8-KEarnings & ResultsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jan 25, 2007)

Filed January 25, 2007For Securities:AMP

Summary

Ameriprise Financial, Inc. filed an 8-K on January 25, 2007, to report its fourth-quarter 2006 financial results. The filing includes a press release and a statistical supplement detailing these results, adhering to Generally Accepted Accounting Principles (GAAP). Significantly, the company also provided non-GAAP adjusted figures that exclude items related to its separation from American Express Company, such as discontinued operations, AMEX Assurance, and non-recurring separation costs. Management utilizes these non-GAAP measures to better reflect the performance of ongoing operations and for comparison with industry analysts. The report also details specific adjustments made to debt-to-capital ratios, excluding certain nonrecourse debt and incorporating equity credit for junior subordinated notes.

Key Highlights

  • 1Ameriprise Financial announced its fourth-quarter 2006 financial results via an 8-K filing on January 25, 2007.
  • 2The filing incorporates a press release (Exhibit 99.1) and a Statistical Supplement (Exhibit 99.2) for the period ended December 31, 2006.
  • 3The company presents financial results on both a GAAP and non-GAAP adjusted basis.
  • 4Non-GAAP measures are adjusted to exclude the impact of discontinued operations, AMEX Assurance, and separation costs from American Express.
  • 5Management uses these non-GAAP figures to assess ongoing operational performance and for comparability with industry analysts.
  • 6The report also outlines adjustments to debt-to-capital ratios, excluding certain nonrecourse debt.
  • 7Equity credit for junior subordinated notes issued in May 2006 is also considered in capital structure presentations.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report Ameriprise Financial's financial results for the fourth quarter of 2006, as announced in their press release and detailed in their statistical supplement.

Ameriprise Financial provides non-GAAP financial measures to exclude items directly related to their separation from American Express, such as discontinued operations, AMEX Assurance, and separation costs. Management believes these adjusted figures better represent the underlying performance of their ongoing operations and facilitate trend analysis and comparison with industry analysts.

The debt-to-capital ratios are presented in a way that excludes the effect of certain nonrecourse debt, including that from a collateralized debt obligation and certain property fund limited partnerships managed by Threadneedle Asset Management. Additionally, the company provides ratios that reflect equity credit for junior subordinated notes issued in May 2006.

The exhibits include a press release dated January 25, 2007, announcing the fourth-quarter 2006 financial results (Exhibit 99.1), and a Statistical Supplement for the quarterly period ended December 31, 2006 (Exhibit 99.2).