RiverSource Single Premium Variable Life Insurance

Transcription

1 2012 Annual Report RiverSource Single Premium Variable Life Insurance visit ameriprise.com/paperless S-6199 R (4/13) Issued by: RiverSource Life Insurance Company

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3 Annual Financial Information REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM TO THE BOARD OF DIRECTORS OF RIVERSOURCE LIFE INSURANCE COMPANY In our opinion, the accompanying statement of assets and liabilities and the related statements of operations and of changes in net assets present fairly, in all material respects, the financial position of each of the divisions of RiverSource Variable Life Separate Account that is offered through RiverSource» Single Premium Variable Life Insurance (the Account) sponsored by RiverSource Life Insurance Company, referred to in Note 1, at December 31, 2012, the results of their operations for the period then ended, and the changes in their net assets for the periods presented, in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the management of RiverSource Life Insurance Company; our responsibility is to express an opinion on these financial statements based on our audits. The financial statements of the divisions of the Account, including the financial highlights which appear in the footnotes, for the periods ended December 31, 2010 and prior were audited by another independent registered public accounting firm whose report dated April 22, 2011 expressed an unqualified opinion. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at December 31, 2012 by correspondence with the affiliated and unaffiliated mutual fund managers, provide a reasonable basis for our opinion. PricewaterhouseCoopers LLP April 22, 2013 RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT 1

4 Statements of Assets and Liabilities Dec. 31, 2012 AB VPS Gro & Inc, Cl B AB VPS Intl Val, Cl B AB VPS Lg Cap Gro, Cl B AC VP Intl, Cl II AC VP Val, Cl II Assets Investments, at fair value (1),(2) $18,014,034 $44,049,167 $3,005,404 $8,070,308 $22,101,001 Dividends receivable Accounts receivable from RiverSource Life for contract purchase payments 1,280 7,074 1,218 23,862 Receivable for share redemptions 13,306 48,890 2,048 6,135 16,757 Total assets 18,028,620 44,098,057 3,014,526 8,077,661 22,141,620 Liabilities Payable to RiverSource Life for: Mortality and expense risk fee 13,306 31,192 2,048 6,135 16,757 Minimum death benefit guarantee risk charge Contract terminations 17,698 Payable for investments purchased 1,280 7,074 1,218 23,862 Total liabilities 14,586 48,890 9,122 7,353 40,619 Net assets applicable to Variable Life contracts in accumulation period 18,013,930 44,049,084 3,005,274 8,070,148 22,100,923 Net assets applicable to seed money Total net assets $18,014,034 $44,049,167 $3,005,404 $8,070,308 $22,101,001 (1) Investment shares 871,928 3,430,620 98, ,743 3,384,533 (2) Investments, at cost $18,215,461 $51,915,627 $2,618,639 $7,302,024 $22,887,223 Dec. 31, 2012 (continued) Calvert VP SRI Bal Bal, Cash Mgmt, Div Bond, Divd Opp, Assets Investments, at fair value (1),(2) $6,642,258 $147,213,484 $67,467,790 $148,725,980 $190,613,224 Dividends receivable 55 Accounts receivable from RiverSource Life for contract purchase payments ,173 15,742 66,444 Receivable for share redemptions 13,181 Total assets 6,655, ,213,484 67,498, ,741, ,679,668 Liabilities Payable to RiverSource Life for: Mortality and expense risk fee 4, ,198 41,955 96, ,044 Minimum death benefit guarantee risk charge 1, Contract terminations 8,954 51,484 12,592 23,252 Payable for investments purchased 489 Total liabilities 13, ,722 54, , ,044 Net assets applicable to Variable Life contracts in accumulation period 6,642, ,058,752 67,441, ,621, ,555,546 Net assets applicable to seed money , Total net assets $6,642,258 $147,058,762 $67,443,359 $148,621,591 $190,555,624 (1) Investment shares 3,479,444 9,098,485 67,467,790 13,196,626 13,366,986 (2) Investments, at cost $6,149,613 $127,976,854 $67,457,325 $140,783,212 $168,939,949 See accompanying notes to financial statements. 2 RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT

5 Statements of Assets and Liabilities Dec. 31, 2012 (continued) Emer Mkts, Global Bond, Hi Inc, Hi Yield Bond, Inc Opp, Assets Investments, at fair value (1),(2) $52,727,187 $42,312,931 $8,978,866 $66,880,189 $21,016,808 Dividends receivable Accounts receivable from RiverSource Life for contract purchase payments 7,436 8,011 4,239 Receivable for share redemptions Total assets 52,727,187 42,320,367 8,978,866 66,888,200 21,021,047 Liabilities Payable to RiverSource Life for: Mortality and expense risk fee 34,056 27,309 6,087 43,730 13,734 Minimum death benefit guarantee risk charge Contract terminations 18,700 2, ,899 1,242 Payable for investments purchased Total liabilities 52,756 29,516 6,278 45,629 14,976 Net assets applicable to Variable Life contracts in accumulation period 52,674,350 42,290,776 8,972,434 66,842,494 21,005,994 Net assets applicable to seed money Total net assets $52,674,431 $42,290,851 $8,972,588 $66,842,571 $21,006,071 (1) Investment shares 3,258,788 3,465, ,506 9,276,032 1,995,898 (2) Investments, at cost $47,367,014 $39,466,620 $8,286,333 $60,916,998 $19,845,914 Dec. 31, 2012 (continued) Intl Opp, Lg Cap Gro, Lg Core Quan, Mid Cap Gro Opp, Mid Cap Val Opp, Assets Investments, at fair value (1),(2) $85,752,969 $40,685,016 $245,440,959 $12,118,795 $9,236,448 Dividends receivable Accounts receivable from RiverSource Life for contract purchase payments 21,146 7,972 15,106 Receivable for share redemptions Total assets 85,752,969 40,706, ,448,931 12,133,901 9,236,448 Liabilities Payable to RiverSource Life for: Mortality and expense risk fee 58,496 25, ,104 7,543 6,292 Minimum death benefit guarantee risk charge 323 Contract terminations 12,340 2,685 32,466 1,818 Payable for investments purchased Total liabilities 70,836 28, ,893 7,543 8,110 Net assets applicable to Variable Life contracts in accumulation period 85,682,052 40,677, ,253,934 12,126,348 9,228,327 Net assets applicable to seed money Total net assets $85,682,133 $40,677,598 $245,254,038 $12,126,358 $9,228,338 (1) Investment shares 7,092,884 5,130,519 10,602, , ,134 (2) Investments, at cost $66,450,310 $33,425,091 $211,371,373 $10,848,068 $8,205,562 See accompanying notes to financial statements. RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT 3

