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.