Summary
Ameriprise Financial Inc. filed a Form 8-K on November 17, 2005, to provide updated and corrected information regarding its ratios of earnings to fixed charges. This filing specifically addresses and corrects information previously presented in a Registration Statement on Form 10 and a related Information Statement. The report presents these ratios for the nine-month period ended September 30, 2005, and for the preceding five years, both before and after classifying American Express International Deposit Company as a discontinued operation effective August 1, 2005. Investors should note the presented ratios, which indicate a strong ability to cover fixed charges. For the nine months ended September 30, 2005, the ratio was 9.4x after accounting for discontinued operations, and 10.2x before. The historical data shows generally robust ratios, though a notable dip to 1.4x and 1.8x in 2001, before recovering significantly in subsequent years. This filing serves to ensure the accuracy of financial disclosures related to the company's debt servicing capabilities.
Key Highlights
- 1Filing corrects and updates the 'Ratio of Earnings to Fixed Charges' for Ameriprise Financial Inc.
- 2Provides ratios for the nine-month period ended September 30, 2005, and the five years prior.
- 3Presents two sets of ratios: one reflecting the classification of American Express International Deposit Company as discontinued operations (effective Aug 1, 2005), and one before this classification.
- 4Ratio of earnings to fixed charges for the nine months ended Sep 30, 2005, was 9.4x (after discontinued operations) and 10.2x (before).
- 5Historical ratios generally show strong coverage, with notable fluctuations in 2001 (1.4x and 1.8x) followed by significant recovery.
- 6The purpose of the filing is to correct information previously provided in a Form 10 Registration Statement and related Information Statement.
- 7Exhibit 99.1, incorporated by reference, details the computation of these ratios.