8-KEarnings & ResultsExhibits & Filings

AMERIPRISE FINANCIAL INC 8-K Report, Financial Results (Apr 22, 2015)

Filed April 22, 2015For Securities:AMP

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.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce Ameriprise Financial's financial results for the first quarter of 2015. It includes the press release and statistical supplement where these results are detailed.

Ameriprise Financial provides non-GAAP adjusted results to offer a clearer view of the company's underlying core operations and to facilitate a more meaningful trend analysis. These measures exclude certain items that management believes do not reflect the ongoing performance of the business, such as the impact of consolidating certain investment entities and restructuring charges.

Adjustments to GAAP figures for non-GAAP measures 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. They also adjust certain capital and debt measures to exclude items like accumulated other comprehensive income (AOCI) and fair value of hedges.

The detailed financial results are available in Exhibit 99.1 (Press Release dated April 22, 2015) and Exhibit 99.2 (Statistical Supplement for the quarterly period ended March 31, 2015), which are attached to this Form 8-K filing.