	$1.59		$241,925		—			0.55	%	to	1.90	%		10.90	%	to	9.41	%
2015		127,927		$1.62	to	$1.45		$211,512		—			0.55	%	to	1.90	%		0.31	%	to	(1.04	%)
2014		120,861		$1.61	to	$1.47		$198,500		—			0.55	%	to	1.90	%		12.59	%	to	11.08	%
Col VP Limited Duration Cr, Cl 2
2018		36,076		$0.97	to	$0.97		$37,787		1.64	%		0.55	%	to	1.90	%		(0.57	%)	to	(1.90	%)
2017		30,588		$0.98	to	$0.99		$32,256		2.06	%		0.55	%	to	1.90	%		1.25	%	to	(0.10	%)
2016		27,833		$0.96	to	$0.99		$29,208		3.66	%		0.55	%	to	1.90	%		4.71	%	to	3.30	%
2015		18,413		$0.92	to	$0.96		$18,595		5.26	%		0.55	%	to	1.90	%		(3.02	%)	to	(4.32	%)
2014		14,721		$0.95	to	$1.00		$15,344		1.41	%		0.55	%	to	1.90	%		(1.74	%)⁽⁵⁾	to	(1.58	%)
Col VP Long Govt/Cr Bond, Cl 2
2018		11,169		$1.05	to	$0.98		$11,586		3.20	%		0.55	%	to	1.90	%		(5.90	%)	to	(7.17	%)
2017		13,756		$1.12	to	$1.05		$15,180		3.16	%		0.55	%	to	1.90	%		10.39	%	to	8.91	%
2016		16,070		$1.01	to	$0.96		$16,134		1.76	%		0.55	%	to	1.90	%		2.22	%	to	0.85	%
2015		12,315		$0.99	to	$0.96		$12,089		1.80	%		0.55	%	to	1.90	%		(0.76	%)	to	(2.10	%)
2014		7,112		$1.00	to	$0.98		$7,059		0.96	%		0.55	%	to	1.90	%		4.67	%	to	3.27	%
Col VP Mid Cap Gro, Cl 3
2018		31,843		$2.53	to	$1.91		$67,559		—			0.55	%	to	1.45	%		(5.38	%)	to	(6.23	%)
2017		35,762		$2.68	to	$2.03		$80,801		—			0.55	%	to	1.45	%		22.12	%	to	21.03	%
2016		40,449		$2.19	to	$1.68		$75,222		—			0.55	%	to	1.45	%		1.60	%	to	0.69	%
2015		48,189		$2.16	to	$1.67		$88,863		—			0.55	%	to	1.45	%		4.92	%	to	3.97	%
2014		50,333		$2.06	to	$1.61		$88,782		—			0.55	%	to	1.45	%		6.70	%	to	5.73	%
Col VP Mid Cap Val, Cl 3
2018		22,628		$2.39	to	$1.71		$46,653		—			0.55	%	to	1.45	%		(13.88	%)	to	(14.66	%)
2017		27,611		$2.78	to	$2.00		$66,373		—			0.55	%	to	1.45	%		12.77	%	to	11.76	%
2016		34,278		$2.46	to	$1.79		$73,343		—			0.55	%	to	1.45	%		13.38	%	to	12.36	%
2015		41,416		$2.17	to	$1.59		$78,816		—			0.55	%	to	1.45	%		(5.48	%)	to	(6.33	%)
2014		49,073		$2.30	to	$1.70		$99,520		—			0.55	%	to	1.45	%		11.56	%	to	10.55	%
Col VP Overseas Core, Cl 3
2018		50,268		$1.25	to	$1.16		$66,585		2.69	%		0.55	%	to	1.45	%		(17.16	%)	to	(17.91	%)
2017		59,162		$1.51	to	$1.41		$94,655		1.98	%		0.55	%	to	1.45	%		26.67	%	to	25.54	%
2016		70,244		$1.20	to	$1.12		$88,734		1.55	%		0.55	%	to	1.45	%		(6.62	%)	to	(7.46	%)
2015		59,941		$1.28	to	$1.21		$83,040		0.92	%		0.55	%	to	1.45	%		4.46	%	to	3.51	%
2014		61,880		$1.23	to	$1.17		$82,704		1.78	%		0.55	%	to	1.45	%		(9.06	%)	to	(9.88	%)
Col VP Select Lg Cap Val, Cl 3
2018		14,388		$2.50	to	$1.92		$32,487		—			0.55	%	to	1.45	%		(12.79	%)	to	(13.58	%)
2017		15,242		$2.87	to	$2.23		$39,807		—			0.55	%	to	1.45	%		20.14	%	to	19.07	%
2016		15,367		$2.38	to	$1.87		$33,622		—			0.55	%	to	1.45	%		19.16	%	to	18.09	%
2015		19,234		$2.00	to	$1.58		$35,588		—			0.55	%	to	1.45	%		(5.55	%)	to	(6.40	%)
2014		27,008		$2.12	to	$1.69		$53,317		—			0.55	%	to	1.45	%		10.77	%	to	9.78	%
Col VP Select Sm Cap Val, Cl 3
2018		12,563		$3.19	to	$1.75		$34,140		—			0.55	%	to	1.45	%		(13.18	%)	to	(13.96	%)
2017		14,554		$3.67	to	$2.04		$45,595		—			0.55	%	to	1.45	%		11.58	%	to	10.59	%
2016		17,393		$3.29	to	$1.84		$49,321		—			0.55	%	to	1.45	%		13.21	%	to	12.19	%
2015		20,664		$2.91	to	$1.64		$52,103		—			0.55	%	to	1.45	%		(3.76	%)	to	(4.63	%)
2014		23,491		$3.02	to	$1.72		$62,319		—			0.55	%	to	1.45	%		5.40	%	to	4.45	%
Col VP US Govt Mtge, Cl 3
2018		47,865		$1.55	to	$1.12		$66,263		2.72	%		0.55	%	to	1.45	%		1.16	%	to	0.24	%
2017		59,588		$1.54	to	$1.12		$81,742		2.77	%		0.55	%	to	1.45	%		2.65	%	to	1.73	%
2016		73,667		$1.50	to	$1.10		$98,322		2.77	%		0.55	%	to	1.45	%		2.02	%	to	1.10	%
2015		81,827		$1.47	to	$1.09		$107,794		2.79	%		0.55	%	to	1.45	%		0.66	%	to	(0.25	%)
2014		95,830		$1.46	to	$1.09		$126,065		1.76	%		0.55	%	to	1.45	%		5.20	%	to	4.25	%



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			113


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
CS Commodity Return
2018		29,778		$0.47	to	$0.44		$13,656		2.60	%		0.55	%	to	1.45	%		(12.14	%)	to	(12.94	%)
2017		35,795		$0.54	to	$0.51		$18,741		9.03	%		0.55	%	to	1.45	%		0.96	%	to	0.06	%
2016		41,885		$0.53	to	$0.51		$21,831		—			0.55	%	to	1.45	%		11.41	%	to	10.41	%
2015		50,299		$0.48	to	$0.46		$23,648		—			0.55	%	to	1.45	%		(25.51	%)	to	(26.18	%)
2014		57,057		$0.64	to	$0.62		$36,124		—			0.55	%	to	1.45	%		(17.47	%)	to	(18.21	%)
CTIVP AQR Man Fut Strategy, Cl 2
2018		15,682		$0.92	to	$0.85		$14,129		—			0.55	%	to	1.90	%		(8.26	%)	to	(9.50	%)
2017		19,590		$1.00	to	$0.94		$19,312		0.31	%		0.55	%	to	1.90	%		(1.50	%)	to	(2.81	%)
2016		23,589		$1.02	to	$0.97		$23,575		5.39	%		0.55	%	to	1.90	%		(9.58	%)	to	(10.79	%)
2015		19,615		$1.12	to	$1.08		$21,773		16.65	%		0.55	%	to	1.90	%		(0.64	%)	to	(1.97	%)
2014		10,018		$1.13	to	$1.10		$11,249		1.34	%		0.55	%	to	1.90	%		9.39	%	to	7.94	%
CTIVP BR Gl Infl Prot Sec, Cl 3
2018		53,141		$1.55	to	$1.35		$78,153		—			0.55	%	to	1.45	%		(1.06	%)	to	(1.95	%)
2017		60,599		$1.56	to	$1.38		$90,400		2.29	%		0.55	%	to	1.45	%		1.98	%	to	1.07	%
2016		68,397		$1.53	to	$1.36		$100,365		—			0.55	%	to	1.45	%		7.90	%	to	6.93	%
2015		81,588		$1.42	to	$1.28		$111,255		37.01	%		0.55	%	to	1.45	%		(2.03	%)	to	(2.91	%)
2014		98,503		$1.45	to	$1.31		$137,566		—			0.55	%	to	1.45	%		8.00	%	to	7.02	%
CTIVP Lazard Intl Eq Adv, Cl 2
2018		15,778		$1.06	to	$0.98		$16,384		1.99	%		0.55	%	to	1.90	%		(16.67	%)	to	(17.80	%)
2017		12,629		$1.27	to	$1.20		$15,772		1.14	%		0.55	%	to	1.90	%		22.97	%	to	21.32	%
2016		5,026		$1.04	to	$0.99		$5,115		1.88	%		0.55	%	to	1.90	%		3.30	%	to	1.92	%
2015		3,225		$1.00	to	$0.97		$3,199		2.78	%		0.55	%	to	1.90	%		(4.24	%)	to	(5.52	%)
2014		2,061		$1.05	to	$1.02		$2,144		2.48	%		0.55	%	to	1.90	%		(0.74	%)	to	(2.07	%)
CTIVP Loomis Sayles Gro, Cl 1
2018		86,651		$1.36	to	$1.33		$117,135		—			0.55	%	to	1.45	%		(2.93	%)	to	(3.81	%)
2017		101,978		$1.40	to	$1.38		$142,510		—			0.55	%	to	1.45	%		32.30	%	to	31.12	%
2016		120,408		$1.06	to	$1.05		$127,611		—			0.55	%	to	1.45	%		5.14	%⁽⁷⁾	to	4.51	%⁽⁷⁾
CTIVP MFS Blend Res Core Eq, Cl 3
2018		13,454		$1.79	to	$1.63		$23,146		—			0.55	%	to	1.45	%		(8.59	%)	to	(9.41	%)
2017		17,029		$1.95	to	$1.80		$32,189		—			0.55	%	to	1.45	%		19.62	%	to	18.55	%
2016		20,722		$1.63	to	$1.52		$32,885		—			0.55	%	to	1.45	%		9.09	%	to	8.11	%
2015		24,829		$1.50	to	$1.41		$36,243		—			0.55	%	to	1.45	%		(0.09	%)	to	(0.99	%)
2014		28,527		$1.50	to	$1.42		$41,817		—			0.55	%	to	1.45	%		11.14	%	to	10.14	%
CTIVP Vty Sycamore Estb Val, Cl 3
2018		12,856		$2.84	to	$2.16		$32,901		—			0.55	%	to	1.45	%		(10.59	%)	to	(11.40	%)
2017		12,502		$3.18	to	$2.44		$35,853		—			0.55	%	to	1.45	%		15.09	%	to	14.07	%
2016		11,633		$2.76	to	$2.14		$29,150		—			0.55	%	to	1.45	%		19.97	%	to	18.90	%
2015		9,984		$2.30	to	$1.80		$20,942		—			0.55	%	to	1.45	%		(0.39	%)	to	(1.28	%)
2014		8,567		$2.31	to	$1.82		$18,196		—			0.55	%	to	1.45	%		11.41	%	to	10.41	%
CTIVP WF Short Duration Govt, Cl 2
2018		23,287		$1.00	to	$0.91		$22,853		0.96	%		0.55	%	to	1.90	%		0.25	%	to	(1.10	%)
2017		19,668		$1.00	to	$0.92		$19,336		0.71	%		0.55	%	to	1.90	%		(0.10	%)	to	(1.44	%)
2016		19,199		$1.00	to	$0.93		$19,002		0.71	%		0.55	%	to	1.90	%		0.24	%	to	(1.11	%)
2015		11,657		$1.00	to	$0.95		$11,544		0.71	%		0.55	%	to	1.90	%		(0.47	%)	to	(1.81	%)
2014		5,405		$1.00	to	$0.96		$5,398		0.16	%		0.55	%	to	1.90	%		(0.08	%)⁽⁵⁾	to	(1.18	%)
DWS Alt Asset Alloc VIP, Cl B
2018		14,302		$0.96	to	$0.88		$13,348		1.94	%		0.55	%	to	1.90	%		(9.85	%)	to	(11.07	%)
2017		18,141		$1.07	to	$0.99		$18,872		2.08	%		0.55	%	to	1.90	%		6.43	%	to	5.00	%
2016		21,291		$1.00	to	$0.94		$20,911		2.00	%		0.55	%	to	1.90	%		4.42	%	to	3.02	%
2015		24,733		$0.96	to	$0.91		$23,378		2.88	%		0.55	%	to	1.90	%		(7.05	%)	to	(8.29	%)
2014		28,134		$1.03	to	$0.99		$28,729		1.56	%		0.55	%	to	1.90	%		2.67	%	to	1.29	%
EV VT Floating-Rate Inc, Init Cl
2018		103,408		$1.44	to	$1.29		$142,449		3.75	%		0.55	%	to	1.45	%		(0.62	%)	to	(1.52	%)
2017		106,635		$1.45	to	$1.31		$148,477		3.26	%		0.55	%	to	1.45	%		2.85	%	to	1.93	%
2016		127,509		$1.41	to	$1.28		$173,277		3.49	%		0.55	%	to	1.45	%		8.35	%	to	7.38	%
2015		149,367		$1.30	to	$1.19		$187,969		3.34	%		0.55	%	to	1.45	%		(1.54	%)	to	(2.42	%)
2014		193,252		$1.32	to	$1.22		$247,888		3.14	%		0.55	%	to	1.45	%		0.02	%	to	(0.88	%)



114		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
Fid VIP Contrafund, Serv Cl 2
2018		190,555		$2.09	to	$1.62		$388,931		0.43	%		0.55	%	to	1.90	%		(7.16	%)	to	(8.41	%)
2017		208,759		$2.25	to	$1.77		$461,169		0.77	%		0.55	%	to	1.90	%		20.92	%	to	19.31	%
2016		234,428		$1.86	to	$1.48		$430,384		0.59	%		0.55	%	to	1.90	%		7.14	%	to	5.71	%
2015		275,837		$1.74	to	$1.40		$474,192		0.78	%		0.55	%	to	1.90	%		(0.13	%)	to	(1.47	%)
2014		299,019		$1.74	to	$1.42		$516,451		0.73	%		0.55	%	to	1.90	%		11.04	%	to	9.55	%
Fid VIP Gro & Inc, Serv Cl 2
2018		36,966		$2.38	to	$2.21		$84,455		0.20	%		0.55	%	to	1.20	%		(9.69	%)	to	(10.28	%)
2017		43,626		$2.63	to	$2.47		$110,621		1.06	%		0.55	%	to	1.20	%		15.97	%	to	15.22	%
2016		51,809		$2.27	to	$2.14		$113,580		1.51	%		0.55	%	to	1.20	%		15.18	%	to	14.43	%
2015		61,226		$1.97	to	$1.87		$116,871		1.80	%		0.55	%	to	1.20	%		(3.07	%)	to	(3.70	%)
2014		70,817		$2.03	to	$1.94		$139,817		1.46	%		0.55	%	to	1.20	%		9.62	%	to	8.91	%
Fid VIP Mid Cap, Serv Cl 2
2018		109,797		$4.06	to	$1.46		$335,038		0.39	%		0.55	%	to	1.90	%		(15.24	%)	to	(16.39	%)
2017		122,202		$4.79	to	$1.75		$444,591		0.48	%		0.55	%	to	1.90	%		19.88	%	to	18.27	%
2016		137,442		$4.00	to	$1.48		$422,842		0.30	%		0.55	%	to	1.90	%		11.31	%	to	9.82	%
2015		159,432		$3.59	to	$1.34		$446,745		0.24	%		0.55	%	to	1.90	%		(2.17	%)	to	(3.48	%)
2014		178,382		$3.67	to	$1.39		$520,177		0.02	%		0.55	%	to	1.90	%		5.45	%	to	4.04	%
Fid VIP Overseas, Serv Cl 2
2018		28,284		$1.86	to	$1.17		$45,831		1.24	%		0.55	%	to	1.45	%		(15.53	%)	to	(16.29	%)
2017		32,285		$2.20	to	$1.39		$61,971		1.18	%		0.55	%	to	1.45	%		29.28	%	to	28.12	%
2016		36,676		$1.71	to	$1.09		$54,726		1.15	%		0.55	%	to	1.45	%		(5.79	%)	to	(6.63	%)
2015		44,708		$1.81	to	$1.16		$70,977		1.12	%		0.55	%	to	1.45	%		2.73	%	to	1.81	%
2014		47,896		$1.76	to	$1.14		$75,112		1.04	%		0.55	%	to	1.45	%		(8.80	%)	to	(9.62	%)
Fid VIP Strategic Inc, Serv Cl 2
2018		116,492		$1.10	to	$1.02		$125,045		3.67	%		0.55	%	to	1.90	%		(3.36	%)	to	(4.66	%)
2017		104,865		$1.14	to	$1.07		$117,160		3.66	%		0.55	%	to	1.90	%		6.96	%	to	5.53	%
2016		70,066		$1.06	to	$1.01		$73,346		3.90	%		0.55	%	to	1.90	%		7.43	%	to	5.99	%
2015		53,860		$0.99	to	$0.95		$52,765		2.84	%		0.55	%	to	1.90	%		(2.47	%)	to	(3.80	%)
2014		40,139		$1.01	to	$0.99		$40,558		4.82	%		0.55	%	to	1.90	%		2.81	%	to	1.43	%
Frank Global Real Est, Cl 2
2018		36,256		$2.96	to	$0.98		$76,097		2.62	%		0.55	%	to	1.45	%		(7.29	%)	to	(8.12	%)
2017		44,547		$3.20	to	$1.06		$100,096		3.10	%		0.55	%	to	1.45	%		9.87	%	to	8.89	%
2016		54,384		$2.91	to	$0.98		$111,334		1.21	%		0.55	%	to	1.45	%		(0.01	%)	to	(0.90	%)
2015		62,988		$2.91	to	$0.98		$130,836		3.24	%		0.55	%	to	1.45	%		0.02	%	to	(0.88	%)
2014		70,970		$2.91	to	$0.99		$149,816		0.45	%		0.55	%	to	1.45	%		14.38	%	to	13.35	%
Frank Inc, Cl 2
2018		44,620		$1.22	to	$1.12		$52,750		4.72	%		0.55	%	to	1.90	%		(4.83	%)	to	(6.12	%)
2017		46,996		$1.28	to	$1.20		$58,671		4.15	%		0.55	%	to	1.90	%		9.07	%	to	7.62	%
2016		46,983		$1.17	to	$1.11		$54,094		4.99	%		0.55	%	to	1.90	%		13.40	%	to	11.89	%
2015		50,949		$1.03	to	$1.00		$51,973		4.95	%		0.55	%	to	1.90	%		(7.56	%)	to	(8.80	%)
2014		54,674		$1.12	to	$1.09		$60,590		4.78	%		0.55	%	to	1.90	%		4.04	%	to	2.65	%
Frank Mutual Shares, Cl 2
2018		44,892		$2.20	to	$1.39		$83,957		2.30	%		0.55	%	to	1.90	%		(9.57	%)	to	(10.79	%)
2017		53,333		$2.44	to	$1.56		$110,669		2.23	%		0.55	%	to	1.90	%		7.75	%	to	6.31	%
2016		60,700		$2.26	to	$1.47		$117,427		1.98	%		0.55	%	to	1.90	%		15.42	%	to	13.88	%
2015		70,352		$1.96	to	$1.29		$118,979		3.05	%		0.55	%	to	1.90	%		(5.46	%)	to	(6.73	%)
2014		79,442		$2.07	to	$1.38		$143,232		1.99	%		0.55	%	to	1.90	%		6.53	%	to	5.10	%
Frank Sm Cap Val, Cl 2
2018		34,466		$4.58	to	$1.51		$107,886		0.88	%		0.55	%	to	1.90	%		(13.36	%)	to	(14.53	%)
2017		38,047		$5.28	to	$1.77		$138,461		0.52	%		0.55	%	to	1.90	%		10.05	%	to	8.57	%
2016		42,895		$4.80	to	$1.63		$143,884		0.82	%		0.55	%	to	1.90	%		29.47	%	to	27.73	%
2015		45,435		$3.71	to	$1.28		$120,885		0.64	%		0.55	%	to	1.90	%		(7.89	%)	to	(9.13	%)
2014		52,597		$4.03	to	$1.40		$154,239		0.62	%		0.55	%	to	1.90	%		0.02	%	to	(1.32	%)
GS VIT Mid Cap Val, Inst
2018		26,237		$4.71	to	$3.09		$112,625		1.25	%		0.55	%	to	1.20	%		(10.95	%)	to	(11.53	%)
2017		30,996		$5.29	to	$3.50		$149,798		0.70	%		0.55	%	to	1.20	%		10.46	%	to	9.75	%
2016		37,325		$4.79	to	$3.19		$164,127		1.29	%		0.55	%	to	1.20	%		12.91	%	to	12.18	%
2015		46,292		$4.24	to	$2.84		$181,065		0.37	%		0.55	%	to	1.20	%		(9.59	%)	to	(10.17	%)
2014		55,341		$4.69	to	$3.16		$240,680		0.96	%		0.55	%	to	1.20	%		12.95	%	to	12.22	%



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			115


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
GS VIT Multi-Strategy Alt, Advisor
2018		6,233		$0.88	to	$0.83		$5,394		2.36	%		0.55	%	to	1.90	%		(7.61	%)	to	(8.86	%)
2017		5,549		$0.96	to	$0.91		$5,223		2.13	%		0.55	%	to	1.90	%		4.57	%	to	3.17	%
2016		5,049		$0.91	to	$0.88		$4,563		0.78	%		0.55	%	to	1.90	%		(0.27	%)	to	(1.61	%)
2015		4,494		$0.92	to	$0.90		$4,093		2.74	%		0.55	%	to	1.90	%		(5.41	%)	to	(6.69	%)
2014		1,081		$0.97	to	$0.96		$1,046		3.87	%		0.55	%	to	1.90	%		(3.09	%)⁽⁵⁾	to	(3.75	%)⁽⁵⁾
GS VIT U.S. Eq Insights, Inst
2018		47,779		$2.30	to	$1.97		$105,192		1.19	%		0.55	%	to	1.45	%		(6.71	%)	to	(7.55	%)
2017		52,854		$2.46	to	$2.13		$125,064		1.34	%		0.55	%	to	1.45	%		23.39	%	to	22.29	%
2016		61,378		$2.00	to	$1.74		$118,004		1.25	%		0.55	%	to	1.45	%		10.13	%	to	9.14	%
2015		74,052		$1.81	to	$1.59		$129,548		1.28	%		0.55	%	to	1.45	%		(0.56	%)	to	(1.45	%)
2014		87,017		$1.82	to	$1.62		$153,518		1.36	%		0.55	%	to	1.45	%		15.73	%	to	14.69	%
Invesco VI Am Fran, Ser II
2018		23,543		$1.85	to	$1.74		$42,681		—			0.55	%	to	1.45	%		(4.42	%)	to	(5.28	%)
2017		26,875		$1.94	to	$1.84		$51,141		—			0.55	%	to	1.45	%		26.33	%	to	25.21	%
2016		31,728		$1.53	to	$1.47		$47,938		—			0.55	%	to	1.45	%		1.46	%	to	0.55	%
2015		39,289		$1.51	to	$1.46		$58,685		—			0.55	%	to	1.45	%		4.18	%	to	3.24	%
2014		47,631		$1.45	to	$1.42		$68,518		—			0.55	%	to	1.45	%		7.58	%	to	6.61	%
Invesco VI Bal Risk Alloc, Ser II
2018		34,792		$1.11	to	$1.02		$37,768		1.26	%		0.55	%	to	1.90	%		(7.23	%)	to	(8.49	%)
2017		39,964		$1.19	to	$1.12		$46,895		3.79	%		0.55	%	to	1.90	%		9.23	%	to	7.77	%
2016		39,732		$1.09	to	$1.04		$42,960		0.20	%		0.55	%	to	1.90	%		10.91	%	to	9.42	%
2015		36,247		$0.99	to	$0.95		$35,265		3.99	%		0.55	%	to	1.90	%		(4.92	%)	to	(6.19	%)
2014		33,181		$1.04	to	$1.01		$34,121		—			0.55	%	to	1.90	%		5.13	%	to	3.72	%
Invesco VI Comstock, Ser II
2018		50,584		$2.34	to	$1.72		$108,556		1.40	%		0.55	%	to	1.45	%		(12.85	%)	to	(13.64	%)
2017		58,649		$2.69	to	$2.00		$144,815		1.92	%		0.55	%	to	1.45	%		16.93	%	to	15.89	%
2016		71,705		$2.30	to	$1.72		$151,865		1.28	%		0.55	%	to	1.45	%		16.35	%	to	15.31	%
2015		87,866		$1.97	to	$1.49		$160,796		1.62	%		0.55	%	to	1.45	%		(6.71	%)	to	(7.55	%)
2014		103,549		$2.12	to	$1.62		$204,223		1.04	%		0.55	%	to	1.45	%		8.50	%	to	7.53	%
Invesco VI Div Divd, Ser I
2018		12,965		$1.83	to	$1.74		$23,127		2.23	%		0.55	%	to	1.20	%		(8.08	%)	to	(8.68	%)
2017		17,668		$1.99	to	$1.90		$34,394		1.63	%		0.55	%	to	1.20	%		7.98	%	to	7.28	%
2016		20,872		$1.84	to	$1.77		$37,763		1.39	%		0.55	%	to	1.20	%		14.18	%	to	13.45	%
2015		17,059		$1.61	to	$1.56		$27,126		1.64	%		0.55	%	to	1.20	%		1.51	%	to	0.85	%
2014		17,809		$1.59	to	$1.55		$27,986		1.73	%		0.55	%	to	1.20	%		12.21	%	to	11.48	%
Invesco VI Hlth, Ser II
2018		17,735		$2.26	to	$2.13		$39,354		—			0.55	%	to	1.45	%		0.06	%	to	(0.84	%)
2017		20,032		$2.25	to	$2.15		$44,570		0.08	%		0.55	%	to	1.45	%		14.92	%	to	13.89	%
2016		24,438		$1.96	to	$1.89		$47,482		—			0.55	%	to	1.45	%		(12.17	%)	to	(12.95	%)
2015		32,923		$2.23	to	$2.17		$72,933		—			0.55	%	to	1.45	%		2.32	%	to	1.41	%
2014		26,593		$2.18	to	$2.14		$57,779		—			0.55	%	to	1.45	%		18.72	%	to	17.66	%
Invesco VI Intl Gro, Ser II
2018		33,586		$1.72	to	$1.37		$53,415		1.70	%		0.55	%	to	1.45	%		(15.67	%)	to	(16.43	%)
2017		41,420		$2.04	to	$1.64		$78,374		1.24	%		0.55	%	to	1.45	%		22.06	%	to	20.96	%
2016		49,469		$1.67	to	$1.36		$77,046		1.14	%		0.55	%	to	1.45	%		(1.24	%)	to	(2.12	%)
2015		58,758		$1.69	to	$1.39		$92,917		1.29	%		0.55	%	to	1.45	%		(3.15	%)	to	(4.02	%)
2014		61,027		$1.75	to	$1.45		$99,984		1.40	%		0.55	%	to	1.45	%		(0.46	%)	to	(1.35	%)
Invesco VI Mid Cap Gro, Ser I
2018		10,332		$1.65	to	$1.58		$16,832		—			0.55	%	to	1.20	%		(6.10	%)	to	(6.72	%)
2017		11,855		$1.76	to	$1.70		$20,626		—			0.55	%	to	1.20	%		21.82	%	to	21.03	%
2016		13,515		$1.45	to	$1.40		$19,357		—			0.55	%	to	1.20	%		0.20	%	to	(0.44	%)
2015		10,875		$1.44	to	$1.41		$15,598		—			0.55	%	to	1.20	%		0.65	%	to	0.00	%
2014		11,513		$1.43	to	$1.41		$16,457		—			0.55	%	to	1.20	%		7.44	%	to	6.75	%
Invesco VI Tech, Ser I
2018		12,085		$1.81	to	$1.90		$21,264		—			0.55	%	to	1.20	%		(1.00	%)	to	(1.65	%)
2017		12,714		$1.82	to	$1.93		$22,625		—			0.55	%	to	1.20	%		34.39	%	to	33.52	%
2016		14,718		$1.36	to	$1.44		$19,521		—			0.55	%	to	1.20	%		(1.30	%)	to	(1.94	%)
2015		18,874		$1.38	to	$1.47		$25,375		—			0.55	%	to	1.20	%		6.23	%	to	5.54	%
2014		20,096		$1.29	to	$1.39		$25,483		—			0.55	%	to	1.20	%		10.44	%	to	9.73	%