6 Statements of Assets and Liabilities Dec. 31, 2012 (continued) Assets S&P 500, Select Lg Cap Val, Select Sm Cap Val, US Govt Mtge, CS Commodity Return Investments, at fair value (1),(2) $39,419,060 $4,438,532 $13,199,725 $36,210,189 $13,293,710 Dividends receivable Accounts receivable from RiverSource Life for contract purchase payments 9,698 4,850 4,971 25,258 Receivable for share redemptions 8,314 Total assets 39,428,758 4,438,532 13,204,575 36,215,160 13,327,282 Liabilities Payable to RiverSource Life for: Mortality and expense risk fee 24,260 2,893 8,248 23,078 8,314 Minimum death benefit guarantee risk charge 103 Contract terminations 3,171 3, Payable for investments purchased 25,258 Total liabilities 24,260 6,064 11,841 23,292 33,572 Net assets applicable to Variable Life contracts in accumulation period 39,404,488 4,432,457 13,192,723 36,191,793 13,293,710 Net assets applicable to seed money Total net assets $39,404,498 $4,432,468 $13,192,734 $36,191,868 $13,293,710 (1) Investment shares 3,899, ,337 1,064,494 3,451,877 1,896,392 (2) Investments, at cost $31,561,001 $3,698,774 $12,017,085 $35,529,404 $16,748,545 Dec. 31, 2012 (continued) EV VT Floating-Rate Inc Fid VIP Contrafund, Serv Fid VIP Gro & Inc, Serv Fid VIP Mid Cap, Serv Fid VIP Overseas, Serv Assets Investments, at fair value (1),(2) $24,634,418 $72,573,416 $25,464,338 $62,498,633 $12,363,830 Dividends receivable 86,012 Accounts receivable from RiverSource Life for contract purchase payments 688 1,996 6,084 18,116 Receivable for share redemptions 19,271 66,958 19,424 47,568 11,355 Total assets 24,740,389 72,642,370 25,489,846 62,564,317 12,375,185 Liabilities Payable to RiverSource Life for: Mortality and expense risk fee 15,456 46,340 19,424 47,568 9,425 Minimum death benefit guarantee risk charge Contract terminations 3,814 20,618 1,930 Payable for investments purchased 86,701 1,996 6,084 18,116 Total liabilities 105,971 68,954 25,508 65,684 11,355 Net assets applicable to Variable Life contracts in accumulation period 24,632,404 72,573,312 25,464,260 62,498,501 12,363,671 Net assets applicable to seed money 2, Total net assets $24,634,418 $72,573,416 $25,464,338 $62,498,633 $12,363,830 (1) Investment shares 2,604,061 2,791,285 1,774,518 2,084, ,162 (2) Investments, at cost $23,951,622 $62,810,766 $23,454,746 $59,219,755 $13,546,593 See accompanying notes to financial statements. 4 RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT

7 Statements of Assets and Liabilities Dec. 31, 2012 (continued) Assets FTVIPT Frank Global Real Est, FTVIPT Frank Sm Cap Val, FTVIPT Mutual Shares Sec, GS VIT Mid Cap Val, Inst GS VIT Structd U.S. Eq, Inst Investments, at fair value (1),(2) $49,524,166 $33,051,518 $18,631,871 $86,842,580 $31,535,317 Dividends receivable Accounts receivable from RiverSource Life for contract purchase payments 7,254 5,572 3,588 12, Receivable for share redemptions 32,018 23,862 31,876 70,517 41,294 Total assets 49,563,438 33,080,952 18,667,335 86,925,328 31,577,366 Liabilities Payable to RiverSource Life for: Mortality and expense risk fee 32,018 21,617 13,313 54,989 19,979 Minimum death benefit guarantee risk charge Contract terminations 2,245 18,563 15,528 21,315 Payable for investments purchased 7,254 5,572 3,588 12, Total liabilities 39,272 29,434 35,464 82,748 42,049 Net assets applicable to Variable Life contracts in accumulation period 49,524,086 33,051,436 18,631,793 86,842,501 31,535,239 Net assets applicable to seed money Total net assets $49,524,166 $33,051,518 $18,631,871 $86,842,580 $31,535,317 (1) Investment shares 3,470,509 1,813,029 1,081,990 5,664,878 2,597,637 (2) Investments, at cost $59,349,366 $26,329,096 $18,217,786 $76,862,526 $29,843,580 Dec. 31, 2012 (continued) Invesco VI Div Divd, Ser I Invesco VI Intl Gro, Ser II Invesco VI Tech, Ser I Invesco VI Am Fran, Ser II Invesco VI Comstock, Ser II Assets Investments, at fair value (1),(2) $5,681,061 $18,032,293 $5,190,307 $7,149,834 $5,474,973 Dividends receivable Accounts receivable from RiverSource Life for contract purchase payments 2,454 6,620 1,386 5,722 1,118 Receivable for share redemptions 3,841 10,260 8,139 5,421 3,494 Total assets 5,687,356 18,049,173 5,199,832 7,160,977 5,479,585 Liabilities Payable to RiverSource Life for: Mortality and expense risk fee 3,682 10,260 3,504 5,421 3,494 Minimum death benefit guarantee risk charge Contract terminations 159 4,635 Payable for investments purchased 2,454 6,620 1,386 5,722 1,118 Total liabilities 6,295 16,880 9,525 11,143 4,612 Net assets applicable to Variable Life contracts in accumulation period 5,680,983 18,032,160 5,190,226 7,149,529 5,474,894 Net assets applicable to seed money Total net assets $5,681,061 $18,032,293 $5,190,307 $7,149,834 $5,474,973 (1) Investment shares 347, , , , ,143 (2) Investments, at cost $5,281,806 $15,654,131 $4,277,829 $7,329,547 $4,637,276 See accompanying notes to financial statements. RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT 5

