Summary
Ameriprise Financial, Inc. (AMP) filed this 8-K report on April 28, 2014, to announce its financial results for the first quarter of 2014. The report primarily serves to incorporate by reference the company's earnings press release and a statistical supplement detailing its quarterly performance. Investors should note that Ameriprise presents its financial results on both a Generally Accepted Accounting Principles (GAAP) and a non-GAAP adjusted basis. The non-GAAP measures are utilized to provide a clearer view of the company's core operations by excluding certain items such as the impact of consolidating certain investment entities (CIEs), integration/restructuring charges, market impacts on variable annuity and indexed universal life benefits, and results from discontinued operations. Management believes these adjusted figures offer a more meaningful trend analysis and better comparability, especially concerning capital structure and former banking operations. The report highlights the availability of these detailed financial disclosures for investor review.
Key Highlights
- 1Ameriprise Financial announced its first quarter 2014 financial results on April 28, 2014.
- 2The 8-K filing incorporates by reference the company's Q1 2014 earnings press release (Exhibit 99.1).
- 3A Statistical Supplement for the quarter ended March 31, 2014, is also furnished as Exhibit 99.2.
- 4The company reports financial results on both GAAP and non-GAAP adjusted bases.
- 5Non-GAAP measures exclude impacts from consolidating certain investment entities (CIEs), restructuring charges, and market impacts on certain insurance products.
- 6Management uses non-GAAP measures to provide a clearer view of core operations and for trend analysis.
- 7The filing also details various non-GAAP capital and debt measures for better comparability and capital structure representation.