116		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
Ivy VIP Asset Strategy
2018		13,310		$1.11	to	$1.03		$14,604		1.83	%		0.55	%	to	1.90	%		(5.96	%)	to	(7.23	%)
2017		13,785		$1.18	to	$1.11		$16,130		1.48	%		0.55	%	to	1.90	%		17.63	%	to	16.05	%
2016		18,669		$1.00	to	$0.95		$18,610		0.59	%		0.55	%	to	1.90	%		(3.10	%)	to	(4.40	%)
2015		31,994		$1.04	to	$1.00		$33,022		0.37	%		0.55	%	to	1.90	%		(8.85	%)	to	(10.08	%)
2014		39,684		$1.14	to	$1.11		$45,106		0.50	%		0.55	%	to	1.90	%		(5.78	%)	to	(7.05	%)
Janus Henderson VIT Bal, Serv
2018		32,123		$0.99	to	$0.98		$31,839		1.50	%		0.55	%	to	1.90	%		(0.67	%)⁽⁹⁾	to	(1.58	%)⁽⁹⁾
Janus Henderson VIT Flex Bd, Serv
2018		41,077		$1.05	to	$0.97		$41,907		2.59	%		0.55	%	to	1.90	%		(1.83	%)	to	(3.15	%)
2017		48,174		$1.07	to	$1.00		$50,335		2.46	%		0.55	%	to	1.90	%		2.79	%	to	1.41	%
2016		52,385		$1.04	to	$0.99		$53,508		2.53	%		0.55	%	to	1.90	%		1.66	%	to	0.30	%
2015		39,412		$1.02	to	$0.98		$39,813		2.18	%		0.55	%	to	1.90	%		(0.61	%)	to	(1.94	%)
2014		18,510		$1.03	to	$1.00		$18,938		3.54	%		0.55	%	to	1.90	%		4.12	%	to	2.73	%
Janus Henderson VIT Gbl Tech, Serv
2018		15,070		$1.52	to	$3.46		$22,441		—			0.55	%	to	1.20	%		0.35	%	to	(0.30	%)
2017		16,362		$1.51	to	$3.47		$24,230		—			0.55	%	to	1.20	%		44.12	%	to	43.19	%
2016		18,360		$1.05	to	$2.43		$18,891		0.09	%		0.55	%	to	1.20	%		13.23	%	to	12.50	%
2015		21,049		$0.93	to	$2.16		$19,200		—			0.55	%	to	1.20	%		4.07	%	to	3.40	%
2014		21,328		$0.89	to	$2.09		$18,713		—			0.55	%	to	1.20	%		8.75	%	to	8.04	%
Janus Henderson VIT Overseas, Serv
2018		15,915		$1.27	to	$2.00		$19,487		1.64	%		0.55	%	to	1.20	%		(15.60	%)	to	(16.16	%)
2017		17,974		$1.50	to	$2.38		$26,123		1.58	%		0.55	%	to	1.20	%		30.09	%	to	29.25	%
2016		20,913		$1.15	to	$1.84		$23,412		4.67	%		0.55	%	to	1.20	%		(7.22	%)	to	(7.82	%)
2015		24,946		$1.24	to	$2.00		$30,219		0.50	%		0.55	%	to	1.20	%		(9.30	%)	to	(9.89	%)
2014		30,009		$1.37	to	$2.22		$40,254		2.97	%		0.55	%	to	1.20	%		(12.58	%)	to	(13.15	%)
Janus Henderson VIT Res, Serv
2018		21,976		$2.00	to	$1.71		$42,067		0.36	%		0.55	%	to	1.90	%		(3.37	%)	to	(4.68	%)
2017		24,074		$2.07	to	$1.80		$47,967		0.24	%		0.55	%	to	1.90	%		26.86	%	to	25.16	%
2016		28,456		$1.63	to	$1.44		$44,874		0.38	%		0.55	%	to	1.90	%		(0.27	%)	to	(1.61	%)
2015		33,433		$1.63	to	$1.46		$53,075		0.46	%		0.55	%	to	1.90	%		4.50	%	to	3.10	%
2014		34,514		$1.56	to	$1.42		$52,555		0.22	%		0.55	%	to	1.90	%		12.12	%	to	10.62	%
Lazard Ret Global Dyn MA, Serv
2018		15,222		$1.30	to	$1.21		$19,245		1.38	%		0.55	%	to	1.90	%		(7.08	%)	to	(8.34	%)
2017		12,337		$1.40	to	$1.32		$16,905		—			0.55	%	to	1.90	%		19.87	%	to	18.27	%
2016		12,934		$1.17	to	$1.11		$14,857		0.21	%		0.55	%	to	1.90	%		2.74	%	to	1.36	%
2015		16,048		$1.14	to	$1.10		$18,042		—			0.55	%	to	1.90	%		(0.99	%)	to	(2.31	%)
2014		14,706		$1.15	to	$1.12		$16,769		0.73	%		0.55	%	to	1.90	%		2.14	%	to	0.77	%
MFS Mass Inv Gro Stock, Serv Cl
2018		41,339		$1.31	to	$1.27		$53,770		0.33	%		0.55	%	to	1.45	%		0.02	%	to	(0.88	%)
2017		48,413		$1.31	to	$1.28		$63,174		0.41	%		0.55	%	to	1.45	%		27.40	%	to	26.26	%
2016		58,861		$1.03	to	$1.01		$60,486		0.38	%		0.55	%	to	1.45	%		5.26	%	to	4.32	%
2015		67,425		$0.98	to	$0.97		$66,042		0.60	%		0.55	%	to	1.45	%		(2.04	%)⁽⁶⁾	to	(2.71	%)⁽⁶⁾
MFS New Dis, Serv Cl
2018		12,560		$2.41	to	$2.56		$29,201		—			0.55	%	to	1.20	%		(2.26	%)	to	(2.90	%)
2017		14,310		$2.47	to	$2.64		$34,090		—			0.55	%	to	1.20	%		25.64	%	to	24.83	%
2016		16,734		$1.97	to	$2.11		$31,851		—			0.55	%	to	1.20	%		8.20	%	to	7.50	%
2015		20,210		$1.82	to	$1.97		$35,640		—			0.55	%	to	1.20	%		(2.68	%)	to	(3.31	%)
2014		24,112		$1.87	to	$2.03		$43,814		—			0.55	%	to	1.20	%		(8.00	%)	to	(8.60	%)
MFS Utilities, Serv Cl
2018		51,317		$3.59	to	$1.41		$151,015		0.83	%		0.55	%	to	1.90	%		0.26	%	to	(1.09	%)
2017		61,196		$3.59	to	$1.43		$180,143		4.10	%		0.55	%	to	1.90	%		13.87	%	to	12.35	%
2016		70,057		$3.15	to	$1.27		$182,085		3.65	%		0.55	%	to	1.90	%		10.63	%	to	9.15	%
2015		79,768		$2.85	to	$1.16		$190,029		3.91	%		0.55	%	to	1.90	%		(15.22	%)	to	(16.37	%)
2014		96,240		$3.36	to	$1.39		$273,800		1.93	%		0.55	%	to	1.90	%		11.85	%	to	10.35	%



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			117


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
MS VIF Global Real Est, Cl II
2018		20,200		$1.41	to	$1.32		$27,834		3.10	%		0.55	%	to	1.45	%		(8.71	%)	to	(9.53	%)
2017		25,820		$1.55	to	$1.46		$39,104		2.41	%		0.55	%	to	1.45	%		9.11	%	to	8.13	%
2016		32,431		$1.42	to	$1.35		$45,178		1.36	%		0.55	%	to	1.45	%		2.56	%	to	1.64	%
2015		38,954		$1.38	to	$1.33		$53,052		2.29	%		0.55	%	to	1.45	%		(1.96	%)	to	(2.84	%)
2014		44,945		$1.41	to	$1.37		$62,633		0.72	%		0.55	%	to	1.45	%		13.23	%	to	12.21	%
MS VIF Mid Cap Gro, Cl II
2018		17,284		$2.33	to	$1.51		$39,637		—			0.55	%	to	1.90	%		9.92	%	to	8.43	%
2017		14,475		$2.12	to	$1.40		$30,403		—			0.55	%	to	1.90	%		37.84	%	to	36.00	%
2016		16,090		$1.54	to	$1.03		$24,689		—			0.55	%	to	1.90	%		(9.34	%)	to	(10.56	%)
2015		20,715		$1.70	to	$1.15		$35,167		—			0.55	%	to	1.90	%		(6.50	%)	to	(7.76	%)
2014		24,645		$1.81	to	$1.24		$44,824		—			0.55	%	to	1.90	%		1.28	%	to	(0.07	%)
NB AMT Intl Eq, Cl S
2018		9,712		$1.10	to	$1.11		$10,777		0.15	%		0.55	%	to	1.45	%		(17.41	%)	to	(18.15	%)
2017		11,254		$1.34	to	$1.36		$15,150		0.65	%		0.55	%	to	1.45	%		26.07	%	to	24.94	%
2016		12,747		$1.06	to	$1.08		$13,664		0.62	%		0.55	%	to	1.45	%		(2.35	%)	to	(3.23	%)
2015		14,559		$1.09	to	$1.12		$16,013		0.91	%		0.55	%	to	1.45	%		0.97	%	to	0.07	%
2014		16,273		$1.07	to	$1.12		$17,812		0.34	%		0.55	%	to	1.45	%		(3.80	%)	to	(4.67	%)
NB AMT US Eq Index PW Strat, Cl S
2018		4,045		$0.91	to	$0.85		$3,586		—			0.55	%	to	1.90	%		(7.30	%)	to	(8.54	%)
2017		3,417		$0.98	to	$0.93		$3,281		—			0.55	%	to	1.90	%		6.10	%	to	4.68	%
2016		3,376		$0.92	to	$0.89		$3,072		—			0.55	%	to	1.90	%		(1.19	%)	to	(2.51	%)
2015		3,673		$0.93	to	$0.91		$3,400		—			0.55	%	to	1.90	%		(5.58	%)	to	(6.85	%)
2014		1,106		$0.99	to	$0.98		$1,091		—			0.55	%	to	1.90	%		(1.46	%)⁽⁵⁾	to	(2.13	%)⁽⁵⁾
Oppen Global VA, Serv
2018		52,505		$2.57	to	$1.52		$114,539		0.75	%		0.55	%	to	1.90	%		(13.87	%)	to	(15.03	%)
2017		51,073		$2.98	to	$1.79		$130,695		0.73	%		0.55	%	to	1.90	%		35.57	%	to	33.77	%
2016		51,397		$2.20	to	$1.34		$97,849		0.78	%		0.55	%	to	1.90	%		(0.70	%)	to	(2.03	%)
2015		60,235		$2.21	to	$1.36		$116,212		1.05	%		0.55	%	to	1.90	%		3.10	%	to	1.72	%
2014		58,005		$2.15	to	$1.34		$109,803		0.87	%		0.55	%	to	1.90	%		1.50	%	to	0.14	%
Oppen Global Strategic Inc VA, Srv
2018		149,770		$1.69	to	$0.94		$234,872		4.57	%		0.55	%	to	1.90	%		(5.07	%)	to	(6.35	%)
2017		184,653		$1.78	to	$1.00		$306,521		1.99	%		0.55	%	to	1.90	%		5.46	%	to	4.05	%
2016		217,796		$1.69	to	$0.97		$344,745		4.63	%		0.55	%	to	1.90	%		5.68	%	to	4.27	%
2015		270,283		$1.60	to	$0.93		$407,154		5.49	%		0.55	%	to	1.90	%		(3.03	%)	to	(4.32	%)
2014		327,695		$1.65	to	$0.97		$511,410		3.88	%		0.55	%	to	1.90	%		1.93	%	to	0.56	%
Oppen Main St Sm Cap VA, Serv
2018		35,518		$2.81	to	$1.62		$84,593		0.06	%		0.55	%	to	1.90	%		(11.03	%)	to	(12.23	%)
2017		37,837		$3.16	to	$1.84		$101,756		0.65	%		0.55	%	to	1.90	%		13.29	%	to	11.77	%
2016		38,137		$2.79	to	$1.65		$91,572		0.25	%		0.55	%	to	1.90	%		17.03	%	to	15.46	%
2015		41,600		$2.39	to	$1.43		$86,026		0.64	%		0.55	%	to	1.90	%		(6.61	%)	to	(7.86	%)
2014		41,092		$2.55	to	$1.55		$91,690		0.64	%		0.55	%	to	1.90	%		11.04	%	to	9.55	%
PIMCO VIT All Asset, Advisor Cl
2018		46,372		$1.58	to	$1.06		$70,331		2.95	%		0.55	%	to	1.90	%		(5.97	%)	to	(7.23	%)
2017		56,360		$1.68	to	$1.14		$91,337		4.43	%		0.55	%	to	1.90	%		12.76	%	to	11.25	%
2016		64,890		$1.49	to	$1.02		$93,646		2.43	%		0.55	%	to	1.90	%		12.29	%	to	10.77	%
2015		80,431		$1.33	to	$0.92		$103,895		2.91	%		0.55	%	to	1.90	%		(9.69	%)	to	(10.89	%)
2014		116,223		$1.47	to	$1.04		$166,593		4.79	%		0.55	%	to	1.90	%		(0.10	%)	to	(1.43	%)
PIMCO VIT Glb MA Man Alloc, Adv Cl
2018		4,395		$1.08	to	$0.98		$4,553		1.59	%		0.55	%	to	1.90	%		(6.13	%)	to	(7.40	%)
2017		4,421		$1.15	to	$1.06		$4,914		2.16	%		0.55	%	to	1.90	%		13.37	%	to	11.85	%
2016		4,276		$1.01	to	$0.95		$4,210		2.34	%		0.55	%	to	1.90	%		3.35	%	to	1.98	%
2015		4,724		$0.98	to	$0.93		$4,525		1.76	%		0.55	%	to	1.90	%		(0.81	%)	to	(2.14	%)
2014		4,088		$0.99	to	$0.95		$3,971		2.32	%		0.55	%	to	1.90	%		4.00	%	to	2.62	%
PIMCO VIT Tot Return, Advisor Cl
2018		29,874		$1.05	to	$0.97		$30,435		2.43	%		0.55	%	to	1.90	%		(1.18	%)	to	(2.51	%)
2017		28,808		$1.06	to	$0.99		$29,845		1.92	%		0.55	%	to	1.90	%		4.24	%	to	2.84	%
2016		18,986		$1.02	to	$0.97		$18,973		1.98	%		0.55	%	to	1.90	%		2.01	%	to	0.65	%
2015		14,009		$1.00	to	$0.96		$13,796		4.90	%		0.55	%	to	1.90	%		(0.54	%)	to	(1.88	%)
2014		11,275		$1.00	to	$0.98		$11,228		2.55	%		0.55	%	to	1.90	%		3.95	%	to	2.56	%



118		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
Put VT Global Hlth Care, Cl IB
2018		8,767		$2.68	to	$2.49		$22,465		0.99	%		0.55	%	to	1.20	%		(1.14	%)	to	(1.79	%)
2017		9,934		$2.71	to	$2.54		$25,818		0.53	%		0.55	%	to	1.20	%		14.67	%	to	13.93	%
2016		11,746		$2.36	to	$2.23		$26,703		—			0.55	%	to	1.20	%		(11.84	%)	to	(12.41	%)
2015		14,959		$2.68	to	$2.54		$38,672		7.52	%		0.55	%	to	1.20	%		7.20	%	to	6.50	%
2014		12,806		$2.50	to	$2.39		$30,988		9.14	%		0.55	%	to	1.20	%		26.94	%	to	26.12	%
Put VT Intl Eq, Cl IB
2018		7,342		$1.55	to	$1.53		$10,946		1.42	%		0.55	%	to	1.20	%		(19.56	%)	to	(20.08	%)
2017		8,597		$1.93	to	$1.91		$15,980		2.24	%		0.55	%	to	1.20	%		25.89	%	to	25.07	%
2016		9,846		$1.53	to	$1.53		$14,585		3.53	%		0.55	%	to	1.20	%		(2.99	%)	to	(3.61	%)
2015		11,782		$1.58	to	$1.58		$18,040		1.17	%		0.55	%	to	1.20	%		(0.41	%)	to	(1.05	%)
2014		12,170		$1.59	to	$1.60		$18,773		0.93	%		0.55	%	to	1.20	%		(7.29	%)	to	(7.89	%)
Put VT Sus Leaders, Cl IB
2018		10,470		$2.54	to	$2.41		$26,029		—			0.55	%	to	1.20	%		(2.07	%)	to	(2.71	%)
2017		11,436		$2.60	to	$2.48		$29,120		0.63	%		0.55	%	to	1.20	%		28.52	%	to	27.69	%
2016		12,838		$2.02	to	$1.94		$25,512		0.72	%		0.55	%	to	1.20	%		7.20	%	to	6.51	%
2015		14,936		$1.88	to	$1.82		$27,762		1.69	%		0.55	%	to	1.20	%		(0.84	%)	to	(1.48	%)
2014		16,591		$1.90	to	$1.85		$31,237		0.31	%		0.55	%	to	1.20	%		12.87	%	to	12.13	%
Temp Global Bond, Cl 2
2018		37,431		$1.00	to	$0.92		$36,361		—			0.55	%	to	1.90	%		1.38	%	to	0.01	%
2017		37,623		$0.98	to	$0.92		$36,206		—			0.55	%	to	1.90	%		1.37	%	to	0.02	%
2016		33,736		$0.97	to	$0.92		$32,181		—			0.55	%	to	1.90	%		2.38	%	to	1.00	%
2015		37,383		$0.95	to	$0.91		$34,993		7.87	%		0.55	%	to	1.90	%		(4.83	%)	to	(6.11	%)
2014		34,706		$0.99	to	$0.97		$34,290		4.82	%		0.55	%	to	1.90	%		1.27	%	to	(0.08	%)
VanEck VIP Global Gold, Cl S
2018		17,188		$0.74	to	$0.69		$12,411		3.11	%		0.55	%	to	1.90	%		(16.16	%)	to	(17.30	%)
2017		14,742		$0.88	to	$0.83		$12,758		4.45	%		0.55	%	to	1.90	%		11.02	%	to	9.53	%
2016		14,214		$0.80	to	$0.76		$11,190		0.32	%		0.55	%	to	1.90	%		47.13	%	to	45.16	%
2015		10,176		$0.54	to	$0.52		$5,450		—			0.55	%	to	1.90	%		(24.57	%)	to	(25.58	%)
2014		7,540		$0.72	to	$0.70		$5,379		0.30	%		0.55	%	to	1.90	%		(6.56	%)	to	(7.80	%)
VP Aggr, Cl 2
2018		589,593		$1.73	to	$1.33		$983,660		—			0.55	%	to	1.90	%		(9.09	%)	to	(10.31	%)
2017		645,382		$1.90	to	$1.48		$1,188,161		—			0.55	%	to	1.90	%		18.26	%	to	16.68	%
2016		694,293		$1.61	to	$1.27		$1,085,154		—			0.55	%	to	1.90	%		5.33	%	to	3.92	%
2015		767,605		$1.52	to	$1.22		$1,143,770		—			0.55	%	to	1.90	%		(1.30	%)	to	(2.63	%)
2014		777,550		$1.54	to	$1.25		$1,178,719		—			0.55	%	to	1.90	%		4.95	%	to	3.54	%
VP Aggr, Cl 4
2018		364,028		$1.73	to	$1.60		$609,397		—			0.55	%	to	1.45	%		(9.12	%)	to	(9.94	%)
2017		438,155		$1.90	to	$1.77		$810,257		—			0.55	%	to	1.45	%		18.22	%	to	17.17	%
2016		554,043		$1.61	to	$1.51		$870,142		—			0.55	%	to	1.45	%		5.39	%	to	4.44	%
2015		678,201		$1.53	to	$1.45		$1,014,551		—			0.55	%	to	1.45	%		(1.30	%)	to	(2.19	%)
2014		756,649		$1.55	to	$1.48		$1,150,971		—			0.55	%	to	1.45	%		4.94	%	to	4.00	%
VP Conserv, Cl 2
2018		313,974		$1.29	to	$1.06		$387,057		—			0.55	%	to	1.90	%		(3.49	%)	to	(4.79	%)
2017		364,115		$1.33	to	$1.11		$466,977		—			0.55	%	to	1.90	%		6.83	%	to	5.40	%
2016		420,989		$1.25	to	$1.05		$507,922		—			0.55	%	to	1.90	%		2.87	%	to	1.49	%
2015		404,404		$1.21	to	$1.04		$476,634		—			0.55	%	to	1.90	%		(0.71	%)	to	(2.04	%)
2014		446,223		$1.22	to	$1.06		$532,392		—			0.55	%	to	1.90	%		3.67	%	to	2.28	%
VP Conserv, Cl 4
2018		359,816		$1.29	to	$1.19		$446,021		—			0.55	%	to	1.45	%		(3.41	%)	to	(4.29	%)
2017		438,966		$1.33	to	$1.24		$565,866		—			0.55	%	to	1.45	%		6.75	%	to	5.80	%
2016		557,147		$1.25	to	$1.17		$675,846		—			0.55	%	to	1.45	%		2.87	%	to	1.95	%
2015		573,235		$1.21	to	$1.15		$678,617		—			0.55	%	to	1.45	%		(0.70	%)	to	(1.60	%)
2014		671,729		$1.22	to	$1.17		$804,077		—			0.55	%	to	1.45	%		3.76	%	to	2.82	%
VP Man Risk, Cl 2
2018		95,804		$0.98	to	$0.96		$92,980		—			0.55	%	to	1.90	%		(5.82	%)	to	(7.09	%)
2017		16,502		$1.04	to	$1.03		$17,080		—			0.55	%	to	1.90	%		3.53	%⁽⁸⁾	to	3.14	%⁽⁸⁾



