Summary
This 8-K filing from Ameriprise Financial, Inc. (AMP) on April 22, 2015, primarily announces the company's financial results for the first quarter of 2015. The filing incorporates by reference a press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2) detailing these results. Investors should note that the company presents its financial information on both a GAAP and a non-GAAP adjusted basis. Management utilizes these non-GAAP measures to provide a clearer view of core operations and facilitate trend analysis, excluding items such as the impact of consolidating certain investment entities, restructuring charges, market impacts on certain benefits, and realized gains/losses from discontinued operations. A comprehensive list of these non-GAAP measures, including adjusted earnings, revenues, and various capital and debt metrics, is provided, indicating management's focus on presenting underlying business performance.
Key Highlights
- 1Ameriprise Financial reported its first-quarter 2015 financial results on April 22, 2015.
- 2The results are detailed in an accompanying press release (Exhibit 99.1) and a statistical supplement (Exhibit 99.2).
- 3The company provides financial results on both Generally Accepted Accounting Principles (GAAP) and non-GAAP adjusted bases.
- 4Non-GAAP measures are used to reflect underlying core operations and facilitate trend analysis.
- 5Key exclusions in non-GAAP reporting include consolidation of certain investment entities (CIEs), restructuring charges, and market impacts on variable annuity and indexed universal life benefits.
- 6Various non-GAAP measures for earnings, revenues, debt, capital, and shareholders' equity are presented.
- 7The Chief Financial Officer, Walter S. Berman, signed the filing.