Summary
This 8-K filing by Ameriprise Financial, Inc. (AMP) on February 1, 2012, primarily announces the company's financial results for the fourth quarter of 2011. Investors should note that the company is providing both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial measures. The non-GAAP measures are presented to offer a clearer view of core operations and facilitate trend analysis, by excluding items such as consolidating certain investment entities (CIEs), integration/restructuring charges, market impact on variable annuity guaranteed living benefits, and realized gains/losses. The filing indicates that detailed financial information, including a press release (Exhibit 99.1) and a Statistical Supplement (Exhibit 99.2) for the period ending December 31, 2011, are attached. Management utilizes these non-GAAP metrics to assess performance, compare with industry peers, and for business planning and compensation purposes, making them key to understanding the company's operational performance beyond standard accounting.
Key Highlights
- 1Ameriprise Financial, Inc. reported its fourth quarter and full-year 2011 financial results.
- 2The company is providing financial data on both GAAP and non-GAAP adjusted bases.
- 3Non-GAAP measures are used to provide a better reflection of underlying core operations and trends.
- 4Key exclusions in non-GAAP reporting include consolidating certain investment entities (CIEs), integration/restructuring charges, and market impacts on variable annuity benefits.
- 5Financial results for the quarter ended December 31, 2011, were released via press release (Exhibit 99.1) and a Statistical Supplement (Exhibit 99.2).
- 6Management uses these non-GAAP measures for performance evaluation, business planning, and compensation.
- 7The filing was signed by Walter S. Berman, Executive Vice President and Chief Financial Officer.