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			119


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾		Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
VP Man Risk US, Cl 2
2018		72,408		$1.00	to	$0.98		$72,135		—		0.55	%	to	1.90	%		(4.07	%)	to	(5.36	%)
2017		10,227		$1.04	to	$1.04		$10,666		—		0.55	%	to	1.90	%		4.33	%⁽⁸⁾	to	3.94	%⁽⁸⁾
VP Man Vol Conserv, Cl 2
2018		352,073		$1.09	to	$1.02		$377,188		—		0.55	%	to	1.90	%		(3.12	%)	to	(4.42	%)
2017		371,569		$1.12	to	$1.07		$412,801		—		0.55	%	to	1.90	%		7.30	%	to	5.86	%
2016		375,994		$1.05	to	$1.01		$390,968		—		0.55	%	to	1.90	%		2.49	%	to	1.12	%
2015		205,029		$1.02	to	$1.00		$208,901		—		0.55	%	to	1.90	%		(1.68	%)	to	(2.99	%)
2014		117,419		$1.04	to	$1.03		$122,260		—		0.55	%	to	1.90	%		3.87	%	to	2.48	%
VP Man Vol Conserv Gro, Cl 2
2018		1,045,272		$1.11	to	$1.06		$1,166,105		—		0.55	%	to	1.90	%		(4.83	%)	to	(6.11	%)
2017		1,090,668		$1.17	to	$1.13		$1,283,320		—		0.55	%	to	1.90	%		10.58	%	to	9.11	%
2016		1,147,613		$1.05	to	$1.04		$1,225,828		—		0.55	%	to	1.90	%		2.60	%	to	1.23	%
2015		787,479		$1.03	to	$1.03		$823,246		—		0.55	%	to	1.90	%		(2.37	%)	to	(3.67	%)
2014		568,924		$1.05	to	$1.06		$611,169		—		0.55	%	to	1.90	%		4.12	%	to	2.72	%
VP Man Vol Gro, Cl 2
2018		7,690,166		$1.14	to	$1.15		$9,161,189		—		0.55	%	to	1.90	%		(8.24	%)	to	(9.48	%)
2017		7,241,065		$1.24	to	$1.27		$9,417,648		—		0.55	%	to	1.90	%		16.84	%	to	15.28	%
2016		6,861,703		$1.06	to	$1.10		$7,649,392		—		0.55	%	to	1.90	%		2.80	%	to	1.42	%
2015		6,355,234		$1.03	to	$1.08		$6,894,914		—		0.55	%	to	1.90	%		(3.87	%)	to	(5.16	%)
2014		4,932,170		$1.07	to	$1.14		$5,556,332		—		0.55	%	to	1.90	%		4.37	%	to	2.97	%
VP Man Vol Mod Gro, Cl 2
2018		10,282,670		$1.13	to	$1.18		$12,547,330		—		0.55	%	to	1.90	%		(6.37	%)	to	(7.63	%)
2017		10,233,494		$1.21	to	$1.27		$13,380,654		—		0.55	%	to	1.90	%		13.72	%	to	12.20	%
2016		10,167,228		$1.06	to	$1.14		$11,730,363		—		0.55	%	to	1.90	%		2.85	%	to	1.47	%
2015		9,075,444		$1.03	to	$1.12		$10,207,540		—		0.55	%	to	1.90	%		(3.05	%)	to	(4.35	%)
2014		7,692,582		$1.06	to	$1.17		$8,953,330		—		0.55	%	to	1.90	%		4.28	%	to	2.88	%
VP Mod, Cl 2
2018		4,279,589		$1.52	to	$1.19		$6,252,850		—		0.55	%	to	1.90	%		(6.09	%)	to	(7.36	%)
2017		4,525,857		$1.62	to	$1.29		$7,073,183		—		0.55	%	to	1.90	%		12.60	%	to	11.10	%
2016		4,720,820		$1.44	to	$1.16		$6,581,507		—		0.55	%	to	1.90	%		4.06	%	to	2.67	%
2015		4,872,680		$1.38	to	$1.13		$6,556,989		—		0.55	%	to	1.90	%		(1.10	%)	to	(2.43	%)
2014		5,028,711		$1.40	to	$1.16		$6,873,036		—		0.55	%	to	1.90	%		4.49	%	to	3.09	%
VP Mod, Cl 4
2018		4,786,697		$1.52	to	$1.41		$7,036,348		—		0.55	%	to	1.45	%		(6.09	%)	to	(6.93	%)
2017		5,535,497		$1.62	to	$1.51		$8,698,841		—		0.55	%	to	1.45	%		12.59	%	to	11.58	%
2016		6,377,730		$1.44	to	$1.35		$8,937,621		—		0.55	%	to	1.45	%		4.06	%	to	3.12	%
2015		7,222,346		$1.38	to	$1.31		$9,765,609		—		0.55	%	to	1.45	%		(1.10	%)	to	(1.99	%)
2014		7,922,040		$1.40	to	$1.34		$10,873,224		—		0.55	%	to	1.45	%		4.48	%	to	3.54	%
VP Mod Aggr, Cl 2
2018		2,013,548		$1.63	to	$1.26		$3,155,126		—		0.55	%	to	1.90	%		(7.55	%)	to	(8.79	%)
2017		2,232,170		$1.76	to	$1.38		$3,799,415		—		0.55	%	to	1.90	%		15.51	%	to	13.97	%
2016		2,427,281		$1.52	to	$1.21		$3,592,456		—		0.55	%	to	1.90	%		4.69	%	to	3.29	%
2015		2,674,127		$1.45	to	$1.17		$3,797,681		—		0.55	%	to	1.90	%		(1.27	%)	to	(2.59	%)
2014		2,793,304		$1.47	to	$1.20		$4,035,594		—		0.55	%	to	1.90	%		4.57	%	to	3.17	%
VP Mod Aggr, Cl 4
2018		1,388,678		$1.63	to	$1.50		$2,188,002		—		0.55	%	to	1.45	%		(7.59	%)	to	(8.42	%)
2017		1,694,432		$1.76	to	$1.64		$2,900,251		—		0.55	%	to	1.45	%		15.56	%	to	14.52	%
2016		2,083,794		$1.52	to	$1.43		$3,098,935		—		0.55	%	to	1.45	%		4.68	%	to	3.75	%
2015		2,538,648		$1.46	to	$1.38		$3,620,415		—		0.55	%	to	1.45	%		(1.34	%)	to	(2.22	%)
2014		2,876,781		$1.48	to	$1.41		$4,173,366		—		0.55	%	to	1.45	%		4.64	%	to	3.69	%
VP Mod Conserv, Cl 2
2018		857,276		$1.40	to	$1.12		$1,148,665		—		0.55	%	to	1.90	%		(4.65	%)	to	(5.94	%)
2017		951,569		$1.46	to	$1.19		$1,344,016		—		0.55	%	to	1.90	%		9.41	%	to	7.94	%
2016		1,050,146		$1.34	to	$1.10		$1,362,169		—		0.55	%	to	1.90	%		3.40	%	to	2.01	%
2015		1,080,404		$1.29	to	$1.08		$1,362,065		—		0.55	%	to	1.90	%		(0.77	%)	to	(2.10	%)
2014		1,171,936		$1.30	to	$1.10		$1,495,793		—		0.55	%	to	1.90	%		4.20	%	to	2.80	%



120		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
VP Mod Conserv, Cl 4
2018		966,531		$1.40	to	$1.29		$1,304,637		—			0.55	%	to	1.45	%		(4.58	%)	to	(5.44	%)
2017		1,166,069		$1.47	to	$1.37		$1,656,917		—			0.55	%	to	1.45	%		9.31	%	to	8.34	%
2016		1,410,424		$1.34	to	$1.26		$1,841,117		—			0.55	%	to	1.45	%		3.47	%	to	2.54	%
2015		1,588,850		$1.30	to	$1.23		$2,012,896		—			0.55	%	to	1.45	%		(0.84	%)	to	(1.74	%)
2014		1,869,994		$1.31	to	$1.25		$2,399,263		—			0.55	%	to	1.45	%		4.19	%	to	3.25	%
VP Ptnrs Sm Cap Val, Cl 3
2018		22,961		$3.13	to	$1.63		$61,363		—			0.55	%	to	1.45	%		(14.07	%)	to	(14.85	%)
2017		26,821		$3.64	to	$1.92		$83,615		—			0.55	%	to	1.45	%		6.44	%	to	5.49	%
2016		32,428		$3.42	to	$1.82		$95,187		—			0.55	%	to	1.45	%		24.85	%	to	23.73	%
2015		38,518		$2.74	to	$1.47		$91,180		—			0.55	%	to	1.45	%		(9.85	%)	to	(10.66	%)
2014		45,329		$3.04	to	$1.65		$119,932		—			0.55	%	to	1.45	%		1.50	%	to	0.59	%
VP US Flex Conserv Gro, Cl 2⁽¹⁰⁾
2018		119,444		$1.00	to	$1.05		$128,176		—			0.55	%	to	1.90	%		(3.03	%)	to	(4.33	%)
2017		69,286		$1.04	to	$1.10		$77,087		—			0.55	%	to	1.90	%		3.43	%⁽⁸⁾	to	9.62	%
VP US Flex Gro, Cl 2⁽¹⁰⁾
2018		1,403,049		$1.02	to	$1.13		$1,616,520		—			0.55	%	to	1.90	%		(4.45	%)	to	(5.73	%)
2017		782,503		$1.06	to	$1.20		$948,181		—			0.55	%	to	1.90	%		6.17	%⁽⁸⁾	to	16.23	%
VP US Flex Mod Gro, Cl 2⁽¹⁰⁾
2018		965,850		$1.01	to	$1.09		$1,074,953		—			0.55	%	to	1.90	%		(3.77	%)	to	(5.06	%)
2017		581,575		$1.05	to	$1.15		$675,916		—			0.55	%	to	1.90	%		4.93	%⁽⁸⁾	to	13.02	%
Wanger Intl
2018		60,391		$3.35	to	$1.61		$160,984		2.02	%		0.55	%	to	1.45	%		(18.15	%)	to	(18.89	%)
2017		68,564		$4.09	to	$1.99		$224,311		1.20	%		0.55	%	to	1.45	%		32.19	%	to	31.01	%
2016		78,620		$3.10	to	$1.52		$195,758		1.13	%		0.55	%	to	1.45	%		(1.95	%)	to	(2.83	%)
2015		94,010		$3.16	to	$1.56		$241,040		1.42	%		0.55	%	to	1.45	%		(0.45	%)	to	(1.35	%)
2014		107,941		$3.17	to	$1.58		$280,176		1.41	%		0.55	%	to	1.45	%		(4.93	%)	to	(5.78	%)
Wanger USA
2018		63,796		$4.33	to	$2.18		$227,464		0.09	%		0.55	%	to	1.45	%		(2.00	%)	to	(2.89	%)
2017		73,900		$4.42	to	$2.25		$269,824		—			0.55	%	to	1.45	%		18.93	%	to	17.86	%
2016		87,712		$3.71	to	$1.91		$269,942		—			0.55	%	to	1.45	%		13.07	%	to	12.05	%
2015		105,481		$3.28	to	$1.70		$289,513		0.00	%		0.55	%	to	1.45	%		(1.15	%)	to	(2.04	%)
2014		121,749		$3.32	to	$1.74		$341,048		0.00	%		0.55	%	to	1.45	%		4.21	%	to	3.27	%
WF VT Index Asset Alloc, Cl 2
2018		9,481		$2.44	to	$2.30		$22,593		0.97	%		0.55	%	to	1.20	%		(3.44	%)	to	(4.07	%)
2017		11,067		$2.53	to	$2.40		$27,343		0.74	%		0.55	%	to	1.20	%		11.64	%	to	10.91	%
2016		12,593		$2.26	to	$2.17		$27,911		0.89	%		0.55	%	to	1.20	%		7.09	%	to	6.39	%
2015		13,760		$2.11	to	$2.04		$28,356		1.03	%		0.55	%	to	1.20	%		0.70	%	to	0.04	%
2014		15,061		$2.10	to	$2.03		$30,814		1.53	%		0.55	%	to	1.20	%		17.41	%	to	16.65	%
WF VT Intl Eq, Cl 2
2018		20,982		$1.65	to	$1.07		$29,640		11.24	%		0.55	%	to	1.45	%		(17.73	%)	to	(18.48	%)
2017		23,601		$2.00	to	$1.31		$40,675		2.82	%		0.55	%	to	1.45	%		23.66	%	to	22.55	%
2016		24,730		$1.62	to	$1.07		$34,690		2.82	%		0.55	%	to	1.45	%		2.73	%	to	1.81	%
2015		30,265		$1.58	to	$1.05		$41,543		3.97	%		0.55	%	to	1.45	%		1.24	%	to	0.33	%
2014		29,780		$1.56	to	$1.05		$40,733		2.68	%		0.55	%	to	1.45	%		(5.87	%)	to	(6.72	%)
WF VT Opp, Cl 2
2018		17,378		$2.88	to	$1.58		$44,290		0.18	%		0.55	%	to	1.90	%		(7.66	%)	to	(8.90	%)
2017		20,487		$3.12	to	$1.73		$56,740		0.68	%		0.55	%	to	1.90	%		19.78	%	to	18.18	%
2016		23,575		$2.61	to	$1.47		$54,889		2.04	%		0.55	%	to	1.90	%		11.61	%	to	10.12	%
2015		27,542		$2.34	to	$1.33		$57,752		0.13	%		0.55	%	to	1.90	%		(3.62	%)	to	(4.90	%)
2014		30,483		$2.42	to	$1.40		$66,811		0.06	%		0.55	%	to	1.90	%		9.82	%	to	8.35	%
WF VT Sm Cap Gro, Cl 2
2018		26,761		$2.92	to	$1.63		$72,561		—			0.55	%	to	1.90	%		0.75	%	to	(0.61	%)
2017		25,824		$2.90	to	$1.64		$69,947		—			0.55	%	to	1.90	%		25.17	%	to	23.50	%
2016		28,341		$2.32	to	$1.33		$61,652		—			0.55	%	to	1.90	%		7.16	%	to	5.73	%
2015		33,099		$2.16	to	$1.26		$67,685		—			0.55	%	to	1.90	%		(3.42	%)	to	(4.71	%)
2014		32,243		$2.24	to	$1.32		$68,710		—			0.55	%	to	1.90	%		(2.42	%)	to	(3.72	%)



RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT			121


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
WA Var Global Hi Yd Bond, Cl II
2018		8,318		$1.10	to	$1.02		$8,870		4.55	%		0.55	%	to	1.90	%		(4.69	%)	to	(5.98	%)
2017		9,079		$1.15	to	$1.08		$10,224		5.77	%		0.55	%	to	1.90	%		7.83	%	to	6.39	%
2016		6,019		$1.07	to	$1.02		$6,315		5.94	%		0.55	%	to	1.90	%		14.73	%	to	13.20	%
2015		6,145		$0.93	to	$0.90		$5,648		5.80	%		0.55	%	to	1.90	%		(6.59	%)	to	(7.85	%)
2014		6,037		$1.00	to	$0.97		$5,973		8.19	%		0.55	%	to	1.90	%		(2.05	%)	to	(3.36	%)

⁽¹⁾

The accumulation unit values and total returns are based on the variable annuity contracts with the lowest and highest expense ratios.

⁽²⁾

These amounts represent the dividends, excluding distributions of capital gains, received by the division from the underlying fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude variable account expenses that result in direct reductions in the unit values. The recognition of investment income by the division is affected by the timing of the declaration of dividends by the underlying fund in which the division invests. These ratios are annualized for periods less than one year.

⁽³⁾

These ratios represent the annualized contract expenses of the separate account, consisting primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying fund are excluded.

⁽⁴⁾

These amounts represent the total return for the periods indicated, including changes in the value of the underlying fund, and reflect deductions for all items included in the expense ratio. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for the period indicated or from the effective date through the end of the reporting period. Although the total return is presented as a range of minimum to maximum values, based on the subaccounts representing the minimum and maximum expense ratio amounts, some individual subaccount total returns are not within the ranges presented due to the introduction of new subaccounts during the year and other market factors.

⁽⁵⁾

New subaccount operations commenced on June 30, 2014.

⁽⁶⁾

New subaccount operations commenced on March 27, 2015.

⁽⁷⁾

New subaccount operations commenced on April 29, 2016.

⁽⁸⁾

New subaccount operations commenced on September 18, 2017.

⁽⁹⁾

New subaccount operations commenced on April 27, 2018.

⁽¹⁰⁾

Effective Sept. 18, 2017, the Fund option became available under RAVA Advantage Band 3.



122		RIVERSOURCE RETIREMENT ADVISOR ADVANTAGE VARIABLE ANNUITY – BAND 3 – 2018 ANNUAL REPORT

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

TO THE BOARD OF DIRECTORS AND SHAREHOLDER OF

RIVERSOURCE LIFE INSURANCE COMPANY:

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of RiverSource Life Insurance Company and its subsidiaries (the “Company”) as of December 31, 2018 and 2017, and the related consolidated statements of income, comprehensive income, shareholder’s equity and cash flows for each of the three years in the period ended December 31, 2018, including the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2018 and 2017, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2018 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s consolidated financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these consolidated financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Minneapolis, Minnesota

February 26, 2019

We have served as the Company’s auditor since 2010.

F-1

RiverSource Life Insurance Company

CONSOLIDATED BALANCE SHEETS

(in millions, except share amounts)


December 31,	2018		2017
Assets
Investments:
Available-for-Sale: Fixed maturities, at fair value (amortized cost: 2018, $21,099; 2017, $20,764)	$	21,528	$	22,155
Mortgage loans, at amortized cost (less allowance for loan losses: 2018 and 2017, $16)		2,547		2,619
Policy loans		861		845
Other investments		838		900
Total investments		25,774		26,519
Cash and cash equivalents		1,085		1,062
Reinsurance recoverables		3,113		2,876
Other receivables		209		207
Accrued investment income		203		219
Deferred acquisition costs		2,742		2,639
Other assets		3,554		4,358
Separate account assets		73,393		82,560
Total assets	$	110,073	$	120,440

Liabilities and Shareholder’s Equity
Liabilities:
Policyholder account balances, future policy benefits and claims	$	29,407	$	29,178
Short-term borrowings		201		200
Other liabilities		3,500		4,674
Separate account liabilities		73,393		82,560
Total liabilities		106,501		116,612
Shareholder’s equity:
Common stock, $30 par value; 100,000 shares authorized, issued and outstanding		3		3
Additional paid-in capital		2,466		2,466
Retained earnings		1,058		903
Accumulated other comprehensive income, net of tax		45		456
Total shareholder’s equity		3,572		3,828
Total liabilities and shareholder’s equity	$	110,073	$	120,440

See Notes to Consolidated Financial Statements.

F-2

RiverSource Life Insurance Company

CONSOLIDATED STATEMENTS OF INCOME

(in millions)


Years Ended December 31,	2018		2017⁽¹⁾		2016⁽¹⁾
Revenues
Premiums	$	396	$	410	$	417
Net investment income		1,023		1,011		1,128
Policy and contract charges		2,081		1,943		2,000
Other revenues		411		400		390
Net realized investment gains (losses)		10		40		26
Total revenues		3,921		3,804		3,961

Benefits and expenses
Benefits, claims, losses and settlement expenses		1,373		1,239		1,611
Interest credited to fixed accounts		674		656		623
Amortization of deferred acquisition costs		255		207		334
Other insurance and operating expenses		679		701		683
Total benefits and expenses		2,981		2,803		3,251
Pretax income (loss)		940		1,001		710
Income tax provision (benefit)		35		260		24
Net income	$	905	$	741	$	686

Supplemental Disclosures:
Total other-than-temporary impairment losses on securities	$	—	$	—	$	—
Portion of loss recognized in other comprehensive income (before taxes)		—		—		—
Net impairment losses recognized in net realized investment gains (losses)	$	—	$	—	$	—

⁽¹⁾	Certain prior period amounts have been restated. See Note 1 for more information.

See Notes to Consolidated Financial Statements.

F-3

RiverSource Life Insurance Company

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in millions)


Years Ended December 31,	2018			2017			2016

Net income	$	905		$	741		$	686
Other comprehensive income (loss), net of tax:
Net unrealized gains (losses) on securities		(412	)		(3	)		58
Net unrealized gains (losses) on derivatives		1			3			4
Other		—			(1	)		—
Total other comprehensive income (loss), net of tax		(411	)		(1	)		62
Total comprehensive income	$	494		$	740		$	748

See Notes to Consolidated Financial Statements.

F-4

RiverSource Life Insurance Company

CONSOLIDATED STATEMENTS OF SHAREHOLDER’S EQUITY

(in millions)


	Common Shares		Additional Paid-In Capital		Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Total
Balances at January 1, 2016	$	3	$	2,465	$	1,176		$	395		$	4,039
Comprehensive income:
Net income		—		—		686			—			686
Other comprehensive income (loss), net of tax		—		—		—			62			62

Total comprehensive income												748
Tax adjustment on share-based incentive compensation plan		—		1		—			—			1
Cash dividends to Ameriprise Financial, Inc.		—		—		(1,000	)		—			(1,000	)

Balances at December 31, 2016		3		2,466		862			457			3,788
Comprehensive income:
Net income		—		—		741			—			741
Other comprehensive income (loss), net of tax		—		—		—			(1	)		(1	)

Total comprehensive income												740
Cash dividends to Ameriprise Financial, Inc.		—		—		(700	)		—			(700	)

Balances at December 31, 2017		3		2,466		903			456			3,828
Comprehensive income:
Net income		—		—		905			—			905
Other comprehensive income (loss), net of tax		—		—		—			(411	)		(411	)

Total comprehensive income												494
Cash dividends to Ameriprise Financial, Inc.		—		—		(750	)		—			(750	)
Balances at December 31, 2018	$	3	$	2,466	$	1,058		$	45		$	3,572

See Notes to Consolidated Financial Statements.

F-5

RiverSource Life Insurance Company

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)


Years Ended December 31,	2018			2017			2016
Cash Flows from Operating Activities
Net income	$	905		$	741		$	686
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation, amortization and accretion, net		37			48			40
Deferred income tax (benefit) expense		(3	)		101			5
Contractholder and policyholder charges, non-cash		(368	)		(359	)		(348	)
Loss from equity method investments		64			108			53
Net realized investment (gains) losses		(10	)		(40	)		(30	)
Other-than-temporary impairments and provision for loan losses recognized in net realized investment gains (losses)		—			—			4
Changes in operating assets and liabilities:
Deferred acquisition costs		1			(35	)		55
Policyholder account balances, future policy benefits and claims, net		906			(121	)		338
Derivatives, net of collateral		(170	)		504			93
Reinsurance recoverables		(212	)		(266	)		(212	)
Other receivables		14			42			(12	)
Accrued investment income		16			18			7
Other, net		(1	)		(33	)		188
Net cash provided by (used in) operating activities		1,179			708			867

Cash Flows from Investing Activities
Available-for-Sale securities:
Proceeds from sales		56			234			297
Maturities, sinking fund payments and calls		2,635			2,491			2,318
Purchases		(3,049	)		(2,034	)		(3,174	)
Proceeds from sales, maturities and repayments of mortgage loans		280			690			783
Funding of mortgage loans		(208	)		(439	)		(433	)
Proceeds from sales and collections of other investments		137			156			156
Purchase of other investments		(217	)		(201	)		(164	)
Purchase of equipment and software		(8	)		(9	)		(9	)
Change in policy loans, net		(16	)		(15	)		(7	)
Advance on line of credit to Ameriprise Financial, Inc.		(273	)		(15	)		—
Repayment from Ameriprise Financial, Inc. on line of credit		273			15			—
Cash paid for written options with deferred premiums		(131	)		(82	)		(8	)
Cash received from written options with deferred premiums		130			75			76
Other, net		(15	)		3			15
Net cash provided by (used in) investing activities		(406	)		869			(150	)

Cash Flows from Financing Activities
Policyholder account balances:
Deposits and other additions		1,933			2,059			2,086
Net transfers from (to) separate accounts		(75	)		(157	)		127
Surrenders and other benefits		(1,904	)		(1,893	)		(1,932	)
Change in short-term borrowings, net		—			—			(1	)
Proceeds from line of credit with Ameriprise Financial, Inc.		10			20			22
Repayments to Ameriprise Financial, Inc. on line of credit		(10	)		(20	)		(22	)
Cash received for purchased options with deferred premiums		254			116			276
Cash paid for purchased options with deferred premiums		(208	)		(263	)		(320	)
Cash dividends to Ameriprise Financial, Inc.		(750	)		(700	)		(1,000	)
Net cash provided by (used in) financing activities		(750	)		(838	)		(764	)
Net increase (decrease) in cash and cash equivalents		23			739			(47	)
Cash and cash equivalents at beginning of period		1,062			323			370
Cash and cash equivalents at end of period	$	1,085		$	1,062		$	323

Supplemental Disclosures:
Income taxes paid (received), net	$	158		$	250		$	(120	)
Interest paid on borrowings		4			2			1
Non-cash investing activity:
Partnership commitments not yet remitted		1			9			108

See Notes to Consolidated Financial Statements.

F-6

RiverSource Life Insurance Company

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1. NATURE OF BUSINESS AND BASIS OF PRESENTATION

RiverSource Life Insurance Company is a stock life insurance company with one wholly owned stock life insurance company subsidiary, RiverSource Life Insurance Co. of New York (“RiverSource Life of NY”). RiverSource Life Insurance Company is a wholly owned subsidiary of Ameriprise Financial, Inc. (“Ameriprise Financial”).

•

RiverSource Life Insurance Company is domiciled in Minnesota and holds Certificates of Authority in American Samoa, the District of Columbia and all states except New York. RiverSource Life Insurance Company issues insurance and annuity products.

•

RiverSource Life of NY is domiciled and holds a Certificate of Authority in New York. RiverSource Life of NY issues insurance and annuity products.

RiverSource Life Insurance Company also wholly owns RiverSource Tax Advantaged Investments, Inc. (“RTA”). RTA is a stock company domiciled in Delaware and is a limited partner in affordable housing partnership investments.

The accompanying Consolidated Financial Statements include the accounts of RiverSource Life Insurance Company and companies in which it directly or indirectly has a controlling financial interest (collectively, the “Company”). All intercompany transactions and balances have been eliminated in consolidation.

On January 1, 2018, the Company retrospectively adopted the new accounting standard for revenue recognition. See Note 3 and Note 4 for further information on the new accounting standard and the Company’s revenue from contracts with customers. The impact to the Consolidated Statements of Income for both the years ended December 31, 2017 and 2016 was an increase of $16 million to policy and contract charges and a decrease of $16 million to other revenues.

In 2017, the Company recorded the following out-of-period corrections:

•

a $12 million out-of-period correction related to a variable annuity model assumption that decreased amortization of deferred acquisition costs (“DAC”) by $8 million and decreased benefits, claims, losses and settlement expenses by $4 million.

•

a $20 million decrease to income tax provision for a reversal of a tax reserve.

In 2016, the Company recorded an out-of-period correction for a $29 million increase to benefits, claims, losses and settlement expenses related to the claim utilization factor on long term care (“LTC”) reserves.

The impact of these out-of-period corrections was not material to current or prior period financial statements.

The accompanying Consolidated Financial Statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) which vary in certain respects from reporting practices prescribed or permitted by state insurance regulatory authorities as described in Note 16. Certain reclassifications of prior period amounts have been made to conform to the current presentation.

The Company evaluated events or transactions that may have occurred after the balance sheet date for potential recognition or disclosure through the date the financial statements were issued. No subsequent events or transactions were identified.

The Company’s principal products are variable deferred annuities, universal life (“UL”) insurance, including indexed universal life (“IUL”) and variable universal life (“VUL”) insurance, which are issued primarily to individuals. Waiver of premium and accidental death benefit riders are generally available with UL products, in addition to other benefit riders. Variable annuity contract purchasers can choose to add optional benefit riders to their contracts, such as guaranteed minimum death benefit (“GMDB”), guaranteed minimum withdrawal benefit (“GMWB”) and guaranteed minimum accumulation benefit (“GMAB”) riders.

The Company also offers immediate annuities, fixed deferred annuities, and traditional life and disability income (“DI”) insurance. The Company issues only non-participating life insurance policies which do not pay dividends to policyholders and contractholders.

Nearly all of the Company’s business is sold through the retail channel of Ameriprise Financial Services, Inc. (“AFSI”), a subsidiary of Ameriprise Financial. RiverSource Distributors, Inc., a subsidiary of Ameriprise Financial, serves as the principal underwriter and distributor of variable annuity and life insurance products issued by the Company.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

A variable interest entity (“VIE”) is an entity that either has equity investors that lack certain essential characteristics of a controlling financial interest (including substantive voting rights, the obligation to absorb the entity’s losses, or the rights to receive the entity’s returns) or has equity investors that do not provide sufficient financial resources for the entity to support its activities.

F-7

RiverSource Life Insurance Company

Voting interest entities (“VOEs”) are those entities that do not qualify as a VIE. The Company consolidates VOEs in which it holds a greater than 50% voting interest. The Company generally accounts for entities using the equity method when it holds a greater than 20% but less than 50% voting interest or when the Company exercises significant influence over the entity. All other investments that are not reported at fair value as trading or Available-for-Sale securities are accounted for under the cost method when the Company owns less than a 20% voting interest and does not exercise significant influence.

A VIE is consolidated by the reporting entity that determines it has both:

•

the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance; and

•

the obligation to absorb potentially significant losses or the right to receive potentially significant benefits to the VIE.

All VIEs are assessed for consolidation under this framework. When evaluating entities for consolidation, the Company considers its contractual rights in determining whether it has the power to direct the activities of the VIE that most significantly impact the VIEs economic performance. In determining whether the Company has this power, it considers whether it is acting in a role that enables it to direct the activities that most significantly impact the economic performance of an entity or if it is acting in an agent role.

In determining whether the Company has the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE, the Company considers an analysis of its rights to receive benefits such as investment returns and its obligation to absorb losses associated with any investment in the VIE in conjunction with other qualitative factors. Management and incentive fees that are at market and commensurate with the level of services provided, and where the Company does not hold other interests in the VIE that would absorb more than an insignificant amount of the VIE’s expected losses or receive more than an insignificant amount of the VIE’s expected residual returns, are not considered a variable interest and are excluded from the analysis.