8 Statements of Assets and Liabilities Dec. 31, 2012 (continued) Invesco VI Mid Cap Gro, Ser I Invesco VI Mid Cap Gro, Ser II Janus Aspen Global Tech, Serv Janus Aspen Janus, Serv Janus Aspen Overseas, Serv Assets Investments, at fair value (1),(2) $5,711,736 $2,869,987 $10,290,594 $8,140,280 $59,609,546 Dividends receivable Accounts receivable from RiverSource Life for contract purchase payments 3,569 3,904 1,546 25,714 Receivable for share redemptions 3,192 2,186 5,973 11,182 56,684 Total assets 5,718,497 2,876,077 10,298,113 8,151,462 59,691,944 Liabilities Payable to RiverSource Life for: Mortality and expense risk fee 3,192 2,186 5,973 5,434 35,708 Minimum death benefit guarantee risk charge Contract terminations 5,748 20,976 Payable for investments purchased 3,569 3,904 1,546 25,714 Total liabilities 6,761 6,090 7,519 11,182 82,398 Net assets applicable to Variable Life contracts in accumulation period 5,711,657 2,869,833 10,290,513 8,140,051 59,609,379 Net assets applicable to seed money Total net assets $5,711,736 $2,869,987 $10,290,594 $8,140,280 $59,609,546 (1) Investment shares 1,457, ,012 1,670, ,530 1,609,764 (2) Investments, at cost $5,787,597 $2,916,364 $ 8,194,698 $6,898,969 $65,433,665 Dec. 31, 2012 (continued) MFS Inv Gro Stock, Serv Cl MFS New Dis, Serv Cl MFS Utilities, Serv Cl MS UIF Global Real Est, Cl II MS UIF Mid Cap Gro, Cl II Assets Investments, at fair value (1),(2) $27,771,553 $22,215,575 $24,689,301 $10,996,802 $7,767,438 Dividends receivable Accounts receivable from RiverSource Life for contract purchase payments 7,780 11,471 3,430 4,306 Receivable for share redemptions 17,098 13,114 22,561 20,889 11,565 Total assets 27,796,431 22,240,160 24,715,292 11,017,691 7,783,309 Liabilities Payable to RiverSource Life for: Mortality and expense risk fee 17,098 13,115 16,553 7,046 5,041 Minimum death benefit guarantee risk charge Contract terminations 6,008 13,843 6,524 Payable for investments purchased 7,780 11,471 3,430 4,306 Total liabilities 24,878 24,586 25,991 20,889 15,871 Net assets applicable to Variable Life contracts in accumulation period 27,771,474 22,215,494 24,689,196 10,996,722 7,767,358 Net assets applicable to seed money Total net assets $27,771,553 $22,215,574 $24,689,301 $10,996,802 $7,767,438 (1) Investment shares 2,327,875 1,480, ,701 1,162, ,022 (2) Investments, at cost $21,782,981 $21,556,747 $23,136,572 $ 9,245,469 $8,096,076 See accompanying notes to financial statements. 6 RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT

9 Statements of Assets and Liabilities Dec. 31, 2012 (continued) Oppen Global VA, Serv Oppen Global Strategic Inc VA, Srv Oppen Main St Sm Cap VA, Serv PIMCO VIT All Asset, Advisor Cl Put VT Global Hlth Care, Cl IB Assets Investments, at fair value (1),(2) $7,555,222 $63,128,745 $6,638,890 $38,026,738 $4,269,208 Dividends receivable Accounts receivable from RiverSource Life for contract purchase payments 1,566 3,590 61, Receivable for share redemptions 27, ,134 4,538 27,717 4,137 Total assets 7,584,136 63,267,879 6,647,018 38,115,726 4,273,981 Liabilities Payable to RiverSource Life for: Mortality and expense risk fee 5,020 41,374 4,538 23,601 2,925 Minimum death benefit guarantee risk charge Contract terminations 22,328 97,760 4,116 1,212 Payable for investments purchased 1,566 3,590 61, Total liabilities 28, ,134 8,128 88,988 4,773 Net assets applicable to Variable Life contracts in accumulation period 7,554,956 63,128,669 6,638,809 38,026,738 4,269,130 Net assets applicable to seed money Total net assets $7,555,222 $63,128,745 $6,638,890 $38,026,738 $4,269,208 (1) Investment shares 234,270 10,903, ,610 3,312, ,434 (2) Investments, at cost $6,743,969 $59,047,866 $5,327,419 $36,539,124 $3,983,278 Dec. 31, 2012 (continued) Put VT Intl Eq, Cl IB Put VT Multi-Cap Gro, Cl IB VP Aggr, VP Aggr, Cl 4 VP BR Gl Infl Prot Sec, Assets Investments, at fair value (1),(2) $2,518,349 $5,764,066 $76,387,646 $255,806,185 $20,006,579 Dividends receivable Accounts receivable from RiverSource Life for contract purchase payments 1,056 22,562 59,411 2,648 Receivable for share redemptions 2,048 4,577 Total assets 2,520,397 5,769,699 76,410, ,865,596 20,009,227 Liabilities Payable to RiverSource Life for: Mortality and expense risk fee 1,873 2,683 49, ,665 12,904 Minimum death benefit guarantee risk charge Contract terminations 175 1,894 Payable for investments purchased 1,056 Total liabilities 2,048 5,633 49, ,665 12,904 Net assets applicable to Variable Life contracts in accumulation period 2,518,268 5,763,961 76,360, ,689,931 19,996,248 Net assets applicable to seed money Total net assets $2,518,349 $5,764,066 $76,360,899 $255,689,931 $19,996,323 (1) Investment shares 222, ,751 6,140,486 20,530,191 2,092,738 (2) Investments, at cost $2,970,604 $5,082,588 $68,949,883 $209,762,581 $19,997,282 See accompanying notes to financial statements. RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT 7

10 Statements of Assets and Liabilities Dec. 31, 2012 (continued) VP Conserv, VP Conserv, Cl 4 VP Mod, VP Mod, Cl 4 VP Mod Aggr, Assets Investments, at fair value (1),(2) $26,664,412 $56,952,620 $252,716,998 $707,493,711 $245,224,090 Dividends receivable Accounts receivable from RiverSource Life for contract purchase payments 20,638 92, ,549 77, Receivable for share redemptions Total assets 26,685,050 57,045, ,927, ,571, ,224,420 Liabilities Payable to RiverSource Life for: Mortality and expense risk fee 16,935 37, , , ,275 Minimum death benefit guarantee risk charge Contract terminations ,316 21, ,437 Payable for investments purchased Total liabilities 17,272 38, , , ,712 Net assets applicable to Variable Life contracts in accumulation period 26,667,768 57,007, ,676, ,075, ,951,698 Net assets applicable to seed money Total net assets $26,667,778 $57,007,532 $252,676,789 $707,075,655 $244,951,708 (1) Investment shares 2,288,791 4,888,637 20,646,814 57,754,589 19,808,085 (2) Investments, at cost $25,366,331 $52,474,595 $229,979,353 $594,805,467 $222,483,044 Dec. 31, 2012 (continued) VP Mod Aggr, Cl 4 VP Mod Conserv, VP Mod Conserv, Cl 4 VP Ptnrs Sm Cap Val, VP Sit Divd Gro, Assets Investments, at fair value (1),(2) $968,517,772 $66,208,576 $146,222,048 $15,531,131 $3,984,793 Dividends receivable Accounts receivable from RiverSource Life for contract purchase payments 150, , Receivable for share redemptions Total assets 968,517,772 66,359, ,375,960 15,531,131 3,985,473 Liabilities Payable to RiverSource Life for: Mortality and expense risk fee 665,055 43,150 96,069 11,292 2,664 Minimum death benefit guarantee risk charge Contract terminations 738,741 2, Payable for investments purchased Total liabilities 1,403,796 43,150 98,720 11,939 2,703 Net assets applicable to Variable Life contracts in accumulation period 967,113,976 66,316, ,277,230 15,519,181 3,982,693 Net assets applicable to seed money Total net assets $967,113,976 $66,316,324 $146,277,240 $15,519,192 $3,982,770 (1) Investment shares 78,106,272 5,549,755 12,225, , ,458 (2) Investments, at cost $799,881,291 $61,518,418 $129,146,878 $11,720,317 $3,405,426 See accompanying notes to financial statements. 8 RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT

