Summary
Ameriprise Financial, Inc. (AMP) filed an 8-K on April 23, 2012, to report its financial results for the first quarter of 2012. The filing primarily consists of a press release and a statistical supplement detailing these results. Investors should note that Ameriprise provided both Generally Accepted Accounting Principles (GAAP) and non-GAAP adjusted financial metrics in its disclosures.
Key Highlights
- 1Ameriprise Financial announced its Q1 2012 financial results via an 8-K filing on April 23, 2012.
- 2The filing includes a press release (Exhibit 99.1) and a Statistical Supplement (Exhibit 99.2) for the quarter ended March 31, 2012.
- 3The company presented financial results on both a GAAP and a non-GAAP adjusted basis.
- 4Non-GAAP measures exclude items such as the impact of consolidating certain investment entities (CIEs), integration/restructuring charges, market impact on variable annuity guaranteed living benefits, and realized gains/losses from discontinued operations.
- 5Management utilizes these non-GAAP measures to provide a clearer view of core operations and facilitate trend analysis.
- 6Various non-GAAP debt, capital, and shareholders' equity measures were also presented, excluding items like accumulated other comprehensive income (AOCI) and fair value of hedges, to better represent the company's capital structure.
- 7The Chief Financial Officer, Walter S. Berman, signed the report.