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

The primary purpose of this 8-K filing is to officially report Ameriprise Financial's financial results for the second quarter of 2013. It incorporates by reference the company's press release and a detailed statistical supplement that provides financial data for the quarter ended June 30, 2013.

Why does Ameriprise report both GAAP and non-GAAP financial results?

Ameriprise reports both GAAP and non-GAAP results because management believes that certain non-GAAP measures provide a better reflection of the company's underlying core operations and facilitate a more meaningful analysis of financial performance and trends. These adjusted measures often exclude one-time events, discontinued operations, or accounting treatments that management feels do not represent the ongoing business.

What types of items are typically excluded in Ameriprise's non-GAAP adjustments?

Common exclusions in Ameriprise's non-GAAP reporting include the impact of consolidating certain investment entities (CIEs), integration and restructuring charges, results from discontinued banking activities, market impacts on specific insurance guarantees (like variable annuity living benefits), and certain accounting adjustments related to hedges and accumulated other comprehensive income (AOCI).

How do the non-GAAP capital and debt measures differ from GAAP?

The non-GAAP capital and debt measures provided by Ameriprise are adjusted to exclude items such as accumulated other comprehensive income (AOCI), the fair value of hedges, unamortized discounts, and the impact of consolidating certain investment entities. Management uses these adjustments to present a view of the company's capital structure that they believe is more representative of its ongoing operations and allows for better year-over-year comparability.

AMP 8-K: Earnings & Results

Summary

Ameriprise Financial, Inc. (AMP) filed an 8-K report on July 24, 2013, to announce its financial results for the second quarter of 2013. The filing primarily serves to incorporate by reference the company's press release and a statistical supplement detailing its performance. Investors should note that AMP provides both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial measures, with management believing the latter better reflects the company's core operations and facilitates trend analysis. Key adjustments for non-GAAP measures include the exclusion of consolidated investment entities (CIEs), integration/restructuring charges, cessation of certain banking activities, and market impacts on specific insurance products. The company also highlights adjustments to debt, capital, and equity measures to exclude items like accumulated other comprehensive income (AOCI) and fair value of hedges, which management believes offer a clearer view of its capital structure and comparability. Investors are encouraged to review both GAAP and non-GAAP figures to gain a comprehensive understanding of Ameriprise's financial health and strategic positioning.

Key Highlights

1Ameriprise Financial filed an 8-K on July 24, 2013, reporting Q2 2013 financial results.
2The filing includes a press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2).
3The company presents financial results on both GAAP and non-GAAP adjusted bases.
4Non-GAAP measures exclude impacts from consolidated investment entities (CIEs), restructuring charges, and discontinued banking activities.
5Adjustments are made for market impacts on variable annuity guaranteed living benefits and indexed universal life benefits.
6Non-GAAP debt, capital, and equity measures exclude items like accumulated other comprehensive income (AOCI) and fair value of hedges for better comparability.
7Management uses non-GAAP measures to assess core operations, evaluate financial performance, and for business planning and compensation.

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jul 24, 2013)

Summary

Key Highlights

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