11 Statements of Assets and Liabilities Dec. 31, 2012 (continued) VP Vty Estb Val, Wanger Intl Wanger USA WF Adv VT Index Asset Alloc, WF Adv VT Intl Eq, Assets Investments, at fair value (1),(2) $1,714,086 $86,239,561 $88,399,666 $4,800,033 $21,366,003 Dividends receivable Accounts receivable from RiverSource Life for contract purchase payments 274 7, Receivable for share redemptions 3,668 37,903 Total assets 1,714,360 86,247,093 88,399,666 4,804,645 21,403,906 Liabilities Payable to RiverSource Life for: Mortality and expense risk fee 1,110 55,091 57,927 3,668 11,501 Minimum death benefit guarantee risk charge Contract terminations 62 6,037 6,218 26,402 Payable for investments purchased 944 Total liabilities 1,172 61,128 64,145 4,612 37,903 Net assets applicable to Variable Life contracts in accumulation period 1,713,110 86,185,834 88,335,387 4,799,881 21,365,921 Net assets applicable to seed money Total net assets $1,713,188 $86,185,965 $88,335,521 $4,800,033 $21,366,003 (1) Investment shares 140,040 2,764,975 2,612, ,350 4,307,662 (2) Investments, at cost $1,492,576 $73,811,741 $73,800,573 $4,409,930 $20,282,835 Dec. 31, 2012 (continued) Assets WF Adv VT Opp, WF Adv VT Sm Cap Gro, Investments, at fair value (1),(2) $15,065,775 $10,251,517 Dividends receivable Accounts receivable from RiverSource Life for contract purchase payments 7,343 Receivable for share redemptions 10,466 6,988 Total assets 15,076,241 10,265,848 Liabilities Payable to RiverSource Life for: Mortality and expense risk fee 10,158 6,988 Minimum death benefit guarantee risk charge Contract terminations 308 Payable for investments purchased 7,343 Total liabilities 10,466 14,331 Net assets applicable to Variable Life contracts in accumulation period 15,065,593 10,251,367 Net assets applicable to seed money Total net assets $15,065,775 $10,251,517 (1) Investment shares 751,410 1,300,954 (2) Investments, at cost $12,670,699 $ 9,480,697 See accompanying notes to financial statements. RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT 9

12 Statements of Operations Year ended Dec. 31, 2012 Investment income AB VPS Gro & Inc, Cl B AB VPS Intl Val, Cl B AB VPS Lg Cap Gro, Cl B Dividend income $ 235,195 $ 587,601 $ 940 $ 50,607 $ 378,271 Variable account expenses 155, ,593 25,588 67, ,197 Investment income (loss) net 79, ,008 (24,648) (16,431) 186,074 Realized and unrealized gain (loss) on investments net Realized gain (loss) on sales of investments: Proceeds from sales 2,484,186 6,848,509 1,069, ,958 2,420,432 Cost of investments sold 2,607,979 8,679, , ,784 2,646,505 Net realized gain (loss) on sales of investments (123,793) (1,831,480) 121,214 1,174 (226,073) Distributions from capital gains Net change in unrealized appreciation or depreciation of investments 2,625,259 6,989, ,665 1,362,865 2,691,136 Net gain (loss) on investments 2,501,466 5,157, ,879 1,364,039 2,465,063 Net increase (decrease) in net assets resulting from operations $2,581,206 $ 5,383,890 $ 434,231 $1,347,608 $2,651,137 AC VP Intl, Cl II AC VP Val, Cl II Year ended Dec. 31, 2012 (continued) Investment income Calvert VP SRI Bal Bal, Cash Mgmt, Div Bond, Divd Opp, Dividend income $ 81,273 $ $ 7,430 $ 5,615,624 $ Variable account expenses 52,679 1,245, ,115 1,149,657 1,538,629 Investment income (loss) net 28,594 (1,245,783) (547,685) 4,465,967 (1,538,629) Realized and unrealized gain (loss) on investments net Realized gain (loss) on sales of investments: Proceeds from sales 1,858,331 22,974,591 31,675,047 23,248,390 39,727,344 Cost of investments sold 1,737,618 21,024,074 31,669,386 21,781,728 37,072,055 Net realized gain (loss) on sales of investments 120,713 1,950,517 5,661 1,466,662 2,655,289 Distributions from capital gains 3,744,873 Net change in unrealized appreciation or depreciation of investments 477,226 17,836,964 (5,661) (211,927) 23,141,233 Net gain (loss) on investments 597,939 19,787,481 4,999,608 25,796,522 Net increase (decrease) in net assets resulting from operations $ 626,533 $18,541,698 $ (547,685) $ 9,465,575 $24,257,893 Year ended Dec. 31, 2012 (continued) Investment income Emer Mkts, Global Bond, Hi Inc, Hi Yield Bond, Inc Opp, Dividend income $ 197,690 $1,128,627 $ 567,663 $4,582,425 $1,248,388 Variable account expenses 396, ,872 67, , ,960 Investment income (loss) net (199,039) 794, ,581 4,082,747 1,097,428 Realized and unrealized gain (loss) on investments net Realized gain (loss) on sales of investments: Proceeds from sales 9,923,421 8,480,885 1,550,269 9,732,763 2,884,881 Cost of investments sold 9,631,228 7,958,038 1,461,981 9,037,249 2,777,556 Net realized gain (loss) on sales of investments 292, ,847 88, , ,325 Distributions from capital gains 1,147, , ,688 Net change in unrealized appreciation or depreciation of investments 7,759, , ,084 3,851, ,185 Net gain (loss) on investments 9,198,826 1,514, ,372 4,546,756 1,369,198 Net increase (decrease) in net assets resulting from operations $8,999,787 $2,309,488 $1,085,953 $8,629,503 $2,466,626 See accompanying notes to financial statements. 10 RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT

