Summary
This is an amendment to a previous 8-K filing by Ameriprise Financial Inc. (AMP) dated October 24, 2005. The amendment corrects two specific data points within the Quarterly Statistical Supplement for the period ending September 30, 2005. The primary correction pertains to the 'Return on equity before discontinued operations' which was revised for the third quarter of 2005 to 9.8% from a previously stated incorrect figure. Additionally, the filing provides the 'Effective tax rate' for various quarters, which was omitted from the original supplement. For investors, these corrections are important for accurately assessing the company's profitability and financial performance. The revised Return on Equity figure provides a more precise measure of how effectively the company is generating profits from shareholder equity. The inclusion of the Effective Tax Rate is crucial for understanding the company's tax expenses and their impact on net income, allowing for better comparative analysis across periods and against peers.
Key Highlights
- 1Amendment to a previous 8-K filing, correcting previously reported financial data.
- 2Corrected 'Return on equity before discontinued operations' for Q3 2005 to 9.8%.
- 3Provided the 'Effective tax rate' for various quarters, which was previously omitted.
- 4The corrected Return on Equity data offers a more accurate view of shareholder equity profitability.
- 5The inclusion of the Effective Tax Rate enhances the understanding of the company's tax impact on earnings.
- 6This filing ensures the accuracy of the Quarterly Statistical Supplement for the period ending September 30, 2005.