The consolidation guidance has a scope exception for reporting entities with interests in registered money market funds which do not have an explicit support agreement.

Amounts Based on Estimates and Assumptions

Accounting estimates are an integral part of the Consolidated Financial Statements. In part, they are based upon assumptions concerning future events. Among the more significant are those that relate to investment securities valuation and recognition of other-than-temporary impairments, DAC and the corresponding recognition of DAC amortization, valuation of derivative instruments and hedging activities, litigation reserves, future policy benefits and claims reserves and income taxes and the recognition of deferred tax assets and liabilities. These accounting estimates reflect the best judgment of management and actual results could differ.

Investments

Available-for-Sale Securities

Available-for-Sale securities are carried at fair value with unrealized gains (losses) recorded in accumulated other comprehensive income (“AOCI”), net of impacts to DAC, deferred sales inducement costs (“DSIC”), unearned revenue, benefit reserves, reinsurance recoverables and income taxes. Gains and losses are recognized on a trade date basis in the Consolidated Statements of Income upon disposition of the securities.

When the fair value of an investment is less than its amortized cost, the Company assesses whether or not: (i) it has the intent to sell the security (made a decision to sell) or (ii) it is more likely than not that the Company will be required to sell the security before its anticipated recovery. If either of these conditions exist, an other-than-temporary impairment is considered to have occurred and the Company recognizes an other-than-temporary impairment for the difference between the investment’s amortized cost and its fair value through earnings. For securities that do not meet the above criteria and the Company does not expect to recover a security’s amortized cost, the security is also considered other-than-temporarily impaired. For these securities, the Company separates the total impairment into the credit loss component and the amount of the loss related to other factors. The amount of the total other-than-temporary impairment related to credit loss is recognized in earnings.

The amount of the total other-than-temporary impairment related to other factors is recognized in other comprehensive income (“OCI”), net of impacts to DAC, DSIC, unearned revenue, benefit reserves, reinsurance recoverables and income taxes. For Available-for-Sale securities that have recognized an other-than-temporary impairment through earnings, the difference between the amortized cost and the cash flows expected to be collected is accreted as interest income if through subsequent evaluation there is a sustained increase in the cash flow expected. Subsequent increases and decreases in the fair value of Available-for-Sale securities are included in OCI.

The Company provides a supplemental disclosure on the face of its Consolidated Statements of Income that presents: (i) total other-than-temporary impairment losses recognized during the period and (ii) the portion of other-than-temporary impairment losses recognized in OCI. The sum of these amounts represents the credit-related portion of other-than-temporary impairments that were recognized in earnings during the period. The portion of other-than-temporary losses recognized in OCI includes: (i) the

F-8

RiverSource Life Insurance Company

portion of other-than-temporary impairment losses related to factors other than credit recognized during the period and (ii) reclassifications of other-than-temporary impairment losses previously determined to be related to factors other than credit that are determined to be credit-related in the current period. The amount presented on the Consolidated Statements of Income as the portion of other-than-temporary losses recognized in OCI excludes subsequent increases and decreases in the fair value of these securities.

For all securities that are considered temporarily impaired, the Company does not intend to sell these securities (has not made a decision to sell) and it is not more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis. The Company believes that it will collect all principal and interest due on all investments that have amortized cost in excess of fair value that are considered only temporarily impaired.

Factors the Company considers in determining whether declines in the fair value of fixed maturity securities are other-than-temporary include: (i) the extent to which the market value is below amortized cost; (ii) the duration of time in which there has been a significant decline in value; (iii) fundamental analysis of the liquidity, business prospects and overall financial condition of the issuer; and (iv) market events that could impact credit ratings, economic and business climate, litigation and government actions, and similar external business factors. In order to determine the amount of the credit loss component for corporate debt securities considered other-than-temporarily impaired, a best estimate of the present value of cash flows expected to be collected discounted at the security’s effective interest rate is compared to the amortized cost basis of the security. The significant inputs to cash flow projections consider potential debt restructuring terms, projected cash flows available to pay creditors and the Company’s position in the debtor’s overall capital structure.

For structured investments (e.g., residential mortgage backed securities, commercial mortgage backed securities and asset backed securities), the Company also considers factors such as overall deal structure and its position within the structure, quality of underlying collateral, delinquencies and defaults, loss severities, recoveries, prepayments and cumulative loss projections in assessing potential other-than-temporary impairments of these investments. Based upon these factors, securities that have indicators of potential other-than-temporary impairment are subject to detailed review by management. Securities for which declines are considered temporary continue to be monitored by management until management determines there is no current risk of an other-than-temporary impairment.

Other Investments

Other investments primarily reflect the Company’s interests in affordable housing partnerships and syndicated loans. As of January 1, 2018, marketable equity securities were reclassified from Available-for-Sale securities to other investments due to the adoption of a new accounting standard on the recognition and measurement of financial instruments. Subsequent to the adoption, marketable equity securities are recorded at fair value with changes in fair value reflected in net investment income. Prior to the adoption, changes in fair value were reflected in AOCI. Affordable housing partnerships are accounted for under the equity method.

Financing Receivables

Mortgage Loans and Syndicated Loans

Mortgage loans, net reflect the Company’s interest in commercial mortgage loans less the related allowance for loan losses. Syndicated loans represent the Company’s investment in below investment grade loan syndications. Mortgage loans and syndicated loans are stated at amortized cost, net of allowances for loan losses. Interest income is accrued on the unpaid principal balances of the loans as earned.

Policy Loans

Policy loans include life insurance policy and annuity loans and are reported at the unpaid principal balance, plus accrued interest.

When originated, policy loan balances do not exceed the cash surrender value of the underlying products. As there is minimal risk of loss related to these loans, the Company does not record an allowance for loan losses for policy loans.

Nonaccrual Loans

Generally, loans are evaluated for or placed on nonaccrual status when either the collection of interest or principal has become 90 days past due or is otherwise considered doubtful of collection. When a loan is placed on nonaccrual status, unpaid accrued interest is reversed. Interest payments received on loans on nonaccrual status are generally applied to principal unless the remaining principal balance has been determined to be fully collectible.

Commercial mortgage loans are evaluated for impairment when the loan is considered for nonaccrual status, restructured or foreclosure proceedings are initiated on the property. If it is determined that the fair value is less than the current loan balance, it is written down to fair value less estimated selling costs. Foreclosed property is recorded as real estate owned in other investments.

Allowance for Loan Losses

Management determines the adequacy of the allowance for loan losses based on the overall loan portfolio composition, recent and historical loss experience, and other pertinent factors, including when applicable, internal risk ratings, loan-to-value (“LTV”)

F-9

RiverSource Life Insurance Company

ratios, FICO scores of the borrower, debt service coverage and occupancy rates, along with economic and market conditions. This evaluation is inherently subjective as it requires estimates, which may be susceptible to significant change.

The Company determines the amount of the allowance based on management’s assessment of relative risk characteristics of the loan portfolio. The allowance is recorded for homogeneous loan categories on a pool basis, based on an analysis of product mix and risk characteristics of the portfolio, including geographic concentration, bankruptcy experiences, and historical losses, adjusted for current trends and market conditions.

While the Company attributes portions of the allowance to specific loan pools as part of the allowance estimation process, the entire allowance is available to absorb losses inherent in the total loan portfolio. The allowance is increased through provisions charged to net realized investment gains (losses) and reduced/increased by net charge-offs/recoveries.

Impaired Loans

The Company considers a loan to be impaired when, based on current information and events, it is probable the Company will not be able to collect all amounts due (both interest and principal) according to the contractual terms of the loan agreement. Impaired loans may also include loans that have been modified in troubled debt restructurings as a concession to borrowers experiencing financial difficulties. Management evaluates for impairment all restructured loans and loans with higher impairment risk factors. Factors used by the Company to determine whether all amounts due on commercial mortgage loans will be collected, include but are not limited to, the financial condition of the borrower, performance of the underlying properties, collateral and/or guarantees on the loan, and the borrower’s estimated future ability to pay based on property type and geographic location. The impairment recognized is measured as the excess of the loan’s recorded investment over: (i) the present value of its expected principal and interest payments discounted at the loan’s effective interest rate, (ii) the fair value of collateral or (iii) the loan’s observable market price.

Restructured Loans

A loan is classified as a restructured loan when the Company makes certain concessionary modifications to contractual terms for borrowers experiencing financial difficulties. When the interest rate, minimum payments, and/or due dates have been modified in an attempt to make the loan more affordable to a borrower experiencing financial difficulties, the modification is considered a troubled debt restructuring. Generally, performance prior to the restructuring or significant events that coincide with the restructuring are considered in assessing whether the borrower can meet the new terms which may result in the loan being returned to accrual status at the time of the restructuring or after a performance period. If the borrower’s ability to meet the revised payment schedule is not reasonably assured, the loan remains on nonaccrual status.

Cash and Cash Equivalents

Cash equivalents include highly liquid investments with original or remaining maturities at the time of purchase of 90 days or less.

Reinsurance

The Company cedes insurance risk to other insurers under reinsurance agreements. The Company evaluates the financial condition of its reinsurers prior to entering into new reinsurance contracts and on a periodic basis during the contract term.

Reinsurance premiums paid and benefits received are accounted for consistently with the basis used in accounting for the policies from which risk is reinsured and consistently with the terms of the reinsurance contracts. Reinsurance premiums for traditional life, LTC and DI, net of the change in any prepaid reinsurance asset, are reported as a reduction of premiums. UL and VUL reinsurance premiums are reported as a reduction of policy and contract charges. In addition, for UL and VUL insurance policies, the net cost of reinsurance ceded, which represents the discounted amount of the expected cash flows between the reinsurer and the Company, is classified as an asset or contra asset and amortized over the estimated life of the policies in proportion to the estimated gross profits (“EGPs”) and is subject to retrospective adjustment in a manner similar to retrospective adjustment of DAC. The assumptions used to project the expected cash flows are consistent with those used for DAC valuation for the same contracts. Changes in the net cost of reinsurance are reflected as a component of policy and contract charges. Reinsurance recoveries are reported as components of benefits, claims, losses and settlement expenses.

Insurance liabilities are reported before the effects of reinsurance. Policyholder account balances, future policy benefits and claims recoverable under reinsurance contracts are recorded as reinsurance recoverables.

The Company also assumes life insurance and fixed annuity risk from other insurers in limited circumstances. Reinsurance premiums received and benefits paid are accounted for consistently with the basis used in accounting for the policies from which risk is reinsured and consistently with the terms of the reinsurance contracts. Liabilities for assumed business are recorded within policyholder account balances, future policy benefits and claims.

See Note 9 for additional information on reinsurance.

F-10

RiverSource Life Insurance Company

Land, Buildings, Equipment and Software

Land, buildings, equipment and internally developed or purchased software are carried at cost less accumulated depreciation or amortization and are reflected within other assets. The Company uses the straight-line method of depreciation and amortization over periods ranging from three to 39 years.

As of December 31, 2018 and 2017, land, buildings, equipment and software were $135 million and $142 million, respectively, net of accumulated depreciation of $174 million and $159 million, respectively. Depreciation and amortization expense for the years ended December 31, 2018, 2017 and 2016 was $15 million, $15 million and $14 million, respectively.

Derivative Instruments and Hedging Activities

Freestanding derivative instruments are recorded at fair value and are reflected in other assets or other liabilities. The Company’s policy is to not offset fair value amounts recognized for derivatives and collateral arrangements executed with the same counterparty under the same master netting arrangement. The accounting for changes in the fair value of a derivative instrument depends on its intended use and the resulting hedge designation, if any. The Company primarily uses derivatives as economic hedges that are not designated as accounting hedges or do not qualify for hedge accounting treatment. The Company occasionally designates derivatives as (i) hedges of changes in the fair value of assets, liabilities, or firm commitments (“fair value hedges”) or (ii) hedges of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow hedges”).

Derivative instruments that are entered into for hedging purposes are designated as such at the time the Company enters into the contract. For all derivative instruments that are designated for hedging activities, the Company documents all of the hedging relationships between the hedge instruments and the hedged items at the inception of the relationships. Management also documents its risk management objectives and strategies for entering into the hedge transactions. The Company assesses, at inception and on a quarterly basis, whether derivatives designated as hedges are highly effective in offsetting the fair value or cash flows of hedged items. If it is determined that a derivative is no longer highly effective as a hedge, the Company will discontinue the application of hedge accounting.

For derivative instruments that do not qualify for hedge accounting or are not designated as accounting hedges, changes in fair value are recognized in current period earnings. Changes in fair value of derivatives are presented in the Consolidated Statements of Income based on the nature and use of the instrument. Changes in fair value of derivatives used as economic hedges are presented in the Consolidated Statements of Income with the corresponding change in the hedged asset or liability.

For derivative instruments that qualify as fair value hedges, changes in the fair value of the derivatives, as well as changes in the fair value of the hedged assets, liabilities or firm commitments, are recognized on a net basis in current period earnings. The carrying value of the hedged item is adjusted for the change in fair value from the designated hedged risk. If a fair value hedge designation is removed or the hedge is terminated prior to maturity, previous adjustments to the carrying value of the hedged item are recognized into earnings over the remaining life of the hedged item.

For derivative instruments that qualify as cash flow hedges, the effective portion of the gain or loss on the derivative instruments is reported in AOCI and reclassified into earnings when the hedged item or transaction impacts earnings. The amount that is reclassified into earnings is presented in the Consolidated Statements of Income with the hedged instrument or transaction impact. Any ineffective portion of the gain or loss is reported in current period earnings as a component of net investment income. If a hedge designation is removed or a hedge is terminated prior to maturity, the amount previously recorded in AOCI is reclassified to earnings over the period that the hedged item impacts earnings. For hedge relationships that are discontinued because the forecasted transaction is not expected to occur according to the original strategy, any related amounts previously recorded in AOCI are recognized in earnings immediately.

The equity component of indexed annuities and IUL obligations are considered embedded derivatives. Additionally, certain annuities contain GMAB and GMWB provisions. The GMAB and the non-life contingent benefits associated with GMWB provisions are also considered embedded derivatives.

See Note 14 for information regarding the Company’s fair value measurement of derivative instruments and Note 18 for the impact of derivatives on the Consolidated Statements of Income.

Deferred Acquisition Costs

The Company incurs costs in connection with acquiring new and renewal insurance and annuity businesses. The portion of these costs which are incremental and direct to the acquisition of a new or renewal insurance policy or annuity contract are deferred. Significant costs capitalized include sales based compensation related to the acquisition of new and renewal insurance policies and annuity contracts, medical inspection costs for successful sales, and a portion of employee compensation and benefit costs based upon the amount of time spent on successful sales. Sales based compensation paid to AFSI advisors and employees and third-party distributors is capitalized. Employee compensation and benefits costs which are capitalized relate primarily to sales efforts, underwriting and processing. All other costs which are not incremental direct costs of acquiring an insurance policy or annuity contract are expensed as incurred. The DAC associated with insurance policies or annuity contracts that are significantly

F-11

RiverSource Life Insurance Company

modified or internally replaced with another contract are accounted for as contract terminations. These transactions are anticipated in establishing amortization periods and other valuation assumptions.

The Company monitors other DAC amortization assumptions, such as persistency, mortality, morbidity, interest margin, variable annuity benefit utilization and maintenance expense levels each quarter and, when assessed independently, each could impact the Company’s DAC balances.

The analysis of DAC balances and the corresponding amortization is a dynamic process that considers all relevant factors and assumptions described previously. Unless the Company’s management identifies a significant deviation over the course of the quarterly monitoring, management reviews and updates these DAC amortization assumptions annually in the third quarter of each year.

Non-Traditional Long-Duration Products

For non-traditional long-duration products (including variable and fixed deferred annuity contracts, UL and VUL insurance products), DAC are amortized based on projections of EGPs over amortization periods equal to the approximate life of the business.

EGPs vary based on persistency rates (assumptions at which contractholders and policyholders are expected to surrender, make withdrawals from and make deposits to their contracts), mortality levels, client asset value growth rates (based on equity and bond market performance), variable annuity benefit utilization and interest margins (the spread between earned rates on invested assets and rates credited to contractholder and policyholder accounts) and are management’s best estimates. Management regularly monitors financial market conditions and actual contractholder and policyholder behavior experience and compares them to its assumptions. These assumptions are updated whenever it appears that earlier estimates should be revised. When assumptions are changed, the percentage of EGPs used to amortize DAC might also change. A change in the required amortization percentage is applied retrospectively; an increase in amortization percentage will result in a decrease in the DAC balance and an increase in DAC amortization expense, while a decrease in amortization percentage will result in an increase in the DAC balance and a decrease in DAC amortization expense. The impact on results of operations of changing assumptions can be either positive or negative in any particular period and is reflected in the period in which such changes are made. At each balance sheet date, the DAC balance is adjusted for the effect that would result from the realization of unrealized gains (losses) on securities impacting EGPs, with the related change recognized through AOCI.

The client asset value growth rates are the rates at which variable annuity and VUL insurance contract values invested in separate accounts are assumed to appreciate in the future. The rates used vary by equity and fixed income investments. Management reviews and, where appropriate, adjusts its assumptions with respect to client asset value growth rates on a regular basis. The Company typically uses a five-year mean reversion process as a guideline in setting near-term equity fund growth rates based on a long-term view of financial market performance as well as recent actual performance. The suggested near-term equity fund growth rate is reviewed quarterly to ensure consistency with management’s assessment of anticipated equity market performance. DAC amortization expense recorded in a period when client asset value growth rates exceed management’s near-term estimate will typically be less than in a period when growth rates fall short of management’s near-term estimate.

Traditional Long-Duration Products

For traditional long-duration products (including traditional life and DI insurance products), DAC are generally amortized as a percentage of premiums over amortization periods equal to the premium paying period. The assumptions made in calculating the DAC balance and DAC amortization expense are consistent with those used in determining the liabilities.

For traditional life and DI insurance products, the assumptions provide for adverse deviations in experience and are revised only if management concludes experience will be so adverse that DAC are not recoverable. If management concludes that DAC are not recoverable, DAC are reduced to the amount that is recoverable based on best estimate assumptions and there is a corresponding expense recorded in the Consolidated Statements of Income.

Deferred Sales Inducement Costs

Sales inducement costs consist of bonus interest credits and premium credits added to certain annuity contract and insurance policy values. These benefits are capitalized to the extent they are incremental to amounts that would be credited on similar contracts without the applicable feature. The amounts capitalized are amortized using the same methodology and assumptions used to amortize DAC. DSIC is recorded in other assets and amortization of DSIC is recorded in benefits, claims, losses and settlement expenses.

Separate Account Assets and Liabilities

Separate account assets and liabilities are primarily funds held for the benefit of variable annuity contractholders and variable life insurance policyholders, who have a contractual right to receive the benefits of their contract or policy and bear the related investment risk. Gains and losses on separate account assets accrue directly to the contractholder or policyholder and are not reported in the Company’s Consolidated Statements of Income. Separate account assets are recorded at fair value. Changes in the fair value of separate account assets are offset by changes in the related separate account liabilities.

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RiverSource Life Insurance Company

Policyholder Account Balances, Future Policy Benefits and Claims

The Company establishes reserves to cover the risks associated with non-traditional and traditional long-duration products. Reserves for non-traditional long-duration products include the liabilities related to guaranteed benefit provisions added to variable annuity contracts, variable and fixed annuity contracts and UL and VUL policies and the embedded derivatives related to variable annuity contracts, indexed annuities and IUL insurance. Reserves for traditional long-duration products are established to provide adequately for future benefits and expenses for term life, whole life, DI and LTC insurance products.

Changes in future policy benefits and claims are reflected in earnings in the period adjustments are made. Where applicable, benefit amounts expected to be recoverable from reinsurance companies who share in the risk are separately recorded as reinsurance recoverables.

Non-Traditional Long-Duration Products

The liabilities for non-traditional long-duration products include fixed account values on variable and fixed annuities and UL and VUL policies, liabilities for guaranteed benefits associated with variable annuities and embedded derivatives for variable annuities, indexed annuities and IUL products.

Liabilities for fixed account values on variable and fixed deferred annuities and UL and VUL policies are equal to accumulation values, which are the cumulative gross deposits and credited interest less withdrawals and various charges.

A portion of the Company’s UL and VUL policies have product features that result in profits followed by losses from the insurance component of the contract. These profits followed by losses can be generated by the cost structure of the product or secondary guarantees in the contract. The secondary guarantee ensures that, subject to specified conditions, the policy will not terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly deductions and charges. The liability for these future losses is determined by estimating the death benefits in excess of account value and recognizing the excess over the estimated life based on expected assessments (e.g. cost of insurance charges, contractual administrative charges, similar fees and investment margin). See Note 11 for information regarding the liability for contracts with secondary guarantees.

Liabilities for indexed annuity products and indexed accounts of IUL products are equal to the accumulation of host contract values covering guaranteed benefits and the fair value of embedded equity options.

The GMDB and gain gross-up (“GGU”) liability is determined by estimating the expected value of death benefits in excess of the projected contract accumulation value and recognizing the excess over the estimated life based on expected assessments (e.g., mortality and expense fees, contractual administrative charges and similar fees).

If elected by the contract owner and after a stipulated waiting period from contract issuance, a guaranteed minimum income benefit (“GMIB”) guarantees a minimum lifetime annuity based on a specified rate of contract accumulation value growth and predetermined annuity purchase rates. The GMIB liability is determined each period by estimating the expected value of annuitization benefits in excess of the projected contract accumulation value at the date of annuitization and recognizing the excess over the estimated life based on expected assessments.

The liability for the life contingent benefits associated with GMWB provisions is determined by estimating the expected value of benefits that are contingent upon survival after the account value is equal to zero and recognizing the benefits over the estimated life based on expected assessments (e.g., mortality and expense fees, contractual administrative charges and similar fees).

In determining the liabilities for GMDB, GGU, GMIB and the life contingent benefits associated with GMWB, the Company projects these benefits and contract assessments using actuarial models to simulate various equity market scenarios. Significant assumptions made in projecting future benefits and assessments relate to customer asset value growth rates, mortality, persistency, benefit utilization and investment margins and are consistent with those used for DAC valuation for the same contracts. As with DAC, unless the Company’s management identifies a significant deviation over the course of quarterly monitoring, management reviews and updates these assumptions annually in the third quarter of each year.

See Note 11 for information regarding variable annuity guarantees.

Liabilities for fixed annuities in a benefit or payout status are based on future estimated payments using established industry mortality tables and interest rates.

Embedded Derivatives

The fair value of embedded derivatives related to GMAB and the non-life contingent benefits associated with GMWB provisions, indexed annuities and IUL fluctuate based on equity, interest rate and credit markets and the estimate of the Company’s nonperformance risk, which can cause these embedded derivatives to be either an asset or a liability. See Note 14 for information regarding the fair value measurement of embedded derivatives.

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RiverSource Life Insurance Company

Traditional Long-Duration Products

The liabilities for traditional long-duration products include liabilities for unpaid amounts on reported claims, estimates of benefits payable on claims incurred but not yet reported and estimates of benefits that will become payable on term life, whole life, DI and LTC policies as claims are incurred in the future.

Liabilities for unpaid amounts on reported life insurance claims are equal to the death benefits payable under the policies.

Liabilities for unpaid amounts on reported DI and LTC claims include any periodic or other benefit amounts due and accrued, along with estimates of the present value of obligations for continuing benefit payments. These unpaid amounts are calculated using anticipated claim continuance rates based on established industry tables, adjusted as appropriate for the Company’s experience. The discount rates used to calculate present values are based on average interest rates earned on assets supporting the liability for unpaid amounts.

Liabilities for estimated benefits payable on claims that have been incurred but not yet reported are based on periodic analysis of the actual time lag between when a claim occurs and when it is reported.

Liabilities for estimates of benefits that will become payable on future claims on term life, whole life and DI insurance policies are based on the net level premium and LTC policies are based on a gross premium valuation reflecting management’s current best estimate assumptions. Both include anticipated premium payments, mortality and morbidity rates, policy persistency and interest rates earned on assets supporting the liability. Anticipated mortality and morbidity rates are based on established industry mortality and morbidity tables, with modifications based on the Company’s experience. Anticipated premium payments and persistency rates vary by policy form, issue age, policy duration and certain other pricing factors.

For term life, whole life, DI and LTC policies, the Company utilizes best estimate assumptions as of the date the policy is issued with provisions for the risk of adverse deviation, as appropriate. After the liabilities are initially established, management performs premium deficiency tests using best estimate assumptions without provisions for adverse deviation annually in the third quarter of each year unless management identifies a material deviation over the course of quarterly monitoring. If the liabilities determined based on these best estimate assumptions are greater than the net reserves (i.e., GAAP reserves net of any DAC balance), the existing net reserves are adjusted by first reducing the DAC balance by the amount of the deficiency or to zero through a charge to current period earnings. If the deficiency is more than the DAC balance, then the net reserves are increased by the excess through a charge to current period earnings. If a premium deficiency is recognized, the assumptions as of the date of the loss recognition are locked in and used in subsequent periods. The assumptions for LTC insurance products are management’s best estimate as of the date of loss recognition and thus no longer provide for adverse deviations in experience.

See Note 10 for information regarding the liabilities for traditional long-duration products.

Unearned Revenue Liability

The Company’s UL and VUL policies require payment of fees or other policyholder assessments in advance for services to be provided in future periods. These charges are deferred as unearned revenue and amortized using EGPs, similar to DAC. The unearned revenue liability is recorded in other liabilities and the amortization is recorded in policy and contract charges.

Income Taxes

The Company qualifies as a life insurance company for federal income tax purposes. As such, the Company is subject to the Internal Revenue Code provisions applicable to life insurance companies.

The Company’s taxable income is included in the consolidated federal income tax return of Ameriprise Financial. The Company provides for income taxes on a separate return basis, except that, under an agreement between Ameriprise Financial and the Company, tax benefits are recognized for losses to the extent they can be used in the consolidated return. It is the policy of Ameriprise Financial that it will reimburse its subsidiaries for any tax benefits recorded.

The Company’s provision for income taxes represents the net amount of income taxes that the Company expects to pay or to receive from various taxing jurisdictions in connection with its operations. The Company provides for income taxes based on amounts that the Company believes it will ultimately owe taking into account the recognition and measurement for uncertain tax positions. Inherent in the provision for income taxes are estimates and judgments regarding the tax treatment of certain items.

In connection with the provision for income taxes, the Consolidated Financial Statements reflect certain amounts related to deferred tax assets and liabilities, which result from temporary differences between the assets and liabilities measured for financial statement purposes versus the assets and liabilities measured for tax return purposes.