13 Statements of Operations Year ended Dec. 31, 2012 (continued) Investment income Intl Opp, Lg Cap Gro, Lg Core Quan, Mid Cap Gro Opp, Mid Cap Val Opp, Dividend income $ 1,317,154 $ $ $ $ Variable account expenses 688, ,225 2,010,080 95,239 74,965 Investment income (loss) net 628,161 (314,225) (2,010,080) (95,239) (74,965) Realized and unrealized gain (loss) on investments net Realized gain (loss) on sales of investments: Proceeds from sales 14,433,544 8,722,032 40,276,103 2,991,371 2,084,084 Cost of investments sold 11,921,844 7,401,420 36,398,216 2,675,039 1,980,415 Net realized gain (loss) on sales of investments 2,511,700 1,320,612 3,877, , ,669 Distributions from capital gains Net change in unrealized appreciation or depreciation of investments 9,928,084 6,079,390 28,903,671 1,045,561 1,443,124 Net gain (loss) on investments 12,439,784 7,400,002 32,781,558 1,361,893 1,546,793 Net increase (decrease) in net assets resulting from operations $13,067,945 $7,085,777 $30,771,478 $1,266,654 $1,471,828 Year ended Dec. 31, 2012 (continued) Investment income S&P 500, Select Lg Cap Val, Select Sm Cap Val, US Govt Mtge, CS Commodity Return Dividend income $ $ $ $ 336,027 $ Variable account expenses 295,443 35, , , ,908 Investment income (loss) net (295,443) (35,033) (105,233) 51,734 (103,908) Realized and unrealized gain (loss) on investments net Realized gain (loss) on sales of investments: Proceeds from sales 8,925,445 1,619,163 3,967,791 9,466,248 2,610,386 Cost of investments sold 7,253,582 1,426,767 3,868,733 9,291,307 3,317,362 Net realized gain (loss) on sales of investments 1,671, ,396 99, ,941 (706,976) Distributions from capital gains Net change in unrealized appreciation or depreciation of investments 3,872, ,409 2,140,345 79, ,584 Net gain (loss) on investments 5,544, ,805 2,239, ,345 (270,392) Net increase (decrease) in net assets resulting from operations $5,248,713 $ 689,772 $2,134,170 $ 306,079 $ (374,300) Year ended Dec. 31, 2012 (continued) Investment income EV VT Floating-Rate Inc Fid VIP Contrafund, Serv Fid VIP Gro & Inc, Serv Fid VIP Mid Cap, Serv Fid VIP Overseas, Serv Dividend income $ 908,253 $ 803,115 $ 507,292 $ 240,924 $ 203,096 Variable account expenses 165, , , , ,562 Investment income (loss) net 742, , ,290 (324,817) 96,534 Realized and unrealized gain (loss) on investments net Realized gain (loss) on sales of investments: Proceeds from sales 3,690,136 10,689,943 2,445,052 6,901,496 1,413,833 Cost of investments sold 3,590,759 9,477,740 2,336,159 6,247,149 1,666,017 Net realized gain (loss) on sales of investments 99,377 1,212, , ,347 (252,184) Distributions from capital gains 234,349 12,199 4,986,998 40,315 Net change in unrealized appreciation or depreciation of investments 279,789 8,487,175 3,466,446 2,567,526 2,185,610 Net gain (loss) on investments 613,515 9,699,378 3,587,538 8,208,871 1,973,741 Net increase (decrease) in net assets resulting from operations $1,356,202 $ 9,951,808 $3,869,828 $7,884,054 $2,070,275 See accompanying notes to financial statements. RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT 11

14 Statements of Operations Year ended Dec. 31, 2012 (continued) Investment income FTVIPT Frank Global Real Est, FTVIPT Frank Sm Cap Val, FTVIPT Mutual Shares Sec, GS VIT Mid Cap Val, Inst GS VIT Structd U.S. Eq, Inst Dividend income $ $ 250,494 $ 377,466 $ 987,683 $ 570,612 Variable account expenses 363, , , , ,490 Investment income (loss) net (363,256) (4,285) 219, , ,122 Realized and unrealized gain (loss) on investments net Realized gain (loss) on sales of investments: Proceeds from sales 7,853,662 7,082,763 2,925,824 17,908,355 6,814,451 Cost of investments sold 11,457,681 6,155,354 2,959,705 17,020,195 6,749,558 Net realized gain (loss) on sales of investments (3,604,019) 927,409 (33,881) 888,160 64,893 Distributions from capital gains Net change in unrealized appreciation or depreciation of investments 14,580,211 4,268,862 2,121,256 12,666,787 3,728,717 Net gain (loss) on investments 10,976,192 5,196,271 2,087,375 13,554,947 3,793,610 Net increase (decrease) in net assets resulting from operations $10,612,936 $5,191,986 $2,307,109 $13,876,276 $4,116,732 Period ended Dec. 31, 2012 (continued) Investment income Invesco VI Div Divd, Ser I Invesco VI Intl Gro, Ser II Invesco VI Tech, Ser I Invesco VI Am Fran, Ser II (1) Invesco VI Comstock, Ser II Dividend income $ 99,360 $ 217,235 $ $ $ 79,877 Variable account expenses 36, ,185 43,622 42,950 41,734 Investment income (loss) net 63, ,050 (43,622) (42,950) 38,143 Realized and unrealized gain (loss) on investments net Realized gain (loss) on sales of investments: Proceeds from sales 1,177,807 3,158,632 1,364, ,224 1,449,457 Cost of investments sold 1,148,859 2,785,817 1,112, ,254 1,280,094 Net realized gain (loss) on sales of investments 28, , ,753 (23,030) 169,363 Distributions from capital gains Net change in unrealized appreciation or depreciation of investments 629,197 1,783, ,573 (179,713) 669,642 Net gain (loss) on investments 658,145 2,156, ,326 (202,743) 839,005 Net increase (decrease) in net assets resulting from operations $ 721,496 $2,259,316 $ 505,704 $(245,693) $ 877,148 Period ended Dec. 31, 2012 (continued) Investment income Invesco VI Mid Cap Gro, Ser I (1) Invesco VI Mid Cap Gro, Ser II (1) Janus Aspen Global Tech, Serv Janus Aspen Janus, Serv Janus Aspen Overseas, Serv Dividend income $ $ $ $ 35,992 $ 373,543 Variable account expenses 26,402 17,874 73,145 65, ,437 Investment income (loss) net (26,402) (17,874) (73,145) (29,968) (77,894) Realized and unrealized gain (loss) on investments net Realized gain (loss) on sales of investments: Proceeds from sales 1,008, ,763 2,501,177 2,078,920 15,580,663 Cost of investments sold 1,066, ,720 2,027,312 1,788,656 16,394,534 Net realized gain (loss) on sales of investments (58,491) (23,957) 473, ,264 (813,871) Distributions from capital gains 1, ,076 6,693,189 Net change in unrealized appreciation or depreciation of investments (75,861) (46,377) 1,338, ,783 1,437,845 Net gain (loss) on investments (132,534) (69,409) 1,812,315 1,322,123 7,317,163 Net increase (decrease) in net assets resulting from operations $ (158,936) $ (87,283) $1,739,170 $1,292,155 $ 7,239,269 (1) For the period April 27, 2012 (commencement of operations) to Dec. 31, See accompanying notes to financial statements. 12 RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT

