8-KEarnings & ResultsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Oct 21, 2009)

Filed October 21, 2009For Securities:AMP

Summary

Ameriprise Financial, Inc. filed an 8-K on October 21, 2009, to report its financial results for the third quarter of 2009. The report primarily consists of a press release and a statistical supplement detailing these results. Investors should note that the company presented its financial data on both a Generally Accepted Accounting Principles (GAAP) basis and a non-GAAP adjusted basis. The non-GAAP measures exclude items such as after-tax market-related impacts and integration charges, which management believes provide a clearer view of underlying operational performance and facilitate trend analysis. Specific non-GAAP metrics highlighted include core operating earnings, net investment gains/losses, integration charges, and various earnings and margin metrics. The company also provided specific disclosures regarding its debt-to-capital ratios, excluding certain non-recourse debt and including an equity credit for junior subordinated notes, to better represent its capital structure. Investors are encouraged to review both the GAAP and non-GAAP figures, as well as the specific adjustments made, to gain a comprehensive understanding of the company's financial condition and performance. The Chief Financial Officer, Walter S. Berman, signed the report, underscoring the official nature of these financial disclosures.

Key Highlights

  • 1Ameriprise Financial reported its Q3 2009 financial results via an 8-K filing on October 21, 2009.
  • 2The filing includes a press release and a statistical supplement for the quarter ended September 30, 2009.
  • 3The company provided financial results on both GAAP and a non-GAAP adjusted basis.
  • 4Non-GAAP measures exclude items such as market-related impacts and integration charges to highlight underlying performance.
  • 5Key non-GAAP metrics disclosed include core operating earnings, net investment gains/losses, and integration charges.
  • 6Specific adjustments were made to debt-to-capital ratios, excluding certain non-recourse debt for a better capital structure representation.
  • 7The report was signed by Walter S. Berman, Executive Vice President and Chief Financial Officer.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce and provide details on Ameriprise Financial's financial results for the third quarter of 2009. It includes a press release and a statistical supplement that offer a comprehensive view of the company's performance during that period.

Ameriprise presents both GAAP and non-GAAP results because management believes that excluding certain items, such as after-tax market-related impacts and integration charges, provides a clearer picture of the company's underlying operational performance. These non-GAAP measures are used internally for performance evaluation and goal setting, and they are intended to facilitate a more meaningful trend analysis for investors and analysts.

The filing mentions several non-GAAP measures, including core operating earnings, after-tax net investment gains/losses, after-tax integration charges, DAC and DSIC charges, and various earnings and margin metrics. These adjustments are made to reflect the company's ongoing business operations more effectively, excluding one-time or market-driven impacts.

Ameriprise provides debt-to-capital ratios that are adjusted to better reflect its capital structure. This includes excluding the effect of certain non-recourse collateralized debt obligations and non-recourse debt from property funds. Additionally, they provide information on debt-to-capital ratios that reflect an equity credit on their junior subordinated notes.