The Company is required to establish a valuation allowance for any portion of its deferred tax assets that management believes will not be realized. Significant judgment is required in determining if a valuation allowance should be established and the amount of such allowance if required. Factors used in making this determination include estimates relating to the performance of the business. Consideration is given to, among other things in making this determination: (i) future taxable income exclusive of reversing temporary differences and carryforwards; (ii) future reversals of existing taxable temporary differences; (iii) taxable

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RiverSource Life Insurance Company

income in prior carryback years; and (iv) tax planning strategies. Management may need to identify and implement appropriate planning strategies to ensure its ability to realize deferred tax assets and reduce the likelihood of the establishment of a valuation allowance with respect to such assets. See Note 20 for additional information on the Company’s valuation allowance.

Changes in tax rates and tax law are accounted for in the period of enactment. Deferred tax assets and liabilities are adjusted for the effect of a change in tax laws or rates and the effect is included in net income. See Note 20 for further discussion on the enactment of the legislation commonly referred to as the Tax Cuts and Jobs Act (“Tax Act”) and the impact to the Company’s provision for income taxes for the year ended December 31, 2017.

Revenue Recognition

Premiums on traditional life, DI and LTC insurance products and immediate annuities with a life contingent feature are net of reinsurance ceded and are recognized as revenue when due.

Interest income is accrued as earned using the effective interest method, which makes an adjustment of the yield for security premiums and discounts on all performing fixed maturity securities classified as Available-for-Sale so that the related security or loan recognizes a constant rate of return on the outstanding balance throughout its term. When actual prepayments differ significantly from originally anticipated prepayments, the retrospective effective yield is recalculated to reflect actual payments to date and updated future payment assumptions and a catch-up adjustment is recorded in the current period. In addition, the new effective yield, which reflects anticipated future payments, is used prospectively.

Mortality and expense risk fees are based on a percentage of the fair value of assets held in the Company’s separate accounts and recognized when assessed. Variable annuity guaranteed benefit rider charges, cost of insurance charges on UL and VUL insurance and contract charges (net of reinsurance premiums and cost of reinsurance for UL insurance products) and surrender charges on annuities and UL and VUL insurance are recognized as revenue when assessed.

Realized gains and losses on the sale of securities, other than equity method investments, are recognized using the specific identification method, on a trade date basis.

Fees received under marketing support and distribution services arrangements are recognized as revenue when earned.

See Note 4 for further discussion of accounting policies on revenue from contracts with customers.

3. RECENT ACCOUNTING PRONOUNCEMENTS

Adoption of New Accounting Standards

Revenue from Contracts with Customers

In May 2014, the Financial Accounting Standards Board (“FASB”) updated the accounting standards for revenue from contracts with customers. The update provides a five step revenue recognition model for all revenue arising from contracts with customers and affects all entities that enter into contracts to provide goods or services to their customers (unless the contracts are in the scope of other standards). The standard also updates the accounting for certain costs associated with obtaining and fulfilling a customer contract and requires disclosure of quantitative and qualitative information that enables users of financial statements to understand the nature, amount, timing, and uncertainty of revenues and cash flows arising from contracts with customers. The standard was effective for interim and annual periods beginning after December 15, 2017. The standard was permitted to be applied retrospectively for all periods presented or retrospectively with a cumulative-effect adjustment at the date of adoption. The Company adopted the revenue recognition guidance on a retrospective basis on January 1, 2018. The update does not apply to revenue associated with the manufacturing of insurance and annuity products or financial instruments as these revenues are in the scope of other standards. Therefore, the update did not have an impact on these revenues. The Company’s implementation efforts included the identification of revenue within the guidance and the review of the customer contracts to determine the Company’s performance obligation and the associated timing of each performance obligation. The adoption of the standard resulted in the reclassification of certain revenues within total revenues. See Note 4 for new disclosures on revenue from contracts with customers.

Financial Instruments — Recognition and Measurement of Financial Assets and Financial Liabilities

In January 2016, the FASB updated the accounting standards on the recognition and measurement of financial instruments. The update requires entities to carry marketable equity securities, excluding investments in securities that qualify for the equity method of accounting, at fair value with changes in fair value reflected in net income each reporting period. The update affects other aspects of accounting for equity instruments, as well as the accounting for financial liabilities utilizing the fair value option. The update eliminates the requirement to disclose the methods and assumptions used to estimate the fair value of financial assets or liabilities held at cost on the balance sheet and requires entities to use the exit price notion when measuring the fair value of these financial instruments. The standard was effective for interim and annual periods beginning after December 15, 2017. The Company adopted the standard on January 1, 2018 using a modified retrospective approach. The adoption of the standard did not have a material impact on the Company’s consolidated financial condition or results of operations.

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RiverSource Life Insurance Company

Fair Value Measurement — Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement

In August 2018, the FASB updated the accounting standards related to disclosures for fair value measurements. The update eliminates the following disclosures: 1) the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, 2) the policy of timing of transfers between levels of the fair value hierarchy, and 3) the valuation processes for Level 3 fair value measurements. The new disclosures include changes in unrealized gains and losses for the period included in OCI for recurring Level 3 fair value measurements of instruments held at the end of the reporting period and the range and weighted average used to develop significant unobservable inputs and how the weighted average was calculated. The new disclosures are required on a prospective basis; all other provisions should be applied retrospectively. The update is effective for interim and annual periods beginning after December 15, 2019. Early adoption is permitted for the entire standard or only the provisions to eliminate or modify disclosure requirements. The Company early adopted the provisions of the standard to eliminate or modify disclosure requirements in the fourth quarter of 2018. The update does not have an impact on the Company’s consolidated financial condition or results of operations.

Income Taxes — Intra-Entity Transfers of Assets Other Than Inventory

In October 2016, the FASB updated the accounting standards related to the recognition of income tax impacts on intra-entity transfers. The update requires entities to recognize the income tax consequences of intra-entity transfers, other than inventory, upon the transfer of the asset. The update requires the selling entity to recognize a current tax expense or benefit and the purchasing entity to recognize a deferred tax asset or liability when the transfer occurs. The standard was effective for interim and annual periods beginning after December 15, 2017. The Company adopted the standard on January 1, 2018. The adoption of the standard did not have an impact on the Company’s consolidated financial condition or results of operations.

Statement of Cash Flows — Classification of Certain Cash Receipts and Cash Payments

In August 2016, the FASB updated the accounting standards related to classification of certain cash receipts and cash payments on the statement of cash flows. The update includes amendments to address diversity in practice for the classification of eight specific cash flow activities. The specific amendments the Company evaluated include the classification of debt prepayment and extinguishment costs, contingent consideration payments, proceeds from insurance settlements and corporate owned life insurance settlements, distributions from equity method investees and the application of the predominance principle to separately identifiable cash flows. The standard was effective for interim and annual periods beginning after December 15, 2017. The Company early adopted the standard for the interim period ended March 31, 2017 on a retrospective basis. The adoption of the standard did not have a material impact on the Company’s operating, investing or financing cash flows.

Future Adoption of New Accounting Standards

Leases — Recognition of Lease Assets and Liabilities on Balance Sheet

In February 2016, the FASB updated the accounting standards for leases. The update was issued to increase transparency and comparability for the accounting of lease transactions. The standard will require most lease transactions for lessees to be recorded on the balance sheet as lease assets and lease liabilities and both quantitative and qualitative disclosures about leasing arrangements. The standard is effective for interim and annual periods beginning after December 15, 2018 with early adoption permitted. Entities may elect to adopt the standard using a modified retrospective approach at either the beginning of the earliest period presented or as of the date of adoption. The Company adopted the standard using a modified retrospective approach as of January 1, 2019. The Company also elected the package of practical expedients permitted under the transition guidance within the accounting standard that allows entities to carryforward their historical lease classification and to not reassess contracts for embedded leases among other things. The adoption did not have a material impact on the Company’s consolidated financial condition or results of operations.

Income Statement — Reporting Comprehensive Income — Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income

In February 2018, the FASB updated the accounting standards related to the presentation of tax effects stranded in AOCI. The update allows a reclassification from AOCI to retained earnings for tax effects stranded in AOCI resulting from the Tax Act. The update is optional and entities may elect not to reclassify the stranded tax effects. The update is effective for fiscal years beginning after December 15, 2018. Entities may elect to record the impacts either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Act is recognized. Early adoption is permitted in any period. The Company adopted the standard on January 1, 2019 and elected not to reclassify the stranded tax effects in AOCI. The stranded effects are released from AOCI when an entire portfolio of the type of item related to the stranded effect is liquidated, sold or extinguished (i.e., portfolio approach). As such, the update did not have an impact on the Company’s consolidated financial condition and results of operations.

Derivatives and Hedging — Targeted Improvements to Accounting for Hedging Activities

In August 2017, the FASB updated the accounting standards to amend the hedge accounting recognition and presentation requirements. The objectives of the update are to better align the financial reporting of hedging relationships to the economic results of an entity’s risk management activities and simplify the application of the hedge accounting guidance. The update also

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RiverSource Life Insurance Company

adds new disclosures and amends existing disclosure requirements. The standard is effective for interim and annual periods beginning after December 15, 2018, and should be applied on a modified retrospective basis. The Company adopted the standard on January 1, 2019. The adoption did not have a material impact on the Company’s consolidated financial condition or results of operations.

Receivables — Nonrefundable Fees and Other Costs — Premium Amortization on Purchased Callable Debt Securities

In March 2017, the FASB updated the accounting standards to shorten the amortization period for certain purchased callable debt securities held at a premium. Under current guidance, premiums are generally amortized over the contractual life of the security. The amendments require the premium to be amortized to the earliest call date. The update applies to securities with explicit, non-contingent call features that are callable at fixed prices and on preset dates. The standard is effective for interim and annual periods beginning after December 15, 2018, and should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company adopted the standard on January 1, 2019. The adoption did not have a material impact on the Company’s consolidated financial condition or results of operations.

Financial Services — Insurance — Targeted Improvements to the Accounting for Long-Duration Contracts

In August 2018, the FASB updated the accounting standard related to long-duration insurance contracts. The guidance revises key elements of the measurement models and disclosure requirements for long-duration insurance contracts issued by insurers and reinsurers.

The guidance establishes a significant new category of benefit features called market risk benefits that protect the contract holder from other-than-nominal capital market risk and expose the insurer to that risk. Insurers will have to measure market risk benefits at fair value. Market risk benefits include variable annuity guaranteed benefits (i.e. guaranteed minimum death, withdrawal, withdrawal for life, accumulation and income benefits). The portion of the change in fair value attributable to a change in the instrument-specific credit risk of market risk benefits in a liability position will be recorded in OCI.

Significant changes also relate to the measurement of the liability for future policy benefits for nonparticipating traditional long-duration insurance contracts and immediate annuities with a life contingent feature include the following:

•

Insurers will be required to review and update the cash flow assumptions used to measure the liability for future policy benefits rather than using assumptions locked in at contract inception. The review of assumptions to measure the liability for all future policy benefits will be required annually at the same time each year, or more frequently if suggested by experience. The effect of updating assumptions will be measured on a retrospective catch-up basis and presented separate from the ongoing policyholder benefit expense in the statement of operations in the period the update is made. This new unlocking process will be required for the Company’s term and whole life insurance, DI and LTC insurance and immediate annuities with a life contingent feature.

•

The discount rate used to measure the liability for future policy benefits will be standardized. The current requirement to use a discount rate reflecting expected investment yields will change to an upper-medium grade (low credit risk) fixed income corporate instrument yield (generally interpreted as an “A” rating) reflecting the duration characteristics of the liability. Entities will be required to update the discount rate at each reporting date with the effect of discount rate changes reflected in OCI.

•

The current premium deficiency test is being replaced with a net premium ratio cap of 100%. If the net premium ratio (i.e. the ratio of the present value of total expected benefits and related expenses to the present value of total expected premiums) exceeds 100%, insurers are required to recognize a loss in the statement of operations in the period. Contracts from different issue years will no longer be permitted to be grouped to determine contracts in a loss position.

In addition, the update requires DAC and DSIC relating to all long-duration contracts and most investment contracts to be amortized on a straight-line basis over the expected life of the contract independent of profit emergence. Under the new guidance, interest will not accrue to the deferred balance and DAC and DSIC will not be subject to an impairment test.

The update requires significant additional disclosures, including disaggregated rollforwards of the liability for future policy benefits, policyholder account balances, market risk benefits, DAC and DSIC, as well as qualitative and quantitative information about expected cash flows, estimates and assumptions. The update is effective for interim and annual periods beginning after December 15, 2020. The standard should be applied to the liability for future policy benefits and DAC and DSIC on a modified retrospective basis and applied to market risk benefits on a retrospective basis with the option to apply full retrospective transition if certain criteria are met. Early adoption is permitted. The Company is currently evaluating the impact of the standard on its consolidated financial condition, results of operations and disclosures.

Intangibles — Goodwill and Other — Internal-Use Software — Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract

In August 2018, the FASB updated the accounting standards related to customer’s accounting for implementation costs incurred in a cloud computing arrangement (“CCA”) that is a service contract. The update requires implementation costs for a CCA to be

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RiverSource Life Insurance Company

evaluated for capitalization using the same approach as implementation costs associated with internal-use software. The update also addresses presentation, measurement and impairment of capitalized implementation costs in a CCA that is a service contract. The update requires new disclosures on the nature of hosting arrangements that are service contracts, significant judgements made when applying the guidance and quantitative disclosures, including amounts capitalized, amortized and impaired. The update is effective for interim and annual periods beginning after December 15, 2019, and can be applied either prospectively or retrospectively. Early adoption is permitted. The update is not expected to have a material impact on the Company’s consolidated financial condition or results of operations.

Financial Instruments — Credit Losses — Measurement of Credit Losses on Financial Instruments

In June 2016, the FASB updated the accounting standards related to accounting for credit losses on certain types of financial instruments. The update replaces the current incurred loss model for estimating credit losses with a new model that requires an entity to estimate the credit losses expected over the life of the asset. Generally, the initial estimate of the expected credit losses and subsequent changes in the estimate will be reported in current period earnings and recorded through an allowance for credit losses on the balance sheet. The current credit loss model for Available-for-Sale debt securities does not change; however, the credit loss calculation and subsequent recoveries are required to be recorded through an allowance. The standard is effective for interim and annual periods beginning after December 15, 2019. Early adoption will be permitted for interim and annual periods beginning after December 15, 2018. A modified retrospective cumulative adjustment to retained earnings should be recorded as of the first reporting period in which the guidance is effective for loans, receivables, and other financial instruments subject to the new expected credit loss model. Prospective adoption is required for establishing an allowance related to Available-for-Sale debt securities, certain beneficial interests, and financial assets purchased with a more-than-insignificant amount of credit deterioration since origination. The Company is currently evaluating the impact of the standard on its consolidated financial condition and results of operations.

4. REVENUE FROM CONTRACTS WITH CUSTOMERS

On January 1, 2018, the Company adopted the new accounting standard for revenue from contracts with customers on a retrospective basis.

The following table presents disaggregated revenue from contracts with customers and a reconciliation to total revenues reported on the Consolidated Statements of Income. Revenues related to manufacturing of insurance and annuity products or financial instruments are not in the scope of this standard and are included in the table below under the heading Revenue from other sources. See Note 3 for additional information on the adoption of the new accounting standard.


	Years Ended December 31,
(in millions)	2018		2017		2016
Policy and contract charges
Affiliated (from Columbia Management Investment Distributors, Inc.)	$	170	$	167	$	158
Unaffiliated		16		16		16
Total		186		183		174
Other revenues
Administrative fees
Affiliated (from Columbia Management Investment Services, Corp.)		44		42		40
Unaffiliated		22		23		24
		66		65		64
Other fees
Affiliated (from Columbia Management Investment Advisers, LLC (“CMIA”) and Columbia Wanger Asset Management, LLC)		336		325		316
Unaffiliated		3		4		3
		339		329		319
Total		405		394		383
Total revenue from contracts with customers		591		577		557
Revenue from other sources⁽¹⁾		3,330		3,227		3,404
Total revenues	$	3,921	$	3,804	$	3,961

⁽¹⁾	Revenues not included in the scope of the revenue from contracts with customers standard.

The following discussion describes the nature, timing, and uncertainty of revenues and cash flows arising from the Company’s contracts with customers.

Policy and contract charges

The Company earns revenue for providing distribution-related services to mutual funds that are available as underlying investments in its variable annuity and variable life insurance products. The performance obligation is satisfied at the time the mutual fund is distributed. Revenue is recognized over the time the mutual fund is held in the variable product and is generally

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RiverSource Life Insurance Company

earned based on a fixed rate applied, as a percentage, to the net asset value of the fund. The revenue is not recognized at the time of sale because it is variably constrained due to factors outside the Company’s control, including market volatility and how long the fund(s) remain in the insurance policy or annuity contract. The revenue will not be recognized until it is probable that a significant reversal will not occur. These fees are accrued and collected on a monthly basis.

Other revenues

Administrative fees

The Company earns revenue for providing customer support, contract servicing and administrative services for affiliated and unaffiliated mutual funds. The transfer agent and administration revenue is earned daily based on a fixed rate applied, as a percentage, to assets under management. These performance obligations are considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. These fees are accrued and collected on a monthly basis.

Other fees

The Company earns revenue for providing affiliated and unaffiliated partners an opportunity to educate the financial advisors of its affiliate, AFSI, that sell the Company’s products as well as product and marketing personnel to support the offer, sale and servicing of funds within the Company’s variable annuity and variable life insurance products. These payments allow the parties to train and support the advisors, explain the features of their products, and distribute marketing and educational materials. The affiliated revenue is earned based on a rate, updated at least annually, which is applied, as a percentage, to the market value of assets invested. The unaffiliated revenue is earned based on a fixed rate applied, as a percentage, to the market value of assets invested. These performance obligations are considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. These fees are accrued and collected on a monthly basis.

Receivables

Receivables for revenue from contracts with customers are recognized when the performance obligation is satisfied and the Company has an unconditional right to the revenue. Receivables related to revenues from contracts with customers were $49 million and $54 million as of December 31, 2018 and 2017, respectively.

5. VARIABLE INTEREST ENTITIES

The Company is a limited partner in affordable housing partnerships that qualify for government-sponsored low income housing tax credit programs and partnerships that invest in multi-family residential properties that were originally developed with an affordable housing component. The Company has determined it is not the primary beneficiary and therefore does not consolidate these partnerships. A majority of the limited partnerships are VIEs. The Company’s maximum exposure to loss as a result of its investment in the VIEs is limited to the carrying value. The carrying value is reflected in other investments and was $352 million and $408 million as of December 31, 2018 and 2017, respectively. The Company had a $43 million and $97 million liability recorded as of December 31, 2018 and 2017, respectively, related to original purchase commitments not yet remitted to the VIEs. The Company has not provided any additional support and is not contractually obligated to provide additional support to the VIEs beyond the above mentioned funding commitments.

The Company invests in structured investments which are considered VIEs for which it is not generally the sponsor. These structured investments typically invest in fixed income instruments and are primarily managed by third parties and include asset backed securities, commercial and residential mortgage backed securities. The Company classifies these investments as Available-for-Sale securities. The Company has determined that it is not the primary beneficiary of these structures due to the lack of power to direct the activities that most significantly impact the economic performance, size of the Company’s investment in the entities and position in the capital structure of these entities. The Company’s maximum exposure to loss as a result of its investment in these structured investments is limited to its amortized cost. The Company has no obligation to provide financial or other support to the structured investments beyond its investment nor has the Company provided any support to the structured investments. See Note 6 for additional information on these structured investments. See Note 15 for information regarding investments in a VIE with an affiliate of the Company.

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RiverSource Life Insurance Company

6. INVESTMENTS

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


	December 31, 2018
Description of Securities (in millions)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Noncredit OTTI⁽¹⁾

Fixed maturities:
Corporate debt securities	$	12,044	$	554	$	(207	)	$	12,391	$	—
Residential mortgage backed securities		2,890		25		(44	)		2,871		—
Commercial mortgage backed securities		3,737		17		(102	)		3,652		—
State and municipal obligations		1,129		162		(8	)		1,283		—
Asset backed securities		1,013		35		(3	)		1,045		—
Foreign government bonds and obligations		285		9		(9	)		285		—
U.S. government and agency obligations		1		—		—			1		—
Total	$	21,099	$	802	$	(373	)	$	21,528	$	—

	December 31, 2017
Description of Securities (in millions)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Noncredit OTTI⁽¹⁾

Fixed maturities:
Corporate debt securities	$	12,133	$	1,125	$	(25	)	$	13,233	$	—
Residential mortgage backed securities		2,979		54		(22	)		3,011		—
Commercial mortgage backed securities		3,554		47		(32	)		3,569		—
State and municipal obligations		1,114		209		(9	)		1,314		—
Asset backed securities		700		30		(2	)		728		—
Foreign government bonds and obligations		283		20		(4	)		299		—
U.S. government and agency obligations		1		—		—			1		—
Total fixed maturities		20,764		1,485		(94	)		22,155		—
Common stocks		1		—		(1	)		—		—
Total	$	20,765	$	1,485	$	(95	)	$	22,155	$	—

⁽¹⁾	Represents the amount of other-than-temporary impairment (“OTTI”) losses in AOCI. Amount includes unrealized gains and losses on impaired securities subsequent to the initial impairment measurement date. These amounts are included in gross unrealized gains and losses as of the end of the period.

As of December 31, 2018 and 2017, investment securities with a fair value of $1.4 billion and $1.6 billion, respectively, were pledged to meet contractual obligations under derivative contracts and short-term borrowings, of which $405 million and $711 million, respectively, may be sold, pledged or rehypothecated by the counterparty.

As of both December 31, 2018 and 2017, fixed maturity securities comprised approximately 84% of the Company’s total investments. Rating agency designations are based on the availability of ratings from Nationally Recognized Statistical Rating Organizations (“NRSROs”), including Moody’s Investors Service (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”) and Fitch Ratings Ltd. (“Fitch”). The Company uses the median of available ratings from Moody’s, S&P and Fitch, or if fewer than three ratings are available, the lower rating is used. When ratings from Moody’s, S&P and Fitch are unavailable, the Company may utilize ratings from other NRSROs or rate the securities internally. As of December 31, 2018 and 2017, approximately $706 million and $906 million, respectively, of securities were internally rated by CMIA, an affiliate of the Company, using criteria similar to those used by NRSROs.

A summary of fixed maturity securities by rating was as follows:


	December 31, 2018							December 31, 2017
Ratings (in millions, except percentages)	Amortized Cost		Fair Value		Percent of Total Fair Value			Amortized Cost		Fair Value		Percent of Total Fair Value
AAA	$	6,602	$	6,499		30	%	$	6,259	$	6,303		28	%
AA		1,310		1,455		7			1,090		1,285		6
A		2,550		2,776		13			3,443		3,902		18
BBB		9,745		9,945		46			8,796		9,465		43
Below investment grade		892		853		4			1,176		1,200		5
Total fixed maturities	$	21,099	$	21,528		100	%	$	20,764	$	22,155		100	%

As of December 31, 2018 and 2017, approximately 34% and 35%, respectively, of the securities rated AAA were GNMA, FNMA and FHLMC mortgage backed securities. The Company had holdings of $382 million in AT&T, Inc., and holdings of

F-20

RiverSource Life Insurance Company

$374 million in Ameriprise Advisor Financing, LLC (“AAF”), an affiliate of the Company, both which were greater than 10% of total equity as of December 31, 2018. There were no other holdings of any other issuer greater than 10% of total equity as of both December 31, 2018 and 2017.

The following tables provide information about Available-for-Sale securities with gross unrealized losses and the length of time that individual securities have been in a continuous unrealized loss position:


	December 31, 2018
(in millions, except number of securities)	Less than 12 months							12 months or more							Total
Description of Securities	Number of Securities		Fair Value		Unrealized Losses			Number of Securities		Fair Value		Unrealized Losses			Number of Securities		Fair Value		Unrealized Losses
Corporate debt securities		286	$	4,792	$	(141	)		93	$	972	$	(66	)		379	$	5,764	$	(207	)
Residential mortgage backed securities		54		826		(9	)		57		897		(35	)		111		1,723		(44	)
Commercial mortgage backed securities		69		1,146		(25	)		88		1,565		(77	)		157		2,711		(102	)
State and municipal obligations		6		88		(2	)		24		129		(6	)		30		217		(8	)
Asset backed securities		11		149		(1	)		17		124		(2	)		28		273		(3	)
Foreign government bonds and obligations		17		86		(4	)		14		17		(5	)		31		103		(9	)
Total		443	$	7,087	$	(182	)		293	$	3,704	$	(191	)		736	$	10,791	$	(373	)

	December 31, 2017
(in millions, except number of securities)	Less than 12 months							12 months or more							Total
Description of Securities	Number of Securities		Fair Value		Unrealized Losses			Number of Securities		Fair Value		Unrealized Losses			Number of Securities		Fair Value		Unrealized Losses
Corporate debt securities		82	$	834	$	(5	)		39	$	360	$	(20	)		121	$	1,194	$	(25	)
Residential mortgage backed securities		36		546		(4	)		41		657		(18	)		77		1,203		(22	)
Commercial mortgage backed securities		56		994		(10	)		42		663		(22	)		98		1,657		(32	)
State and municipal obligations		19		35		—			8		138		(9	)		27		173		(9	)
Asset backed securities		15		116		—			12		76		(2	)		27		192		(2	)
Foreign government bonds and obligations		3		6		—			15		23		(4	)		18		29		(4	)
Common stocks		—		—		—			3		1		(1	)		3		1		(1	)
Total		211	$	2,531	$	(19	)		160	$	1,918	$	(76	)		371	$	4,449	$	(95	)

As part of the Company’s ongoing monitoring process, management determined that the change in gross unrealized losses on its Available-for-Sale securities is primarily attributable to a rise in interest rates as well as wider credit spreads.

The following table presents a rollforward of the cumulative amounts recognized in the Consolidated Statements of Income for other-than-temporary impairments related to credit losses on Available-for-Sale securities for which a portion of the securities’ total other-than-temporary impairments was recognized in OCI:


	December 31,
(in millions)	2018		2017			2016
Beginning balance	$	—	$	21		$	33
Reductions for securities sold during the period (realized)		—		(21	)		(12	)
Ending balance	$	—	$	—		$	21

Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method, recognized in net realized investment gains (losses) were as follows:


	Years Ended December 31,
(in millions)	2018			2017			2016
Gross realized investment gains	$	16		$	48		$	29
Gross realized investment losses		(7	)		(4	)		(12	)
Total	$	9		$	44		$	17

See Note 19 for a rollforward of net unrealized investment gains (losses) included in AOCI.

F-21

RiverSource Life Insurance Company

Available-for-Sale securities by contractual maturity as of December 31, 2018 were as follows:


(in millions)	Amortized Cost		Fair Value
Due within one year	$	1,157	$	1,166
Due after one year through five years		4,887		4,889
Due after five years through 10 years		3,419		3,388
Due after 10 years		3,996		4,517
		13,459		13,960
Residential mortgage backed securities		2,890		2,871
Commercial mortgage backed securities		3,737		3,652
Asset backed securities		1,013		1,045
Total	$	21,099	$	21,528

Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Residential mortgage backed securities, commercial mortgage backed securities and asset backed securities are not due at a single maturity date. As such, these securities were not included in the maturities distribution.