15 Statements of Operations Year ended Dec. 31, 2012 (continued) Investment income MFS Inv Gro Stock, Serv Cl MFS New Dis, Serv Cl MFS Utilities, Serv Cl MS UIF Global Real Est, Cl II MS UIF Mid Cap Gro, Cl II Dividend income $ 61,715 $ $1,498,817 $ 53,269 $ Variable account expenses 208, , ,191 76,738 71,040 Investment income (loss) net (147,057) (158,810) 1,306,626 (23,469) (71,040) Realized and unrealized gain (loss) on investments net Realized gain (loss) on sales of investments: Proceeds from sales 6,112,078 5,195,538 3,798,178 1,945,734 3,827,242 Cost of investments sold 4,602,248 4,886,779 3,634,546 1,812,918 3,876,440 Net realized gain (loss) on sales of investments 1,509, , , ,816 (49,198) Distributions from capital gains 1,360,140 2,075,861 1,092,994 Net change in unrealized appreciation or depreciation of investments 1,290,137 1,727,901 1,282,117 2,367,289 (327,986) Net gain (loss) on investments 4,160,107 4,112,521 1,445,749 2,500, ,810 Net increase (decrease) in net assets resulting from operations $4,013,050 $3,953,711 $2,752,375 $2,476,636 $ 644,770 Year ended Dec. 31, 2012 (continued) Investment income Oppen Global VA, Serv Oppen Global Strategic Inc VA, Srv Oppen Main St Sm Cap VA, Serv PIMCO VIT All Asset, Advisor Cl Put VT Global Hlth Care, Cl IB Dividend income $ 136,165 $3,425,389 $ 20,392 $1,640,195 $ 49,388 Variable account expenses 56, ,873 51, ,297 32,852 Investment income (loss) net 79,633 2,945,516 (30,943) 1,395,898 16,536 Realized and unrealized gain (loss) on investments net Realized gain (loss) on sales of investments: Proceeds from sales 1,793,008 9,081, ,253 3,801,133 1,169,610 Cost of investments sold 1,751,359 8,654, ,095 3,732,500 1,148,582 Net realized gain (loss) on sales of investments 41, , ,158 68,633 21,028 Distributions from capital gains 659, ,639 Net change in unrealized appreciation or depreciation of investments 1,151,228 2,952, ,023 2,672, ,172 Net gain (loss) on investments 1,192,877 4,038, ,181 2,741, ,839 Net increase (decrease) in net assets resulting from operations $1,272,510 $6,984,463 $923,238 $4,137,473 $ 738,375 Year ended Dec. 31, 2012 (continued) Investment income Put VT Intl Eq, Cl IB Put VT Multi-Cap Gro, Cl IB VP Aggr, VP Aggr, Cl 4 VP BR Gl Infl Prot Sec, Dividend income $ 50,401 $ 14,324 $ $ $ 861,084 Variable account expenses 20,745 34, ,649 2,119, ,229 Investment income (loss) net 29,656 (20,134) (541,649) (2,119,998) 707,855 Realized and unrealized gain (loss) on investments net Realized gain (loss) on sales of investments: Proceeds from sales 364,608 1,863,417 9,975,080 41,015,468 4,162,017 Cost of investments sold 471,100 1,628,259 9,356,057 34,805,778 4,153,532 Net realized gain (loss) on sales of investments (106,492) 235, ,023 6,209,690 8,485 Distributions from capital gains 242,139 Net change in unrealized appreciation or depreciation of investments 517, ,349 7,786,469 26,605,695 (28,495) Net gain (loss) on investments 411, ,507 8,405,492 32,815, ,129 Net increase (decrease) in net assets resulting from operations $ 440,667 $ 895,373 $7,863,843 $30,695,387 $ 929,984 See accompanying notes to financial statements. RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT 13

16 Statements of Operations Year ended Dec. 31, 2012 (continued) Investment income VP Conserv, VP Conserv, Cl 4 VP Mod, VP Mod, Cl 4 VP Mod Aggr, Dividend income $ $ $ $ $ Variable account expenses 151, ,040 1,697,407 5,506,810 1,734,003 Investment income (loss) net (151,393) (391,040) (1,697,407) (5,506,810) (1,734,003) Realized and unrealized gain (loss) on investments net Realized gain (loss) on sales of investments: Proceeds from sales 6,388,952 14,167,934 11,624,483 67,368,297 12,660,427 Cost of investments sold 6,106,752 13,182,713 10,904,729 58,232,463 11,803,036 Net realized gain (loss) on sales of investments 282, , ,754 9,135, ,391 Distributions from capital gains Net change in unrealized appreciation or depreciation of investments 1,027,463 2,415,711 20,195,714 60,369,194 22,784,941 Net gain (loss) on investments 1,309,663 3,400,932 20,915,468 69,505,028 23,642,332 Net increase (decrease) in net assets resulting from operations $1,158,270 $ 3,009,892 $19,218,061 $63,998,218 $21,908,329 Year ended Dec. 31, 2012 (continued) Investment income VP Mod Aggr, Cl 4 VP Mod Conserv, VP Mod Conserv, Cl 4 VP Ptnrs Sm Cap Val, VP Sit Divd Gro, Dividend income $ $ $ $ $ Variable account expenses 7,959, ,100 1,042, ,081 31,601 Investment income (loss) net (7,959,419) (438,100) (1,042,728) (132,081) (31,601) Realized and unrealized gain (loss) on investments net Realized gain (loss) on sales of investments: Proceeds from sales 123,708,792 8,610,369 18,960,337 2,249, ,158 Cost of investments sold 105,773,011 8,139,777 16,990,156 1,793, ,978 Net realized gain (loss) on sales of investments 17,935, ,592 1,970, , ,180 Distributions from capital gains Net change in unrealized appreciation or depreciation of investments 92,258,366 3,954,662 9,065,619 1,493, ,696 Net gain (loss) on investments 110,194,147 4,425,254 11,035,800 1,948, ,876 Net increase (decrease) in net assets resulting from operations $102,234,728 $3,987,154 $ 9,993,072 $1,816,849 $359,275 Year ended Dec. 31, 2012 (continued) Investment income VP Vty Estb Val, Wanger Intl Wanger USA WF Adv VT Index Asset Alloc, WF Adv VT Intl Eq, Dividend income $ $ 1,016,733 $ 272,322 $ 68,356 $ 283,145 Variable account expenses 12, , ,477 42, ,051 Investment income (loss) net (12,936) 358,480 (424,155) 26, ,094 Realized and unrealized gain (loss) on investments net Realized gain (loss) on sales of investments: Proceeds from sales 633,670 16,586,931 16,011, ,596 6,351,893 Cost of investments sold 574,356 13,894,949 13,486, ,639 5,809,263 Net realized gain (loss) on sales of investments 59,314 2,691,982 2,524,304 41, ,630 Distributions from capital gains 7,788,747 4,288,599 1,412,009 Net change in unrealized appreciation or depreciation of investments 189,965 4,945,627 8,764, , ,391 Net gain (loss) on investments 249,279 15,426,356 15,577, ,376 2,416,030 Net increase (decrease) in net assets resulting from operations $236,343 $15,784,836 $15,152,995 $514,430 $2,554,124 See accompanying notes to financial statements. 14 RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT

