The company also benefits from market volatility within its advisory business line. The ratings also consider Ameriprise's broad multi-platform network of financial advisers and well-developed ERM program, which continues to improve year-over-year. The company has managed its legacy variable annuity (VA) guarantees through the use of hedges and adoption of SSAP 108 on VA statutory hedge accounting that better align reported hedge gains (and losses) to changes in reserves. At the holding company level, Ameriprise maintains moderate financial leverage of approximately 33% with solid interest coverage as of second quarter 2019. Both measures are within AM Best's guidelines for Ameriprise's current ratings. AM Best notes that Ameriprise's earnings remain highly correlated to movements in interest rates and equity markets.