The following is a summary of net investment income:


	Years Ended December 31,
(in millions)	2018		2017			2016
Fixed maturities	$	919	$	947		$	997
Mortgage loans		117		137			149
Other investments		11		(48	)		8
		1,047		1,036			1,154
Less: investment expenses		24		25			26
Total	$	1,023	$	1,011		$	1,128

Net realized investment gains (losses) are summarized as follows:


	Years Ended December 31,
(in millions)	2018		2017			2016
Fixed maturities	$	9	$	44		$	17
Mortgage loans		1		(4	)		10
Other investments		—		—			(1	)
Total	$	10	$	40		$	26

7. FINANCING RECEIVABLES

The Company’s financing receivables include commercial mortgage loans, syndicated loans and policy loans. Syndicated loans are reflected in other investments.

Allowance for Loan Losses

Policy loans do not exceed the cash surrender value of the policy at origination. As there is minimal risk of loss related to policy loans, the Company does not record an allowance for loan losses for policy loans.

The following table presents a rollforward of the allowance for loan losses for the years ended and the ending balance of the allowance for loan losses by impairment method:


	December 31,
(in millions)	2018			2017			2016
Beginning balance	$	22		$	25		$	25
Charge-offs		(2	)		(3	)		(3	)
Provisions		—			—			3
Ending balance	$	20		$	22		$	25

Individually evaluated for impairment	$	—		$	—		$	2
Collectively evaluated for impairment		20			22			23

F-22

RiverSource Life Insurance Company

The recorded investment in financing receivables by impairment method was as follows:


	December 31,
(in millions)	2018		2017
Individually evaluated for impairment	$	19	$	17
Collectively evaluated for impairment		2,943		3,015
Total	$	2,962	$	3,032

As of December 31, 2018 and 2017, the Company’s recorded investment in financing receivables individually evaluated for impairment for which there was no related allowance for loan losses was $20 million and $17 million, respectively.

During the years ended December 31, 2018, 2017 and 2016, the Company purchased $137 million, $156 million and $73 million, respectively, and sold $44 million, $259 million and $250 million, respectively, of loans. The loans purchased consisted of syndicated loans. The loans sold during 2018 consisted of syndicated loans. The loans sold during 2017 and 2016 primarily consisted of residential mortgage loans. See below for additional discussion on the sales of these loans.

Credit Quality Information

Nonperforming loans, which are generally loans 90 days or more past due, were nil and $5 million as of December 31, 2018 and 2017, respectively. All other loans were considered to be performing.

Commercial Mortgage Loans

The Company reviews the credit worthiness of the borrower and the performance of the underlying properties in order to determine the risk of loss on commercial mortgage loans. Based on this review, the commercial mortgage loans are assigned an internal risk rating, which management updates as necessary. Commercial mortgage loans which management has assigned its highest risk rating were nil of total commercial mortgage loans as of both December 31, 2018 and 2017. Loans with the highest risk rating represent distressed loans which the Company has identified as impaired or expects to become delinquent or enter into foreclosure within the next six months. In addition, the Company reviews the concentrations of credit risk by region and property type.

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


	Loans				Percentage
	December 31, 2018		December 31, 2017		December 31, 2018			December 31, 2017
	(in millions)
South Atlantic	$	699	$	735		27	%		28	%
Pacific		766		771		30			29
Mountain		224		242		9			9
West North Central		203		223		8			8
East North Central		208		209		8			8
Middle Atlantic		171		179		7			7
West South Central		139		125		5			5
New England		54		67		2			3
East South Central		99		84		4			3

		2,563		2,635		100	%		100	%

Less: allowance for loan losses		16		16

Total	$	2,547	$	2,619

F-23

RiverSource Life Insurance Company

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


	Loans				Percentage
	December 31, 2018		December 31, 2017		December 31, 2018			December 31, 2017
	(in millions)
Retail	$	854	$	893		33	%		34	%
Office		408		470		16			18
Apartments		583		536		23			20
Industrial		423		451		16			17
Mixed use		45		38		2			1
Hotel		43		39		2			2
Other		207		208		8			8

		2,563		2,635		100	%		100	%

Less: allowance for loan losses		16		16

Total	$	2,547	$	2,619

Residential Mortgage Loans

During the years ended December 31, 2017 and 2016, the Company sold $249 million and $250 million, respectively, of residential mortgage loans and recorded a loss of $4 million and a gain of $10 million, respectively.

Syndicated Loans

The recorded investment in syndicated loans as of December 31, 2018 and 2017 was $399 million and $397 million, respectively. The Company’s syndicated loan portfolio is diversified across industries and issuers. The primary credit indicator for syndicated loans is whether the loans are performing in accordance with the contractual terms of the syndication. Total nonperforming syndicated loans as of December 31, 2018 and 2017 were nil and $5 million, respectively.

Troubled Debt Restructurings

The recorded investment in restructured loans was not material as of both December 31, 2018 and 2017. Troubled debt restructurings did not have a material impact to the Company’s allowance for loan losses or income recognized for the years ended December 31, 2018, 2017 and 2016. There are no commitments to lend additional funds to borrowers whose loans have been restructured.

8. DEFERRED ACQUISITION COSTS AND DEFERRED SALES INDUCEMENT COSTS

In the third quarter of the year, management updated market-related inputs and implemented model changes related to the living benefit valuation. In addition, management conducted its annual review of life insurance and annuity valuation assumptions relative to current experience and management expectations including modeling changes. These aforementioned changes are collectively referred to as unlocking. The impact of unlocking to DAC for the year ended December 31, 2018 primarily reflected updated mortality assumptions on UL and VUL insurance products and lower surrender rate assumptions on variable annuities, partially offset by an unfavorable impact from updates to assumptions on utilization of guaranteed withdrawal benefits. The impact of unlocking to DAC for the year ended December 31, 2017 primarily reflected improved persistency and mortality on UL and VUL insurance products and a correction related to a variable annuity model assumption partially offset by updates to market-related inputs to the living benefit valuation. The impact of unlocking to DAC for the year ended December 31, 2016 primarily reflected low interest rates that more than offset benefits from persistency on annuity contracts without living benefits. In addition, the Company’s review of its closed LTC business in 2016 resulted in the write-off of DAC, which was included in the impact of unlocking.

The balances of and changes in DAC were as follows:


(in millions)	2018			2017			2016
Balance at January 1	$	2,639		$	2,611		$	2,693
Capitalization of acquisition costs		254			242			279	⁽¹⁾
Amortization, excluding the impact of valuation assumptions review		(288	)		(219	)		(253	)
Amortization, impact of valuation assumptions review		33			12			(81	)⁽²⁾
Impact of change in net unrealized (gains) losses on securities		104			(7	)		(27	)
Balance at December 31	$	2,742		$	2,639		$	2,611

⁽¹⁾	Includes a $27 million benefit related to the write-off of the deferred reinsurance liability in connection with the loss recognition on LTC business. The benefit was reported in other insurance and operating expenses on the Consolidated Statements of Income.

⁽²⁾	Includes a $58 million expense related to the loss recognition on LTC business.

F-24

RiverSource Life Insurance Company

The balances of and changes in DSIC, which is included in other assets, were as follows:


(in millions)	2018			2017			2016
Balance at January 1	$	273		$	301		$	334
Capitalization of sales inducement costs		2			4			5
Amortization, excluding the impact of valuation assumptions review		(42	)		(37	)		(42	)
Amortization, impact of valuation assumptions review		—			(1	)		4
Impact of change in net unrealized (gains) losses on securities		16			6			—
Balance at December 31	$	249		$	273		$	301

9. REINSURANCE

The Company reinsures a portion of the insurance risks associated with its traditional life, DI and LTC insurance products through reinsurance agreements with unaffiliated reinsurance companies. Reinsurance contracts do not relieve the Company from its primary obligation to policyholders.

The Company generally reinsures 90% of the death benefit liability for new term life insurance policies beginning in 2001 (RiverSource Life of NY began in 2002) and new individual UL and VUL insurance policies beginning in 2002 (2003 for RiverSource Life of NY). Policies issued prior to these dates are not subject to these same reinsurance levels.

However, for IUL policies issued after September 1, 2013 and VUL policies issued after January 1, 2014, the Company generally reinsures 50% of the death benefit liability. Similarly, the Company reinsures 50% of the death benefit and morbidity liabilities related to its universal life product with LTC benefits.

The maximum amount of life insurance risk the Company will retain is $10 million on a single life and $10 million on any flexible premium survivorship life policy; however, reinsurance agreements are in place such that retaining more than $1.5 million of insurance risk on a single life or a flexible premium survivorship life policy is very unusual. Risk on UL and VUL policies is reinsured on a yearly renewable term basis. Risk on most term life policies starting in 2001 (2002 for RiverSource Life of NY) is reinsured on a coinsurance basis, a type of reinsurance in which the reinsurer participates proportionally in all material risks and premiums associated with a policy.

The Company also has life insurance and fixed annuity risk previously assumed under reinsurance arrangements with unaffiliated insurance companies.

For existing LTC policies, the Company has continued ceding 50% of the risk on a coinsurance basis to subsidiaries of Genworth Financial, Inc. (“Genworth”) and retains the remaining risk. For RiverSource Life of NY, this reinsurance arrangement applies for 1996 and later issues only. Under these agreements, the Company has the right, but never the obligation, to recapture some, or all, of the risk ceded to Genworth.

Generally, the Company retains at most $5,000 per month of risk per life on DI policies sold on policy forms introduced in most states starting in 2007 (2010 for RiverSource Life of NY) and reinsures the remainder of the risk on a coinsurance basis with unaffiliated reinsurance companies. The Company retains all risk for new claims on DI contracts sold on other policy forms introduced prior to 2007 (2010 for RiverSource Life of NY). The Company also retains all risk on accidental death benefit claims and substantially all risk associated with waiver of premium provisions.

As of December 31, 2018 and 2017, traditional life and UL insurance policies in force were $195.1 billion and $195.9 billion, respectively, of which $142.4 billion as of both December 31, 2018 and 2017 were reinsured at the respective year ends.

The effect of reinsurance on premiums for traditional long-duration products was as follows:


	Years Ended December 31,
(in millions)	2018			2017			2016
Direct premiums	$	621		$	637		$	642
Reinsurance ceded		(225	)		(227	)		(225	)
Net premiums	$	396		$	410		$	417

Policy and contract charges are presented on the Consolidated Statements of Income net of $126 million, $114 million and $110 million of reinsurance ceded for non-traditional long-duration products for the years ended December 31, 2018, 2017 and 2016, respectively.

The amount of claims recovered through reinsurance on all contracts was $331 million, $298 million and $318 million for the years ended December 31, 2018, 2017 and 2016, respectively.

Reinsurance recoverables include approximately $2.5 billion and $2.3 billion related to LTC risk ceded to Genworth as of December 31, 2018 and 2017, respectively.

Policyholder account balances, future policy benefits and claims include $484 million and $509 million related to previously assumed reinsurance arrangements as of December 31, 2018 and 2017, respectively.

F-25

RiverSource Life Insurance Company

10. POLICYHOLDER ACCOUNT BALANCES, FUTURE POLICY BENEFITS AND CLAIMS AND SEPARATE ACCOUNT LIABILITIES

Policyholder account balances, future policy benefits and claims consisted of the following:


	December 31,
(in millions)	2018			2017
Policyholder account balances
Fixed annuities⁽¹⁾	$	9,338		$	9,934
Variable annuity fixed sub-accounts		5,129			5,166
UL/VUL insurance		3,063			3,047
IUL insurance		1,728			1,384
Other life insurance		683			720
Total policyholder account balances		19,941			20,251
Future policy benefits
Variable annuity GMWB		875			463
Variable annuity GMAB⁽²⁾		(19	)		(80	)
Other annuity liabilities		26			78
Fixed annuity life contingent liabilities		1,459			1,484
Life and DI insurance		1,221			1,221
LTC insurance		4,981			4,896
UL/VUL and other life insurance additional liabilities		749			688
Total future policy benefits		9,292			8,750
Policy claims and other policyholders’ funds		174			177
Total policyholder account balances, future policy benefits and claims	$	29,407		$	29,178

⁽¹⁾	Includes fixed deferred annuities, non-life contingent fixed payout annuities and indexed annuity host contracts.

⁽²⁾	Includes the fair value of GMAB embedded derivatives that was a net asset as of both December 31, 2018 and 2017 reported as a contra liability.

Fixed Annuities

Fixed annuities include deferred, payout and indexed annuity contracts.

Deferred contracts offer a guaranteed minimum rate of interest and security of the principal invested. Payout contracts guarantee a fixed income payment for life or the term of the contract. Liabilities for fixed annuities in a benefit or payout status are based on future estimated payments using established industry mortality tables and interest rates, ranging from 2.71% to 9.38% as of December 31, 2018, depending on year of issue, with an average rate of approximately 3.94%. The Company generally invests the proceeds from the annuity contracts in fixed rate securities.

The Company’s equity indexed annuity (“EIA”) product is a single premium fixed deferred annuity. The Company discontinued new sales of EIAs in 2007. The contract was issued with an initial term of seven years and interest earnings are linked to the performance of the S&P 500^® Index. This annuity has a minimum interest rate guarantee of 3% on 90% of the initial premium, adjusted for any surrenders. The Company generally invests the proceeds from the annuity contracts in fixed rate securities and hedges the equity risk with derivative instruments.

The Company’s fixed index annuity product is a fixed annuity that includes an indexed account. The rate of interest credited above the minimum guarantee for funds allocated to the indexed account is linked to the performance of the specific index for the indexed account (subject to a cap). The Company offers S&P 500^®Index and MSCI^® EAFE Index account options. Both options offer two crediting durations, one-year and two-year. The contractholder may allocate all or a portion of the policy value to a fixed or indexed account. The portion of the policy allocated to the indexed account is accounted for as an embedded derivative. The Company hedges the interest credited rate including equity and interest rate risk related to the indexed account with derivative instruments. The contractholder can choose to add a GMWB for life rider for an additional fee.

See Note 18 for additional information regarding the Company’s derivative instruments used to hedge the risk related to indexed annuities.

Variable Annuities

Purchasers of variable annuities can select from a variety of investment options and can elect to allocate a portion to a fixed account. A vast majority of the premiums received for variable annuity contracts are held in separate accounts where the assets are held for the exclusive benefit of those contractholders.

Most of the variable annuity contracts currently issued by the Company contain one or more guaranteed benefits, including GMWB, GMAB, GMDB and GGU provisions. The Company previously offered contracts with GMIB provisions. See Note 2 and Note 11 for additional information regarding the Company’s variable annuity guarantees. The Company does not currently hedge its risk under the GGU and GMIB provisions. See Note 14 and Note 18 for additional information regarding the Company’s derivative instruments used to hedge risks related to GMWB, GMAB and GMDB provisions.

F-26

RiverSource Life Insurance Company

Insurance Liabilities

UL/VUL is the largest group of insurance policies written by the Company. Purchasers of UL accumulate cash value that increases by a fixed interest rate. Purchasers of VUL can select from a variety of investment options and can elect to allocate a portion to a fixed account or a separate account. A vast majority of the premiums received for VUL policies are held in separate accounts where the assets are held for the exclusive benefit of those policyholders.

IUL is a universal life policy that includes an indexed account. The rate of credited interest above the minimum guarantee for funds allocated to the indexed account is linked to the performance of the specific index for the indexed account (subject to a cap and floor). The Company offers an S&P 500^® Index account option and a blended multi-index account option comprised of the S&P 500 Index, the MSCI^® EAFE Index and the MSCI EM Index. Both options offer two crediting durations, one-year and two-year. The policyholder may allocate all or a portion of the policy value to a fixed or any available indexed account. The portion of the policy allocated to the indexed account is accounted for as an embedded derivative at fair value. The Company hedges the interest credited rate including equity and interest rate risk related to the indexed account with derivative instruments. See Note 18 for additional information regarding the Company’s derivative instruments used to hedge the risk related to IUL.

The Company also offers term life insurance as well as DI products. The Company no longer offers standalone LTC products and whole life insurance but has in force policies from prior years.

Insurance liabilities include accumulation values, incurred but not reported claims, obligations for anticipated future claims and unpaid reported claims.

The liability for estimates of benefits that will become payable on future claims on term life, whole life and DI policies is based on the net level premium and LTC policies is based on a gross premium valuation reflecting management’s current best estimate assumptions. Both include the anticipated interest rates earned on assets supporting the liability. Anticipated interest rates for term and whole life ranged from 3% to 10% as of December 31, 2018. Anticipated interest rates for DI policies ranged from 4% to 7.5% as of December 31, 2018 and for LTC policies ranged from 5.9% to 6.8% as of December 31, 2018.

The liability for unpaid reported claims on DI and LTC policies includes an estimate of the present value of obligations for continuing benefit payments. The discount rates used to calculate present values are based on average interest rates earned on assets supporting the liability for unpaid amounts and were 4.5% and 6.2% for DI and LTC claims, respectively, as of December 31, 2018.

Portions of the Company’s UL and VUL policies have product features that result in profits followed by losses from the insurance component of the policy. These profits followed by losses can be generated by the cost structure of the product or secondary guarantees in the policy. The secondary guarantee ensures that, subject to specified conditions, the policy will not terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly deductions and charges.

Separate Account Liabilities

Separate account liabilities consisted of the following:


	December 31,
(in millions)	2018		2017
Variable annuity	$	66,913	$	75,174
VUL insurance		6,451		7,352
Other insurance		29		34
Total	$	73,393	$	82,560

11. VARIABLE ANNUITY AND INSURANCE GUARANTEES

The majority of the variable annuity contracts offered by the Company contain GMDB provisions. The Company also offers variable annuities with GGU, GMWB and GMAB provisions. The Company previously offered contracts containing GMIB provisions. See Note 2 and Note 10 for additional information regarding the Company’s variable annuity guarantees.

The GMDB and GGU provisions provide a specified minimum return upon death of the contractholder. The death benefit payable is the greater of (i) the contract value less any purchase payment credits subject to recapture less a pro-rata portion of any rider fees, or (ii) the GMDB provisions specified in the contract. The Company has the following primary GMDB provisions:

•

Return of premium — provides purchase payments minus adjusted partial surrenders.

•

Reset — provides that the value resets to the account value every sixth contract anniversary minus adjusted partial surrenders. This provision was often provided in combination with the return of premium provision and is no longer offered.

•

Ratchet — provides that the value ratchets up to the maximum account value at specified anniversary intervals, plus subsequent purchase payments less adjusted partial surrenders.

The variable annuity contracts with GMWB riders typically have account values that are based on an underlying portfolio of mutual funds, the values of which fluctuate based on fund performance. At issue, the guaranteed amount is equal to the amount

F-27

RiverSource Life Insurance Company

deposited but the guarantee may be increased annually to the account value (a “step-up”) in the case of favorable market performance or by a benefit credit if the contract includes this provision.

The Company has GMWB riders in force, which contain one or more of the following provisions:

•

Withdrawals at a specified rate per year until the amount withdrawn is equal to the guaranteed amount.

•

Withdrawals at a specified rate per year for the life of the contractholder (“GMWB for life”).

•

Withdrawals at a specified rate per year for joint contractholders while either is alive.

•

Withdrawals based on performance of the contract.

•

Withdrawals based on the age withdrawals begin.

•

Credits are applied annually for a specified number of years to increase the guaranteed amount as long as withdrawals have not been taken.

Variable annuity contractholders age 79 or younger at contract issue can also obtain a principal-back guarantee by purchasing the optional GMAB rider for an additional charge. The GMAB rider guarantees that, regardless of market performance at the end of the 10-year waiting period, the contract value will be no less than the original investment or a specified percentage of the highest anniversary value, adjusted for withdrawals. If the contract value is less than the guarantee at the end of the 10-year period, a lump sum will be added to the contract value to make the contract value equal to the guarantee value.

Certain UL policies offered by the Company provide secondary guarantee benefits. The secondary guarantee ensures that, subject to specified conditions, the policy will not terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly deductions and charges.

The following table provides information related to variable annuity guarantees for which the Company has established additional liabilities:


	December 31, 2018								December 31, 2017
Variable Annuity Guarantees by Benefit Type⁽¹⁾ (in millions, except age)	Total Contract Value		Contract Value in Separate Accounts		Net Amount at Risk		Weighted Average Attained Age		Total Contract Value		Contract Value in Separate Accounts		Net Amount at Risk		Weighted Average Attained Age
GMDB:
Return of premium	$	55,810	$	53,872	$	417		67	$	61,418	$	59,461	$	9		66
Five/six-year reset		7,670		4,941		112		67		8,870		6,149		12		66
One-year ratchet		5,560		5,210		417		70		6,548		6,187		11		69
Five-year ratchet		1,307		1,251		23		66		1,563		1,506		1		65
Other		1,033		1,014		148		72		1,099		1,075		50		72
Total — GMDB	$	71,380	$	66,288	$	1,117		67	$	79,498	$	74,378	$	83		66
GGU death benefit	$	992	$	940	$	112		70	$	1,118	$	1,067	$	133		70
GMIB	$	180	$	164	$	12		69	$	233	$	216	$	7		69
GMWB:
GMWB	$	1,990	$	1,984	$	3		72	$	2,508	$	2,500	$	1		71
GMWB for life		40,966		40,876		742		68		44,375		44,259		129		67
Total — GMWB	$	42,956	$	42,860	$	745		68	$	46,883	$	46,759	$	130		67
GMAB	$	2,456	$	2,450	$	24		59	$	3,086	$	3,083	$	—		59

⁽¹⁾	Individual variable annuity contracts may have more than one guarantee and therefore may be included in more than one benefit type. Variable annuity contracts for which the death benefit equals the account value are not shown in this table.

The net amount at risk for GMDB, GGU and GMAB is defined as the current guaranteed benefit amount in excess of the current contract value. The net amount at risk for GMIB is defined as the greater of the present value of the minimum guaranteed annuity payments less the current contract value or zero. The net amount at risk for GMWB is defined as the greater of the present value of the minimum guaranteed withdrawal payments less the current contract value or zero.

The following table provides information related to insurance guarantees for which the Company has established additional liabilities:


	December 31, 2018				December 31, 2017
(in millions, except age)	Net Amount at Risk		Weighted Average Attained Age		Net Amount at Risk		Weighted Average Attained Age
UL secondary guarantees	$	6,513		66	$	6,460		65

The net amount at risk for UL secondary guarantees is defined as the current guaranteed death benefit amount in excess of the current policyholder account balance.

F-28

RiverSource Life Insurance Company

Changes in additional liabilities (contra liabilities) for variable annuity and insurance guarantees were as follows:


(in millions)	GMDB & GGU			GMIB			GMWB⁽¹⁾			GMAB⁽¹⁾			UL
Balance at January 1, 2016	$	14		$	8		$	1,057		$	—		$	332
Incurred claims		11			1			(40	)		(23	)		127
Paid claims		(9	)		(1	)		—			(1	)		(25	)
Balance at December 31, 2016		16			8			1,017			(24	)		434
Incurred claims		5			—			(554	)		(56	)		84
Paid claims		(4	)		(2	)		—			—			(29	)
Balance at December 31, 2017		17			6			463			(80	)		489
Incurred claims		8			2			412			61			201
Paid claims		(6	)		—			—			—			(31	)
Balance at December 31, 2018	$	19		$	8		$	875		$	(19	)	$	659

⁽¹⁾	The incurred claims for GMWB and GMAB include the change in the fair value of the liabilities (contra liabilities) less paid claims.

The liabilities for guaranteed benefits are supported by general account assets.

The following table summarizes the distribution of separate account balances by asset type for variable annuity contracts providing guaranteed benefits:


	December 31,
(in millions)	2018		2017
Mutual funds:
Equity	$	39,764	$	46,038
Bond		21,190		23,529
Other		5,568		5,109
Total mutual funds	$	66,522	$	74,676

No gains or losses were recognized on assets transferred to separate accounts for the years ended December 31, 2018, 2017 and 2016.

12. LINES OF CREDIT

RiverSource Life Insurance Company, as the borrower, has a revolving credit agreement with Ameriprise Financial as the lender. The aggregate amount outstanding under the line of credit may not exceed 3% of RiverSource Life Insurance Company’s statutory admitted assets (excluding separate accounts) as of the prior year end. The interest rate for any borrowing under the agreement is established by reference to LIBOR for U.S. dollar deposits with maturities comparable to the relevant interest period, plus an applicable margin subject to adjustment based on debt ratings of the senior unsecured debt of Ameriprise Financial. Amounts borrowed may be repaid at any time with no prepayment penalty. There were no amounts outstanding on this line of credit as of both December 31, 2018 and 2017.

RiverSource Life of NY, as the borrower, has a revolving credit agreement with Ameriprise Financial as the lender. The aggregate amount outstanding under the line of credit may not exceed the lesser of $25 million or 3% of RiverSource Life of NY’s statutory admitted assets (excluding separate accounts) as of the prior year end. The interest rate for any borrowing is established by reference to LIBOR for U.S. dollar deposits with maturities comparable to the relevant interest period. Amounts borrowed may be repaid at any time with no prepayment penalty. There were no amounts outstanding on this line of credit as of both December 31, 2018 and 2017.

RTA has a revolving credit agreement with Ameriprise Financial as the lender not to exceed $100 million. The interest rate for any borrowing is established by reference to LIBOR for U.S. dollar deposits with maturities comparable to the relevant interest period, plus an applicable margin subject to adjustment based on debt ratings of the senior unsecured debt of Ameriprise Financial. This line of credit is automatically renewed annually with Ameriprise Financial. There were no amounts outstanding on this revolving credit agreement as of both December 31, 2018 and 2017.

RiverSource Life Insurance Company, as the lender, has a revolving credit agreement with Ameriprise Financial as the borrower. This line of credit is not to exceed 3% of RiverSource Life Insurance Company’s statutory admitted assets as of the prior year end. The interest rate for any borrowing is established by reference to LIBOR for U.S. dollar deposits with maturities comparable to the relevant interest period, plus an applicable margin subject to adjustment based on debt ratings of the senior unsecured debt of Ameriprise Financial. In the event of default, an additional 1% interest will accrue during such period of default. There were no amounts outstanding on this revolving credit agreement as of both December 31, 2018 and 2017.

13. SHORT-TERM BORROWINGS

The Company enters into repurchase agreements in exchange for cash which it accounts for as secured borrowings and has pledged Available-for-Sale securities to collateralize its obligations under the repurchase agreements. As of December 31, 2018

F-29

RiverSource Life Insurance Company

and 2017, the Company has pledged $52 million and $43 million, respectively, of agency residential mortgage backed securities and nil and $8 million, respectively, of commercial mortgage backed securities. The amount of the Company’s liability including accrued interest as of both December 31, 2018 and 2017 was $50 million. The remaining maturity of outstanding repurchase agreements was less than three months as of December 31, 2018 and less than one month as of December 31, 2017. The weighted average annualized interest rate on repurchase agreements held as of December 31, 2018 and 2017 was 2.6% and 1.4%, respectively.