17 Statements of Operations Year ended Dec. 31, 2012 (continued) Investment income WF Adv VT Opp, WF Adv VT Sm Cap Gro, Dividend income $ 14,640 $ Variable account expenses 128,207 88,797 Investment income (loss) net (113,567) (88,797) Realized and unrealized gain (loss) on investments net Realized gain (loss) on sales of investments: Proceeds from sales 5,192,836 2,386,462 Cost of investments sold 4,596,228 2,090,701 Net realized gain (loss) on sales of investments 596, ,761 Distributions from capital gains 5, ,059 Net change in unrealized appreciation or depreciation of investments 1,784,237 49,559 Net gain (loss) on investments 2,386, ,379 Net increase (decrease) in net assets resulting from operations $2,272,647 $ 769,582 See accompanying notes to financial statements. RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT 15

18 Statements of Changes in Net Assets Year ended Dec. 31, 2012 Operations AB VPS Gro & Inc, Cl B AB VPS Intl Val, Cl B AB VPS Lg Cap Gro, Cl B Investment income (loss) net $ 79,740 $ 226,008 $ (24,648) $ (16,431) $ 186,074 Net realized gain (loss) on sales of investments (123,793) (1,831,480) 121,214 1,174 (226,073) Distributions from capital gains Net change in unrealized appreciation or depreciation of investments 2,625,259 6,989, ,665 1,362,865 2,691,136 Net increase (decrease) in net assets resulting from operations 2,581,206 5,383, ,231 1,347,608 2,651,137 Contract transactions Contract purchase payments 1,595,656 4,898, , ,650 2,000,265 Net transfers (1) (517,964) (4,176,572) (111,476) (380,565) (768,269) Transfers for policy loans (159,847) (292,162) (17,266) (60,845) (200,042) Policy charges (586,136) (1,668,514) (92,965) (283,510) (747,696) Surrender benefits (962,136) (2,578,347) (96,598) (230,073) (924,225) Death benefits (4,575) (3,526) Increase (decrease) from contract transactions (630,427) (3,822,035) (144,811) (199,343) (643,493) Net assets at beginning of year 16,063,255 42,487,312 2,715,984 6,922,043 20,093,357 Net assets at end of year $18,014,034 $44,049,167 $3,005,404 $8,070,308 $22,101,001 Accumulation unit activity Units outstanding at beginning of year 13,733,120 34,962,284 2,718,909 5,331,377 14,656,264 Contract purchase payments 1,240,840 3,864, , ,440 1,353,143 Net transfers (1) (477,669) (3,344,210) (63,270) (274,520) (536,179) Transfers for policy loans (124,802) (224,993) (12,202) (42,918) (134,336) Policy charges (455,038) (1,309,479) (86,280) (201,331) (505,480) Surrender benefits (745,010) (2,011,615) (81,701) (165,188) (626,617) Death benefits (3,558) (2,413) Units outstanding at end of year 13,171,441 31,932,992 2,641,466 5,183,860 14,204,382 (1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life s fixed account. See accompanying notes to financial statements. AC VP Intl, Cl II AC VP Val, Cl II 16 RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT

19 Statements of Changes in Net Assets Year ended Dec. 31, 2012 (continued) Operations Calvert VP SRI Bal Bal, Cash Mgmt, Div Bond, Divd Opp, Investment income (loss) net $ 28,594 $ (1,245,783) $ (547,685) $ 4,465,967 $ (1,538,629) Net realized gain (loss) on sales of investments 120,713 1,950,517 5,661 1,466,662 2,655,289 Distributions from capital gains 3,744,873 Net change in unrealized appreciation or depreciation of investments 477,226 17,836,964 (5,661) (211,927) 23,141,233 Net increase (decrease) in net assets resulting from operations 626,533 18,541,698 (547,685) 9,465,575 24,257,893 Contract transactions Contract purchase payments 465,953 11,106,213 12,089,583 8,836,010 14,944,617 Net transfers (1) (146,717) (5,409,255) (4,775,679) 5,055,902 (20,850,368) Transfers for policy loans (129,616) (437,839) 2,345,236 (846,392) (1,430,122) Policy charges (254,636) (12,406,566) (8,101,455) (7,588,563) (7,764,573) Surrender benefits (492,553) (9,509,194) (12,998,658) (10,322,003) (11,669,630) Death benefits (180,566) (736,796) (149,312) (74,655) Increase (decrease) from contract transactions (557,569) (16,837,207) (12,177,769) (5,014,358) (26,844,731) Net assets at beginning of year 6,573, ,354,271 80,168, ,170, ,142,462 Net assets at end of year $6,642,258 $147,058,762 $ 67,443,359 $148,621,591 $190,555,624 Accumulation unit activity Units outstanding at beginning of year 5,586, ,362,328 73,315,734 91,587, ,361,424 Contract purchase payments 372,656 9,164,408 11,044,159 5,373,219 9,009,087 Net transfers (1) (287,775) (5,132,564) (3,505,273) 5,172,718 (12,645,030) Transfers for policy loans (99,535) (361,525) 2,322,395 (536,422) (855,975) Policy charges (200,804) (10,291,929) (7,444,765) (4,647,691) (4,669,802) Surrender benefits (361,635) (7,788,542) (12,272,053) (6,677,280) (7,016,638) Death benefits (132,374) (671,115) (100,954) (45,674) Units outstanding at end of year 5,008, ,819,802 62,789,082 90,170, ,137,392 (1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life s fixed account. See accompanying notes to financial statements. RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT 17

