Summary
Ameriprise Financial, Inc. filed an 8-K on January 27, 2016, to report its financial results for the fourth quarter of 2015. The filing includes a press release and a statistical supplement detailing these results on both Generally Accepted Accounting Principles (GAAP) and non-GAAP adjusted bases. Of particular note for investors is the company's extensive use of non-GAAP measures to present what management considers to be a clearer view of its core operations and financial performance. These adjusted figures exclude various items such as the impact of consolidating certain investment entities, integration/restructuring charges, market impacts on benefits, and realized investment gains/losses. The company asserts that these non-GAAP metrics facilitate more meaningful trend analysis and better reflect its underlying performance and capital structure.
Key Highlights
- 1Ameriprise Financial released its fourth quarter 2015 financial results on January 27, 2016, via an 8-K filing.
- 2The filing incorporates a press release (Exhibit 99.1) and a Statistical Supplement (Exhibit 99.2) for the quarter ended December 31, 2015.
- 3Financial results are presented on both a GAAP and a non-GAAP adjusted basis.
- 4The company utilizes a comprehensive set of non-GAAP financial measures to highlight core operational performance.
- 5Key exclusions in non-GAAP measures include consolidating certain investment entities (CIEs), restructuring charges, and market impacts on certain financial products.
- 6Management believes these non-GAAP measures provide a better reflection of underlying business performance and facilitate trend analysis.
- 7The filing also includes non-GAAP measures for debt, capital, and shareholders' equity, aimed at representing the company's capital structure more effectively.