8-KEarnings & ResultsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Apr 28, 2014)

Filed April 28, 2014For Securities:AMP

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.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially announce and incorporate by reference Ameriprise Financial's financial results for the first quarter of 2014. It includes the company's earnings press release and a statistical supplement for the period.

Ameriprise Financial presents non-GAAP results to offer a more insightful view of its core business performance. These adjusted figures exclude certain items like the impact of consolidating investment entities, restructuring charges, and market fluctuations on specific insurance products, which management believes facilitates better trend analysis and comparability with prior periods.

Key exclusions in Ameriprise's non-GAAP measures include the impact of consolidating certain investment entities (CIEs), integration/restructuring charges, the cessation of deposit-taking and lending activities, market impacts on variable annuity guaranteed benefits and indexed universal life benefits, and realized gains/losses from discontinued operations. Certain capital and debt measures also exclude accumulated other comprehensive income (AOCI), fair value of hedges, and unamortized discount.

Investors can find more detailed financial information by accessing the exhibits referenced in the 8-K filing. Specifically, Exhibit 99.1 is the press release announcing the financial results, and Exhibit 99.2 is the Statistical Supplement for the quarterly period ended March 31, 2014, which provides further detail on the company's performance.