20 Statements of Changes in Net Assets Year ended Dec. 31, 2012 (continued) Operations Emer Mkts, Global Bond, Hi Inc, Hi Yield Bond, Inc Opp, Investment income (loss) net $ (199,039) $ 794,755 $ 500,581 $ 4,082,747 $ 1,097,428 Net realized gain (loss) on sales of investments 292, ,847 88, , ,325 Distributions from capital gains 1,147, , ,688 Net change in unrealized appreciation or depreciation of investments 7,759, , ,084 3,851, ,185 Net increase (decrease) in net assets resulting from operations 8,999,787 2,309,488 1,085,953 8,629,503 2,466,626 Contract transactions Contract purchase payments 3,826,412 2,257, ,540 3,539,263 1,083,701 Net transfers (1) (3,604,230) (1,276,805) 459,951 2,578,920 2,844,653 Transfers for policy loans (552,322) (370,727) (72,429) (530,026) (138,055) Policy charges (1,642,238) (1,530,871) (233,368) (2,591,870) (655,303) Surrender benefits (2,636,726) (2,662,214) (424,883) (3,589,827) (1,250,529) Death benefits (5,739) (15,360) (17,534) (6) Increase (decrease) from contract transactions (4,614,843) (3,598,229) 329,811 (611,074) 1,884,461 Net assets at beginning of year 48,289,487 43,579,592 7,556,824 58,824,142 16,654,984 Net assets at end of year $52,674,431 $42,290,851 $8,972,588 $66,842,571 $21,006,071 Accumulation unit activity Units outstanding at beginning of year 23,395,839 25,721,567 5,445,584 31,904,567 11,167,581 Contract purchase payments 1,702,555 1,260, ,682 1,778, ,263 Net transfers (1) (1,286,187) 222, ,720 1,460,308 1,718,464 Transfers for policy loans (251,291) (229,390) (45,480) (266,956) (84,019) Policy charges (735,598) (887,352) (157,219) (1,309,607) (408,204) Surrender benefits (1,205,011) (1,681,331) (279,289) (1,825,172) (778,506) Death benefits (2,673) (9,523) (8,599) (4) Units outstanding at end of year 21,617,634 24,397,725 5,617,998 31,732,831 12,296,575 (1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life s fixed account. See accompanying notes to financial statements. 18 RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT

21 Statements of Changes in Net Assets Year ended Dec. 31, 2012 (continued) Operations Intl Opp, Lg Cap Gro, Lg Core Quan, Mid Cap Gro Opp, Mid Cap Val Opp, Investment income (loss) net $ 628,161 $ (314,225) $ (2,010,080) $ (95,239) $ (74,965) Net realized gain (loss) on sales of investments 2,511,700 1,320,612 3,877, , ,669 Distributions from capital gains Net change in unrealized appreciation or depreciation of investments 9,928,084 6,079,390 28,903,671 1,045,561 1,443,124 Net increase (decrease) in net assets resulting from operations 13,067,945 7,085,777 30,771,478 1,266,654 1,471,828 Contract transactions Contract purchase payments 5,678,533 2,925,241 20,356,324 1,013, ,345 Net transfers (1) (5,862,583) (2,457,443) (9,894,588) (915,806) (998,418) Transfers for policy loans (352,703) (460,380) (845,139) (169,850) (91,505) Policy charges (5,119,119) (1,494,642) (19,534,353) (560,778) (287,041) Surrender benefits (5,726,912) (2,835,810) (17,751,695) (766,333) (355,336) Death benefits (60,862) (5,308) (166,815) (5,545) Increase (decrease) from contract transactions (11,443,646) (4,328,342) (27,836,266) (1,405,243) (1,020,955) Net assets at beginning of year 84,057,834 37,920, ,318,826 12,264,947 8,777,465 Net assets at end of year $ 85,682,133 $40,677,598 $245,254,038 $12,126,358 $ 9,228,338 Accumulation unit activity Units outstanding at beginning of year 93,911,977 61,059, ,660,099 8,628,313 7,409,198 Contract purchase payments 5,915,701 4,204,302 21,295, , ,119 Net transfers (1) (6,919,172) (7,021,417) (18,349,785) (747,052) (851,682) Transfers for policy loans (356,559) (669,339) (754,603) (106,671) (69,941) Policy charges (5,408,317) (2,007,779) (21,171,703) (357,010) (223,743) Surrender benefits (5,947,841) (3,727,135) (18,363,439) (459,036) (254,457) Death benefits (69,649) (2,971) (174,626) (2,697) Units outstanding at end of year 81,126,140 51,835, ,141,693 7,627,169 6,577,494 (1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life s fixed account. See accompanying notes to financial statements. RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT 19

22 Statements of Changes in Net Assets Year ended Dec. 31, 2012 (continued) Operations S&P 500, Select Lg Cap Val, Select Sm Cap Val, US Govt Mtge, CS Commodity Return Investment income (loss) net $ (295,443) $ (35,033) $ (105,233) $ 51,734 $ (103,908) Net realized gain (loss) on sales of investments 1,671, ,396 99, ,941 (706,976) Distributions from capital gains Net change in unrealized appreciation or depreciation of investments 3,872, ,409 2,140,345 79, ,584 Net increase (decrease) in net assets resulting from operations 5,248, ,772 2,134, ,079 (374,300) Contract transactions Contract purchase payments 2,704, , ,770 2,328, ,975 Net transfers (1) (718,902) (268,487) (1,765,159) 444,218 (34,421) Transfers for policy loans (344,457) (43,024) (138,793) 414,852 (128,818) Policy charges (1,513,486) (128,763) (593,369) (2,275,876) (370,175) Surrender benefits (2,911,551) (206,524) (774,879) (3,254,795) (740,899) Death benefits (15,358) Increase (decrease) from contract transactions (2,783,792) (331,314) (2,312,430) (2,358,395) (305,338) Net assets at beginning of year 36,939,577 4,074,010 13,370,994 38,244,184 13,973,348 Net assets at end of year $39,404,498 $4,432,468 $13,192,734 $36,191,868 $13,293,710 Accumulation unit activity Units outstanding at beginning of year 35,680,029 3,617,952 9,163,342 30,293,428 14,524,657 Contract purchase payments 2,403, , ,908 1,819,391 1,052,594 Net transfers (1) (2,572,109) (318,370) (1,262,721) 925,074 (406,671) Transfers for policy loans (300,020) (36,662) (84,505) 317,513 (124,888) Policy charges (1,312,549) (104,271) (368,616) (1,788,251) (387,928) Surrender benefits (2,429,936) (160,422) (468,828) (2,666,275) (745,599) Death benefits (12,905) Units outstanding at end of year 31,468,440 3,258,751 7,584,580 28,887,975 13,912,165 (1) Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life s fixed account. See accompanying notes to financial statements. 20 RIVERSOURCE SINGLE PREMIUM VARIABLE LIFE INSURANCE 2012 ANNUAL REPORT