Why is Ameriprise Financial providing both GAAP and non-GAAP financial results?

Ameriprise Financial provides both GAAP and non-GAAP results because management believes the non-GAAP adjusted 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 and restructuring charges.

What types of adjustments are made to the non-GAAP financial measures?

Key adjustments include the exclusion of the impact of consolidating certain investment entities (CIEs), integration and restructuring charges, market impacts on variable annuity guaranteed living benefits, and gains/losses from discontinued operations. Additionally, certain capital and debt measures exclude accumulated other comprehensive income (AOCI) and the fair value of hedges.

Where can I find the detailed financial information discussed in this filing?

The detailed financial information is contained in Exhibit 99.1 (the press release) and Exhibit 99.2 (the Statistical Supplement), which are attached to this Form 8-K filing.

AMP 8-K: Earnings & Results

Q: What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to officially report Ameriprise Financial, Inc.'s financial results for the third quarter of 2012. It includes the press release and statistical supplement that detail these results.

Summary

This Form 8-K filing by Ameriprise Financial, Inc. (AMP) on October 24, 2012, announces the company's financial results for the third quarter of 2012. The report primarily serves to attach the press release and statistical supplement detailing these results, which are crucial for investors to assess the company's performance and financial condition. AMP is presenting both Generally Accepted Accounting Principles (GAAP) and non-GAAP adjusted financial measures to provide a clearer view of its core operations and facilitate trend analysis. Investors should pay close attention to the specific non-GAAP adjustments made by management, which include excluding the impact of consolidating certain investment entities (CIEs), integration/restructuring charges, market impacts on variable annuity guarantees, and discontinued operations. The company believes these adjusted figures better reflect underlying performance and capital structure, making them important for evaluating trends and comparing performance. The filing underscores AMP's commitment to transparency by providing multiple perspectives on its financial health.

Key Highlights

1Ameriprise Financial, Inc. (AMP) filed an 8-K on October 24, 2012, to report its third-quarter 2012 financial results.
2The filing includes a press release (Exhibit 99.1) and a Statistical Supplement (Exhibit 99.2) for the period ended September 30, 2012.
3AMP presents financial results on both a GAAP and a non-GAAP adjusted basis.
4Non-GAAP measures exclude impacts from consolidating certain investment entities (CIEs), integration/restructuring charges, and market impacts on variable annuity guaranteed living benefits.
5Management believes non-GAAP measures offer a better reflection of core operations and facilitate trend analysis.
6Specific non-GAAP metrics related to debt, capital, and shareholders' equity are also provided, excluding items like accumulated other comprehensive income (AOCI) and fair value of hedges.
7Walter S. Berman, Executive Vice President and Chief Financial Officer, signed the report.

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Oct 24, 2012)

Summary

Key Highlights

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