Summary
Ameriprise Financial, Inc. filed an 8-K report on October 27, 2010, to announce its financial results for the third quarter of 2010. The report primarily focuses on presenting the company's performance, including both Generally Accepted Accounting Principles (GAAP) and various non-GAAP adjusted measures. These non-GAAP measures are detailed to provide a clearer view of the company's core operations by excluding items such as the impact of consolidating certain investment entities (CIEs), integration charges, and realized gains or losses. Investors should note that the company emphasizes its non-GAAP reporting to offer a more meaningful trend analysis and better reflect underlying performance, particularly for 2010 and 2009. Management utilizes these adjusted metrics for performance evaluation, business planning, and compensation. The report also provides supplementary financial information through a Statistical Supplement, offering a deeper dive into the company's financial condition and operational metrics for the quarter ended September 30, 2010.
Key Highlights
- 1Ameriprise Financial, Inc. (AMP) announced its third quarter 2010 financial results via an 8-K filing on October 27, 2010.
- 2The filing includes a press release (Exhibit 99.1) detailing the quarterly financial performance.
- 3A Statistical Supplement (Exhibit 99.2) provides further detailed financial information for the quarter ended September 30, 2010.
- 4The company presents financial results on both a GAAP basis and various non-GAAP adjusted bases.
- 5Non-GAAP measures are used to exclude impacts from consolidating certain investment entities (CIEs), integration charges, and realized gains/losses.
- 6Management believes non-GAAP measures better reflect underlying core operations and facilitate trend analysis.
- 7The Chief Financial Officer, Walter S. Berman, signed the report.