8-KEarnings & ResultsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jan 26, 2006)

Filed January 26, 2006For Securities:AMP

Summary

Ameriprise Financial, Inc. (AMP) filed an 8-K on January 26, 2006, to report its financial results for the fourth quarter and full year of 2005. The filing includes a press release (Exhibit 99.1) detailing these results and a Quarterly Statistical Supplement (Exhibit 99.2) for the period ending December 31, 2005. Of particular note for investors, the press release introduces and utilizes several non-GAAP financial measures, including "adjusted earnings," "adjusted revenues," and "adjusted expenses." These adjusted figures are presented to provide a clearer view of the company's ongoing operational performance by excluding items such as the cumulative effect of accounting changes, discontinued operations, AMEX Assurance, and non-recurring separation costs from American Express Company (AXP). The company believes these non-GAAP measures offer a more insightful perspective than standard GAAP reporting.

Key Highlights

  • 1Ameriprise Financial announced its fourth quarter and full-year 2005 financial results via an 8-K filing.
  • 2The filing incorporates a press release detailing these financial outcomes.
  • 3A Quarterly Statistical Supplement for the period ending December 31, 2005, is also provided.
  • 4The company is utilizing and referencing non-GAAP financial measures, such as 'adjusted earnings,' 'adjusted revenues,' and 'adjusted expenses.'
  • 5These non-GAAP measures aim to exclude specific items like accounting changes, discontinued operations, AMEX Assurance, and separation costs from American Express (AXP).
  • 6Ameriprise believes these 'adjusted' figures offer a more indicative view of operating performance to investors.
  • 7The filing clarifies the impact of separation costs from American Express on financial results.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report Ameriprise Financial's financial results for the fourth quarter and the full fiscal year of 2005, as announced in a press release.

The key non-GAAP financial measures mentioned are 'adjusted earnings,' 'adjusted revenues,' and 'adjusted expenses,' along with related per diluted share data. The filing also refers to measures 'before separation costs' and 'after-tax separation costs.'

Ameriprise Financial is using these non-GAAP measures because they believe these metrics are more indicative of the company's ongoing operating performance than the most directly comparable GAAP financial measures. They exclude specific items that are considered non-recurring or one-time.

The 'adjusted' financial measures exclude the cumulative effect of accounting changes, discontinued operations, AMEX Assurance, and non-recurring costs associated with the company's separation from American Express Company (AXP).