Summary
This 8-K filing from Ameriprise Financial, Inc. (AMP) on February 4, 2014, announces the company's financial results for the fourth quarter of 2013. The report primarily serves to furnish the press release and a statistical supplement detailing these results, which are available as exhibits. Investors should note that Ameriprise presents its financial information on both a GAAP and a non-GAAP adjusted basis. The non-GAAP measures are utilized by management to provide a clearer view of core operations and facilitate trend analysis by excluding items such as consolidated investment entities (CIEs), restructuring charges, discontinued banking activities, and market impacts on certain insurance products. The company emphasizes that these non-GAAP presentations are used internally for performance evaluation and planning, and are also considered by some analysts and investors.
Key Highlights
- 1Ameriprise Financial, Inc. reported its Q4 2013 financial results on February 4, 2014.
- 2The 8-K filing includes the press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2) for the quarter ended December 31, 2013.
- 3The company provides financial information on both Generally Accepted Accounting Principles (GAAP) and non-GAAP adjusted bases.
- 4Non-GAAP measures are used to exclude the impact of consolidating certain investment entities (CIEs).
- 5Other items excluded in non-GAAP reporting include restructuring charges, the cessation of banking activities, and market impacts on variable annuity and indexed universal life benefits.
- 6Management believes non-GAAP measures better reflect underlying core operations and facilitate trend analysis.
- 7Certain non-GAAP debt, capital, and equity measures are also presented, excluding items like Accumulated Other Comprehensive Income (AOCI) and fair value of hedges.