8-KEarnings & ResultsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Apr 23, 2012)

Filed April 23, 2012For Securities:AMP

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.

Frequently Asked Questions

The main purpose of this 8-K filing is to report Ameriprise Financial's financial results for the first quarter of 2012, which were released on April 23, 2012. It includes the official press release and a supplementary statistical package.

Ameriprise provided non-GAAP results because management believes these measures better reflect the underlying performance of its core operations and allow for more meaningful trend analysis. They exclude certain items like the impact of consolidating investment entities, restructuring charges, and market volatility impacts.

Common adjustments to GAAP figures for non-GAAP reporting in this filing include the exclusion of consolidating certain investment entities (CIEs), integration/restructuring charges, market impacts on variable annuity guarantees, and realized gains/losses from discontinued operations. Specific exclusions also applied to debt and capital measures like AOCI and fair value of hedges.

The detailed financial information can be found in Exhibit 99.1 (the press release) and Exhibit 99.2 (the Statistical Supplement) attached to this 8-K filing.