8-KEarnings & ResultsExhibits & Filings

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

Filed July 22, 2015For Securities:AMP

Summary

Ameriprise Financial, Inc. (AMP) filed an 8-K on July 22, 2015, to report its financial results for the second quarter of 2015. The filing primarily serves to attach the press release and a statistical supplement detailing these results. Investors should note that the company is presenting its financial performance on both a GAAP (Generally Accepted Accounting Principles) basis and a non-GAAP adjusted basis. The non-GAAP adjustments are intended to provide a clearer view of core operations by excluding items such as the impact of consolidating certain investment entities, integration/restructuring charges, market impacts on variable annuity and life benefits, hedging impacts, and realized investment gains/losses. This adjusted view is presented to facilitate trend analysis and reflects how management evaluates performance and aligns with how some analysts and investors assess the company.

Key Highlights

  • 1The 8-K filing announces the release of Ameriprise Financial's second quarter 2015 financial results.
  • 2The company is providing financial information on both GAAP and non-GAAP adjusted bases.
  • 3Non-GAAP measures are used to reflect the underlying performance of core operations and aid in trend analysis.
  • 4Key exclusions for non-GAAP adjustments include consolidating certain investment entities (CIEs), integration/restructuring charges, and market impacts on insurance benefits.
  • 5The filing also includes a statistical supplement for the quarterly period ended June 30, 2015.
  • 6Management utilizes these non-GAAP measures for performance evaluation, business planning, and compensation purposes.
  • 7The Chief Financial Officer, Walter S. Berman, signed the report, indicating its formal release of financial information.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce and provide access to Ameriprise Financial's financial results for the second quarter of 2015, including a press release and a statistical supplement.

Ameriprise Financial presents results on a non-GAAP basis to offer a view of its 'core operations' that management believes better reflects underlying performance and facilitates trend analysis. This adjusted view excludes certain items that can distort short-term performance, such as consolidation of investment entities, restructuring charges, and market volatility impacts.

The non-GAAP adjustments exclude several items, including the impact of consolidating certain investment entities (CIEs), integration and restructuring charges, market impacts on variable annuity guaranteed benefits and indexed universal life benefits, market impacts of hedges on certain investments, realized investment gains/losses, and income/loss from discontinued operations. They also adjust certain capital and debt measures.

The detailed financial information is available in the exhibits attached to the 8-K filing: Exhibit 99.1 is the press release announcing the second quarter 2015 financial results, and Exhibit 99.2 is the Statistical Supplement for the quarterly period ended June 30, 2015.