RiverSource Life Insurance Company is a member of the Federal Home Loan Bank (“FHLB”) of Des Moines which provides access to collateralized borrowings. The Company has pledged Available-for-Sale securities consisting of commercial mortgage backed securities to collateralize its obligation under these borrowings. The fair value of the securities pledged is recorded in investments and was $780 million and $750 million as of December 31, 2018 and 2017, respectively. The amount of the Company’s liability including accrued interest was $151 million and $150 million as of December 31, 2018 and 2017, respectively. The remaining maturity of outstanding FHLB advances was less than three months as of December 31, 2018 and less than four months as of December 31, 2017. The weighted average annualized interest rate on the FHLB advances held as of December 31, 2018 and 2017 was 2.6% and 1.5%, respectively.

14. FAIR VALUES OF ASSETS AND LIABILITIES

GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; that is, an exit price. The exit price assumes the asset or liability is not exchanged subject to a forced liquidation or distressed sale.

Valuation Hierarchy

The Company categorizes its fair value measurements according to a three-level hierarchy. The hierarchy prioritizes the inputs used by the Company’s valuation techniques. A level is assigned to each fair value measurement based on the lowest level input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are defined as follows:

Level 1

Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date.

Level 2

Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities.

Level 3

Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

F-30

RiverSource Life Insurance Company

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


	December 31, 2018
(in millions)	Level 1		Level 2		Level 3		Total
Assets
Available-for-Sale securities: Fixed maturities:
Corporate debt securities	$	—	$	11,520	$	871	$	12,391
Residential mortgage backed securities		—		2,807		64		2,871
Commercial mortgage backed securities		—		3,652		—		3,652
State and municipal obligations		—		1,283		—		1,283
Asset backed securities		—		671		374		1,045
Foreign government bonds and obligations		—		285		—		285
U.S. government and agency obligations		1		—		—		1
Total Available-for-Sale securities: Fixed maturities		1		20,218		1,309		21,528
Cash equivalents		—		1,000		—		1,000
Other assets:
Interest rate derivative contracts		—		789		—		789
Equity derivative contracts		189		1,515		—		1,704
Foreign exchange derivative contracts		—		54		—		54
Total other assets		189		2,358		—		2,547
Separate account assets at net asset value (“NAV”)								73,393	⁽¹⁾
Total assets at fair value	$	190	$	23,576	$	1,309	$	98,468

Liabilities
Policyholder account balances, future policy benefits and claims:
Indexed annuity embedded derivatives	$	—	$	3	$	14	$	17
IUL embedded derivatives		—		—		628		628
GMWB and GMAB embedded derivatives		—		—		328		328	⁽²⁾
Total policyholder account balances, future policy benefits and claims		—		3		970		973	⁽³⁾
Other liabilities:
Interest rate derivative contracts		—		422		—		422
Equity derivative contracts		77		1,901		—		1,978
Foreign exchange derivative contracts		2		32		—		34
Credit derivative contracts		—		18		—		18
Total other liabilities		79		2,373		—		2,452
Total liabilities at fair value	$	79	$	2,376	$	970	$	3,425

F-31

RiverSource Life Insurance Company


	December 31, 2017
(in millions)	Level 1		Level 2		Level 3			Total
Assets
Available-for-Sale securities: Fixed maturities:
Corporate debt securities	$	—	$	12,161	$	1,072		$	13,233
Residential mortgage backed securities		—		2,924		87			3,011
Commercial mortgage backed securities		—		3,569		—			3,569
State and municipal obligations		—		1,314		—			1,314
Asset backed securities		—		728		—			728
Foreign government bonds and obligations		—		299		—			299
U.S. government and agency obligations		1		—		—			1
Total Available-for-Sale securities: Fixed maturities		1		20,995		1,159			22,155
Cash equivalents		—		1,030		—			1,030
Other assets:
Interest rate derivative contracts		—		1,081		—			1,081
Equity derivative contracts		62		2,305		—			2,367
Foreign exchange derivative contracts		1		34		—			35
Total other assets		63		3,420		—			3,483
Separate account assets at NAV									82,560	⁽¹⁾
Total assets at fair value	$	64	$	25,445	$	1,159		$	109,228

Liabilities
Policyholder account balances, future policy benefits and claims:
Indexed annuity embedded derivatives	$	—	$	5	$	—		$	5
IUL embedded derivatives		—		—		601			601
GMWB and GMAB embedded derivatives		—		—		(49	)		(49	)⁽⁴⁾
Total policyholder account balances, future policy benefits and claims		—		5		552			557	⁽⁵⁾
Other liabilities:
Interest rate derivative contracts		1		414		—			415
Equity derivative contracts		5		2,666		—			2,671
Foreign exchange derivative contracts		—		23		—			23
Credit derivative contracts		—		2		—			2
Total other liabilities		6		3,105		—			3,111
Total liabilities at fair value	$	6	$	3,110	$	552		$	3,668

⁽¹⁾	Amounts are comprised of certain financial instruments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient and have not been classified in the fair value hierarchy.

⁽²⁾	The fair value of the GMWB and GMAB embedded derivatives included $646 million of individual contracts in a liability position and $318 million of individual contracts in an asset position as of December 31, 2018.

⁽³⁾	The Company’s adjustment for nonperformance risk resulted in a $(726) million cumulative increase (decrease) to the embedded derivatives as of December 31, 2018.

⁽⁴⁾	The fair value of the GMWB and GMAB embedded derivatives included $443 million of individual contracts in a liability position and $492 million of individual contracts in an asset position as of December 31, 2017.

⁽⁵⁾	The Company’s adjustment for nonperformance risk resulted in a $(399) million cumulative increase (decrease) to the embedded derivatives as of December 31, 2017.

F-32

RiverSource Life Insurance Company

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


	Available-for-Sale Securities: Fixed Maturities
(in millions)	Corporate Debt Securities			Residential Mortgage Backed Securities			Commercial Mortgage Backed Securities			Asset Backed Securities			Total			Other Derivative Contracts
Balance, January 1, 2018	$	1,072		$	87		$	—		$	—		$	1,159		$	—
Total gains (losses) included in:
Net income		(1	)		—			—			—			(1	)⁽¹⁾		(3	)⁽²⁾
Other comprehensive income (loss)		(26	)		1			—			3			(22	)		—
Purchases		15			—			12			381			408			3
Settlements		(189	)		(6	)		—			—			(195	)		—
Transfers out of Level 3		—			(18	)		(12	)		(10	)		(40	)		—
Balance, December 31, 2018	$	871		$	64		$	—		$	374		$	1,309		$	—
Changes in unrealized gains (losses) relating to assets held at December 31, 2018	$	(1	)	$	—		$	—		$	—		$	(1	)⁽¹⁾	$	—


	Policyholder Account Balances, Future Policy Benefits and Claims
(in millions)	Indexed Annuity Embedded Derivatives			IUL Embedded Derivatives			GMWB and GMAB Embedded Derivatives			Total
Balance, January 1, 2018	$	—		$	601		$	(49	)	$	552
Total (gains) losses included in:
Net income		(3	)⁽³⁾		(9	)⁽³⁾		49	⁽²⁾		37
Issues		17			90			350			457
Settlements		—			(54	)		(22	)		(76	)
Balance, December 31, 2018	$	14		$	628		$	328		$	970
Changes in unrealized (gains) losses relating to liabilities held at December 31, 2018	$	—		$	(9	)⁽³⁾	$	47	⁽²⁾	$	38


	Available-for-Sale Securities: Fixed Maturities															Common Stocks
(in millions)	Corporate Debt Securities			Residential Mortgage Backed Securities			Commercial Mortgage Backed Securities			Asset Backed Securities			Total			Common Stocks
Balance, January 1, 2017	$	1,157		$	115		$	—		$	13		$	1,285		$	—
Total gains (losses) included in:
Net income		1			—			—			—			1	⁽¹⁾		—
Other comprehensive income (loss)		(8	)		1			—			—			(7	)		—
Purchases		124			67			36			49			276			—
Settlements		(202	)		(7	)		—			(13	)		(222	)		—
Transfers into Level 3		—			—			—			11			11			4
Transfers out of Level 3		—			(89	)		(36	)		(60	)		(185	)		(4	)
Balance, December 31, 2017	$	1,072		$	87		$	—		$	—		$	1,159		$	—
Changes in unrealized gains (losses) relating to assets held at December 31, 2017	$	1		$	—		$	—		$	—		$	1	⁽¹⁾	$	—


	Policyholder Account Balances, Future Policy Benefits and Claims
(in millions)	IUL Embedded Derivatives			GMWB and GMAB Embedded Derivatives			Total
Balance, January 1, 2017	$	464		$	614		$	1,078
Total (gains) losses included in:
Net income		87	⁽³⁾		(977	)⁽²⁾		(890	)
Issues		92			326			418
Settlements		(42	)		(12	)		(54	)
Balance, December 31, 2017	$	601		$	(49	)	$	552
Changes in unrealized (gains) losses relating to liabilities held at December 31, 2017	$	87	⁽³⁾	$	(946	)⁽²⁾	$	(859	)

F-33

RiverSource Life Insurance Company


	Available-for-Sale Securities: Fixed Maturities															Other Derivative Contracts
(in millions)	Corporate Debt Securities			Residential Mortgage Backed Securities			Commercial Mortgage Backed Securities			Asset Backed Securities			Total			Other Derivative Contracts
Balance, January 1, 2016	$	1,235		$	21		$	3		$	133		$	1,392		$	—
Total gains (losses) included in:
Net income		1			—			—			1			2	⁽¹⁾		(2	)⁽²⁾
Other comprehensive income (loss)		(1	)		(1	)		—			—			(2	)		—
Purchases		47			134			42			—			223			2
Settlements		(126	)		(9	)		(3	)		(1	)		(139	)		—
Transfers into Level 3		1			—			—			12			13			—
Transfers out of Level 3		—			(30	)		(42	)		(132	)		(204	)		—
Balance, December 31, 2016	$	1,157		$	115		$	—		$	13		$	1,285		$	—
Changes in unrealized gains (losses) relating to assets held at December 31, 2016	$	1		$	—		$	—		$	—		$	1	⁽¹⁾	$	(2	)⁽²⁾


	Policyholder Account Balances, Future Policy Benefits and Claims
(in millions)	IUL Embedded Derivatives			GMWB and GMAB Embedded Derivatives			Total
Balance, January 1, 2016	$	364		$	851		$	1,215
Total (gains) losses included in:
Net income		13	⁽³⁾		(511	)⁽²⁾		(498	)
Issues		115			295			410
Settlements		(28	)		(21	)		(49	)
Balance, December 31, 2016	$	464		$	614		$	1,078
Changes in unrealized (gains) losses relating to liabilities held at December 31, 2016	$	13	⁽³⁾	$	(448	)⁽²⁾	$	(435	)

⁽¹⁾	Included in net investment income in the Consolidated Statements of Income.

⁽²⁾	Included in benefits, claims, losses and settlement expenses in the Consolidated Statements of Income.

⁽³⁾	Included in interest credited to fixed accounts in the Consolidated Statements of Income.

The increase (decrease) to pretax income of the Company’s adjustment for nonperformance risk on the fair value of its embedded derivatives was $281 million, $(71) million and $98 million, net of DAC, DSIC, unearned revenue amortization and the reinsurance accrual, for the years ended December 31, 2018, 2017 and 2016, respectively.

Securities transferred from Level 3 primarily represent securities with fair values that are now obtained from a third-party pricing service with observable inputs. Securities transferred to Level 3 represent securities with fair values that are now based on a single non-binding broker quote.

The following tables provide a summary of the significant unobservable inputs used in the fair value measurements developed by the Company or reasonably available to the Company of Level 3 assets and liabilities:


	December 31, 2018
	Fair Value		Valuation Technique	Unobservable Input	Range						Weighted Average
	(in millions)
Corporate debt securities (private placements)	$	871	Discounted cash flow	Yield/spread to U.S. Treasuries		1.0	%	–	3.6	%		1.5	%
Asset backed securities	$	374	Discounted cash flow	Annual default rate		2.5	%
				Loss severity		25.0	%
				Yield/spread to swap rates		85 bps		–	115	bps		87 bps
IUL embedded derivatives	$	628	Discounted cash flow	Nonperformance risk⁽¹⁾		119			bps
Indexed annuity embedded derivatives	$	14	Discounted cash flow	Surrender rate		0.0	%	–	50.0	%
				Nonperformance risk⁽¹⁾		119			bps
GMWB and GMAB embedded derivatives	$	328	Discounted cash flow	Utilization of guaranteed withdrawals⁽²⁾		0.0	%	–	36.0	%
				Surrender rate		0.1	%	–	73.4	%
				Market volatility⁽³⁾		4.0	%	–	16.1	%
				Nonperformance risk⁽¹⁾		119			bps

F-34

RiverSource Life Insurance Company


	December 31, 2017
	Fair Value			Valuation Technique	Unobservable Input	Range						Weighted Average
	(in millions)
Corporate debt securities (private placements)	$	1,070		Discounted cash flow	Yield/spread to U.S. Treasuries		0.7	%	–	2.3	%		1.1	%
IUL embedded derivatives	$	601		Discounted cash flow	Nonperformance risk⁽¹⁾		71			bps
GMWB and GMAB embedded derivatives	$	(49	)	Discounted cash flow	Utilization of guaranteed withdrawals⁽²⁾		0.0	%	–	42.0	%
					Surrender rate		0.1	%	–	74.7	%
					Market volatility⁽³⁾		3.7	%	–	16.1	%
					Nonperformance risk⁽¹⁾		71			bps

⁽¹⁾	The nonperformance risk is the spread added to the observable interest rates used in the valuation of the embedded derivatives.

⁽²⁾	The utilization of guaranteed withdrawals represents the percentage of contractholders that will begin withdrawing in any given year.

⁽³⁾	Market volatility is implied volatility of fund of funds and managed volatility funds.

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

Uncertainty of Fair Value Measurements

Significant increases (decreases) in the yield/spread to U.S. Treasuries used in the fair value measurement of Level 3 corporate debt securities in isolation would have resulted in a significantly lower (higher) fair value measurement.

Significant increases (decreases) in the annual default rate used in the fair value measurement of Level 3 asset backed securities in isolation, generally, would have resulted in a significantly lower (higher) fair value measurement and significant increases (decreases) in loss severity in isolation would have resulted in a significantly higher (lower) fair value measurement. Significant increases (decreases) in the yield/spread to swap rates in isolation would have resulted in a significantly lower (higher) fair value measurement.

Significant increases (decreases) in nonperformance risk used in the fair value measurement of the IUL embedded derivatives in isolation would have resulted in a significantly lower (higher) fair value measurement.

Significant increases (decreases) in nonperformance risk and surrender rate used in the fair value measurement of the indexed annuity embedded derivatives in isolation would have resulted in a significantly lower (higher) liability value.

Significant increases (decreases) in utilization and volatility used in the fair value measurement of the GMWB and GMAB embedded derivatives in isolation would have resulted in a significantly higher (lower) liability value. Significant increases (decreases) in nonperformance risk and surrender rate used in the fair value measurement of the GMWB and GMAB embedded derivatives in isolation would have resulted in a significantly lower (higher) liability value. Utilization of guaranteed withdrawals and surrender rates vary with the type of rider, the duration of the policy, the age of the contractholder, the distribution channel and whether the value of the guaranteed benefit exceeds the contract accumulation value.

Determination of Fair Value

The Company uses valuation techniques consistent with the market and income approaches to measure the fair value of its assets and liabilities. The Company’s market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The Company’s income approach uses valuation techniques to convert future projected cash flows to a single discounted present value amount. When applying either approach, the Company maximizes the use of observable inputs and minimizes the use of unobservable inputs.

The following is a description of the valuation techniques used to measure fair value and the general classification of these instruments pursuant to the fair value hierarchy.

Assets

Cash Equivalents

Cash equivalents include highly liquid investments with original or remaining maturities at the time of purchase of 90 days or less. The Company’s cash equivalents are classified as Level 2 and measured at amortized cost, which is a reasonable estimate of fair value because of the short time between the purchase of the instrument and its expected realization.

Available-for-Sale Securities

When available, the fair value of securities is based on quoted prices in active markets. If quoted prices are not available, fair values are obtained from third-party pricing services, non-binding broker quotes, or other model-based valuation techniques. Level 1 securities primarily include U.S. Treasuries.

Level 2 securities primarily include corporate bonds, residential mortgage backed securities, commercial mortgage backed securities, state and municipal obligations, asset backed securities and foreign government securities. The fair value of these Level 2 securities is based on a market approach with prices obtained from third-party pricing services. Observable inputs used to

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RiverSource Life Insurance Company

value these securities can include, but are not limited to, reported trades, benchmark yields, issuer spreads and non-binding broker quotes.

Level 3 securities primarily include certain corporate bonds, non-agency residential mortgage backed securities and affiliated and unaffiliated asset backed securities. The fair value of corporate bonds, non-agency residential mortgage backed securities and unaffiliated asset backed securities classified as Level 3 is typically based on a single non-binding broker quote. The underlying inputs used for some of the non-binding broker quotes are not readily available to the Company. The Company’s privately placed corporate bonds are typically based on a single non-binding broker quote. The fair value of affiliated asset backed securities is determined using a discounted cash flow model. Inputs used to determine the expected cash flows include assumptions about discount rates and default, prepayment and recovery rates of the underlying assets. Given the significance of the unobservable inputs to this fair value measurement, the fair value of the investment in the affiliated asset backed securities is classified as Level 3.

In consideration of the above, management is responsible for the fair values recorded on the financial statements. Prices received from third-party pricing services are subjected to exception reporting that identifies investments with significant daily price movements as well as no movements. The Company reviews the exception reporting and resolves the exceptions through reaffirmation of the price or recording an appropriate fair value estimate. The Company also performs subsequent transaction testing. The Company performs annual due diligence of third-party pricing services. The Company’s due diligence procedures include assessing the vendor’s valuation qualifications, control environment, analysis of asset-class specific valuation methodologies, and understanding of sources of market observable assumptions and unobservable assumptions, if any, employed in the valuation methodology. The Company also considers the results of its exception reporting controls and any resulting price challenges that arise.

Separate Account Assets

The fair value of assets held by separate accounts is determined by the NAV of the funds in which those separate accounts are invested. The NAV is used as a practical expedient for fair value and represents the exit price for the separate account. Separate account assets are excluded from classification in the fair value hierarchy.

Other Assets

Derivatives that are measured using quoted prices in active markets, such as derivatives that are exchange-traded, are classified as Level 1 measurements. The variation margin on futures contracts is also classified as Level 1. The fair value of derivatives that are traded in less active over-the-counter (“OTC”) markets is generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These measurements are classified as Level 2 within the fair value hierarchy and include swaps and the majority of options. The fair value of certain derivatives measured using pricing models which include significant unobservable inputs are classified as Level 3 within the fair value hierarchy. Other derivative contracts consist of the Company’s macro hedge derivatives that contain settlement provisions linked to both equity returns and interest rates. See Note 18 for further information on the macro hedge program. The counterparties’ nonperformance risk associated with uncollateralized derivative assets was immaterial as of December 31, 2018 and 2017. See Note 17 and Note 18 for further information on the credit risk of derivative instruments and related collateral.

Liabilities

Policyholder Account Balances, Future Policy Benefits and Claims

The Company values the embedded derivatives attributable to the provisions of certain variable annuity riders using internal valuation models. These models calculate fair value by discounting expected cash flows from benefits plus margins for profit, risk and expenses less embedded derivative fees. The projected cash flows used by these models include observable capital market assumptions and incorporate significant unobservable inputs related to contractholder behavior assumptions, implied volatility, and margins for risk, profit and expenses that the Company believes an exit market participant would expect. The fair value also reflects a current estimate of the Company’s nonperformance risk specific to these embedded derivatives. Given the significant unobservable inputs to this valuation, these measurements are classified as Level 3. The embedded derivatives attributable to these provisions are recorded in policyholder account balances, future policy benefits and claims.

The Company uses various Black-Scholes calculations to determine the fair value of the embedded derivatives associated with the provisions of its indexed annuity and IUL products. Significant inputs to the EIA calculation include observable interest rates, volatilities and equity index levels and, therefore, are classified as Level 2. The fair value of fixed index annuity and IUL embedded derivatives includes significant observable interest rates, volatilities and equity index levels and the significant unobservable estimate of the Company’s nonperformance risk. Given the significance of the nonperformance risk assumption to the fair value, the fixed index annuity and IUL embedded derivatives are classified as Level 3. The embedded derivatives attributable to these provisions are recorded in policyholder account balances, future policy benefits and claims.

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RiverSource Life Insurance Company

Other Liabilities

Fair Value on a Nonrecurring Basis

The Company assesses its investment in affordable housing partnerships for other-than-temporary impairment. The investments that are determined to be other-than-temporarily impaired are written down to their fair value. The Company uses a discounted cash flow model to measure the fair value of these investments. Inputs to the discounted cash flow model are estimates of future net operating losses and tax credits available to the Company and discount rates based on market condition and the financial strength of the syndicator (general partner). The balance of affordable housing partnerships measured at fair value on a nonrecurring basis was $112 million and $166 million as of December 31, 2018 and 2017, respectively, and is classified as Level 3 in the fair value hierarchy.

Asset and Liabilities Not Reported at Fair Value

The following tables provide the carrying value and the estimated fair value of financial instruments that are not reported at fair value.


	December 31, 2018
	Carrying Value		Fair Value
(in millions)	Carrying Value		Level 1		Level 2		Level 3		Total
Financial Assets
Mortgage loans, net	$	2,547	$	—	$	—	$	2,514	$	2,514
Policy loans		861		—		—		810		810
Other investments		411		—		355		41		396

Financial Liabilities
Policyholder account balances, future policy benefits and claims	$	9,609	$	—	$	—	$	9,672	$	9,672
Short-term borrowings		201		—		201		—		201
Other liabilities		59		—		—		57		57
Separate account liabilities at NAV		312								312	⁽¹⁾

	December 31, 2017
	Carrying Value		Fair Value
(in millions)	Carrying Value		Level 1		Level 2		Level 3		Total
Financial Assets
Mortgage loans, net	$	2,619	$	—	$	—	$	2,616	$	2,616
Policy loans		845		—		—		801		801
Other investments		408		—		373		36		409

Financial Liabilities
Policyholder account balances, future policy benefits and claims	$	10,246	$	—	$	—	$	10,755	$	10,755
Short-term borrowings		200		—		200		—		200
Other liabilities		123		—		—		119		119
Separate account liabilities at NAV		369								369	⁽¹⁾

⁽¹⁾	Amounts are comprised of certain financial instruments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient and have not been classified in the fair value hierarchy.

See Note 7 for additional information on mortgage loans and policy loans. Other investments include syndicated loans and the Company’s membership in the FHLB. See Note 7 for additional information on syndicated loans.

Policyholder account balances, future policy benefit and claims includes fixed annuities in deferral status, non-life contingent fixed annuities in payout status, indexed annuity host contracts and the fixed portion of a small number of variable annuity contracts classified as investment contracts. See Note 10 for additional information on these liabilities. Short-term borrowings include repurchase agreement and FHLB borrowings. See Note 13 for further information on short-term borrowings. Other liabilities include future funding commitments to affordable housing partnerships and other real estate partnerships. Separate account liabilities relate to investment contracts.

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RiverSource Life Insurance Company

15. RELATED PARTY TRANSACTIONS

See Note 4 for information about revenues from contracts with customers earned by the Company from related party transactions with affiliates.

Charges by Ameriprise Financial and affiliated companies to the Company for use of joint facilities, technology support, marketing services and other services aggregated $365 million, $390 million and $400 million for the years ended December 31, 2018, 2017 and 2016, respectively. Certain of these costs are included in DAC. Expenses allocated to the Company may not be reflective of expenses that would have been incurred by the Company on a stand-alone basis.

Cash dividends or distributions paid and received by RiverSource Life Insurance Company were as follows:


	Years Ended December 31,
(in millions)	2018		2017		2016
Paid to Ameriprise Financial	$	750	$	700	$	1,000
Received from RiverSource Life of NY		48		50		50
Received from RTA		45		20		15
Received from RiverSource REO 1, LLC⁽¹⁾		2		—		31

⁽¹⁾	RiverSource REO 1, LLC is a wholly owned subsidiary of RiverSource Life Insurance Company which holds foreclosed mortgage loans and real estate.

For dividends and other distributions from the life insurance companies, advance notification was provided to state insurance regulators prior to payments. See Note 16 for additional information.

The Company’s taxable income is included in the consolidated federal income tax return of Ameriprise Financial. The net amount due from (to) Ameriprise Financial for federal income taxes was $60 million and $(105) million as of December 31, 2018 and 2017, respectively, which is reflected in Other, net within operating activities on the Consolidated Statements of Cash Flows.

In December 2018, the Company invested in AA and A rated asset backed securities issued by AAF, an affiliate of the Company. The asset backed securities are collateralized by a portfolio of loans issued to advisors affiliated with AFSI, an affiliated broker dealer. As of December 31, 2018, the fair value of these asset backed securities was $374 million and is reported in Investments: Available-for-Sale Fixed Maturities on the Company’s Consolidated Balance Sheets.

16. REGULATORY REQUIREMENTS

The National Association of Insurance Commissioners (“NAIC”) defines Risk-Based Capital (“RBC”) requirements for insurance companies. The RBC requirements are used by the NAIC and state insurance regulators to identify companies that merit regulatory actions designed to protect policyholders. These requirements apply to the Company. The Company has met its minimum RBC requirements.

Insurance companies are required to prepare statutory financial statements in accordance with the accounting practices prescribed or permitted by the insurance departments of their respective states of domicile, which vary materially from GAAP. Prescribed statutory accounting practices include publications of the NAIC, as well as state laws, regulations and general administrative rules. The more significant differences from GAAP include charging policy acquisition costs to expense as incurred, establishing annuity and insurance reserves using different actuarial methods and assumptions, valuing investments on a different basis and excluding certain assets from the balance sheet by charging them directly to surplus, such as a portion of the net deferred income tax assets.

RiverSource Life Insurance Company received approval from the Minnesota Department of Commerce to apply a permitted statutory accounting practice, effective July 1, 2017 through June 30, 2019, for certain derivative instruments used to economically hedge the interest rate exposure of certain variable annuity products that do not qualify for statutory hedge accounting. The permitted practice is intended to mitigate the impact to statutory surplus from the misalignment between variable annuity statutory reserves, which are not carried at fair value, and the fair value of derivatives used to economically hedge the interest rate exposure of non-life contingent living benefit guarantees. The permitted practice allows RiverSource Life Insurance Company to defer a portion of the change in fair value, net investment income and realized gains or losses generated from designated derivatives to the extent the amounts do not offset the current period interest-rate related change in the variable annuity statutory reserve liability. The deferred amount is amortized over ten years using the straight-line method with the ability to accelerate amortization at management’s discretion. As of December 31, 2018 and 2017, application of this permitted practice resulted in an increase (decrease) to RiverSource Life Insurance Company’s statutory surplus of approximately $92 million and $(3) million, respectively.

