8-KEarnings & ResultsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Oct 24, 2007)

Filed October 24, 2007For Securities:AMP

Summary

Ameriprise Financial, Inc. (AMP) filed an 8-K on October 24, 2007, to report its third-quarter 2007 financial results. The filing highlights the company's performance and financial condition, including details on both Generally Accepted Accounting Principles (GAAP) and non-GAAP adjusted figures. A key focus in the report is the ongoing impact of separation costs from its previous affiliation with American Express Company, which management has excluded from certain non-GAAP metrics to provide a clearer view of the underlying operational performance and trends.

Key Highlights

  • 1The 8-K filing reports Ameriprise Financial's third-quarter 2007 financial results.
  • 2The company is presenting financial information on both a GAAP and a non-GAAP adjusted basis.
  • 3Non-GAAP metrics exclude separation costs related to the company's separation from American Express.
  • 4Management uses these non-GAAP measures to better reflect underlying performance and facilitate trend analysis.
  • 5The report includes specific non-GAAP financial measures such as adjusted earnings and consolidated income statements excluding separation costs.
  • 6The filing also provides information on debt-to-capital ratios, excluding certain non-recourse debt related to variable interest entities and property fund limited partnerships.
  • 7A Statistical Supplement (Exhibit 99.2) accompanies the press release with detailed quarterly data.

Frequently Asked Questions

This 8-K filing is primarily to report Ameriprise Financial's financial results for the third quarter of 2007, along with accompanying press releases and statistical supplements.

Ameriprise is reporting on a non-GAAP basis to exclude 'separation costs' incurred from its recent separation from American Express. Management believes these non-GAAP figures offer a better representation of the company's ongoing operational performance and trends.

The non-GAAP figures exclude costs directly resulting from the separation from American Express Company. These are referred to as 'non-recurring separation costs'.

The company is presenting debt-to-capital ratios that exclude the impact of certain non-recourse debt, including that related to variable interest entities and property fund limited partnerships. They also provide ratios reflecting equity credit on junior subordinated notes.