What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to inform investors about changes in Ameriprise Financial's internal financial reporting for segment information. This includes the implementation of a new automated reporting process, enhanced allocation methodologies, and a reclassification of a subsidiary, aimed at improving transparency and comparability of financial results.

How will the new reporting process affect reported financial results?

The new automated reporting process and enhanced allocation methodologies will affect how Ameriprise reports its segment information. While consolidated financial statements remain unchanged, the reporting of its two main operating segments, Asset Accumulation and Income (AA&I) and Protection, will be reallocated for 2005 and going forward. The company is also providing 'adjusted' financial information that excludes certain non-recurring items to better reflect ongoing operations.

Why was Securities America Financial Corporation (SAFC) moved to the AA&I segment?

SAFC was moved from the 'Corporate and Other' segment to the 'Asset Accumulation and Income (AA&I)' segment because management believes it plays an increasingly important role in Ameriprise's third-party distribution strategy. This reclassification better aligns SAFC's operations with the company's core asset accumulation and income-generating activities.

What does 'adjusted' financial information exclude and why is it provided?

The 'adjusted' financial information excludes items such as discontinued operations, non-recurring separation costs (related to its separation from American Express), and AMEX Assurance. Management believes presenting these adjusted measures provides a clearer view of the underlying performance of Ameriprise's ongoing operations, making trend analysis more meaningful and comparable to industry peers.

AMP 8-K: Regulation FD — Apr 10, 2006

Summary

Ameriprise Financial Inc. (AMP) filed an 8-K on April 10, 2006, to disclose significant changes in its financial reporting for segment information. The company has implemented a new automated internal business unit revenue and expense reporting process, enhancing its allocation methodologies. This change, effective from the first quarter of 2006, will be applied retroactively to 2005 segment data to improve transparency and comparability. Consolidated financial statements remain unaffected by these internal reporting adjustments. The filing also highlights the reclassification of its subsidiary, Securities America Financial Corporation (SAFC), from the "Corporate and Other and Eliminations" segment to the "Asset Accumulation and Income (AA&I)" segment. This strategic move reflects SAFC's growing importance in Ameriprise's third-party distribution strategy. Furthermore, the company is providing pro forma "adjusted" consolidated and segment financial information for 2005, excluding discontinued operations, non-recurring separation costs, and AMEX Assurance, to better reflect ongoing operational performance and facilitate trend analysis. These adjusted measures are consistent with prior reporting practices and are used internally for performance evaluation and compensation.

Key Highlights

1Ameriprise Financial implemented a new automated internal reporting process for revenue and expenses, enhancing allocation methodologies starting Q1 2006.
22005 segment information will be reallocated to reflect the new methodologies and improve transparency and comparability with Q1 2006 results.
3Securities America Financial Corporation (SAFC) has been reclassified from "Corporate and Other" to the "Asset Accumulation and Income (AA&I)" segment.
4This reclassification of SAFC reflects its increasing strategic role in the company's third-party distribution efforts.
5The company is providing pro forma "adjusted" consolidated and segment financial data for 2005, excluding specific items like separation costs and AMEX Assurance.
6The adjusted financial information aims to better represent the underlying performance of ongoing operations and facilitate trend analysis.
7These reporting changes will be officially reflected in future SEC filings, commencing with the Form 10-Q for the quarter ended March 31, 2006.

AMERIPRISE FINANCIAL INC 8-K Report, Regulation FD Disclosure (Apr 10, 2006)

Summary

Key Highlights

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