Summary
Ameriprise Financial, Inc. filed an 8-K report on July 27, 2011, to announce its financial results for the second quarter ended June 30, 2011. The report primarily references a press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2) containing detailed financial information. Investors should note that the company presents its results on both Generally Accepted Accounting Principles (GAAP) and a non-GAAP adjusted basis.
Key Highlights
- 1Ameriprise Financial reported its Q2 2011 financial results on July 27, 2011.
- 2The company provided both GAAP and non-GAAP financial information for the quarter.
- 3Non-GAAP measures are used by management to reflect underlying core operations and facilitate trend analysis.
- 4Key non-GAAP adjustments include excluding the impact of consolidating certain investment entities (CIEs), integration/restructuring charges, and market impacts on variable annuity guaranteed living benefits.
- 5The company also highlighted non-GAAP measures for debt, capital, and shareholders' equity to represent its capital structure more effectively.
- 6Management uses certain non-GAAP measures for business planning, analysis, and compensation purposes.