8-KEarnings & ResultsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Apr 25, 2011)

Filed April 25, 2011For Securities:AMP

Summary

Ameriprise Financial, Inc. (AMP) filed an 8-K on April 25, 2011, to report its financial results for the first quarter of 2011. The filing primarily consists of a press release and a statistical supplement announcing these results. Investors should note that the company provides financial information on both Generally Accepted Accounting Principles (GAAP) and non-GAAP adjusted bases. The non-GAAP measures are used by management to offer a clearer view of the company's core operations by excluding items such as the impact of consolidating certain investment entities (CIEs), integration/restructuring charges, market impacts on variable annuity guarantees, realized gains/losses, and specific legal expenses. Management believes these adjusted figures provide a more meaningful trend analysis and are used for business planning and compensation. This report directs investors to the attached exhibits for detailed financial performance and capital structure metrics.

Key Highlights

  • 1Ameriprise Financial announced its first quarter 2011 financial results via an 8-K filing on April 25, 2011.
  • 2The company utilizes both GAAP and non-GAAP financial reporting measures.
  • 3Non-GAAP measures are presented to exclude specific items like consolidated investment entities (CIEs), restructuring charges, and market impacts on certain guarantees.
  • 4Management believes non-GAAP figures better reflect underlying core operations and facilitate trend analysis.
  • 5Key non-GAAP metrics include adjusted operating earnings, adjusted revenues, and various capital structure measures.
  • 6The filing incorporates by reference a press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2) for detailed financial information.
  • 7The Chief Financial Officer, Walter S. Berman, signed the report.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce Ameriprise Financial's financial results for the first quarter of 2011. It incorporates by reference a press release and a statistical supplement that contain the detailed financial information.

Ameriprise Financial uses non-GAAP financial measures to provide a clearer view of its underlying core operations and facilitate more meaningful trend analysis. These measures exclude certain items that management believes do not accurately reflect the ongoing performance of the business, such as the impact of consolidating certain investment entities (CIEs), restructuring charges, and specific market impacts.

The non-GAAP financial measures presented by Ameriprise Financial exclude items such as the impact of consolidating certain investment entities (CIEs), integration/restructuring charges, market impact on variable annuity guaranteed living benefits, realized gains (losses), and Securities America legal expenses. For capital structure measures, they also exclude accumulated other comprehensive income (loss), non-recourse debt, fair value of hedges, and unamortized discount.

The detailed financial results and statistical information for the first quarter ended March 31, 2011, are provided in the press release (Exhibit 99.1) and the statistical supplement (Exhibit 99.2) that are furnished as part of this 8-K filing.