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.