8-KEarnings & ResultsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Jan 28, 2015)

Filed January 28, 2015For Securities:AMP

Summary

This 8-K filing by Ameriprise Financial, Inc. on January 28, 2015, announces their financial results for the fourth quarter of 2014. The report includes a press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2), both of which provide detailed financial information on both Generally Accepted Accounting Principles (GAAP) and non-GAAP adjusted bases. Investors should pay close attention to the non-GAAP measures, as management believes they offer a clearer view of the company's core operations and facilitate trend analysis.

Key Highlights

  • 1Ameriprise Financial announced its fourth quarter and full-year 2014 financial results on January 28, 2015.
  • 2The filing includes a press release and a statistical supplement detailing the financial performance.
  • 3The company presents financial results on both GAAP and non-GAAP adjusted bases.
  • 4Non-GAAP measures are used to exclude certain items such as the impact of consolidating investment entities (CIEs), integration/restructuring charges, and market impacts on variable annuity/indexed universal life benefits.
  • 5Management uses these non-GAAP measures to provide a better reflection of underlying core operations and for trend analysis.
  • 6Specific non-GAAP measures highlighted include adjusted operating earnings, adjusted net pretax operating margin, and various equity and debt measures excluding certain impacts like AOCI and CIEs.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Ameriprise Financial's financial results for the fourth quarter of 2014 and to provide access to the detailed press release and statistical supplement.

Ameriprise presents both GAAP and non-GAAP results because management believes that the non-GAAP measures, which exclude certain items like consolidating investment entities and restructuring charges, provide a more meaningful view of the company's core operational performance and facilitate better trend analysis for investors and analysts.

The non-GAAP adjustments typically exclude the impact of consolidating certain investment entities (CIEs), integration/restructuring charges, market impact on variable annuity guaranteed benefits and indexed universal life benefits, and realized gains/losses from discontinued operations. Other adjustments relate to capital and debt measures, excluding items like accumulated other comprehensive income (AOCI) and fair value of hedges.

Management uses these non-GAAP measures to evaluate financial performance, for business planning and analysis, and for certain compensation-related matters. The company also believes these measures are used by some securities analysts and investors for comparison and analysis.