State insurance statutes contain limitations as to the amount of dividends and other distributions that insurers may make without providing prior notification to state regulators. For RiverSource Life Insurance Company, payments in excess of unassigned surplus, as determined in accordance with accounting practices prescribed by the State of Minnesota, require advance notice to the Minnesota Department of Commerce, RiverSource Life Insurance Company’s primary regulator, and are subject to potential disapproval. RiverSource Life Insurance Company’s statutory unassigned surplus (deficit) aggregated $642 million and $(306) million as of December 31, 2018 and 2017, respectively.

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RiverSource Life Insurance Company

In addition, dividends or distributions whose fair market value, together with that of other dividends or distributions made within the preceding 12 months, exceed the greater of the previous year’s statutory net gain from operations or 10% of the previous year-end statutory capital and surplus are referred to as “extraordinary dividends.” Extraordinary dividends also require advance notice to the Minnesota Department of Commerce, and are subject to potential disapproval. Statutory capital and surplus was $3.3 billion and $2.4 billion as of December 31, 2018 and 2017, respectively.

Statutory net gain from operations and net income (loss) for RiverSource Life Insurance Company are summarized as follows:


	Years Ended December 31,
(in millions)	2018		2017		2016
Statutory net gain from operations	$	1,686	$	958	$	834
Statutory net income (loss)		1,628		222		322

Government debt securities of $4 million as of both December 31, 2018 and 2017 were on deposit with various states as required by law.

17. OFFSETTING ASSETS AND LIABILITIES

Certain financial instruments and derivative instruments are eligible for offset in the Consolidated Balance Sheets. The Company’s derivative instruments and repurchase agreements are subject to master netting and collateral arrangements and qualify for offset. A master netting arrangement with a counterparty creates a right of offset for amounts due to and from that same counterparty that is enforceable in the event of a default or bankruptcy. The Company’s policy is to recognize amounts subject to master netting arrangements on a gross basis in the Consolidated Balance Sheets.

The following tables present the gross and net information about the Company’s assets subject to master netting arrangements:


	December 31, 2018
	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									Net Amount
(in millions)	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheets				Financial Instruments⁽¹⁾			Cash Collateral			Securities Collateral			Net Amount

Derivatives:
OTC	$	2,499	$	—	$	2,499	$	(2,066	)	$	(390	)	$	(26	)	$	17
OTC cleared		34		—		34		(23	)		—			—			11
Exchange-traded		14		—		14		(1	)		—			—			13
Total derivatives	$	2,547	$	—	$	2,547	$	(2,090	)	$	(390	)	$	(26	)	$	41


	December 31, 2017
	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									Net Amount
(in millions)	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheets				Financial Instruments⁽¹⁾			Cash Collateral			Securities Collateral			Net Amount

Derivatives:
OTC	$	3,440	$	—	$	3,440	$	(2,599	)	$	(736	)	$	(88	)	$	17
OTC cleared		21		—		21		(15	)		—			—			6
Exchange-traded		22		—		22		(1	)		—			—			21
Total derivatives	$	3,483	$	—	$	3,483	$	(2,615	)	$	(736	)	$	(88	)	$	44

⁽¹⁾	Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets.

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RiverSource Life Insurance Company

The following tables present the gross and net information about the Company’s liabilities subject to master netting arrangements:


	December 31, 2018
	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									Net Amount
(in millions)	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheets				Financial Instruments⁽¹⁾			Cash Collateral			Securities Collateral			Net Amount

Derivatives:
OTC	$	2,419	$	—	$	2,419	$	(2,066	)	$	(24	)	$	(328	)	$	1
OTC cleared		23		—		23		(23	)		—			—			—
Exchange-traded		10		—		10		(1	)		—			—			9
Total derivatives		2,452		—		2,452		(2,090	)		(24	)		(328	)		10
Repurchase agreements		50		—		50		—			—			(50	)		—
Total	$	2,502	$	—	$	2,502	$	(2,090	)	$	(24	)	$	(378	)	$	10


	December 31, 2017
	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									Net Amount
(in millions)	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheets				Financial Instruments⁽¹⁾			Cash Collateral			Securities Collateral			Net Amount

Derivatives:
OTC	$	3,095	$	—	$	3,095	$	(2,599	)	$	(1	)	$	(492	)	$	3
OTC cleared		15		—		15		(15	)		—			—			—
Exchange-traded		1		—		1		(1	)		—			—			—
Total derivatives		3,111		—		3,111		(2,615	)		(1	)		(492	)		3
Repurchase agreements		50		—		50		—			—			(50	)		—
Total	$	3,161	$	—	$	3,161	$	(2,615	)	$	(1	)	$	(542	)	$	3

⁽¹⁾	Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets.

In the tables above, the amount of assets or liabilities presented are offset first by financial instruments that have the right of offset under master netting or similar arrangements, then any remaining amount is reduced by the amount of cash and securities collateral. The actual collateral may be greater than amounts presented in the tables.

When the fair value of collateral accepted by the Company is less than the amount due to the Company, there is a risk of loss if the counterparty fails to perform or provide additional collateral. To mitigate this risk, the Company monitors collateral values regularly and requires additional collateral when necessary. When the value of collateral pledged by the Company declines, it may be required to post additional collateral.

Freestanding derivative instruments are reflected in other assets and other liabilities. Cash collateral pledged by the Company is reflected in other assets and cash collateral accepted by the Company is reflected in other liabilities. Repurchase agreements are reflected in short-term borrowings. See Note 18 for additional disclosures related to the Company’s derivative instruments and Note 13 for additional disclosures related to the Company’s repurchase agreements.

18. DERIVATIVES AND HEDGING ACTIVITIES

Derivative instruments enable the Company to manage its exposure to various market risks. The value of such instruments is derived from an underlying variable or multiple variables, including equity and interest rate indices or prices. The Company primarily enters into derivative agreements for risk management purposes related to the Company’s products and operations.

The Company’s freestanding derivative instruments are all subject to master netting arrangements. The Company’s policy on the recognition of derivatives on the Consolidated Balance Sheets is to not offset fair value amounts recognized for derivatives and collateral arrangements executed with the same counterparty under the same master netting arrangement. See Note 17 for additional information regarding the estimated fair value of the Company’s freestanding derivatives after considering the effect of master netting arrangements and collateral.

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RiverSource Life Insurance Company

The Company uses derivatives as economic hedges and accounting hedges. The following table presents the notional value and gross fair value of derivative instruments, including embedded derivatives:


	December 31, 2018						December 31, 2017
	Notional		Gross Fair Value				Notional		Gross Fair Value
(in millions)	Notional		Assets⁽¹⁾		Liabilities⁽²⁾		Notional		Assets⁽¹⁾		Liabilities⁽²⁾
Derivatives not designated as hedging instruments
Interest rate contracts	$	57,185	$	789	$	422	$	64,790	$	1,081	$	415
Equity contracts		51,463		1,704		1,978		56,649		2,367		2,671
Credit contracts		1,206		—		18		715		—		2
Foreign exchange contracts		4,747		54		34		3,996		35		23
Other contracts		—		—		—		450		—		—
Total non-designated hedges		114,601		2,547		2,452		126,600		3,483		3,111
Embedded derivatives
GMWB and GMAB⁽³⁾		N/A		—		328		N/A		—		(49	)
IUL		N/A		—		628		N/A		—		601
Indexed annuities		N/A		—		17		N/A		—		5
Total embedded derivatives		N/A		—		973		N/A		—		557
Total derivatives	$	114,601	$	2,547	$	3,425	$	126,600	$	3,483	$	3,668

N/A Not applicable.

⁽¹⁾	The fair value of freestanding derivative assets is included in Other assets on the Consolidated Balance Sheets.

⁽²⁾

The fair value of freestanding derivative liabilities is included in Other liabilities on the Consolidated Balance Sheets. The fair value of GMWB and GMAB, IUL, and indexed annuity embedded derivatives is included in Policyholder account balances, future policy benefits and claims on the Consolidated Balance Sheets.

⁽³⁾

The fair value of the GMWB and GMAB embedded derivatives as of December 31, 2018 included $646 million of individual contracts in a liability position and $318 million of individual contracts in an asset position. The fair value of the GMWB and GMAB embedded derivatives as of December 31, 2017 included $443 million of individual contracts in a liability position and $492 million of individual contracts in an asset position.

See Note 14 for additional information regarding the Company’s fair value measurement of derivative instruments.

As of December 31, 2018 and 2017, investment securities with a fair value of $28 million and $89 million, respectively, were received as collateral to meet contractual obligations under derivative contracts, of which $28 million and $89 million, respectively, may be sold, pledged or rehypothecated by the Company. As of both December 31, 2018 and 2017, the Company had sold, pledged, or rehypothecated nil of these securities. In addition, as of both December 31, 2018 and 2017, non-cash collateral accepted was held in separate custodial accounts and was not included in the Company’s Consolidated Balance Sheets.

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RiverSource Life Insurance Company

The following table presents a summary of the impact of derivatives not designated as hedging instruments, including embedded derivatives, on the Consolidated Statements of Income:


(in millions)	Interest Credited to Fixed Accounts			Benefits, Claims, Losses and Settlement Expenses
Year Ended December 31, 2018
Interest rate contracts	$	—		$	(312	)
Equity contracts		(49	)		306
Credit contracts		—			7
Foreign exchange contracts		—			1
Other contracts		—			(4	)
GMWB and GMAB embedded derivatives		—			(377	)
IUL embedded derivatives		63			—
Indexed annuities embedded derivatives		3			—
Total gain (loss)	$	17		$	(379	)
Year Ended December 31, 2017
Interest rate contracts	$	—		$	3
Equity contracts		75			(1,006	)
Credit contracts		—			(22	)
Foreign exchange contracts		—			(23	)
Other contracts		—			(2	)
GMWB and GMAB embedded derivatives		—			663
IUL embedded derivatives		(45	)		—
Total gain (loss)	$	30		$	(387	)
Year Ended December 31, 2016
Interest rate contracts	$	—		$	38
Equity contracts		20			(857	)
Credit contracts		—			2
Other contracts		—			(2	)
GMWB and GMAB embedded derivatives		—			237
IUL embedded derivatives		15			—
Total gain (loss)	$	35		$	(582	)

The Company holds derivative instruments that either do not qualify or are not designated for hedge accounting treatment. These derivative instruments are used as economic hedges of equity, interest rate, credit and foreign currency exchange rate risk related to various products and transactions of the Company.

Certain annuity contracts contain GMWB or GMAB provisions, which guarantee the right to make limited partial withdrawals each contract year regardless of the volatility inherent in the underlying investments or guarantee a minimum accumulation value of consideration received at the beginning of the contract period, after a specified holding period, respectively. The GMAB and non-life contingent GMWB provisions are considered embedded derivatives, which are bifurcated from their host contracts for valuation purposes and reported on the Consolidated Balance Sheets at fair value with changes in fair value reported in earnings. The Company economically hedges the exposure related to GMAB and non-life contingent GMWB provisions using options (equity index, interest rate swaptions, etc.), swaps (interest rate, total return, etc.) and futures.

The deferred premium associated with certain of the above options and swaptions is paid or received semi-annually over the life of the contract or at maturity. The following is a summary of the payments the Company is scheduled to make and receive for these options and swaptions as of December 31, 2018:


(in millions)	Premiums Payable		Premiums Receivable
2019	$	274	$	168
2020		196		130
2021		168		118
2022		207		198
2023		126		43
2024-2028		369		17
Total	$	1,340	$	674

Actual timing and payment amounts may differ due to future settlements, modifications or exercises of the contracts prior to the full premium being paid or received.

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RiverSource Life Insurance Company

The Company has a macro hedge program to provide protection against the statutory tail scenario risk arising from variable annuity reserves on its statutory surplus and to cover some of the residual risks not covered by other hedging activities. As a means of economically hedging these risks, the Company may use a combination of futures, options, swaps and swaptions. Certain of the macro hedge derivatives contain settlement provisions linked to both equity returns and interest rates. The Company’s macro hedge derivatives that contain settlement provisions linked to both equity returns and interest rates are shown in Other contracts in the tables above.

Indexed annuity and IUL products have returns tied to the performance of equity markets. As a result of fluctuations in equity markets, the obligation incurred by the Company related to indexed annuity and IUL products will positively or negatively impact earnings over the life of these products. The equity component of indexed annuity and IUL product obligations are considered embedded derivatives, which are bifurcated from their host contracts for valuation purposes and reported on the Consolidated Balance Sheets at fair value with changes in fair value reported in earnings. As a means of economically hedging its obligations under the provisions of these products, the Company enters into index options and futures contracts.

Cash Flow Hedges

During the year ended December 31, 2018, the Company held no derivatives that were designated as cash flow hedges. During the years ended December 31, 2018 and 2017, no hedge relationships were discontinued due to forecasted transactions no longer being expected to occur according to the original hedge strategy. For the years ended December 31, 2018, 2017 and 2016, amounts recognized in earnings on derivative transactions that were ineffective were not material. See Note 19 for a summary of net unrealized gains (losses) included in AOCI related to previously designated cash flow hedges.

Credit Risk

Credit risk associated with the Company’s derivatives is the risk that a derivative counterparty will not perform in accordance with the terms of the applicable derivative contract. To mitigate such risk, the Company has established guidelines and oversight of credit risk through a comprehensive enterprise risk management program that includes members of senior management. Key components of this program are to require preapproval of counterparties and the use of master netting and collateral arrangements whenever practical. See Note 17 for additional information on the Company’s credit exposure related to derivative assets.

Certain of the Company’s derivative contracts contain provisions that adjust the level of collateral the Company is required to post based on the Company’s financial strength rating (or based on the debt rating of the Company’s parent, Ameriprise Financial). Additionally, certain of the Company’s derivative contracts contain provisions that allow the counterparty to terminate the contract if the Company does not maintain a specific financial strength rating or Ameriprise Financial’s debt does not maintain a specific credit rating (generally an investment grade rating). If these termination provisions were to be triggered, the Company’s counterparty could require immediate settlement of any net liability position. As of December 31, 2018 and 2017, the aggregate fair value of derivative contracts in a net liability position containing such credit contingent provisions was $91 million and $299 million, respectively. The aggregate fair value of assets posted as collateral for such instruments as of December 31, 2018 and 2017 was $90 million and $296 million, respectively. If the credit contingent provisions of derivative contracts in a net liability position as of December 31, 2018 and 2017 were triggered, the aggregate fair value of additional assets that would be required to be posted as collateral or needed to settle the instruments immediately would have been $1 million and $3 million, respectively.

19. SHAREHOLDER’S EQUITY

The following tables provide the amounts related to each component of OCI:



	Years Ended December 31, 2018
(in millions)	Pretax			Income Tax Benefit (Expense)			Net of Tax
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period⁽¹⁾	$	(952	)	$	203		$	(749	)
Reclassification of net (gains) losses on securities included in net income⁽²⁾		(9	)		2			(7	)
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables		435			(91	)		344
Net unrealized gains (losses) on securities		(526	)		114			(412	)
Net unrealized gains (losses) on derivatives:
Reclassification of net (gains) losses on derivatives included in net income⁽³⁾		1			—			1
Net unrealized gains (losses) on derivatives		1			—			1
Total other comprehensive income (loss)	$	(525	)	$	114		$	(411	)

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RiverSource Life Insurance Company



	Years Ended December 31, 2017
(in millions)	Pretax			Income Tax Benefit (Expense)			Net of Tax
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period⁽¹⁾	$	210		$	(61	)	$	149
Reclassification of net (gains) losses on securities included in net income⁽²⁾		(44	)		15			(29	)
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables		(180	)		57			(123	)
Net unrealized gains (losses) on securities		(14	)		11			(3	)
Net unrealized gains (losses) on derivatives:
Reclassification of net (gains) losses on derivatives included in net income⁽³⁾		5			(2	)		3
Net unrealized gains (losses) on derivatives		5			(2	)		3
Other		(1	)		—			(1	)
Total other comprehensive income (loss)	$	(10	)	$	9		$	(1	)

	Years Ended December 31, 2016
(in millions)	Pretax			Income Tax Benefit (Expense)			Net of Tax
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period⁽¹⁾	$	350		$	(124	)	$	226
Reclassification of net (gains) losses on securities included in net income⁽²⁾		(17	)		6			(11	)
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables		(242	)		85			(157	)
Net unrealized gains (losses) on securities		91			(33	)		58
Net unrealized gains (losses) on derivatives:
Reclassification of net (gains) losses on derivatives included in net income⁽³⁾		6			(2	)		4
Net unrealized gains (losses) on derivatives		6			(2	)		4
Total other comprehensive income (loss)	$	97		$	(35	)	$	62

⁽¹⁾	Includes other-than-temporary impairment losses on Available-for-Sale securities related to factors other than credit that were recognized in other comprehensive income (loss) during the period.

⁽²⁾	Reclassification amounts are recorded in net realized investment gains (losses).

⁽³⁾	Reclassification amounts are recorded in net investment income.

Other comprehensive income (loss) related to net unrealized securities gains (losses) includes three components: (i) unrealized gains (losses) that arose from changes in the market value of securities that were held during the period; (ii) (gains) losses that were previously unrealized, but have been recognized in current period net income due to sales of Available-for-Sale securities and due to the reclassification of noncredit other-than-temporary impairment losses to credit losses; and (iii) other adjustments primarily consisting of changes in insurance and annuity asset and liability balances, such as DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables, to reflect the expected impact on their carrying values had the unrealized gains (losses) been realized as of the respective balance sheet dates.

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RiverSource Life Insurance Company

The following table presents the changes in the balances of each component of AOCI, net of tax:


(in millions)	Net Unrealized Gains (Losses) on Securities			Net Unrealized Gains (Losses) on Derivatives			Other			Total
Balance, January 1, 2016	$	403		$	(8	)	$	—		$	395
OCI before reclassifications		69			—			—			69
Amounts reclassified from AOCI		(11	)		4			—			(7	)
Total OCI		58			4			—			62
Balance, December 31, 2016		461	⁽¹⁾		(4	)		—			457
OCI before reclassifications		26			—			(1	)		25
Amounts reclassified from AOCI		(29	)		3			—			(26	)
Total OCI		(3	)		3			(1	)		(1	)
Balance, December 31, 2017		458	⁽¹⁾		(1	)		(1	)		456
OCI before reclassifications		(405	)		—			—			(405	)
Amounts reclassified from AOCI		(7	)		1			—			(6	)
Total OCI		(412	)		1			—			(411	)
Balance, December 31, 2018	$	46	⁽¹⁾	$	—		$	(1	)	$	45

⁽¹⁾	Includes nil, nil and nil of noncredit related impairments on securities and net unrealized gains (losses) on previously impaired securities as of December 31, 2018, 2017 and 2016, respectively.

20. INCOME TAXES

The components of income tax provision were as follows:


	Years Ended December 31,
(in millions)	2018			2017			2016
Current income tax
Federal	$	35		$	158		$	18
State		3			1			1
Total current income tax		38			159			19
Deferred income tax
Federal		(1	)		103			6
State		(2	)		(2	)		(1	)
Total deferred income tax		(3	)		101			5
Total income tax provision	$	35		$	260		$	24

On December 22, 2017, the Tax Act was signed into law. The provision for income taxes for the year ended December 31, 2017 included an expense of $140 million due to the enactment of the Tax Act. The $140 million expense included a $136 million expense for the remeasurement of deferred tax assets and liabilities to the Tax Act’s statutory rate of 21% and a $4 million expense for the remeasurement of tax contingencies, specifically state tax contingencies and interest accrued for tax contingencies. In 2018, the Company finalized its accounting related to the Tax Act and determined no adjustments were necessary.

The principal reasons that the aggregate income tax provision is different from that computed by using the U.S. statutory rates of 21% for 2018 and 35% for 2017 and 2016 were as follows:


	Years Ended December 31,
	2018			2017			2016
Tax at U.S. statutory rate		21.0	%		35.0	%		35.0	%
Changes in taxes resulting from:
Low income housing tax credits		(8.5	)		(7.4	)		(9.4	)
Dividend received deduction		(4.2	)		(12.9	)		(17.1	)
Foreign tax credit, net of addback		(2.8	)		(2.7	)		(3.8	)
Impact of Tax Act		(1.1	)		14.0			—
Taxes applicable to prior years		(1.1	)		—			(2.0	)
Other, net		0.4			—			0.7
Income tax provision		3.7	%		26.0	%		3.4	%

The decrease in the Company’s effective tax rate for the year ended December 31, 2018 compared to 2017 is primarily the result of the decrease in the federal statutory rate and a $140 million expense in 2017 due to provisions of the Tax Act and an increase in low income housing credits, partially offset by lower levels of the dividends received deduction. The increase in the

F-45

RiverSource Life Insurance Company

Company’s effective tax rate for the year ended December 31, 2017 compared to 2016 was primarily due to a $140 million expense in 2017 due to provisions of the Tax Act, including remeasurement of net deferred tax assets and remeasurement of tax contingencies.

Deferred income tax assets and liabilities result from temporary differences between the assets and liabilities measured for GAAP reporting versus income tax return purposes. Deferred income tax assets and liabilities are measured at the statutory rate of 21% as of both December 31, 2018 and 2017. The significant components of the Company’s deferred income tax assets and liabilities, which are included net within other assets or other liabilities on the Consolidated Balance Sheets, were as follows:


	December 31,
(in millions)	2018		2017
Deferred income tax assets
Liabilities for policyholder account balances, future policy benefits and claims	$	705	$	599
Investment related		144		251
Other		14		29
Gross deferred income tax assets		863		879
Less: valuation allowance		11		11
Total deferred income tax assets		852		868
Deferred income tax liabilities
Deferred acquisition costs		423		431
Deferred sales inducement costs		53		62
Net unrealized gains on Available-for-Sale securities		37		150
Depreciation		—		13
Other		12		1
Gross deferred income tax liabilities		525		657
Net deferred income tax assets	$	327	$	211

Included in the Company’s deferred income tax assets are tax benefits primarily related to state net operating losses of $10 million, net of federal benefit, which will expire beginning December 31, 2019. Based on analysis of the Company’s tax position, management believes it is more likely than not that the Company will not realize certain state net operating losses and state deferred tax assets; therefore, a valuation allowance of $11 million has been established.

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


(in millions)	2018			2017			2016
Balance at January 1	$	14		$	59		$	95
Additions based on tax positions related to the current year		5			5			6
Additions for tax positions of prior years		1			—			31
Reductions for tax positions of prior years		(1	)		(50	)		(68	)
Audit settlements		—			—			(5	)
Balance at December 31	$	19		$	14		$	59

If recognized, approximately $8 million, $5 million and $6 million, net of federal tax benefits, of unrecognized tax benefits as of December 31, 2018, 2017 and 2016, respectively, would affect the effective tax rate.

It is reasonably possible that the total amounts of unrecognized tax benefits will change in the next 12 months. The Company estimates that the total amount of gross unrecognized tax benefits may decrease by approximately $10 million in the next 12 months primarily due to Internal Revenue Service (“IRS”) settlements and state exams.

The Company recognizes interest and penalties related to unrecognized tax benefits as a component of the income tax provision. The Company recognized a net decrease of nil, $1 million, and $39 million in interest and penalties for the years ended December 31, 2018, 2017 and 2016, respectively. As of both December 31, 2018 and 2017, the Company had a payable of $1 million related to accrued interest and penalties.

The Company files income tax returns as part of its inclusion in the consolidated federal income tax returns of Ameriprise Financial in the U.S. federal jurisdiction and various state jurisdictions. In the first quarter of 2018, the Company received cash settlements for final resolution of the 2008 through 2010 IRS audits. In the third quarter of 2018, Ameriprise Financial reached an agreement with IRS appeals to resolve the 2012 and 2013 audits. Accordingly, Ameriprise Financial’s IRS audits are effectively settled through 2013. The IRS is currently auditing Ameriprise Financial’s U.S. income tax returns for 2014 and 2015. Ameriprise Financial’s or the Company’s state income tax returns are currently under examination by various jurisdictions for years ranging from 2009 through 2017.

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RiverSource Life Insurance Company

21. COMMITMENTS, GUARANTEES AND CONTINGENCIES

Commitments

The following table presents the Company’s funding commitments as of December 31:


(in millions)	2018		2017
Commercial mortgage loans	$	50	$	31
Affordable housing and other real estate partnerships		59		123
Total funding commitments	$	109	$	154

Guarantees

The Company’s annuity and life products all have minimum interest rate guarantees in their fixed accounts. As of December 31, 2018, these guarantees range from 1% to 5%.

Contingencies

Insurance companies have been the subject of increasing regulatory, legislative and judicial scrutiny. Numerous state and federal regulatory agencies have commenced examinations and other inquiries of insurance companies regarding sales and marketing practices (including sales to older consumers and disclosure practices), claims handling, and unclaimed property and escheatment practices and procedures. The Company has cooperated and will continue to cooperate with the applicable regulators.

The Company is involved in the normal course of business in a number of other legal and arbitration proceedings concerning matters arising in connection with the conduct of its business activities. The Company believes that it is not a party to, nor are any of its properties the subject of, any pending legal, arbitration or regulatory investigation, examination or proceeding that is likely to have a material adverse effect on its consolidated financial condition, results of operations or liquidity. Notwithstanding the foregoing, it is possible that the outcome of any current or future legal, arbitration or regulatory proceeding could have a material impact on results of operations in any particular reporting period as the proceedings are resolved.

Uncertain economic conditions, heightened and sustained volatility in the financial markets and significant financial reform legislation may increase the likelihood that clients and other persons or regulators may present or threaten legal claims or that regulators increase the scope or frequency of examinations of the Company or the insurance industry generally.

RiverSource Life Insurance Company and RiverSource Life of NY are required by law to be a member of the guaranty fund association in every state where they are licensed to do business. In the event of insolvency of one or more unaffiliated insurance companies, the Company could be adversely affected by the requirement to pay assessments to the guaranty fund associations.

The Company projects its cost of future guaranty fund assessments based on estimates of insurance company insolvencies provided by the National Organization of Life and Health Insurance Guaranty Associations (“NOLHGA”) and the amount of its premiums written relative to the industry-wide premium in each state. The Company accrues the estimated cost of future guaranty fund assessments when it is considered probable that an assessment will be imposed, the event obligating the Company to pay the assessment has occurred and the amount of the assessment can be reasonably estimated.

The Company has a liability for estimated guaranty fund assessments and a related premium tax asset. As of December 31, 2018 and 2017, the estimated liability was $12 million and $14 million, respectively, and the related premium tax asset was $11 million and $12 million, respectively. The expected period over which guaranty fund assessments will be made and the related tax credits recovered is not known.

F-47

LOGO

RiverSource Life Insurance Company

70100 Ameriprise Financial Center

Minneapolis, MN 55474

1-800-862-7919

RiverSource Distributors, Inc. (Distributor), Member FINRA.

Issued by RiverSource Life Insurance Company, Minneapolis, Minnesota.

Affiliated with Ameriprise Financial Services, Inc.

S-6407 CF (4/19)